National Business News
RSSTrucker says no to exit of chief
Chairman keeps USA Truck seat
USA Truck’s board of directors has rejected the conditional resignation of Chairman Robert Peiser — overriding concerns by a shareholders’ advisory group about the date stockholders will be allowed to vote on the company’s shareholders’ rights or “poison pill” provision. Continue reading...
United resumes flights of Boeing 787s
Boeing Co.’s 787 Dreamliner cleared another hurdle in restoring its image Monday as United Airlines resumed flights after the jet’s lithium-ion battery flaws forced a three-month grounding. Continue reading...
Year after IPO, Facebook aims to bag ads
Facebook, the brainchild of a young chief executive who sauntered into Wall Street meetings in a hoodie, was going to be bigger than Amazon, bigger than McDonald’s, bigger than Coca-Cola. And it was all made possible by users’ friendships, photos and family ties. Continue reading...
FDA meeting resistance on compounding
Pharmacists who synthesize drugs fear rise of regulation
State and federal authorities agreed that things got out of hand when the New England Compounding Center produced mass quantities of contaminated injectable steroids linked to more than 50 deaths among hundreds of cases of meningitis last fall. Continue reading...
Global oil market being transformed by a gushing U.S.
America to import less,Asia more as shortage threats fall, report says
NEW YORK — The surge in oil production in the U.S. and Canada and shrinking oil consumption in the developed world are transforming the global oil market. Continue reading...
Autumn drop in imports forecast
The import volume at the nation’s major retail container ports is expected to slow to a crawl over the summer and stall out come August and September. Continue reading...
PATENTS AWARDED
U.S. Patents Issued to Arkansans May 14 Patent 8,439,322 B2. Apparatus and Method for Mounting of Cabinets. Issued to Michael E. Skudin of Little Rock, Dennis D. Davis of Sheridan and David W. Willis of Franklin, Ind. Assigned to Windstream Intellectual Property Services Inc. of Little Rock and General Devices Co. Inc. of Indianapolis. Continue reading...
McDonald’s expected to redo swollen menu
To speed up service, cutback likely
The Angus burger is going away, and it’s not the only McDonald’s dish being considered for the chopping block. Continue reading...
Index: Economy to gain in health
Housing starts, job gains boost future prospects for U.S.
A measure of the U.S. economy’s future health rose solidly in April, buoyed by a sharp rise in applications to build homes and a better job market. Continue reading...
Top lender halts foreclosure sales to study rules
Wells Fargo wants to ensure it understands new federal guidelines before it sells more houses
Wells Fargo & Co., the United States’ biggest home lender, halted some foreclosure sales until it can understand new federal guidelines on seizures. Continue reading...
Positive reports lift stock market
Encouraging news about the U.S. economy extended the stock market’s rally Friday. Continue reading...
Business news in brief
QUOTE OF THE DAY “I’m not surprised major hubs have fared better.The larger the population base, the more potential travelers.” John Parker, Fort Smith Airport director, about a new study showing small U.S. airports have lost commercial airline flights over the past five years. Article, 1D Continue reading...
April housing starts slip 16.5%
Building permits jump to 5-year high, signal rebound
Starts on new U.S. homes fell more than forecast in April to a five-month low, indicating a pause in the industry’s progress as builders slowed work on apartments. Building permits surged to an almost five year high. Continue reading...
Jobless claims increase by 32,000
4-week average indicates guarded hiring, analyst says
The number of Americans seeking unemployment benefits rose 32,000 last week to a seasonally adjusted 360,000, the most since late March. The jump came a week after applications had reached a five-year low. Continue reading...
Berkshire cut to AA on S&P’s new criteria
Ratings firm cites negative outlook
Warren Buffett’s Berkshire Hathaway Inc. had its credit grade lowered one level by Standard & Poor’s after the ratings firm revised its criteria for evaluating insurance holding companies. Continue reading...
