The Delaware bankruptcy of Springdale’s NanoMech Inc. has taken a bizarre cloak-and-dagger turn: Former CEO Jim Phillips, under oath in September, cited “national security” when refusing to answer questions about 46 transactions that its top financial officer knew only as the “CIA arrangement.”
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NanoMech Uncovers Top Secret Dealings
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First Horizon to Buy IberiaBank, Form $75B Company
First Horizon National Corp. of Memphis will purchase IberiaBank Corp. of Lafayette, Louisiana, in a deal that would form a company with $75 billion in assets.
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Abernathy: Workforce Improvement the Key to Growing Business in Arkansas
Arkansas must improve its workforce because a skilled labor pool attracts economic development projects, Ted Abernathy said at the annual Arkansas State Chamber/Associated Industries of Arkansas.
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Randy Sims Retires From Home BancShares
Home BancShares Inc. of Conway announces that long-time company executive Randy Sims has retired.
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Anna Tucker Ashton Talks China Trade, Risks and Opportunities
Anna Tucker Ashton, senior director of government affairs at the U.S.-China Business Council, spoke to Arkansas Business on Friday about the trade war and its effects here.
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Redefining Corporate Governance (French Hill Commentary)
Rather than continue to add more hot air to the BRT debate, let’s embrace the reality that corporations can, and should, focus on both what’s best for shareholders and the larger community.
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U.S. Wealth Distribution Measured by Percentile Group
In the second quarter of 2019, Americans held $107.13 trillion in total wealth, with sharp distinctions based on the wealth percentile in which they find themselves.
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Brokers, Trust Units Stable; Money Managers Up in Arkansas
A surge in assets under management by registered investment advisory firms in North Little Rock, Fayetteville and Little Rock has shaken up this year’s list of money managers in Arkansas.
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East Harding Construction Succeeds at Succession Plan
East Harding Construction has completed a 10-year buyout plan making Van Tilbury the sole owner, and executives are sharing how they went about it.
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The Appearance Of Wealth (Gwen Moritz Editor's Note)
I feel compelled to make this point every year or two, since it is the most important lesson I’ve learned from two decades as your business editor: Wealth and the appearance of wealth are two different things.
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FHLB Dallas Awards Arkansas $2M in Affordable Housing Grants
The Federal Home Loan Bank of Dallas announces $16 million in Affordable Housing Program grants, including $2 million dedicated to projects in Arkansas.
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First Financial Bank, Farmers Bank & Trust Close Acquisitions
A pair of south Arkansas bank companies completed acquisitions this month.
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SEC, Labor Seek Compromise on Fiduciary Duties
Bill Sowell, a registered investment adviser in North Little Rock, embraces a legal obligation to put clients’ financial interests first. And he’s frustrated that the requirement doesn’t apply to everyone across the investing industry.
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Small Companies, Tech Still Grapple with Lack of Investors
Brett Palmer, president of the Small Business Investor Alliance, says there is a gap in access to capital and closing that gap is critical to economic growth.
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Jim Cargill Recognized by World Services for the Blind (Movers & Shakers)
Jim Cargill, president and CEO of Arvest Bank for central, northeast and southwest Arkansas, will be honored by World Services for the Blind with the organization’s 19th Annual Vision Award.
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Heck Promoted at Arvest (Movers & Shakers)
Doug Heck has been named the executive director of Arvest Bank’s consumer lending division in Fayetteville.
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Rewarding Failure (Editorial)
From Wells Fargo to the Razorbacks, severance packages are getting heavy for those given the heave-ho.
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Midtown Med Offices Combine for $34M Sale (Real Deals)
Tandem transactions in midtown Little Rock introduced new ownership to neighboring medical office buildings.
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AFCU Adds Sherwood to Expansion
Arkansas Federal Credit Union recently acquired a former Twin City Bank location in Sherwood for $535,000 from JWJ Investments LLC of North Little Rock, led by Steven Jenkins.
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Here Are Nominees for the 32nd Annual Business of the Year Awards
Arkansas Business announces 35 businesses, nonprofits and executives from around the state as finalists for its 32nd Annual Business of the Year Awards.
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