National Business
Bank’s $1,000 to city pays off
posted: 05/25/2012 4:27 a.m. Discuss
Investment bank Morgan Keegan Inc. gave $1,000 to a committee backing voter passage of a bond authorization for the city of Rogers in September, and the bank earned $502,000 selling the approved debt.
2,000 fewer in week seek jobless benefits
posted: 05/25/2012 4:24 a.m. Discuss
The number of people seeking unemployment benefits changed little last week, signaling modest job growth.
FDIC: U.S. bank earnings rise 23%
posted: 05/25/2012 4:22 a.m. Discuss
U.S. banks had net income of $35.3 billion in the first quarter, increasing earnings by 23 percent compared with the corresponding period in 2011 on lower loan-loss provisions, the Federal Deposit Insurance Corp. said.
Revised data for first quarter show deeper U.K. slump
posted: 05/25/2012 4:21 a.m. Discuss
Britain in the first quarter returned to a deeper recession than estimated earlier, according to official data released Thursday, because of a larger slump in the construction industry. The data put additional pressure on the government of Prime Minister David Cameron, which has adopted austerity measures to reduce debt, to consider ways to spur economic growth.
MARKET REPORT: Dow posts 4th gain of month
posted: 05/25/2012 4:20 a.m. Discuss
Hewlett-Packard helped pull the Dow Jones industrial average to a slight gain Thursday, giving t he index only its fourth gain this month.
To revamp, HP to ax 27,000 jobs
posted: 05/24/2012 3:26 a.m. Comments 6
Hewlett-Packard Co. said Wednesday that it will cut its global work force by 27,000 employees by October 2014, while reporting a drop in sales and profit for its second quarter.
New-home sales gain 3.3%
posted: 05/24/2012 3:25 a.m. Discuss
Americans bought more new homes last month, the latest evidence that the U.S. housing market could be starting to recover.
3 allege oil, gas notary lapses
posted: 05/24/2012 3:24 a.m. Discuss
Three landowners are suing Cleburne County Circuit Clerk Karen Giles, claiming that deputy clerks in her office falsely notarized oil and gas leases in the county.
Late auto-loan payments drop 27% from year ago
posted: 05/24/2012 3:19 a.m. Discuss
The rate of late payments for auto loans fell nationally in the first three months of the year to the lowest level in more than a decade, even as lenders financed more vehicle purchases for high-risk borrowers.
Congress studying Facebook IPO
posted: 05/24/2012 3:15 a.m. Discuss
Two congressional committees are looking into the troubled initial public offering of Facebook Inc., aides said Wednesday.
MARKET REPORT: Dow pulls out of early nose dive
posted: 05/24/2012 3:12 a.m. Discuss
A big final-hour comeback pulled the Dow Jones industrial average nearly back to where it started Wednesday.
IHOP operator accused of $3 million scheme
posted: 05/24/2012 3:11 a.m. Discuss
TThe operator of six IHOP restaurants in Ohio and one in Indiana organized a scheme with the help of some employees to hide profits from IHOP’s parent company, federal investigators said Wednesday.
Regulators probe bank's role in Facebook IPO
posted: 05/23/2012 7:36 a.m. Discuss
Regulators are examining whether Morgan Stanley, the investment bank that shepherded Facebook through its highly publicized stock offering last week, selectively informed clients of an analyst's negative report about the company before the stock started trading.
Debt crisis a global risk, report warns
posted: 05/23/2012 3:33 a.m. Discuss
The Organization for Economic Cooperation and Development said Europe’s debt crisis risks spiraling and seriously damaging the world economy.
Order center plans to relocate
posted: 05/23/2012 3:32 a.m. Discuss
Nashville, Tenn.’s loss is Maumelle’s gain as Dillard’s Inc. prepares to move its Internet-order center to central Arkansas.
