Today's News

Sparks Puts $13.5M Toward Fort Smith Osteopathic Medical School

by Lee Hogan 7/15/2014 03:22 pm

Sparks Health System has released $13.5 million for the proposed osteopathic medical school in Fort Smith.

Green Forest Bank Has New Name: Anstaff

by Gwen Moritz 7/15/2014 11:20 am

Another Arkansas bank has changed its name in order to position itself for growth outside its traditional geographic area: First National Bank of Green Forest is becoming Anstaff Bank.

Fowler Family Gives $2.5M for UA Training Facility

by Associated Press 7/15/2014 10:57 am

The Wallace and Jama Fowler family gives the University of Arkansas $2.5 million to help pay for a new baseball and track training center.

J.B. Hunt Quarterly Profit Rises 6.5 Percent to $93.4M

by Marty Cook 7/15/2014 08:37 am

J.B. Hunt Transport Services Inc. of Lowell reports second-quarter profit of $93.4 million, or 79 cents per share, up 6.5 percent from $87.7 million, or 73 cents per share, in the same quarter last year. But CEO John Roberts III cited a "difficult driver recruiting environment" that has challenged growth.

Farmers Bank of Magnolia Makes Deal to Buy 1st Bank of Texarkana, Texas

by Gwen Moritz 7/14/2014 05:28 pm

No price tag on the deal was included in the announcement; 1st Bank's equity capital stood at $30.9 million as of March 31.

Bank of the Ozarks 2Q Earnings Up 30 Percent

by George Waldon 7/14/2014 04:51 pm

Bank of the Ozarks Inc. of Little Rock today reported second quarter net income of $26.5 million, a 29.9 percent increase compared to 2013, and net income for the first two quarters was up more than 28 percent. CEO George Gleason noted recent acquisitions but said it's the company's "ability to organically grow our portfolio of high quality, good yielding loans and leases" that have been even more important.

Little Rock Hires CJRW's Luis Gonzalez as Communication, Marketing Manager

by Lee Hogan 7/14/2014 11:26 am

The city of Little Rock has announced the hire of Luis Gonzalez as its communication and marketing manager. Gonzalez was previously an account supervisor at Cranford Johnson Robinson Woods in Little Rock.

Metroplan Study: Financial Commitment Key to Conway-LR Bus Service

by Lee Hogan 7/14/2014 11:02 am

A feasibility study released by Metroplan on an express bus service between Conway and Little Rock found that capital costs, funding sources and operating responsibility would be obstacles in the implementation of the route.

Arkansas Foundation for Medical Care Teams With Aledade To Arm, Reward Docs

by Gwen Moritz 7/14/2014 12:00 am

Aledade is what's called an ACO, an accountable care organization, a relatively new type of entity established by the Patient Protection & Affordable Care Act for the purpose of improving health care quality while controlling unnecessary spending.

Chuy's Ringing Up Former Saturn Property in NLR

by Arkansas Business Staff 7/14/2014 12:00 am

Chuy's, the popular Tex-Mex chain, is on its way to North Little Rock. With 27 locations open and more on the way, it will be setting up shop at 5105 Warden Road.

Population Rises in U.S. Poverty Areas, Arkansas Up Nearly 15 Percent

by Arkansas Business Staff 7/14/2014 12:00 am

One in four residents of the United States live in “poverty areas,” according to federal data. That's an increase from less than one in five in 2000.

Caveat Lector (Gwen Moritz Editor's Note)

by Gwen Moritz 7/14/2014 12:00 am

One of the problems with online news sites: You have to make an effort to rightly divide the information brought to you by journalists and the opinions brought to you by contributors, and it's not as easy as it is on, say, the Views pages of Arkansas Business.

Steve Landers Sr. On His Lessons Learned Before Leaving the Lot

by Arkansas Business Staff 7/14/2014 12:00 am

Steve Landers Sr. has been in the auto sales business for 43 years but has been transitioning out of the day-to-day operation of the enterprise. He will remain a consultant at the former Landers Auto Group, taking care of customers and working on putting together auto groups.

Family Tree Thrives at Horton's Orthotics & Prosthetics

by Jan Cottingham 7/14/2014 12:00 am

Gary Horton was happy when his three children showed an interest in joining the family business, Horton's Orthotics & Prosthetics, though, he said, he made a point of not trying to sway them. “They just basically all chose to do it.”

Fort Smith's Pruitt Tool & Supply Co. Going Global

by Marty Cook 7/14/2014 12:00 am

From modest beginnings, Pruitt Tool now has nine offices across the United States and has business interests overseas in countries such as Russia and Turkey. The company rents its patented equipment, the Pruitt rotating control device, to oil rigs drilling for oil and gas.

Setback for Medical Pot Push in Arkansas (Andrew DeMillo Analysis)

by Andrew DeMillo, The Associated Press 7/13/2014 05:58 pm

In 2012, by the slimmest of margins, Arkansas missed being the first state in the South to legalize medical marijuana - less than 2 percent. Nearly two years later, another push to legalize the drug failed to even muster enough signatures to place the issue on the ballot.

Tracy Morgan Sues Wal-Mart for Crash That Killed 1 in New Jersey

by Associated Press 7/12/2014 10:47 am

Former "Saturday Night Live" star Tracy Morgan has sued Wal-Mart over a highway crash involving one of its drivers that left him seriously injured and a fellow comedian dead.

Fayetteville's APEI Earns R&D 100 'Oscar of Innovation'

by Arkansas Business Staff 7/11/2014 03:49 pm

The R&D 100 is a prestigious list of the world's top 100 tech-based product innovations included each year in R&D Magazine. The R&D 100 is known as the "Oscars of Innovation" and past award winners have included the flashcube, ATM, fax machine and HDTV.

Sign-hanging, Island Building Closing Lanes at Big Rock Interchange in LR

by Associated Press 7/11/2014 03:40 pm

The state Highway and Transportation Department said Friday that the eastbound lane of Financial Center Parkway from Hermitage Road to Interstate 630 will be closed so crews can build traffic islands amid a construction project. Work will take place next Monday through Friday from 9 a.m. to 3 p.m.

Hutchinson, Ross Spar Over Minimum Wage, Health Care Overhaul in Debate

by Andrew DeMillo, The Associated Press 7/11/2014 01:41 pm

Ross on Friday criticized Hutchinson for not supporting a ballot measure to gradually raise the state's minimum wage, saying the GOP candidate doesn't support letting voters decide the issue. Hutchinson said he wants the minimum wage raised to at least the federal level, but says the matter should be decided by the Legislature.