News in brief

Tyson fills vacancy on board of directors

Correction: 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 this article.

Mikel Durham has been named to the Tyson Foods board of directors.

Durham, 52, is the chief commercial officer of CMS Bakery Solutions, a bakery supply manufacturer based in Atlanta. She replaces Kathleen Bader, who resigned in March citing an inability to devote the time needed to serve on the Tyson board.

Durham has been with CMS Bakery Solutions since 2014, joining the company after working as the global growth officer for PepsiCo Foodservice. It was her second stint with PepsiCo. Durham originally joined PepsiCo in 1994 and was promoted to vice president and general manager of the company's south European and north African restaurant operations.

She is one of six independent directors on Tyson's nine-member board.

33 counties deemed main disaster areas

Thirty-three Arkansas counties have been named primary natural disaster areas by the U.S. Department of Agriculture as a result of damage caused by spring rain, flooding, hail, high winds and tornadoes.

Many of the counties had been declared federal disaster areas in an order issued by President Barack Obama in late June. Gov. Asa Hutchinson had asked U.S. Agriculture Secretary Tom Vilsack to declare 41 counties disaster areas.

The USDA disaster area designation will help farmers and ranchers to qualify for low-interest agricultural loans. They have eight months from the date of Wednesday's declaration to apply to the Farm Service Agency.

Counties designated as USDA primary natural disaster areas are Carroll, Columbia, Conway, Craighead, Crawford, Cross, Faulkner, Franklin, Fulton, Greene, Hempstead, Independence, Jackson, Jefferson, Johnson, Lafayette, Lawrence, Little River, Logan, Madison, Miller, Nevada, Perry, Phillips, Poinsett, Pope, Prairie, Scott, Sebastian, Sharp, White, Woodruff and Yell. Farmers and ranchers in contiguous counties also qualify for natural disaster assistance.

State index slips, but 12 gain during week

The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, slipped 0.73 to 353.86 on Friday.

Ten stocks advanced and eight declined.

USA Truck climbed 5.2 percent in average volume.

Murphy Oil tumbled 6.2 percent in active trading.

For the week, 12 stocks advanced and six declined.

ArcBest rose 10.5 percent for the week and P.A.M. Transportation Services fell 9.2 percent.

Total volume of the index was 23.6 million shares. The average daily volume for the week was 21 million shares.

The index was developed by Bloomberg News and the Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.

Business on 08/01/2015

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