St. Louis Business Journal articles from August 1995

St. Louis Business Journal archives from August 1995

Michelson, Mills collect apartments. (Mills Group Pres. O. Bruce Mills; Michelson Organization)
August 7, 1995... $43 million worth changing hands O. Bruce Mills couldn't build an apartment complex in St. Louis County - so he bought one. Mills, president of The Mills Group, is just one of several investors who see St. Louis County apartment complexes as...

Rift over piloting Laumeier grows. (Laumeier Sculpture Park in St. Louis County, Missouri)
August 7, 1995... County seeks to dissolve park's nonprofit board St. Louis County and the board of trustees of Laumeier Sculpture Park are at a standoff over control of the 110-acre outdoor sculpture museum in Sunset Hills. After months of negotiations, St....

Continental, TCI signal cable swap. (Continental Cablevision Inc.; Tele-Communications Inc.)
August 7, 1995... Cable consolidation Area cable television subscribers by provider Charter Communications 170,000 TCI of St. Louis 139,000 Continental 97,000 United Video Cablevision 18,000...

Slow Medicaid enrollment brightens GenCare's outlook. (GenCare Health Systems Inc.)
August 7, 1995... Slow enrollment into managed care programs by St. Louis' Medicaid population is boosting the revenue outlook for GenCare Health Systems Inc. If the enrollment trend holds, GenCare could gain nearly $23 million or more in extra revenue from...

Sanford-Brown enrollment up 135%, aiming for 2,000. (Sanford-Brown College)
August 7, 1995... Business is booming at Sanford-Brown College, a system of five schools offering associate degree and diploma programs in business and health. In the past five years, enrollment at the proprietary, for-profit college has jumped 135% to 1,600...

Insurance department looks at MEMIC's legal fees. (Missouri Employers Mutual Insurance Co.)
August 7, 1995... The state Department of Insurance is asking the Missouri Employers Mutual Insurance Co. for a better accounting of its legal fees. Questions surround $80,000 in legal fees listed in MEMIC's Dec. 31 financial statement paid to an unknown source,...

Dale Carnegie, others see growth in sales training. (Dale Carnegie Institute)
August 7, 1995... Sales-training and motivational firms are having a tough time selling their services to St. Louis companies. Those who provide sales-training programs here estimated that only 10% or less of the businesses in the St. Louis area avail themselves...

Rams' Wallace dons marketing helmet for pre-season blitz. (St. Louis Rams official Bob Wallace)
August 7, 1995... While Rams players are heating it up on the practice field, the team's newly-acquired marketing staff is looking for some big scores. The Rams marketing staff is pitching more than $6 million in sponsorships, team promotions and advertising at...

Catering to the rich. (Cuisine d' Art)(Small Business)(Company Profile)
August 7, 1995... UMSL, Wolfsberger among Cuisine d'Art's clients Business Activity: Cuisine d' Art specializes in "casual, elegant" catering in homes and for corporations and institutions. Cuisine goes after a niche market, catering to a select clientele,...

Citation Computer Systems Inc. (proxy report excerpts)(Company Profile)
August 7, 1995... J. Robert Copper Chairman and chief executive Citation Computer Systems Inc. is a leading provider of network-based client-server information systems for health-care institutions. Its products focus on three main areas: clinical,...

St. Louisans dole out for Gramm. (public contributions made to Senator Phil Gramm in St. Louis, MO)
August 14, 1995... Texas senator holds 4-to-1 lead on Dole from individual donors Harbour Group Inc.'s Sam Fox has cornered some Civic Progress leaders - Emerson Electric's Charles Knight, Boatmen's Bancshares' Andrew Craig, and Enterprise Rent-A-Car's Andrew...

Zoltek stock defies gravity. (Zoltek Companies Inc.)
August 14, 1995... Price up $20 a share in past 2 1/2 months Like the carbon fibers it produces, Zoltek Cos. Inc.'s stock is displaying incredible strength despite its lightweight appearance. In the past year, the St. Louis-based company's stock has...

K-Hits '70s sound spins higher sales. (KIHT FM, St. Louis, MO)
August 14, 1995... In February 1994, Heritage Media Corp. turned off Jukebox's '50s and '60s golden oldies and cranked up the hits from the '70s. So far, the Dallas-based company's $8 million purchase of Richard Miller's KRJY FM Jukebox 96 is resonating with the...

Omni Services woos Todd Uniform; Aramark ties knot with Smith Overall. (Smith Overall Cleaning Co.)
August 14, 1995... Omni Services Inc. of Culpepper, Va., is nearing a deal to buy the rental division of locally based Todd Uniform Inc. Omni is a private holding company that specializes in rental uniform services. Omni spokesman Bill van Swearingen said...

Rams, Casino St. Charles butt heads over PSL promotion. (St. Louis Rams; free personal seat licenses)
August 14, 1995... The St. Louis Rams want Casino St. Charles to stop offering free personal seat licenses as a promotion. But so far, the casino is continuing the giveaway to lure gamblers. Bob Wallace, director of administration for the National Football...

Business Journal becomes part of Newhouse empire. (American City Business Journals Inc. sold to Advance Publications Inc.)
August 14, 1995... The New Yorker meets NASCAR and business news in the $268.9 million sale of American City Business Journals Inc. of Charlotte, N.C., to New York-based Advance Publications Inc. American City owns the St. Louis Business Journal and 27 other...

Turnaround man Deters turned out at First Financial. (Donald Deters, former chief executive officer of First Financial Bank of St. Louis)
August 14, 1995... Less than two years after being brought in by Financial Bancshares Inc. to clean up problems at its St. Louis subsidiary bank, Donald Deters is out. Deters was president and chief executive officer at First Financial Bank of St. Louis. The...

SEC closes Cheek case, bars him from public companies. (Malcolm Cheek, former chief executive officer of Y and A Group Inc.)
August 14, 1995... Malcolm Cheek, the former chief executive of Y&A Group Inc., already is serving a nine-year prison sentence. Now federal securities regulators have barred him from ever serving as an officer in a company whose stock trades publicly. Robert Zak...

$3 million test. (Eli Lilly and Co. finances clinical trials for new anti-estrogen drug)
August 14, 1995... Lilly turns to Wash. U.'s Dr. Avioli for new drug trial An experimental drug being studied by Washington University researchers has the potential to prevent four of the most debilitating diseases that afflict older women. The drug also could...

SLU vies to control Grand Center. (St. Louis University and other entertainment groups' establishment of the Grand Center Foundation)
August 21, 1995... Fox, Symphony, KETC join plan for new foundation A group of key players operating in Grand Center wants to take financial control of the arts and entertainment district in midtown, according to a document obtained by the St. Louis Business...

Federko group $1 million in hole on Vipers. (financial losses of St. Louis Vipers hockey team)
August 21, 1995... The St. Louis Vipers are hoping that Bernie Federko can come up with just one more big play. Federko, the Vipers' president, general manager, and primary investor, faces the arduous task of halting the team's financial slide. The Vipers...

Rabbi trusts gain popularity for highly paid executives. (rabbi trust nonqualified deferred compensation plan)(Employee Benefits)
August 21, 1995... A retirement-planning concept originally devised to benefit a rabbi has become an attractive option for companies with highly compensated executives, especially since changes in tax laws went into effect last year. Because of its origins, this...

Controversial treatments at center of Henderson suit. (Karen Henderson's suit against Bodine Aluminum Inc. and Alliance Blue Cross Blue Shield of Missouri)(Employee Benefits)
August 21, 1995... Karen Henderson's quest for high-dosage chemotherapy treatment for breast cancer has put two St. Louis companies in the national limelight about what sort of relief the Americans With Disabilities Act provides for patients seeking controversial...

City Hall, UAW workers catch on to prepaid legal services. (enrollment of St. Louis City Hall employees and United Auto Worker members)(Employee Benefits)
August 21, 1995... Prepaid legal services are catching on as an employee benefit nationwide, but some experts here say the popularity won't last long. "It's a worthwhile benefit because legal problems can affect employee productivity and even their work...

'Uncle's rules.' (employee benefit plan regulation in the US)(Employee Benefits)
August 21, 1995... Regulations put stranglehold on retirement plans, attorney says Employee benefit plans are one of the most highly regulated areas of American business. To give an example of how cumbersome some of these regulations can be, Neil M. Grossman,...

$40 million spent to buy real estate for new stadium. (planned domed stadium for the St. Louis Rams football team)
August 21, 1995... The St. Louis Regional Convention and Sports Complex Authority has spent nearly $40 million to acquire real estate for the domed stadium - about 15% of the total cost of the project. The authority is responsible for design and construction of...

SSM among businesses offering part-time benefits. (SSM Health Care System)(Employee Benefits)
August 21, 1995... Competition is driving up benefits for part-time workers, according to a new survey. According to the recently released survey of 505 employers, benefit packages for part-time employees are on the rise. The survey - administered by Hewitt...

15% of firms let workers buy, sell vacation time.(Employee Benefits)
August 21, 1995... More companies are opting to let their employees buy and sell unused vacation days. Don Sanford, vice president of communications at W F Corroon, a St. Louis-based employee benefits consulting firm, said vacation-buying and -selling programs...

Upper management pay hikes top national average. (executive salary increases in Missouri, Kansas and Nebraska)(Employee Benefits)
August 21, 1995... While the economy is improving, this is not reflected in salary increases to employees, according to a national survey. Towers Perrin, a national management consulting firm, recently released its findings that show 1995's increases are...

Pennbox's fortune rises in pallet business. (wood pallet manufacturer)(Company Profile)
August 21, 1995... Pennbox 3311 Chouteau St. Louis, Mo. 63103 Business Activity: Pennbox manufactures and reconditions wood pallets at its plant and corporate headquarters on 9 1/2 acres on Chouteau Avenue. The company moved the manufacturing division from...