Arkansas Business http://ualrpublicradio.org en Shoe Company Laying Off 56 In Hot Springs http://ualrpublicradio.org/post/shoe-company-laying-56-hot-springs <p style="margin-bottom: 0in">A shoe company says more than half its workforce at a Hot Springs manufacturing facility will be laid off, leaving 56 people out of work.</p><p style="margin-bottom: 0in"><span style="line-height: 1.5;">Munro &amp; Co. says the first round of layoffs will happen in June with a second round occurring in July. The company produces the Munro American line of women's footwear and also imports shoes.</span></p><p style="margin-bottom: 0in"><span style="line-height: 1.5;">Last year, Munro &amp; Co. closed its Mount Ida facility, putting 85 people out of work.</span></p> Fri, 18 Apr 2014 14:02:51 +0000 Associated Press 21971 at http://ualrpublicradio.org Historic Building In Downtown Little Rock To Become Hotel http://ualrpublicradio.org/post/historic-building-downtown-little-rock-become-hotel <p>The Chi family of Little Rock is announcing it will turn the century-old Boyle Building at the corner of Main Street and Capitol Avenue into an Aloft Hotel.</p><p>The family already owns two hotels and several restaurants in Little Rock.</p><p>David Robinson, one of the partners for Main Street Lofts who until recently was the owner of Boyle Building, said the Chi Hotel Group purchased the building for $4.6 million.</p> Tue, 15 Apr 2014 18:34:51 +0000 Kezia Nanda 21844 at http://ualrpublicradio.org Historic Building In Downtown Little Rock To Become Hotel Ethics Complaint Dismissed Against Arkansas Securities Commissioner http://ualrpublicradio.org/post/ethics-complaint-dismissed-against-arkansas-securities-commissioner <p></p><p></p><p>Arkansas Securities Commissioner Heath Abshure has been cleared of any ethical violations after a complaint was filed by Little Rock-based investment firm Stephens Incorporated.</p><p>But now the company’s top lawyer says there ought to be a law against what the commissioner did.</p><p>Arkansas Business Editor Gwen Moritz has been following the ongoing allegations being fired back and forth between the Abshure and Stephens.</p> Wed, 26 Mar 2014 22:33:52 +0000 Michael Hibblen 20910 at http://ualrpublicradio.org Ethics Complaint Dismissed Against Arkansas Securities Commissioner Power Transmission Operator Breaks Ground For Little Rock Facility http://ualrpublicradio.org/post/power-transmission-operator-breaks-ground-little-rock-facility <p></p><p></p><p>A company that will manage operations of Entergy Arkansas’s power grid, broke ground on a new facility in Little Rock Friday. The Midcontinent Independent System Operator or MISO, is establishing a regional headquarters that it says will employ 50 people at average salaries of 85,000 dollars a year.</p><p>Local elected officials and company representatives gathered in the middle of a dusty construction site in West Little Rock to move dirt with golden shovels and give a ceremonial blessing to the arrival MISO’s new facility in Arkansas</p> Fri, 14 Mar 2014 20:16:16 +0000 Chris Hickey 20296 at http://ualrpublicradio.org Power Transmission Operator Breaks Ground For Little Rock Facility Third And Likely Final Round Of Layoffs Begins At Acxiom http://ualrpublicradio.org/post/third-and-likely-final-round-layoffs-begins-acxiom <p></p><p>A third, and likely final, wave of layoffs at Little Rock-based Acxiom Corp. began on Wednesday as the database marketer continued its push to realign its workforce to meet changing industry demands.</p><p>Acxiom indicated in November 2013 it would cut its overall labor force by March in an effort to save $20-$30 million annually.</p> Wed, 26 Feb 2014 20:31:10 +0000 Roby Brock 19559 at http://ualrpublicradio.org Third And Likely Final Round Of Layoffs Begins At Acxiom Valentine's Day Helps Restaurants During A Slow Period http://ualrpublicradio.org/post/valentines-day-helps-restaurants-during-slow-period <p>Restaurants, along with jewelers, candy companies and florists all look forward to Valentine’s Day.</p><p>One restaurateur says it and New Year’s Eve are typically the busiest days of the year.</p><p>“Valentine’s is a very important holiday for us, and I’m sure it is for a lot of other places in the restaurant business, especially fine dining places. This is the time of year when it slows down and it’s slower through March. &nbsp;Our sales are down and this gives us a boost to get us over the hump,” said Brent Peterson, co-owner of Trio’s Restaurant in Little Rock.</p> Thu, 13 Feb 2014 20:42:12 +0000 Kezia Nanda 18965 at http://ualrpublicradio.org Valentine's Day Helps Restaurants During A Slow Period New Report Shows Home Sales Are Up In Arkansas http://ualrpublicradio.org/post/new-report-shows-home-sales-are-arkansas <p style="margin-bottom: 0in"><span style="font-size: large; font-family: Calibri, sans-serif; line-height: 1.5;">The number of homes sold in Arkansas is up. A report out </span>Wednesday<span style="font-size: large; font-family: Calibri, sans-serif; line-height: 1.5;">&nbsp;from the Arkansas Realtors Association says home sales are up by 17%, as compared with the same time last year.</span></p> Wed, 29 Jan 2014 22:09:26 +0000 Maggie Carroll 18198 at http://ualrpublicradio.org FBI Agents Search North Little Rock Photo Archive Company http://ualrpublicradio.org/post/fbi-agents-search-north-little-rock-photo-archive-company <p>It’s not immediately clear why, but federal agents Tuesday executed search warrants at a North Little Rock company that has become well known for licensing and digitizing the photo collections of notable newspapers around the country. They were also at the expansive home of John Rogers, owner of Rogers Photo Archive.</p><p>Reporters were kept across from the locations, as boxes were removed and loaded into vehicles.</p> Tue, 28 Jan 2014 22:05:35 +0000 Michael Hibblen 18145 at http://ualrpublicradio.org FBI Agents Search North Little Rock Photo Archive Company Tyson Foods Acquires Michigan Company, Bosco's Pizza http://ualrpublicradio.org/post/tyson-foods-acquires-michigan-company-boscos-pizza <div>Tyson Foods, one of the world's &nbsp;<span style="line-height: 1.5;">largest meat-processing companies, says it's acquired the </span><span style="line-height: 1.5;">assets of </span>Bosco's<span style="line-height: 1.5;"> Pizza of Warren, </span>Michigan<span style="line-height: 1.5;">. &nbsp;</span></div><div>&nbsp;</div><div>Bosco's produces a variety of stuffed bread sticks and &nbsp;f<span style="line-height: 1.5;">rozen pizzas for food service and retail customers </span><span style="line-height: 1.5;">throughout the Midwest and at some national retailers. Mon, 20 Jan 2014 22:12:46 +0000 The Associated Press 17742 at http://ualrpublicradio.org Legislature Will Meet To Discuss 2015 Budget http://ualrpublicradio.org/post/legislature-will-meet-discuss-2015-budget <p>The finance department projects a 2% increase of about $95 million &nbsp;in general revenue, available for state agencies to spend in the upcoming fiscal year. The Legislative Council and Joint Budget Committee begin meetings Tuesday to discuss the current 2014 fiscal session and the 2015 budget which goes into affect July 1<sup>st</sup>.</p><p>Representative Duncan Baird, Joint Budget Committee Co-Chairman, says the Department of Human Services will join them Thursday to discuss Medicaid and the private option.</p> Mon, 13 Jan 2014 21:00:54 +0000 Maggie Carroll 17413 at http://ualrpublicradio.org