Public Companies Archive

Windstream Holdings COO Brent Whittington to Resign

by Arkansas Business Staff 8/19/2014 04:06 pm

Windstream Holdings Inc. of Little Rock said Tuesday that Brent Whittington, its chief operating officer, is resigning effective Sept. 1.

Last Chance to Nominate Candidates for Arkansas Business' 20 in Their 20s List

by Arkansas Business Staff 8/19/2014 11:42 am

Nominations are being accepted for the list of the state's most influential young professionals, "The New Influentials: 20 in Their 20s."

Public Company Board Service Can Mean Lots of Work and Risk

by Gwen Moritz 8/18/2014 12:00 am

This week we list all directors of 19 publicly traded companies headquartered in Arkansas and the compensation they received for service on the boards in the most recent fiscal year. It's work that's “a whole lot harder” than it used to be.

Windstream Spinoff Hits Dividend Even More Than You Think

by Michelle Corbet 8/18/2014 12:00 am

On July 29, Windstream Holdings Inc. sent shock waves through Wall Street when it announced it would spin off most of its physical assets — mostly copper wires and fiber-optic cables — into a separate, publicly traded real estate investment trust.

Dillard's 2Q Profit Down 5 Percent, Same-Store Sales Up 1 Percent

by Lance Turner 8/15/2014 07:40 am

Dillard's Inc. of Little Rock posted a 5 percent drop in second-quarter earnings, but same-store sales rose 1 percent. CEO William T. Dillard II says executives are "somewhat disappointed in the bottom line performance."

Wal-Mart Cuts Profit Outlook Amid Sluggish Sales, Less Traffic

by Associated Press 8/14/2014 07:26 am

Wal-Mart Stores Inc. cut its annual profit outlook on Thursday as the world's largest retailer faced another quarter of sluggish sales and traffic declines.

Bank of the Ozarks, Home BancShares Among Top Performing Banks

by Lee Hogan 8/13/2014 10:38 am

The second and third largest banks in Arkansas were recognized as some of the top performers in Bank Director magazine's 2014 Bank Performance Scorecard.

Tyson Foods Extends Hillshire Tender Offer As Feds Seek More Deal Details

by Lance Turner 8/13/2014 08:24 am

Tyson Foods Inc. of Springdale extends its tender offer for Hillshire Brands of Chicago as the U.S. Department of Justice seeks more details on the pair's $8.5 billion merger plan. Tyson Foods' original tender offer was set to expire on July 16. It has now been extended to Aug. 19.

Wal-Mart: When It Comes to New Ideas, Try, Try Again

by Associated Press 8/12/2014 11:00 am

Wal-Mart took what it learned from the "Scan & Go" app to create another service: It found that customers like being able to track their spending, an insight that became the impetus for a program that enables shoppers to store electronic receipts.

Whistleblower Case Alleges Fraud Against Wal-Mart

by Arkansas Business Staff 8/11/2014 12:00 am

A former executive of a personal care products company said she was canned for reporting an alleged fraud that her firm was committing against its biggest customer — Wal-Mart Stores Inc.

Simmons First Expects More Merger Expenses

by Arkansas Business Staff 8/11/2014 12:00 am

You may have missed this in Simmons First National Corp.'s second-quarter numbers, but it spent $2.6 million on merger-related costs for the quarter that ended June 30.

Trucking Firms Raise Pay To Keep Moving

by Marty Cook 8/11/2014 12:00 am

Listen to any Arkansas trucking company executive — with the possible exception of unionized ABF Freight — and you will hear lamentations about driver shortages in the industry. Short of cultural change to repopularize the job, executives know they have to pay more to attract drivers and work harder to keep them. The trend doesn't look like it is going to get any better anytime soon.

Arvest Bank Settles With 18 Dennis Smiley Creditors

by George Waldon 8/8/2014 07:58 am

Arvest Bank of Fayetteville has settled with 18 of 20 creditors who loaned money to one of its former executives, Dennis Smiley Jr. Only First State Bank of De Queen, where Smiley's namesake father is chairman, and Signature Bank of Arkansas in Fayetteville remain as possible claimants seeking money from Smiley's Arvest Bank Group stock purchase and stock option plans.

Update: Cliff Beckham to Resign From USA Truck

by Marty Cook 8/7/2014 01:36 pm

USA Truck Inc. of Van Buren says Clifton R. Beckham, the company's former CEO and now its executive vice president and CFO, will resign effective Sept. 30, part of a planned transition that began when Beckham helped hire the trucking firm's chief executive John Simone.

Murphy USA 2Q Income Up 4 Percent

by Michelle Corbet 8/7/2014 11:35 am

Murphy USA Inc. of El Dorado announces second-quarter income from continuing operations $73.2 million, or $1.57 per diluted share, up 4 percent from $70.3 million, or $1.50 per diluted share, in the same quarter last year.

Update: Windstream 2Q Net Income Down 65 Percent

by Lance Turner 8/7/2014 07:19 am

Windstream Holdings Corp. of Little Rock reports second-quarter net income of $14 million, or 2 cents per share, down 65 percent from $40 million, or 6 cents per share, the same quarter last year.

Knight Transportation Unloads More USA Truck Shares

by Marty Cook 8/6/2014 08:38 am

Knight Transportation Inc. of Phoenix sold another 142,000 shares of USA Truck this past week according to a filing with the Securities & Exchange Commission.

Nominate Now for Arkansas Business' CFO of the Year Awards

by Arkansas Business Staff 8/5/2014 11:28 am

Arkansas Business is searching for the state's most outstanding chief financial officers for its sixth "CFO of the Year" awards. You can nominate CFOs here.

Southwestern Energy Says Fayetteville Shale Outpaces Expectations

by Michelle Corbet 8/5/2014 10:50 am

Southwestern Energy of Houston says its natural gas wells in central Arkansas' Fayetteville Shale Play and the Northeast United States' Marcellus Shale have continued to outpace expectations in the second quarter.

Gannett, Owner of THV, Baxter Bulletin, Splits Publishing, Broadcasting in Two

by Associated Press 8/5/2014 07:23 am

Gannett is splitting its broadcast and publishing business in two, joining other major media players in allowing fast growing TV and digital operations to operate more freely.