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Wednesday, May 04, 2016, 12:31 p.m.
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Good signs seen amid feeble corporate gains

updated: 05/04/2016 4:06 a.m. Discuss

The first quarter was another weak one on Wall Street, but there are some signs corporate America is coming out of its recent funk.

Europe bank: Pre-report trades fishy

posted: 05/04/2016 2:19 a.m. Discuss

A European Central Bank-published study found suspicious trading ahead of seven regular U.S. economic reports, saying information leaks probably helped traders make more than $160 million in profits in two markets over six years.

Talcum cancer suit nets $55M

posted: 05/04/2016 2:19 a.m. Discuss

For the second time in three months, a St. Louis jury has ordered Johnson & Johnson to pay a sizable award over claims that its talcum powder causes cancer.

State agency lets ad-contract bids

posted: 05/04/2016 2:18 a.m. Discuss

The Arkansas Economic Development Commission, the state agency that persuades companies to move factories or offices to the state, is seeking firms for its advertising and public relations contract.

SUVs sell at torrid pace in April

posted: 05/04/2016 2:17 a.m. Discuss

America's love of pickups and SUVs helped push most automakers to healthy sales gains last month as Honda and Nissan reported best-ever April sales. Ford posted record SUV sales, while Toyota broke a record for SUV and truck sales.

Buoyed by sales rise, lower taxes, Pfizer's net income up 27%

posted: 05/04/2016 2:17 a.m. Discuss

Pfizer Inc. easily beat Wall Street expectations as the biggest U.S. drugmaker's first-quarter net income jumped 27 percent because of higher sales, lower taxes and one-time gains. The company raised its 2016 financial forecasts, citing the strong quarter and an improved business outlook, sending shares up more than 3 percent.

China explores board seats as way to stifle Net content

posted: 05/04/2016 2:16 a.m. Discuss

China is considering taking board seats and stakes of at least 1 percent in operators of some Internet portals and mobile apps in exchange for granting news licenses, according to people familiar with the plan.

Freddie Mac loses $354M in 1Q

posted: 05/04/2016 2:15 a.m. Discuss

Mortgage giant Freddie Mac reported a net loss of $354 million for the first quarter, mostly because of losses it sustained on the investments it uses to hedge against swings in interest rates.

Market report: Stocks slump on China worries

posted: 05/04/2016 2:11 a.m. Discuss

Renewed concerns about economic growth abroad -- specifically Europe and China -- weighed on markets Tuesday, causing stocks to erase all of Monday's gains.

Business news in brief

posted: 05/04/2016 2:11 a.m. Discuss

Tampa Bay Times buys rival newspaper ST. PETERSBURG, Fla. -- Florida's largest newspaper, the Tampa Bay Times, said Tuesday that it has purchased its main competitor, the Tampa Tribune, ending a decadeslong newspaper rivalry

Earnings report

posted: 05/04/2016 2:11 a.m. Discuss

Companies reporting quarterly earnings Tuesday included: Archer-Daniels-Midland Co., the world’s largest corn processor, a profit of $230 million, or 39 cents a share, down from $493 million, or 77 cents a share, a year ago.

News in brief

posted: 05/04/2016 2:08 a.m. Discuss

USA Truck re-elects 3 to board, OKs pay USA Truck re-elected three members to its board of directors and approved executive compensation during the company's annual shareholders meeting Tuesday in Van Buren.

Breakup leaves Baker Hughes flush

posted: 05/03/2016 2:09 a.m. Discuss

Baker Hughes said Monday that it will buy back shares and debt with the $3.5 billion break-up fee it is due this week from Halliburton after the oilfield service companies canceled their proposed merger.

March's outlays to build up 0.3%

posted: 05/03/2016 2:09 a.m. Discuss

WASHINGTON -- U.S. construction spending advanced in March to its highest level in more than eight years, the Commerce Department said. Gains in homebuilding and nonresidential construction offset a drop in government projects.

Buffett praises Fed’s rate policy

posted: 05/03/2016 2:09 a.m. Discuss

OMAHA, Neb. — Investor Warren Buffett said the Federal Reserve and other policymakers are generally doing a good job, but it’s difficult to predict the effects extended low interest rates will have on the economy.

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