Investments Archive

Simmons First to Buy Delta Trust for $66M

by Mark Friedman and Lance Turner 3/24/2014 03:45 pm

Simmons First National Corp. of Pine Bluff is buying privately held Delta Trust & Banking Corp. of Little Rock, the pair announced Monday. Simmons CEO George Makris says the $66 million deal will allow it to expand its Simmons Trust services.

NWA Aims Message At Site Selectors

by Marty Cook 3/24/2014 12:00 am

Northwest Arkansas is aggressively campaigning site selectors for companies outside the region to promote itself as a place for investing and not just a "blank slate." The project comes after a survey of site selectors showed half knew little about the region beyond Wal-Mart and Bentonville.

What Happened to Saline County's Only Radio Station KEWI-AM?

by Luke Jones 3/24/2014 12:00 am

In 2011, Grant Merrill bought KEWI-AM, 690, in Benton: Saline County's only functioning radio station. Before he owned it, the station had run stably for years, but three years after his purchase, it's closed and silent.

Holcombe Heights Visited By $4.3M Owner Change (Real Deals)

by George Waldon 3/24/2014 12:00 am

A 125-unit apartment project in Little Rock's Riverdale area exited foreclosure in a $4.3 million transaction. The future site of the new American Taekwondo Association headquarters in Little Rock tipped the scales at $1.85 million. And a 2,770-SF restaurant project in Little Rock's Hillcrest neighborhood rang up a $455,000 sale.

Women Can — And Men Can, Too (Editorial)

by Arkansas Business Editors 3/24/2014 12:00 am

There may be a few jobs out there in which every man — person — for himself is a winning strategy, but a rising tide generally does lift all boats. All of us should ask: Am I protecting myself to my own detriment? Would I be more successful or happier or richer or less stressed if I shared the opportunity?

Murphy USA Files First Proxy; CEO Andrew Clyde Makes $4.15M

by Luke Jones 3/21/2014 12:15 pm

Murphy USA Inc. of El Dorado files its first proxy statement with the U.S. Securities Exchange Commission, showing CEO Andrew Clyde received $4.15 million in compensation during the company's first year.

Moving to CEO, Roger Jenkins Gets 60 Percent Compensation Boost

by Lance Turner 3/21/2014 11:48 am

Murphy Oil Corp.'s new chief executive received a 60 percent boost in total compensation from 2012 to 2013, according to the publicly traded oil company's annual proxy statement, filed Friday with the U.S. Securities and Exchange Commission.

Fed Clarifies Guidance on Short-Term Interest Rates

by Associated Press 3/19/2014 01:55 pm

The Federal Reserve sought Wednesday to clarify a question that investors have been trying to determine: When it might start to raise short-term interest rates from record lows.

US CEOs' Optimism on Economy Reaches 2-Year High

by Associated Press 3/18/2014 11:11 am

U.S. chief executives have grown more optimistic about economic growth this year, and more of them plan to boost spending and hiring within the next six months.

Simmons First Execs See Compensation Boosts

by George Waldon 3/18/2014 10:59 am

Three of the five top executives at Simmons First National Corp. enjoyed double-digit gains in their compensation packages during 2013.

Mike Beebe Names 36 Appointments to Boards, Commissions

by Arkansas Business Staff 3/17/2014 03:08 pm

Gov. Mike Beebe on Monday announced a judicial appointment as well as 36 appointments to state boards and commissions.

Mack McLarty Receives Rector Award, Designates Donation for Centers for Youth & Families

by Arkansas Business Staff 3/17/2014 12:00 am

Mack McLarty was presented the Rector Award at a Little Rock luncheon Jan. 17 held by Fifty for the Future, a civic organization of business leaders in central Arkansas. Named in memory of the late William Rector, the award comes with a charitable donation of $1,000, which McLarty designated for the Centers for Youth & Families.

Stephens Takes Second Helpings of Chuy's Mexican

by Arkansas Business Staff 3/17/2014 12:00 am

Warren Stephens has expressed confidence in the continuing financial success of Chuy's Holdings Inc., owner of 46 full-service Chuy's Mexican restaurants in 13 states, including an outpost at 16001 Chenal Parkway in Little Rock.

Harry Rosenblum Moves to Wunderlich From Crews & Associates

by Arkansas Business Staff 3/17/2014 12:00 am

Veteran Little Rock bond broker Harry Rosenblum has departed Crews & Associates after almost six years to join the Little Rock office of Memphis-based Wunderlich Securities Inc.

J.B. Hunt CEO John Roberts Paid $4M in 2013

by Marty Cook 3/14/2014 12:28 pm

The general pattern with executive pay at J.B. Hunt last year: salaries stable to slightly higher, smaller cash bonuses but big jumps in the value of stock awards, thanks to the runup in the stock's value.

Arkansas Business Seeking 40 Under 40 Nominations

by Arkansas Business Staff 3/14/2014 08:15 am

The 2014 class of 40 Under 40 honorees will be profiled in the June 23 issue of Arkansas Business. Included in this issue will be a listing of their accomplishments within their businesses, organizations and/or community.

6 Arkansas Banks Lost Money in 2013

by George Waldon 3/11/2014 11:10 am

Six of the 120 lenders based in Arkansas lost money during 2013, according to call reports compiled by BauerFinancial Inc. of Coral Gables, Fla.

Securities Department Goes After Firm That Did Business With Martha Shoffner's Office

by Gwen Moritz 3/11/2014 09:06 am

Robert Keenan, CEO of St. Bernard Financial Services, says the state Securities Department is retaliating for an ethics complaint he filed against Heath Abshure, although he was given notice of the department's plans before he filed the complaint.

Inuvo Improves 4Q, Fiscal 2013 Results

by Lance Turner 3/10/2014 04:26 pm

Inuvo Inc. of Conway narrowed its fourth-quarter net loss and recorded an increase in full-year profit, according to its latest quarterly and fiscal year earnings report, released Monday after market close.

Minimum Wage Proposals Spark Disagreement

by Mark Friedman 3/10/2014 12:00 am

Whether raising the minimum wage — a burning issue in the tourism and hospitality industries — will actually help all the people it's aimed at is a question of deep disagreement, even among experts. There does appear to be, however, consensus on the minimum conditions necessary to have a sustainable economy.