Business News

LMI Aerospace to spend $4.3 million, add 100 jobs at St. Charles plant

LMI Aerospace Inc. plans to spend $4.3 million over the next five years to expand its corporate headquarters and manufacturing facilities in St. Charles and add 100 jobs to the existing ... Read More

St. Louis data center XIOLINK uses 55 percent less power than average data center

Managed hosting and colocation company XIOLINK says it’s downtown data center, at 1111 Olive St., uses 55 percent less power to cool its facility than the average enterprise data center. Mike ... Read More

Kansas City Is Boosting Its Tech Startups With Launch KC

One of the best kept secrets of the Midwest is that Kansas City, Missouri is home to a thriving entrepreneurial community. But thanks to the launch of Google Fiber, Kansas City ... Read More

Columbia company hopes to fuel power plant with corn waste

Enginuity is stepping to the forefront in creating and marketing a new form of renewable energy, and they hope the Columbia Municipal Power Plant will be their proving ground. Enginuity is ... Read More

Honeywell to Buy Stake in Thomas Russell

Honeywell agreed to buy a 70% stake in Thomas Russell, a technology and equipment provider for natural gas processing and treating, for $525 million as the company looks to broaden its ... Read More

3M to Acquire Ceradyne

3M agreed to acquire advanced ceramics maker Ceradyne in a deal that values the company at $847 million, a move that will complement 3M’s businesses in transportation, energy markets and defense. ... Read More

Two startups Join the Helix Center Biotech Incubator as First Tenants

AeroValve, DealieDo join Helix Center Biotech Incubator Two startups are joining the Helix Center Biotech Incubator, St. Louis County’s newest $7.5 million early-stage business incubator that opened in June. AeroValve, an ... Read More

Rolla professors make advances in nanomaterials

Two researchers at the Missouri University of Science and Technology in Rolla, Mo., have published a study that could lead to advances in developing optical computers, sensors and lasers. The study, ... Read More

Mallinckrodt to buy CNS Therapeutics for $100 million

Hazelwood-based Mallinckrodt, the pharmaceuticals business of Covidien, announced a definitive agreement to acquire CNS Therapeutics Inc. for $100 million. St. Paul, Minn.-based CNS Therapeutics Inc. is a privately held specialty pharmaceutical ... Read More

Number of new jobs created in Missouri third best in nation in August

Missouri created more jobs during the month of August than all but two other states and had the best job creation performance of all Midwestern states, while the state’s percentage increase ... Read More