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

 

 
2
Likes

FedEx's Fred Smith assails presidential candidates' trade positions
FedEx chief Frederick W. Smith said Tuesday the company is concerned about both presidential candidates’ views on trade, but he hopes it’s only campaign rhetoric. Asked which issues most concern FedEx in the coming election, the company chairman and president said, “I would say we would have a hard time putting up a list of the things that don’t concern us, given the two candidates’ positions. But obviously we’re concerned about the antitrade rhetoric, a lot of the antibusiness positions, and it’s very worrisome. But hopefully after the election, cooler heads will prevail.” Smith made the comments during a question and answer session after the company reported topping $50 billion in annual revenue for the first time. Memphis Commercial Appeal
Submitted 4 days ago

0
Likes

Memphis firm aims to replace oil in plastic
A 75-year-old Memphis chemical plant may advance the environmentally friendly cause of non-food plant waste replacing a petroleum-based key ingredient in plastics, antifreeze and de-icer. Pennakem LLC, which originated as a Quaker Oats-run chemical plant in 1942, was the site of a five-week campaign this spring to produce plant-based glycol at commercial scale for Canada-based S2G Biochemicals. Pennakem could land a permanent role producing glycol and a second, secret food additive for S2G because of the campaign's success. Memphis Commercial Appeal
Submitted 4 days ago

0
Likes

Tampa Bay Partnership plans major structural change — CEOs in, elected officials out
The Tampa Bay Partnership’s existing Board of Directors will vote this week on a major structural change that would eliminate any public investments and redefine the group’s leadership structure. During its meeting Friday, the board will decide whether to approve a new Council of Governors consisting of only CEOs of major companies in the Tampa Bay area. If they vote in the affirmative, the Tampa Bay Partnership will sunset its current board on Sept. 30. The new board with a minimum $50,000 buy-in would convene the next day on Oct. 1. Tampa Bay Business Journal
Submitted 4 days ago

3
Likes

Hyundai begins mass production of Santa Fe Sports SUV at Montgomery plant Wednesday
The already busy assembly lines at Hyundai's Montgomery plant will become even busier Wednesday. That's when the plant begins mass production of the Santa Fe Sport SUV. The SUV becomes the third vehicle to be made at Hyundai's Alabama plant, located just south of downtown Montgomery off I-65. There is a growing demand in the United States for trucks and SUV's as gas prices have declined and the move by Hyundai to build the Santa Fe SUV in Montgomery will allow the company to meet that demand. The Santa Fe Sport SUV will join the Sonata and Elantra sedans as vehicles produced in Alabama. AL.com
Submitted 4 days ago

0
Likes

Automotive supplier to bring $11.1M facility to Birmingham
An Austrian automotive supplier on Tuesday announced plans to bring a new $11.1 million facility to the Oxmoor Valley. voestalpine Automotive Body Parts Inc., a producer of stamped and hot-formed automotive parts, will occupy an existing 52,000-square-foot location at 260-A Lyon Lane near Birmingham's Red Mountain Park. The investment is set to create an estimated 42 jobs. Birmingham Business Journal
Submitted 4 days ago

8
Likes

Resilient U.S. oil companies start pumping again
Despite OPEC's strategy of flooding the oversupplied market with tons of crude, American oil production has not fallen off a cliff. And now that prices have rallied back to $50 a barrel, there are early signs that U.S. shale is on the rebound, too. Just look at how the closely-watched Baker Hughes oil rig count has stopped collapsing -- and started rising. The tally rose last week for the third-straight week, the longest streak since last August. The recent uptick represents an intriguing reversal. U.S. oil rigs had declined 20 of 21 weeks up until mid-May, when oil prices hit four-month highs above $47 a barrel. CNN Money
Submitted 4 days ago

16
Likes

Wage hike good for businesses, the economy and its the right thing to do
Washington, D.C. just took a bold step toward giving our hard-working families a brighter future. By supporting a District-wide $15 minimum wage, the City Council and Mayor Bowser have empowered the people of D.C. and given them a real chance for a better life. No hardworking family or individual should be working full-time and still struggling to keep a roof over their head and food in their children’s mouths fed. The Hill
Submitted 4 days ago

4
Likes

America’s Energy Infrastructure - It’s Where the Good-Paying Jobs Are
The United States is the world’s largest economy. Yet, in the last two decades, our national economic growth rate has been declining. In the 1950’s and 1960’s the average growth rate for the United States was above 4 percent. In the 1970s and 1980s, it still stood above 3 percent. But, since the beginning of the 21st century, our annual average growth rate has been barely above 2 percent. Huffington Post
Submitted 4 days ago

0
Likes

The 5 Best (And Worst) States To Retire Rich
Who wouldn’t want to live out their golden years in the lap of luxury? But many Americans wonder if they’ll even be able to retire somewhat comfortably, which means getting the most out of your hard-earned retirement savings is key. GoBankingRates, a website dedicated to personal finance, analyzed the cost of retirement in all 50 U.S. states plus the District of Columbia. The rankings were based on key factors like cost of living, taxes, banking, the cost of health insurance and more. Huffington Post
Submitted 4 days ago

2
Likes

The best and worst states to be a kid in America
Minnesota is the best state to be a kid, according to a new study of children's overall well-being. The worst overall states? Mississippi, New Mexico, Louisiana, Nevada, and Alabama, according to rankings in the Annie E. Casey Foundation's 2016 "Kids Count Data Book." The top five states overall, along with Minnesota, were Massachusetts, Iowa, New Hampshire, and Connecticut, the study found. Knoxville News Sentinel
Submitted 4 days ago

1 ... 4 5 6 7 8 9 10 11 12 13 ... 6557
 

 

Features & Opinion

 Randle Report - Business News in the South

For those who still languish over "losing to China" or believe that the economy is still in recession, wake up and smell the data. Economic development in the South was about as good as it gets in calendar year 2015 according to the data. And as for China, borrowing a quote from the late football coach Bear Bryant that he made in the half-time locker room down 15-0 to Georgia Tech in 1960, "We got 'em right where we want 'em." For those of you who don't know the rich history of Alabama Crimson Tide football, Bama scored all of its 16 points in the fourth quarter, kicking a field goal on the last play of the game to beat Tech 16-15.
 

 Randle Report - Business News in the South

 FEATURE  
By Mike Randle
Today, factories in the U.S. make twice as much product as they did in 1984. And they are doing it with one-third of the manufacturing workforce. In fact, the output of durable goods in 2015 was the highest in the nation's history. So, we do have a strong manufacturing base, at least in the South, much of the Midwest and parts of the West, and it is getting stronger because on a cost-basis, we can compete with any major manufacturing nation in the world.  
 

 Randle Report - Business News in the South

FEATURE     
The argument for or against a minimum wage hike continues between the reds and the blues, as well as within the economic development community in the South. Should we stay the course with a minimum wage under $8 an hour to better compete with Mexico, the South's biggest competitor for jobs, or set a minimum wage just over $10 an hour, a wage floor most centrists support? That $10 per hour is, according to the MIT Living Wage Calculator, about right in most states in the South for one adult to be able to cover basic expenses plus all relevant taxes.
 
 Randle Report - Business News in the South
Recent data from the Computing Technology Industry Association (Comp TIA) showed that the technology industry is one of the fastest growing job generators in the South and the nation. The report also indicated that technology job compensation is growing faster than any other sector.
 


 

 

ODEC
Southern Business & Development Southern Auto Corridor Small Town South Randle Report

Copyright ©2016 Randle Report
All of the South's Business and Political News in One Place
Login