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Wal-Mart starting layoffs at home; retailer's cuts hit in Bentonville

updated: 01/21/2017 2:12 a.m. Discuss

Wal-Mart Stores Inc. has started laying off employees at the corporate level, following up on previously revealed plans to eliminate positions to help control costs and improve efficiency.

State's jobless rate declines to 3.9%

posted: 01/21/2017 2:10 a.m. Discuss

Arkansas' unemployment rate slipped to 3.9 percent in December from 4 percent in November, the U.S. Bureau of Labor Statistics said Friday.

OPEC meets to chart output cuts

posted: 01/21/2017 2:09 a.m. Discuss

Representatives of OPEC and several other major oil producers arrived in Vienna on Friday for their first meeting to monitor compliance with an agreement to cut output.

Windstream's $1.1B EarthLink marriage gets FCC's blessing

posted: 01/21/2017 2:09 a.m. Discuss

Windstream Holdings Inc. of Little Rock and EarthLink Holdings Corp. have been granted approval by the Federal Communications Commission to move forward with a planned $1.1 billion merger.

China's GDP growth slowed in '16

posted: 01/21/2017 2:08 a.m. Discuss

China's economic growth sank to a three-decade low in 2016 as its struggling exporters brace for a possible trade battle with the United States.

Las Vegas Sands to settle corruption case for $6.9M

posted: 01/21/2017 2:08 a.m. Discuss

Billionaire Sheldon Adelson's casino company is paying almost $7 million to U.S. authorities to end a more than five-year corrupt practices investigation of the firm's former relationship with a consultant in Macao and China, company and federal officials said Thursday.

Marriott chooses D.C.-area HQ site

posted: 01/21/2017 2:07 a.m. Discuss

Marriott International is still pressing to secure up to $62 million in state and county incentives for a new headquarters, and now the firm knows where it would like to spend it.

N.M. sues over faulty air bags

updated: 01/21/2017 2:06 a.m. Discuss

New Mexico Attorney General Hector Balderas has announced a lawsuit against Japanese manufacturer Takata and a long list of automakers in connection with the sale of cars with dangerous air-bag inflators.

Market report: Dow index breaks losing streak

posted: 01/21/2017 2:04 a.m. Discuss

Materials companies led U.S. stocks modestly higher Friday, recouping much of the market's Thursday loss and snapping a five-day losing streak for the Dow Jones industrial average.

Business news in brief

posted: 01/21/2017 2:03 a.m. Discuss

AIG, Berkshire ink $9.8B insurance deal

News in brief

posted: 01/21/2017 2:02 a.m. Discuss

Urban Air, retailer setting up in Conway

Crude's woes a drag on GE

posted: 01/21/2017 1 a.m. Discuss

Shares of General Electric Co. slumped Friday after another quarter hampered by persistent woes in the oil patch.

J.B. Hunt's revenue, profit up

posted: 01/20/2017 2 a.m. Discuss

J.B. Hunt Transport Services Inc. reported increases in revenue and profit Thursday for the final quarter of 2016, though its stock dropped as the market reacted to results that fell below analyst expectations after one-time costs and payments were taken into account.

Conway lender's 4Q net a record

posted: 01/20/2017 1:59 a.m. Discuss

Home BancShares, which has 142 Centennial Bank branches in Arkansas, Florida, Alabama and New York, earned a record $48.6 million in the fourth quarter, the Conway-based bank said Thursday.

Wasn't clued in, ex-VW exec says

posted: 01/20/2017 1:59 a.m. Discuss

BERLIN -- Former Volkswagen Chief Executive Officer Martin Winterkorn denied having had early knowledge of the company's cheating on diesel emissions as he testified Thursday at a German parliamentary inquiry, his first major public appearance since he resigned.






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