Today's News

Arkansas Health Officials Confirm Case of Zika in Traveler

by Associated Press 1/26/2016 12:24 pm

The Arkansas Department of Health says a person who recently traveled out of the country has tested positive for the Zika virus.

Obama Administration Loosens Cuba Embargo to Allow Sales on Credit

by Arshad Mohammed and Daniel Trotta, Reuters 1/26/2016 11:45 am

The U.S. approved a wider range of commerce with Cuba on Tuesday, making it easier for U.S. companies to finance exports and do business with the Communist government on public infrastructure projects.

Governor Names Jim von Gremp to Higher Education Coordinating Board

by Arkansas Business Staff 1/26/2016 11:36 am

Gov. Asa Hutchinson on Tuesday named Jim von Gremp of Rogers to the Arkansas Higher Education Coordinating Board, effective March 1.

Murphy USA Plans for Growth Independent of Wal-Mart

by Gwen Moritz 1/26/2016 11:28 am

Murphy USA Inc. of El Dorado, the publicly traded spinoff of Murphy Oil Corp., announced Monday a "shift" in its future relationship with Wal-Mart Stores Inc. that will result in more independent gasoline retail locations.

Southwest Power Pool Adds 2 New Board Members

by Arkansas Business Staff 1/26/2016 11:01 am

Graham Edwards and Bruce Scherr were elected to the SPP board at a meeting in Oklahoma City. The appointments are effective immediately, the company said, and expand the board to nine members.

Arkansas Unemployment Rate Drops to 4.8 Percent

by Arkansas Business Staff 1/26/2016 10:26 am

Arkansas' seasonally adjusted unemployment rate dropped two-tenths of a percentage point, from 5 percent in November to 4.8 percent in December.

Razorbacks Seek Approval for $160M North End Zone Redesign, Expansion

by Mark Carter 1/26/2016 09:48 am

The University of Arkansas athletic department will seek approval from the university's board of trustees to redesign an end zone of Donald W. Reynolds Razorback Stadium.

Supreme Court Ruling Could Affect 50 Arkansas Inmates

by Associated Press 1/26/2016 06:44 am

A U.S. Supreme Court ruling issued Monday will allow more than 50 Arkansas inmates serving life sentences without parole for murders they committed as juveniles a chance to one day be free, but how that will happen is still in question.

Arkansas Governor's Son Arrested on Drunk Driving Charge

by Associated Press 1/25/2016 02:53 pm

State Police say Arkansas Gov. Asa Hutchinson's son has been arrested on suspicion of drunken driving after his car hit a guardrail.

Federal Judge OKs Bid to Expand Planned Parenthood Case

by Andrew DeMillo, The Associated Press 1/25/2016 02:48 pm

A federal judge has approved Planned Parenthood's request to expand its lawsuit challenging Arkansas' decision to cut off Medicaid funding to the group over videos secretly recorded by an anti-abortion group.

Business Economists Expect Slower Sales, Economic Growth

by Associated Press 1/25/2016 10:51 am

Business economists are more pessimistic about their firms' future sales and profits than they were last fall, and more predict slower economic growth, a survey found.

Fort Smith Plastics Manufacturer Restructured Under New Name

by Arkansas Business Staff 1/25/2016 09:49 am

Quantum Ventures of Auburn Hills, Michigan, has consolidated its plastics processing companies, including River Bend Industries in Fort Smith, under the Quantum Plastics name.

Not Enough College Students (Brett Powell Commentary)

by Brett Powell 1/25/2016 07:00 am

Job creation is a key to future economic development and those new jobs will only occur if there is an educated and qualified workforce waiting for them.

Automobile Dealers Expand Their Holdings

by Marty Cook 1/25/2016 12:00 am

Mark McLarty, whose McLarty Automotive Group has purchased a handful of dealerships in Arkansas and Missouri in the past 18 months, isn't alone in building a dealership portfolio.

Artisan Food Sees Growth In Arkansas

by Jan Cottingham 1/25/2016 12:00 am

These retailers — who sometimes are also wholesalers — make food in part to make connections and to preserve local culture and traditional methods. In the process, they've turned into employers and a source of jobs. They're business people; they're entrepreneurs.

As Sentencing Approaches, Dennis Smiley Attorney Says Banks Share Responsibility

by Arkansas Business Staff 1/25/2016 12:00 am

H. Dennis Smiley Jr., the former president of Arvest Bank's Benton County market, expects to go to federal prison after he is sentenced Thursday for bank fraud.

Oklahoma Bank Registers $3M Judgment Against Phil Herrington

by Arkansas Business Staff 1/25/2016 12:00 am

The judgment represents the outstanding balance on a $4 million loan from First Commercial Bank of Edmond, Oklahoma.

More Moe's On the Way, Owner Says

by Jan Cottingham 1/25/2016 12:00 am

Melanie Hoggard, owner of six Moe's Southwest Grill locations in Arkansas, is planning to roll out three more Moe's in the next two years: in Fayetteville and Jonesboro with the third location to be determined, but potentially Fort Smith.

'Better Late Than Never' (Gwen Moritz Editor's Note)

by Gwen Moritz 1/25/2016 12:00 am

Reactions were swift to Wal-Mart's recent announcement that it will promptly close 269 stores, including all 102 experimental Walmart Express locations.

Arkansas Heart Hospital's Dr. Bruce Murphy on the High Cost of American Medicine

by Arkansas Business Staff 1/25/2016 12:00 am

Dr. Bruce Murphy is a co-founder of Arkansas Heart Hospital and became president and CEO of the hospital in August 2011.