Posted on 26 May 2012
The announcement that tech giant Hewlett-Packard will lay off 27,000 workers worldwide sent reverberations through Arkansas economic circles, particularly in Conway where the company opened a 1,000 employee, $28 million state-of-the-art service center in 2010. A spokesman for the Palo Alto, Calif.-based company tells Talk Business that “just about every business and region” will be impacted by the downsizing.
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Posted on 19 May 2012
Fueled by growth in its domestic and overseas operations, Wal-Mart Stores Inc. posted first-quarter profits of $3.74 billion on sales of $112.27 billion and total revenue of $113.02 billion.
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Posted on 13 May 2012
Tyson Foods reported second-quarter net income of $166 million, 6.4 percent higher than one year ago when the protein giant posted profits of $156 million. Revenues rose to $8.27 billion, up from $8 billion in the previous year.
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Posted on 05 May 2012
By Roby Brock
Gov. Mike Beebe said Tuesday that tax increases to make up the looming Medicaid shortfall were unlikely and not something he was going to propose. “It’s not anything I have planned or that I’ve heard from the Legislature,” Beebe said in an interview with Talk Business.
State Medicaid officials are expecting a funding shortfall [...]
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Posted on 28 April 2012
Grant Tennille, director of the Arkansas Economic Development Commission, says he’s already building on Gov. Mike Beebe’s trade trip to China. Tennille, permanently appointed to the AEDC post in late March, said follow-up to the Chinese trade mission will include diligent pursuit of discussions from the 12-day trip.
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Posted on 21 April 2012
More Arkansans are working and fewer are unemployed.
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Posted on 14 April 2012
University of Arkansas Athletic Director Jeff Long fired Razorback football coach Bobby Petrino on Tuesday citing “cause for termination.”
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Posted on 07 April 2012
Gov. Mike Beebe’s trade mission to China may be a long-term investment for jobs in Arkansas, but the governor said he hopes for near-term results.
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Posted on 31 March 2012
February’s jobless rate in Arkansas was unchanged from January at 7.6 percent.
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Posted on 17 March 2012
Arkansas’ January unemployment rate was 7.6 percent, down from a revised December rate of 7.8 percent, and well below the 8.1 percent during January 2011.
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