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Top News & Analysis Arkansas

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  • Ark. approves Entergy plan to join grid manager Friday, 26 Oct 2012 | 5:41 PM ET

    JACKSON, Miss.-- Arkansas regulators are giving cautious approval to Entergy Corp.' s plans to let an outside group manage power transmission. Entergy wants its utilities to join the Midwest Independent Transmission System Operator, or MISO. Entergy still needs blessings from Mississippi and New Orleans city officials.

  • US drops 13 to 1,826 rigs exploring for oil, gas Friday, 26 Oct 2012 | 2:47 PM ET

    Texas- based oilfield services company Baker Hughes Inc. reported Friday that 1,408 rigs were exploring for oil and 416 were searching for gas. Of the major oil- and gas-producing states, Texas dropped seven rigs and New Mexico fell by 5. Alaska and Oklahoma lost three apiece, and West Virginia was down by two.

  • Ark. storage business to build facility in Joplin Friday, 26 Oct 2012 | 10:57 AM ET

    JOPLIN, Mo.-- Missouri is offering incentives for an Arkansas storage business to open a facility in Joplin. Jay Nixon's administration says Don's Cold Storage could receive more than $1.1 million under several state incentive programs to build a $14 million cold-storage and distribution center.

  • Wal-Mart completes deal with Chinese company Friday, 26 Oct 2012 | 12:37 AM ET

    NEW YORK-- Wal-Mart Stores Inc. announced the completion of its increased investment in a fast-growing Chinese company, as the world's largest retailer looks to broaden its access to a rapidly growing customer base.

  • Ark. AG says deal with drug company to net $489K Friday, 26 Oct 2012 | 12:26 AM ET

    LITTLE ROCK, Ark.-- Arkansas will receive nearly $490,000 under a settlement reached with a pharmaceutical company over allegations it paid kickbacks and improperly marketed drugs. The money will go to the state Medicaid program. The firm was accused of unlawfully marketing drugs for non- FDA- approved illnesses, which led to false Medicaid claims.

  • Ark. AG seeks info on alleged payday lenders Thursday, 25 Oct 2012 | 4:22 PM ET

    LITTLE ROCK, Ark.-- Arkansas Attorney General Dustin McDaniel is seeking information about the practices of three companies he says are engaging in payday lending. The suit says Money Mutual LLC, Selling Source LLC and Partner Weekly LLC are all based from the same address in Las Vegas.

  • Networks, AP changing exit poll strategy Thursday, 25 Oct 2012 | 2:14 PM ET

    NEW YORK-- A growth in early voting and tough economy for the media are forcing changes to the exit poll system that television networks and The Associated Press depend upon to deliver the story on Election Night, all with the pressure-filled backdrop of a tight presidential race.

  • Report: Data spotty that tax break created jobs Wednesday, 24 Oct 2012 | 3:06 PM ET

    MINNEAPOLIS-- Legislation that allowed local governments to direct excess property tax dollars from tax-increment financing districts into other private developments was supposed to kick-start construction hiring in Minnesota, but an examination published Wednesday found evidence of job creation was spotty at best, even as many companies cashed in on the new law.

  • Peco Foods announces expansion in Arkansas Wednesday, 24 Oct 2012 | 2:01 PM ET

    BATESVILLE, Ark.-- Peco Foods says it will add 300 jobs in eastern Arkansas by expanding a feed mill in Newark and a processing plant in Batesville. Peco Foods announced the expansion Wednesday alongside local leaders and Gov. Peco Foods is the eighth-largest poultry processor in the United States.

  • Wal-Mart makes push on Target's Minnesota turf Saturday, 20 Oct 2012 | 7:55 PM ET

    ST. PAUL, Minn.-- Target Corp. may be headquartered in Minneapolis, but that's not stopping Wal-Mart Stores Inc. from making an aggressive push in its rival's home state.

  • 3 bank failures bring US 2012 total to 46 Friday, 19 Oct 2012 | 7:26 PM ET

    WASHINGTON-- Regulators on Friday closed two small banks in Florida and one in Missouri, bringing to 46 the number of U.S. bank failures this year. The Federal Deposit Insurance Corp. seized GulfSouth Private Bank and First East Side Savings Bank, both in Florida. Regulators also shuttered Excel Bank in Missouri.

  • Unemployment rates in US states, at a glance Friday, 19 Oct 2012 | 3:38 PM ET
  • US count up 4 to 1,839 rigs exploring for oil, gas Friday, 19 Oct 2012 | 2:51 PM ET

    Texas- based oilfield services company Baker Hughes Inc. reported Friday that 1,410 rigs were exploring for oil and 427 were searching for gas. A year ago, Baker Hughes listed 2,013 rigs. Of the major oil- and gas-producing states, Alaska gained five rigs while Arkansas, Colorado and North Dakota rose by two each.

  • TV host campaigns for Ark. medical marijuana plan Thursday, 18 Oct 2012 | 2:32 PM ET

    LITTLE ROCK, Ark.-- Talk show host Montel Williams on Thursday accused opponents of an Arkansas ballot measure that would legalize medical marijuana of resorting to "racist" imagery with a television ad featuring an African-American actor portraying a drug dealer.

  • Overnight storms swat Southeast; 4 hurt in Miss. Thursday, 18 Oct 2012 | 10:39 AM ET

    JACKSON, Miss.-- A line of severe storms packing strong winds and possible tornadoes swept across the Southeast overnight, injuring four people in Mississippi, downing power lines and trees and damaging homes around the region, authorities said early Thursday. At least six northern counties in Mississippi reported damage, Rent said.

  • Arkansas: New recycling plant to employ up to 350 Wednesday, 17 Oct 2012 | 11:29 AM ET

    ROGERS, Ark.-- A new $10 million plastics recycling facility is planned for Rogers, Ark. and the company says it will hire up to 350 workers. Nextlife Asset Recovery Services announced Wednesday that it will open a headquarters and processing plant and that it will supply several companies with resin that's used to manufacture new consumer plastic items.

  • Drought recovery workshop set for Pine Bluff, Ark. Wednesday, 17 Oct 2012 | 10:25 AM ET

    PINE BLUFF, Ark.-- The Delta Regional Authority and state and federal agriculture officials are holding a workshop in Pine Bluff, Ark. focusing on drought recovery assistance. The workshop will take place at 9 a.m. Wednesday at the University of Arkansas at Pine Bluff.

  • Target to match some rivals' online prices Tuesday, 16 Oct 2012 | 2:49 PM ET

    NEW YORK-- In the latest effort to beat Amazon.com at its game, Target says that for the first time it will match prices that customers find on identical products at select online competitors this holiday season.

  • Murphy to split off its retail division Tuesday, 16 Oct 2012 | 10:18 AM ET

    EL DORADO, Ark.-- Murphy Oil is splitting in two in order to better focus on the separate tasks of exploration and production, and the sale of gasoline and other goods through its retail locations. Murphy Oil will continue to explore for and produce oil in the U.S., Canada and Malaysia.

  • Murphy to split into separate E&P, retail company Tuesday, 16 Oct 2012 | 9:18 AM ET

    EL DORADO, Ark.-- Murphy Oil is splitting in two in order to better focus on the separate tasks of exploration and production, and the sale of gasoline and other goods through its retail locations. Murphy will become an independent oil exploration and production company focused on the U.S., Canada and Malaysia.