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Business

Bundle rules at SEC get tighter

posted: 08/28/2014 2:34 a.m. Discuss

Financial firms that sell securities backed by loans, like the kind that fueled the 2008 financial crisis, will have to give investors details on borrowers' credit records and incomes under action taken Wednesday by federal regulators.

Genetics, computer experts introduced as research scholars

posted: 08/28/2014 2:33 a.m. Discuss

A scientist who specializes in the molecular genetics of blood cell cancers, and a pioneer in computer virtual reality were introduced Wednesday as Arkansas Research Alliance Scholars.

Jack Daniel's propels maker's 5% sales gain

posted: 08/28/2014 2:32 a.m. Discuss

Led by demand for its flagship Jack Daniel's brand, spirits-maker Brown-Forman Corp. said Wednesday that its first-quarter net income rose 5 percent despite lower stockpiling by distributors.

Berkshire puts $3 billion into Burger King purchase of doughnut chain

posted: 08/28/2014 2:31 a.m. Discuss

Billionaire investor Warren Buffett got his entrepreneurial start at age 7, buying six-packs of Coke for a quarter, then hawking the beverages for a nickel apiece on hot summer nights.

Market report: Investors pause after S&P milestone

posted: 08/28/2014 2:29 a.m. Discuss

Even in a day-long sideways drift, the Standard & Poor's 500 index managed to eke out its third record close in three days.

Business news in brief

posted: 08/28/2014 2:27 a.m. Discuss

Royal Bank of Scotland fined $24 million LONDON -- A British regulator fined Royal Bank of Scotland about $24 million Wednesday for failing to offer proper advice to mortgage customers and criticized the bank for its delays in responding to the initial complaints.

News in brief

posted: 08/28/2014 2:25 a.m. Discuss

Plant board looking to control ash beetle The Arkansas State Plant Board will consider a proposed quarantine on the movement of all hardwood firewood, ash nursery stock and ash logs, pulpwood, mulch and compost in 25 counties after the emerald ash borer was found in Clark, Columbia, Dallas, Hot Spring, Nevada and Ouachita counties.

Tyson, Hillshire reach merger settlement with U.S.

posted: 08/27/2014 2:40 p.m. Discuss

Springdale-based Tyson Foods Inc. reached a settlement with the Justice Department's antitrust division clearing the poultry giant to acquire Hillshire Brands Co., the companies said Wednesday.

U.S. economy forecast to grow by 1.5% in 2014

posted: 08/27/2014 11:15 a.m. Discuss

WASHINGTON — The Congressional Budget Office on Wednesday forecast that the U.S. economy will grow by just 1.5 percent in 2014, undermined by a poor performance during the first three months of the year.

IMF chief Lagarde under investigation in France

posted: 08/27/2014 10:34 a.m. Discuss

PARIS — Christine Lagarde, the chief of the International Monetary Fund, was placed under official investigation for negligence in a French corruption probe that dates back to her days as France's finance minister.

Consumer mood hits updraft in August

posted: 08/27/2014 2:45 a.m. Discuss

Consumer confidence in the U.S. unexpectedly climbed in August to the highest level in almost seven years, reinforcing signs of a strengthening outlook for the economy in the second half of 2014.

S&P index tops 2,000 as stocks keep rolling

posted: 08/27/2014 1:55 a.m. Discuss

The Standard & Poor's 500 index closed a hair above 2,000 points Tuesday, 16 years after it finished above 1,000 for the first time.

Retailer looking to avoid collapse

posted: 08/27/2014 1:54 a.m. Discuss

RadioShack Corp. is talking with shareholder Standard General LP about getting a rescue financing package that would help the retailer stave off a bankruptcy filing, two people with knowledge of the matter said.

Aircraft fuel durable-goods gains

posted: 08/27/2014 1:53 a.m. Discuss

WASHINGTON -- Business orders for long-lasting manufactured products rose by the largest amount on record in July. But most of the strength came from demand for commercial aircraft, which tends to fluctuate sharply from month to month.

Best Buy: Sales fall on lack of new tech

posted: 08/27/2014 1:52 a.m. Discuss

Shares of Best Buy Co., the world's largest electronics chain, dropped the most in seven months Tuesday after it predicted that sales will continue shrinking for the rest of the year, dragged down by a lack of must-have new gadgets.

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