St. Louis Based Peabody Energy plans to cut 450 jobs at Australian coal mines.
The St. Louis Business Journal reports along with Switzerland-based coal company Glencore Xstrata, a combined 500 mining jobs in Australia will be cut as global coal supplies push down prices.
The cuts will take place over the coming weeks across Peabody's operations in Queensland and New South Wales, where it mines both coking and thermal coal.
Prices for coking coal, used in steel making, have fallen about 40 percent in the last year while prices for thermal coal, used in power generation, have dropped 30 percent in the last two years, according to the news agency.
St. Louis-based Peabody Energy (NYSE: BTU), the world's largest private-sector coal company, reported a loss of $575.1 million in fiscal 2012, on revenue of $8.1 billion.
Another north county beauty supply store has been hit by smash-and-grab thieves. This time it was at Kay Beauty in the 8600 block of Natural Bridge near north Hanley. The incident was reported this morning around 5:00. By the time police arrived, they found a gaping hole in the storefront and a car windshield left behind at the scene. Police aren't sure what was taken. In the past, smash-and-grab thieves have targeted north county beauty supply stores for their expensive hair weaves.
The Calumet Specialty Products Partners plant in Louisiana, Mo. is expanding as a $40 million project begins.
The company produces specialty hydrocarbon, selling to firms like ExxonMobil, Sherwin-Williams and L'Oreal.
Governor Jay Nixon's office says Missouri is providing tax incentives for the expansion contingent upon the company meeting criteria for job creation and investment.
School board members won't be able to hire family members for supervisory positions in the Fox School District if they adopt a proposed anti-nepotism policy at tonight's board meeting.
The Jefferson County district has been struggling with the issue since the district hired Kelly Nash as food services director late last year. Nash is a former McDonald's assistant manager with a high school diploma and no advanced certifications. She's the daughter-in-law of Linda Nash, who was president of the school board at the time.
The policy to be voted on tonight would prohibit board members from hiring relatives to supervisor positions, such as principals, assistant principals and department directors.
Charges could be filed as soon as Tuesday morning against a Wellston City Councilwoman who allegedly attacked a resident during Monday night's council meeting.
Police say it began as a verbal altercation between council member Helen Jackson and an older woman who was addressing the council. But it escalated into a physical altercation after Jackson left her seat behind the podium and approached the woman, allegedly grabbing her arm. Police intervened, restraining Jackson.
The victim was taken to the hospital. Her condition isn't known.
The meeting broke up before the council could vote on the Mayor's appointment of former Pine Lawn Police Chief Rickey Collins with the Wellston police department.
Collins was hired after being fired by Pine Lawn for undisclosed reasons last month.
Wellston Police Chief G.T. Walker says he doesn't want Collins on his force, in part because of questions surrounding his record on the job. "We're in the process of rebuilding the name of the city of Wellston, the police department and all of the other departments," Walker said. "I feel that we need to hire the best that we can, with the cleanest records that we can so that we can move forward."
Walker also noted that Collins had fired many of the former Pine Lawn police officers who currently work in Wellston's department.
Collins says he believes Walker and the other officers who oppose him are looking for revenge.
Traffic pain is on the way for some West County residents next month.
MoDOT will be closing one lane on Route 109 nightly starting the week of July 15. Crews will start the closures at 9 PM each night while the resurface the road between 44 and Route 100.
The work is scheduled to run into the fall and MoDOT encourages drivers to start looking for alternate routes now to be prepared for the closures.
ROSEMONT, Ill. (AP) - Gov. Pat Quinn says he'll decide on a concealed carry bill in a "very reasonable period of time" as the state faces a court-mandated deadline next month.
Lawmakers have sent the Chicago Democrat a bill that outlines rules for who can carry.
Illinois had the nation's last ban on concealed weapons in public. But a federal appeals court ruled it unconstitutional. Lawmakers have until July 9 to comply.
Twenty-three Senate Democrats sent Quinn a letter last week urging him to make his intentions known soon. They're worried they won't have enough time to figure out next steps if he vetoes the bill.
Quinn told reporters Tuesday that it's a very complex and long bill and he wants a thorough review.
Several counties are refusing to uphold the state's ban.
St. Louis police have identified a young woman found dead over the weekend.
29-year-old Annette Bock was found inside a vacant North City home around 6:30 on Saturday evening. No signs of trauma were visible on her body. An autopsy is scheduled to determine the cause of death.
SPRINGFIELD, Mo. (AP) - A former southwest Missouri man is serving nine years in prison without parole for an investment scheme that defrauded senior citizens out of nearly $1.2 million.
Federal prosecutors announced Monday that 68-year-old Steven Gwin, formerly of Ozark, was sentenced Friday and ordered to pay $1.17 million in restitution.
Gwin pleaded guilty Aug. 20 to mail fraud and money laundering. Between August 2005 and March 2007, Gwin solicited investments for retirement ventures and conducted seminars for senior citizens to promote the investment programs.
But prosecutors say once individuals invested with Gwin, he used their funds for personal expenses.