Talk Business & Politics Staff

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Arkansas-based retail giant Wal-Mart in its re-organization of the Walmart U.S. technology division is eliminating around 300 jobs in the Information Systems Division (ISD).

Insiders said the retailer is laying off about 10% of its ISD workforce over the next few days. The layoffs at ISD in Bentonville began this week and are expected to continue through the month.

House Minority Leader Michael John Gray
Michael Hibblen / KUAR News

Arkansas House Minority Leader and State Rep. Michael John Gray, D-Augusta, was elected as the new chairman of the Democratic Party of Arkansas. He succeeds Vincent Insalaco, who steered the state’s Democrats for two election cycles.

“To the hundreds of Arkansas Democrats who gathered today to elect new leadership, I am humbled and overwhelmed to be the next chair of the Party. To all of the Democrats across our state, I look forward to serving all of you and fighting for a brighter future for all of our fellow Arkansans. To our new officers, congratulations and thank you to all who stepped up to run,” Gray said.

Brian Chilson / Arkansas Times

Whirlpool’s 2016 Annual Progress Report to the Arkansas Department of Environmental Quality will be released on Feb. 15, according to ADEQ spokeswoman Kelly Robinson.

Tyson Foods CEO Tom Hayes
Tyson Foods

Tyson Foods ended its fiscal year with net income of $1.768 billion, 45% more than the previous fiscal year, thanks in part to lower grain costs, better margins in the chicken segment and continued success with its prepared foods business.

Fiscal year revenue totaled $36.861 billion, below the $41.373 billion in fiscal year 2015, and below the consensus estimate among analysts following the company of $37.12 billion. The fiscal year per share earnings of $4.53 was well ahead of the $2.95 in fiscal 2015 but below the consensus estimate of $4.59.

Six days after six members of the University of Arkansas women’s basketball team knelt in protest during the national anthem, college officials on Wednesday announced “Project Unify,” a “community engagement program” designed to address concerns that fueled the protest.

The move, which will see the players no longer kneel during the anthem, could also quell backlash against the team and the university that included one Arkansas senator threatening to put a hold on the university’s budget.

Consumers in Arkansas say their personal finances have improved this year as have their expectations for the state’s business climate next year, according to the Arvest Consumer Sentiment Survey this fall.

The second quarter economic story of Arkansas’ four key metro areas was much like the first quarter story: unchanged from the previous quarter, but healthy, with continued job gains and sales tax revenue growth, according to The Compass Report.

Compared to the second quarter of 2015, economic conditions were down slightly in Central Arkansas, better in Northwest Arkansas, unchanged in the Fort Smith metro, and up in the Jonesboro metro.

Tom Cotton
Michael Hibblen / KUAR News

At least two members of Arkansas’ Congressional delegation have opened the door to GOP Presidential nominee Donald Trump stepping down from the ticket.

A political firestorm began Friday and has grown through the weekend resulting from a 2005 recording that features Trump having a private conversation with Billy Bush, then a co-host with “Access Hollywood” as they arrived on the set of “Days of Our Lives,” where Trump made a cameo appearance.

Hunting and fishing giant Bass Pro Shops is acquiring competitor Cabela’s Inc. for $5.5 billion in an all cash deal that will combine the two iconic American retailers with loyal outdoor-oriented customer bases across the American South, West and Midwest.

In an announcement after the opening of the New York Stock Exchange, privately-held Bass Pro and publicly traded Cabela announced they had entered into a definitive agreement under which Bass Pro Shops will acquire Cabela’s for $65.50 per share in cash, a 19.2% premium over Friday’s closing price of $54.93.

Jason Burt / Arkansas Business

Dr. Dan Rahn announced Monday he will retire July 31, 2017, as chancellor of the Little Rock-based University of Arkansas for Medical Sciences. His departure will mark almost eight years as head of the state’s largest public employer.

UAMS has 3,021 students, 789 medical residents and five dental residents. It is the state’s largest public employer with more than 10,000 employees, including about 1,000 physicians and other medical personnel who work at the Arkansas Children’s Hospital, the VA Medical Center and UAMS regional centers in Arkansas.

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