LITTLE ROCK, Ark. (Arkansas Business) -- The market was moving higher before falling off at the bell. Investors rallied after news from the Fed over an extension of a popular bond-purchasing program as well a continuation of low-interest rates.
Meanwhile, shares of Pfizer fell as states including Arkansas announced their share of a settlement with the pharmaceutical company.
Arkansas getting more than $945,000 from Pfizer, settling a dispute over the marketing of its drugs Zyvox and Lyrica.
Elsewhere, south Arkansas getting a boost from a partnership between the federal government and the state.
The Delta Regional Authority says it will invest more than $185,000 in the El Dorado Incubator Environment, to support entrepreneurs in Ashley, Bradley, Chicot, and Union counties.
The DRA, which works with Mississippi Delta counties and parishes to encourage job growth, says the investment will develop student-run businesses, launch retail space, and help new companies grow.
And in Fort Smith, a region hit hard by the departure of manufacturers like Whirlpool earlier this year, leaders have their eyes set on what they hope will be a promising 2013.
Fort Smith Regional Chamber of Commerce COO Tim Allen spoke to attendees at an economic outlook luncheon Wednesday at the University of Arkansas at Fort Smith.
He said the chamber is actively involved with 12 projects, including three companies based internationally, that are interested in moving to the region.
Allen couldn't offer specifics, but said the talks are proof that Fort Smith is due for some positive news soon.
Allen said that while Fort Smith has traditionally been a manufacturing community, it's important for leaders look for businesses that aren't manufacturing-specific.
Trying to lure "white collar, regional headquarters" is among the chamber's goals.