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BB&T, PNC among banks targeted by cyber attack
For the last week, hackers have — once again — attacked the online banking sites of several American banks. The attacks appear to be the second stage of a campaign that began in September, when a hacker group calling itself Izz ad-Din al-Qassam Cyber Fighters took credit for a series of attacks on the Web sites of Bank of America, Citigroup, U.S. Bank, Wells Fargo and PNC that caused intermittent delays. New York Times
Submitted 2 years 141 days ago

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Zaxby’s expects to hire more than 50 people with opening of sixth Huntsville location
Representatives with Zaxby's said the restaurant chain expects to hire more than 50 people when it opens its sixth Huntsville location. Birmingham Business Journal
Submitted 2 years 141 days ago

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7 ways startups mess up taxes
If you don't think about taxes until your company starts earning revenue, you've waited too long. While the IRS may not be especially interested in your company until you've been funded and have some capital, you need to think about taxes from the outset to avoid trouble down the line and to take advantage of deductions. Austin Business Journal
Submitted 2 years 141 days ago

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Regulatory revival near for U.S. energy industry
WASHINGTON – The energy industry is bracing for a suite of new environmental mandates and safety rules as President Barack Obama’s second-term administration flexes its regulatory muscle. Fuel Fix
Submitted 2 years 141 days ago

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Breathe easy: High-tech pollution controls keep TN plant busy
CLEVELAND, Tenn. — As revelers around the world rang in the new year last week, the workers and robots on Cormetech's factory floor here continued their around-the-clock production of a key element to help many people breathe a little easier. Chattanooga Times Free-Press
Submitted 2 years 141 days ago

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John Boehner’s tough road ahead
The 12 Republican rebels who last week refused to back John Boehner for speaker revealed how challenging it will be for Boehner to govern the House over the next two years. The conservatives don’t trust the speaker. They don’t think he cuts good deals. They believe he has repeatedly come away on the losing end of showdowns with President Barack Obama and has not delivered the results he’s promised. As a result, the Ohio Republican — for the moment — is dramatically weakened. Poltiico
Submitted 2 years 141 days ago

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GOP divided over government shutdown
A number of Republicans have said they’d be open to a partial government shutdown or a default on the country’s debts in order to secure larger spending cuts before raising the debt ceiling. But GOP leadership has been cagier on the subject. Salon
Submitted 2 years 141 days ago

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Middle TN's housing market warms, but U.S. economy is key
Realtor Josh Anderson just needs to look at his own home sales to see how Middle Tennessee’s housing market fared in 2012. The Keller Williams agent in Nashville said his office handled 175 home sales during the year, nearly twice as many as it did in 2011. Homes also sold more quickly and increasingly drew multiple offers, including one that fetched bids at 3 p.m. and 8 p.m. on Christmas Eve, he said. The Tennessean
Submitted 2 years 141 days ago

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Drought threatens to halt critical barge traffic on Mississippi
On a stretch of the Mississippi River, the U.S. Coast Guard has been reduced to playing traffic cop. For eight hours a day, shipping is allowed to move one way in the 180 miles of river between St. Louis and Cairo, Ill., depending on the hour. For the other 16 hours, boats go nowhere, because the river is closed to traffic. Washington Post
Submitted 2 years 141 days ago

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Charlotte-based BofA settles with Fannie Mae for $10 billion
Bank of America said Monday that it has reached a $10 billion settlement with federal mortgage issuer Fannie Mae over allegations of the improper handling of mortgages during the financial crisis. USA Today
Submitted 2 years 141 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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