Consumer confidence bottoms out – again
The nation’s financial crisis took a massive toll on consumers’ economic outlook this month, sending the Conference Board’s monthly confidence index to its lowest point yet.
LIN, Time Warner cut new deal; KXAN back on the air
LIN TV Corp. and Time Warner Cable have reached a broadcast retransmission agreement, ending a dispute that impacted more than a viewers in multiple markets including Austin.
Austin companies dominate Deloitte Fast 50 list
Fourteen Austin companies are on a list of fastest growing tech companies in Texas compiled by Deloitte & Touche LLP.
Dell asks workers to take unpaid leave in latest cost-saving effort
A memo to all employees at Dell Inc. outlining the company’s latest effort to cut costs asks workers to consider taking up to five days of unpaid time off to help prevent more layoffs.
Apple: No new Macs for Christmas
An Apple Inc. spokesperson poured cold water all over rumors that the business would put out new Mac computers before Christmas.
Fidelity National Financial to acquire LandAmerica
The credit freeze and a dramatic downturn in business has pushed LandAmerica Financial Group Inc. to merge into the largest title company in the country, Fidelity National Financial Inc.
Starbucks’ profit plummets 97%
Starbucks Corp.’s fourth-quarter results were affected by more than $105 million in restructuring costs but even figuring in those costs, the coffee giant missed analysts’ expectations by a good margin.
T. Boone Pickens stalls wind farm project
Texas billionaire T. Boone Pickens is revamping his renewable energy campaign in light of falling energy prices, the Associated Press reported Wednesday.
Snack chip entrepreneur back in the market
Doug Foreman, the founder and former CEO of Guiltless Gourmet snack foods, is launching a new line of healthy tortilla chips.
Citi cutting 53,000 more jobs
Citigroup Inc. says it will cut about 53,000 more jobs during the next several months.
Intel, Facebook launch mass animation project
Intel Corp. on Monday launched Mass Animation, a collaborative, worldwide effort to produce a computer-generated animated short film for theatrical release.
Freescale cutting 138 local employees in January
The local impact of Freescale Semiconductor Inc.’s staff cuts are beginning to become clearer.
Thomas Properties wants the rest of its loan from Lehman for Austin deal
An affiliate of Thomas Properties Group Inc. has filed a motion in U.S. Bankruptcy Court in New York in an attempt to secure a $100 million revolving loan it was supposed to get from Lehman Brothers Holdings Inc.
Survey: Accounting firms eye growth during downturn
Most certified public accounting firms reported strong growth during the past two years and are poised to benefit as clients use their services more to stickhandle their way through the troubled economy.
How do Austin home prices stack up against other college towns?
Coldwell Banker has come up with a new twist on football rivalry, comparing home prices in some of the country’s major college football towns, and Austin ranked 55 out of the 119 markets surveyed.
Texas No. 2 in giving sales tax dollars back to retailers
Texas ranks second among states for the amount of sales tax revenue it gives back to retailers, a new national report finds.
