Your Arkansas Business Headlines for Monday, September 12

Your Arkansas Business headlines for Monday

LITTLE ROCK, Ark. (KTHV) -- Arkansas Business' Lance Turner has the headlines for Monday, September 12.

 

CARTI hires research firm to go over finances

CARTI of Little Rock has hired a health care management consulting firm, as it faces a projected loss in its most recent fiscal year.

The cancer center's spokesperson tells Arkansas Business that a research group from California will begin going over its fees, charges, expenses, and other operations in November.

Last fall, CARTI moved into a new $88 million dollar facility, funded with the help of a $50 million bond.

Final numbers on the projected loss are not available yet.

 

Simmons acquires Citizens National Bank of Tennessee

Simmons First National Corp. of Pine Bluff completes another acquisition, this one in Tennessee.

The company announced in May a $77 million deal to buy Citizens National Bank of Athens, Tennessee. The deal was approved by Citizens shareholders on Thursday.

 

Simmons now has about $8.1 billion in assets and more than 145 locations in Arkansas, Kansas, Missouri, and Tennessee.

 

Federal Reserve Bank officials to give speech

Investors will be watching Federal Reserve officials and key economic results for clues about the health of the U.S. economy.

This week, Federal Reserve Bank of Atlanta President Dennis Lockhart will deliver a speech, giving Wall Street a final chance to hear from policy makers before the central bank stops talking ahead of meeting on interest rates next week.

And on Thursday, the government will release the latest on U.S. retail sales.

 

Economists expect a slight decline in August results.


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