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Fort Worth’s Lockhead Wins $19.9 Defense Contract Change

Texas Business reports:  A Fort Worth firm won a $19.9 million contract change to a defense contract, according to the U.S. Department of Defense. 


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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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Pudge Rodriguez joins Fox Sports Southwest

Texas Business reports: Ivan "Pudge" Rodriguez, one of Major League Baseball's all-time greatest catchers and a member of the Texas Rangers Baseball Hall of Fame, has joined FOX Sports Southwest as an analyst on RANGERS LIVE pre and postgame coverage. The announcement was made by FOX Sports Southwest Senior Vice President and General Manager Jon Heidtke. 

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Texas A&M System Continues $450 Million Redevelopment of Kyle Field

Texas Business reports: COLLEGE STATION, Texas— Kyle Field is currently undergoing a $450 million redevelopment project that began immediately following the last home game of the 2013 Texas A&M football season. It is one of the most famous venues in college football. 

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$5.5  Million Upgrade Planned for UTA Softball, Baseball Complexes | softball, baseball, UTA,
$5.5 Million Upgrade Planned for UTA Softball, Baseball Complexes

Texas Business reports: UT Arlington softball and baseball players will have clubhouses, training facilities and press boxes worthy of a world-class, collegiate program by January 2015 as a result of a $5.5 million softball/baseball complex expansion and renovation plan. 

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Emergency Ice. | Emergency Ice, C.P. Gian,
Emergency Ice. | Emergency Ice, C.P. Gian,
Emergency Ice. Photo by C.P.Gian. Copyright 2014.
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Economics

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 »
 
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