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Latest Top (8) News

Sneak peek: New value-oriented residential community to open in Cypress
A longtime Houston developer is set to open a new residential community in Cypress with homes starting at $220,000. Land Tejas Cos. is under construction on the first 140 homes in Miramesa at Canyon Lakes West. The new value-oriented community, which will hold its grand opening Oct. 17, is located on 600 acres near Fry Road and Mirabella Drive, south of U.S. 290 near the Grand Parkway. Miramesa represents the last major section of some 1,800 acres that have been developed by Land Tejas in the Cypress…

Wed, 07 Oct 2015 12:00:08 +0000

GE bringing air-conditioner production back to Louisville
GE Appliances is bringing air-conditioner production back to Appliance Park in Louisville. The company's GE Zoneline through-the-wall heating and air-conditioning unit — mainly used in the hotel and motel industry — will start full production in the first quarter of 2016, according to a news release. GE Zoneline PTAC models were made at Appliance Park from 1961 until 1987, when manufacture of the product was outsourced overseas, the release said. The new Zoneline units will be manufactured…

Wed, 07 Oct 2015 12:00:05 +0000

A Mercedes or a Buick to replace the old Explorer?
It's getting to be that sad,sad time when one must think of replacing a long-loved vehicle. My wife and I have enjoyed the years of service of our 1998 Ford Explorer, which has been a proven trouper over the past 17 years since we drove it off the Ford dealer's lot in Denver. Since then, the Explorer's driven miles and miles of Washington state roads, and all over the West Coast, but after a few breakdowns necessitating calls to AAA, I'm thinking the Explorer may be looking at its last days. So…

Wed, 07 Oct 2015 12:00:03 +0000

County commission limits lucrative luggage wrap operation to one company at MIA
Safe Wrap has the exclusive right to wrap luggage in plastic for travelers who want to ward off thieves or limit damage to their belongings on international flights at the Miami International Airport, the Miami-Dade County Commission voted Tuesday. The resolution, passed 10-2 in favor, says checked bags will only be allowed into the baggage handling system at MIA if it's wrapped by Safe Wrap, which is typically more expensive than companies wrapping luggage outside of MIA. The company also has the…

Wed, 07 Oct 2015 11:55:51 +0000

​CBJ Morning Buzz: Charlotte's top office changing hands again; S.C. flood update; Big beer merger brewing (Video)
Good morning! Welcome to your Wednesday edition of the CBJ Morning Buzz, a new daily feature offering a quick look at everything you need to know to start your day. If you missed it, check out yesterday's CBJ Afternoon Buzz for a look at how notable local stocks ended the day and more. Today’s top local story: Charlotte will soon have its fifth mayor since 2013 after former county commissioners board leader Jennifer Roberts defeated Dan Clodfelter, the current Charlotte mayor, on Tuesday in…

Wed, 07 Oct 2015 11:54:42 +0000

Oil and gas outlook: Not a 'pretty picture' for 2016, IHS says
Long-term price contracts that protected some U.S. energy companies from ongoing low oil and natural gas prices are ending, which will expose them to current-day market prices and exacerbate the sector's financial stress, according to a new analysis from IHS Inc. The Colorado information and consulting firm (NYSE: IHS) looked at 48 small, mid-sized and large North American exploration and production companies and reviewed the hedges they had in place for oil and gas. The bottom line is that the…

Wed, 07 Oct 2015 11:52:30 +0000

Local firms hold more than $13 billion offshore
More than 72 percent of Fortune 500 companies, including a half dozen in St. Louis, maintained subsidiaries in offshore tax havens as of 2014, according to a new report released this week. In total, the Fortune 500 companies reported holding nearly $2 trillion offshore in 2014, according to the report from the Illinois PIRG Education Fund and Citizens for Tax Justice. St. Louis-based Emerson Electric ranked among the 20 companies that had the most tax haven subsidiaries. With 86 such subsidiaries,…

Wed, 07 Oct 2015 11:51:51 +0000

Express Scripts to cover new $14,000 drugs
Express Scripts, the nation's largest pharmacy benefits manager, said Tuesday it will cover two new cholesterol-lowering drugs, with conditions in place to control costs. The company said it will include both Amgen Inc.'s Repatha and Praluent, from Sanofi and Regeneron Pharmaceuticals on its national preferred formulary, covering about 25 million Americans. Praluent has a list price of about $14,600 annually, while Repatha is priced at $14,000, according to the Wall Street Journal. Both drugs are…

Wed, 07 Oct 2015 11:49:45 +0000

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