Emerson’s new Industrial Energy Group plans to convert huge power plants used in manufacturing facilities, refineries and foundries into bio-mass-burning hybrids to produce the needed energy to run these giant plants ... Read More
Gov. Jay Nixon today signed Senate Bill 7, the Missouri Science and Innovation Reinvestment Act (MOSIRA), passed by the General Assembly during the special session. Passage of the MOSIRA bill was ... Read More
Investments in startups by venture capitalists increased in Missouri in the third quarter but declined in Kansas, the Kansas City Business Journal reports. Venture capitalists signed five deals for a total of $92.1 million in the third quarter, according to a report by PricewaterhouseCoopers LLP and the National Venture Capital Association. That compared with three deals worth $7.7 million during the second quarter. ... Read More
Abbott Laboratories is spinning off its branded drug business and will become two separate medical companies, the Chicago Tribune reports. The spinoff will exclusively sell Abbott's branded pharmaceuticals. Abbott CEO Miles White will continue to lead the rest of the medical device company. ... Read More
The Donald Danforth Plant Science Center said today it won a $5.5 million grant from the U.S. Department of Energy to develop the oilseed plant camelina as a sustainable source of biofuel and an alternative to oil. Investigators at the Danforth Center’s Enterprise Rent-A-Car Institute for Renewable Fuels will work to develop an enhanced variety of camelina that produces more oil per acre. ... Read More
Climate scientists and their billionaire backers, like Bill Gates, are trying to turn down the global thermostat – and make money doing it. Lately another approach to cooling the planet, with ... Read More
Cerner Corp. has agreed to buy Clairvia Inc., a North Carolina company whose software helps health care organizations coordinate staffing, the Kansas City Business Journal reports. Cerner, a health care technology company based in North Kansas City, said the purchase of Clairvia should close in October. ... Read More
Solutia Inc. said today it will buy Southwall Technologies Inc., which makes films and glass products for automotive, electronic and architectural markets, including screens for smartphones and e-readers, for $113 million. The deal to acquire Palo Alto, Calif.-based Southwall for $13.60 per share of Southwall common stock will be funded by Solutia from existing cash on hand, the St. Louis-based company said. ... Read More
A northern Missouri college of osteopathic medicine has approved a $26 million bond issue to build a dental school. A.T. Still University of Health Sciences said that its board of trustees ... Read More
The Department of Defense awarded a contract worth up to $11.7 billion to Boeing for support and maintenance of its C-17 aircraft to the U.S. military and global allies, the St. Louis Business Journal reports. Boeing's defense unit, which builds the C-17, is based in St. Louis. ... Read More