SHARECOMMENTMORE

LITTLE ROCK, Ark. (Arkansas Business) -- Windstream Corp. reporting earnings in the black after suffering a net loss the year before.

The Little Rock telecommunications company says it had fourth-quarter net income of $10 million, up from a net loss of $35 million.
Windstream says it's enjoying growth in its broadband services, which now represent 70 percent of the company's total revenue.

Reporting third-quarter earnings, America's Car-Mart Inc. of Bentonville says its income went up 9.5 percent from last year to $8 million.

The company, which sells and finances used cars, said it opened three new dealerships during the quarter, and now has 120 dealerships in the country.

Hawker Beechcraft emerges after Chapter 11

Hawker Beechcraft is emerging from Chapter 11 bankruptcy. The company, now calling itself "Beechcraft", says its joint plan of reorganization has been approved by a U.S. Bankruptcy Court in New York and will go into effect on Friday.

Hawker, which filed Chapter 11 in May, announced in November that it will close its services facility in Little Rock and reduce its remaining workforce. The company employed about 280 people at Adams Field in Little Rock, where it finishes out its line of private jets.

Big River Steel incentive package to be submitted

And finally, the Arkansas Economic Development Commission expects to submit its $125 million incentive package for the Big River Steel mill project to the Arkansas Legislature tomorrow.

The Legislature will study the state's agreement with Big River Steel, which plans to build a $1.1 billion steel mill along the Mississippi River just south of Osceola.

The Legislature must approve the deal because the state is devoting incentives, including a $75 million grant and a $50 million loan, under Amendment 82 to cover start-up costs.

(Source: Arkansas Business)

SHARECOMMENTMORE