CNN Money: Top business headlines for Nov. 5

    7:09 AM, Nov 5, 2013   |    comments
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    NEW YORK (CNN) -- CNN Money's Maribel Aber has your top business and financial news on this Tuesday, November 5.

    Arkansas tax revenue up 4.1% in October report
    Arkansas tax collections are up more than 4% for the first four months of the fiscal year, with October sales and use tax collections - associated with consumer spending - in the October report coming in below budget estimates. Year-to-date gross revenue (July 2013-Oct. 2013) totaled $1.958 billion, 4.1% above the same period last year and above forecast by 2.3%, according to the report issued Monday (Nov. 4) by the Arkansas Department of Finance and Administration.

    Nucor objection delays Big River Steel construction
    Nucor Steel is trying to block the opening of a competing $1.1 billion steel mill in Mississippi County in northeast Arkansas by objecting to the new company's requests for environmental permits. Arkansas Economic Development Commission spokesman Joe Holmes said Monday the schedule for starting construction is being pushed back to the first quarter 2014 as a result. Construction was to have started this year.

    Child care more expensive than college in many states
    Child care costs continue to soar, with prices so high in some parts of the country that they exceed tuition at state colleges. Last year, average center-based child care costs rose by nearly 3% nationwide, according to a report from the nonprofit Child Care Aware of America. Full-time care for an infant ranged from a high of $16,430 a year in Massachusetts to $4,863 in Mississippi. Meanwhile, center-based care for a four-year-old hit a high of $12,355 in Massachusetts and a low of $4,312 in Mississippi.

    Kmart to open at 6 a.m. on Thanksgiving Day
    Forget Turkey. This Thanksgiving, you can shop at Kmart for 41 hours straight -- starting at 6 a.m. on Thanksgiving Day until 11 p.m. on Black Friday. It appears to be the earliest opening yet of any retail store for Black Friday shopping. Black Friday, usually the day after Thanksgiving, is considered the unofficial start of the holiday shopping season. On that day, retail stores offer deep discounts to lure in customers.



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