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Top News & Analysis Arkansas

  • CALGARY, Alberta, Feb 28- Canada's oil-rich province of Alberta has fined a local subsidiary of U.S.-based Murphy Oil Corp C $172,500 for its role in a 9,000- barrel spill in 2015 that went undetected for more than six weeks, the provincial energy regulator said on Tuesday. The Alberta Energy Regulator said Murphy Oil Company failed to report the release of...

  • WASHINGTON, Feb 28- Major U.S. corporations are going to war in Washington over a Republican' border adjustment' tax proposal meant to boost exports over imports, with lawmakers in Congress coming under pressure from some of the nation's biggest employers. The political split that is opening, most pronounced in the narrowly divided Senate, could doom the...

  • Feb 27- Wal-Mart Stores Inc on Monday won the dismissal of a U.S. lawsuit accusing the world's largest retailer of defrauding shareholders in its Wal-Mart de Mexico unit by concealing its suspected bribery of public officials in Mexico. District Judge Katherine Polk Failla in Manhattan said holders of Wal-Mex's American depository shares cannot pursue...

  • Feb 27- Wal-Mart Stores Inc on Monday won the dismissal of a U.S. lawsuit accusing the world's largest retailer of defrauding shareholders in its Wal-Mart de Mexico unit by concealing its suspected bribery of public officials in Mexico. District Judge Katherine Polk Failla in Manhattan said holders of Wal-Mex's American depository shares cannot pursue...

  • Wal-Mart launched the price test across 11 Midwest and Southeastern states such as Iowa, Illinois and Florida, focusing on price competition in the grocery business that accounts for 56 percent of the company's revenue, said vendor sources with direct knowledge of the matter who did not wish to be identified for fear of disrupting business relations with...

  • HENDERSON, Louisiana, Feb 22- When Hope Rosinski's father gave her a six-acre plot in Louisiana more than a decade ago, she was surprised to find oil and gas pipelines crisscrossing the property. Opposition to the company's planned extension of the Bayou Bridge pipeline has made Louisiana bayous the latest battleground in a nationwide war against new pipeline...

  • HENDERSON, Louisiana, Feb 22- When Hope Rosinski's father gave her a six-acre plot in Louisiana more than a decade ago, she was surprised to find oil and gas pipelines crisscrossing the property. Opposition to the company's planned extension of the Bayou Bridge pipeline has made Louisiana bayous the latest battleground in a nationwide war against new pipeline...

  • CHICAGO, Feb 13- Wal-Mart Stores Inc for the first time will combine its own buying for products sold at its stores with purchases it makes for its website, sources said, a significant move to stamp out duplicate efforts as it consolidates buying operations to better fight Amazon.com Inc. The move is part of a broader push by Chief Executive Doug McMillon and new...

  • *OPEC delivered 93 percent of pledged output curbs in January. *ABN Amro reduces Brent price forecast for H1 2017 to $50/ bbl. Investors were meanwhile underwhelmed by an OPEC report showing high compliance with last year's production-cut deal.

  • More than 50% of pipeline for Keystone sitting idle

    CNBC's Jackie DeAngelis takes a closer look at President Trump's Keystone Pipeline plan, and the steel pipes sitting idle at a plant in Arkansas.

  • WASHINGTON, Jan 25- The confirmation process for Republican President Donald Trump's choice to chair the U.S. Securities and Exchange Commission appears to be moving forward without any hiccups. Jay Clayton, a lawyer whose specialties include mergers and acquisitions, met privately with Senate Banking Committee Chairman Michael Crapo on Tuesday.

  • Gov. Asa Hutchinson

    A border tax imposed by the new administration could threaten industry and agriculture in Arkansas, the governor tells CNBC.

  • WASHINGTON/ NEW YORK, Jan 19- David Nason, a General Electric executive and former Treasury Department official, is the front runner to become the Federal Reserve's top Wall Street regulator under President-elect Donald Trump, sources familiar with the screening said on Thursday. In 2008, Nason was a deputy to Treasury Secretary Henry Paulson as U.S....

  • *New Hampshire court to review enhanced damages issue. Jan 10- Wal-Mart Stores Inc has been ordered by a federal judge to pay $16.08 million to a former New Hampshire pharmacist in a gender bias case, but the amount is only about half what a jury awarded and may fall substantially further. District Judge Steven McAuliffe also asked the New Hampshire Supreme Court...

  • Jan 10- Wal-Mart Stores Inc plans to cut hundreds of jobs before the end of January, the Wall Street Journal reported, citing people familiar with the situation. The Bentonville, Arkansas- based retailer plans to eliminate jobs at its headquarters and regional personnel that support stores, according to the report. http://on.wsj.com/2jroYGF.

  • Jan 10- Wal-Mart Stores Inc plans to cut hundreds of jobs before the end of January, the Wall Street Journal reported, citing people familiar with the situation. The Bentonville, Arkansas- based retailer plans to eliminate jobs at its headquarters and regional personnel that support stores, according to the report. http://on.wsj.com/2jroYGF.

  • Jan 10- Wal-Mart Stores Inc has been ordered by a federal judge to pay $16.08 million to a former New Hampshire pharmacist in a gender bias case, but the amount is only about half what a jury awarded and may fall substantially further. District Judge Steven McAuliffe also asked the New Hampshire Supreme Court to advise whether the plaintiff Maureen McPadden was...

  • *OPEC, non- OPEC cut deal took effect on Sunday. *Oman notifies customers of crude term volume cut in March. Before the slide began, both contracts hit their highest levels since July 2015 on hopes that a deal between OPEC and other big oil exporters to cut production, which kicked in on Sunday, will drain a global supply glut.

  • Dec 29- After years of running flat out, U.S. Gulf Coast refiners are lining up repairs to plants in 2017- but facing a severe labor shortage that could delay work, drive up costs and raise accident risks. "Putting off work definitely affects the safety of the refinery," said Ed Lee, an independent refinery safety consultant who worked at Royal Dutch Shell for three...

  • Looking ahead to next year, restructuring advisers said they expect more energy-related bankruptcy filings, as the sector prepares for an upturn that could follow implementation of President-elect Donald Trump's pro-drilling agenda or OPEC's plan to cut oil production for the first time in eight years. Denver- based Bonanza Creek, with oil and natural gas...