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Nippon Steel said it was committed to its $14.9 billion deal to acquire U.S. Steel, hours after President Biden said he wanted the company to remain domestically owned.

UMB Bank reported $3.4 billion in local commercial loans outstanding as of Dec. 31, 2023, beating Northmarq Capital, Enterprise Bank & Trust and Commerce Bank for the top commercial lender spot. Local executive Peter Blumeyer says 2024 will be another strong year.

Nearly 200 nominations were submitted for the St. Louis Business Journal's annual Best Places to Work Awards program for 2024. The 83 companies identified here stand out as the finalists in this year's program.

Construction on a 22-story hotel at the site has been underway since 2019.

A state spending plan for fiscal 2025 delivered Thursday in the Missouri House cuts $2 billion from the proposal Gov. Mike Parson made in January, largely through adjustments for the depletion of pandemic-era federal funding and the decline in Medicaid enrollment. The proposal from House Budget Committee Chairman Cody Smith achieves those cuts despite several additions, including $727.5 million for major reconstruction projects along Interstate 44 in southwest Missouri. Smith presented his $50.7…

The acquisitions were part of a $180 million deal for eight shopping centers — two each in Missouri and Wisconsin, as well as four in Florida.

Decades had passed since we had seen each other, but his voice, that voice, from the first word was distinctly his.

The longtime "Donnybrook" panelist said the second district, represented by Ann Wagner, "needs somebody that has the energy and willingness to fight for the district."

Agriculture technology firm Benson Hill is proposing a reverse stock split in an effort to increase its stock price after falling below the minimum share price required by the New York Stock Exchange.

St. Louis has said it wants "thousands of new residents." Instead, large numbers keep leaving.

A new down payment assistance program for first-time homebuyers and new loans aimed at small businesses, nonprofits and minority- and women-owned contractors were announced Thursday by the city of St. Louis.

The Business Journal interview with Midwest BankCentre Chairman and CEO Orvin Kimbrough – focusing on his life beyond banking and economics – covered topics including his childhood, Christian faith and support of objective journalism in a media world awash with opinion.

President Joe Biden on Thursday came out with his strongest statement yet against the planned $14.9 billion acquisition of U.S. Steel by Nippon Steel.

The CEO's compensation increased to $25.1 million last year, including $24.8 million in income allocated to partners.

New U.S. Census Bureau estimates showing a shrinking St. Louis region that was bypassed by Charlotte and Orlando are "a concern, most certainly," Missouri Gov. Mike Parson said Thursday.

Stifel Financial Corp., the St. Louis-based financial services holding company, plans to expand its CD funding and risk management capabilities with an acquisition.

This is a tough time to be out fundraising. According to the recent KPMG Private Enterprise Venture Pulse report, VC investment in the U.S. fell in 2023. And it is expected to remain subdued in the first half of 2024 as venture capitalists continue to sharpen their due diligence and focus on sustaining their existing investments. Early-stage companies are finding it particularly tough to attract VC attention. Those private companies that are successfully raising from VC investors are doing so at…

The newly formed UFL, which includes the St. Louis Battlehawks, said Thursday its 2024 championship game will be played at The Dome at America’s Center in downtown St. Louis.

Struggling discount chain Family Dollar is set to close about 1,000 stores across the country. Dollar Tree, which owns Family Dollar, said it plans to close 600 Family Dollar locations in the first half of its fiscal 2024 and 370 Family Dollar stores over the next few years as store leases expire. Family Dollar has around 8,000 U.S. stores. The parent company also said it will close 30 Dollar Tree stores as leases expire. Dollar Tree CEO Rick Dreiling announced the plans Wednesday on a call…

United States Steel Corp. shares dropped more than 12% Wednesday in the hours after two British news outlets reported President Joe Biden would release a statement expressing concern about its $14.9 billion sale to Nippon Steel Corp.