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Tenn. Gov. Haslam's brother finalizes $1B deal to buy Browns
The Haslams made a fortune selling gasoline and diesel fuel, but now they’re focusing on a second family business. The Cleveland Browns confirmed Thursday that owner Randy Ler-ner has agreed to sell a majority stake in the professional football team to Jimmy Haslam, president and CEO of Knoxville-based Pilot Flying J, and his family. In an interview with the News Sentinel, Jimmy Haslam said Thursday that the group buying the team is composed exclusively of family members, although he said his younger brother, Tennessee Gov. Bill Haslam, is not part of the deal. Knoxville News-Sentinel
Submitted 1 years 262 days ago

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The U.S. Postal Service wants its stuff back
You can tell the U.S. Postal Service means business by the tone of this email subject line: "Postal equipment is for mail — not home improvement." One day after skipping a $5.5 billion payment to the U.S. Treasury, the Postal Service issued a press release today asking for some of its stuff back. As the press release describes, the USPS uses a lot of different mail transport equipment — which is to say, flat tubs, pallets, trays and mailbags. Apparently, the equipment can also be useful for yardwork, sorting papers or what have you. Nashville Business Journal
Submitted 1 years 262 days ago

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Zuckerberg loses $423 million in wealth in one day
While shares of Facebook Inc. continue to shed value, co-founder Mark Zuckerberg can only watch part of his wealth do the same. Shares of the social networking monolith fell 4 percent to $20.04 in trading yesterday -- the lowest the stock has yet seen -- and the 28-year-old billionaire's net worth dropped to $10.2 billion. According to the Bloomberg Billionaires Index, that pits him as the No. 11-richest billionaire in the tech sphere, behind James Goodnight, the co-founder of North Carolina-based software developer SAS Institute Inc. Memphis Business Journal
Submitted 1 years 262 days ago

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'Kiss In' planned by gay rights activists at Chick-fil-A restaurants
Gay rights activists and other supporters of marriage equality plan a national "Kiss In" at Chick-fil-A restaurants today to protest the fast-food chain owners' opposition to same-sex unions. According to the Associated Press, participants are encouraged to come to the fast-food chains and kiss a fellow demonstrator of the same sex. Birmingham Business Journal
Submitted 1 years 262 days ago

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Former Alabama Gov. Don Siegelman to be resentenced in federal court
MONTGOMERY -- After a six-year battle to overturn his conviction in a 2006 bribery case, former Gov. Don Siegelman returns to federal court this morning to be resentenced. U.S. District Judge Mark Fuller must decide a new sentence for Siegelman after the 11th Circuit Court of Appeals reversed Siegelman's conviction on two honest services fraud counts. al.com
Submitted 1 years 262 days ago

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Has London replaced Atlanta?
There is a consensus out there (I am told) that the 1996 Atlanta Olympic Games were “the worst Olympics ever.” Well, I don’t know about that. Sure, it was over-commercialized — Coca-Cola, a sponsor, was the only soft drink sold at its venues. But this was Atlanta. What would you expect? Dr Pepper? Sure, some of the images the organizing committee chose to stamp indelibility on our minds were, shall we say (as some did), “garish” — chrome pickup trucks? — but this was Georgia, which, as my buddy Jim has observed, Atlanta is “pretty good for.” Anniston Star
Submitted 1 years 262 days ago

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Amazon.com has unique position in sales tax fight
Amazon.com Inc. is the only online retailer supporting federal legislation that would require it and other online-only companies to collect sales taxes for customers' purchases. Currently, the companies only are required to collect those taxes in states where they have a physical presence. As Bloomberg reported, NetChoice — an industry group representing Internet companies such as eBay, Oracle Corp. and Facebook Inc. are fighting the measure. Business First
Submitted 1 years 262 days ago

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Florida's Panhandle sees lift from Airbus deal
(Reuters) - Florida's Panhandle expects spillover job gains from Airbus's planned $600 million airliner plant in Alabama that could ease local economic pain from looming cuts in U.S. military spending, a city mayor from the region said on Wednesday. Pensacola Mayor Ashton Hayward said he soon expects to announce a deal with an aerospace company that will bring more than 300 jobs to his city in northwest Florida that is near or home to six U.S. military facilities.
Submitted 1 years 262 days ago

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Squabble over Jasper economic development
(AP)RIDGELAND, S.C. -- Just who is in charge of economic development in Jasper County is the center of a squabble between the county and a local development alliance. The Island Packet of Hilton Head reports the county left the Lowcountry Economic Alliance earlier this year. Now the alliance accuses the county of hiring lobbyists who pushed a state budget provision that cost the alliance $600,000 in funds. Sacramento Bee
Submitted 1 years 262 days ago

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Florida behind in creating highly skilled workforce, study says
Florida will lag behind the nation in creating high-paying jobs and producing workers who can fill them, according to a study by Georgetown University released Tuesday. The analysis by the Center on Education and the Workforce says Florida isn't investing enough in education to improve its workforce and business mix, and the result is an imbalance of low-skilled, low-wage jobs. Sun Sentinel
Submitted 1 years 262 days ago

 

 

 

Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Reshoring manufacturing capacity from primarily Asia to the South and Mexico is now a common thing to do and it's all about money. When China joined the World Trade Organization in 2001, the average manufacturing wage in China's Pearl River Delta (PRD) was about 58 cents an hour.

 Randle Report - Business News in the South

 FEATURE  
By Dr. Glen Fenter
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     
By Mike Randle
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.
 
 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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