Investments Archive

Bear State Buy Poised To Take Assets to $1.5B

by George Waldon 6/9/2014 12:00 am

Bear State Financial Inc. of Harrison, recently renamed from First Federal Bancshares of Arkansas, is days away from almost tripling its size with the pending acquisition of First National Security Co. of Hot Springs.

Acme Creditors Oppose 3-Branch Sale, Say Allied Assets Should Be Separate

by George Waldon 6/9/2014 12:00 am

A proposed $2 million sale of three of Allied Bank's six branches to an unidentified buyer has drawn opposition from the largest secured creditors of its parent company, Acme Holding Co. of Little Rock.

Recession Sees Cutbacks as Americans' Autos Get Older

by Arkansas Business Staff 6/9/2014 12:00 am

Americans reduced their annual spending on vehicles during the Great Recession, while at the same time the age of their vehicles increased, according to the U.S. Bureau of Labor Statistics.

On Development: Business & Childhood (Scott Gordon Commentary)

by Scott Gordon 6/9/2014 12:00 am

There's a proven correlation between childhood development and economic development. Research shows that investments in children's health and learning have impressive economic outcomes, both in the short and long term.

Moses & Tucker Lead Refinancing of River Market Tower

by Arkansas Business Staff 6/9/2014 12:00 am

Did you know the River Market Tower in downtown Little Rock is built on a new financial foundation? The ownership group, led by developers Jimmy Moses and Rett Tucker, bought the project's debt from an affiliate of the The Broe Group of Denver for an undisclosed sum.

Update: Wal-Mart Executives Focus On Small Stores, Online

by Marty Cook 6/6/2014 01:30 pm

Same-store sales continue to drop for Wal-Mart Stores Inc. of Bentonville, but U.S. stores division CEO Bill Simon seemed to shrug off concerns Thursday during question-and-answer session with reporters.

Wal-Mart's Doug McMillon: Online Sales, Stores Make Customer Experience Better

by Anne D'Innocenzio, The Associated Press 6/6/2014 11:44 am

Wal-Mart's newly anointed CEO Doug McMillon said the world's largest retailer's task is to bring the changing world of e-commerce together with physical stores to help make customers' shopping experience better as technology evolves.

Greg Penner Named Wal-Mart Board Vice Chairman

by Lance Turner 6/6/2014 08:52 am

Wal-Mart Stores Inc.'s board of directors announces the appointment of Greg Penner to the new position of vice chairman of the board.

First Federal Bancshares Changes Name to Bear State Financial

by George Waldon 6/3/2014 10:55 am

First Federal Bancshares of Arkansas Inc. of Harrison is now Bear State Financial Inc. The name change approved by shareholders on March 21 became effective Tuesday.

Halifax Media Buys Telegram & Gazette from Red Sox Owner

by Luke Jones 6/2/2014 12:00 am

Halifax, a newspaper chain in which Little Rock financier Warren Stephens is a major investor, announced last month a deal to buy the Telegram & Gazette of Worcester, Massachusetts, from John Henry, owner of the Boston Red Sox and the Boston Globe.

Mere Mortals Can Make It Happen (Gwen Moritz Editor's Note)

by Gwen Moritz 6/2/2014 12:00 am

Shortly after our firstborn arrived in the fall of 1990 — a year before I took a job as a business reporter even though I knew nothing about business — I read an article that sent an electric shock through my newly maternal brain. It said, simply and indisputably, that every dollar I saved for my child's college education would earn money and every dollar I had to borrow for college would cost money.

ArcBest Corp. Unveils $30M Plan for New Headquarters in Fort Smith

by Lance Turner and Marty Cook 5/30/2014 01:39 pm

ArcBest Corp. of Fort Smith said Friday that it will buy 40 acres of land at Chaffee Crossing in Fort Smith to build a new corporate headquarters. The $30 million project will allow the firm to support 975 new jobs in Fort Smith through 2021.

Update: Tyson Foods Wants to Buy Hillshire Brands In $6.8B Deal

by Lance Turner and Marty Cook 5/29/2014 11:44 am

Tyson Foods Inc. of Springdale proposes the biggest acquisiton in its history, offering to purchase Hillshire Brands for $50 per share, or about $6.8 billion. The offer comes as Hillshire weighs another merger proposal by Pilgrim's Pride and the purchase of Pinnacle Foods.

Update: America's Car-Mart 4Q Profit Drops 28 Percent

by Marty Cook 5/28/2014 01:04 pm

America's Car-Mart Inc. of Bentonville reports fourth-quarter net income of $6.8 million, down 28 percent from the same quarter last year as "too many" of its customers didn't "successfully fulfill the requirements of their contracts."

Simmons First to Buy Liberty Bancshares in Missouri in $207M Deal

by Lance Turner and Gwen Moritz 5/28/2014 08:29 am

Simmons First National Corp. of Pine Bluff is buying yet another bank, Liberty Bancshares Inc. of Springfield, Missouri. Per the deal, Simmons First will acquire all outstanding common stock of Liberty in an all-stock transaction valued at about $206.9 million.

Four Join List of 75 Largest Private Companies in Arkansas

by Gwen Moritz 5/26/2014 12:00 am

The 75 largest private companies in Arkansas generated total revenue — self-reported and estimated — of $31.15 billion in their most recent fiscal years, and the price of entry to the list was $88.8 million.

Lindsey Co. Faces Changing Market as Golf Course Demand Drops

by Marty Cook 5/26/2014 12:00 am

Golf courses are not nearly as popular as they were 10 to 20 years ago and Lindsey Management is smart enough to adapt. There are approximately 42 Lindsey golf courses, most affiliated with an apartment complex, but there are some standalone courses.

Some Retailers See Surge in Revenue in 2013

by Mark Friedman 5/26/2014 12:00 am

About half of the retailers on this year's list of Arkansas' largest private companies enjoyed increased revenue in 2013. Of the 17 retailers among the 75 largest private companies, eight reported increases over 2012 figures, four remained flat and five reported lower revenue.

Big Slice of Park Avenue Draws $23.4M Transaction (Real Deals)

by George Waldon 5/26/2014 12:00 am

About 70,200 SF of retail space and a two-story parking deck in midtown Little Rock weighed in at $23.36 million. Six pieces of the Park Avenue project on University Avenue were sold to Illinois trust group.

Your Brain on Lists (Editorial)

by Arkansas Business Editors 5/26/2014 12:00 am

There is something in the human brain that likes to see data organized in lists. In our newsroom, we know that our weekly lists are primarily used for sales leads — that's a service to our audience that we are happy to perform.