St. Louis Business Journal articles from February 1995

St. Louis Business Journal archives from February 1995

Making an imprint: Sportsprint scores Rams' apparel license. (St. Louis Rams) (Small Business) (Company Profile)
February 6, 1995... Business activity: Sportsprint is a screen printing and embroidering company. It has received licensing for St. Louis Cardinals, St. Louis Blues and St. Louis University Billikens apparel. The company has been approved as the official licensee of...

Kiel Opera House work halts; Kiel Center Partners needs to raise up to $7 million.
February 13, 1995... Loss of revenue from the shortened hockey season and unanticipated repair costs have caused Kiel Center Partners to halt restoration work at the Kiel Opera House. "We have spent all the money we have available and are looking at some...

Ralcorp milks private label cereals. (Ralcorp Holdings Inc.)
February 13, 1995... Biggest U.S. cereal makers Ralcorp's Chex cereals are the No. 5 cereal brand in the country, but half the fast-growing private label sales also come from Ralcorp. Here is the breakdown of cereal sales for the 52 weeks ending Nov....

Stifel not looking to be bought after Okla. sale. (Stifel, Nicolaus and Company Inc.)
February 13, 1995... The sale of Stifel, Nicolaus & Co.'s Oklahoma division opens the door for the firm to buy another firm or be bought, according to brokerage industry analysts. Stifel, the third-largest brokerage based in St. Louis, is not interested in being...

If Charlotte is a gauge, PSLs will increase in value. (personal seat licenses)
February 13, 1995... The first time Max Muhleman knew that personal seat licenses, or PSLs, were a valuable commodity was when he saw them advertised for thousands of dollars in his local newspaper. PSLs are the brainchild of Muhleman, a Charlotte, N.C.-based...

Halting MD-11 could end Mac's commercial planes. (McDonnell Douglas)
February 13, 1995... Shutting down the production line on its largest airplane - even temporarily - would signal the beginning of the end of the commercial airplane business for McDonnell Douglas, according to one aerospace industry analyst. "By closing a line...

Jeff Memorial wants oncology center.
February 13, 1995... A battle is brewing over who will operate the only radiation oncology center in Jefferson County. On Jan. 30, Jefferson Memorial Hospital submitted a letter of intent to the Missouri Health Facilities Review Committee requesting permission to...

Employee discrimination lawsuits rising in number. (Employee Benefits)
February 13, 1995... Gloria J. Clark is one of a growing number of employees accusing their employers of discrimination. The 50-year-old former top manager of ITT Small Business Finance Corp. - responsible for a $500 million loan portfolio - filed age and...

Employers need to define policy on harassment. (Employee Benefits)
February 13, 1995... Employers who want to avoid harassment and discrimination complaints and lawsuits should develop a policy against such problems and let employees know about it, said Lynn Y. Bruner, district director of the St. Louis office of the Equal...

Employee leasing improves small firms' benefits picture. (Employee Benefits)
February 13, 1995... Some small-business owners in St. Louis are cutting costs while offering their employees better benefits by turning over their personnel departments to outside companies. The practice - known as employee leasing - allows outside personnel...

Manager of $2 billion fund for GD moves firm here. (General Dynamics Corp.)
February 20, 1995... A General Dynamics connection has brought two money-management firms together here. Fiduciary Asset Management Co. near Washington, D.C., led by former General Dynamics executive Charles Waldbrandt, quietly acquired the operations of J.P....

Union ushers, ticket takers to work at Busch Stadium despite strike.
February 20, 1995... At least one of the big unions representing employees at Busch Stadium plans to work even if the baseball players are still on strike when the season opens April 3. Ushers and ticket takers will work if Civic Center, the Anheuser-Busch...

Brilliant seeks redemption in $1 million condominiums. (Sidney Brilliant)
February 20, 1995... Editor's Note: The following is the uncensored version of the story on developer Sidney Brilliant. St. Louis County Circuit Court Judge Robert Campbell issued a temporary restraining order at press time a week ago Thursday barring the Business...

SLU sues drug maker over botched vaccine. (St. Louis University)
February 20, 1995... St. Louis University is trying to recoup from drug maker American Cyanamid nearly $16 million in damages SLU paid to a polio-afflicted boy given a botched batch of vaccine. The lawsuit, moved from state to federal court Feb. 8, is the most...

The exterminator: Allied works the bugs out for businesses. (Allied Exterminators Inc.)
February 20, 1995... Allied Exterminators Inc. 7224 Natural Bridge Road Normandy, Mo. 63121 Business Activity: Allied Exterminators is a pest management company with 95% of its business commercial. The firm also does some residential and institutional work and...

Work force to outnumber St. Louis residents by 2025. (St. Louis, Missouri)
February 20, 1995... In 30 years, more people are projected to work in the city than live there. In a study published by the Missouri Office of Administration, St. Louis will lose 44% of its population by 2025, according to 1987-1992 migration patterns carried...

Clayton may spur growth by using tax abatements. (Clayton, Missouri)
February 20, 1995... For the first time, Clayton officials are considering tax abatements to encourage real estate development in their central business district. Giving breaks on real estate taxes is something the city has never done, Clayton City Manager Steven...

Restaurants main course on Clayton's retail scene. (Clayton, Missouri)
February 20, 1995... The Atrium Gallery in the Old Post Office downtown is moving to Clayton in April. The art gallery, which is taking space on Forsyth Boulevard near Hanley Road, is one of a number of retailers moving to the Clayton area. The number of retail...

Branson building boom maintains tempo, includes road improvements. (Branson, Missouri)
February 20, 1995... The building boom is continuing in Branson this year with at least five roads being improved and eight new theaters, restaurants and other developments. "Building is still going strong, but I think it's peaked at the moment," said Terri...

Fund-raising drives back arts programs' expansions.
February 20, 1995... With the threat of some federal funding for the arts drying up nationally, many St. Louis cultural institutions are proposing expansions and renovations bankrolled by major fund-raising campaigns. Each of the museums in the tax-supported...

Growth industry: incubator launches first of its crop of businesses, plans expansion.
February 20, 1995... St. Charles has long been known for its fertile river bottom that generates record crop harvests. But, over the past two years, the Synergy Center has been busy incubating small businesses. Now, an expansion will soon double the capacity of the...

Trail, casino draw tourists to St. Charles. (St. Charles, Missouri)
February 20, 1995... Riverboat gambling and the Katy Trail are bringing more tourists to St. Charles County. The area is just starting to see an increase in tourism from the casinos, said Donna Costellia, director of tour and travel for the St. Charles Convention...

Possible base closings loom over growth in Metro East. (Southwestern Illinois)
February 20, 1995... Despite the addition of light rail, riverboat gambling and a shiny, new $118 million bridge, Southwestern Illinois leaders aren't slowing down to catch their breath. Economic development in the Metro East is the buzzword these days, thanks in...

Developers foresee Rend Lake resort rivaling Ozarks. (Lake of the Ozarks; Rend Lake, Illinois)
February 20, 1995... Developers of a resort near Rend Lake in Southern Illinois say they are building the perfect getaway for busy corporate executives. "There is no question in my mind that Rend Lake will become a major tourist destination like Lake of the Ozarks...

Alton, E. St. Louis rack up big wins from gaming taxes. (Alton, Illinois; East St. Louis, Missouri)
February 20, 1995... Riverboat gambling revenue is bolstering ailing economies in Alton and East St. Louis, and city officials in both towns hope someday that revenue will serve as a catalyst for major riverfront developments. In Alton, where the Alton Belle Casino...

'Slow and stable' describes growth in south county. (St. Louis County, Missouri)
February 20, 1995... South St. Louis County is quietly continuing its economic prosperity without many peaks or valleys. Stretching from Sunset Hills to Shrewsbury to Oakville, South County has experienced a boom in development over the past 20 years. Interstate...

Area near McDonnell Douglas recovering from layoffs. (McDonnell Douglas Corp.)
February 20, 1995... Businesses surrounding McDonnell Douglas Corp.'s world headquarters say they're rebounding from the aerospace giant's massive layoffs four years ago. While profits have regained their footing, the bottom line hasn't returned to pre-layoff...

Jilted city officials turn to jilted suitor; Jumer's-Aztar gaming deal revisited. (Jumer's Hotels and Casinos; Aztar Corp.)
February 27, 1995... Just days after being jilted by Gateway Casino, St. Louis leaders have refocused their sights on a 1992 proposal the city rejected. The proposal, submitted by a joint partnership between Jumer's Hotels & Casinos Inc. and Aztar Corp., called for...

Laclede's Landing leadership attacked from all sides. (Laclede's Landing Redevelopment Corp.)
February 27, 1995... A rift among the leadership of Laclede's Landing is imminent as the president of the riverfront group finds himself in the cross hairs of Mayor Freeman Bosley Jr.'s aim. Bosley is upset over comments Tom Purcell, president of Laclede's Landing...

Investors losers as North Port goes to auction. (North Port Golf Associates)
February 27, 1995... The troubled North Port at the Lake golf course is headed for the auction block. But the original investors in the Arnold Palmer-designed Ozark golf course will be left out in the cold. Attorneys for North Port, its investors and its creditors...

Professionals open hearts, wallets to dating services. (Great Expectations Creative Management Inc.)
February 27, 1995... They can run corporations, design buildings and even save lives - yet finding a date for Saturday night can present a Herculean challenge. They're professionals - doctors, lawyers and business people - and, according to owners of some of St....

Was May survey attempt to block Nordstrom store? (May Department Stores Co.)
February 27, 1995... A survey commissioned by The May Department Stores Co. has Frontenac residents wondering if it was really a disguised attempt to block rival retailer Nordstrom Inc. from locating at Plaza Frontenac. May Co. surfaced this week as the company...

Rumors fly, more layoffs at McDonnell Douglas.
February 27, 1995... Layoffs are probably coming at McDonnell Douglas, say employees and industry analysts, but when, how many or who will be targeted in this next round is uncertain. Rumors have been rampant since a small number of facilities employees were laid...

Fans balk at taking trips to spring training games. (pre-season baseball)
February 27, 1995... Joe Hoerner has spring fever. And the response to Hoerner's travel packages to see pre-season baseball in Florida is making him sick. Hoerner, head of Cardinal Travel, and other local travel agents are striking out with travel packages to...

St. Charles ready to give Jumer's third try. (Jumer's Hotels and Casinos Co.)
February 27, 1995... Local leaders in St. Charles County, twice jilted by the financial stability of Jumer's Hotels & Casinos Co., may give the company a third shot at developing a casino in an unincorporated pocket of the county. An ad-hoc committee of county...

Sporting Goods Dealer catalog electrifies advertisers. (electronic catalog)
February 27, 1995... Leslie Tunney, publisher of the Sporting Goods Dealer, said she now wonders if her publication's novel electronic catalog priced its advertising too low. After all, two weeks after unveiling the project Jan. 30, the Times Mirror Co. magazine...

Normandy hospital critics, backers square off March 6. (Normandy-North Hospital)
February 27, 1995... Backers of a proposal to reopen Normandy-North Hospital say they are on stronger footing for their second attempt to win approval for the project from a state committee. But opponents of the project say they've discovered even more questions...

7 doctor groups merge to deliver area's largest ob-gyn practice. (St. Louis, MO)
February 27, 1995... Seven medical group practices are merging to give birth to what they believe is the area's largest obstetric-gynecological practice. The 30-physician practice has been named Generations Health Care Inc. The merged practices have 10 locations,...

Minority business growth in area remains stagnant. (St. Louis, MO)
February 27, 1995... [TABULAR DATA OMITTED] Minority business development in St. Louis is stagnant because of racism, lack of capital and a variety of other factors, experts say. A recent report by Confluence St. Louis recommends that area civic and business...

Company's CEO seeks out challenges in setbacks. (Geo Environmental Services)
February 27, 1995... For the son of a former president and chief justice, Ellis Shiblee isn't finding the business climate in St. Louis full of warm handshakes and open doors. But then again, not many St. Louisans are familiar with Shiblee's native Bangladesh,...

Emerson Electric Co. (proxy report excerpts) (Company Profile)
February 27, 1995... Charles F. Knight Chairman and chief executive Emerson Electric manufactures a broad range of electric and electronic products for consumer, commercial and industrial markets, including process control equipment, motors, appliance components...