Metro-East News

June 5, 2014

Daily business briefing: Walmart seeing drop in business

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 ...


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 ...


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 ...


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

-- Will Buss, BND business writer

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