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Texas Manufacturing Activity Picks Up Pace

Texas Business reports: Texas factory activity increased again in June, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, rose from 11 to 15.5, indicating output grew at a faster pace than in May. 

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Texas Comptroller's Office Study Shows Expensive School Construction Costs

Texas Business reports: An analysis of new school construction costs released by the Texas Comptroller’s office today shows the cost for some campuses varied by nearly $200 per square foot. And though there were different factors for the variances, Texas Comptroller Susan Combs is making policy recommendations to help school districts and taxpayers monitor construction efficiency and compare costs.


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Texas Gives $3.9 Million for California Omnitracs Headquarters Relocation

Texas Business reports:  Texas plans to give $3.9 million to a California firm to relocate from San Diego to Dallas. The money is packaged as a Texas Enterprise Fund (TEF) investment in  Omnitracs LLC, which is relocating its headquarters from San Diego, California to Dallas.

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Texas Manufacturing Activity Picks Up Pace

Texas Business reports: Texas factory activity increased again in June, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, rose from 11 to 15.5, indicating output grew at a faster pace than in May. 

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Karlin Real Estate Opens Dallas Office

Texas Business reports:  Los Angeles-based Karlin Real Estate has opened an office in Dallas, TX, to focus on growing the firm’s debt and equity investment platforms in Texas and the Southwest.   

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Texas Comptroller's Office Study Shows Expensive School Construction Costs

Texas Business reports: An analysis of new school construction costs released by the Texas Comptroller’s office today shows the cost for some campuses varied by nearly $200 per square foot. And though there were different factors for the variances, Texas Comptroller Susan Combs is making policy recommendations to help school districts and taxpayers monitor construction efficiency and compare costs.


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Slowdown Could Be Ahead for Advanced Economies Outside of U.S.
Texas Business reports: The pace of global growth (excluding the U.S.) remained unchanged in first quarter 2014. Real gross domestic product (GDP) growth in both the advanced economies (ex. U.S.) and emerging economies maintained the same pace as in fourth quarter 2013. However, recent indicators of economic activity point to a slowdown in the advanced economies (ex. U.S.) and an acceleration in the emerging economies.   Full Story »
Texas Manufacturing Grows but at a Slower Pace

Texas Business reports: Texas factory activity increased again in May, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, fell from 24.7 to 11, indicating output grew but not strongly as in April.

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Cost of Hepatitis Drug Raises Questions About Access

A new treatment for hepatitis C is considered a breakthrough for people with the liver disease. But the high cost of the drug — about $1,000 a pill — has complicated efforts to get the medication to Texans who receive government-subsidized health care.

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Grand Prairie’s Lockheed Wins $212 Million Defense Contract Boost

Texas Business reports: A DFW-area firm won a $212.3 million contract increase for a foreign weapons contract, according to the U.S. Department of Defense.

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Vacant Juvenile Facility Costing $100,000 Monthly

More than a year after lawmakers told the state juvenile justice agency to shutter a facility to save money, the aging Corsicana Residential Treatment Facility remains open at a cost of some $100,000 a month to taxpayers. There are no youths there, just 25 employees who are awaiting word from lawmakers looking for ways to salvage the decrepit institution that once housed mentally ill youth offenders. 

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Fort Worth’s Lockheed Wins $7.2 Million Thailand, Pakistan F-16 Contract Change

Texas Business reports:  FORT WORTH—A Fort Worth firm won a 7.2 million defense contract boost, according to the U.S. Department of  Defense. 

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McKinney’s Raytheon Wins $50 Million Contract Boost

Texas Business reports:  A McKinney firm won a $50 million military contract change, according to the U.S. Department of Defense. 

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Allen Retail Strip Sells

Texas Business reports:  Bethany Center, a 10,000-square-foot retail center located in Allen at the northwest corner of Bethany Blvd. and Hwy. 5, sold for an undisclosed amount.

It was sold through a partnership controlled by real estate developers Roger Gault of Gault Co. and Robert Gunby of RTG Capital LLC. 

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Texas Inflation Rates

Texas Business reports: The Trimmed Mean PCE inflation rate for March was an annualized 1.9 percent. According to the BEA, the overall PCE inflation rate for March was 2.3 percent, annualized, while the inflation rate for PCE excluding food and energy was 2.1 percent. 

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Eagle Ford Shale Oil Boom Leaves Poverty In Its Wake

GONZALES – On a chilly February morning, a pickup truck pulls up to a converted gas station near the city’s downtown. Two elderly men, each wearing two jackets against the cold, enter the office of the Gonzales Christian Alliance Ministry. 

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Lockheed Martin Wins $611 Million Contract for Production of First PAC-3 MSE Missiles

Texas Business reports:  DALLAS—Lockheed Martin won a $611 million contract from the U.S. Army Aviation and Missile Command for the first production order of the PAC-3 Missile Segment Enhancement (MSE) following the Army's Milestone C decision earlier this year.

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In Power Line Dispute, Rancher Questions Wiggle Room

RHOME — Johnny Vinson is not your typical underdog. At 82, he is a rancher who has sold more land than most rural Texans could imagine owning. And he has plenty left to stand on, including more than 3,500 acres in Wise County that have ample room for dozens of gas wells, grazing cattle, a ranch house and staff living quarters. 

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Former Employee at Desoto’s Medistat Group Associates Sentenced for Role in Health Care Fraud Conspiracy

Texas Business reports: DALLAS — Jerry C. Bullard, 57, of Mesquite, Texas, was sentenced this afternoon, by U.S. District Judge Sam A. Lindsay, to 33 months in federal prison and ordered to pay $317,779 in restitution, following his guilty plea in February 2012 to one count of conspiracy to commit health care fraud.  Bullard worked in the durable medical equipment department of Medistat Group Associates, Inc., an association of health care providers in Desoto, Texas. 

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Fort Worth’s Elbit Systems Wins $12.2 Million Helicopter Signal Contract

Texas Business reports: A Fort Worth firm won a $12.2 million defense contract, according to the U.S. Department of Defense. 

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Old Drilling Logs Help Researchers Map Brackish Water

Daniel Ortuño pulled a small piece of Texas history from a shelf in a building at the University of Texas at Austin. The yellowing piece of paper said that on Dec. 19, 1951, John L. Boyd began drilling a 1,350-foot-deep oil well through 17 layers of shale and limestone in Crockett County in southwest Texas.


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Farmers fighting wind erosion and continued drought

Texas Business reports: COLLEGE STATION – During the first week of April, parts of the North, East, Central and Rolling Plains regions received from 0.5 inch to 2 inches of rain, according the National Weather Service and reports from Texas A&M extension service personnel. 

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Addison’s Lone Star Aerospace Wins $8.7 Boost to War Game Studies

Texas Business reports: An Addison firm won an $8.7 million boost to a defense contract, according to the U.S. Department of Defense. 

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Texas Expands Closure of Oyster Harvesting Due to Algae

Texas Business reports: The Texas Department of State Health Services is temporarily closing bays along the Texas coast from Matagorda Bay to Corpus Christi Bay to the harvesting of oysters, clams and mussels because of elevated levels of an algae that can produce a toxin in some shellfish. DSHS previously closed the Galveston Bay system to harvesting effective March 13 for the same reason. Commercial and recreational harvesters should not harvest oysters, clams or mussels from these areas until further notice. 

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Regulations Could Harm Texas' Bid for Tesla Plant

Gov. Rick Perry, far from shy in his efforts to reel in jobs from other states — especially California — often declares Texas “wide open for business.” 

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