NEWS IN BRIEF

Dealership owner sued over titles

A Greenbrier auto dealership was sued Thursday by Arkansas Attorney General Dustin McDaniel in Pulaski County Circuit Court.

Carco of Arkansas Inc.

and J. Eric Turner, the dealership’s owner, have sold vehicles to customers without providing titles for them, according to a news release from McDaniel.

A salesman for Carco said he had not heard about the lawsuit and no one was at the dealership Thursday who could comment. Turner could not be reached for comment.

McDaniel has asked for an injunction to prohibit Carco from continuing business.

  • Jessica Seaman

State’s economy focus of forum

The immediate and long-term issues facing the economy in the state and Northwest Arkansas region will be discussed June 5 at the Quarterly Business Analysis Luncheon.

Kathy Deck, director of the Center for Business and Economic Research at the University of Arkansas at Fayetteville, will discuss business highlights from the previous quarter, key economic trends and projections.

“The data from late 2012 and early 2013 have been quite strong for Northwest Arkansas, so this is a good opportunity to consider the prospects for the rest of the year,” Deck said in a release.

The program lasts about an hour and begins at 11 a.m. at the Shewmaker Center for Workforce Technologies on the Northwest Arkansas Community College campus at 1100 S.E. Eagle Way in Bentonville. The cost of the program and lunch is $40. Preregistration by June 3 is required and online reservations can be made at cber.uark.edu or by calling (479) 575-4151.

The luncheon is a partnership between the Center for Business and Economic Research in the Sam M.

Walton College of Business at UA and the Northwest Arkansas Chambers of Commerce.

  • John Magsam

State index gains; 13 stocks climb

The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, rose 2.90 to close at 266.14 Thursday.

“U.S. stocks rebounded from Wednesday’s sell off after weekly jobless claims came in better than expected,” said John Blackwell, senior vice president and managing director of equity trading at Stephens Inc. in Little Rock. “The Arkansas Index moved higher as 13 stocks advanced, two stocks declined, one stock remained unchanged.”

Acxiom Corp. rose almost 3 percent to finish at $19.84, just shy of its 52-week high of $20.46.

Murphy Oil Corp. shares fell 17 cents to close at $60.63.

Windstream Corp. shares dropped 1.3 percent to close at $8.38.

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 29 on 05/03/2013

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