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David Smith

Stories by David

State's jobless rate again at record low

updated: 03/25/2017 3:20 a.m. Comment 1

Arkansas' unemployment rate fell to 3.7 percent in February, setting a record low for the second-straight month, the U.S. Bureau of Labor Statistics said Friday.

U.S.' eye stays on state nuclear plant

posted: 03/25/2017 2:02 a.m. Comment 1

RUSSELLVILLE -- Entergy continues to face challenges in the operation of its Arkansas Nuclear One generating plant almost four years after a worker was killed and eight others were injured in an accident.

Filing puts Sears' future in doubt; store in Little Rock closed last year

posted: 03/23/2017 4:30 a.m. Comment 1

Sherry McGuire doesn't shop at Sears as much as she used to, but the Siloam Springs resident said she still couldn't imagine a day the department store chain would close its doors.

Tally of state banks approaches record low

posted: 03/19/2017 2 a.m. Discuss

The number of banks in Arkansas will fall below 100 this year, the lowest level ever in the state, including the Great Depression in the 1930s.

State jobless rate falls to record 3.8%

posted: 03/14/2017 2:07 a.m. Discuss

Arkansas' unemployment rate slipped to a record 3.8 percent in January, the lowest level in the state's history, from 3.9 percent in December, U.S. Bureau of Labor Statistics said Friday.

Firms vetted for LR startup accelerator

posted: 03/12/2017 1:54 a.m. Discuss

There are some unique business models among the 295 companies that applied to participate in the second Financial Technology Accelerator program in Little Rock, said Lee Watson, chief executive officer of the Venture Center, the site for the training.

State's home sales up 8% from January '16

posted: 03/09/2017 2:08 a.m. Discuss

Arkansas home sales rose almost 8 percent in January compared with January 2016, the Arkansas Realtors Association said Wednesday.

Ex-photo archivist from North Little Rock pleads guilty in case centered on Heisman Trophy fraud

posted: 03/07/2017 4:30 a.m. Comment 1

John Rogers, the former photo archivist from North Little Rock, pleaded guilty to one count of wire fraud Monday in federal court in Chicago, according to the court clerk's office.

Windstream 4Q loss $86.9M

posted: 03/02/2017 2:20 a.m. Comment 1

Windstream Holdings lost $86.9 million in the fourth quarter compared with net income of $141 million in the same period of 2015, the Little Rock telecommunications company said Wednesday.

Grand opening today for Big River Steel mill

posted: 03/01/2017 4:30 a.m. Discuss

Big River Steel set a record for the most expensive economic development project ever built in Arkansas, and it continues to set new records in its first months of operation, the mill's chief executive officer said.

Two tell group of regulatory chill on growth

posted: 02/26/2017 1:54 a.m. Comment 1

Congress needs to address a series of changes to an outdated financial regulatory system, an Arkansas congressman and a representative of the U.S. Chamber of Commerce said last week.

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.

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