Adam Allington

St. Louis City and County have announced a new division to aid business startups and entrepreneurs.

Called “STL VentureWorks," the project is an extension of the recently-formed St. Louis Economic Development Partnership.

St. Louis County Executive Charlie Dooley says STL VentureWorks’ five locations will help connect startups to capital funding sources, as well as provide mentoring and training opportunities.

Agribusiness giant Monsanto has announced a $400 million expansion at its suburban Chesterfield research center.

The company plans to add 36 new greenhouses, plus additional "plant growth chambers," offices and laboratory space at the Chesterfield Village Research Center, on the former Pfizer campus.  According to Monsanto the project will add as many as 675 jobs over the next three years

Missouri Governor Jay Nixon was on hand to announce the expansion at Chicago’s International Bio Convention.

Torrential rains which drenched the Midwest earlier in the week are causing major flooding on the Missouri and Mississippi Rivers.

Missouri Governor Jay Nixon has declared a state of emergency and was on site to inspect flood damage on Saturday.

Nixon conducted an aerial inspection of the region northwest of St. Louis from St. Charles up to Louisiana, MO.  Nixon also paid a visit to the riverside community of Clarksville, where a sandbag levee is the only thing protecting the downtown business district.

The Department of Justice announced on Friday that it has reached an official settlement with Anheuser-Busch InBev and Grupo Modelo.  The deal will allow AB InBev to proceed with its $20 billion purchase of the Mexican brewer.

AB InBev, has been trying to complete a buyout of Modelo, maker of the popular Corona brand, since last June.