Public Companies Archive

Simmons, Home BancShares Set To Vault Into $10B Club

by George Waldon 1/16/2017 12:00 am

Arkansas membership in the $10 billion bank club should double by the end of September. Home BancShares Inc. and Simmons First National Corp. have two pending acquisitions that will help take them beyond $10 billion to join Arvest Bank Group Inc. and Bank of the Ozarks Inc.

Election Effect Boosts Arkansas Banks

by George Waldon 1/16/2017 12:00 am

Simmons First National Corp. and Home BancShares Inc. were among those companies enjoying sizable stock price bumps during the past two months.

Executive Ranks Shuffle at Flipkart, Eyed by Wal-Mart

by Reuters 1/13/2017 10:52 am

Kalyan Krishnamurthy is named CEO of India's Flipkart, in which Wal-Mart is looking to invest between $750 million and $1 billion.

USA Truck's Christian Rhodes Leaves Company

by Arkansas Business Staff 1/12/2017 03:25 pm

USA Truck Inc. of Van Buren announced the departure of Chief Information Officer Christian Rhodes in a one-sentence filing with the Securities & Exchange Commission.

Judge Orders Wal-Mart to Pay $16M in Gender Bias Lawsuit

by Jonathan Stempel, Reuters 1/10/2017 03:25 pm

Wal-Mart Stores Inc. has been ordered by a federal judge to pay $16.08 million to a former New Hampshire pharmacist in a gender bias case, but the amount is only about half what a jury awarded and may fall substantially further.

Report: Wal-Mart to Cut Hundreds of Jobs This Month

by Sruthi Ramakrishnan, Reuters 1/10/2017 03:15 pm

Wal-Mart Stores Inc. of Bentonville plans to cut hundreds of jobs before the end of January, the Wall Street Journal reported, citing people familiar with the situation.

Energy Sector In Arkansas Expects Shift Under Trump, Not Upheaval

by Kyle Massey 1/9/2017 12:00 am

An oil- and coal-friendly Trump administration is taking power in Washington, promising a real shake-up. Still, Arkansas energy observers caution against expecting a huge shift.

Renewable Trend in Energy May Be Beyond Trump's Grasp

by Kyle Massey 1/9/2017 12:00 am

Donald J. Trump won the presidency after a campaign largely negative to renewable sources like solar and wind power, but forces in favor of cleaner power could prove even bigger than The Donald.

Former Wal-Mart Executive Hired as Family Dollar President

by Arkansas Business Staff 1/6/2017 10:34 am

Dollar Tree Inc. has hired Duncan Mac Naughton as president and chief operating officer of its Family Dollar company, which it acquired in 2015.

Wal-Mart Names John Furner as Next CEO of Sam's Club

by Associated Press 1/6/2017 09:29 am

Wal-Mart says it named John Furner as CEO of its Sam's Club stores to replace Rosalind Brewer, who is retiring next month.

Wal-Mart's Jet.com Acquires ShoeBuy for $70M

by Associated Press 1/5/2017 02:39 pm

The online retailer Jet.com, now owned by Wal-Mart, says it's acquired the footwear-shopping website ShoeBuy for about $70 million. The deal, announced Thursday, closed Dec. 30.

J.B. Hunt, BNSF Request Intermodal Arbitration

by Arkansas Business Staff 1/4/2017 03:08 pm

J.B. Hunt Transport Services Inc. of Lowell and BNSF Railway Co. of Fort Worth requested the revenue sharing of its Joint Service Agreement be decided by arbitration.

Zest Labs Inc. Launches New Freshness Metric

by Arkansas Business Staff 1/4/2017 09:48 am

Zest Labs Inc., a wholly owned subsidiary of Rogers-based Ecoark Holdings Inc., announced Wednesday its new metric that will simplify managing fresh products throughout the supply chain.

2016: The Year in Executive Q&A

by Gwen Moritz 1/2/2017 12:00 am

This week, for the third time, we offer a compilation that appeals to the universal interest in other people: all 50 of 2016's Executive Q&A features in the first issue of Arkansas Business for 2017.

Bonanza Creek Energy to File Bankruptcy

by Tracy Rucinski and Ahmed Farhatha, Reuters 12/27/2016 08:08 am

Bonanza Creek Energy Inc. and two other energy firms announced on Friday plans to file for bankruptcy in coming weeks, joining a long list of U.S. energy companies that have succumbed to a drop in oil prices.

GOP: Cut Taxes, Change Brackets; But What About Deficits

by Associated Press 12/26/2016 08:42 am

Congressional Republicans are planning a massive overhaul of the nation's tax system, a heavy political lift that could ultimately affect families at every income level and businesses of every size. Their goal is to simplify a complicated tax code that rewards wealthy people with smart accountants, and corporations that can easily shift profits — and jobs — overseas. It won't be easy.

Incoming Tyson CEO Tom Hayes Earned $4.6M in 2016

by Marty Cook 12/23/2016 08:38 am

Incoming Tyson Foods Inc. CEO Tom Hayes earned $4.6 million in compensation from the company in 2016, according to Tyson's proxy filing with the U.S. Securities and Exchange Commission.

Burgundy Book: Economic Outlook Better for 2017

by Arkansas Business Staff 12/21/2016 02:41 pm

Sixty-five percent of business contacts in the Little Rock zone expect local economic conditions to be better or somewhat better in 2017, according to the latest Burgundy Book.

Tyson Foods to Spend $13.5M to Improve Kentucky Plant

by Arkansas Business Staff 12/20/2016 02:38 pm

Tyson Foods Inc. of Springdale announces a $13.5 million project to improve its poultry plant in Robards, Kentucky. The project is expected to create 66 jobs there.

From the Political to the Criminal: Top 10 Arkansas Business Stories of 2016

by Arkansas Business Staff 12/19/2016 12:00 am

In a presidential election like no other, Donald Trump proved all the naysayers wrong.