Walmart to donate to wildfire response
Walmart Inc. and the Walmart Foundation will give $500,000 in cash and product donations to organizations responding to the wildfires raging throughout California.
The Bentonville retailer said in a news release Monday that it is working closely with local officials, governmental entities and nonprofits to help identify and meet the needs of those affected.
"As the wildfires continue to spread through California, our hearts go out to each and every person" affected, said Julie Gehrki, Walmart's vice president of programs. "We're proud to support the heroic efforts of first responders, and will continue to help with relief efforts."
The retailer has a long history of providing emergency supplies such as food, water, and home and personal products to help communities prepare for and recover from disasters.
Walmart and the Walmart Foundation, the retailer's charitable arm, have donated more than $60 million to disaster relief since 2005.
-- Serenah McKay
Centennial, Linkvest back Miami project
Conway-based Centennial Bank and Miami-based Linkvest provided a $51.3 million construction loan to Estate Investments Group to build a 306-unit development in two mid-rise buildings, the South Florida Business Journal reported.
Construction has begun on the Soleste Alameda complex at 6290 and 6320 S.W. Eighth St. in west Miami. A retail building and hotel on the site will be demolished, the Journal said. Construction should be completed in early 2020.
Apartments will range from 450 to 900 square feet, with an average rent of $1,600 a month. Amenities will include a swimming pool, fitness studio and a rooftop social activities deck.
The complex will be Estate Investments Group's fifth in West Miami, which is north of more expensive Coral Cables, Fla.
"It's been incredible to see the city grow and thrive at such an incredible pace," Estate Investments Group's principal Robert Suris told the Journal.
-- David Smith
State index off 4.31 to close at 431.27
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, fell 4.31 to 431.27 Monday.
"Wall Street's major indexes slid 2 percent to 3 percent after technology and financial stocks led by shares of Apple and Goldman Sachs Group rolled over and morphed into a broad market sell-off on Monday," said Chris Harkins, managing director with Raymond James & Associates in Little Rock.
Total volume for the index was 21.4 million shares.
The index was developed by Bloomberg News and the Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.
Business on 11/13/2018