Public Companies Archive

Nontraditional Benefits, Unusual Perks Growing In Popularity

by Luke Jones 4/7/2014 12:00 am

Increasingly, companies are looking to offer benefits that fall outside the normal range: flexible hours, paid lunches, ice cream on Fridays. These perks might not be mentioned in the company handbook, but they're becoming more important in attracting a new generation of employees and keeping the old ones.

Government, Wal-Mart, Tyson Foods Remain Atop Largest Arkansas Employers List

by Marty Cook 4/7/2014 12:00 am

The names of Arkansas' largest employers remain mostly unchanged from a year ago — and every year. State government is still atop the list with nearly 57,000 employees.

Apple Car: A Ripening Idea (Craig Douglass On Consumers)

by Craig Douglass 4/7/2014 12:00 am

The Tesla Model S electric car costs $70,000. The Apple iPhone 5s costs from $199 to $399, depending on the gigabyte storage. But they both use lithium-ion batteries. And that may be the common denominator linking the two companies.

AT&T's Larry Evans On What $1 Billion in Arkansas Can Buy

by Arkansas Business Staff 4/7/2014 12:00 am

Larry Evans oversees sales and operations for about 1,100 AT&T employees, 60 AT&T-owned retail locations and 430 retail partners in Arkansas and Oklahoma

Dillard's 2013 Ad Buys from Stephens Media Companies Slip in Arkansas

by Arkansas Business Staff 4/7/2014 12:00 am

In 2013, Dillard's Inc. of Little Rock spent $3.91 million for advertising to media companies associated with Little Rock investor Warren Stephens.

Mountain Valley Spring Water IPO Plans Go Dry

by Arkansas Business Staff 4/7/2014 12:00 am

Though Mountain Valley Spring Water of Hot Springs was acquired last month, its plans for an initial public stock offering are officially off the table.

Labeed Diab Replaces John Agwunobi as Head of Wal-Mart's Health & Wellness Division

by Arkansas Business Staff 4/7/2014 12:00 am

Dr. John Agwunobi, who joined the Bentonville retailer in 2007 as president for the professional services division in the U.S., departed late last month. Agwunobi's replacement is Labeed Diab, whose title is senior vice president and president for health and wellness. Diab had been senior vice president for Wal-Mart U.S.'s Midwest Division.

Murphy Oil Considers Closing UK Refinery

by Luke Jones 4/4/2014 10:52 am

Murphy Oil Corp. of El Dorado has announced that it was "entering into a period of consultation" regarding the future of its crude oil refinery in Milford Haven, Wales, implying that the refinery may cease operation following the failure of Murphy to sell it.

US Employers Add 192k Jobs; Rate Stays at 6.7 Percent

by Associated Press 4/4/2014 08:50 am

U.S. employers added jobs at a solid pace in March and hired more in January and February than previously thought. Friday's government report sent a reassuring signal that the economy withstood a harsh winter that had slowed growth.

New Charges Filed Against Andrew T. Melton

by Gwen Moritz 4/2/2014 07:52 pm

The former CFO of ThermoEnergy Corp., who was indicted on 12 counts of mail fraud more than a year ago, was charged Wednesday with five additional counts of employment tax fraud.

Janet Yellen: Job Market Needs Low Rates 'For Some Time'

by Associated Press 3/31/2014 11:35 am

Federal Reserve Chair Janet Yellen made clear Monday that she thinks the still-subpar U.S. job market will continue to need the help of low interest rates "for some time."

Flashbacks of Arkansas Business' First 30 Years (Editor's Note)

by Gwen Moritz 3/31/2014 12:00 am

To celebrate Arkansas Business' 30th anniversary, the staff decided to pull out and reprint some of the stories that we felt were the most important, the most interesting and the most fun. Arkansas Business is still reporting on the state economic scene with business executives as its readership, sticking to its mission of providing the revealing, memorable and important business news available in Arkansas.

George Gleason II: The Wizard of Ozark Bankshares

by George Waldon 3/31/2014 12:00 am

When a restless George Gleason II turned his energies from securities law at the Rose Law Firm toward banking, he also met the familiar face of success. Working with business veteran Carl Holt and a young staff, he built the Bank of Ozark with 35 employees and total assets of $28 million into today's Ozark Bankshares Inc., with more than 100 employees and assets totaling $150 million.

Sam's Show: The Spectacle of Wal-Mart's 1988 Shareholders' Meeting

by George Waldon 3/31/2014 12:00 am

Standing here in northwest Arkansas amid the appreciative gathering with sky blue “What's Important Is You” banners hanging from the rafters and scoreboard, the messes is clear: God, America, Wal-Mart. Welcome to the pageantry and spectacle of Sam Walton's capitalism rally — the 1988 Wal-Mart Shareholders' Meeting — touted as the largest shareholders' meeting in America, if not the world.

Oily Deals: Pattern Emerging in Questionable Arkoma Gas Transactions

by Wythe Walker Jr. and David F. Kern 3/31/2014 12:00 am

Jerry Jones has always pleaded innocent in the controversial 1982 Arkla-Arkoma gas deal, a deal worth at least $174.8 million when the final numbers were tallied last fall. This January, a ratepayers' class-action suit declared the deal an insider's rip-off for Arkansas gas consumers who got stuck with an $80 million overcharge bill that went straight into Jones' bulging bank account.

1979 Crash Hurried Magic Mart's End

by Jack Whitsett 3/31/2014 12:00 am

It's easy to forget now, but Wal-Mart wasn't always the dominant discount retailer in the world. As late as 1979, the Bentonville chain arguably wasn't even the dominant Arkansas discounter. That effectively changed the morning of Friday, Dec. 21, 1979, when a Cessna 421 twin-engine plane carrying three vice presidents of Sterling Stores Inc. slammed into a fog-covered hill 4 miles southwest of Locust Grove, near Batesville.

Andrew Kilgore: Portraits in Black and White

by Arkansas Business Staff 3/31/2014 12:00 am

Beginning with the last issue of 1984 and continuing into 1988, Andrew Kilgore photographed business legends and up-and-comers for the cover of Arkansas Business.

John Glasgow to Dillard's: ‘Call Off the Dogs'

by Gwen Moritz 3/31/2014 12:00 am

The relationship between the management of CDI Contractors LLC of Little Rock and half-owner Dillard's Inc. was under tremendous stress in the days before CDI's chief financial officer disappeared on Jan. 28.

Process Server Relates ‘Look of Terror' on Face of Bond Scammer Kevin Lewis

by George Waldon 3/31/2014 12:00 am

Kevin Lewis wasn't a high-profile guy until he started attracting lawsuits and the attention of federal investigators in connection with allegations of bank fraud involving multiple lenders. The day-to-day whereabouts of Lewis might be as enigmatic as the man, but Andy Myers can tell you where Lewis was on Feb. 3. That's the day he caught up with Lewis at his parents' home in Searcy.

An Interview with Alice Walton: Crystal Bridges An Expression of Love

by Jan Cottingham 3/31/2014 12:00 am

Articles about Alice Walton and Crystal Bridges Museum of American Art have tended to focus on big numbers: an $800 million endowment, hundreds of millions of dollars worth of artwork, 200,000 SF of museum space, 250,000 visitors expected to visit the Bentonville showplace yearly. What the stories haven't done is explain why Walton, the only daughter of Wal-Mart founder Sam Walton, chose art as her way to give not just to northwest Arkansas but to the entire world.