Today's News

UA Earns Record $101.7M in Research Funding

by Arkansas Business Staff 9/22/2016 10:08 am

The University of Arkansas says it received $101.7 million in research — the highest level in the university's history and 27 percent more than it got in 2015 — for the fiscal year that ended June 30.

Wal-Mart to Face Class Action Over Alleged Bribery in Mexico

by Associated Press 9/22/2016 09:41 am

A U.S. judge is granting class action status to Wal-Mart investors suing the world's largest retailer over allegations that it covered up a bribery scheme in Mexico. The allegations included that Wal-Mart's Mexican unit paid millions of dollars in bribes to speed building permits and gain other favors.

Appeals Panel Weighs Arkansas Planned Parenthood Case

by Associated Press 9/22/2016 06:54 am

A federal appeals panel is considering whether to uphold or strike down a judge's decision to temporarily block Arkansas from cutting off Medicaid payments for three Planned Parenthood patients.

Fed Keeps Key Rate Unchanged But Hints of Coming Hike

by Associated Press 9/21/2016 02:11 pm

The Federal Reserve is keeping its key interest rate unchanged but signaling that it will likely raise rates before year's end.

NIH Gives UAMS $42M to Oversee Pediatric Clinical Trial Network

by Arkansas Business Staff 9/21/2016 11:27 am

The National Institutes of Health awards UAMS a $41.8 million grant to oversee a pediatric clinical trial network.

McLarty Automotive Plans $10M Dealership in Benton

by Arkansas Business Staff 9/21/2016 11:17 am

McLarty Automotive Group on Wednesday announces plans to build a new, 30,000-SF McLarty Nissan dealership off Interstate 30 in Benton.

Former Arkansas Gov. Mike Beebe Opposes Casinos Measure

by Associated Press 9/21/2016 11:06 am

Former Arkansas Gov. Mike Beebe is opposing a ballot measure that would legalize casinos in three counties. He said a statewide vote on the issue would run counter to the state's tradition of allowing local communities to decide whether to allow liquor sales.

Skyline Report: New Construction, Occupancy Strong in Northwest Arkansas

by Arkansas Business Staff 9/21/2016 11:01 am

The vacancy rate on commercial property in northwest Arkansas is 12.7 percent, up from 12.4 percent in the second half of 2015, according to the Arvest Bank's Skyline Reports for the first six months of 2016.

Crystal Bridges Announces First Recipient of $200K Don Tyson Prize

by Jan Cottingham 9/21/2016 10:34 am

Crystal Bridges Museum of American Art is giving the first Don Tyson Prize, a $200,000 award, to the Smithsonian Institution's Archives of American Art.

Rogers Airport Gets $5.8M Grant for Improvements

by Associated Press 9/21/2016 09:01 am

Members of Arkansas' congressional delegation announced Tuesday that the Rogers Executive Airport received the $5.8 million in funding from the Federal Aviation Administration.

Arkansas Among 21 States Suing to Block Overtime Pay Expansion

by Associated Press 9/20/2016 04:25 pm

A coalition of 21 states sued the U.S. Department of Labor Tuesday over a new rule that would make about 4 million higher-earning workers eligible for overtime pay.

Nucor Corp. Plans New $230M Mill at Blytheville, 100 Jobs

by Lance Turner 9/20/2016 04:01 pm

Nucor Corp. says it will add a $230 million cold mill to its Blytheville operation as it seeks to grow sales to the automotive market.

Bragg: Lottery Generated $35M in Scholarships for Sebastian County

by Marty Cook 9/20/2016 03:27 pm

The Arkansas Scholarship Lottery has meant millions for Sebastian County students and the University of Arkansas-Fort Smith since the lottery started Sept. 28, 2009, according to its director of advertising and marketing.

FedEx Opens Little Rock Ground Facility, Employs 175

by Alexis Hosticka 9/20/2016 02:50 pm

FedEx Corp. of Memphis marks the grand opening of its new 303,000-SF Ground facility in southwest Little Rock, where the company employs 175 people.

Bad Boy Mowers Begins Exports to Australia

by Lance Turner 9/20/2016 02:42 pm

Bad Boy Mowers of Batesville, which makes a range of zero-turn lawn mowers for residential and commercial use, has begun exporting mowers to Australia.

Restaurant Vets Jim Keet, Louis Petit to Open Petit & Keet Bar & Grill

by Jan Cottingham 9/20/2016 02:25 pm

Little Rock restaurateur Jim Keet is joining forces with restaurant industry veteran Louis Petit to open Petit & Keet Bar & Grill in the former 1620 Savoy at 1620 Market St. in west Little Rock. Keet expects renovations to take a couple of months and hopes to be open for business by mid-November.

Arkansas Travelers Sign as Farm Team with Seattle Mariners

by Arkansas Business Staff 9/20/2016 12:09 pm

The Arkansas Travelers Double-A Texas League baseball team has a new player development contract with the Seattle Mariners Major League team.

Little Rock Zoo Director Mike Blakely to Retire in October

by Arkansas Business Staff 9/20/2016 11:48 am

Little Rock Zoo Executive Director Mike Blakely says he will retire next month after 17 years leading the state's only accredited zoo.

Amfuel to Close Magnolia Plant, Move Operations to Texas

by Lance Turner 9/20/2016 11:40 am

American Fuel Cell & Coated Fabrics Co. of Magnolia is closing its plant in Magnolia, a move that will affect up to 300 jobs, as it brings a new plant online in Texas.

Whole Foods Reaches $3.5M Environmental Waste Settlement

by Associated Press 9/20/2016 10:24 am

Whole Foods Market Inc. has reached a $3.5 million settlement with regulators over the disposal of products that were once for sale but later classified as hazardous waste.