Retail group to honor
Wal-Mart chief exec
The National Retail Federation has named Wal-Mart Stores Inc.'s Doug McMillon this year's recipient of "The Visionary" award.
McMillon, who is Wal-Mart's chief executive officer, is being recognized by the retail trade association for his work in transforming Wal-Mart Stores Inc. with initiatives and acquisitions like the $3.3 billion acquisition of Jet.com.
The National Retail Federation said the award is presented annually to a retail industry leader who "has changed and continues to transform the landscape of retail in a monumental way." McMillon has been Wal-Mart's CEO since 2014.
McMillon will receive the award during the NRF Foundation Gala in New York City on Jan. 14.
-- Robbie Neiswanger
Fed officials to talk
at Fayetteville forum
Officials from various U.S. Federal Reserve banks will speak at the Fayetteville Town Center on Nov. 6 during a conference on monetary and economic policy hosted by the University of Arkansas' Sam M. Walton College of Business and the Global Interdependence Center of Philadelphia.
The conference, "Central Banking Series: Location Matters in a Global Economy," will run all day, and includes five sessions, on topics like the economics of Europe and China; supply chain and retail outlooks; credit, capital and hiring. It features Chris Waller, the executive vice president for the Federal Reserve Bank of St. Louis, other Fed senior officials, and executives from Arkansas companies like Case Stack and Stephens Inc.
"The conversations that will take place during the interactive panels aim to influence the global economic conversation among policymakers, financial leaders, business leaders and academics," Walton College associate dean Brent Williams said in a prepared statement.
Registration, at $50 per person, can be done through the events tab on the interdependence.org website.
-- Dalton LaFerney
State index up 0.13
as 11 stocks climb
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, rose 0.13 to 379.96 Friday.
Eleven stocks rose, six dropped and one was unchanged. Windstream was up 2.2 percent. Dillard's had the biggest fall, losing 3.4 percent.
For the week, 10 stocks advanced, seven fell and one was unchanged.
P.A.M. Transportation gained 5.7 percent for the week.
Windstream lost 4.1 percent for the week.
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 10/28/2017