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Businesses reassess role after development pick

posted: 04/18/2015 2:44 a.m. Discuss

Arkansas' business leaders are beginning to sort out what role the private sector will play in future economic development after Gov. Asa Hutchinson called on the nonprofit Arkansas Economic Development Foundation to expand its place in attracting new business.

Deltic to widen Rahling Road in LR

posted: 04/18/2015 1:52 a.m. Discuss

Deltic Timber Corp. will spend $8 million over the next year to expand Rahling Road in west Little Rock, Ray Dillon, chief executive officer of the El Dorado firm, said Friday.

Gas cost revs up inflation measure

posted: 04/18/2015 1:51 a.m. Discuss

WASHINGTON -- Higher-priced gasoline drove consumer prices slightly higher in March, a sign that some of the effects of cheaper oil are fading and that inflation may be edging up to healthier levels.

2 at Fed caution on tightening

posted: 04/18/2015 1:50 a.m. Discuss

Two Federal Reserve officials said a recent run of weak economic data makes them wary of raising interest rates too soon, reinforcing forecasts that the Fed will wait until September to tighten.

GE reports solid industrial growth

posted: 04/18/2015 1:50 a.m. Discuss

General Electric on Friday reported solid profit growth in the first quarter in its industrial business, where it is increasingly betting for the future. The nation's largest industrial corporation announced last week that it was selling off its finance business faster than previously planned.

Google fine tunes searches for mobile

posted: 04/18/2015 1:49 a.m. Discuss

SAN FRANCISCO -- Google is about to change the way its influential search engine recommends websites on smartphones and tablets in a shift that's expected to sway where millions of people shop, eat and find information.

G-20 officials confront global economic uncertainty

posted: 04/18/2015 1:48 a.m. Discuss

WASHINGTON -- Financial officials from the world's major economies are welcoming modest improvements in the global economy while sidestepping fears rattling global financial markets that Greece will default on its bailout loans.

Market report: Markets dip on lull in Greek debt talks

posted: 04/18/2015 1:46 a.m. Discuss

NEW YORK -- Fear that Greece will default and abandon the euro rattled global financial markets Friday.

Comcast merger to hit U.S. snags, sources say

posted: 04/18/2015 1:46 a.m. Discuss

Staff attorneys at the Justice Department's antitrust division are nearing a recommendation to block Comcast Corp.'s bid to buy Time Warner Cable Inc., according to people familiar with the matter.

Sales pick up at home for China auto brands

posted: 04/18/2015 1:44 a.m. Discuss

BEIJING -- Chinese auto brands, pressed by foreign competition, are enjoying a rebound as they head into next week's Shanghai auto show, their biggest marketing showcase of the year.

Business news in brief

posted: 04/18/2015 1:43 a.m. Discuss

New public-land drilling fees proposed

News in brief

posted: 04/18/2015 1:43 a.m. Discuss

$3 million obtained for navigation study

Greek bond yields climb on fears of debt default

posted: 04/17/2015 1:51 a.m. Discuss

LONDON -- Fears of a Greek debt default sent the country's borrowing costs surging Thursday and prompted one prominent U.K. bookmaker to stop taking bets on the possibility of Greece leaving the euro.

Centennial Bank's owner earns $31.1M

posted: 04/17/2015 1:51 a.m. Discuss

Home BancShares, which owns Centennial Bank branches in three states, earned $31.1 million in the first quarter, the Conway firm said Thursday.

New jobless-aid claims rise by 12,000

posted: 04/17/2015 1:50 a.m. Discuss

Fewer than 300,000 American workers filed applications for unemployment benefits last week for the sixth consecutive week, pointing to labor-market strength even as hiring cooled last month.

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