posted: 12/05/2013 3:20 a.m.
The practice of allowing contributions to be made to nonprofit organizations instead of fines being paid to a state agency is not uncommon, experts in the field say.
posted: 12/03/2013 3:34 a.m.
Heath Abshure, commissioner of the Arkansas Securities Department, has signed “three illegal consent orders” in which he accepted charitable contributions to “the commissioner’s chosen charities” in lieu of fines, Little Rock-based Stephens Inc. claims in a complaint with the Arkansas Ethics Commission. The largest contribution, $150,000, was made in July by Little Rock-based Crews & Associates to the North American Securities Administrators Association in lieu of paying a fine to the department, Stephens claims in the complaint. Rush Harding, chief executive officer of Crews, declined to comment Monday about the assertion.
posted: 11/27/2013 3:19 a.m.
For the first time since totals became available in 2008, more than 11,000 new vehicles were registered in a single month in Arkansas, according to Cross-Sell of Lexington, Ky., which provides analysis for the auto industry.
posted: 11/26/2013 1:20 a.m.
The Arkansas Economic Development Commission has included two large sites on a website that promotes the locations to major industries.
posted: 11/23/2013 4:43 a.m.
Arkansas’ unemployment rate was 7.5 percent last month, up from 7.4 percent in September, the U.S. Bureau of Labor Statistics said Friday.
posted: 11/21/2013 3:40 a.m.
Lynn Hamilton, vice president of operations for the Arkansas Democrat-Gazette since 1982, has been promoted to president and general manager of Arkansas Democrat-Gazette, Inc., Jeff Jeffus, president of WEHCO Newspapers, Inc., said Wednesday.
posted: 11/15/2013 3:17 a.m.
Employers should share their opinions on political issues with their employees, the president of a business political action committee told state business leaders Thursday.
posted: 11/14/2013 5:30 a.m.
Arkansas was one of 20 states where median home values rebounded in the years after the 2007-2009 recession, according to U.S. census figures that economists say provide further evidence that the state’s housing market remained largely insulated from the worst of the recession.
posted: 11/08/2013 12:35 a.m.
Paul Smith is retiring as president of WEHCO Newspapers, Inc., and Nat Lea is being promoted to president of WEHCO Media, Inc., Walter E. Hussman Jr., chairman and chief executive officer of WEHCO Media, said Thursday.
posted: 11/07/2013 3:14 a.m.
Arkansas’ economy should gradually improve over the next two years, Michael Pakko, a university economist, said Wednesday at an economic forecast conference.
posted: 11/02/2013 3:17 a.m.
Home sales in Arkansas jumped more than 18 percent in September, the Arkansas Realtors Association said Friday, a month when buyers usually take a break because of the start of the school year.
posted: 11/01/2013 12:21 a.m.
Customers of three natural-gas utilities in Arkansas will pay from 6 percent less to 5 percent more on their heating bills this winter, the companies said in filings with the Arkansas Public Service Commission.
posted: 10/31/2013 3:24 a.m.
Fewer than one in five of the Entergy Corp. employees who qualify for incentive packages that will be funded in part by Arkansas customers of the utility actually live in the state, company executives told the state Public Service Commission on Wednesday.
posted: 10/27/2013 3:33 a.m.
The next 12 to 24 months will “represent a golden age of bank mergers and acquisitions for a select few” banks, says an investment banking analyst in Little Rock.
posted: 10/25/2013 12:36 a.m.
Only two of the 53 Entergy Corp. executives eligible for long-term incentive compensation in Entergy Arkansas’ rate case currently before the Public Service Commission live in Arkansas, the state’s largest utility said Thursday.
posted: 10/24/2013 12:40 a.m.
New-vehicle registrations in Arkansas fell 19 percent to 6,418 titles in September, the fifth time this year a month has shown a decline, Cross-Sell of Lexington, Ky., which provides analysis for the auto industry, said Wednesday.
posted: 10/23/2013 3:30 a.m.
Entergy Arkansas should not receive the full amount of millions of dollars for bonuses and other compensation it seeks for company executives as part of a $145 million rate request, some parties to the case told the Arkansas Public Service Commission on Tuesday.
posted: 10/18/2013 12:20 a.m.
Home BancShares, which owns Centennial Bank, reported record net income for the third quarter of $18.4 million, the 10th-straight quarter of record earnings, the Conway bank said Thursday.
posted: 10/16/2013 12:40 a.m.
Baptist Health System is considering expanding into Conway, a spokesman with the Little Rock-based hospital system said Tuesday.
posted: 10/15/2013 12:46 a.m.
The owners of St. Vincent Health System in Little Rock have signed a nonbinding letter of intent to acquire Mercy Hot Springs hospital and physician clinic, the two hospitals announced Monday.
posted: 10/12/2013 5:57 a.m.
A Scottsdale, Ariz., company, nGage Labs, will open an office in downtown Little Rock and hire at least 35 employees, the firm’s chief executive officer said Friday.
posted: 10/11/2013 1:56 a.m.
Bank of the Ozarks earned $22.4 million in the third quarter, up 16 percent from $19.3 million in the third quarter last year, the Little Rock bank said Thursday.
updated: 10/09/2013 2:35 a.m.
More than 2,800 homes were sold in Arkansas in August, a good deal more than in 2012 and the most since August 2007 — four months before the country fell into a recession, the Arkansas Realtors Association said Tuesday.
posted: 10/08/2013 3:23 a.m.
Johnelle Hunt, the billionaire widow of trucking tycoon J.B. Hunt and manager of J.B. Hunt LLC, filed a claim last week through BHL Financing LLC against the estate of Layton Stuart, seeking more than $15.2 million.
posted: 10/05/2013 6:32 a.m.
Moody’s Investors Service has withdrawn the ratings for bonds issued by 222 of Arkansas’ 238 school districts because of a change in the method it uses to rate them.
posted: 10/03/2013 3:22 a.m.
Fayetteville-based Arvest Bank has agreed to buy National Banking Corp., the North Little Rock-based bank said Wednesday.
posted: 10/03/2013 3:22 a.m.
Only months after earning his master’s of business administration from the University of Arkansas at Little Rock in 1979, Lynn Hamilton got a job offer and planned to resign from his position with the Arkansas Democrat.
posted: 10/02/2013 3:30 a.m.
Deposits at banks in Arkansas on June 30 were down about $270 million compared with a year earlier, according to a once-a-year federal accounting of bank deposits.
posted: 10/01/2013 3:53 a.m.
Shares of P.A.M. Transportation Services jumped more than 70 percent in the third quarter, by far the best-performing stock of any Arkansas public company during the three-month period.
posted: 09/29/2013 3:25 a.m.
Four siblings and officers with Dillard’s Inc. were among the highest paid public company executives in Arkansas last year, each earning more than $21 million.
posted: 09/28/2013 2:57 a.m.
New-vehicle registrations in Arkansas dropped 6.8 percent in August to 9,072, according to Cross-Sell of Lexington, Ky., which provides analysis for the auto industry.
posted: 09/27/2013 4:44 a.m.
The Troubled Asset Relief Program has been an unpopular government program since its creation five years ago, but it also has proven to be one of the most effective and necessary programs in recent years, the overseer of the program said Thursday.
posted: 09/20/2013 3:50 a.m.
McLane Co. of Temple, Texas, a distributor of groceries, convenience-store items and tobacco products, and some of its subsidiaries have sued two Arkansas agencies and their directors, claiming that a tax law passed in the most recent legislative session is unconstitutional.
posted: 09/17/2013 12:34 a.m.
It is likely that the biggest creditors in the Rogers Bancshares Chapter 11 bankruptcy will get most of their investment back after Simmons First National Corp. won an auction last week to buy Rogers for $53.6 million, an attorney in the case said Monday.
posted: 09/15/2013 2:45 a.m.
Nat Lea has been promoted to president of Arkansas Democrat-Gazette, Inc., Walter Hussman, publisher of the Democrat-Gazette and president of WEHCO Media, Inc., announced Friday.
posted: 09/11/2013 3:35 a.m.
Arkansas home sales improved 19 percent in July, the biggest year-over-year gain in more than three years, the Arkansas Realtors Association said Tuesday.
posted: 09/11/2013 3:32 a.m.
Simmons First National Corp.’s successful bid to buy Metropolitan National Bank of Little Rock will benefit the Pine Bluff bank in central and Northwest Arkansas, two banking experts said Tuesday.
posted: 09/10/2013 12:34 a.m.
Simmons First National Corp. made the successful bid for Metropolitan National Bank of Little Rock in a private auction Monday.
posted: 09/06/2013 12:53 a.m.
Two of the largest banks in Arkansas have entered bids to purchase Metropolitan National Bank of Little Rock.
posted: 09/01/2013 3:06 a.m.
About a dozen linemen from electric cooperatives in Arkansas will travel to the mountains of northwestern Guatemala in October to help provide electricity to two rural villages.
posted: 08/28/2013 3:25 a.m.
Several years ago, defense contractor Lockheed Martin challenged workers at its East Camden plant to assemble a high mobility artillery rocket system launcher without making a single mistake.
posted: 08/27/2013 12:32 a.m.
Two days after regulators forced the late Layton Stuart out of his position as chief executive officer at One Bank & Trust in Little Rock, the bank’s former chief lending officer said in a memorandum to the bank’s board of directors that he expected to be questioned by regulators about his involvement in the handling of three loans.
posted: 08/25/2013 3:38 a.m.
Home sales in Arkansas have failed to recover to prerecession levels, the result of a slow economic recovery and a stagnant job market, economists say.
posted: 08/22/2013 4:28 a.m.
New-vehicle registrations in Arkansas jumped 25 percent in July, the best July in the past five years, according to Cross-Sell of Lexington, Ky., which provides analysis for the automobile industry.
posted: 08/20/2013 12:20 a.m.
Arkansas’ unemployment rate rose to 7.4 percent in July, the U.S. Bureau of Labor Statistics said Monday, matching the national rate for the first time in more than five years.
posted: 08/16/2013 12:26 a.m.
Warwick Sabin, publisher of the Oxford American for more than five years, resigned Thursday to become executive director of the Arkansas Regional Innovation Hub, a new nonprofit organization that will promote entrepreneurship.
posted: 08/15/2013 3:26 a.m.
LSB Industries Inc. plans to invest up to $425 million on three facilities at its El Dorado Chemical Co. plant in south Arkansas, the Oklahoma City firm said Wednesday.
posted: 08/13/2013 12:19 a.m.
ARKADELPHIA — More than two years after Petit Jean Poultry closed a poultry processing plant in Arkadelphia, putting about 200 employees out of work, a California firm said on Monday it will reopen the plant and hire 172 workers.
posted: 08/10/2013 3:04 a.m.
Arkansas Best Corp. reported net income of $4.9 million in the second quarter, down from $11.8 million in the same period last year, the Fort Smith trucking firm said Friday.
posted: 08/09/2013 12:11 a.m.
LONOKE — Remington Arms Co. of Lonoke plans to hire 50 to 100 employees to work in a $32 million expansion, plant manager Jim Grahlmann said Thursday at a groundbreaking ceremony.