Daily business briefing: Coal prices plunge

June 26, 2013 

Peabody Energy and other coal producers are dealing with the biggest quarterly decline in coal prices in a year, with little sign of recovery in the Asian prices.

The St. Louis Business Journal cites a Bloomberg report according to new data from IHS McCloskey that finds coal has dropped 7.5 percent to $81.20 a ton in the second quarter. Read more at http://www.bizjournals.com/stlouis. ...

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The U.S. economy grew slower than initially estimated. The annual rate growth of 1.8 percent in the first three months of the year was significantly slower than first thought. The steep revision was mostly because consumers spent less than previously estimated, a sign that higher taxes could be having a deeper impact on growth. For more information, go to http://www.bnd.com/business. ...

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Monsanto Co.'s third-quarter profit was down from the prior quarter. The $932 million profit recorded during the quarter is down 3.5 percent from the prior year, which was attributed to almost flat sales and increased operating expenses. For more information, go to http://www.bnd.com/business. ...

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Nation's Restaurant News reports the top 10 growing restaurant chains across the nation:

10. Panda Express

9. Zaxby's

8. Little Caesars Pizza

7. Moe's Southwest Grill

6. Chipotle Mexican Grill

5. Wingstop

4. Buffalo Wild Wings Grill & Bar

3. Cheddar's

2. Jimmy John's Gourmet sandwiches

1. Firehouse Subs

Read about it at http://nrn.com.

-- Will Buss, BND business writer

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