Today's News

Arkansas State University Looks for Interim Chancellor

by Associated Press 8/18/2016 02:08 pm

Arkansas State University's president says the school will look for a long-term interim chancellor to replace former chancellor Tim Hudson, who resigned after the release of internal audits that criticized the school's study abroad program run by his wife.

University of Arkansas Raises $131.6M in FY 2016

by Arkansas Business Staff 8/18/2016 10:02 am

The University of Arkansas announced on Thursday that it has finished the 2016 fiscal year with $131.6 million in private gift support, surpassing its $115 million goal and making this year the third best in its fundraising history.

Wal-Mart Raises Annual Profit; Tops Street 2Q Forecasts

by Anne D'Innocenzio, The Associated Press 8/18/2016 06:51 am

Wal-Mart raised its earnings outlook for the year and delivered strong profit and sales in the second quarter after the world's largest retailer revamped its stores, improved the shopping experience, and won back customers. "Our strategy in the U.S. is working," said CEO Doug McMillon.

Group Buys Legacy Hotel for $2.85M, Plans $5M in Renovations

by Alexis Hosticka 8/17/2016 04:34 pm

Newly created SHG Management LLC of Sherwood recently purchased the Legacy Hotel in downtown Little Rock for $2.85 million and plans to spend another $5 million on renovations.

American Railcar to Open Corbitt Manufacturing Facility in Paragould

by Arkansas Business Staff 8/17/2016 02:54 pm

Corbitt Manufacturing Co., a subsidiary of American Railcar Industries Inc. of St. Charles, Missouri, says it will open a new facility in Paragold that will create up 60 new jobs.

USDA Awards $481K to Arkansas Project to Recruit Farmers

by Associated Press 8/17/2016 12:34 pm

The U.S. Department of Agriculture has awarded nearly a half million dollars to an east Arkansas project aimed at supporting new farmers and ranchers.

GateHouse Offers Buyouts to Newspaper Employees in Arkansas

by Kyle Massey 8/17/2016 11:57 am

GateHouse Media, the newspaper chain that shook up management of its Arkansas properties late last month, is now offering voluntary buyout packages to most of its employees nationwide.

Construction Starts on Hyatt Place, Convention Center in Jonesboro

by Graycen Colbert Bigger 8/17/2016 11:51 am

Dodging rainy weather, local officials and members of the Keller Family Hyatt Group marked the start of construction on a $30 million Hyatt Place Hotel & Convention Center in Jonesboro.

Jay Chesshir Named Chair of National Association Board

by Arkansas Business Staff 8/17/2016 09:51 am

Jay Chesshir, president and CEO of the Little Rock Regional Chamber, was elected 2016-17 chairman of the board of the Association of Chamber of Commerce Executives.

Crystal Bridges Hires Lauren Haynes As Contemporary Art Curator

by Arkansas Business Staff 8/17/2016 08:45 am

Crystal Bridges Museum of American Art hired Lauren Haynes as its Curator of Contemporary Art, the museum announced Tuesday. Haynes will start at the museum in October. As curator, she will help the museum's contemporary art program with exhibits, presentations and publications.

SPONSORED: New Regulations Affect Trustees Of Retirement Plans

by 8/17/2016 08:29 am

A retirement plan review with experts can reduce risk and maximize benefit to employees.

Tyson Foods Fined $263K After Amputation at Texas Plant

by Associated Press 8/16/2016 03:30 pm

Federal inspectors have fined Tyson Foods more than $263,000 for safety violations at an East Texas poultry plant where a worker's finger was amputated when it became stuck in a conveyor belt.

At Rotary, Johnny Key Touts 'Student-Focused Education'

by Sarah Campbell 8/16/2016 02:00 pm

The Arkansas Department of Education can transform the state to lead the nation in student-focused education, Commissioner Johnny Key tells the Rotary Club of Little Rock.

US Home Construction Climbed to a 6-Month High in July

by Associated Press 8/16/2016 11:31 am

Apartment construction in the Northeast fueled a jump in home building in July as the pace of housing starts nationwide reached the strongest pace in six months.

The Rep Names John Miller-Stephany Producing Artistic Director

by Arkansas Business Staff 8/16/2016 10:59 am

The Arkansas Repertory Theatre on Tuesday named John Miller-Stephany as its new producing artistic director. Miller-Stephany will begin work in mid-October.

Donald Trump Names Leslie Rutledge, Others to Agriculture Panel

by Associated Press 8/16/2016 10:56 am

Republican presidential nominee Donald Trump has named Arkansas Attorney General Leslie Rutledge to his newly created Agriculture Advisory Committee.

Disasters, Low Oil Prices, Shale Cause $6.4B Loss at BHP Billiton

by Lance Turner 8/16/2016 10:39 am

Battered by a devastating dam disaster in Brazil, low commodity prices and losses in shale holdings – including operations in Arkansas – mining giant BHP Billiton posted a record $6.4 billion annual loss on Tuesday.

Federal Lawsuit Challenges Clean Line Transmission Project

by Kyle Massey 8/16/2016 10:02 am

Two groups representing landowners are suing to block an electric transmission line planned for delivering wind-generated power across Arkansas from Oklahoma to Tennessee.

Shared Services Center in Fort Smith to Add More Than 100 Jobs

by Alexis Hosticka 8/15/2016 04:32 pm

Shared Services Center-Fort Smith, a provider of business office support functions for hospitals and health care facilities, will expand its presence in Fort Smith's Phoenix Center.

Little Rock Port Authority Marks $6M Grant for Improvements

by Sarah Campbell 8/15/2016 03:32 pm

U.S. Rep. French Hill, R-Ark., joined the Little Rock Port Authority to mark a $6.2 million federal grant to make improvements to Blackwater Harbor.