Business
January 21, 2013
Texas Business Report: Prison Phone Calls Break the Bank
Thanks to a near monopoly on inmate calling services. Plus: shipping strikes, SeaWorld’s IPO, and stalled stem cell therapy.
95 Articles
Business
January 21, 2013
Texas Business Report: What the Fiscal Cliff Could Mean for NASA
If the slate of federal budget cuts goes into effect on January 2, NASA's budget will be slashed by 8.2 percent, and some 5,600 jobs could be lost at Johnson Space Center.
Business
January 21, 2013
Texas Business Report: Texas Instruments to Lose 1,700 Jobs
And Exxon CEO Rex Tillerson will get a $4.59 million bonus.
Business
January 21, 2013
Texas Business Report: High-Definition Scoreboard for Reliant Stadium?
The home of the Houston Texans, which hopes to host the 2017 Super Bowl, may install a $10 million to $30 million high-definition digital scoreboard. Every other NFL team already has one.
Business
January 21, 2013
Texas Business Report: Medicare Fraud Arrests at Riverside General Hospital
The feds arrested the CEO of Houston’s Riverside General Hospital and six other hospital employees Thursday, accusing them of bilking $158 million from the Medicare program over the past seven years.
January 21, 2013
Texas Business Report: How Taxpayers Subsidized Construction of Cowboys Stadium
Taxpayers, who footed a large chunk of the bill for the new $1.2 billion Cowboys Stadium, got a raw deal, according to a new story in Bloomberg Businessweek.
Business
January 21, 2013
Texas Business Report: Fracking Dealt Major Blow
A University of Texas study found that natural gas drilling may have led to seventy earthquakes in the Barnett Shale region.
Business
January 21, 2013
Texas Business Report: Protect the Air, Judge Says
A Texas judge has decreed that the atmosphere and air are a "public trust," just like water.
Business
January 21, 2013
Texas Business Report: State Regulator Raises Energy Prices
The Texas Public Utility Commission decided Thursday to raise the price of wholesale energy by 50 percent.
Business
January 21, 2013
Texas Business Report: Low Natural Gas Prices Hurt Chesapeake Energy
Chesapeake Energy put 57,000 acres of crude oil and liquid natural gas fields in the Woodbine Sand area up for sale this week.
Business
January 21, 2013
Texas Business Report: Penney’s Performs Poorly
In addition to announcing a $163 million first-quarter loss this week, the ailing retailer, which has recently tried to reinvent itself, will no longer pay quarterly dividends.
January 21, 2013
Texas Business Report: Texas Ranchers Again Investing in Cattle
With demand for beef high and herd sizes still low, ranchers are looking to buy more cows.
Business
January 21, 2013
Texas Business Report: Austin Gets a Med School
The University of Texas Board of Regents approved plans for a medical school in the city, which could generate up to $2 billion for the local economy.
January 21, 2013
Texas Business Report: Appeals Court Sides with Texas over EPA
Texas Attorney General Greg Abbott scored a victory over the EPA this week over when a federal appeals court ordered the federal agency to take more time to consider Texas's pollution control measures.
Business
January 21, 2013
Texas Business Report: AMR to Cut 13,000 Jobs
But the Emerging Technology Fund has added 820 jobs, and Houston has two of the top-selling subdivisions.
Business
January 21, 2013
The Week in Business: Profits, Losses, and Everything in Between
Apple nearly nudges Exxon out of the top spot for most valuable company, JC Penney unveils a new logo, and H-E-B tries to buy its .xxx domain name.
Business
January 21, 2013
The Week in Business: Profits, Losses, and Everything in Between
Johnson and Johnson sheds tears over Texas lawsuit, Houston stomps Silicon Valley in tech job growth, and the sour finanial condition of Imperial Sugar.
Business
January 11, 2013
Texas Business Report: Google Invests $200M in Panhandle Wind Farm
The Spinning Spur Wind Project generates enough electricity to power more than 60,000 homes.
Business
December 21, 2012
Texas Business Report: Could Electric Cars Crash the Grid?
According to the Electric Reliability Council of Texas, the state's struggling power system would likely support even a widespread adoption of the vehicles.
Business
November 30, 2012
Texas Business Report: Austin Tries to Woo Visa to City
Visa would create nearly 800 jobs in Austin over 10 years.
Business
November 16, 2012
Texas Business Report: BP to Shell Out $4.5B to the Feds
The energy giant agreed to pay the Department of Justice and the SEC the hefty sum to settle the criminal cases associated with the Deepwater Horizon oil spill.
Business
November 9, 2012
Texas Business Report: The Rockets Get Into the ‘Moneyball’ Game
The basketball team's general manager plans to hire two statistical analysts to help build a winning team around Jeremy Lin.
Business
November 2, 2012
Texas Business Report: Chuck E. Cheese’s Ad Campaign Flops
The chain's parent company's strategy of investing more in a digital media campaign targeting moms seems to have backfired, with profits dropping 33 percent.
Business
October 19, 2012
Texas Business Report: Bumpy Skies for Southwest Airlines?
Southwest Airlines announced it will slash spending by at least $100 million after the airline's third-quarter numbers were lackluster.
Business
September 28, 2012
Trouble in Round Rock?
Dell's stock hit a three-year low this week.
September 21, 2012
Texas Business Report: Disney Launches Cruise Ship From Galveston
A Disney cruise set sail from Galveston under new a deal that is “guaranteed to create a minimum of $2.4 million in gross revenue for the Port of Galveston.”
Business
August 31, 2012
Texas Business Report: Hurricane Isaac Could Set Oil Companies Back $1 Billion
"Damage to fixed, floating and underwater assets” including offshore platforms and pipelines could shut down 95 percent of production in the Gulf.
Business
August 24, 2012
Samsung Pumps $4B into Austin Plant
The technology giant's investment is “the largest in size to be made by a foreign company in Texas.”
Business
August 17, 2012
Downtown Austin’s Construction Boom
The New York Times took note of the dozens of hotel, retail, office, and residential projects underway in downtown Austin.
Business
August 3, 2012
Texas Business Report: Small Bank in Big Spring Takes On Dodd-Frank Law
The State National Bank of Big Spring claims that the controversial law is unconstitutional.
Business
July 6, 2012
The Week in Business: Health Care in Texas Lags Behind Other States
Texas came in last place for health care delivery in a new federal study.
Business
June 15, 2012
Texas Business Report: Frito-Lay Focuses on Fancy Snacks
The Plano-based company will be adopting a "1 percent-99 percent strategy" by emphasizing both high-end products, like Stacy's Pita Chips, and "value" items, like Cracker Jack.
Business
June 8, 2012
Texas Business Report: Orthofix Settles Medicare Fraud Case
The Lewisville-based company agreed to pay $42 million for accepting "overpayments by federal programs," U.S. Airways dances the acquisition tango with American, and more Texas business news.
Business
April 27, 2012
Texas Business Report: Amazon to Tax Texans
The giant of internet retail will start collecting taxes on Texas purchases in July, and has promised Comptroller Susan Combs it will make $200 million in capital investments in the state.
Business
April 20, 2012
Texas Business Report: Math Standards Divide State
The Texas Association of Business criticizes the State Board of Education's math curriculum and working in Texas pays off for women.
Business
April 13, 2012
Texas Business Report: The State Sues Apple
Texas joins fourteen other states in a lawsuit against Apple, AT&T dumps the Yellow Pages, and Mattress Firm will get a great night's sleep after it becomes the largest bedding chain in America.
Business
April 6, 2012
Texas Business Report: Tornado Property Damage Claims Relatively Low
Dallas insurers say claims are lower than expected, the home construction slump adversely affects the ice-production industry, and other business news.
Business
March 23, 2012
Texas Business Report: Lockheed’s F-35 Fighter Jets Cost Too Much
The first fleet of Lockheed Martin’s F-35 fighter jets, which are produced in Fort Worth, are roughly $1 billion more expensive than anticipated.
Business
March 9, 2012
Texas Business Report: Texas Enterprise Fund Spends $21 Million to Woo Apple
The state pays big bucks to bring Apple (and 3,600 jobs) to Austin, Texans eat out more often than residents of any other state, and the Capitol City will bring in $264 million this month.
March 2, 2012
Texas Business Report: Blockbusted
Blockbuster shuts down one-third of its locations, international business out of Texas goes gangbusters, and home prices increase in San Antonio and Houston.
Business
February 24, 2012
Texas Business Report: BP Gets in the Wind Game
BP has invested more than $1 billion in wind energy in Texas, Dell's stocks take a dip, and every minute spent waiting in line at the border costs companies $116 million.
Business
February 10, 2012
Texas Business Report: The Future of the Internet Could be Decided . . . in Tyler?
A Tyler man says he invented the technology that laid the groundwork for the web, Frito sales are on the rise, and Rice could help offer open-source textbooks.
January 20, 2012
The Week in Business: Profits, Losses, and Everything in Between
A hedge fund scandal revolves around Dell, AT&T turns its gaze on Dish Network, and Houston executives rake it in.
Business
January 6, 2012
The Week in Business: Profits, Losses, and Everything in Between
Another hiccup for AT&T, American Airlines's parent company gets delisted, and San Antonio will now be the mechanic for America's most famous plane.
Business
December 22, 2011
The Week in Business: Profits, Losses, and Everything in Between
Valero doesn't get a break, Southwest lands a new fleet, and Star Wars fanatics rejoice.