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Forbes: FedEx cost-cutting plan is why jobs are scarce
FedEx Corp. released plans this week to improve profitability by $1.7 billion over the next three years, and investors and analysts have universally applauded the news. Well, almost. Forbes columnist Agustino Fontevecchia writes that FedEx, along with other companies, has managed to perform well throughout the weak recovery by reducing worker hours. Fontevecchia stopped short of calling FedEx greedy but makes the point that FedEx will become more profitable in spite of a slowing global recovery by trimming its payroll. Memphis Business Journal
Submitted 1 years 286 days ago

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Devon Energy to close Houston office, will affect 500 employees
Devon Energy Corp. said Thursday it will close its Houston office as part of its Oklahoma City consolidation plan. The plan will consolidate U.S. personnel into a single operations group at the company’s headquarters in Oklahoma City and transfer operational responsibilities for assets in south Texas, east Texas and Louisiana from the Houston office to its headquarters, Devon said in its Thursday statement. Houston Business Journal
Submitted 1 years 286 days ago

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Giving up in Alabama: Please, not another public-policy shrug
Maybe The Shrug is contagious. For much of his term in office, Robert “Gov. Shrug” Bentley has taken the path of least resistance as key functions of Alabama state government have crumbled. Not enough money to operate the state’s crime labs. Shrug, and shut the doors on several, including one in Anniston. A financial crisis in Medicaid. Shrug, and ask voters to raid a state trust fund to make ends meet. An upside-down tax structure that punishes Alabama’s poorest and rewards its wealthiest. Shrug, and boast about how you’re going to cut the budget even more. Anniston Star
Submitted 1 years 286 days ago

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Big Bird Ducks Politics for Now, May Run in 2013
Whoever thought Big Bird and Sesame Street would be ruffling feathers on Pennsylvania Avenue? At a time when the country’s rising debt is now $53,000 for every man, woman and child, any program – no matter how popular – seems to be fair game for the chopping block. The government gives $400 million a year to the Corporation for Public Broadcasting, which funds NPR and PBS. This is small change by federal standards. The Fiscal Times
Submitted 1 years 286 days ago

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World economy to improve only slightly next year: Reuters poll
(Reuters) – Next year offers only a slight improvement for a global economy hit by recession in Europe and slowing or moribund growth in Asia and the United States, according to Reuters polls of hundreds economists worldwide. After reaching 3.1 percent this year, world economic growth is expected to hit 3.4 percent in 2013, polls released on Thursday said – a slight cut from July’s poll and slower than the International Monetary Fund’s latest forecasts of 3.3 percent and 3.6 percent.
Submitted 1 years 286 days ago

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Five bidders for ThyssenKrupp steel mills -paper
(Reuters) - ThyssenKrupp has closed the first round of bidding in the sale of its steel mills in Brazil and the United States, with at least five parties still interested in acquiring one or both of the assets, a German newspaper reported on Wednesday. Without citing sources, Die Welt reported that steelmakers Posco of Korea and Japan's JFE Steel Corp. were among the companies that are still in the bidding process.
Submitted 1 years 286 days ago

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BP and U.S. reportedly near oil spill settlement
BP Plc and the U.S. Department of Justice reportedly are close to a settlement to resolve civil and criminal liabilities related to the Deepwater Horizon disaster, people familiar with the situation told the Wall Street Journal. Sources told the Journal that the two sides have stepped up negotiations over a combined settlement during the past two weeks and are closer to an agreement, though they cautioned that the potential deal could still fall through. BP declined to comment to the Journal. Houston Business Journal
Submitted 1 years 286 days ago

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Along Gulf Coast, a Downside to Surging Oil Production
Oil production along the Gulf Coast has helped cut U.S. crude imports by 20 percent since 2005. But environmentalists say the increased production isn't without drawbacks, including strain on the state's rail, pipeline and highway systems. Texas Tribune
Submitted 1 years 286 days ago

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Perry’s Fixed-Rate Tuition Given Poor Marks in Georgia
Texas Governor Rick Perry is promoting fixed-rate tuition plans for all four-year state colleges and universities, an approach abandoned by schools in Georgia and Michigan because of declining budget support. The Republican is pitching the concept after lawmakers from his party cut about $1 billion from higher education in the two- year budget through September 2013. Spending reductions made in Atlanta derailed the Georgia program after just three years. Bloomberg Businessweek
Submitted 1 years 286 days ago

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POLITICO Playback


Submitted 1 years 286 days ago

 

 

 

Features & Opinion

 Top Ten Places in the South for Relocating California Companies

In growth, companies find themselves in the dilemma of identifying capital to increase capacity and managing opportunity cost where capital may be deferred. This dilemma is amplified as capacity constraints drive a company to complete the site selection process for an expanding or new facility. 
 

 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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