Metro-East News

June 4, 2014

Daily business briefing: U.S. productivity falls as labor costs rise

The amount of output per hour of work recorded across the nation declined at an annual rate of 3.2 percent in the first quarter as the cost of labor increased. The Labor Department reported that this is the weakest showing since the beginning of the recession in 2008. For more information, go to http://www.bnd.com/business. ...

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The U.S. trade deficit jumped to a two-year high in April. Analysts cite declining exports and record-high imports for the increased deficit. Find out more at http://www.bnd.com/business. ...

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The St. Louis Business Journal reports that Dr. Kelly Gable, associate professor in the Department of Pharmacy Practice at Southern Illinois University Edwardsville, is the first psychiatric pharmacist to be granted provider and prescriber status by the Missouri Department of Mental Health. Read more at http://www.bizjournals.com/stlouis. ...

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The Hyatt Regency St. Louis at the Arch is on the market. The St. Louis Business Journal reports the hotel, formerly the Adam's Mark Hotel, is being listed for $137 million. Learn more at http://www.bizjournals.com/stlouis.

-- Will Buss, BND business writer

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