Business News

Northern Trust plans to expand, mulls acquisitions

Financial services company Northern Trust Corp. is actively planning to expand and is considering acquisitions, executives said on Wednesday. The executives, speaking at the company’s investor day in New York, said ... Read More

Magna plans electric-car battery plants in U.S., EU

Magna International Inc., Canada’s biggest auto-parts maker, plans to invest as much as $600 million (U.S.) on new plants for making lithium-ion batteries for electric vehicles. “We currently are scouting out ... Read More

Novus makes 2 acquisitions

Novus International Inc. said Tuesday it acquired several food and feed pigment and ingredient companies in Spain and Mexico for an undisclosed amount. The purchases increase the company’s size and reach ... Read More

Study: almost 5 million charging stations by 2015

Drivers who buy electric cars will need a quick, convenient place to recharge their batteries. And the industry is ramping up to fill that need, says a report released Tuesday by ... Read More

MEMC Electronic Materials buying Solaicx

MEMC Electronic Materials Inc., based in O’Fallon, Mo., announced today it has reached agreement to acquire privately held Solaicx for at least $66 million. Solaicx, which is headquartered in Santa Clara, ... Read More

U of Mo. is a top CEO alma mater

The University of Missouri is among the top 10 undergraduate schools that produced the most chief executives among S&P 500 companies. According to this week’s issue of Bloomberg Businessweek, 11 graduates ... Read More

Boeing discount wins jetmaker $5.4 billion Navy Super Hornet contract

Boeing Co. won a long-sought decision by the Navy to keep buying its F/A-18 Super Hornet for several years after the company knocked 10% off the fighter jet’s price, saving the ... Read More

Astellas Pharma buys OSI for $4 billion

Astellas Pharma Inc., Japan’s No. 2 drug maker, said Monday it will buy U.S. cancer drug company OSI Pharmaceuticals Inc. for $4 billion in cash in a bid to expand its ... Read More

Pfizer, WashU strike deal on research pact

Two of St. Louis’ major powerhouses announced a unique partnership today whose purpose is to discover new uses for existing drugs and to accelerate the development of scientific knowledge about human ... Read More

Gov. Nixon announces creation of 800 new high-tech jobs in Columbia

Gov. Jay Nixon today took part in the official announcement that global technology innovator IBM will locate a new services delivery center in Columbia, a project that will create 800 new ... Read More