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Business News

U.S. housing starts rose to 717,000 in April

8:26 AM, May 16, 2012

U.S. builders began work on more homes last month, evidence that the battered housing market is slowly healing.

Trucking industry continues to see ups, downs

10:36 PM, May 15, 2012

The roller coaster ride continues for the trucking industry.

Unemployed vets get job assistance

7:18 PM, May 15, 2012

The federal government is reaching out to unemployed veterans to help them find a job.

Penney reports loss and plummeting sales in 1Q

3:26 PM, May 15, 2012

J.C. Penney is reporting a bigger-than-expected loss and plummeting profits in the first quarter as many of its customers are rejecting a new bold pricing strategy that puts an end to rampant discounting in favor of everyday low prices.

JPMorgan Chase CEO: 'Costly mistakes self inflicted'

2:13 PM, May 15, 2012

The head of JP Morgan Chase told shareholders today that the bank's costly mistakes were self inflicted. He insisted he wasn't against new financial regulation as some lawmakers step up their calls for tougher rules.

Will Greece leave the Euro zone?

10:31 AM, May 15, 2012

With no sign of a functioning government in Greece, concerns are growing that this country could soon be forced out of the single currency.

Facebook raises IPO price as offering nears

8:46 AM, May 15, 2012

Facebook is raising the price at which it plans to sell stock to the public.

U.S. retail sales rose slight 0.1 percent in April

8:35 AM, May 15, 2012

U.S. consumers barely increased their spending on retail goods in April. The weak gain was affected by cheaper gas prices and possibly a mild winter, which may have encouraged consumers to make purchases in the previous two months.

Ark. poultry company CEO to ring closing bell

8:08 AM, May 15, 2012

Tyson Foods president and CEO Donnie Smith will ring the closing bell at the New York Stock Exchange.

Ark. Business: Osborne family auctioning assets

9:08 PM, May 14, 2012

Arkansas Business publisher Jeff Hankins stopped by the THV Information Center shed light into how Jennings Osborne's finances ended in a tangle of debt.

Tourism will start early in Ark.

6:54 PM, May 14, 2012

With many Arkansas schools getting out earlier than normal this year, tourism season will pick up.

JPMorgan chief investment officer leaving

12:48 PM, May 14, 2012

JPMorgan Chase says its chief investment officer is retiring after a $2 billion trading blunder.

Some fear economic slowdown of Chinese economy

12:07 PM, May 14, 2012

In move to boost liquidity and lending, China cut the amount of cash banks must set aside as reserve. This move by the Chinese Central Bank comes as a growing number of international companies are eyeing China's one billion-plus consumers.

Zuckerberg turns 28: A look back at his Facebook rise

9:17 AM, May 14, 2012

It's a big day for Facebook's CEO Mark Zuckerberg, he turns 28-years-old today. But here's something you might not know about him. He's exactly half the age of the average S&P 500 chief executives.

Residential Mortgage seeking Chapter 11 protection

8:17 AM, May 14, 2012

Ally Financial Inc.'s mortgage division known as ResCap is seeking Chapter 11 bankruptcy protection.