Arkansas Business: All stocks up after earnings gains

LITTLE ROCK, Ark. (Arkansas Business) -- Earnings gains from Google, Honeywell and other big companies drove stocks to a higher close, wiping out much of its loss from the day before.

Markets recovered a day after being rattled by the downing of a passenger jet over eastern Ukraine and Israel's launch of a ground offensive into Gaza.

Honeywell International rose 2 percent after reporting that income rose sharply in the latest quarter. Google rose 4 after reporting its results.

And speaking of corporate earnings on tap in Arkansas this week, Deltic Timber of El Dorado, the real estate and timber company, is scheduled to report its latest quarterly results on Wednesday.

Simmons 1st National to purchase another bank

Simmons First National Corp. of Pine Bluff getting close to completing another bank purchase, this one for Delta Trust & Bank of Little Rock.

The $66 million deal was first announced in March. It's set to be complete next month.

Ahead of that completion date, some Delta Trust employees getting notice last week that might not remain with the company post-acquisition.

Simmons CEO George Makris didn't know how many employees received notices -- and he added that not all employees who received would lose their jobs.

He said he wanted to give as much notice as he could to employees who might be laid off. Most of the notices went to office staff and tellers.

Employees who do lose their jobs will receive payment through the end of the year and severance based on their time with Delta.

Maverick USA extending bonuses to drivers

Maverick USA of North Little Rock is now extending performance bonuses to all its drivers without a waiting period.

Maverick's pay for performance bonuses used to kick in after a driver had been on the job several months.

New drivers will now automatically qualify for the bonus, which ranges from 2-4 cents a mile depending on the driver's previous experience.

The bonus pay would raise starting wages for Maverick drivers to between 35-53 cents a mile.

The move follows a 2 cents a mile pay raise across the board for drivers last month.


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