Business

Business
11:36 am
Wed May 2, 2012

Today at UT: The 'Super Bowl' or 'Project Runway' of Business Pitches - Take Your Pick

The McCombs Business School is sponsoring a high stakes venture competition today.
Photo by Teresa Viera for KUT News

Rental maternity clothing? Malnutrition-fighting porridge? Dust compressors? Soon, one of these inventions could be part of your daily life.

Beginning today and running through Saturday, the Global Venture Labs Investment Competition will evaluate business concepts from 40 teams around the world. Hosted by McCombs School of Business' Texas Venture Labs, it's the longest-running competition for graduate student entrepreneurs – the "Super Bowl of business plan competitions," as the school describes it in a press release.

To qualify for the competition, teams had to win regional competitions first, with competitors culled from 13 countries including Thailand, Brazil, Germany and Norway. UT's team has invented a product called eyeQ, which according to McCombs School of Business spokesperson Renee Hopkins, uses video-based technology to monitor consumer purchasing behavior. In other words: Stores get information about how their customers shop, and customers will get an Amazon.com-like retail experience in a brick and mortar store.

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Business
11:29 am
Fri April 27, 2012

Amazon to Start Paying Texas Sales Tax

Amazon has promised a Texas expansion, in addition to paying sales tax starting this summer.

After talks between online retailer Amazon.com and the state over paying sales taxes collapsed last year, the parties have reached an agreement.

The Office of the State Comptroller and Amazon stated today that beginning in July, Amazon – which had a distribution center in Irving, Texas – will begin paying state sales tax.

Amazon also announced it will “create at least 2,500 jobs and make at least $200 million in capital investments” in Texas, over the next four years.

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Business
8:18 am
Mon April 23, 2012

Report Says Wal-Mart Hushed Bribery Campaign In Mexico

A van covered by a mural sits parked outside a Walt-Mart Super Center in Mexico City. Wal-Mart Stores Inc. hushed up a vast bribery campaign that top executives of its Mexican subsidiary carried out to build stores across Mexico, according to a published report by the New York Times.
Dieu Nalio Chery AP

Originally published on Sun April 22, 2012 7:17 am

In a massive investigation, The New York Times reported Saturday that Wal-Mart Stores Inc. silenced a vast bribery effort that top executives of Mexican subsidiary Wal-Mart de Mexico carried out in order to build stores across the country.

According to the report:

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