St. Louis Business Journal articles from January 2000

St. Louis Business Journal archives from January 2000

Orthwein battles IRS.(Brief Article)(Statistical Data Included)
January 3, 2000... Helping lure the Rams to St. Louis could cost James Busch Orthwein $6.25 million more than he expected. That's how much the Internal Revenue Service has demanded that the Anheuser-Busoh Cos. Heir pay in additional 1994 taxes. Orthwein, 75,...

$100 million impact from Rams season.(Brief Article)(Statistical Data Included)
January 3, 2000... St. Louis is reveling in gridiron glory this season on and off the field. The Rams' record at home--plus the team's first appearance in the playoffs since moving to St. Louis five years ago -- could have an $111.3 million impact on the...

Raising the roof.(Brief Article)(Statistical Data Included)
January 3, 2000... City Museum prepares for $2 million expansion Ten stories up, Bob Cassilly is staking :out another frontier for his City Museum. Up on the rooftop of the former shoe factory-turned-museum, a giddy acre-and-half expanse, Cassilly shows...

COBOL programmers log off jobs.(Brief Article)
January 3, 2000... D.C. Cooper. was bitten by the Y2K bug. Cooper, a St. Louis native with more than 15 years COBOL programming experience, left a high-ranking computer job watching over the payroll system at General American in 1997 to become a consultant....

Shop till you drop.(Brief Article)
January 3, 2000... Northwest Plaza has been filling its space with new retailers. Over the past four months, owner Westfield has brought in eight stores, including Schwieg Engle, the furniture and appliance retailer. Other new stores are Bath & Body Works; White...

Hospital huddle.(Brief Article)
January 3, 2000... After approving SSM Health Care's $33.6 million Women's Hospital in Chesterfield, Missouri regulators will take a look at establishing a federally funded Centers of Excellence health-care facility here. Patrick Brady, chairman of the Missouri...

Networking.(Brief Article)
January 3, 2000... Three months after leaving the construction company he helped-found, Mark Hinrichs is buying a half-interest in computer networker Pyramid Technology Group. Hinrichs, cofounder of Bellevillebased Holland-Hinrichs Construction, plans to meld...

Landing a deal.(Brief Article)
January 3, 2000... Washington University has bought 2.3 acres across from its main campus on Skinker Boulevard. Spokeswoman Susan Killenberg McGinn says the university wants to turn the property into an "attractive front door," and is debating between renovating...

Super sellers.(Brief Article)
January 3, 2000... Cheryl Jones of RE/MAX Results and Anne Ryan of Coldwell Banker Residential Brokerage are among the top luxury megabrokers in the nation, according to the December/January issue of Unique Homes. Ryan has closed more than $120 million in sales...

Go for the green.(Brief Article)(Statistical Data Included)
January 3, 2000... The Boone Valley Classic has moved into the top 10 events on the Senior PGA Tour in terms of prize money. The golf tournament, scheduled for May 22-28, will offer a total purse of $1.5 million -- an increase of $100,000 -- with the winner...

Rx for success.(Brief Article)
January 3, 2000... Forbes singled out Express Scripts and its chief executive Barrett Toan as the best of the best among big companies providing business services. The magazine's Jan. 10 issue also includes Anheuser-Busch Cos., A.G. Edwards, Emerson Electric and...

Art for rent.(Brief Article)
January 3, 2000... Companies looking for art on the cheap might want to check out WebArtbank.com, a Clayton-based Internet startup expected to launch in early 2000. Founder Chris Bylander plans to offer thousands of fine art selections, ranging in value from $800...

Flying high.(Brief Article)
January 3, 2000... The Greenville, Ill., airport is expected to be the power parachute capital of the world this summer, when the Metro-East Powered Parachute Association is host to a national competition for power parachute pilots. Bob Schmidt, president of the...

$7 million golf course, homes planned in Illinois.(Brief Article)
January 3, 2000... A $7 million residential development and golf course has been proposed for 325 acres in St. Clair County. Plans for the Old Lantern development, about 15 minutes from downtown St. Louis, call for more than 100 luxury and attached homes, an...

MAMTC call center open to handle Y2K problems.(Brief Article)
January 3, 2000... Small and medium-size businesses in Missouri have a resource for immediate response to Y2K programs during the transition weekend. The Y2K Call Center, sponsored by the Mid-America Manufacturing Technology Center, will open at 8 a.m....

Law firms rely on trust to keep attorneys honest.(Brief Article)(Statistical Data Included)
January 3, 2000... As a federal probe continues into the activities of former Thompson Coburn partner Michael Lazaroff, St. Louis' largest law firms say established safeguards ensure that they receive all money due from clients. Thompson Coburn has said...

Mike Herring.
January 3, 2000... Chesterfield City Administrator Mike Herring's name was spelled incorrectly in a photograph cutline in the Dec.20 issue.

Sidney W. and Sylvia N. Souers Charitable Trust.
January 3, 2000... Christopher Thompson is the contact person for the trust. His phone number is 466-4417 and the Zip Code is 63102. Information was incorrect on the list of the largest charitable trusts and foundations in the Dec. 17 issue.

St. Anthony's Medical Center.(labor union activities)(Brief Article)
January 3, 2000... Administrative staff at St. Anthony's Medical Center will notparticipate in a vote to join the United Health Care Workers. Nurses and skilled maintenance personnel will participate. Information about participation in the vote was incorrect in...

Union Planters deposits off 11%; Allegiant up 38%.(Brief Article)(Statistical Data Included)
January 3, 2000... Union Planters Bank lost nearly 11 percent of its deposits in the St. Louis area -- about $374 million dollars -- between June 1998 and June 1999, as the bank revamped operations following its purchase of Magna Group. Mike Ross, chief...

Charter seeks $900 million; Spartech buys plastics firm.(Charter Communications ; no information on Spartech)(Statistical Data Included)(Brief Article)
January 3, 2000... Charter Communications plans to raise $900 million through a private offering. The company said it would offer senior notes due 2008 and 2010 and senior, discount notes due 2012 to institutional investors. The company said proceeds of the...

Monsanto Co.(to team with Cambridge Antibody Technology)(Brief Article)(Statistical Data Included)
January 3, 2000... Monsanto Co. will team with a British biotechnology company in a potential $200 million deal to develop drugs. The research alliance between Monsanto's pharmaceutical subsidiary, G.D. Searle & Co., and Cambridge Antibody. Technology of...

Spartech Corp.(to acquire High Performance Plastics Corp.)(Brief Article)(Statistical Data Included)
January 3, 2000... Spartech Corp. agreed to buy all the assets of High Performance Plastics Inc., a wholly owned unit of Uniroyal Technology Corp., for about $217.5 million. The deal, which is expected to immediately add to Spartech's earnings, should close. by...

LMI Aerospace Inc.(to acquire U.S. Hayakawa Industries Inc.)(Brief Article)(Statistical Data Included)
January 3, 2000... LMI Aerospace Inc. said it would acquire the assets of U.S. Hayakawa Industries Inc., a sheet metal manufacturer and machining firm based in Mukilteo, Wash., with annual sales of $3.5 million. Terms were not disclosed: Ronald Saks, president...

Group Health Plan and Unity Health Network.(arbitration resolved)(Brief Article)
January 3, 2000... An arbitrator has upheld a risksharing agreement between Group Health Plan and Unity Health Network. Both GHP and Unity are required to make payments as a result of the binding arbitration, but Unity said the net effect of the ruling would be a...

Cass Commercial Corp.(plans to buy back shares)(Brief Article)
January 3, 2000... Cass Commercial Corp. plans to repurchase up to 200,000 shares of the company's common stock over the next 12 months. The company said its board of directors authorized the repurchase of the shares, about 5 percent of those outstanding, on the...

Pulaski Financial Corp.(repurchases shares)(Brief Article)
January 3, 2000... Pulaski Financial Corp., holding company of Pulaski Bank, announced its repurchase of 198,162 common stock shares, worth about$2 million. The company said it repurchased about 5.3 percent of its outstanding shares in the open market. Pulaski...

Dynegy Inc.(merger with Illinova Corp. postponed)(Brief Article)
January 3, 2000... Dynegy Inc. said the date of its proposed merger with Illinova Corp., the parent company of Illinois Power, has been postponed. The deal was scheduled to close around Jan. 4, but Dynegy, a Houston-based energy firm, said it's been delayed until...

Laclede Gas Co.(increases rates)
January 3, 2000... Laclede Gas Co. began charging customers higher rates Dec. 27, under a rate, increase approved by the Missouri Public Service Commission. Laclede said the increase would raise $11.2 million in additional revenue annually, and would cost the...

Source Information Management Co.(signs agreement with Bank of America Corp.)(Brief Article)
January 3, 2000... Source Information Management Co. signed a three-year, $50 million revolving credit deal with Bank of America Corp. Source said it plans to use the funds to expand its credit program for magazine retailers and to finance possible acquisitions....

PEOPLE.
January 3, 2000... Advertising Lynda McElfresh and Shad Schoenke have joined The Glennon Co. as senior media buyer and senior art director, respectively. Zachary Lips has joined D'Arcy Masius Benton & Bowles as director of the agency's art studio. ...

Hepatitis shot costs will be passed to customers.(restaurant industry)(Brief Article)
January 3, 2000... More than $11 million will be spent in the next few months to vaccinate an estimated 235,000 food handlers in St. Louis County against Hepatitis A. Those costs probably will be be passed along to customers, said Missouri Restaurant...

St. Joseph plans to spend $2 million on lab upgrade.(Brief Article)
January 3, 2000... St. Joseph Hospital of Kirkwood plans to spend $2 million to rebuild its cardiac catheter lab. About $1 million will go toward building a new lab on the first floor, adjacent to the operating rooms. It will house about $1 million in new...

Mae Gordon.(professor receives government grant)(Brief Article)
January 3, 2000... Mae Gordon, associate professor of ophthalmology, received a five-year $3.1 million grant from the National Eye Institute.

Dr. Steven Strasberg.(professor receives government grant)(Brief Article)
January 3, 2000... Dr. Steven Strasberg, professor of surgery and associate professor of cell biology & physiology, received a five-year $1.3 million grant from the National Institute of Diabetes and Digestive and Kidney Diseases.

Dr. Joseph Ackerman.(Brief Article)
January 3, 2000... Dr. Joseph Ackerman, professor of radiology and research professor of medicine, received a five-year $3.2 million grant from the National Cancer Institute.

Robert Schreiber.(Brief Article)
January 3, 2000... Robert Schreiber, professor of pathology and molecular microbiology, received a three-year $300,000 grant from the Cancer Research Institute.

Dr. Jeffrey Drebin.(Brief Article)
January 3, 2000... Dr. Jeffrey Drebin, assistant professor of surgery, received a three-year $322,052 grant from the Department of the Army, U.S. Army Medical Research Acquisition Activity. He also received a one-year $105,000 grant from the The Susan G. Komen...

Edwin Fisher.(Brief Article)
January 3, 2000... Edwin Fisher, research professor of medicine, received a three-year $500,000 grant from the Robert Wood Johnson Foundation.

Kevin Yarasheski.(Brief Article)
January 3, 2000... Kevin Yarasheski, assistant professor of medicine, received a four-year $1.2 million grant from the National Institute of Diabetes and Digestive and Kidney Diseases.

Dr. James Delmez.(Brief Article)
January 3, 2000... Dr. James Delmez, professor of medicine, received a two-year $428,352 grant from the National Institute of Diabetes and Digestive and Kidney Diseases.

Douglas Berg.(Brief Article)
January 3, 2000... Douglas Berg, professor of molecular microbiology and genetics, received a five-year $1.6 million grant from the National Institute of Diabetes and Digestive and Kidney Diseases.

Dr. Kevin Ho.(Brief Article)
January 3, 2000... Dr. Kevin Ho, assistant professor of medicine, received a one-year $117,201 grant from the National Institute of Diabetes and Digestive and Kidney Diseases.

Dr. Samuel Klein.(Brief Article)
January 3, 2000... Dr. Samuel Klein, professor of medicine, received a five-year $4.5 million grant from the National Institute of Diabetes and Digestive and Kidney Diseases.

Dr. Arnold Strauss.(Brief Article)
January 3, 2000... Dr. Arnold Strauss, professor of pediatrics and molecular biophysics and pharmacology, received a five-year $1.2 million grant from the National Institute of Diabetes and Digestive and Kidney Diseases.

Dr. Thomas Bailey.(Brief Article)
January 3, 2000... Dr. Thomas Bailey, associate professor of medicine, received a three-year $359,990 grant from Aetna Inc.

Dr. Robert Heuckeroth.(Brief Article)
January 3, 2000... Dr. Robert Heuckeroth, assistant professor of pediatrics and instructor of molecular biology & pharmacology, received a one-year $40,000 grant from the Glaxo Wellcome Institute for Digestive Health.

Dr. John Sunwoo.(Brief Article)
January 3, 2000... Dr. John Sunwoo, assistant in otolaryngology, received a one-year $10,000 grant from the American Head and Neck Society.

Jane Wu.(Brief Article)
January 3, 2000... Jane Wu, assistant professor of pediatrics and molecular biology & pharmacology, received a five-year $1.7 million grant from the National Institute on Aging.

Dr. Victoria Fraser.(Brief Article)
January 3, 2000... Dr. Victoria Fraser, associate professor of medicine, received a three-year $393,975 grant from the National Center for Infectious Diseases.

Medical people.(appointments and awards in health care industry)(Brief Article)
January 3, 2000... Cardiothoracic surgeons Dr. Richard Shaw, Dr. Larry Creswell and Dr. Alfredo Rego opened Cardiothoracic Surgery North at Christian Hospital Northeast. Susan Jennings joined Physicians' Edge Inc. as senior vice president, clinical...

A.J. Brown Inc. builds on base of tenant finish work.(Brief Article)
January 3, 2000... Fast-growing company sees revenue stretch past $18 million as it expands capabilities Business activity: Andrew Brown opened his general contracting company at a time when the country was in a recession and the construction industry was in...

Small business owners set their priorities for 2000.(survey results)(Brief Article)
January 3, 2000... Devoting more time to families, balancing time between work and home rank No. 1 in survey Everyone knows what a good business year 1999 was, especially for small businesses. Still, many owners feel they may have misplaced their priorities,...

LARGEST 2000 CONVENTIONS & GROUP MEETINGS.(Illustration)(Statistical Data Included)
January 3, 2000... LARGEST 2000 CONVENTIONS & GROUP MEETINGS (RANKED BY PROJECTED TOTAL ROOM NIGHTS) Organination address phone/fax Web site 1...

HOK designs award-winning 'green' museum addition.(Hellmuth Obata and Kassabaum Inc.)(Brief Article)
January 3, 2000... An igloo or a tepee might do less harm to the environment than a 92,000-square-foot addition to the Missouri History Museum. But the American Institute of Architects (AIA) has decided that few other buildings would. The $17 million Emerson...

AlA award winners protect and enhance the environment.(American Institute of Architects)(Brief Article)
January 3, 2000... The American Institute of Architects each year selects 10 examples of viable architectural design solutions that protect and enhance the environment. The 1999 projects, in alphabetical order: * CCI Center, Pittsburgh, Penn. -- The...

Grumney, partners lead EOI into new endeavors.(Nelson Grumney Jr., Environmental Operations Inc)(Brief Article)
January 3, 2000... Three years ago, when Nelson Grumney Jr. was looking for a way to get back into the real estate development business, he took a somewhat circuitous route. He had been a development partner at Trammell Crow in the 1980s and was then a senior...

Sitex builds international environmental client base.(Sitex Environmental Inc.)(Brief Article)
January 3, 2000... Doing business all over the globe brings a new element of business risk management into play, said Stuart Williams, president and chief executive of Sitex Environmental Inc., a St. Louis-based environmental engineering and consulting firm. ...

AmerenUE, HOME Depot build model Habitat home.(Brief Article)
January 3, 2000... Shantel Shegog and her two sons have a roof over their heads, and they'll save on utility bills in their newly built, energy efficient home. Shegog is the recipient of a St. Louis Habitat for Humanity home that was built in conjunction...

Greenway Project to link recreation, tourism, business.(Brief Article)
January 3, 2000... Welding the Confluence Greenway Project's links of recreation, tourism and business opportunities will take four years, $25 million and a network of people. The project will connect existing nature/hiking/biking trails, conservation areas...

Going back a little bit.(communication techniques)(Brief Article)
January 3, 2000... This column will go back a little, and in the course, review some of the more important (at least, I think so) matters concerning communication. We need to know when we use the wrong words (the wrong tools) to be better understood, or to...

World Trade Center St. Louis featured in magazine, wins export award.(Brief Article)
January 3, 2000... World Trade Center Saint Louis was featured in the November issue of Export Today's Global Business magazine as a winner of the U.S. Export award. The article says: "Promoting trade is, of course, the mission of World Trade Centers...

Stock Transactions.(St. Louis based companies or divisions)(Brief Article)(Illustration)(Statistical Data Included)
January 3, 2000... The following purchases or sales of stock in St. Louis-based companies or in companies wit St. Louis-based subsidiaries or divisions have been reported to the U.S. Securities and Exchange Commission by officers, directors and owners of more...

Where we stand.(St. Louis placement in online investing)(Brief Article)(Illustration)(Statistical Data Included)
January 3, 2000... How St. Louis measures up against other cities Rodger Riney President Scottsdale Securities I am surprised that St. Louis ranks as high as it does. Of the 105 branch offices we operate, we see some major volume coming out of...

On board.(Saint Louis Art Museum financial statistics)(Brief Article)
January 3, 2000... Money and management at nonprofit organizations Saint Louis Art Museum Brent Benjamin Director The Saint Louis Art Museum dates to 1879 and is the oldest municipally supported art museum in the country. The museum is visited...

Proxy corner.(Ralcorp. Holdings Inc. financial statistics)(Brief Article)
January 3, 2000... Money and management at companies with publicly traded stack RALCORP HOLDINGS INC. Joe R. Micheletto President and chief executive Ralcorp Holdings Inc. engages in the manufacturing, distribution and marketing of private...

For What it's worth.
January 3, 2000... Highlighting some of the most recent commercial real estate transactions in the St. Louis. area. LOCATION: 16018 Manchester Road, Ellisville DATE SOLD: Oct. 15, 1999 NEW OWNER: Plantation Properties LLC AGENT: Not available...

A closer look.(Brief Article)
January 3, 2000... THE THINKING PERSON'S GUIDE TO BUSINESS LEADS Making a list and checking it twice..... That might have worked for Santa this year, but at the St. Louis Business Journal we check our lists dozens of times. The Top 25 List is the most popular...

St. Louis Stocks.(price listing for several companies)
January 3, 2000... St. Louis Stocks Close Close Percentage Company Symbol Exchange 12/22/99 12/22/99 change Advanced Communications ADG N...

Charter Communications Inc.(financial forecasts)(Brief Article)
January 3, 2000... Dec. 8, $25.06 Salomon Smith Barney Outperform. Charter is the product of multiple acquisitions and $5.9 billion of cash equity from Paul Allen. The 6.2 million-subscriber Charter has an impressive management team, a strong core video...

Jones Pharma.(financial forecasts)(Brief Article)
January 3, 2000... Dec. 16, $40.88 Robertson Stephens Strong Buy. Total dollars increased 50 percent in the first month of the December quarter, suggesting the company is in line to exceed our revenue forecast for the fourth quarter of $36.8 million....

Monsanto.(financial forecasts)(Brief Article)
January 3, 2000... Dec. 16, $41.75 Salomon Smith Barney Buy. Monsanto and Pharmacia & Upjohn have agreed to combine in a merger of equals. The market voted with extreme pessimism on the merger, likely reflecting changing attitudes toward genetically...

Ernst may sell consulting division to Cap Gemini.(Ernst and Young L.L.P.)(Brief Article)(Statistical Data Included)
January 3, 2000... Paris-based Cap Gemini is considering the purchase of Ernst & Young's consulting division, according to industry sources. Jim Havel, managing partner for Ernst & Young's St. Louis office, said it's too early to tell what a buy out could...

Happy New Year.
January 3, 2000... There is a need to say something important, meaningful. To mark time and place. To give thanks and hope. To remember and wish. To touch those we love and find closeness with strangers. To appreciate the freedom of...

The one that meant the most.
January 3, 2000... I began writing this column quite a bit ago, actually now running in its 20th year--or in its 17th year if you don't count reruns. You've all been very patient with this "columnist" -- what can you say about a fellow who reran one of his...

Just 24 hours with the man who meant the most.(Brief Article)
January 3, 2000... It has always been a source of difficulty to me that you could be having lunch with someone you love and by dinnertime you can never see or talk to him again. For the rest of your life. I was showing a friend around our offices today and...

Readers share views on taxing issues.
January 3, 2000... No taxes for campaigns Editor: Associated Industries of Missouri (AIM) supports efforts to bring certain incremental campaign finance reforms to the state of Missouri. Highest on the list are efforts to trim negative campaigning which...

Baker's Ice Co. Inc.(Tim Baker selected as president)(Brief Article)(Statistical Data Included)
January 3, 2000... He had been vice president and general manager. Tim Baker has been elected president of Baker's Ice Co. Inc., effective Jan. 1. Baker's Ice began in 1963 and served a small customer base. It moved into anew production facility in 1997....

Blue Chip Enterprise Award.
January 3, 2000... Sponsored by MassMutual and the United States Chamber of Commerce, the awards have been given to about 1,800 business owners since their inception in 1990. Small businesses that have overcome challenges or seized opportunities and achieved...

Maryland Heights Chamber of Commerce.(offers retirement programs)(Brief Article)(Statistical Data Included)
January 3, 2000... Maryland Heights joins chambers in Philadelphia, Atlanta, Salt Lake City and other cities as well as chambers and trade associations in offering retirement programs to members. Maryland Heights Chamber of Commerce is the first local chamber...

Pizzas of Eight.(winner of Best New Product -- Food Service Award and Brass Ring Award for Marketing Excellence)(Brief Article)(Statistical Data Included)
January 3, 2000... Pizzas of Eight sells pizza systems that include equipment, marketing, training and private label ingredients. St. Louis-based Pizzas of Eight won two awards at the International Association of Amusement Parks and Attractions -- the world's...

Is e-commerce good or bad for your business?(several personal accounts)(Brief Article)
January 3, 2000... Dennis Fennedy General manager Seven Gables Inn It's been very good for our business. Being so small, our Web site has helped us reach a lot of people we couldn't have otherwise. We get about 1,900 hits a month. It's been up three...

Lozano exits PaylinX.(Brief Article)
January 10, 2000... 28 jobs cut, headquarters moves to Virginia Bob Lozano paid a steep price for the $25 million that paylinX is about to get from venture capitalists: his job. At the request of investors, Lozano stepped down Jan. 3 as chief executive of...

Kemp pursues 64-acre plan for St. Peters.(Brief Article)
January 10, 2000... Kemp Homes is negotiating to buy 64 acres at Highway 94 and the future site of the Page Avenue extension in St. Peters to build a multimillion-dollar residential and commercial development. The family owned residential development firm has...