Arkansas Business: Stocks stumble in new earnings season

    7:24 AM, Jan 9, 2014   |    comments
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    LITTLE ROCK, Ark. (KTHV) -- Wednesday's declines continuing a sluggish start to the new year for stocks. Markets have been mostly down since the first day of the trading year last week.

    Still, there was some good economic news. payroll processor ADP reported that U.S. businesses added the most jobs in a year in December -- this, thanks to a big gain in construction.

    ADP said companies added 238-thousand jobs in December, up slightly from 229-thousand in the previous month. Meanwhile, November's figures were revised higher.

    Construction added 48-thousand additional workers in December, the most since 2006. Manufacturers added 19-thousand positions.

    We'll know more about the national jobs picture on Friday, when the Labor Department releases the unemployment rate for December.

    Law firm adding office in Jonesboro

    A prominent Little Rock law firm adding an office in Jonesboro. Mitchell Williams Selig Gates & Woodyard says it's opened a new office at 100 East Huntington in the northeast Arkansas city.

    The firm said the new office will offer "general, business-related legal services" and legal advice in a host of other areas.

    Mitchell Williams also has offices in Rogers and Austin, Texas.

    ASU starting osteopathic med school

    Arkansas Business reported that Arkansas State University is starting an osteopathic medical school at its Jonesboro campus. But officials at the Fort Smith Regional Healthcare Foundation are also looking into starting an osteopathic school of their own.

    Fort Smith Regional Healthcare Foundation Chairman Kyle Parker told Arkansas Business that if consultants give the green light, which might be in March or April, the foundation will start making moves to begin the school.

    And if everything goes according to plan, he says a school could be opened in two years.

    Consultants are considering a private, 30,000-SF school that would have about 600 students.

    The foundation already has about $50 million to put toward the project, which also has the backing of the Arkansas Osteopathic Medical Association.

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