Business Briefing: O’Fallon photography studio makes Inc. 5000 list

A metro-east photography studio has made a list of the nation’s top 5,000 fastest-growing private companies.

Inc. magazine has named Salvatore Cincotta Photography in O’Fallon to its Inc. 5000. Business owner, founder and namesake Salvatore Cincotta is an award-winning international photographer who works out of his studio at 226 State St. His business ranked No. 1,598 on the Inc. 5000 list.

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The nation’s food industry is aggressively trying to stave off mandatory labeling of genetically modified foods by the end of the year. The industry argues that the move should be voluntary and not law, as lawmakers in Washington are attempting to require. Read more here.

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Canadian Pacific has made a new offer to takeover Norfolk Southern. The railroad’s new offer is valued at $91.62 a share. The previous offer was valued at $92.06 a share, which included more cash but fewer shares of Norfolk Southern’s stock. Learn more here.

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In Florida, the governor’s office has reached an agreement with the Seminole tribe that will allow more gambling expansion in South Florida. The new deal is estimated to generate $3 billion for the state over a seven-year period starting in 2017, but the move must be ratified by the state legislature. Find out more here.

-Will Buss, BND business writer

This story was originally published December 8, 2015 at 9:22 AM with the headline "Business Briefing: O’Fallon photography studio makes Inc. 5000 list."