CNN Money's Maribel Aber has your top business and financial news on this Thursday, April 10.
NEW YORK, NY (CNN) - CNN Money's Maribel Aber has your top business and financial news on this Thursday, April 10.
Rockline Industries announced Wednesday that it has acquired a 240,000-SF facility on 30 acres in Russellville. Rockline manufactures consumer products including baby wipes, coffee and baking cups. It operates a pair of wet wipe manufacturing plants in Springdale and Booneville. It announced the Booneville plant in 2007. A news release said the Russellville acquisition would meet the company's "growing needs of contract manufacturing and for the consumer demand of private label products."
As more and more Americans find jobs, it's having a chilling effect on potential new entrepreneurs, according to a new industry report. The U.S. economy added 192,000 jobs last month -- finally recouping all the private sector jobs lost during the 2008 financial crisis. But as the labor market keeps growing, there's also less pressure to start a business out of necessity, said EJ Reedy, director with the Kauffman Foundation. Last year, 476,000 new businesses were created each month, mostly in the construction and services industries, according to the Kauffman Index of entrepreneurial activity.
Security researchers have uncovered a fatal flaw in a key safety feature for surfing the Web -- the one that keeps your email, banking, shopping, passwords and communications private.Here's what you need to know. What is it? It's called the Heartbleed bug, and it is essentially an information leak. It starts with a hole in the software that the vast majority of websites on the Internet use to turn your personal information into strings of random numbers and letters. If you see a padlock image in the address bar, there's a good chance that site is using the encryption software that was impacted by the Heartbleed bug.
Bottoms up! Constellation is cashing in on America's love affair with Corona. Shares of Constellation Brands (STZ) opened sharply higher Wednesday after the beer and wine company reported strong quarterly results, although the stock has now fallen back. The buzz kill came after Constellation executives said on a conference call with analysts that the cost of expanding a brewery in Mexico would be much higher than previously expected. The company raised its estimate for the cost of upgrading its Nava brewery to a range between $900 million and $1.1 billion, up from the previous estimate of between $500 million to $600 million. So far, Constellation has spent about $140 million on the brewery. Robert Ryder, Constellation's chief financial officer, tried to put a positive spin on the news.