LITTLE ROCK, Ark. (Arkansas Business) -- Shares of Wal-Mart Stores Inc. of Bentonville ending the day down more than 2 and a half percent after the company early Thursday reporting second-quarter earnings and revenue that missed analysts' predictions.
The retailer also cut its sales outlook for the full year, now calling for about 3 percent growth versus 6 percent originally.
In its earning release, Wal-Mart said consumers are still cautious in their spending. The company also cited a 2 percentage-point increase in payroll taxes that took effect Jan. 1, meaning Americans have less to spend.
Warwick Sabin to lead AR regional Innovation Hub
The recently announced Arkansas Regional Innovation Hub has an executive director.
Warwick Sabin, the publisher of Oxford American magazine and a state representative, has been named to the post. He'll begin work there on Sept. 1.
Sabin had been publisher of the Oxford American since 2008, helping the magazine find financial footing after years of on- and off-again publishing.
The Innovation Hub is a new nonprofit that aims to promote entrepreneurship through business incubation, academic research, technical and manufacturing assistance, and job training.
The group announced its first endeavor, the Argenta Innovation Center in North Little Rock, last month. That center is set to be up and running by spring.
Arkansas Business Health Care Symposium
Arkansas Business gearing up for its second Health Care Symposium which will take an in-depth look at how health care reform will affect businesses' bottom lines and employees.
Through panel discussions, the symposium will cover new reporting requirements, tax implications and costs to business
The event will be 9 a.m.-1 p.m. Wednesday at the Statehouse Convention Center in Little Rock. You can get tickets right now at ArkansasBusiness.com/HealthCare.