Business

Big River Steel reaches financing agreements

Big River Steel has closed on a $1.225 billion financing agreement, the company has announced. About $600 million will be in the form of senior secured notes due in 2025;…

Gov. Hutchinson sends Arkansas National Guard team to aid in Harvey relief

Gov. Asa Hutchinson on Monday (Aug. 28) sent 14 members of the Arkansas National Guard’s civil support team to Kingwood, Texas, to help in the rescue efforts in the Houston…

Manufacturers, retailers likely to see supply chain ‘hiccup’ following Hurricane Harvey

Hurricane Harvey’s impact is expected to spread through many parts of the country thanks to supply chain disruptions for retailers and manufacturers that will range from minor to significant. Major…

Wal-Mart hit hard by Harvey, will donate $1 million to recovery through foundation

Hurricane Harvey has shuttered at least 70 Wal-Mart Stores in the Houston metro, including Sam’s Clubs and three of the retailer’s distribution centers. Wal-Mart has about 600 stores in Texas…

‘Brief but dramatic’ higher pump prices expected from Harvey fallout

As severe flooding from Hurricane Harvey inundates much of the nation’s gasoline refining infrastructure on the U.S. Gulf Coast, Arkansas motorists should expect to see a spike in pump prices…

Eureka Pizza rolling out big changes in 25th year

For customers who’ve poked fun at Eureka Pizza in the past, the Fayetteville-based restaurant chain is about to make some big changes. Company owner Rolf Wilkin said the business is…

Courtyard by Marriott planned near Pinnacle Hills Promenade in Rogers

The apartment market isn’t the only commercial construction niche booming in Northwest Arkansas. Hotel developers are bullish on the region, too, attempting to capitalize on the area’s growing popularity as…

IT services company Ensono opens new Conway office

Ensono, an Illinois-based information technology services provider, has opened a new office in Conway. The company has long had a base in the town, and its 105 employees — with…

Then & Now: Seth Mohorn battles cancer, leads business consulting company

EDITOR’S NOTE: The following story appeared in the Aug. 21 issue of the Northwest Arkansas Business Journal. “Then & Now” is a profile of a past member of the Business Journal’s…

Fort Smith tax revenue up 1.6% year-to-date, area county collections show gains

Sales tax revenue fell more than 2% in Fort Smith’s July report, with year-to-date revenue up 1.6% and 2.2% above the budget estimate. However, franchise revenue could end the year…

Economist Mervin Jebaraj reminds that Frank Broyles economic impact more than $2.9 billion

On its 10-year anniversary, economist Mervin Jebaraj dusted off a 2007 economic impact study that shows Frank Broyles’ leadership contributed at least $2.9 billion to Northwest Arkansas’ economy. Jebaraj, interim…

Sen. Cotton uncertain of healthcare fate, hopes debt ceiling increase brings spending reforms

Sen. Tom Cotton, R-Ark., said Congress’ busy post-recess agenda includes healthcare reform, tax policy, and dealing with the limits of debt ceiling. But where those efforts land is a large…

Tech leaders: ‘next industrial revolution’ is coming, will be positive but with challenges

It’s the opinion of Todd Lohr that artificial intelligence has permeated daily personal life and in a matter of time will infiltrate the workplace, so employers should be prepared. Lohr,…

SEC won’t pursue Tyson Foods in price-fixing complaint

Tyson Foods said Friday the U.S. Securities and Exchange Commission is no longer investigating the company on the anti-trust issues relating to alleged price-fixing of chicken. The meat giant said it was…

UCA makerspace set to open Sept. 5

The University of Central Arkansas will launch the UCA Makerspace Powered by the Conductor at 10:30 a.m. Tuesday, Sept. 5. It is located in Suite 130 in The Shoppes at…

Amazon plans for Whole Foods include lower prices, expanded product access

A day after Amazon obtained federal approval to move forward with the acquisition of Whole Foods the tech giant announced a few plans that will begin Monday (Aug. 28) for…

Hurricane Harvey bearing down on area with significant oil, gas infrastructure

Hurricane Harvey might impact a large amount of energy infrastructure along the Texas Gulf Coast, according to the U.S. Energy Information Administration. The U.S. Gulf of Mexico accounts for nearly…

SEC to raise security registration fees charged to public companies by 7%

The U.S. Securities and Exchange Commission will raise the fees it charges to public companies to register their securities with the commission. On Oct. 1, the fees will rise 7%…

Ozark Regional Transit asks public to complete survey on light-bus rapid transit

Springdale-based transit provider Ozark Regional Transit (ORT), along with the Walton Family Foundation, is asking the public to complete a survey to assess the potential to operate a higher level…

UAFS Chancellor, Restore Hope aiming for 10% cut in recidivism by August 2018

University of Arkansas at Fort Smith (UAFS) Chancellor Dr. Paul Beran wants to see a 10% drop in recidivism for Sebastian County by this time next year, citing the county’s…