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Feature Stories

Terrell Hills Estate In San Antonio To Sell At Auction
Texas Business reports:  SAN ANTONIO—A historic Texas estate set upon 1.47 acres in the heart of San Antonio's exclusive Terrell Hills neighborhood, ranked last month as one of the top 25 homes in the city by San Antonio Magazine, will be sold at auction on May 31st by Concierge Auctions.  Full Story »
 
CPRIT Awards Pulmotect $7.1 Million to Develop Immune System Stimulant

Texas Business reports:  HOUSTON—Pulmotect Inc., a Houston-based biotechnology company, received $7.1 million from the Cancer Prevention & Research Institute of Texas (CPRIT) to advance its product, PUL-042, which offers the promise of better protecting patients receiving chemotherapy from infection, allowing for significantly higher treatment success.

 Full Story »
 
Rains jump-start cotton planting, but deep subsoil moisture critical in some areas   | colsta_bry_txbz,
Rains jump-start cotton planting, but deep subsoil moisture critical in some areas
Texas Business reports:  COLLEGE STATION—The forecast for Texas cotton remains mixed, depending upon which part of the state you’re talking about,  said Gaylon Morgan, associate professor and Texas AgriLife Extension Service state cotton specialist, College Station.

 Full Story »
 
Construction

Construction of $6.3 Million Joint Texas A&M-UT System Library Set   | colsta_bry_txbz, Texas A&M, University of Texas, library,
Construction of $6.3 Million Joint Texas A&M-UT System Library Set

Texas Business reports:  BRYAN—Construction of a facility to preserve library resources of Texas A&M University and The University of Texas System is set to begin in June near Bryan, Texas, following formal approval of a $6.3 million appropriation for the project.

 Full Story »
 
S&P Completes $4 Million League City Park And Ride   | hou_txbz, Satterfield, Pontikes, Park, Ride, Galveston, UTMB, medical branch, League City,
S&P Completes $4 Million League City Park And Ride

Texas Business reports:  HOUSTON—Satterfield & Pontikes Construction Inc. recently completed construction of a new Park and Ride facility at the University of Texas Medical Branch (UTMB) Victory Lakes campus in League City.

 Full Story »
 
$2.4 Million Rome Street Redevelopment to begin in June

Texas Business reports: STEPHENVILLE, Texas—Tarleton facilities planning officials are gearing up for a $2.4 million construction project that will transform the western edge of the Stephenville campus—the Rome Street Redevelopment project.

 Full Story »
 
Aviation

Grant to Fund UTEP Studies on Hypersonic Airplane Materials

Texas Business reports: Two mechanical engineering professors at The University of Texas at El Paso have received a grant worth nearly $400,000 from the United States Air Force Office of Scientific Research (AFOSR).

 Full Story »
 
Lockheed Wins $14 Million Jet Fighter Design Contract Change

Texas Business reports:  Lockheed won a $14.1 million to an F-35 design contract, the U.S. Department of Defense announced.

 Full Story »
 
Fort Worth Firm Wins $237.7 Million F35 Contract Change

Texas Business reports:  A Fort Worth firm won a $237.7 million contract change to manage hardware and software changes, the U.S. Department of Defense announced.

 Full Story »
 
Agribusiness

New black sorghum line developed by Texas AgriLife Research   | colsta_bry, sorghum, black sorghum,
New black sorghum line developed by Texas AgriLife Research

Texas Business reports:  COLLEGE STATION – A Texas AgriLife Research scientist said there’s potential for a  black grain sorghum hybrid targeting the health-food market.

 Full Story »
 
Texas Cattle Still Healthy Despite Budget Cuts to Health Commission | aust_txbz, Burnett, cattle, Texas, TerryHensley,
Texas Cattle Still Healthy Despite Budget Cuts to Health Commission

 The job of keeping Texas’ cattle industry healthy and vibrant just got more difficult. In the past year, ranchers and state veterinary authorities have battled the worst drought in decades only to absorb massive a cutback in state funds to fight disease and maintain livestock health.

 Full Story »
 
State climatologist: East Texas in surprisingly good condition   | colsta_bry_txbz, weeds, Drought,
State climatologist: East Texas in surprisingly good condition

Texas Business reports:  COLLEGE STATION—What’s surprising in early May is not that West Texas is so dry, but that the eastern half of the state is in relatively good condition, said John Nielsen-Gammon, state climatologist and regents professor at Texas A&M University.

 Full Story »
 
Entertainment

Witte Museum Opens Robert J. and Helen C. Kleberg South Texas Heritage Center

Texas Business reports: SAN ANTONIO—The Witte Museum plans to open the Robert J. and Helen C. Kleberg South Texas Heritage Center, Memorial Day Weekend, Saturday, May 26, 2012.

 Full Story »
 
KingsIsle Entertainment Launches The New World Of Avalon In Wizard101

Texas Business reports: PLANO—Avalon, the newest world in the expanding Wizard101 universe is now live across KingsIsle's U.S. servers. 

 Full Story »
 
2012 Hurricane Outlook Good News for New Galveston Amusement Park

 The Weather Research Center’s 2012 hurricane season outlook predicts a quiet storm season for the Texas Gulf Coast — potentially good news for Galveston’s newest tourist attraction.

 Full Story »
 
Healthcare

Device Detects Sudden Infant Death Death Syndrome

Texas Business reports: University of Texas at Arlington researchers have obtained a patent for a device aimed at saving babies’ lives through improved and rapid detection of breathing problems including Sudden Infant Death Syndrome.

 Full Story »
 
Psych Patients Need Patience in the ER, Wait on Average 11 Hours

Texas Business reports: DALLAS—Patients having psychiatric emergencies wait 11.5 hours in the emergency department, and those who are older, uninsured or intoxicated wait even longer, according to a study published online yesterday in Annals of Emergency Medicine ("Patient and Practice-Related Determinants of Emergency Department Length of Stay for Patients with Psychiatric Illness. 

 Full Story »
 
Rice University seniors devise wireless energy-transfer device for tiny heart pump   | cardiac, heart pump,heart-failure, Rice University,
Rice University seniors devise wireless energy-transfer device for tiny heart pump

Texas Business reports: HOUSTON—Heart-failure patients may someday get a life-saving charge from technology developed by students at Rice University.

 Full Story »
 
Sports Business

Robert Griffin III Gets A Trading Card | dal_ftw_txbz, Panini America, Heisman Trophy, Robert Griffin III,
Robert Griffin III Gets A Trading Card

Texas Business reports:  IRVING—Panini America, the world's largest sports and entertainment collectibles company, reached a trading card agreement with Washington Redskins quarterback and 2011 Heisman Trophy winner Robert Griffin III for the 2012 season. 

 Full Story »
 
Nevada’s Pinnacle Entertainment to Acquire Majority Interest in Texas’ Retama Park Racetrack

Texas Business reports:  SAN ANTONIO—Pinnacle Entertainment Inc. will buy, through a wholly-owned subsidiary, a 75.5% equity stake in Retama Partners  Ltd., the owner of the racing license for Retama Park Racetrack.

 Full Story »
 
Orthofix International Agrees to Sell Sports Medicine Business Unit For $157.5 Million

Texas Business reports: LEWISVILLE—Orthofix International NV reached an agreement under which Water Street Healthcare Partners, a strategic private equity firm focused on the health care industry, will acquire Orthofix's Sports Medicine Business Unit, which operates as Breg Inc. 

 Full Story »
 
Media

Houston Chronicle posts print audience growth; Multi-media expansion efforts continue

 Texas Business reports:  HOUSTON—More Houstonians are interacting with Houston Chronicle products, including the printed newspaper, according to the Audit Bureau of Circulations' March 31, 2012 FAS-FAX report, released Tuesday, May 1. 

 Full Story »
 
WACO Radio: The radio station so big, they named the town after it   | wac_txbz, WACO radio, Katie Compton,
WACO Radio: The radio station so big, they named the town after it   | wac_txbz, WACO radio, Katie Compton,
WACO radio is one of the few, if not the only radio station in the country with call letters that spell where the station exists.
WACO Radio: The radio station so big, they named the town after it

Texas Business reports: Despite the rapid changes in technology and media, one Waco radio station, which it claims the city of Waco is its namesake, comes up its 90th year of broadcasts this summer.

 Full Story »
 
Robert Griffin III Gets A Trading Card | football card,Panini America, Heisman Trophy, Robert Griffin III,
Robert Griffin III Gets A Trading Card

Texas Business reports:  IRVING—Panini America, the world's largest sports and entertainment collectibles company, reached a trading card agreement with Washington Redskins quarterback and 2011 Heisman Trophy winner Robert Griffin III for the 2012 season. 

 Full Story »
 
Music Industry

Texas Music Office Launches Live Music Grant Program

Texas Business reports: The Texas Music Office has created the Live Music Grant Program, which will fund free, live-music concerts across the state.

 Full Story »
 
Tourism

Witte Museum Opens Robert J. and Helen C. Kleberg South Texas Heritage Center

Texas Business reports: SAN ANTONIO—The Witte Museum plans to open the Robert J. and Helen C. Kleberg South Texas Heritage Center, Memorial Day Weekend, Saturday, May 26, 2012.

 Full Story »
 
2012 Hurricane Outlook Good News for New Galveston Amusement Park

 The Weather Research Center’s 2012 hurricane season outlook predicts a quiet storm season for the Texas Gulf Coast — potentially good news for Galveston’s newest tourist attraction.

 Full Story »
 
JetBlue Airways Takes Flight to its 71st Destination: Dallas/Fort Worth

 Texas Business reports:  DFW INTERNATIONAL AIRPORT—JetBlue Airways began service to its 71st destination and the third destination served in the Lone Star State: Dallas/Fort Worth.

 Full Story »
 
Marketing

Dr Pepper Snapple Group to Work with University of Texas MBA Students To Market Yoo-hoo

Texas Business reports:  AUSTIN—Dr Pepper Snapple Group and the McCombs School of Business at The University of Texas at Austin have embarked on a novel program to grow one of the company's iconic brands.

 Full Story »
 
Texas Tech Professor Theories On Competition Receive Wide Recognition

Texas Business reports:  LUBBOCK—As economies struggle worldwide - including here in the United States - one Texas Tech University professor may have the answer.

 Full Story »
 
End of an Era and a Brand: World's Last Continental Aircraft Is Repainted   | hou_txbz, Continental,
End of an Era and a Brand: World's Last Continental Aircraft Is Repainted

Texas Business reports:  Leading Edge Aviation Services (LEAS), the largest commercial and military aircraft painting company in the world, converted the world’s last remaining Continental aircraft to the newly merged United livery. 

 Full Story »
 

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Texas Patent Of The Day

Patent: To Have the High Ground Even if You're on Level or Low Ground. | sanant_txbz, Jerry Kirby, Pleasanton, Texas,patent,8151934, portable Observation Tower, System for Operation,
Patent: To Have the High Ground Even if You're on Level or Low Ground. | sanant_txbz, Jerry Kirby, Pleasanton, Texas,patent,8151934, portable Observation Tower, System for Operation,
Jerry Kirby of Pleasanton, Texas recently received U.S. Patent 8,151,934 for “Portable Observation Tower and System for Operation.”
Patent: To Have the High Ground Even if You're on Level or Low Ground.

Texas Business Patent of the Day:  An Atascosa County, Texas, man has devised a way to reach the high ground for observation, even if you’re on low ground. Jerry Kirby of Pleasanton, Texas recently received U.S. Patent 8,151,934 for “Portable Observation Tower and System for Operation.”

 Full Story »
 
Patent: To Keep A Moving Eye On You. | dal_ftw_txbz, Tom R. James, John R. Spence, patent, 8172265, vehicle, deploying, mobile, surveillance, module, TerraHawk,
Patent: To Keep A Moving Eye On You. | dal_ftw_txbz, Tom R. James, John R. Spence, patent, 8172265, vehicle, deploying, mobile, surveillance, module, TerraHawk,
Tom R. James and John R. Spence, both of Dallas, recently received U.S. Patent 8,172,265 for “Vehicle for Deploying a Mobile Surveillance Module.”
Patent: To Keep A Moving Eye On You.
Texas Business Patent of the Day:  Two Texans have devised a way to watch you and if you relocate, move to where you are and watch you some more. Tom R. James and John R. Spence, both of Dallas, recently received U.S. Patent 8,172,265 for “Vehicle for Deploying a Mobile Surveillance Module.” Full Story »
 
Patent: To Keep The Water Cleaner, Cheaper, At  Off-Shore Oil Rigs | hou_txbz,James C. T. Chan, Shaya Movafaghian, patent,8173017,Single-Cell Mechanical Flotation System,
Patent: To Keep The Water Cleaner, Cheaper, At  Off-Shore Oil Rigs | hou_txbz,James C. T. Chan, Shaya Movafaghian, patent,8173017,Single-Cell Mechanical Flotation System,
James C. T. Chan and Shaya Movafaghian, both of Houston, recently received U.S. Patent 8,173,017 for “Single-Cell Mechanical Flotation System.”
Patent: To Keep The Water Cleaner, Cheaper, At Off-Shore Oil Rigs

Texas Business Patent of the Day:  Two Texans have devised a better way to separate oil and other contaminants from water in the hydrocarbon industry. James C. T. Chan and Shaya Movafaghian, both of Houston, recently received U.S. Patent 8,173,017 for “Single-Cell Mechanical Flotation System.”

 Full Story »
 
Food Service Industry

Brinker International Signs Contract With Army PaYS Providing Careers for Army Veterans After Military Service

Texas Business reports:  DALLAS—Brinker International Inc. formed a partnership with the Army Partnership for Youth Success Program (PaYS), which connects companies with young veterans looking for corporate jobs after serving their country.

 Full Story »
 
Jasper’s unites community over barbeque, good memories   | wac_txbz, Jasper's barbecue, Bonnie Berger, Jasper Dimaria,
Jasper’s unites community over barbeque, good memories

Texas Business reports: Jasper’s Bar-B-Que sits unassumingly on the corner of Clifton and Elm Streets, rooted in the same location that once served Interurban Railway passengers stopping through Waco on their way to Dallas. The creaky screen door wavers slightly in the wind, keeping the flies out of the dining room while allowing smells of freshly smoked meat to waft out into the street.

 Full Story »
 
San Antonio's Labatt Wins $56.1 Million Government Food Contract

 Texas Business reports:  A San Antonio firm won a $56.1 million contract to provide food for the U.S. govnerment, the U.S. Department of  Defense announced. 

 Full Story »
 
Retail

Eight Decades of Flowers | wac_txbz, Krista Pirtle, Reeds Flowers, Harry Reed,
Eight Decades of Flowers | wac_txbz, Krista Pirtle, Reeds Flowers, Harry Reed,
Reed's Flowers.
Eight Decades of Flowers

Texas Business reports: If you forget your sister on her birthday, you get a disappointed phone call. If you forget your anniversary, your spouse might send you to the couch, or the doghouse, for a night or two. If you forget your mom on Mother’s Day, well, that is just something you do not want to do. 

 Full Story »
 
Leslie's Swimming Pool Supplies to Open New Store in San Marcos

Texas Business reports:  SAN MARCOS—Leslie's Swimming Pool Supplies (Leslie's), opened a store in San Marcos, Texas.

 Full Story »
 
Hudson Group Joint Ventures Win Retail, Food Concessions at Dallas Love Field

Texas Business reports:  EAST RUTHERFORD, N.J.— Two joint ventures led by travel retailer Hudson Group won the bid process to provide both retail and food services in the newly renovated Dallas Love Field Airport. 

 Full Story »
 
Workforce

Army will open previously closed jobs, units to women

The Army announced that it will begin a six-month assessment May 14 of an exception to the Direct Ground Combat Assignment Rule for female Soldiers. Of the nine brigades selected for the exception to policy, three are at Fort Hood – 2nd and 3rd Brigade Combat Teams in the 1st Cavalry Division and 3rd Cavalry Regiment.

 Full Story »
 
Brinker International Signs Contract With Army PaYS Providing Careers for Army Veterans After Military Service

Texas Business reports:  DALLAS—Brinker International Inc. formed a partnership with the Army Partnership for Youth Success Program (PaYS), which connects companies with young veterans looking for corporate jobs after serving their country.

 Full Story »
 
Wisconsin Firm To Provide $48.2 Million of Aircraft Labor in Corpus Christi

Texas Business reports: A Wisconsin firm won a $48.2 million contract to aircraft production labor to work in Corpus Christi.

 Full Story »
 

Texas' best source for business news including economics, construction, healthcare, energy, real estate and technology

Texas Photo of the Day

Money Lady at the Rummage Sale. | Money Lady at Rummage Sale, Karnegie Musa, Musa, Karnegie, muse, photo, foto,
Money Lady at the Rummage Sale. | Money Lady at Rummage Sale, Karnegie Musa, Musa, Karnegie, muse, photo, foto,
Money Lady at the Rummage Sale. Photo by Karnegie Musa. Copyright 2012.
Money Lady at the Rummage Sale. Full Story »
 
Economics

Default and Lost Opportunities: A Message from Argentina for Euro-Zone Countries

Texas Business reports: Persistent euro-zone turmoil has kept the world economy on edge, according to the Federal Reserve Bank of Dallas. Doubts about the ability of many countries in the single-currency region to service their sovereign debt are rising along with the interest rates the affected nations must pay to roll over maturing obligations.

 Full Story »
 
$10,000 Bachelor's Degree

Texas Business reports:  ODESSA—The University of Texas of the Permian Basin plans to offer a $10,000 flat fee undergraduate degree, known as the Texas Science Scholar undergraduate degree program.

 Full Story »
 
Sustained Recovery Dependent on Euro-Area Resolution
Texas Business reports: The global economic outlook has improved but remains vulnerable, according to the Federal Reserve Bank of Dallas.  Full Story »
 
Energy

Eagle Ford Shale generated more than $25B in revenue for South Texas in 2011
Eagle Ford Shale generated more than $25B in revenue for South Texas in 2011

Texas Business reports:  Development of oil and natural gas in the Eagle Ford Shale contributed $25 billion in total economic output to the region in 2011, according to a study released by the Center for Community and Business Research at The University of Texas at San Antonio Institute for Economic Development.

 Full Story »
 
Apache Completes Cordillera Energy Partners III, LLC Acquisition

Texas Business reports: HOUSTON—Apache Corporation  completed its previously announced acquisition of Cordillera Energy Partners III LLC, a privately held company with operations and acreage across the prolific Granite Wash, Tonkawa, Cleveland and Marmaton plays in western Oklahoma and the Texas Panhandle.

 Full Story »
 
Apache Completes Cordillera Energy Partners III, LLC Acquisition

Texas Business reports: HOUSTON—Apache Corporation completed its previously announced acquisition of Cordillera Energy Partners III  LLC, a privately held company with operations and acreage across the Granite Wash, Tonkawa, Cleveland and Marmaton plays in western Oklahoma and the Texas Panhandle. 

 Full Story »
 

Finance

Commodity Futures Investing: Method to the Madness
Texas Business reports:  Commodity futures market participants have traditionally fallen into one of two groups: hedgers and speculators. Hedgers produce or consume a commodity and enter the market to reduce the risk of adverse price movements. Speculators, on the other hand, seek monetary gain by anticipating when and in what direction futures prices will move.

Recently, a third group has entered the marketplace, according to the Federal Reserve Bank of Dallas. Seeking neither to hedge risk nor to speculate on prices, these individuals invest in commodity futures as a separate asset class, not unlike someone buying stocks or bonds.

 Full Story »
 
New York Firm Buys Dallas’ CompressorWorks In $37 Million Deal

Texas Business reports: DALLAS—New York’s Standard Motor Products Inc., an automotive replacement parts manufacturer and distributor acquired CompressorWorks, a temperature control company, for approximately $37.4 million.

 Full Story »
 
Apache Completes Cordillera Energy Partners III, LLC Acquisition

Texas Business reports: HOUSTON—Apache Corporation completed its previously announced acquisition of Cordillera Energy Partners III  LLC, a privately held company with operations and acreage across the Granite Wash, Tonkawa, Cleveland and Marmaton plays in western Oklahoma and the Texas Panhandle. 

 Full Story »
 
Legal

Texas Attorney General Resolves Text Message Fraud Investigation into JAWA, Related Entities   | aust_txbz, JAWA,
Texas Attorney General Resolves Text Message Fraud Investigation into JAWA, Related Entities

Texas Business reports: AUSTIN—The Texas Attorney General’s office issued the following statement about the resolution of the state’s investigation into Arizona-based JAWA and its owners, and the court order requiring the defendants to pay $2 million for defrauding wireless customers in Texas.

 Full Story »
 
Texas, States Reach Settlement with Abbott Laboratories on Depakote

Texas Business reports: AUSTIN—The Texas Attorney General’s office and and other state attorneys general today resolved a two-phase Medicaid fraud and deceptive marketing investigation into Abbott Laboratories. 

 Full Story »
 
ALEC and ExxonMobil Push Loopholes in Fracking Chemical Disclosure Rule
The conservative nonprofit group ALEC has pushed industry-backed model legislation that lets oil and gas companies muddy the waters on disclosure of fracking chemicals. Full Story »
 
Movie Industry

Independent Short Film “Masquerade” Hiring Cast Members

Texas Business reports:  The independent short film, “Book of Joe”, is hiring cast members, according to the Texas Film Commission.

 Full Story »
 
Real Estate

Texas Real Estate Activity continues for Ohio Firm

Texas Business reports: ARLINGTON--A month after acquiring a new property in Texas, The Connor Group sold one of its other properties in the Lonestar State.

 Full Story »
 
Affordable Housing Endangered, Neighborhoods Turn to Land Trusts   | aust_txbz, ACT, Nick Swartsell, housing trust,
Affordable Housing Endangered, Neighborhoods Turn to Land Trusts

AUSTIN — For 30 years, community organizations in the city have fought rising land prices to maintain affordable housing in their neighborhoods, often by buying, rehabbing and renting out one house at a time.

 Full Story »
 
$2.4 Million Rome Street Redevelopment to begin in June

Texas Business reports: STEPHENVILLE, Texas—Tarleton facilities planning officials are gearing up for a $2.4 million construction project that will transform the western edge of the Stephenville campus—the Rome Street Redevelopment project.

 Full Story »
 
Technology

Device Detects Sudden Infant Death Death Syndrome

Texas Business reports: University of Texas at Arlington researchers have obtained a patent for a device aimed at saving babies’ lives through improved and rapid detection of breathing problems including Sudden Infant Death Syndrome.

 Full Story »
 
Grant to Fund UTEP Studies on Hypersonic Airplane Materials

Texas Business reports: Two mechanical engineering professors at The University of Texas at El Paso have received a grant worth nearly $400,000 from the United States Air Force Office of Scientific Research (AFOSR).

 Full Story »
 
Texas A&M University Replaces Cisco Wireless Network with Aruba Networks

Texas Business reports: COLLEGE STATION—Aruba Networks Inc. announced that Texas A&M University is in the process of replacing its legacy Cisco wireless network with a campus-wide Aruba 802.11n mobile network based on the Aruba Mobile Virtual Enterprise (MOVE) architecture.

 Full Story »
 
Utilities

Comptroller Awards $3 Million to Texas Community Colleges for Training Equipment

Texas Business reports:  The Texas Comptroller's office announced announced another round of grants for 11 community colleges and technical institutes totaling $3 million, which will be used to purchase equipment and train students to enter the workforce.

 Full Story »
 
NASA Satellite Measurements Imply Texas Wind Farm Impact On Surface Temperature

 Texas Business reports:  A Texas region containing four of the world's largest wind farms showed an increase in land surface temperature over nine years that researchers have connected to local meteorological effects of the turbines.

 Full Story »
 
Houston's Champion Energy Wins $7.5 Million Military Energy Contract

Texas Business reports:  A Houston firm won a $7.5 million contract to supply electricity to a U.S. air force base near Wichita Falls, Texas, according to the U.S. Department of Defense.

 Full Story »
 
International Texas

Default and Lost Opportunities: A Message from Argentina for Euro-Zone Countries

Texas Business reports: Persistent euro-zone turmoil has kept the world economy on edge, according to the Federal Reserve Bank of Dallas. Doubts about the ability of many countries in the single-currency region to service their sovereign debt are rising along with the interest rates the affected nations must pay to roll over maturing obligations.

 Full Story »
 
Caisson Biotech Enters into Development and License Agreement with Novo Nordisk

Texas Business reports:  OKLAHOMA CITY & AUSTIN, Texas—Caisson Biotech LLC, a biopharmaceutical company with a patented heparosan-based drug delivery technology,  entered into a development and license agreement with Denmark's Novo Nordisk A/S, a provider of diabetes care.

 Full Story »
 
Proserv to Expand Through Business Venture With Weatherford International

Texas Business reports:  HOUSTON—Energy production technology services company Proserv expanding its subsea capabilities and specialist integrated services and increasing its workforce by more than 300 people. 

 Full Story »
 

Government Contracts

San Antonio's MedPro Wins $14.1 Million IT Contract

Texas Business reports:  A San Antonio firm won a $14.1 million contract for Army tech support, the U.S. Department of Defense announced.

 Full Story »
 
Lockheed Wins $14 Million Jet Fighter Design Contract Change

Texas Business reports:  Lockheed won a $14.1 million to an F-35 design contract, the U.S. Department of Defense announced.

 Full Story »
 
 USS Fort Worth Successfully Completes Acceptance Trials   | dal_ftw_txbz, USS Fort Worth, Lockheed Martin, Navy,
USS Fort Worth Successfully Completes Acceptance Trials

Texas Business reports: The nation's third Littoral Combat Ship, USS Fort Worth (LCS 3), successfully completed its U.S. Navy acceptance trials and will be delivered to the Navy this summer. 

 Full Story »
 
 

Executives

Acision Appoints James Israel as Senior Vice President and General Manager for North America

Texas Business reports:  PLANO—Acision appointed James Israel as senior vice president and general manager, North America.

 Full Story »
 
Fluor VP of Corporate Affairs Lee Tashjian to Retire; Company Names R. Clifton Webb as Successor
Texas Business reports:  IRVING—Fluor Corporation announced that Lee C. Tashjian, vice president, corporate affairs, will retire from the company effective June 29.  Full Story »
 
Salient Partners Names J. Philip Ferguson To Board Of Managers

Texas Business reports: HOUSTON—Salient Partners LP, a $17 billion asset management firm, appointed J. Philip Ferguson as the newest member of Salient's board of managers.

 Full Story »
 
Hire Names Chris Beck as Chief Executive

Texas Business reports:  AUSTIN—Hire International Inc. promoted Chris Beck, its executive vice president of sales and president of Soar Consulting Inc. to be the company's new chief executive. 

 Full Story »
 
William Nelson Named President of Southwest Insurance Agency

 Texas Business reports:  DALLAS—SWS Group Inc. named William Nelson as president of Southwest Insurance Agency (SWIA), the firm's wholly owned subsidiary offering insurance products and services.

 Full Story »
 
J. C. Penney Company Names Ken Hannah Chief Financial Officer

Texas Business reports: PLANO—J. C. Penney Company Inc. named Ken Hannah as chief financial officer.

 Full Story »
 
Parker Drilling Appoints Two New Board Members   | hou_txbz, Parker Drilling,
Parker Drilling Appoints Two New Board Members   | hou_txbz, Parker Drilling,
Jonathan M. Clarkson
Parker Drilling Appoints Two New Board Members

Texas Business reports:  HOUSTON— Parker Drilling elected two new members to its board of directors, expanding the group's membership to ten.  Jonathan M. Clarkson and Richard D. Paterson bring extensive energy sector and global financial and operations expertise to Parker.

 Full Story »
 
The Five Star Institute Announces New SVP of Business Development

Texas Business reports: DALLAS—The Five Star Institute announced Sean Galaise joined its ranks as senior vice president of business development with a focus on the Federation of REO Certified Experts (the FORCE).

 Full Story »
 
Rev Worldwide Adds Key Executives To Growing Operations

Texas Business reports: AUSTIN—Rev Worldwide, a global leader in financial services and mobile payment products for underserved markets, welcomed former GE Capital executive Mauricio Benavides as the company's chief executive officer of Latin America; former Visa Executive Daryn Griggs as the chief executive officer of the company's Asia Pacific region; and former Dell executive director David Clifton, as the company's senior vice president of global merchant services.

 Full Story »
 
National Instruments Promotes Jin Bains to Vice President, RF Research and Development

Texas Business reports:  AUSTIN—National Instruments promoted Jin Bains to vice president of research and development of RF products. 

 Full Story »
 

Industrial

New York Firm Buys Dallas’ CompressorWorks In $37 Million Deal

Texas Business reports: DALLAS—New York’s Standard Motor Products Inc., an automotive replacement parts manufacturer and distributor acquired CompressorWorks, a temperature control company, for approximately $37.4 million.

 Full Story »
 
Baton Rouge Firm Selected for Eastman's Furnace in Longview

Texas Business reports:  LONGVIEW—The Shaw Group Inc. won a contract to provide its proprietary technology and engineering services for a new Ultra Selective Conversion (USC) furnace for Eastman Chemical Company's ethylene plant in Longview.

 Full Story »
 
BAE Systems Completes Austin Manufacturing Center

Texas Business reports: AUSTIN, Texas—BAE Systems has completed construction of the company's new manufacturing center in Austin.

 Full Story »