Arkansas Business: Stocks stay down at business close yesterday

LITTLE ROCK, Ark. (Arkansas Business) -- Stocks are closing lower as a thin slate of economic news and corporate results left investors unwilling to drive up a market that hit three record highs last week.

Shares of teen retailers American Eagle and Urban Outfitters sank after releasing results and projections that disappointed investors.

Meanwhile, shares of Men's Wearhouse and Jos. A. Bank rose sharply after the two clothing store chains finally agreed to merge after months of back-and-forth negotiations.

Men's Wearhouse rose five percent and Jos. A. Bank rose four percent.

U.S Marshals Museum receiving a $100,000 grant

The U.S. Marshals Museum in Fort Smith announcing that it received a $100,000 grant from Lisenne Rockefeller, wife of the late Lt. Gov. Winthrop Paul Rockefeller, to fund a lecture series in his name.

The museum said the three-year Winthrop Paul Rockefeller Distinguished Lecture Series will welcome leaders from the three branches of the U.S. government to speak about the marshals' history as it relates to each branch.

Winthrop Paul Rockefeller was lieutenant governor from 1996 to until his death from a form of cancer in 2006.

Each lecture in the series will be free and open to the public. Officials will break ground on the $50 million, 20,000-SF museum in September.

Wal-Mart Stores Inc. CFO speaks at conference

Wal-Mart Stores Inc. CFO Charles Holley making remarks at the Bank of America Merill Lynch Consumer and Retail Conference.

Among his comments: that the retailer has seen "very good sales" in recent weeks as the weather has improved.

Holley also said Wal-Mart will continue to expand its footprint using small stores. You'll be able to see a good example of that next week in Bentonville, when Wal-Mart marks the opening of its new convenience center format.

Wal-Mart has been in the middle of same-store sales funk in recent quarters.

The retailer, like others, also saw sales weaken in February amid crippling winter weather across much of the country.


To find out more about Facebook commenting please read the
Conversation Guidelines and FAQs

Leave a Comment