Top News & Analysis St Louis

  • ST. LOUIS, Jan 19- A U.S. bankruptcy judge denied on Thursday a request by Peabody Energy Corp shareholders to order the appointment of an official equity committee in the coal miner's Chapter 11 restructuring, crushing hopes of a recovery for investors. Bankruptcy Judge Barry Schermer asked why more money should be spent on legal fees when unsecured creditors...

  • A dump truck moves coal at the Peabody Energy Somerville Central mine in Oakland City, Indiana last April.

    Peabody Energy Corp is squaring off in court with shareholders who claim their stock should not be wiped out given a rise in prices for the fuel.

  • ST. LOUIS, Jan 19- Peabody Energy Corp, the world's largest private-sector coal producer, is squaring off in court with shareholders who claim their stock should not be wiped out in the company's $8 billion Chapter 11 bankruptcy, given a rise in prices for the fuel. Shareholders led by hedge fund Mangrove Partners hope to prove at a hearing in St. Louis on Thursday...

  • NEW YORK— Donald Trump has vowed his company will do "no new foreign deals" while he is president. Richard Painter, who served as chief ethics lawyer for President George W. Bush, said there are so many pending issues before local governments at each stage of a real estate project, it's like a new deal every time. The Scottish expansion is especially worrisome, Painter...

  • ST. LOUIS— St. Louis' fortunes may be looking up, thanks to a surprising surge in business startups. St. Louis was the nation's fourth-largest city in 1904, the year it hosted the World's Fair. Yet Forbes recently cited St. Louis as the fastest-growing city for startups.

  • Snow and ice cover pedestrian sign

    Freezing rain predicted for many parts of the central Plains and mid-Atlantic US this weekend, drivers warned to stay off the roads, USA Today reports.

  • Jan 13- Bakery cafe operator Panera Bread Co said on Friday it had removed artificial ingredients from its food menu and Panera at Home products in the United States. Restaurant chains- including McDonald's Corp and Yum Brands Inc's Pizza Hut- had committed last year to remove artificial preservatives from some of their ingredients and menu items.

  • James Bullard

    The election of Donald Trump has not yet switched the U.S. economy to a new "regime", St. Louis Federal Reserve bank president James Bullard said.

  • Janet Yellen

    According to new transcripts, Former Fed Vice-Chair Chair Janet Yellen wanted a vow to keep rates low until the unemployment rate fell to 7.5 percent.

  • President-elect Donald Trump provided little clarity on future fiscal policies at a press briefing. Spot gold was up 0.4 percent at $1,196.06 per ounce, after touching a high of $1,198.58, its best since Nov. 23. "There is some kind of uncertainty in Trump's policies and the dollar's upside is also being questioned by the markets," Argonaut Securities analyst...

  • Jan 12- Gold edged higher early on Thursday to hold near 7- week highs touched in the previous session, as the dollar weakened after Donald Trump provided little clarity on future fiscal policies in his first press conference as U.S. president-elect. *A host of Federal Reserve presidents including Philadelphia, Chicago, Atlanta, Dallas and St. Louis will also...

  • CHICAGO, Jan 6- U.S. soybean export sales slid to their lowest in the current marketing year last week, the U.S. Department of Agriculture said on Friday, fueling concerns among analysts and traders that formerly sizzling demand is cooling down. Exporters in the week ended Dec. 29 struck deals to sell 87,500 tonnes of U.S. soybeans for delivery in the 2016/ 2017...

  • Chicago, Jan 5- U.S. seeds and agrochemicals company Monsanto Co, which is in the process of being bought by Germany's Bayer AG for $66 billion, swung to a quarterly profit, helped by higher demand from South America. Sales of soybean seeds and traits jumped 37 percent as more farmers in South America sowed the company's genetically modified soybean seed Intacta...

  • Jan 5- U.S. seeds and agrochemicals company Monsanto Co, which is in the process of being bought by Germany's Bayer AG for $66 billion, swung to a quarterly profit, helped by higher demand from South America. Sales of soybean seeds and traits jumped 37 percent as more farmers in South America sowed the company's genetically modified soybean seed Intacta RR2 Pro.

  • NEW YORK, Dec 30- After a late-year rally fueled by the U.S. election pushed stocks to surprising new peaks, investors are wary that the market could be primed for a spill to start 2017.. That tops the single-digit increase expected by market participants polled by Reuters a year ago, with more than half of the advance coming after Donald Trump's Nov. 8 presidential...

  • *Cempra tumbles after FDA rejects antibiotic. Dec 29- Wall Street ended slightly lower on Thursday, held down by bank shares in quiet holiday trading as traders looked to position for the new year. U.S. equities have stalled in recent days after rallying in the wake of Donald Trump's Nov. 8 election as U.S. president.

  • WILMINGTON, Del., Dec 29- Peabody Energy Corp said on Thursday the deadline for creditors to join financing deals aimed at bringing the largest U.S. coal miner out of bankruptcy had been extended after large investors sued to slow the process. Last week, Peabody unveiled its plan to eliminate more than $5 billion of debt and raise capital from creditors with a $750...

  • WILMINGTON, Del., Dec 29- Peabody Energy Corp said on Thursday the deadline for creditors to join financing deals aimed at bringing the largest U.S. coal miner out of bankruptcy had been extended after large investors sued to slow the process. Last week, Peabody unveiled its plan to eliminate more than $5 billion of debt and raise capital from creditors with a $750...

  • NEW YORK, Dec 23- The dollar held steady on Friday in a tight trading range, as traders moved to the sidelines ahead of the Christmas holiday weekend, leaving the greenback about half a percent below a 14- year peak set earlier this week. It has gained 5 percent against a basket of currencies since Donald Trump's U.S. presidential victory on Nov. 8.

  • CHICAGO, Dec 22- Leading global coal producer Peabody Energy said on Thursday its main creditors support a plan to wipe more than $5 billion of debt from its balance sheet and exit the largest energy-related U.S. bankruptcy this year. Under a reorganization plan filed with the U.S. Bankruptcy Court in St. Louis, Peabody said it expects to cut its debt to $1.95...