Business News

Ascent, a St. Louis-based developer and operator of data centers, plans to build a new $85 million data center in St. Louis.

The data center will be built near the Plymouth Industrial Park in Wellston and be called the STL1. Ascent CEO Phil Horstmann said the data center will be designed to tap into the growing biotechnology, life sciences and startup communities in St. Louis.

[St. Louis Business Journal]

Big Boost to the Solar Panel Industry Promised by Thin Wafer Technology

Twin Creeks Technologies and Silicon Genesis’ thin wafering systems promise to return solar to its place in the alternative energy race. more ... Read More

Pentair to acquire Tyco Flow division for $4.43 billion

Schaffhausen, Switzerland-based Tyco International Ltd. has agreed to spin off its Tyco Flow division to Minneapolis-based Pentair for $4.53 billion, Bloomberg reports. Tyco, which creates valves and other flow-control instruments, said ... Read More

St. Louis ranks 7th in low cost of doing business

St. Louis ranked seventh among 27 U.S. cities in a study of the least-costly locations to do business in the United States. KPMG LLP, an audit, tax and advisory firm, completed ... Read More

MU hydrogen car to compete in Eco-marathon

University of Missouri engineering students have a lot of faith in their third made-from-scratch hydrogen-powered street car. The hydrogen vehicle team expects Tigergen III to reach the equivalent of 500 miles ... Read More

Covidien to buy Israeli device maker for $300 million

Covidien to buy Israeli device maker for $300 million more ... Read More

Expansion at Mo. auto parts plant to add 200 jobs

A $39 million expansion at the TG Missouri auto supply plant in Perryville will result in 200 new jobs over the next five years. Gov. Jay Nixon was in the southeast ... Read More

Sanofi-Aventis to Buy Pluromed to Expand Biosurgery Offerings

Sanofi-Aventis agreed on Friday to buy Pluromed, a maker of plastic inserts for medical procedures, for an undisclosed amount to add to its biosurgery offerings. more ... Read More

Monsanto to test first USDA-approved corn genetically engineered to tolerate drought

U.S. farmers across the Western Great Plains will soon plant Monsanto’s newest drought-tolerant corn as part of on-farm trials. The DroughtGard Hybrids are designed to help farmers mitigate the risk of ... Read More

Chemical Giant Asahi Kasei to Buy Zoll

CEO of Asahi Kasei says U.S. leads world in medical device business both in size and technological innovation, so establishing a strong infrastructure in the U.S. is an important step for ... Read More

MRIGlobal forms new health and security unit

MRIGlobal has formed a new operating unit for global health and security. The life sciences unit will focus on drug development, biosurveillance, diagnostics and food safety for the Kansas City-based research ... Read More