NEWS IN BRIEF

Entergy shareholder

meeting set in LR

New Orleans-based Entergy Corp. will hold its annual shareholders meeting in Little Rock on May 3 at the Peabody Little Rock hotel.

The electric utility, which has about 700,000 customers in Arkansas, normally rotates the site of its annual meeting among the states where it has customers - Arkansas, Louisiana, Mississippi and Texas, said Julie Munsell, a spokesman for Entergy Arkansas.

Entergy stockholders will elect 10 directors, including former U.S. Sen.

Blanche Lincoln, D-Ark., who was first elected to Entergy’s board in 2011.

It will be the first annual meeting over which board Chairman Leo Denault will preside since his election last year. Denault is also chief executive officer. He replaced Wayne Leonard, who retired in February.

The meeting will begin at 10 a.m.

  • David Smith

Real-estate firms partner in Arkansas

Grubb & Ellis/Solomon Partners, which has offices in North Little Rock and Bentonville is joining with commercial real-estate firm Newmark Grubb Knight and will be doing business as Newmark Grubb Arkansas.

Newmark Grubb Knight is a global commercial real-estate advisory firm that employs more than 11,000 people operating from 340 offices. The company’s U.S. headquarters is in New York.

“As a full-service firm, operating across the region with offices deeprooted in the two largest metros in Arkansas, it’s essential we offer clients the smartest solutions to their real estate needs,” said Grubb & Ellis/Solomon Partners’ principal J.

Fletcher Hanson in a release Tuesday.

Newmark Grubb Arkansas has more than 25 employees and agents and manages more than 1 million square feet of office, retail, industrial and mixed use property. A company spokesman said Tuesday that it is likely more agents will be added this year.

  • John Magsam State index climbs 4.31; 13 stocks gain

The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, jumped 4.31 to 267.39 Tuesday.

All but three of the 16 stocks gained ground.

Arkansas Best climbed 6.6 percent in above-average trading.

Deltic Timber rose 6.1 percent after announcing $6.8 million in net income in the first quarter.

Home BancShares was up 3.5 percent and matched a 52-week high of $41.29.

P.A.M. Transportation Services lost 1.9 percent in light 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 23 on 04/24/2013

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