Abbott to buy Facet Biotech
- March 10, 2010
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
Business News
The Missouri Department of Economic Development (DED) announced today that a Kearney location has been designated as the state’s third Certified Site.
Chosen by DED’s Certified Site team, the site will provide Kearney and Clay County with a competitive advantage in attracting 21st century jobs. The 85-acre site, located at the northwest corner of I-35 and MO Highway 92, is being marketed for various industries.
Cisco unveils system for super-fast internet
- March 10, 2010
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
- March 10, 2010
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
Smith Electric Vehicles U.S. makes offer to buy British counterpart
- March 10, 2010
Smith Electric Vehicles U.S. Corp. has offered to buy its British partner for 37 million pounds ($55.2 million) in cash and a piece of any future public offering. The Kansas City-based ... Read More
Kansas City Power & Light, St. Joseph power plant will turn methane into energy
- March 10, 2010
Kansas City Power & Light is teaming up with the city of St. Joseph to create a power plant that converts methane leaking from the city’s landfill into energy. The utility ... Read More
Washington University gets $14M in stimulus for genomic data center
- March 10, 2010
Washington University School of Medicine in St. Louis has received a $14.3 million grant through the American Recovery and Reinvestment Act to expand its data center for genomics. The project is ... Read More
IBM, Stanford develop new plastic recycling method
- March 09, 2010
Because of limitations in recycling technology, a common type of plastic used in water bottles and food containers weakens so much when it’s recycled that it can’t be used again for ... Read More
Merck, Sanofi merge animal medicine units
- March 09, 2010
Two of the world’s biggest pharmaceutical companies said Tuesday they are uniting their animal health businesses in a deal to become the top dog in the veterinary industry. Merck & Co. ... Read More
3M to buy Canadian aerospace products company
- March 09, 2010
Manufacturing conglomerate 3M Co. said Monday it has agreed to acquire MTI PolyFab Inc., a Canadian manufacturer of noise and vibration reduction technology for airplanes. MTI said the acquisition price is ... Read More
St. Louis area firm opts for insourcing
- March 09, 2010
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