Peabody Energy

Peabody Energy
2:08 pm
Wed March 2, 2011

Peabody Energy to stay downtown, expand

Peabody Energy CEO Gregory Boyce announces that the energy giant will remain in downtown St. Louis for at least another 15 years, during a press conference in St. Louis on March 2, 2011. (UPI/Bill Greenblatt)

St. Louis-based Peabody Energy announced today that it will keep its headquarters in downtown St. Louis for at least another 15 years.

Peabody is a Fortune 500 company employing more than 600 people in St. Louis.

The company had been offered a package of $10 million in Federal New Market tax credits to fund upgrades to their downtown high-rise.

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Morning round-up
9:25 am
Wed March 2, 2011

Morning headlines: Wednesday, March 2, 2011

According to the St. Louis Business Journal, Peabody Energy is expected to announce that it will keep its headquarters in downtown St. Louis. (SLPRnews)
  • Missouri House members have voted to cap the state's minimum wage at the federal rate. The legislation would essentially overturn a 2006 voter-approved law that lets Missouri's minimum wage rise above the federal level based on annual inflation. Proponents contend capping the minimum wage would help small business. They also say it could be difficult for Missouri businesses to compete if the state's minimum wage is higher than those of neighboring states. Critics defend Missouri's existing law and say legislators should not overrule a measure approved by the voters.
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Morning round-up
9:19 am
Tue January 25, 2011

Morning headlines: Injunction prevents St. Charles county from enforcing restrictions on funeral protests, Mo. House committee takes up Prop B repeal, Peabody Energy doubles profits

St. Louis-based Peabody Energy announced that it doubled it profits in the last three months as higher global prices and demand for coal offset production disruptions blamed on devastating rains in Australia. (slprnews)

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China Connections
10:34 am
Wed January 19, 2011

Boeing, Peabody Energy to benefit from China deals

The Boeing Phantom Ray unmanned airborne system (UAS), just one of the models of aircraft Boeing produces, during an unveiling ceremony in St. Louis on May 10, 2010. Reports state China will announce deals today including one to buy 200 Boeing airplanes.
(UPI/Boeing Aircraft Handout)

A senior administration official says China will announce deals Wednesday to purchase $45 billion in U.S.

exports, including a $19 billion agreement to buy 200 Boeing airplanes, according to the Associated Press.

The official says the deal will create 235,000 jobs in the U.S.

It is important to note, however, that these planes will be commercial aircraft. Moreover, the St. Louis division of Boeing, which produces military aircraft, is unlikely to benefit directly from today's deal.

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