Arkansas Business - Articles

43,162 total articles

Business magazine on the Arkansas business community, covering people and recent news events statewide.

Arkansas Business back issues from June 1991:

Category killers. (new office supply retailers offer huge selections at warehouse club prices)(includes related article on Sam's Wholesale Club's marketing efforts)

Jun 03, 1991; Ford, Kelly ... Category Killers New Office Supply Retailers Take Aim At Mom, Pop And Sam Computer-paper fighter planes. Rubber-band missiles. It's war in the office supply business, and Little Rock is a major battlefield. With the grand opening of ...

Worthen's ace in the hole. (Worthen Banking Corp. wins in appeal to Internal Revenue Service for more tax credits)

Jun 03, 1991 ... Worthen's Ace In The Hole Although the press continues to overlook the situation, bank observers are aware that Worthen Banking Corp.'s record earnings the past few years have been boosted by hefty tax-loss carry forwards from the mid-1980s. Last year, for example, ...

Secret herbs and spices. (Kentucky Fried Chicken to buy 182 franchises from Scott's Food Service)

Jun 03, 1991 ... Secret Herbs And Spices On May 17, Kentucky Fried Chicken's corporate offices announced that the company intended to buy 182 franchises from Scott's Food Services. Some of those stores are in the Little Rock area. A spokeswoman at Scott's Austin, Texas, headquarters ...

In the bank. (Guy Humphries replaces Randy Johnson as president at First Exchange Bank)

Jun 03, 1991 ... In The Bank Did you hear that First Exchange Bank of Little Rock has a new president and CEO? We did. His name is Guy Humphries, and he's a new addition to the First Exchange family of banks. Humphries is replacing Randy Johnson, who will move ...

Breakfast at Bard's. (Jeff Sharp takes over Bard's Family Restaurant and preserves its tradition of service) (company profile)

Jun 03, 1991; Rengers, Carrie ... Breakfast At Bard's A 31-Year-Old Little Rock Restaurant Gets A New Owner While Trying To Preserve Tradition It is just before 8 a.m. A blinding sun greets Tuesday drivers on Interstate 630 as they head for work following the long Memorial Day weekend. ...

In search of equalization. (taxing personal property )

Jun 03, 1991; Waldon, George ... In Search Of Equalization Personal Property Worth Millions Draws Scrutiny In a Balancing Act Of Taxes Amendment 59, approved by the voters in November 1978, focused statewide attention on real property taxes and the inequities of appraisals on land and buildings vs ....

Are raw materials getting a raw deal? (Omega Tube & Conduit Corp.'s suit against Pulaski county which claims that all raw materials may be taxed)

Jun 03, 1991 ... Are Raw Materials Getting A Raw Deal? The legal wheels keep turning -- albeit slowly -- in the lawsuit filed by Omega Tube & Conduit Corp. against Pulaski County. And there's no apparent end in sight. The Japanese company is challenging the county's authority ...

Divided they stand. (reaction to imposition of sales tax on used cars)

Jun 03, 1991; Rengers, Carrie ... Divided They Stand Jury Still Out A Month After Imposition Of Sales Tax On Used Cars A tax on used cars? That's unconscionable. It's un-American," says the Big Man, his face tightly pressed against the camera lens and beaming into thousands of Arkansas homes. ...

Hotel profiles.

Jun 03, 1991; Gibson, Carolyn ... Hotel Profiles Heritage Inn 900 E. Center St. Harding University Searcy Unique University Conference Center Includes Hotel With 50 rooms, the Heritage Inn at Searcy doesn't rank among Arkansas' largest hotels. But the Heritage Inn is unique because it is ...

Arlington Hotel state's largest and most historic hostelry. (Arkansas Business Rankings) (company profile)

Jun 03, 1991; Gibson, Carolyn ... Arlington Hotel State's Largest And Most Historic Hostelry The Arlington Hotel: Central Avenue & Fountain Street, Hot Springs The Arlington Resort Hotel & Spa at Hot Springs was the state's largest hotel when it opened in 1875 with 120 rooms. The original ...

Selling talk radio. (competition between Little Rock, Arkansas AM radio stations for advertisement market)

Jun 10, 1991; Rengers, Carrie ... Selling Talk Radio Three AM Stations Seek Their Niches In A Dwindling $1.1-Million Ad Market If KARN-AM, 920, is the "news authority," where does that leave the other three news-talk AM stations in the Little Rock market? Struggling. There is ...

Worthen's closer look. (Worthen Banking Corp. will scrutinize Frst Savings of Arkansas's employees before buying it)

Jun 10, 1991 ... Worthen's Closer Look Employees at First Savings of Arkansas recently were asked to give employee authorization forms allowing Worthen Banking Corp. to review their personnel files. How come? As one of the potential bidders for the approximately $600-million ...

Exploding law firm. (House Wallace Jewell law firm's dissolution affects TCBY Tower's income)

Jun 10, 1991 ... Exploding Law Firm The TCBY Tower's current troubles started in earnest in early 1990. When the House Wallace Jewell law firm splintered that January, its office leases were restructured. The immediate result was that the 40-story building was faced with the loss of 9 ...

Settlement near. (TCBY Tower to settle obligations with Texas Teachers Retirement System)

Jun 10, 1991 ... Settlement Near Our sources tell us that a settlement in the TCBY Tower negotiations with the Texas Teachers Retirement System is close and could be announced within weeks. Expect to see the interest rate on the loan sliced from its current 10 percent to somewhere in ...

No IPO yet. (USA Truck Inc.'s reported initial public offering)

Jun 10, 1991 ... No IPO Yet We heard Arkansas was about to have another publicly traded company in USA Truck Inc. of Fort Smith, but Chairman Breck Speed says no. "It is true that we will want an investment banker at some time, but it is not true we are going public now," Speed says. ...

Crime does pay. (former FirstSouth S&L executive Howard J. Wiechern helps prosecute accounting firm Deloitte Haskins and Sells for misreporting of financial statements)

Jun 10, 1991 ... Crime Does Pay We heard that ex-FirstSouth S&L executive Howard J. Wiechern Jr. is being paid $500 a day by the Chicago law firm of Hopkins and Sutter, but we couldn't reach Wiechern to confirm it. The law firm filed a $400-million lawsuit last summer in U.S. District ...

Some clack about Tyson's. (Tyson Foods Inc.'s rumored merger with CPC International)

Jun 10, 1991 ... Some Clack About Tyson's The clack on the street is that $3.8-billion Tyson Foods Inc. is talking with CPC International, a $5.8-billion food conglomerate based in New York. Talking about what? At the recent grand opening of Tyson's Pine Bluff plant, ...

What's that chicken worth? (Tyson Foods Inc.'s financial predicament is due to huge acquisition cost of Holly Farms)

Jun 10, 1991 ... What's That Chicken Worth? One analyst pointed out to us that Tyson actually has a negative net worth because of the large amount of goodwill it paid for in the Holly Farms takeover last year. That might make an acquisition difficult now. In-state financing, however -- ...

City in bloom; three decades of 30 percent growth, and Conway is poised for more in the '90s.

Jun 10, 1991; Waldon, George ... City In Bloom Three Decades Of 30 Percent Growth, And Conway Is Poised For More In The '90s The outward signs of economic growth aren't difficult to find in the Faulkner County seat. Subdivisions and houses are sprouting up all over western Conway as the city ...

There's more than sex to 1-900. (use of satellite technology in gambling information services)

Jun 10, 1991; Ford, Kelly ... There's More Than Sex To 1-900 Sports Tip Lines Are Part Of $2-Billion Industry, Arkansas Entrepreneurs Are In The Game Every few minutes, horses or dogs are running around a track somewhere. And every few minutes, fortunes ride on the outcome. ...

The little bank that wants to. (Conway investors seek charter for First Community Bank)

Jun 10, 1991 ... The Little Bank That Wants To Conway is home to three insolvent savings and loans branches, two other thrift operations and two banks. The backers of First Community Bank would like to become bank No. 3 in a market with total 1990 deposits of $409.27 million. ...

All-Star Personnel Agency. (New Businesses)

Jun 10, 1991; Harper, Kim ... All-Star Personnel Agency Owner: Gary Garner Address: 10310 W. Markham St., Little Rock, 221-9543 Start-up date: May 1 All-Star Personnel Agency offers job seekers an employment service without a "budget-busting" commission. Owner Randy Garner says his agency ...

Quantum Machine Works, Inc. (New Businesses)

Jun 10, 1991; Harper, Kim ... Quantum Machine Works, Inc. President: Gary Stansell Address: P.O. Box 250088, Little Rock, 758-2083 Start-up date: May With experience in hydraulic and pneumatic systems and components, Gary Stansell of Quantum Machine Works says he hopes "to fill a void that has been ...

C.J.'s Treasure Chest. (New Businesses)

Jun 10, 1991; Harper, Kim ... C.J.'s Treasure Chest Owner: Charla Thacker Address: 7801 Cantrell Road, Little Rock, 228-0363 Start-up date: May Charla Thacker's venture combines a clothing boutique and a tanning salon. The clothing section of the shop contains casual wear and jewelry for ...

Wise Home Builders. (New Businesses)

Jun 10, 1991; Harper, Kim ... Wise Home Builders Owner: A.C. Bridges Address: 1011 S. County Line Road., Little Rock, 796-3625 Start-up date: January A.C. Bridges has been in construction-related businesses since the early ...

Dr. Satellite. (New Businesses)

Jun 10, 1991; Harper, Kim ... Dr. Satellite Owners: Ron Adams and Keith Dodd Address: 5217 John F. Kennedy Blvd., North Little Rock, 753-2726 Start-up date: May Home and commercial satellite sales, installation, repair and upgrading are the services offered by Dr. Satellite. Keith Dodd, ...

Bloodreams Publications. (New Businesses)

Jun 10, 1991; Harper, Kim ... Bloodreams Publications Owner: Kelley Atlas Address: 1312 W. 43rd St., North Little Rock, 771-2047 Start-up date: May Bloodreams Publications is planning a new and very different magazine for Arkansas. The quarterly magazine will be called Bloodreams Magazine ...

Steps. (New Businesses)

Jun 10, 1991; Harper, Kim ... Steps Owner: Kathe Hogue Address: 11220 Rodney Parham Road, Little Rock, 221-2366 8201 Cantrell Road, Little Rock, 223-2514 Start-up date: Jan. 1 Kathe Hogue leases the shoe department at B. Barnett, a women's fashion store with locations on Rodney Parham Road and at ...

Motel 6. (New Businesses)

Jun 10, 1991; Harper, Kim ... Motel 6 Manager: John Scott Thompson Address: 9709 Interstate 30, Little Rock, 568-1200 Start-up date: April 18 Motel 6, one of the country's leading budget chains, has taken over the former Regal 8 Motel. The facility is being upgraded with ...

20th Street Food Market. (New Businesses)

Jun 10, 1991; Harper, Kim ... 20th Street Food Market Owners: Eddie Mae Hayes and Dr. Archie Hearne Address: 1223 W. 20th St., Little Rock, 376-9956 Start-up date: Jan. 23 20th Street Food Market is located on an established corner for the grocery business. Grocery stores have been located there for ...

Japan controls largest foreign corporation but not the most. (foreign investments in Arkansas)

Jun 10, 1991; Gibson, Carolyn ... Japan Controls Largest Foreign Corporation But Not The Most Foreign companies have invested in everything from insurance to vanilla wafers in Arkansas. Most of the foreign investments (84 percent) are in manufacturing facilities, according to figures from the Arkansas ...

Who is Moe Hickey? (Maurice L. Hickey, president and publisher of the Arkansas Gazette newspaper)(includes related article)

Jun 17, 1991; Rengers, Carrie ... Who Is Moe Hickey? When W.R. "Witt" Stephens sits down to another of his famous daily luncheons in the Stephens Building, he might join political pals such as Orval Faubus, religous leaders such as Catholic High School's Father George Tribou or multimillionaire businessmen such ...

Buying a Subaru? (Arkansas Power & Light Co. plans to occupy former Subaru building)

Jun 17, 1991 ... Buying A Subaru? We heard that Arkansas Power & Light Co. is looking at the empty Subaru building at the Litte Rock Port Industrial Park. Bob Morehead, AP&L's executive director of administration services, says the company is "considering, for economical and efficiency ...

A how-to lesson. (layoffs at Acxiom Corp.)

Jun 17, 1991 ... A How-To Lesson We understand Acxiom Corp. was not a pleasant place to be a couple of weeks ago when the company laid off 115 employees, many of them at the Conway headquarters. The 7 percent reduction in personnel came in the wake of an announcement that profits for ...

Alltel's wetland problem. (Alltel Corp. continues building construction in spite of charge that they are destroying a wetland area)

Jun 17, 1991 ... Alltel's Wetland Problem We wondered why Alltel Corp. is continuing work on the construction of its new building in light of the charge by the U.S. Army Corps of Engineers that the construction is destroying a wetland area. Ron Helton, a Corps spokesman, says the ...

John McKay on the move. (Prudential McKay Properties moves to new building)

Jun 17, 1991 ... John McKay On The Move The commercial real estate arm of Prudential McKay Properties has a new home. The firm, led by John McKay Jr., has migrated to the Spring Plaza Building, where it is occupying about 1,500 SF on the third floor. The three-story office ...

Walton money in the bank. (Walton family extends their business into banking)

Jun 17, 1991; Waldon, George ... Walton Money In The Bank The Walton name is synonymous with billion-dollar retailing. It's a fortune built on hard work and Wal-Mart's successful execution of the "Everyday Low Prices" concept. America's No. 1 retailing family has extended its business ...

Fortune, Forbes 500 companies have more than 100 Arkansas operations. (Fortune and Forbes magazines' listings of top 500 corporations ranked by revenue)

Jun 17, 1991; Gibson, Carolyn ... Fortune, Forbes 500 Companies Have More Than 100 Arkansas Operations The Jefferson Smurfit Corp. only sounds like a company that produces cartoons. It actually is a subsidiary of Jefferson Smurfit Group, a global conglomerate based in Ireland with subsidiaries in 14 ...

TCB Investments Inc. (New Businesses)

Jun 17, 1991; Harper, Kim ... TCB Investments Inc. TCB Investments Inc. Owner: Donna Baker Address: P.O. Box 7284, Little Rock, 223-8235 Start-up date: April Donna Baker rents apartments, duplexes and houses. Her corporation handles only properties she owns. ...

The Micro Training Institute. (New Businesses)

Jun 17, 1991; Harper, Kim ... The Micro Training Institute The Micro Training Institute Owner: Terry Williams Address: 300 Spring St., Little Rock, 376-1943 Start-up date: June 17 The Micro Training Institute is the latest ...

Schlotsky's. (New Businesses)

Jun 17, 1991; Harper, Kim ... Schlotsky's Schlotsky's Manager: Mary Smith Address: 11815 Mara Lynn Drive, Little Rock, 224-4119 Start-up date: June 9 The fourth Little Rock location of Schlotsky's sandwich shop has opened on Bowman Curve. Mary Smith, manager of ...

Ad Image Inc. (New Businesses)

Jun 17, 1991; Harper, Kim ... Ad Image Inc. Ad Image Inc. Owner: Judy Woods Address: 1 Financial Centre, Little Rock, 224-4747 Start-up date: June 7 Ad Image Inc., a Little Rock advertising agency, hopes to develop the images of its clients through creative promotions. Judy ...

Jackson's Carpetland. (New Businesses)

Jun 17, 1991; Harper, Kim ... Jackson's Carpetland Jackson's Carpetland Owner: Elvis Edwards Address: 10300 Rodney Parham Road, Little Rock, 223-8088 Start-up date: May 24 In an attempt to better serve Little Rock customers, Elvis Edwards has opened a second location of Jackson's Carpetland. ...

Delivery Services Group Inc. (New Businesses)

Jun 17, 1991; Harper, Kim ... Delivery Services Group Inc. Delivery Services Group Inc. Owner: Charles and Angela Young Address: 6908 Grace Road, Little Rock, 565-3697 Start-up date: May 14 Delivery Services Group, a Little Rock-based expedited courier service, recently added a funeral home transport ...

Looking at the books. (OneBank's divestment of its North Little Rock and Hot Springs operations)

Jun 24, 1991 ... Looking At The Books Guess who is looking to buy and sell another bank? Worthen Banking Corp. (the buyer) and J.B. Hunt (the seller), that's who. The common link is First National Bank of Fayetteville (total 1990 assets of $243.57 million and net income of ...

Abstract talk. (merger of title abstracting companies)

Jun 24, 1991 ... Abstract Talk Have you heard that the local herd of abstract companies soon will be thinned? It's not a done deal yet, but a buyout of Pulaski County Title Co. is close. The interested party is Lenders Title Co., an affiliate of Pulaski Bank & Trust Co. The ...

What does it mean? (relocation of The Hathaway Group)

Jun 24, 1991 ... What Does It Mean? Curious types wondered what it all meant when The Hathaway Group recently moved from the 15th floor of the Worthen Bank Building. The commercial real estate firm had been there 12 years before heading to the 60,000-SF T.J. Raney & Sons Building, which ...

Banker's dozen: January - May 1991. (Arkansas banks)(no full text - table only) (directory)

Jun 24, 1991 ... BANKER'S DOZEN January - May 1991 <Pre> mtg. value mortgage mtg./asset(*) (millions) volume Bank of Little Rock 11.28 $2.35 ...

Hot Springs held hostage. (Bathhouse Row in Hot Springs National Park)(includes related article)

Jun 24, 1991; Mitchell, Ruth ... Hot Springs Held Hostage With Melvyn Bell No Longer Bathing In Bucks, Spa Searches For A New Savior Former President Truman was known to read his newspaper in the lobby of Hot Springs' Arlington Hotel and then take a stroll beneath the stately magnolia trees that ...

Diamond in the rough? (debate over the construction of the Diamond Center multipurpose special events facility)

Jun 24, 1991; Nelson, Rex ... Diamond In The Rough? Debate Intensifies Over The Need For A Downtown Arena Of the diverse elements that make up Project 2000, the Diamond Center is the crown jewel. If Little Rock voters approve on Oct. 8 a half-cent sales tax for capital improvements, $15.725 ...

Barton's middle-age crisis. (Little Rock's Barton Coliseum's colorful past and uncertain future)

Jun 24, 1991; Nelson, Rex ... Barton's Middle-Age Crisis Nearing The Age of 40, Little Rock's Coliseum Has A Colorful Past And An Uncertain Future Barton Coliseum's roots can be traced to 1937. Arkansas had yet to escape the throes of the Great Depression, which had begun with the ...

Arkansas isolationism: debate still rages over state's bid preference laws. (repeal of bid preference laws blocked by Associated General Contractors)

Jun 24, 1991; Griffee, Carol ... Arkansas Isolationism Debate Still Rages Over State's Bid Preference Laws When the Texas government opened bids recently for 3 million pounds of chicken quarters, it looked as if OK Foods Inc. of Fort Smith had won a contract worth nearly $1 million. But ...

Information Technologies Inc. (New Businesses)

Jun 24, 1991; Harper, Kim ... Information Technologies Inc. President: Thomas Murphy Address: 9700 Rodney Parham Road, Little Rock, 225-5402 Start-up date: April Thomas Murphy hopes the second time will be the charm for Information Technologies Inc. The voice processing company opened in ...

Phoenix Enterprises. (New Businesses)

Jun 24, 1991; Harper, Kim ... Phoenix Enterprises Owner: Jerry McKee Address: 7123 Interstate 30, Little Rock, 568-4541 Start-up date: June Jerry McKee recently began Phoenix Enterprises, a distribution company for what he calls international designer fragrances. However, the products ...

Salus International Network. (New Businesses)

Jun 24, 1991; Harper, Kim ... Salus International Network President: Bob Edwards Address: 1501 N. University Ave., Little Rock, 663-4348 Start-up date: June 1 Salus International Network is a "crisis intervention line" that provides advice, counseling and therapy for those who don't wish to actually ...

Parker Saturn Inc. (New Businesses)

Jun 24, 1991; Harper, Kim ... Parker Saturn Inc. Owner: Rick and Dave Parker Address: 5105 Warden Road, North Little Rock, 771-1700 Start-up date: April 25 Rick and Dave Parker have opened their third car dealership, Parker Saturn Inc. on Warden Road in North Little Rock. The brothers also own Parker ...

Taekwondo USA Training Center. (New Businesses)

Jun 24, 1991; Harper, Kim ... Taekwondo USA Training Center Owner: Jeff Gibson Address: 10301 N. Rodney Parham Road, Little Rock, 227-4994 Start-up date: June 17 Jeff Gibson, an actor in the soon-to-be-released movie "National Championship," has opened Taekwondo USA Training Center in Little Rock's ...

Associated Products Co. (New Businesses)

Jun 24, 1991; Harper, Kim ... Associated Products Co. Owner: James Dickey Address: 5111 John F. Kennedy Blvd., North Little Rock, 758-3089 Start-up date: July 1 Associated Products Co., an electrical manufacturing representative's agency based in Memphis, Tenn., is opening a North Little Rock office ....

Unity Printing. (New Businesses)

Jun 24, 1991; Harper, Kim ... Unity Printing Owner: John Wilkerson Address: 2024 W. 2nd St., Little Rock, 664-2223 Start-up date: June With 19 years of printing experience, John Wilkerson decided to open his own printing and ...

Jesco International. (Two New Products Come To Arkansas)

Jun 24, 1991; Harper, Kim ... Jesco International Owner: Jim Farris and Charlie Trie Address: 7107 W. 12th St., Little Rock, 666-0111 Start-up date: July 1 Jim Farris developed an improved ratchet wrench. Jesco International oversees the manufacturing, importation and distribution of the ...

Line Minder. (Two New Products Come To Arkansas)

Jun 24, 1991; Harper, Kim ... Line Minder Distributor: Paragon Office Machines Address: 7308 Sunflower Drive, Little Rock, 568-1305 Start-up date: June 13 Unwanted calls can be screened with a device called Line Minder. The device is distributed in Arkansas by Paragon Office Machines. ...

Arkansas accounting firms serve poultry, timber, agriculture. (Arkansas Business Rankings)

Jun 24, 1991; Gibson, Carolyn ... Arkansas Accounting Firms Serve Poultry, Timber, Agriculture Arkansas accounting firms successfully serve the industries that flourish within the state. For example, Arkansas-based Frost & Co. not only works for in-state poultry interests, but also extends its expertise ...