Business http://kut.org en Meet Two African Women at UT With Ideas for Improving Access to Some Basic Needs http://kut.org/post/meet-two-african-women-ut-ideas-improving-access-some-basic-needs <p>Some young people in Africa are struggling with problems that many Americans take for granted – including serious unemployment and access to basic needs.</p><p>A group of 25 young Africans from 18 different countries have been <a href="http://world.utexas.edu/features/yali" target="_blank">at UT-Austin this summer</a> to bring to life their business plans for addressing some of the challenges in their countries.</p><p>It’s part of President Obama’s <a href="https://youngafricanleaders.state.gov/" target="_blank">Young African Leaders Initiative</a>. The national program is in its fourth year but this is the first time participants have spent time at a university prior to a summit in Washington.</p><p><iframe frameborder="no" height="166" scrolling="no" src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/159779558&amp;color=ff5500&amp;auto_play=false&amp;hide_related=false&amp;show_comments=true&amp;show_user=true&amp;show_reposts=false" width="100%"></iframe></p><p> Tue, 22 Jul 2014 12:51:33 +0000 Laura Rice 10823 at http://kut.org Meet Two African Women at UT With Ideas for Improving Access to Some Basic Needs Benefit Corporations Look Beyond The Profit Motive http://kut.org/post/benefit-corporations-look-beyond-profit-motive A corporation has one core obligation: to make money. But some companies are signing a deal, promising to create not only profit but also a tangible benefit to society and the environment. They're called benefit corporations, and their movement has caught the ear of lawmakers across the country.<p>In the tiny town of Gilsum, N.H., you'll find the headquarters of W.S. Badger Co. Inc. The company makes all-natural cosmetics marketed under the name Badger Balm. When CEO Bill Whyte founded the company two decades ago, the staff was lean.<em></em><p>"Early on, I started making soup on Friday. Wed, 18 Jun 2014 14:17:48 +0000 Jack Rodolico 10627 at http://kut.org Benefit Corporations Look Beyond The Profit Motive Report: Stratfor Hack Orchestrated by FBI Informant http://kut.org/post/report-stratfor-hack-orchestrated-fbi-informant <p><span style="line-height: 1.5;">The computer hack of Austin-based&nbsp;</span><a href="http://www.stratfor.com/" style="line-height: 1.5;">Stratfor</a><span style="line-height: 1.5;"> in 2011 resulted in credit card numbers and damaging emails being leaked online. A </span><a href="http://www.dailydot.com/politics/hammond-sabu-fbi-stratfor-hack/" style="line-height: 1.5;">new investigative report from the Daily Dot </a><span style="line-height: 1.5;">examining still-sealed court records found that the FBI knew about the hack, because one of its informants helped to orchestrate it.</span></p><blockquote><p>In addition to directly facilitating the breach, the FBI left Stratfor and its customers—which included defense contractors, police chiefs, and National Security Agency employees—vulnerable to future attacks and fraud, and it requested knowledge of the data theft to be withheld from affected customers. This decision would ultimately allow for millions of dollars in damages.</p></blockquote><p>Daily Dot reporter Dell Cameron was a lead reporter on the story. Listen our interview with him here.</p><p><iframe frameborder="no" height="166" scrolling="no" src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/153950749&amp;color=ff5500&amp;auto_play=false&amp;hide_related=false&amp;show_artwork=true&amp;show_comments=true&amp;show_user=true&amp;show_reposts=false" width="100%"></iframe></p><p> Wed, 11 Jun 2014 23:57:14 +0000 Nathan Bernier 10583 at http://kut.org Report: Stratfor Hack Orchestrated by FBI Informant Saying It Was Hacked, EBay Urges Users To Change Passwords http://kut.org/post/saying-it-was-hacked-ebay-urges-users-change-passwords Online marketplace eBay says it was the target of a cyberattack in which hackers accessed a database of its encrypted passwords. Wed, 21 May 2014 17:36:36 +0000 Bill Chappell, NPR 10465 at http://kut.org Saying It Was Hacked, EBay Urges Users To Change Passwords AT&T To Acquire Broadcast Provider DirecTV http://kut.org/post/att-acquire-broadcast-provider-directv Telecommunications giant AT&T and DirecTV <a href="http://about.att.com/story/att_to_acquire_directv.html">announced Sunday</a> that the two companies had reached a definitive agreement which would see AT&T acquiring the broadcast service provider.<p>AT&T is buying DirecTV for about $48.5 billion, reports <em>The</em> <em>New York Times. Mon, 19 May 2014 09:29:52 +0000 Steve Mullis 10440 at http://kut.org How to Manage Your Team Like the San Antonio Spurs http://kut.org/post/how-manage-your-team-san-antonio-spurs <p><span style="line-height: 1.5;">The <a href="http://www.nba.com/spurs/playoffcentral">San Antonio Spurs</a> may not have rock star players like LeBron James – they don't have the resources. They might not have the youngest lineup, either (to say the least).&nbsp;And no, they're not flashy.</span></p><p>But the Spurs succeed so often – both on and off the court – they're now considered the top ranked team in the NBA, picked by many to win a&nbsp;fifth championship this year. They must be doing <em>something</em> right.</p> Thu, 15 May 2014 14:01:38 +0000 David Brown 10402 at http://kut.org How to Manage Your Team Like the San Antonio Spurs Sriracha-Maker Says Factory Will Remain In California http://kut.org/post/sriracha-maker-says-factory-will-remain-california Sriracha hot sauce-maker Huy Fong Foods has been tussling with the City Council of Irwindale, Calif., near Los Angeles for months now over whether the factory's spicy smells harm its neighbors. There have been legal action and suggested fixes, but also pleas from other cities for the company to consider moving there.<p>David Tran, the CEO of Huy Fong, says he escaped from Vietnam almost 35 years ago to be free of the communist government there and its many intrusions.<p>"Today, I feel almost the same. Mon, 12 May 2014 10:08:31 +0000 Karen Grigsby Bates 10396 at http://kut.org Sriracha-Maker Says Factory Will Remain In California Oil and Gas Companies Are Now Poaching Employees From Each Other http://kut.org/post/oil-and-gas-companies-are-now-poaching-employees-each-other <p>The global boom in energy production driven by <a href="http://stateimpact.npr.org/texas/2014/05/05/lawsuit-highlights-concern-over-air-quality-and-shale-drilling/">fracking</a>&nbsp;and horizontal drilling is leading to a shortage of skilled workers. A <a href="http://www.businesswire.com/news/home/20140506006268/en/Retirement-Wave-Technical-Skills-Gap-Threaten-Oil#.U2l7Zq1dUyw">new report</a> by the human resources firm <a href="http://www.imercer.com/content/mercer-about-us.aspx">Mercer</a> says two-thirds of oil and gas companies are now poaching employees from their competitors.</p><p>"The industry seems inclined when an individual is trained and developed by a competitor to, especially in the first five years of employment, go after that key talent, as opposed to training and developing their own,"&nbsp;<span style="line-height: 1.5;">&nbsp;says Philip&nbsp;</span><span style="line-height: 1.5;">Tenenbaum, a senior partner at</span><span style="line-height: 1.5;">&nbsp;Mercer.&nbsp;</span></p><p><span style="line-height: 1.5;">He says in some cases, the practice has become quite overt. &nbsp;</span></p><p> Wed, 07 May 2014 00:43:58 +0000 Nathan Bernier 10368 at http://kut.org Oil and Gas Companies Are Now Poaching Employees From Each Other In Wake Of Massive Data Breach, Target CEO Steps Down http://kut.org/post/wake-massive-data-breach-target-ceo-steps-down In the wake of a massive data breach that exposed the personal information of <a href="http://www.npr.org/blogs/thetwo-way/2014/01/10/261365107/target-says-70-million-individuals-data-may-have-been-stolen">about 70 million customers</a> last year, Target CEO Gregg Steinhafel is stepping down, the retailer's board <a href="http://pressroom.target.com/news/target-appoints-new-chief-information-officer-outlines-updates-on-security-enhancements">announced in a statement Monday</a>.<p>"Gregg led the response to Target's 2013 data breach," the statement read. Mon, 05 May 2014 12:41:30 +0000 10351 at http://kut.org Fast-Food CEOs Earn Supersize Salaries; Workers Earn Small Potatoes http://kut.org/post/fast-food-ceos-earn-supersized-salaries-workers-earn-small-potatoes At a time when fast-food workers make an average of about $9 an hour, what are the chief executives bringing home?<p>According to a <a href="http://www.demos.org/publication/fast-food-failure-how-ceo-worker-pay-disparity-undermines-industry-and-overall-economy">new report</a>, YUM! (owner of KFC, Taco Bell and Pizza Hut) compensated its CEO $22 million in 2013.<p>Chipotle's CEO took home $13.8 million in total compensation. And McDonald's CEO compensation totaled $7.7 million. Tue, 22 Apr 2014 20:28:15 +0000 10275 at http://kut.org Fast-Food CEOs Earn Supersize Salaries; Workers Earn Small Potatoes To Increase Productivity, UPS Monitors Drivers' Every Move http://kut.org/post/increase-productivity-ups-monitors-drivers-every-move The American workforce might want to pay attention to all those brown trucks full of cardboard boxes. UPS is using technology in ways that may soon be common throughout the economy.<p>On the surface, UPS trucks look the same as they did more than 20 years ago, when Bill Earle started driving for the company in rural Pennsylvania.<p>But underneath the surface, Earle says, the job has changed a lot. The thing you sign your name on when the UPS guy gives you a package used to be a piece of paper. Thu, 17 Apr 2014 13:26:23 +0000 10237 at http://kut.org To Increase Productivity, UPS Monitors Drivers' Every Move Why Some Stores Fail and Others Thrive in Austin's Second Street District http://kut.org/post/why-some-stores-fail-and-others-thrive-austins-second-street-district <p><strong>Update</strong>: Toy Joy was bought Monday by Fred Schmidt, owner of <a href="http://www.wildaboutmusic.com/">Wild About Music</a> on E. Sixth Street. Schmidt <a href="http://austin.twcnews.com/content/news/298415/toy-joy-sold-at-auction-to-local-business-owner">told Time Warner Cable News</a> he plans to keep the store downtown. "We're going to continue with this business as it has been — only make it more successful than it has [been] in recent years,” Schmidt said. “We're very committed to Toy Joy, its concept, its premise and what it has been in Austin for several decades now."</p><p><strong>Original story</strong> (March 31): Toy Joy will be <a href="https://www.facebook.com/ToyJoyAustin/posts/616913558393908?stream_ref=10">auctioned off</a> today. The iconic Austin store closed its doors on March 16, after struggling for the last few years.</p><p>In 2013, the owners thought a new location in a hip part of town would help, so they moved from Guadalupe Street – close to the Drag – and into downtown’s Second Street District. But Toy Joy didn’t make it.</p><p><iframe frameborder="no" height="166" scrolling="no" src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/142353489&amp;color=ff5500&amp;auto_play=false&amp;hide_related=false&amp;show_artwork=true" width="100%"></iframe></p><p> Tue, 01 Apr 2014 21:39:44 +0000 Joy Diaz 10062 at http://kut.org Why Some Stores Fail and Others Thrive in Austin's Second Street District You Can Buy Your Way Into Texas' Oil Boom. But Is It Worth It? http://kut.org/post/you-can-buy-your-way-texas-oil-boom-it-worth-it <p><span style="line-height: 1.5;">In the history of Texas, few figures are as colorful as the wildcatters: oil prospectors who gambled big on the lure of black gold and striking it rich, or went broke trying. But what if you could be a wildcatter with a click of the mouse?</span></p><p><span style="line-height: 1.5;">According to </span><a href="https://www.documentcloud.org/documents/1100092-nakoma-12-13-1.html" style="line-height: 1.5;">a company selling stakes in rigs</a><span style="line-height: 1.5;"> right now,&nbsp;you&nbsp;too&nbsp;can own an oil well – or at least part of it – right here in the states.&nbsp;</span></p><p><iframe frameborder="no" height="166" scrolling="no" src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/142355984&amp;color=ff5500&amp;auto_play=false&amp;hide_related=false&amp;show_artwork=true" width="100%"></iframe></p><p> Mon, 31 Mar 2014 20:21:02 +0000 Emily Donahue & David Brown 10065 at http://kut.org You Can Buy Your Way Into Texas' Oil Boom. But Is It Worth It? Computers That Know What You Need, Before You Ask http://kut.org/post/computers-know-what-you-need-you-ask We're already giving voice instructions to virtual personal assistants, like Apple's Siri. But artificial intelligence is getting even smarter. The next wave of behavior-changing computing is a technology called anticipatory computing — systems that learn to predict what you need, even before you ask.<p><a href="http://www.google.com/landing/now/#whatisit">Google Now</a>, which is available on tablets and mobile devices, is an early form of this. You can ask it a question like, "Where is the White House?" and get a spoken-word answer. Mon, 17 Mar 2014 19:59:52 +0000 Elise Hu 9981 at http://kut.org Computers That Know What You Need, Before You Ask At SXSW Trade Show, Other Cities Say They Come to Pitch, Not Poach http://kut.org/post/sxsw-trade-show-other-cities-say-they-come-pitch-not-poach <p><strong>Update</strong>: KUT's Kate McGee appeared on WBUR's <a href="http://hereandnow.wbur.org/">Here and Now</a> to discuss governments pitching themselves at SXSW.</p><p><strong><a href="http://kut.org/post/cities-and-countries-pitch-themselves-sxsw">Read and listen:&nbsp;<span style="line-height: 1.5;">Cities And Countries Pitch Themselves At SXSW</span></a><span style="line-height: 1.5;">&nbsp;</span></strong></p><p><span style="line-height: 1.5;"><strong>Original story</strong> (March 12): At South by Southwest, tech companies may come to pitch the next big mobile app or hardware, but city governments are also here to pitch themselves as the best&nbsp;</span><em style="line-height: 1.5;">place</em><span style="line-height: 1.5;">&nbsp;to create that next big app.</span></p><p>“There’s a collision of all the kinds of people were trying to attract, talented engineers looking for their next great opportunity, companies looking for a place to grow, or investors seeking deal flow," says Jenifer Boss, t<span style="line-height: 1.5;">he director of business development with the deputy mayor’s office in Washington D.C.. "And we want to take advantage of having all those people in one place."</span><strong style="line-height: 1.5;">&nbsp;</strong><b style="line-height: 1.5;">&nbsp;</b></p><p> Fri, 14 Mar 2014 20:14:39 +0000 Kate McGee 9949 at http://kut.org At SXSW Trade Show, Other Cities Say They Come to Pitch, Not Poach What Happens When a Local Business Opts Out of SXSW http://kut.org/post/what-happens-when-local-business-opts-out-sxsw <p><span style="line-height: 1.5;">Thousands of bands have come to town for </span>SXSW<span style="line-height: 1.5;">, and many of them are here thanks to one thing: brands. Doritos is reportedly <a href="http://www.forbes.com/sites/randalllane/2014/03/06/sxsws-death-by-doritos-with-an-assist-from-lady-gaga/">paying Lady Gaga millions</a> to do a show. Chevy is giving people <a href="http://kut.org/post/why-austins-restricting-uber-over-sxsw">free rides around town</a>. Toilet paper brand </span>Cottonelle<span style="line-height: 1.5;"> even has a "<a href="http://sxsw.com/film-interactive/news/2014/stop-cottonelle-refresh-lounge">refresh lounge</a>" at the festival this year. </span></p><p><span style="line-height: 1.5;">But what happens to local businesses that opt out of corporate freebies and VIP-only parties?&nbsp;</span></p><p><span style="line-height: 1.5;">To find out, just head to Rainey Street, aka Corporate Party Central. But at the southern end of the street sits a bar that's proudly banner-free, with no velvet rope and no VIP&nbsp;</span><span style="line-height: 1.5;">guestlists</span><span style="line-height: 1.5;">:&nbsp;</span><a href="http://craftprideaustin.com/" style="line-height: 1.5;">Craft Pride</a><span style="line-height: 1.5;">.</span><iframe frameborder="no" height="166" scrolling="no" src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/139465422&amp;color=ff5500&amp;auto_play=false&amp;hide_related=false&amp;show_artwork=true" width="100%"></iframe></p><p> Fri, 14 Mar 2014 13:38:24 +0000 Terrence Henry 9963 at http://kut.org What Happens When a Local Business Opts Out of SXSW CVS To Stop Selling Tobacco Products http://kut.org/post/cvs-stop-selling-tobacco-products Saying it is "the right thing for us to do for our customers and our company to help people on their path to better health," the CEO of CVS Caremark <a href="http://www.prnewswire.com/news-releases/cvs-caremark-to-stop-selling-tobacco-at-all-cvspharmacy-locations-243662651.html" target="_blank">announced Wednesday</a> that the company's 7,600 pharmacies will stop selling cigarettes and tobacco products by Oct. Wed, 05 Feb 2014 13:05:53 +0000 Mark Memmott, NPR 9719 at http://kut.org CVS To Stop Selling Tobacco Products Facebook At 10: Amid Doubters, Company Eyes Next Growth Phase http://kut.org/post/facebook-10-amid-doubters-company-eyes-next-growth-phase Ten years ago, when Mark Zuckerberg launched Facebook at Harvard, Noah Buyon was only nine years old.<p>Facebook started out as a site exclusively for college students, so it took Buyon a few years to find out about it. But when his older brothers got accounts, he wanted one too.<p>"It became kind of the cool thing to have," Buyon says. "I couldn't hold out any more — and I got it, and I've been saddled with it ever since."<p>That's not an entirely positive sentiment. Tue, 04 Feb 2014 16:08:19 +0000 9710 at http://kut.org Facebook At 10: Amid Doubters, Company Eyes Next Growth Phase City Council Approves Athenahealth Incentives Deal - But Not Unanimously http://kut.org/post/city-council-approves-athenahealth-incentives-deal-not-unanimously <p>Last night the Austin City Council approved a deal that offers nearly $680,000 dollars in incentives for <a href="http://www.athenahealth.com/">athenahealth</a> to expand in Austin. The grant will be offered in addition to a $5 million subsidy from Gov. Rick Perry's <a href="http://governor.state.tx.us/ecodev/financial_resources/texas_enterprise_fund/">Texas Enterprise Fund</a>.</p><p>But not everyone is happy with the deal. Some council members argue that the city’s booming economy doesn’t need to offer subsidies to bring business to Austin. (The deal passed on a 5-2 vote, with city council members Laura Morrison and Kathie Tovo voting no.)</p><p><a href="http://www.infactdaily.com/">Austin Monitor</a> publisher Michael&nbsp;Kanin&nbsp;says that this debate is heating up as council members become increasingly divided on the issue of business incentives.</p><p> Fri, 31 Jan 2014 17:45:55 +0000 Phoebe Flanigan 9688 at http://kut.org City Council Approves Athenahealth Incentives Deal - But Not Unanimously Should Austin Offer Economic Incentives? Athenahealth Deal Stirs Debate http://kut.org/post/should-austin-offer-economic-incentives-athenahealth-deal-stirs-debate <p>Austin’s facing a familiar question: whether to approve&nbsp;<span style="line-height: 1.5;">economic incentives</span><span style="line-height: 1.5;"> luring new jobs to town.</span></p><p>Today, the Austin City Council was briefed on a proposal for incentives for health IT company <a href="http://www.athenahealth.com/" target="_blank">Athenahealth</a>.</p><p>Massachusetts-based Athenahealth – which currently employs 36 Austinites in offices at The Domain – is promising a new research and development center. Located inside the former Sealholm Power Plant in downtown Austin, the company says it would create 607 new jobs over 10 years.</p><p> Thu, 23 Jan 2014 21:14:13 +0000 Kelly Krupa 9629 at http://kut.org Should Austin Offer Economic Incentives? Athenahealth Deal Stirs Debate