Arkansas Business

Arkansas-based retail giant Wal-Mart in its re-organization of the Walmart U.S. technology division is eliminating around 300 jobs in the Information Systems Division (ISD).

Insiders said the retailer is laying off about 10% of its ISD workforce over the next few days. The layoffs at ISD in Bentonville began this week and are expected to continue through the month.

AETN / AETN

Trailer for the film:

KUAR’s David Monteith interviewed Tanisha Conway, producer of the film “Dream Land: Little Rock’s West 9th Street.”

DAVID MONTEITH: Give us a preview of the documentary. What is it about West 9th Street that made you want to make a movie about it?

Arkansas Department of Workforce Services / Arkansas Department of Workforce Services

According to the Arkansas Department of Workforce Services, unemployment in the state dropped to 3.8 percent in January, which is a record low. The national unemployment rate was 4.8 percent.

The report released Monday reflects data on jobs and joblessness from January 2016 to January 2017. The sector showing the most growth in Arkansas over the year was "professional-scientific-technical services," which added 2,400 jobs.

State Rep. John Payton (R-Wilburn) sponsoring legislation to limit workers compensation benefits.
Jacob Kauffman / KUAR

Arkansas workers injured on the job and the families of workers killed on site are facing the prospect of an eight year, eight month limit on workers compensation benefits. The Arkansas House barely passed the bill to restrict benefits with the needed supermajority on Monday. It follows a 2016 law ending the state’s contribution to a compensation fund assisting employers and their insurance pay claims.

State Representative Charlie Collins argued it had to be done to help business interests, who help pay for the benefit.

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.

Little Rock Technology tech Park
Talk Business & Politics

Nearly a decade after the Little Rock Technology Authority was created from enabling legislation in the 2007 legislative session, the downtown tech village on Tuesday announced its first tenant only three months away from its scheduled grand opening in early 2017.

Asa Hutchinson
Michael Hibblen / KUAR News

The death of Fidel Castro represents a “moment that I believe needs to be seized,” Gov. Asa Hutchinson said Monday.

Speaking to reporters, Hutchinson said the death Friday of Cuba’s longtime leader is a “momentous occasion … that gives us an opportunity we’ve never had before.” That includes an opportunity to sell Arkansas’ agricultural products, and an opportunity for the Cuban people to experience more freedom, leading to better relationships between the United States and Cuba.

“That’s the moment that I believe needs to be seized,” he said.

Bob Johnson, Mack McClarty and Franklin McClarty
Talk Business & Politics

Three Arkansas business icons are optimistic that a President Donald Trump will govern more pragmatically than candidate Trump campaigned.

Thomas F. “Mack” McLarty, Franklin McLarty and Robert L. “Bob” Johnson were guests on this week’s Talk Business & Politics in a roundtable moderated by KATV’s Chris May. The three successful businessmen, all of whom supported Hillary Clinton for President, were in Little Rock a week ago for a chamber of commerce luncheon.

Butterball Huntsville
Gabriel Thompson / Slate Magazine

The months leading up to Thanksgiving Day are a busy time for poultry companies that process turkeys. A new report by Slate Magazine says it also adds to an already disturbing amount of pressure for those who work in turkey plants, including one in northwest Arkansas.

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.

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