Arkansas Business News

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OIL AND GAS REPORT

Subscriber onlyThe Arkansas Oil and Gas Commission last week issued 3 drilling permits, 0 well completions and 13 well recompletions. Continue reading...

PATENTS AWARDED

Subscriber onlyU.S. patents issued to Arkansans May 17 Continue reading...

Bank of the Ozarks stock bought by fund

Subscriber onlyGiverny Capital of Montreal acquired more than 143,700 shares of Bank of the Ozarks stock in the first quarter, the money management fund reported in a filing with the U.S. Securities and Exchange Commission. Continue reading...

State index up 3.99; 6 stocks ebb in week

Subscriber onlyThe Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, rose 3.99 to 312.54 Friday. Continue reading...

State's 3.9% jobless rate sets modern-era record

Subscriber onlyArkansas' unemployment rate fell to 3.9 percent in April, dropping below 4 percent for the first time since reports were issued, the U.S. Bureau of Labor Statistics said Friday. Continue reading...

USA Truck financial officer resigns; shares fall

Subscriber onlyUSA Truck will undergo another change to its executive staff after Michael Borrows resigned as chief financial officer. Continue reading...

Apartment complex in Little Rock sold for $6.3M

Subscriber onlyAndMark Colony West Apartments LLC has purchased the Colony West Apartments, 1420 Breckenridge Drive in Little Rock, for $6.3 million. Continue reading...

Arkansas unemployment falls to record-low 3.9 percent, agency says

Arkansas' unemployment rate fell to 3.9 percent in April, the lowest it's been for as far back as records go, the Arkansas Department of Workforce Services said Friday. Continue reading...

Wal-Mart profit down, U.S. sales up

Subscriber onlyWal-Mart Stores Inc. reported a net-income decline of 7.8 percent during the first quarter of its fiscal year, but earnings and revenue figures beat investor expectations and boosted the company's stock during a challenging period for retailers. Continue reading...

State's rice planters beat clock

96% of crop in ground after wet weather in ’15 cut into yield

Subscriber onlyArkansas farmers are ahead of their rice-planting schedule -- a year after wet weather meant low rice yields. Continue reading...

Simmons CEO sees purchase as a start

Subscriber onlyWith its agreement to buy an east Tennessee bank, Simmons First National Corp. now has a base to build business in two nearby metropolitan areas -- Chattanooga and Knoxville -- George Makris, Simmons' chairman and chief executive officer, said Thursday. Continue reading...

Truckers urged to join human-trafficking fight

Subscriber onlyLast month two Arkansas teens were rescued from an purported human trafficker in Maryland. Police responded to a domestic-violence call someone phoned in after seeing a woman dragged out of a vehicle. Continue reading...

Kansas contractor loses high court case on taxes

Subscriber onlyWater is water and not manufacturing, according to the Arkansas Supreme Court, ruling against the Kansas contractor seeking to avoid nearly $100,000 in sales tax on equipment purchased to help expand an Arkansas water-treatment facility. Continue reading...

NEWS IN BRIEF

Subscriber onlyWal-Mart's grocery pickup adds 9 sites Continue reading...

Wal-Mart sees sales growth in 1Q, tops Wall Street's view

BENTONVILLE — Surprisingly strong sales at Wal-Mart and an optimistic outlook from the world's largest retailer lifted a pall that settled over the entire sector this week. Continue reading...