Daily business briefing: Illinois Lottery revenue up, but still below target

July 17, 2013 

The Illinois Lottery reported revenue of $2.8 billion through the first six months of the year, but is still below expectations.

The St. Louis Business Journal cites a report by Crain's Chicago Business that the state lottery's $793.5 million of that revenue going back to the state was still about $153.6 million short of the amount Northstar Lottery Group LLC, a private manager hired by the state, had anticipated. Read more at http:/www.bizjournals.com/st.louis. ...

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Second-quarter profits at Bank of America are up by 70 percent from a year ago. The bank earned $3.6 billion in the quarter after payments to preferred shareholders. Per share, that worked out to 32 cents. Read more about it at http://www.bnd.com/business. ...

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Researchers at both Washington University and Saint Louis University are looking into a pill that would provide the benefits of exercise without the effort. The St. Louis Business Journal reported a story from the New York Times that reports this study has found that mice injected with a protein called REV-ERB lost weight and improved their cholesterol profiles. Find out more at http:/www.bizjournals.com/st.louis. ...

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A Missouri public advocacy group is reporting federal subsidies for commodity crops are subsidizing junk food additives like high-fructose corn syrup. The Missouri Public Interest Research Group says these subsidies are part of the farm bill that expires in September. A new farm bill recently approved by the U.S. Senate and the one that passed the House last Thursday would continue these subsidies. Learn more at http://www.mopirg.org.

-- Will Buss,

BND business writer

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