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Thursday, April 17, 2014, 7:34 p.m.
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Prices in March rise 0.2%; trend seen on upward path at last

posted: 04/16/2014 3:22 a.m. Discuss

The Labor Department said Tuesday that the consumer price index rose 0.2 percent in March, after scant 0.1 percent increases in the previous two months.

Court upholds EPA rules for air-polluting emissions

posted: 04/16/2014 3:19 a.m. Discuss

A federal appeals court on Tuesday upheld the Environmental Protection Agency’s emission standards for mercury and other hazardous air pollutants from coal- and oil-fired power plants.

Johnson & Johnson says profits up 8%

posted: 04/16/2014 3:18 a.m. Discuss

A turnaround in Johnson & Johnson’s prescription medicine business fueled by new drugs, combined with reduced production and administration expenses, lifted first-quarter profit by 8 percent.

MARKET REPORT: In seesaw trading, stocks end up

posted: 04/16/2014 3:17 a.m. Discuss

Stocks managed a late-afternoon rebound for the second time in two days as investors seemed to brush off a report of lower confidence among home builders and simmering tensions in the Ukraine.

Business news in brief

posted: 04/16/2014 3:16 a.m. Discuss

QUOTE OF THE DAY “The more requirements you put on the highly regulated banks, the greater is the incentive to find ways around the tougher rules.” Bert Ely, independent banking consultant

NEWS IN BRIEF

posted: 04/16/2014 3:14 a.m. Discuss

UA team’s business plan wins top honor BioBotic Solutions, an undergraduate business plan competition team from the University of Arkansas, took the $25,000 grand prize over the weekend at the Richards Barrentine Values and Ventures Business Plan Competition at Texas Christian University in Fort Worth.

Chis unveil plan for LR hotel

posted: 04/15/2014 4:38 a.m. Discuss

The Chi Hotel Group LLC announced Monday that the 105-year-old Boyle Building at the corner of Main Street and Capitol Avenue will become a 144-room Aloft hotel, the latest project on a resurgent Main.

Despite snags, Citigroup profit up

posted: 04/15/2014 2:44 a.m. Discuss

Dogged by its failure to pass the Federal Reserve’s latest stress test and investigations of fraud at its Mexican unit, Citigroup reported some good news Monday: first-quarter profit that beat analysts’ expectations.

Hunt sees 1st-quarter income dip

posted: 04/15/2014 2:43 a.m. Discuss

J.B. Hunt Transport Services Inc. reported a decline in operating income for the first quarter of 2014, the company’s first dip in profit since the final quarter of 2009.

Price tag for meat expected to grow

posted: 04/15/2014 2:42 a.m. Discuss

Consumers can expect to pay more for meat at the grocery store as low supplies drive up prices.

SpaceX challenges alliance’s monopoly on satellite launches

posted: 04/15/2014 2:40 a.m. Discuss

LOS ANGELES — A highstakes battle is underway in Washington to launch the U.S. government’s most sophisticated national security satellites.

U.S. retail sales climb 1.1 percent

posted: 04/15/2014 2:39 a.m. Discuss

WASHINGTON — U.S. retail sales in March rose by the largest amount in 18 months, led by strong gains in sales of autos, furniture and a number of other products.

Bank of Ozarks’ net income rises by 26% in first quarter

posted: 04/15/2014 2:37 a.m. Discuss

Bank of the Ozarks earned $25.3 million in the first three months of this year, a 26 percent improvement over net income of $20 million in the same period last year, the Little Rock bank said Monday.

NEWS IN BRIEF

posted: 04/15/2014 2:35 a.m. Discuss

UA business school gets $1 million gift Wal-Mart Stores Inc. President and Chief Executive Officer Doug McMillon and his wife, Shelley, signed an agreement earlier this month to give $1 million to the University of Arkansas’ Sam M. Walton College of Business.

Business news in brief

posted: 04/15/2014 2:34 a.m. Discuss

QUOTE OF THE DAY “Despite a quarter that was difficult for our company, we delivered strong results.” Michael L. Corbat, Citigroup’s chief executive officer

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