Archive for the ‘Business’ Category

New chicken place a hit at chamber meeting

Thursday, May 13th, 2010

According to sources who ate a spread of food recently from the soon-to-be-opened Chicken To Go at the corner of College and 19th streets in El Dorado, it’s very good.

The business catered the El Dorado Chamber of Commerce’s monthly meeting on Wednesday.

Chicken To Go is scheduled to open on June 1.

In other restaurant news, the Black Cat Café recently opened in downtown El Dorado in the former Corner Café building at the corner of Main and Jefferson streets. Anyone tried it?

More revealed about troubled Timberland Bank

Monday, May 3rd, 2010

From Arkansas Business:

“It’s starting to become clearer why Southern Bancorp of Arkadelphia took everything but the loan portfolio when it bought Timberland Bank of El Dorado last year.

“A federal lawsuit filed by Timberland in an attempt to enforce a $2 million bonding contract unveils some previously hidden problems allegedly caused by its former chief lending officer, Mark Turner, who was fired in the summer of 2008.

“Court filings also reveal that the FBI and federal prosecutors have been investigating Timberland’s lending practices.”

Click here for more.

New jobs coming to Union County

Thursday, December 17th, 2009

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NexGen BioMass, a company that plans to produce wood pellets for stoves in Europe, announced today that it will create 150 permanent jobs at the former Georgia Pacific plant on Junction City Highway.

The facility will begin operations next year with 50 employees and will hire additional workers as production ramps up, according to Robby Hanry, CEO of NexGen BioMass.

Look for more in Friday’s News-Times.

Memphis, anyone?

Tuesday, September 22nd, 2009

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Seaport Airlines seems to be making good on their promise to begin operating commercial air service between El Dorado and Memphis by Oct. 26.

According to Seaport’s Web site, you can book a round-trip flight on Oct. 26 between South Arkansas Regional Airport and Memphis International for $49.

Not bad. Not bad at all. In fact, I’m hoping to book a flight so I can give you a play by play of the El Dorado to Memphis journey.

The price variants on the site are a little confusing, however. For instance, the “Super Saver” option offers a seat for $49. On that same flight, the “Fast Class” seat is $129.

There can’t possibly be a difference in these seats, considering that the single engine, Swiss-made PC-12s operated by Seaport only hold about 10 passengers.

The PC-12 has a maximum cruising speed of 312.5 miles per hour and a service ceiling of 30,000 feet. The cabin is pressurized. Maximum range at full capacity is 1,753 miles.

The flight between El Dorado and Memphis is expected to take about an hour.

Former J.C. basketball star still making news

Thursday, June 18th, 2009

James Anderson, the former Junction City High School basketball standout, on Thursday was named to the USA Men’s World University Games Team. He will be a junior this year at Oklahoma State University.

At the tryouts Anderson competed with basketball players from Arizona, Purdue, North Carolina, West Virginia, Marquette and other colleges.

Anderson, a 6-6 guard/forward, will compete with the USA team at the 2009 men’s basketball competition July 2-12 in Belgrade, Serbia, with 23 other teams from around the globe.

El Dorado Poultry Company pulls plug

Friday, May 29th, 2009

It’s over, folks. The group of local investors have pulled away from the table and are no longer seeking to purchase the idled Pilgrim’s Pride plant in El Dorado.

Look for more in Saturday’s News-Times.

Remember that call center?

Thursday, May 7th, 2009

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Apparently it’s back on the table, according to El Dorado Mayor Mike Dumas.

The company is once again looking at El Dorado for a location after pulling out of a previous deal because of economic reasons. It could mean 330 $9 and $10-an-hour jobs.

Look for more on that in Friday’s News-Times.

Rumor of Atwoods coming to Camden untrue

Thursday, April 30th, 2009

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There have been rumors circulating throughout South Arkansas that Atwoods, a farm and home supply store, will be moving into the old Wal-Mart building in Camden after the store moves to its new Supercenter.

According to an Atwoods spokesman, the company has looked at Camden in the past but isn’t considering a store there at this time.

When asked if Atwoods would be opening in El Dorado, the spokesman said there were no plans as of today.

He said he will tell Atwoods’ owners that El Dorado residents are interested in a store. I’ve heard many people around town ask why El Dorado doesn’t have an Atwoods.

As you may know, the company operates a successful store in Magnolia.

I bet they’ll build it next to our new Long John Silvers. *wink, wink*

Dynamotive stock numbers

Thursday, April 30th, 2009

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Dynamotive Energy Systems Corp., which announced Wednesday that it would be building a bio-fuel plant in Union County, is trading at around the 30 cent mark today.

It’s up a penny from yesterday.

Below is the company’s one year stock history, as presented on a chart from CNBC.


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LJS still mulling move to El Dorado

Monday, April 20th, 2009

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The Long John Silver’s catering trailer that’s frequented El Dorado recently could be back on April 29.

Wallace York, general manager of a Long John Silver’s franchise in Texarkana, who operates the trailer, said that the best way for local residents to get a LJS store is to show their support the next time he’s in town.

If the trailer should come on the 29th, York said he wasn’t sure yet where he’d park it.

He’s also considering a number of other cities on that date as well.

York said his response “could have been better” in El Dorado, but that the visit here was a lot better than ones in Magnolia.

As far as opening a permanent location in El Dorado, York seemed aloof.

York said that he is still conducting marketing research and wouldn’t comment on any plans to open a new LJS franchise in town.

Murphy Oil cracks FORTUNE 100

Monday, April 20th, 2009

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At number 92. Murphy’s previous rank was 134.

Black gold is big business. Click here for the full FORTUNE list.

Long John Silver’s coming to El Dorado?

Wednesday, March 18th, 2009

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It’s not that we haven’t had two here already. We have. They failed. But Wallace York, general manager of Long John Silver’s Restaurants, Inc. in Texarkana, Texas, is testing the waters here with his mobile LJS trailer.

He’s set up several times around town, including today at the El Dorado Shopping Center on North West Avenue.

York said he is currently searching around town for a permanent location to build a new LJS store.

Italian restaurant to open downtown

Tuesday, March 17th, 2009

Sources tell me that the restaurant will set up in the old Einsteins location, formerly Randolphs, though that business quickly failed. More information is expected later. No opening date has been announced.

Newspaper woes — not in El Dorado, though

Wednesday, March 4th, 2009

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The Arkansas Democrat-Gazette says it is instituting mandatory furloughs, following last week’s announcement of as many as 60 layoffs.

Newsroom staff will be required to take off one work day out of every 20, the newspaper reported Wednesday. The employees’ pay will reflect a 5 percent drop. The plan applies to salaried employees and hourly workers whose schedules are typically 40 hours per week.

The paper announced layoffs last week, including seven people in the newsroom. The cuts amounted to about a 4.5 percent reduction.

The paper, which has about 1,300 employees, is the largest in Arkansas. Newspapers nationwide have been suffering from losses in advertising revenue.

**NOTE** Though the News-Times is owned by WEHCO Media Inc., which operates the Democrat-Gazette, as well as the Camden News and Magnolia Banner News, among others in this and other states, we are not affected by this announcement. This announcement deals only with the Democrat-Gazette.

Local auto dealers feeling economic crunch

Wednesday, January 14th, 2009

News broke this weekend that Murphy Motors in El Dorado would be shuttering its doors in February. Now, Daniel Reap Chevrolet in Smackover could be next. Owner Mike Reap told me via telephone today that “we haven’t decided yet if we’re going to close,” but “it’s not looking very good.”

Business is bad for dealerships all over the country right now, especially those who sell GM products.

Daniel-Reap Chevrolet employs 10 and has been in business for more than 70 years.