Standard & Poor’s lowered the U.S. credit rating late Friday (Aug. 5) saying the recent budget-debt ceiling deal passed by Congress doesn’t do enough to stabilize the federal government’s financial position.
A rebate program announced Friday (Aug. 5) could help boost business or auto dealers and natural gas utilities that have made investments promoting and providing compressed natural gas to fuel vehicles.
Houston-based Oxane Materials now employs about 60 in its Van Buren manufacturing operation, and may employ up to 350 by the end of 2013, according to Jeff Franklin, Oxane’s vice president of manufacturing.
A small business lobbying group on Thursday (Aug. 4) used a Wall Street Journal report to fire back at Amazon for withdrawing affiliates and operations from states that require Internet retailers to abide by the same tax collection laws as bricks-and-mortar businesses.
Aug. 9 is shaping up to be economic development day in Fort Smith, with attendance at two events to include half of Arkansas’ Congressional delegation, Gov. Mike Beebe, the head of Arkansas’ Economic Development Commission and the deputy director of the Oklahoma Department of Commerce.
All eight metro areas in or connected to Arkansas saw June jobless rate increases compared to May and compared to June 2010, according to a U.S. Bureau of Labor Statistics report released Wednesday (Aug. 3).
The rates in Wednesday’s report are preliminary and subject to change.
Fort Smith-based Arkansas Best Corp. blew past the consensus earnings estimate of Wall Street analysts to post second quarter net income of $5.298 million, a significant improvement over the loss of $7.444 million in the 2010 quarter.
Six of the nation’s leading broadband providers on Friday (July 29) submitted to the Federal Communications Commission (FCC) a proposal to speed broadband deployment to more than 4 million Americans living in rural areas.