CNN Money: Top business headlines for August 27

    7:03 AM, Aug 27, 2013   |    comments
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    NEW YORK (CNN) -- CNN Money's Maribel Aber has your top business and financial news on this Tuesday, August 27.

    Central High supporters form nonprofit to help school
    Supporters and alumni of Little Rock's Central High School have formed a nonprofit to support the school, the Tiger Foundation. Members of the foundation plan a news conference at 1:30 p.m. Tuesday on the front steps of the school to announce the formation of the organization. "We are a 501(c) nonprofit, public charity," said Julie Keller, foundation secretary. "We were created specifically to assist with four big areas of interest: academics, the arts, citizenship and athletics." The nonprofit made its focus broad, Keller said, "because there are lots of different kinds of needs at the school. One year, we might be interested in one thing. One year, we might be interested in another thing. We wanted to keep our mission statement broad."

    CVS, Kum & Go could come to University Avenue
    You're probably aware that the former Brandon House Furniture property on the west side of University Avenue between Interstate 630 and 12th Street in Little Rock is undergoing a transformation via teardown. We understand Kum & Go is interested in buying part of the property to develop one of its super convenience stores. You might recall the Iowa chain looked to develop a site one exit to the east, at the southwest corner of Fair Park Boulevard and Interstate 630. Kum & Go officials decided to look elsewhere after development plans were greeted with neighborhood opposition.

    Facebook friends could change your credit score
    Choose your Facebook friends wisely; they could help you get approved -- or rejected -- for a loan. A handful of tech startups are using social data to determine the risk of lending to people who have a difficult time accessing credit. Traditional lenders rely heavily on credit scores like FICO, which look at payments history. They typically steer clear of the millions of people who don't have credit scores. But some financial lending companies have found that social connections can be a good indicator of a person's creditworthiness.

    'Mighty Wings' landing at McDonald's
    McDonald's is set to hatch a fast-food menu item in a fast-growing category it wants to own: chicken wings. The world's biggest fast-food chain plans a limited-time roll-out of its "Mighty Wings" starting Sept. 9 -- with a nationwide roll-out to be complete by Sept. 24, says Leslie Truelove, director of marketing at McDonald's USA. The bone-in wings, lightly-breaded and seasoned with cayenne and chili pepper, will be available through November.



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