Today's News

Retail Group: Sales to Grow 3.7 Percent to 4.2 Percent

by Anne D'Innocenzio, The Associated Press 2/8/2017 10:24 am

The nation's largest retail trade group is predicting that annual retail sales will increase between 3.7 percent and 4.2 percent this year.

Wal-Mart Aims to Leverage British Arm Asda Back to Health

by James Davey, Reuters 2/8/2017 10:11 am

Wal-Mart is throwing its weight as the world's largest retailer behind its struggling British arm Asda after admitting it was too slow to respond effectively to the threat posed by the discount supermarkets.

ArcBest 4Q Net Income Drops On Restructuring Plan

by Marty Cook 2/8/2017 09:19 am

ArcBest Corp. of Fort Smith reported 2016 fourth-quarter income Wednesday of $1.58 million, down from the $5 million in the same quarter a year ago.

Arkansas House Passes Bill Aimed at Collecting Amazon Taxes

by Andrew DeMillo, The Associated Press 2/8/2017 06:58 am

Amazon would be required to tell Arkansas customers they owe the state sales tax under a bill approved by the House Tuesday, one of two efforts by lawmakers to recover millions in tax revenue from the e-commerce giant.

Driver Costs, Insurance Put Brakes on PAM in 4Q

by Marty Cook 2/7/2017 04:28 pm

PAM Transport Services Inc. of Tontitown reported fourth-quarter income Tuesday of $722,000, down from $3.2 million in the same quarter of 2015.

JRMC Names Brian Thomas President, CEO

by Lance Turner 2/7/2017 04:01 pm

Jefferson Regional Medical Center in Pine Bluff said Tuesday that its board of directors had named Brian Thomas as its new president and CEO.

Highway Director Scott Bennett Talks 30 Crossing, Money for Roads

by Sarah Campbell 2/7/2017 03:50 pm

The Arkansas Highway & Transportation Department is keeping its promises and has many irons in the fire, Director Scott Bennett told the Little Rock Rotary Club on Tuesday.

Cities, County On Board With CDS Crime Cams

by Arkansas Business Staff 2/7/2017 01:21 pm

Cellular Data Solutions of Bryant announced Monday that the cities of Little Rock, North Little Rock and Maumelle, along with the Pulaski County Sheriff's Office, have signed an agreement of understanding with CDS to accept its “police alarm notifications” to their internet-connected devices and smartphones.

8th Circuit Hears Forum Shopping Case Involving Goodson

by Mark Friedman 2/7/2017 01:13 pm

The 8th Circuit Court of Appeals heard oral arguments Tuesday to determine if a sanction will stand against attorney John Goodson of Texarkana and four other lawyers found to have engaged in "forum shopping" in an Arkansas class-action case.

US Senate Confirms DeVos as Education Secretary

by Associated Press 2/7/2017 11:34 am

The Senate has confirmed school choice activist Betsy DeVos as Education secretary, with Vice President Mike Pence breaking a 50-50 tie.

US House GOP Advises Members on Handling Anti-Trump Protests

by Associated Press 2/7/2017 11:15 am

U.S. House leaders are actively discussing how to handle Trump protesters swamping their town halls, district offices and phone lines, urging their Republican members to be polite and — if necessary — offer "milk and cookies."

Inuvo Buys NetSeer, Expects 4Q Revenue Growth

by Sarah Campbell 2/7/2017 10:10 am

Ad technology and digital publishing company Inuvo Inc. of Little Rock acquires NetSeer Inc., a provider of visual monetization solutions for advertisers and publishers.

USA Truck's New CEO: Financial Results 'Unacceptable'

by Marty Cook 2/7/2017 09:41 am

USA Truck Inc. of Van Buren finished a tumultuous year, reporting its fourth consecutive quarter of declines, with its new CEO calling the logistics company's financial performance "unacceptable."

Change to Higher Ed Funding Formula Heads to Governor's Desk

by Associated Press 2/7/2017 06:59 am

Arkansas lawmakers have given their final approval and sent to the governor to a plan to link college and university funding to factors such as the number of students who complete their degrees.

Arkansas Senate OKs Bill Forcing Amazon to Collect Taxes

by Associated Press 2/6/2017 04:36 pm

The Arkansas Senate has approved a bill aimed at forcing Amazon to begin collecting state sales taxes, a plan backed by Wal-Mart and lawmakers who say the state is missing out on $100 million in revenue.

Arkansas Realtors: December Homes Sales Up 8 Percent

by Arkansas Business Staff 2/6/2017 11:22 am

The Arkansas Realtors Association says home sales rose 8 percent in December, and year-to-date sales were up nearly 12 percent.

AGFC Renames Wildlife Area to Honor George Dunklin Jr.

by Arkansas Business Staff 2/6/2017 10:37 am

The Arkansas Game & Fish Commission votes to rename the Bayou Meto Wildlife Management Area in honor of George Dunklin Jr. of Stuttgart.

Walton Foundation Contributes $750K to Delta Business Loans

by Arkansas Business Staff 2/6/2017 10:09 am

The Walton Family Foundation says it is partnering with Southern Bancorp Community Partners to promote economic development in the Delta with a $750,000 investment.

Update: Tyson Foods 1Q Beats; Company Reports SEC Subpoena

by Reuters 2/6/2017 07:31 am

Tyson Foods Inc. of Springdale reports better-than-expected quarterly revenue and profit. It also said it received a subpoena from the U.S. Securities and Exchange Commission.

Revenue Dip Complicates Arkansas Tax Cut Push (Andrew DeMillo Analysis)

by Andrew DeMillo, The Associated Press 2/6/2017 06:51 am

The specter of budget cuts and sluggish tax collections are prompting new concerns about the state's finances, and show the difficulty the governor and fellow Republicans will face as they try to craft a plan to slash rates even more in the 2019 session.

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