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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.

Home BancShares posts 56% rise in 1st-quarter profit

posted: 04/17/2014 8:45 a.m. Discuss

Conway-based Home BancShares Inc., the owner of Centennial Bank, reported Thursday a record first-quarter profit of $27.3 million, or 42 cents per diluted share, up 56 percent from $17.5 million, or 31 cents per diluted share, a year ago.

Receiver named in water firm suit

posted: 04/17/2014 3:20 a.m. Discuss

Pulaski County Circuit Judge Mackie Pierce agreed Wednesday to appoint Michael McAfee as receiver in a lawsuit filed by Simmons First National Bank against Mountain Pure Water Co. of Little Rock, its owner and others.

NEWS IN BRIEF

posted: 04/17/2014 3:10 a.m. Discuss

Firm said to desire 30% Murphy stake Oil India Ltd. is interested in purchasing about a 30 percent stake in Murphy Oil Corp.’s assets in Malaysia, according to a report Wednesday by Bloomberg News.

Airport chief to pitch Hawker site in U.K.

posted: 04/16/2014 3:26 a.m. Discuss

The Little Rock Municipal Airport Commission on Tuesday approved spending $6,000 to send its executive director, Ron Mathieu, to the Farnborough International Air Show in England in July to market the old Hawker Beechcraft facility.

Retailer talks of efficient building

posted: 04/16/2014 3:23 a.m. Discuss

Wal-Mart’s sustainability expert, Don Moseley, talks a lot about the retailer’s first LEED-certified store in South Euclid, Ohio.

Business news in brief

posted: 04/16/2014 3:16 a.m. Discuss

QUOTE OF THE DAY “The more requirements you put on the highly regulated banks, the greater is the incentive to find ways around the tougher rules.” Bert Ely, independent banking consultant

NEWS IN BRIEF

posted: 04/16/2014 3:14 a.m. Discuss

UA team’s business plan wins top honor BioBotic Solutions, an undergraduate business plan competition team from the University of Arkansas, took the $25,000 grand prize over the weekend at the Richards Barrentine Values and Ventures Business Plan Competition at Texas Christian University in Fort Worth.

Chis unveil plan for LR hotel

posted: 04/15/2014 4:38 a.m. Discuss

The Chi Hotel Group LLC announced Monday that the 105-year-old Boyle Building at the corner of Main Street and Capitol Avenue will become a 144-room Aloft hotel, the latest project on a resurgent Main.

Hunt sees 1st-quarter income dip

posted: 04/15/2014 2:43 a.m. Discuss

J.B. Hunt Transport Services Inc. reported a decline in operating income for the first quarter of 2014, the company’s first dip in profit since the final quarter of 2009.

Price tag for meat expected to grow

posted: 04/15/2014 2:42 a.m. Discuss

Consumers can expect to pay more for meat at the grocery store as low supplies drive up prices.

Bank of Ozarks’ net income rises by 26% in first quarter

posted: 04/15/2014 2:37 a.m. Discuss

Bank of the Ozarks earned $25.3 million in the first three months of this year, a 26 percent improvement over net income of $20 million in the same period last year, the Little Rock bank said Monday.

NEWS IN BRIEF

posted: 04/15/2014 2:35 a.m. Discuss

UA business school gets $1 million gift Wal-Mart Stores Inc. President and Chief Executive Officer Doug McMillon and his wife, Shelley, signed an agreement earlier this month to give $1 million to the University of Arkansas’ Sam M. Walton College of Business.

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