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Wednesday, July 27, 2016, 4:45 a.m.
Top Picks - Arkansas Daily Deal

Business

Demand, low supply lift home prices

posted: 07/27/2016 2:18 a.m. Discuss

U.S. home prices extended their steady upward march in May, spurred by rising sales and a dwindling supply of available houses.

Ruling on utility pole use resisted

posted: 07/27/2016 2:16 a.m. Discuss

Fifteen telecommunication companies -- mostly affiliates of CenturyLink Communications -- and the Arkansas Cable Telecommunications Association have asked the state Public Service Commission for a rehearing on utility pole attachment rules.

U.S. judge clears VW settlement

posted: 07/27/2016 2:16 a.m. Discuss

A $15 billion settlement over Volkswagen's emissions cheating scandal cleared a hurdle Tuesday, with a federal judge giving preliminary approval to a deal that includes an option for owners to have the carmaker buy back their vehicles.

Apple touts services, apps as iPhone sales drop 15% in quarter

posted: 07/27/2016 2:15 a.m. Discuss

Apple customers can expect to hear a lot more from the company about the virtues of mobile apps and online services in coming months. They're just about the only part of Apple's business that's growing right now.

Awash-in-oil Dubai chases solar

posted: 07/27/2016 2:12 a.m. Discuss

The United Arab Emirates, OPEC's fourth biggest oil producer, might not seem like an obvious spot to begin and end a globe-spanning flight promoting renewable energy.

BP's 2Q profit falls off 45% as refining adds to oil woes

posted: 07/27/2016 2:12 a.m. Discuss

BP PLC posted a 45 percent slump in earnings, indicative of a poor set of results from the industry as oil production barely breaks even and profits from refining sputter.

Market report: McDonald's drop weighs on Dow

posted: 07/27/2016 2:11 a.m. Discuss

Stocks had a muddled session Tuesday as investors worked through a large batch of corporate earnings from companies including Gilead Sciences, McDonald's and Texas Instruments.

Business news in brief

posted: 07/27/2016 2:10 a.m. Discuss

Caterpillar's 2Q profit exceeds forecast PEORIA, Ill. -- Caterpillar's second-quarter performance beat Wall Street's expectations, despite weakness in the mining and oil and gas industries. But the company lowered its full-year adjusted profit guidance again, saying global economic growth remains subdued and isn't sufficient to drive improvement in most of the industries and markets it serves.

News in brief

posted: 07/27/2016 2:08 a.m. Discuss

Updates underway at Doubletree in LR Renovations have begun at the Doubletree by Hilton hotel in downtown Little Rock.

IMAGES: Downtown Little Rock hotel begins multimillion dollar renovations, owner says

posted: 07/26/2016 3 p.m. Discuss

The DoubleTree hotel in downtown Little Rock is planning a multimillion renovation that will include an overhauled lobby, lounge and restaurant, the company that manages the property said Tuesday.

As energy sector suffers, hope stirs

posted: 07/26/2016 5:45 a.m. Comment 1

U.S. energy companies say they expect activity in the oil patch to rebound this year.

Last VCR-maker to cease production

posted: 07/26/2016 5:45 a.m. Discuss

TOKYO -- Japanese electronics maker Funai Electric Co. said it's pulling the plug on production of the world's last videocassette recorder.

Monsanto draws state heat over drift

posted: 07/26/2016 2:02 a.m. Discuss

The Monsanto Co. caught the attention -- and much of the aggravation -- of the pesticide committee of the state Plant Board on Monday as it tried to address damage wrought by the illegal spraying of dicamba on some cotton and soybean fields in the state.

Fit to get credit? Web use will tell

posted: 07/26/2016 2:01 a.m. Discuss

LOS ANGELES -- For some Chinese loan applicants, online searches will soon determine whether they're creditworthy.

Yahoo exec optimistic after sale

posted: 07/26/2016 1:59 a.m. Discuss

There are many questions about what will happen to Yahoo Inc. under its new owner Verizon Communications Inc. -- and whether consumers will notice the difference.

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