Category: Finance

RELEASE: Saint Louis University announces second major gift from Chaifetz family, naming Chaifetz School of Business in honor of $27 million total contribution

Saint Louis University announced today that SLU alumnus and trustee Dr. Richard A. Chaifetz and his wife Jill Chaifetz have increased their giving to $27 million, including $15 million to the University’s business school. In 2007, the couple provided the lead gift of $12 million that enabled the construction of Chaifetz Arena. To honor this new, generous contribution to business education at SLU, the University announces that, effective immediately, it will name its business school the […]

RELEASE: TechAccel makes science advancement investment in plant biotechnology startup Plastomics Inc.

TechAccel LLC announced today it has completed a science advancement investment with Plastomics Inc., a St. Louis-based biotechnology startup making better crops through chloroplast engineering. “Plastomics’ technology holds tremendous promise in its ability to manipulate genetic material in the chloroplast,” said TechAccel’s Chief Science Officer Brad Fabbri, Ph.D. “If successfully developed for corn or other row crops, chloroplast transformation offers a number of unique benefits over ‘traditional’ nuclear transformation, including potential high expression levels of […]

RELEASE: Dividend initiated by Peabody Board of Directors, demonstrating strong financial position, cash flow generation potential and commitment to shareholder returns

ST. LOUIS /PRNewswire/ — Peabody (NYSE: BTU) announced today that its board of directors has declared a quarterly dividend of $0.115 per share on the company’s common stock, payable on March 5, 2018 to shareholders of record on Feb. 19, 2018. “Peabody is pleased to initiate a quarterly dividend program as an important next step in the company’s commitment to shareholder returns, while further demonstrating the company’s strong financial position and robust cash generation potential,” Peabody […]

RELEASE: Community leaders express support for Governor Greitens’ tax plan for working families

Several of the state and nation’s prominent business and community leaders offered their support for tax relief for working families following Gov. Eric Greitens speech Monday. This bold and responsible plan results in a tax cut for 97% of Missouri taxpayers. For 380,000 working-class Missourians, their tax burden will be completely eliminated. Gov. Greitens’ plan will give Missouri the 2nd lowest corporate income tax rate in the country, of states that have a corporate income tax. Ray […]

Clayton real estate developer pleads guilty to insider loan scheme

A Clayton real estate developer has plead guilty to assisting in an unlawful insider loan scheme at the now defunct Excel Bank. Michael Litz, 63, of Ladue, appeared before United States District Judge Audrey G. Fleissig to enter his plea of guilty Tuesday. Sentencing is scheduled for April 25. Litz is the third person to plead guilty in a criminal investigation of Excel Bank, which failed in 2012. Former Excel loan officer Tim Murphy pleaded guilty […]

Clayton-Based RubinBrown expands wealth advisory services by merging in Goltermann & Associates

RubinBrown announced Tuesday it has merged with Goltermann & Associates, expanding the firm’s wealth advisory service in Clayton and St. Louis. Greg and Joe Goltermann and their staff at Goltermann & Associates have merged into the Clayton office of RubinBrown, the nation’s 46th largest accounting and business consulting firm, located at 1 N Brentwood Blvd #1100 in Clayton. The firm has been providing wealth advisory services since 2002 and offering tax preparation, assurance and consulting services […]

RELEASE: Airbnb announces historic home sharing tax agreement with Missouri

JEFFERSON CITY, Mo. — Today, Airbnb, the world’s leading community driven hospitality company, announced a historic tax agreement with the Missouri Department of Revenue that will allow the company to collect and remit state taxes on behalf of its 6,300 Missouri hosts. With the tax agreement in place, the state will be able to fully capitalize on more people visiting Missouri and staying longer through home sharing. Effective February 1, Airbnb will automatically collect and […]

How will federal tax reform affect Missouri?

JEFFERSON CITY, Mo. – The U.S. Congress has crossed the I’s and dotted the T’s with their latest version of tax reform legislation, and the signature by President Donald Trump has officially finalized the $1.5 trillion federal tax overhaul package. The sweeping reform is some of the largest cuts in the nation’s history, the largest rewrite of the federal tax code since the Reagan administration. The tax reform package could mean most Americans will see […]

RELEASE: Susan and Steven Lipstein establish Show Me Strong Families Fund

ST. LOUIS (December 28, 2017) — Parents as Teachers® National Center, headquarters of the evidence-based home visiting model, has announced a gift of $100,000 from BJC HealthCare to establish the Susan and Steven Lipstein Show Me Strong Families Fund. The gift was announced in December at BJC HealthCare’s Annual Meeting. BJC HealthCare made the gift to Parents as Teachers on behalf of Susan and Steven Lipstein to honor Mr. Lipstein’s retirement as Chief Executive Officer […]

RELEASE: Sandring recognized by Continental Who’s Who

KANSAS CITY /PRNewswire/ — Becky Sandring is recognized by Continental Who’s Who as a Pinnacle Professional Member in the field of Finance in recognition of her role as Senior Director of Corridor InfraTrust Management, LLC. An energy infrastructure entity located in the heart of the Kansas City, Missouriarea, CorEnergy focuses on, “identifying and acquiring critical infrastructure enables energy companies to benefit from the monetization of assets, while remaining operationally and commercially in control.” A frontrunner […]