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Tuesday, December 01, 2015, 4:03 p.m.
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Fed prohibits future finance-firm bailouts

posted: 12/01/2015 3:11 a.m. Discuss

WASHINGTON -- The Federal Reserve took the final step to ensure it can't repeat the extraordinary measures taken to rescue American International Group and Bear Stearns in 2008, adopting formal restrictions Monday on its ability to help failing financial firms.

Yuan OK'd as reserve currency

posted: 12/01/2015 3:10 a.m. Discuss

HONG KONG -- The International Monetary Fund on Monday approved the Chinese yuan as one of the world's main central bank reserve currencies, an acknowledgment of the country's rising financial and economic heft.

Ford: Higher costs under pact OK

posted: 12/01/2015 3:08 a.m. Discuss

SOUTHFIELD, Mich. -- Ford said its new four-year contract with the United Auto Workers will increase its U.S. labor costs by less than 1.5 percent annually by letting the company hire more low-cost workers and move production to factories in other countries.

Fantasy sports firms face legal limbo

posted: 12/01/2015 3:07 a.m. Discuss

BOSTON -- Yahoo remains active. CBS has quietly withdrawn. And lesser known daily fantasy sports companies are scaling back.

EPA set to order ethanol increase

posted: 12/01/2015 3:06 a.m. Discuss

WASHINGTON -- The Obama administration is increasing the amount of corn-based ethanol and other renewable fuels in the U.S. gasoline supply despite opposition from an alliance of oil companies, environmentalists and some Republican presidential candidates.

Pending home sales rise slightly after two down months

posted: 12/01/2015 3:06 a.m. Discuss

WASHINGTON -- Slightly more Americans signed contracts to buy homes in October, a modest rebound after two prior monthly declines. The figures add to evidence that the housing market has lost some of its momentum after rapid sales growth earlier this year.

Market report: Dimming retail hopes trim stocks

posted: 12/01/2015 3:04 a.m. Discuss

NEW YORK -- Stocks closed modestly lower on Monday as traders returned from the Thanksgiving weekend to focus on the early signs of how the Christmas shopping season may turn out and where interest rates may go in the U.S. and Europe.

Chinese president focusing on Africa

posted: 12/01/2015 3:03 a.m. Discuss

HARARE, Zimbabwe -- Some immigration signs at Zimbabwe's main international airport are in Chinese, a sign of China's deep economic inroads in Africa, which Chinese President Xi Jinping will visit this week.

Business news in brief

posted: 12/01/2015 3:02 a.m. Discuss

Dubai solar goal: 1% now, 25% by '30

News in brief

posted: 12/01/2015 3:01 a.m. Discuss

Development panel adds chief marketer

County officials differ on courts plan

posted: 12/01/2015 1 a.m. Discuss

BENTONVILLE — Benton County officials still have differing views on how to meet the county’s needs for additional space for the judicial system.

Fayetteville firm wins tech award

posted: 11/30/2015 5:45 a.m. Discuss

A Fayetteville-based water treatment technology company is hoping an international award it recently won will lead to more investor interest and sales both at home and abroad.

Africa desires U.S. products, ag leader says

posted: 11/30/2015 2:56 a.m. Discuss

State Agriculture Secretary Wes Ward, back from a trade mission to Ghana, says Arkansas' rice and poultry producers have significant export opportunities in sub-Saharan Africa.

Rush now on to build a better battery

posted: 11/30/2015 2:54 a.m. Discuss

WASHINGTON -- One of the key technologies that could help wean the globe off fossil fuel is probably at most American's fingertips right now: the battery.

Young programmers in S. Korea groomed to fight foe's elite unit

posted: 11/30/2015 2:52 a.m. Discuss

In a darkened "war room" dozens of South Korea's brightest college students are practicing hacking each other as part of a government program to train them to battle some of the world's best -- the shadowy techno-soldiers of Kim Jong Un's regime.




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