Public Companies Archive

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.

Acxiom Reports 1Q Loss, Revenue Drops 6 Percent

by Arkansas Business Staff 8/4/2014 03:26 pm

Acxiom Corp. of Little Rock reported a net loss and a 6 percent revenue decline for its first quarter, as the data services firm restructured operations in Europe, saw less money from its IT infrastructure management business and acquired a San Francisco startup called LiveRamp.

Market Disruption Opens New Doors for Bear State Financial

by George Waldon 8/4/2014 12:00 am

The June acquisition of First National Security Co. propelled Bear State Financial Inc. of Harrison into the top tier of Arkansas bank holding companies.

Two Steps Forward, One Back (Editorial)

by Arkansas Business Editors 8/4/2014 12:00 am

Last week's economic news was of the motion sickness-inducing two steps forward, one step back kind.

Simmons First Continues To Prune Branches in Little Rock, Northwest Arkansas

by Arkansas Business Staff 8/4/2014 12:00 am

Simmons First National Bank of Pine Bluff has sold off three more leftover Pulaski County branches.

Bank of the Ozarks Acquires Intervest Bancshares Corp. In $228.5M Deal

by Arkansas Business Staff 8/1/2014 08:41 am

Bank of the Ozarks Inc of Little Rock announces a $228.5 million deal to acquire Intervest Bancshares Corp. and its wholly-owned bank subsidiary, Intervest National Bank.

Murphy Oil 2Q Earnings Off, Production Projection Revised Downward

by Michelle Corbet 7/31/2014 11:43 am

Income from continuing operations in the second quarter was $142.7 million, or 79 cents per diluted share, on flat revenue of $1.3 billion.

Inuvo 2Q Profit Flat, Revenue Down 17 Percent

by Arkansas Business Staff 7/31/2014 10:44 am

Internet marketing and technology company Inuvo Inc. of Conway reports second-quarter net income of $382,291, or 2 cents per share, flat compared to the same quarter last year.

ArcBest 2Q Profit Triples From Last Year

by Marty Cook 7/31/2014 09:45 am

ArcBest Corp. of Fort Smith reports its most profitable quarter in six years, driven by stronger performance in two of its subsidiaries, ABF Freight and Panther Premium Logistics.

USA Truck Reports First Profitable Quarter Since 2011

by Marty Cook 7/31/2014 08:59 am

USA Truck of Van Buren reported its first profitable quarter since 2011 on Thursday, bringing in net income of $700,000, or 7 cents per share. The profit came even after a tough first half of the year marked by hard winter weather and a driver shortage that continues to dog the industry.

America's Car-Mart Adds Kenny Gunderman to Board

by Marty Cook 7/30/2014 02:42 pm

America's Car-Mart Inc. of Bentonville adds Kenny Gunderman to its board of directors at the company's shareholders meeting Wednesday.