Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Article excerpt

Menard to build distribution center in Sullivan * To support a growing number of stores in the Midwest, Menard Inc. is building a $29.1 million manufacturing and distribution facility in Sullivan. The Eau Claire, Wis.-based hardware and home improvement chain said the 185,000-square-foot facility will employ 129 people initially. The first phase of the facility will be completed by late 2016, according to the Missouri Department of Economic Development. The state has approved incentives for the retailer totaling $570,972 through the Missouri Works program based on job creation. The retailer operates about 300 Menards stores, including four in the St. Louis region. A Richmond Heights store under construction is slated to open next year.

Solid gain for housing * Home prices in 20 U.S. cities rose 5 percent in July from the same month in 2014, lifted by improving demand and limited supply. San Francisco posted the biggest gain of 10.4 percent, followed by Denver with 10.3 percent, according to the Standard & Poor's/Case-Shiller 20-city home price index, released Tuesday. The Case-Shiller index covers roughly half of U.S. homes; St. Louis is not among cities surveyed.

Activist investor pushes Nexstar deal * Activist investor Starboard Value LP is urging regional TV company Media General Inc. to sell itself to Nexstar Broadcasting Group Inc. instead of buying Meredith Corp. Starboard, which has a 4.5 percent stake in Media General, said in a letter to the company that the proposed acquisition of Meredith was "value destructive" and did not make strategic or financial sense for shareholders. If Nexstar prevails, it would derail Media General's proposed acquisition of Meredith, which owns KMOV (Channel 4), the CBS affiliate in St. Louis.

Southern Comfort for sale * Brown-Forman Corp., the maker of Jack Daniel's whiskey, has hired Goldman Sachs Group Inc. …

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.