Today's News

Mike Beebe Says He's Working Quickly to Pick New Arkansas Treasurer

by Andrew DeMillo, The Associated Press 5/22/2013 11:44 am

Arkansas Gov. Mike Beebe said he hopes to name a replacement in the next several days for the state treasurer, who resigned over accusations she took cash bribes from a bond broker. The governor would not say who he's considering for the post, added that he wants to find someone "relatively apolitical."

Ben Bernanke Signals Fed to Maintain Stimulus Efforts

by Associated Press 5/22/2013 11:33 am

Chairman Ben Bernanke told Congress Wednesday that the U.S. job market remains weak and that it is too soon for the Federal Reserve to end its extraordinary stimulus programs.

West Memphis Gets $11M Grant for Port

by Associated Press 5/22/2013 11:32 am

West Memphis is to receive a $10.9 million grant to expand the city's port. The grant from the U.S. Transportation Department will go toward rail improvements.

Former Michigan Gov. Jennifer Granholm to Headline Jefferson-Jackson Dinner

by Associated Press 5/22/2013 09:27 am

Former Michigan Gov. Jennifer Granholm will be the headline speaker at the Democratic Party of Arkansas' annual Jefferson-Jackson Dinner this year.

HomeDx Places Second, Wins Pitch Contest at Tri-State Governor's Cup

by Mark Carter 5/22/2013 09:05 am

University of Arkansas startup HomeDx won the elevator pitch portion and finished second overall in the graduate-level division of the 2013 Donald W. Reynolds Tri-State Governor's Cup business-plan competition Tuesday in Las Vegas.

Arkansas Treasurer Martha Shoffner Resigns Amid Charges She Took Cash

by Andrew DeMillo, The Associated Press 5/21/2013 05:21 pm

Arkansas' state treasurer has resigned after federal prosecutors accused her of taking cash payments from a broker who handled a large amount of the state's investment portfolio.

Wal-Mart Pledges $1M, Other Resources for Moore Tornado Recovery

by Associated Press 5/21/2013 04:00 pm

Wal-Mart Stores Inc. says it is pledging $1 million for the recovery from the tornado that devastated Moore. The company said Tuesday that it will make donations of cash and materials equal to $1 million.

Donald Bobbitt Recommends UA Schools Opt Out of Gun Law

by Associated Press 5/21/2013 03:03 pm

The president of the University of Arkansas system is recommending its 11 campuses opt out of a law allowing faculty and staff to carry concealed handguns on campus.

Arkansas Best CEO Says Agreement With Teamsters Will Help 'Restore Profitability'

by Chris Bahn 5/21/2013 10:47 am

Arkansas Best Corp. has seen a 68 percent increase in its share price since reaching a tentative agreement with the Teamsters, President and CEO Judy R. McReynolds tells shareholders during the company's annual meeting.

Arkansas Times: Sources Say Martha Shoffner Source Is Steele Stephens

by Lance Turner 5/21/2013 10:27 am

Last night on THV 11 News, Arkansas Business editor Gwen Moritz told our news partner that "confidential human source 1" in the criminal complaint against Arkansas Treasurer Martha Shoffner could really only be one person, broker Steele Stephens.

House GOP Leader Bruce Westerman Calls for Martha Shoffner's Removal

by Andrew DeMillo, The Associated Press 5/21/2013 10:06 am

The top Republican in the Arkansas House is calling on the governor to begin the process to remove state Treasurer Martha Shoffner over federal charges she accepted cash from an investment broker. Bruce Westerman asked Gov. Mike Beebe to convene lawmakers to remove Shoffner.

USA Truck Board Votes to Keep Robert Peiser as Chairman

by Lance Turner 5/21/2013 09:37 am

Robert A. Peiser, the USA Truck Inc. board chairman who submitted a conditional resignation last week, will remain chairman after the board voted unanimously to reject that resignation.

Shares of Dillard's Close Again at Record High

by Mark Friedman 5/21/2013 09:28 am

Dillard's Inc. of Little Rock broke its own all-time record high on Monday when its share price closed at $92.18 on Monday. The high share price comes on the heels of Dillard's annual shareholders' meeting on Saturday.

Remington Plans $32 Million Expansion of Lonoke Ammunition Plant

by Gwen Moritz 5/21/2013 09:17 am

With no fanfare, Remington Arms Co. of Madison, N.C., announced earlier this month a $32 million expansion to its ammunition plant at Lonoke.

Wal-Mart Told to Provide More Info in Bribe Case

by Associated Press 5/21/2013 07:40 am

A judge orders attorneys for Wal-Mart to turn over more information to shareholders seeking records on how the company responded to allegations of bribery.

Arrested Arkansas Treasurer Martha Shoffner Says She Won't Resign

by Associated Press 5/20/2013 01:05 pm

Arkansas Treasurer Martha Shoffner says she doesn't intend to resign after a criminal complaint accused her of accepting cash from a broker who managed state funds.

Update: Complaint Says Martha Shoffner Accepted $6,000 Payment from Broker

by Gwen Moritz and Lance Turner 5/20/2013 01:04 pm

A criminal complaint alleges that Arkansas Treasurer Martha Shoffner accepted a $6,000 payment from a cooperating witness working for the FBI.

Democrats, Republicans Say Martha Shoffner Should Resign

by Associated Press 5/20/2013 11:46 am

Arkansas' attorney general and the head of the state Republican Party say Treasurer Martha Shoffner should resign after she allegedly took cash payments from a broker who invested state money.

Wal-Mart Pushes for More Arkansas Product Makers

by Chuck Bartels, The Associated Press 5/20/2013 11:45 am

Wal-Mart Stores Inc. of Bentonville is making a push to sell more U.S.-made goods and part of that effort includes promoting products made in Arkansas.

Windstream to Provide Data, Voice for Federal Government in 8 States

by Luke Jones 5/20/2013 10:32 am

Windstream Corp. of Little Rock says it has awarded a 10-year, multimillion-dollar contract to provide data and voice services to the General Services Administration's Region 4.