Investments Archive

Bear State Financial Merges 3 Bank Charters

by Arkansas Business Staff 2/18/2015 02:19 pm

Bear State Financial Inc. of Little Rock, the holding company for First Federal Bank, First National Bank and Heritage Bank, said it completed a merger of all three bank charters under one name, Bear State Bank.

XCelerate Capital Invests $250k in ARK Challenge Alum Tagless Style

by Mark Carter 2/16/2015 12:01 pm

Rod Ford's new Little Rock early-stage seed fund XCelerate Capital has invested $250,000 in Tagless Style, the ARK Challenge and Innovate Arkansas firm that partnered with Goodwill of Arkansas to "upcycle" second-hand clothes.

Valuing John Rogers Assets an ‘Interesting' Exercise

by George Waldon 2/16/2015 12:00 am

A $59 million offer to buy the photo archives and sports memorabilia collected by John Rogers has proven as ethereal as the wondrous asset valuations the embattled businessman once proclaimed.

Turner Grain's Dale Bartlett Claims Ignorance in Company's Collapse

by Mark Friedman 2/16/2015 12:00 am

As his creditors' claims have grown exponentially, Dale C. Bartlett has sworn in bankruptcy court that he had no idea what caused the collapse last summer of Turner Grain Merchandising of Brinkley, the business he co-owned until a year ago.

Bill Would Regulate Grain Traders

by Mark Friedman 2/16/2015 12:00 am

Arkansas legislators are working to get a bill ready that would regulate grain traders, said state Sen. Ronald Caldwell, R-Wynne.

Central Arkansas Commercial Vacancy Rate Drops

by Arkansas Business Staff 2/16/2015 12:00 am

The vacancy rate for commercial office space in central Arkansas declined in the fourth quarter, Central Arkansas Commercial Data Exchange said in its latest report.

The Perfect Arkansas Business Story (Gwen Moritz Editor's Note)

by Gwen Moritz 2/16/2015 12:00 am

I was reminded of David Allan Coe's recording of Steve Goodman's perfect country and western song when I saw the truly astonishing traffic to the ArkansasBusiness.com website generated by last week's story on the Dunklin family land feud.

Making Change: Social Entrepreneurs on a Mission (Whitney Horton Commentary)

by Whitney Horton 2/16/2015 12:00 am

Businesses have had social impact for a long time, creating jobs and tax revenue for their communities. Yet social entrepreneurs are not content with the rising tide lifting all boats; instead, they go into business with a specific cause in mind.

Dennis Hunt To Manage Public Finance Division at Stephens Inc.

by Arkansas Business Staff 2/16/2015 12:00 am

Dennis Hunt has been named executive vice president and manager of Stephens Inc.'s public finance division in Little Rock. He succeeds Mark McBryde, who is stepping down after serving 20 years in the position.

Power Technology Receives $100k from ASTA to Develop Laser Projection System

by Arkansas Business Staff 2/13/2015 03:12 pm

Power Technology Inc. of Alexander has developed a laser projection technology called Illumina that it believes can replace traditional movie projection systems. The Arkansas Science & Technology Authority has invested $100,000 in the technology.

EAST Initiative Unveils New West Little Rock Digs

by Mark Carter 2/12/2015 04:08 pm

EAST Initiative unveiled its new west Little Rock location on Thursday afternoon. The nonprofit partners with schools to provide project-based, service-oriented programs with a focus on high-end technology.

Windstream Names Kenny Gunderman CEO of REIT Spinoff

by Sean Beherec 2/12/2015 02:11 pm

Windstream Holdings Inc. of Little Rock has appointed Kenny Gunderman to lead the real estate investment trust company. The position had been vacant since the resignation of Windstream's first CEO, Jeff Gardner, who was replaced by Tony Thomas, the appointed CEO of the REIT spinoff.

P.A.M. Transportation 4Q Earnings Up 62 Percent

by Lance Turner 2/11/2015 10:00 am

P.A.M. Transportation Services Inc. of Tontitown on Tuesday reported fourth-quarter net income of $2.1 million, up 62 percent from the same quarter last year, to close what its chief executive called a "satisfying year."

USA Truck Swings to Profit in 4Q, Caps 'Transformative' Year

by Arkansas Business Staff 2/11/2015 07:17 am

USA Truck Inc. of Van Buren on Wednesday reported a fourth-quarter profit of $4.2 million, up from a $4.6 million loss in the same quarter last year.

Edmond Waters Named Commissioner of the Arkansas Securities Department

by Arkansas Business Staff 2/10/2015 04:04 pm

Gov. Asa Hutchinson names Edmond Waters as commissioner of the Arkansas Securities Department. He also appointed leaders for the Arkansas Department of Environmental Quality and the Arkansas Department of Veterans Affairs.

Landers Dealership Properties Add Up to $17.8M (Real Deals)

by George Waldon 2/9/2015 12:00 am

The sale of auto properties in west Little Rock weighed in at a combined $17.8 million. The sale of a 44,337-SF hangar at Clinton National Airport tipped the scales at more than $8.2 million. And a former USA Drug project in west Little Rock is under new ownership after a $1.95 million sale.

Murphy USA Earnings Jump in 4Q

by Sean Beherec 2/4/2015 05:17 pm

Murphy USA Inc. of El Dorado reported income from continuing operations of $98.3 million in 4Q on revenue of $3.61 billion.

WR Foundation Awards $35k to EAST Initiative, Innovation Hub for Entrepreneurship

by Arkansas Business Staff 2/4/2015 10:43 am

The matching grant will complement a recent $35,000 donation from AT&T and assist with the procurement and setup of technology and equipment to be used in the EAST Initiative's STEAM Lab at the Hub's Argenta Innovation Center in downtown North Little Rock.

Pennsylvania Company Buys Sterling Frisco Building in Fayetteville for $49M

by Arkansas Business Staff 2/4/2015 09:56 am

GMH Capital Partners of Newtown Square, Pennsylvania, buys Sterling Frisco, a 219-unit student housing community at 413 N. West Ave. in Fayetteville.

ArcBest 4Q Profit Up 41 Percent

by Marty Cook 2/4/2015 06:54 am

ArcBest Corp. of Fort Smith on Wednesday reported fourth quarter net income of $14.5 million, up 41 percent from the same time last year.