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    Arkansas Business headlines for Jan. 24

    7:25 AM, Jan 24, 2013   |    comments
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    LITTLE ROCK, Ark. (Arkansas Business) -- Tech stocks edging the stock market higher Thursday.

    The Dow up 67 to finish at 13-7-79 -- its highest level since Halloween 2007. The Nasdaq up 10 to 31-54. And the S&P up 2 to 14-95.

    Shares of Google and IBM led the charge with earnings reports showing solid earnings in the last quarter, a time when some analysts expected the tech companies to struggle.

    Google stock jumped 6 percent after it reported more online advertising from web retailers during the holiday season.

    Apple also reporting earnings after market close yesterday. The company reporting record profit and revenue and sales for devices like the iPad and iPhone.

    Still, Apple's quarterly profit of $13.1 billion was comparatively flat -- this, as manufacturing costs rose.

    Here in Arkansas, salaries for Razorbacks football assistant coaches have reached a collective $3 million for the first time in program history.

    Salaries for the final two assistant coaches added to Bret Bielema's staff were released on Tuesday.

    Wide receivers coach Michael Smith will earn $275,000 and tight ends coach Barry Lunney Jr. will get $200,000.

    It's an increase of about $400,000 compared to staff salary for 2012. As head coach, Bielema earns $3.2 million per year.

    And in a Jonesboro, a hospital has announced a partnership with an Alabama health care provider.

    St. Bernards Healthcare of Jonesboro and HealthSouth Corp. of Birmingham, Ala., say they have agreed to partner on inpatient rehabilitation services.

    The partnership will take place at the 67-bed HealthSouth Rehabilitation Hospital of Jonesboro. The cost of the equal partnership wasn't disclosed.

    The transaction will require approval from state and federal regulatory agencies.

    And at the Legislature yesterday, the agenda was packed with salaries and guns.

    First, The Legislature approved a budget proposal that keeps the salaries of Arkansas's elected officials unchanged in the coming year. That bill now heads to Gov. Mike Beebe's desk to sign.

    The bill covers the salaries of officials including the governor, attorney general, lawmakers, judges and prosecutors.

    A legislative committee last week decided against providing prosecutors and judges with a 2-percent cost-of-living adjustment.

    And there was action on guns.

    A legislative panel approved a proposal to allow concealed handguns in churches.

    A House committee also endorsed a resolution encouraging government officials to not infringe on gun rights.

    (Source: Arkansas Business)

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