Some in the hospitality industry question the timing of raising the federal minimum to $15, fearing added burdens could halt recovery from the COVID-19 pandemic.
Tyson Foods Inc. of Springdale names Donnie King the company's chief operating officer as part of an organizational restructuring.
Walmart swings to a loss in the fourth quarter as the sale of its Japan and United Kingdom divisions weighed on its performance.
Minorities and women do not have the same access to capital as their white male counterparts, a systemic issue that can be addressed, a panel of Arkansas bank leaders and a small-business owner says. read more >
Murphy Oil Corp. of Houston, formerly of El Dorado, has announced plans to offer $550 million in debt through senior notes due in 2028. read more >
Target Corp. extended its strong streak through the holiday quarter and sales grew by more than $15 billion in a pandemic year, exceeding the company's annual sales growth over the past 11 years combined. read more >
Uniti Group Inc. of Little Rock, releasing its preliminary earnings, says it lost $718.8 million, or $3.47 per share, in 2020 and $47.7 million, or 20 cents per share, in the fourth quarter. read more >
Tyson Foods Inc. of Springdale says it is partnering with the nonprofit law firm Arkansas Immigrant Defense to offer free legal services to its employees and their families. read more >
Renee Mauborgne, an economist and professor at international business graduate school INSEAD, will lead the third webcast in a series presented by Arkansas Business throughout 2021. read more >
Costco will increase its starting wage to $16 an hour, surpassing most of its main competitors. read more >
Dillard's Inc. of Little Rock reports fourth-quarter net income of $67 million, down slightly from the same quarter last year, but same-store sales declined 17%. read more >
BSR Real Estate Investment Trust of Little Rock announced Tuesday that it has sold Towne Park at Har-Ber Apartments in Springdale for $31.7 million, 9.7% more than what the REIT paid for the complex in October 2018. read more >
Tyson Foods Inc. of Springdale says it will compensate employees with up to four hours of regular pay if they are vaccinated against the coronavirus outside of work or receive it from a non-company source. read more >
Justin Whitmore is leaving Tyson Foods Inc. of Springdale to take an executive position with Keurig Dr Pepper of Burlington, Massachusetts. read more >
America's Car-Mart Inc. of Rogers reports third-quarter fiscal 2021 revenue of $228.3 million, up from the $186.7 million it reported for the same quarter in fiscal 2020. read more >
An affiliate of RREAF Holdings of Dallas bought the 175-unit apartment complex in North Little Rock from an affiliate of Little Rock's BSR Real Estate Investment Trust. read more >
Trust in information sources is at an all-time low, an infodemic. If trust is low across the board, and information sources cannot be trusted, can business leaders afford to wade into this ocean of trust? I propose business must lead and lead now. read more >
Since Jan. 1, 2020, about half of U.S. businesses continued to pay at least some of their workers told not to work because of the coronavirus pandemic, the federal Bureau of Labor Statistics reported last month. read more >
Since 1988, Arkansas Business has honored the state's top executives, small businesses and nonprofits with the annual Arkansas Business of the Year Awards. read more >
Marketing technology provider Inuvo Inc. of Little Rock says it lost $7.3 million in 2020 and $714,965 in the fourth quarter. read more >
COVID-19 had a continuing effect on Tyson Foods' financials — the company reported $120 million in coronavirus-related expenses during the quarter read more >
Hormel Foods of Austin, Minnesota, known for its meat brands like Spam and Applegate, said Thursday it is buying the Planters nut business from Kraft Heinz Co. for $3.35 billion. read more >
Tyson Foods Inc. of Springdale buys a stake in Malayan Flour Mills Berhad, a food manufacturing company in Malaysia. read more >
James Schafer, the human resources director for Phigenics of Fayetteville, talks to Arkansas Business about how his company works to attract and retain workers. read more >
Murphy Oil Corp. of Houston, which moved from Arkansas to Texas last year, on Feb. 3 declared a quarterly cash dividend of 12.5 cents per share, or 50 cents per share on an annualized basis. read more >
USA Truck Inc. of Van Buren reports fourth-quarter income of $5.9 million for 2020, an increase from a loss of $4.8 million in the same quarter a year ago. read more >
Murphy USA Inc., the El Dorado convenience and gasoline chain with 1,650 stores nationwide, reports fourth-quarter 2020 net income of $61 million, up from $47.6 million in the same period of 2019. read more >
Murphy USA, the El Dorado convenience store and gasoline chain, expanded its national reach to 1,650 stores last week with the closing of its purchase of QuickChek Corp. of White House Station, New Jersey. read more >
ArcBest Corp. of Fort Smith reports fourth-quarter 2020 profit of $23.9 million, up from a loss of $5.5 million in the same quarter of fiscal 2019. read more >
The result of subtraction is called a “difference.” It's what's left when you take one quantity away from another. So, we suppose, subtraction results not only in a difference, but it also can make a difference. read more >
J.B. Hunt Transport Services Inc. of Lowell will test hydrogen-fueled electric tractors next year as part of a pilot program. read more >
Murphy Oil Corp., the longtime Arkansas petroleum company that moved to Houston last year, reported a smaller fourth-quarter loss than expected before the opening of trading Thursday morning. read more >
Simmons First National Corp. of Pine Bluff says fourth-quarter net income was $53 million, up 0.5% from $52.7 million in the same quarter last year. read more >
