LITTLE ROCK, Ark. (Arkansas Business) -- Stocks end lower after investors got a look at minutes from the most recent Federal Reserve policy setting meeting.

At the meeting, the Fed agreed that the central bank should keep gradually reducing their stimulus program as long as the economy keeps improving.

That stimulus effort has been a big force behind the market's recent record run.

New medical school coming to Fort Smith

More movement is going toward an osteopathic medical school in western Arkansas.

The Fort Chaffee Redevelopment Authority giving 200 acres to a project, led by Fort Smith Regional Healthcare Foundation, that aims to open the school in southeast Fort Smith by fall 2017.

The foundation has approved more than $58 million for the school and has already set a name: the Arkansas College of Osteopathic Medicine.

Arkansas is ranked 48th among states in physicians per capita based on a 2010 study by the University of Arkansas for Medical Sciences.

Supporters of the effort say an osteopathic medical school in Arkansas will address that physician shortage.

Arkansas State University in Jonesboro is also exploring adding an osteopathic medical school there.

Advertising firm names new president

Cranford Johnson Robinson Woods of Little Rock has named Darin Gray as the firm's president.

Gray, the former publisher of the Northwest Arkansas Business Journal is taking on the role effective immediately.

CJRW said Wayne Woods will continue as chairman and CEO, a role he's filled since 2010.

CJRW is the state's largest advertising firm. Among its accounts is the state's tourism account. Other clients include Tyson Foods Inc. of Springdale.

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