The Clinton Herald, Clinton, Iowa

Business & Technology

October 1, 2013

St. Louis eyes Chicago over ADM decision

ST. LOUIS (AP) — At opposite ends of Illinois, St. Louis and Chicago have famously parried for more than a century: St. Louis snatched the 1904 Olympics even after Chicago had been named the host city, and the disdain between St. Louis Cardinals and Chicago Cubs fans fuels one of baseball’s biggest rivalries.

Now the competitors are facing off on a new field of play in trying to woo the new global headquarters of Archer Daniels Midland Co., an agricultural giant that has been based for decades in the central Illinois city of Decatur, roughly halfway between the two cities. The multibillion-dollar company announced last week it needed better access to its global customers, including an international airport. But it isn’t just about the 200 executive and information technology jobs that are part of the deal. It’s also about prestige and bragging rights — and no doubt tax revenue from the high-paying boardroom jobs— that come with landing a company that’s among the world’s biggest players in agricultural processing, ranked No. 27 on the Fortune 500 list. Houston, Minneapolis and Indianapolis also have been mentioned as contenders, though ADM is staying mum about its selection process. Chicago has been floated as a favorite by experts, largely because it’s home to the nation’s second busiest international airport and behemoth businesses including McDonald’s, Sears and aircraft-maker Boeing Co. But that hasn’t discouraged its old rival some 300 miles away, which is promoting itself as an agribusiness mecca that already includes the seed giant Monsanto Co.

“We’ve gotta have our swagger,” said Katy Jamboretz, who works for the St. Louis region’s economic development agency. “This would be a huge victory if we were to land a company of that stature.”

If St. Louis has a sporting chance, some submit fan loyalty could play some role: Decatur is downstate Illinois, where at least as many baseball fans root for the Cardinals as the Cubs, maybe including some top ADM executives.

Text Only
Business & Technology
  • Technology plays key part in battling police brutality (with VIDEO)

    Allegations of police brutality are nothing new -- as long as there has been law enforcement, citizens have registered claims that some officers cross the line. But in the last few years, the claims of excessive force are being corroborated with new technology from cell phone cameras, police dash-cams and surveillance videos. 

    July 24, 2014

  • Facebook continues moneymaking trend

    Facebook seems to have figured out - for now at least - the holy grail for all media right now: how to make money selling mobile ads.

    July 24, 2014

  • Has the iPad lost its swag?

    The company reported this week that sales of its sleek, pricey tablet were down 19 percent from last quarter and 9 percent year-over-year.

    CEO Tim Cook tried to reassure investors that Apple's new partnership with IBM to sell its devices to IBM's corporate customers will help make iPads ubiquitous in the workplace.

    July 24, 2014

  • Stewart McCaskill photo McCaskill settles into new role at shoe store CLINTON — An Oklahoma boy at heart, Stewart McCaskill is settling into Clinton and Brown’s Shoe Fit.The 35-year-old has worked with the Brown’s Shoe Fit company for seven years. His brother-in-law, who manages a Brown’s in Colorado, brought Stewart i

    July 24, 2014 1 Photo

  • Earns Mcdonalds [Duplicate] McDonald's profit slips; U.S. sales decline OAK BROOK, Ill. (AP) — McDonald’s Corp. said its profit slipped in the second quarter as sales in the U.S. continued to flag.The world’s biggest hamburger chain has been struggling to boost sales in its flagship market amid intensifying competition,

    July 23, 2014 1 Photo

  • SEC poised to end $1 a share for some money funds WASHINGTON (AP) — Regulators are expected to vote Wednesday to end a longtime staple of the investment industry — the fixed $1 share price for money-market mutual funds — at least for some money funds used by big investors.The idea is to minimize the

    July 23, 2014

  • China McDonald's KFC [Duplicate] China meat scandal hits Starbucks, Burger King BEIJING — A suspect meat scandal in China engulfed Starbucks and Burger King today and spread to Japan where McDonald’s said the Chinese supplier accused of selling expired beef and chicken had provided 20 percent of the meat in its chicken nuggets.C

    July 22, 2014 5 Photos

  • Wal-Mart to cut prices more aggressively in back-to-school push

    Wal-Mart Stores plans to cut prices more aggressively during this year's back-to-school season and will add inventory to its online store as the chain battles retailers for student spending.

    July 21, 2014

  • Hospitals let patients schedule ER visits

    Three times within a week, 34-year-old Michael Granillo went to the emergency room at Northridge Hospital Medical Center in Los Angeles because of intense back pain. Each time, Granillo, who didn't have insurance, stayed for less than an hour before leaving without being seen by a doctor.

    July 21, 2014

  • McDonald's, KFC in China face scandal BEIJING — McDonald’s and KFC in China faced a new food safety scare today after a Shanghai television station reported a supplier sold them expired beef and chicken.The companies said they immediately stopped using meat from the supplier, Husi Food C

    July 21, 2014

Facebook