Daily business briefing: Furniture Brands has two interested buyers

September 12, 2013 

St. Louis-based Furniture Brands International has announced plans to sell most of its assets to Oaktree Capital Management, but another bidder has emerged. The St. Louis Business Journal reports that New York-based private equity firm KPS Capital Partners has stepped forward. Read more at http://www.bizjournals.com/stlouis. ...

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The number of foreclosures on U.S. homes last month was the lowest in eight years. A total of 55,775 homes entered the foreclosure process last month, a decline of 8 percent from July and down 44 percent from August last year. Find out more at http://www.bnd.com/business. ...

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The U.S. government has come up with window labels that show the gas mileage and pollution of used cars. The labels can be downloaded or viewed online at www.fueleconomy.gov. For more information, go to http://www.bnd.com/business. ...

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Demand for the Apple's iPhone is not as strong as it was in China. Chinese consumers' response to the two new versions of iPhone 5 unveiled earlier this week was weaker than the iPhone 4 as the market is full of cheaper alternative phones. Learn more at http://www.bnd.com/business.

-- Will Buss, BND business writer

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