Investments Archive

USA Truck Logs Its Most Profitable Quarter in 8 Years

by Marty Cook 11/3/2014 10:02 am

USA Truck Inc. of Van Buren reported its most profitable quarter in eight years Monday.

ArcBest Corp. 3Q Profit UP 40 Percent

by Marty Cook 11/3/2014 08:46 am

ArcBest Corp. of Fort Smith reported third-quarter income of $19.6 million.

Report: Midwest Economic Index Drops Again

by Associated Press 11/3/2014 08:17 am

A monthly economic survey index for nine Midwestern and Plains has dropped again. Creighton University economist Ernie Goss oversees the survey, and he says sharp declines in grain and crude oil prices drove down the overall index for the month. He says the index figure points to slow economic gains ahead.

The Eason Brothers' 5 Tips for Startup Success

by Mark Carter 11/3/2014 12:00 am

Brothers Brandon and Michael Eason launched Passenger Baggage Xpress, their Little Rock startup, after working at the Clinton National Airport and realizing there had to be a better way to track luggage.

PBX to Launch Baggage Tracking at LIT, XNA

by Mark Carter 11/3/2014 12:00 am

Passenger Baggage Xpress aims to reconnect airline travelers with lost luggage in a fraction of the time it usually takes, and officially “goes to market” at Clinton National and Northwest Arkansas Regional airports.

Little Rock Entrepreneurs Raising Funds — And Profile — With Kickstarter

by Jan Cottingham 11/3/2014 12:00 am

A couple of Arkansas entrepreneurs who recently reached their business funding goals through Kickstarter say the crowdfunding platform may be even better at generating interest — and potential customers — than it is at raising money.

Vitamin Shoppe Attracts $3.7 Million Transaction (Real Deals)

by George Waldon 11/3/2014 12:00 am

Big projects in North Little Rock change hands with an 8,200-SF retail project on McCain Blvd., a big piece of a 276,231-SF Gregory Street warehouse, and the closed Belwood Elementary school.

Household Debt: Delinquency Rate Hits Lowest Point Since '08

by Arkansas Business Staff 11/3/2014 12:00 am

The New York Fed's Quarterly Report on Household Debt and Credit shows that overall household debt in the U.S. fell by $18 billion during the second quarter of 2014 compared with the first quarter. Housing debt stood at $8.62 trillion in the second quarter, while nonhousing debt was $3.02 trillion.

Bank Branch Count in Arkansas Dwindles After Mergers

by Gwen Moritz 11/3/2014 12:00 am

After reaching a peak of 1,513 in mid-2008, Arkansas' branch network had fallen to 1,388 as of this year's summary of deposits, which was released on Sept. 29. A net reduction of 54 branches happened in the 12 months that ended June 30.

Report: Arkansas Home Sales Up 7 Percent in September

by Mark Carter 10/31/2014 10:17 am

Arkansas home sales rose more than 7 percent in September compared to the same month last year, according to a report released Friday by the Arkansas Realtors Association.

US Economy Grew at 3.5 Percent Rate in 3Q

by Associated Press 10/30/2014 09:14 am

The U.S. economy grew at a solid annual rate of 3.5 percent in the July-September quarter, propelled by solid gains in business investment, export sales and the biggest jump in military spending in five years.

Murphy Profit Slips Amid Falling Oil Prices

by Lance Turner 10/30/2014 09:07 am

Murphy Oil Corp. of El Dorado reports a decline in third-quarter profit as oil prices fell amid weaker demand. The company reported quarterly net income of $245.7 million or $1.37 per share, down about 14 percent from $284.8 million or $1.51 per share in the same quarter last year. Results beat analysts' expectations.

ASU's Zhou Receives ASTA Grant for Novel Cancer Research

by Arkansas Business Staff 10/29/2014 12:30 pm

Hong Zhou of Arkansas State University has received an Arkansas Science & Technology Authority grant of $43,374 to fund his research into early detection and prevention of skin cancer.

P.A.M. Transportation 3Q Net Income Doubles to $5M

by Marty Cook 10/29/2014 08:53 am

P.A.M. Transportation Services Inc. of Tontitown reported its second consecutive quarter of record earnings per share Tuesday.

Mountain Pure Has New Owner After Stacks Conviction

by Arkansas Business Staff 10/27/2014 12:00 am

John B. Stacks' rough year continued last week when his Mountain Pure operations were handed over to a new owner after a foreclosure auction on the steps of the Pulaski County Courthouse.

Dominik Mjartan New CEO at for Southern Bancorp Community Partners

by Arkansas Business Staff 10/27/2014 12:00 am

SBCP is a development finance partner organization of Southern Bancorp Inc. As its CEO, Mjartan succeeds Tanya Wright, who will continue with SBCP in an executive role. He will also continue to help manage corporate strategy and other corporate functions for the holding company as executive vice president.

Magnolia Banking Makes Texas Play in $31.8M Deal

by George Waldon 10/27/2014 12:00 am

The holding company of $884 million-asset Farmers Bank & Trust of Magnolia should complete the purchase of First National Bancshares of Hempstead County Inc. of Hope before year's end. First National is the parent company of the $310.3 million-asset 1st Bank of Texarkana, Texas.

Sweet: ‘A Pure Arkansas-Flavored Investment' for Arkansas Teachers Retirement System

by George Waldon 10/27/2014 12:00 am

The Arkansas Teacher Retirement System, the state's largest pension fund, has invested about $73 million in 14,580 acres of cropland since it began building its roster of farm holdings four years ago.

ArcBest Increases Dividend; ABF Freight Raises Rates

by Arkansas Business Staff 10/24/2014 03:46 pm

The board of directors of ArcBest Corp. of Fort Smith says the company is increasing its quarterly cash dividend from 3 cents per share to 6 cents per share.

Turner Grain Collapse Prompts Legislation

by Mark Friedman 10/24/2014 02:00 pm

The Arkansas Agriculture Department is working on legislation to prevent companies like Turner Grain Merchandising Inc. of Brinkley from suffering similar collapses that cost farmers millions of dollars.