Your Arkansas Business Headlines for Tuesday, Sep. 13

Your Arkansas Business Headlines for Tuesday, September 13

LITTLE ROCK, Ark. (KTHV) -- Arkansas Business' Lance Turner has the headlines for Tuesday, September 13. 

 

U.S. Attorney charges John Rogers for fraud

The U.S. Attorney in Chicago files a charge of felony wire fraud against the former owner of the Rogers Photo Archive of North Little Rock.

Rogers is accused of scheming "to fraudulently obtain at least $10 million" from investors, financial institutions, and customers.  First Arkansas Bank and Trust of Jacksonville and Bank of Little Rock loaned him money.

According to the filing, his fraud dates back to 2009 when he reportedly sold a counterfeit Heisman Trophy.

Rogers has remained free since his business and home were raided by federal agents nearly three years ago.

 

Tyson Foods aiming for single-digit growth

Tyson Foods Inc. executives told investors the company aims for single-digit growth in fiscal 2017.

They expect fiscal earnings of up to $4.50 per share this year, up 40-percent from the previous year.  They said they plan to use the proceeds to invest in Tyson's beef, chicken, and pork businesses through organic growth or acquisitions.

The company also said its "core 9" product lines, which include Jimmy Dean, Hillshire Farm, and Ball Park, are "growing and gaining momentum."

 

40 AR lawmakers back anti-casino campaign

Now, 40 state legislators oppose a ballot measure that would legalize casinos in three Arkansas counties.

The Committee to Protect Arkansas' Values--Stop Casinos Now is also suing to try and disqualify the measure from the November ballot.  The organization said it writes a private business into the state's constitution.

Supporters of the proposal call the criticism hypocritical since the committee's supporters include Oaklawn and Southland Greyhound Park, which offer electronic gambling.


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