STL Business Journal

Sheila Sweeney gets probation, fine in Stenger scandal

18 hours 42 minutes ago
Sheila Sweeney, the former CEO of the St. Louis Economic Development Partnership, was sentenced Friday to three years of probation and was ordered to pay a fine of $20,000 for her role in Steve Stenger's pay-to-play scandal. The St. Louis Economic Development Partnership hired Sweeney, 62, in 2015; she had previously served as chair of its predecessor organization, the St. Louis County Economic Council, and chaired the St. Louis County Port Authority. Sweeney founded development company S.M. Sweeney…
Veneta Rizvic

Barry-Wehmiller company buys digital printing businesses

19 hours 26 minutes ago
Paper Converting Machine Co. (PCMC), part of Clayton-based Barry-Wehmiller Group, has purchased two manufacturers of digital printing technology and packaging equipment. Green Bay, Wisconsin-based PCMC acquired RDP Marathon Inc., based outside Montreal in Quebec, Canada, and IPT Digital, based in Sarasota, Florida. PCMC did not disclose financial terms of the deals, but a spokeswoman said the seller was a Canadian ownership group. The deal will bring PCMC 10 employees from RDP and two from IPT;…
Diana Barr

St. Louis’ most influential economist: No need to panic over stocks and bonds

22 hours 26 minutes ago
There’s no need to panic about the U.S. economy despite a wild week in the stock market and an inverted yield curve, St. Louis Fed President Jim Bullard said Thursday. “I think some of this downdraft might be a little bit overdone,” Bullard told Fox Business. Despite an 800-point drop in the Dow on Wednesday, the economy can keep growing “if we play our cards right,” Bullard said. “The market's way up this year. The fundamentals of the U.S. economy are pretty good.” As for the…
Greg Edwards

SLU partners with neighborhood association on new housing project

22 hours 54 minutes ago
Saint Louis University is partnering with the Gate District West neighborhood association to attract new housing in a city neighborhood. SLU owns 43 parcels in the Gate District West neighborhood, which encompasses much of its south medical campus. The university will be closely involved with the project, but the neighborhood association is taking the lead in issuing the request for proposals and selecting developers that will acquire the properties and build the homes. The construction of new housing…
Veneta Rizvic

St. Louis business, owner plead guilty to fraud charges

1 day 3 hours ago
A High Ridge company and it’s owner have pleaded guilty to one count each of conspiracy to commit visa fraud. William Richardet, 64 and of Jefferson County, knowingly submitted fraudulent claims and statements on Form 9142s (submitted to the U.S. Department of Labor) and Form I-129s (submitted to the U.S. Department of Homeland Security, Citizenship and Immigration Services) for Cardinal Lawn and Landscape Inc.’s application to receive H-2B non-immigrant workers, according to court documents.…
Vince Brennan

SSM Health partners with Denver firm to offer new primary care option

1 day 4 hours ago
SSM Health, a nonprofit health system that operates eight hospitals in the St. Louis area, has formed a joint venture with Paladina Health to offer local employers concierge-style primary care for their employees. Denver-based Paladina Health works with employers who pay a fee to give their employees access to personal physicians at clinics during regular business hours, and around the clock by phone or email. Paladina operates 106 clinics in 19 states, with some on large corporate campuses. SSM…
Diana Barr

Sinquefields' $50M gift pushes SLU to fundraising record

1 day 4 hours ago
Saint Louis University raised a record $119.4 million in gifts in the fiscal year ended June 30, thanks in part to a $50 million gift last August from billionaire philanthropist and political donor Rex Sinquefield and his wife, Jeanne Sinquefield. The fiscal 2019 total, raised from donations, pledges and bequests, includes 18 gifts of $1 million or more, officials said. The recent fiscal year topped the prior year's record funds raised of $98.7 million. The Sinquefields' gift last fall was the…
Diana Barr

Commentary: Tomorrow's technology teams

1 day 5 hours ago
All of us is better than any one of us.  We seem to get a lot more done — in every way — when we all believe and act in accordance with this simple truth. Another day, I will go into why every business should consider itself a tech business. Every day, business leaders are shifting their focus to technology, including actionable insights from data, to better understand consumers and to leverage that insight to build stronger, more engaged customer relationships. Consider the tech-driven disrupters…
Gina Bremehr

What’s next for #MLS4THELOU’s proposed stadium

1 day 19 hours ago
With St. Louis poised to be awarded a Major League Soccer franchise, the city’s Board of Aldermen is expected to take up legislation in its next session that relates to financing of the local ownership group’s proposed soccer stadium in Downtown West.
Nathan Rubbelke

Life in Balance: Cardinals’ Adam Olsen makes time for family during the baseball season

1 day 20 hours ago
Adam Olsen has worked in the sports industry long enough to know the toll that travel can have on one’s personal life.  “If you don’t intentionally try to make time for the family, it’s easy to lose them,” he said. As the director of medical operations and head athletic trainer with the St. Louis Cardinals, Olsen often finds himself away from home as he travels with the team. But amid his hectic schedule, Olsen finds balance through frequent FaceTime calls with his two children, eating…
Nathan Rubbelke

St. Louis boosts presence on Inc. 5000 fastest-growing list; see all 49 companies

1 day 20 hours ago
Forty-nine St. Louis-area companies won a spot on this year's Inc. 5000 list, which ranks the nation's fastest-growing private companies. Last year, 45 area companies were featured. Inc. magazine ranks the companies on their growth over a three-year period. That's similar to the way the St. Louis Business Journal ranks its List of St. Louis' Fastest Growing Private Companies. Locally, advertising and marketing, construction, and software are some of the industries represented this year. A local…
Veneta Rizvic

On the market: The most expensive homes in Webster Groves

1 day 21 hours ago
This week’s "on the market" takes a look at some of the most expensive homes currently for sale in Webster Groves. The homes featured this week are located in the 63119 ZIP code, which includes Webster Groves. In the first half of 2019, the 63119 ZIP code had 615 home sales, with a median sale price of $236,375. The median days on the market for home was 33, according to national real estate brokerage Redfin. Here’s a glimpse at some of the priciest homes on the market in Webster Groves: 435…
Nathan Rubbelke
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1 hour 57 minutes ago
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