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Arkansas Unemployment Increases to 3.6 Percent

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Arkansas' unemployment rate in October rose to 3.6 percent from 3.5 percent in September, but it was still lower than the 4 percent reported for October 2016.

Mortgages Rates Rise: 30-year Hits 4-month High of 3.95 Percent

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Long-term mortgage rates rose this week to the highest level in months.

Judge Bobby McCallister to Resign Dec. 15

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Saline County Circuit Judge Bobby McCallister on Friday agreed to resign Dec. 15 following disciplinary charges linked to four felony counts related to tax evasion.

New Staff Members Start at Stone Bank in North Arkansas (Movers & Shakers)

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Casey Patrick Whitney has joined Stone Bank in Harrison as assistant vice president and customer service manager, and Melissa Ring is a new customer service representative at the Mountain View office.

With Health Care, Allen Kerr Seeks Freedom from Fed

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Arkansas Insurance Commissioner Allen W. Kerr has over three decades of experience in insurance and financial services.

As Data Breach Costs Rise, Cyber Insurance Looks Good

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Companies are becoming more interested in purchasing cyber liability coverage as they become more aware of data breaches and the damage they can inflict on a business.

Coal Company Digs Hole in Bankruptcy Case

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Mississippi Minerals Inc. in Hartford (Sebastian County) and related companies filed for Chapter 11 bankruptcy protection last week, listing estimated debts of between $50 million and $100 million.

Yellen to Step Down From Federal Reserve Board

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Janet Yellen on Monday submitted her resignation from the Federal Reserve Board to President Donald Trump, announcing that she will leave the board when her successor is sworn in as Fed chairman.

As Interest Rates Rise, Banks Are Paying More For Deposits

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For years after the recession, banks paid next to nothing on deposits — much to the detriment of savers everywhere. Now, banks have increased lending and need more deposits, so they're willing to pay higher interest rates.

Ross Whipple Branches Out, Logs Time Away from Boardroom

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Ross Whipple manages more than 120,000 acres of Arkansas timberland as chairman of the Ross Foundation and president of Horizon Timber Services Inc.

Generations Bank Forecloses on Former Gravette Mayor

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Generations Bank has filed a foreclosure suit in Benton County Circuit Court against a former Gravette mayor who ran a since-closed restaurant.

Ex-Partner Alleges Walter Quinn Used Straw Borrowers

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A former business partner has alleged under oath that he and others served as straw borrowers so that Walter Quinn of Little Rock could access money from Heartland Bank, where Quinn was a director and its leading shareholder.

New Frauds Land John Rogers in Prison

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Testimony at the Nov. 20 bond revocation hearing of serial fraudster John Rogers shed more light on new evidence uncovered by federal investigators.

US New-Home Sales Jumped 6.2 Percent in October

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Americans bought new homes in October at the fastest pace in a decade — a 6.2 percent monthly increase.

US Economy Expanded at Brisk 3.3 Percent Pace

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Led by a rise in business investment, the U.S. economy grew at an annual pace of 3.3 percent from July through September, its fastest rate in three years.

Fed Report: Employers Raising Wages in Tight Labor Market

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Employers in the Federal Reserve's Eighth District, which includes all of Arkansas and parts of six nearby states, say they are raising starting wages and salaries to attract new workers amid a tight labor market.

Bank of the Ozarks Hires Contractor for New HQ

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Bank of the Ozarks has hired CDI Contractors LLC to build its new headquarters in west Little Rock and plans to break ground in December.

US Construction Spending Up a Strong 1.4 Percent in October

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U.S. construction spending surged 1.4 percent in October, the best gain in five months, with all major categories of building posting gains.

Fed Board Member, State Economic Forecaster Assess Economy

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James Bullard, president of the Federal Reserve Bank of St. Louis, fielded questions Friday about President Donald Trump's pick to head the Federal Reserve Board, the GOP tax plan and the future of banking regulations.

Legislative Auditor Roger Norman Examines Where Most Accounting Issues Take Place

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Norman, a past president of the National State Auditors Association, serves on the board of the Arkansas Society of CPAs.
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