Business

Gus’s to be newest restaurant in downtown Fort Smith

Garrison Avenue will welcome a new restaurant with the grand opening of Gus’s Bar and Grill Monday (Nov. 12) at 823 Garrison Ave., the former site of Saké Martini &…

RiceBran to purchase Golden Ridge milling operation in Wynne

The Woodlands, Texas-based RiceBran Technologies (NASDAQ: RIBT) announced Nov. 6 it plans to purchase Golden Ridge Rice Mills, which includes a principal milling plant in Wynne, Ark. The roughly $8…

Global robotics market to be a $174.26 million market by 2025

The global robotics market will enjoy a 17.4% compounded annual growth rate between 2017 and 2025, and will be a $147.26 billion market by 2025, according to Transparency Market Research….

Beef business expected to boost Tyson Foods’ earnings

Tyson Foods is expected to report fourth quarter earnings gains Tuesday (Nov. 13), lifting the meat giant to another record year. The consensus of analysts pegs fiscal year net income…

U.S., Arkansas economy to peak, face strong headwinds in 2019, economists say

The decade-long economic upswing following the Great Recession is nearing its peak and will gradually erode in 2019 and beyond as a number key economic factors come into play. That…

Walton Family Charitable Support Foundation gifts $23.7 million to University of Arkansas

The University of Arkansas has received a $23.7 million donation from the Walton Family Charitable Support Foundation. The gift was announced at the Campaign Arkansas volunteer steering committee meeting on…

Simmons Bank buys naming rights to Verizon Arena for $10.5 million

Verizon Arena announced Friday (Nov. 9) that Simmons Bank has acquired the naming rights to the 18,000 seat multi-purpose civic center located in North Little Rock for $10.5 million. The…

Tyson Foods exec helps CASA of Northwest Arkansas highlight need for more advocates

Northwest Arkansas is a land of plenty. There are lots of jobs, rising incomes, growing population and an expanding list of amenities from trails to museums to enhance lives. But…

Big River Steel to stand alone for now, company officials say

More than two months after Big River Steel LLC revealed it was fielding potential buyout offers and reviewing “strategic alternatives,” a spokesperson for the venture group behind the multimillion-dollar Northeast…

First Security Bank formally opens for business in the Fort Smith metro

The first office in the Fort Smith metro for Searcy-based First Security Bank held its formal opening Thursday (Nov. 8) at its 720 Garrison Ave. location in downtown Fort Smith….

PepsiCo exec encourages workers, educators at 4th annual workforce summit

The life story of Richard Montanez, inventor of Flamin’ Hot Cheetos — one of Frito-Lay’s most popular products — was not only one of rags to riches but also one…

Delta Regional Authority names its incoming fellows

The Delta Leadership Institute (DLI), a program sponsored by the Delta Regional Authority (DRA) has named 31 fellows to the 2018-19 Executive Academy. The fellows will participate in the 10-month program to improve their…

Real Deals: Fayetteville’s Maple Manor Apartments sells for $7 million

A 128-unit multifamily property in Fayetteville recently sold for $7 million. The purchase price equals $54,687 per unit. Maple Manor Equities LLC, controlled by The Walden Group of New Jersey,…

Fort Smith Board approves zoning change for Casey’s store, but more votes required

It will take a few more votes to make it certain, but a plan to build a Casey’s General Store to be built on the corner of 46th Street and…

Walmart and competitors should do well this holiday, despite promotions

Thanksgiving has not yet arrived, but the holiday shopping is here, and retailers are wasting no time trying to woo consumers to their stores and websites with seven weeks until…

Arvest Bank ends SBA fiscal year as loan production leader in Arkansas

Arvest Bank continued to be a top U.S. Small Business Administration (SBA) lender within its footprint in 2018, based on loan production. That’s based on data for the SBA fiscal…

Murphy Oil returns to profitability, posts third quarter earnings of $94 million

Murphy Oil Corp. posted profits of nearly $94 million as the El Dorado oil explorer saw international crude prices jump to nearly $70 a barrel in the third quarter, the…

Windstream posts adjusted loss of $2.57 per share, adds 8,400 new customers

Shares of Windstream Holdings Inc. jumped nearly 10% in early trading Thursday (Nov. 8) after the Little Rock broadband provider’s third quarter earnings came in ahead of Wall Street expectations…

Walmart to outsource its finance, accounting services to Genpact

The newest vendor to locate to Bentonville is New York-based Genpact, a global professional services firm, who is taking up residence inside Walmart’s corporate campus by the end of November. Walmart…

Little Rock’s Venture Center appoints Wayne Miller as new executive director

The Little Rock Venture Center board of directors has unanimously appointed Wayne Miller to the top leadership post for the nonprofit startup program after conducting a nationwide search following the…