Arkansas Business: Companies earnings better than expected

LITTLE ROCK, Ark. (Arkansas Business) -- Companies including Merck, Ameriprise Financial and the diesel engine maker Cummins were among the corporations reporting better-than-expected earnings yesterday. Today, we'll be watching for the latest earnings from Murphy Oil Corp. of El Dorado.

The oil exploration firm will report first-quarter earnings after the market closes today. The report comes after a volatile first quarter for energy stocks and commodity prices.

Looking at individual stocks, it's been a good week so far for shares of department store chain Dillard's Inc. of Little Rock. It's shares hitting all-time highs on Monday and Tuesday.

Yesterday, shares closed at $98.78 per share; more than 442,000 shares changed hands.

The upward trajectory coming a week after Mercato Capital told investors the stock could be worth as much as $155 per share.

Univ. of the Ozarks gets $2M donation

The University of the Ozarks in Clarksville announced a $2 million donation.

Frances E. Wilson of Tulsa, Okla., giving the money in memory of her late husband, Thomas D. Wilson.

The money will benefit the school's Raymond Munger Memorial Chapel.

The Presbyterian-founded university said it will rename the building as the "Munger-Wilson Memorial Chapel" in honor of the Wilson's memory.

'World's Largest Retailer' coming to Cabot

The world's largest retailer is developing a store in Cabot after buying up four piece of land for a total of $1.4 million.

The Wal-Mart Real Estate Business Trust of Bentonville acquired about 5 acres for a neighborhood market store at the northeast corner of Pine Street, that's Highway 89, and Campground Road.

The location was home to four residential properties.

There's no timetable yet for developing the Neighborhood Market. Wal-Mart of course already has a Supercenter in Cabot near the Rockwood Plaza shopping center.


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