NEW YORK (CNN) -- CNN Money's Jeanne Yurman has your top business and financial news on this Wednesday, November 20.
American Tubing plans $3.2M expansion, 50 new jobs
American Tubing Inc. of Springdale, a company that makes copper assemblies and components for air conditioning and refrigeration products, said Tuesday that it plans to expand its facilities by 20,000 SF and add 50 jobs. The expansion of American's plant at 2191 Ford Ave. will accommodate the "growing demand" of aluminum assemblies and components. The expansion will cost $3.2 million, the company said. "We are extremely excited about this new product line," Chuck Lewis, the company's president, said in a news release. "We have worked closely with our customers for the past two years to be ready for production in 2014. Since 2008, business has been somewhat flat. Growing and innovating is what we do best. It's good to have too much to do again."
Bernanke: Recent jobs reports are 'disappointing'
Forget that strong October jobs report. It wasn't strong enough to convince Ben Bernanke to slow the Federal Reserve's stimulus program. The latest data show the economy added an average of 200,000 jobs each of the last three months -- marking a sudden breakout for the labor market after months of weaker reports. Immediately after the October report was released, Fed watchers started speculating that it may just be the good news the Fed has been waiting for: Would the Fed start winding down its stimulus program at its next meeting in December? In a speech Tuesday evening, Bernanke characterized that data as "somewhat disappointing."
Facebook: Know if your friends are using mobile app or the web
We'd hardly call it a ground-breaking feature, but it's pretty nice that Facebook now lets you know whether the friends you're chatting with are using the mobile app or the website. To the right of a user's name you'll now see the words "web" or "mobile," letting you know whether or not a buddy is seated in front of their PC and ready to chat, or out and about firing off rather brief replies. People started noticing the new feature pop up yesterday, but now the social network has confirmed that it's rolling out the statuses globally. If you're not seeing it just yet, be patient. A few Engadget editors are seeing the web/mobile messages on the site already, but we're not having luck yet with the mobile app.
Ford to unveil next-generation Mustang Dec. 5
Ford will unveil the 2015 Mustang, the next generation of the iconic pony car, on Dec. 5. The unveiling will be held simultaneously in Dearborn; Los Angeles; New York; Barcelona, Sydney, Australia; and Shanghai. The news broke Tuesday at an event at the Los Angeles Auto Show. This will be the first redesign since 2005 for the car and comes as car celebrates its 50th anniversary next year. The 2015 Mustang will be a global car. Ford already announced plans to sell it in Europe. Ford also is partnering social media, including Facebook and Instagram, to do a 15-day countdown to the unveiling events. For the first 15 days of December there will be a short film series called "Mustang Inspires," developed by Instagrammers. People are invited to share pictures and stories using the #MustangInspires hashtag.