Today's News

Here's Gov. Mike Beebe's Official Portrait

by Andrew DeMillo, The Associated Press 12/19/2014 02:02 pm

After more than three decades in elected office, outgoing Gov. Mike Beebe is already considered a fixture at the Arkansas state Capitol. Now he's made it official.

First Arkansas Bank Wins $14.5M Default Judgment Against John Rogers

by George Waldon 12/19/2014 11:57 am

First Arkansas Bank & Trust of Jacksonville landed a $14.5 million default judgment against fallen sports memorabilia and photo archivist mogul John Rogers, who missed payments on three loans in May. Rogers did not appear at the Friday morning's hearing.

Enrique Ostalé Named CEO of Wal-Mart in Central America

by Arkansas Business Staff 12/19/2014 10:42 am

Wal-Mart Stores Inc. of Bentonville said Friday that Enrique Ostalé will be president and CEO of Walmart de México y Centroamérica, replacing Scot Rank, who is leaving the company.

Arkansas Jobless Rate Down to 5.8 Percent in November

by Mark Carter 12/19/2014 09:38 am

The unemployment Rate in Arkansas fell to 5.8 percent in November, down from 6.1 percent in October. The 5.8 jobless rate matches the U.S. rate, which remained stable between October and November.

Deltic Timber Board OKs Expansion of Common Stock Repurchase Program

by Arkansas Business Staff 12/19/2014 08:45 am

Deltic Timber Corporation of El Dorado announced Thursday that its board has authorized the expansion of Deltic's common stock repurchase program by $25 million.

ArcBest Names New CFO, Adds Innovation Role

by Mark Carter 12/19/2014 08:16 am

ArcBest Corp. names David Cobb CFO effective Jan. 1, and previous CFO Michael Newcity becomes chief innovation officer and president of subsidiary ArcBest Technologies.

TiFiber Sanitizer Plant Set for Fort Smith

by Associated Press 12/19/2014 07:48 am

A company that makes a key component of sanitizers says it will build a pilot production facility in Fort Smith and eventually put its company headquarters there.

Arkansas Closing 28 Miles of Lanes Over Holiday

by Associated Press 12/19/2014 07:46 am

Travelers will come across 28 miles of lane closures on major Arkansas roads during the upcoming holiday season.

Tim Griffin Names 2 to Staff Lieutenant Governor's Office

by Arkansas Business Staff 12/18/2014 03:54 pm

Lt. Gov.-elect Tim Griffin on Thursday named the two people who will staff his office.

With China Venture in Rearview Mirror, Mark McLarty Turns Efforts Home

by Lee Hogan 12/18/2014 02:28 pm

In 2013, China became the first country to sell more than 20 million vehicles in a year. But when Mark McLarty got there in 2004, it wasn't the world's leader in auto sales — it was a new frontier.

Krispy Kreme Opens in Conway, Plans Pastries 'Round the Clock

by Lee Hogan 12/18/2014 01:49 pm

Krispy Kreme Doughnuts has officially opened in Conway, and its owner is expecting big demand for its doughnuts.

Arkansas Grand Jury Indicts 3 for Trying to Steal USDA Money

by Mark Friedman 12/18/2014 01:06 pm

Three people, including two state Department of Human Services workers, were indicted Thursday as part of a scheme to steal federal Department of Agriculture money.

Brad Phelps Promoted to University Counsel for ASU System

by Arkansas Business Staff 12/18/2014 12:59 pm

Brad Phelps has been promoted to the position of university counsel for the Arkansas State University System. The move is effective Jan. 1.

Pay Panel: No Salary Recommendations In First Review

by Associated Press 12/18/2014 12:57 pm

Members of a newly formed panel say they're unlikely to say whether Arkansas' elected officials deserve a pay raise in an initial review that's due in less than two months.

Julie Bates Promoted to Executive VP at ASU System

by Arkansas Business Staff 12/18/2014 12:40 pm

Julie Bates has been promoted to executive vice president for the Arkansas State University System. The move is effective Jan. 1.

Former Ouachita County Judge Mike Hesterly Sentenced to 33 Months

by Arkansas Business Staff 12/18/2014 12:17 pm

Former Ouachita County Judge Mike Hesterly was sentenced Tuesday to 33 months in prison and one year of supervised released for one count of bribery related to a federal disaster relief contract.

Apple CEO Tim Cook Donating to Gay Rights Campaign in Arkansas, Alabama, Mississippi

by Associated Press 12/18/2014 11:41 am

Apple chief executive Tim Cook, the first openly gay CEO of a Fortune 500 company, is donating money to help fund a gay rights initiative in his native Alabama and two other Southern states, organizers said Thursday.

Venture Center, Tech Park Offices to Move Into Block 2 Building

by Mark Carter 12/18/2014 10:50 am

Leaders of the Arkansas Venture Center and the Little Rock Technology Park will set up offices in the former ARK Challenge space on the ground floor of the Block 2 building in the 100 block of East Markham in downtown Little Rock.

Batesville Votes to Form Police Department

by Associated Press 12/18/2014 10:26 am

Elected officials in a northeast Arkansas town have voted to create a police department after more than 20 years without one.

State of the Art Exhibit Draws Record Crowds to Crystal Bridges

by Jan Cottingham 12/18/2014 10:04 am

The State of the Art exhibition at Crystal Bridges Museum of American Art has become the best attended exhibition in the Bentonville museum's three-year history.