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Market report: Stocks slip after highflying streak

posted: 07/22/2016 2:03 a.m. Discuss

NEW YORK -- Stocks fell Thursday after a mixed set of earnings reports put at least a temporary halt to the market's record-setting run. Airlines had some of the sharpest drops on worries that falling fares will hurt their profits.

Visa's profit surpasses 3Q expectations

posted: 07/22/2016 2:02 a.m. Discuss

Visa Inc., the world's largest payments network, posted fiscal third-quarter profit that beat analysts' estimates as customer card spending accelerated. The company said it will buy back as much as $5 billion of its shares.

Union Pacific's quarterly profit down 19%

posted: 07/22/2016 2:02 a.m. Discuss

OMAHA, Neb. -- Union Pacific's second-quarter profit fell 19 percent as the railroad hauled 11 percent less freight.

Starbucks cuts sales forecast

posted: 07/22/2016 2 a.m. Discuss

NEW YORK -- Starbucks trimmed its sales forecast Thursday after revenue came in lighter than expected in the most recent quarter.

Business news in brief

posted: 07/22/2016 1:59 a.m. Discuss

Bear State's 2Q profit up 79% to $4.5M

News in brief

posted: 07/22/2016 1:57 a.m. Discuss

Bank of Ozarks adds C1, is state's largest

Welspun cuts back at Little Rock site, says 100-plus laid off

posted: 07/21/2016 5:45 a.m. Discuss

Welspun Tubular Inc. in Little Rock has laid off more than 100 employees this year as a result of a persistent slump in oil prices, a company official said Wednesday.

Retailer looks to reduce chemical use

posted: 07/21/2016 2:36 a.m. Discuss

Wal-Mart Stores Inc. is asking suppliers to remove formaldehyde, triclosan and six other substances from their products, part of an effort to eliminate some chemicals from household goods.

$176M to settle oil spill in river

posted: 07/21/2016 2:34 a.m. Discuss

Enbridge Energy Partners has reached a $176 million settlement for the costliest inland oil spill in U.S. history -- a pipeline rupture in southwestern Michigan that polluted a nearly 40-mile stretch of the Kalamazoo River, federal officials said Wednesday.

DuPont investors OK Dow union

posted: 07/21/2016 2:33 a.m. Discuss

PHILADELPHIA -- Shareholders of the DuPont Co., the multinational industrial giant that traces its roots to a Delaware gunpowder mill founded by French immigrants in 1802, voted Wednesday to combine with Michigan-based Dow Chemical Co., a larger company whose shareholders also approved the deal.

Miller is buyable, U.S. tells Anheuser

posted: 07/21/2016 2:32 a.m. Discuss

Anheuser-Busch InBev NV won U.S. antitrust approval for its takeover of SABMiller PLC, after the maker of Budweiser agreed to give up ownership of the Miller brand and open the door to greater competition from craft beers.

Macy's chat tool offers in-store aid

posted: 07/21/2016 2:31 a.m. Discuss

NEW YORK -- Macy's is testing a mobile tool using artificial intelligence that lets shoppers get answers customized to the store they're in -- like where a particular brand is or what's in stock -- that they would normally ask a salesclerk face to face.

Morgan Stanley net beats forecast

posted: 07/21/2016 2:30 a.m. Discuss

Morgan Stanley on Wednesday posted profit that beat analysts' estimates as the firm reported a surprise gain in bond-trading revenue and compensation costs that were lower than expected.

Market report: Stocks continue climb to record highs

posted: 07/21/2016 2:30 a.m. Discuss

NEW YORK -- Stocks took another modest step further into record territory Wednesday after several companies reported profits that were stronger than expected, if not strong.

Getting it straight

posted: 07/21/2016 2:29 a.m. Discuss

Jonesboro City Water and Light agreed to lend $4.3 million to the city’s Advertising and Promotion Commission for a hotel project in July 2012.

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