Public Companies Archive

GDP in U.S. Grows 1.8% in 2013, Arkansas Sees 2.4% Rise

by Arkansas Business Staff 6/23/2014 12:00 am

Real gross domestic product grew 1.8 percent in the United States last year, a slowdown when compared with 2012, when GDP rose 2.5 percent.

Pay Tops $1 Million For Seven on Highest-paid Nonprofit Employees List

by Gwen Moritz 6/16/2014 12:00 am

Seven nonprofit employees in Arkansas who earned more than $1 million in the 2012 tax year are either medical doctors or hospital administrators, as are the vast majority of the 262 nonprofit employees whose compensation exceeding $215,000 is reported in this issue.

America's Car-Mart Execs Do Without Bonuses

by Gwen Moritz 6/13/2014 03:45 pm

America's Car-Mart's disappointing bottom line in its most recent fiscal year was reflected in the compensation its top executives received, the proxy statement filed this week shows.

Report: Fernando Madeira Named Walmart.com CEO

by Lee Hogan 6/10/2014 10:22 am

Fernando Madeira, president and CEO of Latin America at Wal-Mart e-commerce, has been named chief executive officer of Walmart.com., according to a report from Bloomberg.

Tyson Foods Would Boost Prepared Foods in $8.5B Hillshire Deal

by Lance Turner 6/9/2014 11:32 am

Meat producer Tyson Foods Inc. has won a bidding war for Hillshire Brands, the maker of Jimmy Dean sausages and Ball Park hot dogs, with a $63 per share offer. Both Tyson and Pilgrim's Pride had been bidding of Hillshire. Pilgrim's Pride says it is withdrawing its offer.

Teamsters Fear ABF Freight's Plans to Move

by Marty Cook 6/9/2014 12:00 am

Tim Nichols, the head of Local 878, has 3,000 union members who work for 18 companies throughout the state. ArcBest Corp. of Fort Smith is leaning toward moving ABF Freight, its largest subsidiary, to Memphis, which would result in a major reduction of its operations in North Little Rock.

Bear State Buy Poised To Take Assets to $1.5B

by George Waldon 6/9/2014 12:00 am

Bear State Financial Inc. of Harrison, recently renamed from First Federal Bancshares of Arkansas, is days away from almost tripling its size with the pending acquisition of First National Security Co. of Hot Springs.

Update: Wal-Mart Executives Focus On Small Stores, Online

by Marty Cook 6/6/2014 01:30 pm

Same-store sales continue to drop for Wal-Mart Stores Inc. of Bentonville, but U.S. stores division CEO Bill Simon seemed to shrug off concerns Thursday during question-and-answer session with reporters.

Wal-Mart's Doug McMillon: Online Sales, Stores Make Customer Experience Better

by Anne D'Innocenzio, The Associated Press 6/6/2014 11:44 am

Wal-Mart's newly anointed CEO Doug McMillon said the world's largest retailer's task is to bring the changing world of e-commerce together with physical stores to help make customers' shopping experience better as technology evolves.

Greg Penner Named Wal-Mart Board Vice Chairman

by Lance Turner 6/6/2014 08:52 am

Wal-Mart Stores Inc.'s board of directors announces the appointment of Greg Penner to the new position of vice chairman of the board.

Franklin McLarty Named to P.A.M. Board of Directors

by Marty Cook 6/5/2014 09:19 am

McLarty is president and CEO of RML Automotive and senior vice president and board member for the McLarty Cos. He will sit on the P.A.M. board's audit committee.

First Federal Bancshares Changes Name to Bear State Financial

by George Waldon 6/3/2014 10:55 am

First Federal Bancshares of Arkansas Inc. of Harrison is now Bear State Financial Inc. The name change approved by shareholders on March 21 became effective Tuesday.

Arkansas Tells ABF Freight: Think About West Memphis for Terminal Move

by Marty Cook 6/3/2014 10:31 am

Arkansas Gov. Mike Beebe told union representatives he would not support cash incentives for ArcBest Corp.'s new Fort Smith headquarters after subsidiary ABF Freight said it is considering moving its North Little Rock distribution center to Memphis.

ArcBest Corp. Unveils $30M Plan for New Headquarters in Fort Smith

by Lance Turner and Marty Cook 5/30/2014 01:39 pm

ArcBest Corp. of Fort Smith said Friday that it will buy 40 acres of land at Chaffee Crossing in Fort Smith to build a new corporate headquarters. The $30 million project will allow the firm to support 975 new jobs in Fort Smith through 2021.

USA Truck Expands Board to 10, Adds Alexander Greene

by Marty Cook 5/30/2014 10:52 am

Alexander Greene, a managing partner with Brookfield Asset Management, joins the now 10-member board. USA Truck named Vadim Perelman and Thomas Glaser to the board on May 23.

Update: Tyson Foods Wants to Buy Hillshire Brands In $6.8B Deal

by Lance Turner and Marty Cook 5/29/2014 11:44 am

Tyson Foods Inc. of Springdale proposes the biggest acquisiton in its history, offering to purchase Hillshire Brands for $50 per share, or about $6.8 billion. The offer comes as Hillshire weighs another merger proposal by Pilgrim's Pride and the purchase of Pinnacle Foods.

Video: Highlights From Wal-Mart CEO Doug McMillon's Appearance at Code Conference

by Lance Turner 5/28/2014 04:26 pm

Highlights from Wal-Mart Stores Inc. CEO Doug McMillon's appearance today at the Code Conference, put on by Kara Swisher and Walt Mossberg's tech news site Re/Code.

Update: America's Car-Mart 4Q Profit Drops 28 Percent

by Marty Cook 5/28/2014 01:04 pm

America's Car-Mart Inc. of Bentonville reports fourth-quarter net income of $6.8 million, down 28 percent from the same quarter last year as "too many" of its customers didn't "successfully fulfill the requirements of their contracts."

Simmons First to Buy Liberty Bancshares in Missouri in $207M Deal

by Lance Turner and Gwen Moritz 5/28/2014 08:29 am

Simmons First National Corp. of Pine Bluff is buying yet another bank, Liberty Bancshares Inc. of Springfield, Missouri. Per the deal, Simmons First will acquire all outstanding common stock of Liberty in an all-stock transaction valued at about $206.9 million.

Four Join List of 75 Largest Private Companies in Arkansas

by Gwen Moritz 5/26/2014 12:00 am

The 75 largest private companies in Arkansas generated total revenue — self-reported and estimated — of $31.15 billion in their most recent fiscal years, and the price of entry to the list was $88.8 million.