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Business News

Drug to aid MS patients wins approval

The Food and Drug Administration Friday approved a new drug from Acorda Therapeutics Inc. to improve walking in patients with multiple sclerosis. The Food and Drug Administration Friday approved a new ... Read More

LMI wins Mitsubishi jet deal

LMI Aerospace Inc. said Monday it won a long-term agreement with Mitsubishi Aircraft Corp. to design and build the tailcone section of the new Mitsubishi Regional Jet (MRJ) set to go ... Read More

GM, VW best positioned in emerging markets, study says

General Motors Co. and Volkswagen AG are best positioned in the largest and fastest-growing emerging markets at a time when auto sales in those countries could grow more than 40 percent ... Read More

Kerasotes sells theaters to Kansas City’s AMC

Kerasotes ShowPlace Theatres LLC announced Tuesday that it has agreed to sell all but three of its movie houses to AMC Entertainment Inc. of Kansas City. Providence Equity Partners, which became ... Read More

IBM profit up 9%; revenue rises

IBM Corp. said Tuesday that it managed a 9% increase in profit in the last quarter as its revenue grew for the first time in a year and a half. The ... Read More

Brazil opens world’s first ethanol-fired power plant

Brazil on Tuesday opened the world’s first ethanol-fueled power plant in an effort by the South American biofuels giant to increase the global use of ethanol and boost its clean power ... Read More

Germany proposes 15% cut in solar subsides

The German government is proposing a cut of 15% on the subsidies it gives solar-power providers, Environment Minister Norbert Roettgen said Wednesday, reflecting what the government deems the sector’s success, but ... Read More

Kraft Foods, Cadbury agree to $19.5 billion deal

After months of fierce resistance, Cadbury’s about-face to accept a sweetened 11.5 billion pound ($19.5 billion) takeover from Kraft Foods Inc. – forming the world’s biggest candy company – has alarmed ... Read More

Castle Harlan buys packaging companies for $200M

Private equity firm Castle Harlan Inc. said Monday it is buying plastic container maker Pretium Packaging LLC and rival PVC Container Corp. in deals valued at a combined $200 million. The ... Read More

Missouri ranks high among border states in doctorate degrees awarded

Among bordering states, Missouri ranks second only to Illinois in the number of doctorate degrees awarded in 2008, according to data from the National Science Foundation. Missouri universities awarded 880 doctorates ... Read More