Arkansas Business

Windstream Corp. announced Monday it has entered into a definitive agreement with TierPoint of St. Louis to sell the Little Rock telecom’s data center business in an all cash deal worth $575 million.

Former Arkansas Gov. Winthrop Rockefeller (R) joins William Dillard II, Dr. George Mitchell and Patricia Upton to be inducted into the 2016 class of the Arkansas Business Hall of Fame. The four join 70 men and women in the Hall of Fame, with the induction ceremony set for Feb. 12, 2016.

The Sam M. Walton College of Business at the University of Arkansas and the Arkansas Business Hall of Fame Board announced on Wednesday (Oct. 14) the inductees.

news.walmart.com

Walmart Stores, Inc. has laid off 450 workers at its headquarters as the world's largest retailer attempts to become more nimble to compete with the likes of Amazon.com.

There are more than 18,000 people who work at the headquarters Bentonville, Arkansas. The cuts were across all areas, from finance to global e-commerce. The company says that the employees were spoken to individually early on Friday.

The announcement follows months of rumors about headquarters cuts and arrived a month and a half after Walmart trimmed its annual earnings outlook as profits fell.

Rep. Steve Womack, R-Arkansas (far right), at a Labor, Health and Human Services Subcommittee hearing on February 25, 2015. (U.S. House)
arkansasbusiness.com

The US Department of Labor is pushing forward a proposed rule to standardize fiduciary responsibility among those who give retirement and financial advice and Arkansas’s congressional delegation is providing resistance.

Gwen Mortiz with Arkansas Business reports in this week’s edition that advisors aren’t always required by law to act in a client’s best interest.

Gov. Radio Address: Career Centers

Sep 19, 2015
Asa Hutchinson unveiling his thoughts on Medicaid expansion in early 2015.
Arkansas Times

The following is a transcript of Gov. Asa Hutchinson's radio address for the weekend of Sept. 18, 2015:

This year, we worked hard to fund four new Career Centers in Ashdown, Clarksville, Mountain Home and Paris, Arkansas. This gives us more than 32 Career Centers in Arkansas. These are vital programs and an important part of our workforce training.

Why? It’s simple. They help our graduates land good jobs.

In turn, a better-educated workforce attracts more businesses and industries. That’s a cycle we want to see repeated again and again.

Jefferson County Courthouse Pine Bluff
Michael Hibblen / KUAR News

As officials try to turn Little Rock’s Main Street into a vibrant Creative Corridor other central Arkansas towns are sorting through their own urban plans. Both Hot Springs and Pine Bluff have recently sought solutions to clear debris from collapsed structures with cash strapped owners. 

Mark Friedman has been reporting on the issue with Arkansas Business.

David Monteith / KUAR

Revitalizing the downtown Main Street area by making it a hub for arts organizations is a project first conceived by Mayor Mark Stodola in 2007. Eight years in the making, he looks forward to announcing the completion of the first phase.

Protesters in the Street
Chris Hickey / KUAR News

A group of local fast food workers and community activists calling for a minimum pay of $15 an hour is planning a march on Little Rock City Hall Thursday. The group “Show Me 15,” which originated in St. Louis, is planning the latest rally. It follows other rallies at Central Arkansas fast food restaurants over the past year.

 

Delona Hairrs of St. Louis is a member of the group and spoke with KUAR in June. She said “Show Me 15” and local organizers hope to influence Arkansas municipalities to pass ordinances that can raise pay.

 

  A groundbreaking ceremony has been held for the expansion of Aerojet Rocketdyne's plant in Camden in south Arkansas.

The California-based company was joined by Gov. Asa Hutchinson and state and local officials for Thursday's ceremony.

The project includes new buildings and renovations on the 1,200-acre site and 85 new jobs. The cost of the project was not released, however it is supported with incentives that include funding, tax exemptions, real estate tax grants and reimbursement for training.

The plant produces solid rocket motors used in the defense industry.

The Little Rock Technology Park Authority on Wednesday unanimously approved a measure giving Executive Director Brent Birch the power to negotiate a deal to hire East Harding Inc. as the construction manager for the first phase of the $30 million downtown tech park development.

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