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Thursday, October 02, 2014, 10:26 a.m.
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EBay plans '15 spinoff of PayPal

posted: 10/01/2014 2:27 a.m. Discuss

EBay said Tuesday that it will spin off PayPal into a separate, publicly traded company, more than a decade after acquiring the lucrative online payments business.

Arvest solidly deposited as biggest bank

posted: 10/01/2014 2:23 a.m. Discuss

Arvest Bank Group has strengthened its position as the largest bank in Arkansas, based on the annual federal deposit report released Tuesday.

P.A.M.'s shares do best of index

posted: 10/01/2014 2:22 a.m. Discuss

Shares of P.A.M. Transportation Services of Tontitown jumped 30 percent in the third quarter, by far the best return of any Arkansas company over the past three months.

Housing prices up, but July gains lag

posted: 10/01/2014 2:20 a.m. Discuss

Home prices in 20 U.S. cities rose in the year ended in July at the slowest pace in almost two years as still-tight credit and limited wage gains weigh on demand.

EU calls Apple's Irish tax deal illegal, asks for more details

posted: 10/01/2014 2:19 a.m. Discuss

Apple risks having to repay Ireland tax rebates worth billions of dollars after the European Union's competition watchdog said Tuesday the company appears to be benefiting from illegal tax deals there.

Market report: Markets wrap up month in a lull

posted: 10/01/2014 2:17 a.m. Discuss

A suddenly stormy month on the stock market came to a quiet end Tuesday. Major indexes drifted to a slight loss, leaving the Standard & Poor's 500 down 1.6 percent for September, its third monthly drop this year.

Business news in brief

posted: 10/01/2014 2:14 a.m. Discuss

Suddenlink: Channels at risk in fee tussle ST. LOUIS — Suddenlink Communications, a Missouri-based cable-TV provider that serves Arkansas and 15 other states, plans to drop nearly two dozen channels owned by Viacom Inc. in a dispute over a proposed fee increase.

News in brief

posted: 10/01/2014 2:07 a.m. Discuss

Murphy Oil to sell assets in Malaysia Murphy Oil Corp. has agreed to sell a 30 percent stake in its Malaysian oil and natural gas assets for $2 billion in cash to PT Pertamina Malaysia Eksplorasi Produksi.

Buffett, Gates top Forbes' 400 list

posted: 09/30/2014 3:18 a.m. Comment 1

Microsoft co-founder Bill Gates topped the Forbes list of the 400 richest Americans for the 21st time in a row, the magazine announced Monday.

U.S. bailout extorted AIG, court told

posted: 09/30/2014 1:54 a.m. Comment 1

The U.S. extorted American International Group Inc. shareholders when it extended a $182 billion taxpayer bailout at the height of the 2008 financial crisis, a lawyer for Maurice "Hank" Greenberg said.

Survey: Charges at ATM rise 5%

posted: 09/30/2014 1:54 a.m. Discuss

LOS ANGELES -- The average fee for using an out-of-network ATM climbed 5 percent in the past year to a new high of $4.35 per transaction, according to a survey released Monday by Bankrate.com.

Contracts to buy U.S. homes slide

posted: 09/30/2014 1:53 a.m. Discuss

WASHINGTON -- Fewer Americans signed contracts to buy homes in August, suggesting that real estate sales will remain sluggish over the next few months.

Hiring growth lifts consumer spending to 0.5% August gain

posted: 09/30/2014 1:52 a.m. Discuss

WASHINGTON -- Consumer spending rebounded in August as employment gains revived household earnings growth and encouraged Americans to return to shops and car dealerships.

Russian: Won't halt Arctic oil hunt

posted: 09/30/2014 1:52 a.m. Discuss

MOSCOW -- The most powerful man in Russia's oil industry said U.S. sanctions won't prevent the development of discoveries in the Arctic Ocean.

GE gamble on locomotives fast-tracks it past Caterpillar

posted: 09/30/2014 1:51 a.m. Discuss

As rain pelted the windows at General Electric Co. offices in Chicago, executives debated whether to build a low-emission locomotive. The deliberations went on for two days, and to keep the mood upbeat anyone with a negative comment had to toss cash into a jar on the table.

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