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ConAgra Foods breaks ground on $100 million expansion in Russellville

ConAgra Foods broke ground on an expanded facility in Russellville. As part of the expansion, originally announced in September 2012, ConAgra Foods is planning to invest about $100 million in the new facility and expects to add more than 80 new jobs. The facility is expanding as a result of ConAgra Foods' acquisition of the Bertolli and P.F. Chang's Home Menu frozen meal business from Unilever. Through the Russellville expansion, production lines will be added to produce the two new items.

Business News Roundup — Tax battle brews at Capitol

State lawmakers are eyeing several areas for reforming the state's tax code. By some estimates, there are more than $2 billion in potential tax cuts already filed in the 45 bills aiming to reduce Arkansas taxes. Talk Business sources indicate that four areas are being seriously studied for major changes. They include income tax bracket reform, a capital gains tax cut, the grocery tax reduction and targeted business tax relief.

Simmons First sees earnings boost

Simmons First National Corp. posted double-digit fourth-quarter and full-year earnings as growth in its loan portfolios gave the Pine Bluff-based bank holding company a boost. For the fourth quarter, Simmons First reported net income of $8 million, up 27 percent from one year ago. For the full year, the bank reported net income of $27.7 million, up 11.6 percent.