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LNG report moves Houston export plans forward
The United States would see a net economic benefit with the increased export of liquefied natural gas, according to a long-awaited Department of Energy-commissioned report released on Dec. 5. Houston Business Journal
Submitted 1 years 289 days ago

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That's The Randle Report for December 5, 2012
Join us again tomorrow morning as we continue to bring you all of the American South's business, economic development and political news in real time and in one place. Use the sort buttons or the search window above to find your favorite stories from yesterday, last week, last month or last year. Also, click on the Sports tab above for all of the South's sports news in real time. Click on the headline to access Southern Business & Development magazine.
Submitted 1 years 289 days ago

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The rich will pay more taxes, Boehner says
Washington (CNN) -- Taxes on the wealthy are going up, House Speaker John Boehner conceded on Wednesday in challenging President Barack Obama to sit down with him to hammer out a deal for avoiding the fiscal cliff. Obama, however, continued to insist on Republicans first ensuring no tax hike for anyone but the top 2% of Americans as a first step toward a broader agreement on tackling the nation's chronic federal deficits and debt. The statements reflected how negotiations on the automatic spending cuts and tax hikes set to occur on January 1 -- the fiscal cliff -- have evolved since Obama's re-election last month.
Submitted 1 years 289 days ago

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Right-to-work issue inflames labor in UAW home
LANSING, Mich. (Bloomberg) -- Michigan, home to carmakers and the UAW, may ban mandatory union-dues payments if Republicans who run the Legislature pass such a law, making it the 24th U.S. right-to-work state. The issue has inflamed organized labor, which lost a costly ballot campaign in November to enshrine collective bargaining rights in the state constitution. Unions have urged members to visit the capitol personally to lobby lawmakers on the issue. “Right-to-work is on the agenda, we are having discussions on it,” Republican Gov. Rick Snyder told reporters in Lansing Tuesday after emerging from a meeting with the party’s legislative leaders. “We haven’t made any decisions.” Bloomberg via Automotive News. For more information on the South's automotive industry, go to www.SouthernAutoCorridor.com.
Submitted 1 years 289 days ago

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Feds funnel millions into Gulf Coast
HOUSTON — Days before a newly formed council focuses on long-term Gulf of Mexico cleanup, a report released to The Associated Press shows that one federal agency has committed more than a half-billion dollars to the region in the past two years, nearly one-fifth of it on projects directly linked to recovery from the 2010 oil spill. The U.S. Department of Agriculture's Natural Resources Conservation Service, one of the so-called "trustees" involved in divvying up projects and cash from a settlement with BP PLC, detailed in a progress report it will present next week at the meeting in Mobile, Ala., its Gulf Coast projects, the money it has invested and the acres impacted. The report was released to the AP in advance. The Advertiser
Submitted 1 years 289 days ago

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Alabama-based banks report big profit gain in 3Q
Alabama-based banks earned a cumulative $540 million in the third quarter, up 85 percent from $292 million during the same quarter last year, according to newly released Federal Deposit Insurance Corp. data. The 140 banks operating in the state reported a combined profit of $1.6 billion for the first nine months of 2012, compared to $747 million in the same period in 2011. The results do not include banks such as Wells Fargo, RBC Bank USA or BB&T which have their headquarters elsewhere. al.com
Submitted 1 years 289 days ago

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Pentagon ending United Launch Alliance monopoly on satellite launches
DECATUR, Alabama --The Pentagon is opening up competition for the boosters that launch its military satellites, effectively ending the monopoly held by the Boeing-Lockheed Martin partnership known as United Launch Alliance (ULA). ULA, which assembles its launch vehicles in a massive plant on the bank of Tennessee River in Decatur, will still provide most of the boosters the Pentagon buys over the contract period. According to multiple reports including Bloomberg news, the Air Force is being authorized to buy up to 14 boosters from suppliers such as SpaceX and Orbital Systems over the next five years. al.com
Submitted 1 years 289 days ago

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Shippers breathe easier as Mississippi River falls more slowly than predicted
ST. LOUIS — A revised Mississippi River forecast is offering a bit of a reprieve for shippers, showing the water level isn't dropping as quickly as feared. Still, at least two large barge companies already are reducing loads over concerns about the river's depth. The river at St. Louis on Wednesday was about 13 feet deep. The Coast Guard has said further restrictions on barge traffic are likely if the river dips to around 9 feet, though the decision is based on observation of conditions and not the level on the gauge. Memphis Commercial Appeal
Submitted 1 years 289 days ago

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Oklahoma Gov. Mary Fallin, Obama discuss fiscal cliff's state impact
Federal budget problems can't be solved by simply shifting all the costs to the states, Gov. Mary Fallin and delegation of fellow governors told President Barack Obama Tuesday. "We accept that there will be fewer federal resources in the future," Fallin said in a conference call after the White House meeting. "We governors believe that we have a real stake in the federal debate over fiscal issues and policies. ... We do have to balance our budgets. We can't print money in our various states." While the states can accept some federal budget cuts, Fallin said it is wrong for the states to bear a disproportionate share of the costs. Tulsa World
Submitted 1 years 289 days ago

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Alliance says it's topped a total $1 billion paid to Fort Worth area governments
FORT WORTH -- AllianceTexas, the 17,000-acre development in far north Fort Worth, has surpassed a total of $1 billion in property taxes paid to local governments over the project's 22 years, the developer's chief executive told the Fort Worth City Council on Tuesday. "I knew we were going to get close last year," Mike Berry, president of Hillwood Properties, said in an annual review of the public-private partnership. "This year, we made it." Star-Telegram
Submitted 1 years 289 days ago

 

 

 

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