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Obama says Sony wrong to cave on threats by hackers

updated: 12/20/2014 4:13 a.m. Discuss

President Barack Obama said Friday that Sony Pictures Entertainment "made a mistake" in shelving a comedy film about a plot to assassinate the leader of North Korea and pledged the U.S. would respond "in a place and manner and time that we choose" to the hacker attack on Sony that the FBI blamed on the communist government.

T-Mobile to pay up to $90M in deal

posted: 12/20/2014 2:08 a.m. Discuss

T-Mobile US will pay up to $90 million, mostly in refunds, for billing customers for cellphone text services they didn't order, under a settlement with federal regulators.

Nike's future orders miss expectations; stock drops

posted: 12/20/2014 2:05 a.m. Discuss

Shares of Nike Inc. fell the most in almost nine months Friday after future orders trailed analysts' estimates, hurt by slowing demand in western Europe and emerging markets.

Business news in brief

posted: 12/20/2014 1:59 a.m. Discuss

CEO: U.S.-Cuba shift may lift cigar cost A breakthrough in trade relations between the U.S. and Cuba could lead to an increase in prices for premium cigars if more Americans are able to buy them to smoke, the head of Imperial Tobacco Group Plc's Spanish unit said.

Sony HQ waiting out crisis

posted: 12/19/2014 1:50 a.m. Discuss

TOKYO -- Sony Corp. leaders maintained their silence Thursday as Sony Pictures Entertainment, a trophy asset, worked to repair damage created by hackers who attacked the company because of a film that dares to portray North Korean leader Kim Jong Un.

In state, growers see trade potential

posted: 12/18/2014 4:12 a.m. Discuss

Arkansas agriculture and business groups applauded the Cuba trade, travel and diplomatic policy announced by President Barack Obama on Wednesday.

Sony pulls Interview after hackers threaten theaters

posted: 12/18/2014 4:07 a.m. Comments 7

The fallout from the theft of computer data from Sony Pictures Entertainment that began four weeks ago expanded this week after the shadowy group calling itself Guardians of Peace escalated its attack beyond corporate espionage and threatened moviegoers with violence.

Russians race to beat price surges

posted: 12/18/2014 2:13 a.m. Discuss

Russian consumers flocked to stores Wednesday, buying a range of big-ticket items to pre-empt the price rises kicked off by the ruble's fall in value in recent days.

Prices for crude oil futures climb as stocks rebound

posted: 12/18/2014 2:07 a.m. Discuss

Crude oil futures rebounded with stocks Wednesday after a weeks-long market selloff prompted by concerns over rising supply and weak demand growth took a pause.

Business news in brief

posted: 12/18/2014 2:04 a.m. Discuss

New York issues fracking moratorium New York state officials announced Wednesday a moratorium on fracking, a method of mining for gas and oil, after releasing the results of a year-long study.

Russians rush to stores to pre-empt price rises

posted: 12/17/2014 7:47 a.m. Comment 1

MOSCOW — Russian consumers flocked to stores frantically buying a range of big-ticket items as they look to pre-empt price rises after the staggering fall in the value of the ruble over recent days.

Ruble buckling, Russia lifts interest rate to 17%

posted: 12/17/2014 2:16 a.m. Discuss

The Russian ruble was under intense selling pressure Tuesday, falling at one point by 20 percent to a historic low despite a huge pre-dawn interest-rate increase from Russia's central bank. Russian officials were clearly rattled even though state television urged citizens not to panic.

Business news in brief

posted: 12/17/2014 2:09 a.m. Discuss

Plant board to hold ash-tree hearing The state Plant Board will hold a public hearing Thursday on a proposal to make permanent an emergency order barring the shipment of firewood as well as raw wood products from ash trees because of the presence of the emerald ash borer in Arkansas.

Ruble slides again despite Central Bank rate increase

posted: 12/16/2014 6:53 a.m. Discuss

MOSCOW — A large interest-rate increase by Russia's Central Bank on Tuesday failed to stem the selling pressure on the ruble, which slid another 20 percent to new historic lows.

China pushes yuan for reserve-currency status at IMF in '15

posted: 12/14/2014 2:10 a.m. Discuss

HONG KONG -- For the first time, China has a real shot at getting the International Monetary Fund to endorse the yuan as a global reserve currency alongside the dollar and euro.


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