posted: 04/18/2014 2:04 a.m.
Wal-Mart Stores Inc. announced Thursday that it’s getting into the domestic money-transfer business, using lower fees and a simplified process to undercut competitors Western Union Inc. and MoneyGram International Inc., which already offers money-transfer services in Wal-Mart’s 4,000 U.S. stores.
posted: 04/18/2014 2:02 a.m.
Home BancShares, the parent company of Centennial Bank, had record net income of $27.3 million in the first quarter, the Conway bank said Thursday.
posted: 04/18/2014 2 a.m.
OMAHA, Neb. — Union Pacific Corp. railroad delivered a 14 percent higher quarterly profit as it hauled more agricultural, industrial and coal shipments despite the harsh winter.
posted: 04/18/2014 1:58 a.m.
Simmons First National Corp., which has acquired two Arkansas banks in six months, reported earnings of $4.4 million in the first quarter, the Pine Bluff bank said Thursday.
posted: 04/18/2014 1:56 a.m.
Later this month, the Cherokee Nation will break ground in Roland, Okla., on a new casino hotel a short distance west from Fort Smith on Interstate 40.
posted: 04/18/2014 1:54 a.m.
NEW YORK — General Electric’s new focus on oil and gas equipment helped the company post strong first-quarter results.
posted: 04/18/2014 1:53 a.m.
Agency sets hearing on QualChoice deal Catholic Health Initiatives has submitted to the Arkansas Insurance Department an application seeking to take control of QualChoice, the state’s second-largest health insurer, and the agency will hold a public hearing at 1 p.m. April 29 in its first-floor hearing room at 1200 W. Third St.
posted: 04/18/2014 1:51 a.m.
QUOTE OF THE DAY “I think the investment in our infrastructure and the condition of our infrastructure paid huge dividends for us, and maybe we had a little luck as well.” Jack Koraleski, Union Pacific chief executive officer
posted: 04/18/2014 1:49 a.m.
A batch of U.S. company earnings drove stocks mostly higher Thursday.
posted: 04/18/2014 1:48 a.m.
Companies reporting quarterly earnings Thursday included : Chipotle Mexican Grill Inc., the Mexican food chain, a profit of $83.1 million, or $2.64 a share, up from $76.6 million, or $2.45 a share, a year ago. Revenue climbed 24 percent to $904.2 million. Shares fell $32.79 to close at $519.61.
posted: 04/17/2014 3:23 a.m.
Bank of America, the second-biggest U.S. lender, swung to a first-quarter loss as the company booked $6 billion of costs tied to mortgage disputes.
posted: 04/17/2014 3:22 a.m.
U.S. home construction rose moderately in March as builders resumed work at the end of a frigid winter. But applications for building permits slid, clouding the outlook for future construction.
posted: 04/17/2014 3:20 a.m.
Pulaski County Circuit Judge Mackie Pierce agreed Wednesday to appoint Michael McAfee as receiver in a lawsuit filed by Simmons First National Bank against Mountain Pure Water Co. of Little Rock, its owner and others.
posted: 04/17/2014 3:19 a.m.
China’s economic growth slowed further in the latest quarter but appeared strong enough to satisfy Chinese leaders who are trying to put the country on a more sustainable path without politically dangerous job losses.
posted: 04/17/2014 3:16 a.m.
General Motors Co. engineers in 2001 designed an alternative to the spring used in an ignition switch for the 2003 Saturn Ion before it was rejected, according to a letter sent Wednesday to Chief Executive Officer Mary Barra from Joan Claybrook, a former head of the National Highway Traffic Safety Administration, and Clarence Ditlow, executive director of the Center for Auto Safety.