Business News

Chicago-St. Louis high-speed rail gets stimulus funding

Illinois scored more than $1.2 billion of the $8 billion in federal high-speed rail stimulus grants to be announced Thursday, enough to cut the Chicago-to-St. Louis travel time by nearly 25% ... Read More

Smith Electric Vehicles can supply electric vehicles to federal agencies, military

Smith Electric Vehicles U.S. Corp. said Wednesday that its Smith Newton vehicle has been approved for purchase by federal agencies and the military, the only all-electric medium/heavy duty truck with the ... Read More

Obama to announce high-speed rail plan post-speech

A day after delivering a State of the Union address aimed at showing recession-weary Americans he understands their struggles, President Barack Obama intends to award $8 billion in stimulus funds to ... Read More

F-35 to dominate future fighter market

During the past decade, world fighter production totaled only around 2,500 units, but over the next 10 years, annual deliveries are set to rise. Unlike the 1970s and 1980s, when large ... Read More

Wind power grew 39% last year

Despite a crippling recession and tight credit markets, the American wind power industry grew at a blistering pace in 2009, adding 39 percent more capacity. The country is close to the ... Read More

GM to invest $246 million in electric motors

General Motors announced plans on January 26 to design and manufacture electric motors, saying the first were scheduled to debut in 2013 in a next generation, rear wheel drive hybrid vehicle. ... Read More

Corning profit soars on TV glass demand

Corning Inc. said Tuesday its profit almost tripled in the fourth quarter on surging sales of glass for flat-screen televisions and computers. The world’s largest maker of liquid-crystal-display glass, accounting for ... Read More

Akermin raises $10M

Akermin Inc. said Tuesday it raised $10 million in its Series B financing round and will use the new funds to develop and bring to market its carbon-capture system for power ... Read More

Medtronic to buy stent maker Invatec

Medtronic said Monday that it will pay up to $500 million for Invatec, a company that makes medical devices to treat cardiovascular disease, The Associated Press reports. The medical technology company ... Read More

Union membership in Missouri decreased in 2009

Missouri’s union membership dropped from 11.2% in 2008 to 9.4% in 2009. Overall union membership in the United States was 12.3% in 2009, virtually unchanged from 12.4% in 2008. [Bureau of ... Read More