You have reached your limit of free articles this month.

Enjoy unlimited access to myStatesman.com

Starting at just 99¢ for 8 weeks.

GREAT REASONS TO SUBSCRIBE TODAY!

  • IN-DEPTH REPORTING
  • INTERACTIVE STORYTELLING
  • NEW TOPICS & COVERAGE
  • ePAPER
X

You have read of premium articles.

Get unlimited access to all of our breaking news, in-depth coverage and bonus content- exclusively for subscribers. Starting at just 99¢ for 8 weeks

X

Welcome to myStatesman.com

This subscriber-only site gives you exclusive access to breaking news, in-depth coverage, exclusive interactives and bonus content.

You can read free articles of your choice a month that are only available on myStatesman.com.

Business Digest: Austin adds flights to Indianapolis, Ft. Walton Beach


AIR TRAVEL

Austin getting nonstops to Indianapolis, Fort Walton Beach

Allegiant Air continues to grow its presence at Austin-Bergstrom International Airport, with plans to add nonstop flights to two more destinations.

The discount carrier said Tuesday it will start service to Indianapolis, Ind., and Destin/Fort Walton Beach, Fla., this year.

The Destin/Fort Walton Beach flights will be seasonal, beginning May 4, while Indianapolis service will be year-round, debuting May 19.

Allegiant currently offers nonstops from Austin to Albuquerque, N.M.; Cincinnati, Ohio; Cleveland; Daytona Beach, Fla.; Las Vegas; Orlando; Memphis, Tenn.; Pittsburgh; and Tampa, Fla.

ECONOMY

Report: Job openings rise, point to wage hikes

WASHINGTON — U.S. employers posted more jobs in November and quitting also increased — signs that job gains and wages may increase in the months ahead.

The number of available jobs rose 1.3 percent in November from the previous month to 5.5 million, the Labor Department said Tuesday. That’s below a post-recession peak of 5.8 million in April. Hiring rose 1.1 percent to 5.2 million.

The number of Americans who quit their jobs increased 1.4 percent to nearly 3.1 million, the second-highest total since the recession. Quits are generally a sign that workers are confident enough to leave their positions for new jobs. Rising quits can also point to higher pay, since most people take new jobs with bigger paychecks.

The figures echo last week’s jobs report, which showed a moderate gain of 156,000 new jobs in December and the biggest annual wage gains in more than seven years.

Last week’s jobs figure is a net gain after layoffs, quits and retirements are subtracted from overall hiring.

FAST FOOD

Chipotle sees late-year sales bounce

Sales at established Chipotle restaurants turned positive last month, potentially sign that the burrito chain may be starting to recover from a food safety scare.

The Denver company said Tuesday that sales at established stores jumped 14.7 percent in December. They fell 1.4 percent in November and fell 20.2 percent in October.

The rebound in the final month of the year eclipsed a disappointing outlook for the entire fourth quarter.

Chipotle expects sales at established restaurants to fall 4.8 percent in the final quarter of the year, which is a more significant deterioration than the 3.8 percent drop analysts expected, according to a survey by FactSet. It expects fourth-quarter earnings between 50 cents and 58 cents per share, far below the 96 cents per share analysts expected. Revenue is expected to be $1.04 billion for the quarter, which is just shy of Wall Street’s projection for $1.05 billion.

The company has given out millions of free burritos, launched a loyalty program and created food safety ads to try and win back customers after a 2015 E. coli outbreak sickened some customers.

SOCIAL MEDIA

Snapchat picks UK for European base

LONDON — The company behind messaging app Snapchat will place its European base in Britain in a vote of confidence in the economy following the vote to leave the European Union.

Los Angeles-based Snap Inc.’s decision runs counter to that of tech giants like Apple and Google, who have chosen lower tax bases like Ireland. It also comes amid public frustration over alleged tax avoidance schemes of multinational corporations.

Snap, which has 75 staff members in Britain, will pay U.K. corporation tax on its international profits.

Claire Valoti, general manager of Snap Group in the U.K., says that the company believes in the U.K.’s creative industries.

Snap has 150 million users a day worldwide and is planning a U.S. stock flotation with a reported valuation of up to $25 billion.



Reader Comments ...


Next Up in Business

Up the Ladder

Banking & finance Chase has named Marcus Kline vice president and Austin-area manager of business banking. Community The Greater Austin Hispanic Chamber of Commerce has named Luis Rodriguez president and chief executive officer. Manufacturing & retail Factory Mattress has named Sarah Johnson chief financial officer. Technology Umbel has named Mike...
Have a great workplace? Let us know

Help us spread the word about the best places to work in Austin. Nominations remain open for the American-Statesman’s 2017 Top Workplaces of Greater Austin project, with the nomination deadline extended until July 7. The project recognizes employers that stand for the best in leadership, vision, an employee-centered culture and other qualities...
If Social Security overpays you, you’re still on the hook

Suppose Social Security makes a mistake in determining your benefits. Guess what? Their mistake becomes your mistake, and they will bill you for any amount they overpaid you, even if they told you the benefits in question were yours to collect. This happened to the husband of a woman who I’ll call Dana to protect her identity. Let me call her...
‘Jenga tower’ starting to make mark on Austin’s skyline
‘Jenga tower’ starting to make mark on Austin’s skyline

This week, some Austinites might have noticed a change on the downtown skyline. Construction has progressed to the point that the Independent — nicknamed the “Jenga tower” — has started taking on elements of its defining look as the 58-story condominium project rises toward its place as the city’s tallest building...
Report: Walmart won’t make rival bid for Whole Foods
Report: Walmart won’t make rival bid for Whole Foods

A week after Amazon unveiled plans to acquire Austin-based Whole Foods Market in a deal valued at $13.7 billion, Walmart has decided it won’t put in a rival bid, according to published reports. The Bentonville, Ark.-based retail giant is one of several companies that had reportedly been looking at trying to match or beat Amazon’s $42-per-share...
More Stories