Investments Archive

New Bankruptcy Filing Shows Deeper Debts for Phil Herrington

by Arkansas Business Staff 5/9/2016 12:00 am

In the recently released, more detailed filing, Phil Herrington listed debts of $13.45 million and assets of $5.06 million. When he initially filed for Chapter 11 in March, the real estate developer listed his estimated debts at between $1 million and $10 million.

In Fraud By Kevin Lewis, Blame Is On Trial

by Mark Friedman 5/9/2016 12:00 am

In a civil trial scheduled to start next Monday, the Federal Deposit Insurance Corp. will blame regional accounting firm BKD LLC for failing to uncover the massive fraud that led to the 2010 failure of First Southern Bank of Batesville.

Farmers & Merchants CEO Gary Hudson on Being a Delta Force in the Ozarks

by Arkansas Business Staff 5/9/2016 12:00 am

Gary Hudson is the president and CEO of Farmers & Merchants Bank of Stuttgart and a member of the Arkansas State Banking Board.

Inuvo Bumps Up CEO's Pay, Reports 1Q Revenue Increase

by Sarah Campbell 5/5/2016 03:22 pm

Inuvo Inc. CEO and other executive see more total compensation for 2015, according to the company's annual proxy statement. The Little Rock firm also reports 40 percent jump in first-quarter revenue.

Two AERT Executives See Total Compensation Decline

by Lance Turner 5/5/2016 01:58 pm

Two of the three named executive officers at Advanced Environmental Recycling Technologies Inc. of Springdale saw their compensation packages decline from 2014 to 2015, according to the company's most recent proxy.

Windstream Reports $232M 1Q Loss on Impairment Charge

by Sarah Campbell 5/5/2016 10:03 am

Windstream Holdings Inc. of Little Rock reports a first-quarter loss of $232 million, or $2.52 per share, down from a net income of $5 million, or 5 cents per share, in the same quarter last year.

Expenses Drive USA Truck to $1.8M 1Q Loss

by Arkansas Business Staff 5/5/2016 09:48 am

USA Truck Inc. of Van Buren on Thursday reported a first-quarter loss of $1.8 million, a decrease from the $1.6 million profit it reported in the same quarter of 2015.

Phyzit Puts App On Athenahealth Marketplace, Adds Greg Bledsoe As Adviser

by Sarah Campbell 5/2/2016 02:34 pm

Phyzit of Little Rock announced Monday that its transitional care management app will now be available from the online Athenahealth Marketplace.

With Dazzling Gem, Steve Landers Sr. Stays In the Running

by Arkansas Business Staff 5/2/2016 12:00 am

Steve Landers Sr. has participated in horseracing for 15 years and owns 19 racehorses, including Dazzling Gem, a thoroughbred that as of late last week stood at 24th in points in the lineup for the Kentucky Derby on Saturday.

Theories Foam Over Future Plans for Suds Carwash in Fayetteville

by Arkansas Business Staff 5/2/2016 12:00 am

Joshua Brown, co-founder of Haag Brown Commercial Real Estate & Development in Jonesboro, said he can't confirm what his company's plans are for a Fayetteville car wash it bought recently.

After Oh Baby Sale, It's Back to Basics for Fran Free

by Marty Cook 5/2/2016 12:00 am

Fran Free is enjoying life after selling her Oh Baby Foods brand to Blackhive Corp. of Fayetteville for an undisclosed amount this past winter.

US Employment, Earnings Gains Rose in March

by Arkansas Business Staff 5/2/2016 12:00 am

The U.S. economy continued to rebound in March, as private-sector employment and average hourly earnings rose.

Arkansas Convention Center Troubles Dog Texarkana Investor

by Mark Friedman 5/2/2016 12:00 am

Dr. Hiren D. Patel's investments in a convention center and hotels on both sides of Texarkana have turned into one financial headache after another.

Soul of the South Investors Battle Over KMYA License

by George Waldon 5/2/2016 12:00 am

The broadcast license for KMYA-TV, Channel 49, that Soul of the South Network investors are fighting over was an important piece to a funding puzzle two years ago.

Gateway Town Center Tracts Top $10.4M (Real Deals)

by George Waldon 5/2/2016 12:00 am

Undeveloped commercial land in Little Rock's Gateway Town Center project generated two seven-digit transactions.

Realtor Chris Polychron Recognized by UA Walton College of Business (Movers & Shakers)

by Arkansas Business Staff 5/2/2016 12:00 am

Chris Polychron of Hot Springs, who served as president of the National Association of Realtors in 2015, has been awarded the Lifetime Achievement Award from his alma mater, the Walton College of Business at the University of Arkansas at Fayetteville.

Murphy Oil Subsidiary Sells Alberta Sands to Suncor Energy for $744M

by Kyle Massey 4/28/2016 06:55 am

Murphy Oil Corp. of El Dorado announced Wednesday evening that its Canadian subsidiary has agreed to sell oil sands properties in Alberta to Suncor Energy for about $744 million. CEO Roger Jenkins said the deal will "further place our focus in North America on our unconventional assets" and help the company's balance sheet.

Machen, Billings Promoted at Bear State Financial

by Arkansas Business Staff 4/27/2016 03:06 pm

Bear State Financial Inc. of Little Rock, the holding company for Bear State Bank, announced Wednesday that it had promoted James M. Machen and Sherri Billings within the bank.

10 Startups Chosen For FinTech Accelerator Launching May 16

by Sarah Campbell 4/27/2016 01:32 pm

Ten startups have been offered the opportunity to participate in the VC FinTech Acceleration program powered by global technology services provider FIS and hosted by the Venture Center in Little Rock.

ArcBest's Robert Young Retires

by Marty Cook 4/26/2016 11:58 am

Robert Young on Tuesday presided over his last shareholders meeting as the chairman of the board of ArcBest Corp. of Fort Smith.