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Thursday, August 25, 2016, 8:27 p.m.
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Caterpillar lays off 60 employees in North Little Rock

posted: 08/25/2016 4:01 p.m. Comment 1

Sixty employees at Caterpillar’s production plant in North Little Rock have been laid off to “align production with demand,” the company said.

Global stocks wobble as markets await comment from Yellen

posted: 08/25/2016 11:23 a.m. Discuss

TOKYO — Global stocks fell Thursday in lackluster trading as investors awaited a speech by Federal Reserve chair Janet Yellen on Friday for hints on a possible further interest rate increase.

Mylan boosts EpiPen patient programs, doesn't budge on price

posted: 08/25/2016 9:30 a.m. Comment 1

LOS ANGELES — A federal judge has thrown cold water on a lawsuit that claimed Starbucks defrauded customers by adding ice to its cold beverages.

Entergy suit cites 'time bomb' in code

posted: 08/25/2016 5:45 a.m. Discuss

A subsidiary of Entergy Corp. threatened in a lawsuit filed this month that almost half a million Entergy customers would be unable to access their online bills next month unless it could prevent the detonation of a software "time bomb."

EpiPen price rise raises concerns; CEO at center of call for inquiry is senator’s daughter

posted: 08/25/2016 5:45 a.m. Comments 3

Members of Congress are in an unusual position as they demand an explanation for Mylan NV's 400 percent price increase for the EpiPen and focus attention squarely on Chief Executive Officer Heather Bresch.

USDA to buy $20M chunk of cheese

posted: 08/25/2016 5:45 a.m. Discuss

The U.S. Department of Agriculture plans to buy $20 million of stockpiled cheese to distribute to food banks and pantries nationwide to stem farmer losses after dairy prices plummeted during a global milk glut earlier this year.

Thumbs go down as CEO pay rises

posted: 08/25/2016 2:13 a.m. Discuss

Huge paydays for chief executives, at least as designed, are supposed to reward great performance for investors. But when it comes to what their workers think of their performance, the highest-paid chief executive officers actually tend to get the worst ratings from employees.

$39M in grants to lift coal towns

posted: 08/25/2016 2:13 a.m. Discuss

Communities in nine U.S. states that have been hard-hit by coal layoffs are being promised more than 3,000 jobs in several industries through a multimillion-dollar federal grant.

Inventory shortage pushes home prices up, July sales down

posted: 08/25/2016 2:12 a.m. Discuss

Sales of previously owned homes fell 3.2 percent in July to a seasonally adjusted annual rate of 5.39 million, the National Association of Realtors said Wednesday.

Gulf oil-lease auction draws bids on only 24 of 4,400 lots

posted: 08/25/2016 2:10 a.m. Discuss

The federal government's annual sale of oil and gas leases in the Gulf of Mexico attracted hardly any interest Wednesday, reflecting a dismal outlook for offshore drilling.

Market report: Health sector pushes stocks down

posted: 08/25/2016 2:08 a.m. Discuss

Stocks closed lower on Wednesday, led by sharp declines in health-care companies as concern over the steep price increases for Mylan's EpiPens escalates.

Corn crop showing heat-damage signs; forecast doubt cast

posted: 08/25/2016 2:08 a.m. Discuss

Participants in an annual tour of the U.S. corn belt are finding evidence that a recent U.S. government forecast for record production this year may be overstated and that hot weather has harmed the crop.

News in brief

updated: 08/25/2016 2:06 a.m. Discuss

Waltons' shares net $255M for charities Members of the Walton family sold more than 3.5 million shares of Wal-Mart Stores Inc. stock from a trust established last year to trim the family's ownership stake and fund its charitable interests.

U.S. home sales fell in July amid inventory shortage

posted: 08/24/2016 11:07 a.m. Discuss

WASHINGTON — U.S. homebuyers pulled back in July, as sales declined amid a shortage of available properties and steadily rising prices.

Little Rock visitors bureau will buy downtown building for $3.35M

posted: 08/24/2016 5:45 a.m. Discuss

Little Rock's Advertising and Promotion Commission members voted 4-3 Tuesday in favor of purchasing the Cromwell Building for $3.35 million.

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