ElectroCraft to shut Searcy motor plant
ElectroCraft Inc. will close its Searcy plant as part of a restructuring plan, The (Searcy) Daily Citizen reported.
ElectroCraft plans to gradually move operations in Searcy to the company's plant in Gallipolis, Ohio, by early 2017, the paper said.
The company has about 46 employees at the Searcy plant, including hourly and salaried, the paper said.
Demand for ElectroCraft's small motors made in Searcy has dropped by more than 60 percent in the past three years, the paper said.
The motors are made for the defense, automotive, refrigeration and agricultural markets.
ElectroCraft is based in Dover, N.H., with facilities in the United States, Europe and Asia.
-- David Smith
Group's video claims abuse at Tyson plant
Mercy For Animals, a California animal-rights group, has released a video that the group says shows abuse and neglect at a Tyson Foods plant in Tennessee.
The video shows workers clubbing birds to death, breaking their necks and throwing them to the ground. Mercy for Animals reuses some footage from previous videos from Tyson's plants, the group said.
"It's disturbing to us to see any sick or injured birds, which is why we have a track record of quickly addressing animal welfare concerns," said Tyson spokesman Worth Sparkman. "Our veterinarians and animal health experts are looking into these claims, which reuse old videos about matters we've already investigated and taken action on. If our investigation into this farm uncovers anything wrong, we will immediately address it."
Tyson organizes third-party animal welfare checks on the farms that feed into the supply chain, the company said.
-- Claire Williams
Index rises by 4.18 with U.S. stock rally
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, gained 4.18 to 320.28 Wednesday.
"U.S. stocks continued to rally on Wednesday led by a jump in crude oil to a seven-month high, helping energy stocks and the overall market surge higher," said John Blackwell, senior vice president and managing director of equity trading at Stephens Inc. in Little Rock.
Total volume for the index was 20.3 million shares.
The index was developed by Bloomberg News and the Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.
Business on 05/26/2016