Today's News

Group Asks Arkansas Court to Block Medical Marijuana Measure

by Andrew DeMillo, The Associated Press 8/25/2016 06:58 am

A group opposing efforts to legalize medical marijuana asked Arkansas' highest court to block a legalization measure on the November ballot, saying the proposal misleads voters about its consequences.

LRCVB Moves Ahead on Deal for Cromwell Building

by Sarah Campbell 8/24/2016 01:49 pm

The Little Rock Advertising & Promotion Commission's $3.35 million purchase of the Cromwell Building for the Little Rock Convention & Visitors Bureau could be finalized within a month or so.

US Home Sales Fell in July Amid Inventory Shortage

by Associated Press 8/24/2016 11:14 am

US homebuyers pulled back in July, as sales declined amid a shortage of available properties and steadily rising prices.

Arkansas Panel to Review Ten Commandments, Satan Monuments

by Associated Press 8/23/2016 11:08 am

An Arkansas panel has set a meeting next month to review proposals to set up monuments to the Ten Commandments and Satan near the state Capitol.

Sherwood, Pulaski County Sued Over Hot Check Court Fines, Arrests

by Andrew DeMillo, The Associated Press 8/23/2016 10:05 am

A federal lawsuit accuses a central Arkansas city of effectively operating a debtor's prison by imposing hefty fines and jail time on thousands of people whose checks bounce.

Defense Attorneys Appeal Ruling in Class-Action Case

by Mark Friedman 8/23/2016 10:01 am

Three defense attorneys last week followed the path of the plaintiffs' attorneys and filed notice that they will appeal Chief U.S. District Court Judge P.K. Holmes III's finding that they abused the court system in a controversial class-action case.

Arkansas Attorney General Rejects Marijuana Proposal

by Associated Press 8/23/2016 06:55 am

Arkansas Attorney General Leslie Rutledge has again rejected a proposed constitutional amendment for the 2018 ballot to legalize marijuana in the state.

Agriculture School in Poinsett County Town Proposed

by Associated Press 8/22/2016 11:32 am

Weiner resident Greta Greeno has been leading the pitch to start a pilot School of Agriculture in the small Poinsett County town.

Federal Reserve Orders Allied Bank to Improve Equity Capital or Sell

by George Waldon 8/22/2016 10:49 am

Allied Bank of Mulberry has been ordered to take action to improve its equity capital or strike a deal to sell during the next 30 days.

Bank of the Ozarks Getting Ready for Groundbreaking on New HQ

by Arkansas Business Staff 8/22/2016 12:00 am

Bank of the Ozarks acquired more than 46 acres of mostly undeveloped property this summer, in preparation for its new headquarters. Those deals on the western end of The Ranch development totaled more than $12.5 million.

NorthShore Raid Focus of Federal Grand Jury

by Arkansas Business Staff 8/22/2016 12:00 am

A federal grand jury has been hearing testimony related to the August 2015 searches of Powers of Arkansas and Kullander Construction Co.

Yellow Rocket Buys Rebsamen Property for New HQ

by Arkansas Business Staff 8/22/2016 12:00 am

Yellow Rock Concepts of Little Rock, the powerhouse restaurant group, has bought estate sale king Roy Dudley's property at 1311 Rebsamen Park Road in Riverdale.

Wal-Mart To Make Case in Court Over Trademark

by Arkansas Business Staff 8/22/2016 12:00 am

Wal-Mart Stores' feud with a smartphone case and accessory company has now spilled over into U.S. District Court.

Port of Little Rock Seeks Room To Grow

by Jan Cottingham 8/22/2016 12:00 am

The No. 1 goal for Bryan Day, executive director of the Port of Little Rock, is to buy 1,500-2,000 acres with $10 million the port gets from a 1 percent sales tax approved in 2011.

Recruiting Billion-Dollar Shandong Sun Paper Mill Starts With Breakfast

by George Waldon 8/22/2016 12:00 am

The future pulp mill site, five miles south of Arkadelphia, represents Shandong Sun Paper's first North American project. Construction of the complex is expected to begin a year from now and produce 250 new jobs to staff it when fully operational in 2020.

Newcomers to Northwest Arkansas Refilling Labor Pool

by Marty Cook 8/22/2016 12:00 am

The Arkansas Department of Workforce Services released a report in July that showed Arkansas' seasonally adjusted unemployment rate was 3.8 percent in June 2016. The U.S. Bureau of Labor Statistics reported unadjusted unemployment rates of 3.1 percent for northwest Arkansas and 4.2 percent for Arkansas.

Harrison Hospital Fights Assessor's Tax Ruling

by Mark Friedman 8/22/2016 12:00 am

North Arkansas Medical Services Inc. of Harrison has appealed the Boone County assessor's decision not to grant tax-exempt status for one of its medical clinics.

Presumed Innocent (Gwen Moritz Editor's Note)

by Gwen Moritz 8/22/2016 12:00 am

While I firmly believe in the presumption of innocence, I used to also assume that the awesome power of the government — especially the federal government — is never wielded cavalierly. The John Stacks case has challenged that assumption at every turn.

Issue 3: A Job-Luring Amendment, or Corporate Welfare?

by Mark Friedman 8/22/2016 12:00 am

If Arkansas voters approve an amendment to the state Constitution in November, supporters say it will help bring more companies and jobs to the state. Opponents say it's corporate welfare.

Central Arkansas Housing Market Responds to Decline in Household Size

by Arkansas Business Staff 8/22/2016 12:00 am

As homeownership in the United States and in Arkansas has declined, the nature of the housing market has changed, notes a recent report by Metroplan, the federally designated planning agency for Pulaski, Faulkner, Saline and Lonoke counties.