The Texas economy is one of the most robust in the world. Wildly profitable companies and ingenious entrepreneurs call this state home, and what happens here influences businesses around the nation. Here’s a slice of the profits, losses, big deals, and backroom decisions happening across Texas this week.
From Oil Spill to Windmill
It may take years for the Deepwater Horizon scandal to blow over, but in the meantime, BP is investing in wind power. This week the British energy company began commercial operations at the 20,000-acre Sherbino 2 wind farm near Fort Stockton. According to UPI, the farm’s sixty turbines “can generate enough electricity to meet the demands of 45,000 homes.”
The Bottom Line: BP has installed one thousand turbines in seven states over the last five years, and the company says it has invested more than $1 billion in wind power in Texas alone.
A Cold Day at Dell
Dell’s stock took a dip this week after its latest earnings report underwhelmed analysts and