Grain Management Completes Deal for Stake in Ritter
Grain Management of Washington, together with E. Ritter and Co., announced Friday that it has completed its acquisition of a majority stake in Ritter Communications. read more >
Business Services
ArcBest Corp. Reports 3Q Profit Down 60%
ArcBest Corp. of Fort Smith reports a 60% decline in third-quarter net income amid lower demand and shipment volumes. read more >
ADP: US Businesses Added Slight 125K Jobs in October
U.S. businesses added a mere 125,000 jobs in October, a slowdown in hiring driven in part by job cuts in manufacturing and construction. read more >
Close the Sales-Marketing Gap in 2020 (Jim Karrh On Marketing)
The divide between sales and marketing — including both the people involved and their activities — has seemingly been around since the Hatfields and McCoys began feuding. read more >
Charities: Use Care in Discussing Tax Deductions (Josh Simer Commentary)
For public charities receiving donations from individual donors, now is a good time to review the language used to describe the tax consequences of these donations. read more >
Mahon Named Manager of First Service Bank Branch (Movers & Shakers)
Anderia Mahon has been hired as branch manager and loan officer for First Service Bank in its Little Rock market. read more >
For Chokhani, Heflin, Relationships Key to Business, Community
Little Rock business leaders Rajesh Chokhani of Welspun Tubular and Jay Heflin of Legacy Termite & Pest Control talk about the importance of relationships to the economy and community. read more >
Hutchinson Announces Appointments to Boards, Commissions
Gov. Asa Hutchinson makes appointments to boards and commissions. read more >
OneDigital Health and Benefits Acquires Fort Smith Firm
OneDigital Health and Benefits, a company focused on employee benefits and human resources, has acquired Healthpointe Insurance Services of Fort Smith. read more >
Arkansas Federal Credit Union to Absorb Democrat-Gazette Credit Union
Arkansas Federal Credit Union of Jacksonville has agreed to merge with the Arkansas Democrat-Gazette Federal Credit Union of Little Rock. read more >
Update: DXC Technology to Hire 1,200 in Conway
DXC Technology of Tyson, Virgina, says it will hire 1,200 people over the next four years at its offices in the Meadows Technology Park in Conway, which would bring total employment there to 1,650. read more >
Movista Acquires Natural Insight of Sterling, Virginia
Movista Inc. of Bentonville, a software-as-a-service company for the retail industry, acquires Natural Insight, a retail technology provider that it called "its largest competitor." read more >
Bank OZK Packs Little Rock With New Deposits
Bank deposits in Arkansas grew by 6.5% in the 12-month period that ended June 30, outpacing the national growth rate of 4.2% and topping $70 billion for the first time, according to data released in September by the Federal Deposit Insurance Corp. read more >
Small Arkansas Banks Plow Onward in Face of Attrition
If an annual trophy was given for the Arkansas bank voted least likely to survive, Community State Bank in Bradley could very well be a multiyear winner. read more >
SAFE Banking and Cannabis (Dan Roda Commentary)
SAFE Banking will also enable more banks to begin offering conventional loan products to cannabis operators, with a lower cost of capital than currently available from the mostly nonbank lenders filling this void today. read more >
Blinds Business Sale Opens Window to Lawsuits, Bankruptcy
The $2.9 million sale of a Benton County custom blinds company has left wreckage in its wake, with the buyers filing for personal bankruptcy and the sellers suing the deal's broker, alleging fraud. read more >
Waymack Thanks His Crew, Gives Props to Craig O'Neill
Dan Waymack, a filmmaker since age 19, retraces the arc of his career and sets the record straight on what he says are misconceptions on how Waymack & Crew wound up at Third and Main. read more >
Williams, Yarnell Named to Top Slots for Union Bankshares (Movers & Shakers)
Kevin Williams has been appointed president of Union Bank of Mena, and Jarrod Yarnell has been named chief executive officer of Union Bankshares, the holding company for Union Bank and First National Bank of Paris. read more >
U.S. Household Debt Reaches $13.67 Trillion
Household debt in the United States rose for the 19th straight quarter, reaching $13.67 trillion as of March 31. It's now 7.8% or $993 billion higher than the previous peak of $12.68 trillion, reached in the third quarter of 2008. read more >
Fed's Robert Hopkins Observes No Reverse on Tech at Reserve
Robert Hopkins, the chief of the Little Rock branch of the Fed in St. Louis, says the recession taught him some important lessons. read more >
Arkansas' Jobless Rate Rose to 3.5% in September
Arkansas' seasonally adjusted unemployment rate rose one-tenth of a percentage point, from 3.4 percent in August to 3.5 percent in September, the state Division of Workforce Services reports. read more >
PAM Profit Slides Amid GM Strike
The carrier's largest customer, General Motors of Detroit, has been in negotiations over a new labor contract with the United Automobile Workers, which has been on strike since mid-September. read more >
Nonprofits Targeting Wealth of Boomers
As the youngest baby boomers close in on retirement and begin to contemplate what their legacies will be, nonprofits and universities are looking to consistent donors for their slice of an expected multitrillion-dollar wealth transfer. read more >
In Age of Influencers, P. Allen Smith Faces Pay Cut
Instead of boosting his state pay for promoting Arkansas from $200,000 to $845,000 a year, gardening and lifestyle star P. Allen Smith appears likely to get 95% less than his previous contract provided — or perhaps nothing at all. read more >
Cooper Makes First Payment to Roach Manufacturing
A former Jonesboro accountant recently made a dent in a $9 million civil judgment owed to a former client from which he embezzled for more than 20 years. read more >
Texas Company Buys Ashland Performance Materials for $6M
This week's triple bill features industrial property in Jacksonville, a medical office building in Bryant and a trailer project between Cabot and Jacksonville. read more >
WLR Petsmart Project Attracts $4.2M Acquisition (Real Deals)
An investment group composed of companies led by Haitham Alley and Bradley Davis purchased the Petsmart-Banfield Pet Hospital at 11400 Financial Centre Parkway. read more >
Bob Roberts Named COO at Legacy Capital (Movers & Shakers)
Bob Roberts, a former CFO of Baptist Health, is now chief operating officer of Legacy Capital. read more >
SPONSORED: Don't Miss Key Changes In Nonprofit Reporting
Nonprofit organizations should seek the advice of an accounting professional as they strive to adhere to the new standards issued by the Financial Accounting Standards Board. read more >
Arkansas Business Announces CFO Finalists, Tickets Info
Arkansas Business' 2019 CFO of the Year finalists and Lifetime Achievement Award winners will be recognized at a luncheon on Thursday, Nov. 7, at the Embassy Suites in Little Rock. read more >
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