Investments Archive

Report: State Jobless Rate Down to 5.7 Percent

by Mark Carter 1/27/2015 09:35 am

Arkansas' unemployment rate fell to 5.7 percent in December, dropping two-tenths of a percentage point from November, according to a report from the state Department of Workforce Services.

Stephens' Halifax Made Money Before Sale to New Media

by Sean Beherec 1/26/2015 12:00 am

A recent U.S. Securities & Exchange Commission filing by the company that bought Halifax Media, the private newspaper chain partially owned by Warren Stephens, revealed more details about his company's financials.

Arvest Mortgage CEO Bill Roehrenbeck Joins PNC Bank of Delaware

by Arkansas Business Staff 1/26/2015 12:00 am

Bill Roehrenbeck, chairman and CEO of Arvest Mortgage Co. and Central Mortgage Co., has left to join PNC Bank of Wilmington, Delaware.

Central Arkansas Regains Jobs Lost During Recession

by Arkansas Business Staff 1/26/2015 12:00 am

Metroplan last month released its latest “Metro Trends: Economic Review and Outlook,” which examines what it calls “the new economy” in central Arkansas in the aftermath of the Great Recession.

Newly Renamed Anstaff Bank Plans Growth

by Marty Cook 1/26/2015 12:00 am

The former First National Bank of Green Forest changes its name as part of an expansion mode, moving outside of its historic base of operations with a nongeographic label in its name. Anstaff has nine branches in Carroll, Boone, Madison and Newton counties.

Arkansas' Biggest Deals of 2014 Soar While Value Slips

by Jan Cottingham 1/26/2015 12:00 am

The mergers and acquisitions spigots were opened wide last year in Arkansas. The number of big deals — those valued at $9 million or more — soared 38 percent, increasing to 101 in 2014 compared with 73 in 2013.

How A Trans-Atlantic Investment Scam Ensnared Credit Union President Joyce Judy

by Gwen Moritz 1/26/2015 12:00 am

The following story of how the president of a small credit union in Little Rock was ensnared in an international investment scam was pieced together from depositions and exhibits filed in the North Carolina civil case and from official documents filed in the criminal cases.

J.B. Hunt 4Q Net Income Up 20 Percent

by Marty Cook 1/22/2015 11:24 am

J.B. Hunt Transport Services Inc. of Lowell reported fourth-quarter net income of $110 million, or 93 cents per share, on Thursday.

Simmons First 4Q Earnings Reach $12.6M

by Lance Turner 1/22/2015 09:37 am

Simmons First National Corp. of Pine Bluff reports a 234 percent increase in fourth-quarter earnings, as the financial holding company integrated recent acquisitions, added to revenue streams and controlled expenses.

The Root Café Gets $150K Grant from JPMorgan Chase Bank

by Lee Hogan 1/21/2015 04:30 pm

Jack and Corri Sundell, owners of The Root, received a $150,000 grant from JPMorgan Chase. The Root was one of 20 grant recipients in the JPMorgan Chase Mission Main Street program, and the only one in Arkansas.

Tyson Foods Foundation, Family Donate $500K to UA's eVersity

by Arkansas Business Staff 1/21/2015 10:47 am

The Tyson Foods Foundation Inc. and the Tyson family have donated $500,000 to the University of Arkansas System's online university, eVersity.

Jerry Jones Gives $10.65M to University of Arkansas Athletic Department

by Arkansas Business Staff 1/21/2015 10:22 am

The Jones' gift is a combination of cash to be paid over a five-year period and land donated to the Razorback Foundation. The donation will address several projects of the university's athletics department, including a 55,000-SF student-athlete center.

State PSCs OK Windstream REIT

by Sean Beherec 1/21/2015 09:32 am

Windstream Holdings Inc. of Little Rock on Wednesday said it has received regulatory approval from all of the state public service commissions required before its real estate investment trust could spin off from the company.

Investor Ivol Green Fined $100K by Arkansas Securities Department

by Arkansas Business Staff 1/19/2015 12:00 am

Do you remember the cease-and-desist order filed against Ivol Green of Little Rock and his Enterprise World Trust LLC by the Arkansas Securities Department almost three years ago? Well, it's getting worse.

Pulaski County Ranked High on U.S. List of Average Net Capital Gains

by Arkansas Business Staff 1/19/2015 12:00 am

This map reflects the percentage of taxpayers reporting net capital gains — the profits from sales of capital assets such as stock or real estate — by county in 2012. The shading of the counties is based on their rank out of 3,124 counties in the United States, with darker shades indicating higher values.

Finances Force Hoxie To Leave Regional Group

by Mark Friedman 1/19/2015 12:00 am

The city of Hoxie left the Northeast Arkansas Regional Intermodal Facilities Authority, an economic development group, because it couldn't afford the annual fees.

OREO ‘Cleansing' Helps Stabilize NWA Real Estate

by Marty Cook 1/19/2015 12:00 am

When the real estate bubble popped in 2008, it popped big time in northwest Arkansas, which generated more “other real estate owned” than Little Rock. Now, sales and an improving economy are bringing calm to a market once noted for speculation.

Neurological Caretaker Gets $2.1M Judgment as Family of Former Patient Points Fingers

by Mark Friedman 1/19/2015 12:00 am

After a two-year federal court fight that involved a trip to bankruptcy court, a Virginia rehabilitation center earlier this month was finally paid $2.1 million for providing five years of care to an Arkansan injured when a surgeon operated on the wrong side of his brain in 2004.

Creditors Urge Acme Liquidation, Auction of Allied Bank Stock

by George Waldon 1/19/2015 12:00 am

Three of the largest creditors of Acme Holding Co. want to see its Chapter 11 bankruptcy reorganization converted to Chapter 7 liquidation.

Bank of the Ozarks Net Income Up 42 Percent

by Arkansas Business Staff 1/16/2015 09:03 am

Bank of the Ozarks Inc. of Little Rock on Thursday reported a 42 percent increase in fourth-quarter net income.