Business News

PC World blogger likes St. Louis for Google fiber project

St. Louis has applied to become a test market for Google’s experimental ultra-fast fiber optic Internet service, and a PC World blogger thinks the Gateway to the West would be a ... Read More

Saft develops Li-ion batteries for military applications

Saft, a supplier of advanced battery systems for defense applications, has developed a new lithium-ion battery for non-hybrid vehicles which would power the ignition, lighting and electrical hardware for long periods ... Read More

Covidien to buy Somanetics for $250M

Covidien plc said Wednesday it plans to buy Somanetics Corp. for $250 million. Somanetics, which develops, manufactures and sells noninvasive medical diagnostic and monitoring equipment, had sales of $50 million in ... Read More

Ball selling packaging unit to Amcor for $280M

Metal and plastic packaging supplier Ball Corp. said Tuesday that it has agreed to sell its U.S.-based plastic packaging business to Australian packaging company Amcor Ltd. for $280 million. The deal ... Read More

North American Bancard buys electronic payment company Point and Pay

Troy-based credit card processing company North American Bancard Inc. has closed on the acquisition of Haines, Fla.-based Point and Pay, an electronic payment processing service company for the public sector. The ... Read More

Nixon signs bill for college savings plan

Missouri Gov. Jay Nixon has signed legislation that would enhance tax benefits for the state’s higher education savings program. On Monday, Nixon approved Senate Bill 772, which eliminates a 12-month holding ... Read More

Mosaic in talks to buy Mexican firm

Mosaic Co. is in talks to acquire Mexican fertilizer company Grupo Fertinal SA in a deal that could be worth up to $1 billion, people familiar with the matter said. A ... Read More

Kansas City forum connects animal health firms with investors

Area animal health companies seeking venture capital have an coming opportunity close to home. The KC Animal Health Corridor is holding its second KC Animal Health Investment Forum on Aug. 31 ... Read More

Cardinal Health, Inc. buys Healthcare Solutions Holding for $517 million

Cardinal Health today announced plans to expand its presence in specialty pharmaceutical services with a definitive agreement to purchase Healthcare Solutions Holding, LLC in an upfront $517 million all-cash transaction. The ... Read More

Swiss ABB to buy Chloride Group for $1.25 billion

ABB, the Swiss engineering group, is buying British-based Chloride Group for an agreed £860 million ($1.25 billion), as it seeks to improve its automation offering. Shares in Chloride surged 18 percent ... Read More