Morning Minutes: Monsanto beats forecast, coal companies stung by divestment

Photos courtesy of Creative Commons
Photos courtesy of Creative Commons

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

St. Louis stadium plans began months before Nixon’s task force

Three St. Louis civic leaders began planning for a new football stadium in the city months before Gov. Jay Nixon’s November announcement that he had formed a task force to focus on the matter.

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Monsanto beats earnings forecast, keeps promoting Syngenta deal

Creve Coeur-based seed giant Monsanto Co. on Wednesday reported diluted earnings per share of $2.39 for its fiscal third quarter, which marked an increase of nearly 48 percent over the company’s EPS for the same period last year and beat analyst expectations of $2.06.

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Coal companies hurt by coal divestment bill’s progress

Progress for legislation that would require two large California pension funds to divest their holdings in coal companies sent stock prices tumbling for leading mining companies, including a trio from the St. Louis area.

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Nixon nearing decision on school transfer bill

Gov. Jay Nixon said he is in the final stages of reviewing a bill designed to address problems with the state’s school transfer laws. The Democratic governor said he will announce his decision in a matter of “days, not weeks.”

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SunEdison makes acquisition in India, adds partner in Silicon Valley

SunEdison has announced a purchase and a partnership, acquiring an Indian wind energy company and teaming with an energy storage startup from California in separate deals.

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