Arkansas Business

American Railcar Industries will add up to 60 jobs at a new manufacturing facility in Paragould. Corbitt Manufacturing, a component manufacturing operation with ARI, will begin production at the new facility this month, according to the Arkansas Economic Development Commission.

Gov. Asa Hutchinson, along with local leaders, made the announcement Wednesday in Paragould. ARI already has plants in Paragould, and Marmaduke that employ about 1,000 workers, according to the company.

Wal-Mart Expected To Report Decent Earnings On Flat Revenue

Aug 15, 2016

Despite a hit and miss retail environment, Wall Street analysts expect Wal-Mart Stores will have decent quarter fueled in part by strong grocery sales. The consensus estimate is for net income to top $3.2 billion in the second quarter, just short of the $3.475 billion reported a year ago.

Earnings per share are expected to be $1.02, compared to $1.08 in the year-ago period according to the consensus of 24 analysts who follow the company. Earnings per share are expected to be 5.5% lower than a year ago. Total revenue is expected to be $120.29 billion, flat against last year.

Tyson Food
Compassion Over Killing

An animal rights group has released an undercover video that shows Tyson Foods workers abusing and improperly killing chickens at various breeding facilities in Virginia.

The video prompted the Arkansas firm to announce Thursday that it fired the workers for failing to follow company policies and would "aggressively re-emphasize" its animal welfare protocols to current workers. The company also said it would end a practice that involves inserting plastic into chickens' beaks to control how much they eat.

Wal-Mart Stores is expediting its move into e-commerce and its pursuit of Amazon with a $3.3 billion deal to acquire Hoboken, N.J.-based Jet.com. The deal is expected to close this year.

Talk Business & Politics reports:

Conway has landed another Fortune 500 company.

Already home to top-tier companies such as Acxiom, HP, International Paper and Kimberly-Clark, Insight – a global provider of information technology solutions – announced it will add a sales center in the Meadows Office and Technology Park in Conway. Talk Business & Politics reports Insight expects to hire 50 more workers in Conway to its new, existing workforce of around 170.

Sun Paper
Arkansas Governor's Office

Sun Paper Industry of China says the planned early 2017 construction start for a $1.3 billion superproject in Clark County will likely be pushed back because of ongoing pre-engineering and feasibility studies for the bio-product paper mill.

“They are still trying to nail down some of the issues involving the project and it has taken more time than was expected,” said Julie Mullenix of Little Rock-based Mullenix & Associates, a local governmental relations, PR and lobbying firm.

Members of the Arkansas Rice Federation have traveled to Cuba to discuss the future of trade between the U.S. and Cuba.
 
The delegation, which included Arkansas Agriculture Secretary Wes Ward, was briefed on developments in Cuban farming and also met with representatives of the Ministry of Education, Ministry of Foreign Trade, Havana University and Alimport, the state-owned operation responsible for agricultural imports and exports.
 

Arkansas Economic Development Commission Director Mike Preston.
TalkBusiness.net

Arkansas officials say a lumber mill that shut down six years ago is reopening, creating 136 new jobs.
 
The state Economic Development Commission on Wednesday announced that Caddo River Forest Products is spending up to $50 million to re-open the Glenwood sawmill. Officials said they expect another 200 to 300 indirect jobs to be created through the project.
 

Walmart Looks To Partner On E-commerce And Expand Sam’s Club In China

Jun 21, 2016
walmart wal-mart
Wal-Mart

Walmart.com is looking for some help to grow its e-commerce, retail footprint and scale in China. The retailer announced Monday plans to partner with JD.com, a major online marketplace player in China.

The deal involves a wide range of business initiatives involving online and in-store retail ventures of Walmart and Sam’s Club.

Chris Hickey / KUAR News

Traffic at Arkansas’ three largest commercial airports improved in May, and shipping on the Arkansas River has recovered from the rain-induced slowdown in 2015, according to information in the June edition of the Arkansas Transportation Report.

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