Daily business briefing: Peabody reports first quarter loss

April 24, 2014 

First-quarter revenues recorded at St. Louis-based Peabody Energy declined by 6.9 percent from the previous year. The St. Louis Business Journal reports the energy company posted a net loss of $44.1 million for the quarter. Last year, the company reported a $19.4 million loss during the first quarter. Read more at http://www.bizjournals.com/stlouis. ...

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United Airlines has reported a $609 million loss during the first three months of this year. The airline attributed $200 million of its loss to the "historic severe" winter weather that impacted much of the nation this past winter. Learn more at http://www.bnd.com/business. ...

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UPS is also blaming the past winter for its drop in first-quarter revenue. The company reported a 12 percent decline in business during the first three months of 2014. For more information, go to http://www.bnd.com/business.

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The number of people seeking unemployment benefits increased by 24,000 last week. The four-week average fell two weeks ago to its lowest level since October 2007. Find out more at http://www.bnd.com/business.

-- Will Buss, BND business writer

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