Business

Staley Technologies partners with global cash management firm CIMA

Little Rock-based Staley Technologies, a nationwide technology solutions provider, announced a strategic partnership with CIMA, a global cash handling product manufacturer, that will provide innovative smart cash handling solutions and…

UAMS modeling suggests steep rise in COVID-19 cases, need for ICU beds

Updated COVID-19 modeling posted Tuesday (Aug. 4) by the University of Arkansas for Medical Sciences predicts Arkansas will have 52,400 known community cases by Aug. 10, meaning the state will…

Walton study reports trail use increasing in Northwest Arkansas

Northwest Arkansas’ trail system is experiencing a steady rise in bike and foot traffic, according to a new report commissioned by the Walton Family Foundation. Since 2015, cycling use has…

Arkansas COVID-19 deaths continue to rise, hospitalizations set new record

An 8.2% rise in COVID-19 deaths in just the first four days of August is not tied to any one location or region, interim Arkansas Secretary of Health Dr. Jose…

Bass Pro Shops founder Johnny Morris buys former Dogpatch USA site

Johnny Morris, a conservationist and founder of Springfield, Mo.-based Bass Pro Shops, announced Tuesday (Aug. 4) the purchase of the former Dogpatch USA theme park in northern Arkansas. The 400-acre…

Kelly Robbins named executive director for Arkansas Rice

The Arkansas Rice Federation Board has announced that Kelly Robbins has been selected as the new executive director effective August 1. Most recently, Robbins served as executive director for the…

Contract changes provide more work to Lockheed operations in Camden

Contract modifications received by Bethesda, Md.-based Lockheed Martin will support production at the company’s manufacturing operation in Camden. A $1.042 billion modification “for incidental services, hardware, facilities, equipment, and all…

Arkansas’ fiscal year off to a good start with 47.2% increase in July revenue

State tax revenue in July totaled $766.8 million, up 47.2% thanks to an almost 90% growth in individual income tax resulting from a tax deadline shift from April to July,…

Crude oil production falls by largest amount in more than 40 years

U.S. production of crude oil declined in May by the largest amount since at least January 1980, according to the U.S. Energy Information Administration (EIA). The EIA released Friday (July…

Car-Mart opens 150th dealership in Tennessee

America’s Car-Mart Inc. opened its 150th dealership in Chattanooga, Tenn., on Friday (July 31). This is the second dealership the Rogers-based buy here, pay here used car dealer opened in…

Study shows Arkansas rice best positioned to survive current farming conditions, pandemic

The COVID-19 pandemic has turned what looked to be abysmal conditions for Arkansas farmers into something worse as the growing season got underway, but one crop might provide a buffer…

UAFS extends enrollment for Future Fit program, says program benefits manufacturing sector

The University of Arkansas at Fort Smith has extended the enrollment deadline for its Future Fit program in order to allow more students to take advantage of the program that…

Manufacturing sector expanded in July; PMI rises to 54.2%

Economic activity in the manufacturing sector increased in July, and the overall economy expanded for the third consecutive month, according to the Institute for Supply Management (ISM). The ISM announced…

School opening may require ‘adjustments along the way’; COVID-19 deaths rise to 475

With known COVID-19 cases and deaths continuing to rise, Gov. Asa Hutchinson on Monday (Aug. 3) reiterated his focus on opening schools later this month, saying he will be flexible…

Get Shift Done initiative launches in Northwest Arkansas, offering aid to displaced hospitality workers

The Northwest Arkansas Council and Bentonville-based Pure Charity announced Monday (Aug. 3) a partnership with Get Shift Done to bring the employment initiative to Northwest Arkansas. The program launched in…

Tyson Foods third-quarter net income down 22%; COVID-19 costs total $340 million

Tyson Foods said costs related to COVID-19 totaled $340 million, and that did not include direct costs related to absenteeism. The expense hurt the meat giant’s bottom line in the…

ASU, UALR receive $300,000 grants from U.S. Commerce Department

The U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding $7.8 million in EDA CARES Act Recovery Assistance grants to universities across the nation to boost their capacity to…

Swannee Bennett retires as director of Historic Arkansas Museum

Stacy Hurst, secretary of the Arkansas Department of Parks, Heritage and Tourism, announced Friday (July 31) that Swannee Bennett, director and chief curator of Historic Arkansas Museum (HAM), is stepping down…

Dean Banks to succeed Noel White as Tyson Foods CEO

Tyson Foods, Inc. announced Monday (Aug. 3) that Dean Banks will replace Noel White as CEO of the Springdale-based protein giant. The move will be effective on Oct. 3, 2020….

BSR acquires Broadstone Park West in Houston for $51 million

Little Rock-based BSR Real Estate Investment Trust announced that it has acquired Broadstone Park West, a 370-suite, garden style residential community in Houston, Texas for $51 million from Starlight Investments….