Photo courtesy of Super City One/Wikimedia Commons
Here are today’s top business headlines from across Missouri:
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 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
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
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
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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