Tag: Public Companies

Cannon Fires 50, Attempts U-turn

Dean Cannon, president and director of trucking firm Cannon Express Inc. of Springdale, says the company has laid off 50 corporate employees in a bid to cut costs.

AERT Keeps Slow but Steady Progress

Headlines for Advanced Environmental Recycling Technologies Inc. in Springdale were mostly positive in 2001.

Baldor Annual Report Confirms Declined Sales

In an annual report filed with the SEC March 15, Baldor Electric Co. announced decreased annual sales of $557.5 million, down 10 percent from record sales of $621.2 million in 2000.

Wal-Mart Expects Same-Store Sales Increase

Wal-Mart Stores Inc. said sales in the week ended March 18 were “within range,” in both the Wal-Mart and Sam’s Club divisions.

Arkansas Corporations Usually Offer Choice in Pension

Most of the state?s large, publicly traded corporations included diversified 401(k) pension plans on their roster of benefits.

Stock in 401(k) Plans Can Be Mixed Blessing

Until five years ago, Wal-Mart funded and directed an employee retirement account with no individual input or contribution from associates. For most Wal-Mart workers, that worked out just fine.

Real Money Means Real Investing for UA Students

Over the past few years, the value of the Rebsamen Trust?s stock portfolio dropped from $1.6 million to a low of about $898,000 after Sept. 11, but it has since rebounded to about $1.05 million.

Poultry in, Red Meat Out in Latest Consumer Survey

The Consumer Intentions and Actions Survey conducted by BIGresearch said more and more people are turning to fruit, poultry and vegetables while eating less red meat, starch, sweets and snack foods.

Divorce Splits CEO?s Holdings

P.A.M. Transportation Services Inc. CEO Robert Weaver lost a chunk of his company stock holdings in a July divorce from his wife Paula Ruth Weaver, but what?s left is worth more than ever.

Arkansas Best Takes $24 Million Charge

Arkansas Best Corp. of Fort Smith said on March 4 that it will take a first-quarter non-cash charge of $23.9 million as a goodwill impairment charge.

Brass Eagle 4Q Net Down 55.3 Percent

Blaming the economy and Kmart Corp., Brass Eagle Inc. of Bentonville, a manufacturer of paintball guns and other extreme sports products, reported on Feb. 26 that net income for its fourth quarter dropped 55.3 percent.

Edgewater Plans Major Layoff

Edgewater Technology Inc. of Wakefield, Mass., announced on Feb. 28 that 19 percent of its work force ? 38 employees ? will be laid off.

First Federal Bancshares Quarterly Dividend Up One Cent

On Feb. 26, Harrison?s First Federal Bancshares of Arkansas Inc. announced that it would increase its regular quarterly dividend 9.1 percent from 11 cents to 12 cents per share.

Wal-Mart Targets Japanese Retailer

Wal-Mart Stores Inc. announced on March 14 that it has agreed to pay $46 million to buy 6.1 percent of the stock of The Seiyu Ltd., a leading Japanese retail chain with more than $8 billion in annual sales.

Delta Systems Wins Tyson Foods Account

Delta Systems Inc., the Rogers PC-based automation and motion-control company, announced on March 12 that it had struck a deal with Tyson Foods Inc. to implement nine production systems at the Springdale poultry producer?s Sedalia, Mo., plant.

Tyson Foods Applauded, Lauded by Activist Groups

In the most rare of occasions, an activist group has praised Tyson Foods Inc. of Springdale and other large poultry companies.

Wal-Mart Wins, Kmarts Closing

Charlie?s Angels and swimsuit vixens couldn?t save Kmart Corp. from bankruptcy, so the company has turned to Mickey Mouse and Spike Lee for help.

Arkansas Best, J.B. Hunt Rated ?Strong Buy?

John Larkin, an analyst with Legg Mason Wood Walker Inc. of Baltimore, Md., said in a Feb. 22 press release that he expects a significant earnings upswing in the near future for the American trucking industry.

Cannon to Appeal $6 Million IRS Claim

The Internal Revenue Service has notified Springdale?s Cannon Express Inc. that the truckload carrier owes $6 million in back taxes. It is appealing the decision.

P.A.M. Plans to Offer 3.5 Million Shares

P.A.M. Transportation Services Inc. of Tontitown plans a second issuance of stock.

Fort Smith Metro News Briefs: ArcBest goes electric, Baptist Health nurse receives national award

Consumers expected to spend $27.9 billion for Father’s Day

Kevin Costner advocates for national parks during Congressional hearing in Hot Springs

The 9th annual Juneteenth celebration slated for Jonesboro