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WASHINGTON (AP) - U.S. employers advertised slightly more jobs in January than in December, a sign that hiring should remain steady in coming months.
 
The Labor Department says employers posted 3.9 million job openings, up 1.5 percent from December. That is still below November's nearly six-year high of 4.1 million, the first month that openings topped 4 million since March 2008.
 
The job market may be emerging from a winter slump. Employers added 175,000 jobs in February, the government said last week. That was much higher than in December and January, when cold weather lowered job growth.
 
Total hiring slipped 0.9 percent to 4.5 million in January. That hiring total might sound like a lot, but in a healthy job market, roughly 5 million people are hired each month.
 
Published in Local News
St. Louis, MO (KTRS) - Several businesses are being honored for helping veterans get back to work.  
 
Ten companies were given the Flag of Freedom award at St. Louis City Hall today for taking part in the “Show Me Heroes Initiative”.  The program has the goal of encouraging companies to pledge to train and hire veterans returning to the workforce.  More than three-thousand companies have made the pledge and more than six-thousand Missouri veterans have gotten work because of it, including more than 500 in the St. Louis area.  
 
Mayor Francis Slay says the city will be putting a charter amendment on this year’s November ballot that will allow preferential treatment when it comes to hiring veterans within the city government.  
 
"We have veterans that have sacrificed personally and their families have sacrificed so that they can protect our freedom, we can continue our way of life", says Slay. "So this is an opportunity for us to give back but our arcane city charter does not allow for us to give preferences to veterans.  This charter amendment will allow that."  
 
The Amendment will take a vote of 60-percent or more to order to pass.  
Published in Local News
JEFFERSON CITY, Mo. (AP) - Missouri Gov. Jay Nixon is heading to Canada to discuss business opportunities with some of that nation's leaders.
 
Nixon plans to travel Sunday to Montreal, then go Tuesday to Ottawa and Wednesday to Toronto.
 
Traveling with Nixon will be first lady Georganne Nixon and the directors of the state departments of Economic Development and Agriculture. The delegation also will include executives from several Missouri businesses.
 
Nixon plans to meet with Canadian government officials and business leaders whose companies have locations in Missouri or are considering expanding in the state.
 
The governor's travel costs are being paid for by the Hawthorn Foundation, a nonprofit organization that frequently finances gubernatorial trade missions.
 
Nixon plans to return to Missouri next Thursday.
Published in Local News

   Several brides will have to find new venues for their upcoming wedding receptions, but they will be getting their deposits back after a St. Charles banquet center closed suddenly this week.  The Spirited Heart Banquet Center closed Monday after twelve years of operations.  

   The business owner, Kimberley Saguto tells the St. Louis Post-Dispatch that she had to close after she was unable to resolve a dispute with her landlord. Saguto says there were eight couples who had scheduled upcoming wedding receptions at the hall.  But she says there wasn't enough other business to keep the business operating.

   Saguto tells the paper that she plans to refund deposits and help find new reception venues for couples.

Published in Local News

JEFFERSON CITY, Mo. (AP) - Missouri Gov. Jay Nixon is calling state lawmakers back to the Capitol to consider incentives aimed at attracting a massive Boeing Co. production facility to the state.

Officials are hoping to entice Boeing to produce its 777X passenger jet in Missouri. Several other states also have been discussing trying to land the project, and Boeing hopes to make a decision early next year.

Nixon called the special legislative session Friday. It will start Monday, Dec. 2, which is about a month before lawmakers convene their regular session on Jan. 8.

Boeing is already one of Missouri's largest employers, with about 15,000 people including thousands of machinists in the St. Louis area.

Published in Local News

JEFFERSON CITY, Mo. (AP) - Missouri businesses will pay higher unemployment taxes next year in order to pay down a state debt to the federal government.

Missouri began borrowing from the federal government in 2008 to pay jobless benefits after an economic downturn drained the state's unemployment benefits trust fund. That debt has remained outstanding for several years.

Businesses are paying a surcharge of $42 per employee this year to help pay down that debt. The Missouri Chamber of Commerce and Industry says businesses will have to pay $63 per employee in 2014.

The chamber says Missouri is one of 14 states being hit with a higher tax rate to help pay down its federal loan. The chamber says Missouri owes $308 million to the federal government.

 

Published in Local News

Governor Nixon was on hand for the grand opening of a high-tech bioscience research company in the Central West End. Cofactor Genomics celebrated the opening of their $3.8 million dollar headquarters at the corner of Clayton and Sarah Streets. Jarret Glasscock is the CEO and founder, and he says the biotechnology industry is key to improving the St. Louis work force.

"We're hiring individuals and talent that is considering being on the west coast or the east coast and that's the talent we're competing for" said Nixon. "So as we continue to invest in this area and we gain that reputation, it becomes easier.  It's like a snowball effect, getting more talent here. So that's what we're hoping to have."

As part of the 10,000 squat foot expansion, Cofactor plans on hiring 24 new employees. 

Published in Local News
Monday, 23 September 2013 13:01

BlackBerry agrees to sell itself

TORONTO (AP) - BlackBerry has agreed to sell itself for $4.7 billion to a group led by largest shareholder, Fairfax.

BlackBerry said Monday that a letter of intent has been signed and its shareholders will receive $9 in cash for each share.

Fairfax head Prem Watsa is a former board member who owns 10 percent of BlackBerry. Watsa stepped down when BlackBerry announced it was considering a sale last month. The billionaire is one of Canada's best-known value investors. .

Trading of the company's stock was halted ahead of the news. BlackBerry shares plunged after the company announced Friday a loss of nearly $1 billion and layoffs of 4,500 workers.

The BlackBerry, pioneered in 1999, was once the dominant smartphone for on-the-go business people and other consumers before Apple's iPhone debuted in 2007.

 
Published in Business

SPRINGFIELD, Mo. (AP) - A Springfield utility is planning to partner with two companies to build what would be the largest solar farm in Missouri.

City Utilities says it will work with Solexus Development in St. Louis and Strata Solar of North Carolina to build the 4.95 megawatt system, with construction to begin next spring.

The Springfield News-Leader reports the companies expect to finalize a contract Monday. The system will be built on 57 acres next to an existing City Utilities generation station near Springfield.

Under the 25-year agreement, Solexus will develop the project and Strata Solar will build, finance and operate it. City Utilities' will connect the system to existing infrastructure, then buy the solar power the system produces.

The system is expected to produce about 9.6 million kilowatt hours per year.

 

Published in Local News
Friday, 09 August 2013 13:07

Layoffs headed to Patch.com

The St. Louis Business Journal reports that layoffs with Patch.com are headed to St. Louis.

Across the company up to 500 employees are expected to lose their jobs and a total of 300 Patch sites could be closed. Patch employs 15 people to operate 24 Patch websites in the area.

Patch.com provides extremely local news. 

Published in Local News
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