Daily business briefing: Natural gas will cost less this winter

October 22, 2013 

Ameren Illinois customers can expect to pay less for natural gas this winter. Citing a story by KSDK, the St. Louis Business Journal reports that the utility company's price hedging and storage strategies will save customers between 2 cents and 5 cents per therm this years over last year's rates. To learn more, go to http://www.bizjournals.com/stlouis. ...

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A $400 million expansion announced last April by Monsanto has broken ground in Chesterfield, Mo. The expansion is expected to create 675 new jobs. The Missouri Department of Economic Development has said the agricultural products company can expect to receive more than $31 million in state tax incentives if it creates the expected number of new jobs. Read more at http://www.bnd.com/business. ...

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The 148,000 jobs added to the U.S. economy last month suggests that employers held back on hiring before the 16-day partial government shutdown began Oct. 1. This still lowered the unemployment rate from 7.3 percent to 7.2 percent. The nation's jobless is down from 7.9 percent at the start of 2013. To find out more, go to http://www.bnd.com/business. ...

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The price of oil has fallen below $99 a barrel Tuesday. U.S. crude supplies rose by 4 million barrels in the week that ended Oct. 11. For more, go to http://www.bnd.com/business.

-- Will Buss, BND business writer

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