Tag: Public Companies

e. lation at Tyson

A 1997, $15 million class-action lawsuit filed against former Rogers company Hudson Foods Inc. was dismissed March 16 in the Little Rock Circuit Court.

Tyson Launches ProvisionX.com

Tyson Foods Inc., on the same day it pulled the plug on a possible acquisition of IBP Inc., launches an online beef and poultry exchange.

Tyson Ends Deal to Buy IBP

Tyson Foods says it is discontinuing its deal to buy IBP Inc.

Tyson Stock Drops After Earnings Warning

Tyson Foods Inc. of Springdale released an earnings warning today for its second quarter to ?break even.?

Tyson Studies SEC?s IBP Review

The SEC finishes its review of IBP Inc., but Tyson Foods Inc. won?t say how this affects its proposed buyout of the world?s largest producer of fresh beef and pork.

Wal-Mart, Amazon.com Talk Alliance

Wal-Mart Stores Inc. and Amazon.com Inc. are in ?secret talks to form a strategic alliance? that allegedly would benefit both companies, The Sunday Times of London reports.

Expect No Recession in Northwest Arkansas (Jeff Hankins Publishers’ Note)

Business executives in Northwest Arkansas offer no indications of a major economic slowdown for the region.

First Federal Bancshares Declares Dividend

The board of directors for Harrison?s First Federal Bancshares of Arkansas Inc. on Feb. 26 declared an 11-cent dividend payable March 23.

Southwestern Energy Co. Reports 2000 Net Profit

On Feb. 27 Southwestern Energy Co. announced a net profit for fiscal 2000 of $4.15 million for its seven wholly owned subsidiaries.

Wal-Mart Stores Inc. Breaks Sales, Income Records

The world?s largest retailer broke its own records in the fiscal year that ended Jan. 31, with net sales of $191.3 billion and net income of $6.3 billion.

Re-Tooleying

Russell Tooley has moved from corporate complex human resources manager at Tyson Foods Inc. to division HR manager in Springdale.

Tyson Pursues Another Option with IBP

Tyson Foods Inc. of Springdale says it will likely terminate its cash tender offer to purchase 50.1 percent of IBP Inc. shares and try a cash election merger instead.

Wal-Mart Relatively Recession-Proof, CEO Says

“Things can get a lot worse before they get bad at Wal-Mart,? the company?s CEO, Lee Scott, tells students at the University of Arkansas.

Wal-Mart Breaks Sales, Earnings Records

Wal-Mart Stores Inc. breaks its own records in the fiscal year ending Jan. 31 with net sales of $191.3 billion and net income of $6.3 billion.

Baldor Electric Co. Announces Earnings

Baldor Electric Co. in Fort Smith announced record fourth-quarter sales of $144.7 million, up 3 percent from $140.5 million for the same time in 1999.

Beverly Enterprises Inc. Releases Earnings Report

On Feb. 6, Beverly Enterprises Inc. announced earnings of 11 cents per diluted share for the fourth quarter of 2000 before special and unusual charges, up from 6 cents in 1999.

Brass Eagle Posts Strong Sales

Brass Eagle Inc., the paintball gun maker, said its fourth-quarter income had more than doubled on strong sales, beating Wall Street expectations, and executives forecast positive earnings into 2001.

Southwestern Energy Co. to Relocate

Southwestern Energy Co. recently announced that it will relocate its corporate headquarters to Houston but the company?s gas utility, Arkansas Western Gas Co., will keep its location in Fayetteville.

Tyson Foods’ Earnings Down

Earnings for the first quarter of fiscal 2001 at Springdale?s Tyson Foods Inc. were down 52.6 percent from the same period in 2000, from $57 million to $27 million.

Tyson Sets 4th Deadline for IBP Deal

Tyson sets a fourth deadline on its IBP purchase and says it remains committed to the deal.

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