LITTLE ROCK, Ark. (Arkansas Business) -- Stocks saw some gains on Friday even after a lackluster July jobs report. For the full week, the S&P ended about 1 percent higher after the index broke the 1700 mark for the first time. The Dow ended the week up 0.6 percent.
All this, as the government on Friday reported that 162-thousand jobs were created last month, pushing the unemployment rate down to a 4½-year low of 7.4 percent. Still, the number of jobs added was the lowest since March and below the 183,000 that economists had been expecting.
Buffalo Grill West closes
It was a sad week last week for Buffalo Grill fans. The restaurant's west Little Rock location closed its doors on Wednesday after nearly 25 years in business there. Owner Doug Green cited the economy and an upsurge in new restaurants in west Little Rock.
The restaurant at 400 N. Bowman Road was just three months shy of its 25th year in business. Buffalo Grill's Rebsamen Road location remains open.
U of A gets best crisis management award
The University of Arkansas is getting more recognition for how it handled the firing of football coach Bobby Petrino. The university last week receiving an award for "Best Crisis Management" for PR Daily's 2013 Nonprofit PR Awards.
In giving UA the award, the organization described how Athletic Director Jeff Long worked with university officials on how to disclose the facts of case including details of a motorcycle wreck that revealed Petrino's bad behavior.
It's not the first time Long and the UA have been honored for how they handled the matter.
In April 2012, the Donald W. Reynolds Foundation donated $1.25 million to UA athletics, citing, quote, "courageous leadership" during the Petrino situation.