Business in Arkansas
Car-Mart earns $8.8 million in quarter, meets forecasts
posted: 05/25/2013 3:32 a.m. Discuss
Bentonville-based America’s Car-Mart reported net income of $8.8 million for its fiscal fourth quarter, down from $9.6 million for the corresponding period last year, but it met analysts’ estimates on a per-share basis.
Investors to pursue Chaffee mall plans
posted: 05/25/2013 3:30 a.m. Discuss
Investors planning a major shopping mall in Barling haven’t succeeded in getting alcohol sales approved there, but the group still plans to close on its $2 million purchase of 90 acres in early June.
Archive company expands in Pacific
posted: 05/25/2013 3:28 a.m. Discuss
More than 40 million newspaper photographs and negatives from New Zealand and Australia will soon be loaded onto cargo ships and dispatched to North Little Rock, where they will be digitally copied.
Meat origin-label rule riles industry
posted: 05/25/2013 3:27 a.m. Discuss
U.S. meat and livestock groups this week sharply objected to newly implemented U.S. Department of Agriculture requirements on country-of-origin labeling, saying the changes violate World Trade Organization rules and could cost meat packers, such as Tyson Foods Inc., as much as $47.3 million collectively to implement, based on the regulations published in the Federal Register.
New developments
posted: 05/25/2013 3:26 a.m. Discuss
Signs of the nation’s economic recovery are visible at Chaffee Crossing, the 7,000-acre mixed-use development in eastern Fort Smith, according to the development’s executive director, Ivy Owen.
NEWS IN BRIEF
posted: 05/25/2013 3:19 a.m. Discuss
Murphy Oil enters stock buyback deal Murphy Oil Corp. has entered into an agreement with Merrill Lynch International to buy back $250 million of the El Doradobased company’s stock.
Dillard's sets cash dividend
updated: 05/25/2013 10:06 a.m. Discuss
Dillard's Inc. said Friday that the company's board of directors has declared a 5 cent cash dividend on its Class A and B common stock.
NEWS IN BRIEF
posted: 05/24/2013 3:13 a.m. Discuss
Labor group files against Wal-Mart The labor group Organization United for Respect at Walmart (OUR Walmart) on Thursday filed 30 counts of unfair labor practices with the National Labor Relations Board in Washington, alleging “widespread and egregious attempts” by the retailer to quell workers who have been calling for change in the way the company treats employees.
Walmart's Duke 26th highest-paid CEO
posted: 05/23/2013 12:30 p.m. Discuss
Walmart CEO Mike Duke is the 26th-highest paid CEO according to recent figures.
LR airport fears D.C. flight at risk
posted: 05/23/2013 3:47 a.m. Discuss
Ron Mathieu, executive director of the state’s largest airport, is urging U.S. Transportation Secretary Ray LaHood to let US Airways keep all its slots at Reagan National Airport as a way to ensure the daily direct flight between Little Rock and Washington, D.C., continues as scheduled.
Tax less if Albert Pike has old look
posted: 05/23/2013 3:39 a.m. Discuss
The more the Albert Pike Hotel changes when it undergoes a $6 million renovation, the more it will look like its old self — from the street and in the common areas of the historic structure, that is.
Farmers leery of trading pollution credits, Boozman warns
posted: 05/23/2013 3:38 a.m. Discuss
A proposed system to allow farmers and city wastewater plants to trade pollution credits with one another would likely improve water quality, but U.S. Sen. John Boozman of Arkansas on Wednesday warned that “a spirit of mistrust” between farmers and federal regulators would make such a system difficult to run.
NEWS IN BRIEF
posted: 05/23/2013 3:31 a.m. Discuss
Former Bush aide hired by Wal-Mart BENTONVILLE — Wal-Mart Stores Inc. said Wednesday that Dan Bartlett, who counseled former President George W. Bush and worked on both his presidential and gubernatorial campaigns, will start as the retailer’s new executive vice president of corporate affairs late next month.
Hay, wheat, corn take beating from Arkansas rains
posted: 05/22/2013 6:20 p.m. Discuss
DE QUEEN — Heavy rain and high winds brought by recent storms did some damage to the Arkansas corn, winter wheat and hay crops.
West Memphis gets $11 million grant for port
posted: 05/22/2013 5:20 p.m. Discuss
WEST MEMPHIS — West Memphis is to receive a $10.9 million grant to expand the city's port.
