Public Companies Archive

Big Arkansas Banks Gear Up For $10B Threshold

by George Waldon 1/18/2016 12:00 am

Not long ago, crossing the $10 billion-asset threshold for a bank was merely a big round-number achievement. Now, however, banks surpassing $10 billion in assets face additional costs, fee restrictions and new layers of regulatory oversight.

National Charter Conversions to State a One-Way Street

by Gwen Moritz 1/18/2016 12:00 am

Most regulated industries don't get to choose who regulates them, but, to a limited degree, banks do. And while the door can swing both ways, in reality the traffic has flowed in one direction: converting from national charters to state charters.

University of Arkansas Joins Truck Driving Quest

by Marty Cook 1/18/2016 12:00 am

Members of a partnership that includes Mid-America Truck Driving School of Malvern, the Northwest Technical Institute of Springdale and the UA Global Campus in Rogers hope to raise the exposure and enrollment numbers of the program.

US Bank's Michael A. Shelley on Banking in Arkansas, Singing in Alabama

by Arkansas Business Staff 1/18/2016 12:00 am

As State President of U.S. Bank, Michael A. Shelley is responsible for commercial, consumer and trust banking throughout Arkansas. He has more than 30 years of experience as a commercial banking executive, corporate CFO and CPA.

Wal-Mart to Close 269 Stores, 154 of Them in the US

by Anne D'Innocenzio, The Associated Press 1/15/2016 08:42 am

Wal-Mart is closing 269 stores, more than half of them in the U.S. and another big chunk in its challenging Brazilian market. The stores account for a fraction of the company's 11,000 stores worldwide and less than 1 percent of its global revenue. Includes a list of stores to be closed.

Bank of the Ozarks Reports Record 4Q Net Income

by Arkansas Business Staff 1/14/2016 04:23 pm

Bank of the Ozarks Inc. of Little Rock on Thursday announced record fourth-quarter net income of $51.5 million, up 48 percent from the same quarter last year. It also said full-year net income was a record $182.3 million, up 54 percent from $118.6 million for the full year of 2014.

US Chamber of Commerce Sees Many Risks For 2016

by Associated Press 1/14/2016 11:30 am

America's most influential business lobby says American businesses are facing numerous risks and few upsides as they enter 2016.

USA Truck Names Randy Rogers New President, CEO

by Marty Cook 1/13/2016 08:54 pm

USA Truck Inc. of Van Buren named Randy Rogers as its CEO and president after a "comprehensive" search that vetted more than 30 candidates.

Fed Says Economy Expanded; Modest Growth in Arkansas' District

by Associated Press 1/13/2016 03:47 pm

The Federal Reserve says the economy expanded across most of the United States in December and early January.

Bank of the Ozarks to Buy WLR Land for New Headquarters

by George Waldon 1/12/2016 04:12 pm

Bank of the Ozarks has put about 44 acres under contract for a new corporate headquarters campus in west Little Rock. The company intends to pay $12.7 million for property on the western end of The Ranch. First-phase construction of a 180,000-SF building is expected to begin late this year or early 2017.

Lawsuit: Wal-Mart Sold Ammo Used in 3 Killings

by Associated Press 1/12/2016 01:39 pm

Families of three people killed in Pennsylvania last year are suing Wal-Mart, alleging the retail giant sold ammunition used in the slayings to a man who was underage and drunk.

Stocks Drift Mostly Lower amid Drop in Energy Stocks, Oil

by Associated Press 1/12/2016 01:35 pm

Another slide in crude oil prices weighed on U.S. stocks Tuesday, steering the broader market on course for a lower close. Energy stocks were among the biggest decliners. Technology companies bucked the trend. Investors also had their eye on corporate earnings, which are just starting to trickle out.

Truckers Pleased by Transportation Bill, Reform of Safety Ratings

by Marty Cook 1/11/2016 12:00 am

The act, all 1,300 pages of it, contains many provisions small and large, although the main thrust of the bill is the $305 billion in infrastructure spending and transit development during the next five years.

CS&L to Buy PEG Bandwidth in $409M Deal

by Lance Turner and Mark Carter 1/7/2016 11:23 am

Communications Sales & Leasing Inc. of Little Rock announces its first acquisition, a $409 million deal for PEG Bandwidth LLC, a telecommunications infrastructure provider owned by Associated Partners LP.

USA Truck Adds Retired Air Force Maj. Gen. Barbara Faulkenberry to Board

by Arkansas Business Staff 1/6/2016 10:29 am

USA Truck Inc. of Van Buren appointed retired Air Force Maj. Gen. Barbara Faulkenberry to its board of directors Wednesday.

Walton Family Members Give Away $407M in Shares

by Lance Turner 1/5/2016 03:33 pm

Sam Walton's three surviving children have given about $407 million worth of stock in Wal-Mart Stores Inc. to a nonprofit organization founded by their family.

US Indexes Mix Small Gains and Losses as Energy Slides

by Marley Jay, AP Markets Writer 1/5/2016 01:05 pm

U.S. stocks are slipping Tuesday afternoon. Energy stocks are leading the market lower as the price of oil dips, and shares of GM and Ford slumped as their December sales fell short of analysts' estimates.

2015: The Year in Executive Q&A

by Gwen Moritz 1/4/2016 12:00 am

This week, for the second time, Arkansas Business offers a compilation that appeals to the universal interest in other people: all 50 of 2015's “Executive Q&A” features in the first issue of Arkansas Business for 2016.

No Daily Report, Morning Roundup on Friday

by Arkansas Business Staff 12/31/2015 07:59 am

Arkansas Business will not send the Daily Report and Morning Roundup on Friday, New Year's Day.

Memorial Service for Breck Speed, 81, Set for Thursday

by Gwen Moritz 12/28/2015 07:36 am

Breck Speed, a former executive with both ABF Freight and USA Truck, died at his Fort Smith home on Christmas Eve. He was 81.