Business Failures Decline: U.S. business failures fell...

Business Failures Decline: U.S. business failures fell 6.6% in 1988, the biggest drop in a decade, Dun & Bradstreet Corp. reported. The business information company said 57,098 businesses went under last year, compared to 61,111 in 1987. The decline in failures was especially notable in states with agriculture and oil-based economies, according to the survey. The survey said failures were down in six of the nation’s nine census regions, with only the Middle Atlantic states reporting a significant increase.