Northwest Arkansas Archive

Lower October Unemployment Rates Reported for Arkansas

by Arkansas Business Staff 11/30/2016 11:15 am

The Department of Labor Statistics reports that October unemployment rates in Arkansas and all of its six metropolitan areas were lower than they were a year ago.

Accountants on Arkansas Campuses Find Numbers in Their Favor

by Marty Cook 11/28/2016 12:00 am

The chairman of the accounting department at Arkansas State University says there will always be a place for accountants in the business world, no matter how high-tech business becomes.

Detroit Investor Nabs CVS in Springdale (NWA Real Deals)

by Marty Cook 11/28/2016 12:00 am

A Detroit investor paid $4.56 million for the CVS Pharmacy at 2001 S. Thompson St. in Springdale.

Reggie Hill Joins University of the Ozarks Management (Movers & Shakers)

by Arkansas Business Staff 11/28/2016 12:00 am

Reggie Hill has been hired as assistant vice president for advancement and director of enrollment management at the University of the Ozarks in Clarksville.

Stay the Course Despite Overtime Injunction, LR Employment Lawyers Advise

by Sarah Campbell and Mark Friedman 11/23/2016 03:34 pm

Local employment lawyers are advising their clients to proceed with any plans they made for implementing change in the U.S. Department of Labor's overtime rules, even though a federal judge in Texas has issued an injunction preventing the rule from taking effect as planned on Dec. 1.

Wal-Mart Loses Pay Fight with California Truck Drivers

by Associated Press 11/23/2016 03:13 pm

Wal-Mart intentionally failed to pay hundreds of truck drivers in California the minimum wage, a federal jury decided Wednesday, awarding the drivers $54 million in damages and opening up the retail giant to penalties.

US Court Blocks Overtime Expansion Pay Rule for 4M

by Associated Press 11/22/2016 06:15 pm

A federal court on Tuesday blocked implementation of a rule imposed by President Barack Obama's administration that would have made an estimated 4 million more higher-earning workers across the country eligible for overtime pay starting Dec. 1.

Tyson Foods' 4Q Profit Misses Expectations, Shares Fall 15 Percent

by Marty Cook 11/21/2016 12:28 pm

Tyson Foods Inc. of Springdale reports fiscal fourth-quarter earnings of $391 million, or $1.03 per share.

Former Hillshire Exec Tom Hayes to Become Tyson Foods CEO

by Marty Cook and Lance Turner 11/21/2016 11:08 am

Tyson Foods Inc. of Springdale said Monday that Tom Hayes, its president and a former executive with Hillshire Brands Co., will succeed Donnie Smith as CEO on Dec. 31.

Wal-Mart Kicks Off Cyber Monday on Friday

by Anne D'Innocenzio, The Associated Press 11/21/2016 06:59 am

Wal-Mart Stores Inc. says it's kicking off its so-called "Cyber Monday" deals at 12:01 a.m. EST Friday for the first time ever as it aims to grab customers ahead of its competitors.

Pinnacle, Central Bank Combo Builds Assets To $200M

by George Waldon 11/21/2016 12:00 am

There are a lot of moving parts to the acquisition equation in the pending merger of Pinnacle Bank of Rogers and Central Bank of Little Rock.

America's Car-Mart Reports 2Q Income of $5M

by Arkansas Business Staff 11/18/2016 11:35 am

America's Car-Mart Inc. of Bentonville on Thursday reported fiscal second-quarter income of $5 million, up from a loss of $495,000 it reported in the same quarter a year ago.

Harps Names Kim Eskew as New CEO

by Arkansas Business Staff 11/17/2016 03:29 pm

Harps Food Stores Inc. of Springdale says Kim Eskew, president and chief operating officer, has been elected as the grocery store chain's new CEO.

Inmar Inc. to Acquire Collective Bias of Rogers

by Arkansas Business Staff 11/17/2016 10:53 am

Inmar Inc. of Winston-Salem, North Carolina, announced Thursday that it will acquire Collective Bias of Rogers, a leader in shopper-focused influencer marketing.

Walton Family Foundation to Fund 3 More Design Projects

by Arkansas Business Staff 11/17/2016 10:30 am

The Walton Family Foundation announces three new projects for the Northwest Arkansas Design Excellence Program, which aims to improve the architectural quality of public buildings and spaces in Benton and Washington counties.

Arkansas High Court Bars Union From Protesting at Wal-Mart

by Andrew DeMillo, The Associated Press 11/17/2016 09:50 am

Arkansas' highest court has banned a labor union from protesting or demonstrating at Wal-Mart's stores and offices in the state, scaling back a judge's order prohibiting the group from entering the retail giant's property for anything other than shopping.

Wal-Mart's Profit Falls But Beats Estimates; Revenue Misses

by Anne D'Innocenzio, The Associated Press 11/17/2016 07:24 am

Wal-Mart Stores Inc. reports third-quarter profit fell 8.2 percent, dragged down by investments in e-commerce and its stores. Earnings beat Wall Street estimates but revenue fell short of expectations. E-commerce sales accelerated to 20.6 percent, from 11.8 percent in the prior quarter.

How Arkansas Will Implement Medical Marijuana (Erika Gee Commentary)

by Erika Gee 11/16/2016 07:06 am

Erika Gee examines the regulatory, administrative and legislative steps the state government must take as it moves toward implementation of the Arkansas Medical Marijuana Amendment of 2016.

JB Hunt Settles Discrimination Case with Sikh Drivers

by Associated Press 11/15/2016 07:19 am

J.B. Hunt Transport Services Inc. has agreed to pay $260,000 to settle discrimination complaints by four Sikh drivers who were denied jobs for refusing to take drug tests that would have violated their religious beliefs.

Report Outlines Possible Changes to Arkansas Tax Code

by Sarah Campbell 11/14/2016 02:10 pm

The Tax Foundation, a national Washington-based nonprofit, releases "Arkansas: A Road Map for Tax Reform," a report on the state's tax code and recommendations for how to change it.