Arkansas Business News

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BUSINESS PEOPLE: The latest promotions, hires at Arkansas companies

Subscriber onlySusan Sanders was hired as vice president of financial services for CJRW's Little Rock office. Continue reading...

Car-Mart surges on 1Q profit

Shares gain $4.35 after much-improved earnings reported

Subscriber onlyAmerica's Car-Mart, Inc. reported net income of $7.1 million along with improved revenue, citing better inventory management and improved management at its car lots. Continue reading...

State's jobless rate still at 3.9%

Economists cite steady recovery

Subscriber onlyArkansas' unemployment rate remain unchanged in July at 3.9 percent compared with June, the U.S. Bureau of Labor Statistics said Friday. Continue reading...

Input sought on program for truck drivers under 21

Subscriber onlyThe Federal Motor Carrier Safety Administration announced Friday that it is looking into a pilot program that would allow some commercial drivers under the age of 21 to cross state lines. Continue reading...

News in brief

Subscriber onlyNWA Council's chief Continue reading...

Wal-Mart lifts year's outlook; 2nd-quarter gains attributed to spiffier stores, online push

Subscriber onlyWal-Mart Stores Inc. lifted its earnings outlook for the year and reported better-than-expected profit and sales for the second quarter of fiscal 2017, showing signs its strategy to spend big to improve store and online shopping is paying off. Continue reading...

State says halt securities sales for wind farm

Order says investors misled

Subscriber onlyThe Arkansas Securities Department has issued a cease-and-desist order against a Texas company and its CEO over what the state called the illegal sale of securities involving a proposed wind farm in Northwest Arkansas. Continue reading...

News in brief

Subscriber onlyFood-plant addition set in Fayetteville Continue reading...

Wal-Mart tops Street 2Q forecasts

BENTONVILLE — Wal-Mart Stores Inc. on Thursday reported fiscal second-quarter net income of $3.77 billion. Continue reading...

Water protection in plan for oil-pipeline across Arkansas; in $6M deal, utility drops objections

Subscriber onlyDiamond Pipeline LLC, which plans to build a crude-oil pipeline across Arkansas, finalized a multimillion-dollar deal Wednesday with Clarksville Light and Water Co. to take steps to protect drinking-water sources from potential spills. Continue reading...

Rain hurting rice, corn crops in state

Subscriber onlyHeavy rains over the past five days have damaged rice and corn crops across the state, but cotton and soybeans are holding up, farmers and cooperative extension officials said Wednesday. Continue reading...

Business news in brief

Subscriber onlyUSDA funds farmer recruiting in state BRINKLEY -- The U.S. Department of Agriculture has awarded nearly a half-million dollars to an east Arkansas project aimed at supporting new farmers and ranchers. Continue reading...

News in brief

Subscriber onlyRail car firm to open plant in Paragould American Railcar Industries said Wednesday that it plans to open a new manufacturing facility in Paragould. Continue reading...

Downtown Little Rock hotel sold for $2.85M; buyers to renovate, rename

Subscriber onlyThe 102-year-old Legacy Hotel in Little Rock has been sold for $2.85 million to a local group of investors who will operate under the label of Choice Hotel International's Ascend Collections. Continue reading...

Wal-Mart donating to flooded Louisiana

Subscriber onlyWal-Mart Stores Inc. and the Wal-Mart Foundation are contributing cash and in-kind donations of $500,000 to flood relief efforts in Louisiana. Continue reading...