Blackstone Pulls Dell Offer
Michael Dell may be the last man standing as he fights to take his company private. Today, rival bidder The Blackstone Group dropped out.It was David Johnson, formerly Michael Dell’s key turnaround...
View ArticleTexas Water Shortages Could Put Limit on Fracking
Shortages of water could limit the growth of fracking in Texas, according to a report from Ceres, a nonprofit group that advises investors about corporations’ sustainability practices.Monika Freyman,...
View ArticleU.S. Senate Poised To Approve Online Sales Tax Bill
Update at 7:00 p.m.:The Senate has passed the Marketplace Fairness Act by a vote of 69 to 27, The Associated Press reports.Here's our original post:The Senate is expected to approve a measure on Monday...
View ArticleChamber of Commerce Looks to Sell Austin Internationally
The Austin Chamber of Commerce is looking to sell Austin abroad.Yesterday, the chamber and the State Department invited 26 ambassadors from around the world joined top tech companies like Google,...
View ArticleAustin Jobless Rate Dips to 5.1 Percent
Austin’s economy added 30,500 jobs over the last year. The latest employment report shows the jobless rate dropped to 5.1 percent last month from 5.6 percent in April 2012. The recent job growth...
View ArticlePledging Not to 'Screw it Up,' Yahoo Seals Deal For Tumblr
The news that broke Sunday is now official.Yahoo confirmed early Monday morning that it is buying Tumblr in a deal worth about $1.1 billion.
View ArticleAustin Home Sales Surged 32 Percent in April
Austin area home sales jumped by 32 percent in April compared to the same month last year. The Austin Board of Realtors says 2,563 single-family homes were sold last month.That marks a nine-year high...
View ArticleAfter Apparent Suicide, Austin Financial Advisor Investigated
Financial advisor S. Mark Powell ran the Austin office of money management firm Atlantic Trust until his death on May 16.Powell's body was found in a cemetery in Mason County, where the cause of death...
View ArticleCrunch Time Tonight for Tech Startups
The tech news website TechCrunch is in Austin hosting a competition looking for the next big ideas.At Pitch-Off, startups and individuals make minute-long pitches to a panel of judges. It’s already...
View ArticleCity of Austin Gets High Marks for Tax Incentive Disclosure
You know those property tax breaks that Austin uses to lure companies like Apple and Visa to town? A Washington, D.C., group says the city is doing a pretty good job of letting us know how those deals...
View ArticleNo Smoking Outside Starbucks Shops Starting Saturday
Starbucks is moving its smoking ban outdoors.Starting Saturday, according to signs posted in its more than 7,000 shops across the U.S. and Canada, "the no-smoking policy ...
View ArticleDell Says No to Icahn's Buyout Bid
One of the largest employers in Central Texas is rejecting a buyout offer from billionaire Carl Icahn.A special committee of Dell’s board says it would rather investors accept a $24 billion buyout...
View ArticleWhole Foods Reviews Its Language Policy
Austin-based Whole Foods Market says it will revisit its policy on speaking foreign languages after two Albuquerque employees claimed they were suspended for speaking Spanish to each other while on the...
View ArticleYou Can Soon Legally Sell These Foods From Your Home
Time to crack open your recipe books, food entrepreneurs. A bill signed into law by Governor Perry overhauls regulation of so-called “cottage food businesses” to allow people to sell more products...
View ArticleAustin-Area Home Sales Jump 29%, Setting New Record for May
More homes sold in the Austin-area last month than in any May on record, according to a report by the Austin Board of Realtors. Their analysis of MLS Listings shows 2,991 homes were sold in May, an...
View ArticleSmaller Texas Banks Stand to Gain from Ban on Debit Surcharge
This year the Texas Legislature passed HB 3068, banning the surcharge placed on debit cards. The bill was championed by The Independent Bankers Association of Texas (IBAT), an organization that...
View ArticleCredit Unions To Congress: Don't Tax Us
Credit unions around the country want their members to memorize one phrase right now: Don’t tax my credit union.The unions have enjoyed tax-exempt status since the 1930s, but lawmakers could push them...
View ArticleAustin Sets Export Record: $9 Billion
Exporting everything from semiconductors to barbecue sauce, the Austin metropolitan area set a new $9 billion record for exports in 2012.The total was an increase of 4.1 percent, or $350 million,...
View ArticleIs Driving on Austin's F1 Track Worth $55,000?
If you ever wanted to ride an Formula 1 track in your own car, the Circuit of the Americas is now selling the opportunity. A full-day private track rental goes for $55,000. Group rates are available at...
View ArticleDell Decision Day: Today's Vote on Buyout May Face Delays
It is decision day for Dell shareholders.They are scheduled to meet this morning and vote on whether to accept a buyout offer from company founder Michael Dell and the private equity firm Silver Lake...
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