Arkansas Business: Stocks on the rise for 2 days in a row

LITTLE ROCK, Ark. (Arkansas Business) -- Stocks back on the rise this week, logging a second day of gains.

Shares of home builders rose after the Commerce Department said that applications for building permits reached their highest level in four months.

Elsewhere, shares of Microsoft up 4 percent after Reuters reported that the company will unveil an iPad version of the company's Office software suite soon.

And shares of GameStop sank 3 percent following news that Wal-Mart plans to expand its video game trade-in program to its stores

Million dollar donation in Craighead County

The Judd Hill Foundation yesterday giving $1 million to Arkansas Children's Hospital's Centers for Children facility in Jonesboro.

The center is a collaboration between Children's and the University of Arkansas for Medical Sciences Department of Pediatrics.

It provides specialty health care for families in northeast Arkansas.

The center will use to money to provide more diagnostic services and specialty clinics.

The Judd Hill Foundation was started by Esther Chapin in 1985.

Chapin owned the Judd Hill Plantation in Poinsett County until her death in 1991.

New entrepreneurship program coming

A new entrepreneurship program called the Arkansas Fellowship has been launched to keep and attract entrepreneurial talent to the state.

Warwick Sabin, head of the Arkansas Regional Innovation Hub, will direct the Arkansas Fellowship -- targeted for graduating college seniors looking to engage entrepreneurship after graduation.

Those accepted into the program will be up for paid positions at some of the state's top companies.

The program is backed by Winrock International, the Northwest Arkansas Council and the Little Rock Regional Chamber of Commerce.

Being a fan of Mexican Restaurant Chuy's

If you're a fan of west Little Rock Mexican restaurant Chuy's, you're not alone.

Little Rock financier Warren Stephens is also a fan; so much so that he and various entities related to his businesses have declared ownership of around 1 million shares of Chuy's - that's 6.6 percent of the company's outstanding stock.

Chuy's Holdings Inc. owns 46 full-service Chuy's Mexican restaurants in 13 states, including the one on Chenal Parkway and another in Rogers.

Chuy's, based in Austin, Texas, reported revenue of $204.4 million and profit $11.1 million last year; that profit was double the previous year.

Shares of Chuy's stock closed Tuesday at $39.44.


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