The Whispers Blog
Arkansas' breaking business news blog, with news and commentary from the Arkansas Business staff.
Send us tips.
Wal-Mart Stores Inc. of Bentonville said Monday that, as part of its $2.7 billion investment in its U.S. stores, more than 1.2 million of its Walmart and Sam's Club employees will get a raise on their March 10 paychecks.
The retailer says the moves constitutes "largest single-day, private-sector pay increase ever." In Arkansas, 29,151 employees will get raises, the company said.
Here's how the company says the raises will break down:
- All employees hired before Jan. 1 will earn at least $10 per hour.
- New entry-level employees hired after Jan. 1 will continue to start at $9 per hour and will move to at least $10 per hour after completing the company's new retail skills and training program called "Pathways."
- Employees who already make more than $10 per hour will see their annual pay increase starting in March rather than their anniversary date.
In December, Wal-Mart said it would spend $64 million on raises at its Arkansas stores.
Gov. Asa Hutchinson talked to NPR yesterday about his endorsement of U.S. Sen. Marco Rubio of Florida and his thoughts on the GOP frontrunner Donald Trump.
In the interview, Hutchinson called Trump's words "frightening" and said he doesn't see Trump's discussion of the issues as being serious.
Michael Hibblen of Little Rock affiliate KUAR-FM, 89.1, writes:
Hutchinson said he will support whoever becomes the Republican nominee, but doesn’t feel Trump is displaying the appropriate temperament. He said candidates need to "help educate the public as to what’s the right ideas, what is the right thing that we’re going to replace Obamacare with, what is the right direction for our country in terms of security, and these are serious discussions. They’re not salesmanship, there’s not a circus atmosphere. These are serious discussions as to really the free world."
Hutchinson told program host Robert Siegel that he doesn’t see Trump’s discussion of the issues as being serious.
"How you’re going to build a wall, how you’re going to have Mexico pay for it… what does this mean? Let’s be realistic in our discussions and how we discuss these issues with the American people."
Trump is set to be in Bentonville on Saturday ahead of Tuesday's primary elections in Arkansas and 11 other states. We wouldn't be surprised to hear Trump fire back at the governor, but we'll see.
Meanwhile, in an editorial, The Washington Post urges GOP leaders to do "everything in your power" to stop Trump.
Listen to the full interview with Hutchinson right here:
University of Arkansas graduate Joseph Weishaar's design was selected as the winning entry for a World War I memorial to be built in Washington, D.C.
Weishaar is an architect-in-training with Brininstool & Lynch Architecture & Design in Chicago. He entered his design in the U.S. World War I Centennial Commission's competition. Collaborating artist, veteran sculptor Sabin Howard of New York, was also part of the design team.
Weishaar's project, titled "The Weight of Sacrifice," will be located in Pershing Park in downtown Washington, D.C. The site is across the street from the Willard Hotel, and is also next door to the White House Visitors Center.
Weishaar is 25 years old and is the only architect-in-training in the group of five finalists. He created the winning design on his own time as an intern at another firm.
"The Weight of Sacrifice" will have a raised lawn, surrounded by three bronze walls which will feature various scenes in relief or sculptures designed by New York City sculptor Sabin Howard. Visitors will be able to touch the artwork.
In May, the commission opened an international design competition and received more than 360 design concepts from designers around the world. In August, an independent jury of design professionals and historians selected five of the design concepts to advance to Stage II of the competition.
Wal-Mart Stores Inc. of Bentonville announced Friday that it is closing 269 stores, including 154 in the United States.
The stores, including 11 in Arkansas, account for a fraction of the company's 11,000 stores worldwide and less than 1 percent of its global revenue, the retail giant said in a news release.
Closing Jan. 17:
- #5783: 117 Audubon Drive, Maumelle
Closing Jan. 28:
- #2498: 720 N Hwy 71, Mansfield
- #2578: 3500 Mulberry Hwy 64 W, Mulberry
- #2601: 814 W. Main, Charleston
- #2669: 1531 E Hwy 64, Coal Hill
- #3819: 8848 N Hwy 59, Van Buren
- #3878: 5 Hwy 124 West, Damascus
- #4217: 154 E Roller, Decatur
- #3032: 905 S Gentry Blvd, Gentry
- #3033: 800 1st Ave SE, Gravette
- #3034: 881 W Buchanan, Prairie Grove
(We previously catogorized these stores incorrectly. They are now correct.)
Gov. Asa Hutchinson is in New York today, having pushed the start button on the New York Stock Exchange this morning. The Wall Street appearance was part of economic development trip aiming to tout Arkansas and lure companies to do business here.
J.R. Davis, the governor's spokesman, and Scott Hardin, a spokesman at the Arkansas Economic Development Commission, indicate the trip is about raising Arkansas' profile among global businesses leaders in the media and financial capital of the world.
Hutchinson — along with Arkansas Economic Development Commission Director Mike Preston — hit the ground running today, not only ringing the opening bell of the New York Stock Exchange but also appearing on two cable business networks: CNBC and Fox Business.
On cable TV, Hutchinson noted Arkansas as the home to several Fortune 500 companies — Wal-Mart Stores Inc., Tyson Foods Inc., J.B. Hunt Transport Services Inc. and the like — and a place where technology upstarts like Inuvo Inc. and Metova are adding jobs.
He also told CNBC that he'd like to continue to reduce Arkansas income tax rate, taking it from around 7 percent to 5 percent. It's a reduction the governor thinks would make Arkansas a more palatable place for businesses to set up shop.
The tech jobs are another key part of the governor’s pitch. Hutchinson led an effort last year to pass a bill requiring that all Arkansas K-12 students take computer coding classes, and the governor clearly wants to show Arkansas as a state working to meet the job requirements of high-tech employers.
In addition to meeting with representatives from Arkansas companies and site selectors in New York, Hutchinson is meeting with key business media outlets. Today, he meets with editors at the Wall Street Journal, Forbes magazine and Bloomberg. Tomorrow, he’ll appear on MSNBC's "Morning Joe," meet with Time magazine editors and appear on another Fox Business program. On Wednesday, he'll be on the "Fox and Friends" morning show and NPR.
You can see video of the governor's CNBC appearance, the ringing of the opening bell and a photo of the governor on Fox Business below:
At NYSE (skip to 3:45)
On Fox Business
- At Conference, Tyson Foods Touts Stable Earnings, Sales Growth
- Caterpillar to Lay Off 60 in North Little Rock
- Video: Doug McMillon on Why Wal-Mart Chose Jet.com
- ESP Confirms Jefferson County Site For $3B Project, Citing Easement Success 2 days ago
- Federal Judge Blocks Arkansas Planned Parenthood Defunding 10 hours ago
- Update: Brenda Montgomery Gets 57 Months in Prison for Lawrence County Bank Theft 9 hours ago
- Little Rock TEDx Event to Focus on 'New Beginnings' 15 hours ago
- Report: All Signatures for Lawsuits Measure Could Be Tossed 2 days ago