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Wednesday, May 25, 2016, 7:49 p.m.
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New home sales reach 8-year high

posted: 05/25/2016 5:45 a.m. Discuss

Americans ramped up their purchases of new homes in April to the highest level since January 2008, evidence of a strong start to the spring buying season.

Car-Mart's quarterly profit $3.4M

posted: 05/25/2016 5:45 a.m. Discuss

America's Car-Mart Inc. failed to hit earnings estimates by 18 cents per share for its fiscal fourth quarter, the company reported Tuesday, marking the fifth earnings estimate miss in a row for the Bentonville-based used-car dealer.

Airfares swoop lower for summer

posted: 05/25/2016 5:45 a.m. Discuss

Enjoy lower airfares while they last. Airlines are taking steps to push prices higher by next year.

State companies honored as exporters

posted: 05/25/2016 2:10 a.m. Discuss

Oscar Cozzini started his Arkansas stone company, RH Preyda, only 2½ years ago, and he has already more than tripled revenue and doubled the number of employees.

Cuba to legalize more businesses in private sector

posted: 05/25/2016 2:09 a.m. Discuss

Cuba announced Tuesday that it will legalize small and medium-size private businesses, a move that expands the space allowed for private enterprise in one of the world's last communist countries.

Tax raid targets Google in Paris

posted: 05/25/2016 2:08 a.m. Discuss

French police and prosecutors raided Google's Paris offices on Tuesday, intensifying a tax-fraud investigation amid accusations across Europe that Google fails to pay its fair share.

Bill passes to roll back clients-first

posted: 05/25/2016 2:06 a.m. Discuss

The Senate passed legislation Tuesday to block new Obama administration rules that require financial professionals to put their clients' best interests first when giving advice on retirement investments like individual retirement accounts.

Market report: Tech sector leads surge in U.S. stocks

posted: 05/25/2016 2:04 a.m. Discuss

U.S. stocks made their biggest gain since March on Tuesday as shares of technology companies Apple and Microsoft soared. Homebuilder shares also climbed after the government said sales of new homes reached an eight-year high last month. That was a sign the housing market and the broader economy are still in pretty good shape.

Business news in brief

posted: 05/25/2016 2 a.m. Discuss

Monsanto rejects Bayer's $62B buyout NEW YORK -- Monsanto rejected Bayer's $62 billion takeover bid on Tuesday, calling it "incomplete and financially inadequate."

News in brief

posted: 05/25/2016 1:59 a.m. Discuss

Wal-Mart effort adds 130,828 vets to rolls Wal-Mart Stores Inc. has hired 130,828 military veterans since introducing its Veterans Welcome Home Commitment on Memorial Day 2013.

Bayer's Monsanto bid ruffles investors

posted: 05/24/2016 2:41 a.m. Discuss

Bayer AG said Monday that it has offered $62 billion to buy Monsanto Co., deepening investor concern that it's stretching its finances to become the world's biggest seller of seeds and farm chemicals.

Bank of America cleared of fraud

posted: 05/24/2016 2:40 a.m. Comment 1

NEW YORK -- Bank of America Corp. was not liable for fraud and subject to a penalty of over $1.2 billion for its actions before the economy collapsed in 2008 despite a jury's finding to the contrary, a federal appeals court ruled Monday.

Amazon makes play for apparel

posted: 05/24/2016 2:39 a.m. Discuss

SEATTLE -- A series of painful earnings reports by department-store chains earlier this month showed the extent of a decline that experts say is being sped up by Amazon.com's growing might in the apparel market.

Indian mini-shuttle test flight successful

posted: 05/24/2016 2:38 a.m. Discuss

India successfully launched a scale model of a reusable spacecraft on Monday, a project that in time could pit the nation against billionaires Jeff Bezos and Elon Musk in the race to make access to space cheaper and easier.

GE, Saudis sign deals worth $1.4B

posted: 05/24/2016 2:37 a.m. Discuss

DUBAI, United Arab Emirates -- General Electric Co. said Monday it made a series of deals with Saudi Arabia worth more than $1.4 billion as part of the kingdom's ambitious plan to wean itself off crude oil.

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