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Stuttgart bank set to purchase Bank of Fayetteville

updated: 07/31/2015 1:46 a.m. Discuss

Farmers and Merchants Bankshares of Stuttgart has agreed to acquire Bankshares of Fayetteville, the two banks said Thursday.

Metova to hire 100 more in Conway

posted: 07/31/2015 1:46 a.m. Discuss

Metova Inc., the Tennessee-based mobile application software development company that opened an office in Conway in January, said Thursday that faster than expected growth means it will add more jobs at its Arkansas office.

Entergy's solar bid draws flak at hearing

posted: 07/31/2015 1:44 a.m. Discuss

A proposed agreement by Entergy Arkansas to purchase 20 years of solar power from a solar farm planned near Stuttgart would not benefit the utility's customers, an attorney for a group of large electricity users said Thursday.

News in brief

posted: 07/31/2015 1:39 a.m. Discuss

Bank of the Ozarks tops magazine's list Little Rock-based Bank of the Ozarks Inc. ranked first among midsize banks with assets between $5 billion and $50 billion in a scorecard of publicly traded banks compiled by Bank Director magazine.

App developer to add 100 jobs in Conway

posted: 07/30/2015 8:24 a.m. Discuss

Metova Inc., a mobile software application development company, said Thursday that it plans to hire 100 more in downtown Conway, on top of the 60 jobs projected when it announced its opening in downtown Conway in January.

Retail analyst: Wal-Mart layoffs can lift stock

posted: 07/30/2015 2:10 a.m. Discuss

Any job cuts or management restructuring at Wal-Mart Stores Inc. could be viewed by Wall Street as a positive for the company's financial performance, a retail analyst said Wednesday.

BMWs to move to new LR spot

posted: 07/30/2015 2:08 a.m. Discuss

BMW of Little Rock is relocating its showroom and service center from North Shackleford Road to 4621 Colonel Glenn Plaza Drive with a new $6.8 million facility to showcase the luxury cars.

Falling prices knock Murphy Oil to loss of $73.8M in quarter

posted: 07/30/2015 2:06 a.m. Discuss

Murphy Oil Corp. on Wednesday reported a net loss for its 2015 second quarter as crude oil prices cut into the company's revenue.

Business news in brief

posted: 07/30/2015 2:03 a.m. Discuss

Joblessness drops in state metro areas Six of Arkansas' seven metropolitan areas had unemployment rates below 6 percent in June and two were below 5 percent, the U.S. Bureau of Labor Statistics said Wednesday.

News in brief

posted: 07/30/2015 1:59 a.m. Discuss

Rail-car plant outlay $10.5M; jobs to grow American Railcar Industries Inc. said Wednesday that it will invest $10.5 million in buildings and equipment and add 75 full-time jobs at its railroad tank car plant in Marmaduke in Greene County.

Allens' trustee: Put deal to court

posted: 07/30/2015 1 a.m. Discuss

The Chapter 7 trustee for bankrupt vegetable company Allens Inc. wants a judge to force Sager Creek Vegetable Co., Allens' initial buyer, to submit for court approval a nearly $12 million settlement deal it made with three of Allens' creditors.

4 NW Arkansas cities top Tech business index

posted: 07/29/2015 9:43 a.m. Comments 2

Four Northwest Arkansas cities topped the Arkansas Tech Business Index in May as 16 of the 18 measured municipal economies grew, the university said Wednesday.

Firm preps staff for Wal-Mart layoffs

updated: 07/29/2015 4:07 a.m. Comments 3

Northwest Arkansas recruiting firm Cameron Smith & Associates is preparing its employees for "a surge of phone calls, emails and resumes" related to layoffs at the Wal-Mart Stores Inc. home office in Bentonville.

’15 rain takes toll on wheat crop

posted: 07/29/2015 2:15 a.m. Discuss

Worries about low-commodity prices last fall combined with a wet start to 2015 took a toll on Arkansas’ wheat crop just a year after farmers set a record for average per-acre yields.

Survey to gather haulers' safety costs

posted: 07/29/2015 2:09 a.m. Discuss

The American Trucking Associations wants to know how much transportation companies are spending annually on safety programs and practices.

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