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David Smith

Stories by David

Japan company agrees to buy firm that owns 33 Arkansas newspapers for $3.3B

updated: 02/21/2017 4:30 a.m. Comments 8

Tokyo-based SoftBank Group Corp. has agreed to pay $3.3 billion in cash to acquire Fortress Investment Group of New York, an owner of more than 120 newspapers nationwide, including 33 in Arkansas.

State bankers hoping for Dodd-Frank tweaks

posted: 02/12/2017 1:50 a.m. Comment 1

Arkansas bankers have several suggestions for changes to the 24,000-page Dodd-Frank Act, but they realize any changes will take time.

Housing sales up a brisk 9% for state in '16

posted: 02/07/2017 1:55 a.m. Discuss

House sales jumped almost 9 percent last year in Arkansas to 34,229, the Arkansas Realtors Association said Monday.

Economic panel's legislative goals are two startup grants

posted: 02/05/2017 1:57 a.m. Discuss

A business and technology accelerator grant program and a small business innovative research matching grant program are part of the Arkansas Economic Development Commission's agenda for the current legislative session.

State's GDP up 2.3% in 3rd quarter

posted: 02/04/2017 2:14 a.m. Discuss

Arkansas' gross domestic product grew at an annual rate of 2.3 percent in the third quarter last year, finishing 41st among the 50 states, according to the U.S. Bureau of Economic Analysis.

2016 loss hits $7.9M at Heartland Bank; Cayman loan cited

posted: 02/01/2017 2:06 a.m. Discuss

Heartland Bank lost $7.9 million last year, according to its annual filing Tuesday with federal regulators.

Utility files for rate rise of 2.38%

posted: 01/31/2017 2:17 a.m. Discuss

First Electric Cooperative Corp. of Jacksonville asked the Arkansas Public Service Commission on Monday for a 2.38 percent rate increase.

Bill aims to alter anti-bias job law

posted: 01/31/2017 2:16 a.m. Discuss

A bill to change the way an employer is defined in the Arkansas Civil Rights Act of 1993 is being debated in the state House of Representatives.

Pine Bluff bank expects buildup to $20B

posted: 01/25/2017 5:45 a.m. Discuss

Simmons First National Corp. expects to more than double its assets to $20 billion within three years, the Pine Bluff bank's chief executive said during a conference call Tuesday.

Windstream trims 164 jobs, 25 in Little Rock

posted: 01/24/2017 5:45 a.m. Comment 1

Windstream Holdings eliminated the jobs of 164 employees Monday, including 25 in Little Rock, the firm's spokesman said.

3 banks expanding horizons

posted: 01/22/2017 2:08 a.m. Discuss

Last year, Little Rock-based Bank of the Ozarks became the largest bank in the state and now has $18.9 billion in assets.

Arkansas' unemployment rate drops to 3.9%

posted: 01/21/2017 2:10 a.m. Discuss

Arkansas' unemployment rate slipped to 3.9 percent in December from 4 percent in November, the U.S. Bureau of Labor Statistics said Friday.

Conway lender's 4Q net a record

posted: 01/20/2017 1:59 a.m. Discuss

Home BancShares, which has 142 Centennial Bank branches in Arkansas, Florida, Alabama and New York, earned a record $48.6 million in the fourth quarter, the Conway-based bank said Thursday.

State home sales rise by 25% in November

posted: 01/19/2017 2:16 a.m. Discuss

Home sales in Arkansas jumped almost 25 percent in November compared with November 2015, the Arkansas Realtors Association said Wednesday.

Pine Bluff bank posts 4Q earnings of $27M

posted: 01/19/2017 2:15 a.m. Discuss

Simmons First National Corp. had a net income of $27 million in the fourth quarter last year, the Pine Bluff-based bank said Wednesday.

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