Business

U.S. gasoline, diesel prices to decrease this summer

The retail price of U.S. regular gasoline is expected to fall 3% to $2.76 per gallon this summer, from the same period in 2018, because of lower crude oil prices,…

Manufactured goods orders increased nearly 3% in March

New orders for manufactured durable goods rose 2.7%, or by $6.8 billion, to $258.5 billion in March, according to the U.S. Census Bureau. The orders declined 1.1% in February and…

Residential electricity consumption to fall this summer

The average amount of electricity U.S. residential households will consume is expected to decline 5% to about 3,080 kilowatt-hours of electricity this summer (June through August), from the same period…

Family-owned Generations Bank begins next chapter in 112-year history

There are 20 banks doing business in Rogers. Among Arkansas cities, only Little Rock (30) and Fayetteville (27) have more. But just one of those lenders calls Rogers home. Just…

Tyson Foods, Cargill sued by cattle group R-CALF

Tyson Foods and its beef competitors were sued by cattle group — R-CALF USA in a Chicago federal court this week. The complaint alleges Tyson Foods, Cargill, JBS S.S. and…

Walmart’s Asda and Sainsbury merger is off

Walmart’s plan to merge its Asda operations in the United Kingdom with Sainsbury hit a road block and the partners agreed to terminate the merger on Thursday (April 25). News…

Little Rock Regional Chamber to partner with SCORE for business counseling

The Little Rock Regional Chamber announced a new partnership with the Little Rock SCORE chapter, which will host office hours for mentors to meet with small businesses and potential small…

Northwest Arkansas sales tax revenue flat in April report

After solid gains of 5.3% in March, April sales tax revenue totaled $5.222 million, up just 0.43% from a year ago, according to reports from Bentonville, Fayetteville, Rogers and Springdale….

Risch selected as vice provost for research and technology

Dr. Tom Risch has been named vice provost for research and technology transfer and the executive director of the Arkansas Biosciences Institute at Arkansas State University, ASU Provost Lynita Cooksey…

National focus, workforce keys to growing Arkansas’ aerospace and defense industry

Continued growth in Arkansas’ aerospace and defense industry needs a “national priority” like that set by President John Kennedy when he challenged the nation to go to the Moon, Gov….

Walmart to hold annual wellness fair

Walmart plans to hold its annual wellness fair at more than 4,500 U.S. stores this weekend. This is the fifth year Walmart is holding the event and it will take…

Sultana disaster conference set for Saturday

The worst maritime disaster in U.S. history will be commemorated at a conference in Marion on Saturday (April 27). A myriad of experts will speak during the Sultana Disaster Conference…

Capital Bank receives approval to change name to Encore Bank

Little Rock-based Capital Bank has been approved by the Arkansas State Bank Department to change its name to Encore Bank. Intention for the bank’s rebranding was disclosed when new leadership…

Walmart does end-around Tyson for direct beef supply chain

Walmart announced Wednesday (April 24) its own entry into the beef industry. The retail giant said it is developing an end-to-end supply chain for Angus beef working directly with ranchers…

Tyson Foods divests interest in alternative protein company Beyond Meats

Meat giant Tyson Foods has sold its stake in California-based alternative protein company Beyond Meat, just ahead of the startup’s public stock offering. That’s according to filings with the U.S….

Walmart’s top five executives earned $68.73 million last year

The top five executives at Walmart are paid handsomely for their services, raking in a combined $68.73 million last year. Total income for the top five earners rose 6.19% from…

Danville-based Chambers Bank strikes deal to buy River Town Bank

Danville-based Chambers Bancshares Inc., holding company for Chambers Bank, has reached a deal to acquire nearby Bank of Dardanelle Bankshares Inc., the parent company of River Town Bank. The acquisition…

Arkansas receives $55 million in tobacco settlement funds

Arkansas Attorney General Leslie Rutledge announced that the state has received its 2019 share of proceeds from the 1998 Master Settlement Agreement (MSA) with tobacco companies. This year, Arkansas will…

Denso to invest $1.6 billion to support electric cars, self-driving technologies

Japanese auto giant Denso Corp., which operates a state-of-the-art HVAC manufacturing facility in Osceola, has announced plans to invest nearly $1.6 billion over the next three years to support its…

GoFundMe campaign launched for U.S. Marshals Museum

A GoFundMe campaign to raise $2 million has been established to pay for production of “guest experiences” at the U.S. Marshals Museum and help close the gap on $15.3 million…