Business News

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 129 acres in New Madrid County, to expand its Missouri operations and build its first production facility in the state.

[St. Louis Business Journal]

Peabody to buy $15M stake in Calera

Peabody Energy said it plans to buy a $15 million equity interest in Calera Corp., which has proprietary technology that converts carbon dioxide into green building materials. Los Gatos, Calif.-based Calera, ... Read More

Midwest Research Institute wins Department of Defense research contract

Midwest Research Institute has received a U.S. Department of Defense contract to provide support services for national defense research against chemical and biological warfare and terrorism. The Kansas City-based organization said ... Read More

EADS backs algae as future biofuel

Airbus parent company EADS is backing algae as the best source of sustainable jet fuel, arguing that other feedstocks will not allow the airline industry to meet its carbon-footprint reduction goals. ... Read More

Compass Plus opens North American HQ in St. Louis

Compass Plus, an international provider of electronic funds transfer (EFT) and payments technology to financial institutions, announced it has opened its first North American office in St. Louis, and has appointed ... Read More

Teva to acquire ratiopharm for $5 billion

Teva Pharmaceutical Industries, the global leader in generic drugs, said Thursday that it had reached a deal to acquire the German generic drug maker Ratiopharm, ending a nine-month battle that had ... Read More

Biofuel for planes may take off within 10 years

Within a decade, passenger planes will be flying on jet fuel largely made from plants — flax, marsh grass, even food waste — as airlines seek to break away from the ... Read More

Fortune names SLU among best schools for entrepreneurs

Fortune magazine has name Saint Louis University one of its “5 schools for entrepreneurs.” SLU was one of five schools the magazine chose that stand out among the 2,264 schools in ... Read More

FCC chair ups the bar for broadband

Federal Communications Commission Chairman Julius Genachowski on Tuesday said the federal government wants most U.S. households to by 2020 have access to Internet service that is 10 times faster than what ... Read More

MEMC’s SunEdison unit to build Italian solar plant, Europe’s biggest

The Italian government issued final approval to MEMC’s SunEdison division to develop and build a 72-megawatt photovoltaic solar power plant near Rovigo, in northeastern Italy. The plant is expected to be ... Read More

Caterpillar may bring some Japanese production back to U.S.

Caterpillar Inc. said March 11 it is considering the construction of a new hydraulic excavator plant in the United States that could result in the transfer of some production from Japan. ... Read More