Arkansas will lose one of its iconic bank names after a bankruptcy auction concluded on Monday. Pine Bluff-based Simmons First National Corp. has won the bidding war for Little Rock-based Metropolitan National Bank, according to Talk Business Arkansas sources and confirmed by Simmons First.
The Arkansas Public Service Commission is allowing further information to be presented by both sides of a dispute, concerning a transmission line in the northern part of the state.
Southwestern Electric Power Company has construction plans for a 60 mile line in Benton and Carroll Counties. Doug Stowe, a Save the Ozarks board member, says the utility companies saw the previous hearing as a meeting to determine which route would be used. He says the opposition saw things differently.
Efforts to stimulate economic investment in rural communities across Arkansas are outlined in a new report by the University of Arkansas Division of Agriculture.
Dr. Wayne Miller, an extension economist, says the Rural Profile of Arkansas 2013 report shows how many manufacturing jobs in small towns have been shipped overseas to South America and Asia in recent years.
Remington Arms Company is breaking ground on a $32 million expansion of its ammunition plant in Arkansas.
Gov. Mike Beebe, U.S. Sen. Mark Pryor and other officials were expected to be on hand Thursday for the expansion of the ammunition plant in Lonoke. Remington announced in May it would expand the facility, which was established in 1969.
The South is starting to use more solar energy to power businesses and households. Texas led a 2012 spike in purchases of solar energy by ordering over 12 percent of the country's solar wattage, something until recently, almost exclusively done by the east and west coasts.
Federal agriculture officials have told members of Arkansas' congressional delegation that China has stopped imports of the state's poultry products.
Sen. Mark Pryor decried Tuesday's decision, saying an "isolated incident" led to the ban. Pryor didn't say what the incident was, but birds on a Scott County farm tested positive for a low-pathogenic strain of avian flu in June.
Pryor said Arkansas poultry products are "safe, healthy and nutritious" and that his family would continue to eat them.