Acxiom trims jobs
as it realigns focus
Conway-based Acxiom Corp. eliminated several employee positions Monday and Tuesday, a company spokesman said.
"A very small number of Acxiom employees, less than 1 percent of the total worldwide workforce, was affected and informed [Monday and Tuesday]," spokesman Sherry Hamilton said in an email late Tuesday.
Acxiom has 3,260 employees worldwide, according to its annual report filed in May. One percent of that number is 33 employees.
The company "has realigned some teams to better prioritize and deploy key resources to our most important client-related pursuits, initiatives and activities," Hamilton said in the email.
The company reported no other information about the job losses.
Acxiom shares fell 54 cent, or 2.3 percent, to close Wednesday at $23.08.
-- David Smith
GateHouse acquires
Log Cabin Democrat
The Log Cabin Democrat in Conway has been sold to GateHouse Media as part of a deal that includes several other newspapers around the country, its current owner Morris Communications announced Wednesday.
Terms of the deal, which also include the sale of the The Florida Times-Union, a commercial printing operation in Texas and other publications, were not released. The deal is expected to be finalized in October.
GateHouse, which already owns five daily and more than a dozen weekly newspapers in Arkansas, last month closed its Little Rock news bureau and laid off the only reporter who staffed it.
In May, the company consolidated seven weekly newspapers in central Arkansas into two weekly newspapers serving Pulaski and Lonoke counties.
In a story posted on the Log Cabin's website, Cynthia Crabb, group controller for the Conway newspaper, said it would "retain its mission to be Faulkner County's news, advertising and information source since 1879."
-- Gavin Lesnick
Arkansas Index sees
2.17 drop for the day
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, dropped 2.17 to 344.17 Wednesday.
"Equities rallied throughout the day to close relatively unchanged following a drop overnight due to rising geopolitical tensions with North Korea as consumer discretionary stocks and utilities underperformed the broad market," said Leon Lants, managing director at Stephens Inc. in Little Rock.
Total volume for the index was 28 million shares.
The index was developed by Bloomberg News and the Arkansas Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.
Business on 08/10/2017