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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.

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