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China-led bank fight isolates U.S.

posted: 03/28/2015 1:56 a.m. Discuss

WASHINGTON -- U.S. resistance to a Chinese-led Asian regional bank has left it isolated among its Asian and European allies and given some heft to China's frequent complaints that Washington wants to contain its rise as a world power.

Firms in India face deadline on women

posted: 03/28/2015 1:54 a.m. Discuss

NEW DELHI -- As Indian companies rush to meet a deadline to appoint women to their boards, some high-earning business owners have a solution that meets the letter if not the intention of the law: appointing their wives.

Yemen conflict spooks oil prices higher

posted: 03/27/2015 1:47 a.m. Discuss

Volatility has entered the international oil market as escalating fighting in Yemen fuels concern about Middle East crude supplies.

Despite recession, new luxury mall caters to Puerto Ricans

posted: 03/27/2015 1:46 a.m. Discuss

SAN JUAN, Puerto Rico -- A pair of nearly 5-inch black satin heels with a large, gold alligator that serves as the front strap retails for almost $1,600 at the first Saks Fifth Avenue store to open in Puerto Rico, where nearly half the population lives in poverty.

Oil stockpiled by Iran awaits sanctions' end to hit market

posted: 03/26/2015 2:18 a.m. Discuss

Lifting oil sanctions on Iran will likely hit global markets long before the nation starts pumping more crude.

Business news in brief

posted: 03/26/2015 2:15 a.m. Discuss

Car-Mart opens its 139th dealership America’s Car-Mart Inc. opened its 139th dealership, its fifth for the fiscal year, according to a Wednesday news release.

Volatile pound flusters U.K. companies

posted: 03/25/2015 2:27 a.m. Discuss

The British pound is getting caught between the dollar's surge and the euro's slump, and its swings are shaking things up for businesses just as uncertainty grows over a potentially tight general election.

Beijing to close its coal power plants

posted: 03/25/2015 2:18 a.m. Discuss

The remaining four major coal-fired power plants supplying Beijing will be shut down next year in a move to reduce pollution that averaged more than twice China's national standard last year.

Business news in brief

posted: 03/25/2015 2:17 a.m. Discuss

Telephone company to get $25M loan Southwest Arkansas Telephone Cooperative is one of three small rural telephone companies that will receive federal loans to upgrade copper-line-based systems to fiber-optics that will enable them to improve broadband communication services.

Germans, Greeks mending fences

posted: 03/24/2015 1:53 a.m. Discuss

BERLIN -- Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel sought Monday to reboot an increasingly sour relationship, saying they are looking for ways to help Greece reach a deal with creditors that will keep it from falling out of the euro.

Business news in brief

posted: 03/24/2015 1:48 a.m. Discuss

Ford expands in China with 4th plant

Canada startups hunt for 'authentic' space

posted: 03/23/2015 2:11 a.m. Discuss

TORONTO -- Marc Shewchun's aim in life was to land that slick corner office in a downtown Toronto skyscraper. Today, he works in a red-brick walk-up with quirky plumbing and worn wooden floors.

Strike halts harvest in Mexico

posted: 03/21/2015 2:23 a.m. Comment 1

SAN QUINTIN, Mexico -- Veronica Zaragoza grew up in Baja California's coastal fields, picking berries and tomatoes and watching an industry being transformed.

Hundreds more flights axed in Lufthansa strike

posted: 03/21/2015 2:21 a.m. Discuss

BERLIN -- Lufthansa canceled hundreds more flights Friday as pilots at Germany's largest airline went on strike for the third-consecutive day and announced they would continue the walk-out over the weekend.

GM puts brakes on Russia venture

posted: 03/19/2015 2:14 a.m. Discuss

General Motors Co. said it will retrench in Russia, stopping sales of its mainstream Opel brand and most Chevrolet models in a market where auto sales are plummeting as political turmoil prevails.


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