St. Louis is one of the most affordable cities in the nation to do business, a new study shows.
St. Louis ranked sixth with a cost index of 97.8, benefiting from competitive salary and wage costs and low industry lease costs, according to a report released Tuesday by audit, tax and advisory firm KPMG LLP.
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 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 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
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
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
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 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
Chemical maker DuPont Co.’s profit nearly tripled, while revenue increased more than expected on better volume and higher selling prices. “We grew sales across every segment,” said Chairman and Chief Executive ... Read More
in a laboratory where almost all the test tubes look green, the tools of modern biotechnology are being applied to lowly pond scum. Foreign genes are being spliced into algae and ... Read More
Caterpillar Inc. reported a stronger-than-expected quarterly profit and raised its full-year outlook, citing sales growth in emerging markets, especially from customers in mining and energy. The world’s largest maker of construction ... Read More