Today's News

Home BancShares Raises Quarterly Dividend 33 Percent

by Arkansas Business Staff 7/21/2014 11:21 am

Home BancShares Inc. of Conway raises its quarterly dividend 33 percent to 10 cents per share.

Fort Smith Stays on Top of Arkansas Tech Business Index

by Lee Hogan 7/21/2014 09:42 am

For the second consecutive month, Fort Smith had the highest ATBI value in April. The city saw a decrease of 1.6 points between March and April, however, its 106.99 rating was good enough to best its closest competitors.

Student Entrepreneurs at eStem Get Their Own Space: The Vault

by Mark Carter 7/21/2014 08:02 am

The Vault is an internal incubator for student entrepreneurs set inside what once was the underground vault of the former Federal Reserve Bank at Third and Louisiana streets in downtown Little Rock. The building now serves students in grades 9-12 as eStem High School.

Chris Christie, Mitt Romney to Stump for Asa Hutchinson

by Associated Press 7/21/2014 07:29 am

Republican gubernatorial candidate Asa Hutchinson is enlisting the help of former Republican presidential nominee Mitt Romney and New Jersey Gov. Chris Christie next month.

NLR Sports Memorabilia Dealer John Rogers Sued for Missed Payment

by George Waldon 7/21/2014 12:00 am

A dispute over the $1.35 million acquisition of a treasure trove of historic Major League Baseball images recently took the field in Pulaski County Circuit Court. The heir and former keeper of the famed George Burke & George Brace Collection of photographic negatives sued North Little Rock businessman John Rogers and his Sports Card Plus Inc.

Bank of the Ozarks Responds to 'Say on Pay' Vote

by Gwen Moritz 7/21/2014 12:00 am

Say-on-pay votes are not binding in the first place, and the vast majority pass, but say on pay is having an impact even for companies whose compensation packages get voter approval, and a perfect example is in Little Rock: Bank of the Ozarks Inc.

Layoffs, Branch Closures Firming Up as Simmons Readies To Close on Delta Trust

by Arkansas Business Staff 7/21/2014 12:00 am

Some employees of Delta Trust & Bank were given notice last week that they might not be with the company after it is acquired by Simmons First National Corp. of Pine Bluff next month.

Wal-Mart Execs Naturally Dominate List of Executive Compensation

by Gwen Moritz 7/21/2014 12:00 am

Top executives at the world's largest company continue to dominate Arkansas Business' annual list of public company executive compensation, starting with the new CEO, Doug McMillon.

Arkansas Near Bottom in Ranking Of States by Job Creation in Past 5 Years

by Associated Press 7/18/2014 01:30 pm

Since the Great Recession officially ended in June 2009, the U.S. economy has generated 7.8 million jobs. But the gains haven't been spread evenly across the country. Some states have boomed. Others have struggled.

Mark Pryor Holds Manufacturing Summit in Little Rock

by Lee Hogan 7/18/2014 12:41 pm

U.S. Sen. Mark Pryor met with various Arkansas manufacturing companies Friday morning in Little Rock to discuss the improvement of job opportunities in the sector.

Alcohol Sales Amendment Falls Short of Signatures, Has 30 Days to Collect More

by Lee Hogan 7/18/2014 12:20 pm

An amendment that would legalize alcohol sales across the state has 30 days to gain the more than 17,000 signatures it needs to be put on the November ballot. Arkansas Secretary of State Mark Martin said Friday after the verification process, the Arkansas Alcoholic Beverage Amendment fell short of the 78,133 required signatures.

Crittenden County Regional Hospital Reopens After Fire

by Associated Press 7/18/2014 10:52 am

A West Memphis hospital says it has opened its doors this week after it closed down a month ago from a fire.

Arkansas Unemployment Rate Falls to 6.2 Percent But Labor Force Smaller

by Lee Hogan 7/18/2014 09:42 am

Arkansas' unemployment rate fell for the ninth consecutive month in June to 6.2 percent. It marks the fourth consecutive month that the state's unemployment rate has been below 7 percent.

Officials: Up to $100M Needed for New Prison

by Andrew DeMillo, The Associated Press 7/18/2014 07:57 am

Arkansas corrections officials told lawmakers Thursday they'll need up to $100 million to build a new prison and $25 million to operate it annually in order to ease prison overcrowding.

Maverick USA Ditches Waiting Period for Driver Bonuses

by Marty Cook 7/17/2014 03:39 pm

Maverick USA Inc. of North Little Rock says it will make performance bonuses available to all drivers without a waiting period.

Arkansas Tech Trustees Agree to $1.15M Land Sale

by Associated Press 7/17/2014 03:12 pm

The Arkansas Tech University board of trustees has agreed to sell a parcel of land near Interstate 40 in Russellville to Narayan Hotels LLC for $1.15 million.

Home BancShares Completes Purchase of Florida Traditions Bank

by Lance Turner 7/17/2014 02:01 pm

Home BancShares Inc. of Conway, the parent company of Centennial Bank, completes its previously announced acquisition of Florida Traditions Bank.

Arkansas Federal Credit Union Names Rodney Showmar President, CEO

by Arkansas Business Staff 7/17/2014 11:36 am

Arkansas Federal Credit Union said Thursday that Rodney Showmar had been named its new president and CEO.

Mark Stodola Says He'll Seek 3rd Term as Little Rock Mayor

by Associated Press 7/17/2014 09:53 am

Little Rock Mayor Mark Stodola says he's running for re-election this fall, saying he believes there's more progress to be done in economic development and other issues in Arkansas' most populous city.

Simmons First National 2Q Profit Up 50 Percent

by Lance Turner 7/17/2014 09:10 am

Simmons First National Corp. of Pine Bluff reports a 50 percent rise in second-quarter profit, part of what CEO George Makris called a "landmark quarter" for the fast-growing financial holding company.