Today's News

Lew Says Congress Should Turn Efforts Toward Business Taxes

by Associated Press 1/22/2015 11:31 am

The Obama administration is pushing Congress to simplify federal business taxes after Treasury Secretary Jacob Lew said Democrats and Republicans are too far apart to agree on sweeping changes to taxes paid by individuals and families.

J.B. Hunt 4Q Net Income Up 20 Percent

by Marty Cook 1/22/2015 11:24 am

J.B. Hunt Transport Services Inc. of Lowell reported fourth-quarter net income of $110 million, or 93 cents per share, on Thursday.

Judge Orders Brandon Barber to Pay $450K in Restitution

by Lance Turner 1/22/2015 10:05 am

U.S. District Judge P.K. Holmes orders former northwest Arkansas real estate developer Brandon Barber to pay $450,000 in restitution to First Federal Bank, a figure significantly less than what the U.S. Attorney's office calculated last fall.

Simmons First 4Q Earnings Reach $12.6M

by Lance Turner 1/22/2015 09:37 am

Simmons First National Corp. of Pine Bluff reports a 234 percent increase in fourth-quarter earnings, as the financial holding company integrated recent acquisitions, added to revenue streams and controlled expenses.

Family of Comedian Killed in Wal-Mart Crash Settles Claim

by Associated Press 1/22/2015 07:36 am

The family of James McNair, a comedian killed in a New Jersey Turnpike crash that seriously injured Tracy Morgan last summer, has settled a wrongful-death claim with Wal-Mart.

The Root Café Gets $150K Grant from JPMorgan Chase Bank

by Lee Hogan 1/21/2015 04:30 pm

Jack and Corri Sundell, owners of The Root, received a $150,000 grant from JPMorgan Chase. The Root was one of 20 grant recipients in the JPMorgan Chase Mission Main Street program, and the only one in Arkansas.

Arkansas Senate Committee Advances Asa Hutchinson's Tax Cut Plan

by Andrew DeMillo, The Associated Press 1/21/2015 03:11 pm

The Senate Revenue and Taxation Committee on Wednesday endorsed Gov. Asa Hutchinson's proposal to cut income taxes 1 percent for those making between $21,000 and $75,000 a year. Hutchinson was sworn in last week and campaigned on the tax cut promise.

Jacksonville Funeral Home License Suspended in Emergency Action

by Gwen Moritz 1/21/2015 02:42 pm

The Arkansas State Board of Embalmers & Funeral Directors votes for an emergency suspension of the licenses of Arkansas Funeral Care of Jacksonville and its manager, LeRoy Wood, after an inspector testified that she was "taken aback" by the conditions under which bodies were being held.

JBU Announces $125M Campaign, $5M in Donations

by Arkansas Business Staff 1/21/2015 02:28 pm

John Brown University of Siloam Springs on Wednesday announced about $5 million in new gifts toward a $125 million fundraising campaign the university is calling "Campaign for the Next Century: A Hope and Future."

Bill by Nate Bell Would Remove Robert E. Lee from MLK Day

by Associated Press 1/21/2015 01:26 pm

Robert E. Lee's birthday would no longer be celebrated on the same day as Martin Luther King Day under a bill introduced by an Arkansas lawmaker.

Under Proposed Bill, Arkansas Write-In Candidates Face 90-Day Deadline

by Associated Press 1/21/2015 01:23 pm

Write-in candidates would be required to meet a 90-day deadline to notify state and local election officials that they are running, under a bill approved Wednesday by an Arkansas House committee.

Tyson Foods Foundation, Family Donate $500K to UA's eVersity

by Arkansas Business Staff 1/21/2015 10:47 am

The Tyson Foods Foundation Inc. and the Tyson family have donated $500,000 to the University of Arkansas System's online university, eVersity.

Jerry Jones Gives $10.65M to University of Arkansas Athletic Department

by Arkansas Business Staff 1/21/2015 10:22 am

The Jones' gift is a combination of cash to be paid over a five-year period and land donated to the Razorback Foundation. The donation will address several projects of the university's athletics department, including a 55,000-SF student-athlete center.

Frank Broyles Family Wants Arkansas Law to Keep Publicity Rights

by Associated Press 1/21/2015 09:55 am

The family of legendary former Razorbacks coach Frank Broyles wants a new state law to create publicity rights allowing public figures more control over how their likenesses are used.

State PSCs OK Windstream REIT

by Sean Beherec 1/21/2015 09:32 am

Windstream Holdings Inc. of Little Rock on Wednesday said it has received regulatory approval from all of the state public service commissions required before its real estate investment trust could spin off from the company.

Hutchinson Moves Budget Plan Reveal to Next Week

by Andrew DeMillo, The Associated Press 1/20/2015 04:26 pm

Gov. Asa Hutchinson says his budget is relying on surplus funds, revenue growth and cuts to some state agencies to pay for his proposal to cut taxes for the middle class by $102 million a year. The Republican governor began briefing lawmakers on highlights of his budget, but delayed until next week his plan to unveil the proposal.

Arkansas Scholarship Winners Could Defer for 2 Years Under Bill

by Associated Press 1/20/2015 03:16 pm

College students would be able to defer their state scholarships for up to two years for community service or family emergency under a bill passed by the Arkansas House.

Tyson Foods to Pay $539,000 for Spill in Southwest Missouri

by Associated Press 1/20/2015 01:24 pm

Tyson Foods Inc. will pay more than $530,000 for a chemical spill that killed more than 100,000 fish and caused a southwest Missouri town's wastewater treatment system to fail, Missouri Attorney General Chris Koster announced Tuesday.

Windstream Appoints 2 Senior Vice Presidents

by Sean Beherec 1/20/2015 01:10 pm

Windstream Holdings Inc. of Little Rock on Tuesday announced the appointments of two senior vice presidents.

US Supreme Court Won't Hear Dispute Over Debit Card Fees

by Associated Press 1/20/2015 11:10 am

The Supreme Court on Tuesday rejected a challenge from retailers who claim the Federal Reserve allows banks to charge businesses too much for handling debit card transactions.