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Issue
#285 - May 18, 2012
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Boeing:
More Defense Business Coming From Overseas (St. Louis
Post-Dispatch, 05/15/12)
With defense spending in the U.S. tight, Boeing Co. is aiming
to get 30 percent of its defense revenue from overseas,
the company's CEO said today. Besides making commercial
airplanes, Boeing is a major defense contractor. Last year
it won the bidding to build a new Air Force tanker based
on its 767 commercial plane. It also makes fighter jets
and satellites. Boeing CEO Jim McNerney said about 17 percent
of Boeing's defense revenue came from overseas customers
in 2010. That grew to 24 percent last year, and can hit
30 percent "in the near future." McNerney's comments came
at the company's annual investor day. click
for more
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St.
Louis Adds 2,900 Jobs During Past Year (St. Louis Business
Journal, 05/17/12)
The St. Louis metropolitan area added 2,900 nonfarm jobs from
March 2011 to March 2012, an increase of 0.23 percent. The
St. Louis area employed 1.3 million people as of March this
year. The metro area's small percentage growth in the past
year ranks it 85th of the 100 largest metro areas, according
to an On Numbers analysis of the latest figures from the U.S.
Bureau of Labor Statistics. click
for more
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U.S.
Economy Picks Up After Early Spring Slump (St. Louis Post-Dispatch,
05/16/12)
Maybe the U.S. economy's strength this winter wasn't just
weather-related after all. Home construction is near a three-year
high. And factory output has risen in three of the year's
first four months. The data released Wednesday suggest growth
in the April-June quarter is off to a good start, helped by
falling gas prices and solid hiring gains. Fears of a spring
slump are easing. click
for more
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St.
Louis Ranks Among Most Well-Read Cities In U.S., Says Amazon
(KSDK, 05/15/12)
The Gateway to the West is also a gateway to reading. Kicking
off the summer reading season, Amazon.com released the results
of its Most Well-Read Cities survey on Tuesday, and St. Louis
was one of three Midwestern cities to rank among the top 20.
click
for more
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St.
Louis Is A Great Destination (Tulsa Beacon, 05/17/12)
For the second time in two weeks I find myself in St. Louis,
and it really is one of my favorite cities to visit. Considering
I've been to 43 states and most of the major cities in the
United States, St. Louis ranks among my Top Five. What criteria
go into my Top Five ranking? I'm not real sure honestly, this
thought just occurred to me, but having major league sports
franchises in town would be one main factor. click
for more
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Former
JCPenney Outlet Store Continues To Be Shining Star For Jamestown
Mall (St. Louis Post-Dispatch, 05/12/12)
One of the last vestiges of hope for Jamestown Mall has been
its JCPenney outlet store. While other retailers have deserted
the mall in droves, the 124,000 square-foot anchor store's
presence - and success -- has been something that the mall's
proponents have hung onto as proof of the area's potential.
(A Macy's is also still open at the mall.) In January of last
year, J.C. Penney Co. announced it was exiting the outlet
business. At the time, it sounded like a possible death knell
for Jamestown Mall. click
for more
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Monsanto
Commits $50 Million To African Agricultural Growth (St.
Louis Business Journal, 05/18/12)
Monsanto Co. said today the company is committing $50 million
over the next 10 years to support sustained Africa agricultural
development and growth. The company is supporting the New
Vision for Agriculture Initiative, the Grow Africa Partnership
and the G8's New Alliance for Food Security and Nutrition.
Creve Coeur-based seed company Monsanto (NYSE: MON), led by
Chairman, President and CEO Hugh Grant, reported a $1.6 billion
profit on sales of $11.8 billion in fiscal 2011. click
for more
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Wash
U Receives $8.3 Million To Treat Malnutrition In Children
(St. Louis Buisness Journal, 05/14/12)
Washington University School of Medicine received a $8.3
million grant from the Bill & Melinda Gates Foundation.
The funds will go toward finding new ways to diagnose, treat
and prevent malnutrition in infants and children. click
for more
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SLIDESHOW:
An In-Depth Look Inside SLU's Law Building (St. Louis
Business Journal, 05/11/12)
Saint Louis University first announced its law school move
downtown in January. So far, the Lawrence Group, the architect
and designer for the law school, said it has finished the
planning stages of the project and is now working on drawings.
Michael Schnaare, principal at the Lawrence Group and leader
on the project, said they wanted to amplify the surrounding
location, particularly the building's proximity to the civil
courthouse. To do that, the company will incorporate more
glass into the design and use an open floor plan. click
for more
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Missouri
Lawmakers Approve Expanding Charter Schools (KMOX,
05/15/12)
The Missouri House sent the governor a measure that would
expand where independent charter schools can operate and who
can sponsor them. Charter schools receive some public school
funds, but operate independently of many of the regulations
governing public schools. Currently, charter schools are limited
to St. Louis and Kansas City. click
for more
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New
Missouri Initiative Looks To Create Buzz About Bees (St.
Louis Public Radio, 05/11/12)
The Saint Louis Zoo's Ed Spevak found this blueberry bee at
the Missouri Botanical Garden on March 25. It is the first
blueberry bee recorded in Saint Louis since the 1930s. The
Missouri Department of Agriculture is launching a new initiative
to try to create some buzz about bees. Agriculture Director
Jon Hagler says "The Great Missouri Buzz Off" aims to educate
Missourians about bees and beekeeping. click
for more
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BNSF
To Invest $130 Million To Improve Rail Capacity In Mo. (St.
Louis Business Journal, 05/15/12)
Officials from BNSF Railway Co. said today the company plans
to invest an estimated $130 million on maintenance and rail
capacity improvement projects in Missouri this year. BNSF
said it plans to continue its track maintenance program in
Missouri, which will include 1,507 miles of track surfacing
and undercutting work, the replacement of 103 miles of rail
and about 122,000 ties, and significant signal upgrades for
federally mandated positive train control (PTC), technology
to prevent train-to-train collisions. click
for more
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Hedge
Fund Jana Ups Stake In Energizer (St. Louis Post-Dispatch,
05/15/12)
New York-based hedge fund Jana Partners increased its holdings
in Energizer Holdings Inc., the Town and Country-based maker
of shaving products and batteries, Bloomberg News reports.
Jana increased its stake in Energizer by 777,500 shares during
the first quarter, bringing the fund's accumulated holdings
to 1.78 million Energizer shares, according to Bloomberg stock
ownership data. click
for more
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SLU
Hospital To Break Ground On $3 Million Bone Marrow Transplant
Center (St. Louis Business Journal, 05/16/12)
Saint Louis University Hospital will break ground this week
on an approximately $3 million, 9,000-square-foot outpatient
bone marrow transplant center, according to Alex Lovshin,
director of special projects at Saint Louis University Hospital.
The center, the first outpatient bone marrow transplant center
in the region, will be located within the Saint Louis University
Cancer Center on the main hospital's campus in a space previously
used as an operating suite by Bethesda Health Group. click
for more
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David
Robertson To Lead Sydney Symphony (The New York Times,
05/14/12)
David Robertson, the music director of the St. Louis Symphony,
has taken on a position on the other side of the world, becoming
artistic director and chief conductor of the Sydney Symphony
in Australia starting in 2014. Mr. Robertson will succeed
Vladimir Ashkenazy as the orchestra's leader. His contract
in Sydney runs through 2018. Mr. Robertson, who first appeared
as a guest conductor in Sydney in 2003, assumed his post in
St. Louis in 2005, when he also became principal guest conductor
of the BBC Symphony Orchestra. click
for more
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Fourth
St. Louis Indian International Dance Festival 2012 Concludes
(India West, 05/15/12)
Should one stick to tradition or should they adopt new practices
which yield new tradition? This is a challenging question
for the current generation of Indian classical dancers. The
purists argue about keeping the structure as is, while experimentalists
argue that they should build new experiments using old relics
or with new objects. One thought is like that of a museum,
which holds artifacts, and the other is like new modern architecture.
The existence of Indian classical dance in the United States
owing to the immigrant NRI population was put to question
at the fourth St. Louis Indian Dance Festival, which provides
a platform to mostly U.S.-based Indian classical dancers.
Issues related to pedagogy of Indian classical dances and
their presentation in the western nation, like the United
States, were raised at this year's festival. click
for more
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Wainwright
Building Included In A National PBS Program (St. Louis
Post-Dispatch, 05/14/12)
Six, seven and, finally, eight times, Geoffrey Baer walked
across the lobby of the Wainwright Building until the director
got the camera shot he wanted for a future public broadcasting
program. "10 Buildings that Changed America," scheduled to
air early next year, will include the Wainwright, in downtown
St. Louis, and nine other buildings. The buildings span 215
years of American architecture, from the Virginia State Capitol,
designed by Thomas Jefferson, to Frank Gehry's steel-clad
Disney Concert Hall in Los Angeles. click
for more
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St.
Louis To Hold Arts Experience (Canton Daily Ledger,
05/16/12)
This fall, American artists across a wide variety of mediums
will take the stage in St. Louis as they participate in the
third annual American Arts Experience-St. Louis, a 17-day
festival showcasing national and local talent. The festival
will take place October 5 through October 21, 2012 throughout
St. Louis. click
for more
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Supporters
Unveil $43 Million Loop Trolley Plan (KTVI, 05/16/12)
They vanished from the St. Louis scene nearly 50 years ago.
Now, streetcars may be coming back as early as next year;
with groundbreaking before the end of 2012. Supporters unveiled
the $43 million Loop Trolley Plan to a crowd of about 100
people at the University City Library, Wednesday night. One
critic called the plan "the streetcar of no desire". click
for more
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Monsanto
Funds University Communications Chair (St. Louis Post-Dispatch,
05/13/12)
For years, Creve Coeur-based biotechnology and seed giant
Monsanto Co. has funded universities and academic research
through scholarships and gifts. In the past two years, the
company has notably boosted its outreach efforts, running
rural charity programs, posting billboards throughout farm
country and even running contests for "Farm Mom of the Year."
click
for more
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Enterprise
Buys East Coast Car Sharing Business (St. Louis Post-Dispatch,
05/17/12)
Enterprise Holdings has acquired Mint Cars On-Demand, a car
sharing business with more than 8,000 members in New York
and Boston. Financial terms for the acquisition, which closed
today, were not disclosed. click
for more
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Sigma-Aldrich
Gets New $600 Million Credit Deal (St. Louis Post-Dispatch,
05/17/12)
Sigma-Aldrich Corp. has announced a new $600 million revolving
credit facility. The agreement, which will mature in May 2017,
replaces a $450 facility that was scheduled to mature in December.
The new facility "will provide back-up liquidity for the commercial
paper program and be used for general corporate purposes,"
the St. Louis-based maker of biochemicals said Tuesday in
a press release. Wells Fargo Securities was among the co-lead
arrangers for the credit deal. click
for more
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SLU
To Open Center For Outpatient Bone Marrow Transplants (St.
Louis Post-Dispatch, 05/16/12)
St. Louis University Hospital plans to soon open one of the
first outpatient bone marrow transplant centers in the region.
The center, to be located within the hospital's cancer center,
is designed to provide the patient with the option to receive
their bone marrow transplant predominantly in an outpatient
setting. The new outpatient center will be led by Dr. Friedrich
Schuening, director if the Division of Hematology and Oncology
at the SLU's Cancer Center. click
for more
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Urban
League President James Buford To Retire Next Year (St.
Louis Post-Dispatch, 05/17/12)
James Buford, who has been president and CEO of the Urban
League of Metropolitan St. Louis for 27 years, will retire
in the middle of 2013, he said today at a meeting of the league's
board of directors. Board Chair Debra Denham will appoint
a search committee to seek local and national candidates to
fill Buford's position. click
for more
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Federal
Jobs Are 15 Percent Of St. Louis Government Workforce (St.
Louis Business Journals, 05/16/12)
Employees of federal agencies, departments and services account
for 15 percent of the total government workforce in St. Louis,
according to an On Numbers study of the latest data from the
U.S. Bureau of Labor Statistics. As of March this year, 26,100
of the 170,200 government jobs in St. Louis were held by employees
of the federal government. That put the city 25th on a ranking
of the top 100 markets' federal share of the government workforce.
click
for more
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Garden
Partnership Brings Forth The 'Flora Of China' (St. Louis
Beacon, 05/18/12)
Visitors to Missouri Botanical Garden these days are greeted
by an enormous yellow dragon lantern that stretches down
the entrance to Ridgway Visitor Center. It is easy to deduce
that this creature is part of the upcoming Lantern Festival
to be launched Memorial Day weekend. click
for more
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