Today's News

Wal-Mart's Japan Stores, Seiyu, Will Close 30 Stores

by Associated Press 10/30/2014 02:38 pm

Wal-Mart says its Japanese unit Seiyu plans to close 30 underperforming stores.

Tech Park Has $522M Impact, UA Study Finds

by Arkansas Business Staff 10/30/2014 10:34 am

The Arkansas Research & Technology Park has had an economic impact of more than a half-billion dollars since it was opened 10 years ago, according to a new economic impact analysis released Thursday by the Center for Business and Economic Research at the University of Arkansas.

Dina Wood Named Senior Director of Development for UAMS Northwest

by Arkansas Business Staff 10/30/2014 10:30 am

Wood moves to UAMS Northwest from Crystal Bridges Museum of American Art in Bentonville, where she served as director of development. Previously, she spent 11 years in university advancement at the University of Arkansas, Fayetteville.

Tom Cotton, Asa Hutchinson Lead Big in Arkansas Poll

by Lee Hogan 10/30/2014 10:22 am

Republican candidates for U.S. Senate and governor led their Democratic opponents by double digits in a poll released Thursday by the University of Arkansas.

Wal-Mart Tests Matching Prices With Online Rivals

by Associated Press 10/30/2014 09:59 am

Wal-Mart Stores Inc. is considering matching online prices from competitors like Amazon.com, raising the stakes for the holiday shopping season.

US Economy Grew at 3.5 Percent Rate in 3Q

by Associated Press 10/30/2014 09:14 am

The U.S. economy grew at a solid annual rate of 3.5 percent in the July-September quarter, propelled by solid gains in business investment, export sales and the biggest jump in military spending in five years.

Cleared for Ballot, Wage Hike Faces Easy Path

by Andrew DeMillo, The Associated Press 10/30/2014 09:10 am

The Arkansas Supreme Court's decision to keep a minimum wage hike on the ballot removes the last major hurdle for a proposal that is gaining bipartisan support and faces no organized opposition as Election Day nears.

Murphy Profit Slips Amid Falling Oil Prices

by Lance Turner 10/30/2014 09:07 am

Murphy Oil Corp. of El Dorado reports a decline in third-quarter profit as oil prices fell amid weaker demand. The company reported quarterly net income of $245.7 million or $1.37 per share, down about 14 percent from $284.8 million or $1.51 per share in the same quarter last year. Results beat analysts' expectations.

Simmons Foods to Close Northeast Oklahoma Poultry Plant

by Associated Press 10/30/2014 07:39 am

An Arkansas-based poultry company has announced plans to close its processing plant in northeastern Oklahoma.

Temporary Hold Placed on Arkansas Hog Farm Permits

by Associated Press 10/29/2014 04:28 pm

Officials have put another temporary hold on new permits for hog farms near the Buffalo National River in northern Arkansas.

#ARPX: What to Watch on Election Day (Robert Coon & Blake Rutherford On Politics)

by Robert Coon, Blake Rutherford and Lance Turner 10/29/2014 04:01 pm

It's the penultimate Arkansas Business #ARPX column of 2014! Before next week's post-election wrap-up, we've once again asked Robert Coon and Blake Rutherford to weigh in on what we've seen — and will seen — in these final days of the midterm campaign.

Fed Keeps Rate at Record Low, Ends Bond Buying

by Associated Press 10/29/2014 02:33 pm

The Federal Reserve plans to keep a key interest rate at a record low. It's also ending a bond purchase program that was intended to keep long-term rates low.

ASU's Zhou Receives ASTA Grant for Novel Cancer Research

by Arkansas Business Staff 10/29/2014 12:30 pm

Hong Zhou of Arkansas State University has received an Arkansas Science & Technology Authority grant of $43,374 to fund his research into early detection and prevention of skin cancer.

Dennis Smiley's Wife Cynthia Files Chapter 7 Bankruptcy

by Lance Turner 10/29/2014 11:38 am

Cynthia Smiley, the wife of former Arvest Bank executive Dennis Smiley Jr., filed Chapter 7 bankruptcy on Thursday, listing $2.3 million in debts and $34,000 in assets.

Small Business Divided Over Minimum Wage Votes

by Associated Press 10/29/2014 11:27 am

Some small business owners say raising the minimum wage will pressure their companies, forcing them to cut employees' hours or jobs. Others say it's the right thing to do for workers and the economy.

Incumbent State Legislators Lead Non-Incumbents in Donations by PACs, Lobbyists

by Lee Hogan 10/29/2014 10:17 am

Incumbents in contested races for state House of Representatives and Senate rule the roost when it comes to donations from special-interest groups.

P.A.M. Transportation 3Q Net Income Doubles to $5M

by Marty Cook 10/29/2014 08:53 am

P.A.M. Transportation Services Inc. of Tontitown reported its second consecutive quarter of record earnings per share Tuesday.

Asa Hutchinson Reports Raising $451K in October

by Associated Press 10/29/2014 08:14 am

Republican Asa Hutchinson has raised more than double the amount brought in by Democratic rival Mike Ross during the past month as the two Arkansas gubernatorial hopefuls head into the final week of the campaign.

TMW to Open $20M Plant Near Big River Steel, Employ 45

by Mark Carter 10/28/2014 02:32 pm

A company called The Materials Works Ltd. (TMW) reveals plans to build a flat rolled toll processing center adjacent to Big River Steel, which is now under construction just south of Osceola. The $20 million TMW plant will create 45 jobs.

Brandon Barber Sentenced to 65 Months in Prison for Fraud, Money Laundering

by Marty Cook 10/28/2014 01:08 pm

Brandon Barber, a former northwest Arkansas developer, was sentenced Tuesday in federal court to 65 months in prison for bank fraud and money laundering. "More than a half-decade ago, I made bad decisions based on my selfishness and pride," Barber told Judge P.K. Holmes. "I failed those who loved and trusted me the most."