Investments Archive

State Lays Foundation for Entrepreneurial Growth

by Mark Carter 2/2/2015 12:00 am

When April Seggebruch launched Innovate Arkansas client firm Movista of Bentonville with Stan Zylowski in 2010, both freshly adorned with MBAs from the Walton College of Business at the University of Arkansas, the state's tech startup scene was alive but only taking baby steps.

ADFA: Four Funds to Help Grow Startups

by Mark Carter 2/2/2015 12:00 am

The Arkansas Development Finance Authority's Arkansas Venture Capital Investment Trust consists of four funds created to provide a unique set of financial resources for startups.

Benefit Bank Transaction Set At $32M

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

The proposed sale of Fort Smith's Benefit Bank represents a cash transaction of nearly $32.2 million. Ironhorse Financial Group Inc. of Muskogee, Oklahoma, intends to merge the $195 million-asset lender into its Armstrong Bank, which operates 17 full-service locations in eastern and northern Oklahoma.

Ownership of Charles Conlon Collection in John Rogers Case Up in the Air

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

The famed collection of major league baseball images captured by Charles Conlon (1868-1945) is among the disputed assets associated with John Rogers. But unlike other collections Rogers purportedly acquired, no one doubts that he obtained an estimated 8,400 glass plate negatives produced by Conlon.

With Hillshire Under Its Wing, Tyson Foods' 1Q Sales, Profit Rise

by Marty Cook 1/30/2015 07:48 am

Tyson Foods Inc. of Springdale on Friday reported first-quarter net income of $309 million, up 22 percent from $252 million in the same quarter last year.

UAMS Startup Receives $14.5M to Help Drug Users Break Addiction

by Arkansas Business Staff 1/29/2015 11:24 am

InterveXion Therapeutics LLC, a University of Arkansas for Medical Sciences BioVentures startup company, has received two federal grants totaling $14.5 million for development of drug therapies that can help methamphetamine drug abusers break their addiction.

Murphy Oil Net Income Skyrockets in 4Q

by Sean Beherec 1/28/2015 04:06 pm

The El Dorado company reported net income of $375.2 million in the fourth quarter, but even better results — $442 million — from continuing operations.

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.