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The Friday Wire: Ice cream leadership, and a good luck wish for Doug
Thoughts on the soon-to-be new top boss at Wal-Mart Stores, the political fight over the federal farm bill, Northwest Arkansas tax collections and Costco wages are part of the Northwest Arkansas Friday...
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The Friday Wire: Notes on jobs, pollution and a farm bill fight
Changes to the Whirlpool pollution plan, the success of Krutsch, the political fight over the federal farm bill, and State of the Union disappointment are part of the Jan. 31 Friday Wire for the Fort...
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Tyson Foods first quarter net income up almost 47% (Updated)
story by Kim Souzaksouza@thecitywire.comFiscal first quarter net income for Springdale-based Tyson Foods was $254 million, well ahead of the $173 million in the first quarter of 2013 and outpacing the...
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Wal-Mart lowers earnings on winter weather, lower food stamp payments
The earnings report to be issued on Doug McMillon’s 20th day on the job as the new Wal-Mart CEO may not be pretty.Wal-Mart Stores Chief Financial Officer Charles Holley announced Friday that bad...
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Tyson shareholders, record price, strong profits, farewell bids
story by Kim Souzaksouza@thecitrywire.comIn typical, non-ceremonial fashion Tyson Foods shareholders held their 51st annual meeting in Springdale on Friday morning (Jan.31). The investors had plenty to...
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Sam’s Club restructuring includes shuttering Mas Club
story by Kim Souzaksouza@thecitywire.comSam’s Club confirmed last week it was restructuring its in-club operations, trimming 2,300 middle management and hourly hourly job across its U.S....
View ArticleNational Beef plant closure could benefit Tyson Foods
Not that Tyson Foods needs the help, but the meat giant could see some benefit from the packing plant closure announced by National Beef on Friday, (Jan. 31).The Kansas City-based National Beef said it...
View ArticleAmerica’s Car-Mart opens 130th dealership
America's Car-Mart announced the opening of its 130th dealership on Friday, (Jan. 31).The dealership is located in Altus, Okla., and will be managed by Jonathan Bottoms.The Atlus location marks the...
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A greener Wal-Mart is a slow work in progress
story by Kim Souzaksouza@thecitywire.comWal-Mart has plenty of fans and critics when it comes to the retailer’s sustainability initiatives. When former CEO Lee Scott boldly announced the retailer’s...
View ArticleH7N9 avian influenza concerns escalate in China
The World Health Organization and Chinese authorities are investigating how three members of one family contracted the H7N9 avian influenza virus. There have been 192 confirmed human cases of the...
View ArticleTyson Foods declares cash dividend
The board of directors of Tyson Foods declared a quarterly dividend of 7.5 cents per share on Class A common stock and 6.75 cents per share on restricted Class B shares.The cash dividend is payable on...
View ArticleAnalysts high on Tyson Foods
Three Wall Street analysts liked what Tyson Foods execs had to say last week, and approved of the solid first quarter performance — the best in company history. J.P. Morgan analyst Ken Goldman raised...
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U.S. cattle herd liquidation continues, down to 1951 levels
The annual cattle inventory report confirmed that the U.S. cattle herd shrunk 2% from a year ago, according to a U.S. Department of Agriculture annual report. What's more, the 87.7 million head of...
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Arkansas’ January tax revenue hit by weak retail sales
The percentage increase in year-to-date Arkansas gross tax collections fell to 2.1% in January compared to a 3.4% level in the December report. Also, sales and use tax collections continue to come in...
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Mike Duke reflects on his tenure as Wal-Mart CEO
Mike Duke stepped away from the day-to-day leadership of Wal-Mart Stores Inc. on Saturday, (Feb. 1) after five years and some of the most profitable times for the retailer in decades.Though Duke did...
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Iceberg co-working center looks for new home
story by Kim Souzaksouza@thecitywire.comThe Iceberg, co-working center in downtown Fayetteville, the brainchild of a few local entrepreneurs opened its door two years ago, occupying the basement space...
View ArticleBush, Embry join Beall Barclay as a staff accountants
Hannah Bush and Jacob Embry have been hired at Beall Barclay & Co.Hannah, originally from Paron, Ark., has bachelor’s degree in business administration with a major in accounting. She graduated...
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Wal-Mart to invest more heavily in Canada, boost e-commerce
story by Kim Souzaksouza@thecitywire.comWIth many global markets in turmoil, retailers are scrambling to invest in regions where they can score market share as well as profits. For now that’s...
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Development projects front and center for Board of Directors
story by Ryan Saylorrsaylor@thecitywire.comTuesday's (Feb. 4) meeting of the Fort Smith Board of Directors dealt almost entirely with issues most other city governments would probably find to be...
View ArticleTyson Foods unveils new breakfast items
Tyson Foods Inc. unveiled a new line of breakfast items under its offerings Tyson Day Starts products.The line of frozen breakfast sandwiches includes ingredients such as cheeses, vegetables, eggs and...
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