Tag: Public Companies

Merrill Cuts Hunt Rating, Tax News Goes Unheralded

Investment firm Merrill Lynch said in late December it cut its rating on shares of J.B. Hunt Transport Services Inc. to ?neutral? from ?buy.?

Baltz Adds V.P., Pricing Tags to Title

ABF Freight System Inc. in December named Chris Baltz its new vice president of marketing and pricing, replacing Gerald Pirpich, who is retiring Jan. 31.

Hunt Hiring Sets Record

J.B. Hunt Transport Services Inc. is on track to set a record in 2003 for hiring drivers.

CEO Club Shrinks Again During 2003

State?s CEO club has shrunk since the Northwest Arkansas Business Journal last profiled the chief executives of publicly traded companies, but those remaining look pretty much the same.

Wal-Mart Looks To Buy Brazil Chain From Ahold

Wal-Mart Stores Inc. is working on a deal to buy the 120-store Bompreco supermarket chain in Northeastern Brazil from troubled Dutch retailer Ahold NV, the Brazillian newspaper Valor Economico reported on Nov. 26.

Wal-Mart Drops Funds, Declares Dividend

Wal-Mart Stores Inc. of Bentonville, the nation?s largest private-sector employer, is eliminating two Putnam funds from its 401(k) plan ? more unwelcome news for a mutual-fund firm that has been jolted by allegations of improper trading.

Tyson Announces Wellness Office

Tyson Foods Inc. announced on Nov. 21 the formalization of an official Office of Animal Well-Being headed by veterinarian and animal welfare expert Kellye Pfalzgraf.

First Federal Declares Dividend

First Federal Bancshares Inc. of Harrison on Nov. 26 declared an 18 cent cash dividend on common stock.

Baldor Signals Dividend, Stock Repurchase Plan

Baldor Electric Co. of Fort Smith declared an 8 percent increase in its regularly quarterly cash dividend.

Former IBP Exec Resigns From Tyson

Robert L. Pearson, former chief operating officer of IBP Inc., retired from the Tyson Foods board of directors on Nov. 11.

Tyson?s Earnings Up, Fiscal Profits Decline

Tyson Foods Inc. saw earnings jump by 42 percent for the fourth quarter, but earnings for the entire year were down.

Tyson Partners With Canadians

Tyson Foods Inc. has joined Export Packers Co. Ltd. of Toronto to produce fully cooked chicken products for sale in Canada.

Wal-Mart Profits Rise, But Earnings Miss by a Penny

Wal-Mart Stores Inc. saw profits increase by 13 percent in the last quarter, but earnings missed analysts projections by a penny.

America?s Car Mart Opens New Dealership

America’s Car-Mart Inc. is opening a new dealership in Neosho, Mo.

Cannon Express to Delist from Stock Exchange

Cannon Express Inc. will voluntarily delist from the American Stock Exchange.

New Safety Rules May Raise Trucking Costs

The first major changes in truck driver work hours since 1939 will hopefully reduce highway fatalities but are also expected to increase trucking rates.

Wal-Mart Names Diversity Officer

Wal-Mart Stores Inc. names Charlyn Jarrells Porter, the company’s human resources director, as the director of its office of diversity.

P.A.M.?s Revenue Is up; Net is Down

P.A.M. Transportation Services Inc. released its third quarter earnings on Oct. 27. While operating revenues increased 14 percent to $74.2 million compared with 2002?s third quarter tally of $65.1 million, net income decreased from 2002.

J.B. Hunt Increases 3Q Revenue 7 Percent

Lowell?s J.B. Hunt Transport Services Inc. reported a 7 percent increase in third quarter operating revenue from $583 million in 2002 to $622 million.

Wal-Mart Receives Target Letter

Wal-Mart officials said the company received a letter from the government on Oct. 31 saying that a federal grand jury is investigating the world?s largest retailer for violating immigration laws.

Walton Arts Center, Walmart AMP release impact report for 2024 season

Bentonville-based Good Gravy Group looks to scale, offer retail items

Arkansas River tonnage up almost 2% in 2024

Focus of ArcBest officer changes includes goal of ‘right solutions and capacity’