Arkansas Business

Bank of the Ozarks Arena in Hot Springs.
wikipedia.org

Little Rock-based Bank of the Ozarks – fresh off last month’s $800 million acquisition of Atlanta’s Community & Southern Holdings – will acquire St. Petersburg, Fla.-based C1 Financial, Inc. in an all-stock transaction valued at $402.5 million.

healthcare accelerator warwick sabin troy wells asa hutchinson
KATV, Channel 7 News

A joint effort by Baptist Health and the Arkansas Regional Innovation Hub has been formed to accelerate the development of up to 10 health care-related startup companies.

Arkansas’s unemployment rate  dropped to 5.2 percent in September according to the state's Department of Workforce Services. 

There were 2,500 fewer unemployed Arkansans in September. 1,400 workers left the job market and 1,100 new workers found employment. 

"The size of the civilian labor force declined slightly, as the decrease in the number of unemployed more than offset the gain in employment," Susan Price from the department explained in a statement. 

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.

A view of the Jefferson County Courthouse in Pine Bluff from inside the historic, but crumbling Hotel Pines.
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.

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