Arkansas Business

Local & Regional News
2:36 pm
Mon December 16, 2013

Survey Of Arkansas Business Leaders Shows Slight Optimism For 2014

Mike Stafford of CEG Partners discusses the business survey.
Credit Talk Business Arkansas

Talk Business Arkansas — in conjunction with the State Chamber of Commerce and consulting group CEG Partners — released its first “Business Leaders Confidence Survey,” which found that company leaders across Arkansas see sizable revenue growth in 2014 but it may not correlate to hiring or capital investments.

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Local & Regional News
8:38 am
Mon December 16, 2013

Arkansas Banker, Businessman Denies Wrongdoing

The president and CEO of HomeBank of Arkansas who also owns Mountain Pure Water denies allegations in a federal indictment that he fraudulently received a federal loan following a May 2008 tornado.

John Stacks of Damascus said in a statement to the Log Cabin Democrat that the Dec. 4 indictment charging him with wire fraud, money laundering, submitting a false claim and making a false statement is without merit.

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Local & Regional News
5:57 am
Wed December 11, 2013

Arkansas Labor Unions Urge Policy Changes

Labor unions and their supporters are encouraging Arkansas legislators and federal lawmakers to close policy loopholes they say favor corporate interests over small businesses and workers’ rights.

A report released by the Economic Policy Institute and the American Federation of State, County, and Municipal Employees, or AFSCME, shows changes in the tax code could result in a fairer system that strengthens economic growth.

Jim Nickels represents an AFSCME Council in Arkansas.

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Local & Regional News
5:36 pm
Wed December 4, 2013

Owner of Arkansas Water Bottling Company Indicted

John Stacks, owner of Pure Mountain Water LLC.
Credit Arkansas Business

A Federal Grand Jury has indicted the owner of a Little Rock-based bottled water company on eleven counts, including wire fraud, money laundering and making a false statement. U.S. District Attorney for the Eastern District of Arkansas Christopher Thyer made the announcement.

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Local & Regional News
6:20 pm
Mon December 2, 2013

North Little Rock 'Innovation Hub' Gets $250K Grant

A new facility in North Little Rock whose goal is to provide technological and educational resources for entrepreneurs in Central Arkansas has been awarded a grant by the Delta Regional Authority.

The grant of 251,105 dollars will go towards developing facilities and help the Arkansas Regional Innovation hub become fully operational by next year, says Warwick Sabin, the executive director. He says the hub will include spaces for people to work on their business ideas as well as classrooms where people can learn things like computer programming

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Local & Regional News
9:29 am
Mon November 25, 2013

Wal-Mart Stores CEO Steps Down; McMillon Named Successor

Wal-Mart Stores CEO and President Mike Duke is stepping down from those posts. The world's biggest retailer named Doug McMillon as his successor.

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Local & Regional News
9:10 pm
Sun November 24, 2013

Fairness Hearing Set On Pilot Flying J Settlement

Parties in a $70 million truck-stop rebate scandal linked to a company owned by the governor of Tennessee and his brother, who owns the Cleveland Browns, are to gather in court Monday for a federal court hearing that could end in approval of a settlement.

About 50 customers of Nashville-based Pilot Flying J opted out of the proposed settlement and have filed their own lawsuits. But the bulk of the 6,000 companies due rebates, plus interest, under the proposal have signed on to the deal.

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Local & Regional News
11:38 am
Thu November 21, 2013

Furniture Maker To Open Factory In Morrilton Creating 75 Jobs

75 jobs are being created with the opening of a furniture manufacturing plant in Morrilton.  Governor Mike Beebe took part in the announcement Thursday morning.

Vinh Long, which is based in Vietnam, says it will invest five million dollars to renovate an existing facility that had housed a Bosch factory.  The company supplies furniture and kitchen cabinets to Ikea and other retailers.

Hiring will begin in the spring, with the plant opening next the summer.

Company officials said Arkansas is a good location because it has a sustainable supply of raw materials.

Local & Regional News
2:00 pm
Wed November 20, 2013

Fort Smith Approves Bonds For Gerber Expansion, Creates Jobs

Fort Smith has approved the issuance of up to $150 million in industrial development revenue bonds for an expansion at Gerber Products Co.'s plant in the city.

Deputy City Administrator Jeff Dingman says the expansion will lead to 90 new jobs and increased production at the plant, which makes cereal.

Gerber will be responsible for making payments on the bonds - not the city.

Dingman says industrial revenue bonds will lead to lower property taxes for the project. The Fort Smith Board of Directors approved the bond ordinance on a 5-0 vote Tuesday.

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Local & Regional News
4:26 pm
Tue November 19, 2013

Passenger Satisfaction Study For Clinton National Airport Positive

Over 80% of recently surveyed customers said they were satisfied with their travel experience at Little Rock’s Bill and Hillary Clinton National Airport. 

The survey was released Tuesday and comes after receiving the title of “worst airport” in the country last month by Travel + Leisure  magazine.

Little Rock now ranks in the middle among about 100 airports across the U.S., says airport spokesman Shane Carter. 

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