Arkansas Business: Jobs report affect Wall Street

LITTLE ROCK, Ark. (KTHV) -- Not even an upbeat jobs report could keep stocks in positive territory on Friday.

Stocks rose early after the government reported that U.S. employers hired at the fastest pace in two years last month.

But the market slumped in late morning trading on news of downed helicopters and killed fighters in eastern Ukraine.

All three major U.S. stock indexes wavered between gains and losses for most of the day.

Busy week for earnings in Arkansas

Speaking of public companies, it's another busy week for earnings here in Arkansas.

This morning, we'll get the latest quarterly earnings from Tyson Foods Inc. of Springdale, the country's largest meeting processor.

And on Wednesday, Windstream Holdings Inc. of Little Rock will hold its annual shareholders meeting at the Capital Hotel.

The telecommunications firm will also report quarterly earnings on Thursday.

Expansion for P.A.M. Transportation

Expansion is on the horizon for a P.A.M. Transportation facility in North Little Rock.

Allen West, the publicly traded trucking company's chief financial officer, told Arkansas Business that its property at 1401 McNeil Drive is basically a mechanics shop and a waiting room, but that P.A.M wants to add amenities to make it more driver-friendly.

The northwest Arkansas firm expects to invest between $500,000 and $1 million in the renovated facility.

Plans include a shower facility, a laundry room, a recreational room and a computer room.

West said the company will hire additional staff for the facility but couldn't predict how many. P.A.M. wants the improved facility operational by the summer.

College education expenses increase

Out-of-pocket expenses for a college education have increased in the last 15 years at all but for-profit institutions.

That's according to a recent report from the U.S. Department of Education.

The department defines out-of-pocket net price as the immediate dollar amount that students and families must pay to attend college after subtracting grants, loans, work-study and all other student aid from students' total costs.

Students in private nonprofit four-year colleges paid the highest out-of-pocket net price in all years except 2007-08.

That's when out-of-pocket net price was highest for students in for-profit institutions.


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