Arkansas Business

Local & Regional News
2:31 pm
Wed February 26, 2014

Third And Likely Final Round Of Layoffs Begins At Acxiom

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.

Read more
Local & Regional News
2:42 pm
Thu February 13, 2014

Valentine's Day Helps Restaurants During A Slow Period

Credit flickr.com

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.

Read more
Local & Regional News
4:09 pm
Wed January 29, 2014

New Report Shows Home Sales Are Up In Arkansas

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.

Local & Regional News
4:05 pm
Tue January 28, 2014

FBI Agents Search North Little Rock Photo Archive Company

FBI agents conduct an investigation Tuesday at the John Rogers Archive in North Little Rock. The FBI also visited Rogers' home in North Little Rock.
Credit Mark Friedman / Arkansas Business

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.

Read more
Local & Regional News
4:12 pm
Mon January 20, 2014

Tyson Foods Acquires Michigan Company, Bosco's Pizza

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.

Local & Regional News
3:00 pm
Mon January 13, 2014

Legislature Will Meet To Discuss 2015 Budget

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.

Read more
Local & Regional News
3:46 pm
Fri January 3, 2014

Arkansas AG Approves Minimum Wage Ballot Proposal

The Arkansas attorney general's office has approved the wording of a ballot proposal that would raise the state's minimum wage to $8.50 per hour by 2017.

The proposal by the group Give Arkansas a Raise Now got the nod Friday and can begin gathering voter signatures. Organizers want to get the measure on the November ballot.

The initiated act would raise the current minimum wage of $6.25 per hour to $7.50 per hour on Jan. 1, 2015.

One year later, it would go up 50 cents to $8 per hour and would top out on Jan. 1, 2017, at $8.50 per hour.

Local & Regional News
11:37 am
Thu January 2, 2014

Arkansas Voters May Decide Minimum Wage Increase

Organizers of an effort to raise the minimum wage in Arkansas are awaiting Attorney General Dustin McDaniel’s decision on their proposed ballot measure.

The group, Give Arkansas A Raise Now, wants to increase the state’s minimum wage from $6.25 an hour to $8.50 an hour over a three-year-period. Stephen Copley oversees the campaigns efforts. He says growing economic inequality is a serious issue.

Read more
Local & Regional News
8:46 am
Thu December 26, 2013

80 Million Tax Dollars Collected For Infrastructure Projects

The money collected from the operating and capital sales taxes that voters approved two years ago have generated millions of dollars in funds.

Over 80 million dollars has been collected and the citizens committee overseeing the spending assures it is being used appropriately. 

The Arkansas Democrat Gazette reports that over half of the money went to the city's general fund for projects including a new fire station and new police station. 

The remaining funds are being used for nearly 40 infrastructure projects and the resurfacing of streets in the capitol city.

Local & Regional News
12:57 pm
Wed December 18, 2013

HP To Hire 200 More Workers For Arkansas Facility

Governor Mike Beebe listens, as Conway Mayor Tab Townsell speaks during Wednesday's announcement.
Credit Chris Hickey / KUAR

Hewlett-Packard says it will be adding around 200 highly skilled jobs to its facility in Conway. Governor Mike Beebe, Conway Mayor Tab Townsell and HP executive John Herzog joined state economic development officials in making the announcement at the state capitol. The 200 highly skilled tech jobs—said to consist of engineers, software developers, data analysts and the like—would be a part of HP’s growing healthcare information business. Beebe said Conway is a perfect fit for these positions because of its young, educated demographic and its centers of higher education.

Read more

Pages