Today's News

Oshkosh Corp. Beats Lockheed Martin, AM General to Make JLTVs

by Lance Turner 8/25/2015 04:05 pm

The U.S. Army on Tuesday awarded a contract to build the military's new Joint Light Tactical Vehicle to Oshkosh Corp. of Oshkosh, Wisconsin, beating Lockheed Martin, which would have made the vehicles in Camden.

Asa Hutchinson Seeks $1M for Foster Care Caseworkers

by Claudia Lauer, The Associated Press 8/25/2015 03:32 pm

Gov. Asa Hutchinson announced Tuesday that he has signed a letter asking the Legislature to approve spending about $1 million in rainy day funds on 40 additional workers in the state's foster care system.

Insurance Hikes Through State Marketplace Top Out at 7 Percent

by Gwen Moritz 8/25/2015 02:14 pm

Health insurance plans sold to Arkansans through the health insurance marketplace will increase in cost by no more than 7.15 percent next year, according to the Arkansas Insurance Department.

Military Close to Awarding JLTV Contract

by Andrea Shalal, Reuters 8/25/2015 01:26 pm

The U.S. Army is expected to award a contract on Tuesday for a new armored truck to replace thousands of aging Humvees, a long-awaited deal that could be worth up to $30 billion for the winning team.

US Stocks Surge after China Cuts Rates to Help Economy

by Associated Press 8/25/2015 11:50 am

Stocks surged Tuesday morning on Wall Street, erasing some of the heavy losses of a day earlier, after China cut interest rates to try to boost the world's second-largest economy.

Hutchinson Names Law Professor as New Chief Justice

by Mark Carter 8/25/2015 11:33 am

Long-time University of Arkansas law professor Howard Brill will serve out the term of retiring Arkansas Supreme Court Chief Justice Jim Hannah, Gov. Asa Hutchinson announced Tuesday.

Update: Dennis Smiley Jr. Pleads Guilty to Bank Fraud

by Gwen Moritz and Marty Cook 8/25/2015 11:28 am

H. Dennis Smiley Jr., the former president of Arvest Bank's Benton County market, waived indictment and pleaded guilty to defrauding 20 banks out of more than $4 million.

Donald W. Reynolds Foundation Gives $7.9M to UAMS

by Arkansas Business Staff 8/25/2015 10:04 am

The Donald W. Reynolds Foundation has given a $7.9 million grant to the Schmieding Home Caregiver Training Program at the University of Arkansas for Medical Sciences.

Mike Huckabee Criticizes China, Trade Deals after Market Drop

by Andrew DeMillo, The Associated Press 8/25/2015 07:07 am

Republican presidential hopeful Mike Huckabee accused China on Monday of reneging on trade deals and continued his push for a national sales tax.

Global Markets Rebound as China Cuts Interest Rates to Help Economy

by Associated Press 8/25/2015 06:52 am

Global markets rebounded Tuesday after China's central bank cut its key interest rate to support growth in the world's second-largest economy. Earlier, China's main stock index closed sharply lower for a fourth day.

The Hive, LR's Newest Entrepreneurial Space, Goes Live Sept. 1

by Mark Carter 8/24/2015 03:31 pm

The Hive is being billed as a co-working lifestyle space for creatives and entrepreneurs. It's part of Bespoke Media Group's new headquarters at 2207 Cantrell Road.

Dow Jones Finishes Down 588 Points After Day of Massive Swings

by Associated Press 8/24/2015 03:04 pm

U.S. stocks are closing sharply lower, with the Dow Jones industrial average down more than 588 points and the Standard & Poor's 500 index now down more than 10 percent off its recent high.

Eldridge Says He's Looking at US Senate Race in Arkansas

by Andrew DeMillo, The Associated Press 8/24/2015 03:01 pm

Former federal prosecutor Conner Eldridge says he's considering challenging Republican U.S. Sen. John Boozman in Arkansas next year, and plans to make a decision in the coming weeks.

U.S. Renal Care Merges with DSI Renal

by Alexis Hosticka 8/24/2015 02:22 pm

U.S. Renal Care Inc. and DSI Renal announced Monday they have entered into a definitive merger agreement.

ADEQ: Clean Power Plan Final Rule Improvement Over Draft

by Mark Carter 8/24/2015 12:40 pm

Arkansas is in better shape under the federal Clean Power Plan final rule than it was under the plan's draft, Arkansas Department of Environmental Quality Director Becky Keogh said Monday.

US Stocks Pare Losses after 1,000-Point Dow Plunge

by Associated Press 8/24/2015 11:27 am

Though the Dow's declines eased significantly as the morning went on, it sent a shiver of fear through Americans with retirement accounts or saving to buy a home that the bull market is over.

Belk to Sell Itself, Go Private in $3B Deal

by Associated Press 8/24/2015 10:47 am

Department store chain Belk Inc. says it has agreed to sell itself to New York-based private equity firm Sycamore Partners and go private in a deal that it valued at about $3 billion.

Outlets of Little Rock Announce Retailers

by Alexis Hosticka 8/24/2015 10:15 am

Outlets of Little Rock, a 325,000-SF outlet center opening on Oct. 16 next to Bass Pro Shops in Little Rock, is announcing stores all through this week.

Newk's Opening Sixth Arkansas Restaurant

by Alexis Hosticka 8/24/2015 09:18 am

Newk's Eatery is opening a fourth restaurant in the Little Rock area at 11 a.m. on Monday, Aug. 31.

Here's Why Stocks Are Tumbling 6 Years into the Bull Market

by Associated Press 8/24/2015 06:57 am

For years, investors in U.S. stocks shrugged off threats — a government shutdown, fear of a euro collapse, a near U.S. debt default — and just kept on buying. Now, buyers are hard to find.