LITTLE ROCK — Windstream to report 3rd-quarter earnings
Little Rock-based Windstream Corp. will hold a conference call Thursday morning to discuss its third-quarter earnings report with analysts.
The conference begins at 7:30 a.m. and can be accessed by calling (877) 374-3977 and entering the conference number 37407974.
The call will also stream live at windstream.com/investors.
A recording of the call will be available from 10:30 a.m. Thursday until midnight on Nov. 15. The recording can be accessed by calling (855) 859-2056 and dialing conference number 37407974, or online at windstream.
com/investors.Also, Bob Gunderman, senior vice president of financialplanning and treasury for Windstream, will speak at 8:20 a.m. on Nov. 14 at the Citi 2012 North American Credit Conference in New York.
A live webcast of the event will be also be available at windstream.
com/investors. It will be archived on the website for 30 days.
- Jessica Seaman
Iberiabank to hire
10 from LR lender
Iberiabank Mortgage Co. expects to hire 10 former lenders with Little Rock-based Cornerstone Mortgage Center, which has closed, the subsidiary of Iberiabank said Tuesday.
Iberiabank Mortgage already has hired Michael Powell, founder and president of Cornerstone since 1999, and six other Cornerstone employees and expects to hire three more, said Chuck Quick, president of Iberiabank Mortgage. Cornerstone had 14 employees, Quick said.
Iberiabank Mortgage did not purchase Cornerstone, he said.
New regulatory and compliance regulations have made it difficult for smaller mortgage lenders such as Cornerstone to remain profitable, Quick said.
Cornerstone had offices in Northwest Arkansas and northeast Arkansas, Quick said. The only Cornerstone location that Iberiabank Mortgage will retain is at 300 S. Shackleford Road in Little Rock, he said.
- David Smith Arkansas Index rises 2.50 in light trading
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, rose 2.50 to 248.91 Tuesday.
“The major averages rose for a second-straight day with the Dow posting its biggest point gain since Sept. 13,” said Bob Williams, senior vice president and managing director of Delta Trust Investments Inc. in Little Rock.
Arkansas Best gained 5.4 percent in active trading.
The index was developed by Bloomberg News and the Arkansas Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.
Business, Pages 33 on 11/07/2012