Today's News

Arkansas Unemployment Falls to 5.1 Percent in October

by Lance Turner 11/20/2015 11:00 am

Arkansas' unemployment rate fell to 5.1 percent in October, down from 5.2 percent in September and 5.8 percent in October 2014.

Richard Mays Sues Tech Park Board, Raises Asking Price

by Arkansas Business Staff 11/20/2015 10:30 am

Little Rock attorney Richard Mays on Thursday sued the Little Rock Technology Park Authority and other officials, challenging the board's authority to take his property under eminent domain.

Bill Clinton Home in Hope Nominated for Historic Places Register

by Associated Press 11/20/2015 10:23 am

The childhood home of former President Bill Clinton in Hope is being considered for placement on the Arkansas Register of Historic Places.

Car-Mart Reports $485,000 Loss

by Marty Cook 11/20/2015 09:17 am

America's Car-Mart Inc. of Bentonville reported a loss of $485,000 in the second quarter of fiscal 2016.

Arkansas Mental Health Providers Charged with Medicaid Fraud

by Associated Press 11/20/2015 07:47 am

The two top billers in the Arkansas Medical Licensed Mental Health Practitioner Program have been charged with 20 felony counts involving false claims for Medicaid reimbursement.

Arkansas Panel: Look at Tax Hikes, Revenue Shifts for Roads

by Andrew DeMillo, The Associated Press 11/19/2015 05:30 pm

A task force on Thursday recommended several options for boosting money for Arkansas roads, including tapping into car sales tax revenue and raising fuel taxes, but stopped short of endorsing a specific plan to address a highway funding shortfall.

Tyson Foods to Close 2 Plants, Cut 880 Jobs

by Arkansas Business Staff 11/19/2015 05:05 pm

Tyson Foods Inc. of Springdale is closing two of its prepared food plants in Chicago and Wisconsin and laying off 880 workers, it announced late Thursday afternoon. The plants are a pepperoni plant in Jefferson, Wisconsin, where 400 workers are being let go, and a plant in Chicago that makes prepared foods for the hospitality industry, where 480 are affected.

Court Transferring Cases of Judge Accused of Misconduct

by Claudia Lauer, Associated Press 11/19/2015 03:32 pm

A special judge or judges will be appointed to hear the cases of an Arkansas judge facing allegations of administrative misconduct including having sexual relationships with defendants.

Women's Forum of New York Honors ArcBest, Others for Women on Boards of Directors

by Arkansas Business Staff 11/19/2015 03:02 pm

The Women's Forum of New York on Thursday honored ArcBest Corp. of Fort Smith and other companies for having at least 20 percent female representation on their boards of directors.

UALR Workshop Explains Commercialization Process for Researchers

by Mark Carter 11/19/2015 01:58 pm

Determining the commercial viability of research ideas should be an easy process that need not intimidate university students and researchers who harbor hopes of taking those ideas to market, Rebecca Norman told students and researchers Thursday.

Arkansas Supreme Court Reverses Granting Class-Action Status to VA Workers

by Associated Press 11/19/2015 12:06 pm

Arkansas' highest court says a lawsuit by a group of Arkansas Department of Veterans Affairs employees who claim they weren't paid for meal breaks they were required to work shouldn't be a class-action case.

Report: Clean Line Project Could Mean $660M Impact in Arkansas

by Alexis Hosticka 11/19/2015 11:26 am

The construction and operation of the Plains & Eastern Clean Line transmission project could equate to more than $660 million for the Arkansas economy, according to researchers from the Center for Business and Economic Research at the Sam M. Walton College of Business at the University of Arkansas.

O'Malley Holding Fundraiser in Arkansas in December

by Associated Press 11/19/2015 11:04 am

Democratic presidential hopeful Martin O'Malley is holding a fundraiser in Arkansas next month, visiting rival Hillary Rodham Clinton's adopted home turf.

Dassault Falcon Jet Unveils New $60M Facility in Little Rock

by Alexis Hosticka 11/19/2015 10:49 am

Dassault Falcon Jet Corp. on Thursday unveiled a $60M, 250,000-SF expansion at its Little Rock completion facility, bringing Dassault's total Little Rock footprint to 1.25 million SF.

Rodney West to Take Over for Mike Flynn as Simmons Fort Smith President

by Arkansas Business Staff 11/19/2015 10:17 am

Rodney West has been named Fort Smith community president for Simmons First National Bank, the bank announced Thursday. West will replace Mike Flynn when Flynn retires at the end of the year.

Duck Banding Research Funded by Monticello Companies

by Alexis Hosticka 11/19/2015 10:00 am

Douglas Osborne's research is a new spin on usual practice. Typically, duck banding programs focus on breeding grounds in the Midwest and Canada. But Osborne bands ducks where they winter.

Crystal Bridges Buys Felix Gonzalez-Torres' Candy Exhibit for $7.6M

by Associated Press 11/19/2015 06:54 am

Crystal Bridges Museum of American Art says it's acquired an exhibit made entirely of candy.

Eldridge Calls for Suspending Syrian Refugee Relocation

by Andrew DeMillo, The Associated Press 11/18/2015 05:05 pm

Democratic U.S. Senate hopeful Conner Eldridge says the resettlement of Syrian refugees should be suspended in the wake of last week's attacks in Paris while the vetting process is reviewed.

Chad Causey Opens Causey Law Firm

by Arkansas Business Staff 11/18/2015 04:56 pm

Chad Causey, formerly a principal and general counsel with Noble Strategies, has founded the Causey Law Firm P.A., which will focus on state and federal regulatory law, general counsel services, litigation and business-related immigration issues.

State Claims Commission Awards Metheny Family $2M

by Lance Turner 11/18/2015 04:24 pm

The Arkansas Claims Commission has ordered the University of Arkansas for Medical Sciences to pay $2 million to the family of a man whose surgeon operated on the wrong side of his brain.