Arkansas Business: Bad news in retail keeps stocks down

LITTLE ROCK, Ark. (Arkansas Business) -- Bad news from a major retailer and a credit card company helped drive down stocks and send the Dow Jones industrial average to a loss for the week.

Retailer Amazon and credit card processor Visa both saying that the second half of the year is looking more troubled than originally expected.

The cautious outlook from two companies heavily exposed to consumer spending spooked investors, causing the stock market to fall at the open and remain lower throughout the day.

Tyson foods to release quarterly earnings

Tyson Foods Inc. of Springdale is set to release quarterly earnings before the market opens.

The country's largest meat processor, on Friday, announced it is closing three plants, one each in Iowa, New York and New Mexico, affecting a total of 950 workers to move operations into more cost-efficient plans.

The move comes as Tyson, like other meat companies, faces changing consumer tastes and volatile meat prices.

ASU gets certification for osteopathic school

The Arkansas Higher Education Coordinating Board granted the New York Institute of Technology certification for an additional osteopathic medical school site on the Arkansas State University campus in Jonesboro.

The NYIT is partnering with Arkansas State to establish the school, which would enroll its first students in August 2015. The NYIT's College of Osteopathic Medicine is in Old Westbury, New York, where it has more than 1,100 students.

Arkansas State is aiming to have 115 students in its first class.

Meanwhile, another osteopathic school, this one in Fort Smith, is expected to file for pre-accreditation with the Arkansas Department of Higher Education and the national agency this summer.


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