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Chinese company looking in, outside state for mill site

posted: 02/04/2016 1:59 a.m. Discuss

A Chinese company that expressed interest in November in building a $1.36 billion pulp mill in south Arkansas is also considering other states for the mill.

Swiss Syngenta says yes to China's $43B

posted: 02/04/2016 1:58 a.m. Discuss

Six months ago, Syngenta said no to a $47 billion takeover attempt from Monsanto, arguing it was too risky.

2015 loss at $6.4B, BP widens job cuts

updated: 02/03/2016 4:02 a.m. Discuss

The newest measure of the oil industry's falling fortunes arrived Tuesday in the form of a $3.3 billion, fourth-quarter loss reported by BP.

Deal reached on EU consumers' data in U.S.

posted: 02/03/2016 2:04 a.m. Discuss

The European Union and the United States struck a deal Tuesday over data-sharing that will allow the likes of Facebook and Apple to continue sending people's information across the Atlantic.

Business news in brief

updated: 02/03/2016 1:58 a.m. Discuss

Two partner on Hot Springs rehab center CHI St. Vincent Hot Springs, a Catholic Health Initiatives' hospital, and HealthSouth Corp. recently began operations of CHI St. Vincent Hot Springs Rehabilitation Hospital, St. Vincent said Tuesday.

China: Investors cheated of $7.6B

posted: 02/02/2016 2:47 a.m. Discuss

HONG KONG -- A Chinese online finance company bilked investors out of more than $7.6 billion, spent lavishly on gifts and salaries and buried the evidence, according to authorities and a former company executive, who described the operation as a Ponzi scheme.

Yahoo Japan says ivory sales legal as petition tops 1 million

posted: 02/01/2016 2:23 a.m. Discuss

TOKYO -- Yahoo Japan said it is strengthening policing of illegal ivory on its online commerce site as criticism grows it is supporting a trade that fuels the slaughter of wild elephants.

Oil's slide has Saudis weighing options

posted: 01/31/2016 1:48 a.m. Discuss

Saudi Arabia is racing to attract more investment and overhaul its economy as low oil prices expose it to urgent domestic challenges.

Market upsurge caps off January

posted: 01/30/2016 1:54 a.m. Discuss

NEW YORK -- Stocks soared on the last trading day of January, with Microsoft, Visa and other tech stocks making the biggest gains in a broad market rally.

Chevron's 4Q loss first since 2002

posted: 01/30/2016 1:53 a.m. Discuss

OPEC's market-share war is inflicting more pain than the world's top tier of oil producers have felt in at least 13 years.

Bank of Japan depositors to pay

posted: 01/30/2016 1:44 a.m. Discuss

TOKYO -- The Bank of Japan on Friday said it will charge lenders that leave too much cash on idle deposit with it, introducing a negative interest rate policy for the first time as it seeks to shore up a stumbling economic recovery.

OPEC: No talks set with Russia

posted: 01/29/2016 1:47 a.m. Discuss

OPEC delegates said they have no meeting planned with Russia after the country's energy minister, Alexander Novak, indicated he was willing to meet with the group next month to coordinate oil-output policy.

China stock buyers sift ruins for deals

posted: 01/29/2016 1:47 a.m. Discuss

While the rest of the world scrambles to get out of the crumbling Chinese stock market, a trickle of investors is heading straight into the wreckage.

U.S. auto buybacks on table, VW hints

posted: 01/29/2016 1:45 a.m. Discuss

Volkswagen is considering whether it should buy back some diesel cars in the United States if it can't make them compliant with air-quality rules fast enough, a lawyer for the company said.

Business news in brief

updated: 01/29/2016 1:41 a.m. Discuss

Mortgage rates fall for fourth week WASHINGTON -- Average long-term U.S. mortgage rates fell this week for a fourth-consecutive week amid persisting turmoil in stock markets and global economic worries.

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