Job fair planned Sunday at LR church
Nearly 60 companies looking to hire workers are among the participants at a job fair Sunday at Saint Mark Baptist Church in Little Rock.
The third annual Power to Get Wealth Job Fair will be held 10 a.m. to 2 p.m. mainly in the church's family life center at 5722 W. 12th St. A resume review room will open at 9 a.m. for those who wish to have their resumes checked.
Shuttles will run every 10 minutes from the church's north parking lot at 10th Street and Fair Park Boulevard and parking lots at the nearby Freeway Medical and University Towers buildings.
Participants include three hospitals, five state agencies, seven city departments, about a dozen school districts, charter schools and higher-education institutions as well as more than 20 private and nonprofit companies.
-- Noel Oman
Cox completes Gigablast for state's NW
SPRINGDALE -- Cox Communications said Thursday that all of its customers in Northwest Arkansas now have access to its Gigablast service, thanks to a $15 million investment in infrastructure.
During a gathering in Springdale at one of the company's complexes, Curt Stamp, vice president and top executive of the company's Arkansas operation, said Cox workers had put the finishing touches on the network a few hours earlier. He said Cox is the first cable company in the state to provide gigabit broadband connections to all its customers in a region.
In the area, Cox offers service to Washington and Benton counties as well as customers in Harrison, Berryville and Eureka Springs. The company declined to say how many customers it serves in Arkansas or elaborate on pricing for the new service.
In Northwest Arkansas, the company first rolled out its Gigablast service in Bentonville in September 2015. Nationwide, Cox plans to spend $10 billion on infrastructure to provide the service to its customers.
Stamp said the service meets customer demand and helps Cox remain competitive. He said the service is the equivalent of 1,000 megabits per second and gives customers the ability to download 100 songs in 3 seconds, 1,000 photos in 16 seconds and a high-definition movie in about a minute.
The speeds are also useful when running multiple Internet-enabled devices in the home. Commonly called the Internet of things, the technology connects appliances such as refrigerators and coffee pots to the Internet, allowing them to receive and share data.
-- John Magsam
30-, 15-year mortgage rates remain flat
WASHINGTON -- U.S. long-term mortgage rates held steady this week for the second-straight week, sticking at their lowest levels in nine months after six weeks of decline.
Mortgage buyer Freddie Mac said Thursday that the average rate on the benchmark 30-year, fixed mortgage was unchanged from last week at 4.45 percent. Rates remain above last year's levels, however. The key 30-year rate averaged 4.15 percent a year ago.
The average this week for 15-year, fixed-rate loans held at 3.88 percent.
The decline in home borrowing rates in recent months has been motivated some prospective buyers.
The easing of rates came during steep declines in the stock market and tumbling interest rates on the 10-year U.S. Treasury note -- which influences long-term mortgage rates. The decline in rates could help boost home sales, which stumbled last year as higher borrowing costs eroded affordability.
To calculate average mortgage rates, Freddie Mac surveys lenders across the country between Monday and Wednesday each week.
The average doesn't include extra fees, known as points, which most borrowers must pay to get the lowest rates.
The average fee on 30-year fixed-rate mortgages was unchanged this week at 0.4 point. The fee on 15-year mortgages also held steady at 0.4 point.
The average rate for five-year adjustable-rate mortgages rose to 3.90 percent from 3.87 percent last week. The fee was stable at 0.3 point.
-- The Associated Press
GM putting $22M in Tennessee plant
General Motors says it plans to invest another $22 million in its Spring Hill, Tenn., manufacturing facility to build more engines.
The company said Thursday that the investment will let the plant build 6.2-liter V8 engines with GM's dynamic fuel management technology, which uses 17 cylinder patterns to optimize performance.
GM also is finishing a $300 million investment at Spring Hill that will bring more than 200 new jobs to produce the new Cadillac XT6.
The facility opened in 1990 and employs about 3,800 people. GM says it has invested more than $2 billion at the complex since 2010.
-- The Associated Press
Apple cuts jobs in driverless-car unit
SAN FRANCISCO -- Apple is reducing the size of its workforce assigned to driverless-car technology as the company reorganizes amid weakening sales of iPhones, its biggest moneymaker.
The company acknowledged the cutbacks in a Thursday statement, without specifying the number of jobs affected. CNBC reported that more than 200 employees were dismissed from Apple's self-driving car division, known internally as "Project Titan."
Some of the employees who lost their jobs in the driverless-car division have been reassigned to other parts of the Cupertino, Calif., company, according to Apple.
Despite the reductions, Apple emphasized that it's still committed to helping build robotic cars, something it has been working on for several years. So far, though, Apple has lagged behind many of the other technology companies and automakers trying to catch up to the still-nascent field's early leader, Waymo, a Google spinoff that began its work on autonomous vehicles a decade ago.
-- The Associated Press
Flour recalled over salmonella worries
MINNEAPOLIS -- General Mills is voluntarily recalling some bags of its Gold Medal Unbleached Flour because of salmonella concerns.
The 5-pound bags have a "better if used by" date of April 20, 2020 and the UPC code 000-16000-19610-0. Customers should discard the product.
The company says it discovered salmonella during sampling of the product, but it has not received "any direct consumer reports of confirmed illnesses."
General Mills says all other types of Gold Medal Flour are not affected.
Salmonella can lead to fever, diarrhea, nausea and abdominal pain.
-- The Associated Press
Business on 01/25/2019
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