IBM touts smarter buildings push
- February 23, 2010
Big Blue announced Monday that it will team up with partners and customers to venture into the next phase of its Smarter Planet initiative: Smarter Buildings. The goal is to help ... Read More
Business News
Chloride Group, the British power supply company, said Friday that it has accepted an improved takeover bid from the American competitor, Emerson Electric, that values it at £997 million ($1.5 billion).
Chloride said its board unanimously recommended that shareholders accept Emerson’s offer of 375 pence a share. Besides its cash offer for shares, Emerson said Chloride shareholders would also receive a final dividend of 3.3 pence a share for the year ending March 31, The Associated Press reported.
Boeing lays off about 100 in St. Louis
- February 22, 2010
Boeing Co. said on Friday that it sent layoff notices to more than 1,000 people, including nearly 100 in the St. Louis. Most of the layoffs were technology workers in Washington ... Read More
FDA approves Boehringer Ingelheim Corporation’s Mirapex for the treatment of Parkinson’s disease
- February 22, 2010
Boehringer Ingelheim Pharmaceuticals, Inc., today announced that the U.S. Food and Drug Administration has approved Mirapex ER® extended-release tablets, a new once-daily treatment option for the signs and symptoms of early ... Read More
Novartis gets US approval for Meningitis vaccine
- February 22, 2010
Swiss drugmaker Novartis AG said Monday that its meningitis vaccine Menveo has been approved for use in teenagers and adults by the U.S. Food and Drug Administration. Menveo is a vaccine ... Read More
Iron Mountain buys Mimosa Systems
- February 22, 2010
Iron Mountain said Monday that it is picking up Mimosa Systems in a deal worth $112 million. Mimosa specializes in enterprise content archiving systems. Iron Mountain focuses on data archiving, e-discovery ... Read More
American Railcar in high-speed venture
- February 19, 2010
Billionaire investor Carl Icahn is backing a startup company that would build trains to run on President Barack Obama’s high-speed rail network, challenging international manufacturers that dominate the market, the company ... Read More
Peabody signs coal-to-gas agreement
- February 19, 2010
Peabody Energy Corp. said today that it has signed an agreement with Cambridge, Mass.-based GreatPoint Energy to develop plants that would convert coal to synthetic gas and hydrogen. The number of ... Read More
Viasystems buys Merix
- February 18, 2010
Viasystems Group Inc. says it has completed its purchase of Merix Corp. in a deal that gives St. Louis one more publicly-traded company. Viasystems, based in Clayton, was privately held. Beaverton, ... Read More
KCI ranks first, STL tenth for customer satisfaction
- February 18, 2010
J.D. Power and Associates rated KCI as the top medium-sized airport in its 2010 North America Satisfaction Study, released Thursday. Lambert-St. Louis International ranked as the 10th best medium-sized airport. J.D. ... Read More
Small reactor powers nuclear industry
- February 18, 2010
A new type of nuclear reactor—smaller than a rail car and one tenth the cost of a big plant—is emerging as a contender to reshape the nation’s resurgent nuclear power industry. ... Read More