CNN Money's Maribel Aber has the latest business and financial news for Wednesday, June 11.
NEW YORK, NY (CNN) - CNN Money's Maribel Aber has the latest business and financial news for Wednesday, June 11.
Starting this fall, the University of Arkansas will offer its first start-to-finish online bachelor's degree program. The first degree offered will be a bachelor's degree in business administration from the Sam M. Walton College of Business. Students will have the opportunity to begin the degree as freshman and complete all four years, and 120 credit hours, online. The coursework will follow the traditional pattern of 15-week semesters in the fall and spring, and optional summer classes. Online students will also have the opportunity to take self-paced online courses to accelerate the program.
RadioShack is failing to reboot. The struggling retailer said Tuesday that it plans to shutter 200 more stores, a further sign of the exodus from brick and mortar electronic shops. In March, the company said it would close as many as 1,100 of its more than 4,000 shops, but its lenders limited the closures to just 200 stores. RadioShack (RSH) will focus instead of remodeling some of its existing properties and rebranding.
Memory tests given at Rite Aid Corp. (RAD) drug stores as an early warning for Alzheimer's are drawing fire from doctors who say they don't work well and may cause unwarranted fear among people who don't have the disease. The drugstore chain is making the tests available this month at more than 4,000 sites in partnership with the Alzheimer's Foundation of America, a nonprofit advocacy group. The 5- to 10-minute test of oral and written questions screens for early memory loss, including types tied to Alzheimer's and dementia, according to the foundation.
Get ready for the tomato-mobile. Ford and Heinz are looking at ways to make car parts out of ketchup by-products, the automaker announced Tuesday. Heinz uses more than two million tons of tomatoes every year and produces a lot of waste from the peels, stems and seeds. The by-products are shipped to Ford facilities, where they are processed into small, dry pellets that can be used in manufacturing. One possible application: making wiring brackets or interior compartments -- like cupholders -- out of dried tomato skins, Ford (F) said.