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MAKING HEADLINES
St.
Louis Region Companies Make the Forbes
500 List
The April
17, 2000 issue of Forbes
featured its 32nd edition of the Forbes
500s. An article summarizing the listing states, "Judging by
the numbers, all the buzz about the New Economy seems well deserved.
In fact, 1999 was a banner year for both Old and New Economy
companies. According to composite figures for the 892 companies
listed, sales haven't been this brisk in more than 10 years,
and profit growth hasn't been better since 1994."
Companies
from the St. Louis region are listed in the table below.
|
SALES
|
NET
PROFITS
|
ASSETS
|
MARKET
VALUE
|
RANK
|
| AMEREN |
413
|
251
|
299
|
*
|
321
|
| ANHEUSER- BUSCH |
143
|
76
|
231
|
115
|
89
|
| CHARTER COMMUNICATIONS |
*
|
*
|
156
|
*
|
455
|
| AG EDWARDS |
*
|
263
|
*
|
*
|
567
|
| EMERSON ELECTRIC |
114
|
78
|
217
|
157
|
90
|
| EXPRESS SCRIPTS |
353
|
498
|
*
|
*
|
662
|
| MALLINCKRODT |
*
|
435
|
*
|
*
|
790
|
| MAY DEPARTMENT STORES |
116
|
119
|
260
|
313
|
148
|
| MONSANTO |
180
|
176
|
184
|
116
|
108
|
| RALSTON PURINA |
318
|
181
|
442
|
347
|
268
|
| REUBSURANCE GROUP/ AMERICA |
*
|
*
|
460
|
*
|
832
|
| SIGMA-ALDRICH |
*
|
468
|
*
|
*
|
848
|
| SOLUTIA |
494
|
414
|
*
|
*
|
743
|
| TWA |
437
|
*
|
*
|
*
|
793
|
|
*denotes
that the company did not make the top 500 in this particular
category
|
Business
Week Names
St.
Louis as one of the Most Affordable Cities
The
April 20 issue of Business Week notes that cost of living
expenses in St. Louis were 5 percent below the national average.
In an article entitled, "The Living is Easy--In St. Louis," the
St. Louis region was named the most affordable metropolitan area
in which to live.
|
|
St.
Louis Named in Top 25 of 315 Regions on Industry
Week's "World-class Communities" List
The St.
Louis region is an ideal location for national and international
business leaders to make major manufacturing investments, according
to a new national study by Industry
Week
magazine. St. Louis' manufacturing diversity and initiatives,
and its entrepreneurial strength, are primary reasons for its
22nd place ranking on the list out of 315
regions that are ranked in Industry
Week's April
3, 2000 cover story, "The Atlas of U.S. Manufacturing."
The
cover story cites in particular the St. Louis region's status
as an entrepreneurial hub. It also notes St. Louis' success
in becoming a center for agricultural biotechnology.
"St.
Louis is also hoping for a defense-sector coup: Boeing is vying
for a $300 billion
Joint Strike Fighter military contract that would provide thousands
of manufacturing jobs," the article adds.
RCGA
President and CEO Dick Fleming, remarks, "The St. Louis region's
ranking by Industry Week as a leading manufacturing center
in the nation strongly affirms the region's commitment to manufacturing,
and supports our belief that manufacturing continues to be a
vital component of the metro area economy. It also reinforces
our belief that we must nurture and support the region's distinct
industry clusters, including advanced manufacturing, biotechnology
and information technology."
USA
Today
Touts St. Louis Region as Center of Biotechnology
A brief
news piece in the April 26 edition of USA
Today
notes the region's strength in biotechnology and life sciences.
It states, "St. Louis may be becoming the Silicon Valley of
biotechnology. Sigma-Aldrich Corp. broke ground on a $55 million
center to house 220 scientists. The research center will be
the third devoted to life sciences to begin building in the
area in the last year."
St.
Louis Region Ranked 5th in Fortune
Magazine's "500" List of Corporate Headquarters Metro Areas
At a time
when the St. Louis region is receiving national media attention
for its continuing successful efforts to grow the number of
entrepreneurial companies in the area -- particularly high-tech
companies -- the metro area's status as a leading center for
corporate headquarters also continues to be touted nationally.
Fortune
magazine's annual ranking of America's top Fortune 500 regions,
published in the April 17, 2000 issue, strongly reinforces
the St. Louis metro area's position as a national corporate
headquarters location. In this new analysis, St. Louis is
ranked ahead of Charlotte, Denver, Cincinnati, Cleveland,
Dallas, Los Angeles, Philadelphia, Pittsburgh and San Francisco.
Despite the continuing pressures of mergers and acquisitions,
in the Fortune 500 nationally St. Louis has maintained its
ranking as one of the top Fortune
headquarters cities in the nation. Since 1996, St. Louis has
been ranked in the Top 10 nationally: ranked #8 in 1996; #7
in 1997; #5 in 1998; tied for #4 in 1999; and #5 in 2000.
The
region's total number of Fortune 500 corporate headquarters
stands at 10, just behind Atlanta with 11; Chicago (with
12); Houston (with 18); and New York (with 42).
RCGA
President and Chief Executive Officer Dick Fleming, notes,
"With the spin-off of Eveready Battery (the new company
is Energizer Holdings Inc.) -- to the ranks of public companies--the
company also likely would have been in the Fortune 500,
bumping the St. Louis region up to 11 firms."
"As
the St. Louis region's economy continues its resurgence, marked
by job growth of 94,418 net new jobs created since 1995, this
ranking by Fortune
strongly affirms the region as an ideal place to start, relocate
or expand a business. The ranking underscores half of our
twin strategy of capitalizing on our historical corporate
headquarters role, paralleling
the region's continuing efforts to grow the number of entrepreneurial
companies in the region."
|
ST.
LOUIS FORTUNE 500 COMPANIES RANK:
1. EMERSON
ELECTRIC (121)
2. MAY
DEPARTMENT STORES
(122)
3.
ANHEUSER-BUSCH (151)
4.
MONSANTO (167)
5.
CLARK USA (325)
6.
RALSTON PURINA (342)
7.
GRAYBAR ELECTRIC (370)
8.
EXPRESS SCRIPTS (371)
9.
AMEREN (439)
10. TRANS
WORLD AIRLINES
(468)
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