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Wednesday, February 22, 2017, 11:34 a.m.

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Top Picks - Capture Arkansas

Business

Cuts at Democrat-Gazette eliminate 12-15 jobs

posted: 02/22/2017 4:30 a.m. Comments 8

The Arkansas Democrat-Gazette eliminated several positions Tuesday, the company's president said.

Owner of 33 papers in state to be sold

posted: 02/22/2017 4:30 a.m. Discuss

Tokyo-based SoftBank Group Corp. has agreed to pay $3.3 billion in cash to acquire Fortress Investment Group of New York, an owner of more than 120 newspapers nationwide, including 33 in Arkansas.

Index falls despite Wall Street's gains

posted: 02/22/2017 4:30 a.m. Discuss

The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, dropped 3.54 to 356.93 Tuesday even as other indexes on Wall Street rose.

Wal-Mart's 4Q profit off 18%

updated: 02/22/2017 2:13 a.m. Discuss

Wal-Mart Stores Inc. reported same-store sales growth and traffic increases in its U.S. stores during the fourth quarter of fiscal 2017, but the company's profit continued to be dragged down by e-commerce and other investments.

Burger King firm to buy Popeyes

posted: 02/22/2017 2:11 a.m. Discuss

The parent company of Burger King and Tim Hortons is buying Popeyes for $1.8 billion, with plans to accelerate the growth of the fried-chicken chain.

Dillard's earnings for 4Q fall 32%

posted: 02/22/2017 2:11 a.m. Discuss

Dillard's Inc. on Tuesday reported a fourth-quarter profit of $56.9 million, down 32 percent from $84 million for the same quarter a year ago. Earnings per share were $1.72, down from $2.31 a year ago.

Yahoo cuts $350M from sale price

posted: 02/22/2017 2:10 a.m. Discuss

Yahoo is taking a $350 million hit on its previously announced $4.8 billion sale to Verizon in a concession for security lapses that exposed personal information stored in more than 1 billion Yahoo user accounts.

Shares of Car-Mart plunge 15.6%; profit in 3Q misses mark

posted: 02/22/2017 2:09 a.m. Discuss

America's Car-Mart saw its shares wilt Tuesday, closing down nearly 16 percent after the used-car dealer reported profits for its third quarter that missed analysts' estimates.

Harvests hit by bad weather, bugs, olive oil prices to go up

posted: 02/22/2017 2:08 a.m. Discuss

From specialty shops in Rome to supermarkets around the world, lovers of Italian olive oil are in for some sticker shock this year, with prices set to jump by as much as 20 percent.

Whirlpool plant building lands a buyer

posted: 02/22/2017 2:07 a.m. Discuss

An investment group from Wisconsin has purchased the largest building in the long vacant Whirlpool plant complex in Fort Smith, with plans to renovate the space to eventually operate as a hub for other companies.

Shell, Toyota forge deal on hydrogen

posted: 02/22/2017 2:06 a.m. Discuss

Royal Dutch Shell PLC will build seven fueling stations for hydrogen cars in California through a partnership with Toyota Motor Corp.

Market report: Stocks rise as more deals awaited

posted: 02/22/2017 2:06 a.m. Discuss

Stocks on Tuesday again broke records as investors returned from a long weekend hungry for deals. While Kraft Heinz and Unilever couldn't complete a proposed $143 billion merger, makers of food and household goods rose as investors bet that other deals are coming.

Business news in brief

posted: 02/22/2017 2:04 a.m. Discuss

Windstream appoints general counsel

Scandal-hit Wells Fargo fires 4 managers

posted: 02/22/2017 1 a.m. Discuss

Wells Fargo & Co. fired the head of its consumer credit-card business and three other senior managers as the bank's board examines how abusive sales practices spread through branches before spiraling into a national scandal last year.

Arkansas Democrat-Gazette to cut 12-15 positions

posted: 02/21/2017 4:21 p.m. Comments 12

For the second time in about a month, the Arkansas Democrat-Gazette has cut positions, the company's president said Tuesday.

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