Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Newspaper article St Louis Post-Dispatch (MO)

Business Digest

Article excerpt

Missouri jobless rate dips * A new report says Missouri's unemployment rate fell slightly in June to 6.5 percent from 6.6 percent the month before. The report from the Department of Economic Development says the arts, entertainment and recreation industries added 1,800 jobs. The professional, scientific and technical services industries also gained 1,100 jobs during the month. The department says, however, that the state's nonfarm payroll employment decreased by 1,800 jobs in June.

Katz hearing reset for Sept. 4 * A hearing for Francine Katz's motion to seek a new trial in her gender discrimination case against her former employer, Anheuser-Busch, has been rescheduled for Sept. 4 at 9 a.m. in the Civil Court Building in downtown St. Louis. Katz, who once was the top female executive at the brewer, sued A-B in 2009, alleging she was underpaid for several years due to her gender. She sought more than $14 million in what said was missed compensation and interest. In a 9-3 vote in mid-May, a jury sided in favor of A-B, which had denied the allegations. Katz, who lives in Richmond Heights, filed a motion alleging several errors in the trial, including jury instruction mistakes by Judge Rex Burlison.

VW overtakes GM * Volkswagen bumped General Motors Co. out of second place in the global auto sales race during the first half of the year, but Toyota is expected to stay in first place. GM said Wednesday that it sold 4.92 million cars and trucks worldwide from January through June. But VW said it sold 4.97 million. Toyota won't release first-half numbers until later this month. But it was in first place at the end of the first quarter and it expects to sell 10.1 million vehicles this year. VW sales are growing faster than GM's. The German company reported a first-half increase of 5.9 percent. GM's global sales rose only 1.4 percent. Toyota finished first last year with a record 9.98 million sales. GM finished second and VW third.

GE eyes unit sale * General Electric is in talks with potential acquirers about selling its century-old household appliances business, people familiar with the matter told Bloomberg News. …

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