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Wednesday, April 23, 2014, 8:41 a.m.
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World Business
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U.S. middle class No. 1 no more

posted: 04/23/2014 5:06 a.m. Discuss

The American middle class, long the most affluent in the world, has lost that distinction.

Novartis retools with two deals

posted: 04/23/2014 3:14 a.m. Discuss

Swiss pharmaceutical firm Novartis AG started an overhaul of its business Tuesday, unveiling multibillion-dollar deals with Britain’s GlaxoSmithKline PLC and the U.S.’s Eli Lilly & Co.

Chinese footwear workers reject offer, continue strike

posted: 04/23/2014 3:07 a.m. Discuss

Workers on strike at a Chinese factory owned by the world’s largest maker of athletic shoes have rejected management’s latest offer in an ongoing labor dispute that is crimping production for brands such as Nike and Adidas.

Business news in brief

posted: 04/23/2014 3:02 a.m. Discuss

QUOTE OF THE DAY “Sales are showing some lingering effects of the weather. It’s probably going to take a couple more months until you see a bounce.” Kevin Cummins, UBS Securities LLC economist, on March sales of previously owned homes

Netflix price increases seen boosting global expansion

posted: 04/22/2014 12:47 p.m. Comment 1

Netflix Inc.'s planned price increases will allow the video streaming company to increase spending on original content that will help attract more customers globally, analysts said, as many of them raised their price targets on the stock.

Tesla to build cars in China in 3 to 4 years, its CEO says

posted: 04/22/2014 3:35 a.m. Discuss

Tesla Motors Inc. Chief Executive Officer Elon Musk, who’s preparing to begin deliveries of the Model S electric vehicle in China, said he expects to be making cars in the country in the next three to four years.

China plants face challenge as growth lags

posted: 04/20/2014 2:34 a.m. Discuss

As China’s growth inexorably slows, manufacturers such as Linan Meite Cable are discovering that being an efficient, low-cost producer is no longer enough to prosper.

MARKET REPORT: Stocks seesaw on quarterly profit reports

posted: 04/18/2014 1:49 a.m. Discuss

A batch of U.S. company earnings drove stocks mostly higher Thursday.

China growth slides a bit to 7.4%

posted: 04/17/2014 3:19 a.m. Discuss

China’s economic growth slowed further in the latest quarter but appeared strong enough to satisfy Chinese leaders who are trying to put the country on a more sustainable path without politically dangerous job losses.

IBM revenue shrinks 8th-straight quarter

posted: 04/17/2014 3:15 a.m. Discuss

IBM’s first-quarter earnings fell and revenue came in below Wall Street’s expectations as amid ongoing decline in its hardware business, one that was exasperated by weaker demand in China and emerging markets.

Bitcoin trader denied bankruptcy shield

posted: 04/17/2014 3:14 a.m. Discuss

The Mt. Gox bitcoin exchange in Tokyo is headed for liquidation after a court rejected its bankruptcy protection application.

MARKET REPORT: Investor cheer buoys stocks again

posted: 04/17/2014 3:12 a.m. Discuss

Investors drove stock prices to their highest level in a week Wednesday, encouraged by a crop of corporate earnings and reassuring U.S. and Chinese economic data.

Business news in brief

posted: 04/17/2014 3:11 a.m. Discuss

QUOTE OF THE DAY “We know GM designed two different plungers and springs. They made an affirmative decision to use the cheaper one.” Joan Claybrook, former head of the National Highway Traffic Safety Administration

Airport chief to pitch Hawker site in U.K.

posted: 04/16/2014 3:26 a.m. Discuss

The Little Rock Municipal Airport Commission on Tuesday approved spending $6,000 to send its executive director, Ron Mathieu, to the Farnborough International Air Show in England in July to market the old Hawker Beechcraft facility.

Coke’s sales up despite soda drop

posted: 04/16/2014 3:24 a.m. Comment 1

Coca-Cola, the world’s biggest beverage maker, said Tuesday that the amount of soda it sold globally fell for first time in 15 years.

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