Investments Archive

Northwest Arkansas Plugs Into Innovation

by Marty Cook 5/20/2019 12:00 am

Nelson Peacock is hopeful that the arrival of a global innovation company will help spur northwest Arkansas' business ecosystem and solve some nagging logistical problems.

Joe Clay Young Moves Up at Merrill Lynch (Movers & Shakers)

by Arkansas Business Staff 5/20/2019 12:00 am

Joe Clay Young IV was recently promoted from first vice president to senior vice president at Merrill Lynch in Jonesboro. Brenda Eldridge has been hired as chief financial officer at Partners Bank of Helena, the new name of the bank previously known as Helena National Bank.

Dillard Says Company's Stock Price 'Not a Happy Topic'

by Mark Friedman 5/18/2019 12:24 pm

Dillard's Inc. CEO, speaking Saturday at the retail chain's annual meeting in Little Rock, viewed the company's stock price drop last week as a good buying opportunity.

Ritter Communications Seeks Partner in Continued Growth Push

by Todd Traub 5/17/2019 03:37 pm

Ritter Communications of Jonesboro is looking for a partner, not a buyer. Responding to a Wall Street Journal article, officials of the family-owned, regional broadband provider said that at this time the company is seeking investment partners only.

Walmart Warns: Higher Tariffs on China Mean Higher Prices for Customers

by Anne D'Innocenzio, The Associated Press 5/16/2019 10:02 am

Walmart warns higher tariffs on Chinese imports mean higher prices. "We're monitoring the tariff discussions and are hopeful that an agreement can be reached," said CFO Brett Biggs.

Walmart 1Q Beats Earnings Expectations As Same-Store Sales Rise 3.4%

by Anne D'Innocenzio, The Associated Press 5/16/2019 06:16 am

Walmart delivered a mixed bag in the first quarter, beating Wall Street expectations on profit but not revenue. Meanwhile, same-stores sales rose and e-commerce soared.

Uniti Group Reports 1Q Income of $2.5M

by Sarah Campbell-Miller 5/15/2019 11:27 am

Uniti Group Inc. of Little Rock reports first-quarter net income of $2.5 million, or 1 cent per share, up from $1.2 million, or a loss of 1 cent per share, in the same quarter last year.

Windstream Reports $2.3B 1Q Loss; CEO Signals Lease Changes with Uniti Group

by Sarah Campbell-Miller 5/15/2019 11:00 am

Windstream Holdings Inc. of Little Rock, still working through Chapter 11 bankruptcy, reports a first-quarter net loss of $2.3 billion, or $54.26 per share.

Bankruptcy Judge Approves Up to $24M in Bonuses for Windstream Execs

by Lance Turner and Mark Friedman 5/15/2019 10:17 am

A bankruptcy judge in New York approved Windstream Holdings Inc.'s request to use up to $24 million for bonuses for top executives, including CEO Tony Thomas and CFO Robert Gunderman.

PAM Transport to Buy Back Up to 200K Shares

by Lance Turner 5/14/2019 11:15 am

PAM Transportation Services Inc. of Tontitown says it will buy up to 200,000 shares, or about 3.4%, of its outstanding common stock in a modified "Dutch auction" tender offer.

Walmart Begins Rolling Out Next-Day Shipping

by Anne D'Innocenzio, The Associated Press 5/14/2019 06:46 am

Walmart is rolling out free next-day delivery on its most popular items, increasing the stakes in the retail shipping wars. The retailer says next-day delivery will roll out to 75% of the U.S. population by year-end.

BSR Starts Work on $15.6M Phase Two at Wimbledon Green

by Lance Turner 5/13/2019 10:31 am

BSR Real Estate Investment Trust of Little Rock said last week that it has started construction on the $15.6 million second phase of its Wimbledon Green property in Little Rock.

Warren Stephens Stands by Startup's CEO Marc Gorlin

by Arkansas Business Staff 5/13/2019 12:00 am

Warren Stephens says he has confidence in Marc Gorlin, founder and CEO of crowdsourced delivery service startup Roadie, in which Stephens has invested. After all, he said, look at Kabbage, which “turned out to be a great investment.”

Schwyhart Manor in Rogers, Nearly $3.2M Draw Scrutiny

by George Waldon 5/13/2019 12:00 am

The dispute between Bill and Carolyn Schwyhart and creditors has also brought into question what happened to nearly $3.2 million from a once-secret settlement unveiled earlier this year.

Startup Roadie Gets More Stephens Cash

by Jan Cottingham 5/13/2019 12:00 am

Five years after its founding, Roadie, the crowdsourced delivery service startup based in Atlanta, has attracted partnerships with major retailers, including Walmart, and, in February, $37 million in new funding.

Markham West Ownership Shifts in $19.7M Transaction (Real Deals)

by George Waldon 5/13/2019 12:00 am

Affiliates of Weingarten Realty of Houston, Texas, were on either side of a $19.75 million transaction involving a 166,735-SF retail project in west Little Rock.

Jonathan Mariner Joins Tyson Foods' Board

by Arkansas Business Staff 5/10/2019 09:40 am

Tyson Foods Inc. of Springdale says Jonathan D. Mariner has joined its board of directors.

Walmart Details Employee Pay, Sustainability Goals in New Report

by Lance Turner 5/8/2019 10:58 am

Walmart Inc. of Bentonville releases its first "Environmental, Social and Governance" report, detailing the retailer's progress toward goals involving sustainability, economic and climate change initiatives.

Tyson Foods to Launch Meatless Protein Products This Year

by Lance Turner 5/7/2019 09:04 am

Just days after confirming that it sold its stake in Beyond Meat, Tyson Foods Inc. of Springdale said it would launch its own meatless protein products this summer.

Tyson Foods' Fiscal 2Q Earnings Beat Expectations

by Arkansas Business Staff 5/6/2019 06:48 am

Tyson Foods Inc. reports fiscal second-quarter net income of $426 million. The Springdale, Arkansas-based meat processor said it had net income of $1.17 per share.