urbanSTL

^NBC Nightly news had a very flattering segment on Pittsburg’s economy resurgence. One tech company has this large billboard up in SF.



https://www.nbcnews.com/nightly-news/vi ... 0468163644

DistinguishedDarcy wrote: ↑

May 11, 2018

This article is relevant to the topic of mergers and acquisitions:

St. Louis in the Big Picture: Monopoly and the Capital Markets

It talks about changes in economic policy which has incentivized industrial consolidation.

Yep, St. Louis hit hard by consolidation and didn't take long for Express Scripts HQ to go up for sale and who knows what hit KC will take on T-Mobile/Sprint deal

http://www.stltoday.com/business/local/ ... a3d2f.html

I sure wish Centene would locate these 5,000 jobs in St. Louis instead....

^ I would assume those 5,000 jobs are in part a relocation within the state from the buyout/acquisition of the California company that I can't recall at the moment as well as the fact that state probably has some hire requirements when completing claims for spending their state tax dollars. At same time wouldn't be surprised to see if those numbers referenced for California quietly become smaller as Centene grows its Clayton campus.

http://fox2now.com/2018/05/11/express-s ... dquarters/

Even though Express Scripts Is downplaying the situation and saying they’re committed to St. Louis, does anyone have a concern about the sale of their headquarters building? Is this a harvester of things to come down the road once the acquisition is completed and the synergies are found?

DogtownBnR wrote: ↑

May 12, 2018

http://fox2now.com/2018/05/11/express-s ... dquarters/

Even though Express Scripts Is downplaying the situation and saying they’re committed to St. Louis, does anyone have a concern about the sale of their headquarters building? Is this a harvester of things to come down the road once the acquisition is completed and the synergies are found?

It's this what ATT did with the tower downtown? Sold it, stayed for awhile then moved out?

^A cursory glance at the article would glean the information that the building was never owned by Express Scripts, but why not just make references to AT&T. I'm not saying the same might not occur, but it's usually good to at least gloss over the subject matter you comment on.

I’m starting to believe that companies gradually migrate to where a powerful young or middle-age CEO wants their family to live. Increasingly, that has been the coasts and the South. They move the HQ and the rest follows over the next 20 years if that person is CEO that long.

With regard to our weather, I saw everyone at last night’s Cards game in San Diego were wearing coats. A friend who was transferred to LA said he misses our warm summer late nights. Guess we party outdoors in shorts later here in the summer. Like Europe.

What city in Europe has weather most identical to ours? To address our weather reputation head-on, we need to find our European weather twin, and then label ourselves the Paris, or whatever, of American weather.


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newstl2020 wrote: ↑

May 12, 2018

^A cursory glance at the article would glean the information that the building was never owned by Express Scripts, but why not just make references to AT&T. I'm not saying the same might not occur, but it's usually good to at least gloss over the subject matter you comment on.

I did read it but didn't make it to the bottom apparently. I was reading on my phone. Thanks for the reply though to let me know my mistake. You are correct. It isn't the same thing.

What city in Europe has weather most identical to ours? To address our weather reputation head-on, we need to find our European weather twin, and then label ourselves the Paris, or whatever, of American weather.

St. Louis, the Bratislava of American weather.

captainjackass wrote: ↑

May 12, 2018

What city in Europe has weather most identical to ours? To address our weather reputation head-on, we need to find our European weather twin, and then label ourselves the Paris, or whatever, of American weather.

St. Louis, the Bratislava of American weather.

Ha! Vienna, which is very close to Bratislava, is more what I had in mind.

Believe it or not, this travel question is on Quora and claims to answer which cities in US and Europe have corresponding weather. The site says summers are hotter and winters are colder in the US than in Europe, so they list corresponding summer and winter cities of Europe. I would guess they are only considering temperature, not humidity.
Here is what they claim:

Atlanta - Andalucia
Boston - Venice in summer, Bucharest in winter
Chicago - Milan in summer, Kiev in winter
Dallas - the Middle East (Mecca) in Summer, Andalucia in winter
Denver - has an unusually wide daily temp range; warm, sunny days are similar to Madrid in summer and Milan/Como in winter, but nights range from summer's Bruges to winter's St. Petersburg
Detroit - Belgrade in summer, Oslo in winter
Houston - Andalucia (but hotter at night in Summer)
Las Vegas - the Middle East (Abu Dhabi daytime, Tehran at night) in Summer, Andalucia (or, during the day, Riyadh) in winter
Los Angeles - the Cinque Terre in summer, the Costa del Sol in the hot early Fall, the Greek islands/Italian coast in winter
Miami - just slightly warmer than Sicily in summer, but in winter you have to go beyond Europe to Dubai (or, at night, the Canary Islands)
Minneapolis - Belgrade in summer, worse than Moscow in winter
NYC - Barcelona in the summer, Berlin or Vienna in the winter
Philadelphia - Naples in Summer, Salzburg in winter
Phoenix - the Middle East (Abu Dhabi daytime, Baghdad at night) in Summer, Southern Italy or Spain in winter
Portland - Budapest in summer, Paris in winter
San Diego - Lisbon in summer, the Costa del Sol in the hot early Fall, the Greek islands/Italian coast in winter
San Francisco - Manchester in the cool and foggy summer, Porto's late Summer in the "Indian summer" of early fall, Sicily in winter
St. Louis - Andalucia in Summer, Brussels (daytime) or Innsbruck (night) winter
Seattle - Bristol, England, but with summers a bit closer to Porto
Washington, DC - Naples in Summer, Milan in winter

And, just for good measure:
Anchorage - Edinburgh in summer, Moscow (or worse) in winter
Honolulu - Sicily in summer, but you have to go beyond Europe in winter, when it's slightly warmer than Cape Verde

I would guess the closest to St. Louis in the Summer would be parts of central Iberia, perhaps a more humid version of Madrid.
You need to go towards Northern/Central Europe to find a winter equivalent.

The European city with by far the most similar climate to St. Louis is Volgograd. I'm not sure that will help though

I love our weather. Milder winters than up north and milder summers than down south. Our spring and fall weather (well not this spring) is glorious.

moorlander wrote: ↑

May 16, 2018

I love our weather. Milder winters than up north and milder summers than down south. Our spring and fall weather (well not this spring) is glorious.

It's really great that you are able to put things in perspective, but I wouldn't call our winters nor our summers "mild"

^It was 106 degrees in Phoenix on May 6th. That's Springtime. So yeah, our Summers are relatively mild.

Looks like there won't be a big exodus out of STL for Express Scripts, at least for now: http://www.stltoday.com/business/local/ ... op-story-1

^How many jobs will be lost is yet to be determined. The senior leaders at the companies are still determining how the merged company will be structured.

Well, Peabody is back in. STL has 10 Fortune 500 companies in 2018. Not bad.

https://www.bizjournals.com/stlouis/new ... -list.html

RTP Biz article highlighting St. Louis as a recent threat to their business model.

https://www.google.com/amp/s/www.bizjou ... h.amp.html

CTC: Chose St. Louis over RTP
Bayer Moving NAHQ from RTP to St. Louis. A potential loss of 1,500 employees for RTP.
BASF: Seems committed to RTP but can relocate their office in 3-years and already has a small manufacturing presence in STL.



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Bayer will find $300 million less in synergies due to divesture of more business units than anticipated. I would think that this is a good thing for STL. Not only will there be less synergies in the form of layoffs (I hope), the fact that Bayer had to sell of several units that overlap with Monsanto's should keep more of the operations here in STL. Most notably, Bayer had to sell off their equivalent to Round-Up. Obviously, there is a long way to go before we know the true impact of this deal, but there are signs that point to the impact of this deal being less than first anticipated.

http://www.stltoday.com/business/local/ ... 244D77E2ED

addxb2 wrote: ↑

May 29, 2018

RTP Biz article highlighting St. Louis as a recent threat to their business model.

https://www.google.com/amp/s/www.bizjou ... h.amp.html

CTC: Chose St. Louis over RTP
Bayer Moving NAHQ from RTP to St. Louis. A potential loss of 1,500 employees for RTP.
BASF: Seems committed to RTP but can relocate their office in 3-years and already has a small manufacturing presence in STL.

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For the sake of pure speculation on my part, could a BAYER NAHQ be a possible anchor tenant for ATT One Center? Bob Clark Clayco group would have the national recognition and no doubt the ability to pull it off for BAYER. Southwest growing presence at Lambert would certainly support domestic HQ travel needs and, as many note, International flights to most European cities are rather easy one stop connection.

Following Bayer is pretty interesting right now with the various articles popping up including what are they going to do about their pharma RD. The one thing that seems unique to me is how the Europeans are more willing to look at say St. Louis vs. say the coast because that is where we have to be. Or another way to put it, it seems to be much more of cost basis decision vs. what I think is the overblown emphasis on talent. Big Corporations have the ability to seek out, find and develop talent & St Louis does have the educational institutions in Wash U, SLU & UMSL

http://www.stltoday.com/business/local/ ... 5eea1.html