Today's News

Simmons, Home BancShares Set To Vault Into $10B Club

by George Waldon 1/16/2017 12:00 am

Arkansas membership in the $10 billion bank club should double by the end of September. Home BancShares Inc. and Simmons First National Corp. have two pending acquisitions that will help take them beyond $10 billion to join Arvest Bank Group Inc. and Bank of the Ozarks Inc.

The In-Person Experience (Gwen Moritz Editor's Note)

by Gwen Moritz 1/16/2017 12:00 am

My first reaction to the long movie line was simple: Just hire some more people, whydoncha? But if the answer were that simple, people whose livelihoods depend on retail sales could have figured that out.

Asa Hutchinson Makes Appointments to Boards, Commissions

by Arkansas Business Staff 1/13/2017 03:28 pm

Gov. Asa Hutchinson on Friday announced the following appointments.

Holiday Sales Report Shows Boost in 2016

by Associated Press 1/13/2017 10:59 am

A stronger economy helped boost holiday sales both in stores and online this season, but department stores continued to struggle as habits shift.

Executive Ranks Shuffle at Flipkart, Eyed by Wal-Mart

by Reuters 1/13/2017 10:52 am

Kalyan Krishnamurthy is named CEO of India's Flipkart, in which Wal-Mart is looking to invest between $750 million and $1 billion.

Arkansas State Fair Expands to 11 Days with Thursday Opening

by Associated Press 1/13/2017 07:36 am

Arkansas State Fair officials have announced that the fair will expand, open a day earlier and have a new carnival operator in 2017.

Arkansas Lawmakers Say They'll Move Quickly on Tax Cut

by Andrew DeMillo, The Associated Press 1/12/2017 03:44 pm

Top Arkansas lawmakers say they'll move quickly on Gov. Asa Hutchinson's proposed $50 million tax cut for low-income residents, but say there are questions about part of his plan to give military veterans a tax break.

Advanced Energy Association Sets 2017 Priorities

by Kyle Massey 1/12/2017 03:42 pm

Improving Arkansans' access to low-cost financing for energy efficiency projects and removing barriers to the spread of homemade renewable energy are among the legislative priorities announced by the Arkansas Advanced Energy Association.

USA Truck's Christian Rhodes Leaves Company

by Arkansas Business Staff 1/12/2017 03:25 pm

USA Truck Inc. of Van Buren announced the departure of Chief Information Officer Christian Rhodes in a one-sentence filing with the Securities & Exchange Commission.

JBU Fundraising Effort Passes $100M

by Arkansas Business Staff 1/12/2017 11:38 am

John Brown University of Siloam Springs says it's received more than $100 million in gifts and pledges toward the $125 million goal of its "Campaign for the Next Century."

Average US 30-Year Mortgage Rate Falls to 4.12 Percent

by Associated Press 1/12/2017 11:27 am

Long-term U.S. mortgage rates fell this week, the second week of declines after snapping a nine-week run of increases.

Republican-led US Senate Takes First Step to Repeal 'Obamacare'

by Associated Press 1/12/2017 11:24 am

By a near party-line 51-48 vote early Thursday, the GOP-run Senate approved a budget that eases the way for action on subsequent repeal legislation. Republicans plan to get legislation voiding Obama's law and replacing parts of it to Donald Trump by the end of February, House Majority Leader Kevin McCarthy, R-Calif., said.

JTS Financial Gets Controlling Interest in EBi

by Arkansas Business Staff 1/12/2017 10:45 am

JTS Financial acquires controlling interest in Your Benefits Agency Inc. of Little Rock, which provides insurance to the state education sector, including school districts.

Bills: Arkansas Panel Must Issue Tax Cut Plans by Fall 2018

by Associated Press 1/12/2017 06:59 am

Legislation detailing Arkansas Gov. Asa Hutchinson's $50 million tax cut plan calls for a task force looking at other tax code changes to issue its recommendations by September 2018.

Arkansas Lawmakers Endorse Delay on Medical Pot Launch

by Associated Press 1/11/2017 03:25 pm

Arkansas lawmakers have advanced a plan to delay the launch of the state's medical marijuana program and a proposal removing a requirement that doctors recommending the drug say benefits outweigh its risk.

Trump Business Will Pursue US Deals, but Not Foreign Ones

by Associated Press 1/11/2017 11:20 am

Donald Trump's business will continue to pursue deals in the United States, though not abroad, while he is president, and he will relinquish control of the company.

UALR Sports Enters 10-Year Multimedia Contract With Learfield

by Arkansas Business Staff 1/11/2017 11:05 am

The University of Arkansas at Little Rock athletic department enters a 10-year multimedia agreement with Learfield Sports of Plano, Texas.

Arkansas Food Bank Announces Record Distribution for 2016

by Sarah Campbell 1/11/2017 10:32 am

The Arkansas Foodbank, which merged with the Arkansas Rice Depot on Jan. 1, 2016, announced Wednesday that it distributed a record 25 million pounds of food last year, besting the previous record set in 2014 by almost 2.6 million pounds.

Marianna Man Gets 2 Years for Children's Food Program Fraud

by Associated Press 1/11/2017 10:07 am

A Marianna man who says he plotted to defraud a feeding program for children in low-income areas has been sentenced to two years in prison and ordered to make $380,000 in restitution.

Arkansas Medical Marijuana Commission to Allow 32 Vendors

by Associated Press 1/11/2017 10:04 am

The Arkansas Medical Marijuana Commission says it will allow 32 dispensaries to be evenly distributed among the state's four congressional districts.

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