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Fed Cuts Rates for 3rd Time This Year

The Federal Reserve cut its benchmark interest rate Wednesday for the third time this year to try to sustain the economic expansion in the face of global threats. But it hinted that it won't likely cut...

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Grain Management Completes Deal for Stake in Ritter

Grain Management of Washington, together with E. Ritter and Co., announced Friday that it has completed its acquisition of a majority stake in Ritter Communications.

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Jonesboro Draws More Competitors to Lending Field

Forrest City’s Armor Bank and Little Rock’s Encore Bank have entered the Jonesboro market with loan production offices in advance of plans to open full-service locations.

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Parham Pointe Apartments Attracts $15.1 Million Sale (Real Deals)

An affiliate of Provident Investments of Birmingham, Alabama, acquired the 184-unit apartment project in Little Rock from LFC Properties LLC, led by Larry Williford.

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United Federal Credit Union Hires Two in Rogers (Movers & Shakers)

Jason Trenary has been appointed senior commercial loan officer and group manager for United Federal Credit Union in Rogers, and Jennifer Hodge is the new commercial loan officer.

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NanoMech Uncovers Top Secret Dealings

The Delaware bankruptcy of Springdale’s NanoMech Inc. has taken a bizarre cloak-and-dagger turn: Former CEO Jim Phillips, under oath in September, cited “national security” when refusing to answer...

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First Horizon to Buy IberiaBank, Form $75B Company

First Horizon National Corp. of Memphis will purchase IberiaBank Corp. of Lafayette, Louisiana, in a deal that would form a company with $75 billion in assets.

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Abernathy: Workforce Improvement the Key to Growing Business in Arkansas

Arkansas must improve its workforce because a skilled labor pool attracts economic development projects, Ted Abernathy said at the annual Arkansas State Chamber/Associated Industries of Arkansas.

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Randy Sims Retires From Home BancShares

Home BancShares Inc. of Conway announces that long-time company executive Randy Sims has retired.

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Anna Tucker Ashton Talks China Trade, Risks and Opportunities

Anna Tucker Ashton, senior director of government affairs at the U.S.-China Business Council, spoke to Arkansas Business on Friday about the trade war and its effects here.

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Redefining Corporate Governance (French Hill Commentary)

Rather than continue to add more hot air to the BRT debate, let’s embrace the reality that corporations can, and should, focus on both what’s best for shareholders and the larger community.

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U.S. Wealth Distribution Measured by Percentile Group

In the second quarter of 2019, Americans held $107.13 trillion in total wealth, with sharp distinctions based on the wealth percentile in which they find themselves.

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Brokers, Trust Units Stable; Money Managers Up in Arkansas

A surge in assets under management by registered investment advisory firms in North Little Rock, Fayetteville and Little Rock has shaken up this year’s list of money managers in Arkansas.

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East Harding Construction Succeeds at Succession Plan

East Harding Construction has completed a 10-year buyout plan making Van Tilbury the sole owner, and executives are sharing how they went about it.

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The Appearance Of Wealth (Gwen Moritz Editor's Note)

I feel compelled to make this point every year or two, since it is the most important lesson I’ve learned from two decades as your business editor: Wealth and the appearance of wealth are two different...

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SEC, Labor Seek Compromise on Fiduciary Duties

Bill Sowell, a registered investment adviser in North Little Rock, embraces a legal obligation to put clients’ financial interests first. And he’s frustrated that the requirement doesn’t apply to...

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FHLB Dallas Awards Arkansas $2M in Affordable Housing Grants

The Federal Home Loan Bank of Dallas announces $16 million in Affordable Housing Program grants, including $2 million dedicated to projects in Arkansas.

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First Financial Bank, Farmers Bank & Trust Close Acquisitions

A pair of south Arkansas bank companies completed acquisitions this month.

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Small Companies, Tech Still Grapple with Lack of Investors

Brett Palmer, president of the Small Business Investor Alliance, says there is a gap in access to capital and closing that gap is critical to economic growth.

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Jim Cargill Recognized by World Services for the Blind (Movers & Shakers)

Jim Cargill, president and CEO of Arvest Bank for central, northeast and southwest Arkansas, will be honored by World Services for the Blind with the organization’s 19th Annual Vision Award.

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