Arkansas Business

Northwest Arkansas Workers' Justice Center

A report issued Friday by the Northwest Arkansas Workers' Justice Center shows large percentages of the state's poultry workers face wage violations and workplace abuse.

Tyson Foods Profits Up Sharply In Latest Report

Feb 5, 2016
Tyson
Tyson Foods

Tyson Foods’ first quarter profits soared past expectations as the meat giant added $461 million to its corporate coffers to begin fiscal 2016. 

Net Income rose 49% from the same period of last year with strong results in chicken and a turnaround in beef, the company reported Friday.

Market watchers Not Surprised Wal-Mart Exiting Small Format Business

Jan 27, 2016
walmart wal-mart
Wal-Mart

Analysts, insiders and other retail watchers said a change in top bosses in Bentonville is one reason why Wal-Mart Stores got out of the small-ball retail game, even with Target, H-E-B and other competitors still investing in small format retail.

The Little Rock Technology Park Authority on Wednesday (Jan. 13) moved two steps closer to jump-starting the first phase of the downtown development the city hopes to market to attract startups, entrepreneurs and establish a tech focus to the city’s Creative Corridor.

Bank of the Ozarks Arena in Hot Springs.
wikipedia.org

Bank of the Ozarks is laying the foundation for future growth with plans for a new corporate headquarters in west Little Rock.

The Little Rock-based financial institution says it has outgrown three headquarters locations in the past 20 years.

On top of less than stellar holiday sales, retailers also are expected to see return fraud grow from $1.9 billion in the 2014 holiday cycle to $2.2 billion this year, according to the National Retail Federation.

Michael Hibblen / KUAR News

The Walton Family Foundation says it will be reviewing funding request from charter schools in Arkansas following the announcement of a billion dollar gift to be spent in about 22 states over five years.

Marc Sternberg, head of education policy at the foundation, said the strength of school leadership will weigh heavily in picking schools to fund in 2016.

"We'll be overwhelming focused on growing the charter sector," he said, "because that's where the opportunity is to increase high-quality, autonomous schools of choice." 

A foundation run by the heirs of Wal-Mart founder Sam Walton plans to spend $1 billion on public schools over the next five years.

The Walton Family Foundation planned to notify patrons Thursday that it hopes to establish new charter schools and help programs already in place. The money will be spent in about two dozen states where it has already aided programs.

Charter schools are privately run but receive public funding. Many are dedicated to the arts or to science and technology.

A year-ending survey of business contacts indicated that nearly half expect economic conditions in 2016 will be somewhat better than in 2015 as employment growth continue to strengthen across the state, according to the Federal Reserve’s “Burgundy Book.”

The report provides statistical and anecdotal notes on 62 of the state’s 75 counties. The Little Rock Zone covers six state metro areas, including Little Rock/North Little Rock/Conway, Pine Bluff, Hot Springs, Texarkana, Fort Smith and Fayetteville/Springdale/Rogers.

Tales From The South

North Little Rock-based Bourbon & Boots, the online retailer featuring Southern artisan merchandise, has entered into an agreement to purchase Tales From The South, a radio show and media company featuring Southern storytelling. Terms of the private transaction were not disclosed.

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