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Wednesday, August 05, 2015, 5:36 a.m.
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Business in Arkansas
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State agency returns $450,000 unspent

posted: 08/05/2015 2:11 a.m. Discuss

Mike Preston, the new executive director of the Arkansas Economic Development Commission, said Tuesday that he won't spend leftover money in the commission's budget for the sake of balancing the books. Any unspent funds should and have been returned to the state's coffers, he said.

No oil-price rally, drillers seek cuts

posted: 08/05/2015 2:08 a.m. Discuss

The CEOs of U.S. energy companies had been hoping the second half of 2015 would deliver a recovery in oil prices, but now, almost a year after prices started to fall, oil is tumbling again, dipping to six-month lows this week.

E-waste recycler in D.C. spotlight

posted: 08/05/2015 2:07 a.m. Discuss

The chief executive of BlueOak, an electronics recycling company opening its first plant in Arkansas this month, got to show off the new company Tuesday at a White House event focused on small business.

Trucker's 2Q income hits $2.5M

posted: 08/05/2015 2:06 a.m. Discuss

USA Truck reported $2.5 million in net income, or 23 cents per share, for the second quarter of 2015, but executives said they're taking a comprehensive look at ways to "restore" the company's momentum after a dip in revenue.

News in brief

posted: 08/05/2015 2:01 a.m. Discuss

N.Y. fines 5 retailers over toy gun coloring Wal-Mart Stores Inc. and other retailers have reached an agreement with the state of New York after they were found to be in violation of laws prohibiting the sale of certain types of toy guns.

Windstream awarded $450M contract with VA

posted: 08/04/2015 11 a.m. Discuss

Little Rock-based Windstream Holdings Inc. has been awarded a contract by the U.S. Department of Veterans Affairs to provide voice, data and Internet services, which could be worth up to $450 million over the next five years, the company said Tuesday.

USA Truck profit rises in 2nd quarter

posted: 08/04/2015 7:55 a.m. Discuss

Van Buren-based USA Truck Inc. on Tuesday reported a rise in second-quarter profit, its 11th consecutive quarter of financial improvement as it continues its turnaround plan.

Tyson shares fall 9.9 percent

posted: 08/04/2015 2:42 a.m. Discuss

Tyson Foods Inc. reported income and sales growth Monday for the third quarter, but its stock declined $4.39 per share after the company missed analysts' estimates and lowered its financial expectations for the 2015 fiscal year.

LR Main Street Lofts sees 3 file liens

posted: 08/04/2015 2:39 a.m. Comments 2

A contractor, material supplier and the design firm that worked on the Main Street Lofts project in downtown Little Rock have filed multiple liens seeking more than $1.4 million that has gone unpaid over the past 2 1/2 years.

ArcBest tops forecasts with $20M 2nd-quarter profit

posted: 08/04/2015 2:37 a.m. Discuss

ArcBest Corp. reported $20 million in net income, or 74 cents per share, for the second quarter of 2015, turning in what Chief Executive Officer Judy McReynolds described as a "strong" quarter with profit growth across all of the company's businesses.

News in brief: Acxiom closes sale of infrastructure arm

posted: 08/04/2015 2:31 a.m. Discuss

Two private-equity firms have closed on their purchase of Acxiom Corp.'s information-technology infrastructure management operations.

Getting it straight

posted: 08/04/2015 2:29 a.m. Discuss

Mikel A. Durham, recently named to the Tyson Foods Inc. board of directors, is the chief commercial officer of CSM Bakery Solutions. Because of inaccurate information provided by Tyson, Durham's employer was misidentified in an article Saturday about the Tyson board.

Acxiom closes sale of IT unit for $190M

posted: 08/03/2015 9:10 a.m. Discuss

Acxiom Corp. has sold its information-technology infrastructure management operations in a $190 million deal with two private-equity firms.

Tyson profit up 32%, but beef troubles eat into forecast

posted: 08/03/2015 7:38 a.m. Discuss

Tyson Foods Inc. on Monday reported a 32 percent increase in third-quarter net income but revised down its earnings projection for the year over suffering beef sales.

July survey suggests economic slowdown ahead for Midwest

posted: 08/03/2015 7:15 a.m. Discuss

OMAHA, Neb. — A July survey suggests there will be slow to no economic growth over the next three to six months in nine Midwest and Plains states.

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