Associated Press

The Associated Press is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers. AP is neither privately owned nor government-funded; instead, it's a not-for-profit news cooperative owned by its American newspaper and broadcast members.

An electronics recycling company says it will open a processing facility in Forrest City, creating up to 75 jobs.

AMT E-Waste Solutions says it will open an electronics waste processing facility in the former Forrest City Grocery warehouse on Scott Street.

The company says it will give residents a safe method to dispose of electronics, such as televisions, computers and cell phones.

Chief Operating Officer Matt Person says the company will focus on serving eastern Arkansas, western Tennessee and northern Mississippi.

The Little Rock School District has proposed a settlement that would phase out the desegregation money it receives from the state, but Arkansas Attorney General Dustin McDaniel said the offer is a "non-starter."

McDaniel told lawmakers Tuesday that the district had recently made the offer to the state. The proposal was issued as the state is preparing to go to trial over its request to end the desegregation payments Little Rock and two other districts receive.

Mercy Health and Catholic Health Initiatives have signed a non-binding letter of intent to transfer ownership of Mercy Hot Springs hospital and physician clinic to CHI and its affiliate, St. Vincent Health System in Little Rock.

The agreement was signed Friday. The parties plan to complete the transaction by Dec. 31 once final terms are agreed to.

University of Arkansas Fayetteville
flickr.com / Alfred Carrillo

The University of Arkansas says as many as 100 of its employees could be furloughed this week because of the partial federal government shutdown.

Officials say they're working to reduce the number of affected employees. But the school said Monday that it's reviewing all faculty, staff and student employees who are paid fully or partly through federal funds.

Furloughed employees will receive official notice from the university's human resource office.

Americans Eugene Fama, Lars Peter Hansen and Robert Shiller won the Nobel prize for economics on Monday for developing new methods to study trends in asset markets.

The Royal Swedish Academy of Sciences said the three had laid the foundation of the current understanding of asset prices.

While it's hard to predict whether stock or bond prices will go up or down in the short term, it's possible to foresee movements over periods of three years or longer, the academy said.

Pages