Today's News

Chinese Stock Market Plunge Causes Global Rout

by Associated Press 8/24/2015 06:56 am

World stock markets plunged on Monday after China's main index sank 8.5 percent — its biggest drop since the early days of the global financial crisis — amid deepening fears over the health of the world's second-largest economy.

Quapaw Casino-Growth Plans Generate Opposition in Kansas

by George Waldon 8/24/2015 12:00 am

The success of Downstream Casino Resort in Kansas and plans for expansion suggests that the Quapaw Tribe of Indians know how to run a casino — an expertise that might well worry Arkansas' existing gambling venues.

Bingo Numbers Continue to Slide for Some Nonprofits

by Mark Friedman 8/24/2015 12:00 am

In Arkansas, for the fiscal year that ended June 30, 78.8 million bingo “faces” —the individual game cards — were sold. That's more than 25 for every man, woman and child in the state.

Case Closed in Clint Stoerner Lawsuit

by Arkansas Business Staff 8/24/2015 12:00 am

The lawsuit involving Razorbacks star quarterback Clint Stoerner and his three former business partners has been settled. The joint motion to dismiss was filed last week in Pulaski County Circuit Court.

Vacancy Rate Declines in Central Arkansas Office Space

by Arkansas Business Staff 8/24/2015 12:00 am

The office market in central Arkansas continues to see improvement, with the second quarter of 2015 becoming the seventh quarter in a row to experience positive absorption.

Correlation ≠ Causation (Gwen Moritz Editor's Note)

by Gwen Moritz 8/24/2015 12:00 am

American Banker published last week a thought-provoking article by Victoria Finkle headlined “Is Dodd-Frank Really Killing Community Banks?” I'm not one of those old-school editors who object to questions as headlines — we use them in Arkansas Business and no apologies — and the question intrigued me. Have I been suckered?

Being Interesting to Buyers (Jim Karrh On Marketing)

by Jim Karrh 8/24/2015 12:00 am

The rules of customer engagement have changed dramatically in recent years: Your potential buyers know more — or at least believe that they know more — than ever.

First Community of Batesville Reaches $1 Billion Mark

by Gwen Moritz 8/21/2015 04:15 pm

First Community Bank of Batesville reached $1 billion in assets on July 31, four days before its 18th birthday, Chairman and CEO Dale Cole announced.

Securities Department Issues Third Order Against Timothy Lilly

by Gwen Moritz 8/21/2015 03:49 pm

A Mayflower man with a history of problems with state regulators is the subject of a cease-and-desist order issued Thursday by Arkansas Securities Commissioner Edmond Waters.

Arkansas Secretary of State Denies Request for Hindu Statue

by Associated Press 8/21/2015 01:59 pm

The Arkansas secretary of state's office has denied a request from the Universal Society of Hinduism to place a privately funded Hindu statue on Capitol grounds.

UALR Names New Director of Procurement Services

by Alexis Hosticka 8/21/2015 11:17 am

The University of Arkansas at Little Rock has named Rebecca Kee the new director of procurement services.

CORRECTED: Car-Mart's Quarterly Earnings Off

by Marty Cook 8/21/2015 10:45 am

America's Car-Mart Inc. of Bentonville reported a significant drop in earnings for the first quarter of 2016 that CEO Hank Henderson said was mostly the result of the company's "lack of consistent blocking and tackling." Car-Mart's income for the quarter was up 12 percent but revenue dropped from $7.2 million to $4.6 million.

Arkansas Unemployment Decreases to 5.6 Percent in July

by Arkansas Business Staff 8/21/2015 09:23 am

Arkansas' seasonally adjusted unemployment rate decreased one-tenth of a percentage point, from 5.7 percent in June to 5.6 percent in July, according to labor force data from the U.S. Department of Labor, Bureau of Labor Statistics.

Game & Fish Sets Duck Season at 60 Days

by Arkansas Business Staff 8/21/2015 08:42 am

The Arkansas Game & Fish Commission has set the upcoming duck season at 60 days, the 19th consecutive year it has done so.

Update II: DAV Construction Searched by Federal Agents

by Gwen Moritz 8/20/2015 02:49 pm

The subject of a federal law enforcement search at a North Little Rock office on Wednesday was DAV Construction Co., according to a statement issued Thursday afternoon by Powers of Arkansas.

18 Conditional Permits Granted for Liquor Stores in Saline County

by Alexis Hosticka 8/20/2015 10:53 am

Eighteen individuals received Wednesday conditional permits for liquor store licenses in Saline County from the Arkansas Department of Finance & Administration's Alcoholic Beverage Control department.

WRI Partners to Launch Uncommon Communities Program in Arkansas

by Arkansas Business Staff 8/20/2015 10:32 am

Five counties in Arkansas will benefit from an economic development initiative led by the University of Arkansas Winthrop Rockefeller Institute, the UA Cooperative Extension Service and Sandy and Vaughn Gresham of Oxford, Mississippi.

PAM Gives Cushman Raise, Promotes Herndon

by Marty Cook 8/20/2015 08:52 am

PAM Transport of Tontitown promoted Matt Herndon to COO on Aug. 12, the company said in a filing with the Securities & Exchange Commission.

Governor Proposes Changes to Medicaid Expansion

by Andrew DeMillo, The Associated Press 8/19/2015 11:39 am

Arkansas Gov. Asa Hutchinson supports keeping the state's first-in-the-nation hybrid Medicaid expansion, he said Wednesday, but only if the federal government provides the state with more flexibility to impose limits on the program.

Site Work Begins for Lewis Crossing in Conway

by Arkansas Business Staff 8/19/2015 09:30 am

The Lewis Crossing shopping center development, expected to open in the fall of 2016, officially is under construction in Conway at the southeast corner of Interstate 40 and Dave Ward.