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Wednesday, April 16, 2014, 11:50 a.m.
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Business

Price tag for meat expected to grow

posted: 04/15/2014 2:42 a.m. Discuss

Consumers can expect to pay more for meat at the grocery store as low supplies drive up prices.

SpaceX challenges alliance’s monopoly on satellite launches

posted: 04/15/2014 2:40 a.m. Discuss

LOS ANGELES — A highstakes battle is underway in Washington to launch the U.S. government’s most sophisticated national security satellites.

U.S. retail sales climb 1.1 percent

posted: 04/15/2014 2:39 a.m. Discuss

WASHINGTON — U.S. retail sales in March rose by the largest amount in 18 months, led by strong gains in sales of autos, furniture and a number of other products.

Bank of Ozarks’ net income rises by 26% in first quarter

posted: 04/15/2014 2:37 a.m. Discuss

Bank of the Ozarks earned $25.3 million in the first three months of this year, a 26 percent improvement over net income of $20 million in the same period last year, the Little Rock bank said Monday.

NEWS IN BRIEF

posted: 04/15/2014 2:35 a.m. Discuss

UA business school gets $1 million gift Wal-Mart Stores Inc. President and Chief Executive Officer Doug McMillon and his wife, Shelley, signed an agreement earlier this month to give $1 million to the University of Arkansas’ Sam M. Walton College of Business.

Business news in brief

posted: 04/15/2014 2:34 a.m. Discuss

QUOTE OF THE DAY “Despite a quarter that was difficult for our company, we delivered strong results.” Michael L. Corbat, Citigroup’s chief executive officer

MARKET REPORT: Stocks recover on retail gains

posted: 04/15/2014 2:33 a.m. Discuss

NEW YORK — U.S. stocks mounted a modest rally Monday, helping investors recover some of the ground lost after a rough finish last week.

Claim in Allens case too late, judge says

posted: 04/15/2014 2:32 a.m. Discuss

A U.S. bankruptcy judge ruled in favor of Allens Inc. on Monday, saying claims made by sweet-potato grower D&T Farms under the Perishable Agricultural Commodities Act came too late.

TIAA-CREF to buy Nuveen in deal worth $6.25 billion

posted: 04/15/2014 2:31 a.m. Discuss

TIAA-CREF has agreed to buy Nuveen Investments from Madison Dearborn Partners LLC for $6.25 billion, propelling the manager of teachers’ retirement savings into the top 20 of U.S. mutualfund firms.

Main Street LR hotel plan announced

posted: 04/14/2014 11:27 a.m. Comment 1

The Chi Hotel Group announced Monday its plan to adapt the 105-year-old Boyle Building at the corner of Main Street and Capitol Avenue as a 144-room Aloft hotel at a cost of $18 million.

U.S. retail sales up strong 1.1 percent in March

posted: 04/14/2014 11:07 a.m. Discuss

WASHINGTON — U.S. retail sales in March rose by the largest amount in 18 months, led by strong gains in sales of autos, furniture and a number of other products.

Heartbleed found in Cisco, Juniper products

posted: 04/14/2014 2:58 a.m. Discuss

SAN FRANCISCO — The Heartbleed Web-security flaw has been found in the hardware connecting homes and businesses to the Internet, underscoring the amount of time and effort that will be needed to defuse the threat.

Out in Garage, Microsofters let ideas off leash

posted: 04/14/2014 2:55 a.m. Discuss

Ben Gilbert is an enthusiastic person, passionate about being an Eagle Scout and the theater, and his hiphop dance skills that come in handy at weddings.

In ’14, a bigger ARK Challenge

posted: 04/14/2014 2:52 a.m. Discuss

The ARK Challenge is back, this time with business accelerators operating in two parts of the state and a higher bar for entry for some of the participants.

Kid-friendly tablets, apps gaining users

posted: 04/14/2014 2:49 a.m. Discuss

Nick Stepka knew what gift would make his daughter’s third birthday a hit, and it wasn’t a toy or doll.

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