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    Arkansas Business: Dow's longest winning streak in 17 years ends

    6:13 AM, Mar 18, 2013   |    comments
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    LITTLE ROCK, Ark. (Arkansas Business) -- The Dow's 10 straight days of gains came to end on Friday, ending the longest winning streak for the index in 17 years.

    Investors on Friday a little wary about inflation, with the federal government reporting consumer prices rose in February at the fastest pace in more than three years.

    The increase was driven by a spike in gas prices -- the core index, which excludes the volatile energy and food categories, increased more modestly. But both figures rose 2 percent compared with a year earlier

    Looking ahead to this week, all eyes will be on the Federal Reserve, whose interest-rate-setting committee meets mid-week.

    Despite calls from some of the board's more hawkish members to reduce asset purchases, the Fed is expected to continue on its current path of buying bonds and holding interest rates at record lows.

    Elsewhere, former Arkansas Travelers General Manager Pete Laven is back in baseball.

    Laven, who was released from the Travelers in November after 15 season with the minor league baseball team, will be president of Salvi Sports Enterprises of Chicago.

    The company owns two independent minor league baseball teams in the Chicago area.

    And here in Arkansas, Jonesboro's city utility says it's completed $4 million in infrastructure improvements to the Craighead Technology Park as a way to help businesses there and attract new ones.

    The work was partially funded through state and federal grants awarded in 2009.

    The Jonesboro Sun reports that an extension of a rail spur opened 400 more acres. Jonesboro has about 750 undeveloped acres in the park that can be used to bring in new industry.

    Other improvements include work on roads that service two of the city's major employers -- the Nestle foods plant and the Nordex wind energy products plant.

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