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DreamWorks shares climb on news it's hunting buyer

posted: 04/28/2016 2:04 a.m. Discuss

Shares of DreamWorks Animation SKG Inc. jumped Wednesday on reports that the maker of the Shrek and Kung Fu Panda movies is seeking a buyer.

Facebook 1Q earnings beat forecasts

posted: 04/28/2016 2:03 a.m. Discuss

Facebook Inc. on Wednesday reported first-quarter earnings and sales that beat Wall Street's expectations.

Market report: As Fed holds, stocks sag, then rise

updated: 04/28/2016 2:01 a.m. Discuss

U.S. stocks rose Wednesday after the Federal Reserve left its key interest rate unchanged, as investors expected. Energy companies climbed again as the price of oil neared a six-month high. Technology stocks were battered by weak results from Apple and Twitter.

Earnings report

posted: 04/28/2016 2 a.m. Discuss

Companies reporting quarterly earnings Wednesday included: Boeing Co., the aircraft manufacturer, a profit of $1.2 billion, or $1.83 a share, down from $1.34 billion, or $1.87 a share a year ago. Revenue rose 2 percent to $22.6 billion. Shares rose $3.84 to close Wednesday at $137.08.

Business news in brief

updated: 04/28/2016 2 a.m. Discuss

Mexico's jobless rate hits 8-year low Mexico's unemployment rate fell in March to the lowest in almost eight years, the latest sign of stronger growth in Latin America's second-largest economy.

News in brief

updated: 04/28/2016 1:59 a.m. Discuss

March jobless rate 2.9% in NW region The seven metropolitan areas in Arkansas registered unemployment rates in March that were the lowest since at least 2008, the U.S. Bureau of Labor Statistics said Wednesday.

Insurer upbeat on exchange growth

posted: 04/28/2016 1 a.m. Discuss

Health insurer Anthem aims to pull a small profit this year from the Affordable Care Act's public insurance exchanges, and its CEO said Wednesday that he's "really glad" to be serving nearly 1 million people in this still-developing market.

$1B pulp plant to employ 250 in state's south

posted: 04/27/2016 5:45 a.m. Comment 1

Shandong Sun Paper Industry Joint Stock Co. will build a $1 billion pulp mill in Clark County near Arkadelphia, the Chinese company and Arkansas officials said Tuesday.

ArcBest's Young steps aside at 75

posted: 04/27/2016 5:45 a.m. Discuss

Robert Young III had a full-time role with ArcBest Corp. for 52 years, including 45 on the company's board of directors.

Ozarks Electric to install fiber line

posted: 04/27/2016 2:09 a.m. Comment 1

Ozarks Electric Cooperative will offer fiber-optic Internet, telephone and television service throughout the cooperative's service area. The Fayetteville-based company will use a wholly owned subsidiary to keep that service separate from its electric service.

Military lifts durable-goods orders

posted: 04/27/2016 2:08 a.m. Discuss

Orders to U.S. factories for long-lasting manufactured goods rose in March, but a key category that tracks business investment plans was weak for a second month.

Apple's sales slide 13% in 2Q

posted: 04/27/2016 2:07 a.m. Discuss

Apple Inc. posted its first quarterly revenue drop in more than a decade on Tuesday and forecast another decline in the current period, dragged down by waning demand for the iPhone.

Cheated on mileage ratings for 25 years, Mitsubishi says

posted: 04/27/2016 2:06 a.m. Comment 1

Mitsubishi Motors admitted Tuesday that it had used improper methods to test the fuel economy of cars sold in Japan for 25 years, drastically widening the scope of a mileage-doctoring scandal gripping the company.

'Living wage' states, cities facing struggle to identify violators

posted: 04/27/2016 2:04 a.m. Discuss

States and cities whose lawmakers passed "living wage" laws are finding it difficult to make sure employers actually pay their workers accordingly.

Market report: Nasdaq down fourth-straight day

posted: 04/27/2016 2:02 a.m. Discuss

Stocks finished mostly higher Tuesday in another cautious day of trading. Energy companies climbed in tandem with the price of oil, but technology companies fell.

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