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Eight billionaires with Arkansas ties find themselves on the most recent Forbes list of the world's 1,645 billionaires, released this week.
The Forbes 500 is led by Microsoft's Bill Gates, whose worth is estimated at $76 billion.
Six members of the Walton family made the list, along with Little Rock financier Warren Stephens and Johnelle Hunt, widow of trucking company founder J.B. Hunt of Lowell.
Christy Walton and her family came in at No. 9 with a net worth of $36.7 billion. Christy Walton, of Jackson, Wyo., is the widow of John Walton, son of Wal-Mart founder Sam Walton.
Other members of the Walton family on the list:
• Jim Walton of Bentonville, youngest son of Sam Walton, No. 10, $34.7 billion
• Alice Walton of Millsap, Texas, daughter of Sam Walton and founder of Bentonville's Crystal Bridges Museum of American Art, No. 13, $34.3 billion
• S. Robson "Rob" Walton of Bentonville, oldest son of Sam Walton, No. 14, $34.2 billion
• Ann Walton Kroenke of Columbia, Mo., older daughter of Bud Walton, Sam's brother and early business partner, tied for No. 305, $4.8 billion
• Nancy Walton Laurie of Henderson, Nev., younger daughter of Bud Walton, tied for No. 367, $4.1 billion.
Stephens was part of a 43-way tie at No. 687 with estimated net worth of $2.5 billion. Hunt's net worth, estimated at $2.1 billion, put her at No. 828, in a tie with 40 other billionaires.
Later today, several thousand pages of records from the Clinton Administration previously withheld under special legal provisions will be made public, Politico reports.
The Clinton Presidential Library will make its first release on Friday of records that were previously withheld from the public under legal provisions that expired early last year, a spokeswoman for the National Archives said.
About 4,000 to 5,000 pages will be put online at [12 noon CST] Friday, with paper copies becoming simultaneously available at the library in Little Rock, the spokeswoman said. More releases are expected in the next couple of weeks.
POLITICO reported Tuesday that about 33,000 pages of records withheld as confidential advice to President Bill Clinton or information about candidates for appointments to federal office, were still unavailable to the public even though the legal basis to withhold them under the Presidential Records Act ran out in January 2013—12 years after Clinton left office. Some of the records come from then first lady Hillary Clinton's office and include advice given to her by aides.
More than 30,000 pages ultimately could be made available to the public.
The roughly 33,000 pages of still-secret records accumulated through early last year as records from the Clinton Library were requested under the Freedom of Information Act or processed as part of systematic efforts to disclose records of most interest to historians and the public. Archvists reviewing the records marked the pages involved as exempt, but with an eye to releasing them after the 12-year period ended.
It's still unclear precisely why the records were tied up for more than 13 additional months. The process requires the National Archives, which runs the library, to give notice to the former president and current president. Their representatives ordinarily have 30 days to clear the records for release or declare an intention to withhold them under executive privilege. However, that period can be extended.
Aides to Obama and Clinton said this week that no assertion of executive privilege was made for records in the cleared batch of 25,000 pages. No final decision appears to have been made on the remaining 8,000 pages.
Read the full Politico post here.
It's another acquisition for Wal-Mart's social media division.
@WalmartLabs has purchased Yumprint of Seattle, planning to use the company's recipe technology for its grocery delivery efforts on Walmart.com and Walmart To Go, available in the San Francisco/San Jose, Calif., and Denver areas.
In a blog post, Wal-Mart said the firm's founders, Chris Crittenden and Wes Dyer, bring with them a unique vision for using technology in the kitchen:
@WalmartLabs is acquiring Yumprint, an exciting start-up in the recipes and meal planning space. Yumprint founders Chris Crittenden and Wes Dyer had a vision for how technology can improve the way all of us discover and prepare our meals. Their website, iPhone app and browser extension are among the ideas they’ve brought to food lovers, helping them discover, search and save recipes from any website.
Chris and Wes’s ideas and ambitions for transforming the grocery shopping experience match the global opportunity Walmart enjoys in this space, and their accomplishments with Yumprint just scratch the surface of what we’re going to do next together.
According to Geekwire, Yumprint’s tech understands recipe semantics, matches ingredients to advertisements, understands consumer taste preferences and more. Terms of the deal were not disclosed.
Wal-Mart Stores Inc. of Bentonville is ranked 28th on Fortune magazine's annual list of the country's "most admired companies."
The world's largest retailer was the only Arkansas company that made the list. It ranked third among general merchandisers on the list.
Apple Inc. of Cupertino, Calif., ranked No. 1 on the list, followed by Amazon, Google, Berkshire Hathaway and Starbucks.
To create the list, Fortune surveyors asked executives, directors and analysts to rate companies in their industry on nine criteria, from investment value to social responsibility.
The complete list is available here.
Arkansas Business is hearing word of another round of layoffs at Acxiom Corp. of Little Rock, the data services provider that announced in November that it would cut its annual cost base by up $30 million.
As of last year, Acxiom (Nasdaq: ACXM) employed about 2,000 people in Arkansas and more than 6,000 worldwide. But the company has held at least two rounds of layoffs since announcing plans to cut its cost base in a Nov. 6 filing with the U.S. Securities and Exchange Commission.
Acxiom won't say how many employees have been affected by its cost-cutting efforts. Ines Gutzmer, Acxiom's director of corporate communications, sent our reporter Luke Jones this statement when we asked about today's reports of layoffs:
As communicated in our last earnings call, Acxiom has embarked upon an initiative to increase efficiencies and further improve performance. This is a company-wide, multi-phased approach, and our goal is for all associated actions to be completed by end of this fiscal year. We are on track to meet this timeline, and we hope to provide an update as soon as the process is completed.
Heard anything? Drop us a line.
Explaining the cost-cutting measure to analysts in November, Acxiom said it was seeking to simplify the company's management structure, centralize duplicative efforts and standardize workflows.
Acxiom said the move will occur in phases and that it is "unable to make a determination of the estimated amount or range of future costs and cash expenditures." It expected the actions to take place over a 6- to 12-month period.
"The one thing that we are doing however is that we're being very methodical and very long-term in our approach," Acxiom CFO Warren Jenson said at the time. "There's no slash and burn here. So what we’re doing is, we're carefully examining layer-by-layer our management structure to figure out how we can better organize ourselves, and we're involving our [employees] in that effort too ..."
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- Previously Withheld Clinton Records Go Public Today
- Wal-Mart Buys Yumprint of Seattle
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