Investments Archive

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

by Arkansas Business Staff 8/19/2014 11:42 am

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

Southern Bancorp to Buy Mississippi's Smallest Bank

by Gwen Moritz 8/19/2014 11:18 am

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

Public Company Board Service Can Mean Lots of Work and Risk

by Gwen Moritz 8/18/2014 12:00 am

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.

Windstream Spinoff Hits Dividend Even More Than You Think

by Michelle Corbet 8/18/2014 12:00 am

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.

Arkansas Innovation Leaders Meet with US Commerce Official

by Mark Carter 8/15/2014 10:52 am

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.

Dillard's 2Q Profit Down 5 Percent, Same-Store Sales Up 1 Percent

by Lance Turner 8/15/2014 07:40 am

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."

Chamber's New Entrepreneurship Director Poised to Help Startups Grow

by Mark Carter 8/14/2014 11:30 am

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.

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

by Associated Press 8/14/2014 07:26 am

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.

Russellville Financial Adviser David Crain Fined $5,000

by Gwen Moritz 8/11/2014 02:54 pm

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.

Developers Eye Large Mixed-Use Development in Jonesboro

by Lee Hogan 8/11/2014 11:01 am

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.

Arvest Bank Settles With 18 Dennis Smiley Creditors

by George Waldon 8/8/2014 07:58 am

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.

Update: Cliff Beckham to Resign From USA Truck

by Marty Cook 8/7/2014 01:36 pm

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.

Update: Windstream 2Q Net Income Down 65 Percent

by Lance Turner 8/7/2014 07:19 am

Windstream Holdings Corp. of Little Rock reports second-quarter net income of $14 million, or 2 cents per share, down 65 percent from $40 million, or 6 cents per share, the same quarter last year.

Knight Transportation Unloads More USA Truck Shares

by Marty Cook 8/6/2014 08:38 am

Knight Transportation Inc. of Phoenix sold another 142,000 shares of USA Truck this past week according to a filing with the Securities & Exchange Commission.

Nominate Now for Arkansas Business' CFO of the Year Awards

by Arkansas Business Staff 8/5/2014 11:28 am

Arkansas Business is searching for the state's most outstanding chief financial officers for its sixth "CFO of the Year" awards. You can nominate CFOs here.

Acxiom Reports 1Q Loss, Revenue Drops 6 Percent

by Arkansas Business Staff 8/4/2014 03:26 pm

Acxiom Corp. of Little Rock reported a net loss and a 6 percent revenue decline for its first quarter, as the data services firm restructured operations in Europe, saw less money from its IT infrastructure management business and acquired a San Francisco startup called LiveRamp.

Market Disruption Opens New Doors for Bear State Financial

by George Waldon 8/4/2014 12:00 am

The June acquisition of First National Security Co. propelled Bear State Financial Inc. of Harrison into the top tier of Arkansas bank holding companies.

FDIC Still Mopping Up Kevin Lewis' Fraud Mess

by Mark Friedman 8/4/2014 12:00 am

More than two-and-a-half years after former Little Rock attorney Kevin Lewis was sentenced to 10 years in federal prison for bank fraud, the Federal Deposit Insurance Corp. continues to clean up his mess.

Fountains at Chenal Apartments Transaction Approaches $8 Million (Real Deals)

by George Waldon 8/4/2014 12:00 am

A 176-unit apartment complex in west Little Rock tipped the scales at $7.95 million. A 25,585-SF commercial project in North Little Rock is under new ownership after a $2.08 million sale. And a 5,000-SF home in the Germay Court neighborhood of west Little Rock's Chenal Valley development changed hands in a $1.1 million transaction.

Delta Trust Shareholders 3Q Payday Approaching

by Arkansas Business Staff 8/4/2014 12:00 am

The value of the pending acquisition of Little Rock's Delta Trust & Banking Corp. stands at about $67.2 million. That number is based on a recent closing price of $39.65 per share for Simmons First National Corp. of Pine Bluff.