Morning Minutes: Syngenta rejects Monsanto, MoDOT scales back projects

Photos courtesy of Creative Commons
Photos courtesy of Creative Commons

Here are this morning’s top business headlines from across Missouri:

Syngenta rejects Monsanto’s $45 billion acquisition offer

Syngenta AG has rebuffed Monsanto Co.’s $45 billion takeover bid, saying the deal undervalued the company and posed significant risks. Syngenta, the world’s largest maker of agrochemicals, said it was open to further talks with Monsanto.

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State transportation plan calls for fewer construction projects

The Missouri Department of Transportation has released a draft of a five-year plan that calls for a sharp reduction in construction projects as the agency’s budget is projected to drop more than 45 percent.

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Missouri reinstitutes caps on medical malpractice suits

Gov. Jay Nixon on Thursday signed into law a bill that reinstates limits on monetary damages in medical malpractice suits in the state.

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Schnuck Markets plans $100 million north St. Louis County facility

Schnuck Markets Inc. plans to start construction this summer on a new $100 million distribution center in north St. Louis County, company officials said Thursday. The St. Louis-based grocery store chain said the 915,000-square-foot facility would employ about 400 people.

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Race cars and cartoon sponges combine in new wave of cross-promotion

If you ask the Kansas Speedway and Nickelodeon, the name of this weekend’s SpongeBob SquarePants 400 makes perfect business sense.

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