Arkansas Business back issues from May 1995:
Union Planters sets new course. (Union Planters Corp.)
May 01, 1995; ... Jackson Pilots Institution After Lieblong Bails OutThe wind of change blew a familiar face back into northeast Arkansas and sent an intended compatriot packing.Marlin Jackson, former bank commissioner, was recruited by Union Planters Corp. of Memphis to head its $681 ...
LR, Memphis fighting for firm. (Little Rock, AR; Arkansas Systems Inc.)
May 01, 1995; ... Incentives Could Determine Location of Arkansas Systems Inc.Arkansas Systems Inc. of Little Rock, a rapidly expanding software development company, appears to be seriously considering a move to Memphis.The idea that the software development firm would rip up its roots ...
Constituents looking for clone of Pryor. (Arkansas Senator David Pryor)
May 01, 1995; ... Even Senator's Opponents Want Replacement With Similar QualitiesConstituencies that have been served well by U.S. Sen. David Pryor - farmers, small businesses and the elderly - know exactly what kind of senator they'd like to see take his place: a Pryor clone.Even those ...
Worldwide business offers plenty of opportunities. (Arkansas Systems Inc.'s global operations)(Company Profile)
May 01, 1995 ... Arkansas Systems Inc., since it established its niche, has quickly conquered the world."We have a family of products that allows developing countries to move forward," James Hendren, president of the Little Rock firm, says. "What has to come before plants and other facilities is a ...
Sale of Arkansas crops increases with NAFTA.
May 01, 1995; ... The sale of Arkansas soy beans, rice, corn and cotton has increased since NAFTA was passed, says John R. McClendon, a Lee County farmer who also serves as president of the American Soybean Association, an international organization with influence in 80 countries.According to ...
From farming to manufacturing, Arkansas profits. (NAFTA and Arkansas investments in Mexico)
May 01, 1995; ... Before Peso's Devaluation, NAFTA Encourages Trade, Helps Businesses SucceedJohn R. McClendon knew something looked familiar about the farm he was touring in Mexico's Yucatan Peninsula."Is someone from Arkansas running this farm?" he asks."Yes," his Mexican ...
Too early to tell full benefit of NAFTA.
May 01, 1995; ... A survey of Arkansas businesses shows that most aren't sure what the first year of NAFTA has wrought."Our general attitude about NAFTA is it was a good idea," says Archie Schaffer, spokesman for Tyson Foods Inc. of Springdale. "We supported it. In the long run, anything that helps ...
Paragould's Peoples Bank tops state with 2.48 ROA. (Peoples Bank of Paragould; return on assets)
May 01, 1995; ... Peoples bank of Paragould, a tiny $35 million-asset bank that is only 4 years old, has again recorded the best return on assets in the state.Peoples Bank, which led the state with an ROA of 6.52 percent in 1992, had an ROA of 2.48 last year. Only four Arkansas banks had an ROA ...
Eagle lands at a new location with a new attitude. (Eagle Bank and Trust Co.)(Company Profile)
May 01, 1995; ... Cash a check in the early morning at the drive-through window at Eagle Bank & Trust at the One Financial Centre Building and the teller will give you a couple of doughnut holes with your twenties.R.K. "Randy" Herlocker, the bank's president and chief executive officer, knows that ...
State Chamber of Commerce anticipates changes.
May 01, 1995; ... Membership Survey Will Help Group Alter Ways to Promote Pro-Business AgendaThe Arkansas State Chamber of Commerce and its sister organization, Associated Industries of Arkansas, have seen the legislative handwriting on the wall and they are preparing for some dramatic changes. ...
PB business leaders cite communication gap. (Pine Bluff, AR)
May 01, 1995; ... Mayor, Black City Council Members at Odds; Citizen Groups Seek ChangesMembers of Pine Bluff's business community say a complete lack of communication among city leaders has led to the recent airing of dirty laundry over disagreements between white and black city leaders. ...
Martin & Martin earns reputation as giant killer: Blue Cross account becomes firm's latest conquest. (advertising agency)(includes related article)(Company Profile)
May 08, 1995; ... "He chose him five smooth stones out of the brook, and put them in a shepherd's bag which he had ... and his sling was in his hand. And David put his hand in his bag, and took thence a stone, and slang it, and smote the Philistine in his forehead that the stone sunk into his forehead, and he ...
Task force's mission: taming Chenal traffic. (Chenal Parkway in Little Rock, Arkansas)
May 08, 1995; ... Increased traffic motoring along west Little Rock's Chenal Parkway has set bureaucratic wheels in motion. A task force representing city hall, developers and residents is preparing recommendations on what to do about growing congestion along the thoroughfare.The group's findings ...
Merrill Lynch adds big hitters: Melton on board, Bobbitt could be next addition. (Merrill Lynch and Company Inc.)
May 08, 1995; ... The hiring of Andrew Melton, former chief financial officer of Worthen Banking Corp., and what appears to be the impending addition of former Alltel Corp. president Max Bobbitt attest to the change in the direction of Merrill Lynch Inc.'s strategy in Arkansas.Steve Carleson, first ...
Arkansas-made outdoor gear has worldwide reputation: Mountainsmith receives a welcome backpack at Cotter. (Mountainsmith Inc.'s factory in Arkansas)
May 08, 1995; ... As you read this, an expedition is trudging its way to the top of Mount Everest - and chances are they're carrying some of their gear in backpacks made in the hamlet of Cotter along the White River.White River Industries Inc. sews up about 700 packs a day for Mountainsmith Inc., ...
Will unfinished aerospace plant finally take off? (Rohr Inc.'s mothballed plant in Arkadelphia, Arkansas)
May 08, 1995; ... Arkadelphia Area Hopes Green Light Coming Soon for $25 Million ComplexClark county boosters have gained new hope that a mothballed factory which never opened for business will finally begin production.They are expecting to receive word this summer on what officials at ...
First Commercial leads state's mortgage lenders. (First Commercial Corp.; Arkansas)
May 08, 1995; ... First Commercial Corp., with more than $650 million in loans last year, was the leading mortgage lender in Arkansas last year.First Commercial had about $230 million more in mortgage loans that any other institution in the state. First Commercial serviced $2.8 billion in loans last ...
LR radio babble battle escalates; KSYG shifts frequencies hoping to outmaneuver entrenched KARN. (Little Rock, Arkansas)(includes related article on KSSN-FM)
May 15, 1995; ... Talk is cheap, unless it's on the ??In the Little Rock market, talk radio has become a battlefield, and war, as everyone knows, is hell.The telephone lines and battle lines are drawn the old veteran vs. the young upstart, AM vs. FM.KARN-AM, 920, has been the ...
Welch earns reputation as top lawyer. (Morgan E. Welch of Welch and Adcock)(includes related article)
May 15, 1995; ... From Air Force to Hospitals, Counsel 'Bloodies Noses in the Courtroom'Sitting at the Little Rock law office of Welch & Adcock, you cannot miss the screen saver scrolling across the receptionist's computer; "?? and Ashton kicked butt!!"Increasingly during the past 10 ...
Nations fund draws scrutiny; questions surround investment's marketing. (Nations Government Income Term Trust 2003)(includes related article on NationsBank of North Carolina N.A.'s prospecting letter)
May 15, 1995; ... In what is becoming a central theme to recent lawsuits related to derivative investments, what was said or unsaid between investors and securities brokers likely will determine the outcome of a new investigation by the Arkansas Securities Department.State officials are looking into ...
The new Fortune 500.(Inside Business)(Column)
May 15, 1995; ... To change the 500 is a grave and complicated act." - Fortune, May 15.Forty years ago Fortune magazine created the Fortune 500, its listing of the country's largest manufacturing firms.It was an instant success.The 500 quickly became a Who's Who of America's ...
Newspaper shootout. (lawsuit over sale of Northwest Arkansas Times)(Editor's Notes)(Column)
May 15, 1995; ... Testimony has ended in the lawsuit over the sale of the Northwest Arkansas Times in Fayetteville, and we now await a ruling that almost certainly will be appealed one way or another.It's an interesting case to say the least, with the billionaire Walton family pitted against the ...
Rein in regulations. (federal regulations)(Commentary)(Column)
May 15, 1995; ... Recycling has become a fundamental industry practice. We've taken great strides in the protection of our natural resources and endangered wildlife.Now it's time to look ahead to the next 25 years and the goal of continued and strengthened environmental protection. But unless the ...
Dallas firm to open 30 small motels in Arkansas; motels will require only a credit card for customers to check in. (Dallas, Texas; AmeriTel Inc.)
May 15, 1995; ... Ameritel Inc., a new corporation based in Dallas, plans 30-60 small credit-card entry motels in Arkansas in the next three years.The motels will rent a room for $22 a night for one or two guests. No desk clerk will be in the motel's lobby, and guests will need only a credit card to ...
Community leaders work to save Fort Chaffee.
May 15, 1995; ... In the effort to keep Fort Chaffee open, a group headed by the Fort Smith Chamber of Commerce is trying to prove that the U.S. Department of Defense needs the fort as much or more than the area economy does.The Base Realignment and Closure Commission (BRAC) recently announced that ...
Arkansas credit unions healthy despite national trend.
May 15, 1995; ... The bulk of Credit Unions in Arkansas remained healthy in 1994 while higher interest rates pummeled many institutions nationwide.Arkansas, with 94 credit unions reporting for 1994, registered a 2.19 percent overall decline in equity. Though that figure would appear to be a bad ...
Arkansas Federal tops credit unions with $173 million. (Arkansas Federal Credit Union)
May 15, 1995; ... Arkansas Federal Credit Union of Jacksonville, with almost 11 percent growth in the past year, is the largest credit union in the state with more than $173 million in assets.It is almost three times larger than Crossett Paper Mills Employees Credit Union, which has more than $63 ...
Tax reform vs. munis. (municipal bonds)(Wise Investments)(Column)
May 15, 1995; ... Most investors are aware that many congressional leaders are again seriously considering proposals to alter the way we pay federal taxes. Most investors also know that some of these proposals could have a damaging effect on the municipal market.However, there appears to be some ...
Facing the Medicare mess.(On Principle)(Column)
May 15, 1995; ... Congressional Republicans have floated a proposal to reform Medicare. And President Clinton is sitting there like Clint Eastwood saying, "Go ahead. Make my day."Unfortunately, no politician of either party can afford to tell the American people the blunt truth about Medicare. It's ...
Global trade comes calling. (Little Rock, AR)(includes related article)
May 22, 1995; ... Little Rock Gains International FlavorFinding evidence that the global economy has arrived on the Arkansas home front is becoming as easy as finding a Texas tourist vacationing here during the summer.Chinese capitalists, Japanese retailers, Russian engineers, a German ...
Memphis pulls casinos northward. (includes related article)
May 22, 1995; ... Arkansas Entities See Good, Bad From Saturated Tunica MarketWhen splash casino opened in October 1992, gambling fans stood in line and paid $10 a head to get in. Splash, which recently announced it has given employees 60 days' notice, is scheduled to close July 11.It is ...
NW newspaper control rests in judge's hands. (Northwest Arkansas Times)
May 22, 1995; ... Stephens' High-Dollar Efforts Still Up in the Air With Northwest Arkansas TimesWhen billionaire Jackson T. Stephens took the stand to testify about the acquisition of the Northwest Arkansas Times of Fayetteville, it became apparent this was the major leagues where the big boys play ...
Democrat-Gazette looks at northwest Arkansas. (Arkansas Democrat-Gazette)
May 22, 1995 ... Despite avoiding the fray over Thomson Corp.'s sale of the Northwest Arkansas Times of Fayetteville to a group controlled by the Stephens family, the Arkansas Democrat-Gazette is eagerly awaiting the outcome of the case.It was revealed during the trial that the Democrat-Gazette has ...
Farmland value fluctuates in delta in recent months. (Arkansas Delta region)
May 22, 1995; ... Cotton Land Prices Soar, Helped by Increased Demand for CropThe farm real estate market was very active throughout most of the Mid-South region in 1994 and early 1995.Land prices in the Arkansas Prairie and Delta were greatly influenced by several key factors, including ...
Agriculture interests want to keep farm bill intact. (1995 Farm Bill)
May 22, 1995; ... GOP-Led Congress Likely to Make CutsAs if farmers didn't have enough to worry about already - everything from aphids to zoysia grass - now it looks like the 1995 Farm Bill will include serious cuts in agriculture programs.Just how deep the cuts will be, nobody knows. And ...
Wal-Mart's supercenters hit $7 billion in sales. (Wal-Mart Stores Inc.)
May 22, 1995; ... Harps Food Stores, Kroger Announce Plans for Major Growth in ArkansasWal-Mart Stores Inc.'s Supercenters division is the largest grocery chain in Arkansas with an estimated $7.4 billion nationally in 1994 revenues.Wal-Mart does not break out revenue figures for its ...
San Francisco firm emphasizes operations in Arkansas. (Potlatch Corp.)
May 22, 1995; ... Potlatch Holds Annual Meeting in LR, Will Invest $15.5 Million at PrescottPotlatch Corp., A San Francisco-based diversified forest products company, recently focused attention on its Arkansas operations.The firm, which employs about 1,100 in Warren, Prescott and Cypress ...
The LLC tidal wave: why it swept across America. (limited-liability companies)(1995 Law Journal)
May 22, 1995; ... When Governor Tucker signed The Small Business Entity Tax Pass Through Act of 1993, Arkansas joined 18 other states in the limited liability/company ("LLC") tidal wave that was sweeping over the American business landscape. Since that time, LLC legislation has passed in 48 of the 51 American ...
Protecting your business from unfair competition.(1995 Law Journal)
May 22, 1995; ... It's tough enough for the businessman, large or small, to survive in the 90s. It's even worse when the competition won't play by the rules. Whether your competitors don't know the rules or just don't care, you can protect your business from unfair competition.There is no ...
A review of corporate director liability issues.(1995 Law Journal)
May 22, 1995; ... An article in a recent issue of Business Week described service on a corporation's board of directors as "a job nobody wants." In recent years, there has been a rash of suits against officers and directors of failed financial institutions brought either by shareholders or government entities ...
Conflict reporting obscures real environmental issues.(1995 Law Journal)
May 22, 1995; ... Environmental reporting is often prominently focused on the "conflict," not the "issue." While this may attract the interest of readers, it detracts from the issue at hand.Concerning VertacA prime example of this is the former Vertac Chemical Co. superfund site in ...
How to survive an environmental inspection.(1995 Law Journal)
May 22, 1995; ... To enforce the various environmental laws relating to air, water, waste and underground storage tanks, the Arkansas Department of Pollution Control, and Ecology (ADPC&E) and sometimes the Environmental Protection Agency (EPA) conduct inspections of industrial sites. It is important to be ...
Private environmental litigation - friend or foe?(1995 Law Journal)
May 22, 1995; ... April 22nd marked the 25th anniversary of the first Earth Day. After twenty-five years, public demand for a clean environment still remains high. Compliance with an ever-growing number of environmental laws and regulations commands the attention of business, perhaps now more than ever ...
Workers' compensation: traps for the unwary. (Arkansas Workers' Compensation Act)(1995 Law Journal)
May 22, 1995; ... Employers and insurers routinely express areas of concern respecting the current Arkansas Workers' Compensation Law. The main areas include workers' compensation fraud, compensability, safety, and several recently-enacted traps for the unwary.Workers' Compensation fraud ...
An overview of business liability coverage.(1995 Law Journal)
May 22, 1995; ... Every business may at some time be named as a defendant in a lawsuit, in which the plaintiff contends that he sustained damages as the result of a wrongful act or omission on the part of the defendant. Such claims may arise, for example, from the slip and fall of a customer in a retail ...
Charitable investors err with New Era. (Foundation for New Era Philantrophy)
May 29, 1995; ... Wal-Mart COO, John Brown University DupedDonald G. Soderquist was understandably dubious of the Foundation for New Era Philanthropy's promise in 1993 to double charitable contributions within six months by providing matching funds from anonymous donors.Still, the chief ...
Gravel mining foes dig deep. (Arkansas)
May 29, 1995; ... Designation of Crooked Creek Could Close StreamDrying up lucrative in-stream gravel mining operations in some of Arkansas' clearest creeks has turned into a muddy endeavor.Larry Wilson, deputy director of the state Department of Pollution Control & Ecology, says mining ...
IMAX, high-tech school highlight $6 million center. (Arkansas High Technology Training Center; Aerospace Education Center)
May 29, 1995; ... Sure, the screen on the new IMAX theater opening June 10 at the Aerospace Education Center is big.How big? Nearly 5,000 SF. A little bit larger than a regulation basketball court. About five times larger than Little Rock's largest screen - Cinema 150. About 10 times larger than a ...
Growth keeps Baptist Medical Center atop hospitals.(Arkansas Business Rankings)
May 29, 1995; ... All Four Baptist Health Facilities Improve Earnings, Revenues in '94With net income up almost $7 million and revenues improved by about $47 million, Baptist Medical Center in Little Rock solidified its position as the dominant hospital in Arkansas.Baptist Medical Center ...
St. Michael's move shows disparities in Texarkana. (St. Michael Hospital)
May 29, 1995; ... Arkansas Loses 1,000 Jobs to TexasMoving is always traumatic, particularly when a major employer in a struggling town pulls up stakes and heads over to a rival municipality.When the move takes place in Texarkana - where the state line has become the front line in a ...
'Simple' medical billing statements can be perplexing.
May 29, 1995; ... One of the common questions employees in hospital patient billing departments hear is: "What does this line on my bill mean?"Some hospitals in Arkansas have made efforts to streamline, simplify and add more description to bills. When you or a family member has returned from a ...
Healthstar, Methodist of Jonesboro nearing handshake.
May 29, 1995; ... Any day now, it should be official: Methodist Hospital of Jonesboro will be part of Healthstar Ultima - The Arkansas Health System.Last month Methodist Health Systems Inc. of Memphis officials said the Jonesboro hospital was being purchased by Healthstar, a statewide managed care ...
Three Arkansas rehab hospitals involved in merger.
May 29, 1995; ... Care Quality Won't Change, Officials SayThree Rehabilitation hospitals in Arkansas will be part of this summer's merger of two health care giants.Horizon Healthcare Corp. of Albuquerque, N.M., and Continental Medical Systems Inc. of Mechanicsburg, Pa. - which owns ...
Unlike Tyson and Hunt, Dillard has no plans to retire. (Dillard Department Stores Chmn./CEO William Dillard Sr.; Don Tyson; J.B. Hunt)
May 29, 1995; ... In Retail's 'Shakeout Period,' Dillard's Positioned to SurviveWilliam B. Dillard Sr. has seen two of his entrepreneurial friends recently retire and turn their companies' leadership over to others.But Dillard, chairman and chief executive officer of Littel Rock-based ...