Arkansas Business back issues from November 2006:
Baby boomers slow to save for retirement: 'greatest generation' comes to rescue, again.(Wealth Management)
Nov 06, 2006; ... THE FIRST BABY BOOMERS are reaching their 60th birthdays, but the real shock may come when they contemplate retirement. Most didn't start investing in 401(k)s soon enough, and relatively few Arkansas companies offer traditional "defined benefit" pensions. The future of Social ...
Should you bet the house? Homeowners weigh the risks of investing equity.(Wealth Management)
Nov 06, 2006; ... MORE HOMEowners have become comfortable with carrying more debt on their homes and using the residential equity as a cash pool for investment. For many homeowners, two of the biggest factors that affect equity growth have remained favorable for the past several years. ...
Charitable gift annuities: the gift that keeps on giving.(Wealth Management)
Nov 06, 2006; ... GMNG TO CHARITY, GETTING a tax break and locking in an additional stream of income all at the same time is a tempting combination that some financial advisers say has made charitable gift annuities (CGAs) one of the leading planned giving vehicles in the market today. With an ...
Hotel no tell.(Whispers)
Nov 06, 2006 ... During the past year, we've been given a variety of timelines for the reopening of the renovated Capital Hotel in downtown Little Rock. First it was summer 2006, then October. Then sometime later this fall. The latest timeline, according to General Manager Joe Rantisi, is to ...
On Holiday.(Whispers)
Nov 06, 2006 ... More hotel news, as we got word last week that the Holiday Inn Little Rock-Airport East will temporarily close its doors on Nov. 17 to begin a $10 million renovation. The hotel at 3201 Bankhead Drive is expected to be closed nearly 18 months during the makeover, which also ...
Jail time.(Whispers)
Nov 06, 2006 ... In an unusual move, former Little Rock stockbroker Warren Overton volunteered for incarceration at the Pulaski County jail. Overton pleaded guilty Oct. 3 to a federal charge of check-kiting with the expectation that eight other counts of bank fraud will be dismissed. ...
Pass the plate.(Whispers)
Nov 06, 2006 ... Perfecting New Life Full Gospel Baptist Church in North Little Rock has filed for Chapter 11 bankruptcy protection to stop a foreclosure complaint. The financial problems first appeared earlier this year when the church defaulted on two loans from National Bank of Arkansas that ...
Indictment confirmed.(Whispers)(fraud)(Brief article)
Nov 06, 2006 ... Not that we weren't sure when we whispered it two weeks ago, but for the record: Jim Bolt, John Dodge, Melvin Robinson and Leroy Hoback have, in fact, been indicted by a federal grand jury in Fayetteville on nine felony counts related to their attempts to raise capital for a ...
College degree equals $$$.(Editorial)(Brief article)
Nov 06, 2006 ... A REPORT LAST MONTH added fuel to the fire on why Arkansans need to place a greater emphasis on getting a college education. Data from the Census Bureau showed that a bachelor's degree is worth about an extra $23,000 a year. College graduates made an average of ...
Free press, free society.(Editorial)
Nov 06, 2006 ... IT WAS A BIT JARRING TO READ that the United States ranked 53rd in the Reporters Without Borders' latest annual survey on press freedom, its Worldwide Press Freedom Index. The three worst violators of flee expression were the usual suspects: North Korea, which was ranked 168th, ...
Bank deposit mania.(Editor's Note)
Nov 06, 2006; ... ARKANSASBUSINESS.COM PUT out a "breaking news e-newsletter on the Friday afternoon in October that the Federal Deposit Insurance Corp. issued its annual "summary of deposits." Last week, Arkansas Business devoted pages and pages to the minute changes in deposit market share of banks ...
High-rise transaction.(Real Deals: A Look at Important Real Estate Transactions)
Nov 06, 2006; ... A 600,000-SF office building in downtown Little Rock tipped the scales at $37.2 million. A group of limited liability companies controlled by Triple Net Properties LLC of Santa Ana, Calif., bought the 30-story Regions Center at 400 W. Capitol Ave. from Regions Bank. ...
Industrial sale I.(Real Deals: A Look at Important Real Estate Transactions)(Caleast NAT LLC of Annapolis)(Brief article)
Nov 06, 2006; ... Adjoining industrial properties in east Little Rock changed hands in a $3.25 million transaction. Caleast NAT LLC of Annapolis, Md., acquired the 3.2-acre warehouse property at 1803 E. 22nd St. and almost 10.9-acre truck terminal project at 2301 Bolton St. from Ben and Diane ...
Industrial sale II.(Real Deals: A Look at Important Real Estate Transactions)(LR Ark Property LLC of Columbus)(Brief article)
Nov 06, 2006; ... A Maumelle industrial property is under new ownership after an $890,000 deal. LR Ark Property LLC of Columbus, Ohio, purchased the 8.1-acre location at the north end of Sharkey Drive from Burkhalter Leasing LLC, led by John Burkhalter. ...
Acreage acquisition.(Real Deals: A Look at Important Real Estate Transactions)(Hundley Family Ltd)(Brief article)
Nov 06, 2006; ... About 58 acres in west Pulaski County drew an $884,000 transaction. Gene Ludwig bought the land south of County Farm Road along the Little Maumelle River from Hundley Family Ltd., led by Jeanice Hundley and John Hundley ...
Broadway buy.(Real Deals: A Look at Important Real Estate Transactions)
Nov 06, 2006; ... A pair of commercial properties in North Little Rock rang up a $650,000 sale. Somers Enterprises Inc., led by Sheila Somers, acquired a small apartment complex at 4624 E. Broadway and a carwash at 4627 E. Broadway. The seller is Buckler Management Inc., led by Allen Buckler. ...
Ag purchase.(Real Deals: A Look at Important Real Estate Transactions)(Riverfront Industrial Park Inc)(agribusiness development )(Brief article)
Nov 06, 2006; ... An agribusiness development in North Little Rock sold for $613,000. Frank Vallot purchased the 2 Oakley Drive project from Mid-South Seed Inc. of North Little Rock. The deal is ...
Carwash property.(Real Deals: A Look at Important Real Estate Transactions )(Abbott Moore Enterprises LLC acquisitions)(Brief article)
Nov 06, 2006; ... A carwash project in southwest Little Rock changed hands in a $550,000 deal. Abbott Moore Enterprises LLC, led by James and Michelle Moore, bought the 10000 Mabelvale West Road development from the namesake revocable trusts of Richard and Katherine Meyer. The deal ...
Chenal sale.(Real Deals: A Look at Important Real Estate Transactions)(Rees Development Inc)(Brief article)
Nov 06, 2006; ... A 5,000-SF home in west Little Rock's Chenal Valley neighborhood is under new ownership after a $772,000 sale. Judith Tenenbaum acquired the house from Rees Development Inc., led by John Rees. ...
Walton heights abode.(Real Deals: A Look at Important Real Estate Transactions)
Nov 06, 2006; ... A 3,420-SF home in west Little Rock's Walton Heights neighborhood drew a $715,000 transaction. Marcus and Carol Fisher purchased the house from Christopher and Jennifer Ligon. The deal was funded with a 30-year ...
Normandy home.(Real Deals: A Look at Important Real Estate Transactions)(Brief article)
Nov 06, 2006; ... A 4,461-SF home in the Normandy neighborhood of Little Rock rang up a $643,000 sale. Christopher and Christy Catlett bought the house from Shannon and William Otto Jr. The deal is backed with a one-year loan of ...
River ridge residence.(Real Deals: A Look at Important Real Estate Transactions)
Nov 06, 2006; ... A 3,383-SF home in Little Rock's River Ridge Pointe neighborhood sold for $530,000. C.S. and Amy Schuh acquired the house from the Irrevocable Credit Shelter Trust, led by William Riley. The deal is financed with a 15-year loan of ...
Captain funding.(Real Deals: A Look at Important Real Estate Transactions)
Nov 06, 2006; ... Two seafood eateries were used to help secure a $430 million funding agreement. SHN Properties LLC of Nashville, Tenn., obtained the loan from JP Morgan Chase Bank of Chicago. The limited liability company purchased the Captain D's restaurants at 1109 W. Main St. in ...
Stanley Inc. to bring 150 jobs to Hot Springs.(MANUFACTURING)(Brief article)
Nov 06, 2006; ... Stanley Inc., a leading provider of systems integration and professional services to the federal government, will open a new facility in Hot Springs next spring, bringing 150 "full-time equivalent" jobs to the area. Spokesmen for Stanley and the Greater Hot Springs Chamber of ...
Calpaco Papers to open McCrory production plant.(Inside Business)(Brief article)
Nov 06, 2006; ... Calpaco Papers Inc. will open a production facility at McCrory, where it will convert large rolls of paper into sheets and smaller rolls for use by commercial printers, printing brokers and other paper merchants for resale. The company will move into the former 770,000-SF ...
Eastman completes sale of Batesville plant.(Inside Business)
Nov 06, 2006; ... Eastman Chemical Co. of Kingsport, Tenn., has completed the sale of its wholly owned subsidiary, Eastman SE Inc., to FutureFuel Corp. of St. Louis. Included in the sale is Eastman's Batesville plant, as well as related assets and product lines. The Arkansas plant and its related ...
Safe Foods files petition to expand use of Cecure.(Inside Business)
Nov 06, 2006 ... Safe Foods Corp. of North Little Rock wants the Food & Drug Administration to amend food additive regulations to allow the company's patented antimicrobial agent to be used in more points along the poultry processing line, said CEO Curtis Coleman. The company has filed a ...
Moses Tucker plans $80 million downtown development.(In Full View)
Nov 06, 2006; ... REAL ESTATE DEVELOPERS JIMMY MOSES and Rett Tucker were set to unveil on Friday plans for River Market Place, a new $80 million development to be constructed at Third and Rock streets in downtown Little Rock. The 500,000-SF, mixed-use development will feature the River Market ...
Wal-Mart's sales slow; flat November foreseen.(Public Company Reports)
Nov 06, 2006 ... Wal-Mart Stores Inc. said total U.S. same-store sales for October increased only 0.5 percent and that it expected November same-store sales to be flat as well. The world's largest retailer cited soft apparel sales, particularly in women's apparel, the continued "negative ...
Dillard's same-store sales for October fall 5 percent.(Public Company Reports)
Nov 06, 2006 ... Dillard's Inc. said same-store sales for October were down 5 percent. Sales for the four weeks ended Oct. 28 were $474 million compared with sales of $488 million during the same month last year. Total sales dropped 3 percent for the four-week period. Analysts were expecting ...
First Federal sees decline in third-quarter income.(Public Company Reports)
Nov 06, 2006 ... First Federal Bancshares of Arkansas Inc. of Harrison, the savings and loan holding company for First Federal Bank, posted third-quarter net income of $1.7 million, or 33 cents a share, compared with $2 million, or 39 cents a share, during the same period of 2005. Year-to-date ...
Alltel revises report on third-quarter earnings.(Public Company Reports)
Nov 06, 2006 ... Alltel Corp. revised its third-quarter earnings report, changing the manner in which the Little Rock wireless carrier accounted for income from the spinoff of wireline firm Windstream Communications of Little Rock. In the original third-quarter earnings release on Oct. 27, ...
Number of real estate agents still increasing.(NW Journal: A Look at News From Northwest Arkansas)
Nov 06, 2006; ... Alicia Demarest, the president of the Metro Board of Realtors, is seeing a steady rise in the number of agents entering the market. The Metro Board of Realtors, which covers Washington County, has already added 350 members this year, including 25 in September. The Metro Board ...
Developers to build sewer system for city.(NW Journal: A Look at News From Northwest Arkansas)
Nov 06, 2006; ... Brett Hash of Re/Max Associates of Fayetteville and six other developers are planning to build an $8 million STEP sewer system, which on completion will be given to the city of Cave Springs. Individual septic systems are now the only method of handling waste in Cave Springs. ...
$100 million project to include Sheraton.(NW Journal: A Look at News From Northwest Arkansas)
Nov 06, 2006; ... Paul Myer, through his Upscale Companies LLC and its subsidiaries, broke ground on Oct. 26 on a $100 million project in Rogers. Myers Ranch sits on 18.47 acres and will include a Sheraton Hotel along with five lots of office, restaurant and retail space. The Sheraton, ...
Mississippi county keeps quiet on potential project.(NE Journal: A Look at News From Northeast Arkansas)(Brief article)
Nov 06, 2006; ... Mississippi County officials aren't saying much about a company that's checking out the landscape. The Mississippi County Quorum Court recently approved $10,000 for a wage and work force analyst and $17,000 for a title and property search related to the unnamed project, said ...
Jonesboro considering improvements to roads.(NE Journal: A Look at News From Northeast Arkansas)
Nov 06, 2006; ... The city of Jonesboro is sifting through recommendations on how to improve its roads. A few years ago, the southwest part of town expected the construction of a new shopping mall, said Tony Thomas, project administrator for the city. The city commissioned a study to ...
Morgan Quitno.(Business Briefs)(dangerous cities rankings)(Brief article)
Nov 06, 2006 ... * Little Rock is ranked 23rd in the latest rankings of the most dangerous cities in America, up two spots from 2004. Morgan Quitno, an independent research company, ranks the cities based on ...
John Albert Cobb, 43, of Lonsdale and Ethon Allen V. Boyer, 19, of Malvern were killed in an explosion last week at Arkansas Aluminum Alloys, an aluminum recycling plant east of Hot Springs.(Business Briefs)
Nov 06, 2006 ... * John Albert Cobb, 43, of Lonsdale and Ethon Allen V. Boyer, 19, of Malvern were killed in an explosion last week at Arkansas Aluminum Alloys, an aluminum recycling plant east of ...
BancorpSouth Inc. of Tupelo, Miss., is buying City Bancorp, the parent company of Signature Bank of Springfield, Mo., for $170 million.(Business Briefs)
Nov 06, 2006 ... * BancorpSouth Inc. of Tupelo, Miss., is buying City Bancorp, the parent company of Signature Bank of Springfield, Mo., for $170 million. City Bancorp shareholders would receive 50 percent cash and 50 percent ...
EagleOne Logistics, a privately owned logistics and transportation provider at Fort Smith, has been named to Inc. magazine's "Fastest Growing Companies in America" list.(Business Briefs)
Nov 06, 2006 ... * EagleOne Logistics, a privately owned logistics and transportation provider at Fort Smith, has been named to Inc. magazine's ...
The Salvation Army is recruiting community volunteers to staff the Angel Trees at McCain Mall in North Little Rock and Park Plaza Mall in Little Rock.(Business Briefs)
Nov 06, 2006 ... * The Salvation Army is recruiting community volunteers to staff the Angel Trees at McCain Mall in North Little Rock and Park Plaza Mall in Little Rock. People willing to ...
Classes begin Nov. 7 for the Government Contracting Course offered by the Arkansas Procurement Assistance Center, an economic development program of the University of Arkansas Cooperative Extension Service.(Business Briefs)
Nov 06, 2006 ... * Classes begin Nov. 7 for the Government Contracting Course offered by the Arkansas Procurement Assistance Center, an economic development program of the University of Arkansas Cooperative Extension Service. Information and ...
Bad Boy Inc. of Batesville has signed a 10-year lease with an option to buy the 100,000-SF former Boeing Co. plant at Melbourne, where it will produce its new multi-terrain vehicle.(Business Briefs)
Nov 06, 2006 ... * Bad Boy Inc. of Batesville has signed a 10-year lease with an option to buy the 100,000-SF former Boeing Co. plant at ...
International Paper Co. has completed the previously announced sale of 900,000 acres of forestland in Louisiana, Texas and Arkansas to TimberStar Southwest, whose lead investor is TimberStar, a subsidiary of iStar Financial Inc., for about $1.13 billion in cash and notes.(Business Briefs)
Nov 06, 2006 ... * International Paper Co. has completed the previously announced sale of 900,000 acres of forestland in Louisiana, Texas and Arkansas to TimberStar Southwest, whose lead investor is TimberStar, a subsidiary of iStar Financial Inc., for about $1.13 billion in cash and notes. The deal was ...
John Heflin Jr., 61, a Little Rock businessman and philanthropist, died Oct. 26 after battling cancer.(Business Briefs)
Nov 06, 2006 ... * John Heflin Jr., 61, a Little Rock businessman and philanthropist, died Oct. 26 after battling cancer. Heflin and his father, the late John "Jay" Heflin Sr., built a Terminix franchise into one of the largest termite and pest control businesses in the country. After the franchise was ...
Entergy Mississippi.(Business Briefs)
Nov 06, 2006 ... * Entergy Mississippi has received an $81.4 million federal grant to help pay the cost of restoring customers' power after Hurricane ...
What was to be Bali-Hai Casino Hotel at Greenville, Miss., has changed its name to Harlow's Casino Resort.(Business Briefs)
Nov 06, 2006 ... * What was to be Bali-Hai Casino Hotel at Greenville, Miss., has changed its name to Harlow's Casino Resort. Developers Rick Schilling and Lanny Holbrook of SW Gaming LLC want to bring back the Art Deco style of ...
North Arkansas Regional Medical Center at Harrison has been awarded a three-year term of accreditation.(Business Briefs)
Nov 06, 2006 ... * North Arkansas Regional Medical Center at Harrison has been awarded a three-year ...
Politicos may not, but Doe's food delivers on promises.
Nov 06, 2006 ... THE ELECTIONS ARE ALMOST here, and, what's even better, almost over. But no matter which candidates win and which lose, we expect a few things to stay the same. Just down the street from the State Capitol, Doe's Eat Place will continue to serve up dishes to the power-hungry and ...
Gold, jewelry provide safe haven investments.(Wealth Management)
Nov 06, 2006; ... NO ONE IS GOING TO BECOME an instant millionaire by investing in jewelry or precious metals. No one is going to go completely bust, either. If gold and diamonds offer anything outside of pure luster, it's a safe haven for investors who want to diversify their portfolios. The ...
Employees scaling back retirement expectations.(Notes)
Nov 06, 2006 ... Employees are scaling back their expectations and ambitions for life in retirement, as they realize they're not saving enough to support the lifestyle they envisioned, according to the latest Mercer Workplace Survey. The survey is a national study of employee attitudes and ...
Mutual fund assets top $10 trillion.(Notes)
Nov 06, 2006 ... U.S. mutual fund assets passed the $10-trillion mark for the first time in the third quarter. Gains by Vanguard Group and American Funds help them join Fidelity Investments as trillion-dollar mutual-fired managers in the third quarter, giving those three firms nearly a third of ...
Bank of America goes after rich clients.(Notes)
Nov 06, 2006 ... Bank of America Corp. has launched a new managed investment advisory account that will allow wealthy clients access to a wide range of investments in a single account. The new program, Portfolio Strategies-Managed, will initially be available to affluent clients through Bane of ...
Benefits and costs changing in 2007.(cost of living)(Brief article)
Nov 06, 2006 ... Adjustments are made to both government payments and certain benefit costs each year based on the cost of living of the previous year. Here are some that could affect spending or budget plans in 2007: * The maximum contribution to 401(k), 403(b), and 457 plans has ...
Arvest displays Wal-Mart family resemblance.(Wealth Management)
Nov 06, 2006; ... MUCH LIKE THE BANK THAT owns it, Arvest Asset Management of Rogers started off as a side project. Sam Walton, founder of Wal-Mart Stores Inc. of Bentonville, bought controlling interest in the Bank of Bentonville on Aug. 31, 1961, as an investment opportunity. It eventually ...
Breakaway partners claim most of Hutchinson/Ifrah assets.(List Overview)(Hutchinson/Ifrah Financial Services Inc.)
Nov 06, 2006; ... RECENT FILINGS WITH THE Securities & Exchange Commission indicate that Patrick Ifrah and the colleagues who left Hutchinson/Ifrah Financial Services Inc. of Little Rock in January took three-quarters of the managed assets with them. In March 2005, Hutchinson/Ifrah reported ...
Arkansas Business list: money managers.(Wealth Management)
Nov 06, 2006; ... <Pre> Arkansas Business List: Money Managers Ranked by assets under management Assets Under Firm Management Assets in Private Address, Phone, Fax, No. of Accounts Funds Web Site ...
Arkansas Business list: largest broker dealers.(Wealth Management)
Nov 06, 2006; ... <Pre> Arkansas Business List: Largest Broker Dealers Ranked by number of licensed agents in Arkansas Firm No. of Registered Net Worth AddressRepresentatives Fiscal Year End Phone Arkansas Contact...
Chappell Mitchell Farmers Insurance Agency.(New Businesses: A Listing of Business Start-Ups in Arkansas)(Company overview)
Nov 06, 2006; ... CHAPPELL MITCHELL FARMERS INSURANCE AGENCY Owner: Chappell Mitchell Address: 323 Center St., Suite 1275, Little Rock 72201 Phone: (501) 374-2735 Fax: (501) 244-0903 Hours: 8 a.m.- 5 p.m. Mon.-Fri. Start-up: February 2005 E-mail: cmitchell2@farmersagent.com Chappell ...
Party Hardy.(New Businesses: A Listing of Business Start-Ups in Arkansas)(Company overview)
Nov 06, 2006; ... PARTY HARDY Owners: Jason and Cindy Smith Address: 3907 Camden Road, Suite 1, Pine Bluff 71603 Phone: (870) 879-6677 Fax: (870) 879-6677 Hours: 10 a.m.-5:30 p.m. Mon., Tues., Thur., Fri. 9 a.m.-2 p.m. Sat. Closed Wed. and Sun. Start-up: December 2005 Former ...
Calendar.(Calendar)
Nov 06, 2006 ... * 8--Customer focused Selling Skills Seminar Time: 9 a.m.-noon Location: Arkansas Tech University, Russellville Fee: $75 For more information, call (479) 964-0541 * 8--Negotiating and Closing Skills Training Time: 1 p.m.-4 p.m. Location: Arkansas Tech University, Russellville ...
Chris Monroe has joined BellCorley Construction of Little Rock.(CONSTRUCTION)
Nov 06, 2006 ... Chris Monroe has joined BellCorley Construction of ...
Nabholz Construction Corp.(CONSTRUCTION)
Nov 06, 2006 ... Clay Gordon has been promoted to director of business ...
Melissa "Missy" Burrow of Jonesboro, Robin Tripod Patten of Paragould and David L. Smalley of Cordova, Tenn., have been named distinguished alumni of the College of Nursing & Health Professions at Arkansas State University at Jonesboro.(EDUCATION)
Nov 06, 2006 ... Melissa "Missy" Burrow of Jonesboro, Robin Tripod Patten of Paragould and David L. Smalley of Cordova, Tenn., have been named distinguished alumni of the College of Nursing & Health Professions at Arkansas State University at Jonesboro. Burrow has been a cancer care specialist-RNP for the ...