Today's News

Texarkana Convention Center Could Soon Change Hands

by Arkansas Business Staff 2/13/2017 12:00 am

Texarkana Hotels, owned by Dr. Hiren D. Patel, has entered into a $6.6 million purchase agreement with James J. Naples, and will be seeking the court's approval of the sale.

Bank of the Ozarks Having a Hot Time in Chicago

by Arkansas Business Staff 2/13/2017 12:00 am

Steve Daniels, a senior reporter with Crains Chicago Business, reported last month on how developers of Chicago's "splashiest commercial real estate projects" are getting their loans and financing from an inconspicuous source: Bank of the Ozarks of Little Rock.

Punishment for John Goodson Gets New Look on Appeal

by Mark Friedman 2/13/2017 12:00 am

The 8th Circuit Court of Appeals heard oral arguments last week to determine if a sanction will stand against attorney John Goodson of Texarkana and four other lawyers found to have engaged in “forum shopping” in an Arkansas class-action case.

Since Winning Arkansas Business of the Year, Kimbel CEO Brad Smith Seeks Value Every Day

by Arkansas Business Staff 2/13/2017 12:00 am

Brad Smith, the owner and CEO of Kimbel Mechanical Systems of Springdale, a 2016 Arkansas Business of the Year, discusses growth and its pains.

Arkansas House Approves Effort to Limit Medical Pot Ads

by Associated Press 2/10/2017 03:18 pm

The Arkansas House has approved legislation aimed at preventing kid-friendly advertising and packaging of medical marijuana, and may soon consider banning any pot ads altogether.

CARTI CEO Jan Burford Retires

by Mark Friedman 2/10/2017 02:10 pm

Jan Burford, the president and CEO of CARTI for more than 26 years, retired Friday as the cancer treatment organization continues to work through its financial issues.

Update: State Chamber Behind Bill to Clarify Workplace Terms of Marijuana Law

by Sarah Campbell 2/10/2017 12:45 pm

A bill backed by the Arkansas State Chamber of Commerce to amend the state's new medical marijuana law was filed Monday by state Rep. Carlton Wing, R-North Little Rock.

State Cancels Bid Process for Tourism Advertising Contract

by Kyle Massey 2/10/2017 11:58 am

The State Office of Procurement canceled its bid solicitation for the state's biggest advertising contract — the $14 million-a-year deal for marketing state tourism — just days before written responses from agencies were due.

Amazon to Begin Collecting Sales Taxes in Arkansas in March

by Andrew DeMillo, The Associated Press 2/10/2017 11:20 am

Amazon says it will begin collecting sales taxes on purchases in Arkansas, a move that lawmakers have said could bring millions in additional revenue to the state.

Walton College to Induct 4 into Business Hall of Fame

by Arkansas Business Staff 2/10/2017 11:15 am

The Sam M. Walton College of Business at the University of Arkansas will honor four new inductees to its Arkansas Business Hall of Fame at an induction ceremony Friday evening in Little Rock.

Pakko: State Housing Numbers Continue Upward Trend

by Todd Traub 2/9/2017 04:19 pm

Prices and sales figures show the state still bouncing back from the housing market bust.

Developers Finish, Start Projects on Main Street in Little Rock, North Little Rock

by Arkansas Business Staff 2/9/2017 02:24 pm

Two Main Street redevelopments — one on each side of the Arkansas River — were announced this week by Moses Tucker Real Estate Inc. and Newmark Grubb Arkansas.

New CEO Tom Hayes Leads Tyson Foods' Annual Meeting

by Marty Cook 2/9/2017 12:39 pm

Just three days after reporting record first-quarter profits, Tyson Foods Inc. of Springdale held its annual shareholders meeting at the Holiday Inn Convention Center in Springdale.

State Supreme Court Weighs Future of Fayetteville's LGBT Protections

by Andrew DeMillo, The Associated Press 2/9/2017 11:49 am

Arkansas Supreme Court justices questioned Thursday whether a city's ordinance banning discrimination based on sexual orientation or gender identity flies in the face of a 2015 state law that was intended to prevent local LGBT protections.

Leonard Johnson Trust Gives $1M to Arkansas Children's Northwest

by Lance Turner 2/9/2017 11:31 am

The Leonard Johnson Trust is giving $1 million to Arkansas Children's Northwest.

Tech Park Sees More Demand From Startups, Entrepreneurs

by Sarah Campbell 2/9/2017 10:44 am

The Little Rock Technology Park Authority Board will be asked to approve a conversion of the fourth floor at 417 Main St. to meet increased demand from smaller operations for short-term leases and furnished space.

In Lawsuit, Chicken Farmers Say Processors Treat Them Like Servants

by Associated Press 2/9/2017 07:34 am

Former chicken farmers have filed a federal lawsuit accusing giant poultry processing companies, including Tyson Foods, of treating farmers who raise the chickens like indentured servants and colluding to fix prices.

Lynn Espejo Convicted of Stealing More Than $611,000

by Associated Press 2/9/2017 07:00 am

A former medical office manager has been convicted of stealing more than $611,000 from businesses that handled expenses for doctors in Little Rock.

Asa Hutchinson Signs Bill to Change Higher Education Funding

by Associated Press 2/8/2017 01:44 pm

Gov. Asa Hutchinson has signed into law a bill that links college and university funding to factors such as the number of students who complete their degrees.

Heather Baker Named Publisher of AY, Arkansas Money & Politics

by Kyle Massey 2/8/2017 11:33 am

Heather Baker, the former publisher of the auto-buying guide Drive Arkansas and several Arkansas Times publications, is the new publisher at Vowell Media in Little Rock, owned by Vicki Vowell.

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