Public Companies Archive

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.

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.

BET Founder Robert Johnson Aims to Help Others With Good Ideas

by Kyle Massey 11/18/2016 04:19 pm

Robert L. Johnson, founder of Black Entertainment Television and America's first African-American billionaire, tells tales from a charmed business career during a humor-filled talk at the annual meeting of the Little Rock Regional Chamber.

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.

Simmons First to Pay $72M for Third Bank in Tennessee

by Gwen Moritz 11/17/2016 07:04 pm

Simmons First National Corp. of Pine Bluff has struck a deal to acquire another Tennessee bank: First South Bank of Jackson.

Home BancShares to Buy Bank of Commerce in Florida

by Lance Turner 11/17/2016 02:18 pm

A bankruptcy court in Florida declares Home BancShares Inc. of Conway the successful bidder to buy The Bank of Commerce, a Florida state-chartered bank that operates in the Sarasota area.

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.

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.

CS&L Reports 3Q Loss, Acquisition in Latin America

by Lance Turner 11/14/2016 11:51 am

Communications Sales & Leasing Inc. announces a third-quarter loss while revenue rose 15 percent and the company announced an acquisition of communications towers in Latin America.

Penney's Reports 3Q Sales Shortfall, Cuts Outlook

by Associated Press 11/11/2016 10:45 am

J.C. Penney cut its sales outlook for the year after reporting a surprise decline for a key sales figure during the third quarter as it wrestled with sluggish clothing sales.

Dillard's Sees 3Q Profit Down 50 Percent Amid More Sales Declines

by Arkansas Business Staff 11/10/2016 04:06 pm

Dillard's Inc. of Little Rock reports third-quarter net income of $22.8 million, down 50 percent from the same quarter last year, and same-store sales continued a streak of declines. CEO William Dillard II said the retailer is working through a "tough time."

Medical Marijuana: A Fact of Life for Arkansas Employers (Stuart Jackson Commentary)

by Stuart Jackson 11/10/2016 09:57 am

Arkansas is the latest of many states to allow medical marijuana. What does the new law do, and how will it play out in the Arkansas workplace?

Wal-Mart Boosts Online Holiday Inventory for Black Friday

by Nandita Bose, Reuters 11/10/2016 07:32 am

Wal-Mart Stores Inc. of Bentonville will boost its online inventory for Black Friday by more than half this year and make deals available on its website early Thanksgiving morning.

US Stocks Gain Following Trump Victory; Bond Prices Tumble

by Associated Press 11/9/2016 11:26 am

Major U.S. stock indexes moved higher in morning trading Wednesday as Wall Street sized up the implications of Donald Trump's stunning presidential election victory.

Wal-Mart Sued Over Sale of Fake 'Egyptian Cotton' Linen

by Jonathan Stempel, Reuters 11/9/2016 10:33 am

Wal-Mart was sued on Tuesday on behalf of consumers who said the world's largest retailer sold products falsely labeled "100 % Egyptian Cotton" from an Indian textile company for many years after it first became suspicious of their origin.

Robert L. Johnson to Speak at Little Rock Chamber's 151st Meeting

by Arkansas Business Staff 11/8/2016 11:36 am

Robert L. Johnson, founder of The RLJ Companies and Black Entertainment Television (BET), will be the featured speaker at the Little Rock Regional Chamber of Commerce's 151st annual meeting on Nov. 18.