Today's News

The Weekly Miracle (Gwen Moritz Editor's Note)

by Gwen Moritz 7/28/2014 12:00 am

Later this week, I'll celebrate my 15th anniversary as editor of Arkansas Business. If your first thought is, “Wow, you'd think she'd be better at it by now,” let me assure you that I am in complete agreement. The longer I do this job, the more I realize just how much I don't know. But that's one of the reasons I keep doing it: I learn something about something every day.

Warren Stephens Bets on Britain's Bathstore

by Arkansas Business Staff 7/28/2014 12:00 am

Warren Stephens, whose wealth Forbes put at $2.6 billion as of Thursday and who appears on our Power List, made a splash earlier this month in the United Kingdom with his backing of a management buyout of Bathstore.

Big River Steel's John Correnti on Government's Role in Private-Sector Projects? 'Stay Out'

by Arkansas Business Staff 7/28/2014 12:00 am

John Correnti, chairman and CEO of Big River Steel LLC, has more than 40 years of experience in the steel industry. Big River Steel, a $1.3 billion project, is being built in Mississippi County near Osceola. It's expected to employ more than 525 workers with average yearly compensation of $75,000.

Hospitals, Medical Society At Odds Over New Legislation

by Mark Friedman 7/28/2014 12:00 am

The Arkansas Medical Society and the Arkansas Hospital Association don't see eye-to-eye on new legislation that deals with physician peer reviews. Last month, Baptist Health of Little Rock, Mercy Health System of Chesterfield, Missouri, which operates six hospitals in Arkansas, and Washington Regional Medical Center of Fayetteville filed a lawsuit in Pulaski County Circuit Court challenging the constitutionality of the Peer Review Fairness Act of 2013.

Tyson Foods Closing 3 Plants in Iowa, NY, NM

by Associated Press 7/27/2014 03:54 pm

Tyson Foods Inc. says it's closing three U.S. plants, employing a total 950 workers, which have struggled financially as the company's product needs have changed.

Tough Road for Ethics, Term Limits Item (Andrew DeMillo Analysis)

by Andrew DeMillo, The Associated Press 7/27/2014 03:42 pm

A proposal to restrict lobbyists' gifts to lawmakers and loosen Arkansas' term limits was touted as a way to put major ethics reforms on the ballot. But the proposed constitutional amendment is facing growing opposition focused primarily on its term limits provisions.

State Higher Ed Board OKs Osteopathic School at Arkansas State

by Arkansas Business Staff 7/25/2014 01:42 pm

The Arkansas Higher Education Coordinating Board grants the New York Institute of Technology certification for an additional osteopathic medical school site on the Arkansas State University campus in Jonesboro.

Mark Pryor Pitches Jobs Legislation

by Associated Press 7/25/2014 01:35 pm

Democratic U.S. Sen. Mark Pryor is sponsoring legislation to limit tax breaks for companies that move operations overseas and to require most publicly financed projects to use American-made steel and iron as he faces a tough re-election fight.

Groups See Competitive Threat In Tyson Foods' Deal for Hillshire

by Marty Cook 7/25/2014 01:20 pm

A coalition of 82 farm, consumer and community groups urged the U.S. Justice Department to extend its antitrust division's review of Tyson Foods Inc.'s $8.55 billion deal to acquire Hillshire Brands Co. of Chicago.

Arkansas Prison Board Seeks Proposals for New Prison

by Associated Press 7/25/2014 11:43 am

The Arkansas Board of Corrections is asking for proposals from communities interested in hosting a new, 1,000-bed state prison.

Arkansas Prison Board Dedicating New Academy

by Associated Press 7/25/2014 10:13 am

The Arkansas Board of Corrections is marking the opening of a newly remodeled training academy in central Arkansas.

Organizers Gearing Up for First Fort Smith Marathon

by Associated Press 7/25/2014 10:11 am

The course will begin and end downtown, winding through several city streets in between. The idea has been floating around for several years but organizer Jeremy Smith says it's recently gained more support from city leaders and the mayor.

Brandon Barber Should Serve About 20 Years, Feds Say

by Arkansas Business Staff 7/25/2014 08:52 am

Brandon Barber's day of reckoning approaches — he's scheduled for sentencing in Fort Smith on Aug. 13 — and federal prosecutors think the bankrupt northwest Arkansas real estate developer should spend a very, very long time in prison.

Report: Adding Vision, Dental Would Cost $43M

by Associated Press 7/25/2014 07:32 am

Adding dental and vision coverage to Arkansas' compromise Medicaid expansion would cost nearly $43 million, according to a report released Thursday, but state officials said they're not looking at expanding the program's benefits.

FCC Approves Sinclair's $1B Deal to Buy Allbritton TV Stations, Including KATV

by Lance Turner 7/24/2014 05:55 pm

Reuters and others are reporting that Sinclair Broadcast Group's $985 million deal to buy TV stations owned by Allbritton Communication has been approved by the FCC.

Maverick Transportation Opens $4M Driving Training Center

by Marty Cook 7/24/2014 02:22 pm

Arkansas Gov. Mike Beebe was on hand as Maverick Transportation LLC of North Little Rock opened its $4 million driver training center on Thursday.

Aurora Digital Signage Partners with Verizon for Internet Coverage

by Arkansas Business Staff 7/24/2014 01:36 pm

The partnership with Verizon will enable Aurora clients to use the Verizon Wireless network to power their digital signage and eliminate the need to run internal cables.

Pulaski County Jail Reopens For First Time Since July 1

by Associated Press 7/24/2014 09:08 am

Pulaski County Sheriff's Office Lt. Carl Minden says the jail reopened at 6 a.m. Thursday. The jail had been closed since July 1, after its population rose to 1,281 inmates.

Bill Simon Stepping Down As Leader of Wal-Mart's U.S. Stores

by Lance Turner 7/24/2014 07:56 am

Wal-Mart Stores Inc. of Bentonville says Bill Simon, president and CEO of its U.S. stores, is leaving the company. The retailer named Greg Foran, 53, as his successor. Simon had been the leader of Wal-Mart's domestic operations since June 2010. Foran takes over on Aug. 9.

Deltic Timber 2Q Net Down Against One-Time Gains

by Arkansas Business Staff 7/23/2014 04:52 pm

Deltic Timber Corp. of El Dorado reports second-quarter net income of $5.3 million or 42 cents per share, down 53 percent from the same time last year.