Business News

St. Louis area firm opts for insourcing

Reversing a trend that has resulted in the loss of thousands of local jobs, a St. Louis-area apparel manufacturer has opted against out-sourcing and folded the bulk of information technology operations ... Read More

Boeing develops Phantom Eye surveillance aircraft

Boeing is working to broaden the offerings of its Unmanned Airborne Systems division through development of a surveillance aircraft — powered by a hydrogen-fueled Ford compact truck engine — that will ... Read More

Essar to buy Trinity Coal

India’s Essar Group Ltd. will acquire U.S. coal producer Trinity Coal for $600 million, giving the global steelmaker direct access to a key raw material that’s seen a recovery in demand. ... Read More

AIG sells Alico unit to MetLife for $15.5 billion

American International Group will sell a second overseas life and health insurance unit for $15.5 billion to MetLife Inc. in an ongoing bid to repay billions in government aid. It was ... Read More

FPL experiments with solar thermal at gas-fired power plant

In former swamplands teeming with otters and wild hogs, one of the nation’s biggest utilities is running an experiment in the future of renewable power. Harvesting the SunAcross 500 acres north ... Read More

US wind potential higher than previously estimated

New wind potential estimates for the lower 48 states based on windNavigator, AWS Truewind’s high-resolution wind resource dataset have been released. The estimates were produced in collaboration with the National Renewable ... Read More

DuPont to build $55M seed production facility in Mo.

DuPont, a rival of Monsanto Co., plans to build a $55 million soybean seed production facility in Missouri’s bootheel. Pioneer Hi-Bred, a DuPont subsidiary led by President Paul Schickler, recently acquired ... Read More

Light-emitting diode shortage likely this year

According to electronic market research firm iSuppli, LEDs are facing a global supply shortage in 2010, and the year may end with a sharp under-supply of the in-demand devices unless production ... Read More

Nucor forms joint venture with Mitsui

Steelmaker Nucor Corp. has entered into an agreement with Japan-based steel products manufacturer Mitsui & Co. Ltd. to form a new company called NuMit LLC, Nucor said March 2. Under the ... Read More

Washington University cancer researchers get grant

Two Washington University researchers, Emily Cheng and Ellen Langer, recently won a combined $870,000 in research grants from the American Cancer Society. They join 15 other current grant recipients in the ... Read More