Tag: Public Companies

Year?s Top 10 Northwest Arkansas Stories

Major local stories for 2001 include business mergers, fraud and success.

CEO Extends Offer

Dwain A. Newman, CEO of National Home Centers Inc., has extended his tender offer to purchase all outstanding shares of the Springdale company until 5 p.m. on Dec. 24.

Beverly Board Elects Floyd

Fort Smith-headquartered Beverly Enterprises Inc. announces that its board of directors elected William R. Floyd as chairman of the board.

Case Against Arkansas Western Pushes Forward

A Fayetteville lawyer said his clients could possibly wallop Arkansas Western Gas with a judgment similar to the $109 million verdict that took the wind out of parent-company Southwestern Energy Co. last year.

What Driver Shortage?

J.B. Hunt, USA Truck scale back pay.

Tyson Pauses Production at Two IBP Plants

Production was suspended on Dec. 3 at two IBP Inc. beef plants and was reduced at two other company beef plants because of market conditions, a press release from the unit of Tyson Foods Inc. said.

Wal-Mart Single-day Sales Rise

Wal-Mart Stores Inc. reported record single-day sales for Friday, Nov. 23, of more than $1.25 billion at the company’s domestic Wal-Mart stores, Supercenters and Neighborhood Markets.

Wealthiest Arkansans: Stephenses Hang on Behind Waltons Despite Tough Year

The Stephens family of Little Rock has lost almost a third of its stock holding wealth since mid-2000, but it manages to hang on in Arkansas Business? 2001 listing of Arkansans? stock holdings.

Federal Judge Sides with IBP Employees

IBP Inc., purchased in a $4.6 billion package by Springdale?s Tyson Foods Inc. in September, has been ordered to pay $3.1 million to current and former employees at a plant in Washington state.

Edgewater Hopes Software Grabs Truckers

Edgewater Technology Inc., a Massachusetts firm with a substantial presence in Arkansas, launched a logistics software package recently at the premier trucking industry conference.

Cannon Express Reports Diminished 1Q Figures

Cannon Express Inc. of Springdale said on Nov. 14 that first-quarter revenues were down about $890,000 from the same time last year as a driver shortage and less demand for services weakened the trucking company.

First Federal Bancshares Cash Stacks Up

Harrison?s First Federal Bancshares of Arkansas Inc. on Nov. 14 said its cash and cash equivalents for the third quarter ended Sept. 30 were up 326.1 percent to $37.7 million.

National Home Quarterly Net Income Swells

National Home Centers Inc. of Springdale said net income for the third quarter increased from last year ? up to $705,000, or 10 cents per share, from $68,000, or 1 cent per share, last year.

IBP Purchase Boosts Tyson Foods 4Q

Tyson Foods Inc. of Springdale on Nov. 12 reported higher fourth-quarter earnings, which were boosted by the chicken processor?s purchase this year of beef and pork processor IBP Inc.

Wal-Mart Profits Increase Less Than Usual

Wal-Mart Stores Inc. reported an 8 percent increase in fiscal third-quarter profits as consumers sought low-priced goods in the stalled U.S. economy.

Baldor Declares Dividend

The Baldor Electric Co. board of directors declared a regular quarterly cash dividend of 13 cents per share, payable Jan. 2 to shareholders of record Dec. 12.

The Kennedys Take on the Tysons

The law firm of Robert F. Kennedy Jr., is among those joining in the aid of property owners near the Oklahoma and Missouri borders accusing Springdale?s Tyson Foods Inc. of polluting Grand Lake in Oklahoma.

Beverly Records $12 Million 3Q Income

Beverly Enterprises Inc. of Fort Smith said Oct. 30 that its third-quarter revenues increased and that it would meet analysts? expectations.

Delta Systems Offering Grosses Nearly $2 Million

Bentonville?s Delta Systems Inc., the automation and motion control company, announced on Oct. 31 that it has completed its previously announced rights offering.

Superior Financial Reports 15 Percent Net Increase

Superior Financial Corp., holding company for Fort Smith’s Superior Federal Bank, on Oct. 19 said its earnings for the quarter ended Sept. 30 would include a 15.1 percent increase in net income compared with 2000’s third quarter.

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