Auto Dealership Buys Surpass $41 Million (Real Deals)
A series of auto transactions in Pulaski County added up to $41.5 million. Affiliates of Little Rock’s McLarty Auto Group bought four auto properties from affiliates of Asbury Automotive Group of...
View ArticleLex Golden Lists Nearly $8 Million in Liabilities in Bankruptcy Filing
Did you know that Lex Golden, the Little Rock banker who once controlled two Arkansas financial institutions, recently filed Chapter 7 bankruptcy? The joint filing by Golden and his wife, Ellen, lists...
View ArticleSimmons Bank Buys Acxiom Building in Downtown Little Rock
Simmons Bank of Pine Bluff has purchased the 12-story Acxiom Building in downtown Little Rock, and Acxiom Corp. will move its headquarters back to Conway, where it was founded, the two companies...
View ArticleDowntown Startup Space Among Conway Chamber's Priorities
(Editor's Note: A correction has been made to this article. See the end of the article for details.) The Conway Area Chamber of Commerce said Thursday it will raise public and private money for seven...
View ArticleShelia Cannon Turns to Stone Bank (Movers & Shakers)
Shelia Cannon has been named a professional banker on the retail banking team at Stone Bank in White Hall. She was most recently a branch manager at Simmons Bank in Pine Bluff and began her banking...
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The Policy Rule Debate: A Simpler Solution (James Bullard Commentary)
There has been growing public debate over how the Federal Reserve should conduct and communicate monetary policy. Some recent proposals, for instance, would require the Fed to specify a monetary policy...
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Managing Small-Business Cash Flow (Marcus Guinn Expert Advice)
Cash flow is the largest determining factor of a small business’ success or failure. Before a company opens for business, there should be a plan in place for managing cash flow. Every company will...
View ArticleGolden Bankruptcy Reveals Allcorp Deal
A possible bank stock sale and details of a legal settlement are part of the bankruptcy narrative in the 66-page Chapter 7 filed by Lex and Ellen Golden of Little Rock. The Feb. 27 petition, which...
View ArticleNew Loan in the Works for K Lofts
Rumblings of a new funding agreement for the long dormant K Lofts development in downtown Little Rock have reached our ears. A new loan from an Alabama lender was supposed to close last week, by March...
View ArticleKathy Deck To Leave Arkansas for Alabama-Tuscaloosa
Economist Kathy Deck is leaving the University of Arkansas at Fayetteville to become the director of community and economic research partnerships at the University of Alabama at Tuscaloosa. Deck, 41,...
View ArticleBank of the Ozarks CEO's Pay Up 5 Percent in 2016
George Gleason, 63, chairman and chief executive officer of Little Rock's Bank of the Ozarks Inc., received total compensation of $6.2 million during 2016. While Gleason was the highest paid executive...
View ArticleNominate by Friday for Arkansas Business 40 Under 40
For the 24rd consecutive year, Arkansas Business is seeking nominations for its 40 Under 40 program, which recognizes 40 professionals under the age of 40 who excel in their profession and are leaving...
View ArticleMost Simmons First Executives See Pay Drop in 2016
George Makris Jr., 60, chairman and CEO of Simmons First National Corp., received total compensation of more than $2.4 million during 2016. That was almost 22.4 percent lower than 2015, according to...
View ArticleFed Hikes Key Rate for Second Time in 3 Months
WASHINGTON — The Federal Reserve has raised its benchmark interest rate for the second time in three months and signaled that any further hikes this year will be gradual. The move reflects a...
View ArticleGovernor Appoints Arkansas CEOs to Study State's Computer, Data Sector
Gov. Asa Hutchinson on Friday announced the formation of the blue ribbon commission to study how to grow the state's computer science and data analytics sector. The 19-member commission, co-chaired by...
View ArticleMemory Care Facility Visited by $14M Sale (Real Deals)
A 74-bed assisted living center in west Little Rock weighed in at $14.07 million. MHI Little Rock Ltd., an affiliate of Mainstreet Health Investments of Carmel, Indiana, bought the 43,988-SF Memory...
View ArticleStop Payday Lending – Again (Editorial)
Arkansans have repeatedly affirmed at the ballot box that they oppose predatory lending. Amendment 89 to the state Constitution caps interest rates at 17 percent, and in 2008, Attorney General Dustin...
View ArticleArkansas Business Presents The Influencers
Meet five leaders in business and education who are influencing their industries, their communities and the future of Arkansas. Darrin WilliamsSouthern Bancorp Michael PooreLittle Rock School District...
View ArticleArkansas Unemployment Rate Through the Years
The Federal Reserve Bank of St. Louis, which researches a number of economic issues, is the source for the accompanying chart, which tracks Arkansas’ unemployment rate from Jan. 1, 1976, through Dec....
View ArticleThe Influencers: Darrin Williams of Southern Bancorp
Darrin Williams stepped into leadership at Southern Bancorp Inc. after coming to prominence as a successful Little Rock lawyer and state legislator. As CEO of Southern Bancorp, Williams, 48, oversees...
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