An activist investor that for months has been calling for change at Southwest Airlines Co. is following through on its pledge to ask other shareholders whether they agree. The airline is the busiest carrier at St. Louis Lambert International Airport.
The St. Louis Post-Dispatch on Monday said it would shutter its Maryland Heights printing facility and lay off 72 workers there, just the latest cost-cutting measure as its Iowa parent continues to generate less revenue.
Hardware wholesaler True Value Co. LLC has filed for bankruptcy protection and plans to sell itself to a rival. The 4,500 retail stores it serves are independently owned and not part of the bankruptcy, with the exception of one company-owned store.
A new location of discount grocery chain Aldi is opening in Florissant this week.
The grocery store, at 240 Howdershell Road, will host its grand opening Thursday with an 8:45 a.m. ribbon cutting ceremony. Customers will be allowed to enter the store immediately following the ceremony, officials said.
Aldi offers bakery items, meats and seafood, fresh produce, cheese and wine, along with seasonal food and home goods, often under its house brands.
A spokesperson said the company is giving the…
St. Louis-based climate technologies and HVAC business Copeland has changed the names of several of its products and services to its own, which officials said is a milestone following its spinoff last year from its former parent company in a multibillion-dollar deal.
The 3,400-square-foot, single-story building will have four offices, a conference room and areas where clients can meet privately to discuss finances and two teller lines.
The sale, for $1, would be contingent on the acquisition of Pittsburgh-based United States Steel Corp., whose Granite City Works is in St. Louis' Metro East.
It’s time to bet the over-under on how much will be spent this year on gambling ballot measures in Missouri.
A good mark might be $60 million. Online bookies poured $32 million so far into the Amendment 2 campaign to legalize sports betting, and a casino company grumpy about the deal countered with $14 million to defeat it.
The campaign for Amendment 5, to authorize a new casino at the Lake of the Ozarks, adds $9.4 million — bringing the total to more than $55 million.
Winning for Missouri…
Another St. Louis restaurant has closed, after five years in business.
Sunny's Cantina, a Mexican-American restaurant at 6655 Manchester Ave. in the Franz Park neighborhood south of Forest Park, closed its doors Sunday.
"We have made the sudden and difficult decision to close our doors at Sunny’s Cantina," the owners had said in announcing the decision Friday on Facebook. "A month ago, we were planning on giving it another year at least, but it became clear these last few weeks that now is the…
Some of St. Louis' largest private companies, including Enterprise Mobility and Schnucks Markets Inc., also fall into another category: family-owned businesses.
Seven & i Holdings, the Japanese parent company of the Texas-based convenience store chain, said the hundreds of closures are due to underperformance caused by a variety of factors.
A Walgreens store in south St. Louis is closing next month.
The store at 4140 S. Broadway in the Mount Pleasant neighborhood will close Nov. 13.
Signs posted at the store said customer prescription records will be available at other Walgreens locations.
In a statement, a Walgreens spokesperson said "increased regulatory and reimbursement pressures are weighing on our ability to cover the costs associated with rent, staffing and supply needs."
The closure comes as multiple pharmacy chains in…
The move comes days after negotiations stalled between Boeing and 33,000 of its employees in the Pacific Northwest. Those workers have been on strike since mid-September.
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