J.B. Hunt Reports 2Q Revenue Increase, Income Drop
by Arkansas Business Staff – 3 days ago
J.B. Hunt Transport Services of Lowell reported Monday second-quarter revenue of $2.26 billion, up from $2.14 billion in the same quarter of fiscal 2018.
Public Companies
PAM Transport Reports 2Q Income Incease
3 days ago
PAM Transport Inc. of Tontitown reported Monday second quarter income of $8.65 million, up from $7.3 million in the same quarter a year ago.
Overdraft Fees Provide Steady Cash Stream
4 days ago
Protecting customers from overdrafts, a standard service provided by most banks and credit unions, can also be a lucrative revenue stream.
Big Pay Bump for Car-Mart's CEO
America's Car-Mart CEO Jeff Williams saw his total compensation jump to more than $3 million in fiscal 2019, according to a proxy filed Wednesday with the U.S. Securities & Exchange Commission. read more >
Home BancShares' 2Q Net Income Falls 5%
Home BancShares Inc. of Conway reports second-quarter net income of $72.2 million, up about 5 percent from $76.0 million in the same quarter last year. read more >
Union Pacific Delivers 4% Better 2Q Profit on Lower Expenses
Union Pacific Corp. delivered 4% more profit in the second quarter even though it hauled less freight because it cut its expenses by 7%. read more >
Simmons Bank Names Alejandro Carriles Chief Digital Officer
Simmons Bank names Alejandro "Alex" Carriles executive vice president and chief digital officer. read more >
Walmart, Other Retail Rivals Crash Amazon's Prime Day Party
The gravitational pull of Amazon Prime Day is so strong on shoppers it's benefiting other retailers as well, according to an early analysis from a key data group. read more >
Powell Signals That Rate Cut Could Be Coming Soon
Chairman Jerome Powell signals that the Federal Reserve is likely to cut interest rates late this month for the first time in a decade in light of a weakening global economy and rising trade tensions. read more >
Arkansas Business to Honor 2019's 'Best Places to Work'
Arkansas Business will honor more than 40 companies designated among this year's "Best Places to Work" during an awards luncheon in September. read more >
Murphy Closes $2B Exit From Malaysia, Buys Back Stock
Murphy Oil Corp. of El Dorado has closes on its $2 billion deal to shed its offshore operations in Malaysia, adding that it has also repurchased $300 million in stock. read more >
Meat From A Lab? Startups Cook Up Alternative to Slaughter
A growing number of startups are making cell-based or cultured meat. They want to offer an alternative to traditional meat production that they say is damaging the environment and causing unnecessary harm to animals, but they are far from becoming mainstream and face pushback from livestock producers. read more >
Contract Dispute Darkens KARK on AT&T Cable and DirecTV
Arkansas DirecTV and AT&T U-verse viewers are not seeing KARK-TV, Channel 4, or any other Nexstar Media Group stations on their satellite or cable-TV menus. read more >
Arkansas Emerges as Bull's-eye for Gun Trade
A growing list of gun manufacturers with Arkansas facilities are currently employing more than 3,000. read more >
$70M Investment Brings Arkansas Peanut Industry Out of Its Shell
A $70 million investment in the peanut industry in Arkansas is expected to usher in a new era for farmers. The operation will feature the first peanut-shelling plant in Arkansas and create between 125 and 130 jobs. read more >
Walmart Plans to Cease Gun Sales at New Mexico Stores
Walmart stores in New Mexico plan to stop selling guns later this month after a new state law expanded background checks to nearly all gun purchases. read more >
Update: Uniti Group Says Windstream Should Continue Lease Payments
Uniti Group Inc. of Little Rock responds to a motion filed Friday by creditors of Windstream Holdings Inc. of Little Rock seeking to block Windstream from making lease payments to Uniti. read more >
Collision Victim Says Walmart Exec Hiding Assets
A Tulsa man who was hit by a car while walking in a Bentonville crosswalk alleged the driver is hiding assets to avoid paying him a $350,000 judgment. read more >
Arkansas Companies Dealing With Tariff Costs
President Trump's tariffs of 25% on $250 billion worth of Chinese goods is making some Arkansas business either absorb their price increases or pass the cost hikes to their customers. read more >
$12M Penalty in Fax Case Will Stand
The $12.5 million class-action judgment against a New Jersey man and his business will stand after the Arkansas Supreme Court decided last month not to review the case. read more >
Camden, Danville, Jonesboro Projects Mark Statewide Surge in Solar Power
As Today's Power Inc. of Little Rock and Ouachita Electric Cooperative Corp. dedicated a pioneering solar power plant at Southern Arkansas University Tech in Camden, Scenic Hill Solar announced Thursday the completion of the largest sun array in Yell County. read more >
US Government Investigates Poultry Price-Fixing Claims
The U.S. government is investigating allegations of price-fixing against the country's biggest poultry companies, including Tyson Foods Inc. of Springdale. read more >
Lockheed Martin Gets $562M Contract for Missiles Made in Camden
Lockheed Martin of Bethesda, Maryland, gets a $561.8 million production contract for Army Tactical Missile System (ATACMS) missiles for the U.S. Army and Foreign Military Sales customers. read more >
JetBlue Sues Walmart Over Name of Shopping Service, Jetblack
JetBlue Airways is asking a judge to block Walmart from calling its new text-message personal-shopping service Jetblack, saying the name infringes on the airline's trademarks. read more >
Walmart to Pay $282M to Settle Corruption Probes
Walmart agrees to pay $282 million to settle civil and criminal allegations of overseas corruption, including payment through a Brazilian subsidiary of more than $500,000 to an intermediary known as a "sorceress." read more >
Asian Nations Scramble to Contain Pig Disease Outbreaks
Asian nations are scrambling to contain the spread of highly contagious African swine fever, with Vietnam culling 2.5 million pigs and China reporting more than a million dead in an unprecedentedly huge epidemic some fear is out of control. read more >
Fed Leaves Key Rate Unchanged but Hints of Future Cuts
The Federal Reserve left its key interest rate unchanged Wednesday but signaled that it's prepared to start cutting rates if needed to protect the U.S. economy from trade conflicts and other threats. read more >
Entergy Offers Customers a Way to Purchase Solar Power
As solar and renewable energy use surges and and utilities jump in with their own systems, the state's largest electric utility, Entergy Arkansas, is offering customers a way to run their homes and businesses with sun power. read more >
Lockheed Martin Plans $142M Expansion in Camden, Will Add 326 Jobs
Gov. Asa Hutchinson and officials with Lockheed Martin announce that the company will expand its operation in East Camden, investing $142 million and hiring 326 new employees over the next few years. read more >
Uber Suit Offers Peek Into Gig Economy
Attorney Chris Burks knows the gig economy can be a boon for independent contractors. But the flip side is that employers can have too much of an upper hand. read more >
Jay Meador Returns to IberiaBank (Movers & Shakers)
Jay Meador has rejoined IberiaBank as the new executive vice president and central Arkansas market president. read more >
Amy Tu in Tune with Tyson Tracking Protein Trends
Amy Tu, the EVP and general counsel at Tyson Foods, says there's growing global demand for all forms of protein. read more >
A Look at 'Codetermination,' Bernie Sanders' Big Idea for Walmart's Board (Blake D. Lewis Commentary)
Bernie Sanders' proposal to Walmart is commonly referred to as "codetermination," a practice mandated in several European countries. Blake Lewis explains what it is, how it works and whether we'll see more of it in the U.S. read more >
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