Kim Souza / Talk Business & Politics
Reporter, Talk Business & PoliticsKim Souza is a reporter for Talk Business & Politics.
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Shares of Walmart (NYSE: WMT) traded 7.5% lower Thursday morning to $156.95. Over the past 52 weeks, the share prices have ranged from $136.09 and $169.94.
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Company executives said they expect better results in chicken and prepared foods with comparable results in pork and continued challenges in the beef segment during fiscal 2024.
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Tyson Foods announced Monday plans to close four chicken processing plants in North Little Rock, Noel and Dexter, Mo., and Corydon, Ind., over the next three quarters.
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Shareholders had positive news to celebrate. For fiscal 2023, Walmart reported record revenue of $611.3 billion, up 6.7% year over year.
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Springdale-based Tyson Foods reported a second fiscal quarter net income loss of $97 million on Monday.
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Tyson Foods is cutting 10% of its corporate headquarters jobs and 15% of senior leadership jobs, according to an internal memo from CEO Donnie King on Wednesday.
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Springdale-based Tyson Foods announced Monday it plans to shutter its plant in Van Buren.
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The Arkansas-based company is the latest retailer to agree to a settlement over the dispensing of addictive opioid medications. Walmart had previously vowed to fight the litigation.
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Police allege John R. Tyson became intoxicated and fell asleep in the Fayetteville home of a woman he did not know.
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The Bentonville-based retail giant says it hopes to address healthcare equity issues with its new research division.