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2013 Paris Air Show: Airbus scores several multibillion dollar orders on day one
Airbus won day one of the 2013 Paris Air Show over archrival Boeing Co., booking multibillion dollar orders for both its A380 superjumbos and its more fuel-efficient single-aisle A320 family aircraft. al.com
Submitted 2 years 14 days ago

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Gas explosion reported in Washington Parish, Louisiana
An explosion at a gas line or gas plant about 80 miles north of New Orleans knocked out power to about 10,000 customers on Tuesday, according to local reports. The explosion occurred in the town of Enon, according to the reports. The sheriff's office in Washington Parish said its officers and other first responders were on the scene of the explosion. Chicago Tribune
Submitted 2 years 14 days ago

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That's The Randle Report for Monday, June 17, 2013
Join us again tomorrow morning for 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 2 years 15 days ago

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Here's how Aerojet Rocketdyne might bring 5,000 new aerospace engineering jobs to Huntsville
HUNTSVILLE, Alabama - When the president of the newly formed Aerojet Rocketdyne aerospace company told state leaders at the Paris Air Show Sunday that a new NASA rocket engine could mean 5,000 engineering jobs for Huntsville, he got people excited. Here's what Warren Boley was talking about and why he's bullish on the new company's future in Alabama. Aerojet, one of the two aerospace giants making up the new Aerojet Rocketdyne, has one of four contracts NASA has awarded for studying the next-generation propulsion system America will need to go to Mars. Pratt Whitney Rocketdyne, the second part of the new company, is the major subcontractor for another of those contracts held by Dynetics of Huntsville. That gives Aerojet Rocketdyne a big role in two of the candidates for next big engine. al.com
Submitted 2 years 15 days ago

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Why we should speed U.S. gas exports
When President Obama meets with Russian President Vladimir Putin at the Group of Eight meeting this week, there should be a spotlight on our two nations’ drastically different approaches to natural gas exports. While Russia continues to export natural gas and dominate the European market, the United States continues to slow-walk approval for natural gas exports. Our slow and sluggish process is affecting U.S. economic and national security. While traveling recently to Azerbaijan, the Persian Gulf and Eastern Europe to research energy issues, I witnessed the heavy hand of Russian influence and oppression. Russia’s control of the natural gas market and prices results in some of our allies paying exorbitant rates. Expensive energy limits their economic competitiveness and their citizens’ quality of life. The high prices Russia receives for exported energy also strengthen Putin at home. And a stronger Putin and a dominant Russia do little to advance U.S. interests. The Washington Post
Submitted 2 years 15 days ago

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Donaldsonville explosion: With Southern industrial boom come dangers
Back-to-back explosions at chemical plants only miles apart along the Mississippi River have given pause to those who live in the shadows of America’s dirtiest industries. On Thursday, an explosion at a chemical plant in Geismar, La., owned by Williams Cos. Inc. led to two deaths and injuries – some serious – to dozens of others. Then late Friday, another explosion at a chemical plant just a few miles away in Donaldsonville claimed one life and injured eight people after a nitrogen tank exploded during an offload. "The incident involved the rupture of an inert nitrogen vessel during the off-loading of nitrogen," a news release from the company, CF Industries, said. "There was no fire or chemical release nor is there any threat or hazard posed to the community." Hundreds of industrial plants, many that either produce or consume poisonous and explosive chemicals, line rivers and bayous throughout the South, but in few places as heavily as around New Orleans and the Mississippi River. Christian Science Monitor
Submitted 2 years 15 days ago

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Texas Gov. Rick Perry goes job poaching in Connecticut
STAMFORD, Conn. — Texas Gov. Rick Perry is bringing his job-poaching tour of the Northeast to Connecticut. Perry is scheduled to speak Monday evening at the Ferguson Library in Stamford as part of the city’s “Civility in America Speaker Series.” Perry began a five-day visit to New York and Connecticut Sunday. He has been traveling the country trying to lure jobs to Texas, including recent trips to California and Illinois. The president of West Hartford-based Colt Manufacturing, Dennis Veilleux, says he’s pleased to host Perry’s visit to Connecticut. Dallas Morning News
Submitted 2 years 15 days ago

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Mississippi poised to end year with "substantial" surplus
JACKSON – House Appropriations Chair Herb Frierson, R-Poplarville, said the state is poised to end the fiscal year later this month with a “substantial” surplus, based on May tax collections. For May, the state collected $170.9 million, or 44.5 percent, more than the amount the state’s fiscal leaders projected would be collected. Those official projections were used during the 2012 legislative session to fund state government for the current fiscal year. “It will probably be substantial,” Frierson said of the ending cash balance due to revenue exceeding projections. “Just guessing, without my spreadsheets in front of me, it might be $300 million.” Northeast Mississippi Daily Journal
Submitted 2 years 15 days ago

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Mississippi not 'tired' of Yokohama
Since the recent announcement that tire manufacturer Yokohama Tire Company would be locating a plant in Clay County, area distributors have noticed an increased demand for the brand. Although the West Point plant will not make passenger car and light truck tires when it begins production in 2015, the company's decision to locate in Clay County has been met with enthusiasm. Customers of George's Tire in West Point are specifically ordering Yokohama's car and light truck tires, according to owner Todd Glusenkamp, who said he has seen an overall sales increase of about 20-to-30 percent since he started distributing Yokohama tires just over a month ago. "It has really taken off. That's my top seller right now. Everybody in West Point is really on fire about it," Glusenkamp said. "They really want to support it. I never thought anything about it because they're going to do the commercial truck tires at first. I never thought anything about the passenger and small truck stuff." Columbus Dispatch
Submitted 2 years 15 days ago

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Canfield: Alabama has productive day at Paris Air Show
A delegation of Alabama business recruiters had a productive day at the Paris Air Show today, as they met with a dozen aerospace companies that could bring new jobs to the state. About half of the companies that Gov. Robert Bentley and other economic developers met with already have operations in Alabama, and about half of those say they may expand, said Greg Canfield, secretary of the Alabama Department of Commerce. The other companies have no presence in the state, he said. Those helping sell Alabama at the show, which draws aerospace company executives from around the world, today included Speaker of the House Mike Hubbard and Chuck Karr, dean of the College of Engineering for the University of Alabama. al.com
Submitted 2 years 15 days ago

 

 

 

Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Urban areas have all kinds of assets that are easy to spot. They have the population, so the labor shed is not usually an issue. Urban areas are also connected by better roads, rail and air service and many have river and deep water ports. Usually Internet access and other forms of communication are more efficient in urban areas. And you have a larger array of quality of life options to choose from, such as the cultural assets found in metropolitan areas.
 

 Randle Report - Business News in the South

 FEATURE  
By Stacy Randle
Demographer Wendell Cox recently analyzed the largest gains in holders of bachelor's and post-graduate degrees between 2007 and 2012 in the 51 metro regions in the U.S. of 1 million residents or more. The results were published in Forbes magazine and the South dominated the ranking.
 

 Business News in the South - Randle Report

FEATURE     
After I finished the cover story for this issue, I read an interesting article by economist Paul Krugman, the op-ed columnist for the New York Times, titled, "Partying like it’s 1995." Generally I side with Krugman, even though I am a journalist, not an economist. Occasionally, though, I read some of his stuff and ask myself, "What planet did Krugman come from?" Like when he predicted a shift of automotive assembly to Canada after Toyota announced a new plant in Woodstock, Ontario in 2005 because of "free healthcare," among other benefits. That Toyota deal was the last major automotive assembly plant announced in Canada and I predict it will be the very last one for the Canadians.
 
 Nashville Mayour Karl Dean
If you have ever seen one of my presentations, then you know about the word "reshoring" and how that phenomenon has lifted the spirits of even the most skeptical Southerners regarding the future of the region's economy. After all, in the last four decades, manufacturing has suffered a bloodletting never before seen in U.S. history. The biggest factor behind the slow and long meltdown that began in the 1990s was the herd mentality to offshore manufacturing capacity to cheaper locales, primarily by U.S.-owned companies.
 


 

 

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