Today's News

Outlets at Little Rock Developer Talks Construction, Tenants, Impact

by Lee Hogan 12/18/2014 08:30 am

The Outlets at Little Rock will open this summer. Michael Barelli, vice president of New England Development, recently talked to Arkansas Business about the 325,000-SF shopping center coming to central Arkansas.

Windstream Details REIT Stock Structure, Plans Special Meeting

by Sean Beherec and Lance Turner 12/18/2014 07:25 am

Windstream Holdings Inc. of Little Rock says the company will retain 19.9 percent of the shares of its future real estate investment trust spinoff, with the remaining shares going to Windstream stockholders.

Delta Caucus Happy with Cuba Move

by Associated Press 12/18/2014 07:23 am

The head of the Delta Grassroots Caucus says he welcomes the nation's new approach to Cuba, saying there could be economic advantages for Arkansas.

FDA's $1.2M Grant Extends ARA, NCTR Research into Graphene

by Mark Carter 12/17/2014 03:01 pm

The Arkansas Research Alliance announced Wednesday that it has been awarded a $1.2 million contract from the U.S. Food and Drug Administration that will extend a collaborative research program focused on graphene-based nanomaterials.

ASU Hires Shane Broadway As VP for Governmental Relations

by Lance Turner 12/17/2014 02:00 pm

The Arkansas State University System hires Shane Broadway, the director of the state Department of Higher Education, as vice president of governmental relations.

Arkansas' Model Medicaid Experiment, the Private Option, in Jeopardy

by Andrew DeMillo, The Associated Press 12/17/2014 12:24 pm

Arkansas became the first southern state to expand its Medicaid program in a way that many Republicans found acceptable. Now Arkansas could be on the brink of another distinction: becoming the first to abandon its Medicaid expansion after giving coverage to thousands.

Cuba Releasing Spy for US in Move to Restore Ties

by Associated Press 12/17/2014 12:09 pm

Cuba has freed a Cuban man who was imprisoned for nearly 20 years for spying for the United States, American officials said Wednesday as President Barack Obama announced steps toward restoring diplomatic relations.

Early-Stage Startups Shine at AVC's Pre-Flight Pitch Day

by Mark Carter 12/17/2014 11:38 am

The Arkansas Venture Center introduced its first class of Pre-Flight graduates Tuesday night with promising, early-stage startups pitching ideas developed over the course of a 14-week, pre-accelerator program. Pre-Flight is a program created by the Nashville Entrepreneur Center in 2011 and licensed this year by the AVC in Little Rock.

Martha Miller Out as Director of Department of Arkansas Heritage

by Lee Hogan 12/17/2014 10:20 am

Martha Miller will not continue as director of the Department of Arkansas Heritage under Gov.-elect Asa Hutchinson.

Allen Kerr Named Insurance Commissioner; Sheila Sharp Retained as Community Correction Director

by Lee Hogan 12/17/2014 09:50 am

Gov.-elect Asa Hutchinson says outgoing state Rep. Allen Kerr will be the new insurance commissioner, and Sheila Sharp will remain as director for the Department of Community Correction.

U.S. Senate Confirms Colette Honorable's Nomination to FERC

by Arkansas Business Staff 12/17/2014 09:43 am

The nomination of Colette Honorable of Little Rock to the Federal Energy Regulatory Commission was approved on a voice vote in the U.S. Senate Tuesday night.

Lawrence County Airport Risks Losing Military Contract

by Associated Press 12/16/2014 04:16 pm

A city-owned airport in Lawrence County will lose its military contract unless the military reconsiders its decision not to renew.

Wachter to Spend $20M, Add 20 Jobs to Expand Lowell Plant

by Arkansas Business Staff 12/16/2014 01:59 pm

Wachter Inc. of Lenexa, Kansas, is expanding its facility in Lowell, investing $2 million and adding 20 new jobs.

Budget Problems Force Cuts at World Services for the Blind

by Lee Hogan 12/16/2014 12:47 pm

The World Services for the Blind of Little Rock said it laid off "approximately" 10 staff members around Nov. 25, due to what it called "budgetary constraints."

IKEA is Coming to Memphis

by Lee Hogan 12/16/2014 11:22 am

Everyone's favorite Swedish furniture store is coming to Memphis. That's right. Pretty soon, Arkansas shoppers will only be a couple hours away from IKEA.

U.S. Department of Energy Releases Draft EIS on Transmission Line

by Lee Hogan 12/16/2014 11:09 am

The U.S. Department of Energy has released a 3,700-page Draft Environmental Impact Statement for a $2 billion, 720-mile transmission line to pass through Arkansas.

Wal-Mart Loses Appeal in Pennsylvania Class-Action Lawsuit

by Lance Turner 12/16/2014 10:46 am

Wal-Mart Stores Inc. of Bentonville says it lost its latest appeal in a class-action lawsuit filed against it in 2002, which will affect earning per share from continuing operations in the fourth quarter of fiscal 2015.

Arvest Survey: Mortgage Debt Down, Savings Up in Arkansas

by Lee Hogan 12/16/2014 10:27 am

Arkansans reported less mortgage debt than their neighbors in Oklahoma and Missouri, according to the latest consumer sentiment survey from Arvest Bank.

Asa Hutchinson Will Replace Heath Abshure at Securities Department

by Sean Beherec 12/16/2014 09:58 am

Arkansas Securities Commissioner Heath Abshure says he will be replaced by Gov.-elect Asa Hutchinson. In an interview Tuesday, Abshure said it's too early to say what his plans are after a new commissioner is appointed.

Arkansas Receives $13M EPA Grant for Water Infrastructure

by Arkansas Business Staff 12/16/2014 08:39 am

The Arkansas Natural Resource Commission has been awarded $13.5 million by the U.S. Environmental Protection Agency to install, upgrade and replace water infrastructure in the state.