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May says UK, EU to start new talks right away

posted: 12/15/2017 11:53 a.m. Discuss

Prime Minister Theresa May says Britain and the European Union will start talking about their future relationship "straight away," even though the EU has stressed no trade deal can be finalized until after the divorce agreement is settled and Britain has left the bloc.

Arkansas' only WestPoint Home outlet closing later this month

posted: 12/15/2017 10:42 a.m. Discuss

Arkansas’ only WestPoint Home outlet is closing just before Christmas, its store manager said Friday.

Job rush if profits reshored doubted

posted: 12/15/2017 2:02 a.m. Discuss

WASHINGTON -- The Republican tax plan seems about to hand a holiday gift with a bow on top to some of America's richest multinational companies, from Apple and Microsoft to Google's parent Alphabet: tens of billions in tax breaks on profits they've parked overseas.

Disney seals $52.4B deal with Fox

posted: 12/15/2017 2:02 a.m. Discuss

Walt Disney Co.'s deal with Twenty-First Century Fox Inc., announced Thursday, stands to transform Hollywood's most successful studio into an even more powerful force, analysts say, potentially pressuring rivals to consolidate.

Christmas shoppers' November blitz fuels 0.8% retail-sales rise

posted: 12/15/2017 2:01 a.m. Discuss

WASHINGTON -- U.S. consumers went on a shopping binge last month as the Christmas season began, leading to big gains among online retailers, electronics stores and furniture stores.

1-day strike slows Greece to crawl

posted: 12/15/2017 2 a.m. Discuss

ATHENS, Greece -- Greece's workers walked off the job for a 24-hour general strike Thursday, as the country prepares to stop relying on European rescue loans but continues to pile more austerity measures on hard-hit taxpayers.

Rx-maker Teva to lop factories, 14,000 jobs

posted: 12/15/2017 2 a.m. Discuss

Teva Pharmaceutical Industries, the world's largest generic drugmaker, said Thursday that it will cut about 14,000 jobs, more than 25 percent of its workforce, and close or sell manufacturing plants and research and development facilities at its headquarters in Israel and other locations.

Arctic liquefied natural gas project survives U.S. sanctions against Russia

posted: 12/15/2017 1:59 a.m. Discuss

Building the $27 billion Yamal liquefied natural gas project meant shipping more than 5 million tons of materials to construct a forest of concrete and steel about 370 miles north of the Arctic circle, where temperatures can drop to almost minus 60 degrees and the sun disappears for two months straight.

MARKET REPORT: Health, bank sectors clip stocks

posted: 12/15/2017 1:59 a.m. Discuss

Health care companies and banks drove U.S. stocks lower Thursday, pulling major indexes below their recent highs.

Critics pan idled airline-fee rules

posted: 12/15/2017 1:58 a.m. Discuss

DALLAS — Consumer advocacy groups are raising concerns about the U.S. Department of Transportation’s decision not to pursue regulations that could have increased transparency of airline baggage fees and other add-on charges.

Business news in brief

posted: 12/15/2017 1:57 a.m. Comment 1

Tuggle elected LR chamber chairman

News in brief

posted: 12/15/2017 1:56 a.m. Discuss

Pay back One Bank, U.S. orders ex-CFO

AT&T, union agree on contract to increase pay, job protections

posted: 12/15/2017 1 a.m. Discuss

A major union has won significant job protection and increased pay for about 20,000 AT&T wireless employees, as well as a commitment to bring work back from overseas.

: FCC votes to undo Obama-era 'net neutrality' rules

updated: 12/14/2017 1:18 p.m. Comments 16

In a vote along party lines, the federal government has ended sweeping net-neutrality rules that guaranteed equal access to the internet.

Disney buying large part of 21st Century Fox in $52.4B deal

posted: 12/14/2017 8:49 a.m. Discuss

NEW YORK — Disney is buying a large part of the Murdoch family's 21st Century Fox for about $52.4 billion in stock, including film and television studios and cable and international TV businesses, as it tries to meet competition from technology companies in the entertainment business.

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