Investments

Picasolar Gets New Funding, Works to Scale Innovative Solar Cell
Picasolar CEO Douglas Hutchings displays one of the solar cells his company is developing as part of a federal intitiative.

Picasolar Gets New Funding, Works to Scale Innovative Solar Cell

Fresh off a new round of federal SunShot Initiative funding and a $1.2 million round of equity capital, Fayetteville's Picasolar will spend the next 10 to 12 months scaling its solar cells to meet the industry standard.
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Wal-Mart's Top Merchant Out as Key Holiday Nears

Wal-Mart's chief merchandising officer for its namesake U.S. division has left as the discounter makes leadership changes to perk up sales as the holiday shopping season revs up.
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HP Earnings Miss Estimates, Show Continued Struggle

Hewlett-Packard Co.'s latest earnings report shows that despite three years of efforts to turn its business around, the venerable tech giant still has a lot more work ahead.
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Former American Airlines CEO Tom Horton Joins Wal-Mart Board

The executive who led American Airlines successfully through bankruptcy reorganization but did not remain long after a huge merger with another carrier has joined the board of Wal-Mart.
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No Daily Report, Morning Report or E-newsletters on Thursday, Friday

Arkansas Business will not send the Daily Report, Morning Report or weekly industry e-newsletters on Thursday and Friday in recognition of the Thanksgiving holiday. read more >

Grand Bancorp Reassembles Lending Duo

Grand Bancorp Inc. of Grove, Oklahoma, is moving forward with the $6 million purchase of Decatur State Bank. The transaction will be funded through a $2.75 million stock offering and a $3.2 million loan from Grand Bancorp. When the deal is completed before year's end, the $128 million-asset Benton County bank will rejoin its sister company, Grand Savings Bank in Grove. read more >

Dillard's Declares Quarterly Dividend

Dillard's Inc. of Little Rock announces a cash dividend of 6 cents per share on its Class A and Class B Common Stock. read more >

Warren Stephens' Halifax Media Sells to New York Firm

New Media Investment Group Inc. of New York City has announced plans to purchase Halifax Media, the newspaper chain partially owned by Warren Stephens, for $280 million. read more >

Windstream to Cut 350 Positions, 38 In Arkansas, by December

Windstream Holdings Corp. of Little Rock announced Thursday that the company is cutting 350 positions by Dec. 1, including 38 jobs in Arkansas. The cuts represent about 2.5 percent of the company's workforce of about 13,000. read more >

DRA Investing $3.7M in Delta Projects

The DRA estimates the eight Arkansas investments can help create and retain 1,050 local jobs for local residents. The projects include water and sewer improvements for the Big River Steel project in Osceola. read more >

Dillard's Investor Advises Company to Pursue REIT Spinoff

One of the Little Rock-based Dillard's Inc. investors is advising the company to split into a real-estate investment trust and an operating company. read more >

America's Car-Mart 2Q Earnings Rise Amid Higher Sales

America's Car-Mart Inc. of Bentonville reports second-quarter earnings of $7.5 million, a 29.5 percent increase from the same quarter a year ago. read more >

Tyson CEO Donnie Smith: Hillshire Opens Door to More Growth

Donnie Smith, CEO and president of Tyson Foods Inc. of Springdale, said Wednesday that it's an exciting time to be in the food business, especially as the company moves forward after its $8.55 billion acquisition of Hillshire Brands Inc. of Chicago. read more >

Video: ARK Challenge Concludes Fourth Run in Little Rock

The ARK Challenge startup accelerator last week concluded its fourth installment, and first in Little Rock, with Demo Day presentations of company pitches held inside the Clinton Center's Great Hall. read more >

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