Business


Austin alcohol sales jump 9 percent in October; COTA ranks No. 1

Austin alcohol sales jump 9 percent in October; COTA ranks No. 1

Austin’s Circuit of the Americas had the highest bar tabs in all of Texas in October, according to an American-Statesman analysis of state data.
Top Local Business Stories of the Week

Top Local Business Stories of the Week

RANCH SALEAustin billionaire DeJoria lets go of Dripping Springs ranch: Austin billionaire John Paul DeJoria, of Patrón tequila and John Paul Mitchell Systems hair-care products fame, has sold his 96-acre ranch in Dripping Springs west of Austin.

New, smaller Target to open near UT campus

In what’s being called a “gamechanger” for the Drag near the University of Texas campus, Target confirmed Thursday that it will open a smaller version of its department store next to the campus next year.

Business Digest: NW Austin office property changes hands

REAL ESTATENW Austin office property changes handsLong View Equity, an Austin-based real estate investment firm, said it has acquired the Houston Building, a 34,432-square-foot office property in Northwest Austin.
Pedernales Co-op weighing fate of director after comments

Pedernales Co-op weighing fate of director after comments

Pedernales Electric Cooperative officials say they are weighing what to do about a co-op board member who has been accused of making violent and racist comments on social media.

Business Digest: Ride-hailing service shutting down

TECHNOLOGYRide-hailing service shutting downCentral Texas ride-hailing service ScoopMe plans to shut down Wednesday, according to a message posted on the company’s Facebook page.

Business Digest: Ride-hailing service shutting down

TECHNOLOGYRide-hailing service shutting downCentral Texas ride-hailing service ScoopMe plans to shut down Wednesday, according to a message posted on the company’s Facebook page.
Growth picks up for Texas service sector

Growth picks up for Texas service sector

Texas saw its service sector activity expand again in November and at a faster pace than a month earlier, according to a report Tuesday from the Federal Reserve Bank of Dallas.
Austin billionaire DeJoria sells Dripping Springs ranch

Austin billionaire DeJoria sells Dripping Springs ranch

Austin billionaire John Paul DeJoria, of Patrón tequila and John Paul Mitchell Systems hair-care products fame, has sold his 96-acre ranch in Dripping Springs west of Austin.
After raising millions, Austin's TurnKey Vacation Rentals is in expansion mode

After raising millions, Austin's TurnKey Vacation Rentals is in expansion mode

Eight months after raising $10 million, Austin's TurnKey Vacation Rentals is in expansion mode. The startup, which manages short-term vacation rentals for property owners, is breaking into new markets, adding new listings and recently moved into a larger headquarters to accommodate its growing workforce.
We've reached a turning point for Facebook -- and its users

We've reached a turning point for Facebook -- and its users

At one time in the past, maybe before Nov. 8, Facebook felt pretty familiar and comfortable. It wasn’t always perfect: I’ve complained over the years about its quirks, its tendency toward creating an echo chamber where you only see what you want to see, and its massive privacy failings.
A turning point for Facebook -- and its users

A turning point for Facebook -- and its users

At one time in the past, maybe before Nov. 8, Facebook felt pretty familiar and comfortable. It wasn’t always perfect: I’ve complained over the years about its quirks, its tendency toward creating an echo chamber where you only see what you want to see, and its massive privacy failings.
Texas factories continue rebound in November

Texas factories continue rebound in November

Activity at Texas factories continued to bounce back in November, posting a fifth straight month of production gains, according to a report Monday from the Federal Reserve Bank of Dallas.
New TV tech promises better picture for average consumers

New TV tech promises better picture for average consumers

If all you want for Christmas is a TV whose picture hops off the screen, this could be your year. Televisions that promise a significantly improved picture will be available this holiday season at mainstream prices for the first time.
Job market mystery: Where are the men?

Job market mystery: Where are the men?

As the recovery from the recession continues, job growth has improved and the labor force is growing because more unemployed workers are coming off the sidelines.

The lessons of a simple investment strategy

Please give a nod of thanks to Aye Soe and Ryan Poirier. These two, both researchers at Standard and Poor’s, have been working tirelessly to produce an important but utterly thankless bit of research with monotonous, unchanging results.

Up the Ladder

Financial servicesCitizens Inc. has named Geoff Kolander chief executive officer.Broadway Bank has named Ryan Hutson vice president, regional credit officer for Austin.
Top Local Business Stories of the Week

Top Local Business Stories of the Week

IMAX IS BACKBullock museum’s IMAX theater reopens after $1.5M in upgrades: The IMAX theater at Austin’s Bullock Texas State Museum is up and running again after getting $1.

Business Digest: Self-driving truck hits road in Ohio

TRANSPORTATIONSelf-driving truck hits road in OhioA self-driving truck will begin traveling on two Ohio roads next week after state officials announce details of new investments to support innovative transportation technology.
Suitsupply aims to make waves in Austin market

Suitsupply aims to make waves in Austin market

Add Suitsupply to the list of trendy retailers that now call Austin home.The menswear chain, which got its start in Amsterdam in 2000, has set up shop at Domain Northside, Endeavor Real Estate Group’s new mixed-use project in North Austin.
SXSW headquarters plans move to new 12-story Austin office tower

SXSW headquarters plans move to new 12-story Austin office tower

South by Southwest is in line to get some new digs.An entity connected to the festival organizer is proposing a 12-story office tower in downtown Austin that would be valued at $41 million, according to filings with the city of Austin and the state.

Seton laying off 129 Austin-area workers

The Seton Healthcare Family is laying off more than 125 workers in Central Texas, according to a letter the health care provider sent to the Texas Workforce Commission.

Business Digest: Instagram launches disappearing live video

SOCIAL MEDIAInstagram launches disappearing live videoLive video is coming to Instagram.The Facebook-owned photo-sharing app is adding the ability to broadcast live videostreams as part of its Stories feature.
Dirty linen: A bed sheets scandal is roiling the cotton industry

Dirty linen: A bed sheets scandal is roiling the cotton industry

Huddled inside Target Corp.'s headquarters in downtown Minneapolis, a team of investigators spent the summer trying to answer what should have been a simple question: What were hundreds of thousands of the retailer's sheets actually made of?
Top Local Business Stories of the Week

Top Local Business Stories of the Week

WOMEN IN TECHAt Texas Conference for Women, an emphasis on the tech sector: When consulting and tech services firm Accenture decided to make a concerted effort to recruit and retain more women, one key decision made all the difference: The company extended its maternity leave to four months.

The huge importance of investment returns

What we earn on our savings is really important.Yes, I bet you knew that. But you might not know just how hugely important returns will be over your lifetime of accumulating and spending.

Up the Ladder

Financial servicesCitizens Inc. has named Geoff Kolander chief executive officer.NonprofitsThe Texas-Israel Chamber of Commerce has named Toba Hellerstein president and chief executive officer.

Business Digest:

MEDIAAll Christmas, all the time on 2 Austin radio stationsForget about Thanksgiving; Majic 95.5 is already celebrating Christmas.
Texas to get $50 million as part of VW settlement

Texas to get $50 million as part of VW settlement

Volkswagen will pay Texas $50 million as part of a settlement over the German automaker’s emissions scandal, Texas Attorney General Ken Paxton’s office said Friday.
Fairmont Austin hits pinnacle of construction

Fairmont Austin hits pinnacle of construction

The $370 million Fairmont Austin on downtown’s eastern edge reached its tallest point of construction on Friday, a milestone for what will be the city’s largest hotel .
Yeti plans flagship store on South Congress

Yeti plans flagship store on South Congress

Austin-based Yeti Coolers is finally shedding some light on one of South Austin’s worst-kept secrets: The popular brand’s first flagship store will debut on South Congress Avenue next year.
How Austin's XBiotech aims to revolutionize drug discovery

How Austin's XBiotech aims to revolutionize drug discovery

This could be the year for XBiotech. Or not. The Austin-based drugmaker is poised to learn as soon as next month whether European regulatory officials will allow its lead cancer drug to be sold commercially.
Austin-area home sales decline in October

Austin-area home sales decline in October

Home sales across Central Texas were down in October from the same month last year, new figures show, but the median sales price was up and local real estate agents say the market remains strong despite some cooling.
Central Texas home sales decline in October

Central Texas home sales decline in October

Home sales across Central Texas were down in October from the same month last year, new figures show, but the median sales price was up and local real estate agents say the market remains strong despite some cooling.
Upland Software adds $90 million to continue its buying spree

Upland Software adds $90 million to continue its buying spree

Upland Software is gearing up for another buying spree. The fast-growing Austin-based company said Wednesday that it has secured $90 million in financing that will allow it to continue its strategy of acquiring more companies.
At Texas Conference for Women, an emphasis on working in tech

At Texas Conference for Women, an emphasis on working in tech

When consulting and tech services firm Accenture decided to make a concerted effort to recruit and retain more women, one key decision made all the difference: The company extended its maternity leave to four months.

Business Digest: Four area malls to be open on Thanksgiving

RETAILFour area malls to be open on ThanksgivingWhile a number of retailers – both local and national – have opted to stay closed this Thanksgiving, several of the largest shopping centers in Central Texas are bucking that trend.
Austin firm giving home designs a 3-D life

Austin firm giving home designs a 3-D life

Justin Quick is fast with "SketchUp," a 3-D drawing program. Really, really fast. In about four minutes, he can take a flat architectural design for a home and make a first draft of a 3-D shape, tracing the floor plans and raising walls out of lines.

When it comes to cars, buying beats leasing

I lease my car rather than buy. Every three years I get a new vehicle. Depending on how much I put down and the condition of the old vehicle, that determines my lease price.

Taxes? Trade? How Trump could affect key areas of economy

Donald Trump won the presidency by pledging to restore a vanished and golden economic era, when growth roared, factory jobs flourished and America sat unchallenged atop the global economy.

Food prices are falling— but restaurant bills aren’t

Food prices are falling, so why isn’t the price of your favorite restaurant meal?Restaurants are raising prices after years of stagnant growth, citing swelling labor costs that are offsetting the benefits of lower food prices.
Top Local Business Stories of the Week

Top Local Business Stories of the Week

CACTUS ROSE DEALDeveloper, Austin mobile home park residents reach agreement on relocation: Residents of the Cactus Rose mobile-home park in East Austin have reached an agreement for relocation assistance with Oden Hughes, a developer that wants to build an upscale apartment complex on the site that would displace the remaining tenants.
Austin entrepreneurs make waves in cocktail market

Austin entrepreneurs make waves in cocktail market

Ready-to-drink cocktails haven’t always had the best reputation. For decades, they were tucked away in a dark corner of most liquor stores, with few shoppers brave enough to take the plunge.

Up the Ladder

BankingThe Independent Bankers Association of Texas has named Christopher Williston executive vice president-administration and Julie Courtney president of the Independent Bankers Association of Texas’ Education Foundation.

Grubhub faces backlash after CEO’s anti-Trump email

The co-founder of food delivery service Grubhub is under fire after he sent an email to all his employees suggesting that supporters of President-elect Donald Trump should resign, then backtracked and said he welcomes all employees, regardless of their political beliefs.
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