Arkansas Business: Stocks end high Monday despite Ukraine crisis

LITTLE ROCK, Ark. (Arkansas Business) -- Stocks rebounding on Monday after no violence in Ukraine following a key weekend vote over the fate of Crimea.

Investors have been wary of the developing situation in the Ukraine, where part of the country voted over the weekend to break away and become part of Russia.

Here in the US, some positive economic news also helped boost stocks.One report showed industrial output rose in February, up 0.8 percent, and better than the 0.1 percent economists expected.

Arkansas unemployment rate falls

Arkansas' unemployment rate fell one-tenth of a percentage point from December to 7.3 percent in January, according to the state Department of Workforce Services.

The report said Arkansas' civilian labor force rose by a net 700.

The U.S. jobless rate also declined one-tenth of a percentage point during the same period -- falling from 6.7 percent in December to 6.6 percent in January.

Newk's Eatery to open new location

Newk's Eatery plans to open a second central Arkansas location, this one in the Park Avenue development -- the site of the old University Mall in Little Rock.

The restaurant, which will offer indoor and outdoor seating for up to 160, is scheduled to open in mid-April, according to a news release from the chain, based in Jackson, Miss.

The restaurant will be company owned and employ 70 workers. It's looking to fill a variety of positions, including management, culinary staff and guest services.

Newk's was started by the founders of McAlister's Deli.

Its North Little Rock location had $1.4 million in sales in 2013, making it the 33rd highest-grossing restaurant in the city last year.


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