Talk Business & Politics Staff

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The folks based out of Springdale have been selling the meats. Talk Business & Politics reports Tyson Foods on Monday announced record fiscal first quarter net income of $594 million, up almost 29% compared to the same period in the previous fiscal quarter thanks to big gains in the beef and pork segments.

Brian Chilson / Arkansas Times

Whirlpool’s 2016 Annual Progress Report to the Arkansas Department of Environmental Quality will be released on Feb. 15, according to ADEQ spokeswoman Kelly Robinson.

Tyson Foods CEO Tom Hayes
Tyson Foods

Tyson Foods ended its fiscal year with net income of $1.768 billion, 45% more than the previous fiscal year, thanks in part to lower grain costs, better margins in the chicken segment and continued success with its prepared foods business.

Fiscal year revenue totaled $36.861 billion, below the $41.373 billion in fiscal year 2015, and below the consensus estimate among analysts following the company of $37.12 billion. The fiscal year per share earnings of $4.53 was well ahead of the $2.95 in fiscal 2015 but below the consensus estimate of $4.59.

Six days after six members of the University of Arkansas women’s basketball team knelt in protest during the national anthem, college officials on Wednesday announced “Project Unify,” a “community engagement program” designed to address concerns that fueled the protest.

The move, which will see the players no longer kneel during the anthem, could also quell backlash against the team and the university that included one Arkansas senator threatening to put a hold on the university’s budget.

Consumers in Arkansas say their personal finances have improved this year as have their expectations for the state’s business climate next year, according to the Arvest Consumer Sentiment Survey this fall.

The second quarter economic story of Arkansas’ four key metro areas was much like the first quarter story: unchanged from the previous quarter, but healthy, with continued job gains and sales tax revenue growth, according to The Compass Report.

Compared to the second quarter of 2015, economic conditions were down slightly in Central Arkansas, better in Northwest Arkansas, unchanged in the Fort Smith metro, and up in the Jonesboro metro.

Tom Cotton
Michael Hibblen / KUAR News

At least two members of Arkansas’ Congressional delegation have opened the door to GOP Presidential nominee Donald Trump stepping down from the ticket.

A political firestorm began Friday and has grown through the weekend resulting from a 2005 recording that features Trump having a private conversation with Billy Bush, then a co-host with “Access Hollywood” as they arrived on the set of “Days of Our Lives,” where Trump made a cameo appearance.

Hunting and fishing giant Bass Pro Shops is acquiring competitor Cabela’s Inc. for $5.5 billion in an all cash deal that will combine the two iconic American retailers with loyal outdoor-oriented customer bases across the American South, West and Midwest.

In an announcement after the opening of the New York Stock Exchange, privately-held Bass Pro and publicly traded Cabela announced they had entered into a definitive agreement under which Bass Pro Shops will acquire Cabela’s for $65.50 per share in cash, a 19.2% premium over Friday’s closing price of $54.93.

marijuana
npr.org

Arkansas voters have split attitudes on two medical marijuana proposals with few undecideds, according to the latest Talk Business & Politics-Hendrix College survey.

The poll, conducted among 831 likely Arkansas voters on September 15-17, 2016, shows one medical marijuana proposal with a plurality of support, while a second ballot issue has a small majority against it. The survey has a margin of error of 3.4%.

Voters were asked:

Jason Burt / Arkansas Business

Dr. Dan Rahn announced Monday he will retire July 31, 2017, as chancellor of the Little Rock-based University of Arkansas for Medical Sciences. His departure will mark almost eight years as head of the state’s largest public employer.

UAMS has 3,021 students, 789 medical residents and five dental residents. It is the state’s largest public employer with more than 10,000 employees, including about 1,000 physicians and other medical personnel who work at the Arkansas Children’s Hospital, the VA Medical Center and UAMS regional centers in Arkansas.

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