Investments Archive

Knight's Takeover Attempt Behind It, USA Truck Will End 'Poison Pill' Plan

by Marty Cook 4/10/2014 10:53 am

USA Truck of Van Buren says it will end its shareholders rights plan at the end of business Friday. The publicly traded trucking company adopted the plan in November 2012 to protect itself from hostile takeover bids while the company attempted a turnaround.

Jobless Rates Fall in All Arkansas Metros

by Mark Carter 4/9/2014 09:11 am

Unemployment rates dropped year over year in all seven Arkansas metropolitan areas surveyed by the U.S. Bureau of Labor Statistics, according to data released Wednesday.

Nontraditional Benefits, Unusual Perks Growing In Popularity

by Luke Jones 4/7/2014 12:00 am

Increasingly, companies are looking to offer benefits that fall outside the normal range: flexible hours, paid lunches, ice cream on Fridays. These perks might not be mentioned in the company handbook, but they're becoming more important in attracting a new generation of employees and keeping the old ones.

Government, Wal-Mart, Tyson Foods Remain Atop Largest Arkansas Employers List

by Marty Cook 4/7/2014 12:00 am

The names of Arkansas' largest employers remain mostly unchanged from a year ago — and every year. State government is still atop the list with nearly 57,000 employees.

Johnny Kincaid To Leave Whisenhunt

by Arkansas Business Staff 4/7/2014 12:00 am

Johnny Kincaid, chief operating officer at Little Rock's Whisenhunt Investment Group, will be leaving the firm by midyear.

Dillard's 2013 Ad Buys from Stephens Media Companies Slip in Arkansas

by Arkansas Business Staff 4/7/2014 12:00 am

In 2013, Dillard's Inc. of Little Rock spent $3.91 million for advertising to media companies associated with Little Rock investor Warren Stephens.

Mountain Valley Spring Water IPO Plans Go Dry

by Arkansas Business Staff 4/7/2014 12:00 am

Though Mountain Valley Spring Water of Hot Springs was acquired last month, its plans for an initial public stock offering are officially off the table.

US Employers Add 192k Jobs; Rate Stays at 6.7 Percent

by Associated Press 4/4/2014 08:50 am

U.S. employers added jobs at a solid pace in March and hired more in January and February than previously thought. Friday's government report sent a reassuring signal that the economy withstood a harsh winter that had slowed growth.

Officials Want Key Figure Paul Simmons in BioPlex Project Out

by Ted Wagnon 3/31/2014 12:00 am

​A proposed development that was to have catapulted Arkansas into the forefront of high-technology manufacturing is in disarray now, less than two months after its unveiling.

George Gleason II: The Wizard of Ozark Bankshares

by George Waldon 3/31/2014 12:00 am

When a restless George Gleason II turned his energies from securities law at the Rose Law Firm toward banking, he also met the familiar face of success. Working with business veteran Carl Holt and a young staff, he built the Bank of Ozark with 35 employees and total assets of $28 million into today's Ozark Bankshares Inc., with more than 100 employees and assets totaling $150 million.

Sam's Show: The Spectacle of Wal-Mart's 1988 Shareholders' Meeting

by George Waldon 3/31/2014 12:00 am

Standing here in northwest Arkansas amid the appreciative gathering with sky blue “What's Important Is You” banners hanging from the rafters and scoreboard, the messes is clear: God, America, Wal-Mart. Welcome to the pageantry and spectacle of Sam Walton's capitalism rally — the 1988 Wal-Mart Shareholders' Meeting — touted as the largest shareholders' meeting in America, if not the world.

Oily Deals: Pattern Emerging in Questionable Arkoma Gas Transactions

by Wythe Walker Jr. and David F. Kern 3/31/2014 12:00 am

Jerry Jones has always pleaded innocent in the controversial 1982 Arkla-Arkoma gas deal, a deal worth at least $174.8 million when the final numbers were tallied last fall. This January, a ratepayers' class-action suit declared the deal an insider's rip-off for Arkansas gas consumers who got stuck with an $80 million overcharge bill that went straight into Jones' bulging bank account.

Harvey & Bernice Jones Trust ‘Frost' Bitten?

by John Haman 3/31/2014 12:00 am

H.G. “Jack” Frost Jr. was only a part-time employee of the Harvey and Bernice Jones Charitable Trust 1 in his position as trustee, but in fiscal year 1994 his salary tripled, giving him an annual compensation package of more than $350,000 in salary and consultation fees.

International Swindle Guts Old Southwest

by Michael Whiteley 3/31/2014 12:00 am

A sham transfer gutted the reserves of the four-decades-old Old Southwest of Jacksonville and made Arkansas a minor player in a scandal that has broadened to include $350 million in missing insurance assets, ensnared Catholic charities tied to the Vatican and spawned an international manhunt.

Who is Melanie Steele... And Why Is She Buying All This Stuff?

by Gwen Moritz 3/31/2014 12:00 am

Since the beginning of the year, Melanie Steele has paid $1 million for a home in Chenal Valley; $385,000 for a house in Canal Pointe and $92,000 for the lot next door; $357,500 for a house in the Lakewood section of North Little Rock; and $80,000 for a house that she then moved off its lot in Indian Hills. All in cash.

Despite Name, Arkansas Casino Corp. Operator Closely Tied to Texas, Idaho

by Michael Whiteley and Mark Friedman 3/31/2014 12:00 am

As an officer of Arkansas Casino Corp., the Dallas civil trial attorney feared that what happened in 1998 would happen again. That year, the company failed to round up enough signatures to put an initiative before the voters that would allow it to operate six casinos in Arkansas as well as pave the way for a state-run lottery and legalize charitable bingo.

M. David Howell's Debts May Total $60 Million

by Gwen Moritz 3/31/2014 12:00 am

M. David Howell, the former bank CEO in Little Rock and Fayetteville who died in a Beverly Hills hotel on Oct. 23, may have received $60 million or more from investors to whom he promised exorbitant returns, sources have told Arkansas Business.

Andrew Kilgore: Portraits in Black and White

by Arkansas Business Staff 3/31/2014 12:00 am

Beginning with the last issue of 1984 and continuing into 1988, Andrew Kilgore photographed business legends and up-and-comers for the cover of Arkansas Business.

15 Years Later, Shocking Markle Murder-Suicide Case Fades From View

by Gwen Moritz 3/31/2014 12:00 am

But as the 15th anniversary of the deaths of John, Christina, Amy and Suzanne Markle nears, the only lingering attention comes from a handful of conspiracy theorists who insinuate — but never quite allege — that Bill Clinton or Jack and Witt Stephens may have been involved in the annihilation of the prosperous Little Rock family.

John Glasgow to Dillard's: ‘Call Off the Dogs'

by Gwen Moritz 3/31/2014 12:00 am

The relationship between the management of CDI Contractors LLC of Little Rock and half-owner Dillard's Inc. was under tremendous stress in the days before CDI's chief financial officer disappeared on Jan. 28.