Business News

Gov. Nixon announces creation of 300 new high-tech jobs in St. Louis

Unisys to locate new application modernization center to provide Information Technology services to federal agencies and other clients. Gov. Jay Nixon today took part in the official announcement that worldwide information ... Read More

Boeing gets $1.5B air force contract

Boeing Co. has received a $1.53 billion U.S. Air Force contract for eight C-17 transport planes, the Pentagon said on Tuesday in a daily list of contract awards. It said $734 ... Read More

Hospira’s generic antibiotic gets FDA green light

Hospira Inc. said Tuesday the Food and Drug Administration has approved its generic version of AstraZeneca’s antibiotic Merrem. The FDA cleared Hospira’s version of intravenous meropenem in 500-milligram and 1-gram vials. ... Read More

Ford taps Toshiba to make motors for hybrid

Toshiba said on June 23 it will build electric motors for a new Ford hybrid vehicles at its plant in the United States. The company, already building motors for bullet trains, ... Read More

Regulus, Sanofi-Aventis form $750M partnership

Biotech drugmaker Regulus Therapeutics Inc. said Tuesday it will team up with Sanofi-Aventis SA, one of the world’s largest drug companies, in a drug development deal that could be worth more ... Read More

Emerson, Panduit announce partnership

Emerson Network Power is partnering with Panduit to incorporate its products into Panduit’s Unified Physical Infrastructure (UPI) system, the two companies said today. The UPI system integrates equipment and technology from ... Read More

Emerson, Korea South East Power partner on power plants

An Emerson business unit and Korea South East Power Co. have signed a memorandum of understanding to collaborate on modernizing existing power plants and constructing new ones in Korea, the Middle ... Read More

Caterpillar’s global sales jump

Caterpillar Inc. said Friday that its machine sales worldwide jumped 11 percent in May compared with a year ago as a rebound in North American and Asian business markets helped offset ... Read More

Corn Products to buy starch business for $1.3 billion

Corn Products International has agreed to buy the starches arm of Dutch paintmaker Akzo Nobel N.V. for around $1.3 billion. Corn Products International will pay cash and also assume employee obligations ... Read More

BASF poised to buy Cognis for $4 billion

BASF, the world’s largest chemicals maker, has sealed a deal to buy Cognis, a German maker of additives, for at least 3.3 billion euros ($4.1 billion), The Wall Street Journal reported, ... Read More