Today's News

Update: Dennis Smiley Sentenced to 97 Months, Restitution of $4.9M

by Marty Cook 1/28/2016 11:16 am

H. Dennis Smiley Jr., the former bank president who pleaded guilty last year to bank fraud, was sentenced Thursday to 97 months in federal prison followed by two years of supervised release.

Ballet Arkansas Names Ganelle Blake Executive Director

by Arkansas Business Staff 1/28/2016 09:38 am

Ballet Arkansas announced Thursday that Ganelle Blake will lead the state's only professional ballet company as its new executive director.

UALR Names Christian O'Neal New Vice Chancellor

by Arkansas Business Staff 1/28/2016 08:53 am

University of Arkansas at Little Rock officials announced Wednesday that Christian O'Neal will take over as vice chancellor for advancement.

Blytheville School Board Approves Bus Advertisements

by Associated Press 1/28/2016 07:13 am

The Blytheville School board has approved an ordinance to put advertisements on the district's school buses.

UA Board Votes to Continue Plans for $160M Razorback Stadium Expansion

by Alexis Hosticka 1/27/2016 05:13 pm

The University of Arkansas board of trustees on Wednesday voted to move forward with the estimated $160 million expansion and renovation of Donald W. Reynolds Razorback Stadium.

4Q Loss Brings Murphy Oil's Red Ink to $2.2B in 2015

by Arkansas Business Staff 1/27/2016 04:22 pm

Murphy Oil Corp. of El Dorado on Wednesday reported a fourth-quarter loss of $587.1 million, or $3.41 per share, leading to an annual net loss of $2.2 billion, or $13.03 per share. CEO Roger Jenkins said the firm will focus on keeping operating costs low to weather low oil prices.

$6M Initiative Bringing 215 Teachers to Arkansas

by Associated Press 1/27/2016 02:56 pm

Arkansas Gov. Asa Hutchinson says $6 million is state and private funds are being used to bring more than 215 teachers to the state over the next three years.

Developers Say Movie Tavern Is Coming to Gateway Town Center

by Arkansas Business Staff 1/27/2016 02:01 pm

Developers of the Gateway Town Center in Little Rock said Wednesday that Movie Tavern, a dine-in movie theater chain, is planning a new theater at the shopping center.

Wal-Mart's Shutdown Creates New Food Deserts

by Associated Press 1/27/2016 01:15 pm

An Associated Press analysis shows that the closing of more than 150 Wal-Mart stores nationwide will create three food deserts in Alabama, Kansas and Arkansas.

Hot Springs Hires City Manager After Vetting Oregon History

by Associated Press 1/27/2016 12:32 pm

The Hot Springs Board of Directors has voted to hire a new city manager, saying his dismissal from a similar job he held in another city wasn't a concern.

US New-Home Sales Soar in December

by Associated Press 1/27/2016 11:52 am

Americans rushed to buy new homes in December at the strongest pace in 10 months, with 2015 marking the strongest year for this segment of the housing market since 2008.

Arkansas Child Welfare Director Announces Resignation

by Associated Press 1/27/2016 11:08 am

The director of Arkansas' overburdened child welfare system says she's stepping down in March after seven years in the post.

Nexstar to Buy Media General for $4.6B as Meredith Bows Out

by Associated Press 1/27/2016 11:05 am

Nexstar said Wednesday that it is buying rival TV station operator Media General after Meredith agreed to allow Media General to get out of a takeover bid for Meredith.

Highway Commission OKs $33.8M Project

by Associated Press 1/27/2016 09:52 am

The Arkansas State Highway Commission has approved a $33.8 million bid for improvements on Interstate 440 near the Bill and Hillary Clinton National Airport in Little Rock.

Boozman Touts Record on Military, Veterans with First TV Ad

by Andrew DeMillo, The Associated Press 1/27/2016 06:48 am

U.S. Sen. John Boozman touted his work on military issues Tuesday in the first television ad of his re-election bid, prompting his Democratic rival's campaign to accuse the Republican lawmaker of having a "lackluster" record on veterans.

NOWDiagnostics Moves Production to Arkansas, Could Hire 12 This Year

by Marty Cook 1/26/2016 04:43 pm

NOWDiagnostics of Springdale expects to hire as many as 12 new employees in the coming year, the company said Tuesday.

Agreement Could Put Arkansas Milled Rice in China by Spring

by Alexis Hosticka 1/26/2016 04:37 pm

The U.S. and China have agreed on a phytosanitary protocol that could allow the first commercial imports of American milled rice to that country by this spring.

Baptist Health Forms Insurance Company

by Mark Friedman 1/26/2016 04:24 pm

Baptist Health of Little Rock has created an insurance company to handle its general business insurance. Diamond Risk Insurance LLC, a wholly owned subsidiary of Baptist Health, is Arkansas' first special purpose captive insurance company, according to the Arkansas Insurance Department.

New Owners to Develop The Grove Near Outlets of Little Rock

by Alexis Hosticka 1/26/2016 03:34 pm

A private investor group has purchased about 54 acres surrounding the Outlets of Little Rock and Bass Pro Shops in southwest Little Rock, aiming to continue its development as a key entertainment district.

UA Graduate's Design for WWI Memorial Wins Competition

by Alexis Hosticka 1/26/2016 03:08 pm

University of Arkansas at Fayettevile graduate Joseph Weishaar's design was selected as the winning entry for a World War I memorial to be built in Washington, D.C.