State officials say the March unemployment rate dropped in every Illinois metropolitan area for a record seventh consecutive month.
A report released Thursday by the Illinois Department of Employment Security shows that the Rockford metropolitan area with the state's highest unemployment rate, at 13.3 percent. That's almost 4 percentage points lower than the same time last year.
The Kankakee-Bradley metropolitan area March rate was second-highest, at 12.7 percent.
Other metro areas with jobless rates over 10 percent were:
Peabody Energy Corp. says its profit rose in the first quarter due to higher prices for Australian coal used in steelmaking and increased demand in the U.S.
The world's biggest private-sector coal company says its net income attributable to common shareholders was $176.5 million, or 65 cents per share, in the January-March period. That's up from $133.7 million, or 50 cents, a year earlier.
St. Louis-based Peabody says first-quarter revenue rose 15 percent to $1.74 billion from $1.51 billion the previous year.
A new report says Missouri's March unemployment rate fell by three-tenths of a point to 9.1 percent.
Monday's report from the state Department of Economics also says Missouri employers added a net of more than 24,000 jobs last month.
The hospitality and leisure sector had the biggest gain, adding about 6,300 jobs, while retailers added 5,800 jobs. Other notable increases were construction, with 4,200 jobs added, and business and professional services, up by 2,700 jobs.
Groundbreaking has been set for St. Louis Public Radio and the University of Missouri-St. Louisâ€™ new home in Grand Center.
The public radio stationâ€™s general manager, Tim Eby, confirms that work will begin on the site just east of KETC public television on Friday, April 15. The three-story, 27,000-square-foot building is expected to take one year to complete.
Next Tuesday, St. Louis City voters will vote on Proposition E.Â If the proposition passes, the city will retain its 1 percent earnings tax.Â If the proposition fails, the tax will be phased out over the next ten years.Â Supporters and critics of the earnings tax disagree on many things, including how the tax affects the economic vitality of the city and how prominently the tax figures into peopleâ€™s decisions to live or work in St. Louis.Â But many agree on this: no replacement for the earnings tax is in place and a transition to any combination of alternatives could prove painful.
Updated 5:09 p.m. March 28, 2011 with additional reasons for leaving the board:
The St. Louis Business Journal reports other reasons for Busch's departure:
"For personal and health reasons August Busch IV has decided not to seek re-election at the annual shareholders meeting," A-B spokeswoman Marianne Amssoms said.
As updated 3:30 p.m. March 28, 2011:
The former CEO of Anheuser-Busch Cos., August A. Busch IV, will be leaving the board of Anheuser-Busch InBev following the annual shareholders' meeting, Bloomberg News reports:
The worldâ€™s largest brewer will ask investors on April 26 in Brussels to approve Olivier Goudet, chief financial officer of Mars Inc., and Paul Cornet de Ways Ruart as directors for a four-year term, according to the convening notice published on the companyâ€™s website. Goudet and Cornet will replace Jean-Luc Dehaene and Arnoud de Pret on AB InBevâ€™s board, which will have 12 members following the departure of Busch.
Busch's board seat was always considered a courtesy after Anheuser-Busch was sold to InBev in 2008, as InBev's board went to 13 seats from 12 previously. It will now revert to 12. Busch's term had always been scheduled to end next month, the newspaper said.