Today's News

Mark Pryor Holds Manufacturing Summit in Little Rock

by Lee Hogan 7/18/2014 12:41 pm

U.S. Sen. Mark Pryor met with various Arkansas manufacturing companies Friday morning in Little Rock to discuss the improvement of job opportunities in the sector.

Alcohol Sales Amendment Falls Short of Signatures, Has 30 Days to Collect More

by Lee Hogan 7/18/2014 12:20 pm

An amendment that would legalize alcohol sales across the state has 30 days to gain the more than 17,000 signatures it needs to be put on the November ballot. Arkansas Secretary of State Mark Martin said Friday after the verification process, the Arkansas Alcoholic Beverage Amendment fell short of the 78,133 required signatures.

Crittenden County Regional Hospital Reopens After Fire

by Associated Press 7/18/2014 10:52 am

A West Memphis hospital says it has opened its doors this week after it closed down a month ago from a fire.

Arkansas Unemployment Rate Falls to 6.2 Percent But Labor Force Smaller

by Lee Hogan 7/18/2014 09:42 am

Arkansas' unemployment rate fell for the ninth consecutive month in June to 6.2 percent. It marks the fourth consecutive month that the state's unemployment rate has been below 7 percent.

Officials: Up to $100M Needed for New Prison

by Andrew DeMillo, The Associated Press 7/18/2014 07:57 am

Arkansas corrections officials told lawmakers Thursday they'll need up to $100 million to build a new prison and $25 million to operate it annually in order to ease prison overcrowding.

Maverick USA Ditches Waiting Period for Driver Bonuses

by Marty Cook 7/17/2014 03:39 pm

Maverick USA Inc. of North Little Rock says it will make performance bonuses available to all drivers without a waiting period.

Arkansas Tech Trustees Agree to $1.15M Land Sale

by Associated Press 7/17/2014 03:12 pm

The Arkansas Tech University board of trustees has agreed to sell a parcel of land near Interstate 40 in Russellville to Narayan Hotels LLC for $1.15 million.

Home BancShares Completes Purchase of Florida Traditions Bank

by Lance Turner 7/17/2014 02:01 pm

Home BancShares Inc. of Conway, the parent company of Centennial Bank, completes its previously announced acquisition of Florida Traditions Bank.

Arkansas Federal Credit Union Names Rodney Showmar President, CEO

by Arkansas Business Staff 7/17/2014 11:36 am

Arkansas Federal Credit Union said Thursday that Rodney Showmar had been named its new president and CEO.

Mark Stodola Says He'll Seek 3rd Term as Little Rock Mayor

by Associated Press 7/17/2014 09:53 am

Little Rock Mayor Mark Stodola says he's running for re-election this fall, saying he believes there's more progress to be done in economic development and other issues in Arkansas' most populous city.

Simmons First National 2Q Profit Up 50 Percent

by Lance Turner 7/17/2014 09:10 am

Simmons First National Corp. of Pine Bluff reports a 50 percent rise in second-quarter profit, part of what CEO George Makris called a "landmark quarter" for the fast-growing financial holding company.

Arvest Consumer Survey Shows Arkansans Mixed on Economy's Health

by Lee Hogan and Lance Turner 7/17/2014 08:57 am

Arvest Bank's first consumer sentiment survey finds Arkansans have a dimmer outlook on the economy than their neighbors in Oklahoma and Missouri.

TeleTech, Open in Sherwood, Plans New Center in Jonesboro, 150 Jobs

by Lance Turner 7/17/2014 08:50 am

TeleTech Holdings Inc., which this week opened its new Sherwood customer service center, said Thursday that it will open a second site in Jonesboro and employ 150 people.

Another Record: Home BancShares' 2Q Profit Up 60 Percent

by Lance Turner 7/17/2014 08:30 am

Home BancShares Inc. of Conway reports second quarter profit of $28.4 million or 43 cents per share, another record and a 60 percent increase from the $17.7 million or 31 cents per share it reported in the same quarter last year.

About That Gubernatorial Race (Blake Rutherford On Politics)

by Blake Rutherford 7/16/2014 02:16 pm

Mike Ross has staked his gubernatorial hopes on playbook Gov. Mike Beebe devised eight years ago. Will it be enough to lead the Democratic hopeful to victory in November?

Minimum Wage Plan Meets Initial Signature Count

by Associated Press 7/16/2014 01:45 pm

A proposal to gradually raise Arkansas' minimum wage is one step closer to appearing on the November ballot after petitions for the measure passed an initial signature count.

Study: US Millennials Buying Homes Later

by Associated Press 7/16/2014 11:36 am

Don't blame the millennial generation for lackluster home sales. They are increasingly ethnically diverse, more educated and less likely to be married — all factors that make them less likely to own a home, said a new report released Wednesday by Trulia.

Baptist Health Names Little Rock Campus for Russ Harrington

by Arkansas Business Staff 7/16/2014 10:20 am

Baptist Health has named its Little Rock campus after Russ Harrington, its former president and CEO, who retired July 1.

Mike Ross Edges Asa Hutchinson in June Fundraising

by Andrew DeMillo, The Associated Press 7/16/2014 07:22 am

Democratic gubernatorial nominee Mike Ross raised more than $296,000 last month, edging out his Republican rival while also spending more than twice as much as he brought in, campaign finance reports filed Tuesday showed.

TAC Air to Buy Supermarine FBO at Clinton National Airport

by Lance Turner 7/15/2014 03:39 pm

TAC Air agrees to purchase the assets of Supermarine of Little Rock LLC's fixed base operation at Clinton National Airport in Little Rock.