News on the Wire

by The City Wire staff - January 27, 2012 12:42 pm

Demand prompts NWACC expansion

BENTONVILLE — According to the U.S. Department of Labor, ten of the 20 fastest-growing occupations are health care related. This burgeoning sector is projected to generate more new wage and…

by The City Wire staff - January 27, 2012 11:54 am

CNG use continues to grow in Arkansas

Natural gas as vehicle fuel is making incremental progress as corporate fleets, personal use and fueling stations grow. But it can’t happen fast enough as economic forecasters are predicting $4…

by The City Wire staff - January 27, 2012 8:43 am

Arkansas Best posts 2011 income gain

Fort Smith-based Arkansas Best Corp. has ended two consecutive years of losses with 2011 net income of $6.159 million. Gains in tonnage, cost cutting and price increases helped boost the…

by The City Wire staff - January 26, 2012 6:14 pm

FCRA sets 2012 operating budget

The Fort Chaffee Redevelopment Authority (FCRA) approved a 2012 operating budget Thursday afternoon (Jan. 26), and also ended its continuing negotiations with Shire, Inc., by approving a 47.5-acre, $475,000 sale….

by The City Wire staff - January 26, 2012 5:58 pm

J.B. Hunt rolls to record profits

Lowell-based J.B. Hunt Transport Services led the way to profitability in 2011 despite ongoing economic challenges that provided limited visibility for the transportation industry. J.B.Hunt tallied-up annual profits of $257…

by The City Wire staff - January 26, 2012 11:14 am

Entrepreneurial hub to open February

Coffee shops are great, Skype is useful, and close friends can offer invaluable advice. But for entrepreneur Josh Clemence and the Northwest Arkansas Entrepreneurship Alliance, such simple pleasures aren't enough….

by The City Wire staff - January 26, 2012 6:41 am

Murphy Oil income up in 2011

A recently disclosed impairment charge of $368.6 million led Murphy Oil to a fourth quarter loss of $113.9 million. One year ago, Murphy Oil recorded net income of $174.1 million….

by The City Wire staff - January 26, 2012 6:25 am

Needs of aerospace industry noted at summit

The educational and economical importance of science, technology, education, and mathematics (STEM), to the aerospace industry is immeasurable, “right down to elementary school,” said Director of Government Operations Steve Hendrickson…

by The City Wire staff - January 25, 2012 3:48 pm

Economists: No panic in 2012

Economists at a northwest Arkansas business forecast predicted “modest expansion” for the state and national economies with little worry of a full-blown second recession. “I think the time to panic…

by The City Wire staff - January 25, 2012 2:43 pm

Tyson Foods shares downgraded

Another Wall Street analyst, Farha Aslam of Stephens Inc., downgraded Tyson Foods shares to a hold or neutral position earlier today (Wed. Jan. 25) on sustained heavy beef losses. Aslam…

by The City Wire staff - January 25, 2012 1:24 pm

Beebe unsure about severance tax support

Gov. Mike Beebe said Wednesday (Jan. 25) he is “re-evaluating” his support for a proposed ballot initiative that would raise Arkansas’ severance tax. Sheffield Nelson, a former natural gas company…