Business News

3M quarterly profit climbs 80%; lifts outlook

Dow component and economic bellwether 3M Co. said Tuesday its first-quarter profit rose 80% on surging demand for electronics for autos and health-care products, boosting its full-year outlook. Results of the ... Read More

DuPont’s quarterly profit more than doubles

Chemical maker DuPont Co. continued its turnaround with a strong first quarter performance as business improved across all operating units and market regions. The company also increased its full-year earnings guidance ... Read More

First Solar to acquire NextLight for $245M

Solar-panel manufacturer First Solar announced Wednesday it has signed a definitive agreement to purchase solar-project developer NextLight Renewable Power for approximately $285 million. Subject to acquisition closing adjustments, the deal is ... Read More

Missouri Biotech Featured in fDi Magazine

Missouri has established itself as a leader in life sciences and biotechnology – boasting of the world’s leading R&D centres in this field, writes Karen E Thuermer. Located in the US’s ... Read More

Caterpillar sees surge in orders overseas

Caterpillar Inc., the world’s largest maker of construction and mining equipment, said Monday that it was ramping up production as the global economic recovery spurred demand for its heavy equipment, especially ... Read More

Ford posts profit, raises outlook

Ford Motor Co. on Tuesday reported a $2.1 billion first-quarter profit, said it will deliver a “solid profit” for the year and boosted its second-quarter North America production by another 30,000 ... Read More

Spartech picks Maryland Heights for new technology center

Spartech Corp. said Monday it picked Maryland Heights as the location of its new technology and innovation center. The new Technology and Innovation Center, a 90,000-square-foot facility at 11650 Lakeside Crossing ... Read More

St. Louis University gets $5M for new sustainability center

Saint Louis University today announced a $5 million grant from the Alberici Foundation to establish the new Center for Sustainability — a first for the nation’s 28 Jesuit colleges and universities. ... Read More

Fori expects $100M with boost from aerospace, defense

Fori Automation Inc. could see revenue hit the $100 million mark this year as efforts to diversify into the aerospace and defense industries continue to gain traction. The Shelby Township-based designer ... Read More

President Obama to visit POET plant

President Barack Obama will visit POET Biorefining – Macon, Mo. on Wednesday, April 28, as part of his “White House to Main Street Tour” through Missouri, Iowa and Illinois, the White ... Read More