Today's News

ArcBest Increases Dividend; ABF Freight Raises Rates

by Arkansas Business Staff 10/24/2014 03:46 pm

The board of directors of ArcBest Corp. of Fort Smith says the company is increasing its quarterly cash dividend from 3 cents per share to 6 cents per share.

Turner Grain Merchandising Files $25M Bankruptcy

by Mark Friedman 10/24/2014 02:09 pm

Turner Grain Merchandising Inc. of Brinkley filed for Chapter 11 bankruptcy protection Thursday, listing $24.8 million in debts and $13.8 million in assets — the same amounts listed in a draft of the bankruptcy filed Oct. 14. Turner's filing lists $23.8 million of creditors holding unsecured claims.

Communities Pitch for New Arkansas Prison

by Associated Press 10/24/2014 02:02 pm

Several Arkansas cities and counties have submitted proposals to host a proposed $100 million prison that would house maximum-security inmates in the state.

Turner Grain Collapse Prompts Legislation

by Mark Friedman 10/24/2014 02:00 pm

The Arkansas Agriculture Department is working on legislation to prevent companies like Turner Grain Merchandising Inc. of Brinkley from suffering similar collapses that cost farmers millions of dollars.

Home BancShares Completes Purchase of Broward Financial

by Lee Hogan 10/24/2014 11:19 am

Home BancShares Inc. of Conway, the parent company of Centennial Bank of Conway, announced Thursday the completion of its acquisition of Broward Financial Holdings Inc.

The Interesting Battle over Alcohol in Arkansas

by Lee Hogan 10/24/2014 11:01 am

The Los Angeles Times offers a look at the battle being waged over Arkansas' alcohol amendment that, if approved, would make the entire state wet, and the inconceivable allies it has formed.

US New-Home Sales Close to Flat in September

by Associated Press 10/24/2014 10:58 am

U.S. sales of new homes were nearly flat in September, after the government sharply revised downward what was initially an August surge in buying.

Womack Faces Easy Path in House Re-Election Bid

by Associated Press 10/24/2014 10:51 am

With no Democratic rival on the ballot and facing only a third-party candidate who's says he's running a "zero dollar" campaign, Republican U.S. Rep. Steve Womack has an easy path to a third term representing northwest Arkansas in Congress next year.

Arkansans Have Endured 80k Political Ads Worth $33.1M

by Lee Hogan 10/24/2014 09:46 am

According to extensive research by The Center for Public Integrity, Arkansans have been inundated with $33.1 million worth of television ads this election season.

Interim Director for Arkansas Prisons Named

by Associated Press 10/24/2014 07:33 am

The Arkansas Board of Corrections has selected former Department of Correction director Larry Norris to serve as interim director when the current director retires.

Comcast Wins More Internet Customers, Ad Sales Up

by Associated Press 10/23/2014 11:29 am

Comcast Corp.'s third-quarter net income jumped 50 percent in the third quarter, helped by a one-time tax settlement, growth in Internet subscribers and fewer defectors from its cable service.

Arkansas Gay Marriage to Hit 2 Courts on Same Day

by Associated Press 10/23/2014 11:24 am

Arkansas' highest court will hear oral arguments in a case challenging the state's gay marriage ban on the same day a federal judge takes up a separate case over the prohibition.

Performance, Not Academics, Drive Incentives for SEC Football Coaches

by Lee Hogan 10/23/2014 11:05 am

Football coaches in the Southeastern Conference rake in mounds and mounds of cash for performance incentives, but rarely see much for the academic success of their teams.

Crye-Leike Adopts New Safety Rules After Beverly Carter Death

by Lance Turner 10/23/2014 10:18 am

The death of real estate agent Beverly Carter has prompted her former employer, Crye-Leike Realtors, to adopt new safety standards for its agents.

Picasolar Receives $800k DOE Grant for Solar Efficiency

by Mark Carter 10/23/2014 10:08 am

The $800,000 DOE grant will be matched by $200,000 from Picasolar. Douglas Hutchings, CEO of both Picasolar and Silicon Solar Solutions, said the SunShot awards are the most prestigious and competitive grants a solar startup can receive.

Simmons First 3Q Earnings Up 27 Percent

by Lance Turner 10/23/2014 08:57 am

Simmons First National Corp. of Pine Bluff reports third-quarter earnings of $8.8 million, or 52 cents per share, up 27 percent from $6.9 million, or 43 cents per share, during the same quarter last year. Simmons also reported “core earnings” of $10.7 million, up 45 percent from the same quarter last year.

Ad Spending for Ballot Measures Relatively Low

by Andrew DeMillo, The Associated Press 10/23/2014 08:29 am

Television ads opposing two ballot measures in Arkansas are getting drowned out by the blitz surrounding the U.S. Senate race and state-level matchups, according to a study released Thursday that showed relatively little spending on spots promoting initiative campaigns.

Deltic Timber 3Q Profit Sees Slight Bump

by Jan Cottingham 10/22/2014 04:56 pm

Deltic Timber Corp. of El Dorado announces an increase in net income in third-quarter 2014 to $6 million compared with $5.9 million in third-quarter 2013.

Arkansas Children's Hospital Seven-Year Campaign Raises $167M

by Arkansas Business Staff 10/22/2014 04:30 pm

Arkansas Children's Hospital launched the Century of Possibility Centennial Campaign nearly seven years ago with a goal to reach $160 million in donations. It's going to hit that goal with room, and time, to spare.

#ARPX: It's the Final Countdown (Robert Coon & Blake Rutherford On Politics)

by Robert Coon, Blake Rutherford and Lance Turner 10/22/2014 04:06 pm

With less than two weeks to go before Election Day, Arkansas Business political columnists Robert Coon and Blake Rutherford assess the recent debates, the latest polls and what to expect in the final days. Online Editor Lance Turner moderates.