Business News

Caterpillar may bring some Japanese production back to U.S.

Caterpillar Inc. said March 11 it is considering the construction of a new hydraulic excavator plant in the United States that could result in the transfer of some production from Japan. ... Read More

Abbott to buy Facet Biotech

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, ... Read More

Cisco unveils system for super-fast internet

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. The leader in networking ... Read More

Boeing wins $69M Air Force contract

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, ... Read More

Smith Electric Vehicles U.S. makes offer to buy British counterpart

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. The Kansas City-based ... Read More

Kansas City Power & Light, St. Joseph power plant will turn methane into 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. The utility ... Read More

Washington University gets $14M in stimulus for genomic data center

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. The project is ... Read More

IBM, Stanford develop new plastic recycling method

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 ... Read More

Merck, Sanofi merge animal medicine units

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. Merck & Co. ... Read More

3M to buy Canadian aerospace products company

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. MTI said the acquisition price is ... Read More