Five years after its founding, Roadie, the crowdsourced delivery service startup based in Atlanta, has attracted partnerships with major retailers, including Walmart, and, in February, $37 million in new funding.
Warren Stephens says he has confidence in Marc Gorlin, founder and CEO of crowdsourced delivery service startup Roadie, in which Stephens has invested. After all, he said, look at Kabbage, which “turned out to be a great investment.”
BSR Real Estate Investment Trust of Little Rock said last week that it has started construction on the $15.6 million second phase of its Wimbledon Green property in Little Rock.
Dillard's Inc. CEO, speaking Saturday at the retail chain's annual meeting in Little Rock, viewed the company's stock price drop last week as a good buying opportunity. read more >
Ritter Communications of Jonesboro is looking for a partner, not a buyer. Responding to a Wall Street Journal article, officials of the family-owned, regional broadband provider said that at this time the company is seeking investment partners only. read more >
Walmart warns higher tariffs on Chinese imports mean higher prices. "We're monitoring the tariff discussions and are hopeful that an agreement can be reached," said CFO Brett Biggs. read more >
Walmart delivered a mixed bag in the first quarter, beating Wall Street expectations on profit but not revenue. Meanwhile, same-stores sales rose and e-commerce soared. read more >
Uniti Group Inc. of Little Rock reports first-quarter net income of $2.5 million, or 1 cent per share, up from $1.2 million, or a loss of 1 cent per share, in the same quarter last year. read more >
Windstream Holdings Inc. of Little Rock, still working through Chapter 11 bankruptcy, reports a first-quarter net loss of $2.3 billion, or $54.26 per share. read more >
A bankruptcy judge in New York approved Windstream Holdings Inc.'s request to use up to $24 million for bonuses for top executives, including CEO Tony Thomas and CFO Robert Gunderman. read more >
PAM Transportation Services Inc. of Tontitown says it will buy up to 200,000 shares, or about 3.4%, of its outstanding common stock in a modified "Dutch auction" tender offer. read more >
Walmart is rolling out free next-day delivery on its most popular items, increasing the stakes in the retail shipping wars. The retailer says next-day delivery will roll out to 75% of the U.S. population by year-end. read more >
The dispute between Bill and Carolyn Schwyhart and creditors has also brought into question what happened to nearly $3.2 million from a once-secret settlement unveiled earlier this year. read more >
Affiliates of Weingarten Realty of Houston, Texas, were on either side of a $19.75 million transaction involving a 166,735-SF retail project in west Little Rock. read more >
Tyson Foods Inc. of Springdale says Jonathan D. Mariner has joined its board of directors. read more >
Walmart Inc. of Bentonville releases its first "Environmental, Social and Governance" report, detailing the retailer's progress toward goals involving sustainability, economic and climate change initiatives. read more >
Just days after confirming that it sold its stake in Beyond Meat, Tyson Foods Inc. of Springdale said it would launch its own meatless protein products this summer. read more >
Tyson Foods Inc. reports fiscal second-quarter net income of $426 million. The Springdale, Arkansas-based meat processor said it had net income of $1.17 per share. read more >
The city of North Little Rock is sprucing up the Park Hill and Levy business districts with federally funded Jump Start grants and playing a long game when it comes to economic development in those areas. read more >
The debut of a major riverfront arena 20 years ago turned out to be a warmup act for the real headliner: a sweeping transformation of downtown North Little Rock. read more >
Gary Russell Gibbs of Niceville, Florida, lists his complete financial details in U.S. Bankruptcy Court in Hot Springs showing total debts at $171.1 million. That makes his personal bankruptcy one of the largest filed in Arkansas. read more >
The unemployment rate in the Little Rock-North Little Rock-Conway metropolitan statistical area remains near a historical low, 3.5% in February. read more >
Deserve is not an economic concept; it's a marketing concept. It's a word that allows consumers to rationalize spending money on appealing nonessentials. read more >
Vascugenix, a Little Rock startup run mostly by students at the University of Arkansas at Little Rock, plans to bring its medical device for emergency heart surgeries to market in late August or early September. read more >
ArcBest Corp. of Fort Smith reports first-quarter net income of $4.9 million, down 51 percent from the same quarter last year, while revenue rose and business conditions slowed. read more >
J.B. Hunt Transport Services Inc. of Lowell says its subsidiary, J.B. Hunt Mexico S.C., has opened an enterprise sales branch in Santiago de Querétaro, Querétaro, Mexico. read more >
Beyond Meat, the purveyor of plant-based burgers and sausages, made its debut on the stock exchange Thursday. It's the first pure-play maker of vegan "meat" to go public, according to Renaissance Capital, which researches and tracks IPOs. read more >
Global financial services company FIS of Jacksonville, Florida, and the Venture Center in Little Rock named the 10 startups selected to participate in the 2019 VC FinTech Accelerator program. read more >
Murphy Oil Corp. of El Dorado announces first-quarter financial results, including net income of $40 million and an adjusted net profit of $27 million excluding discontinued operations and one-off items. read more >
The Federal Reserve left its key interest rate unchanged Wednesday and signaled that no rate hikes are likely in coming months amid signs of renewed economic health but unusually low inflation. read more >
The Federal Reserve this week will likely reinforce a theme that has cheered consumers and investors since the start of the year: No interest rates hikes are likely anytime soon. read more >
The Arkansas Delta Council, a nonprofit economic development organization still in formation, hopes to raise money and entice investors to a region that has been losing population, unevenly but inexorably, for half a century. read more >
Workout Anytime, a chain of gyms headquartered in Alpharetta, Georgia, expanded to Arkansas last month, landing in Paragould because the community there is a good fit for its “high-value, low-price” model. read more >
