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Saints owner Tom Benson says he wants to buy The Times-Picayune
Tom Benson, owner of the New Orleans Saints and the Hornets, has written a letter to one of the owners of The Times-Picayune expressing his interest in purchasing the newspaper. In a July 25 letter to Steve Newhouse, who is a member of the family that owns the paper, Benson seeks a meeting to discuss purchasing the paper. "If this is something that is an option, we can initiate this at your earliest convenience," Benson says in his letter. Times-Picayune
Submitted 1 years 267 days ago

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New Orleans City Council passes resolution urging the Times-Picayune to remain a daily
The New Orleans City Council unanimously urged the owners of The Times-Picayune Thursday to keep publishing seven days a week in the face of their decision to cut publication to three days weekly. "The long and short of it is we all agree The Times-Picayune should be in business all the time, in the print business, and delivered seven days a week," Council President Jackie Clarkson said. "We don't think a major city like New Orleans should be without its newspaper." Times-Picayune
Submitted 1 years 267 days ago

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Baton Rouge gains 3,800 jobs, Lafayette outpacing state
Manufacturing and construction helped give the Baton Rouge metro region some 3,800 more jobs in June than it had the year before, the Louisiana Workforce Commission reported Thursday. Five of the state’s eight metro regions showed nonfarm job growth in June, with Alexandria and Monroe posting losses from a year ago while Lake Charles was flat. Lafayette continues to outpace the rest of the state in job growth, picking up 15,300 jobs over the 12-month period, an increase of 10.2 percent, according labor market data. Theadvocate.com
Submitted 1 years 267 days ago

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Savannah-based Gulfstream reports second quarter growth
With double-digit growth in both revenue and operating earnings, Savannah-based Gulfstream Aerospace continued to be the bright spot for corporate parent General Dynamics, which Wednesday reported a drop of nearly 3 percent in second-quarter earnings. “Gulfstream continues to enjoy a sizeable multiyear large-cabin order backlog in a robust order pipeline,” company CEO Jay Johnson told investors and analysts in a morning conference call. Savannah Morning News
Submitted 1 years 267 days ago

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The disturbing attacks on Atlanta-based Chick-fil-A
There’s one part of Chick-fil-A President Dan Cathy’s recent remarks that the left seems especially intent on disproving: the part where he said, … we live in a country where we can share our values and operate on biblical principles. The rest of Cathy’s comments, if you haven’t already heard, concerned his opinion of the propriety of gay marriage from a biblical perspective. As retribution for his voicing this opinion, some liberals in Chicago and Boston want to deny Cathy and his company the right to operate in their cities. This is disturbing on a number of levels, two in particular. Atlanta Journal-Constitution
Submitted 1 years 267 days ago

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Georgia Ports Authority seeks to enter Savannah River suit
CHARLESTON, S.C.—The Georgia Ports Authority wants to enter a federal lawsuit challenging the $650 million deepening of the Savannah River shipping channel. The authority also wants to block the Savannah River Maritime Commission, a South Carolina state agency, from being involved in the case. U.S. District Judge Richard Gergel on Thursday gave parties in the case until Aug. 6 to respond to the Georgia ports motion. The suit filed by environmental groups says the U.S. Army Corps of Engineers needs a South Carolina pollution permit before the project can start. The suit alleges toxic cadmium from river silt will be dumped on the South Carolina side of the river. Maritime interests want the channel deepened to handle larger ships that will routinely call in Savannah when the Panama Canal is deepened. Atlanta Journal-Constitution
Submitted 1 years 267 days ago

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NOVA’s major defense contractors plan rally against federal cuts
Virginia-based aerospace and defense companies will join forces next week with elected officials in a show of support against $1.2 trillion in “sequestration” cuts expected to hit the U.S. military and other government operations in January. Organizing and headlining Monday’s July 30 event will be some of Northern Virginia’s major defense companies. Randy Belote, vice president of strategic communications for Northrop Grumman Corp., said his company along with General Dynamics, SAIC, ITT Exelis, BAE Systems, ATK and Rolls Royce have been engaged in planning a Stop Sequestration Rally, which will be held from 4 to 5 p.m. in the ballroom of the Crystal Gateway Marriott in Arlington. The media is invited to the rally. Virginia Business
Submitted 1 years 267 days ago

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Virginia banks receive top honors in Bank Director magazine rating
Two Virginia banks have received top rankings in Bank Director magazine’s annual scorecard of the country’s best performing publicly traded banks. The 2012 Bank Performance Scorecard ranked Mclean’s Capital One Financial Corp. as first among banks above $50 billion in assets while Blacksburg’s National Bankshares, Inc. ranked third among banks between $1 billion and $5 billion in assets. Rankings were based on 2011 results. Virginia Business
Submitted 1 years 267 days ago

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Company opens Hanover plants to make track carriers
A manufacturer of equipment used in construction and drilling projects has opened two plants in Hanover County that are expected to create about 50 jobs over three years. Morooka America, a subsidiary of the Richmond Group LLC, is operating the production plants under a licensing agreement with Japan-based Morooka Co. Ltd. The carriers transport people and equipment in rugged or wet terrain that other utility vehicles cannot reach. The equipment is used by pipeline builders, utility contractors, landfill operators and mining companies, among others. Richmond Times-Dispatch
Submitted 1 years 267 days ago

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CenturyLink to deploy broadband in rural Va.
More than 2,700 homes or businesses in rural Virginia that don't have access to high-speed Internet will be able to get service under a federal subsidy program that kicked off Wednesday. Telecommunications provider CenturyLink Inc. said it is planning to use $2.1 million from the Federal Communications Commission's "Connect America Fund" to deploy broadband in rural areas that would reach more than 7,000 people. The Virginia funding is a part of $300 million set aside by the FCC to subsidize the extension of broadband service in underserved areas of the nation. So far, a dozen carriers nationwide have accepted about $115 million from the first phase of funding to build infrastructure in 37 states. The carriers will contribute their own money to extending service, too. Richmond Times-Dispatch
Submitted 1 years 267 days ago

 

 

 

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Features & Opinion

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 Randle Report - Business News in the South

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 Business News in the South - Randle Report

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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.
 
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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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