Business Briefs for Aug. 29, 2005

by Arkansas Business staff  on Monday, Aug. 29, 2005 12:00 am  

• Wal-Mart Stores Inc. of Bentonville is likely to fall to No. 2 on the list of largest companies based on revenue next year. Record-high gasoline prices have pushed ExxonMobil, the company Wal-Mart displaced as No. 1 four years ago, into the lead after two two quarters. ExxonMobil has reported $170 billion in revenue — $22 billion ahead of Wal-Mart. Wal-Mart had $288 billion in revenue last year.

• The University of Arkansas for Medical Sciences and Arkansas Children's Hospital in Little Rock have named Robert D.B. "Jake'' Jaquiss of Milwaukee, an associate professor of surgery from the Medical College of Wisconsin, to head their pediatric cardiovascular program, replacing Johnathan Drummond-Webb, who committed suicide last Christmas.

• The YMCA of Metropolitan Little Rock will hold its 120th annual meeting at noon, Aug. 31, at Second Baptist Church in Little Rock.

• Gov. Mike Huckabee has endorsed Asa Hutchinson, the Republican candidate for governor in the 2006 election. Hutchinson is a native of Gravette and a former U.S. attorney, 3rd District congressman, head of the U.S. Drug Enforcement Administration and the first-ever undersecretary of Homeland Security.

• Gov. Mike Huckabee has asked Agriculture Secretary Mike Johanns to declare the entire state an agricultural disaster area because of the drought. The governor said both farmers and ranchers have been hurt by the dry conditions. Almost a quarter of Arkansas jobs are related to agriculture and 20 percent of the state's gross product comes from farming, he said.

• Beth A. Perry, an insurance and financial services professional for 24 years, will present a financial management workshop for women only. "Taking Control" will be presented at Arkansas Tech University at Russellville on Oct. 18 from 1-4 p.m. The workbook costs $30 (included in the workshop cost). Register online at

• An Extraordinary Results in Ordinary Communities Conference will be held Oct. 20-22 at Morrilton. Top educators, consultants and community leaders will present ideas for developing extraordinary communities out of seemingly hopeless situations. For more information, go to or call (501) 977-4407.

• "The Heart of a Woman" will be held at 11:30 a.m. on Sept. 22, at the Jack Stephens Heart Center at St. Vincent Infirmary Medical Center. Lunch is provided at a cost of $5.50. For reservations, call (501) 552 2833. At the seminar, Laine Berry, Mrs. Arkansas International 2005, will share about her mother's experience with heart surgery, and Dr. Anthony Fletcher will present the clinical aspects of heart health for women along with lifestyle changes needed to decrease the risk for heart disease.

• Mike Tierney, vice president of UPS' Midsouth district, presented a $30,250 check to Kearney Dietz, president of Arkansas' Independent Colleges & Universities, as part of the UPS Foundation's gift of some $2 million for scholarships and programs at 644 private colleges and universities nationwide.

• Wal-Mart Stores Inc. priced $2.5 billion of 30-year bonds through joint lead managers Lehman Brothers, Credit Suisse First Boston and JP Morgan, They'll mature Sept. 1, 2035 and yield 5.278 percent.

• The Executive Women's Golf Association, a not-for-profit organization formed in 1991 to provide opportunities for women to learn, play and enjoy the game of golf for business and for life, is holding an informational meeting Oct. 11 at 5:30 p.m. at Stonelinks Golf Course & Development in North Little Rock to organize a central Arkansas chapter of EWGA. No prior golf experience is required and there is no charge to attend. For more information or to RSVP, call Susan Rogers, the local network coordinator, at (501) 537-3056 or e-mail her at

• Sam's Club has launched an office products catalog to members both online at and in hard copy at the warehouse stores. It's geared for small-business owners and managers. In addition to the catalog, Sam's also says it will expand its in-store presence of office products, including a clearly identified store-within-a-store to compete in the office products industry.

• State employees will see their mileage rate increase on Sept. 1 because of increased gas prices. The maximum authorized rate of reimbursement for the use of privately owned vehicles on official state business will increase from 37 cents to 39 cents a mile. The rate will be evaluated for a possible reduction if average gasoline prices decline to $2 a gallon.



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