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Saturday, August 23, 2014, 12:19 p.m.
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Hearing takes up defaults on grain

posted: 08/23/2014 3:33 a.m. Comments 3

Farmers in Arkansas and some neighboring states stand to lose $20 million -- possibly as much as $50 million -- in the payment defaults of Turner Grain Merchandising in Brinkley, according to statements made by agricultural officials during a legislative committee hearing Friday.

State home sales gain more than 10% in a year

posted: 08/23/2014 3:32 a.m. Discuss

Arkansas home sales jumped more than 10 percent in June compared with June last year, the Arkansas Realtors Association said Friday.

Bumper corn, bean crops forecast

posted: 08/23/2014 2:03 a.m. Discuss

The ripening corn and soybean fields stretch for miles in every direction from Dennis Wentworth's farm in Downs, Ill. As he marveled at his best-yielding crops ever, he wondered aloud where the heck he'll put it all.

Fed chief voices caution on rates

posted: 08/23/2014 2:01 a.m. Discuss

Resisting pressure to more quickly tighten monetary policy, Federal Reserve Chairman Janet Yellen said Friday that there was no "simple recipe" for central bank policymakers in deciding when the labor market had improved enough to handle a rise in interest rates.

Judge: Allens remnant's bills stay

posted: 08/23/2014 1:58 a.m. Discuss

A bankruptcy judge has overruled objections by Veg Liquidation, the former owners of defunct Allens Inc., to nearly all of $1.16 million in unpaid bills claimed by a produce company.

Swelling rail rates provoke backlash

posted: 08/23/2014 1:57 a.m. Discuss

After CSX Corp. raised rates for shipping specialty gas by 41 percent over three years, Diversified CPC International Inc. had to shutter a production line near Chicago.

U.S. whiskeys face scrutiny from Russia

posted: 08/23/2014 1:55 a.m. Discuss

Jack Daniel's and Jim Beam whiskeys are facing criticism from consumer-safety officials in Russia, adding to mounting scrutiny of American brands in the country.

Bank to pay $3.15 billion for mortgage bond claims

posted: 08/23/2014 1:54 a.m. Discuss

Goldman Sachs has agreed to pay $3.15 billion to resolve claims that it misled U.S. mortgage giants Fannie Mae and Freddie Mac about risky mortgage securities it sold them before the housing market collapsed in 2007.

Poultry processors earn safety kudos

posted: 08/23/2014 1:52 a.m. Discuss

Nearly 100 chicken and turkey facilities were recognized during the National Safety Conference for the Poultry Industry -- including 14 Arkansas facilities.

Market report: Ukraine, Fed talk weigh on stocks

posted: 08/23/2014 1:51 a.m. Discuss

The stock market paused Friday, after four days of gains, after a speech by Federal Reserve Chairman Janet Yellen left investors unsure about how the nation's most important financial voice feels about raising interest rates in the coming months.

Business news in brief

posted: 08/23/2014 1:49 a.m. Discuss

Keurig coffee catapults with Kraft deal Shares of Keurig Green Mountain Inc. surged the most in more than three months Friday after announcing a deal to bring Kraft Foods Group Inc. coffee brands such as Maxwell House, Yuban and McCafe to its home-brewing system.

News in brief

posted: 08/23/2014 1:47 a.m. Discuss

Fort Smith hospital to add nursing jobs Sparks Regional Medical Center in Fort Smith wants to hire at least 50 nurses for its expanding critical cardiovascular and neurological services.

Bank settles securities suit for $16.65 billion

posted: 08/22/2014 2:24 a.m. Comment 1

WASHINGTON -- The government has reached a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis, the Justice Department announced Thursday.

Home resales in U.S. climb for 4th month

posted: 08/22/2014 2:23 a.m. Discuss

WASHINGTON -- Sales of previously owned U.S. homes rose for the fourth-straight month in July to their highest level in nearly a year, the latest sign that the housing recovery is picking up after stumbling at the start of the year.

At LR, 2 differ on how U.S. health care advances

posted: 08/22/2014 2:22 a.m. Discuss

Two speakers at a forum Thursday at the Clinton Presidential Center had differing perspectives on health care in the United States.

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