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  • WASHINGTON— Congress accomplished relatively little in a short work period, missing deadlines on the budget and on helping Puerto Rico with its financial crisis as lawmakers began a weeklong break. "It's very, very hard to get anything done if you are a drive-by Congress," House Minority Leader Nancy Pelosi, D- Calif., said Friday. Over the past month, the Senate...

  • Houston oilfield services company Baker Hughes Inc. said Friday 332 rigs sought oil and 87 explored for natural gas. Kansas, Louisiana, Texas and West Virginia were down two apiece. Alaska, Arkansas, California, North Dakota, Ohio, Pennsylvania, Utah and Wyoming were all unchanged.

  • The Federal Aviation Administration earlier this month authorized the Northeast Region Unmanned Aircraft System unit in Grand Forks to fly anywhere in the country. Alan Frazier, the chief pilot and architect of the unmanned aircraft program for the Grand Forks unit, said the agency's pilots and sensor operators are able and willing to hop on a plane with its...

  • FORT SMITH, Ark. _ ArcBest Corp. on Friday reported a first-quarter loss of $6.1 million, after reporting a profit in the same period a year earlier. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 10 cents per share. ArcBest shares have fallen almost 3 percent since the beginning of the year.

  • LITTLE ROCK, Ark.— The Chinese company Sun Paper announced plans Tuesday for a $1 billion mill in southern Arkansas, the paper company's first facility in North America. An Arkansas economic development official said earlier this month that Sun Paper was also considering Mississippi for the mill. "It will result in a real boost to the economy of south Arkansas...

  • EL DORADO, Ark. _ Deltic Timber Corp. on Monday reported first-quarter profit of $395,000. The El Dorado, Arkansas- based company said it had net income of 3 cents per share. Keywords: Deltic Timber, Earnings Report.

  • Houston oilfield services company Baker Hughes Inc. said Friday 343 rigs sought oil and 88 explored for natural gas. Among major oil- and gas-producing states, Texas lost seven rigs and Louisiana and Ohio each dropped one. Alaska, Arkansas, California, Colorado, Kansas, New Mexico, North Dakota, Oklahoma, Pennsylvania, Utah, West Virginia and Wyoming were all...

  • LITTLE ROCK, Ark.— The company that owns an Arkansas funeral home where bodies were found stacked on top of each other in unrefrigerated areas pleaded guilty Friday after felony charges were dropped against the father and son who own the business. Arkansas Funeral Care pleaded guilty in Pulaski County Circuit Court to five felony counts of abuse of a corpse...

  • April 21- Property and casualty insurer Travelers Cos Inc reported a lower-than-expected quarterly profit as catastrophe losses nearly doubled, mainly due to hail storms in Texas in March. Two-thirds of those losses came from two severe storms in Texas in March, the company said. Texas was hit by several storms in March, including tornadoes that toppled power...

  • PINE BLUFF, Ark. _ Simmons First National Corp. on Thursday reported first-quarter profit of $23.5 million. Simmons First National shares have decreased nearly 8 percent since the beginning of the year. Keywords: Simmons First National, Earnings Report.

  • LITTLE ROCK, Ark.— Arkansas GOP governor uses line-item veto to preserve the state's hybrid Medicaid expansion.

  • CONWAY, Ark. _ Home BancShares Inc. on Thursday reported first-quarter profit of $41.4 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share. Home BancShares shares have climbed slightly more than 6 percent since the beginning of the year.

  • LITTLE ROCK, Ark. _ Bear State Financial Inc. on Wednesday reported first-quarter net income of $3.3 million. Bear State Financial shares have fallen 12 percent since the beginning of the year. Keywords: Bear State Financial, Earnings Report.

  • NEW YORK— Wal-Mart is shrinking the number of board members to 12 from 15 as it looks to bolster the board for the future. As part of the changes, four directors, including its former CEO Mike Duke and Jim Walton, the son of the retailer's late founder Sam Walton, will not stand for re-election at the company's annual shareholders' meeting, set for June 3.

  • The president nominated Adam Szubin a year ago, but his nomination has languished, caught up in Senate politics. Tom Cotton, R- Ark., objected, citing the possibility that the Obama administration would ease financial restrictions that prohibit U.S. dollars from being used in transactions with Iran. The Senate needs to do its job. "

  • UnitedHealth's decision to slash its participation in the Affordable Care Act's insurance exchanges shows how these still-new marketplaces remain unsettled heading toward their fourth year. UnitedHealth covered 795,000 people through the exchanges as of the end of March, or roughly 6 percent of the 12.7 million total people who signed up for 2016...

  • UnitedHealth hiked its 2016 forecast after the nation's largest health insurer topped Wall Street's first-quarter earnings expectations. UnitedHealth's burgeoning Optum segment bolstered results in the first quarter with 54 percent revenue growth. UnitedHealth pulled in nearly $20 billion in revenue from Optum, helped by the acquisition of pharmacy...

  • LOWELL, Ark. _ JB Hunt Transport Services Inc. on Monday reported first-quarter earnings of $100.1 million. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share. Six analysts surveyed by Zacks expected $1.55 billion.

  • WASHINGTON, April 14- The U.S. Senate Agriculture Committee on Thursday approved a reauthorization of the Commodity Futures Trading Commission, nearly three years after the legislative authority for the country's commodities and swaps regulator expired. The head of the CFTC, Timothy Massad, praised the committee for clearing the way for the full Senate to...

  • The SEC offsets any taxpayer funds it receives with user fees and fines, which means its spending does not affect the federal deficit. For the SEC, "additional funding is imperative if we are to continue the agency's progress in fulfilling its responsibilities over our increasingly fast, complex and growing markets," Chair Mary Jo White said.