Recently added articles from Arkansas Business:
Arkansans battle Morgan Keegan: angry investors fight to recover millions in losses.
Jun 15, 2009; ... [ILLUSTRATION OMITTED] ARKANSAS INVESTORS WHO lost more than $2.5 million after investing in Regions Morgan Keegan high-yield bond funds are fighting, with varying degrees of success, to recover their losses. Among the investors who claim they were deceived are a Boy ...
LR developer Clary defaults on $17m: creditors sue; Shackleford crossings called sound.
Jun 15, 2009; ... THE DEVELOPER BEHIND THE SHACKLEford Crossings retail development in west le Rock has defaulted on more than $17 million in personal and commercial loans since July, and his creditors have gone to court to protect their interests. None of Roger S. "Steve" Clary's defaulted loans ...
Assets scramble.(Whispers)
Jun 15, 2009 ... You knew that Gene Cauley was hustling together assets to post bail in federal court last week, so he could stay out of jail until his Sept. 10 sentencing after pleading guilty to wire fraud and contempt of court on June 1. He did so successfully, his lawyer said, but exactly ...
Cauley chair.(Whispers)
Jun 15, 2009 ... Speaking of Cauley assets ... By his account, cash flow problems encountered in mid-2007 led him to steal millions from a client trust account. About $9.3 million was missing when uncovered earlier this year. But money troubles didn't prevent Cauley from making a generous ...
Dam troubles.(Whispers)
Jun 15, 2009 ... An Illinois couple who own property on Norfork Lake is suing the U.S. Army Corps of Engineers for not maintaining the proper water level. G. Thomas and lane G. Rohbins said the rising water caused "substantial damage of the newly renovated family room" at their lakeside home, ...
Clash of the titans.(Editorial)
Jun 15, 2009 ... IT'S ONE OF THE MORE FAScinating transportation fights in years. A clash of two titans. In one corner is FedEx Corp. In the other is United Parcel Service Inc. Both have spent, or are in the process of spending, millions of dollars lobbying Congress--and the public --to see ...
The new lottery director.(Editorial)
Jun 15, 2009 ... A DAY AFTER SAYING THERE ere not enough applicants seeking to be executive director of the Arkansas lottery, the commission overseeing its establishment hired Ernie Passailaigue of Charleston, S.C., who was head of the South Carolina lottery. We can't quibble with ...
Murphy quietly rises.(Publisher's Note)
Jun 15, 2009; ... PORING ,THROUGH FORTUNE magazines latest compilation of the 500 largest companies, I came across multiple impressive references to Murphy Oil Corp. of El Dorado. In 2008, Murphy Oil became Arkansas' third Fortune 100 company, ranked No. 92 and up from No. 134 thanks to a 49 ...
Vision acquisition.(Real Deals: A Look at Important Real Estate Transactions)
Jun 15, 2009; ... A commercial property in midtown Little Rock changed hands in a $590,000 deal. Vision Value LLC of Fort Lauderdale, Fla., purchased the onetime bank branch property at 112 S. University Ave. from SPC 112 Suniveristy Ltd. of Dallas, led by James Strode. The limited ...
Andy's purchase.(Real Deals: A Look at Important Real Estate Transactions)
Jun 15, 2009; ... A one-time fast-food headquarters in west Little Rock rang up a $362,000 transaction. Does Inc., led by James Young blood, bought the 11521 W. Markham St. property as part of its Andy's Hog Wild Cafe operation. The seller is Andy's Acquisition Co. LLC, led by Carl Moody. ...
Park view house.(Real Deals: A Look at Important Real Estate Transactions)
Jun 15, 2009; ... A 2,950-SF home in Little Rock's Park View neighborhood drew a $505,000 transaction. Clayton and Grace MeGeorge bought the house from Brandon and Jennifer Draper. The transaction is funded with a three-month loan of $305,000 from One Bank & Trust. The residence was linked with ...
Heights abode.(Real Deals: A Look at Important Real Estate Transactions)
Jun 15, 2009; ... A 2,623-SF home near the Country Club of Little Rock is under new ownership after a $500,000 transaction. [ILLUSTRATION OMITTED] J.M. Carney acquired the house from Austin and Ann Grimes. The residence previously was tied to an April 2003 mortgage of ...
On the web.(Real Deals: A Look at Important Real Estate Transactions)
Jun 15, 2009 ... To search office space, retail property, industrial parks and warehouses in central and northwest Arkansas visit Arkansasbusiness.com/realestateguide. For the latest Arkansas real estate news visit Arkansas business.com/realestate. The first phase of the $25 million ...
Dassault Falcon Jet laying off 111 in LR.(Inside Business)
Jun 15, 2009; ... Dassault Falcon Jet Corp. of St. Cloud, France, is laying off 111 workers in Little Rock, and 42 employees have taken an "early out" program. The layoffs bring the private jet manufacturer's Little Rock employee total to about 2,100, according to a company news release. ...
LM Glasfiber cuts 80 jobs in little rock.(Inside Business)
Jun 15, 2009; ... LM Glasfiber of Denmark is cutting production at its Little Rock wind turbine manufacturing plant, resulting in 80 layoffs. The cuts come as orders have slowed because of the recession. The company will now employ about 300 in Little Rock. The company runs a plant at the Little ...
Polymer group to close NLR plant; 140 jobs gone.(Inside Business)
Jun 15, 2009; ... Polymer Group Inc. of Charlotte, N.C., said it would close its North Little Rock plant and consolidate manufacturing operations at its Benson, N.C., plant "to maintain competitiveness in response to major global downturns in industrial markets." The plant employs 140 people. ...
Heber springs firm sells tree transplanters in Iraq.(Big John Tree Transplanter Manufacturing Inc)(Brief article)
Jun 15, 2009; ... Big John Tree Transplanter Manufacturing Inc. of Heber Springs said it has sold an order of seven Big John Model 90Ds, each mounted on a new Mack truck chassis, to the city of Baghdad, Iraq. Will Humphreys, company vice president, said there are many palm and date trees along ...
Leading Saline County real estate firms merge.(Inside Business)
Jun 15, 2009; ... The two largest Saline County residential realty firms merged recently to create Baxley-Penfield-Moudy Realtors. The new firm represents the combination of Phillips Moudy Duke Real Estate of Benton and Penfield Real Estate of Bryant. The two firms have ranked among ...
Atlantic Tele-Network to buy Alltel assets.(Inside Business)
Jun 15, 2009; ... Atlantic Tele-Network Inc. of Salem, Mass., has reached an agreement to buy Alltel Corp. divestiture assets in a deal worth about $200 million. The assets include Wireless spectrum licenses and network assets serving about 800,000 subscribers in mostly rural areas in Georgia, ...
Dillard's investor's suit alleges mismanagement.(Inside Business)
Jun 15, 2009; ... An investor in Dillard's Inc. stock filed a "derivative" lawsuit in Pulaski County Circuit Court last week that accuses the Little Rock retailer's board of directors of mismanagement, breach of fiduciary duty and unjust enrichment. The complaint filed by Billy K. Betty of Yell ...