Metro-East News

July 29, 2014

Daily business briefing: More than a third of Americans reported to collection agencies

More than 35 percent of Americans have been reported to collection agencies, according to a study by the Urban Institute, due to debt and unpaid bills. Learn more at http://www.bnd.com/business. ...

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Waste Management is selling Energy Capital Partners, a subsidiary, for more than $1.9 billion. The company says the move will help as it redirects its focus on core business. Read more at http://www.bnd.com/business. ...

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Cigarette manufacturer Reynolds American Inc. saw a 6.7 percent increase during the second quarter. The Winston Salem, N.C.-based company reported earnings increased to $492 million, or 92 cents per share, from $461 million, or 84 cents per share, during the second quarter last year. Find out more at http://www.bnd.com/business. ...

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The Standard & Poor's/Case-Shiller 20-city home price index increased 9.3 percent in May from 12 months earlier. That was down from 10.8 percent in the previous month and the smallest annual gain since February 2013. For more information, go to http://www.bnd.com/business.

-- Will Buss, BND business writer

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