Apple is expected to hold an event to introduce its new iPhone6 on Sept. 9, 2014. Industry reports expect Apple to launch two large-screen iPhones, one with a 4.7” display & another with a 5.5” display. Apple reportedly is asking suppliers to manufacture between 70 million and 80 million units combined of the new iPhones – which are larger than the current models with a display measuring 4-inches diagonally. The new Apple iPhones will feature sapphire display screens, with synthetic sapphire being designed to replicate the properties of one of the hardest minerals on earth. Sapphire doesn’t crack or scratch as easily as glass, and it also withstands high temperatures and resists chemical corrosion. It’s not an inexpensive option for Apple — the company is placing a $700 million bet with a new manufacturing plant in Arizona to use it in the new screens.
Flower Mound will soon welcome the top distributor and marketer of aftermarket automotive equipment and accessories in North America to the Lakeside Business District. Keystone Automotive recently leased more than 231,000 square-feet of space for its new flagship distribution and operations facility, which will also create 100 new jobs. The new facility will incorporate a large conference and training room into its design, which will seat more than 130 people. Keystone expects to move in October 1.
The Bureau of Labor Statistics reports that the July unemployment rate for ages 16 to 24 was 13.6%, the best in 6 years. In June 2009, the unemployment rate for young adults reached a high of 18% and last year’s July rate was 15.5%.
U.S. factory output rose for the sixth consecutive month in July, led by a jump in the production of motor vehicles, furniture, electronics, and metals. Manufacturing production rose 1% in July compared with the prior month, the Federal Reserve reported. Over the past 12 months, manufacturing has risen 4.9%. Demand for autos surged 10.1% last month, the largest increase since July 2009. An 8.4% jump in demand for commercial aircraft also drove part of the gain. Rising factory output should be a positive sign for future economic expansion and job growth.
Centurion American, one of the state’s largest and most successful residential developers, is buying 160 acres on Coit Road just north of Campbell Road from Texas A&M University. It plans a neighborhood with 720 single-family homes and 180 townhouses, according to filings with the city of Dallas. This is one of the largest vacant tracks remaining in north Dallas.
CVE Technology Group, Inc., considered among the fastest growing high-tech after-market service providers for cellular handsets and consumer electronics, has relocated its headquarters from Riverdale, N.J., to Enterprise Business Park in Allen, Texas. According to CVE officials, there are currently about 300 employees at this location and the company is averaging 20 new hires weekly in response to new and expanded contracts with cell phone carriers. At the Allen location, CVE expects to employ 600 by the end of this year, and 1,200 by the end of 2015, making it the city’s largest employer, ahead of Experian Information Solutions Inc. and Frontier Communications Corp.
Denton County’s first Whole Foods Market opens Sept. 10 at The Shops at Highland Village. As the 10th location in the Dallas-Fort Worth area, the 38,000-square-foot Whole Foods Market becomes one of more than 380 locations throughout the United Kingdom, Canada and 41 states in the U.S.