Business Briefs for Jan. 15, 2007

by Arkansas Business Staff  on Monday, Jan. 15, 2007 12:00 am  

• Southern Refrigerated Transport Inc. of Texarkana is adding 250 employees and another 200 trucks after the trucking company bought some of the assets of Chattanooga, Tenn.-based Covenant Transports. SRT, which recently moved to its new headquarters on Interstate 30, said its fleet would grow to more than 815 trucks and 1,200 trailers and the total work force would be more than 1,100 employees.
• The U.S. Marshals Service has chosen Fort Smith as the site of its national museum. The city beat out Staunton, Va., for the $10 million to $20 million museum. It will be home to a museum that will feature artifacts and special exhibits from America's oldest federal law enforcement agency.
• A nine-year-old lawsuit filed by the state of Illinois against IBP Inc., the beef giant bought by Tyson Foods Inc. in 2001, has been resolved. As part of the final agreement, Tyson will fund six environmentally beneficial projects with a combined value of $995,000. The company also will install additional odor-reducing technology at its Joslin, Ill., plant and pay a $30,000 civil penalty.
• U.S. District Judge Eldon Fallon said a proposed $330 million settlement between Murphy Oil Corp. and St. Bernard Parish, La., homeowners was "fair, reasonable and adequate." The deal, which covers some 6,500 homes and businesses, would end a legal fight over damages from an oil spill brought about by Hurricane Katrina.
• The Addison Shoe Co. said it would close its factory at Wynne, putting 174 employees out of work. The factory is owned by Munro & Co. of Hot Springs. It makes military, work, casual and dress shoes. The company is seeking buyers for the factory.
• Lawrence Jackson, president and CEO of global procurement, has resigned from Wal-Mart Stores Inc. effective Feb. 9. Jeff Macho has been promoted to senior vice president of global procurement. Macho will report to Vice Chairman John Menzer. Macho has been working in the global procurement field for 13 years.
• EchoStar Communications Corp. of Englewood, Colo., and Windstream Corp. have signed a multiyear extension to their existing agreement to offer Dish Network satellite TV service to Windstream customers throughout its 16-state territory. The satellite TV service has been available to customers as part of a discounted bundle of communications and entertainment services since 2005.
• Sen. Blanche Lincoln, D-Ark., is accepting applications for her summer internship program. Selected college students will work in Lincoln's Washington, D.C., or Little Rock office. For more information, call Amber Elbert at (202) 224-4843 or visit Lincoln's Web site at www.lincoln.senate.gov.
• Allot Communications has announ-ced that the Arkansas Department of Information Systems has chosen the Allot NetEnforcer AC-1020 broadband management device to manage the statewide IP network used by Arkansas state government agencies, public schools and junior colleges.
• The Arkansas Soybean Association will hold its 43rd annual business session and seminar at the Convention Center at Brinkley on Jan. 25. Speakers include Johnny Dodson, vice president of the American Soybean Association; Tom Dorr, undersecretary of Agriculture for rural development; Brad Anderson of Informa Economics; and Todd Allen of the United Soybean Board. For more information, call (800) 247-8691.
• Former state Rep. Marvin Childers has been named president of the Poultry Federation. Childers, who represented District 77 in the state House of Representatives from 2001 to 2006, has practiced law with Friday Eldredge & Clark since 2000. He succeeds Morril Harriman, who resigned to become chief of staff for Gov. Mike Beebe.
• A $3.3 billion deal between two companies with major operations in Arkansas, Weyerhaeuser Co. of Federal Way, Wash., and Domtar Inc. of Montreal, has been approved by the Canadian Competition Bureau. The deal, an-nounced in August, will create a company called the "new Domtar" and will be 55 percent owned by Weyerhaeuser.
• Earth Biofuels Inc. of Dallas said Thomas P. Foltz had joined the company as vice president of public affairs. Foltz was most recently president and founder of Patriot Biofuels Inc. of Stuttgart, a biodiesel producer. Foltz remains an owner of Patriot, which does business with Earth Biofuels.
• Asa Hutchinson, former Arkansas congressman and the Department of Homeland Security's first undersecretary for Border and Transportation Security and most recently the losing candidate for governor of Arkansas, has rejoined the Washington, D.C., law firm of Venable LLP as a partner in the Washington office.
• Alltel Corp. and Acxiom Corp. are listed on Forbes magazine's 2006 list of America's Best Big Companies. Acxiom appears on the list for the first time. Alltel has appeared on the list since 1999, when Forbes first published the list. Another Arkansas company, Murphy Oil Corp. of El Dorado, was on the list last year but not this year.

 

 

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