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Latest St. Louis Post-Dispatch Stories

2008-07-01 12:00:21

By Jeremiah McWilliams, St. Louis Post-Dispatch Jul. 1--Responding for the first time to Anheuser-Busch Cos.' rejection of its $47.5 billion takeover proposal, InBev of Belgium said today that it "remains committed" to its proposal. The $65 per share offered to shareholders of St. Louis-based Anheuser-Busch reflects the "full and fair" value of the company, InBev chief executive Carlos Brito said in a statement today. Brito criticized Anheuser-Busch's new strategic plan, unveiled on...

2008-07-01 06:00:37

By Joe Holleman, St. Louis Post-Dispatch Jul. 1--Owning a Chevrolet Corvette is cool. So what does that make Jerry Craig, who just bought his 18th Vette? Very cool. Even better, Craig picked up his new black beauty at the Corvette factory in Bowling Green, Ky., on June 23 -- 50 years to the day that he bought his first Vette. "I've loved them since they came out in 1953," said Craig, 72, an engineering graphics professor at Washington University. "I got this newest one in black...

2008-07-01 06:00:22

By Joel Currier, St. Louis Post-Dispatch Jul. 1--Gov. Matt Blunt on Monday signed into law a measure targeting stalking and harassment on the Internet, just two miles from where a teenage girl killed herself in 2006 after receiving cruel messages online. The bill revises the state's harassment law by including telephone and electronic communication. The new law makes harassment a felony for adults who stalk on the Internet or make credible threats against a victim or his or her...

2008-06-30 15:02:49

By Jeremiah McWilliams, St. Louis Post-Dispatch Jun. 30--More details are trickling out of Anheuser-Busch Cos. about the company's plan to cut $1 billion in costs by the end of 2010 -- part of an effort to fend off a takeover proposal by Belgian brewer InBev. "The economic picture has been changing over the past months for all businesses, with sharp increases in costs," Tim Farrell, vice president of corporate human resources, wrote in a Friday memo to salaried employees. "For...

2008-06-27 15:02:23

By David Nicklaus, St. Louis Post-Dispatch Jun. 27--Anheuser-Busch will have to do better than this. After considering InBev's unsolicited takeover offer for more than two weeks, A-B declared Thursday that the $47.5 billion offer "significantly undervalues the unique assets and prospects of Anheuser-Busch." Chief Executive August A. Busch IV sent a letter to his InBev counterpart, Carlos Brito, outlining all the things that make Anheuser-Busch valuable: iconic brands, a nearly 50 percent...

2008-06-27 12:02:44

By Joe Williams, St. Louis Post-Dispatch Jun. 27--When I heard that St. Louis native Jeremy Lasky was the director of photography for the new movie "WALL-E, " my second question -- after "Where did he go to high school?" -- was: "How could there be a director of photography on a movie that's animated inside a computer?" On the phone from his office in northern California, Lasky explained that his job is roughly the same as a cinematographer on a live-action movie: to advise the director on...

2008-06-26 21:01:44

By Jeremiah McWilliams and Jeffrey Tomich, St. Louis Post-Dispatch Jun. 26--The standoff between two of the world's biggest brewers intensified Thursday as Anheuser-Busch Cos. rejected a $47.5 billion buyout bid from rival InBev, setting the stage for a fight that could drag on for months. The board of directors of St. Louis-based Anheuser-Busch unanimously rejected a $65-per-share takeover bid from InBev of Belgium, calling the proposal "financially inadequate and not in the best...

2008-06-26 15:01:39

By Jeffrey Tomich, St. Louis Post-Dispatch Jun. 26--After two weeks with no response to its $47.5 billion buyout offer, Belgian brewing giant InBev signaled Thursday that it is prepared to make a hostile bid for Anheuser-Busch Cos. Inc. InBev filed a lawsuit in Delaware Chancery Court Thursday seeking a judgment to confirm that Anheuser-Busch shareholders could remove all 13 of the St. Louis company's board members without cause. The legal maneuver follows reports that...

2008-06-26 06:02:47

By Tim Logan, St. Louis Post-Dispatch Jun. 26--It's going to get harder to get places by air. On Wednesday, we started to find out just how much harder. American Airlines said it will slash 30 flights a day from its schedule at Lambert-St. Louis International Airport this fall, part of a systemwide cutback announced last month to help it cope with a crippling surge in oil prices. From St. Louis, American will end direct flights to four airports, among them Baltimore and New York's...

2008-06-25 21:02:44

By Angie Leventis, St. Louis Post-Dispatch Jun. 25--CAHOKIA -- The school district here is launching a new K-12 "school of choice," which is expected to compete with the region's first charter school -- and has already attracted more than a third of its students. This latest public education experiment is expected to function similar to Fort Bowman Academy, a Cahokia charter school founded 10 years ago by a group of moms frustrated with the district. Both schools will feature small...


Word of the Day
cruet
  • A vial or small glass bottle, especially one for holding vinegar, oil, etc.; a caster for liquids.
This word is Middle English in origin, and ultimately comes from the Old French, diminutive of 'crue,' flask.
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