posted: 12/07/2013 2:15 a.m.
The unemployment rate dropped to a five-year low of 7 percent in November, the Labor Department said Friday, as American employers added more workers than forecast.
posted: 12/07/2013 2:12 a.m.
Sears Holdings Corp. plans to spin off its Lands’ End Inc. unit, giving investors a piece of a profitable clothing brand after almost nine years of market-lagging returns for the department store chain’s shares.
posted: 12/07/2013 2:11 a.m.
U.S. consumers increased their spending in October even though their wages and salaries barely rose, raising questions about how strong the economy will grow at the end of the year.
posted: 12/07/2013 2:09 a.m.
Qantas Airways Ltd.’s credit rating was cut to junk Friday at Standard & Poor’s, a day after the carrier estimated a record first-half loss.
posted: 12/07/2013 2:07 a.m.
The Los Angeles city attorney sued Wells Fargo and Citigroup on Thursday, alleging the companies engaged in mortgage discrimination that led to a wave of foreclosures in minority communities during the housing crash.
posted: 12/07/2013 2:06 a.m.
Bernard Madoff used a process his inner circle called “schtupping” to increase the fake trading profit of the con man’s richest clients between Christmas and New Year’s, his former finance chief told a jury.
posted: 12/07/2013 2:06 a.m.
AT&T, under fire for ongoing revelations that it shares and sells customers’ communications records to the National Security Agency and other U.S. intelligence offices, said it isn’t required to disclose to shareholders what it does with customers’ data.
posted: 12/07/2013 2:05 a.m.
Tornadoes and thunderstorms that swept across the U.S. Midwest last month will probably cost more than $1 billion in economic losses, led by damage in Illinois and Indiana, according to insurance broker Aon PLC.
posted: 12/07/2013 2:04 a.m.
Stocks rose sharply Friday after the government reported a fourth straight month of solid U.S. job gains, the latest encouraging sign for the economy.
posted: 12/07/2013 2:02 a.m.
QUOTE OF THE DAY “People are feeling better, that’s a positive for the holiday season. This year I don’t see the same strong fiscal headwinds ahead of us to impede our momentum.” Russell Price, Ameriprise Financial Inc. senior economist
posted: 12/07/2013 2 a.m.
Farm Bureau voters re-elect two at top Delegates to the 79th annual Arkansas Farm Bureau convention Friday re-elected Manila farmer Randy Veach as president and Rich Hillman of Carlisle as vice president.
posted: 12/06/2013 12:55 a.m.
Ben E. Keith Co. has purchased 70 acres in North Little Rock at the northwest corner of Interstate 440 and U.S. 70 to build a 350,000-square-foot distribution center expected to open in early 2016.
posted: 12/06/2013 12:51 a.m.
The U.S. economy expanded in the third quarter at a faster pace than initially reported, led by the biggest increase in inventories since early 1998. Consumer spending slowed.
posted: 12/06/2013 12:49 a.m.
Venezuelans have been scrambling for dollars for weeks, taking refuge in the greenback as their own currency is in free fall.
posted: 12/06/2013 12:47 a.m.
Fast-food workers and labor organizers joined in demonstrations in cities across the country Thursday in a push for higher wages.