Public Companies Archive

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.

Who Owns The Rights To Wal-Mart's Photographs?

by Mark Friedman 5/26/2014 12:00 am

Wal-Mart Stores Inc. has sued a Fayetteville photography studio, claiming it owns the rights to photos taken of Sam Walton and his family. Both Wal-Mart Stores Inc. of Bentonville and Helen Huff of Fayetteville can agree that her husband, David Huff, and his father, Robert Huff, both now deceased, took dozens of photos of the retailer's founder, Sam Walton, and his family.

Your Brain on Lists (Editorial)

by Arkansas Business Editors 5/26/2014 12:00 am

There is something in the human brain that likes to see data organized in lists. In our newsroom, we know that our weekly lists are primarily used for sales leads — that's a service to our audience that we are happy to perform.

I've Got a Tip for You (Gwen Moritz Editor's Note)

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

Every other year since 2000, the Association of Certified Fraud Examiners has issued a big, thick study that it calls, ominously, “Report to the Nations on Occupational Fraud.” The eighth Report to the Nations was released this month, and it came to the same conclusion as earlier ones: A typical organization loses 5 percent of revenue each year to fraud.

Teamsters Appealing to Gov. Beebe to Save ABF Jobs in NLR

by Marty Cook 5/23/2014 03:11 pm

The president of the Teamsters local in North Little Rock says he will meet with Gov. Mike Beebe next week as the union tries to keep ABF Freight Systems from moving its distribution center — and most of its 300-plus jobs — to Memphis.

UPDATE: USA Truck Expands Board of Directors for Largest Shareholders

by Marty Cook 5/23/2014 01:33 pm

USA Truck Inc. of Van Buren expanded its board of directors to make room for representatives from its largest shareholders. Stone House Capital and Baker Street, that formed United Shareholders for the Benefit of USAK, now own nearly 3 million shares, or 28 percent in the trucking firm.

Export Awards Honor Arkansas Steel, Triangle Engineering, SweepScrub, Harris International, POM

by Mark Carter 5/22/2014 02:11 pm

Five Arkansas companies that do business overseas were honored at the fifth annual Governor's Award for Excellence in Global Trade awards luncheon.

Renewable Energy Group Buys Tyson Foods' Stake in Dynamic Fuels

by Arkansas Business Staff 5/21/2014 03:59 pm

Renewable Energy Group Inc. has reached an agreement with Tyson Foods Inc. of Springdale to acquire Tyson's 50 percent ownership of Dynamic Fuels LLC, the companies announced Wednesday.