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State's jobless rate edges up to 6.3%

posted: 09/20/2014 2:18 a.m. Discuss

Arkansas' unemployment rate rose to 6.3 percent in August from 6.2 percent in July, the U.S. Bureau of Labor Statistics reported Friday.

Drugmaker to pay fine of $492 million

posted: 09/20/2014 2:17 a.m. Discuss

Drugmaker GlaxoSmithKline was fined $492 million Friday for bribing doctors in China, the biggest such penalty ever imposed by a Chinese court.

Alibaba soars 38% in trade debut

posted: 09/20/2014 2:16 a.m. Discuss

Alibaba debuted as a publicly traded company Friday and swiftly climbed more than 38 percent in a mammoth IPO that offered eager investors seemingly unlimited potential for growth and a way to tap into the burgeoning Chinese middle class.

Economic indicators rise 0.2%

posted: 09/20/2014 2:12 a.m. Discuss

The index of U.S. leading economic indicators rose for the seventh consecutive month in August as stronger job growth and an increase in consumer confidence gave a lift to the world's largest economy.

U.S. gives Exxon deferral to close Russian oil well

posted: 09/20/2014 2:10 a.m. Discuss

Exxon Mobil Corp. said the U.S. government is giving the company more time to shut its Russian Arctic well beyond the deadline for sanctions aimed at halting the $700 million project.

Blue-collar beer Pabst going to Russian company Oasis

posted: 09/20/2014 2:08 a.m. Discuss

The maker of Pabst Blue Ribbon beer is being sold to Russian company Oasis Beverages for an undisclosed sum.

Market report: Stocks little changed on busy day

posted: 09/20/2014 2:07 a.m. Discuss

With Wall Street focused on the debut of Alibaba Group, the stock market drifted into the weekend and major indexes ended little changed.

Business news in brief

posted: 09/20/2014 2:06 a.m. Discuss

Ex-Allens' owner: Payment terms not met Veg Liquidation Inc., the former owner of bankrupt Allens Inc., along with the company's new owner, says the sale agreement does not require payment of a $2.3 million claim until certain conditions are met.

Sign-ups plunge for jobless help

posted: 09/19/2014 2:03 a.m. Discuss

WASHINGTON -- The number of people applying for U.S. unemployment benefits dropped by a sharp 36,000 last week to a seasonally adjusted 280,000, the Labor Department said Thursday.

EU cloud lingers over Google

posted: 09/19/2014 2:02 a.m. Discuss

BRUSSELS -- Google faces continued scrutiny over its response to a court ruling on the right to be forgotten after regulators from across the European Union said they'd received complaints from the public.

Buffett: Takeover not driven by taxes

posted: 09/19/2014 2:01 a.m. Discuss

NEW YORK -- Billionaire investor Warren Buffett, who agreed to help finance Burger King Worldwide Inc.'s planned takeover of coffee-and-doughnut chain Tim Hortons Inc., said the deal wasn't motivated by taxes.

Apartment dip leads fall in housing starts

posted: 09/19/2014 2 a.m. Discuss

WASHINGTON -- U.S. home construction fell in August, led by a decline in the volatile apartment category. But single-family house construction, a larger and more stable portion of the market, fell only modestly.

Business news in brief

posted: 09/19/2014 1:57 a.m. Discuss

Rates jump for 15-, 30-year mortgages

Applications for U.S. jobless benefits fall sharply

posted: 09/18/2014 11:02 a.m. Discuss

WASHINGTON — The number of people applying for U.S. unemployment benefits dropped by a sharp 36,000 last week to a seasonally adjusted 280,000, a sign that the job market is strengthening.

FedEx to add 50,000 for year's end

posted: 09/18/2014 2:25 a.m. Discuss

Growth in online shopping is generating profit for FedEx, and the company plans to hire more than 50,000 extra workers to handle what is shaping up as another record year for Christmas package deliveries.


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