Business briefing: Metro-east home builder to be featured on TV show

Homes built in the metro-east by Spencer Homes will be featured this Sunday on a nationally syndicated television program.

The Edwardsville-based home builder will be highlighted on Today’s Builder, which airs on CBS. The program can be seen at 2:30 p.m. Sunday on KMOV-TV Channel 4.

Spencer Homes has been building homes throughout the metro-east, primarily in Edwardsville and Glen Carbon, since 2005. This is the first time a St. Louis-area home builder is being featured on the program.

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The declining demand for coal and crude oil may force CSX to make layoffs. The railroad is reporting low earnings and slow growth could lead to cutting about 1 percent of its workforce. Read more here.

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Subaru has issued a recall of 32,400 of its Impreza compact cars. Faulty airbags have been found in the front passenger seat in certain four-door and station wagon from the 2012 model year. Find out more here.

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Federal Reserve Chairwoman Janet Yellen says interest rates are likely to go back up later this year. Yellen said the economy is reviving to the point that interest rates could be raised soon. Learn more here.

— Will Buss, BND business writer

This story was originally published July 15, 2015 at 9:54 AM with the headline "Business briefing: Metro-east home builder to be featured on TV show."