Today's News

Aldi Raises Stakes in US Price War with Wal-Mart

by Nandita Bose, Reuters 5/11/2017 08:15 am

German grocery chain Aldi Inc is trying to beat Wal-Mart, the world's biggest retailer, at its own game: low prices.

Dillard's 1Q Profit Down 14 Percent, Same-Store Sales Down 4 Percent

by Lance Turner 5/11/2017 06:43 am

Dillard's Inc. of Little Rock on Thursday reported first-quarter net income of $66.3 million, down 14 percent from the same quarter last year, as total sales declined

10 FinTech Accelerator Companies Named

by Sarah Campbell-Miller 5/10/2017 05:35 pm

Global financial services technology provider FIS and the Venture Center of Little Rock names the 10 startups selected from a pool of 295 applicants for the second FinTech Accelerator.

Chinese Textile Manufacturer to Invest $410M, Create 800 Jobs

by Lance Turner 5/10/2017 02:59 pm

Shandong Ruyi Technology Group plans to invest $410 million to remodel the former Sanyo manufacturing facility in Forrest City into a textile factory, employing 800 people.

Chris Thyer Joins Centennial Bank's Trust Department

by Lance Turner 5/10/2017 01:18 pm

Chris Thyer, the former U.S. attorney for the Eastern District of Arkansas, has joined Centennial Bank as a senior vice president in the bank's trust department.

Report: Wal-Mart Near $300M Settlement Over Alleged Bribery

by Reuters 5/10/2017 11:27 am

Wal-Mart Stores Inc. is preparing to pay about $300 million to settle a probe of bribery by its employees in markets including Mexico, India and China, according to reports.

Video: A Conversation On Leadership with Gina Radke

by Arkansas Business Staff 5/10/2017 11:06 am

One way to motivate employees is to help them see themselves in the company's vision, says Gina Radke, CEO of Galley Support Innovations of Sherwood, in Arkansas Business' continuing series on leadership.

How Amazon Trounces Rivals in Battle of Shopping 'Bots'

by Jeffrey Dastin, Reuters 5/10/2017 09:31 am

How Amazon's technological prowess is helping it dominate the retail competition.

USA Truck Names Werner Hugo Trucking Leader

by Marty Cook 5/10/2017 09:00 am

USA Truck Inc. of Van Buren names Werner Hugo as its senior vice president in charge of trucking operations.

Alex Ray Launches Bid for Arkansas Land Commissioner

by Associated Press 5/10/2017 07:55 am

A second Republican has launched a bid for Arkansas state land commissioner.

SAU Names New Business School Dean

by Sarah Campbell-Miller 5/9/2017 03:26 pm

Southern Arkansas University has hired Robin Sronce to be dean of the David F. Rankin College of Business, effective July 5.

Construction Begins on State's Largest Solar Array

by Kyle Massey 5/9/2017 03:18 pm

To the muted sound of shovels in the Arkansas County soil and then the much louder strains of the Beatles' "Good Day Sunshine" from loudspeakers, the state ushered in a new era of utility-scale solar power.

Retail Funk: Stores Face Biggest Challenges Since Recession

by Associated Press 5/9/2017 11:47 am

It's starting to look a lot like the Great Recession redux for retailers.

Job Openings Increase Slightly in March

by Associated Press 5/9/2017 11:45 am

Steady job growth has left U.S. employers with an increasingly shallow pool of unemployed workers to consider hiring, something that could lead to faster wage gains.

2 UAMS Cancer Researchers Get $1.6M

by Arkansas Business Staff 5/9/2017 11:36 am

Two cancer researchers at the University of Arkansas for Medical Sciences have each received a four-year grant of $791,000 to support their work.

Governor Makes Appointments to Boards, Commissions

by Arkansas Business Staff 5/9/2017 10:46 am

Gov. Asa Hutchinson on Monday announced the following appointments.

Florida Probes Tyson Foods, Pilgrim's Pride on Chicken Pricing

by Tom Polansek, Reuters 5/9/2017 07:48 am

Top U.S. chicken companies Tyson Foods Inc. and Pilgrim's Pride Corp. say that Florida's attorney general sought information from them regarding a probe into possible anticompetitive behavior.

Joshua Mahony to Run for Steve Womack's Congressional Seat

by Andrew DeMillo, The Associated Press 5/9/2017 07:00 am

The head of a scholarship fund launched a longshot bid Monday to unseat a Republican congressman in northwest Arkansas, targeting the incumbent over his vote to repeal and replace major parts of President Barack Obama's health care law.

Corrected: U.S. Treasury Buys One Bank & Trust Stock

by Gwen Moritz 5/8/2017 03:26 pm

The U.S. Treasury Department purchased 344,577 shares of stock in One Bank & Trust at a sale conducted in Washington on Monday, the bank's CEO announced.

Dismang, Gillam Pick 16 for Governor's Tax Reform Group

by Associated Press 5/8/2017 11:37 am

Ten Republicans and six Democrats have been named to serve on a legislative task force that will recommend tax cuts before the 2019 session.

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