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Article: Recession's effects on Arkansas' public companies prove mixed.(Overview)
- Article from:
- Arkansas Business
- Article date:
- May 4, 2009
- Author:
CopyrightCOPYRIGHT 2009 Journal Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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THE RECESSION THAT BEGAN in the last quarter of 2007 began to affect Arkansas publicly traded companies in 2008, though other factors played their part in both earnings and losses.
The economic downturn has proven beneficial to Wal-Mart Stores Inc., for example, as wallet-watching shoppers headed to the stores known for their everyday low prices. Income for the world's largest retailer rose to $13.4 billion compared with $12.7 billion during its previous fiscal year.
And a spike in oil and gasoline prices last summer helped Murphy Oil Corp. more than double its earnings, to $1.7 billion compared with $766 million in 2007.
The state's ...
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... ... leaders of the state's public companies. Scott Ford, chief ... Foods Inc. (88), Murphy Oil Corp. (134), Alltel ... out Arkansas-based public companies that made the Fortune ... Electric Co. (935). Murphy Oil has greatly benefited ...
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