Business News

A boost for light-duty trucks

Smith Electric Vehicles and Proton Power Systems have signed a memorandum of understanding to develop long-range electric service trucks. The partnership will allow Smith Electric to install Proton Power’s fuel cell ... Read More

Haemonetics Corporation to buy Global Med Technologies in $60M deal

Colorado’s Global Med Technologies Inc., a medical-information technology company, has agreed to be bought by Haemonetics Corp. in a deal worth $60 million for shareholders. Braintree, Mass.-based Haemonetics has offered to ... Read More

Cephalon to acquire Mepha AG

Cephalon, Inc. has signed an agreement to acquire Mepha AG and its subsidiaries for $590 million. The privately-held, Swiss-based Mepha is focused on innovative dosage formulations for both generic and branded ... Read More

Survey shows midwest economy growing

A January survey of business leaders in nine Midwest and Plains states suggests that the region’s economy is picking up steam. The Business Conditions Index for the Mid-America region made a ... Read More

Novozymes to launch ethanol product

Danish biotech company Novozymes will launch in the first quarter this year a new enzyme to produce transport fuel from agricultural waste, Chief Executive Steen Riisgaard told Reuters on Saturday. That ... Read More

Lithium batteries tapped for community storage

A smart-grid project in Ohio will test whether the electricity business will follow the history of computing, with storage moving from center to the edge of the network. Start-up International Battery ... Read More

Sikorsky to build unmanned black hawk

Sikorsky Aircraft Corp. is launching a $1 billion venture featuring a pilot-less Black Hawk helicopter as military demand rises for technology to fight two wars. The Stratford-based helicopter maker and military ... Read More

SLU to study smallpox vaccine in fight against bioterrorism

Saint Louis University scientists plan to study the most effective way to administer an investigational vaccine for smallpox as part of efforts to protect Americans from a bioterrorism attack. Up to ... Read More

KC lands Jet Midwest at overhaul base

The Kansas City Council on Thursday approved the Kansas City, Kan., aircraft company’s plan to move into Kansas City International Airport’s overhaul base on March 1. The long-term leases for Jet ... Read More

Noranda Aluminum, Inc. to receive $2.5 million in development tax credits

The Missouri Department of Economic Development (DED) has approved $2.5 million in Development Tax Credits for the expansion project of Noranda Aluminum, Inc. The credits will be authorized at the 50 ... Read More