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Macy's, Wal-Mart among holiday retail winners- Merchants expected to ring up $469.1 billion, or a rise of 3.8 percent
Macy's Inc, Wal-Mart and others continue to get high marks from Wall Street as the busy season draws to a close, while Sears Holdings Corp proved that it was really not a jolly holiday for all stores. Sears said it would close dozens of Sears and Kmart stores after seeing sales at its existing locations drop 5.2 percent from the beginning of the quarter through Christmas. Its shares plunged 21 percent on Tuesday. Jessica Wohl and Phil Wahba, Reuters
Submitted 1 years 148 days ago

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A new design for the Nissan Pathfinder? Assembled in Smyrna, Tennessee, the Pathfinder is Nissan’s flagship vehicle.
The 2013 Nissan Pathfinder Concept is not even out yet--it was just announced for a Detroit Auto Show debut today--and already our spies have caught it testing on U.S. roads. It's still heavily disguised, but we can derive a few details from the shots. motorauthority.com
Submitted 1 years 148 days ago

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Giant prawn invaders threaten Gulf ecosystem
HOUSTON: A jumbo shrimp is causing big worries about the future of the Gulf of Mexico's ecosystem. The Asian tiger prawn, a 30-centimetre-long crustacean with a voracious appetite and a proclivity for disease, has invaded the northern Gulf, threatening native species, from crabs and oysters to smaller brown and white shrimp. Houston Chronicle
Submitted 1 years 148 days ago

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2012 Kentucky Legislative Preview | Expanded gambling proponents think now may be their best shot
FRANKFORT, KY. — Editor’s note: This is the first in a series of stories profiling major issues that will be considered in the 2012 regular session of the Kentucky General Assembly that begins Jan. 3. After a decade of legislative defeats, proponents of expanded gambling believe they have their best chance to win approval of a constitutional amendment that could allow casinos at racetracks or other locations. Democratic Gov. Steve Beshear’s landslide win over Republican Senate President David Williams in this year’s election has emboldened supporters of expanded gambling, which is viewed as a way to help Kentucky’s horse industry while providing needed revenue to state government. Louisville Courier-Journal
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Kentucky-based Jim Beam takes shot at boosting tourism


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Avoiding 'Divorce' in China Joint Ventures
It takes a lot of trust and communication to keep both sides happy, Mr. Wang told GlobalAtlanta at the motor factory he runs in Changzhou, China. Mr. Wang should know: he tied the knot with Atlanta-based East West Manufacturing seven years ago, and both firms count the relationship as one of their most important business decisions. East West invested $250,000 in Changzhou Baojie Electric Motor Manufacturing Co. Ltd., or CBM, in 2004 to take a 25 percent equity stake in the company. The investment has paid for itself 10 times over and continues to earn returns, said Scott Ellyson, East West's CEO. Global Atlanta
Submitted 1 years 148 days ago

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Kumho says it still plans Macon, Ga. plant
A delegation from Kumho told local officials this week that the Korean tire maker remains committed to building its long-delayed $225 million plant in Macon. The company, however, stopped short of setting new start and completion dates, saying that depended on the economy and creditors. “It is their expressed intent to build that plant and to build it here,” said Macon-Bibb County Industrial Authority attorney Kevin Brown at the authority’s Wednesday meeting. “It’s costing them money not having that plant here. They need this in the United States.” The 1.3 million-square-foot Macon plant would be Kumho’s first outside of Asia. Construction of the plant, which would bring about 450 new jobs, was delayed in 2008, then again in 2009. The most recent projected opening date had been 2013 until the company said recently that the project had been delayed again. Macon Telegraph
Submitted 1 years 148 days ago

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Who gets your digital assets when you die?
SACRAMENTO, Calif. — When most people think about bequeathing their belongings, it’s the obvious: the house, the car, bank accounts, the sentimental family mementos. But what about our online “stuff”? With so many of us emailing, blogging, tweeting, Facebooking, eBaying and otherwise living online, it’s clear that a huge portion of ourselves resides on the Web. “Go through a day and think about how many things you do on the Internet. ... What happens to that virtual life when real life ends?” said Amy Halloran, a Sacramento estate planning attorney. Savannah Morning News
Submitted 1 years 148 days ago

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Southwest, AirTran make progress on labor deals in merger
Employees at Southwest Airlines and AirTran Airways hit two milestones as work forces are combined following the merger of the two carriers. Dallas-based Southwest announced Friday that flight instructors from Southwest and AirTran have reached a tentative agreement to combine employee seniority lists. Southwest's flight instructors are represented by the Transport Workers Union, while AirTran's flight instructors are non-union. Reaching the negotiated deal for the 70 flight instructors at Southwest and the 18 flight instructors at AirTran avoids arbitration, Southwest said. Atlanta Journal-Constitution
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Metro Atlanta jobless rate tumbles


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Features & Opinion

 

We thought this Top 10 was timely after hearing about Texas Gov. Rick Perry's radio ad campaign in the winter quarter that targeted California companies. In the ad, which ran on stations throughout the Golden State, Perry says, "Building a business is tough, but I hear building a business in California is next to impossible." With that in mind, here are ten great locations in the South for relocating California companies.

 

 

 FEATURE  
By Mike Randle
That headline represents the first eight words to the song titled "Mexican Radio" by the band Wall of Voodoo. The big hit from 1982 (No. 58 U.S. and No. 18 Canada) that was played about a dozen times a day on MTV in the music video era is awesome. The song was popular with the creative class (before anyone knew what the creative class was until Richard Florida told us), is often heard today on some of the most listened-to Internet stations such as Radio Paradise. Go ahead and buy some Mexican Coke at Sam's (that would be Mexican Coca-Cola), sit back, bring up "Mexican Radio" on YouTube and enjoy.
 

 

FEATURE     
By Mike Randle
Do you think it was a coincidence that after Airbus broke ground on its $600 million, 1,000-employee A320 plant in Mobile, Ala., on April 8, that Boeing topped that deal by announcing it would invest another $1 billion and add 2,000 workers at its new 787 Dreamliner plant in Charleston, S.C., just 24 hours later?
 
 
Editor's note: This article was the cover story of the latest edition of Southern Business & Development magazine, the parent company of The Randle Report. "It's good to be Nashville right now," said Nashville Mayor Karl Dean in a wonderful story about his city titled, "Nashville's Latest Big Hit Could Be the City Itself," published in the January 8, 2013 edition of The New York Times. The piece began with this: "Portland knows the feeling. Austin had it once, too. So did Dallas. Even Las Vegas enjoyed a brief moment as the nation's ‘it’ city. Now, it's Nashville's turn."
 


 

 

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