Arkansas Business

Communications Sales & Leasing Inc. on Monday completed its $409 million acquisition of PEG Bandwidth LLC, a Lewisville, Texas-based operator of dark fiber and cell site backhaul assets for mostly rural telecom carriers and enterprises.

www.sunpapergroup.com/

The investment in south Arkansas by one of China's largest private companies, Sun Paper, is considered a win by state economic development officials. However, some have concerns about the implications of the country's manufacturing practices and what it will mean for workers at the new bio-products mill near Arkadelphia. 

Tyson
Tyson Foods

The Carroll County Quorum Court judge has authorized incentives that will help a Springdale-based meat processor build its first new plant in years.

Arkansas Business reports that the $136 million Tyson Foods Inc. plant will be built across the street from another one of the company's plants in Green Forest, with a corridor connecting the two.

Tyson officials say the project will bring about 85 jobs to the county, where it already has more than 2,600 employees.

Governor Beebe with Reporters
Nathan Vandiver / KUAR

Former Arkansas Gov. Mike Beebe has been named to the board of directors for Conway-based Home BancShares, Inc.

The company announced the appointment Thursday. Beebe is a Democrat who served two terms as Arkansas governor. Before that, he served as Arkansas' attorney general and in the state Legislature. He also serves on the board of directors for Springdale-based Tyson Foods Inc.

Beebe said in a statement that he's honored to serve on the board.

Tyson
Tyson Foods

Tyson Foods Inc. has announced a proposal to build a new processing facility near its existing poultry plant in Green Forest.

The Springdale-based company says the $136 million project is contingent in part on the approval of incentives from Carroll County and the Arkansas Economic Development Commission. The company says the project would create about 85 jobs once it's fully operational.

Sarah Whites-Koditschek / KUAR

A national group of business leaders and others working to open trade with Cuba launched a state council in Little Rock Monday.

James Williams, President of the umbrella group, Engage Cuba, said Arkansas lawmakers are leading the effort to lift the 55 year-old trade embargo against the country. 

Cuba is the number one rice consumer in the Western Hemisphere, he said, adding he believes it is "ridiculous" the country cannot purchase U.S. products on credit.

"We're 90 miles away and they're buying their rice in Vietnam. We're all outraged by that fact.”

One month does not make a trend, but a more than 21% gain in home sales during January in Arkansas’ four large markets continues the momentum of 2015 in which home sales were up almost 10% – with a December that had an almost 20% gain.

Home sales in Arkansas’ four largest markets totaled 1,484 in January, up 21.24% compared to January 2015 and up 18.3% compared to January 2014. All four markets posted double-digit growth in January, according to The Arkansas Home Sales Report.

Walmart.com Lags E-commerce Industry Growth Despite Hefty Investments

Mar 29, 2016

With 40 million customers per month, Walmart.com is the 15th largest online shopping site, despite being the world’s largest retailer. Few market watchers are convinced the Bentonville-based retailer’s multi-billion dollar e-commerce investments will move the ranking too much higher.

Walmart’s online traffic equals just 7% of weekly store traffic and only 2% of the sales. The majority of Walmart’s online shoppers also shop in the retailer’s stores, with 80% at least once a month and half once a week, according to analysts with Cleveland Research.

Tyson
Tyson Foods

The Supreme Court has ruled for more than 3,000 workers at a Tyson Foods Inc. pork-processing plant in Iowa in a pay dispute with the company.

Although the manufacturing sector in Arkansas and the rest of the U.S. has been mired in a recent slump, a new report from Oxford Economics says U.S. productivity from the blue collar-friendly segment of the economy is still the strongest in the world and will maintain its competitive edge over China and other economies.

Pages