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06.25.2008 9:51 am
St. Louis Post-Dispatch

Metro St. Louis lost 9,000 jobs between May 2007 and May 2008, according to the Bureau of Labor Statistics. It’s the third straight month that St. Louis has posted a negative number, and it’s our biggest year-over-year decline in more than…

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06.24.2008 3:53 pm
St. Louis Post-Dispatch

Renato Cataldo, chief executive of photography company CPI Corp., got a far smaller bonus in fiscal 2007 than in 2006, the company’s proxy statement shows.

Cataldo’s total pay was $451,611 last year, down 22 percent from the previous year, according…

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06.24.2008 2:49 pm
St. Louis Post-Dispatch

Looks like Boeing has joined the many companies who are de-emphasizing traditional pensions in favor of 401k plans. A company news release says that nonunion workers hired after Jan. 1, 2009, will join a new defined-contribution savings plan. Boeing will seed…

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06.24.2008 2:09 pm
St. Louis Post-Dispatch

Everyone seems to believe that Mexico’s Grupo Modelo will play a pivotal role in the outcome of InBev’s attempt to buy Anheuser-Busch. As such, speculation ran rampant when Modelo’s CEO left the A-B board last week. Was he having trouble…

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06.23.2008 11:42 am
St. Louis Post-Dispatch

We’ve already seen the promise of “free” gasoline being used to sell cars and concert tickets. Now McBride & Son, a prominent St. Louis home builder, is offering gasoline vouchers of $3,000 to $6,000 with the purchase of a new home.…

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06.19.2008 6:05 pm
St. Louis Post-Dispatch

The Milken Institute has just updated its State Technology and Science Index, and neither Missouri or Illinois has seen much movement since the last ranking four years ago. Missouri ranks 30th among the states, up from 31st in 2004. Illinois’ ranking…

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06.19.2008 2:12 pm
St. Louis Post-Dispatch

St. Louis Mayor Francis Slay says he had a “cordial and clear” phone conversation today with InBev Chief Executive Carlos Brito. The “clear” part was his opposition to InBev’s bid for Anheuser-Busch:

InBev has promised to keep the North American headquarters in St.…

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06.18.2008 11:04 am
St. Louis Post-Dispatch

The organizers of SaveAB.com, whose previous efforts to stop a certain brewery merger consisted mostly of posting an online petition and wrapping themselves in the flag, posted a statement yesterday that criticizes a member of InBev’s board.

The director,  Jean-Luc Dehaene,…

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06.17.2008 9:37 am
St. Louis Post-Dispatch

Anheuser-Busch  isn’t the only big brewer that’s a takeover target at the moment, Bloomberg reports today. It cites an analyst’s report that says SABMiller may be bought and split up within three years.

The analyst is Gerard Rijk of ING…

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06.17.2008 9:14 am
St. Louis Post-Dispatch

Warren BuffetIn the drama surrounding InBev’s attempt to buy Anheuser-Busch,Warren Buffett is the $2.3 billion man. That’s the value of his 4.9 percent stake in A-B, assuming InBev’s $65-a-share offer goes through.

Naturally, everybody is scrambling to find out whether he favors…

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