Today's News

Stocks Say 'Nevermind'; Reverse Recent Losses as Banks Jump

by Associated Press 9/30/2016 04:10 pm

U.S. stocks climbed Friday as banks made a rapid recovery following a steep fall a day ago. Investors hoped Deutsche Bank and the financial system in general were in better shape than they had feared.

Third Walnut Ridge Defendant Gets Shorter Sentence, Co-Conspirators May Benefit

by Gwen Moritz 9/30/2016 04:06 pm

Sharp-eyed lawyering resulted in a shorter prison term for Peggy Sutton, the last of three defendants to be sentenced for stealing almost $4 million from First National Bank of Lawrence County, and it could bode well for her co-conspirators.

Group Asks State Supreme Court to Dismiss Challenge to Liability Proposal

by Associated Press 9/30/2016 03:55 pm

Supporters of a ballot measure that would place limits on damages in medical lawsuits have asked Arkansas' highest court to dismiss one of two efforts to remove it from the November ballot.

Arkansas Sets Panel to Review Quality in Buffalo Watershed

by Associated Press 9/30/2016 12:32 pm

Gov. Asa Hutchinson wants the heads of five state agencies to review water quality issues within the watershed of the Buffalo National River and make sure Arkansas has a means to preserve and protect it.

Bank of the Ozarks Contributes to Statewide Deposit Growth

by Gwen Moritz 9/30/2016 10:11 am

Arkansas bank deposits topped $60 billion as of June 30, and Bank of the Ozarks alone accounted for more than $2 billion of $4.28 billion in new deposits.

Talks Between Amfuel, Union Help Keep Most Magnolia Employees Through 2017

by Sarah Campbell 9/30/2016 10:00 am

American Fuel Cell & Coated Fabrics Co. of Magnolia says "a substantial portion of the workforce will remain employed" until November 2017 and "potentially beyond."

USDA Names 12 Arkansas Counties as Natural Disaster Areas

by Associated Press 9/30/2016 07:28 am

The U.S. Department of Agriculture has designated 12 Arkansas counties as natural disaster areas due to losses caused by heavy rain, flooding and high winds Since April 1.

Update: Brenda Montgomery Gets 57 Months in Prison for Lawrence County Bank Theft

by Gwen Moritz 9/29/2016 04:17 pm

Brenda Montgomery was sentenced to 57 months in federal prison and three years of supervised release for her part in stealing nearly $4 million from First National Bank of Lawrence County, where she was a teller.

Federal Judge Blocks Arkansas Planned Parenthood Defunding

by Andrew DeMillo, The Associated Press 9/29/2016 04:08 pm

A federal judge has temporarily blocked Arkansas from prohibiting Medicaid payments for Planned Parenthood patients, expanding her order that forced the state to continue paying for three patients.

Tyson Fresh Meats Takes On $27M Plant Expansion in Iowa

by Arkansas Business Staff 9/29/2016 03:56 pm

Tyson Fresh Meats Inc. is investing $27 million to expand production capacity at its case-ready beef and pork plant in Council Bluffs, Iowa.

New Nursing Home Standards Preserve Patients' Right to Sue

by Associated Press 9/29/2016 01:31 pm

The Obama administration is issuing new nursing home standards that reverse a longstanding industry practice and preserve the rights of patients to sue in cases of abuse or neglect.

Colony West Shopping Center Sells for $7.1M

by Alexis Hosticka 9/29/2016 01:20 pm

Sage Partners announces the purchase of the Colony West Shopping Center in Little Rock for $7.1 million.

Little Rock TEDx Event to Focus on 'New Beginnings'

by Arkansas Business Staff 9/29/2016 10:55 am

A TEDx event on Friday in Little Rock will feature 13 speakers from a variety of professions and industries.

US Economy Grew at 1.4 Percent Rate in Spring

by Associated Press 9/29/2016 10:26 am

The U.S. economy expanded at a slightly faster pace in the spring than previously reported, aided by new-found strength in business construction.

$14M Donation to Help Arkansas, Texas Water and Forests

by Associated Press 9/29/2016 10:25 am

The Nature Conservancy and BHP Billiton say a donation from the company will help improve water quality in Arkansas and aid conservation efforts near Houston.

US Pending Home Sales Slump in August

by Associated Press 9/29/2016 10:24 am

Fewer Americans signed contracts to buy homes in August, as a shortage of properties for sale is weighing on the market.

Report: All Signatures for Lawsuits Measure Could Be Tossed

by Andrew DeMillo, The Associated Press 9/28/2016 12:31 pm

A judge appointed to review petitions for a ballot measure limiting medical lawsuit damages says all the signatures submitted for the proposal could be tossed if justices find the campaign didn't follow the law about canvasser background checks.

Business Opponents Say Legalizing Medical Marijuana Unsafe, Would Drive Away Jobs

by Sarah Campbell 9/28/2016 12:16 pm

Gov. Asa Hutchinson, Lt. Gov. Tim Griffin and four business leaders speak against two proposals that would legalize marijuana use by those with certain medical conditions.

Burgundy Book: Wages Increasing, Unemployment Declining

by Alexis Hosticka 9/28/2016 10:24 am

The unemployment rate in the Little Rock zone averaged 3.8 percent in the second quarter, its lowest rate on record, according to the latest Little Rock Burgundy Book.

Sources: Wal-Mart In Talks to Buy Stake in India's Flipkart

by Reuters 9/28/2016 09:31 am

Wal-Mart Stores Inc. is in talks to buy a minority stake in India's largest e-commerce firm Flipkart, two sources familiar with the matter said.