posted: 12/08/2013 2:17 a.m.
Brad Choate, one of the University of Arkansas at Fayetteville’s most successful fundraisers, is expected to talk publicly this week for the first time about how the Division of University Advancement under his leadership last year became mired in a surprise, multimillion-dollar deficit.
posted: 12/08/2013 1:57 a.m.
Auditors, school officials and Joy Sharp herself, who worked for the University of Arkansas at Fayetteville for almost 40 years, agree that she made mistakes in handling finances for the school’s fundraising division.
posted: 12/08/2013 1:56 a.m.
Washington County prosecutors are investigating four issues related to multimillion-dollar deficits in the University of Arkansas at Fayetteville Division of University Advancement.
posted: 11/06/2013 4:43 a.m.
The Arkansas Legislative Joint Auditing Committee has postponed until Dec. 13 a second round of hearings into overspending by the University of Arkansas at Fayetteville fundraising division.
posted: 11/06/2013 12:50 a.m.
An FBI agent who specializes in financial matters has joined a Washington County prosecutor’s team that is investigating concerns that arose in an audit of the University of Arkansas at Fayetteville’s fundraising division.
posted: 09/24/2013 12:02 a.m.
Key legislators want to hear other views concerning a state audit report into deficit spending by the University of Arkansas at Fayetteville’s fundraising division — including from the division’s former chief Brad Choate and budget officer Joy Sharp, they said Monday.
posted: 06/30/2013 4:04 a.m.
Legislative auditors have completed much of the field work on a review of deficit finances at the University of Arkansas at Fayetteville’s Division of Advancement and estimate the audit to be released later this summer, an official said Friday.
posted: 06/12/2013 12:13 a.m.
FORT SMITH — Teamsters union leaders are urging more than 7,000 of their members to approve a new, five-year contract with ABF Freight System Inc. in Fort Smith, one of the nation’s largest trucking firms.
posted: 06/09/2013 2:07 a.m.
FORT SMITH — Like their counterparts in Bentonville, developers in this Old West-theme city on the Oklahoma state line are wagering millions in downtown redevelopment dollars on the aura of a new, national museum.
posted: 06/02/2013 2:43 a.m.
With Wal-Mart Stores Inc. back atop the Fortune 500 list of biggest U.S. companies, about 14,000 shareholders from around the world will stream into Northwest Arkansas this week for the company’s annual meeting and pep rally.
posted: 05/22/2013 12:32 a.m.
FORT SMITH — ABF Freight System Inc.’s tentative contract with the Teamsters — if approved by union members — “would allow us to restore the profitability of our company and allow our employees to have the bestpaying jobs in the industry,” parent company Arkansas Best Corp. chief executive Judy McReynolds said Tuesday.
posted: 05/18/2013 3:44 a.m.
Though Arkansas’ two largest airports followed a national trend of declines in commercial airline flights during the past five years, they haven’t been hit as hard as many of the nation’s smaller airports, according to a national study issued this week.
posted: 05/16/2013 3:45 a.m.
The chairman of the board of USA Truck of Van Buren, Robert Peiser, has submitted his conditional resignation after failing to receive a majority of shareholder votes for re-election to the board at the company’s May 8 annual meeting, according to a truck company filing Wednesday.
posted: 05/12/2013 4:37 a.m.
What Arkansas hospitals charge, even for the same medical procedure within the same city, can vary by tens of thousands of dollars, according to recently released 2011 federal data.
posted: 05/07/2013 2:53 a.m.
USA Truck of Van Buren narrowed its net losses in the year’s first quarter to $2.5 million, or 24 cents per share on improved revenue, according to the company’s earnings statement issued Monday.
posted: 05/05/2013 2:47 a.m.
Three weeks after Doyle Fowler was elected mayor of McCrory in 2003, American Greetings Corp. made a dreaded announcement.
posted: 05/04/2013 3:06 a.m.
After more than four months of negotiations, ABF Freight System Inc. of Fort Smith and the Teamsters union have reached a tentative agreement regarding a new five-year contract, according to news releases late Friday from both groups.
posted: 05/01/2013 12:29 a.m.
FORT SMITH — After four months of ongoing contract negotiations aimed at reducing labor costs with the Teamsters union, Arkansas Best Corp. on Tuesday announced a net loss for the first quarter of $13.4 million, or 52 cents per share — and pointed squarely at high-priced union wages and benefits.
posted: 04/30/2013 2:07 a.m.
QUOTE OF THE DAY “Job additions and rising household wealth will continue to support housing demand.” Lawrence Yun, National Association of Realtors chief economist Article, 1D First Federal reports officers’ earnings Dabbs Cavin, chief executive officer at First Federal Bancshares of Arkansas, earned $263,000 last year, the Harrison bank said in a federal filing Friday.
posted: 04/24/2013 2:11 a.m.
Top Wal-Mart executive Michael Duke saw his overall pay top $27.1 million in the past year, including $7.1 million in stock options exercised, according to the annual shareholders’ statement filed Monday by Wal-Mart Stores Inc. of Bentonville.
posted: 04/05/2013 12:19 a.m.
A Florida-based hospital-management company announced Thursday that it will more than double its workers in Fort Smith to create a regional service center that will employ about 500 people.
posted: 03/25/2013 4:36 a.m.
An attorney for the Arkansas Division of Legislative Audit said it’s likely to be “a couple of months” before the agency finishes an audit report regarding $3.37 million in overspending last fiscal year by the fundraising division of the University of Arkansas at Fayetteville.
posted: 03/17/2013 3:43 a.m.
The chancellor of the University of Arkansas at Fayetteville had close ties dating back decades with two employees at the center of a multimillion-dollar deficit in UA’s Advancement Division.
posted: 03/10/2013 5:34 a.m.
University of Arkansas at Fayetteville officials say the costs of hiring new staff members drove a $3.37 million budget deficit in the school’s fundraising division last year.
posted: 03/02/2013 4:56 a.m.
The state’s Legislative Audit Division will take charge of a financial review into a $3.37 million budget deficit in the University of Arkansas at Fayetteville’s fundraising division, the division’s director said Friday.
posted: 02/24/2013 4:14 a.m.
University of Arkansas at Fayetteville Chancellor G. David Gearhart threatened to call in auditors as early as Aug. 6 last year if he couldn’t get answers regarding a surprise $3 million-plus budget deficit in the Division of University Advancement, university records show.
posted: 02/16/2013 5:08 a.m.
A University of Arkansas at Fayetteville report on its fundraising division’s $3.37 million deficit found “overwhelming” evidence of “lack of management oversight, noncompliance with university policies and procedures and deliberate efforts to disguise poor financial management.”
posted: 02/06/2013 12:40 a.m.
The University of Arkansas at Fayetteville’s chancellor has called for independent audits by two state agencies into $3.37 million in overspending last year by the school’s Advancement Division.
posted: 01/08/2013 12:21 a.m.
Chaffee Crossing, a 7,000-acre economic development site carved out of the now-closed Fort Chaffee army base, sold almost $3 million in property for commercial and residential development in 2012 and expects to close on about $3 million more in the first quarter of this year, Chaffee Crossing officials said Monday.
posted: 01/03/2013 12:13 a.m.
USA Truck Inc. of Van Buren, which reported its largest quarterly loss ever in October, has fired its chief financial officer, according to a filing with the U.S. Securities and Exchange Commission.
posted: 12/21/2012 2:26 a.m.
Imagine high-speed passenger trains of the future zipping from Memphis to Little Rock to Texarkana at speeds up to 200 mph.
posted: 12/21/2012 12:27 a.m.
After two opening days of labor-contract negotiations, ABF Freight System Inc. said late Wednesday that it seeks “dramatically lower” labor costs from its International Brotherhood of Teamsters workers.
posted: 12/18/2012 3:19 a.m.
Eight towboats pushing barges sailed through locks at the Montgomery Point Lock and Dam on Saturday, the first day in two weeks that shippers could float cargo between the Arkansas and Mississippi Rivers.
posted: 12/15/2012 2:02 a.m.
Representatives from ABF Freight System Inc. of Fort Smith and the International Brotherhood of Teamsters union are scheduled to sit down Tuesday in a hotel conference room in Kansas City to undertake a high-stakes labor contract negotiations.
posted: 12/14/2012 1:52 a.m.
Rheem Manufacturing Co. said Thursday that it would lay off 75 to 100 hourly employees, effective Jan. 11, as part of seasonal staffing adjustments at its Fort Smith plant.
posted: 12/13/2012 1:42 p.m.
Rheem Manufacturing Co. announced Thursday that it would lay off 75 to 100 hourly employees at the Fort Smith plant effective Jan. 11 as part of normal seasonal staffing adjustments.
posted: 12/13/2012 3:33 a.m.
Airline passengers using Northwest Arkansas Regional Airport next year can expect to taxi on a runway rebuilt for $40 million, buy more personal services such as manicures and shoeshines, and check flights on an updated airport website.
posted: 12/08/2012 3:12 a.m.
Charlotte Patterson enjoys selling poinsettias this time of year for Parks Brothers Farm near Van Buren.
posted: 11/30/2012 12:33 a.m.
Playing the latest movie clips of British spy James Bond and his signature Walther PPK semiautomatic pistol, Arkansas and Fort Smith dignitaries on Thursday attended an announcement that German firearm-maker Carl Walther GmbH’s new U.S.-based operation will locate in Fort Smith. Walther Arms Inc., the company’s U.S. arm that was created this summer, will move into an existing plant owned by Umarex USA, which manufactures and markets airguns, paintball products, airsoft guns and blank-firing pistols, company officials said Thursday.
posted: 11/27/2012 3:10 a.m.
Backers of a planned 105-acre shopping mall in the growing Chaffee Crossing development in Barling say they’re not discouraged about a lawsuit contesting a Nov. 6 vote that approved alcohol sales for the town.