Business News

Saint Louis University today announced a $5 million grant from the Alberici Foundation to establish the new Center for Sustainability — a first for the nation’s 28 Jesuit colleges and universities.

SLU’s Center for Sustainability will be guided by an overarching mission to develop creative, collaborative solutions to pressing environmental challenges facing society today. With Midtown St. Louis as its home base, the center will have a special focus on sustainability issues in urban areas.

[PR Newswire]

$7.3M in Mo. incentives attract 500 Expedia jobs

The state of Missouri awarded online travel firm Expedia an incentive package worth more than $7.3 million to help cement the Bellevue, Wash.-based company’s planned expansion in Springfield, Mo., and the ... Read More

Ford brings jobs in-house, including 200 in Kansas City

Ford Motor Co. announced Wednesday that it is on pace to bring about 1,975 jobs in-house by 2012, including more than 200 jobs at Ford’s Kansas City Assembly Plant in Claycomo, ... Read More

U.S. Highway 71 in Missouri will get $65M interstate upgrade

Driving from Kansas City to Joplin, Mo., down U.S. Highway 71 is going to get much faster. More ... Read More

Missouri is one of the Top Ten Pro-Business States

Missouri ranks 10th in the just-released Pollina Corporate Top 10 Pro-Business States for 2010. Brent Pollina, Vice President of Park Ridge, Illinois-based Pollina Corporate Real Estate and author of this year’s ... Read More

Caterpillar unit acquires locomotive maker

Caterpillar said its rail-services unit completed the acquisition of locomotive maker Electro-Motive Diesel for $820 million plus a post-closing adjustment estimated at $108 million, The Associated Press reported. Electro-Motive Diesel, or ... Read More

Ameren forms separate transmission business

Ameren Corp. said Monday it created a new subsidiary dedicated to electric transmission infrastructure investment and identified $3 billion in potential projects. The new company, Ameren Transmission Co. (ATX), will build ... Read More

GE, Intel form health-care joint venture

General Electric Co. and Intel Corp. announced plans to create a health-care joint venture focused on chronic disease and age-related conditions. The corporate giants entered into a health-care alliance in April ... Read More

Stoddard County biodiesel plant considering technology to turn waste into fuel

A new process for converting waste into synthetic diesel fuel is being given serious consideration by Global Fuels LLC of Dexter, which currently produces biodiesel from chicken fat. The new process ... Read More

Mediomics gets $460,000 for research

St. Louis biotechnology company Mediomics said Tuesday it received an additional $460,000 in federal funding thanks to the renewal of a second-year grant from the National Institute of General Medical Sciences. ... Read More

Covidien completes $250M Somanetics buy

Covidien plc said Wednesday it completed its $250 million acquisition of Somanetics Corp. The deal was announced a little more than a month ago. Somanetics, which develops, manufactures and sells noninvasive ... Read More