Business

Cajun’s Wharf to close on June 1

Cajun’s Wharf, the Little Rock restaurant landmark, will close on Saturday, June 1. Citing upkeep of the older building and changing consumer trends, the owner said the restaurant and bar…

ACHE launches master of biomedical science degree program

The new master of biomedical science program will begin July 26 at the Arkansas Colleges of Health Education (ACHE) in Fort Smith. The program will provide “rigorous post-graduate training in…

Economist: Yield curve inversion has been true, but new factors may complicate its accuracy

University of Arkansas’ Walton College economist Mervin Jebaraj admits that the yield curve inversion has been an accurate predictor of past recessions, but he warns that the current economic environment…

$300 million Simmons Foods plant takes shape south of Decatur

Siloam Springs-based poultry producer Simmons Foods Inc. and Affiliates plans to open a 315,000-square-foot chicken processing plant by the end of this year as construction on the $300 million plant…

DHS Director expects Arkansas Works to go to Supreme Court, waiver redesign coming in 2020

Arkansas Department of Human Services director Cindy Gillespie expects the appeal of a court ruling on Arkansas Works to reach the U.S. Supreme Court, and during that process, the state…

Public input sought on downtown Fort Smith truck traffic

Fort Smith City officials want the public’s input on traffic and trucks downtown. A public survey is the next step in the Downtown Traffic and Truck Study. It follows meetings,…

NanoMech faces new $1 million lawsuit for not paying debt

Springdale-based nanotechnology company NanoMech has been sued again for not paying its debt — this time for more than $1 million. Daniel Carroll of Michigan filed a complaint in the…

Arkansas firms continue testing emerging blockchain applications

Blockchain is a team sport, according to Dale Chrystie, vice president of strategic planning for FedEx Freight. The sentiment was echoed throughout the day by business professionals at a blockchain…

Arkansas House firmly rejects $8.1 billion DHS Medicaid budget following federal ruling

The Arkansas House of Representatives on Friday (March 29) soundly rejected the $8.1 billion budget for the state’s Medicaid expansion program and other Department of Human Services priorities only two…

Jake Bleed appointed state’s new budget director

Gov. Asa Hutchinson named a new state budget director Friday (March 29). Hutchinson and Larry Walther, who is head of the state Department of Finance and Administration (DFA), announced the…

Cornerstone Bank will open new Harrison banking center on Monday

Eureka Springs-based Cornerstone Bank will open its permanent banking center in Harrison on Monday (April 1). The 9,100-square-foot branch office is at 1426 Highway 65, across from a Walmart Supercenter,…

ASU hosts Women’s Business Leadership Conference

One of Aimee Spencer’s closest friends, Chauncey Green, wanted to go out one weekend, but Spencer couldn’t, or perhaps it’s more accurate to say, she wouldn’t. The financial advisor at…

Apptegy to add 50 jobs in 2019, tech job growth up 1.1% in Arkansas

Little Rock-based Apptegy plans to add another 50 employees in 2019 and add “fuel to the fire” of growth thanks in large part to a $13.2 million investment from Five…

Rooftop solar array powers hilltop home, electric cars of Fayetteville entrepreneur

Entrepreneur and environmentalist Terry Tremwel, board chairman of solar technology startup Picasolar Inc. and energy consulting firm Trem|Wel Energy LLC, has used less electricity at his three-level, 2,750-square-foot home than…

Exec says Walmart Supercenters are an opportunity, not a drag

Brett Biggs, chief financial officer at Walmart, said the Supercenter is an omnichannel opportunity and no longer a disadvantage for the retail giant. Biggs, with Walmart for 19 years, said…

Mercy merges two OB/GYN clinics in Rogers

Mercy Northwest Arkansas announced the merging of two women’s clinics in Rogers into one newly renovated space on the sixth floor of the J.B. Hunt Tower at 3333 Pinnacle Hills…

Governor urges appeal on Arkansas Works ruling; House to vote on funding Friday

Gov. Asa Hutchinson is urging the Trump administration to pursue an expedited appeal of a U.S. district judge’s decision nullifying the Arkansas Works work requirement, while the Speaker of the…

U.S. economy in 4Q slows faster than expected, 2018 GDP growth ends at 2.9%

The U.S. economy is braking faster than previously thought as the final GDP reading for the fourth quarter showed moderate growth of only 2.2%, the U.S. Commerce Department’s Bureau of…

Northwest Health to showcase orthopedic robot in public seminar

The public is invited to a free seminar at Northwest Medical Center-Bentonville to learn more about robot-assisted joint replacement surgery. The event is at noon Thursday, April 4, and should…

Baptist Health names Reanetta Hunt as new chief development officer and CEO of the Baptist Health Foundation

Baptist Health system announced Reanetta Hunt as its new chief development officer and CEO of the Baptist Health Foundation on Thursday (March 28). “Reanetta brings an incredible depth of experience…