Home Heartache For Local Family

NORTHWEST ARKANSAS — Miguel Hernandez felt sick to his stomach to find the front door of his Springdale home wide open at 2:30 on a December afternoon. As he pulled his Chevrolet van into the front drive he saw three people through a large picture window rummaging through his family’s personal belongings inside the home. Read More »

By Kim Souza posted at 6:13 a.m.

January Jobless Rate Jumps

The local unemployment rate rose to 6.8 percent in January, up from 5.8 percent a year ago, as some businesses scaled down payrolls and others closed their doors, according to the Bureau of Labor Statistics. Read More »

By Kim Souza posted March 20, 2010 at 6:05 a.m.

Lindsey Bankruptcy Likely To Hurt Real Estate Market

FAYETTEVILLE — The bankruptcy of John David Lindsey will probably lower real estate prices, economists said, as 13 local banks prepare to sort out more than $120 million owed by the investor and his partners. Read More »

By Kim Souza posted March 20, 2010 at 5:57 a.m.

Receiver Requested For Sunbridge Villas

FAYETTEVILLE — First State Bank would like to see Whitley Dunn and Management Realty named receiver over Sunbridge Villas residential development in Fayetteville. Read More »

By Kim Souza posted March 19, 2010 at 5:37 a.m.

Tyson Foods Presses On, While Competitor Files Bankruptcy

Back-to-Basics Approach Rewards Poultry Company

Tyson Foods Inc. summoned Leland Tollett from retirement in January 2009 to lead the company out of its worst poultry operating deficits in decades — $286 million lost in the last quarter of 2008. Read More »

By Kim Souza posted March 14, 2010 at 6 a.m.

Tyson Credit Rating Improves

Restored profits and lower debt levels helped Tyson Foods raise its corporate credit outlook rating by both Standard and Poors and Fitch Ratings. Read More »

By Kim Souza posted March 14, 2010 at midnight

Farmers Weather Cold, Recession In 2009

Poultry Farms Hit Extra Hard As Production Cut

The lingering recession hit local poultry farms extra hard in 2009 as processing plants slashed production to combat slumping consumer demand. Read More »

By Kim Souza posted March 13, 2010 at 10:49 p.m.

Area Banks Strive To Survive National Crisis

Community banks are the financial backbone of areas like Northwest Arkansas and largely responsible for financing the region’s rapid growth from 2000 to 2006. Read More »

By Kim Souza posted March 13, 2010 at 10:39 p.m.

Foreclosure Filings Remain High In Area

ONE OF EVERY 254 HOUSEHOLDS IN COUNTY BEHIND ON PAYMENTS

NORTHWEST ARKANSAS — Benton and Washington counties comprised 36 percent of the state’s foreclosure filing activity in February, with 727 local households facing serious mortgage delinquency, according to RealtyTrac. Read More »

By Kim Souza posted March 11, 2010 at 5:30 a.m.

Hendren’s Franchise Option Reinstated

CHEVROLET MAY RETURN

NORTHWEST ARKANSAS — The Chevrolet sign at Hendren All American Autoplex in Pineville, Mo., will stay after all. Read More »

By Kim Souza posted March 9, 2010 at 4:31 a.m.