Out of 26 million Texans, you may have an idea to change the world. You may have had several ideas to change the world. But only a tiny minority of you pushed through the U.S. Patent office from application to successful patent. We've seen Texans change the world many times over. Jack Kilby did it with Texas Instruments in 1958 with the integrated circuit, causing the start of the digital revolution, which, in part, is why you can read these words over your electronic device.
Over the last few years, Texas Business has brought its feature: Texas Business Patent of the Day. This list is of the ones that were either extremely clever, odd or strange. One thing becomes apparent from these patents and the patent that runs daily in Texas Business—Texans have a unique mind set.
Though the history of the Corn Dog is disputed, the State Fair of Texas claims to have introduced the Corny Dog sometime between 1938 and 1942. As a paean to that invention that now sits in the freezer section of every grocery store in the southwest, here are the fried foods the State Fair of Texas has introduced, or tried to introduce, in the last seven years.
Don't get caught up with John Wayne religion. For one thing, he's not Texan. He's in some fine movies involving Texas, most notably The Searchers, but none of his movies can make the best cut of Texas movies. Here's the short list.
Unsung Texas Business Journalists Mention that one is a reporter, and there's a spark of interest. Mention that one is a business news reporter, and watch the eyes glaze over. Except to the players, business and economic journalists are unappreciated. While many wish to become sports reporters when they grow up, most do not realize that business journalists cover the Real Game. Mention that reporter covers business, and watch the eyes glaze over. A toast to these below on the short list and the numerous unnamed ones slogging away. Full Story » TexasBusiness.com
Best Texas Mexican Food: The Short List No, we're not going to debate the difference between Tex-Mex, Mex-Tex, Mexican and Texican food. Just know these establishments are the pinnacle of Texas Mexican fare. No brag, just fact. Full Story » TexasBusiness.com
Best Texas Burgers Texas Burgers. . While a hamburger is merely sustenance and gratification for a meal, the memory a good Texas burger can give rise to Homeric odes. The short list. Full Story » TexasBusiness.com
Texas Business reports: HOUSTON—Synthesis Energy Systems Inc. announced its ZZ Joint Venture obtained the bank financing required to restart the plant for the previously announced cooperation agreement with Xuecheng Energy.
In a month and a half, drivers on Texas roads won’t have to dig through their glove compartments for their insurance cards when they are pulled over by police officers. They can just turn to their cellphones.
Texas Business reports: HOUSTON—The Texas Association of Public Employee Retirement Systems (TEXPERS), which represent more than 75 pension systems for police, firefighters and municipal employees across Texas, praised three money managers who parted from an organization for its advocating the abandonment of defined benefit plans.
Texas Business reports: HOUSTON—Beverly Hills, California-based Lucent Capital has arranged $11,835,000 in permanent financing for the recapitalization of Oak Forest Apartments, a 321-unit garden-style apartment complex in Houston, TX owned by an entity affiliated with Beverly Hills-based investment group Archway Holdings Corp.
Texas Business reports: AUSTIN—National Cooperative Bank (NCB), a financial services company that provides banking products to cooperatives nationwide, completed a $4.7 million loan for the Wheatsville Food Co-op in Austin.
Texas Business reports: HARLINGEN—Harlingen-based Texas State Bankshares Inc. and McAllen-based Border Capital Group Inc. agreed to merge Border Capital Bank with Texas Regional Bank, pending regulatory and shareholder approval.
Texas Business reports: DALLAS—Wingspan Portfolio Advisors, a Dallas-based diversified component and special mortgage servicer, acquired Dimont & Associates, the nation's leading hazard insurance claims management company, with offices in San Diego, California and Dallas, Texas.
Texas Business reports: AUSTIN—Texas Securities Commissioner John Morgan recently announced a report documenting the successful completion of the transfer of mid-sized investment advisers (IAs) from federal to oversight by state regulators.
Texas Business reports: FORT WORTH, TEXAS and MIAMI, FLORIDA—American Airlines and Farelogix reached a seven-year agreement in which Farelogix will continue providing enhancements and support for American's direct connect, a system which enables the sale of American's fares and other products by travel agencies.
Texas Business reports: SUNNYVALE, Calif. and AUSTIN, Texas—AMD closed its transaction with 7171 Southwest Parkway Holdings LP to sell and lease-back the company’s “Lone Star Campus” located at 7171 Southwest Parkway in Austin, Texas.
Texas Business reports: SUNNYVALE, Calif. and AUSTIN, Texas—AMD entered into an agreement to sell and lease-back its “Lone Star Campus” located at 7171 Southwest Parkway in Austin, Texas to 7171 Southwest Parkway Holdings LP, an affiliate entity of real estate investment company Spear Street Capital.
Texas Business reports: ABILENE, Texas—First Financial Bankshares Inc. entered into a definitive agreement to acquire Orange Savings Bank SSB for an expected combination of cash and stock purchase price of approximately $56.0 million.
TEXAS BUSINESS reports: FORT WORTH—Who would have thought a bankruptcy would have led to the creation of the world’s largest airlines based in Fort Worth that will dominate U.S. air traffic and absorb a competitor from Arizona?
Texas Business reports: WESTLAKE, Texas—Solera Holdings Inc., a provider of software and services to the automobile insurance claims processing industry, acquired 100% of the outstanding shares of HyperQuest Inc.
Texas Business reports: DENTON—Northstar Bank of Texas, a state chartered banking association headquartered in Denton, a member of Carlile Bancshares Inc., a bank holding company headquartered in Fort Worth, acquired controlling interest in Goldome Financial Inc., a Texas limited liability company headquartered in Flower Mound, Texas.
Texas Business reports: HOUSTON—Synthesis Energy Systems Inc. entered into a revised services agreement with Crystal Vision Energy Limited focused on growth of SES China, the Company's China business platform, via capital raising, M&A, and management services.
Texas Business reports: GRAND PRAIRIE, Texas—Six Flags Entertainment Corporation priced $800 million of 5.25% senior unsecured notes due 2021 in connection with a private offering that is exempt from registration under the Securities Act of 1933, as amended.
Texas Business reports: HOUSTON—Synthesis Energy Systems Inc. closed its strategic equity investment from Shanghai Zhongmo Investment Management Co., Ltd. of $6.27 million for 4,177,335 shares of SES common stock.
Texas Business reports: DALLAS—Cushing MLP Asset Management LP, a subsidiary of Swank Capital LLC, announced the name change of The Cushing Royalty Trust and Upstream MLP Index to The Cushing Upstream Energy Income Index.
Texas Business reports: WESTLAKE, Texas—Solera Holdings Inc., a provider of software and services to the automobile insurance claims processing industry, announced that one of its subsidiaries has completed the acquisition of substantially all of the assets of PS Holdings LLC, whose services are sold under the APU brand name.
Texas Business reports: FORT WORTH and HOUSTON—Union Drilling Inc., a land drilling services and equipment contractor headquartered in Fort Worth, Texas, and Sidewinder Drilling Inc. , a Houston-based land drilling company controlled by Avista Capital Partners, entered into a definitive agreement and plan of merger pursuant to which Sidewinder will acquire all of the outstanding shares of Union Drilling common stock in an all-cash tender offer valued at approximately $242 million.
Texas Business reports: HOUSTON—Synthesis Energy Systems Inc. announced the closing of its strategic equity investment from Hongye International Investment Group Co. Ltd. for a total of $8.7 million, representing 5,777,700 shares of SES common stock, or a 9.99% ownership interest.
Texas Business reports: FORT WORTH—Intervale Capital, a private equity firm focused on the oilfield services industry, sold Ulterra Drilling Technologies LP to ESCO Corporation for $325 million in cash, subject to customary closing adjustments.
Texas Business reports: THE WOODLANDS—Louisiana’s The Shaw Group Inc. signed a definitive merger agreement with Texas-based Chicago Bridge & Iron under which CB&I will acquire Shaw in a cash and stock transaction valued at approximately $3 billion.
Texas Business reports: DALLAS—Southport Lane, a New York-based private equity firm, through its subsidiary Lonestar Holdco LLC, reached a definitive agreement with Dallas National Insurance Holdings to acquire 100% of Dallas National Insurance Company, a Texas based property and casualty insurer, founded in 2005.
Texas Business reports: LEWISVILLE—Orthofix International NV completed the divestiture of its Sports Medicine Business Unit, Breg Inc., to Water Street Healthcare Partners, a strategic private equity firm focused exclusively on the health care industry.
Texas Business reports: SNYDER—Former west Texas business Snyder Brick & Tile will auction its assets Tuesday June 19, 2012 at 11 AM including a 63,950-square-foot industrial warehouse manufacturing property on 9.188 acres, equipment and surplus tile inventory.
The Texas News Scrawl is a handy reference to stories Texas Business recommends from other news sources. Some of the stories that Texas Business currently suggests include: Robert Rodriguez breathes new life into an old vampire favorite; ClubCorp buys Prestonwood Country Club in Dallas and Plano; Office Depot overcharged Dallas by up to $3.6 million, city auditor finds; Texas power market monitor resigns amid unresolved reform debate; U.S. Supreme Court denies review of Farmers Branch immigration ordinance; Aggie Vanishing Act: Sale of Texas Wesleyan’s law school to A&M leaves alumni out in the cold;ExxonMobil CEO Doesn't Want a Fracking Operation Near His Backyard bDrowned bridge worker’s employer had prior OSHA violations;and more.