LITTLE ROCK, Ark. (Arkansas Business) -- Investors are taking their cues from a heavy dose of earnings this week.
Among the movers yesterday was Proctor & Gamble, the maker of Tide detergent and Gillette razors. Shares of that company dropped 5.1 percent to $77.12.
This, after its profit forecast came in below what financial analysts were expecting. The company reported uneven demand for its new products.
And shares of AT&T down 5.2 percent to $37.04 after it lost phone subscribers from its contract-based plans in its latest quarter.
It's a sign that industry growth is slowing now that most American have smartphones.
Texarkana city manager cleared of ethics allegations
Here in Arkansas, former Texarkana city manager Harold Boldt has been cleared of allegations that he violated state ethics law.
Arkansas Business reported in March that Harold Boldt left his job as city manager as part of an agreement with the city's board of directors.
The Arkansas Ethics Commission began an investigation after a Texarkana resident filed a complaint regarding Boldt's involvement in a planned convention center, hotel and water park.
The commission found that Boldt had no "personal or financial relationship" with the developer, which would have been a conflict of interest.
Entergy Corp. holding annual shareholders meeting in Little Rock
Also yesterday, Entergy Corp. of New Orleans saying it will hold its annual shareholders meeting on May 3 at The Peabody Hotel in Little Rock.
Entergy Corp. is the parent company of Entergy Arkansas Inc. and other regional southern utility companies.
Entergy Arkansas is also marking its 100th anniversary this year.
Part of that celebration involves illuminating three of the bridges crossing the Arkansas River between Little Rock and North Little Rock with multicolored LEDs.
And finally, a big milestone for the state's housing industry.