Today's News

Retail Trade Group: Holiday Sales Up 5.5 Percent

by Associated Press 1/12/2018 11:41 am

The nation's largest retail trade group says holiday spending rose a better-than-expected 5.5 percent, the strongest gain since the Great Recession.

Holiday Gift for Retailers; Sales Up A Solid 0.4 Percent

by Associated Press 1/12/2018 10:47 am

Ebullient U.S. consumers shopped at the healthiest pace in more than a decade during the holiday season, a sign of burgeoning economic strength.

Update: Walmart Raises Wages, Closes 63 Sam's Clubs

by Associated Press 1/12/2018 07:21 am

Walmart confirmed that it is closing dozens of Sam's Club warehouse stores across the country — a move that seems sure to cost jobs — on the same day it announced that it was boosting its starting salary for U.S. workers and handing out one-time bonuses to others.

TB&P Announces Northeast Arkansas Publication

by Kyle Massey 1/11/2018 04:43 pm

Talk Business & Politics, Roby Brock's multimedia franchise of Arkansas business and political coverage, is set to launch a monthly tabloid newsmagazine based in Jonesboro and focused on business and political leaders in northeast Arkansas.

Corrected: Louisana Holding Company to Acquire First State Bank

by Arkansas Business Staff 1/11/2018 04:20 pm

Capital Bancorp Inc. of Delhi, Louisiana, recently announced that it will acquire Evergreen Bancshares Inc. of Tallahassee, Florida, and its subsidiary, First State Bank of Crossett.

Governor Asks PSC to Pass On Benefit of Tax Cut

by Sarah Campbell-Miller 1/11/2018 02:20 pm

Gov. Asa Hutchinson said in a letter Thursday that the Arkansas Public Service Commission should, “as expeditiously as possible, take whatever steps are necessary to pass the benefit of the corporate tax cut to Arkansas families and businesses in the form of lower utility rates."

America's Car-Mart To Pay Retired CEO $1.1M Bonus

by Marty Cook 1/11/2018 01:17 pm

America's Car-Mart Inc. of Bentonville will pay Hank Henderson $1.1 million as a “special retirement bonus” for the company's longtime CEO who stepped down in December.

Trump Opens Way for Medicaid Work Requirement

by Associated Press 1/11/2018 11:19 am

In a major policy shift that could affect millions of low-income people, the Trump administration said Thursday it is offering a path for states that want to impose work requirements on Medicaid recipients.

Arkansas Officials Set Hot Springs Highway Extension Meeting

by Associated Press 1/11/2018 11:15 am

Arkansas highway officials will be reaching out to residents along the proposed path of an expressway extension east of Hot Springs.

Judge Weighs Evidence in Lawmakers' Corruption Trial

by Associated Press 1/11/2018 11:01 am

Lawyers and a federal judge met behind closed doors to discuss whether some documents should be off-limits to prosecutors as the public corruption trial of a former Arkansas state senator approaches.

Federal Reserve Bank of St. Louis Announces Appointments

by Arkansas Business Staff 1/10/2018 01:33 pm

The Federal Reserve Bank of St. Louis announced Wednesday several changes to its board of directors that were effective Jan. 1.

Governor Releases $500K to Fund ASU Efficiency Study

by Arkansas Business Staff 1/10/2018 01:04 pm

Gov. Asa Hutchinson is releasing $500,000 in state discretionary money to the Arkansas State University System to help fund its "Accelerate ASU" efficiency study.

Forbes Ranks Home BancShares No. 1 on 'Best Banks' List

by Arkansas Business Staff 1/10/2018 11:18 am

Forbes magazine this week ranked Home BancShares Inc. of Conway No. 1 on its annual list of "America's Best Banks."

Timber Automation of Hot Springs to Add 50 Jobs

by Arkansas Business Staff 1/10/2018 11:07 am

Timber Automation of Hot Springs says it will spend more than $3.5 million to expand customer support, engineering and manufacturing at its 145,000-SF facility.

Arkansas Heart Hospital Acquires Malvern Clinic

by Arkansas Business Staff 1/10/2018 09:31 am

Arkansas Heart Hospital announced Wednesday that it is adding the Malvern Diagnostic Clinic at 2223 Grant St. to its network of community clinics.

Steve Womack Tapped to Lead U.S. House Budget Panel

by Associated Press 1/10/2018 06:46 am

Republican Rep. Steve Womack of Arkansas has been tapped to chair the House Budget Committee.

FERC Ruling Against Propping Up Coal Plants Draws Praise

by Kyle Massey 1/9/2018 02:32 pm

The FERC's decision to reject a plan to subsidize coal and nuclear power plants in a competitive national power market drew general approval from Arkansas energy stakeholders.

Hutchinson Floats $5.6B Budget, Asks Colleges to Freeze Tuition

by Andrew DeMillo, The Associated Press 1/9/2018 01:26 pm

Arkansas' governor proposed a $5.6 billion budget on Tuesday that increases funding for the state's Medicaid program while setting aside surplus money for future tax cuts and highway needs, and the Republican asked the state's four-year colleges and universities to freeze tuition rates for in-state residents.

McKuin Takes New Public Radio Job, With Same Commute

by Kyle Massey 1/9/2018 11:10 am

Vanessa McKuin, who helped get Arkansas Public Media off the ground by managing business side of the regional journalism collaborative, has become development director for University of Arkansas at Little Rock public radio.

Corrected: Albert Yarnell of Yarnell Ice Cream Renown Dies at 94

by Jan Cottingham 1/9/2018 11:04 am

Albert Rogers Yarnell, who helped build his father's Yarnell Ice Cream Co. of Searcy into a regional success and a name synonymous with Arkansas and ice cream, died Sunday at the age of 94.