Public Companies

Reports: Wal-Mart Nabs Another Shopping App, Luvocracy

Reports: Wal-Mart Nabs Another Shopping App, Luvocracy
Luvocracy's website today. The firm is being purchased by @WalmartLabs.

@WalmartLabs, part of Wal-Mart Stores Inc.'s social media division, has acquired another shopping app, Luvocracy. Wal-Mart hasn't disclosed terms of the deal. Founded in 2011, Luvocracy has since been surpassed by Pinterest, another social shopping platform.
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Windstream to Spin Off Some Assets Into Publicly Traded REIT

Windstream Holdings Corp. of Little Rock says it will spin off certain assets, including its fiber and copper network, into a publicly traded real estate investment trust, a move that will lower its debt by $3.2 billion.
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Home BancShares Announces Purchase of Another Florida Bank

The parent company of Centennial Bank of Conway will pay between $33 million and $33.9 million in cash and stock for Broward Financial Holdings Inc.
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America's Car-Mart Adds Kenny Gunderman to Board

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For First Time, Jimmy Dean Moves Beyond Breakfast

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P.A.M. Transportation Net Income Up 81 Percent

P.A.M. Transportation Services Inc. of Tontitown reports second-quarter earnings of $4.9 million, up 81 percent from $2.7 million in the same quarter last year. read more >

Tyson Foods 3Q Profit Climbs 4.4 Percent, Will Sell Chicken Business in Brazil, Mexico

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Tyson Foods to Sell Mexico, Brazil Poultry Operations

Tyson Foods says it will sell its poultry businesses in Mexico and Brazil for $575 million in cash to help pay debt tied to its acquisition of Hillshire Brands. read more >

A Closer Look: Arkansas Unemployment and Employment

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Arkansas Business Presents the 2014 Power List

Arkansas Business introduced “The Power List” in 2006, and after updating it annually for a few years, we decided to spread it out. That means there have been a lot of changes in 20 industries and professions since our last installment in 2011, so we've been doing a lot of rounding up of resumes and photos in the last few weeks. read more >

ArcBest Making Moves Toward Memphis

ArcBest Corp. of Fort Smith is proceeding with plans to move ABF Freight Systems operations from North Little Rock to Memphis. ABF Freight, ArcBest's largest subsidiary, was offered a $4 million incentive from an economic development group to move a distribution center to Memphis where it would undergo a $20.5 million expansion. ArcBest has closed or consolidated 30 terminals in the past year, including two in Arkansas (Harrison and Russellville). read more >

Tyson Foods Closing 3 Plants in Iowa, NY, NM

Tyson Foods Inc. says it's closing three U.S. plants, employing a total 950 workers, which have struggled financially as the company's product needs have changed. read more >

Groups See Competitive Threat In Tyson Foods' Deal for Hillshire

A coalition of 82 farm, consumer and community groups urged the U.S. Justice Department to extend its antitrust division's review of Tyson Foods Inc.'s $8.55 billion deal to acquire Hillshire Brands Co. of Chicago. read more >

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