Technology Archive

Uniti Group Reports 1Q Income of $2.5M

by Sarah Campbell-Miller 5/15/2019 11:27 am

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.

Windstream Reports $2.3B 1Q Loss; CEO Signals Lease Changes with Uniti Group

by Sarah Campbell-Miller 5/15/2019 11:00 am

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.

Bankruptcy Judge Approves Up to $24M in Bonuses for Windstream Execs

by Lance Turner and Mark Friedman 5/15/2019 10:17 am

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.

Asa Hutchinson Releases Plan to Spread Broadband Statewide

by Sarah Campbell-Miller 5/15/2019 10:10 am

Gov. Asa Hutchinson releases his Arkansas State Broadband Plan, which sets a goal to deploy high-speed broadband to all Arkansas communities with more than 500 residents by 2022.

Warren Stephens Stands by Startup's CEO Marc Gorlin

by Arkansas Business Staff 5/13/2019 12:00 am

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.”

Startup Roadie Gets More Stephens Cash

by Jan Cottingham 5/13/2019 12:00 am

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.

Walmart Challenges Amazon with Grocery Delivery

by Kyle Massey 5/13/2019 12:00 am

Shortly after Walmart opened its first Supercenters with food markets in 1988, top executives began to see groceries as the retail titan's future bread and butter. Now Walmart is America's biggest grocery seller, and food is becoming ammunition in the Bentonville company's online duel with Amazon.

Myeloma Audit Gives UAMS 'Needed Insight' Into $29M Deficit

by Mark Friedman 5/13/2019 12:00 am

Some University of Arkansas for Medical Sciences employees saw red flags long before auditors discovered a deficit at the Myeloma Institute for Research & Therapy that was allowed to grow to $29 million over nine years.

Cancer Center in the Works for El Dorado

by Mark Friedman 5/13/2019 12:00 am

The Medical Center of South Arkansas of El Dorado plans to start construction next month on a $3.5 million cancer center.

Doug Voss Says Driver Shortage Dire, but Shippers Hold Sway on Higher Pay

by Arkansas Business Staff 5/13/2019 12:00 am

Doug Voss, associate professor of logistics and supply chain management at UCA, says the school's logistics program excels at recruiting employees for the transportation industry.

Prysmian Group to Expand Paragould Plant, Add 12 Jobs

by Lance Turner 5/6/2019 11:02 am

Prysmian Group of Milan, Italy, says it will expand its Paragould facility, investing $2.8 million and adding 12 positions. The plant already employs 182 people at 1 Prestolite Drive.

Walter Hussman Bets Big on a Digital Democrat-Gazette

by Kyle Massey 5/6/2019 09:49 am

Soon, readers won't get a newspaper outside central Arkansas and the northwest. Operations will be mostly digital, and a Sunday-only print edition is conceivable, Publisher Walter Hussman says.

Court Orders Cuker to Pay $1.2M Legal Bill After Winning Case Against Walmart

by Arkansas Business Staff 5/6/2019 12:00 am

A U.S. District Court judge recently awarded a Fayetteville law firm $1.2 million against a former client that didn't pay its legal bill.

CARTI Steps Up to Plate with Mammogram Center

by Arkansas Business Staff 5/6/2019 12:00 am

CARTI, the cancer-treatment provider, plans to announce Monday that it will open The Breast Center at CARTI inside its main Little Rock facility.

Central Arkansas Unemployment at 3.5 Percent

by Arkansas Business Staff 5/6/2019 12:00 am

The unemployment rate in the Little Rock-North Little Rock-Conway metropolitan statistical area remains near a historical low, 3.5% in February.

Little Rock Startup Set to Sell Speed-Torque

by Sarah Campbell-Miller 5/6/2019 12:00 am

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.

FIS, Venture Center Launch 4th Annual Fintech Accelerator

by Sarah Campbell-Miller 5/2/2019 10:33 am

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.

Ritter Extends Reach with $8M Data Center in Jonesboro

by Todd Traub 5/1/2019 01:49 pm

Ritter Communications celebrates the start of construction on its $8 million, 8,882-SF cloud and data storage facility in Jonesboro.

Democrat-Gazette Says Ink Hasn't Run Dry

by Arkansas Business Staff 4/29/2019 12:00 am

The Arkansas Democrat-Gazette has been steadily shrinking its print delivery zone and promoting digital subscriptions for a couple of years, but it isn't ready to get rid of ink and paper just yet.

Two-Thirds of Arkansas Counties Lose Residents

by Arkansas Business Staff 4/29/2019 12:00 am

Two-thirds of Arkansas' counties lost population between 2012 and 2017, according to the U.S. Census Bureau.