Today's News

Macy's to Close 100 Stores, Boost Online Investment

by Associated Press 8/11/2016 11:45 am

Macy's plans to close about 100 stores next year and boost its online investments as it tries to become more nimble in an increasingly fierce market.

Average US 30-Year Mortgage Rate Ticks Up to 3.45 Percent

by Associated Press 8/11/2016 11:44 am

Long-term U.S. mortgage rates edged higher this week, though rates remain at historically low levels.

Delta Region Health Care Providers Get $1.75M in Grants

by Arkansas Business Staff 8/11/2016 10:45 am

ARcare and the Greater Delta Alliance for Health Inc. are getting $1.7 million in grant funding to reduce chronic diseases that disproportionately affect Arkansas residents.

Richardson Properties to Build $150M Complex in North Little Rock

by Sarah Campbell 8/11/2016 10:43 am

Richardson Properties LLC of North Little Rock announced on Thursday that the city's planning commission has approved its $150 million multi-family "The Pointe North Hills" development near Interstate 40 and North Hills.

CS&L Swings to 2Q Loss

by Lance Turner 8/11/2016 10:31 am

Communications Sales & Leasing Inc. of Little Rock reports a $1.5 million second-quarter loss as it closes one acquisition and prepares to take on another. Revenue was a $188.6 million, up 46 percent from the same quarter last year.

Bruce Westerman: Trump Comments Vague, Not Appropriate

by Andrew DeMillo, The Associated Press 8/11/2016 06:55 am

Republican U.S. Rep. Bruce Westerman says he doesn't think Donald Trump's declaration that gun rights supporters might still find a way to stop Hillary Clinton was appropriate since it was unclear what the candidate was trying to say.

Magellan Marks Open of 210-Mile Pipeline Extension

by Kyle Massey 8/10/2016 11:58 am

Magellan Midstream Partners LP has officially opened 210-mile extension of a petroleum products pipeline from Fort Smith to North Little Rock.

After 2014 Vote, A New Regulatory Landscape for State Agency Rules (Erika Gee Commentary)

by Erika Gee 8/10/2016 11:31 am

A constitutional amendment and an executive order by Gov. Asa Hutchinson has fundamentally changed the way state agencies issue new rules. Only now are we starting to see the practical and political effects of these changes on the regulatory process.

NanoMech Adds Bran Ferren to Board of Advisers

by Arkansas Business Staff 8/10/2016 11:16 am

NanoMech of Springdale says Bran Ferren has joined its board of advisers and is a significant investor in the company.

Oaklawn Names Vic Stauffer Its New Track Announcer

by Arkansas Business Staff 8/10/2016 11:03 am

Vic Stauffer, who has called more than 40,000 races at nearly a dozen tracks across the country, was announced Wednesday as Oaklawn's newest track announcer, beginning with the start of the 2017 season.

Murphy Oil Gains Access to $1.2B in Revolving Credit

by Kyle Massey 8/10/2016 08:09 am

Murphy Oil Corp., the El Dorado petroleum exploration and production giant, says it has commitments from its bankers and new lenders for $1.2 billion in revolving credit.

Elyxor to Hire 45 at New North Little Rock Office

by Sarah Campbell 8/9/2016 03:36 pm

Elyxor Inc., a software engineering services provider, said Tuesday that it plans to hire 45 new employees at its new Argenta office space in North Little Rock.

18 Cities See Increased ATBI Ratings in Latest Report

by Arkansas Business Staff 8/9/2016 11:20 am

Eighteen of the 20 cities on the Arkansas Tech Business Index saw their rating increase following the compilation of data for May 2016. Just one month earlier, 15 of the 20 cities on the index experienced a rating decrease.

Video: Doug McMillon on Why Wal-Mart Chose Jet.com

by Arkansas Business Staff 8/9/2016 10:23 am

Wal-Mart announced Monday that it would acquire retailer Jet.com for $3 billion. According to Wal-Mart, acquiring Jet will help the company connect with urban and millennial shoppers and compete more effectively with online retail giant Amazon.com.

NanoMech Announces New Adviser, Investor John White

by Arkansas Business Staff 8/9/2016 10:22 am

NanoMech of Springdale announced on Monday that John White, who holds a Ph.D., has been appointed to its board of advisers and is now a significant investor in the company.

John Goodson, Others Appeal Reprimands in Class-Action Case

by Mark Friedman 8/9/2016 09:35 am

Twelve plaintiffs' attorneys on Monday filed notice that they will appeal U.S. District Court Judge P.K. Holmes III's finding that they abused the court system in a controversial class-action case. The attorneys include five who were reprimanded by Holmes last week, including John Goodson, the husband of a state Supreme Court justice.

Group Sets Plans for Ten Commandments Near Arkansas Capitol

by Andrew DeMillo, The Associated Press 8/8/2016 04:28 pm

A granite monument of the Ten Commandments planned near Arkansas' Capitol will weigh 6,000 pounds and stand more than 6 feet tall, the group lined up to install the display said in an application filed Monday.

Colorado Firm Buys Witt Stephens' Arkansas Oklahoma Gas Corp.

by Arkansas Business Staff 8/8/2016 02:47 pm

Summit Utilities of Littleton, Colorado, buys 100 percent of Arkansas Oklahoma Gas Corp. of Fort Smith, which has been owned for 72 years by the Witt Stephens family of Arkansas.

Welspun in Little Rock Gets $47M Diamond Pipeline Order

by Kyle Massey 8/8/2016 01:57 pm

Welspun Tubular LLC of Little Rock has landed an order for more than $47 million in coated 20-inch pipe for the Diamond Pipeline, a 440-mile project to move crude oil from Cushing, Oklahoma, to Memphis.

Arkansas Children's Research Institute Gets $9.4M for Obesity Studies

by Arkansas Business Staff 8/8/2016 11:11 am

The Arkansas Children's Research Institute announces a $9.4 million grant funded by an Institutional Development Award from the National Institutes of Health to create a center for the study of childhood obesity.