Business briefing: Car Max coming to metro-east

Work is underway for the area’s first Car Max.

Mine remediation has begun at the site along Central Park Drive in O’Fallon for the pre-owned car dealership. A ground breaking is expected by August.

Car Max is the nation’s largest used car dealership and has locations across the river in St. Louis and St. Peters, Missouri.

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Shareholders of Office Depot have approved the office supply company’s $6.3 billion acquisition of rival Staples. Read more here.

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Hershey is expected to cut about 300 of its 1,300 employees by the end of the year. Find out more here.

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The price for benchmark U.S. crude oil has dropped to $59.66 a barrel early Friday after having risen the day before. Learn more here.

-Will Buss, BND business writer

This story was originally published June 19, 2015 at 9:01 AM with the headline "Business briefing: Car Max coming to metro-east."