Business News

Dow Chemical Co. plans to add a gene to its corn, cotton and soybean seeds that will allow farmers to use a second herbicide to control weeds not killed by Monsanto ’s Roundup herbicide, Bloomberg News reports.

Dow Herbicide Tolerance (DHT) will be combined with Roundup tolerance, allowing growers to kill problem weeds with Dow’s herbicide, Antonio Galindez, president of Indianapolis-based Dow AgroSciences, said in a webcast Wednesday of a UBS AG conference presentation, according to Bloomberg News.

[St. Louis Business Journal]

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

Abbott to buy Facet Biotech

Abbott Laboratories announced late Tuesday that it had agreed to buy Facet Biotech for a net price of $450 million in cash, in a move aimed at expanding its drug pipeline, ... Read More

Cisco unveils system for super-fast internet

Cisco Systems on March 9 unveiled super-fast Internet hardware that promises to boost U.S. competitiveness and bolster economic recovery by moving mountains of data at astounding speeds. The leader in networking ... Read More

Boeing wins $69M Air Force contract

A St. Louis-based unit of Boeing won a contract worth about $69.7 million by the U.S. Air Force for the initial engineering, manufacturing and development of QF-16 Full Scale Aerial Targets, ... Read More