Today's News

Businesses Have 3 Weeks Left to Apply for Loans

by Associated Press 7/22/2014 09:33 am

Arkansas small businesses have three weeks left to apply for U. S. Small Business Administration loans because of the drought that began last July.

Alma Firm Receives Federal Grant for 'Quad Rider'

by Mark Carter 7/22/2014 08:57 am

InvoTek, a research and development firm from Alma, has received a $175,000 federal grant for development of the "Quad Rider," a gear and braking device that helps people with disabilities safely operate a handcycle.

Home BancShares Raises Quarterly Dividend 33 Percent

by Arkansas Business Staff 7/21/2014 11:21 am

Home BancShares Inc. of Conway raises its quarterly dividend 33 percent to 10 cents per share.

Fort Smith Stays on Top of Arkansas Tech Business Index

by Lee Hogan 7/21/2014 09:42 am

For the second consecutive month, Fort Smith had the highest ATBI value in April. The city saw a decrease of 1.6 points between March and April, however, its 106.99 rating was good enough to best its closest competitors.

Student Entrepreneurs at eStem Get Their Own Space: The Vault

by Mark Carter 7/21/2014 08:02 am

The Vault is an internal incubator for student entrepreneurs set inside what once was the underground vault of the former Federal Reserve Bank at Third and Louisiana streets in downtown Little Rock. The building now serves students in grades 9-12 as eStem High School.

Chris Christie, Mitt Romney to Stump for Asa Hutchinson

by Associated Press 7/21/2014 07:29 am

Republican gubernatorial candidate Asa Hutchinson is enlisting the help of former Republican presidential nominee Mitt Romney and New Jersey Gov. Chris Christie next month.

NLR Sports Memorabilia Dealer John Rogers Sued for Missed Payment

by George Waldon 7/21/2014 12:00 am

A dispute over the $1.35 million acquisition of a treasure trove of historic Major League Baseball images recently took the field in Pulaski County Circuit Court. The heir and former keeper of the famed George Burke & George Brace Collection of photographic negatives sued North Little Rock businessman John Rogers and his Sports Card Plus Inc.

Bank of the Ozarks Responds to 'Say on Pay' Vote

by Gwen Moritz 7/21/2014 12:00 am

Say-on-pay votes are not binding in the first place, and the vast majority pass, but say on pay is having an impact even for companies whose compensation packages get voter approval, and a perfect example is in Little Rock: Bank of the Ozarks Inc.

Layoffs, Branch Closures Firming Up as Simmons Readies To Close on Delta Trust

by Arkansas Business Staff 7/21/2014 12:00 am

Some employees of Delta Trust & Bank were given notice last week that they might not be with the company after it is acquired by Simmons First National Corp. of Pine Bluff next month.

Wal-Mart Execs Naturally Dominate List of Executive Compensation

by Gwen Moritz 7/21/2014 12:00 am

Top executives at the world's largest company continue to dominate Arkansas Business' annual list of public company executive compensation, starting with the new CEO, Doug McMillon.

Top Brands Fuel Tyson's Biggest Play

by Marty Cook 7/21/2014 12:00 am

Tyson officially began the process of buying Hillshire Brands Co. of Chicago on Wednesday, according to a filing with the Securities & Exchange Commission. For Tyson executives, though, the chance to acquire Hillshire's enviable top-rated brands was irresistible.

Arkansas Law Grads Still Finding Tight Market

by Mark Friedman 7/21/2014 12:00 am

The University of Arkansas at Little Rock's Bowen School of Law said it is reducing its enrollment for the fall because of the tight job market for new attorneys.

Wal-Mart Bribery Case Creeps Along in Court

by Mark Friedman 7/21/2014 12:00 am

A U.S. District Court judge in Arkansas ruled last month that a lawsuit filed in 2012 against Wal-Mart Stores Inc. and its directors over allegations of bribery in Mexico can move forward.

Deltic Timber's Ray Dillon on Staying Smart When Branching Out

by Arkansas Business Staff 7/21/2014 12:00 am

Ray Dillon, who has led Deltic Timber Corp. of El Dorado since July 1, 2003, also works with both industry trade associations and community-oriented nonprofit organizations.

Arkansas Near Bottom in Ranking Of States by Job Creation in Past 5 Years

by Associated Press 7/18/2014 01:30 pm

Since the Great Recession officially ended in June 2009, the U.S. economy has generated 7.8 million jobs. But the gains haven't been spread evenly across the country. Some states have boomed. Others have struggled.

Mark Pryor Holds Manufacturing Summit in Little Rock

by Lee Hogan 7/18/2014 12:41 pm

U.S. Sen. Mark Pryor met with various Arkansas manufacturing companies Friday morning in Little Rock to discuss the improvement of job opportunities in the sector.

Alcohol Sales Amendment Falls Short of Signatures, Has 30 Days to Collect More

by Lee Hogan 7/18/2014 12:20 pm

An amendment that would legalize alcohol sales across the state has 30 days to gain the more than 17,000 signatures it needs to be put on the November ballot. Arkansas Secretary of State Mark Martin said Friday after the verification process, the Arkansas Alcoholic Beverage Amendment fell short of the 78,133 required signatures.

Crittenden County Regional Hospital Reopens After Fire

by Associated Press 7/18/2014 10:52 am

A West Memphis hospital says it has opened its doors this week after it closed down a month ago from a fire.

Arkansas Unemployment Rate Falls to 6.2 Percent But Labor Force Smaller

by Lee Hogan 7/18/2014 09:42 am

Arkansas' unemployment rate fell for the ninth consecutive month in June to 6.2 percent. It marks the fourth consecutive month that the state's unemployment rate has been below 7 percent.

Officials: Up to $100M Needed for New Prison

by Andrew DeMillo, The Associated Press 7/18/2014 07:57 am

Arkansas corrections officials told lawmakers Thursday they'll need up to $100 million to build a new prison and $25 million to operate it annually in order to ease prison overcrowding.