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Bass Pro transfers 120 Cabela's jobs

SIDNEY, Neb. -- Bass Pro Shops says nearly 120 jobs at its Cabela's operation in Sidney will be relocated to Bass Pro Shops' headquarters in Springfield, Mo.

The company announced Wednesday that employees who choose not to move to Springfield will be offered severance and outplacement aid.

Company spokesman Jack Wlezien said the relocation is "consistent with the company's long-term commitment to efficiently provide the highest level of service."

It's not clear how many jobs will remain in Sidney. A news release from Wlezien on Thursday didn't address the issue, and he didn't immediately answer questions.

Cabela's once employed around 2,000 people in Sidney before it was bought by Bass Pro Shops. The deal was completed in September 2017.

-- The Associated Press

Toyota profit rises 1% as sales climb

Toyota 2Q profit up 1% on healthy global sales

TOKYO -- Japan's top automaker, Toyota, said Thursday that its net profit edged 1% higher in July-September as vehicle sales grew around the world.

Toyota Motor Corp.'s profit for the second fiscal quarter totaled $5.4 billion, up from $5.3 billion last year.

Toyota, which makes the Prius hybrid, Corolla subcompact and Lexus luxury models, stuck to its net profit forecast for the fiscal year through March 2020, at $20 billion.

That would be an improvement over the $16 billion earned in the year ended in March.

Vehicle sales for the latest quarter grew both in Japan and overseas, including in the U.S., the rest of Asia and Europe.

Quarterly sales rose 4% to $70 billion, compared with the previous year.

Toyota said it expects to sell 10.7 million vehicles globally for the fiscal year through March 2020, up from 10.6 million vehicles the previous fiscal year.

Like most Japanese exporters, Toyota has been hurt by a strengthening yen. But the results show Toyota is holding up despite such negatives.

Toyota officials have stressed the company is focused on becoming a "mobility company" for a future when consumers may opt for new ways of car ownership like car-sharing or choosing to buy electric vehicles.

-- The Associated Press

Arkansas Index up, ends day at 465.57

The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, closed Thursday at 465.57, up 2.08.

"Sentiment in the equities market continues to be driven by reports of progress in U.S.-Chinese tariff negotiations with stocks surging early in the session, but the rally faded later on reports that the United States was reluctant to remove the tariffs," said Leon Lants, managing director at Stephens Inc. in Little Rock.

The index was developed by Bloomberg News and the Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.

Business on 11/08/2019

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