Investments Archive

BKD Settles With FDIC Over Kevin Lewis Fraud

by Arkansas Business Staff 5/16/2016 12:00 am

The Federal Deposit Insurance Corp. last week settled its lawsuit against the accounting firm BKD LLP, just days before the trial was scheduled to begin in U.S. District Court in Little Rock.

Stephens Inc. Fined $900K for Lax Supervision of Internal Emails

by Gwen Moritz 5/11/2016 04:32 pm

Stephens Inc. consented to the FINRA fine without admitting or denying the findings, and spokesman Frank Thomas told Arkansas Business that Stephens Inc. would not comment on the order.

Net Income Up 40 Percent, Tyson Foods Raises Earnings Guidance

by Lance Turner 5/9/2016 10:06 am

Tyson Foods Inc. of Springdale on Monday reported a 40 percent increase in first-quarter net income and raised its guidance for fiscal-year earnings.

One-Time Gain Boosts Murphy USA to $86M 1Q Net Income

by Kyle Massey 5/9/2016 09:00 am

Gasoline retailer Murphy USA Inc. of El-Dorado reported first-quarter profits Monday of nearly $86 million, far over its $23 million in income from the same period last year.

FDIC Asks for Over $1.2M in Judgments Against Alex Golden, Amy McCay

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

The FDIC has locally registered judgments of nearly $900,000 against Allied Bank president Alex Golden and more than $324,000 against his sister, Amy McCay.

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.