Today's News

Christian Tafner Named Deputy Director for Veterans Affairs in Arkansas

by Kyle Massey 3/23/2018 03:19 pm

Former Air Force pilot Christian Tafner has landed at the Arkansas Department of Veterans Affairs, where he will spend the next year as right-hand man to Director Nate Todd.

DOE Drops Its Deal With Clean Line; Wind Project Won't Cross Arkansas

by Kyle Massey 3/23/2018 02:31 pm

Two months after planners gave up hopes of crossing Arkansas with a $2.5 billion wind-energy transmission line as doomed, the U.S. Department of Energy hammered a nail in the project's coffin Friday by ending its participation in the Plains & Eastern Clean Line.

Attorney General Appeals Marijuana Case to Arkansas Supreme Court

by Arkansas Business Staff 3/23/2018 02:06 pm

Arkansas Attorney General Leslie Rutledge has appealed to the state Supreme Court a Pulaski County Circuit Court order that stopped the rollout of medical marijuana.

Trial Set in Defamation Lawsuit Against Little Rock Firm

by Associated Press 3/23/2018 11:55 am

A trial has been set in the defamation case brought by a Minot hospital against a communications firm over one of the largest hepatitis C outbreaks in recent U.S. history.

Raycom Media Names Hatton Weeks GM at KAIT

by Lance Turner 3/23/2018 11:45 am

Raycom Media of Montgomery, Alabama, names Hatton Weeks vice president and general manager of KAIT-TV, Channel 8, in Jonesboro.

US New-Home Sales Dipped in February, But Demand Is Solid

by Associated Press 3/23/2018 11:32 am

Sales of new U.S. homes slipped 0.6 percent in February, a third straight monthly decline. But year to date, sales are up 2.2 percent compared with 2017 in a sign that buyer demand remains solid.

ArcBest Execs See Pay Rise in 2017

by Lance Turner 3/23/2018 11:24 am

ArcBest Corp. CEO Judy McReynolds made $2.1 million in 2017, up from the $1.61 million she made in in 2016, the company reported in its annual proxy statement filed with the U.S. Securities & Exchange Commission.

Arkansas' February Unemployment Rises to 3.8 Percent

by Arkansas Business Staff 3/23/2018 10:14 am

The state Department of Workforce Services said Friday that Arkansas' civilian labor force declined by 1,794 from January, a result of 17 more Arkansans being unemployed and 1,811 dropping from the workforce.

Trump to Punish China on Trade as US Companies Fear Backlash

by Associated Press 3/22/2018 11:51 am

The Trump administration readied restrictions Thursday on Chinese investment and tariffs on nearly $50 billion worth of Chinese imports to punish Beijing for stealing American technology and pressuring U.S. companies to hand it over.

Fed Report: Examiners Tried to Remove Goldens Years Before Bank Failure

by Gwen Moritz 3/22/2018 11:44 am

A report concludes that federal bank regulators recognized that Lex Golden was a poor banker and that his family was abusing its control of Allied Bank for years.

US Faces Off Against AT&T to Block Time Warner Merger

by Associated Press 3/22/2018 10:54 am

The Trump administration is facing off against AT&T to block the telephone giant from absorbing Time Warner, in a case that could shape how consumers get — and how much they pay for — streaming TV and movies.

Arkansas Cities, Counties Sue Drug Makers Over Opioid Crisis

by Associated Press 3/21/2018 04:10 pm

A coalition of cities and counties around Arkansas has sued dozens of makers and distributors of opioids, arguing that the companies should bear the cost of drug abuse in the state.

Fed Raises Key Interest Rate by A Quarter-Point

by Associated Press 3/21/2018 01:21 pm

The Federal Reserve is raising its benchmark interest rate and signaling that it is sticking with a gradual approach to rate hikes under its new chairman, Jerome Powell.

Ace Glass Invests Nearly $4M In New Facility

by Sarah Campbell-Miller 3/21/2018 12:44 pm

A major renovation that includes a 2-acre, 140-kilowatt solar array is underway at 3101 Dugan St. in Little Rock, which will become the new home of Ace Glass Construction Corp. in a matter of weeks.

Solar Plant Planned in Crossett Will Provide Power to AECC

by Kyle Massey 3/21/2018 11:59 am

Continuing a wave of investment in solar power by the state's electric cooperatives, Arkansas Electric Cooperative Corp. has agreed to buy solar electricity from an 800-acre generation facility to be built near Crossett.

Judge Voids Marijuana Commission's Cultivation Choices

by Lance Turner 3/21/2018 11:20 am

A Pulaski County Circuit Court judge declares the Arkansas Marijuana Commission's scoring of cultivator applicants "null and void," preventing the commission from officially awarding cultivation licenses.

P.A.M. Executives Get Pay Boost in 2017

by Lance Turner 3/21/2018 10:33 am

Both named executive officers of P.A.M. Transportation Services Inc. of Tontitown saw their total compensation rebound last year, according to the company's proxy statement, filed Tuesday.

Wal-Mart Wins Challenge to Refusal of Liquor Licenses in Texas

by Associated Press 3/21/2018 08:44 am

An industry association representing Texas' liquor store operators says it will appeal a federal judge's ruling that opens the door for Walmart in Texas to sell liquor by the bottle.

Everett Automotive Buys Landers Chevrolet of Benton

by Lance Turner 3/20/2018 04:04 pm

Everett Automotive Group of Bryant buys Landers Chevrolet of Benton, which will now operate under the name Everett Chevrolet.

What's Likely as Fed Meeting Ends and Powell Takes Questions

by Associated Press 3/20/2018 10:50 am

Federal Reserve officials are meeting this week for the first time under their new chairman, Jerome Powell, whose news conference to follow is stirring high anticipation.