LITTLE ROCK, Ark. (KTHV) - Here's a rundown of Friday morning's business stories, courtesy of Lance Turner with Arkansas Business.
Benchmark oil for July delivery gained 81 cents to close at $96.69 a barrel. Meanwhile the average price at the gas pump held steady at $3.63 a gallon, about where it's been for the past week.
Stocks were also driven Thursday by a pair of economic reports - one showing that the number of Americans seeking unemployment benefits fell to 334,000 last week, below what economists had expected; and another showed U.S. retail sales increased 0.6 percent in May from April.
That's the fastest pace since February.
It was a good week for Frontline Athlete Management of Little Rock, which has added to its deep roster of baseball talent.
The firm, started by sports agent Darek Braunecker, advised more first-round picks in this year's Major League Baseball Draft than any other agency, according to sportsagentblog.com.
Braunecker himself represents three of Frontline's five first-round picks, giving him the second-highest total of players in the top 33 picks.
This year, draft picks Nos. 4, 7, 8, 21 and 26 were Frontline clients. And based on last year's contract information, those picks are worth a total of $13 million.
Frontline is already home to pitchers like Arkansas' A.J. Burnett, Cliff Lee, Drew Smyly and Travis Wood.
Braunecker's newest clients include: Kohl Stewart, a pitcher who went to the Minnesota Twins; and Trey Ball, another pitcher who went to the Boston Red Sox.