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Lockheed's Alabama missile programs touted as bright spot in gloom over defense budget
HUNTSVILLE, Alabama -- The U.S. plans to reduce defense spending by nearly half-a-billion dollars over the next decade or so, and there could be almost half-a-billion more slashed almost indiscriminantly across the military if Congress and the Obama administration don't stop automatic "sequestration" cuts from beginning in January. That's no gift for Lockheed Martin, the nation's largest defense contractor, as it celebrates the company's 100th birthday, which was Thursday. But officials said there was plenty to smile about as they outlined some of their programs during the 15th annual Space & Missile Defense Conference in Huntsville. The Huntsville Times
Submitted 2 years 97 days ago

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Pepsi sees a bit of growth in metro Atlanta
Pepsi is stepping out of the shadows a bit more these days in metro Atlanta, home of longtime rival Coca-Cola. Pepsi now can be found in more restaurants at Hartsfield-Jackson International Airport, thanks to an ongoing reconfiguration of concessions contracts at the facility. And the Purchase, N.Y.-based company’s recent deal to be the exclusive provider of nonalcoholic beverages for Gwinnett Center — a position previously held by Coca-Cola — is getting its products into more metro area hands than ever before. Atlanta Journal Constitution
Submitted 2 years 97 days ago

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EPB urged to cut gig Internet price in Chattanooga
For all the talk of Chattanooga's gigabit network, only 34 customers actually subscribe to the $350-per-month service. For $50 more, they could buy an iPad2 every month. "It's not a good use of anybody's money for EPB to engineer this stuff that nobody's going to use," said Clay Hales, CEO of InfoSystems. Without subscribers, there's not an economic reason for developers to create applications. Without applications, there's little reason for subscribers to sign up. Chattanooga Times Free Press
Submitted 2 years 97 days ago

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Bob Corker urges change for TVA board
A day after TVA's chief executive said he is stepping down, U.S. Sen. Bob Corker, R-Tenn., warned Friday that the board that will pick a new TVA head includes too many directors without corporate experience or the financial skills to oversee a complex agency like TVA. "As you look at TVA today as an $11 billion-a-year company with tremendous challenges, it has a board of directors with the qualifications that I think would cause most Tennesseans to be very concerned," Corker said. "We have only one person on the board, to my knowledge, who even has any corporate board experience." Chattanooga Times Free Press
Submitted 2 years 97 days ago

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Chattanooga Bakery hoping new packaging will boost sales of iconic MoonPie
The Chattanooga maker of MoonPies has embarked on the biggest change to the icon's packaging in nearly two decades. MoonPie, made in Chattanooga since 1917, has an updated logo and packaging that embraces its past to grow future sales, according to maker Chattanooga Bakery. "The new packaging is very reminiscent of our historical packaging," said Sam Campbell, the company's president and fourth generation head of the family-owned firm. "It's designed to stir up the warm feelings people associate with our brand while also modernizing the look." Chattanooga Times Free Press
Submitted 2 years 97 days ago

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Tom Hanks’ production company Playtone set to shoot Dallas-set JFK film, ‘Parkland’ … but where?
Five years ago came word that Tom Hanks and Fort Worth native Bill Paxton were partnering on a Kennedy assassination drama based on Vincent Bugliosi’s massive book Reclaiming History: The Assassination of President John F. Kennedy, perhaps as a 10-part miniseries for HBO. As Hanks’s Playtone production partner Gary Goetzman told Variety way back when, the mini would posit that Lee Harvey Oswald acted alone on November 22, 1963: “I totally believed there was a conspiracy, but after you read the book, you are almost embarrassed that you ever believed it.” Dallas Morning News
Submitted 2 years 100 days ago

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Texas added 17,800 jobs in July, but the unemployment rate ticked up to 7.2 percent
Texas employers added 17,800 jobs in July — more than in any other month since February. However, the state unemployment rate rose to 7.2 percent from 7 percent in June, according to data released today by the Bureau of Labor Statistics. Texas’ unemployment rate still is far below the nation’s, which was 8.3 percent last month. July marked the 24th straight month of job gains statewide. Most of Texas’ job growth has come from the private sector, with 9,100 job gains in July. The state has seen the addition of 258,500 private-sector jobs in the past year, accounting for a 3 percent growth rate in private sector employment in Texas compared to 1.8 percent nationally, according to Tom Pauken, the Texas Workforce Commissioner representing employers. Dallas Morning News
Submitted 2 years 100 days ago

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Bringing women into the oil fields
Like many energy companies, Halliburton wants to attract more women scientists and engineers. So it conducted research that included asking its existing employees for advice. Putting locks on bathroom doors in the oil field would help, some of the women said. So would making overalls in women’s sizes. Those fixes, especially compared to coming up with ways to get younger women interested in opportunities in the traditionally “good old boy” field, sounded easy enough. But it didn’t turn out to be. Houston Chronicle
Submitted 2 years 100 days ago

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U.S. Consumer Sentiment Unexpectedly Rose in August
Confidence among U.S. consumers unexpectedly improved in August, boosting the prospect of stronger household spending this quarter. The Thomson Reuters/University of Michigan preliminary August index of consumer sentiment increased to 73.6, the highest level since May, from 72.3 the prior month. The gauge was projected to be little changed at 72.2, according to the median forecast of 72 economists surveyed by Bloomberg. After two months of sliding sentiment, August’s advance indicates consumers may be feeling the benefits of growing payrolls. Rising confidence raises the odds households can sustain July’s pickup in retail sales, which set the pace for stronger growth in the third quarter. Bloomberg
Submitted 2 years 100 days ago

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With Kilgore's retirement, who's on TVA's management bench?
TVA CEO Tom Kilgore announced Thursday that he will retire, and the agency's board will hire an executive search firm to find his successor. That firm will presumably consider outside candidates, but here’s a look at the top executives who are already on the agency’s roster. The following executives are all direct reports to Kilgore, according to TVA spokesman Travis Brickey. -- Kim Greene, executive vice president and chief generation officer (pictured above). Greene’s portfolio includes coal operations, gas operations, generation construction, and power supply & fuels. A native of Knoxville, she previously served as the agency’s CFO and came to TVA in 2007 from Southern Company. Knoxville News-Sentinel
Submitted 2 years 100 days ago

 

 

Features & Opinion

 Top Ten Places in the South for Relocating California Companies

The America South is home to almost as many residents as the Northeast and the Midwest combined, but even that statistical record is about to be broken. According to a new Census Bureau study that came out in April, 51 percent of the nation's population jump occurred in the South from 2010 to 2013.
 

 Randle Report - Business News in the South

 FEATURE  
By Stacy Randle
Demographer Wendell Cox recently analyzed the largest gains in holders of bachelor's and post-graduate degrees between 2007 and 2012 in the 51 metro regions in the U.S. of 1 million residents or more. The results were published in Forbes magazine and the South dominated the ranking.
 

 Business News in the South - Randle Report

FEATURE     
This is our annual "Made in the South" issue and it's timely because there is a new player in the South's manufacturing universe. For almost two decades, economic developers and politicos in the South and the U.S. have been chasing Chinese projects with little or nothing to show. Want proof we've been chasing ghosts in China for years? Okay, go ahead and name a Chinese brand that's made in the South? Tick. . .tick. . .tick. Give up?
 
 Nashville Mayour Karl Dean

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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