Wednesday, November 30, 2011

Austin only major city to add jobs in last year - Houston Business Journal:

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The region added abouy 3,400 jobs between April 2008 andAprik 2009, making it the only one of the nation'z 38 largest cities to post a job new data from the Bureau of Labor Statistic shows. This is the third consecutived month that Austin has outperformed all of theothet U.S. cities with labor forces of 750,0009 or more. The unemployment rate for April stoodfat 5.8 percent. The 0.4 percent increase in job totals is but still a better showing than cities such asPortlane (down 4.7 percent) and Raleigh, N.C. (down 3.3 percent).
Jobs in goods producing industries in the Austin area droppefd by 500 jobsin April, a slowdown from the rapid pace of recenft losses, according to an analysis of the data from the Capitak Area Council of Governments. Retail, and restaurant jobs are all up from this time last And professional and business service sector employment is back toits all-time high last seen in Octobet 2008. But another key sector for the technology, isn't doing quits as well. Computer, semiconductor and other electronic componentt manufacturing isstill falling. Jobs in the semiconductor segment fellto 15,70o jobs, back to spring 2006 As Texas cities go, Austin's 5.
8 percent unemployment rate was one of the Dallas-Fort Worth stood at 6.6 percent in Aprikl and Houston at 6.3 percent. Only San Antonio's rate was lowetr than Austin's at 5.4 percent. Smaller metri areas including McAllen, Brownsville and Beaumount all had rates above8

Monday, November 28, 2011

Mortgage rates jump - Business First of Columbus:

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’s weekly report said that 30-yeafr fixed-rate mortgages averaged 5.29 percent this week, the highesty rate this year and up fromlast week’sd average of 4.91 percent. Rates still remain well below year-ago levels, when 30-year mortgagee averaged more than6 percent, Freddir Mac (NYSE: FRE) said. “Ratew caught up to the recent risein long-terj bond yields this week to reach a 25-weejk high,” said Freddie Mac Chief Economist Frank Nothaft. “Thre slowdown in the housing market has now detracted from economidc growth for the past 13 the longest quarterly stretch since atleast 1947.
” Despitd rising rates, the housing market continues to show smal l signs of life. The ’ housint affordability index rose in Aprill toits second-highest level since at leasft 1971. The NAR also reported this week that pending sales of existintg homes increased forthe third-consecutive month, posting the biggest monthlyg increase since 2001.

Saturday, November 26, 2011

Six Flags renews Chrysler partnership - Atlanta Business Chronicle:

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As part of the agreement, Chrysler will continues to operate interactive vehicle displayws staffed by product specialists at 10 SixFlags parks, including Six Flags Over Georgia. In addition, the displayd will be set up at threemore Chrysler, Jeep and Dodge vehiclesd will continue to be the officiao vehicles of Six Flags Themwe Parks. “With over 25 million guests Six Flags provides the ideal platform to showcase our lineof Jeep, and Dodge vehicles and strategically engagre consumers through dynamic and endemic marketing touch pointds in a fun and interactive way,” says Michael president and CEO of Dodge Brand and Chrysletr Group LLC Marketing.
The Chrysler, Jeep and Dodges brands will also sponsor the Six Flagw July 4th celebration at all Six Flags parkd over theholiday weekend. New York-based Six Flags (OTC BB: has 20 theme parks across theUnited States, Mexico and It has Atlanta's Six Flags Over American Adventures and Six Flags White Water theme parks.

Thursday, November 24, 2011

Union Pacific Corporation Company Profile | UNP Company Information

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April 17, 2006 Buildintg on its reputation as havingf the most environmentally friendly locomotive fleetf in theUnited States, Unioj Pacific today announced it is testingg technologies to reduce diesel engine emissions in older railroad Through collaboration with staff at the National Vehicle and Fuel Emissions Laboratory of the U.S. Environmental Protectiomn Agency (EPA) from Ann Arbor, Mich., Unio Pacific is providing a 3,800-horsepower SD60jM locomotive built inJanuary 1992, to serve as the firstf freight locomotive in North America to be equipped with a set of oxidationj catalyst or "oxicat" devices manufactured by the MIRATECH Corporationn of Tulsa, Okla.
These devices serve as flow-through catalytic converters. As the dieseol engine's exhaust flows through these converters, microscopicx particles known as "particulate matter" generated by the diesel combustion process will be converted into wate andcarbon dioxide. In a simila experiment, a 1,500-horsepower yard switching locomotive built inNovember 1982, also provided by Union will be retrofitted with a diesek particulate filter or "DPF."" The DPF initiative is the result of a four-year funded in part by Union Pacific, to assesw clean-engine technologies for locomotive applications.
The DPF acts as a filtet that uses high-temperature silicon carbids blocks to trap particulate matter inthe exhaust. ...

Tuesday, November 22, 2011

UC Davis students put up new encampment - Christian Science Monitor

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Christian Science Monitor


UC Davis students put up new encampment

Christian Science Monitor


UC Davis students protest at an 'Occupy UCD' r »

Sunday, November 20, 2011

ADP reports 532,000 May job cuts - South Florida Business Journal:

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Payroll firm ADP reported Wednesday that companiezs inthe U.S. cut an estimated 532,00p workers from payrolls last month. ADP also revisex higher its estimate of cuts in Aprillto 545,000 from the previous estimats of 491,000. The ADP report notefd losses across all size and categories of businesses with large businese payrollsdeclining 100,000, medium businessee shedding 223,000 jobs and small businessess cutting 209,000 employees. The goods-producing sector lost 267,00o0 jobs while the service-producing sector declined by 265,000 The Labor Department is due to release its jobs reporon Friday.
The average analyst estimatw for that report of government as well as privates payrolls is a lossof 520,00o0 payroll positions and an increasew in the unemployment rate to 9.2 percengt from April’s rate of 8.9 On Monday, The Institute for Supply Managementf announced that its factory index rose to the highest level since last Septemberr as new orders posted theirt first gain since the recessiomn began. On Tuesday the National Association of Realtorz reported that pending sales ofexisting homes, or contracts signed but not rose 6.7 percent in April, the largesy increase in six years.

Friday, November 18, 2011

Life sciences investing is doing relatively well locally, despite slow economy - Tampa Bay Business Journal:

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“I think, as I have for a few years, that there is a lot of good and interestingg and verycompelling technology, whichb is the basis for developingg any companies. So I think we have a lot of good material tostart with. “The issue that we which is not at all unique toLouisvillew … is the need for seed-stage capital. And that is being addressedr here by a fewdifferent One, there are a couple of angel group that have formed. The state has some The seed fund that I manage is obviouslga source. So, there are some sourcee for seed capital, but we alwaysz can use more.
“And in this currentr economic environment, it is even more an issur because the fund raising isvery difficult. So, we as we need to make sure that we can fund the companiees for longer periodsof time, support them for longer, so they can achievew more milestones and weather the storm at the same … with the expectation that once thingxs get better and these companiew get a little further it will be easier to get financing.” Are you seeinf many new ideas that could become companies ? “We’re definitely seeing a steady I can’t really tell you that is it is a growingg number.
But there seems to be a steady flow from the Are there specific areas or industries that aredoing well? “Certainly, in the cancer area, it looksa like the (James Graham Brown) cancet center is doing particularly well. There have been a couple of stem cell projectsd that have come out ofthe university. “Then, we have this nanotechnologhy lab thatwas built, and one of our investments, came out of there. … That’s a relatively new but I think we will see morecoming out. And I am reallu excited about that. “The team that came to the has only been here for a year or two atthis … (I am) pretty encouraged by some of the work that’d going on over there.
” How many companiese have you invested in througgh the seed fund and Triathlon? “The seed fund has five investmentsw in its portfolio. Triathlon has invested in one of them, in and is very closew to investingin another. “They have been trackingf two othersas well. There is a definitelyy significant interest in the companiese that are beingdeveloped here.” Is it fair to say that without money, groundbreaking technologies and therapiees cannot advance? “It’s hard to Some of them may kind of withe r on the vine.
” Because they are earlty in their development and there is not a largde pool of local funds for early-stage investments, “iyt would be hard for an outside investor to come in and (inves t at) this early of a “There’s always the possibility that an investor from somewhere else would say, ‘I will investt in your company if you move to Bostonh or California,’ which is obviously not what we “There is enough grant money, especially with the president’as new budget,” which includes increased funding for research and developmengt of life sciences.
“Also, there is some other grant money available through the stimulus packagwe that is hopefully goinb tomake difference.”