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Jobless benefits sign-ups decrease

posted: 05/27/2016 1:50 a.m. Discuss

Fewer people sought unemployment aid last week for the second week in a row, the latest evidence that hiring is likely solid.

Labor protests escalate in France

posted: 05/27/2016 1:49 a.m. Discuss

French protesters scuffled with police, dock workers set off smoke bombs and union activists disrupted fuel supplies and nuclear plants Thursday in the biggest challenge yet to President Francois Hollande's government as it tries to give employers more flexibility.

Pending home sales highest in 10 years

posted: 05/27/2016 1:48 a.m. Discuss

Americans signed more contracts to buy homes in April for the third-straight month, driving pending home sales to the highest level in more than a decade.

China protests U.S. duties on steel

posted: 05/27/2016 1:47 a.m. Discuss

China accused the United States on Thursday of hampering trade after Washington imposed duties of up to 450 percent on Chinese steel in its latest response to a flood of low-priced imports.

Yellen speech expected to delay traders' holiday

posted: 05/27/2016 1:46 a.m. Discuss

The Friday before Memorial Day weekend is typically dead on Wall Street. The bond market shuts early and trading in stocks slows to a trickle as everyone hightails it out of town.

Market report: U.S. stocks finish day mostly flat

posted: 05/27/2016 1:45 a.m. Discuss

U.S. stocks barely budged Thursday as investors moved cautiously after two days of large gains. Utilities and phone companies' stock rose the most thanks to a decline in bond yields, while chemicals companies and banks surrendered some of their recent gains.

Business news in brief

posted: 05/27/2016 1:44 a.m. Discuss

Mortgage rates up, still below last year

News in brief

posted: 05/27/2016 1:42 a.m. Discuss

Bank exec honored for rural advocacy The Arkansas Economic Development Commission on Thursday named Rex Nelson the Rural Advocate of the Year. Nelson is director of corporate community relations for Simmons Bank.

Sears posts wider loss, looks at options for Kenmore, others

posted: 05/26/2016 11:25 a.m. Discuss

NEW YORK — Long-struggling retailer Sears says it plans to try to leverage its strongest brands like Kenmore and Craftsman to help sustain itself as it posted a larger first-quarter loss Thursday and said sales fell at its Kmart and namesake stores.

CEO pay up 4.5% though stocks flat

posted: 05/26/2016 5:45 a.m. Discuss

Chief executive officers at the biggest U.S. companies got on average a 4.5 percent pay raise last year. That's almost double the typical American worker's, and a lot more than investors earned from owning their stocks.

Boeing kits out new wing center

posted: 05/26/2016 2:08 a.m. Discuss

Boeing has begun installing heavy equipment and robotic machines inside its new 777X composite wing center in this Seattle-area city, and the first engineers have moved into offices that overlook production.

Fed rate said on topic list of China

posted: 05/26/2016 2:08 a.m. Discuss

Chinese officials plan to ask their American counterparts in annual talks next month about the chance of a Federal Reserve interest-rate increase in June, according to people familiar with the matter.

France draws on its fuel reserves

posted: 05/26/2016 2:07 a.m. Discuss

French drivers are fuming, oil industry workers are divided, and the government is reaching into its fuel reserves to end gasoline shortages that have heightened the stakes of nationwide protests to defend labor protections.

Bayer: Merging seed firm is doable

posted: 05/26/2016 2:06 a.m. Discuss

Bayer AG, whose $62 billion takeover bid was rejected Tuesday by Monsanto Co., said it's confident it can overcome the seed company's concerns about the regulatory and financing risks related to a deal that would create the world's largest supplier of seeds and crop chemicals.

Vote a shot at catfish inspections

posted: 05/26/2016 2:05 a.m. Discuss

The Senate has voted to scrap a new catfish-inspection program that critics have argued is wasteful and unnecessary.

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