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Top Picks - Capture Arkansas

Business

EpiPen price rise raises concerns; CEO at center of call for inquiry is senator’s daughter

posted: 08/25/2016 5:45 a.m. Comments 5

Members of Congress are in an unusual position as they demand an explanation for Mylan NV's 400 percent price increase for the EpiPen and focus attention squarely on Chief Executive Officer Heather Bresch.

USDA to buy $20M chunk of cheese

posted: 08/25/2016 5:45 a.m. Discuss

The U.S. Department of Agriculture plans to buy $20 million of stockpiled cheese to distribute to food banks and pantries nationwide to stem farmer losses after dairy prices plummeted during a global milk glut earlier this year.

Thumbs go down as CEO pay rises

posted: 08/25/2016 2:13 a.m. Discuss

Huge paydays for chief executives, at least as designed, are supposed to reward great performance for investors. But when it comes to what their workers think of their performance, the highest-paid chief executive officers actually tend to get the worst ratings from employees.

$39M in grants to lift coal towns

posted: 08/25/2016 2:13 a.m. Discuss

Communities in nine U.S. states that have been hard-hit by coal layoffs are being promised more than 3,000 jobs in several industries through a multimillion-dollar federal grant.

Inventory shortage pushes home prices up, July sales down

posted: 08/25/2016 2:12 a.m. Discuss

Sales of previously owned homes fell 3.2 percent in July to a seasonally adjusted annual rate of 5.39 million, the National Association of Realtors said Wednesday.

Gulf oil-lease auction draws bids on only 24 of 4,400 lots

posted: 08/25/2016 2:10 a.m. Discuss

The federal government's annual sale of oil and gas leases in the Gulf of Mexico attracted hardly any interest Wednesday, reflecting a dismal outlook for offshore drilling.

Market report: Health sector pushes stocks down

posted: 08/25/2016 2:08 a.m. Discuss

Stocks closed lower on Wednesday, led by sharp declines in health-care companies as concern over the steep price increases for Mylan's EpiPens escalates.

Corn crop showing heat-damage signs; forecast doubt cast

posted: 08/25/2016 2:08 a.m. Discuss

Participants in an annual tour of the U.S. corn belt are finding evidence that a recent U.S. government forecast for record production this year may be overstated and that hot weather has harmed the crop.

News in brief

updated: 08/25/2016 2:06 a.m. Discuss

Waltons' shares net $255M for charities Members of the Walton family sold more than 3.5 million shares of Wal-Mart Stores Inc. stock from a trust established last year to trim the family's ownership stake and fund its charitable interests.

U.S. home sales fell in July amid inventory shortage

posted: 08/24/2016 11:07 a.m. Discuss

WASHINGTON — U.S. homebuyers pulled back in July, as sales declined amid a shortage of available properties and steadily rising prices.

Little Rock visitors bureau will buy downtown building for $3.35M

posted: 08/24/2016 5:45 a.m. Discuss

Little Rock's Advertising and Promotion Commission members voted 4-3 Tuesday in favor of purchasing the Cromwell Building for $3.35 million.

Best Buy shares soar on strong 2Q

posted: 08/24/2016 2:12 a.m. Discuss

Best Buy Co. shares jumped almost 20 percent Tuesday, the company's biggest one-day gain since 2001, after the company reported better-than-expected results in the May-to-July period.

Retailer: Sales up 11.8% at website

updated: 08/24/2016 2:12 a.m. Discuss

Wal-Mart Stores Inc. Chief Executive Officer Doug McMillon wasn't happy with the company's e-commerce sales in the first quarter of fiscal 2017, saying year-over-year growth had become too slow for a retailer pumping billions into the expansion of its online capabilities.

Expect curbs, German tells U.K. banks

posted: 08/24/2016 2:11 a.m. Discuss

The European Union won't bend its rules to preserve access for London's financial district once Britain leaves the bloc, according to German lawmaker Michael Fuchs, an ally of Chancellor Angela Merkel.

July sales for new homes up by 12.4%

posted: 08/24/2016 2:10 a.m. Discuss

Americans stepped up their purchases of new homes in July to the fastest pace in nearly nine years, the latest sign that low mortgage rates and a solid job market are helping support the residential real estate market.

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