Energy Archive

UA Energy Efficiency Project Yields Better Than Expected Results

by Lee Hogan 4/7/2014 11:28 am

Early results of a University of Arkansas project, Razors EDGE, aimed at improving energy use on the Fayetteville campus has been better than expected. In 2012-13, energy costs saved 24 percent more than expected, or $715,000.

Lawmaker Jane English Helps Spur Workforce Training Reform

by Jan Cottingham 4/7/2014 12:00 am

State Sen. Jane English has no use for the private option, the Medicaid expansion providing health insurance to the poor. But the Republican lawmaker from North Little Rock saw an opportunity and took it, and what began as an old-fashioned political horse trade — you get my vote, I get something for my constituents — appears likely to evolve into a governor-backed legislative package that next year will seek to transform workforce training in Arkansas.

Nontraditional Benefits, Unusual Perks Growing In Popularity

by Luke Jones 4/7/2014 12:00 am

Increasingly, companies are looking to offer benefits that fall outside the normal range: flexible hours, paid lunches, ice cream on Fridays. These perks might not be mentioned in the company handbook, but they're becoming more important in attracting a new generation of employees and keeping the old ones.

Government, Wal-Mart, Tyson Foods Remain Atop Largest Arkansas Employers List

by Marty Cook 4/7/2014 12:00 am

The names of Arkansas' largest employers remain mostly unchanged from a year ago — and every year. State government is still atop the list with nearly 57,000 employees.

Arkansas Sees 2.2% Rise in State Personal Income

by Arkansas Business Staff 4/7/2014 12:00 am

Average state personal income in the U.S. grew 2.6 percent in 2013, a decline from the 4.2 percent of 2012, according to the U.S. Bureau of Economic Analysis.

Murphy Oil Considers Closing UK Refinery

by Luke Jones 4/4/2014 10:52 am

Murphy Oil Corp. of El Dorado has announced that it was "entering into a period of consultation" regarding the future of its crude oil refinery in Milford Haven, Wales, implying that the refinery may cease operation following the failure of Murphy to sell it.

US Employers Add 192k Jobs; Rate Stays at 6.7 Percent

by Associated Press 4/4/2014 08:50 am

U.S. employers added jobs at a solid pace in March and hired more in January and February than previously thought. Friday's government report sent a reassuring signal that the economy withstood a harsh winter that had slowed growth.

Exxon: Highly Unlikely World Limits Fossil Fuels

by Associated Press 4/1/2014 11:46 am

On the same day the world's scientists issued their latest report on climate change and the risks it poses to society, the nation's biggest oil and gas company said the world's climate policies are "highly unlikely" to stop it from selling fossil fuels far into the future.

One Year After Spill, Clinton School Panel Discusses Lessons From ExxonMobil's Pipe Break in Mayflower

by Christina Huynh, The Associated Press 4/1/2014 07:26 am

A year after a major oil spill in a small Arkansas town, a congressman says that while communities believe they are ready for a disaster, there is always something else to do to prepare.

ExxonMobil to Restart Pegasus Pipeline in Texas

by Associated Press 3/31/2014 02:20 pm

The U.S. government says ExxonMobil can restart in Texas a segment of an oil pipeline that ruptured in Arkansas a year ago.

Arkansas' Unemployment Rate at 7.1 Percent in February

by Lance Turner 3/31/2014 09:11 am

The state Department of Workforce Services says Arkansas' unemployment rate dropped two-tenths of a percentage point from 7.3 percent in January to 7.1 percent in February.

Flashbacks of Arkansas Business' First 30 Years (Editor's Note)

by Gwen Moritz 3/31/2014 12:00 am

To celebrate Arkansas Business' 30th anniversary, the staff decided to pull out and reprint some of the stories that we felt were the most important, the most interesting and the most fun. Arkansas Business is still reporting on the state economic scene with business executives as its readership, sticking to its mission of providing the revealing, memorable and important business news available in Arkansas.

Officials Want Key Figure Paul Simmons in BioPlex Project Out

by Ted Wagnon 3/31/2014 12:00 am

​A proposed development that was to have catapulted Arkansas into the forefront of high-technology manufacturing is in disarray now, less than two months after its unveiling.

Despite Name, Arkansas Casino Corp. Operator Closely Tied to Texas, Idaho

by Michael Whiteley and Mark Friedman 3/31/2014 12:00 am

As an officer of Arkansas Casino Corp., the Dallas civil trial attorney feared that what happened in 1998 would happen again. That year, the company failed to round up enough signatures to put an initiative before the voters that would allow it to operate six casinos in Arkansas as well as pave the way for a state-run lottery and legalize charitable bingo.

Andrew Kilgore: Portraits in Black and White

by Arkansas Business Staff 3/31/2014 12:00 am

Beginning with the last issue of 1984 and continuing into 1988, Andrew Kilgore photographed business legends and up-and-comers for the cover of Arkansas Business.

Jonathan Brawner, Mastermind of One Failed Kidnapping, Claims He Hid John Glasgow's Body

by Gwen Moritz 3/31/2014 12:00 am

Jon Brawner masterminded the early morning kidnapping of a businessman with the intention of forcing him to transfer money from his company to offshore accounts. But things went wrong — fatally so. This is not the story of John Glasgow, although Brawner now claims to have helped bury the body of the construction executive who vanished four years ago after leaving his Little Rock home before dawn.

Former Theater Owner Tony Rand, Five Sons Guilty of $110 Million in Scams

by George Waldon 3/31/2014 12:00 am

A nearly seven-year stretch in prison apparently served only to inspire a vastly larger interstate scheme from Texas. This gambit involved Tony Rand, now 70, and his five sons swindling hundreds of oil and gas investors of more than $110 million. Some suspect their schemes at times resembled a plot line in a zany 1968 movie “The Producers.”

Women Can — And Men Can, Too (Editorial)

by Arkansas Business Editors 3/24/2014 12:00 am

There may be a few jobs out there in which every man — person — for himself is a winning strategy, but a rising tide generally does lift all boats. All of us should ask: Am I protecting myself to my own detriment? Would I be more successful or happier or richer or less stressed if I shared the opportunity?

Veto Puts Focus on Special Language (Andrew DeMillo Analysis)

by Andrew DeMillo, The Associated Press 3/23/2014 08:01 am

Gov. Mike Beebe's veto of a tax exemption for natural gas drillers puts a new spin on an old problem. Lawmakers no longer just have to wonder whether special language they're adding to a budget bill amounts to a major policy change. Now they have to question whether they're turning fiscal sessions into full-fledged regular sessions.

Murphy USA Files First Proxy; CEO Andrew Clyde Makes $4.15M

by Luke Jones 3/21/2014 12:15 pm

Murphy USA Inc. of El Dorado files its first proxy statement with the U.S. Securities Exchange Commission, showing CEO Andrew Clyde received $4.15 million in compensation during the company's first year.