Daily business briefing: Gap between rich and poor may be exaggerated

January 29, 2014 

Prominent economists are questioning how much the gap has widened between America's richest and poorest. Donald Marron, a former director of the nonpartisan Congressional Budget Office and member of the Bush administration's Council of Economic Advisers, believes "there is a significant measurement issue." Read more at http://www.bnd.com/business. ...


The Boeing Co. reported net earnings of $4.59 billion for 2013, up 18 percent from fiscal 2012. The St. Louis Business Journal reports the aviation company's backlog at year-end was a record $441 billion, up from $415 billion at the beginning of the fourth quarter. Find out more at http://www.bizjournals.com/stlouis. ...


The fourth-quarter earnings for WellPoint plummeted 68 percent. The Indianapolis-based health insurer is the nation's second largest. Its medical expenses jumped 18 percent to $14.58 billion. Learn more at http://www.bnd.com/business. ...


Chrysler and Fiat are moving forward as a single company and will be known as Fiat Chrysler Automobiles NV. However, the new company has not determined whether the true headquarters would be in the United States or Italy. For more information, go to http://www.bnd.com/business.

-- Will Buss, BND business writer

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