Today's News

Tech Founder Rod Ford Set for AVC's Build IT Series

by Arkansas Business Staff 9/8/2014 03:10 pm

Little Rock tech founder Rod Ford will be the subject of the Arkansas Venture Center's Build IT series Tuesday beginning at 5:30 p.m. from the Little Rock Regional Chamber of Commerce.

First Arkansas Bank Sues NLR Businessman John Rogers for $14.2M

by George Waldon 9/8/2014 01:46 pm

First Arkansas Bank & Trust has sued to collect $14.2 million from North Little Rock businessman John Rogers. Meanwhile, Rogers is no longer involved in day-to-day operations of the photo archive and sports memorabilia venture and hasn't been for more than six months, according to Mac Hogan, who's now running the business.

Arkansas Private Option Enrollment Keeps Growing

by Associated Press 9/8/2014 01:04 pm

The Arkansas Department of Human Services says more than 194,000 people have enrolled in the state's Medicaid expansion program that extends health care coverage to low-income residents.

Treasury to Limit Profitability of Corporate Inversions

by Associated Press 9/8/2014 11:32 am

The Obama administration will decide "in the very near future" what actions it can take to make it less profitable for U.S. companies to shift their legal addresses to other countries, Treasury Secretary Jacob Lew said Monday.

Southwest Airlines Changing Look of its Planes

by Associated Press 9/8/2014 11:03 am

Southwest Airlines is putting a new paint job on its planes, adding a splash of bright color as it enters middle age and faces many changes.

ARK Challenge: Acorn Hours Solving 'Real Problem'

by Mark Carter 9/8/2014 10:41 am

Acorn wants to "intertwine" accountability and service when it comes to tracking service hours, help young people tell their stories and be "catalysts for change," and free up teachers from sometimes tedious paperwork.

Chick-fil-A Founder S. Truett Cathy Has Died

by Associated Press 9/8/2014 10:20 am

Chick-fil-A founder S. Truett Cathy died early Monday at 93. The billionaire rose from poverty by building a privately held restaurant chain that famously closes every Sunday but drew unwanted attention for the Cathy family's opposition to gay marriage.

Toymaker Redman's Rough History Doesn't Deter State Investment

by Marty Cook 9/8/2014 12:00 am

The state's top economic development official said he has no undue concerns about a $2 million taxpayer investment in Redman & Associates, despite the CEO's bankruptcy a decade ago and subsequent litigation, including a lawsuit related to the product the company is manufacturing in Rogers.

Turner Grain's Jason Coleman Hires Attorney

by Arkansas Business Staff 9/8/2014 12:00 am

It looks like the defendants of Turner Grain Merchandising Inc. of Brinkley will begin to mount their defense.

Relyance Lures Straessle Away from First Security

by Arkansas Business Staff 9/8/2014 12:00 am

David Straessle, who had been president of the Little Rock market for First Security Bank of Searcy since 2011, was hired last Thursday to do the same job for Relyance Bank of Pine Bluff.

Clinton National Airport Tackles Renovation, Monitors Southwest Airlines

by Jan Cottingham 9/8/2014 12:00 am

Southwest Airlines of Dallas, responsible for almost a third of enplanements at Clinton National Airport, is counting the hours to the expiration of the Wright Amendment, which has limited its flights. Airport Executive Director Ron Mathieu is paying attention.

Arkansas, You're All Wet (Gwen Moritz Editor's Note)

by Gwen Moritz 9/8/2014 12:00 am

It is a shame that, if my expectation comes true and the all-wet amendment passes in November, no Arkansan will have the option of living in a dry county and no county will have the option of being dry. But let us not forget how and why we got to this point.

Arkansas Executive Use of Company Jets Rises in 2013

by Mark Friedman 9/8/2014 12:00 am

Top executives at nine of Arkansas' public companies valued their personal flights on company jets at a total of $2.4 million for 2013, according to proxy statements filed with the U.S. Securities & Exchange Commission and compiled by Arkansas Business.

Trans-Atlantic Trade Expedition Bears Promise of Arkansas Jobs

by George Waldon 9/8/2014 12:00 am

Gov. Mike Beebe and Grant Tennille, executive director of the AEDC, hinted that meetings in Europe would yield announcements in the not-so-distant future regarding new jobs and capital investment in Arkansas.

Charlotte Gadberry: Risks Worth Taking with Acansa Festival

by Arkansas Business Staff 9/8/2014 12:00 am

Charlotte Gadberry is the founder and president of Acansa Arts Festival which will be held Sept. 23-28 at various venues in Little Rock and North Little Rock.

No Banking Future for Former First Southern CEO Woody Castleberry

by Arkansas Business Staff 9/8/2014 12:00 am

Thanks to the fraud of convicted former Little Rock attorney Kevin Lewis, Woody Castleberry will never work in banking again. Castleberry told us last week that his settlement with the Federal Deposit Insurance Corp. was finally approved. He won't have to pay a penalty, but he agreed never to be involved in banking again.

Arkansas Democrats Turn Up Focus on Minimum Wage Issue (Andrew DeMillo Analysis)

by Andrew DeMillo 9/7/2014 03:05 pm

With no organized opposition and business groups taking a pass on the issue, the proposal to gradually raise Arkansas' minimum wage faces a potentially easy path to victory now that it's on the November ballot. Whether that fortune can rub off on a Democratic Party that faces anything but an easy road is another matter.

Asa Hutchinson, Tom Cotton Support Minimum Wage Increase

by Kelly P. Kissel, The Associated Press 9/5/2014 04:26 pm

A pair of Arkansas Republicans on Friday said they will support a ballot measure that would raise the state's minimum wage.

Update: 14 Laid Off By Toy Car Maker in Blow to Wal-Mart's 'Made in USA' Initiative

by Marty Cook and Gwen Moritz 9/5/2014 04:03 pm

Redman & Associates filed a federal lawsuit Friday accusing a Chinese company of engaging in an "underhanded strategy" in an attempt to derail Wal-Mart's attempts to bring manufacturing back to the U.S.

Turner Grain President Dale Bartlett Files for Bankruptcy

by Lee Hogan and Mark Friedman 9/5/2014 01:47 pm

Dale Bartlett, president of Turner Grain Merchandising Inc. of Brinkley, filed for voluntary individual bankruptcy protection Friday morning estimating up to $10 million in debt.