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    Arkansas business headlines Nov. 27

    7:26 AM, Nov 27, 2012   |    comments
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    LITTLE ROCK, Ark. (Arkansas Business) -- With time to kill until the fed releases a slate of economic reports later this week, Wall Street focused on the European financial crisis and the fiscal cliff, both major economic threats if not fixed.

    But some good news from the long holiday weekend: The National Retail Federation reporting sales up nine percent over the weekend from last year.

    In all, 247 million shoppers hit retail websites and brick-and-mortar stores, spending an average of $423.

    Here in Arkansas, the University of Arkansas for Medical Sciences said notifying about 1,500 patients of a medical records breach involving a resident physician who was terminated in 2010.

    UAMS said that the former resident "kept some patient lists and notes regarding patients in violation of UAMS policy" after she left. The breach was discovered last month.

    The medical center says the documents cover a six-month span, from January 2010 to June 2010. The data contained names, addresses and diagnosis -- but not social security, bank account, or credit card numbers information, according to UAMS.

    This is the second time this year UAMS has reported a medical records breach. In April, UAMS said records on 7,000 patients were exposed via a web-based email service.

    And a Sun Belt Conference title isn't the only thing on the line Saturday for Arkansas State University footbal Coach Gus Malzahn.

    Malzahn could earn a $50,000 bonus if the Red Wolves beat Middle Tennessee State and win the league championship.

    Malzahn, who makes $850,774 annually, has a number of incentives built into his football contract with ASU, including the payout for a conference title/bowl appearance.

    Should ASU make a postseason bowl and not win the SBC title, Malzahn could still earn an additional $25,000.

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