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President signs law to slacken bank rules

posted: 05/25/2018 4:30 a.m. Comments 3

WASHINGTON -- President Donald Trump on Thursday signed into law a bill that rolls back banking regulations passed in response to the 2008 financial crisis, declaring it a "big deal for our country."

New hotel to open at Little Rock airport in 2019

posted: 05/25/2018 4:30 a.m. Discuss

The first new hotel development near Bill and Hillary Clinton National Airport/Adams Field in Little Rock in 30 years is scheduled to open in June 2019.

Arkansas Heart Hospital plans branch in Bryant

posted: 05/25/2018 4:30 a.m. Discuss

Arkansas Heart Hospital is planning a new hospital in Bryant, although details for now are few.

Arkansas Index up 2.92, ends at 429.15

posted: 05/25/2018 4:30 a.m. Discuss

The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, gained 2.92 to 429.15 Thursday.

State’s job growth seen as slowing

posted: 05/25/2018 2:03 a.m. Discuss

FAYETTEVILLE -- Labor-force growth in Northwest Arkansas and the rest of the state slowed somewhat, while federal tax cuts and the threat of tariffs haven't offered many benefits so far, a University of Arkansas economist said Thursday.

Europe's privacy mandate on deck

posted: 05/25/2018 2:01 a.m. Discuss

SAN FRANCISCO -- Silicon Valley companies for months have been rewriting their privacy policies to make them clearer in time for a deadline today -- the day Europe ushers in a sweeping new privacy law that stands to affect users worldwide.

Auto-import tariff called bad idea

posted: 05/25/2018 1:59 a.m. Discuss

DETROIT -- Auto industry analysts and advocates say American consumers will be hurt if President Donald Trump follows through on using "national security" concerns about declining manufacturing jobs to justify adding a major tax on imported trucks, cars and auto parts.

German lender set to shed thousands of jobs to cut costs

posted: 05/25/2018 1:59 a.m. Discuss

FRANKFURT, Germany -- Deutsche Bank is slashing thousands of jobs as Germany's largest lender refocuses its global investment banking business on Europe and seeks to return to steady profitability.

Trump seeks new rules to aid space businesses

posted: 05/25/2018 1:58 a.m. Discuss

President Donald Trump is ordering a series of new regulatory changes designed to encourage the commercial space industry, in a move the White House says will help stimulate business growth and create new jobs.

SUV 'saw' walker before fatal crash

posted: 05/25/2018 1:55 a.m. Discuss

DETROIT -- The autonomous Uber SUV that struck and killed an Arizona pedestrian in March spotted the woman about 6 seconds before hitting her, but did not stop because the system used to automatically apply brakes in potentially dangerous situations had been disabled, according to federal investigators.

MARKET REPORT: Oil, cars, summit exit rattle stocks

posted: 05/25/2018 1:54 a.m. Discuss

NEW YORK -- U.S. stocks finished mostly lower Thursday as energy companies skidded along with oil prices. The market dropped after President Donald Trump said he canceled a meeting with North Korean leader Kim Jong Un, but recovered most of those losses.

Russian gas giant dodges fine in antitrust settlement with EU

posted: 05/25/2018 1:54 a.m. Discuss

The European Commission said Thursday that it had reached a settlement with Gazprom, concluding a long-running antitrust investigation into the Russian energy giant's dominance in regional gas markets.

Business news in brief

posted: 05/25/2018 1:53 a.m. Discuss

CEO out at Russian aluminum-maker

Arkansas Public Service Commission pressed over utilities' tax paybacks

posted: 05/24/2018 4:30 a.m. Discuss

Attorneys for large industrial businesses and for the attorney general's office told the Arkansas Public Service Commission on Wednesday that the state's utilities have been mandated to repay excess income taxes to customers as soon as possible.

Comcast to counter Disney for Fox

posted: 05/24/2018 2:10 a.m. Discuss

Walt Disney Co. is getting some serious competition in its effort to acquire 21st Century Fox's movie and television assets: Comcast Corp.

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