Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Article excerpt

New Schnucks head * Todd Schnuck is now the chairman and CEO of Schnuck Markets Inc., the Maryland Heights-based food and pharmacy chain announced Thursday. Schnuck, 55, succeeds brother Scott Schnuck, who will serve as chairman of the company's executive committee. Anthony T. Hucker, 48, who joined Schnucks in September 2013, is now president and chief operating officer. Hucker becomes the first non-family member to hold this office. Family-owned Schnuck Markets has 98 stores in five states.

Monsanto sues Maui * Creve Coeur-based Monsanto Co. and a Dow Chemical Co. unit sued Maui County on Thursday to challenge a new law banning the cultivation of genetically modified organisms. The biotech seed giants filed the lawsuit in federal court in Honolulu, asking a judge to immediately prevent the law from taking effect and to invalidate the measure. "This local referendum interferes with and conflicts with long-established state and federal laws that support both the safety and lawful cultivation of GMO plants," John Purcell, Monsanto Hawaii's business and technology lead, said in a statement. The case has been assigned to Magistrate Judge Barry Kurren, who earlier this year declared a Kauai County law regulating genetically modified crops was invalid because it was superseded by state law. The Maui law imposes a moratorium on the growing of genetically engineered crops until scientific studies are conducted on their safety and benefits. The moratorium would be lifted only after a vote by the Maui County Council. County voters narrowly passed a ballot initiative last week imposing the ban after an intense campaign. The seed companies poured $8 million into advertising opposing the measure, vastly outspending the initiative's supporters. Monsanto and Dow both conduct research on new varieties of genetically engineered seeds in Maui County. About 90 percent of all corn grown in the U.S. is genetically engineered and has been developed partly in Hawaii.

Esco swings to profit * Esco Technologies swung to a profit in the fiscal fourth quarter, beating Wall Street expectations. The Ladue-based provider of filtration and utility equipment posted net income of $11. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.