Business


Texas factories rebound; August output rises

Texas factories rebound; August output rises

Production at Texas factories bounced back in August, showing an increase in activity for the first time since April, according to a report Monday from the Federal Reserve Bank of Dallas.
Court sides with Trader Joe’s in suit over alleged knockoff

Court sides with Trader Joe’s in suit over alleged knockoff

A U.S. court has the authority to hear a trademark lawsuit by grocery chain Trader Joe’s against a man who purchased the company’s products and resold them in Canada at “Pirate Joe’s,” a store designed to mimic a real Trader Joe’s, a federal appeals court ruled Friday.
Pokemon doughnuts, exercise classes tap game’s popularity

Pokemon doughnuts, exercise classes tap game’s popularity

Weeks into the “Pokemon Go” craze, demand remains strong for “Poke Ball”-shaped treats made by a high-end doughnut company, one of many businesses and organizations coming up with creative ways to lure players in their search for the elusive “pocket monsters.
Should you charge your phone overnight?

Should you charge your phone overnight?

Chances are, you plug in your phone before you go to bed at night, thinking it’s best to greet the morning with a fully charged device.
Business advocate Hammond leaves legacy of ‘policy ahead of politics’

Business advocate Hammond leaves legacy of ‘policy ahead of politics’

As a former Texas House member and as head of the state’s most prominent business lobby for nearly 19 years, the Texas Association of Business’ outgoing CEO Bill Hammond has been the mouthpiece for industry and has shepherded legislation through the system to make Texas attractive to businesses.
A dream realized

A dream realized

The announcement of the proposed new International Entrepreneur Rule from U.S. Citizenship and Immigration Services (USCIS) makes me, once again, proud to be an American.
A dream realized

A dream realized

The announcement of the proposed new International Entrepreneur Rule from U.S. Citizenship and Immigration Services (USCIS) makes me, once again, proud to be an American.
Stocks end mostly lower after Yellen speech

Stocks end mostly lower after Yellen speech

NEW YORK — Stocks ended mostly lower on Friday after Federal Reserve officials said the case has strengthened for raising interest rates above the super-low levels that have helped fuel a seven-year bull market.
Austin alcohol sales jump 5 percent in July

Austin alcohol sales jump 5 percent in July

Alcohol sales at Austin bars, hotels and restaurants jumped 5 percent in July, according to new data from the state comptroller’s office.
Texas brewers win fight over distribution rights law

Texas brewers win fight over distribution rights law

If the legislative changes in 2013 that favored Texas’ craft beer industry felt good for brewers, then a court ruling Thursday in Travis County on one of those laws must have felt pretty sweet, too.
Goodnight project breaks ground in Southeast Austin

Goodnight project breaks ground in Southeast Austin

Just over a decade after it was first slated to start, construction has begun in Southeast Austin on a master-planned community that is being billed as one of Central Texas’ most dense mixed-use projects since new development transformed the city’s former 700-acre Mueller airport site.

GSD&M, McConaughey team up to help Louisiana flood victims

Workers for Austin-based GSD&M has teamed up with local celebrity and actor Matthew McConaughey and the Ad Council to launch a spot today to help those impacted by the devastating floods in southern Louisiana.
Farm safety top priority with farm tourism on the rise

Farm safety top priority with farm tourism on the rise

HARTFORD, Conn. — With the growth of agritourism and more people visiting local farms, Connecticut officials are joining other states in educating farmers about how to mitigate health risks for their new visitors.

Austin new car sales sluggish in July

Austin-area new car sales saw another tough month in July.Sales of new vehicles were down were down 9 percent for the month, and down 3 percent for the year so far, according to data from Dallas-based Freeman Auto Report, which tracks new vehicle registrations in Travis, Williamson, Hays, Bastrop, Burnet, Blanco and Caldwell counties.
New Mueller homes to include some for income-qualified buyers

New Mueller homes to include some for income-qualified buyers

More housing is on its way to the Mueller development in Northeast Austin, with the latest batch to include 375 homes, almost half of which will be priced within reach of middle-income families, the developer says.
Proposed Austin Energy rates would save average customer $20 a year

Proposed Austin Energy rates would save average customer $20 a year

The $42.5 million in cuts Austin Energy accepted in a compromise with its biggest customers would mean dramatic reductions in electric rates for commercial uses and cuts for many residential customers, new figures from the city-owned utility show.
Which tech jobs pay the most in Austin?

Which tech jobs pay the most in Austin?

We've obtained a fresh batch of data on tech salary wages in Austin, thanks to the helpful folks at Idaho-based Economic Modeling Specialists International.
Tech companies offer lower salaries to women, data shows

Tech companies offer lower salaries to women, data shows

A gender wage gap analysis done by jobs site Hired.com shows that technology employers are frequently offering women lower salaries than men for the same jobs at the same company.

Central Texas Digest: Austin rents rising at slower pace

Austin rents rising at slower paceAverage apartment rents in the Austin area increased in July for the seventh straight month, though the rate of increase from last year fell to a six-year low, according to Axiometrics.
Pfizer spends $14B on Medivation in cancer fight

Pfizer spends $14B on Medivation in cancer fight

Pfizer will pay about $14 billion to buy cancer drug developer Medivation in a cash deal aimed at fortifying its hold in one of the hottest and most lucrative areas of medicine.
Speedo USA, 2 other sponsors drop Lochte after Rio incident

Speedo USA, 2 other sponsors drop Lochte after Rio incident

Ryan Lochte lost three major sponsors when swimsuit company Speedo USA, clothing giant Ralph Lauren and skin-care firm Syneron-Candela announced in quick succession Monday they were dumping the swimmer over a drunken incident during the Rio Olympics that he initially described as an armed robbery.
Top Local Business Stories of the Week

Top Local Business Stories of the Week

HEALTH CAREThousands affected in Texas as Aetna rolls back Obamacare plans: Thousands of Aetna policyholders in Texas will have to find new health care coverage next year after Aetna, the country’s third-largest insurer, said it is leaving the federal insurance marketplace created by President Barack Obama’s Affordable Care Act.

Up The Ladder

BankingPioneer Bank has named Ron Coben interim CEO.EnergyParsley Energy has named Larry Parnell vice president-engineering.
Google Fiber expanding service into Southwest Austin

Google Fiber expanding service into Southwest Austin

Google Fiber is once again expanding its footprint in the Austin area.   The company, which already offers super-fast 1-gigabit internet service in parts of South and Southeast Austin, said Friday that it is now signing up customers in much of Southwest Austin.
Central Texas home sales drop 4.9%; median price keeps rising

Central Texas home sales drop 4.9%; median price keeps rising

Home sales declined almost 5 percent in the Austin area in July — the second month this year to see a drop in sales volume — while the area’s median sales price continue to rise, the latest figures show.
Pedernales co-op board changes voting process

Pedernales co-op board changes voting process

A politically divided board of Pedernales Electric Cooperative has voted to change how the co-op elects its top officials — a step that is drawing criticism from some of the co-op’s membership.
Two new hotels to add 1,000 rooms to Austin market

Two new hotels to add 1,000 rooms to Austin market

White Lodging Services Corp. plans to add almost 1,000 hotel rooms in two planned projects, one in downtown Austin and the other near the University of Texas, the company told the Austin American-Statesman.

Thousands affected in Texas as Aetna rolls back Obamacare plans

Thousands of Aetna policyholders in Texas will have to find new health care coverage next year after Aetna, the country’s third-largest insurer, said it is leaving the federal insurance marketplace created by President Barack Obama’s Affordable Care Act.

Study: Self-checkouts can turn customers into shoplifters

Self-service checkout technology may offer convenience and speed, but it also helps turn law-abiding shoppers into petty thieves by giving them “ready-made excuses” to take merchandise without paying, two criminologists say.

How are Social Security benefits calculated?

Can you explain how Social Security benefits are calculated? I know they’re based on an average of the last 35 years of wages before beginning to draw benefits, but is there a cap to the amount a person gets “credit” for in a particular year when calculating the average?

A Hail Mary retirement plan for those with nothing saved

You’re rounding the corner toward retirement age with not nearly enough set aside. We tell young people to start saving for retirement from their first job and not to quit, because even small sums can grow staggeringly large with enough decades of compound returns.

With new 5G technology, will health risks also grow?

As wireless companies prepare to launch the next generation of service, there are new questions about the possible health risks from radiation emitted by cellphones and the transmitters that carry the signals.

Hostess launches 'Deep Fried Twinkies' as first frozen treat

The deep-fried Twinkie is jumping from the state fair to the home freezer. Hostess Brands, the maker of lunchbox treats like Ho Hos, is launching packaged “Deep Fried Twinkies” starting Friday that mark its first foray into frozen foods.
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