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Wednesday, October 01, 2014, 5:23 p.m.
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Business

EBay to split off lucrative PayPal business

posted: 09/30/2014 9:24 a.m. Comment 1

NEW YORK — EBay is splitting off its fastest growing segment, mobile payment service PayPal, the e-commerce company said Tuesday.

Buffett, Gates top Forbes' 400 list

posted: 09/30/2014 3:18 a.m. Comment 1

Microsoft co-founder Bill Gates topped the Forbes list of the 400 richest Americans for the 21st time in a row, the magazine announced Monday.

U.S. bailout extorted AIG, court told

posted: 09/30/2014 1:54 a.m. Comment 1

The U.S. extorted American International Group Inc. shareholders when it extended a $182 billion taxpayer bailout at the height of the 2008 financial crisis, a lawyer for Maurice "Hank" Greenberg said.

Survey: Charges at ATM rise 5%

posted: 09/30/2014 1:54 a.m. Discuss

LOS ANGELES -- The average fee for using an out-of-network ATM climbed 5 percent in the past year to a new high of $4.35 per transaction, according to a survey released Monday by Bankrate.com.

Contracts to buy U.S. homes slide

posted: 09/30/2014 1:53 a.m. Discuss

WASHINGTON -- Fewer Americans signed contracts to buy homes in August, suggesting that real estate sales will remain sluggish over the next few months.

Hiring growth lifts consumer spending to 0.5% August gain

posted: 09/30/2014 1:52 a.m. Discuss

WASHINGTON -- Consumer spending rebounded in August as employment gains revived household earnings growth and encouraged Americans to return to shops and car dealerships.

Russian: Won't halt Arctic oil hunt

posted: 09/30/2014 1:52 a.m. Discuss

MOSCOW -- The most powerful man in Russia's oil industry said U.S. sanctions won't prevent the development of discoveries in the Arctic Ocean.

GE gamble on locomotives fast-tracks it past Caterpillar

posted: 09/30/2014 1:51 a.m. Discuss

As rain pelted the windows at General Electric Co. offices in Chicago, executives debated whether to build a low-emission locomotive. The deliberations went on for two days, and to keep the mood upbeat anyone with a negative comment had to toss cash into a jar on the table.

Market report: Global politics drag on market

posted: 09/30/2014 1:50 a.m. Discuss

NEW YORK -- Concerns over high stock prices and global politics plagued markets Monday as major stock indexes ended with slight losses in another day of choppy trading. Protests in Hong Kong, a major world financial center, added to the host of political concerns on investors' minds.

Business news in brief

posted: 09/30/2014 1:49 a.m. Discuss

USDA grants to back 3 food initiatives

News in brief

posted: 09/30/2014 1:47 a.m. Discuss

Instagram CEO put on Wal-Mart board

Boscos in LR closes after 11 years of business

posted: 09/29/2014 1:46 p.m. Comments 9

Boscos Restaurant & Brewing Co. has closed its doors in downtown Little Rock, company officials said Monday.

ATM fees keep climbing, survey says

posted: 09/29/2014 11:09 a.m. Comment 1

LOS ANGELES — The penalty for using an ATM that is not affiliated with your bank went up 5 percent over the past year.

Wal-Mart tests Pickup-Grocery prototype store

posted: 09/29/2014 2:12 a.m. Discuss

BENTONVILLE -- If Wal-Mart Stores Inc. President and CEO Doug McMillon wants to treat his wife, Shelley, to a home-cooked steak dinner and bottle of wine, he can place an order online for his groceries, drive to a new Wal-Mart store prototype and pick them up without ever having to get out of his car.

Auto shutoffs offset lenders' car-loan risks

posted: 09/29/2014 2:10 a.m. Discuss

The thermometer showed a 103.5-degree fever, and her 10-year-old’s asthma was flaring up. Mary Bolender, who lives in Las Vegas, needed to get her daughter to an emergency room, but her 2005 Chrysler van would not start.

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