Business

Business
4:58 pm
Mon July 18, 2011

Packaging-Free Grocery Store Announces Location

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Has an Austin grocery store ever received this much hype before it has enough money to open a single location? Perhaps it’s the packaging-free premise explained in this catchy video, or maybe it’s the lack of healthy grocery options in East Austin, but in.gredients has attracted a lot of media attention.

Now here’s some more: in.gredients has announced a location for its yet-to-exist store. It's going to be at 2610 Manor Road.

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Business
12:07 pm
Mon July 18, 2011

Texas Researchers Find Dangerous Conditions On Gulf Coast Shrimping Boats

Shrimp like these are obtained through dangerous working conditions, primarily by Vietnamese fisherman, a new UT study confirms.
Photo courtesy of Southern Foodways Alliance http://www.flickr.com/photos/southernfoodwaysalliance/

When a shrimper goes out on the Gulf of Mexico for a day's work they are supposed to bring a laminated "Mayday" card in case of emergency. The card has instructions on how to call in an emergency from the sea by radio. It also includes a conversation guide printed in English and Vietnamese.

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Business
1:01 pm
Wed July 13, 2011

F1 To Get More Building Permits Today

This view will change significantly now that Formula One has secured more building permits and FEMA has issued a conditional map revision.
Photo courtesy of Circuit of the Americas

Planners for the proposed Formula One race track in Southeast Travis County are a step closer to starting construction on some of the buildings at the track.

Officials met with several Travis County agencies last night, including the Transportation and Natural Resources and Sheriff's Departments and Fire Marshal’s Office, to discuss transportation and safety planning. County authorities are issuing building permits for more structures at the track today.

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Business
1:17 pm
Mon July 11, 2011

Report: Austin Rental Market Good For Investors

Austin makes a list of best cities in which to invest in rental property.
Photo by Nathan Bernier for KUT News

The company behind those “We Buy Ugly Houses” billboards just released a study on the best cities to invest in rental properties, and Austin made 24th on the list.

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Business
10:28 am
Mon July 11, 2011

New Dell Tablet Leaked Online?

Round Rock-based Dell Inc., one of the largest employers in Central Texas, may be on the verge of launching a new tablet computer. PC World reports on a leaked video that appears to reveal the Dell Peju, a new 10-inch tablet due to be launched in October.

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Business
11:59 am
Tue July 5, 2011

Last Shuttle Mission Means Fewer Space Jobs

Photo by Matt Largey/KUT News

The Space Shuttle Atlantis will lift off Friday - the last shuttle mission for NASA.

Contractors who work on the shuttle program have been getting pink slips for the past year and a half, as the program winds down. But thousands more in Florida, Alabama and Texas will be out of a job after the final mission. 

USA Today reports on how Florida's Space Coast economy will be impacted by the end of the program.

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Business
2:18 pm
Fri July 1, 2011

Pepper Vs. Pepper

Dr. Pepper is suing itself over distribution rights of the "Dublin Dr. Pepper" soda.
Photo by Mose Buchele for KUT News.

The Doctor is in.... court.

If you're a fan of "Dublin Dr. Pepper," that variety of the soda made from pure cane sugar, you may want to stock up. Dr. Pepper Snapple Group Inc. is suing the Dr Pepper Bottling Co. of Dublin, Texas for breaking the terms of their contract.

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Business
3:05 pm
Wed June 29, 2011

City Council Waives Fees for Convention Center Hotel

Photo by Paulo Martins for KUT News

The mayor and City Council voted to waive $3.8 million in fees for White Lodging’s construction of a new convention center hotel in downtown Austin today.

Mayor Lee Leffingwell supports the construction of a convention center hotel as an effort to attract more tourism revenue. He says Austin’s convention center bookings have been declining because its capacity is too low. The mayor says he received interest in booking conventions as soon as rumors started circulating that Austin could expand its convention center space.

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Business
2:14 pm
Wed June 29, 2011

Groupon Launches New Service in Austin

Photo of Groupon Now by KUT

The massive daily deals site Groupon is launching a new service in Austin. It’s called Groupon Now, and it allows people to buy coupons for immediate use in their neighborhoods.  You can check out the service here or on a mobile phone app.

In a press release, Groupon says it allows businesses to attract customers when they need them most, “managing the flow of customers in real time.”

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Business
11:48 am
Mon June 27, 2011

Report: Federal Officials Fear Fracking Industry Bubble

An oil & gas drilling rig is drilling a well for Pioneer Natural Resources in the Eagle Ford Shale formation near Yorktown.
Photo by Eddie Seal, Texas Tribune

President Obama has praised the potential of American natural gas as “enormous," saying exploration for the energy source was something both Democrats and Republicans could support.

But internal documents from the Energy Information Agency (EIA), obtained by the New York Times, indicate some administration officials fear the natural gas industry is experiencing an investment bubble that “may be set up for failure.”

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Business
11:34 am
Wed June 22, 2011

Austin Will Be Test Market For Mobile Phone Payments

The three largest cellular carriers in the United States are going to pilot near-field mobile phone technology in Austin next year, according to a statement released yesterday. The review aggregator TopTenReviews.com posted the promotional video above, which offers a decent explanation of the technology.

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economy
4:44 pm
Thu June 9, 2011

Gas Prices Drop 7 Cents In A Week

Photo by Erik Reyna for KUT News

Gasoline prices in the Austin metropolitan area are down seven cents from last Thursday, according to a report from AAA Texas. A gallon of regular unleaded is selling for $3.583. Last week, it was $3.654. However, that’s still up substantially from a year ago, when the price was $2.625.

Last week, we talked to an oil analyst who said he expects gas prices to drop by as much as 35 cents this summer.

OPEC, however, may have different plans. The oil cartel signaled yesterday that it would not boost oil production. That sent prices for crude oil back above $100 per barrel.

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economy
3:54 pm
Thu May 26, 2011

Oil Analyst Says Gas Prices May Drop By 35 Cents This Summer

Photo by Erik Reyna for KUT News

Average gas prices in the Austin-area are down by nine cents from last week. And you should expect them to drop further, according to Tom Kloza. He is the chief oil analyst at the Oil Price Information Service in Wall, New Jersey. We reached him this afternoon by telephone.

KUT News: What’s your forecast for gasoline prices over the next few weeks?

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economy
1:47 pm
Fri May 20, 2011

Austin Gains Jobs in April, Led By Leisure and Hospitality

Photo by Callie Hernandez for KUT News

Unemployment in the Austin-Round Rock-San Marcos area dropped to 6.5 percent in April from 6.8 percent in March.

Most of the gains in the last month were in service industries.

“Austin gained 2,200 jobs in the trade, transportation and utilities [sector], reflecting that statewide increase,”  Texas Workforce Commission spokesman Lisa Givens told KUT News, “As well as leisure and hospitality, which saw 2,500 jobs added over the month in Austin.”

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Business
5:00 pm
Tue May 17, 2011

Dell Profit Almost Triples In First Quarter

Dell's corporate headquarters in Round Rock
flickr.com/philschatz/

Round Rock-based Dell Incorporated, which employs about 16,000 people in Central Texas, reported first quarter profit of $945 million today.  That compares to $341 million in the same period last year, an increase of 177 percent.

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Business
1:39 pm
Wed May 11, 2011

Local Matchmaker Gets No Love From Better Business Bureau

Screen shot of the eLove website.
Photo by Nathan Bernier for KUT News

A company that provides dating services in Austin is coming under fire from the local Better Business Bureau. eLove says on its website that it was voted the #1 matchmaker at an industry conference for two years in a row, but the local BBB says it has received 37 complaints against the business.

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economy
12:40 pm
Wed May 11, 2011

People In Central Texas Are Spending More Money

People shopping at the Domain in Austin. New state numbers suggest people are spending more money not just in Central Texas, but also across the state.
Photo by Adam Knight http://www.flickr.com/photos/adam_knight/

Even though Central Texas avoided the most severe blows of the national recession, we still experienced our own economic downturn. New data from the state shows we are continuing to bounce back.

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technology
10:33 am
Fri May 6, 2011

AT&T Launching Wi-Fi Along Sixth Street From Congress To I-35

AT&T is launching Wi-Fi along E. 6th St. from Congress Ave. to the Interstate.
Photo by Broken Piggy Bank http://www.flickr.com/photos/jremigio/

AT&T customers trying to upload smartphone video or pictures from E. 6th St. could face much less frustration in the near future. The wireless carrier has announced it is launching a Wi-Fi hotzone that stretches down E. 6th St. from Congress Ave. to Interstate 35.

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economy
4:55 pm
Thu May 5, 2011

Standard & Poor's Bets Texas Economy Will Recover Quickly

Texas has a long road ahead before a complete economic recovery, but Standard & Poor's thinks the state will rebound faster than most.
Photo courtesy flickr.com/emdot/

The financial services company Standard & Poor's (S&P) is showing some love for the Texas economy today by granting the state's government bonds an AA+ rating.

In a press release, S&P analyst Horacio Aldrete-Sanchez said it was because the Texas economy is large, diversifying, and growing faster than the country's as a whole.

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economy
2:20 pm
Fri April 29, 2011

Report: Austin Rents Will Rise Four Percent in 2011

The Cambridge Towers, a high-rise apartment building on Lavaca St. An Encino, California based real estate analysis firm says apartment rents will rise 4 percent this year in Austin.
Photo by Matthew Rutledge http://www.flickr.com/people/rutlo/

Slowing construction and rising employment will push average Austin rent prices four percent higher this year, according to real estate analyst Marcus and Millichap.

In its 2011 annual apartment forecast, the firm says only 1,000 rental units will be constructed across the entire metro area this year, compared to 2,900 units in 2010. At the same time, the company predicts local employers will add 21,000 positions this year, up from the 14,400 jobs created last year.

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