Business News

Renault, Nissan, Daimler join to manufacture electric cars

A new partnership aimed at saving billions of dollars and accelerating sales of pollution-light electric cars was created by Renault, Nissan and Daimler, the companies announced on April 7. The companies ... Read More

Washington University brain center gets $3.8M

Washington University School of Medicine in St. Louis said Tuesday it landed a five-year, $3.8 million federal grant for a center that helps researchers collect and use data on the brain ... Read More

Handmark will develop mobile apps for Freedom Communications properties

Handmark Inc. is helping Freedom Communications Inc. develop mobile device applications for its group of newspapers and television stations. The Kansas City-based software company said in a release Tuesday that it ... Read More

Federal-Mogul seeks emerging-technology companies

Federal-Mogul Corp. is looking to acquire companies developing emerging technologies for electric vehicles, its CEO said. CEO José Maria Alapont told Crain’s that Southfield-based Federal-Mogul is in talks to acquire at ... Read More

CareFusion buying Medegen for $225M

Medical technology company CareFusion Corp. said Monday it will buy Medegen for $225 million in cash. Medegen makes needleless access valves and other products that deliver intravenous medication to patients. CareFusion ... Read More

Boeing, Stirling ink solar panels deal

A St. Louis-based unit of Boeing and Stirling Energy Systems (SES) inked a deal calling for the Scottsdale, Ariz.-based solar power developer to integrate the aerospace company’s high-concentration photovoltaic cells into ... Read More

Solo Cup to buy InnoWare container company

Manufacturer Solo Cup Co. is buying take-out container maker InnoWare Plastic Inc. for $24 million in cash. The privately held company said Wednesday it will buy the unit of disposable foodservice ... Read More

KV Pharmaceutical lays off 289 workers

KV Pharmaceutical Co. said Wednesday is has laid off 289 employees, or approximately 42 percent of its work force. The move is part of the Bridgeton, Mo.-based company’s ongoing effort to ... Read More

Smith Electric Vehicles gets $22M more from the U.S. Department of Energy

Smith Electric Vehicles U.S. Corp. is getting $32 million in federal money to help develop future all-electric vehicles and to reimburse customers participating in a study of how the vehicles operate. ... Read More

U.S. manufacturing sector grew in March

A private trade group says the manufacturing sector expanded in March at its strongest pace since July 2004. The Institute for Supply Management, a trade group of purchasing executives, says its ... Read More