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Friday, July 29, 2016, 11:01 a.m.
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State index off 1.55 in stagnant market

posted: 07/28/2016 6:51 a.m. Discuss

The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, fell 1.55 to 341.98 Wednesday.

Arkansas' 3.9% rise in GDP ranks first in nation

posted: 07/28/2016 5:45 a.m. Comment 1

Arkansas ranked No. 1 in the nation for economic growth at the beginning of this year largely because of an increase in agricultural output, according to a federal report released Wednesday.

Dollar General buys 41 closed Wal-Marts, including 2 in Arkansas

posted: 07/28/2016 5:45 a.m. Discuss

Dollar General has purchased 41 stores closed by Wal-Mart Stores Inc., including two locations in Arkansas.

Murphy Oil ekes out profit of $2.9M

posted: 07/28/2016 5:45 a.m. Discuss

Murphy Oil Corp. posted a profit of $2.9 million for its 2016 second quarter Wednesday, reversing a loss of $73.8 million a year ago.

Fed sees less risk, rules out rate rise

posted: 07/28/2016 2:19 a.m. Discuss

The Federal Reserve is keeping interest rates unchanged while noting that near-term risks to the economy have diminished.

Profit off 43% for trucker P.A.M.

posted: 07/28/2016 2:18 a.m. Discuss

P.A.M. Transportation Services Inc. on Wednesday reported just under $4 million in net income, or 61 cents a share, for the second quarter of 2016.

Mattress stores rife because overhead is low, and bedbugs

posted: 07/28/2016 2:16 a.m. Discuss

Shortly after Melissa Marik moved into a new apartment in February, a Mattress Firm store moved in a block or two away from Marik -- and from another Mattress Firm.

Boeing loses $234M in 2nd quarter

posted: 07/28/2016 2:15 a.m. Discuss

Boeing, absorbing billions in write-downs related to two of its newest commercial jets and a military fuel tanker, reported a loss of $234 million in the second quarter, its first quarterly red ink in nearly seven years.

2 beer titans' merger work halts amid new bid, dissent

posted: 07/28/2016 2:14 a.m. Discuss

SABMiller has suspended work on integrating its operations with those of Anheuser-Busch InBev while it reviews AB InBev's sweetened bid, raising concern about completion of the $104 billion takeover.

Senator: Is Part D in Medicare milked?

posted: 07/28/2016 2:13 a.m. Discuss

A senior senator is examining whether Medicare's prescription-drug benefit is vulnerable to manipulation by pharmaceutical companies that set very high prices for medications.

Japan set to inject $265B into economy

posted: 07/28/2016 2:12 a.m. Discuss

Japanese Prime Minister Shinzo Abe announced on Wednesday plans for more economic stimulus to help revive stalling growth.

Market report: Stocks sag despite Apple's surge

updated: 07/28/2016 2:10 a.m. Discuss

Stocks ended Wednesday's trading slightly lower as shares of energy companies and makers of consumer goods outweighed gains in technology companies such as Apple.

Earnings report

posted: 07/28/2016 2:09 a.m. Discuss

Companies reporting quarterly earnings Wednesday included: Altria Inc., the owner of cigarette-maker Philip Morris USA, a profit of $1.65 billion, or 84 cents a share, up from $1.45 billion, or 74 cents a share, a year ago. Revenue was flat at $4.88 billion. Shares fell $1.18 to close Wednesday at $66.75.

Business news in brief

updated: 07/28/2016 2:09 a.m. Discuss

LR bank loses exec from acquired lender Trevor Burgess, former chief executive officer of C1 Financial Inc. of St. Petersburg, Fla., resigned as chief innovation officer of Bank of the Ozarks on Tuesday, the Little Rock bank said Wednesday.

As Fed ends meeting, few expect much clarity on next increase

posted: 07/27/2016 11:01 a.m. Discuss

WASHINGTON — With consumers spending and employers hiring more freely, the U.S. economy has fared better of late. But when the Federal Reserve ends its latest policy meeting Wednesday, most analysts think it will signal that it wants to see further gains before raising interest rates again.

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