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Friday, April 18, 2014, 4:11 p.m.
Top Picks - Capture Arkansas

Business

June groundbreaking planned for Osceola steel mill

posted: 04/18/2014 1:59 p.m. Discuss

OSCEOLA — Groundbreaking on a planned $1.1 billion steel mill in northeast Arkansas is expected to take place in late June.

Arkansas' unemployment rate falls to 6.9%

posted: 04/18/2014 9:24 a.m. Discuss

Arkansas' unemployment rate fell to 6.9 percent in March, down two-tenths of a percentage point from 7.1 percent in February, the state Department of Workforce Services said Friday.

Soon, money transfers by Wal-Mart

posted: 04/18/2014 2:04 a.m. Discuss

Wal-Mart Stores Inc. announced Thursday that it’s getting into the domestic money-transfer business, using lower fees and a simplified process to undercut competitors Western Union Inc. and MoneyGram International Inc., which already offers money-transfer services in Wal-Mart’s 4,000 U.S. stores.

Conway bank’s earnings set mark

posted: 04/18/2014 2:02 a.m. Discuss

Home BancShares, the parent company of Centennial Bank, had record net income of $27.3 million in the first quarter, the Conway bank said Thursday.

Union Pacific’s profit jumps 14%

posted: 04/18/2014 2 a.m. Discuss

OMAHA, Neb. — Union Pacific Corp. railroad delivered a 14 percent higher quarterly profit as it hauled more agricultural, industrial and coal shipments despite the harsh winter.

Assets up, earnings drop for Simmons

posted: 04/18/2014 1:58 a.m. Discuss

Simmons First National Corp., which has acquired two Arkansas banks in six months, reported earnings of $4.4 million in the first quarter, the Pine Bluff bank said Thursday.

Cherokees to start on casino hotel

posted: 04/18/2014 1:56 a.m. Discuss

Later this month, the Cherokee Nation will break ground in Roland, Okla., on a new casino hotel a short distance west from Fort Smith on Interstate 40.

GE optimistic about outlook despite earnings drop

posted: 04/18/2014 1:54 a.m. Discuss

NEW YORK — General Electric’s new focus on oil and gas equipment helped the company post strong first-quarter results.

NEWS IN BRIEF

posted: 04/18/2014 1:53 a.m. Discuss

Agency sets hearing on QualChoice deal Catholic Health Initiatives has submitted to the Arkansas Insurance Department an application seeking to take control of QualChoice, the state’s second-largest health insurer, and the agency will hold a public hearing at 1 p.m. April 29 in its first-floor hearing room at 1200 W. Third St.

Business news in brief

posted: 04/18/2014 1:51 a.m. Discuss

QUOTE OF THE DAY “I think the investment in our infrastructure and the condition of our infrastructure paid huge dividends for us, and maybe we had a little luck as well.” Jack Koraleski, Union Pacific chief executive officer

MARKET REPORT: Stocks seesaw on quarterly profit reports

posted: 04/18/2014 1:49 a.m. Discuss

A batch of U.S. company earnings drove stocks mostly higher Thursday.

Earnings report

posted: 04/18/2014 1:48 a.m. Discuss

Companies reporting quarterly earnings Thursday included : Chipotle Mexican Grill Inc., the Mexican food chain, a profit of $83.1 million, or $2.64 a share, up from $76.6 million, or $2.45 a share, a year ago. Revenue climbed 24 percent to $904.2 million. Shares fell $32.79 to close at $519.61.

Wal-Mart CEO gives $1 million to UA business college

posted: 04/17/2014 12:46 p.m. Discuss

Wal-Mart Stores Inc. President and CEO Doug McMillon and his wife, Shelley, will give $1 million to the University of Arkansas' business college that will eventually help it house a school for retail innovation, the university said Thursday.

Wal-Mart joins Ria for money-transfer service

posted: 04/17/2014 9:10 a.m. Discuss

Wal-Mart Stores Inc. is introducing a new money-transfer service that it says will cut fees for customers by up to 50 percent compared with similar services.

Simmons First net income down 27%

posted: 04/17/2014 8:52 a.m. Discuss

Simmons First National Corporation on Thursday reported a nearly 27 percent dip in net income in the first quarter, though the bank pointed to an increase in core earnings that excluded certain costs.

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