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250 more lose jobs at Murphy Oil; Arkansas company reports $198.8M first-quarter loss

posted: 05/05/2016 5:45 a.m. Comments 2

Murphy Oil Corp. has laid off 250 employees, about 20 percent of its workforce, in response to low oil and natural-gas prices, the company said Wednesday.

Work begins on new downtown Little Rock hotel

posted: 05/05/2016 5:45 a.m. Discuss

Preliminary construction has begun at the site of a future Hilton Garden Inn built by Pinnacle Hotel Group of Little Rock.

SIG Sauer shifting ammo work to Arkansas

posted: 05/05/2016 5:45 a.m. Comment 1

Firearms-maker SIG Sauer Inc. said Wednesday it will centralize all its ammo production at its new plant in Jacksonville scheduled to open by the end of the year.

Mild bird-flu strain found in Missouri

posted: 05/05/2016 5:44 a.m. Discuss

Federal officials discovered a low-grade strain of bird flu at a Missouri turkey farm during a routine inspection late last week that led to the destruction of the birds there as a precaution.

Index retreats 2.74, slumps below 320

posted: 05/05/2016 5:44 a.m. Discuss

The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, dropped 2.74 to 319.45 Wednesday, the first time it closed below 320 since April 11.

Air-bag recall adding 40 million inflators in U.S.

updated: 05/05/2016 4:05 a.m. Discuss

Another 35 million to 40 million inflators on air bags made by Japanese auto-parts maker Takata need to be replaced and are subject to new recalls that will more than double what already is the largest automotive recall in American history, the federal government said Wednesday.

Companies pull back on hiring

posted: 05/05/2016 2:05 a.m. Discuss

U.S. companies added jobs at the slowest pace in three years in April, a private survey found, a sign that slower growth and volatile financial markets could be weighing on hiring.

Deficit in trade declines by 13.9%

posted: 05/05/2016 2:04 a.m. Discuss

The U.S. trade deficit fell in March to the lowest level in 16 months as imports plunged by the largest amount since the depths of the recession seven years ago.

Farmers quick to sell corn at $4

posted: 05/05/2016 2:03 a.m. Discuss

The best rally for corn prices in 10 months meant U.S. farmers were frantic to sell from the mountain of grain they'd been hoarding.

500-euro 'Bin Laden' note on the way out; aids terror, EU says

posted: 05/05/2016 2:02 a.m. Discuss

In a move aimed at hampering cash transactions by terrorists, drug dealers and money launderers, the European Central Bank on Wednesday announced an end to the 500-euro bank note, worth roughly $575.

Seven banks to pay $324M to settle rate-fixing claims

posted: 05/05/2016 2:02 a.m. Discuss

Seven banks including Bank of America Corp., Barclays Bank PLC and Citigroup Inc. agreed to pay $324 million to settle claims they conspired to rig the ISDAfix benchmark, which is used in the sale of interest-rate derivatives and other financial instruments.

Market report: After hiring data, investors jittery

posted: 05/05/2016 2:01 a.m. Discuss

U.S. and global stock indexes moved lower a second day Wednesday after a dismal report on job creation that gave investors concern over the state of the economy. The data followed a round of economic news out of China and Europe a day earlier that also suggested sluggish growth.

Business news in brief

updated: 05/05/2016 2 a.m. Discuss

London Stock Exchange buyout fizzles ATLANTA -- Intercontinental Exchange has jettisoned plans to acquire the London Stock Exchange.

Kraft Heinz beats earnings estimates

posted: 05/05/2016 1 a.m. Discuss

Kraft Heinz Co., formed by a merger of two U.S. food giants last year, posted first-quarter sales and profit that topped estimates after the company cut expenses and made inroads with new condiments.

Good signs seen amid feeble corporate gains

updated: 05/04/2016 4:06 a.m. Discuss

The first quarter was another weak one on Wall Street, but there are some signs corporate America is coming out of its recent funk.




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