Bookmark and Share Business News in the South from The Randle Report

 

Sign up for Randle Report Daily Emails for all The South's Business and Political News Follow Randle Report on Facebook for Business News in the South Follow Randle Report on Twitter for all The South's Business and Political News

 

 
1
Likes

Is the Apple Bubble Ready to Pop?
The manic swings in Apple (AAPL) shares lately are leaving investors reeling. Down $17, down $25, up $30, down $21. Even for a stock that’s seesawing around $600 a share, those point swings have been substantial: Down 2.8 percent, down 4.1 percent, up 5 percent, down 3.5 percent. In all, Apple stock has lost nearly 9 percent from its 52-week high of $644. What in the name of Tim Cook is going on? The Fiscal Times
Submitted 2 years 94 days ago

8
Likes

It's official: Town of Scott, La. is now 'Boudin Capital of the World'
BATON ROUGE -- The Lafayette Parish Town of Scott got what it came to the Legislature for: the designation as the Boudin Capital of the World. By a 34-0 vote, senators late Wednesday gave final approval to House Concurrent Resolution 41 by Rep. Stephen Ortego, D-Carencro, to honor the town for its role in the Cajun-Creole sausage-making culture. The resolution gives Scott bragging rights over other towns in the state that produce boudin. At one time, Jennings was referred to as the "boudin capital of the universe." Times-Picayune
Submitted 2 years 94 days ago

19
Likes

Obama honors Crimson Tide for BCS championship
WASHINGTON — (AP) President Barack Obama is honoring the University of Alabama football team for winning the BCS championship in January. It was the Crimson Tide's 14th championship. Alabama entered the game ranked second and beat top-ranked Louisiana State University 21-0. Obama says it was a "fun season to watch" but also a "deeply meaningful season" for the Crimson Tide. Obama praised the team for their efforts in the Alabama community, noting the importance of athletes helping rebuild Tuscaloosa, Ala., after devastating tornadoes touched down in April 2011. Montgomery Advertiser
Submitted 2 years 94 days ago

-4
Likes

Chattanooga loses Audi plant to Mexico
After a bit of drama and intense lobbying, Audi said it has decided to build a new automotive factory in Mexico rather than in Chattanooga where Volkswagen already makes the popular Passat. Audi said it hasn’t decided exactly where in Mexico to put its plant, but the facility will make SUVs starting in 2016. Sister brand Volkswagen has long had a plant in Puebla, Mexico, making cars for both the United States and Mexico. VW also opened its first production plant in the U.S. in decades about a year ago in Chattanooga, leading to recent speculation that Audi might build next door and give Tennessee one more jolt of auto industry jobs. That didn’t occur. Tennessee officials took the news in stride on Wednesday, saying that trade issues were the likely cause of the loss rather than a flaw in how the state courted the Audi project. USA Today via The Tennessean
Submitted 2 years 94 days ago

6
Likes

BP offers a warts-and-all tour of Louisiana coast cleanup
Mike Utsler stood on the bow of a bayou touring boat Wednesday and pointed at a section of marsh that was cleaned after the BP oil spill in the Gulf of Mexico. "If we dug down in there and pulled it back, I can almost guarantee you we'd find oil," he said. And there was no doubt about the presence of oil when the boat arrived in Bay Jimmy's "Area K," where BP hasn't cleaned yet. "That black, dark area is oil trapped under that grass," Utsler said. Times-Picayune
Submitted 2 years 94 days ago

3
Likes

Gov. Beebe supports AD Long in Petrino firing
LITTLE ROCK — Add Gov. Mike Beebe to the list of Jeff Long supporters in the wake of the Bobby Petrino firing. Beebe said today he supports the decision by the Arkansas athletic director. On his first day back at the state Capitol after a 12-day trip to China, Beebe described the entire ordeal as “sad.” “I certainly support what Jeff Long did and what the school’s administration did,” Beebe told reporters. “With all the stuff that came out, I don’t know that they had much of a choice. The governor said Petrino’s actions that led up to the firing “will leave a mark on the university, but what Jeff Long did will leave a bigger and more lasting mark.” Arkansas News Bureau. Coming this summer, RandleSportsReport.com.
Submitted 2 years 94 days ago

4
Likes

Man bites dog in banking industry
You don't often see high-ranking business executives suggest that it should be easier for their customers to leave them. But that, in effect, is what Sallie Krawcheck argues. Krawcheck, the former president of global wealth and investment management at Charlotte-based Bank of America, wrote a surprising opinion piece for Politico. In it, she makes a case that is unsettling to some of her former banking industry colleagues. Krawcheck argues that the Consumer Financial Protection Bureau should take dramatic steps to make it easier for consumers to switch banks. Many have been tempted to do so in recent years, but didn't because it was too much trouble. Krawcheck envisions a world with short descriptions of all bank products in plain English. More radically, when switching banks, customers could transfer account numbers and their direct-deposit and bill-pay information. And they could do it all without incurring fees. Charlotte Observer
Submitted 2 years 94 days ago

10
Likes

Rubio slips, refers to himself as 'vice president'
WASHINGTON — (AP) Florida Sen. Marco Rubio says he does not want to be vice president now and possibly never. But then he referred to himself as … vice president. Rubio was answering questions Thursday at a forum sponsored by the National Journal. He was asked repeatedly about his vice presidential aspirations and insisted he wants to remain in the Senate. As he explained why, he said that in several years "if I have done a good job as vice president …." He quickly corrected himself by replacing vice president with senator. It was unclear whether the slip was intentional. Rubio declined to answer reporters' questions afterward. Tampa Bay Times
Submitted 2 years 94 days ago

8
Likes

Florida's Rubio: Arizona Immigration Law is Not Model for Nation
Florida Sen. Marco Rubio said Thursday that he did not view Arizona’s crackdown on illegal immigration as a “model,’’ distancing himself from presumptive Republican presidential nominee Mitt Romney, who has embraced the legislation. The Cuban-American senator, who spoke at The University of Phoenix/National Journal's Next America’ forum in Washington, D.C., is viewed as a top name on Romney’s vice presidential shortlist. National Journal
Submitted 2 years 94 days ago

10
Likes

Kentucky Gov. Steve Beshear named `Person of the Year' [Opinion: The Arena]
Smack in the middle of the silly brouhaha going on at the special session of the General Assembly in Frankfort, our beloved governor has received some well-deserved accolades from a source distant from the Commonwealth’s political chaos. Governor Steve Beshear has been named “Person of the Year” by the national economic development publication Southern Business & Development magazine. Louisville.com
Submitted 2 years 94 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.


 


 

 

Kentucky
Southern Business & Development Southern Auto Corridor Small Town South Randle Report

Copyright ©2014 Randle Report
All of the South's Business News, Political News, and Economic Development News in One Place
Login