St. Louis Business News - Local St. Louis News | The St. Louis Business Journal

Kaiser Electric starts work on $21.7 million renovations at MU

Fri, 10 Feb 2012 20:44:15 +0000

Kaiser Electric started at the beginning of this month on a long-awaited project to renovate the 47-year-old Mark Twain residence hall and Mark Twain Market dining hall at the University of Missouri – Columbia. Fenton-based Kaiser Electric is providing the new electrical wiring, lighting, branch circuiting, data and communication service and fire alarm wiring on both projects. The general contractor is River City Construction in Ashland, Mo. The seven-story residence hall houses 395 students and will house 372 after the renovation is complete...

PHOTOS: 40 Under 40 event at the Chase Park Plaza

Fri, 10 Feb 2012 20:11:54 +0000

(image) It was a packed house last night at the Chase Park Plaza, as more than 500 people celebrated the St. Louis Business Journal’s 40 Under 40 class of 2012. The event, hosted by the Business Journal and sponsored by Northwestern Mutual and Webster University, showcased St. Louis’ all-stars in the workplace, in the community and at home. More than 450 nominations were submitted, praising the work of St. Louis’ best. Staying close to the sports theme, guests were greeted with a netted entrance and AstroTurf made to resemble a soccer goal...

McCarthy hiring for 60 new positions

Fri, 10 Feb 2012 18:16:10 +0000

(image) McCarthy Holdings Inc. is hiring for 60 new position this year, company officials said today. The company created more than 145 new jobs across the United States last year. St. Louis-based McCarthy Holding is the parent company to McCarthy Building Companies Inc. and MC Industrial Inc. Led by President and COO Derek Glanvill, McCarthy Holdings Inc. had revenue of $2.4 billion in 2011.

OUTTAKES: February 10

Fri, 10 Feb 2012 18:13:01 +0000

(image) Welcome to OutTakes. Today we’re launching a photo-driven blog to showcase some of the pictures that didn’t make the paper. While on assignment this week, I got to tour Legacy Pharmaceutical Packaging’s operations in Earth City and see the latest toys at Imagination Toys in Ladue. I also stopped by the Westboro Baptist Church protest at Clayton High School. I’ve seen the WBC twice before and both those times the counter-protest crowd was outraged. The first time I saw them, in 1995 in Topeka, the mood was very, very ugly and if it hadn’t been for the intervention of the police it would have turned to violence...

Local boy makes good as scientist

Fri, 10 Feb 2012 18:08:29 +0000

(image) Matt Poelker, a Belleville native and a 1978 Althoff Catholic High grad, was named a 2011 Ernest O. Lawrence award winner for his work at the Thomas Jefferson National Accelerator Facility in Newport News, Va. Specifically, his award was in the high energy and nuclear physics category, and, believe me, it gets more complicated from there. The announcement from U.S. Secretary of Energy Stephen Chu said Poelker was honored “for leading a transformative effort to achieve production of electron beams possessing remarkable properties advancing parity-violation and polarization-transfer experiments now yielding key information on nucleon quark-gluon structure...

Clayton Century Foundation pledges $400,000 for Shaw Park sculpture

Fri, 10 Feb 2012 17:38:37 +0000

Officials from Clayton Century Foundation said today that they pledged $400,000 to fund a commissioned sculpture for Shaw Park’s Century Garden. The gift will fund the creation and installation of a permanent sculpture by prominent contemporary artist James Surls of Carbondale, Colo. The sculpture, “Molecular Bloom with Single Flower” will be made of steel and bronze and will be placed on a plinth to tower more than 25 feet above the garden. A panel chose Surls from a group of four finalists from a pool of national and international artists...

KV Pharmaceutical’s Q4 loss more than 7 times revenue

Fri, 10 Feb 2012 17:16:59 +0000

(image) KV Pharmaceutical Co. had a loss of $37.8 million on revenue of $5.1 million during the quarter ended Dec. 31, according to a company filing Thursday with the Securities and Exchange Commission. The loss was less than the $47.8 million the company lost on $3.5 million in revenue during the same quarter in 2010. According to the SEC filing, there is substantial doubt about the company’s ability to continue as a going concern, and the company expects losses to continue. Company management listed in the filing seven reasons for the substantial doubt, including the ability to address Food and Drug Administration (FDA) action in regard to Makena drug exclusivity, the ability to obtain sufficient revenue from sales of Makena, the potential outcome of litigation and the ability to comply with debt covenants...

SLIDESHOW: Inside the vault at Mercantile Library

Fri, 10 Feb 2012 16:35:52 +0000

(image) John Hoover, director of the St. Louis Mercantile Library, opened the vault, so to speak, so we could have a look at some of the library’s treasures after our photo shoot of him for this week’s St. Louis Character. Click the photo on the right to view items stored in the library's collection. Some of the collections date back to before the Civil War. They include everything John James Audubon’s “Birds of America” series valued in the millions of dollars to archives of companies long out of business to paintings, maps and models of trains and riverboats...

Oglala Sioux Tribe sues Anheuser-Busch InBev

Fri, 10 Feb 2012 13:23:51 +0000

A South Dakota Native American tribe that claims liquor sales devastated their population is suing Anheuser-Busch InBev, four other beer companies and two liquor stores, KMOX reports.

Arch Coal's Q4 profit jumps 48%

Fri, 10 Feb 2012 13:22:09 +0000

(image) Arch Coal Inc. reported today that its fourth-quarter profit rose 48 percent to $70.9 million, on revenue that jumped 47 percent to $1.2 billion. The company said "significantly" higher sales prices and its $3.4 billion acquisition of International Coal Group contributed to the results. In the fourth quarter of 2010, the coal company had reported a profit of $47.8 million on revenue of $835.4 million. For the full year 2011, Arch reported that its profit fell nearly 11 percent to $141.7 million compared with its 2010 profit of $158...

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