Author: The City Wire Staff

The City Wire Staff

Arkansas Home Sales, Values See Healthy Gains In September

Home sales in Arkansas’ four largest markets rebounded in September, with year-to-date sales up almost 4% and the value of homes sold up almost 2%. September sales in the four…

ArcBest Records Rising Q3 Net Income

Third quarter net income for Fort Smith-based ArcBest was $19.618 million, well ahead of the $13.982 million in the same quarter of 2013, and thanks in large part to an…

USA Truck Posts Another Healthy Quarter

With a better than expected third quarter net income of $2.717 million, Van Buren-based USA Truck is on track in 2014 to end five consecutive years of losses. The third…

Sam’s Club, Dillard’s Will Not Open Thanksgiving Day

Unlike parent company Wal-Mart Stores Inc., Bentonville-based Sam’s Club said it has no plans to open for business on Thanksgiving Day. Its top competitor Costco also opted to remain closed…

Double-digit Traffic Gains Posted At XNA, Fort Smith Regional Airport

Editor’s note: This story is a component of The Compass Report. The quarterly Compass Report is managed by The City Wire, and sponsored by Arvest Bank. Supporting sponsors of The…

ArcBest Expands Corporate HQ Footprint, Names New ABF Freight Boss

Fort Smith-based ArcBest Corp. (formerly Arkansas Best Corp.) is buying an additional 30 acres for its corporate headquarter expansion at Chaffee Crossing. The transportation holding company also announced Thursday that…

Obama, Billionaires Targets At Pryor-Cotton Debate In Fayetteville

U.S. Sen. Mark Pryor and U.S. Rep. Tom Cotton, who squared off in their only one-on-one U.S. Senate race Tuesday night, stayed to familiar themes of tying each other to unpopular political allies.

Car-Mart Amends Its Corporate Credit Line

America’s Car-Mart amended its credit agreement with lenders, securing a $200 million credit line made public in a federal filing Friday (Oct. 10). The prior credit limit was $145 million….

All 8 Metro Labor Markets See Jobless Rate Declines

All of the eight metro areas in or connected to Arkansas had jobless rate decreases in August compared to July, and jobless rate declines compared to August 2013. But in a ongoing trend, regional labor forces continue to contract.

Judge Denies Wal-Mart’s Dismissal Bid Over FCPA Disclosures

Retail giant Wal-Mart will face claims that it defrauded shareholders by concealing corruption linked to the ongoing bribery allegations and violations of the Foreign Corrupt Practice Act in its Mexican…

Airport Traffic Gains Continue At XNA, Fort Smith; Down In Little Rock

Editor’s note: This story is a component of The Compass Report. The quarterly Compass Report is managed by The City Wire, and sponsored by Arvest Bank. Supporting sponsors of The…

U.S. Marshals Museum Receives $5 million Anonymous Gift

Just days before a scheduled groundbreaking on the riverfront near downtown Fort Smith, the U.S. Marshals Museum announced Thursday (Sept. 18) a pledge of $5 million from an anonymous donor….

Simmons Foods Announces $315 Million Tender Offer

Simmons Foods announced a cash tender offer to purchase any and all of its outstanding $315 million senior bonds carrying a 10.50% coupon rate and due in 2017. Simmons Foods,…

The Compass Report: Arkansas Metro Areas See Q2 Gains, Stability

Arkansas’ three largest metro areas showed either improvements or stability during the second quarter of 2014 compared to the same period in 2013, according to The Compass Report’s analysis of second quarter data.

NanoMech Raises $12 million In Capital Funding

NanoMech announced Wednesday it has secured an additional $12 million in capital for its Series B Financing round to continue growth as a global nanoscale manufacturer. The latest round of…

Five Startups Prep For ARK Challenge Demo Day

There are five entrepreneurial teams putting the final touches on their startup ventures as they wrap up the first five weeks of the “Summer 2014 ARK Challenge.” The teams are…