Today's News

State Unemployment Unchanged at 3.6 Percent

by Arkansas Business Staff 1/18/2019 10:18 am

Arkansas' unemployment rate was 3.6 percent in December and unchanged from the previous month, according to a report released Friday by the state Department of Workforce Services.

Who Owns Dispensaries? Documents Show Who'll Sell Medical Cannabis

by Kyle Massey 1/18/2019 08:48 am

A complete list of who owns the companies in line to get licenses to operate the 32 medical marijuana dispensary sites approved by state regulators.

Walmart, CVS Health Hammer Out New PBM Pharmacy Network Deal

by Associated Press 1/18/2019 06:47 am

Walmart will continue to operate through CVS Health's pharmacy benefit management commercial and managed Medicaid retail pharmacy networks.

Bank OZK Beats Earnings Estimates in 4Q

by Arkansas Business Staff 1/17/2019 03:47 pm

Bank OZK of Little Rock announces fourth-quarter net income of $115 million, down 21 percent from the same quarter last year, when the company got a big boost from a tax reform plan approved by Congress.

J.B. Hunt Misses Analysts' 4Q Earnings Expectations

by Arkansas Business Staff 1/17/2019 03:35 pm

J.B. Hunt Transport Services Inc. of Lowell reports fourth-quarter earnings that missed analysts estimates amid a $134 million pre-tax charge related to arbitration with BNSF Railway Co.

Venture Center Names Mimi San Pedro Chief Strategy Officer

by Arkansas Business Staff 1/17/2019 03:01 pm

The Venture Center has hired Mimi San Pedro as its chief strategy officer.

Permit Spike Reflects Jonesboro's Growth Heading Into 2019

by Todd Traub 1/17/2019 02:10 pm

Propelled by a handful of large commercial projects, the number of building permits in the city nearly doubled in 2018, with the total value of residential and commercial permits coming in near $288 million.

P.A.M. Transportation Sees Strong Demand in 4Q

by Lance Turner 1/17/2019 11:10 am

P.A.M. Transportation Services Inc. of Tontitown reports fourth-quarter net income of $6.1 million, down 81 percent from the same quarter last year, amid non-cash, non-operating losses associated with company investments in equity securities.

UAMS Autism Monitoring Program Nets $2.17M Grant

by Arkansas Business Staff 1/17/2019 10:54 am

The Arkansas Autism and Developmental Disabilities Monitoring Program at the University of Arkansas for Medical Sciences recently received a four-year grant of $2.17 million from the CDC.

Home BancShares Reports $300M in 2018 Net Income, A Record

by George Waldon 1/17/2019 09:39 am

Home BancShares Inc. of Conway reports record fourth quarter earnings of $71 million.

Beer Makers, Thirsty for Growth, Push Into Cannabis Market

by Associated Press 1/17/2019 09:33 am

The makers of Budweiser, Coors and other large-scale brewers are placing their bets on cannabis as a way to fight saturated markets and shifting consumer trends.

Proposal Would Roll Back Wage Hike for Some Arkansas Workers

by Associated Press 1/16/2019 04:49 pm

Two Republican lawmakers in Arkansas are proposing exempting school employees, people under 18 and others from voter-backed increases in the state's minimum wage.

ADFA Allocates $26M to Buy Verizon Building

by Sarah Campbell-Miller 1/16/2019 03:27 pm

The Arkansas Development Finance Authority expects to close on its purchase of Verizon Building 4 at One Allied Drive in Little Rock by the end of next month.

George Dunklin Joins Board of Wetlands America Trust

by Arkansas Business Staff 1/16/2019 02:34 pm

Wetlands America Trust, the land trust arm of Ducks Unlimited, said this week that it has added George Dunklin to its board of trustees.

Arkansas State's Terry Mohajir Added to College Football Committee

by Associated Press 1/16/2019 11:25 am

Former Texas A&M coach R.C. Slocum, Arkansas State athletic director Terry Mohajir and retired Gen. Ray Odierno have been added to College Football Playoff selection committee.

Report: Job Growth, Telecom Sector Shakeup Encouraging

by Sarah Campbell-Miller 1/16/2019 11:06 am

Central Arkansas is experiencing an intense demand for workers, while its low unemployment rate — just 3 percent in September — remains a bright spot in a slow-growing regional economy, according to a Metroplan report.

Fort Smith Board Supports Sales Tax for US Marshals Museum

by Associated Press 1/16/2019 10:36 am

A city board in western Arkansas has decided to support a temporary sales tax to help finance a museum for the U.S. Marshals Service, which museum officials said will help revitalize the area.

First Bank Deal of '19: Farmers & Merchants to Acquire Integrity First

by Gwen Moritz 1/16/2019 12:05 am

When the acquisition of Integrity First Bank of Mountain Home is completed in the second quarter, Farmers & Merchants Bank of Stuttgart will grow by almost 50 percent, to $1.5 billion in assets.

Another 1,200 Dropped From Arkansas Medicaid Over Work Rule

by Associated Press 1/15/2019 05:08 pm

Arkansas officials say the number of people who have lost Medicaid coverage for not complying with a work requirement has risen to more than 18,000.

Foundation Gifts Senior Health, Education Center to UAMS

by Arkansas Business Staff 1/15/2019 01:09 pm

The Schmieding Foundation in Springdale has given the $4.85 million building that houses the Schmieding Center for Senior Health and Education in Springdale to the University of Arkansas for Medical Sciences.