Today's News

Today's Bank Named Receiver for Undercapitalized Allied Bank

by Gwen Moritz 9/23/2016 07:17 pm

State and federal bank regulators on Friday named Today's Bank of Huntsville as receiver for Allied Bank, the Mulberry bank whose parent company, Acme Holding Co., is in Chapter 7 bankruptcy.

Eldridge Begins Airing TV Ads in Arkansas Senate Bid

by Associated Press 9/23/2016 04:02 pm

Democratic challenger Conner Eldridge has launched the first television ads of his uphill fight to unseat Republican U.S. Sen. John Boozman in Arkansas, with a pair of spots that accuse the incumbent lawmaker of having a lackluster record in Washington.

$3M Gift To Provide Outdoor Space at Arkansas Children's Northwest

by Arkansas Business Staff 9/23/2016 03:28 pm

The Walton Family Foundation has donated $3 million toward a 37-acre wellness campus, including an outdoor labyrinth and nature trail, at Arkansas Children's Northwest.

Wal-Mart Awards $3.7M in Bonuses to Arkansas Associates

by Arkansas Business Staff 9/23/2016 10:46 am

Wal-Mart announced on Wednesday that it had recently awarded $3.7 million in second-quarter cash bonuses to 21,400 hourly associates in Arkansas.

Lecheek Nutrition Investing $6.7M, Will Create 100 Jobs

by Arkansas Business Staff 9/23/2016 10:46 am

Lecheek Nutrition is investing $6.7 million in a new facility that will expand its operations in Harrison and add 100 new jobs.

Arkansas Advanced Energy Association Names Katie Laning Niebaum Director

by Arkansas Business Staff 9/23/2016 10:33 am

Katie Laning Niebaum is appointed executive director of the Arkansas Advanced Energy Association and its educational affiliate, the Arkansas Advanced Energy Foundation.

Alumna Gives $1M to Support SAU Engineering Program

by Associated Press 9/23/2016 10:28 am

Southern Arkansas University has received more than $1 million to support its new engineering program.

Developer Brandon Woodrome Pleads Guilty to Fraud

by Arkansas Business Staff 9/22/2016 04:31 pm

Brandon Woodrome, a northwest Arkansas real estate developer, pleads guilty to one count each of bank fraud and wire fraud.

William Rockefeller, Samar Ali Join Winrock International Board

by Arkansas Business Staff 9/22/2016 02:35 pm

Winrock International of Arkansas announced on Thursday the appointments of Samar Ali and William Rockefeller to its board of directors.

Arkansas State Chamber of Commerce Opposing Casinos Measure

by Associated Press 9/22/2016 01:17 pm

The Arkansas State Chamber of Commerce says it's opposing a ballot measure that would legalize casinos in three counties.

United Federal Credit Union Wins Top Honor at Best Places to Work Awards

by Arkansas Business Staff 9/22/2016 11:35 am

Arkansas Business and the Best Companies Group honors 29 Arkansas companies with "Best Places to Work" awards, which honor firms that have exceptional workplace environments.

Arkansas Court Rejects Challenge to Medical Marijuana Plan

by Andrew DeMillo, The Associated Press 9/22/2016 10:34 am

The Arkansas Supreme Court has rejected one of two efforts to block a medical marijuana proposal from the November ballot.

Little Rock Airport Gets $5.9M Grant for Improvements

by Arkansas Business Staff 9/22/2016 10:33 am

The Federal Aviation Administration is awarding a $5.9 million grant to the Bill and Hillary Clinton National Airport in Little Rock to rehabilitate the taxiway at Adams Field.

UA Earns Record $101.7M in Research Funding

by Arkansas Business Staff 9/22/2016 10:08 am

The University of Arkansas says it received $101.7 million in research — the highest level in the university's history and 27 percent more than it got in 2015 — for the fiscal year that ended June 30.

Wal-Mart to Face Class Action Over Alleged Bribery in Mexico

by Associated Press 9/22/2016 09:41 am

A U.S. judge is granting class action status to Wal-Mart investors suing the world's largest retailer over allegations that it covered up a bribery scheme in Mexico. The allegations included that Wal-Mart's Mexican unit paid millions of dollars in bribes to speed building permits and gain other favors.

Appeals Panel Weighs Arkansas Planned Parenthood Case

by Associated Press 9/22/2016 06:54 am

A federal appeals panel is considering whether to uphold or strike down a judge's decision to temporarily block Arkansas from cutting off Medicaid payments for three Planned Parenthood patients.

Fed Keeps Key Rate Unchanged But Hints of Coming Hike

by Associated Press 9/21/2016 02:11 pm

The Federal Reserve is keeping its key interest rate unchanged but signaling that it will likely raise rates before year's end.

NIH Gives UAMS $42M to Oversee Pediatric Clinical Trial Network

by Arkansas Business Staff 9/21/2016 11:27 am

The National Institutes of Health awards UAMS a $41.8 million grant to oversee a pediatric clinical trial network.

McLarty Automotive Plans $10M Dealership in Benton

by Arkansas Business Staff 9/21/2016 11:17 am

McLarty Automotive Group on Wednesday announces plans to build a new, 30,000-SF McLarty Nissan dealership off Interstate 30 in Benton.

Former Arkansas Gov. Mike Beebe Opposes Casinos Measure

by Associated Press 9/21/2016 11:06 am

Former Arkansas Gov. Mike Beebe is opposing a ballot measure that would legalize casinos in three counties. He said a statewide vote on the issue would run counter to the state's tradition of allowing local communities to decide whether to allow liquor sales.