Arkansas Business http://ualrpublicradio.org en Tyson Foods Selling Mexico & Brazil Poultry Operations To Pilgrim's Pride http://ualrpublicradio.org/post/tyson-foods-selling-mexico-brazil-poultry-operations-pilgrims-pride <p>Tyson Foods says it will sell its poultry businesses in Mexico and Brazil for $575 million in cash to help pay debt tied to its acquisition of Hillshire Brands.</p><p>The company expects the sale to JBS' Pilgrim's Pride, which is based in Greeley, Colorado, to be completed by the end of the year.</p><p>Tyson's Mexico and Brazil operations employ more than 10,000 people combined.</p><p>Springdale, Arkansas-based Tyson says it still plans to expand its international operations, especially in Asia, but the businesses it plans to sell didn't have the scale to gain leading market positions.</p> Mon, 28 Jul 2014 17:19:27 +0000 Associated Press 27259 at http://ualrpublicradio.org Tyson Foods Selling Mexico & Brazil Poultry Operations To Pilgrim's Pride Wal-Mart CEO Of Domestic Operations To Resign Next Month http://ualrpublicradio.org/post/wal-mart-ceo-domestic-operations-resign-next-month <p></p><p><span style="line-height: 1.5;">The CEO of Wal-Mart’s domestic operations is stepping down. The Arkansas-based retailer announced Thursday that Bill Simon will resign August </span>8th<span style="line-height: 1.5;">. &nbsp;He's being replaced&nbsp;</span><span style="line-height: 1.5;">by Greg </span>Foran<span style="line-height: 1.5;">, who is head of the company’s Asia division. </span></p> Thu, 24 Jul 2014 15:53:22 +0000 Michael Hibblen 27068 at http://ualrpublicradio.org Wal-Mart CEO Of Domestic Operations To Resign Next Month Arkansas-Based Tyson Foods Moving Forward With Hillshire Deal http://ualrpublicradio.org/post/arkansas-based-tyson-foods-moving-forward-hillshire-deal <p></p><p>Tyson Foods Inc. has signed a definitive deal to purchase Hillshire Brands Co. for $7.75 billion, two days after the maker of Jimmy Dean sausages and Ball Park hot dogs was let out of its agreement to buy Pinnacle Foods.</p><p>Chicago-based Hillshire agreed to buy Pinnacle Foods Inc. for $4.23 billion in May. But then Tyson and Pilgrim's Pride got into a bidding war for Hillshire, with Hillshire accepting Tyson's $63 per share offer last month.</p> Wed, 02 Jul 2014 12:55:13 +0000 Associated Press 25803 at http://ualrpublicradio.org Arkansas-Based Tyson Foods Moving Forward With Hillshire Deal Ft. Smith Tops Economic Index Of Arkansas Cities http://ualrpublicradio.org/post/ft-smith-tops-economic-index-arkansas-cities <p>The city of Fort Smith is atop a latest ranking of the economic performance of Arkansas cities.</p><p><a href="http://www.atu.edu/atbi/" target="_blank">The Arkansas Tech Business Index</a> tracks retail sales, construction, the housing market and unemployment rates of 16 Arkansas cities.</p><p>Ft. Smith beat out Bentonville, which had been atop previous months’ rankings in business activity. Mark Fusaro is an economist with Arkansas Tech and compiles the business index. He says Ft. Smith’s retail sales have always been strong.</p> Mon, 23 Jun 2014 22:59:57 +0000 Nathan Vandiver 25303 at http://ualrpublicradio.org Opening Date Planned For New Conway Airport http://ualrpublicradio.org/post/opening-date-planned-new-conway-airport-0 <p style="margin-bottom: 0in">Officials say Conway's new airport is set to open later this summer.</p><p style="margin-bottom: 0in"><span style="line-height: 1.5;">Airport manager Josh </span>Zylks<span style="line-height: 1.5;"> says Aug. 14 is the targeted opening date, though that may be pushed back because of recent rains. The new airport will be known as Cantrell Field and will be located in the </span>Lollie<span style="line-height: 1.5;"> Bottoms area of Conway.</span></p> Thu, 19 Jun 2014 14:16:51 +0000 Associated Press 25071 at http://ualrpublicradio.org Hillshire Backs Away From Pinnacle Foods Offer http://ualrpublicradio.org/post/hillshire-backs-away-pinnacle-foods-offer <p><font color="#222222"><font face="Times New Roman, serif"><font size="3">Hillshire Brands Co. is backing off of its offer to buy Pinnacle Foods Inc., a move that it needs to make in order for its $7.75 billion proposed deal with Tyson Foods to go through.</font></font></font></p> Mon, 16 Jun 2014 14:01:42 +0000 Associated Press 24882 at http://ualrpublicradio.org Public Meeting Set On Buffalo River Hog Farm Rule http://ualrpublicradio.org/post/public-meeting-set-buffalo-river-hog-farm-rule <p><font color="#222222"><font face="Times New Roman, serif">A public hearing is planned in Harrison on a proposed regulation that would ban large hog farms in the Buffalo River watershed.</font></font></p><p><span style="color: rgb(34, 34, 34); font-family: 'Times New Roman', serif; line-height: 1.5;">The meeting is set for&nbsp;Tuesday&nbsp;evening in Harrison. The Arkansas Pollution Control and Ecology Commission is considering a new regulation that would ban farms with 750-plus hogs weighing 55 pounds or more and farms with 3,000 or more hogs weighing less than 55 pounds.</span></p> Mon, 16 Jun 2014 13:56:59 +0000 Associated Press 24881 at http://ualrpublicradio.org Denver Company Announces Plans For Sherwood Office, Creates 250 Jobs http://ualrpublicradio.org/post/denver-company-announces-plans-sherwood-office-creates-250-jobs <p style="margin-bottom: 0in">A Denver-based company has announced plans to open a center in Sherwood and hire 250&nbsp;<span style="line-height: 1.5;">workers.</span></p><p style="margin-bottom: 0in"><span style="line-height: 1.5;">TeleTech Holdings Inc. announced Monday that it would open a "customer experience center" in Sherwood in July. The facility will be located in the Wildwood Centre &amp; Medical Tower and will represent a national health insurance client.</span></p> Tue, 10 Jun 2014 13:54:26 +0000 Associated Press 24542 at http://ualrpublicradio.org Arkansas-Based Tyson Wins Bidding War For Hillshire Brands http://ualrpublicradio.org/post/arkansas-based-tyson-wins-bidding-war-hillshire-brands <p></p><p>Meat producer Tyson Foods Inc. of Arkansas has won a bidding war for Hillshire Brands, the maker of Jimmy Dean sausages and Ball Park hot dogs, with a $63 per share offer.</p><p>Both Tyson and Pilgrim's Pride had been bidding of Hillshire Brands. Tyson had previously offered $50 per share for the company. Pilgrim's Pride then raised its bid to $55 per share.</p><p>Pilgrim's Pride says it is withdrawing its offer. The offer from Tyson is worth $7.75 billion based on Hillshire's 123 million shares outstanding. Tyson values the deal at $8.55 billion, including debt.</p> Mon, 09 Jun 2014 15:39:36 +0000 Associated Press 24480 at http://ualrpublicradio.org Arkansas-Based Tyson Wins Bidding War For Hillshire Brands Former Nordex Plant To Become Railcar Repair Site http://ualrpublicradio.org/post/former-nordex-plant-become-railcar-repair-site <p>A railcar maintenance company is to locate in the former Nordex USA wind turbine plant in Jonesboro and pledges to hire up to 350 employees.</p><p>TrinityRail Maintenance Services Inc. announced Thursday that it would expand the facility to accommodate its planned scope of work.</p><p>TrinityRail is a subsidiary of Trinity Industries Inc. of Dallas. The company provides an array of industrial products, including railcars, barges, storage containers and other transportation-related goods and services.</p> Thu, 05 Jun 2014 22:45:16 +0000 Associated Press 24358 at http://ualrpublicradio.org