Investments Archive

Bankruptcy Judge Considers Allied Bank Auction

by George Waldon 4/13/2015 12:00 am

The continued ownership of Allied Bank by the Lex Golden family is under judicial review after a recent two-day bankruptcy hearing in Fayetteville. U.S. Bankruptcy Judge Ben Barry will decide in the coming weeks whether Acme Holding Co. should be liquidated, resulting in the sale of Allied, the $111 million-asset bank chartered in Crawford County.

Quarterly Business Analysis Luncheon Set for May 8 in Fayetteville

by Arkansas Business Staff 4/9/2015 11:49 am

Kathy Deck, director of the Center for Business and Economic Research, will present her regular Quarterly Business Analysis as a luncheon on Friday, May 8.

Asa Hutchinson Wants More Private Venture Capital in Arkansas

by Mark Carter 4/8/2015 02:51 pm

Gov. Asa Hutchinson on Wednesday said he'd love to see the continued evolution of private venture capital in Arkansas to meet the growth of the state's tech startup ecosystem.

Fed Minutes: Officials Split Widely On Rate Hike Timing

by Associated Press 4/8/2015 01:26 pm

Fed officials disagreed widely last month on when they might begin lifting interest rates from record lows.

Shell's $70B Takeover Could Herald Wave of Mergers

by Associated Press 4/8/2015 11:26 am

Oil and gas company Shell has agreed to buy British rival BG Group for 47 billion pounds ($69.7 billion) in cash and stock, in a deal that may signal a new wave of mega-mergers as the energy industry tries to adapt to lower prices.

Fort Smith Retakes Top Spot in Arkansas Tech Business Index

by Mark Carter 4/7/2015 09:36 am

The index is a comprehensive measure that provides a snapshot of economic activity in Arkansas cities. It encompasses a labor index, housing market index, construction index and retail sales index.

Update: USA Truck CEO John Simone Takes Leave of Absence

by Marty Cook 4/6/2015 03:09 pm

USA Truck Inc. CEO John Simone is taking an indefinite leave of absence because of a recent diagnosis of a "serious medical condition," the Van Buren trucking company said Monday.

Warren Stephens Media Properties Rake Millions of Advertising Dollars from Dillard's

by Arkansas Business Staff 4/6/2015 12:00 am

Dillard's Inc. of Little Rock spent more than $2.35 million on advertising with properties associated with Warren Stephens in fiscal 2014, down from $3.91 million the year before.

Soul of the South Mulls ‘Winding Down'

by Sean Beherec 4/6/2015 12:00 am

The board of directors for Soul of the South — the 2-year-old television network backed by nearly $2 million in state money — considered winding down operations at a board meeting last week, CEO Doug McHenry said.

Waltons Invest In Hospitality Group RopeSwing in Northwest Arkansas

by Jan Cottingham 4/6/2015 12:00 am

Members of the Walton family are among investors in one of two hospitality companies launched recently in Bentonville, businesses whose debuts underscore the surge of the hospitality sector in northwest Arkansas.

Tech Talent Development the Next Phase for Innovate Arkansas

by Mark Carter 4/6/2015 12:00 am

Public and private resources such as the Arkansas Economic Development Commission's Innovate Arkansas program have helped bolster tech-based startups by providing quality and sustained mentorship to assist in business and financial model development, along with guidance in preparing those startups to present their products to investors.

Dillard's Family Members Receive $13.9M in 2014

by Mark Friedman 4/2/2015 05:08 pm

Last year wasn't as lucrative for the eight Dillard family members who work at Dillard's Inc. of Little Rock.

Wal-Mart Seeks Assist From Suppliers to Lower Prices

by Anne D'Innocenzio, The Associated Press 4/1/2015 01:10 pm

Wal-Mart is asking suppliers to cut back on advertising spending in its stores as it seeks lower prices on goods that it sells to its own customers.

Wal-Mart Is Now Calling for a Veto of HB1228

by Lance Turner 3/31/2015 05:53 pm

Wal-Mart Stores Inc. of Bentonville had previously expressed its displeasure with HB1228. But Tuesday afternoon, CEO Doug McMillon called on Gov. Asa Hutchinson to veto the bill.

Acxiom Asks Gov. Hutchinson to Veto HB1228

by Sean Beherec 3/30/2015 04:52 pm

Acxiom Corp. of Little Rock on Monday asked the governor to veto the measure, calling it "discriminatory."

Mark Wallace Named CFO for Windstream REIT

by Sean Beherec 3/30/2015 09:57 am

Windstream Holdings Inc. on Monday said Mark Wallace has been named CFO of Communications Sales & Leasing Inc.

Strong Suit Clothing Company Dressed for Success With Million-Dollar Investment

by Arkansas Business Staff 3/30/2015 12:00 am

Strong Suit Clothing LLC, which was formed a year ago, recently raised $1 million and will soon have its line in Nordstrom. It also plans to start its own e-commerce website that will be headed by the Arkansas online sales guru John James, a founder of Innovate Arkansas client firm Acumen Holdings of Fayetteville.

Return on Equity: Top 14 Performers Dot Arkansas

by George Waldon 3/30/2015 12:00 am

Fourteen lenders based in Arkansas produced returns on equity (ROE) that topped 13 percent during 2014. The banks were scattered across the state and represented some of the largest and smallest financial institutions.

Arkansas Labor Force Rises by 9,000

by Arkansas Business Staff 3/30/2015 12:00 am

As the unemployment rate in Arkansas is falling the size of the labor force is increasing, as these charts by Michael Pakko, the state's economic forecaster, show.

PAM Executives Got Pay Bumps After Profitable 2014

by Marty Cook 3/27/2015 10:33 am

President and CEO Dan Cushman received total compensation of $1.38 million in 2014, according to a proxy statement filed with the SEC. Cushman made $720,034 in 2013. The pay increase came after a year in which PAM posted net income of $13.5 million, an increase of 129 percent from 2013.

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