Regions

Sassafras Gets Four Stars (Business Lunch Review)

Sassafras, one of Fayetteville?s fine-dining restaurants, recently began serving lunch, so we decided to give the place a try.

Arvest Buy Means Superior Will Finally Become a Bank

C. Stanley Bailey said last week that his conversion of what one bank analyst called a ?very sleepy thrift? into a pseudo-bank was exactly where the managers expected it to be.

Genesis Drops Suit Against Penny Stock

United States District Judge Jimm Larry Hendren on May 9 approved the dismissal of a suit in which an entity called Genesis Trust claimed in May 2002 that it had been damaged to the tune of $1.678 million by Golf Entertainment Inc.

Brass Eagle Posts First Quarter Loss

Brass Eagle posted a loss of $226,000, or 3 cents a share, compared with a profit of $1.1 million, or 14 cents a share, in the year-ago quarter.

Wal-Mart Net Income Jumps 14 Percent

Wal-Mart Stores Inc. squeezed a 14.1 percent increase in net income out of a 9.7 percent increase in revenue for the first quarter as it continued to cut back on expenses.

Wal-Mart to Sell McLane, Merit

Wal-Mart Stores Inc. announced on May 2 that it had signed agreements to sell its McLane Co. business and Merit Distribution Services for about $1.5 billion total.

Tyson, McDonald?s Trampled by Canadian ?Mad Cow? Case

Shares of Tyson Foods Inc., the largest U.S. beef processor, and McDonald’s Corp., the world’s largest hamburger chain, fell sharply on May 20 after Canada said it had confirmed a case of mad cow disease.

Delta Still Expects Profit by Second Quarter

Rogers? Delta Systems Inc. on May 12 released its first quarter results for the period ended March 31.

Morning News Posts Hefty Circulation Gain

The Morning News had a circulation gain of more than 8 percent on weekdays (to 39,333) and 10 percent Sundays (to 42,006) for the six-month period ended March 31, 2003, when compared to the six-month period ended March 31, 2002.

Morning News Meeting Coverage Mind Numbing (Media Review)

We opened the May 12 issue of Fayetteville edition of The Morning News and saw that half of the front page was eaten up by meeting-advance stories.

CFOex Steers Cannon Back From the Brink

Two days before Cannon Express Inc. would have gone broke, a three-man strike team from CFOex Inc. was called in to attempt a corporate turnaround. That was Aug. 19, and the Springdale company is still truckin?.

Remmels Made Decision to Sell, Herrington Says

Phil Herrington offered a profound apology when the owners of Rebsamen Insurance Co. learned in October 2000 that he had been in talks for months about selling the company to Regions Financial Corp.

He Said a Mouthful

May 5 marked the first anniversary of a curious legal settlement between Golf Entertainment Inc. of Springdale (a.k.a. Sienna Broadcasting Corp.) and an entity called Genesis Trust.