Arkansas Business: Stock numbers climb back up

    8:27 AM, Nov 14, 2013   |    comments
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    LITTLE ROCK, Ark. (Arkansas Business) -- Stocks back in record territory on optimism from retailers.

    Macy's stock boosts, exceeds expectations

    Stocks getting a boost from retailers after department store chain Macy's reported quarterly profit that beat Wall Street expectations.

    In a conference call with analysts, the company's CFO said that traditional gift categories such as fine jewelry, cashmere and housewares were trending well.

    She also noted positive trends for cold weather items such as coats, boots and sweaters.

    Macy's optimism boosted investors' appetites for other retailers, shares of JC Penney, Nordstrom and Target all rose.

    Shares of department store chain Dillard's Inc. of Little Rock also rose -- ending the day up more than 6 and a half percent to $89.55.

    Dillard's latest quarterly earnings report will be released this morning before the market opens.

    Baptist Health to operate Hot Springs hospital

    Baptist Health of Little Rock announcing Wednesday that it will begin operating the Hot Spring County Medical Center in Malvern on Jan. 1.

    The 72-bed hospital will be renamed Baptist Health Medical Center-Hot Spring County, according to a news release from Baptist Health.

    The hospital began pursuing a partnership in early 2012 because of looming governmental cuts -- that's according to Sheila Williams, the CEO of Hot Spring County Medical Center.

    Williams said that just from Medicare alone the hospital was facing revenue reductions of $12 million during the next decade.

    This is the second expansion announcement for Baptist Health this month. It already unveiled plans to build a 100-bed hospital in Conway that is expected to open in 2016.

    The 200,000-SF Baptist Health Medical Center - Conway will be the west side of Interstate 40, near Exit 129.

    Construction is expected to begin in 2014.

    Wal-mart employees get turkey dinner

    Wal-Mart Stores Inc. is among U.S. retailers who will open even earlier on Thanksgiving Day, further eroding the holiday for folks who absolutely have to get in early on those Black Friday shopping deals. But, there is a silver lining.

    Walmart employees who work the holiday will at least be treated to a traditional feast of turkey, mashed potatoes, rolls and pie.

    Workers who are scheduled for overnight shifts, day shifts and evening shifts on turkey day will receive a Thanksgiving meal provided by the company, according to Kory Lundberg, a Walmart spokesman.

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