NEW YORK (CNN) -- CNN Money's Maribel Aber has your top business and financial news on this Tuesday, November 26.
Allens Inc. for sale, bankruptcy filings show
Allens Inc. sold most of its financially disastrous frozen-foods division in 2012, and now the rest of the company is up for sale, according to documents filed in one of Arkansas' largest bankruptcy cases. As of last week, at least one bid was being put together to buy the 87-year-old Siloam Springs company from its founding family, according to an attorney involved in the case who asked not to be named because he didn't have authority to speak on the record. The attorney said he didn't know the identity of the potential buyer. A spokesman for Allens declined to comment on the Chapter 11 bankruptcy reorganization, which was filed Oct. 28 and estimated the company's debts at $279.9 million.
'Advance Arkansas Sites' to showcase large-acreage plots for development
The Arkansas Economic Development Commission and Gov. Mike Beebe on Monday announced a new initiative to better position large-acreage sites for major industrial development. So called "Advance Arkansas Sites" must be "ready for rapid industrial development and meet AEDC's highest standards of quality." Sites that earn the designation will be marketed on the AEDC's website and on a new site, AdvanceArkansasSites.com. Two large-acreage sites, called the "Little Rock Metro Mega Site" and the "West Memphis Mega Site," are already featured on AdvanceArkansasSites.com. The Little Rock site is located in Saline County and is 2,045 acres. The West Memphis site is 1,420 acres.
Playstation 4 poised to outsell XBox One
As Black Friday approaches the lower price of the $399 PlayStation 4 may help that system outsell the $499 Xbox One, while 2014 may hold game-changing competition from Apple for the new generation of consoles. Sony and Microsoft both designed systems to cater to the gaming and program watching demands of a living room audience, with DVD, online content stores, games and 3-D sensor technology. Apple may be planning to step up competition for living room audiences with an eventual upgrade of its Apple TV set top box using technology from its new acquisition PrimeSense. Apple on Monday confirmed it bought the Israel-based company, which designed the 3-D depth sensors for the Microsoft Kinect on the Xbox 360.
A fake slum for those who don't want to see real poverty
It's estimated that one in eight people worldwide live in so-called slums, which, in some cities, makes visiting these informally maintained neighborhoods unavoidable. Although controversial, the practice of "slum tourism" has become a popular way for tourists to engage with poverty on a personal level. But why go visit an actual slum when you can simply stay at a luxury resort that looks like a slum? The Emoya Luxury Hotel and Spa near Bloemfontein, South Africa offers Shanty Town, a dozen shacks made from scrap wood and corrugated metal that it thinks is the perfect setting for your next corporate retreat or wedding anniversary. The resort has gone to great lengths to recreate the joys of slum living without the nuisances of crime, disease, or poor sanitation: "Now you can experience staying in a Shanty within the safe environment of a private game reserve. This is the only Shanty Town in the world equipped with under-floor heating and wireless internet access!"