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Saturday, February 13, 2016, 7:03 a.m.
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Oil's best day in seven years rallies stocks

updated: 02/13/2016 2:53 a.m. Discuss

U.S. stocks jumped Friday, ending a five-day slide as oil rebounded with its best day in seven years. An encouraging report on retail sales also helped lift the stock market to its first gain since late last week.

For U.S. sweethearts, Kenya roses

posted: 02/13/2016 1:45 a.m. Discuss

On a crisp February morning, Phanice Cherop, a worker at a flower farm in Kenya, squeezed through a row of shoulder-high white roses, cut a flower and methodically placed it in the bunch she carried.

Congress bans imports of forced-labor products

posted: 02/13/2016 1:43 a.m. Discuss

A bill headed for President Barack Obama includes a provision that would ban U.S. imports of fish caught by slaves in Southeast Asia, gold mined by children in Africa and garments sewn by abused women in Bangladesh, strengthening an 85-year-old tariff law that had failed to keep products of forced and child labor out of America.

Eurozone economy grows 0.3%

posted: 02/13/2016 1:42 a.m. Discuss

The 19-country eurozone is in its longest stretch of economic expansion since the global financial crisis in 2008, but growth remains paltry despite a series of tail winds and is susceptible to a reverse if the worst fears in financial markets come to fruition.

Business news in brief

posted: 02/13/2016 1:40 a.m. Discuss

Shares of Pandora near all-time low OAKLAND, Calif. -- Pandora Media Inc., the largest Internet radio service, is exploring a possible sale, according to a person familiar with the matter. The shares fell close to an all-time low Friday as some analysts lowered their price targets amid mounting losses and competition from Spotify and Apple.

Global unease, oil batter U.S. stocks

posted: 02/12/2016 1:55 a.m. Discuss

Jitters over the global economy and a steep drop in the price of crude oil knocked U.S. stocks lower for the fourth day in a row Thursday.

Yellen: Unsure of global pressure

posted: 02/12/2016 1:53 a.m. Discuss

WASHINGTON -- Federal Reserve Chairman Janet Yellen cautioned Thursday that global economic pressures pose risks to the U.S. economy but said it's too soon to know whether those risks are severe enough to alter the Fed's interest-rate policies.

Oil traders look to storage at sea

posted: 02/12/2016 1:51 a.m. Discuss

The world is so awash with crude, the boss of BP Plc said people will be filling their swimming pools with it by the end of the year.

Pledges heard to open up Cuba

posted: 02/11/2016 2:13 a.m. Comment 1

Several lawmakers, including U.S. Rep. Rick Crawford of Jonesboro, told the U.S. Agriculture Coalition for Cuba on Wednesday that they'll work to pass legislation removing barriers to trade with Havana.

Russia bans 2 U.S. crops, cites quality

posted: 02/11/2016 2:06 a.m. Discuss

Russia on Wednesday banned U.S. corn and soybean imports, saying shipments are often contaminated with fungus or other infections, and certificates guaranteeing quality are inaccurate.

Business news in brief

updated: 02/11/2016 2:03 a.m. Discuss

Group plans to build 117-room hotel in LR An investment group has plans to build a Staybridge Suites hotel in Little Rock, the commercial real estate firm Sage Partners said Wednesday.

No end seen for oil glut in 2016

posted: 02/10/2016 2:14 a.m. Discuss

The International Energy Agency said Tuesday that oil supply is set to outpace demand this year, keeping a lid on any expected price increases.

Yield on Japan's 10-year bonds falls to zero; still, they sell

posted: 02/10/2016 2:11 a.m. Discuss

Given Japan's outsize public debt, holding an IOU from its government might seem like a risky proposition that would require the promise of a substantial reward.

Hackers said to rig exchange rate at Russian bank

posted: 02/10/2016 2:09 a.m. Discuss

Hackers used malware to penetrate the defenses of a Russian regional bank and move the ruble-dollar rate more than 15 percent in minutes, according to a Moscow-based cybersecurity firm hired to investigate the attack.

Canadian railroad backs off proxy fight for U.S. carrier

posted: 02/10/2016 2:09 a.m. Discuss

Canadian Pacific Railway Ltd. is moving away from a proxy fight for Norfolk Southern Corp. but still plans to pursue a takeover of the U.S. carrier, a person familiar with the plan said Tuesday.




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