Investments

Southern Bancorp Community Partners Raises $2.5M to Expand Loans
Darrin Williams

Southern Bancorp Community Partners Raises $2.5M to Expand Loans

Southern Bancorp Community Partners has raised $2.5 million toward a $5 million goal to expand its revolving loan fund for underserved communities in Arkansas and Mississippi.
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Cree Rebrands Division That Includes Fayetteville as Wolfspeed

Semiconductor manufacturer Cree Inc. has rebranded its power and radio frequency division, which includes the former Arkansas Power Electronics International of Fayetteville, as Wolfspeed, the publicly traded company announced.
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VentureBeat: Fayetteville's Qbox Raises $2.4M

Qbox is a cloud-based, search database for businesses. Formerly known as StackSearch, it won the ARK Challenge accelerator in 2012. The funding round was led by Vulcan Ventures and other funds based in Silicon Valley.
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Dow Drops 335 Points on Bleak Chinese Manufacturing Report

More signs of weakness in China's economy are sending stocks and the price of oil sharply lower.
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Startup Junkie's 2.7.0 Accelerator Launches with 11 Firms

Promoting startups owned by women, minorities and military veterans is the aim of the 2.7.0 accelerator from Fayetteville's Startup Junkie that began its 14-week run on Tuesday. read more >

USA Truck Executive Leaves Company to Stay in Dallas

Jeffrey Lester, an executive vice president with USA Truck Inc., resigned Aug. 24, after CEO Tom Glaser asked him to work from the company's headquarters in Van Buren on a daily basis. read more >

Park Avenue Lofts Sells In $36M Transaction (Real Deals)

ER Park Avenue Apartments LLC, an affiliate of Equity Resources LLC of Birmingham, Alabama, purchased Park Avenue Lofts at 320 S. University Ave. The development previously was linked with a February 2012 mortgage of $21.6 million held by Arvest Bank of Fayetteville. read more >

‘Living Beyond His Means' Catches Up With Dennis Smiley Jr.

Henry Dennis Smiley Jr. — the Jr. matters in this case — pleaded guilty Tuesday to a single count of bank fraud. But the plea agreement identifies 23 banks as his victims, and that doesn't include Arvest Bank, which had trusted him to be president of its Benton County market. read more >

John James Looks to Make New Mark With Hayseed

Hayseed, which moved into the Old Post Office building on the downtown Fayetteville square, hopes to raise $6 million to help the next generation of Acumens. James said Hayseed has already partnered with four startups and is consulting a fifth. read more >

Little Rock's Original Fern Bar: How Buster's Birthed Dave & Buster's

Next summer, Dave & Buster's, based in Dallas and co-founded by Corley and Corriveau in 1982, will be opening a location in Little Rock, its first in Arkansas. D&B now has almost 11,000 employees and 73 stores, including one in New York's Times Square. The Arkansas arrival comes 33 years after its founders opened Buster's in Little Rock's Union Station. read more >

Eat. Drink. Play: A Timeline of Dave & Buster's

A look at 41 years in the life of one of America's most successful restaurant and game parlors. read more >

Jeannette Balleza Collins on the Agility of Arkansas Startups

Jeannette Balleza Collins is a freelance strategic consultant with Scribe Marketing, which she founded in 2004, as well as the manager of the Tonic NWA Fund, an angel investment fund she co-founded. read more >

Grain Mostly Higher, Livestock Mixed

Grain futures were mostly higher in early trading Thursday on the Chicago Board of Trade. read more >

US Stocks Give Up Early Gains after Opening Surge

U.S. stocks are have surrendered some of their early surge at midday Wednesday after slumping for six straight days amid concern that growth in China was slowing more quickly than previously thought. read more >

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