Arkansas Business headlines Dec. 17

    8:15 AM, Dec 17, 2012   |    comments
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    LITTLE ROCK, Ark. (Arkansas Business) -- Lance Turner with Arkansas Business gives you the latest headlines.

    For the full week, the Dow finished down 20 points, or about 0.2 percent. The S&P was down 4 points, or about 0.3 percent. And the Nasdaq down nearly 7 points, ending the week down 0.2 percent.

    Looking ahead this week, the U.S. housing market will be on everyone's mind, as we get several reports about the state of that slowly recovering sector.

    On Tuesday, the homebuilders index will be released, and on Wednesday we'll get the latest on housing starts. And on Thursday, we'll hear the later on existing home sales for the country.

    Here in Arkansas this week, as Arkansas Business has reported, the international organization Club de Madrid will begin its two-day conference at the Clinton Center in Little Rock today.

    The event will expose local business, government and nonprofit leaders to former presidents and prime ministers from around the world.

    The organization is based in Spain with a membership composed of more than 85 former prime ministers and presidents, including former Arkansas governor and U.S. President Bill Clinton.

    About 200 people are expected to attend the conference, which this year is focusing on the economic and political power of women throughout the world.

    Arkansas Children's Hospital in Little Rock last week signing a $28 million contract to buy two helicopters.

    The Sikorsky helicopters will be delivered in April 2014 and will replace ones used by Children's that are about 10 years old -- that's according to hospital COO David Berry.

    The new flying machines will feature twin engines and have medical equipment to deliver intensive care while in the air. They also will hold two patients or a patient and a passenger.

    Berry said the hospital's current helicopters have about 800 hours of service on them per year, which is considered a lot.

    He also said the hospital has saved its money for the purchase and also will use donations to pay for the helicopters.

    (Source: Arkansas Business)

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