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    Arkansas Business: Syria and stocks, iPhone, new jobs in Ark.

    5:55 AM, Sep 11, 2013   |    comments
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    (Photo: Thinkstock)

    Lance Turner with Arkansas Business provided a rundown of Wednesday morning's top headlines:

    Syria's affect on stocks

    Investors on Tuesday were relieved that Syria accepted a proposal to put its chemical weapons under international control for dismantling.
    The possibility that the crisis between the U.S. and Syria might be solved peacefully factored in the stock market's gain on Monday, as well.

    Investors have been closely watching tensions in the Middle East and weighing how the U.S.' possible responses could affect stocks.

    Apple stocks drop

    Shares of Apple ended the day down more than $11, or 2.3 percent, to $494.60.

    This came after some investors were underwhelmed by its new iPhone lineup.

    The company unveiled two new iPhone models on Tuesday -- the iPhone 5C, a colorful, lower-cost model with a plastic casing -- and the iPhone 5S, an improvement on its current model with a souped up camera and a fingerprint scanner.

    Apple will begin offering pre-orders on the devices at the end of the week.

    It also said it would make its new, radically overhauled mobile operating system -- iOS7 -- available a week from today for free.

    New jobs to Fort Smith area

    Thermold Magazines -- which makes ammunition clips for firearms and weapons -- announced Tuesday that it will move its U.S. headquarters to Fort Smith from North Carolina.

    The company is moving to the River Bend Industries building in the western Arkansas city where River Bend will manufacture magazines for Thermold -- and Thermold will handle assembly and distribution.
    Combined, the two companies will add 65 jobs and invest more than $7 million.

    The Arkansas Economic Development Commission said Thermold will receive tax credits and $500,000 from an incentive fund for the project.

    The move adds another company to Fort Smith's portfolio of weapons companies.

    In a similar campus-sharing deal, Walther Arms announced last year that it would move its U.S. operations to Chaffee Crossing in Fort Smith, sharing a campus and business resources with Umarex USA, which expanded its manufacturing operations to include components of both airguns and firearms.

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