Abbott Laboratories is spinning off its branded drug business and will become two separate medical companies, the Chicago Tribune reports. The spinoff will exclusively sell Abbott's branded pharmaceuticals. Abbott CEO Miles White will continue to lead the rest of the medical device company. ... Read More
The Donald Danforth Plant Science Center said today it won a $5.5 million grant from the U.S. Department of Energy to develop the oilseed plant camelina as a sustainable source of biofuel and an alternative to oil. Investigators at the Danforth Center’s Enterprise Rent-A-Car Institute for Renewable Fuels will work to develop an enhanced variety of camelina that produces more oil per acre. ... Read More
Climate scientists and their billionaire backers, like Bill Gates, are trying to turn down the global thermostat – and make money doing it. Lately another approach to cooling the planet, with ... Read More
Cerner Corp. has agreed to buy Clairvia Inc., a North Carolina company whose software helps health care organizations coordinate staffing, the Kansas City Business Journal reports. Cerner, a health care technology company based in North Kansas City, said the purchase of Clairvia should close in October. ... Read More
Solutia Inc. said today it will buy Southwall Technologies Inc., which makes films and glass products for automotive, electronic and architectural markets, including screens for smartphones and e-readers, for $113 million. The deal to acquire Palo Alto, Calif.-based Southwall for $13.60 per share of Southwall common stock will be funded by Solutia from existing cash on hand, the St. Louis-based company said. ... Read More
A northern Missouri college of osteopathic medicine has approved a $26 million bond issue to build a dental school. A.T. Still University of Health Sciences said that its board of trustees ... Read More
The Department of Defense awarded a contract worth up to $11.7 billion to Boeing for support and maintenance of its C-17 aircraft to the U.S. military and global allies, the St. Louis Business Journal reports. Boeing's defense unit, which builds the C-17, is based in St. Louis. ... Read More
A city official said last week that when a project to install 12 acres’ worth of solar panels in Columbia is complete, the city could become a leading community in the ... Read More
Missouri’s report card doesn’t look too bad. The U.S. Department of Education’s State of the States in Education report shows 83 percent of high school students are graduating, well above the ... Read More
Nationwide Mutual Insurance Co said it will acquire Harleysville Group for about $760 million to expand its reach in commercial insurance lines of business and add capacity on the U.S. East ... Read More