Public Companies Archive

Groups See Competitive Threat In Tyson Foods' Deal for Hillshire

by Marty Cook 7/25/2014 01:20 pm

A coalition of 82 farm, consumer and community groups urged the U.S. Justice Department to extend its antitrust division's review of Tyson Foods Inc.'s $8.55 billion deal to acquire Hillshire Brands Co. of Chicago.

Bill Simon Stepping Down As Leader of Wal-Mart's U.S. Stores

by Lance Turner 7/24/2014 07:56 am

Wal-Mart Stores Inc. of Bentonville says Bill Simon, president and CEO of its U.S. stores, is leaving the company. The retailer named Greg Foran, 53, as his successor. Simon had been the leader of Wal-Mart's domestic operations since June 2010. Foran takes over on Aug. 9.

Deltic Timber 2Q Net Down Against One-Time Gains

by Arkansas Business Staff 7/23/2014 04:52 pm

Deltic Timber Corp. of El Dorado reports second-quarter net income of $5.3 million or 42 cents per share, down 53 percent from the same time last year.

Home BancShares Raises Quarterly Dividend 33 Percent

by Arkansas Business Staff 7/21/2014 11:21 am

Home BancShares Inc. of Conway raises its quarterly dividend 33 percent to 10 cents per share.

Bank of the Ozarks Responds to 'Say on Pay' Vote

by Gwen Moritz 7/21/2014 12:00 am

Say-on-pay votes are not binding in the first place, and the vast majority pass, but say on pay is having an impact even for companies whose compensation packages get voter approval, and a perfect example is in Little Rock: Bank of the Ozarks Inc.

Top Brands Fuel Tyson's Biggest Play

by Marty Cook 7/21/2014 12:00 am

Tyson officially began the process of buying Hillshire Brands Co. of Chicago on Wednesday, according to a filing with the Securities & Exchange Commission. For Tyson executives, though, the chance to acquire Hillshire's enviable top-rated brands was irresistible.

Wal-Mart Execs Naturally Dominate List of Executive Compensation

by Gwen Moritz 7/21/2014 12:00 am

Top executives at the world's largest company continue to dominate Arkansas Business' annual list of public company executive compensation, starting with the new CEO, Doug McMillon.

Proposal Would Raise Arkansas' Minimum Wage Rate

by Arkansas Business Staff 7/21/2014 12:00 am

Arkansas' minimum wage of $6.25 an hour, which applies to all employers with four or more employees, is one of only four state minimums that remain below the federal wage of $7.25 hourly.

Wal-Mart Bribery Case Creeps Along in Court

by Mark Friedman 7/21/2014 12:00 am

A U.S. District Court judge in Arkansas ruled last month that a lawsuit filed in 2012 against Wal-Mart Stores Inc. and its directors over allegations of bribery in Mexico can move forward.

Lessons Learned (Editorial)

by Arkansas Business Editors 7/21/2014 12:00 am

One of our best additions to the pages of Arkansas Business in our redesign three years ago has turned out to be the weekly Executive Q&A. It's a good way of getting new voices into the paper, voices largely unfiltered by editors because the Q&As are usually done via email and we publish the answers largely as written (though sometimes abbreviated because of space constraints).

Simmons Bank's Daniel Robinson Promoted to Northeast Arkansas Community President

by Arkansas Business Staff 7/21/2014 12:00 am

Daniel Robinson has been promoted from commercial loan officer to northeast Arkansas community president at Simmons Bank of Jonesboro. He joins Barry Ledbetter, who was recently promoted to regional chairman for central and northeast Arkansas.

Layoffs, Branch Closures Firming Up as Simmons Readies To Close on Delta Trust

by Arkansas Business Staff 7/21/2014 12:00 am

Some employees of Delta Trust & Bank were given notice last week that they might not be with the company after it is acquired by Simmons First National Corp. of Pine Bluff next month.

Home BancShares Completes Purchase of Florida Traditions Bank

by Lance Turner 7/17/2014 02:01 pm

Home BancShares Inc. of Conway, the parent company of Centennial Bank, completes its previously announced acquisition of Florida Traditions Bank.

Simmons First National 2Q Profit Up 50 Percent

by Lance Turner 7/17/2014 09:10 am

Simmons First National Corp. of Pine Bluff reports a 50 percent rise in second-quarter profit, part of what CEO George Makris called a "landmark quarter" for the fast-growing financial holding company.

Another Record: Home BancShares' 2Q Profit Up 60 Percent

by Lance Turner 7/17/2014 08:30 am

Home BancShares Inc. of Conway reports second quarter profit of $28.4 million or 43 cents per share, another record and a 60 percent increase from the $17.7 million or 31 cents per share it reported in the same quarter last year.

J.B. Hunt Quarterly Profit Rises 6.5 Percent to $93.4M

by Marty Cook 7/15/2014 08:37 am

J.B. Hunt Transport Services Inc. of Lowell reports second-quarter profit of $93.4 million, or 79 cents per share, up 6.5 percent from $87.7 million, or 73 cents per share, in the same quarter last year. But CEO John Roberts III cited a "difficult driver recruiting environment" that has challenged growth.

Bank of the Ozarks 2Q Earnings Up 30 Percent

by George Waldon 7/14/2014 04:51 pm

Bank of the Ozarks Inc. of Little Rock today reported second quarter net income of $26.5 million, a 29.9 percent increase compared to 2013, and net income for the first two quarters was up more than 28 percent. CEO George Gleason noted recent acquisitions but said it's the company's "ability to organically grow our portfolio of high quality, good yielding loans and leases" that have been even more important.

Wal-Mart Hears Pitches for U.S.-Made Goods

by Marty Cook 7/9/2014 08:42 am

Executives with Wal-Mart met with more than 500 suppliers of manufactured goods Tuesday in its "Made in USA Open Call," a chance for manufacturers to pitch their goods to Wal-Mart buyers.

Wal-Mart Takes Top Spot in Fortune Global 500

by Lee Hogan 7/8/2014 10:59 am

Wal-Mart Stores Inc. of Bentonville returned to the top of the Fortune Global 500 rankings that were released Monday.

Simmons to Donate Eudora Bank Branch to Southern Bancorp

by Gwen Moritz 7/7/2014 10:21 am

Simmons is acquiring the branch with its pending purchase of Delta Trust & Bank but is being required under federal regulations to divest itself of the additional market share in the same Federal Reserve market area as Simmons' existing Lake Village branches.

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