Walmart, Capital One card deal; Arkansas index up 3.03, closes at 903.67 | Arkansas Democrat-Gazette


Walmart, Capital One

terminal card protocol

Walmart Inc. has severed ties with Capital One, which had been the sole issuer of its consumer credit cards since 2019.

The companies said in a joint press release Friday that nothing will change for existing cardholders, who can continue to use their cards and earn and receive rewards.

Walmart filed the lawsuit in April 2023, claiming Capital One was too slow in posting transactions to cardholders' accounts and replacing lost cards.

A federal judge in Manhattan ruled in March that the Bentonville-based retailer could end its relationship with Capital One because of the bank's “repeated customer service failures.”

In addition to the Capital One Walmart Rewards Mastercard, which can be used anywhere Mastercard is accepted, the companies also offer a card for Walmart purchases.

The Walmart Rewards Card can be used in stores, on Walmart.com, through the Walmart app and at Walmart gas stations.

McLean, Virginia-based Capital One will retain ownership and service of the credit card accounts.

Walmart Rewards Card holders will get more information next month, the companies said.

——Selena McKay

Boeing plans launch

After facing the problem

CAPE CANAVER, Fla. — After battling more problems with its capsule over the past few weeks, Boeing is now targeting its first astronaut launch in early June.

Officials from the company and NASA said on Friday that an in-depth review showed that the Starliner capsule could fly safely with two test pilots at the helm, despite a minor leak in the propulsion system. The helium leak was discovered after the first launch attempt on May 6, which failed due to an unrelated rocket issue, but the issue has been resolved.

Engineers suspected the seal was defective and even if the leak worsened, it could have been fixed on the fly. Boeing plans to launch on June 1 from Florida.

Steve Stich, NASA's commercial crew program manager, said the identification of the leak led to the discovery of a “design flaw” in the Starliner's propulsion system amid a series of failures. He added that if such a problem arises, the team has developed workarounds to safely deorbit the capsule at the end of the flight.

“We won't fly until we know it's safe,” NASA Associate Administrator Jim Free told reporters.

–Associated Press

Arkansas index rises

3.03, ended at 903.67

The Arkansas Index, a price-weighted index tracking the state's largest publicly traded companies, closed Friday at 903.67 points, up 3.03 points.

Shares of PAM Transport Services Inc. closed up 27 cents, or just over 1%, on Friday. Tyson Foods Inc. shares fell 16 cents, or 1%.

The index, jointly developed by Bloomberg News and the Democrat-Gazette, had a base value of 100 as of December 30, 1997.



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