Business News

Hefty parent Pactiv buys container-maker PWP

Hefty-brand trash bag maker Pactiv Corp. has bought a leading producer of disposable food containers, PWP Industries, for $200 million. Pactiv, a consumer packaging maker, said on Tuesday it expected the ... Read More

U.S. offers solar project a crucial loan guarantee

The United States Department of Energy offered a $1.37 billion loan guarantee on Monday to a California company planning to build a large-scale solar power plant in the Southern California desert. ... Read More

Kraft expansion to bring jobs to Missouri

The Springfield Area Chamber of Commerce says Kraft Foods Inc. plans to invest $9 million in two new manufacturing lines in the Springfield area. The company says the investment will bring ... Read More

Fuel cell vehicles to number 2.8 million by 2020

Sales of vehicles powered by fuel cells running on hydrogen will surge over the next 10 years, according to a report released Tuesday by Pike Research. By 2014 fuel cell vehicles ... Read More

IBM touts smarter buildings push

Big Blue announced Monday that it will team up with partners and customers to venture into the next phase of its Smarter Planet initiative: Smarter Buildings. The goal is to help ... Read More

Boeing lays off about 100 in St. Louis

Boeing Co. said on Friday that it sent layoff notices to more than 1,000 people, including nearly 100 in the St. Louis. Most of the layoffs were technology workers in Washington ... Read More

FDA approves Boehringer Ingelheim Corporation’s Mirapex for the treatment of Parkinson’s disease

Boehringer Ingelheim Pharmaceuticals, Inc., today announced that the U.S. Food and Drug Administration has approved Mirapex ER® extended-release tablets, a new once-daily treatment option for the signs and symptoms of early ... Read More

Novartis gets US approval for Meningitis vaccine

Swiss drugmaker Novartis AG said Monday that its meningitis vaccine Menveo has been approved for use in teenagers and adults by the U.S. Food and Drug Administration. Menveo is a vaccine ... Read More

Iron Mountain buys Mimosa Systems

Iron Mountain said Monday that it is picking up Mimosa Systems in a deal worth $112 million. Mimosa specializes in enterprise content archiving systems. Iron Mountain focuses on data archiving, e-discovery ... Read More

American Railcar in high-speed venture

Billionaire investor Carl Icahn is backing a startup company that would build trains to run on President Barack Obama’s high-speed rail network, challenging international manufacturers that dominate the market, the company ... Read More