Business


US economy showing signs of life after slow start to year

US economy showing signs of life after slow start to year

The U.S. economy is showing signs of more life after a less-than-stellar start to the year. The government said Friday that first-quarter growth, while disappointing, wasn't as bad as first thought.
Austin's tech scene heats up downtown

Austin's tech scene heats up downtown

Next year, Google will move into gleaming new 29-story glass office tower taking shape on the western edge of Austin’s downtown skyline.
Another startup jumps into Austin’s ride-hailing fray

Another startup jumps into Austin’s ride-hailing fray

Another company is jumping into Austin’s ride-hailing fray.Boston-based startup Fasten, which has held a series of local recruiting events recently, says it has received the necessary city approvals and plans to begin offering service in Austin on Wednesday.
Consumer groups oppose insurance company’s push for arbitration

Consumer groups oppose insurance company’s push for arbitration

Government and private sector consumer advocates are calling on a state regulator to reject a proposal by Texas Farm Bureau’s insurance division to allow the company to require customers to go to arbitration over policy disputes.
STATESMAN EXCLUSIVE: H-E-B buys Twin Oaks center at Oltorf, Congress

STATESMAN EXCLUSIVE: H-E-B buys Twin Oaks center at Oltorf, Congress

In a significant South Austin real estate deal, grocery chain H-E-B has purchased the Twin Oaks Shopping Center, a decades-old, 10-acre property at South Congress Avenue and Oltorf Street — catty-corner across Congress from one of H-E-B’s oldest and most popular Austin stores.
STATESMAN EXCLUSIVE: H-E-B buys Twin Oaks center at Oltorf, Congress

STATESMAN EXCLUSIVE: H-E-B buys Twin Oaks center at Oltorf, Congress

In a significant South Austin real estate deal, grocery chain H-E-B has purchased the Twin Oaks Shopping Center, a decades-old, 10-acre property at South Congress Avenue and Oltorf Street — catty-corner across Congress from one of H-E-B’s oldest and most popular Austin stores.
Whole Foods’ first 365 store debuts in California

Whole Foods’ first 365 store debuts in California

Whole Foods Market Inc.’s first smaller format store — 365 by Whole Foods Market — made its debut on Wednesday in the Los Angeles suburb of Silver Lake, drawing crowds to check out Whole Foods new, lower-priced brand of stores.
Bouncing to digital: Springfree adds app to trampoline experience

Bouncing to digital: Springfree adds app to trampoline experience

Jumping with an app, it turns out, is a lot more work than just using an app. This was the lesson I learned when, sweaty and out of breath, I collected myself on the  surface of a Springfree Trampoline for a tech demo that sounded a lot more fun before I got winded.
Commentary: Business is a four letter word — jobs

Commentary: Business is a four letter word — jobs

Why is it that almost every politician runs on a platform that includes creating jobs for the middle class, yet those who actually create the jobs, including in Austin, are at times demonized?
'Uncharted 4' sold almost 3 million copies in a week

'Uncharted 4' sold almost 3 million copies in a week

It's a sum Nathan Drake would be proud of. In a new blog , Sony's Asad Qizilbash broke the news that the platform's latest title, "Uncharted 4: A Thief's End," sold more than 2.
New options proposed for move of Cactus Rose residents

New options proposed for move of Cactus Rose residents

Two new options are being pitched to help more than 50 households at the Cactus Rose Mobile Home Park in East Austin’s Montopolis area that could be displaced by a proposed apartment development.

Business Digest: U.S. markets mostly quiet as investors wait for Fed

WALL STREETU.S. markets mostly quiet as investors wait for FedNEW YORK — Stocks ended a quiet day slightly lower on Monday as investors sat on the sidelines waiting for more clues about whether the Federal Reserve might raise interest rates next month.
Kingsisle lays off 72 in Austin in wake of cancelled mobile games

Kingsisle lays off 72 in Austin in wake of cancelled mobile games

Kingsisle Entertainment Inc., the video-game developer behind family friendly online games such as "Wizard101" and "Pirate101," has laid off 72 Austin employees, according to a notice filed with the Texas Workforce Commission dated May 18.
Commentary: Gifting grads with financial literacy

Commentary: Gifting grads with financial literacy

This month and next, nearly 2 million graduating college students across the country will be clutching their degrees and entering the workforce.
Kingsisle lays off 72 in Austin in wake of cancelled mobile games

Kingsisle lays off 72 in Austin in wake of cancelled mobile games

Kingsisle Entertainment Inc., the video-game developer behind family friendly online games such as "Wizard101" and "Pirate101," has laid off 72 Austin employees, according to a notice filed with the Texas Workforce Commission dated May 18.
Commentary: Gifting grads with financial literacy

Commentary: Gifting grads with financial literacy

This month and next, nearly 2 million graduating college students across the country will be clutching their degrees and entering the workforce.
Apple shifts from genius bars to genius groves

Apple shifts from genius bars to genius groves

Goodbye, Apple Genius Bar. You are being replaced by a tree-filled Genius Grove, which will have more room to sit and more Apple customer service specialists to troubleshoot devices.

Up the Ladder

Health careRxWiki has named Azim Nagree senior vice president.NonprofitsTexas Baptist Children’s Home has named Peyton Smith to its board of trustees.
Top Local Business Stories of the Week

Top Local Business Stories of the Week

WHOLE FOODS CASEAccuser recants, admits Whole Foods did not put anti-gay slur on cake: The Austin man who accused Whole Foods Market of writing a homophobic slur on a cake reversed course last week and admitted he made a false claim.
UT report: Rising costs, school woes push blacks to leave Austin

UT report: Rising costs, school woes push blacks to leave Austin

Sheldon Lamey spent most of his life in Austin. His wife, Latosha, grew up in the city, too. But when they started looking for a house to buy eight years ago, they found themselves priced out of their hometown — even though both of them worked and, together, brought in a six-figure income.
New ride-hailing app coming to Austin, promises 700 drivers

New ride-hailing app coming to Austin, promises 700 drivers

A new-to-Austin ride-hailing app is poised to receive conditional operating authority from the city of Austin as soon as this weekend, clearing the way for as many as 700 drivers to hit the streets, the company says.
Google Fiber re-opens Austin signups, expands service plans

Google Fiber re-opens Austin signups, expands service plans

Google Fiber is re-opening its neighborhood signup programs in some pockets of Austin where it already offers its high-speed Internet service and rolling out cheaper data plans that will run at slower speeds, the company said Thursday.
Austin home sales rise 5.1 percent in April

Austin home sales rise 5.1 percent in April

The Austin five-county area saw a 5.1 percent increase in home sales in April, with the median sales price of those homes rising to $288,198, the Austin Board of Realtors said Thursday.
Inside NXP's sprawling tech lab

Inside NXP's sprawling tech lab

A big part of NXP Semiconductor's annual conference in Austin is their "tech lab." NXP is a European chipmaker that bought Austin-based Freescale Semiconductors last year in a nearly $12-billion deal.

Business Digest:

TECHNOLOGYStartup Besomebody moving HQ from Austin to BostonAustin startup Besomebody is relocating its headquarters to Boston, founder Kash Shaikh said on Snapchat and in a Facebook live video on Wednesday.

Business Digest: Austin Game Conference names keynote speaker

VIDEO GAMINGAustin Game Conference names keynote speakerThe Austin Game Conference, returning to Austin in September, has announced its first speaker: Graeme Devine, chief creative officer at Magic Leap, will talk about mixed reality as the event’s opening keynote speaker.
NXP CEO hints that more layoffs still to come in Austin

NXP CEO hints that more layoffs still to come in Austin

NXP Semiconductors CEO Rick Clemmer is in Austin this week for a weeklong tech conference dubbed "NXP FTF," with the FTF part being a nod to what the conference used to be called: "Freescale Technology Forum.

Commentary: Limits on arbitration clauses are step in right direction

Arbitration clauses — those long clauses in microscopic type that require contracting parties to “arbitrate” any disputes instead of suing in court — are everywhere nowadays, from your credit card to your cellphone company, and maybe even your employer.
Austin provides a welcome home for tech

Austin provides a welcome home for tech

Since the early 80’s when the Microelectronics & Computer Technology Corp., or MCC Consortium, chose to locate here, Austin has been a welcoming city for innovators and early adopters.
Austin provides a welcome home for tech

Austin provides a welcome home for tech

Since the early 80’s when the Microelectronics & Computer Technology Corp., or MCC Consortium, chose to locate here, Austin has been a welcoming city for innovators and early adopters.

Business Digest: Report: Amazon to expand store-brand offerings

RETAIL Report says Amazon to expand its store-brand offerings NEW YORK — Amazon is planning to expand the store-brand items it sells to new categories including food and household products, according to a report by The Wall Street Journal.

Dell reports lower revenue but smaller operating losses

Dell Inc.’s revenue in its first quarter was $13.2 billion, a 2 percent decline from the same period a year ago, according to preliminary figures released by the company late Friday.
Greg Abbott to President Obama: No dice on lifting Iran sanctions

Greg Abbott to President Obama: No dice on lifting Iran sanctions

In a letter to President Barack Obama, Gov. Greg Abbott on Monday rejected calls to lift state sanctions against Iran, instead insisting that Texas will put additional restrictions on investing and doing business in the Middle Eastern country.

Are you financially smarter than a sixth-grader?

Remember the hit book, “All I Really Need to Know I Learned in Kindergarten”? Well, I met some sixth-graders who could write “All I Really Need to Know About Money I Learned in Sixth Grade.
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