Daily business briefing: Alton Steel elects new CEO

December 11, 2013 

The board of directors at Alton Steel have elected James Hrusovsky as chief executive officer. The St. Louis Business Journal reports that Hrusovsky has 31 years of experience in the steel industry, most recently as CEO for Sault Ste. Marie, Ontario-based Essar Steel Algoma. He also was CEO of Severstal Columbus, based in Dearborn, Mich. He succeeds Charlie Linnemeyer, who had served as CEO since 2010. Read more at http://www.bizjournal.com/stlouis. ...

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About 75 percent of young women believe the U.S. needs to do more to bring about equality in the workplace, a new study finds, despite a narrowing pay gap and steady employment gains for women at higher levels of business and government.

A report released Wednesday by the Pew Research Center finds that women under 32 now make 93 percent of what young men earn But the analysis of census and labor data also shows the gender pay gap will widen for women by their mid-30s. Learn more at http://www.bnd.com/business. ...

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The price of oil remains above $98 a barrel Wednesday as the price is expected to show another large drop in U.S. crude stockpiles. The benchmark price for crude for January delivery was down 31 cents to $98.20 in electronic trading on the New York Mercantile Exchange. Find out more at http://www.bnd.com/business. ...

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U.S. regulators have made strides to reduce the kind of trades that nearly toppled the financial system five years ago and required taxpayer-funded bailouts. The Federal Reserve and the Federal Deposit Insurance Corp., the Securities and Exchange Commission, the Commodity Futures Trading Commission and the Office of the Comptroller of the Currency each voted Tuesday to adopt the new rule. For more information, go to http://www.bnd.com/business.

-- Will Buss, BND business writer

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