Daily business briefing: Panera reports higher profits

February 19, 2014 

Panera Bread Co. is reporting a 5.1 percent profit increase in its fourth quarter. The St. Louis Business Journal reports that the St. Louis-based company's net income totaled $54.2 million in the fourth quarter compared with $51.6 million in the prior-year period. Find out more at http://www.bizjournals.com/stlouis. ...

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A state lawmaker wants to charge a penny-per-ounce tax on soda across Illinois. The St. Louis Business Journal cites a Quad-City Times report that Sen. Mattie Hunter, D-Chicago, would add the tax to provide revenue to promote healthy living in the state. Read more at http://www.bizjournals.com/stlouis. ...

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According to the Congressional Budget Office, raising the minimum wage to $10.10 an hour could lift 900,000 Americans out of poverty but also cost a half million jobs. Learn more at http://www.bnd.com/business. ...

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Visa and MasterCard now offer more web-based payment options. The two companies are introducing Internet-based technologies to make it easier for consumers to shop at retail stores without pulling out a credit card. For more information, go to http://www.bnd.com/business.

-- Will Buss, BND business writer

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