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.
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
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.
Acxiom indicated in November 2013 it would cut its overall labor force by March in an effort to save $20-$30 million annually.
Acxiom has been investing in new products and services geared towards more sophisticated consumer data collection and target marketing via the Internet as some of its traditional, core business silos have seen declines in revenue and profitability.
Restaurants, along with jewelers, candy companies and florists all look forward to Valentine’s Day.
One restaurateur says it and New Year’s Eve are typically the busiest days of the year.
“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. 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.
The number of homes sold in Arkansas is up. A report out Wednesday from the Arkansas Realtors Association says home sales are up by 17%, as compared with the same time last year.
Carolyn Cobb, Executive Broker with Coldwell Banker says People are able to sell homes for a bit of a profit and interest rates are down. But she doesn’t foresee too much changing over the next few months.
Cobb says last year’s average price for a home was just over $150,000.
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.
Reporters were kept across from the locations, as boxes were removed and loaded into vehicles.
Tyson Foods, one of the world's largest meat-processing companies, says it's acquired the assets of Bosco's Pizza of Warren, Michigan. Bosco's produces a variety of stuffed bread sticks and frozen pizzas for food service and retail customers throughout the Midwest and at some national retailers. Tyson officials say the acquisition is part of the Springdale company's plan to grow its domestic prepared foods business. Bosco's employs about 150 people, all of whom are expected to work for Tyson.
The finance department projects a 2% increase of about $95 million 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 1st.
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.