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Tuesday, July 28, 2015, 4:57 p.m.
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Senators put bank revival in road bill

posted: 07/28/2015 5:16 a.m. Discuss

Senators overruled heated conservative opposition Monday and added a measure reviving the federal Export-Import Bank to highway legislation. Earlier in the day, a House Republican had declared the transportation bill dead on arrival.

Car-recall fine $105M, a record hit

posted: 07/28/2015 5:08 a.m. Discuss

In their most aggressive crackdown yet on auto safety, federal regulators levied a record penalty of $105 million against Fiat Chrysler Automobiles for failing to complete 23 safety recalls covering more than 11 million vehicles.

Greece had secret 'Plan B' to dump euro for drachma

posted: 07/28/2015 5:06 a.m. Discuss

Greece's leftist government came under further pressure Monday after the release of a recording in which the former finance minister described a secret plan to leave the euro.

Getting it straight

posted: 07/28/2015 3:36 a.m. Discuss

US Bank is the trustee for an unidentified owner that holds trust preferred securities in Acme Holding Co., parent company of Allied Bank of Mulberry. An article in Sunday's editions incorrectly identified the federal government as the owner of the trust preferred securities.

Deal with U.S. near, One Bank says

posted: 07/28/2015 2:53 a.m. Discuss

A settlement is expected to be completed within a month between the federal government, One Bank and Trust Co. of Little Rock and others, the bank said Monday.

Chinese stock index sheds 345.35

posted: 07/28/2015 2:52 a.m. Discuss

China's summer stock market roller coaster continued Monday as the Shanghai composite index dropped 8.5 percent, its biggest single-day fall since 2007, casting doubts on stabilization moves from Chinese authorities.

Allergan selling generics to Teva

posted: 07/28/2015 2:50 a.m. Discuss

The Israeli drugmaker Teva Pharmaceuticals said Monday that it had agreed to acquire the generic drug division of Allergan for $40.5 billion in cash and stock.

June's durable-goods orders jump 3.4%

posted: 07/28/2015 2:49 a.m. Discuss

Orders to U.S. factories for big-ticket manufactured goods posted a sizable gain in June, but the advance was fueled by higher demand for commercial aircraft. Outside of this volatile category, another category, which represents business investment, rose by a far more modest amount.

Cuomo unveils airport's redesign

posted: 07/28/2015 2:48 a.m. Discuss

Gov. Andrew Cuomo on Monday introduced a plan to redesign and rebuild LaGuardia Airport, replacing the cramped, outdated hub with a unified terminal that will have more than double the space.

News in brief: Zero Mountain plans Fort Smith expansion

posted: 07/28/2015 2:46 a.m. Discuss

Fort Smith-based Zero Mountain Inc. has acquired property for $4 million and will expand its facility, increasing the company's cold storage capacity to more than half a million square feet.

College, Puerto Rico test OppenheimerFunds' bond strategy

posted: 07/28/2015 2:18 a.m. Discuss

OppenheimerFunds Inc., which owns more Puerto Rican bonds than any other mutual-fund company, will be among the hardest hit if the island lapses into a default on some of its $72 billion of debt.

Market report: Stocks fall in trading worldwide

posted: 07/28/2015 2:17 a.m. Discuss

Stocks fell broadly around the globe Monday, a reaction to a steep drop in the Chinese market overnight.

Chicken Fries boost Burger King sales

posted: 07/28/2015 2:16 a.m. Discuss

Burger King can crow about the return of its Chicken Fries. Parent company Restaurant Brands International Inc. said Monday sales rose 7.9 percent at Burger King locations in the U.S. and Canada during the second quarter.

Dollar ebbs ahead of Fed policy meeting

posted: 07/28/2015 2:15 a.m. Discuss

The dollar retreated Monday after its longest weekly rally of 2015 as a sell-off in stocks and commodities fueled concern global growth will sag as the U.S. considers raising interest rates.

French farmers protest, turn back trucks

posted: 07/28/2015 2:14 a.m. Discuss

French farmers angry over low prices turned back hundreds of trucks at the German border Monday, looking for cargoes of foreign meat and milk products.




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