Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Article excerpt

Micro convention to be held * Small business means big things for local economies. And there's a conference in St. Louis that will focus on making very small businesses mean even more. About 500 members of the Association for Enterprise Opportunity are gathering Sunday through Wednesday at the Chase Park Plaza for their annual convention. AEO is a group that advocates for the nation's 25.5 million "micro-businesses" defined as companies with five or fewer employees and helps them find loans and access professional services. The conference is open to the public. More information and a schedule are available at aeoworks.org.

SEC alerted * Chesterfield-based Aegion Corp. said Friday it has informed the Securities and Exchange Commission of a false company earnings report that prompted a temporary stock plunge last week. "We've alerted the regulatory authorities and continue to pursue our own internal investigations into actions by an unknown third party posting the fabricated earnings report, which was neither released nor sanctioned by Aegion," company spokesman Ruben Mella said in a email. The false report, released about a half hour before the market closed on April 24 and reported by Bloomberg News, led to Aegion stock's sudden 7 percent drop, to $19.72 a share. Most of the loss reversed after Aegion contacted Bloomberg and told the financial news service that the information was incorrect and that the company had not yet released the earnings report. Bloomberg quickly corrected the news it had put out. (Tim Bryant)

DOJ sues Chemed * The Department of Justice has sued Cincinnati- based Chemed Corp., saying it and its Vitas hospice business submitted tens of millions of dollars in false Medicare claims for patients who were supposed to be receiving emergency services. The department says Vitas Hospice and Vitas Healthcare submitted claims for services that weren't needed, weren't provided, or were provided to patients who weren't eligible under Medicare requirements. …

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