Missouri Minute: LMI Aerospace agrees to buyout; Missouri lawmakers push public construction restrictions

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

LMI Aerospace agrees to buyout by Belgian company

LMI Aerospace, a St. Charles-based provider of aerospace components and engineering services, said late Thursday it has agreed to be acquired by Sonaca Group, a Belgium-based aerostructures company. Read more

Missouri lawmakers push public construction restrictions

Missouri lawmakers are moving forward with proposals to end union-only contracts in public construction. Both the House and Senate on Thursday passed versions of a measure to do so. Read more

Missouri farm couple spearheading class action lawsuit against Monsanto over dicamba damage

Farmers in 10 states, including Missouri, have filed a class action lawsuit against Monsanto Co. regarding alleged damage to crops from illegal herbicide use by growers. The suit, filed in U.S. District Court in Missouri, alleges Monsanto allowed farmers to plant its Xtend cotton and soybeans, which are tolerant to the dicamba herbicide, without making available a safe herbicide to use with the crops. Read more

Capital Innovators invests in 6 more startups

St. Louis-based technology startup accelerator Capital Innovators has invested in six new companies. Each of those startups will receive a $50,000 investment from Capital Innovators in exchange for an equity stake of between 5 percent and 10 percent in the company. Read more

Trump tariff talk raises uncertainty over future of Missouri-Mexico business

Mexico purchased $2.56 billion in Missouri goods in 2016. That’s second only to Canada, Missouri’s top export partner. But as President Donald Trump talks about a wall between the two countries and a possible 20 percent tariff on Mexican imports to pay for it (and the end of trade barriers enacted by NAFTA), Missouri business owners are beginning to worry about future sales to Mexico. Read more

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