Public Companies

Wal-Mart's Top Merchant Out as Key Holiday Nears
Duncan Mac Naughton in 2011.

Wal-Mart's Top Merchant Out as Key Holiday Nears

Wal-Mart's chief merchandising officer for its namesake U.S. division has left as the discounter makes leadership changes to perk up sales as the holiday shopping season revs up.
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J.B. Hunt's Kirk Thompson Appointed to Rand Logistics Board of Directors

Kirk Thompson, chairman of the board at J.B. Hunt Transport Services Inc. of Lowell, has been appointed to the board of directors at Rand Logistics Inc. of New York City.
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HP Earnings Miss Estimates, Show Continued Struggle

Hewlett-Packard Co.'s latest earnings report shows that despite three years of efforts to turn its business around, the venerable tech giant still has a lot more work ahead.
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Former American Airlines CEO Tom Horton Joins Wal-Mart Board

The executive who led American Airlines successfully through bankruptcy reorganization but did not remain long after a huge merger with another carrier has joined the board of Wal-Mart.
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No Daily Report, Morning Report or E-newsletters on Thursday, Friday

Arkansas Business will not send the Daily Report, Morning Report or weekly industry e-newsletters on Thursday and Friday in recognition of the Thanksgiving holiday. read more >

US Economy Grew at 3.9 Percent Rate in 3Q

The U.S. economy grew at a solid 3.9 percent annual rate in the July-September period, even faster than first reported, giving the country its strongest six months of growth in more than a decade. read more >

NWA's 'Vendorville' Lets Down Guard as Millennials Blend In

Cameron Smith, whose efforts to place women on corporate boards of directors was the subject of a front-page story last week, says it's not always easy persuading denizens of New York and Silicon Valley to move to Vendorville, the Bentonville-Rogers-Springdale-Fayetteville metroplex that's home to 1,390 suppliers to Wal-Mart Stores Inc. read more >

Take It From George (Editorial)

One of the mysteries of life is why people refuse to take action that would directly benefit them. Call it the “own worst enemy” syndrome. read more >

Holiday Shopping By the Numbers

Even before the table is cleared and the dishes are washed, a good number of Americans will be abandoning the Thanksgiving feast for the shopping centers and big box retailers. The National Retail Federation's annual Holiday Consumer Spending Survey, conducted by Prosper Insights & Analytics, reports that the mood of consumers is a bit brighter this year, if spending plans are an indicator. read more >

Grand Bancorp Reassembles Lending Duo

Grand Bancorp Inc. of Grove, Oklahoma, is moving forward with the $6 million purchase of Decatur State Bank. The transaction will be funded through a $2.75 million stock offering and a $3.2 million loan from Grand Bancorp. When the deal is completed before year's end, the $128 million-asset Benton County bank will rejoin its sister company, Grand Savings Bank in Grove. read more >

Car-Mart Uses GPS To Improve ‘Efficiency'

Car-Mart announced in its quarterly earnings report in August that it had invested in the GPS technology and the devices were now in about 67 percent of the cars it had sold. It should be no shocking news flash that many car buyers at dealerships such as Car-Mart have little credit or not the best of credit and thus are considered high risk. read more >

Study: CEOs in 10 Big Mergers to Get $430M

This year's flurry of corporate mergers may not pay off for shareholders in the long run, but one thing is for sure: The bosses who are selling their companies will do just fine. read more >

Dillard's Declares Quarterly Dividend

Dillard's Inc. of Little Rock announces a cash dividend of 6 cents per share on its Class A and Class B Common Stock. read more >

USA Truck Adds 2 to Dedicated Freight Team

USA Truck Inc. of Van Buren names Greg Lutes vice president and general manager of the company's dedicated freight team. read more >

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