Business News

MEMC Electronic Materials buying Solaicx

MEMC Electronic Materials Inc., based in O’Fallon, Mo., announced today it has reached agreement to acquire privately held Solaicx for at least $66 million. Solaicx, which is headquartered in Santa Clara, ... Read More

U of Mo. is a top CEO alma mater

The University of Missouri is among the top 10 undergraduate schools that produced the most chief executives among S&P 500 companies. According to this week’s issue of Bloomberg Businessweek, 11 graduates ... Read More

Boeing discount wins jetmaker $5.4 billion Navy Super Hornet contract

Boeing Co. won a long-sought decision by the Navy to keep buying its F/A-18 Super Hornet for several years after the company knocked 10% off the fighter jet’s price, saving the ... Read More

Astellas Pharma buys OSI for $4 billion

Astellas Pharma Inc., Japan’s No. 2 drug maker, said Monday it will buy U.S. cancer drug company OSI Pharmaceuticals Inc. for $4 billion in cash in a bid to expand its ... Read More

Pfizer, WashU strike deal on research pact

Two of St. Louis’ major powerhouses announced a unique partnership today whose purpose is to discover new uses for existing drugs and to accelerate the development of scientific knowledge about human ... Read More

Gov. Nixon announces creation of 800 new high-tech jobs in Columbia

Gov. Jay Nixon today took part in the official announcement that global technology innovator IBM will locate a new services delivery center in Columbia, a project that will create 800 new ... Read More

Phycal to open algae lab at Danforth’s BRDG Park

Phycal LLC has leased 2,800 square feet for an algae biotechnology laboratory at the BioResearch and Development Growth Park (BRDG) at the Danforth Plant Science Center. Phycal, led by President and ... Read More

Missouri metros’ economies among the strongest

Four Missouri metros ranked in the top 50% of 366 metros due to the strength of their economies. Kansas City ranked 17th, followed by St. Louis at 101st, Springfield at 162nd, ... Read More

Merck to seek new drug approvals

Merck & Co. plans to file five new drug applications this year but said it has ended development of its first stab at a follow-on biologic drug, illustrating the risks of ... Read More

Start-up may sell genetic tests in stores

Genetic tests that assess a person’s risk of getting various diseases are heading to the corner drug store. Pathway Genomics, a start-up company, is expected to announce on Tuesday that it ... Read More