Jason Cook harvests wheat last month in Pulaski County. Wheat was a key contributor to the state’s surge in agricultural exports in 2008.
Up to 27 Lonoke County farmers said to have lost 60% to 100% of plants
By Matt Harris
(Friday, July 3, 2009)
Roughly 26,000 acres of crops were damaged by hail from a storm that rolled over Lonoke County on Tuesday, compounding problems for some farmers already struggling to catch up after May rainfall put them far behind schedule. » Read story.
by bree fowler the associated press
(Friday, July 3, 2009)
An attorney for General Motors urged a bankruptcy judge Thursday to approve the automaker’s sale plan, saying that the only other alternative would be a liquidation of the company’s assets that would have “horrific” consequences. » Read story.
President voices his concern as U.S. jobless rate hits 9.5%
democrat-gazette press services
(Friday, July 3, 2009)
Employers cut a larger-than-expected 467,000 jobs in June and the unemployment rate climbed to a 26-year high of 9.5 percent, the Labor Department reported Thursday. » Read story.
Wheat led way as demand abroad rose
By Matt Harris
(Friday, July 3, 2009)
Arkansas wheat led a 49 percent growth in the state’s agricultural exports in 2008 to $3.2 billion, mirroring a national trend in rising shipments of grain abroad, according to U.S. Department of Agriculture figures released this week. » Read story.
Average penalties up as revenue falls
By Arkansas Democrat-Gazette Staff and Wire Reports
(Friday, July 3, 2009)
The banks want more money, and they’ve found a way to get it: by raising account fees. » Read story.
by clifford krauss the new york times
(Friday, July 3, 2009)
James M. Davis, the chief lieutenant of R. Allen Stanford, will plead guilty to fraud and conspiracy after reaching an agreement to cooperate with prosecutors in their case against the Texas billionaire, his lawyer said. » Read story.
By Laurie Whalen
(Friday, July 3, 2009)
Montana Tractors said it will finalize a joint venture with a small tractor manufacturer from Korea over the course of the coming year, in anticipation of expanding the Montana brand. » Read story.
democrat-gazette press services
(Friday, July 3, 2009)
QUOTE OF THE DAY “This sends a powerful message that even in the bankruptcy courts of the country’s commercial capital there are limits and that rights and due process are not to be sacrificed.” Michael Richman, an attorney for a trio of bondholders opposed to General Motors Corp.’s bankruptcy plan, in arguing that GM should restructure itself through a more traditional Chapter 11 process » Read story.
by stephen bernard and ieva m. augstums
(Friday, July 3, 2009)
A gloomy report on job losses in June sent stocks sharply lower Thursday. » Read story.
By The Arkansas Democrat-Gazette
(Friday, July 3, 2009)
Advanced Environmental Recycling Technologies Inc. on Thursday said that Nasdaq regulators told the company it needed to appeal a June 26 decision by Nasdaq to delist the company if the company wants to remain listed in the immediate future. AERT has failed to overcome its problem with negative stockholders’ equity, Nasdaq said. » Read story.
by bree fowler the associated press
(Thursday, July 2, 2009)
A senior member of President Barack Obama’s auto task force testified Wednesday that the U.S. government will not continue to fund General Motors Corp.’s operations if the automaker doesn’t get approval to sell its assets to a new company within the next 10 days. » Read story.
by tom krisher the associated press
(Thursday, July 2, 2009)
The yearlong drop in auto sales slowed in June, offering hope to automakers that the bottom has been reached and more shoppers may slowly start returning to showrooms. » Read story.
Report shows shrinkage less than expected for June
by tali arbel the associated press
(Thursday, July 2, 2009)
A report on manufacturing activity shows the sector contracted less than expected in June, posting its best showing since last August and another sign that a recovery may be near. » Read story.
Selection of CEO said to be nearing
by stephen bernard the associated press
(Thursday, July 2, 2009)
Mortgage giant Freddie Mac received $6.1 billion in new funds from the Treasury Department to help offset its mounting liabilities, according to a regulatory filing submitted Wednesday. » Read story.
By The Arkansas Democrat-Gazette
(Thursday, July 2, 2009)
A court-appointed trustee unraveling Bernard Madoff’s fraud case has allotted $231 million so far from a securities industry fund that compensates victims — a record amount for the fund, but a fraction of what was lost. » Read story.
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