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Thursday, February 11, 2016, 11:45 p.m.
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U.S. markets follow global shares lower

posted: 02/11/2016 11:54 a.m. Discuss

Major U.S. stock indexes veered sharply lower in midday trading Thursday as concerns about global economic weakness intensified, even as Federal Reserve Chair Janet Yellen reiterated her confidence in the U.S. economy. The latest slide followed steep market declines all around the world. Financial stocks were among the biggest decliners.

Beyonce's Facebook plug for Airbnb raises question

posted: 02/11/2016 5:45 a.m. Discuss

Vacation rental site Airbnb got a mention on Beyonce's Facebook status the day after she appeared in the Super Bowl halftime show.

Rate cut unlikely, Fed chief says

posted: 02/11/2016 2:12 a.m. Discuss

The widening fallout from global economic woes might compel the Federal Reserve to slow the pace of future rate increases, but it doesn't see any immediate need to reverse course and lower rates, Chairman Janet Yellen told lawmakers Wednesday.

Used-home prices rose in most areas in 4Q, Realtors say

posted: 02/11/2016 2:11 a.m. Discuss

Home prices rose in 81 percent of U.S. metropolitan areas in the fourth quarter, with the pace of gains accelerating even as sales slowed from earlier in 2015, the National Association of Realtors said.

U.S. assigns Google car a driver

posted: 02/11/2016 2:10 a.m. Discuss

The federal government's highway safety agency agrees with Google: Computers that will control cars of the future can be considered their driver.

Flooring's cancer risk low, agency finds

posted: 02/11/2016 2:07 a.m. Discuss

Lumber Liquidators Holdings Inc. flooring, tested by U.S. regulators after an outcry over formaldehyde, was found to have a low risk of causing cancer, though it could potentially trigger irritation and breathing problems.

Russia bans 2 U.S. crops, cites quality

posted: 02/11/2016 2:06 a.m. Discuss

Russia on Wednesday banned U.S. corn and soybean imports, saying shipments are often contaminated with fungus or other infections, and certificates guaranteeing quality are inaccurate.

Whole Foods' 1Q earnings top forecasts

posted: 02/11/2016 2:05 a.m. Discuss

Austin-based Whole Foods Market reported record revenue and beat several Wall Street forecasts with its first-quarter earnings report Wednesday.

Market report: Late-day slide erases stocks' rally

updated: 02/11/2016 2:04 a.m. Discuss

The Federal Reserve's latest signals on interest rates gave U.S. stocks a lift for much of Wednesday, but the rally didn't last.

Business news in brief

updated: 02/11/2016 2:03 a.m. Discuss

Group plans to build 117-room hotel in LR An investment group has plans to build a Staybridge Suites hotel in Little Rock, the commercial real estate firm Sage Partners said Wednesday.

Yellen says Fed watching market developments

posted: 02/10/2016 11:04 a.m. Discuss

LONDON — Federal Reserve Chair Janet Yellen says the central bank is carefully watching developments in global financial markets.

No end seen for oil glut in 2016

posted: 02/10/2016 2:14 a.m. Discuss

The International Energy Agency said Tuesday that oil supply is set to outpace demand this year, keeping a lid on any expected price increases.

December job postings up, quits rise

posted: 02/10/2016 2:13 a.m. Discuss

U.S. companies advertised more available jobs in December and more Americans quit, trends that could lift wages in the coming months.

ESPN's decline hurting Disney

posted: 02/10/2016 2:12 a.m. Discuss

ESPN, the sports network that drives The Walt Disney Co.'s profit engine, has hit a soft patch. Subscribers have fallen by about 7.2 million over the past three years, according to Nielsen, and it's coming off a round of layoffs. As more people cut the cord to watch programming online, its perch on top of the pay-TV empire is looking unsteady at best.

Diet dips, but Coke volume sales up

posted: 02/10/2016 2:12 a.m. Discuss

Coca-Cola's global soda volume rose in the fourth quarter, even as Diet Coke continued to suffer declines.

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