The News
| Whats Going On In The St. Louis Metro Area |
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Managed care provider Centene entered into a new unsecured revolving credit agreement Tuesday, according to a regulatory filing by the company.
The agreement increases the Clayton-based company’s borrowing capacity from $350 million to $500 million through June 2018.
Barclays Bank PLC served as administrative agent for the agreement and was the largest of the 11 lenders providing $72.5 million of credit, according to the filing with the U.S. Securities and Exchange Commission (SEC). Suntrust…
A split has emerged in the fledgling St. Louis startup community in the wake of the firing of Sarah Spear, who was the executive director of the Arch Grants business plan competition until she was fired last week.
One the one side are the entrepreneurs and young innovators, who see her firing, and especially the way it was done, as an indication that St. Louis is still run by a good-old-boy network of lawyers and financiers who are not ready for the cultural change necessary to transform the region’s…
Boeing Co. CEO Jim McNerney said in an investors conference Wednesday that he is leading an initiative to pressure suppliers to reduce prices.
“And so we have no-fly lists across the company, so if a certain group is not working with us on program A, they will feel the pain on every other program, and they’ll be on a corporate no-fly list” for the next programs, McNerney said. “They’ll not be allowed to bid on new programs with Boeing.”
He said Boeing now has a bigger market share than…
Electrochaea LLC, a portfolio company of Nidus Partners, has received two European grants worth some $500,000 to develop its energy-to-gas technology.
The startup received a grant from the Danish electricity and gas grid company Energinet.dk and will work through a technology demonstration program there to develop its energy-to-gas technology for the Danish market.
St. Louis-based Electrochaea is also eligible for up £40,000 ($60,300) in grant funding from the UK Department of Energy and Climate…