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Industry Insight provides news relating to Missouri's targeted industries and economic development, updated daily.

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Published: 3/10/2010 | Category: Life Sciences

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.   Read More...

Published: 3/10/2010 | Category: Energy

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.   Read More...

Published: 3/10/2010 | Category: Automotive

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.   Read More...

Published: 3/10/2010 | Category: Aerospace/Defense

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, drone planes that will act as targets for newly developed weapons.   Read More...

Published: 3/10/2010 | Category: Information Technology

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.   Read More...

Published: 3/10/2010 | Category: Life Sciences

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, including for treatments for multiple sclerosis.   Read More...

Published: 3/9/2010 | Category: Aerospace/Defense

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 be able to loiter at high altitudes for up to four days.   Read More...

Published: 3/9/2010 | Category: Economic Development

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 into its Town and Country headquarters.   Read More...

Published: 3/9/2010 | Category: Aerospace/Defense

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.   Read More...

Published: 3/9/2010 | Category: Life Sciences

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.   Read More...

Published: 3/9/2010 | Category: Manufacturing

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 the same purpose.   Read More...

Published: 3/8/2010 | Category: Finance

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.   Read More...

Published: 3/8/2010 | Category: Energy

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...

Published: 3/5/2010 | Category: Energy

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.   Read More...

Published: 3/4/2010 | Category: Economic Development

DuPont, a rival of Monsanto Co., plans to build a $55 million soybean seed production facility in Missouri’s bootheel.   Read More...

Published: 3/4/2010 | Category: Energy

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 Energy Laboratory (NREL) and they mark the first comprehensive state-level assessment of the onshore wind resource potential since 1993.   Read More...

Published: 3/3/2010 | Category: Life Sciences

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

Published: 3/3/2010 | Category: Manufacturing

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.   Read More...

Published: 3/3/2010 | Category: Information Technology

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 capacity ramps up.   Read More...

Published: 3/1/2010 | Category: Life Sciences

Specialty drug and medical device maker Baxter International Inc. said Monday it will spend up to $330 million to acquire ApaTech, a privately held British concern that makes bone and soft tissue replacement material using biochemistry.   Read More...

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