LITTLE ROCK, Ark. (Arkansas Business) -- The S&P and the Dow again ending at record highs on Thursday. This, after the European Central Bank took steps to boost the region's economy by cutting two key interest rates.
Investors in the U.S. had been awaiting that bank's decision. Investors will also be closing watching the U.S. Labor Department today.
It's scheduled to release its monthly jobs report in less than 45 minutes today. Economists expect U.S. employers to have added 220-thousand jobs in May.
Wal-Mart Inc. holding shareholders meeting
Today's the big day in Fayetteville.
Wal-Mart Stores Inc. of Bentonville holding its annual shareholders meeting at Bud Walton Arena on the campus of the University of Arkansas. The event gets underway at 7 a.m.
Shareholders will vote on three shareholder proposals, and no doubt catch sight of some surprise celebrity visitors.
The event is not without controversy, as some groups plan to protest the retailer during its meeting tomorrow.
Among them, members of Our Wal-Mart, which have criticized Wal-Mart's wages and working conditions.
Nordex sold to TrinityRail maintenance
We now know who purchased the $40 million former Nordex wind turbine manufacturing plant in Jonesboro.
TrinityRail Maintenance Services Inc., part of a publicly traded Dallas railcar services firm, was revealed as the new owner yesterday.
Terms of the deal weren't disclosed.
But the company says it plans to eventually employ 350 people there.
TrinityRail Maintenance provides industrial products and services for barges, railcars and other storage systems.
Meanwhile, the Arkansas Economic Development Commission says Nordex, which announced its closure last year, has repaid $2.5 million in incentive money to the state for not meeting its employment targets.