Manufacturing Archive

Government, Wal-Mart, Tyson Foods Remain Atop Largest Arkansas Employers List

by Marty Cook 4/7/2014 12:00 am

The names of Arkansas' largest employers remain mostly unchanged from a year ago — and every year. State government is still atop the list with nearly 57,000 employees.

Arkansas Sees 2.2% Rise in State Personal Income

by Arkansas Business Staff 4/7/2014 12:00 am

Average state personal income in the U.S. grew 2.6 percent in 2013, a decline from the 4.2 percent of 2012, according to the U.S. Bureau of Economic Analysis.

Apple Car: A Ripening Idea (Craig Douglass On Consumers)

by Craig Douglass 4/7/2014 12:00 am

The Tesla Model S electric car costs $70,000. The Apple iPhone 5s costs from $199 to $399, depending on the gigabyte storage. But they both use lithium-ion batteries. And that may be the common denominator linking the two companies.

Mountain Valley Spring Water IPO Plans Go Dry

by Arkansas Business Staff 4/7/2014 12:00 am

Though Mountain Valley Spring Water of Hot Springs was acquired last month, its plans for an initial public stock offering are officially off the table.

UPDATE: Canadian Firm Buys Two Arkansas Lumber Companies

by Jan Cottingham 4/4/2014 10:55 am

Canadian firm West Fraser Timber has bought two Arkansas sawmill and lumber manufacturing operations: Travis Lumber Co. of Mansfield and Bibler Brothers Lumber of Russellville.

US Employers Add 192k Jobs; Rate Stays at 6.7 Percent

by Associated Press 4/4/2014 08:50 am

U.S. employers added jobs at a solid pace in March and hired more in January and February than previously thought. Friday's government report sent a reassuring signal that the economy withstood a harsh winter that had slowed growth.

Survey: US Companies Add 191K Jobs in March

by Associated Press 4/2/2014 11:31 am

A private survey shows that U.S. companies increased hiring at a healthy pace last month, suggesting that the jobs market is recovering from a brutal winter.

Rand Paul: Give Caterpillar Award for Tax Strategy That Saved Billions

by Associated Press 4/2/2014 07:45 am

Caterpillar Inc. executives defended a tax strategy Tuesday that has saved the manufacturing giant billions in U.S. taxes. They got support from Republican senators, including one who said the company deserves an award.

Exxon: Highly Unlikely World Limits Fossil Fuels

by Associated Press 4/1/2014 11:46 am

On the same day the world's scientists issued their latest report on climate change and the risks it poses to society, the nation's biggest oil and gas company said the world's climate policies are "highly unlikely" to stop it from selling fossil fuels far into the future.

US Auto Sales Expected to Rise 2 Percent in March

by Associated Press 4/1/2014 11:45 am

Automakers said Tuesday that new car and truck sales picked up speed halfway through March, culminating in a strong final weekend.

Economist Expects Arkansas Manufacturer to Add Jobs at 'Healthy Pace'

by Associated Press 4/1/2014 07:24 am

A monthly economic index for nine Midwestern and Plains states has risen slightly, suggesting economic growth over the next three to six months.

UA Receives $7.8M for College of Engineering

by Mark Carter 3/31/2014 09:32 am

The University of Arkansas announces an estate gift valued at more than $7.8 million to its College of Engineering from alumnus Robert H. Biggadike.

NanoMech Starts Work on New $10M Headquarters

by Mark Carter 3/31/2014 09:00 am

The new building, expected to be complete by September, will adjoin the company's existing facility on a recently expanded 9-acre corporate campus. An initial production facility will be ready by July, the company said.

Flashbacks of Arkansas Business' First 30 Years (Editor's Note)

by Gwen Moritz 3/31/2014 12:00 am

To celebrate Arkansas Business' 30th anniversary, the staff decided to pull out and reprint some of the stories that we felt were the most important, the most interesting and the most fun. Arkansas Business is still reporting on the state economic scene with business executives as its readership, sticking to its mission of providing the revealing, memorable and important business news available in Arkansas.

Oily Deals: Pattern Emerging in Questionable Arkoma Gas Transactions

by Wythe Walker Jr. and David F. Kern 3/31/2014 12:00 am

Jerry Jones has always pleaded innocent in the controversial 1982 Arkla-Arkoma gas deal, a deal worth at least $174.8 million when the final numbers were tallied last fall. This January, a ratepayers' class-action suit declared the deal an insider's rip-off for Arkansas gas consumers who got stuck with an $80 million overcharge bill that went straight into Jones' bulging bank account.

Despite Name, Arkansas Casino Corp. Operator Closely Tied to Texas, Idaho

by Michael Whiteley and Mark Friedman 3/31/2014 12:00 am

As an officer of Arkansas Casino Corp., the Dallas civil trial attorney feared that what happened in 1998 would happen again. That year, the company failed to round up enough signatures to put an initiative before the voters that would allow it to operate six casinos in Arkansas as well as pave the way for a state-run lottery and legalize charitable bingo.

Andrew Kilgore: Portraits in Black and White

by Arkansas Business Staff 3/31/2014 12:00 am

Beginning with the last issue of 1984 and continuing into 1988, Andrew Kilgore photographed business legends and up-and-comers for the cover of Arkansas Business.

Former Theater Owner Tony Rand, Five Sons Guilty of $110 Million in Scams

by George Waldon 3/31/2014 12:00 am

A nearly seven-year stretch in prison apparently served only to inspire a vastly larger interstate scheme from Texas. This gambit involved Tony Rand, now 70, and his five sons swindling hundreds of oil and gas investors of more than $110 million. Some suspect their schemes at times resembled a plot line in a zany 1968 movie “The Producers.”

Appeals Court Rules in Favor of Meat Labels

by Associated Press 3/28/2014 12:56 pm

A federal appeals court is allowing labels on certain cuts of meat to say where the animals were born, raised and slaughtered.

Durable Goods Orders Up, But Key Category Weakens

by Associated Press 3/26/2014 11:00 am

Orders to U.S. factories for long-lasting manufactured goods rose in February by the most in three months, but a key category that reflects business investment fell sharply. This category fell 1.3 percent, the second setback in three months.