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Union: Don't blame us for Hostess plant closings
After Hostess Brands announced Monday that is was closing three bakeries as a result of a union strike, the union is calling the Twinkie maker's bluff. Hostess said Monday it was immediately closing its St. Louis factory, which employs 365; its Seattle facility, which employs 110; and its Cincinnati facility, which employs 152. Hostess CEO Greg Rayburn said in a statement released Monday that the company has “repeatedly explained” that it will “close facilities that are no longer able to produce and deliver products because of a work stoppage — and that we will close the entire company if widespread strikes cripple our business.” St. Louis Business Journal
Submitted 1 years 291 days ago

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Obamacare will cost Tennessee more than $1 billion in first 5½ years
NASHVILLE — The federal health reform law will cost the state up to $1.4 billion in its first 5½ years, most of which will be incurred even if Tennessee doesn't create its own health insurance exchange or expand its TennCare/Medicaid program, TennCare officials said Tuesday. Gov. Bill Haslam must notify the federal government by Friday if he plans to create a state-level health insurance exchange or defer to a federally run exchange, which could cost the state even more in the long run and without any state control. The governor said he's awaiting answers from Washington on details of state control before deciding, but seemed to be leaning toward a state exchange in his remarks during and after TennCare's budget hearing Tuesday. Commerical Appeal
Submitted 1 years 291 days ago

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Oberto plans Nashville production facility, 300 jobs
Seattle-based Oberto Brands will open a production facility in Nashville in the first half of 2013, the company announced today, creating 300 jobs. According to Oberto, the new facility will join Oberto's existing 170,000-square-foot production facility at its headquarters in Kent, Wash. "We chose Nashville as the location for Oberto's new production facility because of its great business climate and incredible workforce," said Tom Ennis, CEO of Oberto Brands, in a statement. Nashville Business Journal
Submitted 1 years 291 days ago

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Georgia leads nation in power from outdated coal units
Georgia tops all other states for the amount of power it generates from coal-burning units that are “ripe for retirement” because they aren’t cost-effective, according to a Union of Concerned Scientists report issued Tuesday. The report compared the cost of upgrading pollution controls at old coal-fired units to the cost of shutting down those units and switching to natural gas or cleaner sources such as wind power. Macon Telegraph
Submitted 1 years 291 days ago

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Voting in the South: The Supreme Court’s review of Voting Rights Act needs open minds
Meet conservative activists on the U.S. Supreme Court, who have shown a willingness to take on cases on which their conservative constituents have long wanted a ruling. Previously, they agreed to hear challenges to affirmative-action laws. Now the majority of the members of the court — or maybe all of them; the vote was in secret — have agreed to hear a challenge to the provision of the 1965 Voting Rights Act. That act required much of the South — states, cities and counties — to get advanced approval, or “pre-clearance,” from Washington before it can make any changes in election laws and voting rules. Anniston Star
Submitted 1 years 291 days ago

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Bentley: No to health insurance exchange
BIRMINGHAM (AP) — Alabama's governor said Tuesday the state won't create a health insurance exchange under the federal Affordable Care Act or use the law to expand Medicaid to cover more low-income Alabamians. Republican Gov. Robert Bentley told the Birmingham Business Alliance that he expects at least half of the states to make the same decision in an effort to force Congress to make changes in what he called "the worst piece of legislation passed in my lifetime." Friday is the deadline for states to notify President Barack Obama's administration whether they will create a state exchange or let the federal government implement one for them. Anniston Star
Submitted 1 years 291 days ago

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Gov. Robert Bentley: No secession for Alabama
A spokeswoman for Gov. Robert Bentley said today that the governor would not support a petition for Alabama to secede from the U.S. government, saying states should work together to build a better nation. Bentley, a Tuscaloosa Republican, was responding to a petition filed Friday on the White House web site. The document gained more than 20,000 signatures as of Tuesday night, approaching the threshold of 25,000 signatures that would trigger an official response from the Obama administration. al.com
Submitted 1 years 291 days ago

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Ron Paul: 'Probably zero' chance of grand bargain
Rep. Ron Paul (R-Texas) said Tuesday that there is probably a ”zero percent” chance of congressional leaders reaching a grand bargain on the looming fiscal cliff. Asked on Bloomberg Televistion whether he thinks there’s a chance for grand bargain, the former GOP presidential candidate said: “Probably zero.” Paul said Congress can delay fiscal decisions in January. “They can postpone big decisions in January and yet that still does not remove the uncertainty,” Paul said. “Uncertainty is a major cause of the inability for the market to get moving again and they have to revamp it in a much more detailed fashion than they are even talking about right now.” Politico
Submitted 1 years 291 days ago

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U.S. Workers’ Biggest Gripes
Americans like their co-workers, and even their bosses, but hate the stress that comes with their jobs. And they aren’t thrilled with their paychecks either. The results of a Gallup poll released Monday find that most U.S. workers are less than completely satisfied by most aspects of their jobs. A shocker, we know. Employees are most satisfied with the physical safety conditions at their workplace and are similarly happy with their coworkers. Of the 13 aspects of their jobs Gallup asked about, workers are least satisfied with the amount of stress their work entails and – another shocker here – the amount of money they make. The Fiscal Times
Submitted 1 years 291 days ago

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Warehouse Development May Finally Ramp Up as Supply of Big Box Space Recedes
Demand for U.S. warehouse space continued to putter along in the third quarter, with companies making fewer leasing decisions in the face of mixed economic signals that include lackluster job growth in manufacturing and other sectors impacting industrial real estate. However, the lack of robust absorption in recent quarters hasn't stopped developers from dipping their toes back into the warehouse market to fill a heightened demand for big-box warehouse space, with about 47.1 million square feet of total warehouse projects under way in 86 markets, up 3% over last year. CoStar Group
Submitted 1 years 291 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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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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