Investments Archive

Murphy Oil Subsidiary Sells Alberta Sands to Suncor Energy for $744M

by Kyle Massey 4/28/2016 06:55 am

Murphy Oil Corp. of El Dorado announced Wednesday evening that its Canadian subsidiary has agreed to sell oil sands properties in Alberta to Suncor Energy for about $744 million. CEO Roger Jenkins said the deal will "further place our focus in North America on our unconventional assets" and help the company's balance sheet.

Fed Keeps Key Rate Unchanged; No Hint on Timing of Next Hike

by Associated Press 4/27/2016 03:12 pm

The Federal Reserve kept a key interest rate unchanged Wednesday against the backdrop of a slowdown in U.S. and global growth and provided no hint of when its next rate hike may occur.

Machen, Billings Promoted at Bear State Financial

by Arkansas Business Staff 4/27/2016 03:06 pm

Bear State Financial Inc. of Little Rock, the holding company for Bear State Bank, announced Wednesday that it had promoted James M. Machen and Sherri Billings within the bank.

10 Startups Chosen For FinTech Accelerator Launching May 16

by Sarah Campbell 4/27/2016 01:32 pm

Ten startups have been offered the opportunity to participate in the VC FinTech Acceleration program powered by global technology services provider FIS and hosted by the Venture Center in Little Rock.

No Fed Rate Hike Expected Today, But What About in June?

by Associated Press 4/27/2016 11:36 am

On this, pretty much every economist agrees: The Federal Reserve will keep interest rates unchanged when it ends its latest policy meeting Wednesday.

ArcBest's Robert Young Retires

by Marty Cook 4/26/2016 11:58 am

Robert Young on Tuesday presided over his last shareholders meeting as the chairman of the board of ArcBest Corp. of Fort Smith.

JB Hunt to Create Task Force to Study Anti-Discrimination Proposal

by Marty Cook 4/26/2016 11:19 am

J.B. Hunt Transport Services Inc. of Lowell said it would appoint a task force in response to a shareholders vote on an anti-discrimination proposal April 21.

USA Truck Renames Logistics Business As 'USAT Logistics'

by Arkansas Business Staff 4/26/2016 09:18 am

USA Truck Inc. of Van Buren on Tuesday said it has rebranded and renamed its asset-light logistics business, formerly known as Strategic Capacity Solutions, to USAT Logistics.

Plans for Downtown Little Rock Bowling Alley, Beer Hall Progress

by Jan Cottingham 4/25/2016 12:00 am

A project to transform two adjacent buildings in downtown Little Rock into a bowling alley, bar and beer hall complex has cleared one approval hurdle and faces a couple more but is moving forward, developer Jamie Moses said last week.

Construction Booms in a Growing Northwest Arkansas Market

by Marty Cook 4/25/2016 12:00 am

The costs of building things have gone up in northwest Arkansas, developers say. It's not just that land value has risen, but construction and labor costs have also grown.

Little Rock Tech Park Sees New Tenants at Temporary Location

by Sarah Campbell 4/25/2016 12:00 am

With construction on the Little Rock Technology Park underway at 415 and 417 Main St., it's easy to forget that tenants have been coming and going at the park's temporary space at 107 E. Markham St.

Middle Class, Cash Poor And Desperate (Gwen Moritz Editor's Note)

by Gwen Moritz 4/25/2016 12:00 am

A couple of smart, talented, outwardly successful guys fell into the fatal trap of believing that they deserved a lifestyle they simply couldn't afford.

Amber Nunnelee Promoted at Signature Bank (Movers & Shakers)

by Arkansas Business Staff 4/25/2016 12:00 am

Amber Nunnelee has been promoted to commercial lender for Signature Bank of Arkansas in Fayetteville. She is a graduate of both the Arkansas Bankers Association's consumer and commercial lending schools. Nunnelee has held various positions with Signature Bank since 2006, most recently as a loan coordinator.

JB Hunt Shareholders Approve Anti-Discrimination Proposal

by Marty Cook 4/22/2016 04:27 pm

A majority of shareholders of J.B. Hunt Transport Services Inc. of Lowell votes for an anti-discrimination proposal that the company's board of directors had recommended against.

Bear State Earnings Reach $3.3 Million in 1Q

by Gwen Moritz 4/22/2016 11:26 am

Bear State Financial Inc. of Little Rock, the parent company of Bear State Bank, earned $3.3 million in the first quarter of 2016, up from $2.3 million the first quarter of 2015.

Mike Beebe Joins Board of Home BancShares, Stock to Split in June

by Gwen Moritz 4/22/2016 07:39 am

Former Gov. Mike Beebe has been named to the board of directors of Home BancShares Inc., the publicly traded parent company of Centennial Bank that is headed by his college fraternity brother, Chairman John Allison.

Simmons First 1Q Net Income Up 170 Percent

by Lance Turner 4/21/2016 10:27 am

Simmons First National Corp. of Pine Bluff on Thursday reported first-quarter net income of $23.5 million, up 170 percent from $8.7 million in the same quarter last year.

At Wal-Mart, Doug McMillon's Total Pay Rises to $19.8M

by Mark Friedman 4/21/2016 08:55 am

Wal-Mart Stores Inc. President and CEO C. Douglas McMillon saw his total compensation increase 2.1 percent to $19.8 million for the fiscal year that ended Jan. 31 compared with the previous year.

Makris: Simmons First Looking at Nearby States for Expansion

by Gwen Moritz 4/20/2016 10:31 am

Simmons First National Corp., having moved into Tennessee and expanded its presence in Missouri and Kansas, is now casting eyes on more neighboring states, CEO George Makris Jr. said Tuesday night.

UA Teams Win Donald Reynolds Business Competition

by Arkansas Business Staff 4/20/2016 09:46 am

Drone Surveying Solutions, from the University of Arkansas at Little Rock, won the undergraduate division of the 16th annual Donald W. Reynolds Collegiate Business Plan Competition.