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Wednesday, July 30, 2014, 10:46 p.m.
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Business

Zilkha Biomass to build Monticello plant, add 52 jobs

updated: 07/30/2014 11:43 a.m. Discuss

Houston-based Zilkha Biomass Energy announced Wednesday that it will build a $90 million facility in Monticello to produce wood pellets for use as an alternative energy source, creating 52 jobs.

Stephens Media moving Fort Smith, Van Buren printing operations

posted: 07/30/2014 9:57 a.m. Discuss

Stephens Media will shift printing and mailroom operations from Van Buren and Fort Smith to Northwest Arkansas, a move that will reportedly affect about three-dozen employees.

Revised data: U.S. grew faster in 2nd half of 2013

posted: 07/30/2014 9:53 a.m. Comments 5

WASHINGTON — Fueled by healthier consumer spending, the U.S. economy grew in the second half of last year at the strongest pace in a decade and more than previously estimated, new government data show.

U.S. economy grew at strong 4 percent rate in spring

posted: 07/30/2014 8:43 a.m. Comments 6

WASHINGTON — After a dismal winter, the U.S. economy sprang back to life in the April-June quarter, growing at a fast 4 percent annual rate on the strength of higher consumer and business spending.

Superior Industries to shutter Rogers plant, cut 500 jobs

posted: 07/30/2014 8:39 a.m. Comments 28

ROGERS — A company that makes aluminum wheels for cars and other vehicles says it will shut down its manufacturing plant in Rogers, eliminating 500 jobs.

Windstream seeks fixed-asset trust

posted: 07/30/2014 3:02 a.m. Discuss

Windstream Holdings Inc. shares surged 12 percent Tuesday after the company said it would spin off some of its assets into a publicly traded real estate investment trust.

Consumer outlook soars in July

posted: 07/30/2014 2:58 a.m. Discuss

U.S. consumers are more confident about the economy than they have been in nearly seven years.

Stung by 2013's crush, UPS gears for holiday

posted: 07/30/2014 2:57 a.m. Discuss

Shipping company UPS said Tuesday that the company is willing to sacrifice some short-term profits to avoid a repeat of its Christmastime failure to deliver packages on time.

Flagging market slows home-price gain

posted: 07/30/2014 2:56 a.m. Discuss

Residential real-estate prices rose in the 12 months ending in May at the slowest pace in more than a year as a lull in the U.S. housing market limits appreciation.

Chinese probing software supplier

posted: 07/30/2014 2:55 a.m. Discuss

China's anti-monopoly agency announced an investigation Tuesday of Microsoft Corp., stepping up regulatory pressure on foreign technology companies.

MARKET REPORT: Stocks slip as traders await federal reports

posted: 07/30/2014 2:49 a.m. Discuss

The stock market fell modestly Tuesday as investors focused on a batch of big economic reports ahead.

Business news in brief

posted: 07/30/2014 2:44 a.m. Discuss

Jimmy Dean moves to lunch and dinner NEW YORK -- Breakfast staple Jimmy Dean, the brand started by the late country singer of the same name, is hoping its new bowls and sandwiches can find places on lunch and dinner tables.

Earnings report

posted: 07/30/2014 2:42 a.m. Discuss

Companies reporting quarterly earnings Tuesday included: Aetna Inc., the health insurer, a profit of $548.8 million, or $1.52 a share, up from $536 million, or $1.49 a share, a year ago. Revenue climbed 25 percent to $14.5 billion. Shares fell $2.94 to close Tuesday at $81.88.

News in brief

posted: 07/30/2014 2:37 a.m. Discuss

Goldman downgrades Wal-Mart to 'neutral' Goldman Sachs downgraded Wal-Mart Stores Inc.'s stock Tuesday, citing consumers' continued cautious spending and management's eye on growth rather than returns for shareholders.

Crayola to open family attraction in Orlando

posted: 07/29/2014 10:06 a.m. Discuss

EASTON, Pa. — Crayon manufacturer Crayola is building a family attraction in Florida, similar to the one it operates in its home state of Pennsylvania, and more could be on the way around the country.

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