Daily business briefing: Walmart seeing drop in business

June 5, 2014 

Revenue at Walmart stores has declined for five consecutive quarters and the number of customers has fallen six quarters in a row. Learn more at http://www.bnd.com/business. ...

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Mercy Hospital in St. Louis plans to cut jobs. The St. Louis Business Journal reports that the Chesterfield. Mo.-based hospital will lay off 200 to 300 from its workforce in seven states later this month. Read more at http://www.bizjournals.com/stlouis. ...

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The Labor Department reports that weekly applications for unemployment benefits rose by 8,000. However, the four-week average fell to 310,250, the lowest average since June 2007. Find out more at http://www.bnd.com/business. ...

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The U.S. income gap is greater now than at any time since the Depression. Incomes for the top 1 percent of U.S. households jumped 31 percent from 2009 through 2012. For more information, go to http://www.bnd.com/business.

-- Will Buss, BND business writer

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