LITTLE ROCK, Ark. (Arkansas Business) -- Stocks down on Friday, pushing the market to a weekly loss, as investors assessed the latest round of company earnings.
Express Scripts, the largest U.S. pharmacy benefits manager, fell after its fourth-quarter earnings slipped, hurt by the loss of UnitedHealth, a large customer.
Groupon shares fell after the online deals company said it expects to post a loss this quarter and issued a weak outlook for the year.
Windstream Holdings Inc. Cuts Jobs
Last week ended on some bad jobs news. Windstream Holdings Inc. of Little Rock announced it is cutting 400 employees companywide by March 3.
The publicly traded telecommunications firm will report quarterly earnings on Thursday.
The move affects 67 positions in Arkansas, including 36 in Little Rock. In all, Windstream has 13,500 employees, including about 1,300 in Arkansas.
Windstream said the cuts are necessary to "increase operational efficiency." In Batesville, Zila Inc., of Fort Collins, Colo., announced it would close its Batesville plant within 60 days, leaving 78 people out of work.
The company is moving production of its dental scalers to another U.S.-based company.
That plant has been in Batesville since 1980.
Dassault Falcon Jets Hangar at Clinton Airport
Dassault Falcon Jet has scheduled an April groundbreaking for its new hangar at Clinton National Airport.
The new hangar will add 250,000 SF to Dassault Falcon's completion center, which is currently just less than 1 million SF.
Dassault Falcon announced in May its plans for a three-year $60 million expansion to make room for the company's new 5X jet.
Officials said the facility should be complete in plenty of time for the start of production of the 5X, which is scheduled to begin in 2016.
Dassault Falcon reported it employs 1,750 workers, and an official said the new jet would bring in an unspecified number of jobs.