11/21/2009
Personal checks becoming currency of holidays past Don't be surprised while shopping this season to find that some stores no longer accept checks. Check fraud is a costly problem for the retail industry, and stores just don't see many shoppers pulling out a checkbook anymore. Pamela Yip: Tips for safe passwords, accounts GuideLive: Black Friday deals Blog: Shopping Twitter: Get daily updates on local sales, deals
Attorney says oil companies in trouble if Oscar Wyatt to blame for suicide bombings WASHINGTON – An attorney for Texas oil mogul Oscar Wyatt Jr. said Friday that a pending lawsuit accusing Wyatt of indirectly funding Hamas terrorists could have wide-ranging ramifications for the U.S. oil industry.
Texas gains jobs even as unemployment rate still rises to 8.3% The Texas economy threw off mixed signals in October, with expanding payrolls but a rising unemployment rate.
11/20/2009
Construction to start on huge northeast Dallas shopping center SONYA N. HEBERT/DMN
Ground will be broken next week on Timbercreek Crossing, which will include Walmart, Sam’s Club and J.C. Penney stores. Developer Trammell Crow endured a long, sometimes contentious zoning debate on the 40 acres that once held apartments.
After almost four years of planning and preparation, construction will start next week on Trammell Crow Co.’s huge Timbercreek Crossing shopping center in northeast Dallas. Walmart, Sam’s Club and J.C. Penney stores, will anchor the 40-acre retail development at Northwest Highway and Skillman Street. “East Dallas is an underserved market and has seen very little retail investment,” said Denton Walker, Crow’s senior managing director. “This is a natural retail corner with good access.”
11/21/2009
Dallas commercial property likely to drag in 2010, panel says Top commercial real estate executives aren't looking for a sharp rebound next year.
Barclays Capital acquires firm with stakes in Dallas' Crescent, Fountain Place office buildings Ownership in some of the Dallas area's most prominent office towers has changed hands.
President of Chili's, On the Border suddenly quits Todd Diener, one of the top executives at Dallas-based Brinker International Inc., unexpectedly resigned Friday in what the company described as a "mutual agreement."
7-Eleven hires CB Richard Ellis to help with growth plans 7-Eleven Inc. said Friday it has hired CB Richard Ellis Group Inc. to help it speed up its aggressive growth plans to add 75 stores in the Dallas-Fort Worth area.
11/20/2009
Texas added 41,700 jobs in October AP
At 8.3 percent, Texas' unemployment rate remained significantly below the national average.
State officials cautioned that a month of jobs gains doesn't necessarily mean Texas will post sustained job gains over the next few months. Fed economist: Dallas-Fort Worth job losses will top 100,000 Search job listings Best places to work in Dallas-Fort Worth Link: Apply for unemployment benefits Blog: D-FW economy watch
Tech gadgets under $50 that are sure to delight Dallas Morning News technology writers Victor Godinez and Jim Rossman offer some gift ideas that won't break the bank. Blog: Technology
Credit analysts put Galleria office towers under scrutiny
Chili's president resigns from Brinker International Todd Diener, one of the top executives at Dallas-based Brinker International Inc., has resigned effective immediately, the company said Friday.
Texas high court agrees to rehear Exxon sabotage claims The Texas Supreme Court has agreed to grant a rehearing in the nearly 15-year legal battle over accusations that Exxon Mobil Corp. sabotaged abandoned wells.
Homebuilder D.R. Horton narrows 4Q loss D.R. Horton Inc. said Friday its loss in its fiscal fourth quarter narrowed despite a plunge in revenue as the homebuilder wrote down fewer costs.
Dr Pepper Snapple to issue its first quarterly dividend
Barclays takes over Crescent Real Estate partnership Deal includes Crescent in Uptown, 35 other buildings nationwide
Fed economist: Dallas-Fort Worth job losses will top 100,000 DMN commercial real estate panelists give their take on the prospects for 2010
Dallas man 2nd in 'newpreneur' contest Drew Jones of D. Jones Tailored Collection in Cedar Hill placed second and won $25,000 in the Newpreneur of the Year contest sponsored by Inc. magazine and Alibaba.com.
Executives: U.S. wind-power blade plant planned Executives at Dallas-based Tang Energy, a partner in a Chinese wind-power blade manufacturing plant, say they are planning a factory in the United States to capture some of the resurgent U.S. market for renewable energy.
11/19/2009
After heavy discounts this year, hotels expect rates to rise MICHAEL AINSWORTH/DMN
Attendees sign in for a ministries conference at the Westin Dallas Fort Worth Airport Hotel.
Desperate to fill empty rooms, local innkeepers mounted a price war in 2009. But with consumers expected to gain a smidgen of confidence, and the spigot of hotel openings at a trickle, industry insiders say travelers next year can expect to see fewer freebies and a steeper tab.
Report: Nearly 10% of Texans running late on home loans FILE/AP
Texas' loan delinquency rate is still slightly behind the national average.
About 2 percent of the state's mortgage holders were already in foreclosure in the third quarter, the Mortgage Bankers Association reported Thursday.
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Mortgage tips and tools Map: Dallas-area home sales and prices Blog: Economy
Dell profit falls 54%; Report pulls shares down Dell Inc. said Thursday that its net income dropped 54 percent in the latest quarter and amid signs the company isn't fully benefiting from the computer industry's fledgling recovery.
Most TGI Friday's to be open on Thanksgiving For the first time in more than a decade, all company-owned locations of Carrollton-based TGI Friday’s and nearly all franchised outlets will be open on Thanksgiving, the company said Thursday.
FAA glitch causes flight delays; Dallas-Fort Worth impact minimal Widespread flight cancellations and delays are occurring nationwide because of a problem with the FAA system that collects airlines' flight plans.
GameStop bucks trend, beats Wall Street estimates The Grapevine-based company said sales for the quarter ending Oct. 31 came in at $1.83 billion, 8.2 percent higher than the $1.7 billion in the third quarter of last year.
Sally Beauty sees 4Q sales, profit rise Denton-based Sally Beauty Holdings Inc. on Thursday reported higher fiscal fourth-quarter profits and sales, while most retailers reported results below a year ago.
American Airlines flight attendants preview strike's impact The flight attendants at American Airlines Inc. are a long way from striking, but the Association of Professional Flight Attendants tried Wednesday to give passengers an idea of what a work stoppage would look like.
Judge rejects AT&T's bid to pull Verizon ads A federal judge on Wednesday denied a request by AT&T Inc. to force competitor Verizon Wireless to pull its "There's a Map for That" commercials.
Medical City CEO takes exec job at Presbyterian Texas Health Resources, the area's largest hospital system, said Wednesday that it hired the CEO of a competitor to become president of Texas Health Presbyterian Hospital of Dallas.
11/18/2009
Texans to spend more for holidays FILE/Special to DMN
Black Friday deals brought out the crowds at Ridgmar Mall in Fort worth last year.
Texans plan to spend $1,380 on gifts and entertaining, more than the $899 average per household last year and a whopping 21 percent higher than the national average of $1,145.Link: Follow us on Twitter for deals in Dallas-Fort Worth Blog: Shopping More shopping news
Smart Choices food labels lead to litigation RUSSEL A. DANIELS/AP
Kellogg has had to back off from health claims it has made about some of its cereals.
General Mills alone is facing eight proposed class-action suits over the health claims it made for Cheerios cereal and Yoplait yogurt.
Delta Air Lines, SkyTeam offer $1B package to Japan Airlines Delta Air Lines and its alliance partners are making a billion dollar offer to lure loss-making Japan Airlines from its current affiliation with American Airlines.
Immigrant jobless rate soared during recession Hit hard by the housing bust, immigrants had an unemployment rate of 9.2 percent during the first three months of 2009, compared to 7.8 percent jobless rate for those born in the United States, according to a study released Wednesday by the Migration Policy Institute.
Weitzman Group adds executive Dallas-based retail brokerage company Weitzman Group said Wednesday it’s expanding its investment properties operations with the addition of a new executive.
Waiting period expires for Xerox-ACS merger Xerox Corp. is a step closer to acquiring Dallas-based Affiliated Computer Services Inc., now that the U.S. antitrust review period for the deal has expired.
J.C. Penney is turning last page on its Big Book J.C. Penney
Penney's first catalog (left) and its last Big Book.
Plano-based J.C. Penney confirmed that its fall/winter 2009 catalog is its last semiannual, telephone-book-size volume. Latest Penney's news Link: Penney's Web site Blog: Shopping Tell us: What do you think about Penney's decision?
Consumer prices up 0.3% in October Consumer prices were driven higher by another increase in energy prices and the biggest jump in new car prices in 28 years. Still, prices are lower than they were a year ago and inflation is expected to remain subdued amid a slow economic recovery. Calculate your personal inflation rate
Obama warns of 'double-dip' recession The president said that while tax breaks are being considered to encourage businesses to hire, the administration is wary of undermining confidence in the economy.U.S. new-home construction plunges Consumer prices up 0.3% in October Immigrant jobless rate soared in recession Blog: Economy Watch
U.S. new-home construction plunges 10.6% Construction of new homes unexpectedly plunged last month, as builders waited to see whether lawmakers would extend a tax credit for homebuyers.
Health group finds high lead levels in toys Children's toys carrying the Barbie and Disney logos have turned up with high levels of lead in them, according to a California-based advocacy group – a finding that may give consumers pause as they shop for the holiday season.
11/17/2009
Dallas investor, Chinese partners propose U.S. wind turbine plant Dallas investor Cappy McGarr said Tuesday his Chinese partners in a $1.5 billion West Texas wind energy farm have agreed to build a turbine manufacturing plant in the United States.
Energy Future Holdings' debt rating restored to B- Bond ratings agency Standard & Poor's upgraded Energy Future Holdings debt on Tuesday but warned that the company still faces increasing risk.
Costco stops carrying Coke drinks in price dispute Costco is no longer carrying Coca-Cola products in its stores nationwide because of a pricing dispute with the beverage maker.
Airline biz blog: Fare surcharges spread further into 2010 United Airlines , Delta Air Lines and Northwest Airlines have imposed peak-day surcharges on more days going into spring 2010.
New AT&T netbooks to feature Windows 7 AT&T
The Acer Aspire One is one of two netbooks AT&T will start offering later this month.
The mini laptops running the scaled-back "Starter" edition of Microsoft's newest operating system will cost just $199 but will require two-year contracts just like a cellphone. Latest AT&T news Latest Windows 7 news Blog: Technology
Wholesale inflation up less than expected in October The Labor Department says its Producer Price Index rose 0.3 percent last month, after falling 0.6 percent in September. Analysts had expected a 0.5 percent gain last month.
Sun appears to be setting on NRG's plans for Texas solar plant NRG Energy's plans to build Texas' largest solar plant appear close to dying.
Prestige Ameritech consolidating units in North Richland Hills Prestige Ameritech, which makes surgical masks, has leased a former Kimberly-Clark manufacturing facility in North Richland Hills.
Warren Buffett's Berkshire Hathaway acquires Exxon stake Billionaire Warren Buffett's company bought a nearly $60 million stake in Exxon Mobil Corp., trimmed holdings in oil rival ConocoPhillips and nearly doubled its stake in Wal-Mart Stores Inc. during the latest quarter.
11/16/2009
Pizza Hut studying move from Addison to Plano's Legacy Park Plano Mayor Phil Dyer confirmed Monday that Pizza Hut is considering the city for its headquarters, adding, "We're delighted to be under consideration."
Networking for client referrals vital to senior-care businesses MONA REEDER/DMN
Merry Bailey (right) of Timberlawn Mental Health System and Nichole Nguyen of Silverado Senior Living exchanged information at a recent networking event.
For small businesses that care for older adults, networking is more than a buzzword. It’s the only way to survive and thrive. Without the client referrals that come from others in the industry, a senior-care company can't operate.
Retail sales rise 1.4 percent in October Auto sales helped drive the increase, but broader consumer spending remains under pressure, raising questions about the durability of the recovery.Blog: ShoppingLink: Get sales alerts via TwitterBe cautious with debit cards Retail report lifts stocks Businesses slash inventories again
Millions will have to repay part of Making Work Pay tax credit Taxpayers are at risk if they have more than one job, are married and both spouses work, or receive Social Security benefits while also earning taxable wages.Download: Treasury Inspector General for Tax Administration report Link: Inspector General's Web site
Prestige Ameritech leases manufacturing facility
11/15/2009
Neiman Marcus letting children climb into store displays OSCAR DURAND/DMN
Ignaz Gorischek, vice president of store development, puts a cap on the end of a tunnel for the store's interactive window display.
Crawling through a plate glass window from the city sidewalk into the big fancy, downtown Dallas department store — now that's an idea to appeal to the smallest shoppers. Link: Neiman Marcus Photos: A few of Ignaz Gorischek's personal favorite displays
Affiliated Computer Services founder Darwin Deason set to become a billionaire in Xerox deal There's a good chance Darwin Deason is about to become a billionaire.
Burger King operators take beef to court Burger King franchisees sued the hamburger company this week over its $1 double cheeseburger promotion, saying they're losing money on the deal and the company can't set maximum menu prices.
Books: 'The Worst Case Scenario Business Survival Guide,' 'Lead Your Boss' The Worst-Case Scenario Business Survival Guide
Letters from readers Readers sound off about business issues.
More holiday cards are debit; be careful how you use them More consumers, not wanting to take on more debt, are relying on debit cards when they step up to the cash register. But users need to protect them as they would their credit cards. Fed to change overdraft rules for ATMs, debit cards Link: Credit card tools More personal finance tools and resources
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