Business

Car-Mart stock rises more than 10% after earnings report; manager recruitment progress noted in call

For the second consecutive quarter in fiscal 2019, America’s Car-Mart stock price jumped more than 10% the day after its earnings report, and as of midday Friday (Nov. 16), shares…

AFMC launches antibiotic, infection prevention collaborative

The Arkansas Foundation for Medical Care (AFMC) has launched a statewide antibiotic stewardship and infection prevention collaborative to address the increasing dangers resulting from multiple drug-resistance organisms. The 12-month grant,…

Sunoco closes $125 million deal for key U.S. crude oil terminals, including NLR facility

Texas oil refiner and gas station operation Sunoco LP on Thursday (Nov. 15) announced a multimillion dollar deal to purchase key U.S. refined products terminals, including a 550 million barrel…

Dillard’s shares plunge 18% as 3Q earnings fall short of Wall Street views

Shares in Dillard’s Inc. fell more than 18% in trading on Thursday (Nov. 15) as the Little Rock upscale retailer’s third quarter results fell well short of Wall Street expectations,…

Car-Mart earnings rise 89%, revenue up 12% in second quarter; 3 dealerships to open

America’s Car-Mart second-quarter profit and revenue rose 89% and 12.1%, respectively, and beat analyst estimates as the company looks to open three dealerships, with two in central Arkansas. After the…

FCRA to assign suggested land prices to remaining property

The Fort Chaffee Redevelopment Authority (FCRA) has set suggested land prices for Chaffee Crossing that will soon be available on the FCRA website for prospective buyers. While the land prices…

Energy test facility at UA celebrates 10 years

The National Center for Reliable Electric Power Transmission (NCREPT) is celebrating 10 years as an energy research center of the University of Arkansas. The 12,000-square-foot center at the Arkansas Research…

Another 3,815 cut from Arkansas Works, failure to report biggest reason for dropouts (UPDATED)

Another 3,815 Arkansans are no longer covered by Arkansas Works because they failed to comply with its requirement that they work or perform other activities for three months this year….

Walmart nails comp sales, raises guidance heading into holiday season

Walmart Inc. reported solid third-quarter earnings on Thursday (Nov. 15) thanks in part to a healthy U.S. economy and the highest consumer sentiment levels in 20 years. For the quarter…

Walmart, Ford and Postmates partner to test autonomous grocery delivery

Walmart continues to look for ways to test the latest technologies that can enhance shopper convenience. The latest example is underway in Miami-Dade County, Fla. Ford, announced Wednesday (Nov. 14)…

J.B. Hunt opens office at Arkansas Research and Technology Park, to hire up to 60 interns

Lowell-based carrier J.B. Hunt Transport Services has opened a 6,100-square-foot internship office at the Arkansas Research and Technology Park in south Fayetteville. The research park is managed by the University…

Arkansas economy expands by 4.4% in second quarter, 10th in the nation

Arkansas’ economic fortunes blossomed in the second quarter as the state’s Gross Domestic Product accelerated to 4.4%, the 10th-highest growth rate in the nation, according to the newly released U.S….

Simmons Bank to be title sponsor for Youth Entrepreneur Showcase

Simmons Bank will be the first-ever title sponsor of the Youth Entrepreneur Showcase (Y.E.S.), a business plan competition for fifth through eighth graders in Arkansas. The entrepreneurial education program has…

Little Rock Tech Park to unveil Phase II blueprints in December

The Little Rock Technology Park Authority will soon unveil Phase II architect renderings on the city’s downtown startup village, a larger but unfinanced five-story planned development next to the current…

Arkansas State University reaches deal with University of Miami

Arkansas State University ended its lawsuit against the University of Miami after a financial agreement was reached in connection to a canceled college football game between the schools slated for…

REVEL restaurant to open in The HUB, employ 15-20

A new dining experience is on its way to Fort Smith. REVEL, an upscale dining venue, is scheduled to open Aug. 1, 2019, in The HUB at Providence in the…

The Supply Side: Walmart automating more jobs, high-tech distribution center on tap

Walmart continues to invest in technology that increases efficiency in the supply chain and lowers costs of the system with fewer employees as machines do more of the work. The…

Real Deals: CrossMar Industrial Park growing with $15.4 million permit

CrossMar Investments, a commercial development group in Bentonville led by Chris Crossland and Phil Martz, recently paid the city of Bentonville for a building permit valued at $15.4 million. The…

Growing IT firm in Bentonville rebrands

After two decades of operating as L.J. Smith & Associates, an IT consulting firm in Bentonville has changed its name. President and CEO Jared Smith says the agency is now…

Gov. Hutchinson outlines $5.75 billion biennial budget, teacher raise and tax cuts chief priorities

Gov. Asa Hutchinson on Wednesday (Nov. 14) laid out his budget priorities for the upcoming 2019 legislative session that includes an average $4,000 annual raise for Arkansas teachers and a…