Investments Archive

New Offer Ready, But Will Money Materialize for John Rogers Collection?

by George Waldon 5/4/2015 12:00 am

John Rogers has been working closely with a would-be buyer of his former sports memorabilia and photo archive, according to a sworn deposition given by one of his many creditors. The proposal, $28 million in cash plus stock, is awaiting court review. It isn't the first problematic business deal visited on Arkansas by Tim Holly and his Red Alert Media Matrix Inc.

Restaurant Sector Embraces Alternative Funding

by Jan Cottingham 5/4/2015 12:00 am

Restaurants, breweries and similar businesses in Arkansas increasingly are finding crowdfunding a valuable source of alternative financing. Arkansans see it as a way not only to finance special projects but as an important tool to promote buzz and buy-in, essential components of a successful startup.

Judy McReynolds: ArcBest Corp. Aiming for $3B in Revenue

by Marty Cook 5/1/2015 10:28 am

ArcBest Corp. of Fort Smith wants to be a $3 billion company in 2015, CEO and President Judy McReynolds said at the company's annual shareholders meeting Friday. ArcBest generated $2.6 billion in revenue in 2014, an increase of about 14 percent.

$100M for a Home? Luxury Buyers Reach a New Threshold

by Associated Press 4/30/2015 11:32 am

Rather than settle for garages of antique cars or a museum's worth of paintings, billionaires are increasingly willing to pay $100 million for homes that can serve as showcases for their fortunes, according to an analysis issued Thursday by Christie's International Real Estate.

Bear State Financial Discloses Raises for Executives, Sets Meeting Date

by George Waldon 4/29/2015 04:46 pm

Bear State Financial Inc. released its annual proxy statement and announced its annual shareholders meeting to be held May 29 at the company's Harrison headquarters.

Oil Price Drop Drives Murphy Oil to $14.4M 1Q Loss

by Sean Beherec 4/29/2015 04:27 pm

Murphy Oil Corp. of El Dorado on Wednesday reported a net loss of $14.4 million, or 8 cents per diluted share, in the first quarter of the year, citing a drop in oil prices. Murphy Oil said that was down from a net income of $155.3 million, or 85 cents per diluted share, during the same period last year. Income from continuing operations during the first quarter was $3.5 million compared to $169.3 million last year.

Inuvo Reports $626K Profit in 1Q

by Sean Beherec 4/29/2015 03:48 pm

Inuvo Inc. of Conway reported net income of $626,000, compared to $675,000 during the same quarter last year. Inuvo also reported revenue of $13.4 million in the first quarter compared to $10.1 million last year.

Simmons First Announces Deal to Buy Missouri Trust Company

by Gwen Moritz 4/29/2015 03:30 pm

Simmons First National Corp. of Pine Bluff will pay approximately $20.7 million in cash and stock for Ozark Trust & Investment Corp. and its wholly owned subsidiary, Trust Co. of the Ozarks, both of Springfield, Missouri.

Arkansas Baptist College Opens Scott Ford Center

by Arkansas Business Staff 4/29/2015 02:29 pm

Arkansas Baptist College of Little Rock on Wednesday marked the opening and dedication of the Scott Ford Center for Entrepreneurship & Community Development.

Murphy Oil CEO Undergoes 'Unscheduled Medical Procedure'

by Sean Beherec 4/28/2015 03:43 pm

Murphy Oil Corp. of El Dorado on Tuesday said company CEO Roger Jenkins had undergone an "unscheduled medical procedure" earlier in the day. The company said in a news release that the procedure "went well" and that Jenkins was expected back in the office next week.

Tyson Foods to Cut Human Antibiotics From US Chickens by 2017

by Marty Cook 4/28/2015 10:30 am

Tyson Foods Inc. of Springdale said Tuesdsay that it is working to eliminate the use of human antibiotics from U.S. broiler chicken flocks by September 2017.

Communications Sales & Leasing is Trading Now

by Lance Turner 4/27/2015 10:21 am

Windstream Holdings Inc. of Little Rock has officially spun off its real estate and copper assets into a real estate investment trust called Communications Sales & Leasing Inc.

The Cool Side of Warren Stephens

by Arkansas Business Staff 4/27/2015 12:00 am

The relationship between Marc Gorlin, the founder and CEO of Atlanta startup Roadie, and Warren Stephens, CEO of Stephens Inc., goes back to the late '90s, Gorlin says.

Acme Holding: No Dividends Weigh Heavily

by George Waldon 4/27/2015 12:00 am

Did creditors representing $9.5 million worth of debt convince U.S. Bankruptcy Court Judge Ben Barry that Acme Holding Co. is a lost cause? A ruling in their favor could result in the second auction of an Arkansas bank in three years.

Nonprofit Group Takes a Lick on Hanger Hill Properties

by George Waldon 4/27/2015 12:00 am

The proposed site for a nonprofit campus in downtown Little Rock was recycled in a $1.5 million transaction.

Warren Stephens Bets on Startup Roadie Shipping Network

by Jan Cottingham 4/27/2015 12:00 am

Roadie uses the excess capacity of passenger vehicles already on the road to move packages from one point to another. The Roadie mobile app connects drivers with people who need to ship goods to where those drivers are already headed.

How America's Middle Class Has Shrunk Since 2000

by Arkansas Business Staff 4/27/2015 12:00 am

The struggles of middle-class American families and growing income inequality have risen to the top of the national agenda.

Conway Startup Grainster's Boasts Wildly Optimistic Projections

by Mark Friedman 4/27/2015 12:00 am

Grainster, an online grain-trading business based in Conway, launched in August and has since made eye-popping claims of being a $200 million startup and having a potential valuation of $1 trillion in just 14 years.

Innovate Arkansas Accelerating Startup Success in State

by Mark Carter 4/27/2015 12:00 am

Before 2012, Arkansas startup founders looking to join an accelerator program to fast-track their ventures had to look out of state. The ARK Challenge gave them a reason to stay home. The state's first startup accelerator, the ARK was funded into life in 2012 when Innovate Arkansas submitted an application to the $37 million Jobs & Innovation Accelerator Challenge, an effort by the U.S. Department of Commerce to spur job creation within targeted regional industry clusters.

Windstream Spinoff CS&L to Begin Trading on Monday

by Gwen Moritz 4/24/2015 05:01 pm

Windstream Holdings Inc. of Little Rock officially spun off its real estate and copper assets late Friday into a real estate investment trust whose shares will begin trading publicly on Monday.