Arkansas Business: Stocks rise with small losses and gains

LITTLE ROCK, Ark. (Arkansas Business) -- The stock market ended slightly higher Friday after moving between small losses and gains for most of the day.

Telecom stocks led gains with Verizon Communications up sharply after Warren Buffett's Berkshire Hathaway revealed it had a new investment in the company.

It'll be a week packed with key economic data, particularly for the housing industry.

On Thursday, the National Association of Realtors will release April existing home sales numbers,

And on Friday, the U.S. Census Bureau will report sales of newly built homes.

DirecTV to sell itself to AT&T

And big news in the telecommunications industry on Sunday - that's when DirecTV, the country's largest satellite TV provider, confirmed earlier reports that it would sell itself to AT&T.

The $67 billion deal will allow AT&T to add to its bundle of cellular and broadband services.

This is the second big telecom deal of the year, coming on the heels of Comcast Corp.'s proposed purchase of Time Warner Cable Inc.

Dillard's to hold shareholders' meeting

Dillard's Inc. of Little Rock holding its annual shareholders' meeting on Saturday.

During the meeting, which lasted about five minutes, CEO William Dillard II said the department store chain has paid about $1.7 billion to shareholders over the last five years and that the trend should continue.

Dillard said he thinks the company will be in a position to continue to generate more funds for the business than they'll be able to invest, so they'll return that cash shareholders.

Dillard also touted the company's stock price hitting an all-time high on Friday, closing at $111, up 14.9 percent from Thursday's close.

Dillard's shares were at an all-time low of just $2.78 in November 2008 - almost 6 years ago.


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