Manufacturing Archive

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.

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.”

Women Can — And Men Can, Too (Editorial)

by Arkansas Business Editors 3/24/2014 12:00 am

There may be a few jobs out there in which every man — person — for himself is a winning strategy, but a rising tide generally does lift all boats. All of us should ask: Am I protecting myself to my own detriment? Would I be more successful or happier or richer or less stressed if I shared the opportunity?

NWA Aims Message At Site Selectors

by Marty Cook 3/24/2014 12:00 am

Northwest Arkansas is aggressively campaigning site selectors for companies outside the region to promote itself as a place for investing and not just a "blank slate." The project comes after a survey of site selectors showed half knew little about the region beyond Wal-Mart and Bentonville.

Report: Arkansas' Manufacturing Employment Down Third Year in a Row

by Lee Hogan 3/17/2014 04:01 pm

The Federal Reserve Bank of St. Louis' "Burgundy Book" report showed manufacturing employment was down for the third year in a row in 2013 in Arkansas, in addition to a drop in manufacturing exports.

Continued Recovery Helps Boost Deltic CEO's Pay

by Jan Cottingham 3/17/2014 03:29 pm

The continued housing recovery that led to record profit for Deltic Timber Corp. last year helped propel total compensation for Deltic President and CEO Ray Dillon to $2.87 million in 2013.

Mike Beebe Names 36 Appointments to Boards, Commissions

by Arkansas Business Staff 3/17/2014 03:08 pm

Gov. Mike Beebe on Monday announced a judicial appointment as well as 36 appointments to state boards and commissions.

Mike Beebe Vetoes Tax Exemption for Drilling Sand

by Andrew DeMillo, The Associated Press 3/17/2014 09:45 am

Arkansas Gov. Mike Beebe vetoed a $5 million tax exemption for the sand used in natural gas drilling on Monday, saying it was unconstitutional for the Legislature to include the tax break in a state agency's budget bill.

Arkansas Unemployment Rate Falls to 7.3 Percent in January

by Arkansas Business Staff 3/17/2014 09:40 am

Arkansas' unemployment rate fell one-tenth of a percentage point from December to 7.3 percent in January, according to the state Department of Workforce Services.

Arkansas Business Seeking 40 Under 40 Nominations

by Arkansas Business Staff 3/14/2014 08:15 am

The 2014 class of 40 Under 40 honorees will be profiled in the June 23 issue of Arkansas Business. Included in this issue will be a listing of their accomplishments within their businesses, organizations and/or community.

Peco Foods Announces Northeast Arkansas Plant, 1,000 Jobs

by Mark Carter 3/10/2014 10:02 am

Gov. Mike Beebe and executives from Peco Foods announce plans for a new $165 million poultry operation in northeast Arkansas that will employ 1,000.