Investments

Windstream Spinoff Hits Dividend Even More Than You Think
Jeff Gardner

Windstream Spinoff Hits Dividend Even More Than You Think

On July 29, Windstream Holdings Inc. sent shock waves through Wall Street when it announced it would spin off most of its physical assets — mostly copper wires and fiber-optic cables — into a separate, publicly traded real estate investment trust.
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Dillard's 2Q Profit Down 5 Percent, Same-Store Sales Up 1 Percent

Dillard's Inc. of Little Rock posted a 5 percent drop in second-quarter earnings, but same-store sales rose 1 percent. CEO William T. Dillard II says executives are "somewhat disappointed in the bottom line performance."
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Chamber's New Entrepreneurship Director Poised to Help Startups Grow

Jordan Carlisle's new gig with the Little Rock Regional Chamber of Commerce wasn't much of a stretch. After all, he already was working with the Arkansas Venture Center out of space donated by the Chamber, and the new duties mirror his agenda as a local startup champion.
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Developers Eye Large Mixed-Use Development in Jonesboro

Developers hope to move a step closer to redeveloping a 200-acre plot of land at the intersection of U.S. 49 and Arkansas 351 after Tuesday's Jonesboro Metropolitan Area Planning Commission meeting.
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Car-Mart Net Revenue Up Slightly While Net Income Slips

The company said diluted earnings per share were 79 cents, the same as a year ago but more than the average analyst estimate of 62 cents. read more >

Windstream Holdings COO Brent Whittington to Resign

Windstream Holdings Corp. of Little Rock said Tuesday that Brent Whittington, its chief operating officer, is resigning effective Sept. 1. read more >

Last Chance to Nominate Candidates for Arkansas Business' 20 in Their 20s List

Nominations are being accepted for the list of the state's most influential young professionals, "The New Influentials: 20 in Their 20s." read more >

Southern Bancorp to Buy Mississippi's Smallest Bank

Southern Bancorp Inc. of Arkadelphia announced Tuesday a plan to buy the smallest bank in Mississippi, the Bank of Bolivar County. read more >

Public Company Board Service Can Mean Lots of Work and Risk

This week we list all directors of 19 publicly traded companies headquartered in Arkansas and the compensation they received for service on the boards in the most recent fiscal year. It's work that's “a whole lot harder” than it used to be. read more >

Arkansas Innovation Leaders Meet with US Commerce Official

A "who's who" of Arkansas business and innovation leaders joined Delta Regional Authority co-chair and Arkansas native Chris Masingill and U.S. Assistant Secretary of Commerce for Economic Development Jay Williams on Friday for a discussion on entrepreneurship and its role in economic development. read more >

Wal-Mart Cuts Profit Outlook Amid Sluggish Sales, Less Traffic

Wal-Mart Stores Inc. cut its annual profit outlook on Thursday as the world's largest retailer faced another quarter of sluggish sales and traffic declines. read more >

Russellville Financial Adviser David Crain Fined $5,000

W. David Crain, a former representative of St. Bernard Financial Services of Russellville, has agreed to a $5,000 fine and more than $4,100 in restitution for his handling of a widow's account. read more >

Arvest Bank Settles With 18 Dennis Smiley Creditors

Arvest Bank of Fayetteville has settled with 18 of 20 creditors who loaned money to one of its former executives, Dennis Smiley Jr. Only First State Bank of De Queen, where Smiley's namesake father is chairman, and Signature Bank of Arkansas in Fayetteville remain as possible claimants seeking money from Smiley's Arvest Bank Group stock purchase and stock option plans. read more >

Update: Cliff Beckham to Resign From USA Truck

USA Truck Inc. of Van Buren says Clifton R. Beckham, the company's former CEO and now its executive vice president and CFO, will resign effective Sept. 30, part of a planned transition that began when Beckham helped hire the trucking firm's chief executive John Simone. read more >

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