Investments Archive

ArcBest Reports 2Q Profit of $15.7M

by Arkansas Business Staff 7/28/2017 10:39 am

ArcBest Corp. of Fort Smith reports second-quarter profit of $15.7 million, or 60 cents per diluted share, an increase from the $10.2 million profit, or 39 cents per diluted share, in the same quarter a year ago.

Judge Dismisses Tyson Shareholders Lawsuit

by Mark Friedman 7/28/2017 10:27 am

A U.S. District Court judge in Arkansas dismisses a shareholders lawsuit against Tyson Foods Inc. that sprang from allegations of a massive price-fixing conspiracy involving the Springdale meat producer and other companies.

FIS Partners With Two Startups; 2nd FinTech Accelerator Ends

by Sarah Campbell-Miller 7/27/2017 11:27 am

Global technology provider FIS partners with two startups that graduated from last year's inaugural VC FinTech Accelerator.

Bear State 2Q Earnings Up 49 Percent

by Arkansas Business Staff 7/27/2017 09:34 am

Bear State Financial Inc. of Little Rock reports second-quarter earnings of $6.7 million, up about 49 percent from the same quarter last year.

Fed Will Likely Focus on Low Inflation But Leave Rates Alone

by Associated Press 7/24/2017 10:34 am

The Federal Reserve has already achieved one of its two mandates: With the unemployment rate at just 4.4 percent, the Fed has essentially maximized employment.

Shash Goyal Raising Money for New Hotel

by Arkansas Business Staff 7/24/2017 12:00 am

Earlier this month, Shash Goyal filed paperwork to raise $10 million for a newly formed company called Arkansas Knoxville Hotel.

Pasta Jack's Asks: What's In a Name?

by Jan Cottingham 7/24/2017 12:00 am

A complicated lawsuit involving operators of Pasta Jack's lays bare a business dispute that has become decidedly personal.

As Marijuana Industry Beckons, Banks Just Say No

by Gwen Moritz 7/24/2017 12:00 am

On one side is a new industry desperately needing local banking services. On the other side are bankers salivating at potential deposits and fee revenue. Between them is a federal government that outlaws marijuana.

NLR's West Scenic Apartments Tops $3.9 Million Mark (Real Deals)

by George Waldon 7/24/2017 12:00 am

West Scenic Partners LLC of St. Louis purchased Scenic Hill Apartments at 605 and 1207 W. Scenic Drive. The seller is Scenic Hill Properties Ltd., led by James Kincannon.

EGP's Don Rodgers Jr. Receives Certification

by Arkansas Business Staff 7/24/2017 12:00 am

Don Rodgers Jr., director of wealth management at EGP Wealth Management LLC in North Little Rock, has been awarded the Accredited Investment Fiduciary designation from the Center for Fiduciary Studies, an accrediting organization based in Pittsburgh.

Bank of the Ozarks Making Its Mark as Bank of the Nation

by George Waldon 7/24/2017 12:00 am

A seven-year string of top-performing bank accolades joins a history dominated by record quarterly earnings for Bank of the Ozarks.

Burlsworth Foundation to Honor Curt Bradbury of Stephens Inc. (Movers & Shakers)

by Arkansas Business Staff 7/24/2017 12:00 am

Curt Bradbury, chief operating officer of Stephens Inc., will be honored by the Brandon Burlsworth Foundation on Oct. 10 at the Brandon Burlsworth Legends Dinner, which is to be held at the Statehouse Convention Center in Little Rock.

Vixiar Medical Raises $1.5M to Produce First Product

by Arkansas Business Staff 7/21/2017 12:56 pm

Vixiar Medical Inc. of Annapolis, Maryland, announced Friday that it has raised seed round financing of over $1.5 million. Vixiar is a portfolio company of VIC Technology Venture Development of Fayetteville.

Governor, Business Mark Phase One of A-State Innovation System

by Graycen Colbert Bigger 7/21/2017 11:40 am

Regional business leaders, government officials and Arkansas State University employees gathered in downtown Jonesboro this week to launch the Garage, the first phase of A-State Innovation System.

JB Hunt Buys Special Logistics Dedicated LLC for $136M

by Lance Turner 7/21/2017 07:06 am

Publicly traded logistics company J.B. Hunt Transport Services Inc. of Lowell agrees to buy Special Logistics Dedicated LLC of Houston for $136 million. The company said the move will expand its e-commerce delivery platform.

Home BancShares Reports 25th Consecutive Profit Record

by Lance Turner 7/20/2017 07:15 am

Home BancShares Inc. of Conway on Thursday report its 25th consecutive quarter of record profit, $50.1 million, up 15 percent from the same quarter year.

Video: Bank of the Ozarks Marks 20 Years as a Public Company at Nasdaq

by Arkansas Business Staff 7/17/2017 12:48 pm

George Gleason, chairman and CEO of Bank of the Ozarks, rang the opening bell Monday at the Nasdaq MarketSite in New York's Time Square to mark its 20th anniversary as a public company.

JB Hunt 2Q Net Income Down 7 Percent

by Arkansas Business Staff 7/17/2017 11:54 am

J.B. Hunt Transport Services Inc. of Lowell reports second-quarter net income of $97.9 million, down nearly 7 percent from the same quarter last year.

Public-Private Partnerships Face Headwinds in Arkansas

by Marty Cook 7/17/2017 12:00 am

State Rep. Warwick Sabin finally got his public-private partnership bill passed in the Arkansas Legislature this year, but political compromises left some holes in its potential uses.

Hall-Davidson Combo Brings in $2.3 Million (Real Deals)

by George Waldon 7/17/2017 12:00 am

The $2.3 million purchase of adjoining buildings set in motion a multproperty redevelopment in downtown Little Rock.