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Houston’s MEI Wins $9.7 Million Defense Space Contract

Texas Business reports:  A Houston firm has won a $9.7 million space contract, according to the U.S. Department of Defense.

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Texas Manufacturing Strengthens

Texas Business reports:  Texas factory activity increased again in September, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, rose markedly from 6.8 to 17.6, indicating output grew at a faster pace than in August.

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State hay supplies range from surplus to practically non-existent

Texas Business reports: COLLEGE STATION – What is the status of statewide hay supplies? It depends upon where you are, according to Larry Redmon, Texas A&M extension service state forage specialist, College Station.

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DME Owner Heads to Prison for Multiple Counts of Health Care Fraud

Texas Business reports: HOUSTON – Andrea Michelle Tellison, 47, was ordered to federal prison for eight years following her convictions of 14 counts of health care fraud and seven counts of aggravated identity theft, announced United States Attorney Kenneth Magidson. A jury convicted Tellison April 2, 2014, following three days of trial and less than two hours of deliberation.

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Economic Gains Likely to Tighten Job Market, Push Up Wages

Texas Business reports: Economic indicators released over the past two months present a picture of modest growth thus far in 2014. In its first estimate, second-quarter gross domestic product (GDP) growth came in at an annualized 4 percent, putting first-half average growth at 0.9 percent. Job gains decelerated slightly from June to July, but payrolls are still expanding at a healthy pace. Meanwhile, the unemployment rate increased slightly to 6.2 percent in July.

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Houston-area Diploma Mill Shut Down

Texas Business reports: HOUSTON—The Texas attorney general’s office resolved the state’s enforcement action against an “academy” that falsely claimed to be an accredited educational institution.

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Global Growth Outlook Weaker but Still Positive
Texas Business reports: The world growth outlook remains positive but has weakened slightly with recent data releases, especially in emerging economies. The International Monetary Fund (IMF) has reduced its forecast for 2014 global growth from 3.7 percent to 3.4 percent but kept its forecast for 4 percent growth in 2015 unchanged. Global risks include the expanding credit market in China, labor market slack and low inflation in the euro-area periphery, and the fledgling recovery in Japan. Full Story »
Regional Economic Growth Builds Momentum

Texas Business reports: The regional economy picked up pace in the second quarter, with payroll employment growing at a faster rate than in the first quarter. The Texas Business Outlook Surveys (TBOS) point to an uptick in activity in June and July. The July Beige Book continued to note healthy growth and optimism in outlooks. A strong energy sector, brisk activity in commercial real estate and lower economic uncertainty all seem to be helping Texas.

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Global Growth Outlook Weaker but Still Positive
Texas Business reports: The world growth outlook remains positive but has weakened slightly with recent data releases, especially in emerging economies. The International Monetary Fund (IMF) has reduced its forecast for 2014 global growth from 3.7 percent to 3.4 percent but kept its forecast for 4 percent growth in 2015 unchanged. Full Story »
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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Rice’s silicon oxide memories catch manufacturers’ eye

Texas Business reports:  HOUSTON—Rice University’s breakthrough silicon oxide technology for high-density, next-generation computer memory is one step closer to mass production, thanks to a refinement that will allow manufacturers to fabricate devices at room temperature with conventional production methods.


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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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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 »
Houston’s Kellogg Brown Wins $56.5 Million Defense Contract Boost

Texas Business reports:  A Houston firm won a $56.5 million contract change, according to the U.S. Department of Defense. 

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EPA Finalizes Greenhouse Gas Permit for $800 Million Houston Plant

Texas Business reports: HOUSTON—The U.S. Environmental Protection Agency (EPA) has issued a final greenhouse gas (GHG) Prevention of Significant Deterioration (PSD) construction permit to ONEOK Hydrocarbon. 

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Houston’s BP Energy Wins $42 Million Defense Contract

Texas Business reports:  A Houston firm won a $42.8 million energy contract, according to the U.S. Department of Defense. 

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EPA Finalizes Greenhouse Gas Permit for 1.2 Billion Brazoria Plant

Texas Business reports: DALLAS—The U.S. Environmental Protection Agency (EPA) issued a final greenhouse gas (GHG) Prevention of Significant Deterioration (PSD) construction permit to C3 Petrochemicals LLC in Alvin, Texas. 

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EPA gives final approval to OxyChem Texas plant

Texas Business reports: DALLAS—The U.S. Environmental Protection Agency (EPA) has issued final greenhouse gas (GHG) Prevention of Significant Deterioration (PSD) construction permits to Occidental Chemical Corporation (OxyChem) in Ingleside, TX. OxyChem’s permit allows the company to build an ethylene cracker.    

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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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Houston’s Shell Marine Wins $14.9 Million Contract Change

Texas Business reports: A Houston firm won a major change to an existing defense contract, the U.S. Department of Defense announced. 

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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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