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Arkansas Business / Daily Report / Industries / Investments / Legal / Northwest Arkansas

John Nock Sentenced to 20 Years for Investment Fraud, Money Laundering

The case revolved around the Brittingham Group, which Nock founded and which promised returns as high as 300% within 20 to 30 days.

Arkansas Business / Daily Report / Industries / Real Estate / Trends

Home Sellers are Cutting List Prices as Spring Buying Season Starts With Higher Mortgage Rates

Some 14.6% of U.S. homes listed for sale last month had their price lowered, according to Realtor.com. That’s up from 13.2% a year earlier, the first annual increase since May. In January, the percentage of homes on the market with price reductions was 14.7%.

Arkansas Business / Daily Report / Industries / Legal / Real Estate

Real Estate Lawsuit Settlement Upends Decadeslong Policies That Helped Set Agent Commissions

Under the terms of the agreement announced Friday, the National Association of Realtors also agreed to pay $418 million to help compensate home sellers across the U.S.

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When the Old Stories No Longer Fit (Barry Goldberg On Leadership)

Trying on new ideas and “what if?” scenarios can keep a company from falling behind or becoming obsolete.

Arkansas Business / Central Arkansas / Construction / Daily Report / Education / Embargoed / Industry / Nonprofits / Print Edition / Real Estate / Restaurants & Food / Tourism / Whispers

Clark Contractors to Build $4.5M Field House at Lacey K-8 AcademyLock Icon

This week we feature a field house for a Little Rock school and a trio of million-dollar real estate transactions in Pulaski County.

Architecture / Arkansas Business / Central Arkansas / Construction / Cover Story / Daily Report / Embargoed / Government & Politics / Health Care / Industry / Media & Marketing / Nonprofits / Northwest Arkansas / Print Edition / Real Estate

$318M Makeover of Arkansas Children’s Campuses Set to Start This MonthLock Icon

The goals of the project include improving access to the campuses and the on-campus experience at the hospitals. The project also prepares the campuses to treat the sickest children.

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Are Your Employees Health Insurance-Literate? 

Not understanding health insurance is costly to employees and to their employers.

Arkansas Business / Business Services / Daily Report / Embargoed / Industry / Investments / Northwest Arkansas / Print Edition / Technology & Telecom / Whispers

NWA Tech Company RevUnit Shuts DownLock Icon

RevUnit built applications to help companies maximize worker engagement and productivity.

Arkansas Business / Banking / Banking & Finance / Central Arkansas / Daily Report / Industry / Northwest Arkansas / Print Edition / Real Estate

Banking on Change: Profit Proves Elusive For Two Out of Three Banks

A trio of banks that started 2023 with a quarterly loss meandered their way to mixed results at year’s end.

Arkansas Business / Construction / Daily Report / Education / Government & Politics / Industries / Manufacturing / Northeast Arkansas / Technology / Technology & Telecom

A-State Steel Research Center Gets $10M From US Spending Package

The multimillion-dollar facility will support partnerships with steel manufacturers for research, process improvements and testing of advanced materials.

Arkansas Business / Banking & Finance / Daily Report / Industries / Northwest Arkansas

Arvest Bank Names Kevin Sabin as Chair, Matt Machen as President

Jim Walton, the son of Walmart Inc. founder Sam Walton, will step down as bank chair but remain chair for Arvest Bank Group, the bank’s holding company.

Arkansas Business / Daily Report / Energy / Industries / Legal

Federal Ruling Favors PSC Over Entergy Arkansas

The electric utility was seeking to charge ratepayers to help recoup a $135 million debt.

Arkansas Business / Business Services / Daily Report / Industries / Northwest Arkansas / Public Companies / Transportation

ArcBest Reports Exec Pay, Schedules Supermajority Vote Change

CEO Judy McReynolds and other executives saw their compensation dip in 2023.

Arkansas Business / Banking & Finance / Daily Report / Government & Politics / Industries / Public Companies / Restaurants & Food / Retail / Small Business

February Retail Sales Up 0.6%, Weaker Than Expected

February’s number was lifted in part by higher gas price as well as higher auto sales and a rebound in building materials.

Arkansas Business / Daily Report / Government & Politics / Industries / Manufacturing / Northeast Arkansas / Public Companies

Biden Comes Out in Opposition to Proposed Sale of US Steel to Japanese Company

The president said that it’s “vital” for U.S. Steel, which is investing billions in northeast Arkansas, to “remain an American steel company that is domestically owned and operated.”

Arkansas Business / Daily Report / Government & Politics / Industries / Manufacturing

Top US Military Chief Visits Arkansas Munitions Plant to Press the Need to Arm Ukraine

Joint Chiefs Chairman Gen. CQ Brown is visiting Lockheed Martin’s Camden, Arkansas, weapon facility.

Arkansas Business / Daily Report / Industries / Media & Marketing

Marine Glisovic Leaves KATV After 10 Years

She said that after 15 years in the news business and the birth of her first child in June 2023, “it was time for a change.”

Phillip Oldridge, CEO and chairman of Envirotech Vehicles Inc., at the company's electric vehicle plant in Osceola in 2022.
Arkansas Business / Daily Report / Industries / Northeast Arkansas / Public Companies / Transportation

Envirotech Announces $4.3M in Vehicle Orders

The company said it has 43 vehicles on order from 19 customers participating in a New Jersey program that offers incentives for businesses to purchase new electric vehicles.

Arkansas Business / Daily Report / Industries / Investments / Northwest Arkansas

Runway Group Co-Founder Tom Walton Named CEO

Chris Seay, the company’s current CEO, will retire at the end of March.

Arkansas Business / Daily Report / Industries / Investments / Public Companies / Real Estate

BSR Reports Falling Q4 Operating Income, Leadership Changes

The Little Rock-based real estate investment trust’s initial guidance for 2024 predicts slower growth.

Arkansas Business / Business Services / Daily Report / Industries / Manufacturing / Public Companies / Restaurants & Food

Westrock Coffee Narrows Losses in Q4, Full Year as New Production Facility Prepares First Shipments

CEO Scott Ford said the company entered 2024 with a number of critical system migrations and capital equipment upgrades completed.

Arkansas Business / Daily Report / Energy / Industries / Transportation

Oil and Gasoline Prices to Rise, Forecast Says

Crude oil production cuts by oil-exporting countries are starting to take a toll on global inventories and U.S. gasoline prices.

Agriculture & Poultry / Arkansas Business / Central Arkansas / Daily Report / Government & Politics / Industries / Media & Marketing / Northeast Arkansas / Northwest Arkansas / Restaurants & Food / Small Business

Grants Available to Promote Arkansas Farmers Markets

In 2023, the program provided more than $9,000 in grants to 25 Arkansas farmers markets.

Arkansas Business / Daily Report / Industries / Northeast Arkansas / Retail / Tourism

Gearhead Outfitters Expands to Colorado With Store Acquisitions

The deal for two Summit Canyon Mountaineering stores grows Gearhead’s footprint to more than 20 locations in seven states.

Arkansas Business / Daily Report / Industries / Legal / Media & Marketing / Technology / Technology & Telecom

Libraries Struggle to Afford the Demand for E-books, Seek New State Laws in Fight With Publishers

Librarians in several states have been pushing for legislation to rein in the costs and restrictions on electronic material, which has been growing in popularity since the COVID-19 pandemic. Patrons are stuck on long waiting lists for audio and e-books, and digital offerings are limited.

Agriculture & Poultry / Arkansas Business / Daily Report / Industries / Manufacturing / Northwest Arkansas / Public Companies

Tyson Foods to Close Iowa Pork Plant, Affecting Nearly 1,300 Jobs

The facility is the ninth that Tyson Foods has moved to shut down since early 2023.

Arkansas Business / Banking & Finance / Business Services / Daily Report / Government & Politics / Industries / Insurance / Real Estate / Retail / Small Business / Transportation / Trends

US Inflation Up Again in February, The Latest Sign That Price Pressures Remain Elevated

Prices rose 0.4% from January to February, higher than the previous month’s figure of 0.3%, the Labor Department said Tuesday.