Morning Minutes: Indian biotech firm coming to Creve Coeur, DOJ suspends sharing of seized assets

Here are today’s top business headlines from across Missouri:

Indian biotech firm to put U.S. headquarters in Creve Coeur

India-based Lacgene Technologies will establish its U.S. headquarters at the Helix Center biotech incubator in Creve Coeur, the Missouri Department of Economic Development announced Wednesday. Read more

Local police feel pinch as DOJ suspends sharing of seized assets

The Department of Justice has temporarily suspended its practice of sharing seized criminal assets with local police departments, citing $1.2 billion in budget cuts recently approved by Congress and the president as the cause. Read more

St. Louis cab commission loses second member central to Uber debate

For the second time this month, St. Louis’ Metropolitan Taxicab Commission is facing the resignation of a commissioner who has been at the heart of the organization’s debate over ride-hailing services like Uber. Read more

Schlichter files another big 401(k) lawsuit

St. Louis law firm Schlichter, Bogard & Denton filed a class-action lawsuit Wednesday on behalf of more than 50,000 employees in the Insperity 401(k) plan. Read more

Drone owners now required to register with the FAA

Anticipating heavy holiday drone sales, the Federal Aviation Administration established a new rule that took effect Monday requiring owners to register their model aircraft. Read more

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