Banking & Finance Archive

Noting Slower Economy, Fed Appears No Closer to Rate Hike

by Associated Press 4/29/2015 02:35 pm

The Federal Reserve took a gloomier view of the U.S. economy Wednesday after a winter in which growth nearly froze. It offered no sign that a rate increase might be coming soon.

US Economy Ekes Out 0.2 Percent Growth Rate in 1Q

by Associated Press 4/29/2015 07:50 am

The U.S. economy skidded to a near halt in the first three months of the year, battered by a triple whammy of harsh weather, plunging exports and sharp cutbacks in oil and gas drilling.

US Home Prices Accelerated in February as Sales Rise

by Associated Press 4/28/2015 11:44 am

U.S. home prices climbed at a faster pace in February than the previous month, driven by higher sales and a limited supply of available houses.

Details on Burt Reynolds Foreclosure Deposition Still Smokey

by Arkansas Business Staff 4/27/2015 12:00 am

According to records filed in Pulaski County Circuit Court, Gregory T. Young, who works at Young & Associates at 11501 Huron Lane, was deposed earlier this month in a foreclosure lawsuit involving actor Burt Reynolds.

Acme Bankruptcy Proceedings Reveal Kevin Lewis Loss

by Arkansas Business Staff 4/27/2015 12:00 am

A fractious relationship between Hildene Capital Management and Acme Holding Co. was evident in the April 2-3 courtroom interaction between Rex Terry of Fort Smith, Hildene's local counsel, and Lex and Alex Golden of Little Rock.

Eagle Bank's Jeff Lynch Takes Seat on Federal Reserve Council (Movers & Shakers)

by Arkansas Business Staff 4/27/2015 12:00 am

Jeff Lynch, president and CEO of Eagle Bank & Trust in Heber Springs, has been appointed to a three year term on the Community Depository Institutions Advisory Council of the Federal Reserve Bank of St. Louis.

Acme Holding: No Dividends Weigh Heavily

by George Waldon 4/27/2015 12:00 am

Did creditors representing $9.5 million worth of debt convince U.S. Bankruptcy Court Judge Ben Barry that Acme Holding Co. is a lost cause? A ruling in their favor could result in the second auction of an Arkansas bank in three years.

Pediatrics Plus Buy Tops $8.1M Mark (Real Deals)

by George Waldon 4/27/2015 12:00 am

The sale of a 32,518-SF special needs health and education facility in west Little Rock checked in at $8.19 million.

How America's Middle Class Has Shrunk Since 2000

by Arkansas Business Staff 4/27/2015 12:00 am

The struggles of middle-class American families and growing income inequality have risen to the top of the national agenda.

Home BancShares Raises 2Q Cash Dividend

by Arkansas Business Staff 4/23/2015 10:12 am

Home BancShares Inc. of Conway said Thursday that it had increased its second-quarter regular cash dividend by nearly 67 percent.

Simmons First 1Q Net Income Up 97 Percent

by Lance Turner 4/23/2015 10:10 am

Simmons First National Corp. of Pine Bluff on Thursday said first-quarter net income nearly doubled from the same quarter last year.

Arkansas State, Harding Teams Take Top Awards at DWR Governor's Cup

by Mark Carter 4/22/2015 02:54 pm

Teams from Arkansas State University in Jonesboro and Harding University in Searcy took top honors at the 2015 Donald W. Reynolds Governor's Cup collegiate business-plan competition awards.

Arkansas Jobless Rate Unchanged at 5.6 Percent

by Arkansas Business Staff 4/21/2015 09:53 am

The state's unemployment rate was unchanged at 5.6 percent in March, reflecting a revised rate for February. According to DWS, the state's civilian labor force rose by 4,900 from January to February, a result of 5,800 more employed and 900 fewer unemployed Arkansans.

Humor Warms Bench in John Rogers Court Case

by Arkansas Business Staff 4/20/2015 12:00 am

An April 14 hearing that featured a revolving door of attorneys at the podium started with a line lifted from a baseball comedy sketch that debuted more than 75 years ago.

Contractors See Construction Business Pick Up in 2014

by George Waldon 4/20/2015 12:00 am

In general, 2014 was a year of increase among the biggest general contractors in Arkansas. Eighteen out of 32 firms that reported updated revenue figures for the largest commercial contractors list recorded year-over-year gains.

For Fairness (Editorial)

by Arkansas Business Editors 4/20/2015 12:00 am

We support the proposal before the Little Rock Board of Directors that would forbid discrimination against city workers, including discrimination on the basis of sexual orientation and gender identity.

Widespread Growth Seen in Northwest Arkansas

by Charles S. Gascon and Michael A. Varley 4/20/2015 12:00 am

When Sam Walton opened in 1950 the dime store in Bentonville, to say the area was sparsely populated would be an understatement. Today, these environs have grown so much that they comprise their own metropolitan statistical area.

New Owners Reviving Batesville's Melba Movie Theater

by Mark Friedman 4/20/2015 12:00 am

Janelle Shell said the curtain will rise again for the Melba Theater in Batesville. But before the doors open to the historic one-screen theater on the city's Main Street, a long list of repairs has to be made.

McDaniel Promoted at UAMS Communications Office, Epoch Adds to Staff in Conway

by Arkansas Business Staff 4/20/2015 12:00 am

Angi McDaniel has been promoted to associate director of marketing in the University of Arkansas for Medical Sciences Office of Communications & Marketing.

Markham Square Draws $11.1M Transaction (Real Deals)

by George Waldon 4/20/2015 12:00 am

A 125,000-SF retail project in west Little Rock rang up an $11.15 million transaction. A 16,380-SF microfilm facility in North Little Rock tipped the scales at $1.49 million. And a Dollar General Store in east Little Rock weighed in at $1.2 million.