Public Companies

Wal-Mart Cutting Back on Hours for Workers at Some Stores

Wal-Mart Cutting Back on Hours for Workers at Some Stores
Wal-Mart said the cut-backs to some workers' hours apply only to a small number of its 4,500 U.S. locations that are scheduling workers for more hours than expected.

Wal-Mart says it is asking some stores to schedule workers for fewer hours, although it says the directive is only being given to stores that are assigning more hours than they were expected to.
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Cree Rebrands Division That Includes Fayetteville as Wolfspeed

Semiconductor manufacturer Cree Inc. has rebranded its power and radio frequency division, which includes the former Arkansas Power Electronics International of Fayetteville, as Wolfspeed, the publicly traded company announced.
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US Bank Earnings Rose 7.3 Percent in 1Q

U.S. banks' earnings jumped 7.3 percent in the April-June period from a year earlier as revenues increased and the volume of soured loans banks had to write off fell to the lowest level since before the financial crisis.
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Tyson Foods Employee Pleads Guilty to $550,000 Fraud

A former manager at Tyson Foods Inc. waived indictment and pleaded guilty Friday to one count of wire fraud, according to the U.S. Attorney for the Western District of Arkansas. read more >

Tyson Pledges $50M to Help End Hunger

Tyson Foods Inc. of Springdale is pledging $50 million in cash and in-kind donations over the next five years in the fight against hunger, after donating 100 million pounds of food over the past 15 years. read more >

Cree Fayetteville Receives $4M from USAF for F-35 Power Module

Cree Inc., the LED and semiconductor manufacturer that purchased Arkansas Power Electronics International of Fayetteville in July, received a $4.1 million contract from the U.S. Air Force. read more >

USA Truck Executive Leaves Company to Stay in Dallas

Jeffrey Lester, an executive vice president with USA Truck Inc., resigned Aug. 24, after CEO Tom Glaser asked him to work from the company's headquarters in Van Buren on a daily basis. read more >

Bloomberg: Wal-Mart Looking to Rein In Expenses

Wal-Mart, which is investing more than $1 billion in its workforce through training and raises, is now looking to cut costs. read more >

‘Living Beyond His Means' Catches Up With Dennis Smiley Jr.

Henry Dennis Smiley Jr. — the Jr. matters in this case — pleaded guilty Tuesday to a single count of bank fraud. But the plea agreement identifies 23 banks as his victims, and that doesn't include Arvest Bank, which had trusted him to be president of its Benton County market. read more >

Little Rock's Original Fern Bar: How Buster's Birthed Dave & Buster's

Next summer, Dave & Buster's, based in Dallas and co-founded by Corley and Corriveau in 1982, will be opening a location in Little Rock, its first in Arkansas. D&B now has almost 11,000 employees and 73 stores, including one in New York's Times Square. The Arkansas arrival comes 33 years after its founders opened Buster's in Little Rock's Union Station. read more >

A Proud Moment for Our State: The Arkansas Women's Hall of Fame

Erica Swallow writes on the Arkansas Women's Hall of Fame and how the inductees affected her life as a child growing up in northeast Arkansas. read more >

USA Truck Names Head of Mexico Operations

Nichols was most recently the director of international sales at U.S. Xpress Inc. and was director of business development for Con-Way. He has worked in the trucking industry for 35 years, including 20 years of experience involving Mexico. read more >

Inaugural Inductees Honored at Arkansas Women's Hall of Fame

The new Arkansas Women's Hall of Fame inducted its first members, 11 women and one group, during a ceremony Thursday night at the Statehouse Convention Center in Little Rock. read more >

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