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Thursday, July 31, 2014, 3:20 p.m.
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4% jump in GDP reported

posted: 07/31/2014 5:30 a.m. Comments 2

The nation's gross domestic product rose at a 4 percent annualized rate from April through June after shrinking a revised 2.1 percent in the first quarter, the Commerce Department said Wednesday.

Aluminum-wheel maker closing Rogers plant

posted: 07/31/2014 5:28 a.m. Comment 1

Superior Industries International Inc., the nation's largest maker of aluminum wheels for cars and light trucks, said Wednesday that it's closing its Rogers plant, cutting about 500 jobs, to cut costs.

Retail giants betting on small-box stores

posted: 07/31/2014 2:52 a.m. Discuss

Analysts say small-footprint stores -- pared-down versions of regular Wal-Mart and Target stores -- are the biggest trend in retail, but the Little Rock area hasn't seen many of the megaretailers' new projects.

Toyota's first-half SUV sales help top VW for world No. 1

posted: 07/31/2014 2:51 a.m. Discuss

Toyota maintained its global sales lead over Volkswagen in the year's first six months as rising U.S. demand for sport utility vehicles paced a first-half record.

Profit falls 68% at Murphy Oil; high costs cited

posted: 07/31/2014 2:50 a.m. Discuss

Murphy Oil Corp. on Wednesday reported a 67.9 percent drop in second-quarter profit.

Monticello to get wood-pellet plant

posted: 07/31/2014 2:47 a.m. Discuss

A Texas company announced plans Wednesday to build a $90 million wood-pellet plant in Monticello that it said will add 52 jobs to the community's labor force.

Verizon asked to justify data-speed slowdown

posted: 07/31/2014 2:46 a.m. Discuss

Federal Communications Commission Chairman Tom Wheeler on Wednesday told Verizon Wireless he's troubled by the company's plan to reduce data speeds for some heavy Internet users.

Fed cuts bond buys; wages still a concern

posted: 07/31/2014 2:45 a.m. Discuss

The Federal Reserve said slack in the labor market persists even as the economy is picking up, and it continued to trim monthly asset purchases that have pumped up its balance sheet to a record $4.41 trillion.

Southwest Time Record changes mean 37 layoffs

posted: 07/31/2014 2:43 a.m. Discuss

The Southwest Times Record will lay off 37 people as it shifts its printing and mailroom operations from Fort Smith and Van Buren to facilities in Springdale and Lowell owned by Stephens Media LLC and WEHCO Media Inc. of Little Rock.

S&P investigation hampering plans for securities sale

posted: 07/31/2014 2:41 a.m. Discuss

Wall Street's plans to sell securities tied to more than $3 billion in commercial-property loans are being hampered by a regulatory investigation of Standard & Poor's, the biggest grader of such debt.

Market report: Stocks placid in face of perkier economy

posted: 07/31/2014 2:40 a.m. Discuss

A cheerful report on the U.S. economy, rising profits and no surprises from the Federal Reserve left the stock market nearly where it started Wednesday.

Business news in brief

posted: 07/31/2014 2:37 a.m. Discuss

IMF: Cyprus shy of spending cut target NICOSIA, Cyprus -- The International Monetary Fund says Cyprus will need to make more spending cuts to meet a key target of its financial rescue program.

News in brief

posted: 07/31/2014 2:35 a.m. Discuss

Conway bank closes another Florida buy Conway-based Home BancShares continued its acquisition of Florida banks, announcing Wednesday that it has signed a definitive agreement to buy Broward Financial Holdings Inc. in Fort Lauderdale.

Windstream seeks fixed-asset trust

posted: 07/30/2014 3:02 a.m. Discuss

Windstream Holdings Inc. shares surged 12 percent Tuesday after the company said it would spin off some of its assets into a publicly traded real estate investment trust.

Consumer outlook soars in July

posted: 07/30/2014 2:58 a.m. Discuss

U.S. consumers are more confident about the economy than they have been in nearly seven years.


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