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Olin Corp. launches $1B stock buyback program

3 years 4 months ago
Olin Corp., the Clayton-based manufacturer and distributor of chemicals and ammunition, said Monday that its board approved a new $1 billion share repurchase program to increase the value of its stock. The new 2021 Share Repurchase Program calls for the company to buy back shares of Olin's common stock periodically, on the open market or in privately negotiated transactions. The program has no time limit, and purchases depend on factors including Olin's market price and general market and economic…
Diana Barr

St. Louis Board of Aldermen releases first draft of ward redistricting

3 years 4 months ago
The St. Louis Board of Aldermen unveiled the first draft of a new district map, another step in reducing the number of aldermen in the city from 28 to 14. Over the next two months, the Legislation Committee of the Board of Aldermen will hold public meetings to create a new, 14-ward map based on the 2020 Census. In order to make sure the changes are drawn in an equitable and legal way, the board is asking for public input at those meetings. The process, according to the city's website, is as follows:…
Sam Clancy, KSDK

St. Louis says more than 75% of city employees fully vaccinated, including police and fire departments

3 years 4 months ago
More than 75% of St. Louis city employees are fully vaccinated against Covid-19, according to a press release from the mayor's office Monday. The press release from Mayor Tishaura Jones' office said the data was collected by the city's health department and included civil service employees, the St. Louis Metropolitan Police Department and the St. Louis Fire Department. According to the press release, 76.4% of civil service employees are vaccinated, 78% of the police department is vaccinated and…
Sam Clancy, KSDK

St. Louis-based distiller plans $4M expansion at its Kentucky operations

3 years 4 months ago
A growing St. Louis-based distiller is planning a $4 million expansion in Bardstown, Kentucky. Lux Row Distillers, owned by St. Louis-based Luxco Inc., is expanding its 18,000-square-foot facility on 1 Lux Row in Bardstown. It will allow for 24-hour-a-day operation and help boost annual production by 75%, according to a news release. The company makes Ezra Brooks, Rebel, Daviess County, David Nicholson and Blood Oath bourbon brands. The completed project will have 10-barrel warehouses at capacity…
Eleanor Tolbert

Dierbergs says new St. Charles County store represents an 'evolution' of its brand. Here's what it looks like. (Photos)

3 years 4 months ago
Dierbergs Markets said it will reveal a new store layout Tuesday when it opens its new St. Charles County location. The 71,000-square-foot store, the chain's 26th in the St. Louis area, is located at the southwest corner of Ronald Reagan Drive and Orf Road in Lake St. Louis, adjacent to Lowes in the Shoppes of Hawk Ridge. Dierbergs broke ground on the project in December 2020. “It was an all-in effort to finish the project on time to open by November 2nd," Greg Dierberg, president and CEO of…
Diana Barr

From running your business to building it: How to create cash flow efficiencies that focus on growth

3 years 4 months ago
Running a business is riddled with must-do tasks that keep the company humming along day to day. But too often, these time-consuming tasks can distract you from focusing on more important things like growing your business. Some business owners are aware of this challenge, but many don’t realize the multitude of opportunities to create operational efficiencies that will free up two of their most valuable assets – time and capital. But, let’s face it, change can be hard. In fact, merely thinking…
Bill Forsythe

Drebes: Why Eric Greitens' unconventional Senate campaign just might work

3 years 4 months ago
Eric Greitens is not running a normal campaign for U.S. Senate.  He’s eschewing the events candidates normally flock to, and instead traveling to relatively out of the way places. In doing so, he’s re-writing the normal campaign strategy of meeting voters. For example, Greitens skipped “Lincoln Days” in Kansas City over the summer. This is the annual gathering of Republicans. The location rotates, but regardless of where it is in the state, every candidate shows up to talk to the Republican…
Dave Drebes

St. Louis legal group plans to conduct video deposition of Stan Kroenke

3 years 4 months ago
Rams owner Stan Kroenke could have to answer some more questions in the ongoing lawsuit between St. Louis and the NFL regarding the Rams' move to Los Angeles. The St. Louis legal team has filed a notice in court saying they plan to conduct a video deposition of Stan Kroenke. He has already been deposed once before. The notice was filed Oct. 28. The planning for another deposition of Kroenke comes after the ESPN report from the recent NFL owners' meetings kicked off some new drama. The ESPN report…
Corey Miller, KSDK