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Sunday, February 07, 2016, 2:43 a.m.
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Business

VW delays 2015 earnings report

posted: 02/06/2016 3:08 a.m. Discuss

Volkswagen took the unusual step Friday of delaying the publication of its annual results and pushed back its shareholders meeting, showing the extent of the financial turmoil caused by the emissions scandal that has dogged the company since September.

Madoff victims await disbursement of $4B

posted: 02/06/2016 3:07 a.m. Discuss

There's $4 billion at the Department of Justice for victims of Bernard L. Madoff's Ponzi scheme. Thousands of victims have been trying to tap the fund since it was set up three years ago, without seeing a penny. Many are elderly and live modestly. Some lost their life savings in the scam.

Trade deficit widens in December

posted: 02/06/2016 3:06 a.m. Discuss

WASHINGTON -- The U.S. trade deficit rose in December as American exports fell for a third straight month, reflecting the pressures of a stronger dollar and spreading global weakness. Those factors contributed to the first annual drop in U.S. export sales since the recession shrank global trade six years ago.

Produce prices swinging while weather does same

posted: 02/06/2016 3:04 a.m. Discuss

LOS ANGELES -- It's been a wild season in the winter produce market dominated by California growers.

Market report: Jobs report, tech skid sink stocks

posted: 02/06/2016 3:02 a.m. Discuss

NEW YORK -- Stocks posted steep losses Friday, ending the week with broad declines, as investors fretted over a report showing that U.S. job creation slowed last month.

Mississippi antes up for plant, shipyard

posted: 02/06/2016 3 a.m. Discuss

JACKSON, Miss. -- Mississippi lawmakers have approved hundreds of millions of dollars of state money and incentives for a tire plant in western Hinds County and a shipyard in Gulfport.

HSBC settles lending case for $470M

posted: 02/06/2016 2:58 a.m. Discuss

WASHINGTON -- Banking giant HSBC has reached a $470 million settlement with the federal government and nearly all states over mortgage lending and foreclosure abuses, the Justice Department announced Friday.

Business news in brief

posted: 02/06/2016 2:58 a.m. Discuss

More oil rigs idled as glut grips market

News in brief

posted: 02/06/2016 2:55 a.m. Discuss

ArcBest: Most rigs have electronic logs

U.S. added 151,000 jobs in January

posted: 02/05/2016 11:46 a.m. Comments 2

WASHINGTON — The U.S. economy added 151,000 jobs in January, a slowdown from recent months but still a sign of a solid job market. Employers raised pay, more people felt confident enough to look for work and the unemployment rate dipped to 4.9 percent, its lowest level since 2008.

Home sales rise by 4.3% in state

posted: 02/05/2016 5:45 a.m. Discuss

Home sales in Arkansas rose 4.3 percent in November compared with November 2014, the Arkansas Realtors Association said Thursday.

Acxiom reports 3Q loss of $1.4M

posted: 02/05/2016 5:45 a.m. Comment 1

Acxiom Corp. recorded a loss of $1.4 million for its fiscal 2016 third quarter, missing analysts' estimates.

Smiling Shkreli silent before House

posted: 02/05/2016 2:33 a.m. Comments 9

WASHINGTON -- Former pharmaceutical chief Martin Shkreli refused to testify Thursday in an appearance before U.S. lawmakers about price increases for a drug sold by a company that he acquired, vexing the committee members questioning him.

2 firms teaming to battle diabetes

posted: 02/05/2016 2:28 a.m. Discuss

Johnson & Johnson, continuing its quest for a Type 1 diabetes cure, is joining forces with biotech company ViaCyte to speed development of the first stem-cell treatment that could fix the life-threatening hormonal disorder.

Texas tough despite global oil glut

posted: 02/05/2016 2:25 a.m. Discuss

While the crude industry is suffering from a global glut, Texas oil drillers are managing to stay afloat.

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