Investments Archive

Tech Park Transactions Surpass $12.6 Million (Real Deals)

by George Waldon 5/23/2016 12:00 am

The acquisition encompassed four office buildings and three parking lots. The biggest deal with Five Main LLC, led by Warren Stephens, was valued at $10.8 million

At Annual Meeting, William Dillard Says Apparel Retailers Face Grim Times

by Mark Friedman 5/21/2016 11:29 am

Dillard's Inc. isn't alone in its poor first quarter results, CEO William Dillard II said Saturday at the annual shareholder's meeting.

Wal-Mart 1Q Results Beat Forecasts, Boost Share Price

by Associated Press 5/19/2016 06:41 am

Surprisingly strong sales at Wal-Mart and an optimistic outlook from the world's largest retailer lifted a pall that settled over the entire sector this week. Sales at U.S. stores open at least a year rose 1 percent, the seventh consecutive quarterly increase. The company's shares jumped 9 percent before the opening bell Thursday.

Simmons First to Buy Citizens National Bank of Athens In Deal Worth $77M

by Lance Turner 5/18/2016 03:35 pm

Simmons First National Corp. of Pine Bluff said Wednesday that it agreed to purchase Citizens National Bank of Athens, Tennessee, in a deal valued at $77 million.

Former Fort Smith Insurance Agent Indicted for Investment Fraud

by Gwen Moritz 5/17/2016 03:33 pm

An indictment unsealed Monday by federal prosecutors in Fort Smith accuses William Jackson Moates Jr. of operating a Ponzi scheme that defrauded more than a dozen clients out of more than $2 million.

10 FinTech Accelerator Startups Named

by Sarah Campbell 5/17/2016 10:32 am

Companies to benefit from 12-week VC FinTech Accelerator powered by global technology provider FIS and hosted by the Venture Center in Little Rock are from all over the map. The program launched Monday.

Developer Brandon Woodrome Accused of $6 Million Loan Fraud

by Arkansas Business Staff 5/16/2016 12:00 am

Rioux Capital of Austin, Texas, charges northwest Arkansas developer Brandon Woodrome with committing fraud.

Krispy Kreme to Go Private in $1.35B Deal

by Associated Press 5/9/2016 10:29 am

Krispy Kreme shareholders got caffeine boost after coffee giant JAB Beech said Monday it is acquiring the doughnut chain.

One-Time Gain Boosts Murphy USA to $86M 1Q Net Income

by Kyle Massey 5/9/2016 09:00 am

Gasoline retailer Murphy USA Inc. of El-Dorado reported first-quarter profits Monday of nearly $86 million, far over its $23 million in income from the same period last year.

FDIC Asks for Over $1.2M in Judgments Against Alex Golden, Amy McCay

by Arkansas Business Staff 5/9/2016 12:00 am

The FDIC has locally registered judgments of nearly $900,000 against Allied Bank president Alex Golden and more than $324,000 against his sister, Amy McCay.

New Bankruptcy Filing Shows Deeper Debts for Phil Herrington

by Arkansas Business Staff 5/9/2016 12:00 am

In the recently released, more detailed filing, Phil Herrington listed debts of $13.45 million and assets of $5.06 million. When he initially filed for Chapter 11 in March, the real estate developer listed his estimated debts at between $1 million and $10 million.

In Fraud By Kevin Lewis, Blame Is On Trial

by Mark Friedman 5/9/2016 12:00 am

In a civil trial scheduled to start next Monday, the Federal Deposit Insurance Corp. will blame regional accounting firm BKD LLC for failing to uncover the massive fraud that led to the 2010 failure of First Southern Bank of Batesville.

Farmers & Merchants CEO Gary Hudson on Being a Delta Force in the Ozarks

by Arkansas Business Staff 5/9/2016 12:00 am

Gary Hudson is the president and CEO of Farmers & Merchants Bank of Stuttgart and a member of the Arkansas State Banking Board.

Inuvo Bumps Up CEO's Pay, Reports 1Q Revenue Increase

by Sarah Campbell 5/5/2016 03:22 pm

Inuvo Inc. CEO and other executive see more total compensation for 2015, according to the company's annual proxy statement. The Little Rock firm also reports 40 percent jump in first-quarter revenue.

Two AERT Executives See Total Compensation Decline

by Lance Turner 5/5/2016 01:58 pm

Two of the three named executive officers at Advanced Environmental Recycling Technologies Inc. of Springdale saw their compensation packages decline from 2014 to 2015, according to the company's most recent proxy.

Windstream Reports $232M 1Q Loss on Impairment Charge

by Sarah Campbell 5/5/2016 10:03 am

Windstream Holdings Inc. of Little Rock reports a first-quarter loss of $232 million, or $2.52 per share, down from a net income of $5 million, or 5 cents per share, in the same quarter last year.

Expenses Drive USA Truck to $1.8M 1Q Loss

by Arkansas Business Staff 5/5/2016 09:48 am

USA Truck Inc. of Van Buren on Thursday reported a first-quarter loss of $1.8 million, a decrease from the $1.6 million profit it reported in the same quarter of 2015.

Phyzit Puts App On Athenahealth Marketplace, Adds Greg Bledsoe As Adviser

by Sarah Campbell 5/2/2016 02:34 pm

Phyzit of Little Rock announced Monday that its transitional care management app will now be available from the online Athenahealth Marketplace.

With Dazzling Gem, Steve Landers Sr. Stays In the Running

by Arkansas Business Staff 5/2/2016 12:00 am

Steve Landers Sr. has participated in horseracing for 15 years and owns 19 racehorses, including Dazzling Gem, a thoroughbred that as of late last week stood at 24th in points in the lineup for the Kentucky Derby on Saturday.

Theories Foam Over Future Plans for Suds Carwash in Fayetteville

by Arkansas Business Staff 5/2/2016 12:00 am

Joshua Brown, co-founder of Haag Brown Commercial Real Estate & Development in Jonesboro, said he can't confirm what his company's plans are for a Fayetteville car wash it bought recently.