Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Article excerpt

Mercy Hospital Jefferson names new chief * Eric Ammons has been named president of Mercy Hospital Jefferson in Crystal City. The appointment will take effect May 20. Since 2009, Ammons has served as president of Mercy Hospital in Independence, Kan. Mercy Hospital Jefferson, formerly Jefferson Regional Medical Center, became part of Chesterfield-based Mercy Health on Feb. 1. It is the fifth largest among Mercy's 32 hospitals. (Jim Doyle)

Enterprise expands * Enterprise Rent-A-Car signed a new franchise deal with a European partner to expand rental car branches in Austria, Hungary and Slovakia. Enterprise appointed Megadrive Autovermietung GmbH as a franchise partner to open branches at major airports and city locations in the three countries later this year, Enterprise said in a statement Wednesday. Enterprise Rent-A-Car's parent company, Clayton-based Enterprise Holdings, is the world's largest rental car company. The company's other brands are Alamo Rent A Car and National Car Rental. Enterprise has expanded in several European countries in recent months through franchise agreements in Portugal, Italy, Greece, Brazil and China, and with the new agreement, the Enterprise Rent-A-Car brand will soon be available in 23 European countries. (Lisa Brown)

Amazon nears TV debut * Amazon is letting viewers help choose its new lineup of TV shows, scuttling a secretive, wasteful process once reserved for Hollywood taste-makers. The online retailing giant will let visitors from the U.S, U.K. and Germany watch, rate and critique 14 pilot episodes the company has bankrolled. Viewer comments will help the company decide which shows if any get the green light. Amazon's foray into TV production is unique in the way it saves money. Every spring, traditional TV networks such as ABC, NBC, CBS and Fox order dozens of pilots and show them to focus groups. Executives pick just a handful to make into series. Then, they commission 13 episodes of each promising show, with each one potentially costing a few million dollars. Many episodes won't ever air if the first few don't attract big audiences.

BofA settles suit * Bank of America announced Wednesday that it would pay $500 million to settle a class-action lawsuit led by pension funds and other investors who say they were misled about $350 billion worth of mortgage-backed investments they bought from Countrywide, a mortgage lender Bank of America bought in 2008. …

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