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Rice mill to create jobs at port

A new multimillion-dollar rice mill at the Port of Pine Bluff will initially employ 25 and further expansions are planned, Southwind Milling Co. LLC announced Monday.

Unemployment declines in city, county

Pine Bluff’s unemployment rate fell from April to March but remained the second-highest among cities in the state, according to data released last week by the Arkansas Department of Workforce Services.

PB March unemployment continues downward trend

The March unemployment rate for Pine Bluff declined for the second consecutive month in March but remained the second highest in the state, according to data released Tuesday by the Arkansas Department of Workforce Services.

Simmons First to consolidate bank charters

Simmons First National Corp. filed notice with the Securities and Exchange Commission that it would consolidate its seven subsidiary banks into a single banking organization. The consolidation of charters will occur in two phases, the bank said.

Simmons to merge subsidiary banks

Pine Bluff-based Simmons First National Corp. announced in a Wednesday filing with the U.S. Securities and Exchange Commission that it intends to consolidate its seven subsidiary banks into a single banking organization.

Third round of layoffs at Acxiom begins

A third, and likely final, wave of layoffs at Little Rock-based Acxiom Corp. began on Wednesday as the database marketer continued its push to realign its work force to meet changing industry demands. Acxiom indicated in November 2013 it would cut its overall labor force by March in an effort to save $20 million to $30 million annually. Approximately 200 workers nationwide were part of the latest round of layoffs with around 100 in Arkansas.

Walmart profits tumble

Revenues grew modestly, but profits took a tumble as Walmart reported its fourth-quarter and full-year financials. The Bentonville-based retail giant reported fourth-quarter net income of $4.43 billion on sales of $128.8 billion, an increase of 1.4 percent over last year. The quarter included the negative impact of about $1.8 billion from currency exchange rate fluctuations. Last year Walmart posted fourth-quarter profits of $5.86 billion on revenue of $127.77 billion.