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Cash is king

If cash is king, especially in times of economic turbulence, four St. Louis companies deserve to wear a crown. Emerson Electric Co., Monsanto Co., MEMC Electronic Materials Inc. and Amdocs Ltd. each have amassed substantially more than $1 billion. That should provide some comfort to worried investors — the more cash a company has, the less dependent it is on others for capital.

McAlister’s, franchises find financing a tough go

A year ago, Paul Wilson and business partner Don Harris set their sights on three new McAlister’s Deli franchises, in Fairview Heights and Edwardsville, Ill., and Paducah, Ky.

Monsanto, Energizer among firms seeking travel deals

Tripp Frohlichstein, president of Kirkwood-based MediaMasters Inc., is a platinum member of American Airlines, but he recently made low-cost carrier Southwest Airlines his airline of choice for work.


County hears 'loud wake-up call'

In mid-September, St. Louis County solicited bids for a routine, short-term loan to hold it over until tax revenues could be collected at the end of the year. County officials didn’t realize at the time how closely they avoided a crisis. Read more.

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Steinhoff to take position at bank

Greg Steinhoff won't get much time off between jobs. After he resigns as Missouri's economic development director on Oct. 17, he’ll start the following Monday as the executive vice president of sales and business development at Boone County National Bank.

Filings show demise of Citi-Wachovia deal

The gone-sour deal to sell Wachovia Corp.’s banking operations to Citigroup Inc. began with a 5 a.m. phone call Wachovia’s Bob Steel made to Citigroup’s Vikram Pandit on Sept. 26.

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