Arkansas Business headlines Dec. 7

    7:19 AM, Dec 7, 2012   |    comments
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    LITTLE ROCK, Ark. (Arkansas Business) -- So what did Apple do, just a day after a moderate slump?

    CEO Tim Cook announcing in an interview with Bloomberg Businessweek magazine that the computer and smartphone maker will produce of its Mac computers in the United States next year.

    Cook, in his first extensive interview since taking over as CEO last year, saying company will spending $100 million to move production from China.

    The move comes not only a good public relations move, but also because wages in China are finally inching higher.

    Cook did not reveal what specific line of computers would be made here or where in the U.S. they would be made.

    There was other good news: the nation's unemployment applications fell by a sharp 25,000 last week to a seasonally adjusted 370,000 after a sharp spike caused by Hurricane Sandy.

    Analysts will be keeping close watch on the complete November unemployment numbers that will be released in just about 45 minutes.

    Here in Arkansas, America's Car-Mart Inc. of Bentonville says it plans to open three new auto dealerships by the end of the quarter.

    This, after just opening its 118th dealership, located in Enterprise, Ala.

    Two weeks ago, Car-Mart reported second-quarter net income of $7.3 million, down about 5 percent from the same quarter last year.

    And finally, Tyson Foods Inc. of Springdale and the Centers for Disease Control and Prevention in disagreement over what caused a chlorine gas leak that injured 200 employees a year ago.

    The CDCP reporting yesterday that an employee who doesn't speak English mistakenly poured bleach into a barrel of chemicals causing the leak because he could not read the warning label.

    Tyson claims that the report identifies the wrong employee who caused the leak, and that the worker who did mix the chemicals speaks English as his first language and was able to read the label but didn't.

    Last year's leak at a poultry plant in Springdale hospitalized more than 150 workers.

    (Source: Arkansas Business)

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