Today's News

ConAgra to Pay $11.2M to Settle Salmonella Criminal Case

by Associated Press 5/20/2015 11:22 am

ConAgra Foods has agreed to pay $11.2 million in criminal fines and forfeitures to settle a charge that the company shipped salmonella-tainted Peter Pan peanut butter from its Georgia plant more than eight years ago.

5 Global Banks Fined More Than $5B, to Plead Guilty to Market Rigging

by Associated Press 5/20/2015 10:55 am

A group of global banks will pay more than $5 billion in penalties and plead guilty to rigging the world's currency market.

Realtors: Arkansas Home Sales Up 15 Percent

by Mark Carter 5/20/2015 09:13 am

Arkansas home sales increased by more than 15 percent in March while the price of those homes went up by more than 8 percent, according to data released Wednesday by the Arkansas Realtors Association.

Wal-Mart Announces Expansion of Veteran Hiring

by Claudia Lauer, The Associated Press 5/20/2015 06:48 am

Wal-Mart Stores Inc. says it is expanding its original plan to hire 100,000 veterans by 2018 to hire a total of 250,000 recently discharged veterans by 2020.

Altice to Buy US Cable Operator Suddenlink for $9.1B

by Associated Press 5/20/2015 06:46 am

Altice SA says it's buying a controlling stake in Suddenlink Communications in a deal that values the Missouri-based cable TV provider at $9.1 billion.

Arkansas' Top Exporters Recognized, Officials Call for Ex-Im Bank Renewal

by Mark Carter 5/19/2015 02:39 pm

At an awards ceremony recognizing the state's top exporters, Arkansas small business owners and an official with the U.S. Export-Import Bank called for the bank charter's renewal.

Official Says Arkansas' Budget Administrator Fired

by Associated Press 5/19/2015 12:46 pm

An Arkansas finance official says the state's budget administrator has been fired from the post he's held for nearly four years.

Arkansas Business Wrote About Police Investigating Richard Johns in 2012

by Lance Turner 5/19/2015 11:35 am

Arkansas Business readers have had reason to be wary of Little Rock internist Dr. Richard Johns, who's been arrested and charged with more than 180 counts of fraudulent practices.

GOP Conservatives Confident They Can Kill Ex-Im Bank

by Associated Press 5/19/2015 11:29 am

Conservatives dominating the GOP-controlled House say they are increasingly confident about killing a little-known federal agency that subsidizes overseas purchases of U.S. exports.

AECC to Add 108 Megawatts of Wind Energy

by Sean Beherec 5/19/2015 10:38 am

The AECC said it has reached an agreement to purchase energy from the Drift Sand Wind Farm outside of Oklahoma City.

Pay Raises, Online Spending Push Wal-Mart's 1Q Results Lower

by Lance Turner 5/19/2015 10:24 am

Wal-Mart Stores Inc. of Bentonville missed analysts' expectations and reported first-quarter net income down nearly 7 percent as the retailer gave raises to employees, invested in e-commerce and endured the effects of currency fluctuations.

Shoppers Could Soon Have Difficulty Finding Meat's Origin

by Associated Press 5/19/2015 07:06 am

Shoppers could soon have a harder time finding out where some of their red meat comes from.

Gleason: Record Loan Growth, Other Factors Boosted Bank of the Ozarks

by George Waldon 5/18/2015 03:15 pm

Record growth in loans, unfunded loans and deposits helped return Bank of the Ozarks to its familiar road of record earnings. The company held its annual shareholders meeting Monday at the corporate headquarters in west Little Rock.

Justices Make It Easier to Sue over 401(k) Retirement Plans

by Associated Press 5/18/2015 10:53 am

The Supreme Court ruled unanimously Monday in favor of participants in employee retirement plans who object to companies' investment decisions that eat into retirement savings.

Lawrence Whitman Named Dean of EIT College at UALR

by Arkansas Business Staff 5/18/2015 10:32 am

Lawrence Whitman has been named the new dean of the Donaghey College of Engineering and Information Technology (EIT) at the University of Arkansas at Little Rock, the university Monday.

Monticello Fights Back in $10M Water Project Case

by Mark Friedman 5/18/2015 10:15 am

The city of Monticello filed its counterclaim on Friday against the Illinois contractor hired for a $10 million water project.

Special Session Puts Focus Back on Jobs (Andrew DeMillo Analysis)

by Andrew DeMillo, The Associated Press 5/18/2015 06:59 am

An effort to lure a major defense contract to south Arkansas is offering Gov. Asa Hutchinson a chance to put the focus back on jobs weeks after a legislative session that ended with an unexpected fight over a religious objections law. But the special session planned later this month could also renew the debate over how much a Republican-controlled Legislature is willing to shed its dislike of government spending in exchange for the promise of a major economic development project.

Filmmaker's Papers Headed to University of Arkansas

by Associated Press 5/18/2015 06:55 am

Just like theories of the Phantom Killer and the Fouke Monster persist and thrive in the imagination after so many years, the Charles B. Pierce legacy lives on, alive and well, even beyond the big screen.

Greg Hatcher Sells Partial Interest in Insurance Agency

by Arkansas Business Staff 5/18/2015 12:00 am

Greg Hatcher of The Hatcher Agency says he did sell an interest in the downtown Little Rock insurance agency to Acrisure LLC of Caledonia, Michigan.

Mountain Pure Sues Supplier for Selling Resin Mixed With Metal

by Arkansas Business Staff 5/18/2015 12:00 am

Even though the assets of the water bottling company were sold last year after a foreclosure auction on the steps of the Pulaski County Courthouse, John Stacks retained control of the shell of the company.