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Mortgage settlement scams hit Virginia
Virginians need to be cautious about scam phone calls or emails that have surfaced since the recent $25 billion mortgage settlement among 49 state attorneys general and the federal government with five of the nation's largest lenders. Virginia Attorney General Ken Cuccinelli said Thursday that there have been numerous reports of Virginia residents receiving scam phone calls in which the caller claims to possess a list of consumers who are eligible for money from the mortgage settlement. Richmond Times-Dispatch
Submitted 2 years 65 days ago

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Nissan production move means new jobs in Mississippi
Nissan’s Canton plant is on track to begin producing two new vehicles this fall and perhaps a new version of the automaker’s top-selling vehicle, while Toyota’s Blue Springs plant has started a second shift to build Corollas.
Submitted 2 years 65 days ago

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Birmingham-based Regions Financial Corp. could raise $700 million through share sale, analysts say
BIRMINGHAM, Alabama -- Regions Financial Corp. may sell $700 million in new shares to repay a government bailout after analysts predicted it would have to raise more, according to analysts at Deutsche Bank AG. "Until now, we have been assuming Regions Financial raises $1 billion of common," Matt O'Connor and Robert Placet, Deutsche Bank analysts, wrote in a note to clients. The Birmingham News
Submitted 2 years 65 days ago

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Vulcan Materials to sell assets amid defense of Martin Marietta takeover offer
BIRMINGHAM, Alabama -- Vulcan Materials Co., furiously fending off a hostile takeover offer, said today it plans to sell $500 million of assets to raise cash and reduce debt. Vulcan Chief Executive Don James said on a conference call with investors that the Birmingham-based company plans to sell unspecified surplus real estate and concrete, cement and crushed rock operations over the next year to 18 months. "We will use the proceeds to reduce debt and improve the overall credit profile," James said. The Birmingham News
Submitted 2 years 65 days ago

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LexisNexis owner to add 350 jobs in Cary, N.C.
Reed Elsevier, parent company of the legal information giant LexisNexis, today announced it would add 350 jobs to its Cary operations and invest $1.75 million in the area. The expansion will focus on building the marketing, sales, customer support and product development areas in the company's Wake County facility. NewsObserver
Submitted 2 years 65 days ago

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Texas may lack electricity to handle big summer heat wave, officials warn
AUSTIN — Top utility experts warned state leaders Thursday that electric companies may not be generating enough power to serve the state, especially if it sees another record-setting heat wave in the summer. Texas had its hottest summer on record last year and practically no rain, pushing the state’s electricity. The Dallas Morning News
Submitted 2 years 65 days ago

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Southern-built, foreign-owned and exported worldwide
The U.S. has lost 2.8 million jobs to China alone over the last 10 years. The vast majority of those jobs are in the manufacturing sector and SB&D estimates that over 1 million manufacturing jobs have been lost in the South to China in those 10 years. But the tide is turning and it is doing so fast. No where else is the return of manufacturing jobs to the South more visible than in the automotive industry, where vehicles built in the Southern Automotive Corridor are now being delivered all over the world at a pace never before seen. SouthernAutoCorridor.com
Submitted 2 years 65 days ago

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Florida's Emerald Coast prepares to welcome spring breakers (SCHEDULE)
Spring break is just around the corner, and the Emerald Coast is getting ready for the annual invasion of college students and families. “From week to week it’s different for the folks visiting us, and a lot of school calendars are reflective of that,” said Jon Ervin, director of marketing and communications with the Beaches of South Walton Tourist Development Council. “In general, in looking at the big markets for us, their breaks are starting around the 12th of March, so we should see traffic as soon as the first week of March.” Northwest Florida Daily News
Submitted 2 years 65 days ago

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Budget 'good news' for Florida's Kennedy Space Center


Submitted 2 years 65 days ago

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Panasonic to team with developer on planned Pflugerville solar farm, city officials say
The developer of a proposed solar farm east of Pflugerville appears to have found a partner to turn the idled project into reality, according to City of Pflugerville officials. City officials said late Thursday that they expect RRE Austin Solar, the developer of the proposed $200 million project, to team with Panasonic Enterprise Solutions Co. to start construction in June and begin commercial operations in June 2013. Austin American-Statesman
Submitted 2 years 65 days ago

 

 

 

Features & Opinion

 Top Ten Places in the South for Relocating California Companies

Reshoring manufacturing capacity from primarily Asia to the South and Mexico is now a common thing to do and it's all about money. When China joined the World Trade Organization in 2001, the average manufacturing wage in China's Pearl River Delta (PRD) was about 58 cents an hour.

 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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