The News
Whats Going On In The St. Louis Metro Area

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St. Louis Business Journal
  • CPI moves to the Nasdaq
    CPI Corp. officials said today that the company's stock will start trading on the Nasdaq over-the counter market on Feb. 9. The change comes after after the New York Stock Exchange announced that trading of CPI Corp. stock will be suspended before the market opens on Feb. 9 because the portrait studio operator fell below an average market capitalization of $15 million over a consecutive 30-trading-day period, a minimum threshold for continued NYSE listing. CPI will announce its new trading symbol on Feb...
  • Missouri No. 2 in teen unemployment
    Missouri had the second highest teen unemployment rate last year, according to U.S. Bureau of Labor Statistics data. The state’s teen labor force, which includes those between the ages of 16 and 19, had an overall unemployment rate of 32.7 percent, compared to 25.8 percent in 2010. Women in the teen demographic had an unemployment rate of 31.7 percent. By comparison, teen men had a 33.8 percent unemployment rate. There were 141,000 workers in the teen workforce in Missouri last year. Of those workers, 94,000 teens were employed...
  • Champion college chess team moves to Webster U
    Chess Grandmaster Susan Polgar, World and Olympiad champion, and her Susan Polgar Institute for Chess Excellence, will relocate in June to Webster University from Texas Tech University in Lubbock, Texas, Webster officials said today. All members of the reigning national collegiate champion Texas Tech chess team will transfer to Webster and attend during the 2012-2013 academic year. “Chess is increasingly valued for its instructional impact,” said Webster President Elizabeth Stroble. “Globally, educators recognize chess as a tool to cultivate interest and success in STEM (Science, Technology, Engineering and Math) disciplines...
  • IT staffing is specialty for area temp firms
    Companies that place IT personnel continued to make their presence felt on this year’s list of the St. Louis area’s largest temporary staffing firms. Half of the firms listed and three of the top five told us IT staffing was one of their specialities. This year saw four new companies added to the list, two of which have an IT staffing focus and are ranked at or near the top — Rose International ranked first this year with 81 staff members employed locally as of February 2011, and Technology Partners Inc...
  • Ameren Missouri files 14.6 percent rate increase
    Officials at Ameren Missouri said today that the company filed an electric rate increase request with the Missouri Public Services Commission that would raise customer rates 14.6 percent. The rate increase request is approximately $376 million. If approved, the average residential electric bill would increase about 46 cents a day, or $14.26 a month (based on 1,100 kilowatt-hours of usage per month). Company officials said the rate increase is to offset costs including: • $85 million (about 23 percent of the increase request) to improve Ameren Missouri’s aging infrastructure and comply with environmental and renewable energy regulations • $103 million (about 27 percent of the increase request) for higher net fuel costs for power plants • $81 million (about 22 percent of the request) for higher costs for energy efficiency programs...