LITTLE ROCK, Ark. (Arkansas Business) -- Stocks saw modest gains on Wall Street Thursday. In all, technology stocks fared far better than the rest of the market with some of that driven by Facebook, whose shares soared 30 percent to $34.36 after reporting earnings late Wednesday.
Those earnings easily beat the forecasts of Wall Street analysts as its mobile ad revenue rose.
Dr. David Lipschitz Leaves Saline Memorial hospital
Here in Arkansas, the Saline Memorial Hospital in Benton says it has laid off Dr. David Lipschitz, the well-known geriatrician who had been working at the hospital since last fall.
Lipschitz said Saline management decided that having a geriatric clinic, called the Healthy Aging Center at Saline Memorial, was just financially unattainable.
Bob Trautman, CEO of Saline Memorial, said the center was facing a significant budgeted loss and had no choice but to close the center.
OSHA proposes fine for Martin Operating Partnership Refinery
The Occupational Safety and Health Administration, or OSHA, is proposing $126,900 in fines for the Martin Operating Partnership refinery in Smackover, in southern Arkansas.
OSHA alleges five safety violations involving the production of crude oil. The most-serious alleges the company didn't ensure relief valves were properly sized.
The refinery is owned by Martin Midstream Partners of Kilgore, Texas. The company said it will likely challenge those findings.
Start of construction on K Lofts in downtown LR
In Little Rock, developers announcing the start of construction on the K Lofts, a 32-apartment project on the vacant upper floors of downtown's 315 Main St. building.
The project, by developer Scott Reed, was first announced two years ago.
Revitalizing the historic building has posed many challenges, which has delayed progress. Only the ground level restaurant space, home to the Cafe Montego, has been developed so far.
The project has been helped by state historic tax credits.
Little Rock named #1 place to live
Little Rock got a big honor this week. The city ranks number one on Kiplinger's Personal Finance list of America's 10 great places to live.
The list is for small to medium size towns. They considered things like job market, home sales, education and scenic beauty.
Other cities on the list include Burlington, Vermont at number two and Bryan-College Station, Texas as number three.