Business and Finance news

Durham medical device company TransEnterix has named a medical device industry veteran chief financial officer.
David Gill's experience includes work as CFO of several companies, including NxStage Medical (Nasdaq: NXTM), CTI Molecular Imaging, and Novoste Corp. (Nasdaq: NOVT). CTI Molecular Imaging was acquired in 2005 by Siemens Medical Solutions USA Inc. for $1 billion.
Gill has led […]

Little more than a decade ago, Monsanto Co. began selling the corn seed with a novel gene to help farmers ward off a pest known as the European corn borer.
This year, the Creve Coeur-based agricultural biotech giant expects to sell 4 million acres worth of a new line of corn seed called […]

General Motors has suspended production of Hummer vehicles pending Chinese government approval of its deal to sell the unit to Sichuan Tengzhong Heavy Industrial Machinery Co., a GM spokesman said Thursday.
The H3 and H3T, the last two Hummer models still being made, are produced at GM’s Shreveport, La., factory. The factory, which also makes […]

WASHINGTON–U.S. regulators took a first step aimed at clamping down on oil speculation Thursday, proposing new limits on trading in energy futures by Wall Street firms and other market players.
The Commodity Futures Trading Commission voted 4-1 for new trade limits on the New York Mercantile Exchange and the Intercontinental Exchange intended to keep […]

Alcoa Inc. on Monday reported a smaller net loss for the fourth quarter, though revenue shrank without improvement in its aerospace, commercial building and gas turbine businesses.
The company, based in Pittsburgh, reported a net loss of $277 million, or 28 cents per share, compared with a loss of $1.19 billion, or $1.49, […]

Timothy Hendron, who is believed to have gone on a homicidal rampage at his workplace Thursday, was suing his employer and Fidelity Management Trust Co., the mutual fund giant. He claimed that he and fellow employees were victimized by excessive fees charged in their 401(k) retirement plan.
Hendron, of Webster Groves, was one of […]

Paul McKee got his tax credits.
In the final hours of 2009, Missouri officials awarded the developer $19.6 million, a key piece of financing for McKee’s ambitious plan to rebuild a big chunk of north St. Louis.
The funds come in the form of tax credits that pay McKee back for buying hundreds of […]

Owners of a new Folsom combo bike shop-coffee shop that already stretches the norm is expanding some more.
Folsom Bike, which opened in October along with the adjoining Folsom Grind, is adding a studio for spin-cycle classes and a studio for athlete coaching sessions with coach Bruce Hendler of AthletiCamps.
Folsom Bike’s additional departments, set to open […]