Subject: Tuesday Morning Briefing
From: Talk Business <[email-masked]>
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Date: Tue, 10 May 2016 11:36:19 +0000
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CHIEF EXECUTIVE MAGAZINE: ARKANSAS NOW IN TOP 25 OF BEST STATES TO DO BUSINESS: Arkansas was the second biggest mover among the best states for attracting new business, jumping 10 spots into 23rd place in Chief Executive magazine’s annual Best & Worst States for Business survey released on Monday.

Chief executives from across the globe again rated Texas as the No. 1 state in which to do business. No. 2-ranked Florida continued to edge up in the qualitative measures. North Carolina, Tennessee and Indiana also made the top five. Ohio, which ranked as the biggest gainer just ahead of Arkansas, rose from No. 22 in 2015 to No. 10 in this year’s survey. Read more at this link (http://talkbusiness.us2.list-manage1.com/track/click?u=4403c46412536341322b6e88c&id=34f725a163&e=b5f4886f5f) .

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2Q INCOME UP ALMOST 40% FOR TYSON FOODS, COMPANY RAISES FULL-YEAR EARNINGS GUIDANCE: Continued growth in prepared foods and improved beef numbers helped Tyson Foods post a better-than-expected second fiscal quarter net income of $432 million, up almost 40% compared to the $310 million posted in the same quarter of last year. Total revenue during the quarter was $9.17 billion, down 8.1% compared to the same quarter last year, but better than the consensus estimate of $9.04 billion. The company also raised its full year earnings guidance from $3.85-$3.95 per share to $4.20-4.30 per share and expects sales of $37 billion this year. Revenue is expected to decrease year-over-year because of lower meat prices. Read more segment analysis at this link (http://talkbusiness.us2.list-manage.com/track/click?u=4403c46412536341322b6e88c&id=445528719a&e=b5f4886f5f) .

MURPHY USA 1Q RESULTS BLOW PAST WALL STREET EXPECTATIONS, FUEL VOLUME UP 4.6%: Shares of Murphy USA jumped nearly 9% in early trading on Monday as the convenience store operator easily beat Wall Street’s first quarter expectations at the kick-off of this week’s opening bell. For the period ended March 31, 2016, the El Dorado-based company reported (http://talkbusiness.us2.list-manage.com/track/click?u=4403c46412536341322b6e88c&id=45b14c707f&e=b5f4886f5f) net income of $85.9 million, or $2.08 per share, compared to $22.9 million, or 50 cents per share, in the same period a year ago. First quarter revenues were $2.49 billion, down 14.7% compared to sales of $2.92 billion in the same period of 2015.

WALMART, WALMART FOUNDATION GIVE $8 MILLION TO ARKANSAS CHILDREN’S HOSPITAL NORTHWEST: Walmart and the Walmart Foundation are giving $8 million to Arkansas Children’s Northwest for the $160 million hospital under construction in Springdale near Arvest Ballpark. The announcement (http://talkbusiness.us2.list-manage.com/track/click?u=4403c46412536341322b6e88c&id=c49009ce19&e=b5f4886f5f) was held Monday (May 9) at the ballpark. Arkansas Children’s Hospital CEO Marcy Doderer said the gift is the largest contribution Walmart has ever made toward any hospital affiliated with the Children’s Miracle Network. The Arkansas Children’s Hospital Northwest facility is estimated to have 233,613 square feet, and sit on 37 acres. The facility is expected to have 24 inpatient beds, 30 emergency department rooms, five operating rooms, and 30 clinic rooms.

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GILLAM ELECTED ARKANSAS HOUSE SPEAKER AS SESSION ENDS, ONLY FIFTH SPEAKER ELECTED TO MULTIPLE TERMS: Arkansas House Speaker Jeremy Gillam, R-Judsonia, was re-elected (http://talkbusiness.us2.list-manage.com/track/click?u=4403c46412536341322b6e88c&id=1fc46c9167&e=b5f4886f5f) to his top House post by unanimous voice vote Monday as the Legislature adjourned sine die, meaning this year’s fiscal session is over. Gillam, 39, was the only candidate who attended a meeting April 12 for any member interested in pursuing the speakership.

House Republicans then adjourned and elected their executive committee for the next year. Rep. Mat Pitsch, R-Fort Smith, was elected as majority leader, defeating Rep. Bob Ballinger, R-Hindsville. Rep. John Payton, R-Wilburn, was elected majority whip over Rep. Laurie Rushing, R-Hot Springs. Rep. Robin Lundstrum, R-Springdale, was elected secretary over Rep. James Sturch, R-Batesville. The committee takes office immediately.

DHS DIRECTOR GILLESPIE: 'ARKANSAS HAS DONE SOME REALLY AMAZING THINGS' - New Department of Human Services director Cindy Gillespie shares her vision and direction for taking one of state government's largest and most complex agencies. The Georgia native began working at DHS March 1 and will be paid a salary of $280,000, which is $119,000 more than her predecessor, John Selig. As a senior adviser to former Massachusetts Gov. Mitt Romney, she played a leading role in the development of that state’s health reforms. Read her full Q&A at this link (http://talkbusiness.us2.list-manage1.com/track/click?u=4403c46412536341322b6e88c&id=bf281aecea&e=b5f4886f5f) , which includes Gillespie's observations on budgeting, foster children services, and managed care.

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INNOVATION CORPS TRAINING PROGRAM TO HELP STUDENTS MARKET THEIR RESEARCH: The Southwest Node of the National Science Foundation Innovation Corps (I-Corps) kicks off a two-week workshop to give student researchers in Arkansas an opportunity to bring their innovations to the marketplace. The first workshop is on Friday, May 13 at the University of Arkansas at Little Rock and concludes with a Friday, May 27, workshop at the University of Arkansas at Fayetteville.

Twelve teams — including six from UALR, five from UA Fayetteville, and one from the the University of Arkansas for Medical Sciences — will participate. Each squad will include one to three graduate research students, a research faculty member, and an industry mentor.

The program is designed to encourage entrepreneurship in the research community, helping participants examine their work from a potential customer’s perspective and exposing them to experts with diverse specialties and experiences. Through the workshop, participants will learn how to test their research for business viability. Participation in the regional workshop could help students become eligible to apply for inclusion in the seven-week national I-Corps program, which includes a $50,000 team grant.

BILL CLINTON TO DELIVER COMMENCEMENT ADDRESS AT PUBLIC SERVICE SCHOOL: Former President Bill Clinton will deliver the commencement address to the 10th graduation class of the University of Arkansas Clinton School of Public Service on Sunday, May 15. Forty-one students will graduate with a Master of Public Service (MPS) degree from the school. Established in 2004, the Clinton School of Public Service was the first graduate school in the nation to offer a Master of Public Service degree. During the past two years in the program, the graduates completed a 40-hour curriculum, including three field service projects: a team-based project in Arkansas, an international public service project, and a final individual project.

MICHAEL MILLER NAMED DEAN OF UA COLLEGE OF EDUCATION AND HEALTH PROFESSIONS: Michael T. Miller has been named dean of the University of Arkansas College of Education and Health Professions for a two-year term, beginning July 1, 2016.

Miller is a professor in the higher education, adult and lifelong learning and public policy programs at UA. He replaces Tom Smith, who has been dean since 2010 and will return to the faculty in the college’s special education program this summer. Miller has held the position of senior associate dean for academic affairs in the college since 2013. He joined the faculty of the college in 2003 and coordinated the higher education program for six years.

The College of Education and Health Professions offers 19 graduate and 13 undergraduate programs. The college enrolled 4,089 undergraduate students and 1,321 graduate students for the 2015-16 academic year.

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"I don’t think anybody wants to see the state just sit and wait when there are some things that we could potentially do that can begin to save the state some money and provide more effective services. And that’s a message I’ve heard not just obviously from the governor and from legislators, but interestingly to me, that is a message I’ve heard come to us from providers as well, which is, there are places where we all know some changes need to be made." - DHS director Cindy Gillespie.

"Many governors have gotten openly proactive about trying to steal business away from other states, and this new ‘war’ game has every economic development team on alert." - J.P. Donlon, Editor-in-Chief Emeritus of Chief Executive magazine.

"We’ve been under solid leadership the past two years and we want to continue in that direction." - Rep. Mat Pitsch, R-Fort Smith, the new Arkansas House Majority Leader.

"Our business continues to perform very well, delivering record second quarter operating income and return on sales, in what is typically the most challenging quarter of our fiscal year." - Donnie Smith, president and CEO of Tyson Foods.

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