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U.S. economy contracts 0.7%

posted: 05/30/2015 2:01 a.m. Discuss

The U.S. economy shrank at a 0.7 percent annual rate in the first three months of the year, depressed by a severe winter and a widening trade deficit, the Commerce Department reported Friday.

Washington farmers dump apples

posted: 05/30/2015 1:59 a.m. Discuss

A record crop of apples, coupled with the West Coast port slowdown earlier this year, is taking a toll on Washington apple growers.

Texas auto dealers outgun Tesla

posted: 05/30/2015 1:58 a.m. Discuss

Elon Musk has been shut out of the Lone Star state again.

Ethanol '07 goals said not possible

posted: 05/30/2015 1:58 a.m. Discuss

The Obama administration's latest plan on ethanol will add more of the corn-based renewable fuel to the nation's gasoline supply in coming years -- but not as much as was required by federal law.

Young eaters boost fast-casual growth

posted: 05/30/2015 1:56 a.m. Discuss

Darren Tristano's daughter had a definite preference when it came to where she wanted to celebrate her 16th birthday: She wanted to go to Panera Bread, a favorite among her peers.

Ruble's rise undermines Russian-made products

posted: 05/30/2015 1:55 a.m. Discuss

Russia's ruble is on a roller coaster. After being the world's second worst-performing currency against the dollar last year, it's among the best in 2015.

For 25th week, oil rig decline persists

posted: 05/30/2015 1:54 a.m. Discuss

Oil explorers idled rigs in U.S. fields for the 25th straight week, drawing out an unprecedented retreat in drilling that has curbed the country's shale oil boom and helped crude prices rally.

Market report: Market swoons after GDP report

posted: 05/30/2015 1:53 a.m. Discuss

Stocks sank Friday after news that the U.S. economy shrank in the first three months of the year.

Business news in brief

posted: 05/30/2015 1:52 a.m. Discuss

UA team takes first in Las Vegas contest Kordate Solutions of the University of Arkansas at Fayetteville won the graduate division of the Donald W. Reynolds Tri-State Collegiate Business Plan Competition Thursday in Las Vegas.

News in brief

posted: 05/30/2015 1:50 a.m. Discuss

Union Pacific's 2015 upgrade outlay $98M Union Pacific Railroad will spend $98 million this year to maintain and upgrade track, signals and bridges around Arkansas.

U.S. economy shrank in winter, is staging a spring rebound

posted: 05/29/2015 11:10 a.m. Comments 3

WASHINGTON — The U.S. economy shrank at a 0.7 percent annual rate in the first three months of the year, depressed by a severe winter and a widening trade deficit.

U.S. economy shrank at 0.7% rate in first quarter

posted: 05/29/2015 8:16 a.m. Discuss

WASHINGTON — The U.S. economy went into reverse in the first three months of this year as a severe winter and a widening trade deficit took a harsher toll than initially estimated.

SpaceX poised to take lead in military launches

posted: 05/29/2015 2:04 a.m. Discuss

Elon Musk's SpaceX stands to win more than the right to compete for U.S. satellite launches after the Air Force certified its Falcon 9 rocket for military missions.

Debt deal by Sunday, Greece says

posted: 05/29/2015 2:03 a.m. Discuss

Greece says it aims to clinch a deal with its creditors by Sunday, a development that would allow it to receive the final installment of its international bailout plan and avoid a default.

Bird flu flattens county's economy

posted: 05/29/2015 2:02 a.m. Discuss

Truck traffic through the Farmers Co-op's feed mill here is about half of normal these days. The co-op just doesn't need as much grain to mix into feed. The 130,000-plus birds at its nearby turkey farms are dead.

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