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Central Texas News |
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Austin Business News - Local Austin News | Austin Business Journal
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View Breaking Local News Headlines in Austin from the Austin Business Journal. Access business resources, company profiles, business advice columns, local jobs and more.
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Introgen files Chapter 11
Major questions over the effectiveness of its flagship drug, a dramatic drop in stock price and its pending removal from the Nasdaq exchange marked the steady decline of Introgen Therapeutics Inc. in recent months. Now the Austin-based biopharmaceutical company is filing for Chapter 11 bankruptcy protection and looking to sell its therapeutic product portfolio.
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U.S. employment levels continue to drop
The U.S. economy shed 250,000 jobs from October to November, according to a new jobs report.
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Companies sign on to local clean energy initiative
Major companies from Freescale Semiconductor Inc. to Dell Inc. are partnering on a bold new effort to make Austin a clean energy hub.
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Whole Foods adds board members, completes deal with Leonard Green
Whole Foods Market Inc. on Wednesday added four new members to its board of directors and completed its $425 million preferred stock sale to affiliates of Leonard Green & Partners LP.
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CAMPO approves financing plan for Manor Expwy.
The Capital Area Metropolitan Planning Organization approved the creation of a financing plan that allows toll revenue from U.S. Highway 183A to help pay for a planned tolled portion of U.S. 290 East. The plan would provide that U.S. 183A effectively be a co-signer or financial backstop for the financing of the new toll road.
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ADI closing Austin digital signal unit; 30 jobs cut
Integrated circuit maker Analog Devices Inc. is shutting down its 30-person digital signal processing operation in Austin, company officials confirmed. (ADI)
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American Airlines? traffic falls
American Airlines Inc., a subsidiary of AMR Corp., reported Wednesday the company’s traffic fell 14.5 percent in November. (AMR)
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Texas drops in health rankings
Texas isn’t getting any healthier.
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GM will ?explore alternatives? for Saturn
In a plan submitted to Congress on Tuesday, General Motors Corp. says it will focus product development and marketing efforts on its Chevrolet, Cadillac, Buick and GMC brands, and “explore alternatives for the Saturn brand.” (GM)
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Study: Cyber fraud totals $8 billion
Credit card and bank account criminals have ready access to $8 billion worth of fraud value in the global underground marketplace, according to a new report on the underground economy by Symantec, a California-based data security company.
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