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Thursday, July 28, 2016, 7:23 p.m.
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Arkansas' 3.9% rise in GDP ranks first in nation

posted: 07/28/2016 5:45 a.m. Comment 1

Arkansas ranked No. 1 in the nation for economic growth at the beginning of this year largely because of an increase in agricultural output, according to a federal report released Wednesday.

Fed sees less risk, rules out rate rise

posted: 07/28/2016 2:19 a.m. Discuss

The Federal Reserve is keeping interest rates unchanged while noting that near-term risks to the economy have diminished.

Mattress stores rife because overhead is low, and bedbugs

posted: 07/28/2016 2:16 a.m. Discuss

Shortly after Melissa Marik moved into a new apartment in February, a Mattress Firm store moved in a block or two away from Marik -- and from another Mattress Firm.

Boeing loses $234M in 2nd quarter

posted: 07/28/2016 2:15 a.m. Discuss

Boeing, absorbing billions in write-downs related to two of its newest commercial jets and a military fuel tanker, reported a loss of $234 million in the second quarter, its first quarterly red ink in nearly seven years.

2 beer titans' merger work halts amid new bid, dissent

posted: 07/28/2016 2:14 a.m. Discuss

SABMiller has suspended work on integrating its operations with those of Anheuser-Busch InBev while it reviews AB InBev's sweetened bid, raising concern about completion of the $104 billion takeover.

Senator: Is Part D in Medicare milked?

posted: 07/28/2016 2:13 a.m. Discuss

A senior senator is examining whether Medicare's prescription-drug benefit is vulnerable to manipulation by pharmaceutical companies that set very high prices for medications.

Market report: Stocks sag despite Apple's surge

updated: 07/28/2016 2:10 a.m. Discuss

Stocks ended Wednesday's trading slightly lower as shares of energy companies and makers of consumer goods outweighed gains in technology companies such as Apple.

Earnings report

posted: 07/28/2016 2:09 a.m. Discuss

Companies reporting quarterly earnings Wednesday included: Altria Inc., the owner of cigarette-maker Philip Morris USA, a profit of $1.65 billion, or 84 cents a share, up from $1.45 billion, or 74 cents a share, a year ago. Revenue was flat at $4.88 billion. Shares fell $1.18 to close Wednesday at $66.75.

Business news in brief

updated: 07/28/2016 2:09 a.m. Discuss

LR bank loses exec from acquired lender Trevor Burgess, former chief executive officer of C1 Financial Inc. of St. Petersburg, Fla., resigned as chief innovation officer of Bank of the Ozarks on Tuesday, the Little Rock bank said Wednesday.

As Fed ends meeting, few expect much clarity on next increase

posted: 07/27/2016 11:01 a.m. Discuss

WASHINGTON — With consumers spending and employers hiring more freely, the U.S. economy has fared better of late. But when the Federal Reserve ends its latest policy meeting Wednesday, most analysts think it will signal that it wants to see further gains before raising interest rates again.

Demand, low supply lift home prices

posted: 07/27/2016 2:18 a.m. Discuss

U.S. home prices extended their steady upward march in May, spurred by rising sales and a dwindling supply of available houses.

U.S. judge clears VW settlement

posted: 07/27/2016 2:16 a.m. Discuss

A $15 billion settlement over Volkswagen's emissions cheating scandal cleared a hurdle Tuesday, with a federal judge giving preliminary approval to a deal that includes an option for owners to have the carmaker buy back their vehicles.

Apple touts services, apps as iPhone sales drop 15% in quarter

posted: 07/27/2016 2:15 a.m. Discuss

Apple customers can expect to hear a lot more from the company about the virtues of mobile apps and online services in coming months. They're just about the only part of Apple's business that's growing right now.

Market report: McDonald's drop weighs on Dow

posted: 07/27/2016 2:11 a.m. Discuss

Stocks had a muddled session Tuesday as investors worked through a large batch of corporate earnings from companies including Gilead Sciences, McDonald's and Texas Instruments.

Earnings report

posted: 07/27/2016 2:10 a.m. Discuss

Companies reporting quarterly earnings Tuesday included: Baxter International Inc., a profit of $1.21 billion, or $2.19 a share, up from $332 million, or 13 cents a share, a year ago. Revenue rose 4.4 percent to $2.59 billion. Shares rose $1.91 to close Tuesday at $48.01.





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