Economics, employment, jobs, real estate, taxes, economic development and incentives, workforce development, IPOs, investment and anything related to business in Austin and the Central Texas counties of Travis, Hays, Caldwell, Bastrop and Williamson
The Austin-based delivery company Favor has doubled its service zone, and it now covers an area stretching from Cedar Park to Slaughter Lane. The app-based service delivers everything from tacos to dry cleaning for a flat $5 fee, plus driver tip, and boasts an average 35-minute arrival time.
Favor has grown to serve more affluent and suburban areas, but the tech firm still provides relatively limited service in the less wealthy, minority neighborhoods of East Austin, Southeast Austin and Northeast Austin. Much of its delivery zone east of I-35 serves the most rapidly gentrifying neighborhoods.
Continuing its push into Web content and advertising, Verizon is buying Yahoo Inc. for about $4.83 billion in cash, the two companies confirmed Monday morning, ending a purchase process that began months ago.
Gov. Greg Abbott is using this July Fourth weekend to urge British businesses to "declare independence" by moving to Texas — a pitch that coincides with the United Kingdom's own recent step toward sovereignty.
Two founding members of the company that puts on Austin’s Fun Fun Fun Fest have parted ways with Transmission Events, leaving the future of the annual music festival up in the air.
Graham Williams and James Moody allowed real estate company Stratus Properties, a minority shareholder of Transmission, to buy them out. Williams is taking half of Transmission’s staff with him and launching his own production venture called Margin Walker Presents (named for a Fugazi song/EP). He plans for the company to focus less on corporate events and brand activations and more on producing live music performances in clubs and bars.
It’s a wet and rainy day in Austin, and a couple of doctors from Remedy Urgent Care are about to hit the road. It’s a relatively new business in Austin – opened just five months ago – and it’s part of this new trend of online businesses hoping to deliver a product to your door.
In its first-ever transparency report, Uber has revealed that it has given federal and local U.S. agencies information on more than 12 million riders and drivers between July and December 2015.
This kind of report is not uncommon in the tech industry, but this particular one does something extra: It uses the report to take regulators to task for what Uber sees as excessive data sharing, making a case that it frequently tries to narrow the scope of requested information.
Black Friday is almost here – the day stores used to target as the start of the holiday shopping season. Now, they start holiday marketing and slashed prices as early as late October: It seems retailers have been marketing products with “Black Friday prices” or “doorbusters” since Halloween. KUT’s Jimmy Maas looks at what seems to be retail’s longest day: Black Friday.
Today is October 21, 2015, a day fans of the 1980s Back To the Future movie franchise have been waiting for all year: the day Marty McFly stumbles upon his older self, and discovers hoverboards, after traveling 30 years in the future in a flux capacitor-enabled DMC-12.
As it turns out, the company behind that time-traveling car has roots right here in Texas, thanks to a recent legal settlement.
Here’s a question to consider: Who gets milk from the cow’s udder to your kitchen table?
A new report from Texas A&M AgriLife finds that immigrant workers are responsible for producing about 80 percent of the nation’s milk. Researchers also calculated what buying a gallon of milk would cost if we didn’t have this foreign-born workforce.
State officials like to brag about the strong economy here and the thousands of people who move here every month. But some of the major inequities in the Texas economy are consistently underplayed, like the fact that in Texas, women don't make as much money as men who are doing the same job. One report estimates that women are paid just 79 cents for every dollar men make in Texas.
One report estimates that women are paid just 79 cents for every dollar men make in Texas.