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Austrian company launches $740 million Corpus port project
SAN ANTONIO — The voestalpine Group will break ground this week on a $740 million plant at the Port of Corpus Christi. The plant on the north shore of Corpus Christi Bay will use iron ore to make briquettes that will be shipped to European auto plants. Hot-briquetted iron, or HBI, is a primary material for raw steel making. FuelFix.com
Submitted yesterday

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Haslam, others fight UAW's subpoena at VW labor hearing
Gov. Bill Haslam and other top state officials have asked the National Labor Relations Board to revoke subpoenas by the United Auto Workers union in advance of a labor hearing in Chattanooga next week. The UAW had sought to compel them to testify as part of the union's challenge of the February election results at the Volkswagen plant in Chattanooga. Tennessean.com
Submitted yesterday

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Richard Branson's Virgin to open hotel in Nashville
Nashville's burgeoning reputation as a music capital that's drawing creative people and more sophisticated consumers has made it a plum market for high-end hotel brands. Billionaire entrepreneur Richard Branson's Virgin Hotels on Thursday announced Nashville as the third U.S. city – in addition to New York and Chicago – where it plans to operate a lifestyle-brand hotel. Tennessean.com
Submitted yesterday

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Gov. Robert Bentley to talk business, job efforts during economic recovery tour in Decatur
DECATUR, Alabama – Gov. Robert Bentley, who is seeking re-election for a second term, will meet with teachers, residents and business leaders Monday during three public appearances in Decatur. The Road to Economic Recovery Tour will allow Bentley to discuss state-level job efforts and economic conditions in Morgan County. The governor made a series of stops in Huntsville two weeks ago. AL.com
Submitted yesterday

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US exporting a ‘tidal wave’ of gasoline, other fuels
WASHINGTON — U.S. refiners are sending a “tidal wave” of gasoline, diesel and other refined products onto the world market, taking advantage of the surge in domestic oil development that has helped drive Gulf Coast crude stockpiles to record levels, according to a new report. The jump in domestic oil supplies means the U.S. is on track to become a net exporter of gasoline — producing more than it needs — next year, said Wakefield, Mass.-based ESAI Energy in an analysis released Thursday. FuelFix.com
Submitted yesterday

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Obama administration delays action on Keystone XL
WASHINGTON — The Obama administration on Friday confirmed it was giving eight federal agencies more time to weigh in on the Keystone XL pipeline, likely delaying a final decision on the controversial project until after the Nov. 4 midterm elections. The State Department said the agencies needed more time to respond in light of a Nebraska court ruling that struck down legislation authorizing Gov. Dave Heineman’s approval of the pipeline’s route through the state. FuelFix.com
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Former drilling chief: US ‘on a course to repeat’ Gulf oil spill
WASHINGTON — The United States is “on a course to repeat” the same mistakes that led to the devastating Deepwater Horizon disaster four years ago, a former top offshore drilling regulator warned Thursday. In an opinion piece in the New York Times, the former Minerals Management Service director, Elizabeth Birnbaum, says the Obama administration “still has not taken key steps . . . to increase drilling safety.” FuelFix.com
Submitted yesterday

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Four years after Deepwater Horizon exploded, long-term environmental impacts from BP oil spill remain mostly unknown
The Gulf of Mexico today looks very much like it did in the moment before Transocean’s Deepwater Horizon drilling rig exploded the morning of April 20, 2010, and sank amid a towering inferno 40 miles south of the Louisiana boot. Eleven rig workers died, marking the accident’s greatest tragedy. Over the next three months, the damaged BP Macondo 252 wellhead spewed an estimated 200 million gallons of crude oil into the Gulf from 5,000 feet below the surface. AL.com
Submitted yesterday

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Alabama Attorney General foresees lawsuit against BP for state’s economic losses
MOBILE, Alabama -- As the oil spill's effects linger, there is one place where BP and other companies have continued to feel grief: the courtroom. Alabama Attorney General Luther Strange said Friday, two days before the four-year anniversary of the Deepwater Horizon oil spill, that he had no intention to make it stop. “The next trial, set for January 2015, will determine how much money BP owes the federal government in civil penalties, a portion of which Alabama will receive through the RESTORE Act,” Strange said in a statement. AL.com
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GM Risked Lives to Save 25 Cents Per Car
Until now, one of the most perplexing questions in the General Motors scandal is why the storied manufacturer waited more than a decade to recall 1.6 million compact cars with faulty ignition switches that contributed to more than a dozen deaths across the country. GM CEO Mary T. Barra testified to members of Congress two weeks ago that while she couldn’t answer that or other troubling questions with certainty, an internal company investigation headed by former federal prosecutor Anton Valukas would get to the bottom of that. Thefiscaltimes.com
Submitted yesterday

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Features & Opinion

 Top Ten Places in the South for Relocating California Companies

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 Randle Report - Business News in the South

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Desperation sometimes masks itself in acceptance. Such was the case for Takelia Carter of Marion, Ark. For Carter, the mother of six school-age children in a low paying job, desperation was normative existence. This was her life in Crittenden County, Ark., deep in the Delta where unfortunately one in four families lives well below the poverty level.
 

 Business News in the South - Randle Report

FEATURE     
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There are numerous factors driving the new industrial revolution in the South. And it is a revolution, as this manufacturing surge that began in 2007 continues to break records year after year in the total number of large, capital intensive projects. One factor, of course, is that reshoring of facilities back to the U.S. continues to grow each year.
 
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We try to change up the categories in our annual Ten Top 10s section, but we always include the "Ten People Who Made a Difference" category. This year though, we are honoring 12 and you will learn why by reading about this group of folks who have made a difference in the South. Here is our annual list that includes executives, economic developers and politicians who have made a difference in the South's economy.


 


 

 

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