St. Louis Business Journal articles from October 1997

St. Louis Business Journal archives from October 1997

Liddy, Toan, Bascomb trade up: lock in gains of up to $749,504 on stock options. (Richard Liddy of General Life Insurance Co, Stuart Bascomb and Barrett Toan of Express Scripts sell stock holdings)
October 13, 1997... Lock in gains of up to $749,504 on stock options Richard Liddy of General American Life Insurance Co. locked in a gain of at least $477,150, while Stuart Bascomb of Express Scripts picked up $540,437 and Hendrik Verfaillie of Monsanto,...

Trust services up for grabs: Mercantile, UMB open Illinois trust offices. (Boatmen's Trust Co gives up trust service while Mercantile Trust Co NA and UMB Bank of St. Louis NA set up shop in Illinois)
October 13, 1997... Mercantile, UMB open Illinois trust offices Boatmen's Trust Co. has given area business until Oct. 31 to find a new bank to handle their retirement services, including administration of 401(k) plans. The notice has other banks scrambling for...

Symphony ticket sales up: fine-tunes marketing. (St. Louis Symphony Orchestra)
October 13, 1997... Fine-tunes marketing Bucking a national trend, subscription tickets for the Saint Louis Symphony Orchestra are up 14 percent for 1997-1998, the second season for conductor Hans Vonk. More than half the increase comes from traditional...

SLU sale sets off search for doctors. (Tenet Healthcare Corp purchases St. Louis University Hospital)
October 13, 1997... Physician practices will be the next battleground in the health-care wars now that Tenet Healthcare Corp. has agreed to purchase Saint Louis University Hospital. Health-care insiders expect the acquisition to set off a bidding war for doctors...

The future of money: MasterCard's Global Technology and Operations explores smart cards, Internet.
October 13, 1997... MasterCard's Global Technology and Operations explores smart cards, Internet About 1,300 people at MasterCard International's Global Technology and Operation center in the West Port area are busy creating the Future of money. The facility...

Olive Tree gives branch to disabled in dictation software. (Olive Tree Software Inc)(Company Profile)
October 13, 1997... When David Arnold dictates, it's in the gentlest of tones. That's the way his transcriber likes it. "Wake up," he says into a headset microphone and on the screen of his computer a cursor pulses, waiting for his next utterance. As Arnold...

Conning executives to get stock options with spinoff. (initial public stock offering to boost incomes of Conning Corp executives)
October 13, 1997... Three key executives at St. Louis-based Conning Corp. could end up with stock options worth more than $6.5 million when the company completes its initial public stock offering. Leonard Rubenstein, the chairman and chief executive officer, would...

NuParadigm helps Truman Library save Harry's letters. (NuParadigm stores Harry Truman's letters on compact discs)(Company Profile)
October 13, 1997... Harry Truman was known for giving people hell when he was president. And to some degree his personal letters - at least storing them for the public - posed a helluva problem for the Truman Library Museum in Independence, Mo. In the last two...

Engineered Air captures Army, Air Force contracts; with options, contracts worth $15 million-plus. (Engineered Air Systems Inc lands contracts with US Army and US Air Force)
October 13, 1997... With options, contracts worth $15 million-plus Engineered Air Systems Inc., the defense subsidiary of Engineered Support Systems Inc., has landed two contracts that could be worth as much as $15.5 million. The U.S. Army awarded Engineered...

Big Blue does the wave: revenue figures to swell at Wave Technologies with deal to provide training to IBM executives. (Wave Technologies International Inc)(Company Profile)
October 13, 1997... Revenue figures to swell at Wave Technologies with deal to provide training to IBM executives Wave Technologies International Inc. is making a splash in the way people are learning. The company's method of teaching technology-related...

Kiel Center to issue Blue Chip cards for concessions. (payment alternative to credit cards)
October 13, 1997... Soon visitors to the Kiel Center will be able to pay for beer and nachos with plastic. Credit cards still won't be welcome, but starting Oct. 23, special prepaid debit cards, or smart cards, will. The Kiel, like most arenas, doesn't accept...

Hidden Valley Golf and Ski buys Indiana ski resort for $4.75 million. (acquisition of Ski Paoli Peaks by Hidden Valley Golf and Ski)
October 13, 1997... Hidden Valley Golf and Ski in Eureka has purchased Ski Paoli Peaks, a 15-trail ski area in southern Indiana for $4.75 million. The area, which was owned by an Indiana company called Paoli Peaks Inc., is located 8 miles outside of French Lick...

PaylinX Corp. gets credit for orders with Angelica.(Company Profile)
October 13, 1997... Whether you're a computer user ordering a new hard drive from Packard-Bell or a New York City subway driver ordering a uniform from Angelica Corp., PaylinX Corp. would be happy' to help take your order. PaylinX is a software package that lets...

Boeing lawyers lead reorganized legal department. (Boeing Corp)
October 13, 1997... Ten weeks after its $14 billion merger with McDonnell Douglas, Boeing Corp. is reorganizing the legal department. A Sept. 29 bulletin to employees from Boeing headquarters in Seattle said Ted Collins, Boeing general counsel since before the...

Tapestry hangs division with Chicago rival. (Tapestry Computing Inc gives up software-reselling division to Braun Technology of Chicago)
October 13, 1997... Jim Eberlin's business is booming, thanks to the approaching millennium - so much so that it attracted the interest of a Chicago rival, which bought him out. Eberlin was one-third owner of Tapestry Computing Inc. until the firm was broken up...

Sunrise Assisted Living explores area for senior housing. (Sunrise Assisted Living Inc)
October 13, 1997... Sunrise Assisted Living Inc. is scouting St. Louis for a location to build a high-end senior housing facility. Sunrise has 52 Victorian-style mansions that cater to senior citizens in 11 states. The publicly traded company, based in Fairfax,...

Miller gaining on A-B market with price cuts. (Miller Brewing Co gains advantage over Anheuser-Busch Inc)
October 13, 1997... The nation's No. 1 brewer, Anheuser-Busch Cos., is feeling more pressure from its chief competitor, Miller Brewing Co., according to one key indicator. Supermarket beer sales for Miller gained a full market share point through the first nine...

Whittemore displays savvy creating Marketing Master. (Jeff Whittemore and Craig Jacquez develops marketing software for online presentations)
October 13, 1997... As an independent computer consultant, Jeff Whittemore knows the "year 2000 problem" is a simple one that will require a complicated fix. But as an independent software developer, he also knows that many companies face an even more immediate...

150 losing jobs at prescription company MPS. (Managed Prescription Services Inc)
October 13, 1997... About 150 employees at Managed Prescription Services Inc. in St. Louis are losing their jobs, after Managed's parent company, Humana Inc., decided to get out of the pharmacy benefits management business. A dozen employees were let go...

Business Training Library an option for the little guy.(Company Profile)
October 13, 1997... For corporate giants, employee training programs and the materials for them are but blips on the grand budget radar screen. But for small and mid-size companies, they can bring nightmares to those concerned with the bottom line. The costs...

ADAM helps attorneys probe anatomy of a case. (Animated Dissection of Anatomy for Medicine software)
October 13, 1997... While computers first made their appearance in the courtroom years ago, high-tech communications and computer services are finally making serious inroads in the legal field. Law firms have typically lagged corporate America in adopting voice...

AT&T the latest contender in growing wireless market. (AT&T Digital PCS)
October 13, 1997... Wireless phone competition is heating up - again. Southwestern Bell and Ameritech, which had the field to themselves from 1984 to 1996, now have two new competitors - Sprint PCS and Nextel - with a third on the way, AT&T Digital PCS. "You...

Carrying a tune: Modern Moving Systems hauls in $1 million transporting just pianos.(Company Profile)
October 13, 1997... Modern Moving Systems hauls in $1 million transporting just pianos Business activity: To many families, investment in a piano is their third biggest expense, behind a house and a car. Russ Vitt is taking advantage of people's desire to see that...

High-tech workers' ranks trail demand in job sector.
October 13, 1997... With technology advancing at a rapid pace, colleges and universities can't turn out graduates in high-tech fields fast enough to meet employers' demands. Alan Kalb, senior vice president and director of systems at A.G. Edwards, estimated the...

Hotel planned at Cupples Station. (Stirling Hotels)
October 20, 1997... A Miami hotel company may be willing to do what no other developer has - make something happen at Cupples Station. Stirling Hotels is talking to Blue Cross and Blue Shield of Missouri, the owner of the 10 vacant warehouses downtown, about...

Keeping up with the Joneses: $6.6 million mansion to include bowling alley, theater. (home of Dennis and Judith Jones of Joness Medical Industries Inc.)
October 20, 1997... $6.6 million mansion to include bowling alley, theater There are homes and there are HOMES. Dennis and Judith Jones of Jones Medical Industries Inc. are building one of the latter. The 30,000-square-foot mansion they are constructing in...

Busch to undergo $5 million face lift. (Busch Stadium)
October 20, 1997... St. Louis Cardinals owners say they will make $4 million to $5 million worth of improvements to Busch Stadium, before next season, including a new picnic area in right field. similar to Homer's Landing. The money for the improvements will come...

It's a matter of trust: Bankers Trust opening regional facility.
October 20, 1997... Bankers Trust is opening a regional office in St. Louis to handle some of the $133 billion in institutional trust accounts it picked up from NationsBank Corp. earlier this year. Bankers Trust, the seventh-largest bank in the United States,...

Nursing heads home: demand for nurses expected to soar as managed care moves nurses and patients out of hospitals.(Special Section: Health Care)
October 20, 1997... It is the best of times and the worst of times for registered nurses. According to statistics from the U.S. Department of Labor, registered nursing is one of the fastest growing occupations. While statistics paint a rosy picture for the field,...

SLU opens obesity clinic to fight growing problem. (Saint Louis University)(Special Section: Health Care)
October 20, 1997... Saint Louis University has staked a claim in the $5.6 billion weight loss business, with the establishment of its SLUCare Obesity Clinic. The SLUCare clinic, which opened this fall, is the second weight loss effort associated with an area...

Maritz sells teleservices unit to Matrixx Marketing.
October 20, 1997... After five years of building a telephone marketing and research operation, Maritz Inc. is selling its Teleservices division to Matrixx Marketing Inc., a much larger firm based in Cincinnati. The shift impacts 1,500 employees of the Maritz...

Buyout of EMC, Spectrum unit signal mature market. (Sterling Emergency Medical Care; Spectrum Healthcare Services)(Special Section: Health Care)
October 20, 1997... Hospitals are beginning to turn to outside help to staff their radiology departments, and the Chesterfield-based division of FPA Medical Management, one of the largest players in the health-care management field, hopes to lead the way....

US Airways may land new, low-cost carrier at Lambert. (Lambert-St. Louis International Airport)
October 20, 1997... US Airways appears to be eyeing St. Louis as a destination or possibly as a hub for its new low-cost carrier. The airline won't say officially where it plans to fly with its new low-cost airline-within-an-airline, but it recently completed...

CMS keeps down cost of health care for prisoners. (Correctional Medical Services)(Special Section: Health Care)
October 20, 1997... How should a doctor behave toward a patient who is scheduled to die? This is one question few health care workers will ever ask themselves - unless they happen to find themselves in the infirmary of a maximum security prison, working for a...

Gould lays out $1 million to reopen Color Tile stores. (Jim Gould)
October 20, 1997... Jim Gould, who last year was recognized as one of St. Louis' Entrepreneurs of the Year, is betting $1 million he can revive the Color Tile floor covering name. That was the price he paid for rights to the name, along with other Color Tile...

HealthSouth opens on-site rehab centers at A-B, Boeing. (Anheuser-Busch Cos. Inc.; Boeing Corp.)(Special Section: Health Care)
October 20, 1997... Some local companies are using on-site rehabilitation and physical therapy facilities in an attempt to cut down on the number of days workers miss due to injuries. HealthSouth Corp., a Birmingham, Ala.based company that has been increasing its...

Museum of American music proposed. (plans for America's Music Center on the East St. Louis, MO, riverfront)
October 20, 1997... A nonprofit group chaired by William H. T. "Bucky" Bush is quietly pursuing plans to put a Smithsonian Institution-affiliated museum of American music on the East St. Louis riverfront. Tentatively dubbed America's Music Center, the project is...

American Home Vision eyes growing market niche.(Special Section: Health Care)
October 20, 1997... Think doctors don't make house calls anymore? American Home Vision does. This St. Louis-based company brings the optometrist office to patients. American is the largest "in-house" eye care provider in Missouri, offering comprehensive services...

Bill Gates. (e-mail interview)(Biz: The Journal of Small Business)(Interview)
October 20, 1997... Software giant Microsoft Corp. was a bit slow to pick up on the Internet explosion. But once Microsoft chairman Bill Gates grasped its significance, he threw the company's vast resources behind an effort to "embrace and extend" the Internet's...

CenterPoint turns Dial off, selling Illinois warehouse. (CenterPoint Properties Inc.; Dial Corp.)
October 20, 1997... After just three months, CenterPoint Properties has decided to sell the 812,000-square-foot warehouse it is building for Dial Corp. in Madison County. The building, under construction, is the first in the 2,700-acre Gateway Commerce Center,...

Optometry school sets sights on elderly vision loss. (University of Missouri-St. Louis School of Optometry)(Special Section: Health Care)
October 20, 1997... Dr. Larry Brown sees the future. What Brown, a professor at the University of Missouri-St. Louis School of Optometry, predicted is a growing population of baby boomers, and, as they move toward retirement, a larger percentage of them suffering...

Glennon pushed off Michelob job; picked up by Leap. (The Glennon Co.; Michelob beer; The Leap Partnership)
October 20, 1997... A-B media spending The brewery is beefing up its media buying for No. 1 selling Budweiser, but cutting or holding flat advertising for other brands. January-June'97 % change Budweiser...

It's not how you feel, it's how you look - mahvalous.(Special Section: Health Care)
October 20, 1997... With cosmetic surgery mote affordable and convenient than ever, many executives are visiting doctors rather than personal trainers in their quest for a more youthful look. Many cosmetic procedures, such as liposuction (fat removal) and...

ISDN lines: passe on fast lane? (integrated services digital network)(Biz: The Journal of Small Business)
October 20, 1997... More. Better. Faster, faster. That's the mantra of Internet users whose now-whetted appetites have made them eager for online information. It's a vicious cycle: applications attract users, who demand better programs, and quicker. Like Tom Cruise...

Internet success stories: visionaries tell their stories of how they are making money on the Internet. (includes related article on advice from a World Wide Web site designer/shopkeeper)(Biz: The Journal of Small Business)(Cover Story)
October 20, 1997... PHOTODISC: ONE SHOT AT A GOOD IMPRESSION SEATTLE - By 2000 Mark Torrance pictures half of PhotoDisc Inc.'s revenues coming from its Internet site. That's significant when you take into account that PhotoDisc, which sells digital stock...

Home health firms upset with government criticism.(Special Section: Health Care)
October 20, 1997... The home health-care industry has come under fire in government reports that indicate widespread fraud, but industry advocates in Missouri and other states say the government isn't playing fair with its findings. According to the Home Health...

Problem forces Meridian to boost syringe production. (Meridian Medical Technology Inc.)
October 20, 1997... Production is expected to increase at Meridian Medical Technology Inc.'s Brentwood manufacturing facility, following a company-initiated exchange for two products made at the plant. G. Troy Braswell, vice president of finance and controller,...

Medical association lobbies for screening, payment laws. (Missouri State Medical Association)(Special Section: Health Care)
October 20, 1997... In the wake of one of its biggest legislative wins, the Missouri State Medical Association plans to pursue some unfinished business in 1998. The MSMA, which represents some 6,000 member physicians, helped marshal H.B. 335 through the Missouri...

Washington U. team has inside track to doctor Cardinals. (Washington University School of Medicine; St. Louis Cardinals)
October 20, 1997... The department of orthopedic surgery at the Washington University School of Medicine appears to be the leading candidate to replace Dr. Start London, who was removed as the Cardinals team doctor last week after 29 years of service. Another...

Unity to save $3.8 million a year by merging hospital lab services. (Unity Health)
October 20, 1997... Unity Health is expected to save $3.8 million a year on laboratory costs by 2002, after it completes a reorganization of hospital lab services. Lab services are being reorganized into a new business unit, Unity Labs, which will provide...

De Novo group provides help to physicians' spouses.(Special Section: Health Care)
October 20, 1997... When a physician struggles with substance abuse or other mental health problems, his or her spouse bears a heavy burden also. To support the spouses of impaired physicians, a support group called De Novo was founded in 1995. The group was...

BJC, HealthSouth plan Gamma Knife: to compete with Tenet for patients with brain disorders. (BJC Health System; HealthSouth Corp.)
October 20, 1997... BJC Health System and HealthSouth Corp. have formed St. Louis Regional Gamma Knife, a joint venture designed to bring a highly advanced radiosurgery technique used to treat brain disorders to Barnes-Jewish Hospital. BJC and HealthSouth plan to...

Lasers latest tool in dentists' arsenal to brighten smiles.(Special Section: Health Care)
October 20, 1997... Look for a new light in your dentist's office. Some dentists are turning to lasers for use in whitening teeth, the most requested cosmetic dental procedure. Faster, but more expensive than traditional bleaching methods, the treatment...

Buyout speculation sends D&K's stock price soaring. (D&K Healthcare Resources Inc.)
October 20, 1997... Shares of pharmaceutical wholesaler D&K Healthcare Resources Inc. shot up 17 percent over just two days to reach $9 per share by Oct. 10 on speculation the company may be bought soon. The drug wholesale industry has been consolidating rapidly,...

For the record: how secure is your health information?(Special Section: Health Care)
October 20, 1997... Privacy has a tradition among medical professionals. The Hippocratic oath holds physicians to not discuss conditions of a case without explicit permission from the patient. The Information Age, however, has some questioning the security of...

Roldan exports way to $3 million in revenue.(Small Business)(Company Profile)
October 20, 1997... Business Activity: Roldan Products Corp., a family-owned export management company, has survived a world war, an oil crisis and periodic upheavals abroad for more than 70 years. Now, the oldest export house in Missouri is branching out into other...

SSM creates policy group to monitor health industry. (SSM Health Care)(Special Section: Health Care)
October 20, 1997... SSM Health Care is starting the SSM Policy Institute, a separate corporation, to assess and monitor health-related public policy in the six states in which SSM operates. The institute will not only monitor what is going on in health care, but...

HBE, Christner redesign health care for speed, comfort. (Christner Architects & Planners Inc.; Hospital Building & Equipment Co.)(Special Section: Health Care)
October 20, 1997... Comfort and speed are the buzz words when it comes to health-care architecture. Architects are responding to the healthcare industry's requirements for greater efficiency and convenience as it integrates services and information. The...

Internet security: fear of buying on the Internet: coming in for a soft landing?(Biz: The Journal of Small Business)
October 20, 1997... The way Henry Messenger figures it, he's about as likely to be ripped off using his credit card to buy goods or services over the Internet as he is buying goods and services at a traditional retail outlet. That is to say, not very likely at...

Magna Group Inc. (Proxy Report Excerpts)(Company Profile)
October 20, 1997... G. Thomas Andes Chairman and chief executive officer Magna Group Inc. is a community banking organization focusing on retail and community banking and targeting consumers and small- to mid-sized businesses. Magna provides a range of financial...

Casino owners ready to pull out. (Showboat Inc)
October 27, 1997... Showboat holds 80% stake in Lemay project The Las Vegas gaming company behind a proposed Lemay casino is considering pulling out of the project. The St. Louis Business Journal has obtained a copy of a confidentiality agreement being...

Booker to be bought. (Booker Associates Inc to be acquired by Parsons-Binckerhoff Inc)
October 27, 1997... The engineering design firm Booker Associates is being bought by New York-based construction giant Parsons-Brinckerhoff, according to sources close to Booker. If the sale goes through as expected, Booker would become one of the many firms...

5 Clayton buildings sold. (Siteman Organization sells Clayton, MO, office buildings to Insignia Commercial Group Inc)
October 27, 1997... The Siteman Organization is selling five office buildings in Clayton to Insignia Commercial Group for more than $26 million, according to sources in the real estate community. The deal includes the 130 Building at 130 S. Bemiston: Aragon Place...

Mega problems in cards for Bentley. (Bentley International Inc)
October 27, 1997... Needs up to $700,000 to offset debt Bentley International Inc., formerly Megacards Inc., must raise between $400.000 and $700,000 or face going out of business, according to company filings with the Securities and Exchange Commission. The...

Renting an office? Expect to pay for halls, bathrooms. (St. Louis and Clayton, MO)(Real Estate)
October 27, 1997... Landlords in St. Louis and Clayton have always charged rent on the halls and bathrooms outside tenants' offices, but the office market is so tight in greater St. Louis these days that the practice is spreading to suburban office buildings....

Glick buys GSA building for telecommunications use. (real estate developer Jerome Glick buys American National Insurance Co-owned General Services Administration building in St. Louis, MO)
October 27, 1997... Real estate developer Jerome Glick has big plans for a mostly vacant downtown office building. Glick is purchasing the 18-story GSA building at Olive Street and Tucker Boulevard with the hope of transforming this shell space into a major...

Tax credit drives low income apartment construction here. (St. Louis, MO)(Real Estate)
October 27, 1997... A federal program credited for nearly all the new apartment construction in the St. Louis area in this decade is getting a thumbs up from the General Accounting Office. In a report released in early October, the GAO said the Federal Low-Income...

Creve Coeur Center being bought by Miami developer. (Darryl Parmenter and Westbrooks Partners joint venture is buying office building in St. Louis, MO, owned by Solomon Brothers Realty Co and Northwestern Mutual Life Insurance Co)
October 27, 1997... Complex expected to bring about $60 million A joint venture between Miami developer Darryl Parmenter and Dallas-based Westbrook Partners is buying Creve Coeur Corporate Center. The property, which is jointly owned by Solomon Brothers Realty...

Film festival needs blessing in cash from corporate angel. (St. Louis, MO, Film Festival)
October 27, 1997... The St. Louis Film Festival, which opens Oct. 30 and runs for another 10 days, wants to be touched by an angel. Board president Mary Strauss said the annual event, now in it sixth year, needs a cash infusion to realize its goal of becoming a...

Ross wraps sale of Paper Warehouse to employee. (Ann Ross)
October 27, 1997... Ann Ross remembers the days when she was looked upon as an aberration - a woman owning her own business. That was 21 years ago - in 1976 - when Ross opened the first Paper Warehouse store in St. Louis. Now, Ross, 54, has decided it is time to...

Nooney could lose control of REIT to K.C. investor. (Gregory Nooney; real estate investment trust; Kansas City, MO)(Real Estate)
October 27, 1997... St. Louis might be about to lose one of the few real estate investment trusts still based in the city. Local real estate luminary Gregory Nooney has asked a Kansas City judge to rule on the voting rights of a contested block of shares now in...

County seeks $300,000 from Lemay Bank. (St. Louis County, MO; Lemay Bank and Trust Co)
October 27, 1997... St. Louis County has asked Lemay Bank & Trust Co. for $300,000 to turn the bank's former headquarters into a telecommuting center. The bank offered to donate the building, appraised at $2 million in 1994, to the county, but county officials...

Stolar, Lewis Rice benefit from hot real estate market. (St. Louis, MO, law firms Stolar Partnership and Lewis Rice and Fingersh)(Real Estate)
October 27, 1997... Lawyers find demand higher With the real estate market gaining speed, real estate attorneys in St. Louis, Baltimore and other cities around the nation are hustling to keep up with demands on their time. Officials at about a dozen St. Louis...

Mo. State Bank moving to MCI building. (Missouri State Bank and Trust Co)
October 27, 1997... After 30 years on Tucker Boulevard, Missouri State Bank and Trust Co. is moving its headquarters 12 blocks east to the MCI Building at Fourth and Walnut. The bank has signed a lease for 8,500 square feet on the MCI Building's ground floor and...

McCarthy lands $11 million contract for Bodine expansion. (Bodine Aluminum Inc)(Real Estate)
October 27, 1997... McCarthy was recently awarded another contract for expansion to the Bodine Aluminum plant in Troy, Mo. Their 10th contract with the company in two years, this $11 million expansion will add 100,000 square feet to the existing casting plant. As...

CDA, state programs promote homeownership in city. (St. Louis, MO's Community Development Agency)(Real Estate)
October 27, 1997... In its search for neighbors, the city of St. Louis is courting them with homebuyer-assistance programs. The city, through its Community Development Agency, offers several programs to assist homebuyers with purchasing and renovating homes...

Netel links construction users with Builders Networks.(Real Estate)
October 27, 1997... A new system by Nextel is making calling people within the construction industry easier and less expensive. The Builders Network combines a digital cellular phone, a digital two-way radio, pager and voice mail system. It's set up so everyone...

Laser Vision keeps eye on profitability, not purchases. (Laser Vision Centers Inc)
October 27, 1997... John Klobnak, chairman and chief executive officer of Laser Vision Centers Inc., said the company is focused on its red ink - not on acquisitions. Klobnak's statements cast doubt on speculation in an Oct. 17 report by Dow Jones. Thestory...

Goodbye big commissions. (ValueList Real Estate Inc)(Real Estate)
October 27, 1997... Bob Mitchell's ValueList sells homes for a flat fee rather than on percentage commission Tired of paying high commission rates when selling your home? Then check out ValueList Real Estate Inc., a discount, full-service real estate company...

Collinsville hopes to make splash with $6 million park. (S.M. Wilson and Co awarded contract to build Splash City Family Water Park in Collinsville, MO)(Real Estate)
October 27, 1997... Come Memorial Day weekend, the city of Collinsville will have a new summer attraction for area residents and visitors: a mammoth state-of-the art water park designed to appeal both to families with small children and the teenage crowd. The $6...

Showing their metal: Zimmerman-McDonald sells $6 million in machinery. (Zimmerman-McDonald Machinery Inc)(Small Business)
October 27, 1997... Business activity: Zimmerman-McDonald Machinery Inc. sells used and new metalworking machinery to manufacturers that make everything from car parts to playground equipment. "Anything that anybody wants to make out of metal, there's a piece of...

Moderate home building ranks area 35th out of 50. (St. Louis, MO, housing)(Real Estate)
October 27, 1997... Although St. Louis is ranked 35th out of 50 metropolitan areas in demand for new housing, local home builders do not seem too worried. A survey by American City Business Journals based the results on the number of residential building permits...

$12 million construction job under way at Sunnen park. (Cozad Commercial Real Estate Ltd; Cozad Property Management Co)(Real Estate)
October 27, 1997... Sunnen Business Park continues to expand its presence in Maplewood with the addition of two new $6 million buildings. Construction is under way on a 71,580-square-foot, single-story office building. The multi-use structure, whose address is No....

REITs expect to continue assault on St. Louis market. (real estate investment trust; Missouri)(Real Estate)
October 27, 1997... The St. Louis real estate market has been a hot spot for real estate investment trusts in recent months. The REITs that already have a presence here - Duke Realty Investments and First Industrial Realty Trust - continue to buy and develop...