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Analysts note sag in state job growth; unemployment rate remains at 3.8%

posted: 04/21/2018 4:30 a.m. Discuss

The unemployment rate in Arkansas for March was 3.8 percent, unchanged from February, the U.S. Bureau of Labor Statistics said Friday.

Tax law saves banks $3.59B in 1Q

posted: 04/21/2018 2:11 a.m. Discuss

NEW YORK -- The nation's six big Wall Street banks posted record, or near-record, profits in the first quarter, and they can thank one person in particular: President Donald Trump.

AT&T rests case in antitrust suit over deal

posted: 04/21/2018 2:05 a.m. Discuss

AT&T Inc. Chief Executive Officer Randall Stephenson made his grandest pitch yet for the company's planned takeover of Time Warner Inc., describing the $85 billion deal as a crucial step to the judge who holds the deal's fate in his hands.

Questions raise static in TV deal

posted: 04/21/2018 1 a.m. Discuss

Shares of Sinclair Broadcast Group Inc. dropped after judges questioned a rule change that had cleared the way for the broadcaster's proposed acquisition of Tribune Media Co., raising the possibility of turmoil for the $3.9 billion deal.

Wells Fargo fined $1B for mortgage, auto lending abuses

posted: 04/20/2018 4:01 p.m. Comment 1

NEW YORK — Wells Fargo will pay $1 billion to federal regulators to settle charges tied to misconduct at its mortgage and auto lending business, the latest punishment levied against the banking giant for widespread customer abuses.

Bankers fired up on solar projects

posted: 04/20/2018 1:58 a.m. Discuss

Interest rates are rising, making debt much more expensive for capital-intensive industries across America. But there's at least one exception: solar.

Arctic refuge drilling plan moves ahead

posted: 04/20/2018 1:58 a.m. Discuss

WASHINGTON -- President Donald Trump's administration is moving forward on oil and gas drilling in Alaska's Arctic National Wildlife Refuge, fulfilling a longtime Republican priority that most Democrats fiercely oppose.

Trump studies plan to save coal

posted: 04/20/2018 1:57 a.m. Discuss

Months into the Korean War, President Harry Truman capped wages and imposed price controls on the steel industry, seizing authority under a newly passed law to take action in the name of national defense.

Rising loan rates, tight inventory stymie house hunters

posted: 04/19/2018 4:30 a.m. Discuss

Higher mortgage rates are making the already challenging task of buying a lower-priced home even tougher for many Americans this spring.

U.S. firms want out of metal tariffs

posted: 04/19/2018 2:04 a.m. Discuss

President Donald Trump's tariffs on imported aluminum and steel are disrupting business for hundreds of American companies that buy those metals, and many are pressing for relief.

Morgan Stanley logs record profit

posted: 04/19/2018 2:02 a.m. Discuss

Morgan Stanley on Wednesday posted a surprise jump in fixed-income trading for the first quarter, which combined with better-than-expected equities results helped push revenue above $11 billion for the first time.

Cashless eateries picking up speed

posted: 04/19/2018 2:01 a.m. Discuss

The lunchtime lines at Dos Toros move faster these days -- customers don't fumble for bills or coins, and employees don't make change. Since around New Year's, the Mexican food chain has been cashless.

Senators support car-loan measure

posted: 04/19/2018 2 a.m. Discuss

The Senate on Wednesday voted to kill a 5-year-old policy warning auto lenders not to discriminate against minority-group borrowers.

CEO insists survival lies in AT&T deal

posted: 04/19/2018 1:59 a.m. Discuss

Time Warner's chief executive, Jeffrey Bewkes, vigorously defended his company's $85.4 billion merger with AT&T on Wednesday, saying the deal was necessary to confront "tectonic changes" in entertainment caused by Internet competitors such as Netflix and Amazon.

Market Report: S&P up again; energy sector soars

posted: 04/19/2018 1:58 a.m. Discuss

U.S. stocks finished broadly higher Wednesday, giving the S&P 500 its third gain in as many days.

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