Today's News

Details of Delinquent Dennis Smiley Loans

by George Waldon 8/8/2014 08:06 am

Ten banks that loaned money to Dennis H. Smiley Jr. included details about their claims in court filings. Total outstanding on the 20 loans is nearly $2 million.

First Security Bank Forecloses on Dennis Smiley Home

by George Waldon 8/8/2014 08:02 am

First Security Bank of Searcy files a foreclosure lawsuit on a $200,000 loan secured by Dennis Smiley's home in Rogers.

Gary Head: Smiley Told Me He'd Made Mistakes

by George Waldon 8/8/2014 08:00 am

Gary Head, chairman, president and CEO of Fayetteville's Signature Bank of Arkansas, says he learned of the multimillion-dollar loan scandal involving Dennis Smiley Jr. in a phone call from Smiley himself.

Arvest Bank Settles With 18 Dennis Smiley Creditors

by George Waldon 8/8/2014 07:58 am

Arvest Bank of Fayetteville has settled with 18 of 20 creditors who loaned money to one of its former executives, Dennis Smiley Jr. Only First State Bank of De Queen, where Smiley's namesake father is chairman, and Signature Bank of Arkansas in Fayetteville remain as possible claimants seeking money from Smiley's Arvest Bank Group stock purchase and stock option plans.

Immigration Heats Up Arkansas Senate Race

by Andrew DeMillo, The Associated Press 8/7/2014 04:12 pm

Democratic U.S. Sen. Mark Pryor and Republican challenger Tom Cotton targeted each other's records on border security Thursday in competing television ads, signaling the importance of the immigration issue in a race that could help determine which party controls the chamber.

Oil Boom and Housing Bust Alter US Spending Trends

by Associated Press 8/7/2014 02:16 pm

North Dakotans, enriched by an oil boom, stepped up their spending at triple the national pace in the three years that followed the Great Recession. In Nevada, smacked hard by the housing bust, consumers barely increased their spending.

Mike Ross Unveils 'Bill of Rights' for Older Arkansans

by Andrew DeMillo, The Associated Press 8/7/2014 01:38 pm

Democratic gubernatorial hopeful Mike Ross on Thursday proposed appointing a "chief seniors advocate" in his office and setting up a website to access services as part of a package aimed at helping older Arkansans.

Update: Cliff Beckham to Resign From USA Truck

by Marty Cook 8/7/2014 01:36 pm

USA Truck Inc. of Van Buren says Clifton R. Beckham, the company's former CEO and now its executive vice president and CFO, will resign effective Sept. 30, part of a planned transition that began when Beckham helped hire the trucking firm's chief executive John Simone.

Arkansas Consumer Spending Up Since 2009

by Associated Press 8/7/2014 01:24 pm

New government data shows that Arkansas had the second-lowest per-person consumer spending in 2012, but the state still saw a jump of more than 12 percent since 2009.

Murphy USA 2Q Income Up 4 Percent

by Michelle Corbet 8/7/2014 11:35 am

Murphy USA Inc. of El Dorado announces second-quarter income from continuing operations $73.2 million, or $1.57 per diluted share, up 4 percent from $70.3 million, or $1.50 per diluted share, in the same quarter last year.

Mark McLarty Buys Bale Honda in Little Rock

by Lance Turner 8/7/2014 09:01 am

Mark McLarty has acquired Bale Honda in Little Rock from John H. “Johnny” Bale and John Sahene. The dealership will operate as Landers-McLarty Honda, with Steve Landers Jr. overseeing day-to-day operations.

Update: Windstream 2Q Net Income Down 65 Percent

by Lance Turner 8/7/2014 07:19 am

Windstream Holdings Corp. of Little Rock reports second-quarter net income of $14 million, or 2 cents per share, down 65 percent from $40 million, or 6 cents per share, the same quarter last year.

Sports Memorabilia Dealer John Rogers' North Little Rock Home for Sale for $2.5M

by Mark Friedman 8/6/2014 09:35 pm

The mansion of North Little Rock sports memorabilia dealer John Rogers is for sale with an asking price of $2.5 million, according to a Facebook post by Rogers' wife.

New Ads Buys Escalate Arkansas Senate Race

by Associated Press 8/6/2014 03:52 pm

Senate Democrats' campaign arm on Tuesday began a $3.6 million ad blitz against Republican Tom Cotton as one of the longest and most intense Senate races in the nation moved toward the final stretch.

A Program Worth Bridging The Ideological Divide (Robert Coon On Politics)

by Robert Coon 8/6/2014 03:01 pm

The growing rift between mainstream, establishment Republicans and their more conservative, Tea Party colleagues threatens to engulf every major policy issue coming down the pike in Congress.

Arkansas Judge Mike Maggio to be Suspended for Online Comments

by Associated Press 8/6/2014 02:36 pm

An Arkansas judge has agreed to never seek judicial office again in the state after admitting that he made inappropriate comments online, including the revelation of confidential details involving actress Charlize Theron's adoption of her son.

Terry Stewart, Former Rock Hall CEO, Joins El Dorado Festivals & Events

by Michelle Corbet 8/6/2014 11:27 am

Terry Stewart, former president and CEO of the Rock and Roll Hall of Fame and Museum in Cleveland, is bringing his entertainment industry expertise to El Dorado.

Russellville Accepts Convention Center Proposal

by Associated Press 8/6/2014 11:17 am

Russellville city officials have accepted a proposal from a Tennessee firm to build a convention center and hotel complex in Arkansas.

Union Power Partners Files for Chapter 11 Reorganization

by Mark Friedman 8/6/2014 11:07 am

The Entegra Power Group LLC of Tampa, Florida, and several of its subsidiaries, including Union Power Partners L.P., of El Dorado, files for Chapter 11 bankruptcy protection.

Little Italy Seeks Incorporation As A City

by Arkansas Business Staff 8/6/2014 10:56 am

The nearly 100-year-old community of Little Italy in eastern Perry County is seeking incorporation as a municipality.