Arkansas Business News
RSSPipeline changes to curb diesel, jet fuel into state
The owner of a pipeline that supplies diesel and jet fuel to three locations in Arkansas — El Dorado, North Little Rock and Jonesboro — has notified a federal agency that it plans to make changes in the pipeline. Continue reading...
Wal-Mart earnings rise 4.6%
With same-store sales slip, analyst calls quarter ‘ho-hum’
Wal-Mart Stores Inc. reported lackluster first-quarter earnings per share of $1.14 Thursday, blaming the outcome on a longer-than-usual winter and a delay in income tax return checks being issued in the critical first part of the quarter. Continue reading...
Acxiom profit off 71.3% but still tops predictions
Acxiom Corp.’s net income for its fiscal-2013 fourth quarter fell 71.3 percent compared with the same quarter a year ago, the company said Wednesday. Continue reading...
Dillard’s quarter reaches a record
Sales drive 23% rise in earnings
Dillard’s Inc.’s earnings increased 23 percent in the first quarter, spurred by strong sales in women’s accessories and lingerie, the Little Rock retailer said Wednesday. Continue reading...
Chairman of board submits resignation at USA Truck
The chairman of the board of USA Truck of Van Buren, Robert Peiser, has submitted his conditional resignation after failing to receive a majority of shareholder votes for re-election to the board at the company’s May 8 annual meeting, according to a truck company filing Wednesday. Continue reading...
Business news in brief
QUOTE OF THE DAY “Twenty-five percent of Arkansans don’t have health insurance today, but they’re still going to the doctor or the emergency room or the hospital.Those providers are essentially not able to get payment for those individuals, so they shift the cost over to those people who do have insurance and are paying higher rates.” Joe Thompson, State surgeon general and director of Arkansas Center for Health Improvement, on proposals to lower health-care prices charged by hospitals, doctors and other providers Article, 1D Continue reading...
NEWS IN BRIEF
NanoWatt receives $150,000 U.S. grant NanoWatt Design, a Fayetteville-based technology company, has won a $150,000 Small Business Innovation Research grant from the National Science Foundation. Continue reading...
100 state ‘episodes of care’ seen ahead
Arkansas plans to expand its “episodes of care” approach for health-care-cost containment to as many as 100 medical conditions in the next few years, according to Rhonda Hill, director of health-care finance for Arkansas Center for Health Improvement. Continue reading...
Visa, MasterCard suit sees LR file objection
Transaction-fee deal widely opposed
Little Rock signed on Wednesday with hundreds of other cities and companies — including Arkansas-based Wal-Mart Stores Inc. — that have objected to a multi-billion dollar settlement of an antitrust lawsuit against Visa Inc. and MasterCard Inc. Continue reading...
In state, farmers working on herds
Cattle numbers low post-drought
Last summer’s scorching drought reduced the state’s cattle herds to their lowest numbers since 1964, leaving livestock growers hard at work rebuilding herds this year. Continue reading...
8 Wal-Mart investors want execs’ pay clawback details
Eight foreign and domestic institutional investors in Wal-Mart, mostly pension and trust funds, are asking the retail giant to report annually whether the company “clawed” back pay from senior executives found to have performed unethically in the previous year “and to describe the general circumstances of any recovery.” The measure, Proposal No. 8 — Request for Annual Report on Recoupment of Executive Pay — is aimed specifically at higher-ups who are found to have “violated company policy or committed misconduct detrimental to the company.” A clawback Continue reading...
Wal-Mart cuts Bangladesh suppliers
Wal-Mart Stores Inc. said Tuesday that it has barred dozens of apparel factories in Bangladesh from supplying goods to the retailer. Continue reading...
New technology lets loved ones’ stories live on
QR codes on markers link to details on the deceased
SPRINGDALE — You can only tell so much of someone’s life story on a grave marker. Continue reading...
Bankruptcy watch
ALEXANDER Billy N. and Michele R. Barnes, 1400 Snow Lane, May 2, 2013, Chapter 7. Continue reading...
State buzzing over 2 firms’ top 500 debut
Windstream, Hunt listings boost lineup to notable 6
At Windstream Corp. of Little Rock, executives plan to strike a commemorative coin to mark the occasion. Continue reading...
