Business
Walmart's Duke 26th highest-paid CEO
posted: 05/23/2013 12:30 p.m. Discuss
Walmart CEO Mike Duke is the 26th-highest paid CEO according to recent figures.
U.S. stock market recovers most of an early loss
posted: 05/23/2013 11:37 a.m. Discuss
NEW YORK — Stock prices are slightly lower at midday on Wall Street after manufacturing contracted unexpectedly in China this month.
U.S. jobless-aid applications fall to 340,000
posted: 05/23/2013 8:17 a.m. Discuss
WASHINGTON — The number of Americans applying for unemployment benefits fell by 23,000 last week, further evidence that the job market is slowly returning to health.
LR airport fears D.C. flight at risk
posted: 05/23/2013 3:47 a.m. Discuss
Ron Mathieu, executive director of the state’s largest airport, is urging U.S. Transportation Secretary Ray LaHood to let US Airways keep all its slots at Reagan National Airport as a way to ensure the daily direct flight between Little Rock and Washington, D.C., continues as scheduled.
Bernanke: Jobs puny, stimulus stays
posted: 05/23/2013 3:45 a.m. Discuss
Federal Reserve Chairman Ben Bernanke told Congress Wednesday that the U.S. job market remains weak and that it is too soon for the Fed to end its extraordinary stimulus programs.
Target’s quarterly earnings fall 29%
posted: 05/23/2013 3:42 a.m. Discuss
Target Corp. reported a 29 percent drop in first-quarter profit as unusually cool spring weather and financial pressures chilled customers’ appetite for spending.
U.S. home resales climb to ’09 level
posted: 05/23/2013 3:40 a.m. Discuss
Sales of previously owned homes ticked up last month to the highest level in three and a half years, helped by a jump in the number of houses for sale.
Tax less if Albert Pike has old look
posted: 05/23/2013 3:39 a.m. Discuss
The more the Albert Pike Hotel changes when it undergoes a $6 million renovation, the more it will look like its old self — from the street and in the common areas of the historic structure, that is.
Farmers leery of trading pollution credits, Boozman warns
posted: 05/23/2013 3:38 a.m. Discuss
A proposed system to allow farmers and city wastewater plants to trade pollution credits with one another would likely improve water quality, but U.S. Sen. John Boozman of Arkansas on Wednesday warned that “a spirit of mistrust” between farmers and federal regulators would make such a system difficult to run.
MARKET REPORT: Stocks ride Fed seesaw, then slide
posted: 05/23/2013 3:37 a.m. Discuss
The Federal Reserve took financial markets for a ride Wednesday, pushing stock prices up in the morning then sending them down in afternoon.
Business news in brief
posted: 05/23/2013 3:36 a.m. Discuss
QUOTE OF THE DAY “We’re trying to make an assessment of whether or not we’ve seen real and sustainable progress in the labor market outlook.” Ben Bernanke, Federal Reserve chairman Article, 1D
NEWS IN BRIEF
posted: 05/23/2013 3:31 a.m. Discuss
Former Bush aide hired by Wal-Mart BENTONVILLE — Wal-Mart Stores Inc. said Wednesday that Dan Bartlett, who counseled former President George W. Bush and worked on both his presidential and gubernatorial campaigns, will start as the retailer’s new executive vice president of corporate affairs late next month.
General Motors recalling Cadillac SUVs to tighten wheels
posted: 05/22/2013 6:35 p.m. Discuss
DETROIT — General Motors Co. is recalling more than 27,000 Cadillac SUVs worldwide because the wheels can fall off.
Hay, wheat, corn take beating from Arkansas rains
posted: 05/22/2013 6:20 p.m. Discuss
DE QUEEN — Heavy rain and high winds brought by recent storms did some damage to the Arkansas corn, winter wheat and hay crops.
West Memphis gets $11 million grant for port
posted: 05/22/2013 5:20 p.m. Discuss
WEST MEMPHIS — West Memphis is to receive a $10.9 million grant to expand the city's port.
