Arkansas Business Presents The Power List 2016
Arkansas Business introduced “The Power List” in 2006 and last updated it in 2014. It’s a chore that inspires a certain amount of dread in the staff because there are so many people and so many...
View ArticleKathryn Hicks Named New Centennial Bank VP at Mountain Home (Movers & Shakers)
Kathryn Hicks has been named vice president and market leader for Centennial Bank in Mountain Home, and Harrison Young has moved to Mountain Home as a loan officer. Hicks has worked for Centennial for...
View ArticleRiverhouse Apartments Sell for $39.6 Million (Real Deals)
The sale of a 260-unit apartment project in Little Rock’s Riverdale area weighed in at more than $39.62 million. Riverhouse/ML-BWP LLC and Riverhouse/1031 LLC, both of Nashville, Tennessee, bought...
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The Paradox of Optimism (Gwen Moritz Editor's Note)
An analysis by national correspondent Ryan Cooper for TheWeek.com declared the 401(k) system to be “a blight on the face of the American republic.” That’s the kind of over-the-top headline that is...
View ArticleM&M Bankruptcy Lists Over $8 Million in Debts
New details in the M&M Environmental Group LLC’s Chapter 7 bankruptcy show it has $8.4 million in debts. The Conway firm that provided environmental services to the oil and gas industries filed for...
View ArticleDowntown Little Rock's Regions Center Building For Sale
Did you know one of the tallest buildings in Arkansas is marked for sale? The 30-story Regions Center in downtown Little Rock and its adjoining six-story parking deck are carrying a list price of $40...
View ArticleUS Grew Slightly More in 4Q Than Earlier Estimated
WASHINGTON — The U.S. economy grew at a slightly faster rate in the fourth quarter than previously estimated, boosted by stronger consumer spending. Consumers may be providing more lift to the economy...
View ArticleArkansas February Unemployment Rate Falls to 4.2 Percent
Arkansas' February unemployment rate is 4.2 percent, down from 4.4. percent in January and 5.6 percent in the same month last year, according to report Friday from the state Department of Workforce...
View ArticleBurgundy Book: More Arkansans Expect Worsening Economic Conditions
According to a February survey of business contacts, a little less than 50 percent expect economic conditions will worsen in 2016 compared with 2015 — a marked decline from three months earlier, when...
View ArticleMatt Brasel Made Area President of Bear State Bank (Movers & Shakers)
Matt Brasel of Rogers has been promoted to the newly created position of area president of Bear State Bank for northwest, central and southwest Arkansas and eastern Oklahoma. Brasel was previously...
View ArticleWLR Dealership Combo Generates $10.3M Sale (Real Deals)
A west Little Rock auto dealership tipped the scales at $7.5 million. MAG-AR I Colonel Glenn LLC, led by Mark McLarty, purchased the 17,690-SF North Point Nissan facility at 1 Col. Glenn Plaza Drive....
View ArticleStephen Parks' Failed Attempt to Become a Coal King
2013 was supposed to be a banner year for Little Rock businessman Stephen K. Parks’ coal businesses, but things were falling apart even before the year arrived. In October 2012, federal agents raided...
View ArticleConvention Center Woes Still Splitting Texarkana
Before dueling convention centers became a thing in Jonesboro, they were a thing in Texarkana. And it’s not turning out well in Texarkana. Perhaps you remember our reporting in 2012 on plans by...
View ArticleWhisenhunt's $19M Cash Bet In Northwest Arkansas Pays Off
In March 2012, Joe Whisenhunt placed a $19 million bet on northwest Arkansas and, four years later, it’s looking like a winner. Whisenhunt, the head of Little Rock’s Whisenhunt Investment Group, paid...
View ArticleSimmons First Moves to State Charter
Simmons First National Corp. of Pine Bluff announced Thursday that, effective Friday, its bank subsidiary will convert from a national banking association to a state-chartered bank. The publicly traded...
View ArticlePhil Herrington Files for Bankruptcy After $3M Judgment
The financial woes of dapper Little Rock businessman Phil Herrington have prompted a trip to bankruptcy court. Herrington’s Chapter 11 filing comes less than three months after a $3.1 million personal...
View ArticleArkansas Revenue Nearly $73M Ahead of Forecast for Year
LITTLE ROCK - Arkansas finance officials say a boost in tax collections and lower than expected refunds last month pushed the state's revenue for the year so far nearly $73 million higher than...
View ArticleDoctor Behind Arkansas Convention Center Files Chapter 11
Hiren Patel, the Texas doctor who developed the Arkansas Convention Center in Texarkana, Arkansas, filed Chapter 11 bankruptcy on Friday, adding to a string of financial setbacks for Patel and the...
View ArticleHow Stricter Rules for Brokers Will Affect Retirement Savers
WASHINGTON — High fees. Conflicts of interest. Inappropriate investments. The Obama administration is going after a host of perceived rip-offs with the new rules it's unveiling Wednesday for brokers...
View ArticleFed Minutes Show Officials Grappled with Global Weakness
WASHINGTON — Federal Reserve policymakers grappled at their last meeting over how to respond to a slowing global economy. They ultimately decided to leave a key policy rate unchanged despite arguments...
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