Bookmark and Share Business News in the South from The Randle Report

 

Sign up for Randle Report Daily Emails for all The South's Business and Political News Follow Randle Report on Facebook for Business News in the South Follow Randle Report on Twitter for all The South's Business and Political News

 

 
1
Likes

ThyssenKrupp sale: Posco submits letter of intent to buy Calvert plant
South Korean steelmaker Posco has reportedly submitted a letter of intent to buy ThyssenKrupp AG's Steel Americas unit, according to Bloomberg. ThyssenKrupp produces steel slabs in Brazil that it ships to Alabama for finishing in Calvert. The plants, valued together at about $9 billion, were put up for sale in May. ThyssenKrupp CEO Heinrich Hiesinger said in August that he wants to sell the two plants separately for at least the book value. The company reportedly wanted non-binding offers of purchase by the end of September. Posco declined to comment, but analysts said the steelmaker is one of the likeliest buyers as it already supplies Asian carmakers in the United States, Bloomberg reported. Mobile Press-Register
Submitted 2 years 177 days ago

18
Likes

Mobile, Ala., business leaders expect stronger fourth quarter, thanks to Airbus
MOBILE, Alabama -- Mobile was the only metro area in Alabama to see an improvement in business outlook in the fourth quarter, with the Alabama Business Confidence Index inching up to 51 points. Analysis from the University of Alabama's Center for Business and Economic Research, which conducted the quarterly survey of about 300 people, suggested that the recent announcement of an Airbus manufacturing facility for Mobile likely factored into the 2.1 point increase from last quarter in area confidence. Mobile Press-Register
Submitted 2 years 177 days ago

18
Likes

All eyes on Vogtle, first U.S. nuclear reactor in a generation
There may be one thing that Georgia Power CEO Paul Bowers wants to emphasize the most about the expansion of nuclear power-generating Plant Vogtle: It has to be perfect. The two new reactors at the plant, just south of Augusta near the South Carolina border, are the first to be built in the United States since the Three Mile Island incident in 1979. And with that, Bowers said the nation and the world will be watching. The pursuit of perfection is to the point of turning back concrete-reinforcing metal “rebar” with a 90-degree bend if it’s off by one-sixteenth of an inch, he said. Athens Banner-Herald
Submitted 2 years 177 days ago

-4
Likes

Bipartisan pair call Florida's nuclear plant fee 'hidden tax'
On the eve of a Supreme Court hearing on a challenge to the law that forces utility customers to pay in advance for new nuclear plants, opponents called the fee an unconstitutional "hidden tax. We're having (customers) spend their dollars on a nuclear power plant that will never be built," state Rep. Michelle Rehwinkel Vasilinda, D-Tallahassee, said during a conference call. "We're not even sure that we need any of these power plants." Tampa Bay Times
Submitted 2 years 177 days ago

3
Likes

Fla. gov. says state needs more water from Georgia
EASTPOINT, Fla. — (AP) Florida's oyster industry appears near collapse and needs help to survive, including getting more fresh water into Apalachicola Bay from Georgia, Gov. Rick Scott said Wednesday in pledging to try to help. Scott said the crisis affecting the Gulf Coast shows that federal officials need to adjust how much water is flowing downstream, a dispute that has triggered years of lawsuits among Florida, Georgia and Alabama. Oysters require a mix of fresh and salt water to survive. Drought is contributing to the problem according to state agriculture officials. In jeopardy in the immediate future are as many as 2,500 jobs in Franklin County in the Florida Panhandle that are either directly or indirectly impacted by the oyster industry. The outlook for any type of commercial harvest this year is bleak — and residents are in dire need of help with food, rent and light bills. Atlanta Journal-Constitution
Submitted 2 years 177 days ago

10
Likes

Lenovo to make products close to customers
GREENSBORO — Lenovo's plan to build all of its PCs for the U.S. in Guilford County would be great news if only for the 115 manufacturing jobs the company is adding. It’s even bigger news when a Chinese company making hundreds of thousands of computers in other countries moves that work to the United States. “This is not unusual to consider North Carolina or the Greensboro area for a manufacturing operation,” said Dan Lynch, president of the Greensboro Economic Development Alliance. Greensboro News-Record
Submitted 2 years 177 days ago

7
Likes

Leaders point to signs of Charleston, W.Va.'s recovery
CHARLESTON, W.Va. - Charleston city leaders say a recent surge in business and occupation tax collections is evidence the city's economy is bouncing back. Mayor Danny Jones said the $400,000 in additional tax collections over the past three months also would help cut the city's burgeoning pension liabilities. Charleston closed the books on the first quarter of its 2013 fiscal year at the end of September. City finance director Joe Estep said business and occupation tax collections beat expectations by about 4.7 percent during the July to September quarter. Charleston Daily Mail
Submitted 2 years 177 days ago

5
Likes

Shale gas a game changer for U.S. energy economy
Huge new shale gas discoveries are a game changer for energy in the U.S., potentially reshaping the electricity and transportation industries, according to officials at the Governor's Conference on Energy. And though federal regulations are a burden on the U.S. energy industry, don't count coal out as a globally important power source, speakers at the conference in Richmond said Wednesday. "It looks like we have a couple of hundred years' natural gas supply liberated by the fracking process," said Robert P. Powers, executive vice president and chief operating officer of American Electric Power. "Who knew we were entering an era of energy abundance?" said Karen A. Harbert, president and chief executive of the U.S. Chamber of Commerce's Institute for 21st Century Energy. Richmond Times-Dispatch
Submitted 2 years 177 days ago

5
Likes

U.S. and China Increase Shale Gas Business Ties
China and the United States may have trade disputes over green technologies. But they will still be collaborating in the shale gas arena. China needs foreign technology and capital to get at its vast shale gas reserves -- fuel that it desperately needs to feed its energy appetite at 12 percent growth a year. If it is able to access its plethora of recoverable shale gas, it would then become far more reliable, independent and, perhaps cleaner. “We remain positive that China’s domestic shale gas will be a major boost to supply growth, producing approximately 150 billion cubic meters per annum by 2030,” says Gavin Thompson, head of Asia Pacific gas research for the consulting firm Wood Mackenzie. EnergyBiz.com
Submitted 2 years 177 days ago

6
Likes

President Obama revokes sale of four wind farms to Chinese nationals
The Obama administration ordered companies controlled by Chinese national to divest themselves of four Oregon wind projects acquired earlier this year, deeming them too close to restricted airspace near a naval training facility. In an executive order dated Sept. 28, Obama ordered Ralls Corporation, a company owned by Chinese nationals, to divest its interest in the wind farms it purchased earlier this year near the Naval Weapons Systems Training Facility in Boardman, Ore. Ralls is affiliated with Chinese turbine manufacturer Sany. “There is credible evidence that leads me to believe that Ralls Corporation … might take action that threatens to impair the national security of the United States,” the presidential order states. EnergyBiz.com
Submitted 2 years 177 days ago

 

 

Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Just look around at what's happening in the aerospace industry in the American South. Aerospace is really making a move to become one of the region's top two industry sectors. It’s not there yet, but if large project counts are any indication, aerospace may soon challenge the petrochemicals sector as the second largest industry in the region. Never before has the aerospace industry been so important to the South's economy. Oh, what's the No. 1 industry sector in the South? Automotive is, of course. That industry hasn't been challenged much for 25 years in this region, or since we’ve been counting.

 

 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
If you have ever seen one of my presentations, then you know about the word "reshoring" and how that phenomenon has lifted the spirits of even the most skeptical Southerners regarding the future of the region's economy. After all, in the last four decades, manufacturing has suffered a bloodletting never before seen in U.S. history. The biggest factor behind the slow and long meltdown that began in the 1990s was the herd mentality to offshore manufacturing capacity to cheaper locales, primarily by U.S.-owned companies.
 


 

 

http://www.cldlink.org
Southern Business & Development Southern Auto Corridor Small Town South Randle Report

Copyright ©2015 Randle Report
All of the South's Business News, Political News, and Economic Development News in One Place
Login