Today's News

Arkansas House Candidate Fined for Failing to File Report

by Associated Press 11/25/2015 12:03 pm

The Arkansas Ethics Commission has fined and issued a letter of caution to a Libertarian candidate for the state House after investigating a complaint that he did not file a closing campaign finance report with the state.

RPD Catalyst Buys 46 Units at Chenal Woods in Little Rock

by Arkansas Business Staff 11/25/2015 11:21 am

RPD Catalyst LLC of Los Angeles, a privately owned real estate investment company, said this week that it had purchased 46 units at Chenal Woods, a luxury condominium project in west Little Rock.

More Optimism Among Middle Class Buoys US Consumer Sentiment

by Associated Press 11/25/2015 10:55 am

Americans were more optimistic about their incomes and personal finances this month, particularly among lower and middle-class households, lifting consumers' outlook.

Update: Tech Park, Richard Mays Settle on Price

by Mark Carter 11/25/2015 10:37 am

The board will pay Mays $1.037 million for the 10,000-SF property, with both sides agreeing to drop law suits. It met late Tuesday afternoon and voted to extend the offer which Mays accepted.

Developer Eyes New Retail, Loft Apartments for Argenta

by Alexis Hosticka 11/25/2015 07:00 am

A developer is planning space for three new retailers and new upscale loft apartments in the 700 block of Main Street in downtown North Little Rock.

Arkansas Health Task Force Nearing Recommendations

by Claudia Lauer, The Associated Press 11/24/2015 12:42 pm

A legislative task force looking at the future of Arkansas' hybrid Medicaid program is nearing a deadline for recommendations.

Gary Rickenbach Offers Conditional Guilty Plea in One Bank Case

by Gwen Moritz 11/24/2015 11:37 am

Gary Rickenbach, the former senior executive vice president of One Bank & Trust of Little Rock, offered a conditional guilty plea in federal court provided the judge agrees to sentence him to two years of probation.

Update: Scott Inman to Leave KATV in Early 2016, Join GenWealth

by Mark Carter 11/24/2015 10:19 am

Scott Inman, the lead news anchor for KATV-TV, Channel 7, in Little Rock, will leave the ABC affiliate in early 2016 and join GenWealth Financial Advisors as director of business development.

Frank, Judy Fletcher Give UA $600K for Entrepreneurial Course

by Arkansas Business Staff 11/24/2015 09:30 am

University of Arkansas alumnus Frank Fletcher and his wife, Judy, are providing $600,000 to establish the Frank and Judy Fletcher SAKE Fund in the Sam M. Walton College of Business.

Survey: Arkansans Optimistic About Personal Finance, Buying Conditions

by Arkansas Business Staff 11/24/2015 09:00 am

Arkansans remain optimistic, slightly less so than in March, about their personal financial situations, according to the second phase of the Fall 2015 Arvest Consumer Sentiment Survey released Tuesday.

Noranda Laying Off 38 at Newport Aluminum Plant

by Alexis Hosticka 11/24/2015 08:50 am

Noranda says it will lay off 38 employees at its Newport plant on or around Dec. 3.

US Economy Grew at 2.1 Percent Rate in 3Q

by Associated Press 11/24/2015 08:33 am

The U.S. economy grew at a slightly faster rate in the summer than previously reported, mainly because businesses restocked their goods at a stronger pace than first thought.

Jury Convicts Oklahoma Man for Defrauding Broyles Foundation

by Associated Press 11/24/2015 08:31 am

A federal jury has convicted an Oklahoma man for defrauding the charitable foundation run by former Arkansas athletic director Frank Broyles.

Simmons First Unveils Plan to Move Pine Bluff Forward

by Mark Carter 11/23/2015 05:03 pm

Simmons First National Corp. is leading a coalition of civic, business and government leaders in Pine Bluff in an initiative called "Go Forward Pine Bluff" designed to invigorate the city and grow its tax base. The bank will fund the effort through its Simmons First Foundation.

Sun Paper, Hutchinson Sign Intent Letter to Study $1.4B South Arkansas Plant

by Lance Turner 11/23/2015 11:23 am

A long-planned paper plant in south Arkansas has taken another step forward. Shandong Sun Paper Industry on Monday signed a letter of intent with Gov. Asa Hutchinson and the Arkansas Economic Development Commission to study building a $1.4 billion pulp mill in the area.

Wal-Mart Pulls Cyber Monday Forward to Sunday, Record Industry Sales Expected

by Nathan Layne, Reuters 11/23/2015 07:38 am

Wal-Mart Stores Inc. of Bentonville has decided that Cyber Monday, the biggest online shopping day of the year, should not start on a Monday anymore.

Analysis: Wal-Mart Scrimps on Hiring As Store Space Grew Rapidly

by Nathan Layne, Reuters 11/23/2015 07:34 am

Wal-Mart has been dogged by criticism of the standard of its stores in recent years, including long checkout lines and insufficient stocking of its shelves. A Reuters analysis of the giant discount retailer's growth and its employee numbers may help explain why

Tyson Foods 4Q Net Income Up 88 Percent

by Lance Turner and Mark Carter 11/23/2015 07:17 am

Tyson Foods Inc. of Springdale on Monday reported an 88 percent increase in a key measure of profit as its prepared foods and chicken segments continued to show growth.

Arkansas Has Mixed History on Welcoming Refugees (Andrew DeMillo Analysis)

by Andrew DeMillo, The Associated Press 11/23/2015 07:09 am

Gov. Asa Hutchinson's opposition to locating any Syrian refugees in Arkansas is the latest chapter in the state's mixed history on welcoming those who have been displaced by war, natural disaster and other upheavals.

BHL Makes Claim Against OneFinancial on Maumelle Office Building

by Arkansas Business Staff 11/23/2015 12:00 am

Johnelle Hunt, through BHL Financing LLC, filed a lien on the Parker Building in Maumelle in connection with a default judgment of $14.7 million against OneFinancial, the holding company of One Bank & Trust.