Today's News

Murphy Oil 2Q Earnings Off, Production Projection Revised Downward

by Michelle Corbet 7/31/2014 11:43 am

Income from continuing operations in the second quarter was $142.7 million, or 79 cents per diluted share, on flat revenue of $1.3 billion.

Inuvo 2Q Profit Flat, Revenue Down 17 Percent

by Arkansas Business Staff 7/31/2014 10:44 am

Internet marketing and technology company Inuvo Inc. of Conway reports second-quarter net income of $382,291, or 2 cents per share, flat compared to the same quarter last year.

NERA Study: EPA Regs Would Cost Arkansas Jobs, Millions in Compliance

by Lee Hogan 7/31/2014 10:31 am

A new study conducted by NERA Economic Consulting, and commissioned by the National Association of Manufacturers, says new ozone regulations would cost Arkansas thousands of jobs per year and hundreds of millions of dollars in compliance costs.

ArcBest 2Q Profit Triples From Last Year

by Marty Cook 7/31/2014 09:45 am

ArcBest Corp. of Fort Smith reports its most profitable quarter in six years, driven by stronger performance in two of its subsidiaries, ABF Freight and Panther Premium Logistics.

USA Truck Reports First Profitable Quarter Since 2011

by Marty Cook 7/31/2014 08:59 am

USA Truck of Van Buren reported its first profitable quarter since 2011 on Thursday, bringing in net income of $700,000, or 7 cents per share. The profit came even after a tough first half of the year marked by hard winter weather and a driver shortage that continues to dog the industry.

Rick Crawford Among 5 to Oppose VA Overhaul Measure

by Andrew DeMillo, The Associated Press 7/31/2014 07:39 am

Republican U.S. Rep. Rick Crawford was among five House members Wednesday to oppose a measure to overhaul the Veterans Affairs Department and improve veterans' health care, a vote that drew immediate criticism from his Democratic challenger.

Updated: Southwest Times Record Lays Off 37 In Printing Move

by Michelle Corbet 7/30/2014 11:30 am

The Southwest Times Record of Fort Smith says 37 employees will be laid off when its owner, Stephens Media, moves printing and mailroom operations for the daily paper and six weeklies to Springdale and Lowell.

Zilkha Biomass Announces $90M Facility, 52 Jobs in Monticello

by Lee Hogan 7/30/2014 10:10 am

Zilkha Biomass Energy plans to build a $90 million facility in Monticello that will create 52 jobs. Zilkha says it will make its Zilkha Black Pellet, the first commercially available pellet in the industry, at the Monticello factory.

Two Races and Our Political Future (Blake Rutherford On Politics)

by Blake Rutherford 7/30/2014 09:58 am

Political races for Senate and Governor in Arkansas have the potential to redefine the political landscape in Arkansas for many years to come, and the outcomes will have far-reaching implications for the state's economic, social and political future.

Home BancShares Announces Purchase of Another Florida Bank

by Gwen Moritz 7/30/2014 08:51 am

The parent company of Centennial Bank of Conway will pay between $33 million and $33.9 million in cash and stock for Broward Financial Holdings Inc.

Superior Industries to Close Plant in Rogers, Leave 500 Out of Work

by Lance Turner 7/30/2014 08:24 am

Superior Industries International, which makes aluminum wheels for automobiles, says it will close its manufacturing plant in Rogers, leaving 500 people out of work.

Revised Data: US Grew Faster in 2nd Half of 2013

by Associated Press 7/30/2014 07:43 am

Fueled by healthier consumer spending, the U.S. economy grew in the second half of last year at the strongest pace in a decade and more than previously estimated, new government data show.

US Economy Grew at Strong 4 Percent Rate in Spring

by Associated Press 7/30/2014 07:42 am

After a dismal winter, the U.S. economy sprang back to life in the April-June quarter, growing at a fast 4 percent annual rate on the strength of higher consumer and business spending.

Reports: Wal-Mart Nabs Another Shopping App, Luvocracy

by Lance Turner 7/29/2014 11:25 am

@WalmartLabs, part of Wal-Mart Stores Inc.'s social media division, has acquired another shopping app, Luvocracy. Wal-Mart hasn't disclosed terms of the deal. Founded in 2011, Luvocracy has since been surpassed by Pinterest, another social shopping platform.

For First Time, Jimmy Dean Moves Beyond Breakfast

by Associated Press 7/29/2014 10:07 am

Jimmy Dean, the sausage brand started by the late country singer, has become a breakfast staple. Now the brand, owned by Hillshire, is hoping its new bowls and sandwiches can lure eaters at other meals.

Madison County Voters to Weigh Sales Tax Increase

by Associated Press 7/29/2014 09:14 am

Madison County voters will get to decide whether to increase the sales tax by a penny to help fund the county jail and other needs.

Windstream to Spin Off Some Assets Into Publicly Traded REIT

by Lance Turner 7/29/2014 06:32 am

Windstream Holdings Corp. of Little Rock says it will spin off certain assets, including its fiber and copper network, into a publicly traded real estate investment trust, a move that will lower its debt by $3.2 billion.

Crystal Bridges Names New Curators

by Jan Cottingham 7/28/2014 02:05 pm

Crystal Bridges Museum of American Art has announced the promotion of two staff members to curator and the hiring of a third curator. Manuela Well-Off-Man and Chad Alligood, assistant curators at the Bentonville museum, have been promoted, and Mindy Besaw, curator of the Buffalo Bill Center of the West's Whitney Western Art Museum in Cody, Wyoming, will join the museum in the fall.

P.A.M. Transportation Net Income Up 81 Percent

by Arkansas Business Staff 7/28/2014 11:42 am

P.A.M. Transportation Services Inc. of Tontitown reports second-quarter earnings of $4.9 million, up 81 percent from $2.7 million in the same quarter last year.

Arkansas Attorney General Asks to Help Defend Drilling Tax Break

by Associated Press 7/28/2014 10:32 am

Attorney General Dustin McDaniel wants to defend in court a $5 million tax break the Legislature gave the natural gas industry after the state's top finance official said the exemption was unconstitutional.