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Arkansas' best: more than 100 Forbes, Fortune 500 companies have Arkansas ties.

General Electric Co., No. 5 on the Fortune 500, was the highest-ranked company with operations in Arkansas, according to the magazine's latest ranking.

GE, based in Fairfield, Conn., ranked first on Forbes' "Super 50." That is the list of the Forbes 500 companies with the highest composite ranking from the magazine's sales, profits, assets and market value lists.

Among companies with Arkansas affiliations on the Forbes 500, American Telephone & Telegraph Co. had the highest ranking at No. 5 AT&T jumped eight places from its ranking of 13th in 1990.

Four Fortune 500 companies are headquartered in Arkansas. They are Tyson Foods Inc. of Springdale at No. 120, Murphy Oil Corp. of El Dorado at No. 223, Hudson Foods Inc. of Rogers at No. 409 and Riceland Foods Inc. of Stuttgart at No. 450.

Tyson and Hudson moved up the list, while Murphy and Riceland fell.

Arkansas ranked 23rd on Fortune's list of states with corporate headquarters. New York was first. It served as the corporate home for 56 of the Fortune 500 companies in 1991.

Money Losers

Murphy also was on Fortune's money losers list. The El Dorado company slipped from No. 210 to No. 223 on the 500.

Seventeen companies with Arkansas affiliations were on the money losers list.

Four Arkansas-based companies on the Forbes 500 list were Wal-Mart Stores Inc. of Bentonville at No. 10, Dillard Department Stores Inc. of Little Rock at No. 229, Beverly Enterprises Inc. of Fort Smith at No. 382 and the Alltel Corp. of Little Rock at No. 453. The companies all improved their positions on the list.

Tyson and Murphy also were named to the Forbes 500.

The Fortune 500 is an annual listing by Fortune magazine of the 500 largest U.S. manufacturing corporations, ranked by sales. The magazine also ranks the assets, net income, stockholders' equity, number of employees, net income as a percent of sales or of stockholder's equity, earnings per share and total return to investors.

The Forbes 500, meanwhile, is an annual listing by Forbes magazine of the largest U.S. publicly owned corporations. They are ranked four ways -- by sales, assets, profits and market value.

Forbes singled out Wal-Mart as a big winner in an otherwise bleak year for its "Sales 500." In a year when many companies' sales were declining, Wal-Mart posted revenue and profit increases.

There are more than 100 corporations on the Fortune 500 and the Forbes 500 with operations in Arkansas. Almost half of those have more than one facility in the state.
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Author:Fleisch, Shelley
Publication:Arkansas Business
Date:Jun 1, 1992
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