LITTLE ROCK, Ark. (Arkansas Business) -- Minutes from the Federal Reserve's last policy meeting shedding more light on how Fed policymakers are viewing the state of economy.
The report showed that the Fed wants to be absolutely certain the U.S. economy has recovered before starting to raise interest rates.
Low interest rates have been great for stocks, so that report led to a broad rebound.
Rockline Industries acquires new facility
Rockline Industries announced that it has acquired a 240,000 SF facility on 30 acres in Russellville.
Rockline makes consumer products including baby wipes, coffee and baking cups. It operates a pair of wet wipe manufacturing plants in Springdale and Booneville.
It added the Booneville plant in 2007.
The company said the Russellville acquisition would help meet the demand for its private label products.
Springdale company agrees to fines for fire
Advanced Environmental Recycling Technologies Inc. of Springdale, a publicly traded firm that makes decking products, has agreed to pay fines of $44,000 for violations related to a fire that killed one of its workers at its Springdale plant in July.
The fire took place on July 17.
An investigation completed in January by OSHA cited AERT for failure to provide a workplace free of fire hazards and failure to monitor if fire hazards were present.
There was also a repeat violation for was having equipment or wiring in hazardous locations.
UofA wins 8 awards at Governor's Cup
Teams from the University of Arkansas won eight of the 10 awards presented yesterday at the 2014 Donald W. Reynolds Governor's Cup collegiate business plan competition.
Billed as the "state championship" for student business plans, the event took place during at a Statehouse Convention Center luncheon that included Gov. Mike Beebe.
Teams from the UA won the top three places in the competition's graduate division.
UA teams also won both the graduate and undergraduate pitch awards -- and the graduate and undergraduate innovation awards.
Teams from John Brown University of Siloam Springs took first and third places in the overall undergrad category.
Overall first-place finishers took home a cash prize of $25,000. Second-place finishers won $15,000 and third place recipients won $10,000.
The total prize pool for winners was $154,000.
The top two teams in both divisions will compete in the Tri-State Governor's Cup competition held in Las Vegas.
The event pits top winners from Arkansas against winners at similar competitions in Oklahoma and Nevada.