Arkansas Business

Southwest Steel Processing announced Monday it plans to invest $18 million in its Newport plant, adding a second forging line and creating 100 new jobs over the next two years. The state will contribute an additional $11 million to the project. Scott Hardin, from the Arkansas Economic Development Commission, says the company chose to expand in Arkansas due to the capability of the existing workforce and community.

Acxiom To Sell Its Core IT Business For $190 Million, Releases Q4 Earnings In Advance

May 20, 2015
Adam Bartlett / flickr.com

Acxiom Corp. announced that it is getting out of the IT services business as the Little Rock technology company continues to streamline its operations to focus on its core marketing and data services business.

At the same time, Acxiom fourth quarter earnings improved year-over-year although it reported net losses of eight cents per share from continuing operations on revenue of $257 million. That compares with losses of 33 cents year share on sales of $269 million in the fourth quarter of fiscal 2014.

Arkansas-Based Walmart Misses Forecast As Profits Slide In Q1

May 19, 2015
walmart wal-mart
Walmart

Walmart saw its first quarter revenues slide 0.1% but profits fell further as the strong dollar and changes in consumer spending impacted the retail giant’s bottom line.

Charles Zook, son of Arkansas Chamber of Commerce CEO, opposing chamber's role in LRSD state takeover.
Jacob Kauffman / KUAR

A smattering of protestors lined the plaza of the Little Rock Regional Chamber of Commerce Wednesday at noon to denounce its support of the state takeover of Little Rock schools. Charles Zook said his family embodies what he characterizes as a suspect network of influence in the state’s 5-4 decision in late January to dissolve the locally elected school board.

One Million Cups Hits One Year Old, Ready To Move To Next Level

May 12, 2015

Just a year after the first One Million Cups forum landed in Little Rock, local officials are encouraged by the emergence of the program as a key player in the state and region’s flourishing startup community – yet they’re hopeful for an even bigger payoff in the future.

Windstream Q1 Profits Drop 67%

May 7, 2015

Shares in Windstream Holdings Inc. were moving lower in trading Thursday after the Little Rock telecom reported that first quarter earnings fell nearly 67% following the recent spin off its real estate assets more than a week ago.

Profits For Arkansas-Based Tyson Foods Rise Nearly $100 Million

May 4, 2015
Tyson
Tyson Foods

Tyson Foods is making good on its claim that the $8.5 billion acquisition of Hillshire Brands in August 2014 would boost top and bottom lines.

The Springdale-based company reported Monday (May 4) that fiscal second quarter earnings were up 45.5% and earnings in the first half of the fiscal year are up 32.5% compared to the same periods in 2014.

Second quarter net income of $310 million, up from $213 million a year ago, was better than what market watchers expected. The per share earnings of 75 cents was better than the consensus estimate of 72 cents per share.

Aviation Officials Excited About New Law Meant To Help Business In Arkansas

Apr 29, 2015
fly arkansas aviation
www.fly.arkansas.gov

A law passed in the most recent legislative session is meant to help the state attract aviation business that was flying away because of a sales tax Arkansas levied that other states didn’t.

Act 1182 by Rep. Joe Jett, D-Success, enacts a “fly away” provision exempting from taxes aircraft sales where neither the seller nor the buyer are located here.

Lockheed Martin Profits Off 6%, Defense Giant Sees Huge Sales Loss At Camden Operation

Apr 21, 2015

Profits for defense contractor Lockheed Martin Corp. fell nearly 6% in the first quarter as the company’s Missile and Fire Control (MFC) division loss ground in the first three months of fiscal 2015 due to continued cuts in defense spending by the Pentagon.

It flew under the radar for the most part, but a significant piece of legislation may make Arkansas a much easier place to start or run a business, Talk Business & Politics reports.

Act 1190, co-sponsored by Speaker Jeremy Gillam and Sen. Eddie Joe Williams, allows the Secretary of State’s office to create a portal for businesses to submit licenses, permits and applications through one interface.

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