Business and Finance news

BJ’s Wholesale Club is being acquired by two private equity investors for roughly $2.8 billion.
The nation’s third-largest wholesale club said Wednesday that Leonard Green & Partners and CVC Capital Partners will pay $51.25 per share in cash for BJ’s common stock. That’s a 6.6 percent premium over Tuesday’s closing price of $48.08.
BJ’s has 190 stores […]

St. Louis Mayor Francis Slay weighed into the simmering debate over the future of the Midtown Del Taco Monday afternoon, with a blog post promising extra review before any demolition permit is issued, and urging its owner to consider other ideas for its re-use.
Regardless of any decision by the Board of Aldermen on a request […]

Those who owe back taxes often need help in figuring out their next step. Here with advice is IRS spokesman Jesse Weller.
QUESTION: I retired at age 50 in 2006 and lived off my 401(k). Now I am unemployed and owe the IRS $100,000. What can I do?
ANSWER: One step you should definitely take is to […]

The U.S. economy expanded a little faster at the beginning of the year than previously estimated. But the pace was still anemic and economists don’t see that changing much in the coming months.
The Commerce Department says the economy grew at a 1.9 percent annual rate in the January-March quarter. That’s not much better than the […]

A magnitude-6.7 earthquake rattled northeast Japan on Thursday morning, the U.S. Geological Survey reported.
Japan’s Kyodo news agency reported that the Japan Meteorological Agency issued a tsunami warning for Iwate Prefecture.
The U.S. Pacific Tsunami warning center said that it did not expect a destructive Pacific-wide tsunami.
There were no immediate reports of damage or injuries in the […]

Wal-Mart scored a big victory on Monday when the Supreme Court threw out the largest sex-discrimination case in U.S. history. Still, the nation’s biggest private employer has been forced to address the issues raised in the suit.
Since the sex-bias lawsuit was given class action status in 2004 on behalf of 1.6 million women, Wal-Mart Stores […]

Workers at a Target store in New York voted against joining the country’s largest retail union Friday night, but the union said it would contest the results and demand a new election, alleging that the company illegally intimidated the workers.
Both sides said the workers at Target’s Valley Stream store voted 137-85 against unionization. A “yes” […]

Germany calmed fears that it wanted to force losses on Greece’s private creditors, agreeing on Friday with France that any private sector involvement should be voluntary as part of a new rescue plan European countries are preparing.
Chancellor Angela Merkel and French President Nicolas Sarkozy said they had reached common ground on the delicate topic of […]

O’FALLON, Mo.

SUNSET HILLS