Arkansas Business

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.

A national trucking company has agreed to pay $260,000 to settle discrimination complaints by four Sikh truckers who were denied jobs for refusing drug tests that violated their religious beliefs.

J.B. Hunt Transport Services Inc. reached the settlement being announced Tuesday with the U.S. Equal Employment Opportunity Commission.

The Sikh Coalition, a civil rights organization that represented the men, says the trucking company required three men to clip their hair for drug samples and required a fourth to remove his turban before providing a urine sample.

Little Rock-based Windstream Holdings, which has seen its market value drop more than 64% since early 2012, announced early Monday a merger-of-equals with the popular 1990s Atlanta-based Internet dial-up provider Earthlink for $1.1 billion.

EarthLink shareholders will receive 0.818 shares of Windstream common stock for each EarthLink share owned. This ratio represents a 13% premium to the average exchange ratio of 0.721x over the month ended Nov. 3, 2016, the most recent unaffected trading day. The deal includes debt held by Earthlink.

A labor union that has demonstrated against Wal-Mart Stores Inc. asked the Arkansas Supreme Court Thursday to reverse a judge's decision barring it from entering the retail giant's property for anything other than shopping.

Attorneys for the United Food and Commercial Workers International Union and Wal-Mart argued that the National Labor Relations Board, not the Benton County judge, should have jurisdiction over the matter.

Governor Asa Hutchinson Skype
Governor's Office

After seeing thousands of nondurable apparel manufacturing jobs leave eastern Arkansas since the early 1990s, Gov. Asa Hutchinson and his economic development team are bringing 400 of those jobs back to the state.

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.

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