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Wednesday, April 23, 2014, 8:22 p.m.
Top Picks - Capture Arkansas

Business

Osceola sets meeting on Big River Steel bonds

posted: 04/23/2014 1:56 p.m. Discuss

The Osceola City Council has scheduled a meeting to discuss issuing $1.5 billion of economic development bonds for the Big River Steel mill.

Fayetteville firm wins $3.5 million Air Force contract

posted: 04/23/2014 11:23 a.m. Discuss

FAYETTEVILLE — An electronics company affiliated with the University of Arkansas at Fayetteville has received a $3.5 million contract from the U.S. Air Force to develop a power module for a fighter jet.

Sales of new U.S. homes plunge 14.5% in March

posted: 04/23/2014 11:07 a.m. Discuss

WASHINGTON — The number of Americans buying new homes plummeted in March to the slowest pace in eight months, a sign that real estate's spring buying season is off to a weak start.

‘New’ GM seeks in filing to duck liabilities of ‘old’

posted: 04/23/2014 5:15 a.m. Discuss

General Motors Co. and a team of trial lawyers are preparing for a court fight over whether the automaker is liable for the sins of its corporate past.

U.S. middle class No. 1 no more

posted: 04/23/2014 5:06 a.m. Comments 15

The American middle class, long the most affluent in the world, has lost that distinction.

Private school opening on Main

posted: 04/23/2014 3:15 a.m. Discuss

Urban Garden Montessori School has leased space in a building at 610 Main St. as a temporary home for kindergarten through fourth grade classes starting in August.

Novartis retools with two deals

posted: 04/23/2014 3:14 a.m. Discuss

Swiss pharmaceutical firm Novartis AG started an overhaul of its business Tuesday, unveiling multibillion-dollar deals with Britain’s GlaxoSmithKline PLC and the U.S.’s Eli Lilly & Co.

New-vehicle titling jumps 38% in state

posted: 04/23/2014 3:12 a.m. Discuss

The number of new vehicles registered in Arkansas jumped 38 percent in March to 9,573 compared with the same month last year, Cross-Sell of Lexington, Ky., said Tuesday.

FDA nears pitch for e-smoke rules

posted: 04/23/2014 3:10 a.m. Comment 1

Smokers are increasingly turning to battery-powered vaporizers to get their nicotine fix. They’re about to find out what federal regulators have to say about them.

Existing-home sales fall to 20-month low as costs slow market

posted: 04/23/2014 3:09 a.m. Discuss

Sales of previously owned U.S. homes slipped in March to their lowest level since July 2012 as rising prices and a tight supply of available homes discouraged many potential buyers.

Chinese footwear workers reject offer, continue strike

posted: 04/23/2014 3:07 a.m. Discuss

Workers on strike at a Chinese factory owned by the world’s largest maker of athletic shoes have rejected management’s latest offer in an ongoing labor dispute that is crimping production for brands such as Nike and Adidas.

MARKET REPORT: Stocks up again on deals, profits

posted: 04/23/2014 3:04 a.m. Discuss

Corporate deals and some solid earnings reports propelled the stock market to its sixth-straight gain Tuesday.

Earnings report

posted: 04/23/2014 3:03 a.m. Discuss

Companies reporting quarterly earnings Tuesday included: Comcast Corp., the largest U.S. cable company, a profit of $1.87 billion, or 71 cents a share, up from $1.44 billion, or 54 cents a share, a year ago.

Business news in brief

posted: 04/23/2014 3:02 a.m. Discuss

QUOTE OF THE DAY “Sales are showing some lingering effects of the weather. It’s probably going to take a couple more months until you see a bounce.” Kevin Cummins, UBS Securities LLC economist, on March sales of previously owned homes

NEWS IN BRIEF

posted: 04/23/2014 2:59 a.m. Discuss

3 state banks make best-performing list Three of the 10 best performing regional banks in the country last year were based in Arkansas, according to research by SNL Financial of Charlottesville, Va.

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