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Retailer: Reduce antibiotic farm uses

updated: 05/23/2015 3:51 a.m. Discuss

Wal-Mart Stores Inc. is asking grocery suppliers to improve animal-welfare practices and reduce the use of antibiotics in livestock that find their way as products onto the retailer's shelves.

Three automakers join recall in Japan

posted: 05/23/2015 2:09 a.m. Discuss

Three Japanese carmakers said Friday that they would recall more than 700,000 vehicles equipped with air bags made by the supplier Takata, citing the company's admission this week that its air bags contained potentially dangerous faults.

Core inflation up 0.3% in April

posted: 05/23/2015 2:09 a.m. Discuss

Core consumer prices outside of food and energy posted the biggest increase in April in more than a year, suggesting that an improving U.S. economy is finally starting to lift prices.

Yellen predicts '15 lift of interest rates

posted: 05/23/2015 2:08 a.m. Discuss

Federal Reserve Chairman Janet Yellen said Friday she expects to begin raising interest rates later this year -- if the job market improves and the Fed is confident inflation will climb closer toward its target rate.

Profit at used-car dealer up 14%

posted: 05/23/2015 2:07 a.m. Discuss

America's Car-Mart earned $7.2 million in its fourth quarter that ended April 30, a 14 percent improvement over the $6.3 million it earned in the same period last year, the Bentonville firm said.

Chinese firms invest in big trips

posted: 05/23/2015 2:07 a.m. Discuss

All-expenses-paid trips to reward top salespeople aren't unusual, but direct-marketing companies that are the Chinese versions of Amway, Avon and Herbalife are taking it to an extreme by sending thousands abroad on package tours.

Wal-Mart taking back some Li & Fung sourcing

posted: 05/23/2015 2:05 a.m. Discuss

Wal-Mart Stores Inc., the world's biggest retailer, pulled some goods-sourcing business from Li & Fung Ltd., raising concerns that the Hong Kong company may see other customers follow suit.

Banks void $19M Target settlement

posted: 05/23/2015 2:04 a.m. Discuss

The proposed $19 million settlement between MasterCard and Target Corp. over the Minneapolis-based retailer's 2013 data breach has been voided after the pact failed to attract enough support from banks.

IMF report cites flagging demand in Japan

posted: 05/23/2015 2:03 a.m. Discuss

Japan needs a complete set of policies to boost growth and mend its finances that would avoid excessive dependence on a weak yen, the International Monetary Fund said.

Market report: Stocks drift lower in light trading

posted: 05/23/2015 2:03 a.m. Discuss

The stock market capped a quiet week of trading on a down note.

Business news in brief

posted: 05/23/2015 1:59 a.m. Discuss

Equity fund to buy Frisch's Big Boy chain CINCINNATI -- Frisch's Big Boy restaurants are being sold to a private equity fund, the company announced Friday, ending family ownership of the Cincinnati-based chain that dates to a 1939 drive-thru.

News in brief

posted: 05/23/2015 1:58 a.m. Discuss

P.A.M. files to buy back 80,000 shares P.A.M. Transportation Services Inc. will repurchase 80,000 shares of company stock between $59 and $63 per share.

4 weeks' jobless-aid claims drop

posted: 05/22/2015 2:06 a.m. Discuss

The average number of Americans filing for unemployment benefits over the past four weeks dropped to a 15-year low, a sign the labor market continues to strengthen.

Sales of existing homes fall 3.3%

posted: 05/22/2015 2:06 a.m. Discuss

Sales of existing U.S. homes slipped in April due mainly to relatively few listings and rising prices, providing evidence of the housing sector's uneven recovery.

Acxiom logs $11M loss in '15

posted: 05/22/2015 2:05 a.m. Discuss

The $11.04 million loss that Acxiom Corp. recorded for the 2015 fiscal year is partly due to the revenue decline in the information-technology segment it plans to sell off in a potential $190 million deal, the company reported Thursday.


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