St. Louis Business Journal articles from October 1996

St. Louis Business Journal archives from October 1996

From bosses to consensus managers: Monsanto executives slowly adjust to new roles.(Company Profile)
October 21, 1996... When Monsanto Co. announced it was considering splitting in two, few in the financial community were surprised. A seven-person management group directed by Chief Executive Robert Shapiro has been mulling over separating its biotech and...

$21 million office building for Clayton; Balke project planned for old Gomes Gallery. (Garrett A. Balke Inc.)
October 21, 1996... Gary Balke and Steve Brown plan to change downtown Clayton's skyline with a seven-story, $21 million office building. The principals of Balke Properties are proposing the new construction for the northwest corner of Forsyth Boulevard and...

Buy helps Young Dental polish off 75% of market. (Young Dental Manufacturing Inc.)
October 21, 1996... Though an accountant by training, George Richmond easily discusses the costly and painful nature of dental hazards like periodontal disease and gingivitis. The virtues associated with preventive dental care are crucial to the bottom line of...

Casino Queen cash fuels East St. Louis rebound.
October 21, 1996... When Gordon Bush took over as mayor of East St. Louis in 1991, the city had six police cars, fire hoses leaked, and fire trucks broke down on the way to fires. Now there are more 65 police vehicles, the city has reduced its debt from $81...

Unity Health Services to pay $3 million for new home. (Unity Health Services' new building)
October 21, 1996... Unity Health Services, the Unity Health System division that provides medical care in the home, is getting a new home of its own. Construction is expected to begin next month on a 40,000-square-foot building on a 5-acre tract on Shoreline Drive...

SLUCare raises occupancy 4.3%, treats more outpatients.(Company Profile)
October 21, 1996... A year after the St. Louis University board of trustees agreed to reorganize its healthcare services into a single business unit, the decision appears to be paying off. In SLUCare's first quarter of operation, July 1 to Sept. 30, St. Louis...

Gieseking takes $2 million firm to top of the line. (Omni Architectural Products President Matt Gieseking)
October 21, 1996... Omni adds finer touches to premier properties Business Activity: Omni Architectural Products sells high-end architectural commercial and residential products, many of them custom made. Matt Gieseking, president of the company, works with...

Thermadyne Holdings Corp. (proxy report excerpts)
October 21, 1996... Randall E. Curran Chairman, president and chief executive officer Thermadyne Holdings Corp. is a manufacturer and marketer of cutting and welding equipment, and wear-resistance products. Operating divisions include Victor Equipment Co., Tweco...

Boston trust firm opens here, buys Mercantile unit. (State Street Bank and Trust Co.; Mercantile Bancorporation Inc.)
October 28, 1996... State Street Bank and Trust Co., one of the largest players in the corporate trust business in the nation, is aggressively seeking new business in the St. Louis area. The company opened a St. Louis office Oct. 15, after acquiring Mercantile...

Fulford builds home sales to $5 million in Illinois. (Mark Fulford and Fulford Construction Inc.)
October 28, 1996... Mark Fulford is typical of the kind of home builder you'll find operating in southwestern Illinois. Unlike the large home builders on the Missouri side of the river, Fulford's company won't be building hundreds of homes this year. Instead, his...

Retailers like Home Depot find land here a tough sell. (St. Louis, MO)
October 28, 1996... Municipal bureaucracy, high costs drive some away, say brokers For national retailers in need of multiple sites, St. Louis is a difficult market to crack, according to area experts. This is especially true for the so-called big box users, the...

Angelica stock at 52-week low; profit shrinks. (Angelica Corp.)
October 28, 1996... Angelica Corp. won't release its third quarter financial results until Oct. 26, but the company's chief executive officer Lawrence Young said earnings per share will drop at least 10 percent. Meanwhile, stock analysts are expecting a more severe...

Couple sets the table for $7 million in recruiting revenue. (Bill and Bonnie Timmons of Resources in Food Inc. and Food Team Inc.)
October 28, 1996... Timmonses place thousands of temps, 2,000 managers Business Activity: "It sounds kind of silly," Bonnie Timmons said, "but, Bill and I were riding in the car one day when Bill said, 'there never really has been a company that deals with a...

Paric helps Boston Market navigate area's zoning maze. (Paric Corp.; Boston Chicken Inc.)
October 28, 1996... The Boston Market chain of home-style-cooking restaurants has encountered some difficult expansion hurdles as it carves out new territory in the St. Louis region. The myriad of municipal zoning and code requirements made building cookie-cutter...

BOMA's new floor measure benefits building's tenants. (Building Owners and Managers Association International)
October 28, 1996... The American National Standard for measuring floor area in office buildings is changing. The new version, ANSI/BOMA Z65.1-1996, is an improved method designed to meet the current and future needs of the many industry professionals concerned with...

Siboney Corp. (proxy report excerpts)
October 28, 1996... Timothy J. Tegeler Chairman, president and chief executive officer Siboney Corp., through its subsidiaries, produces and sells educational software and related materials and owns interests in several natural resource properties. The company's...