St. Louis Business Journal articles from February 1991

St. Louis Business Journal archives from February 1991

McDonnell holding its own in commercial plane market. (McDonnell Douglas Corp.)
February 25, 1991... McDonnell holding its own in commercial plane market McDonnell Douglas Corp. says it hasn't been hit hard by the soft commercial carrier manufacturing market although more than 100 options for orders for twin jets haven't been picked up by...

Missouri bucking national trend to interstate banking. (opposition to entry of outstate banks into Missouri for fear of domination over local state banks)
February 25, 1991... Missouri bucking national trend to interstate banking Although the Bush administration is pushing for interstate banking nationwide, Missouri legislators seem in no hurry to jump on the bandwagon. So far, 28 states, including Illinois,...

SBA Loan Program study up to two St. Louis companies. (Small Business Administration's Guaranteed Loan Program)
February 25, 1991... SBA loan program study up to two St. Louis companies Two local companies -- Price Waterhouse's St. Louis office and the research firm of James R. Doyle Inc. -- plan to tell Uncle Sam how well the Small Business Administration's Guaranteed...

Nooney Realty Trust shining light in troubled market.
February 25, 1991... Nooney Realty Trust shining light in troubled market High occupancy and lower interest payments combined to produce improved results in 1990 for Nooney Realty Trust Inc., a rare bright spot for Clayton-based Nooney Co. Nooney Trust, a...

Bridge tops local firms in pension fund commissions. (Bridge Trading)
February 25, 1991... Bridge tops local firms in pension fund commissions In the battle for the brokerage business of the Missouri State Employees Retirement System, low-profile Bridge Trading is reaching new heights. In addition, two other St. Louis...

TV movie being filmed in St. Louis. (NBC television movie, "A Mighty Fortress")
February 25, 1991... TV movie being filmed in St. Louis St. Louis is the site for the filming of the NBC television movie "A Mighty Fortress," starring Mare Winningham and Ben Cross. The movie, set in New England in the 1830s, is about a schoolteacher who...

Burns & Mcdonnell. (Contracts)
February 25, 1991... Burns & McDonnell, engineers, architects and consultants, was awarded a contract to design the Spencer Road extension for the city of St. Peters.

Kozeny-Wagner. (Contracts)
February 25, 1991... Kozeny-Wagner, engineers, contractors and construction managers, was awarded a contract to build underground warehouse facilities for Bussen Underground Warehouse Corp.

Mercantile Bancorporation Inc. (Earnings and Dividends)
February 25, 1991... Mercantile Bancorporation Inc. has declared a quarterly dividend of 35 cents per share of common stock, payable April 1 to shareholders of record on March 8.

Creath Jacobsen Advertising. (Advertising notes)
February 25, 1991... Creath Jacobsen Advertising was selected as the marketing, advertising agency for American Recreation Products Inc., a Kellwood Co., subsidiary.

Rabbit, others hop away from Brown James. (Dan Rabbitt; Brown, James & Rabbitt law firm)
February 25, 1991... Rabbitt, others hop away from Brown James Eleven attorneys are breaking away from the Brown, James & Rabbitt law firm, including partner Dan Rabbitt, to start their own law business. Three other partners making the switch are Gary...

Walgreen's Drug Store. (New branches)
February 25, 1991... Walgreen's Drug Store opened a store at 10040 Gravois Road.

Duplex Products. (New branches)
February 25, 1991... Duplex Products, distributor of computer printed forms, expanded its facility at 4367 Green Ash, Earth City.

Medicine Shoppe International Inc. (New branches)
February 25, 1991... Medicine Shoppe International Inc. opened a retail pharmacy store at 2310 W. Osage in Pacific. Another pharmacy store will open at 32 N. Euclid Ave. in the next few months.

SSM Outpatient Rehabilitation Center. (New branches)
February 25, 1991... SSM Outpatient Rehabilitation Center, facility for general, brain injury and industrial rehabilitation, opened at 350 Village Square Drive.

Champ's Sporting Goods. (New branches)
February 25, 1991... Champ's Sporting Goods will open a store in April at St. Louis Centre, 515 N. 6th St.

Pizza Hut of St. Louis Inc. (New branches)
February 25, 1991... Pizza Hut of St. Louis Inc. is expanding its restaurant at 15845 Manchester Road in Ellisville.

QuikTrip Corp. (New branches)
February 25, 1991... QuikTrip Corp. will open a convenience store and car wash at 9951 Big Bend Blvd.

Golden Dipt. (New branches)
February 25, 1991... Golden Dipt, manufacturer of breaded coatings for foods, is expanding its facility by 14,000 square feet at 100 E. Washington in Millstadt.

Erker Bros. Optical. (New branches)
February 25, 1991... Erker Bros. Optical, retail optical company, expanded its offices in the Frisco Building, 906 Olive Blvd.

Jouett's Amoco. (New branches)
February 25, 1991... Jouett's Amoco, service station and convenience store, opened at 1301 E. Chain of Rock Road, Pontoon Beach.

River Bend Billiards. (New branches)
February 25, 1991... River Bend Billiards, will open a recreation center, Side Pocket Billiards, at the Oakmont Shopping Center, Pontoon Road and Lake Drive, Pontoon Beach.

Compuserve. (Relocations)
February 25, 1991... Compuserve, sales office for data processing services, moved to West Park Building I, 12655 Olive Blvd., 5th floor.

Michael Roth & Associates. (Relocations)
February 25, 1991... Michael Roth & Associates, architectural firm, moved to 200 S. Hanley, 11th floor.

Signature Beer Co. (Relocations)
February 25, 1991... Signature Beer Co., beer distributing, moved to 2737 Hereford.

For The One's You Love. (Relocations)
February 25, 1991... For The One's You Love, potpourri wholesaler, moved to 1734 Rudder Industrial Park, Fenton.

Unisys. (Relocations)
February 25, 1991... Unisys has moved its parts department from Borman Drive to 2260 Welsch Industrial Drive.

Steel & Pipe Supply. (Relocations)
February 25, 1991... Steel & Pipe Supply moved to 618 Cepi Drive, Chesterfield.

Mobile Power & Hydraulics. (Relocations)
February 25, 1991... Mobile Power & Hydraulics, distributor of power take-offs and hydraulics, moved to 1721 S. 7th St.

Heckman and Associates. (Relocations)
February 25, 1991... Heckman & Associates, photo studio, will move by the end of March to 1007 Russell, 3rd floor.

Unlimited Perspectives. (Relocations)
February 25, 1991... Unlimited Perspectives, commercial design and photography, moved to 1692 Larkin Williams Road, Fenton.

NSY Warehouses. (Relocations)
February 25, 1991... NSY Warehouses, distributor for large chemical companies, has moved to 8949-8957 Frost Ave.

Community Title & Escrow Inc. (Relocations)
February 25, 1991... Community Title & Escrow Inc. moved to 2402 State St., Alton.

American Wilderness Studio. (Relocations)
February 25, 1991... American Wilderness Studio, taxidermists, will move in June to 3464 Itaska.

Gold Crown Motor Co. (Relocations)
February 25, 1991... Gold Crown Motor Co., auto dealership, moved to 1901 E. Fifth St., Washington.

Affton Auto Electric. (Relocations)
February 25, 1991... Affton Auto Electric, auto electric work, moved to 8900 Gravois Road.

Stallings Printing Co. (Relocations)
February 25, 1991... Stallings Printing Co. moved to 6549 Dale Ave.

MJB Associates Inc. (Relocations)
February 25, 1991... MJB Associates Inc., moved to 13100 Manchester Road, Suite 230.

Mark Twain Bank chief executive in K.C. quits, wants new challenge. (Ed Enloe; Kansas City)
February 25, 1991... Mark Twain Bank chief executive in K.C. quits, wants new challenge Ed Enloe, chairman and chief executive officer of Mark Twain Kansas City Bank, has resigned. Enloe, 44, announced his resignation internally early this month and it...

Clayton's tax proposals: good or bad for business? (Clayton, Missouri)
February 25, 1991... Clayton's tax proposals: good or bad for business? Two proposals on Clayton's April 2 ballot will affect commercial property owners in the city's business district, if approved. The first proposal would allow the city to levy up to...

Stadium project political football. (St. Louis' convention center expansion/stadium project)
February 25, 1991... Stadium project political football Issue entangles Griffin, Ribaudo, Villa, Schoemehl, Jones, Westfall St. Louis' convention center expansion/stadium project has turned into a political football being tossed around Jefferson City....

Creditors at odds on $185 million loan. (Boatmen's National Bank of St. Louis, United States Trustee and holders of Interco unsecured debentures; objections to bankruptcy reorganization plan) (company profile)
February 25, 1991... Interco bankruptcy Creditors at odds on $185 million loan Interco Inc.'s bankruptcy reorganization may be thrown off track by three groups who oppose part of its agreement with bank lenders. Boatmen's National Bank of St....

Investors bet Y&A stock will fall. (Y&A Group) (company profile)
February 25, 1991... Investors bet Y&A stock will fall Many investors are betting Y&A Group's stock is heading for fall. More than 22 percent of Y&A's stock has been sold short. In addition, area brokers who have attempted to purchase Y&A shares for short...

Gateway to recovery. (financial recovery plan of Gateway National Bank)
February 25, 1991... Gateway to recovery Gateway National's president sees signs his five-year plan is working William Smith believes recovery is on the horizon for Gateway National Bank under its more conservative lending policies and stricter cost...

Insituform's stocks jumps 50% after record quarter. (Insituform Mid-America) (company profile)
February 25, 1991... Insituform's stock jumps 50% after record quarter Insituform Mid-America's stock price has soared following strong 1990 performance and encouraging 1991 first quarter results. The stock's trading price has jumped 37 percent in value...

Thomas Morgan.
February 25, 1991... Thomas Morgan has been named president and chief executive officer of Southwestern Bell Telecommunications

Challenger & Hunt. (physician recruitment firm)
February 25, 1991... The war in the Persian Gulf has both helped and hindered physician recruiting firms here. More than 1,000 of the 18,299 physicians in the reserves have been called up as of the first week in February. As a result, physician...

St. Mary's Health Center.
February 25, 1991... St. Mary's Health Center plans to spend $3.3 million to replace some of its patient monitoring equipment. The hospital's current telemetry or monitoring equipment is outdated clinically, according to Evelyn Peterson, planning and...

Washington University.
February 25, 1991... Washington University has no plans to buy the Blue Cross & Blue Shield of Missouri headquarters building at 4444 Forest Park Ave. in the Central West End, according to officials of both organizations. Gene Kilgen, executive director of...

Bi-State puts legal work up for competitive bids. (Bi-State Development Agency)
February 25, 1991... Bi-State puts legal work up for competitive bids Bi-State Development Agency is taking bids for a new primary law firm for the first time in 17 years because of federal rules about accepting grant money for the Metrolink light rail system....

Credit unions compete by expanding services. (Anheuser-Busch Employees Credit Union; First Community Credit Union; St. Louis Telephone Employees Credit Union; Educational Employees Credit Union)
February 25, 1991... Credit unions compete by expanding services At the Anheuser-Busch Employees Credit Union, president Sterling Redfern has been known to sit down and discuss personal accounts with members. At First Community Credit Union, members...

Barnes' plan for mobile heart procedure van hits snag. (Barnes' Hospital's plan denied by Missouri Health Facilities Review Committee)
February 25, 1991... Barnes' plan for mobile heart procedure van hits snag Barnes Hospital's attempt to capture its share of the diagnostic heart procedure market recently hit its first stumbling block. In 1989, Barnes St. Peters Hospital referred 204...

Commerce, United Postal hunt Community deposits. (Commerce Bank; United Postal Savings Association; Community Federal Savings and Loans Association's former depositors' accounts)
February 25, 1991... Commerce, United Postal hunt Community deposits The shotgun wedding of Boatmen's Bank and Community Federal Savings and Loan may produce a happy marriage, but it's also caused fierce competition for the deposits of former customers of the...

City, small business oppose UE plan to end DC service. (Union Electric; direct current service)
February 25, 1991... City, small business oppose UE plan to end DC service Union Electric wants to stop providing outdated direct current service, a move that could force the city of St. Louis and others to pick up at least part of the tab for converting to the...

Boatmen's, Mercantile lead surging bank stocks. (Boatmen's Bancshares Inc.; Mercantile Bancorporation)
February 25, 1991... Boatmen's, Mercantile lead surging bank stocks In the roller coaster world of bank stocks, investors are enjoying the latest rally ride. The value of their investments continues to rise and some analysts are predicting a continuation...

Gas customers should get 7.9% drop in bills. (Laclede Gas Co.; decrease in rates by Mississippi River Transmission Corp. should result in reduction of gas bills)
February 25, 1991... Gas customers should get 7.9% drop in bills The Federal Energy Regulatory Commission has authorized a decrease in the natural gas rates charged by the Mississippi River Transmission Corp., the wholesale supplier of natural gas to Laclede...

Price tag for Bethesda Eye Institute move: $13.5 million.
February 25, 1991... Price tag for Bethesda Eye Institute move: $13.5 million Bethesda Eye Institute plans to spend $13.5 million to relocate its growing eye surgery service from Bethesda General Hospital to CareUnit Hospital of St. Louis. The $13.5...

Children's to provide pediatric assistance to Christian System. (St. Louis Children's Hospital; Christian Health System)
February 25, 1991... Children's to provide pediatric assistance to Christian System The nine-hospital Christian Health System and St. Louis Children's Hospital recently signed an affiliation agreement to form a pediatric network. Under the agreement,...

Trans Air doesn't want all its eggs in TWA basket. (Trans Air Credit Union; credit union members; Trans World Airlines Inc.)
February 25, 1991... Trans Air doesn't want all its eggs in TWA basket An airline pilot is lost without his maps and flight plans. But sometimes he's forced to improvise when conditions dictate. In today's fast-paced business climate, corporate presidents...

Landmark, Lipton group take Group Five to court. (Landmark Bank of St. Carles County; Lipton-Northwest Associates)
February 25, 1991... Landmark, Lipton group take Group Five to court Group Five Inc., already hit by a foreclosure on its headquarters building earlier this month, is the target of two lawsuits filed in St. Louis County Circuit Court. The suits seek a total of...

Boatmen's seeks ruling in fight for $32 million. (Resolution Trust Corp.'s intention to close out a $32 million escrow account at Boatmen's Trust Co.)
February 18, 1991... Boatmen's seeks ruling in fight for $32 million The Resolution Trust Corp. wants to close out a $32 million account at Boatmen's Trust Co., but New York-based Salomon Brothers Inc. has designs on the money, too. The $32 million escrow...

Deutsch, Wolff sue Kanefield. (real estate developers Richard Deutsch, Eugene Wolff, Harold Kanefield)
February 18, 1991... Deutsch, Wolff sue Kanefield Harold Kanefield is being sued by his partners Richard Deutsch and Eugene Wolff over allegations that he failed to pay his share of a partnership debt. According to the suit filed in St. Louis County...

Mosby-Year Book's growth sheer poetry to John Dill. (interview with John Dill, president and CEO of Mosby-Year Book Inc.) (interview)
February 18, 1991... Mosby-Year Book's growth sheer poetry to John Dill Don't Say Goodbye Life is full of goodbyes...and this is of deepening sadness, But life is also hellos...and this is our infinite gladness! So let us remember hellos, for they...

Lemay Bank & Trust Co. (Bank notes)
February 18, 1991... Lemay Bank & Trust Co. opened a facility at 1950 Richardson Road, east of I-55 in Arnold.

Kozeny-Wagner. (Contracts)
February 18, 1991... Kozeny-Wagner, engineers, contractors and construction managers, was awarded a contract to renovate divisions 7400-7500 East Pavilion, Barnes Hospital.

Union Electric Co. (Earnings and Dividends)
February 18, 1991... Union Electric Co. declared a quarterly dividend on common stock of 54 cents a share, payable March 29, to stockholders of record March 6. It also declared the regular quarterly dividends on all classes of preferred stock, payable May 15, to...

Metro Savings Bank. (Earnings and Dividends)
February 18, 1991... Metro Savings Bank reported a profit of $91,438, or 52 cents a share, for the quarter ended Dec. 31, 1990. Metro, located in Wood River, has assets of $80.6 million.

Home Federal Savings Bank of Missouri. (Earnings and Dividends)
February 18, 1991... Home Federal Savings Bank of Missouri declared a regular quarterly dividend of 7 1/4 cents a share on its common stock, payable March 15, to stockholders of record Feb. 28.

Enterprise Bank. (Mergers and acquisitions)
February 18, 1991... Enterprise Bank, 104 Home Adams Parkway in Alton, Ill., has undergone a change in ownership. United Federal Savings Bank is the new owner.

Bulk Materials Inc. (New businesses)
February 18, 1991... Bulk Materials Inc., trucking firm, will open a facility at 3710 Illinois Route 111, Pontoon Beach.

Thomas Mitchell Consulting. (New businesses)
February 18, 1991... Thomas Mitchell Consulting, consulting firm associated with Charter National Life Insurance, will open at 7 N. Brentwood Blvd.

Page Currency Exchange Inc. (New businesses)
February 18, 1991... Page Currency Exchange Inc., currency exchange, opened at 10576 Page Ave.

Arcobasso Foods. (New products)
February 18, 1991... Arcobasso Foods, a St. Louis manufacturer of food products, has added Blue Viniagrette to its line of salad dressings which include Creamy Italian, Creamy Caesar, Poppy Seed and Ranch.

Jefferson County Publications. (Relocations)
February 18, 1991... Jefferson County Publications, headquarters for the Courier Journal, Meramec Journal, Jefferson County Journal, Tri-County Journal and Jefferson News Democrat, moved to the Boatmen's Bank Building, 998 E. Gannon Drive, Festus.

Maxima Electrical Sales Co. (Relocations)
February 18, 1991... Maxima Electrical Sales Co., electrical supplies, moved to 4358C N. Rider Trail in Earth City.

Rittenbaum & Liberman. (Relocations)
February 18, 1991... Rittenbaum & Liberman moved its law office to 8000 Maryland Ave.

Texas Instruments. (Relocations)
February 18, 1991... Texas Instruments, electronic products distributor, will move to 12444 Powerscourt Drive.

Payco General American Credits. (Relocations)
February 18, 1991... Payco General American Credits, collection agency, moved to 12444 Powerscourt Drive.

Medicine Shoppe International Inc. (Proxy Report Excerpts) (company profile)
February 18, 1991... Medicine Shoppe International Inc. David Abrahamson President and chief executive Medicine Shoppe is a franchiser of pharmacies operating under the same name. There are 858 Medicine Shoppes operating in 49 states. In fiscal 1990, which ended...

T. Michael Lewis. (People)
February 18, 1991... T. Michael Lewis has been named president of PowerTech Distributing Inc.

Stephen Dieker. (People)
February 18, 1991... Stephen Dieker has been appointed president of St. Louis Blow Pipe Division of Young Sales Corp.

Dean Sandven. (People)
February 18, 1991... Dean Sandven has been appointed president of Young Roofing Division of Young Sales Corp.

David Bentele. (People)
February 18, 1991... David Bentele has been appointed president and chief operating officer of Citizens National Bank of Greater St. Louis

Kelley fights his partners; investors in $75 million office project vote developer out as head partner. (real estate developer Joseph Kelley sues HBD Contracting Inc.)
February 18, 1991... Kelley fights his partners Investors in $75 million office project vote developer out as head partner Developer Joseph Kelley is in a court battle with his partners in the $75 million Manchester/270 office development after they...