Business


As oil prices plummet, mounting debt crushing U.S. producers

As oil prices plummet, mounting debt crushing U.S. producers

On the 15th floor of an office tower in the West Texas city of Midland looms a five-foot-long trophy black bear, shot by the son of an executive at Caza Oil & Gas.

Up the Ladder

BiomedicalAsuragen has named Colin Hill senior vice president of commercial operationsFinanceThe Federal Reserve Bank of Dallas’ San Antonio Branch has named Manoj Saxena of Austin as chair of its board of directors.
Top Local Business Stories of the Week

Top Local Business Stories of the Week

WHOLE FOODSWhole Foods’ earnings beat analyst expectations: Aiming for a new narrative in 2016, Austin-based Whole Foods Market beat Wall Street expectations with its fiscal first-quarter earnings report last week.
Austin duo bringing ready-to-drink bloody Mary to stores

Austin duo bringing ready-to-drink bloody Mary to stores

Buddy Jordan is so close he can almost taste it.After several years of working to perfect the recipe for his Bloody Buddy, the Austin bartender is gearing up to put the ready-to-drink bloody Mary on store shelves.
AT&T to test 5G wireless service in Austin area

AT&T to test 5G wireless service in Austin area

AT&T; is looking to make its cellular network more powerful than ever – and the Texas-based telecommunications giant has picked Austin as its first test site.
Could new Whole Foods’ 365 chain include tattoo parlors?

Could new Whole Foods’ 365 chain include tattoo parlors?

As it tries to appeal to younger shoppers, Austin-based Whole Foods Market says it’s willing to try some nontraditional tactics — such as including “record stores” and “tattoo parlors” in its new 365 by Whole Foods Market line of stores.
Could new Whole Foods’ 365 chain include tattoo parlors?

Could new Whole Foods’ 365 chain include tattoo parlors?

As it tries to appeal to younger shoppers, Austin-based Whole Foods Market says it’s willing to try some nontraditional tactics — such as including “record stores” and “tattoo parlors” in its new 365 by Whole Foods Market line of stores.
Whole Foods beats analyst expectations, shares rise

Whole Foods beats analyst expectations, shares rise

Aiming for a new narrative in 2016, Austin-based Whole Foods Market beat Wall Street expectations with its fiscal first-quarter earnings report on Wednesday, boosting the retailer’s stock in after-hours trading.

Patterson: Texas public employee pensions remain healthy

On the occasion of the Texas Pension Review Board meeting this week with its new chairman, Josh McGee, a review of the health of state and local pension funds for public employees is in order.
Why Silicon Valley keeps stumbling on health care

Why Silicon Valley keeps stumbling on health care

Zenefits was reportedly one of the fastest-growing companies in Silicon Valley, a region famous for giving birth to companies that undergo tremendous growth spurts.
Chamber unveils campaign to recruit tech workers

Chamber unveils campaign to recruit tech workers

We’ve all groaned at the statistics: Dozens of new people move into Austin every day. But even with a flood of newcomers, Austin tech companies say they are having trouble recruiting and retaining workers for some highly-skilled positions.

EZCorp shares fall on earnings miss

Austin-based payday lending and pawnshop chain EZCorp Inc. saw its stock fall more than 10 percent Tuesday after it missed on Wall Street earnings estimates for its fiscal first quarter.

Business Digest: SXSW adds Abrams, Davis to speakers list

ENTERTAINMENT SXSW adds Abrams, Davis to speakers list South by Southwest officials said Monday that they have added about two dozen featured speaker presenters for the March festival, including the family behind Atari and Chuck-E-Cheese, the director of “Star Wars: The Force Awakens,” and an Oscar-winning actress.
Wanted: Ideas for redeveloping American-Statesman site

Wanted: Ideas for redeveloping American-Statesman site

The Austin American-Statesman’s site is in play for redevelopment. The Cox family, which owns the land and building housing the newspaper’s operations, announced Monday that it wants to hear ideas from qualified developers about how they would transform the prime 18.
Austin airport breaks passenger record in 2015

Austin airport breaks passenger record in 2015

Austin-Bergstrom International Airport shattered its all-time passenger record in 2015.The airport said Monday it saw nearly 12 million passengers last year, an 11 percent jump from 2014, when ABIA set its previous record with 10.
Ownership group seeks developers’ proposals for Statesman property

Ownership group seeks developers’ proposals for Statesman property

In the first formal step toward redeveloping its prime Austin waterfront site, the family that owns the Austin American-Statesman land announced Monday that it wants to hear ideas from qualified developers who would be interested in transforming the 18.
Cortez: We made mistakes, but Pilot Knob deal is still good for Austin

Cortez: We made mistakes, but Pilot Knob deal is still good for Austin

For those of us who have taken big, expensive steps in life, such as having a child or taking out a loan to buy a home or go to college, the dizzying shock of uncertainty as you ask yourself what you got yourself into is all too familiar.

Are ‘connected’ toys a cybersecurity risk?

Your smartphone or tablet is most likely pretty secure — not perfect, maybe, but generally unlikely to be hacked or to store, say, your email where other people could read it.
Microsoft goes underwater for data center solution

Microsoft goes underwater for data center solution

Microsoft has tested a prototype of a self-contained data center that can operate hundreds of feet below the surface of the ocean, eliminating one of the technology industry’s most expensive problems: the air conditioning bill.
Google Fiber’s Austin rollout trudges onward

Google Fiber’s Austin rollout trudges onward

Some people already have it. Many more say they want it.But for most Austinites, it could still be years before they get access to superfast 1-gigabit Internet service from Google Fiber.

Up the Ladder

BiomedicalMirna Therapeutics has named Peter Greenleaf to its board of directors.Industry associationsTexas Advanced Energy Business Alliance has named Suzanne Bertin executive director.
Book explores the shadows over Austin’s development

Book explores the shadows over Austin’s development

Austin’s business and real-estate community don’t hold an unusually strong influence on the region’s evolution, according to the author of a new book on the city’s development.

Uber drivers and others in the Gig economy take a stand

Last September, Dallas-area drivers for UberBlack, the company's high-end car service, received an email informing them that they would be expected to start picking up passengers on UberX, its low-cost option.

New owners for Westlake-area shopping center

A Westlake-area shopping center has changed hands.Velocis said this week that it has sold the West Woods Shopping Center, at 3201 Bee Cave Road, to Global Retail Investors LLC.

Boss, my dead lizard made me late

Would you use your dead lizard as an excuse for being late for work? A new survey from Chicago-based CareerBuilder shows that one in four workers come in late to work at least once a month, and 13 percent say it’s a weekly occurrence.
Report: Most cities not planning for autonomous vehicles

Report: Most cities not planning for autonomous vehicles

With technologists racing to get autonomous-driven vehicles on the road in 10 years or less, America’s urban planners need to resolve a host of questions about how cities will respond to the future of transportation.

Obama proposes new rule to examine gender pay inequity

President Obama proposed a new rule Friday that would require every large company in the United States to report employees' pay based on race and gender, an effort to reduce long-standing inequities for women and minorities.

Top Local Business Stories of the Week

DEVELOPMENT PLANPrime downtown Austin hospital site poised for redevelopment: It will be up to developers to shape the future of the six blocks where University Medical Center Brackenridge sits into what could become one of downtown Austin’s largest mixed-use projects.

Up the Ladder

ConsultingHrQ Inc. has named Anna Clepper vice president and managing director for the Austin and Central Texas market.

Business Digest: Caterpillar closing 5 plants, cutting 670 jobs

MANUFACTURING Caterpillar closing 5 plants, cutting 670 jobs Caterpillar says it plans to close five plants, causing a net reduction of about 670 jobs in Illinois and several other states, as part of a broader cost-cutting campaign announced last year.

National Instruments’ profit slides in 4th quarter

Austin-based software and hardware developer National Instruments saw its profit decline 26 percent in the fourth quarter, in part due to currency exchange rates and a strong U.
Lance Armstrong lists Austin home for sale

Lance Armstrong lists Austin home for sale

Former cycling champion Lance Armstrong has listed his house in West Austin for sale, asking $8.25 million for the 8,000-square-foot property he bought in 2013.
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