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05/12/2008
Hewlett-Packard agrees to buy EDS for $13.9B
Hewlett-Packard says it will create a new business group branded as "EDS – an HP company," which H-P expects to more than double its services revenue and make it a bigger challenger to IBM.
 Analysts see benefits in Hewlett-Packard's purchase of EDS
05/13/2008
Dallas-Fort Worth home prices down as national slump continues
In the D-FW area median single-family home sales prices were down 2.1 percent from first quarter 2007, and prices nationwide plunged 7.7 percent in the first three months of 2008.
Interactive map: D-FW home sales and prices
 Residential real estate news
Airline industry group expects small decline in summer traffic 11:24 AM CT
The Air Transport Association is predicting that passenger traffic will be down 1 percent for U.S. airlines this summer.
April retail sales report shows consumers cutting back on spending
The Commerce Department reported Tuesday that retail sales dipped 0.2 percent last month, right in line with economists' expectations. It was the second drop in the past three months and was led by a 2.8 percent decline in auto sales, the biggest setback in that category in 10 months.
Watch maker Fossil's earnings fall short of analyst expectations
Richardson-based watch maker Fossil Inc. said Tuesday its first-quarter profit climbed 21 percent, helped by international growth and strong watch and jewelry sales, but fell short of Wall Street expectations.
05/12/2008
Clouds of doubt hang over Vought
 Business Wire Adapting to Boeing’s new business model has been tough, Vought CEO Elmer Doty says, but the Dallas firm is up to the job. Vought has been at the center of problems for Boeing's 787 Dreamliner, but the Dallas-based subcontractor says it has made huge improvements.
Burlington Northern Santa Fe buys 198 acres at Dallas Logistics Hub
A unit of Fort Worth-based Burlington Northern Santa Fe has purchased 198 acres of land at the Dallas Logistics Hub in Lancaster and Dallas, the developer Allen Group said Monday. The move could jump-start investment in southern Dallas County, hub developer Allen Group said.
05/13/2008
Southwest mortgages 21 jets
Southwest Airlines Co. has borrowed $600 million by mortgaging 21 of its Boeing 737 airplanes, the company disclosed Monday.
National Power raising electricity prices
Electricity retailer National Power Co. promised customers a fixed rate of around 11 cents per kilowatt-hour. Last week, the company took that promise back.
Kroger expands $4 drug program, following Wal-Mart
One week after Wal-Mart Stores Inc. announced upgrades to its popular $4 drug program, Kroger Co. says it will implement identical changes to its $4 drug plan today.
05/12/2008
McCain reveals emissions proprosals
WASHINGTON – Republican presidential candidate John McCain would push for mandatory cuts of carbon dioxide emissions to curb global warming, but his system would be less restrictive than competing plans and offer flexibility for the biggest polluters.
05/13/2008
CREW contest to redesign old building gives students a taste of a career choice
The plan: Redevelop a vacant 1929 building at the edge of Deep Ellum.
Analysts see benefits in H-P's bid for EDS
If Hewlett-Packard Co. purchases Electronic Data Systems Corp., it will have a tough time integrating the Plano-based computer services company.
05/12/2008
Analysts see benefits in Hewlett-Packard's purchase of EDS
Hewlett-Packard Co. could have a tough time integrating Plano-based computer services company EDS.
05/13/2008
Businessman charged after refusing to hang up cellphone on flight
An Austin businessman was charged with disorderly conduct after he allegedly refused to stop using his mobile phone on a flight Monday from Austin to Dallas Love Field.
Albertsons selling 72 fuel stops to Valero
Albertson's LLC has agreed to sell 72 convenience store and fueling kiosks, including 22 in Dallas-Fort Worth, to San Antonio-based Valero Energy Corp.
05/12/2008
Yip: Take a stand against credit card tricks
Consumers should be applauding and pushing rules proposed by the Federal Reserve and other regulators to rein in some much-criticized practices of credit card issuers.
Estate planning: Be particular about power of attorney
Kroger expands $4 drug program, following Wal-Mart
One week after Wal-Mart Stores Inc. announced upgrades to its popular $4 drug program, Kroger Co. says it will implement identical changes to its $4 drug plan today.
CREW contest to redesign old building gives students a taste of a career choice
The plan: Redevelop a vacant 1929 building at the edge of Deep Ellum. The developers: Twenty-five teenage girls from the Irma Lerma Rangel Young Women's Leadership School in Dallas.
Airline mortgages 21 jets
Southwest Airlines Co. has borrowed $600 million by mortgaging 21 of its Boeing 737 airplanes, the company disclosed Monday.
Albertsons selling 72 fuel stops to Valero
Albertson's LLC has agreed to sell 72 convenience store and fueling kiosks, including 22 in Dallas-Fort Worth, to San Antonio-based Valero Energy Corp.
National Power raising electricity prices
Electricity retailer National Power Co. promised customers a fixed rate of around 11 cents per kilowatt-hour. Last week, the company took that promise back.
Dallas-based Vought Aircraft reports higher first-quarter revenue, profit
Dallas-based Vought Aircraft Industries Inc. reported Monday higher first quarter revenue and profit, but its cash flow turned negative due in part to Vought’s difficulties ramping up work on Boeing Co.’s 787 jet.
Irving Mall to get a new look by holidays
Rep. Johnson's seminar to promote homeownership
Woman gets 9 years in credit card case
Austin man charged after refusing to hang up cellphone during Southwest Airlines flight
A Southwest Airlines passenger flying from Austin to Dallas Love Field on Monday morning was met by law enforcement officials after he refused to stop using his mobile phone during the flight.
As electricity rates go up, natural gas' high prices, deregulation blamed
If you haven't locked in your electricity rate, expect to pay more for power this summer.
Be picky to make sure power of attorney is honored
The durable power of attorney is a critical component of estate planning. But it could run into roadblocks if you don't craft it correctly. Many financial-services companies and other businesses are skittish about complying with a power of attorney unless they're certain the document is genuine and the person claiming to have that authority isn't acting fraudulently.
2nd big apartment project going up near Parkland hospital
Developers have broken ground just a block from Parkland Memorial Hospital on a second big apartment community for the neighborhood.
Dallas Center for the Performing Arts, Lexus team up in sponsorship deal
The Dallas Center for the Performing Arts will announce today Monday that it has signed a multimillion-dollar sponsorship deal with the Dallas-Fort Worth Lexus Dealer Association.
05/11/2008
Mark Cuban: My 2 cents on CEO pay
There is a game played by CEOs with the corporate issuance of lottery tickets, otherwise known as stock. Stock can be issued as warrants, options, restricted or unrestricted stock. No matter what you call it, every CEO asks for equity, knowing that the only goal is to hit the jackpot.
Ex-con hunting funding to develop devices that fight identity theft
 REX C. CURRY/Special Contributor Ray Beasley talks to Adamson High School students on Career Day about his drive to develop a device to prevent identity theft despite a past that includes prison. Ray Beasley developed his business idea while serving time in Texas prisons, and his "brain trust" is made up of fellow inmates convicted for the crime he's now trying to prevent.
05/09/2008
Travelers feeling weighed down with airline fees
 MICHAEL AINSWORTH / Special to DMN Brothers Mark (left) and Bill Shaw attempt to check in more than one bag at the American Airlines terminal at D/FW Airport on Wednesday. Starting Monday, most major airlines began charging $25 for a second checked bag to domestic passengers who aren't elite frequent fliers or sitting in premium class. American Airlines added a similar fee that begins next Monday.
05/11/2008
Nissan, Mazda offer workaday world escapes with 350Z Nismo, RX-8
05/09/2008
Victory developer shifting focus from condos to office space
 FILE/DMN The office buildings at Victory are currently more than 80 percent leased, including one still under construction. Ross Perot Jr. said Friday that his firm Hillwood will delay work on more high-rise condominiums and hotels rooms to focus on additional office space. Hillwood has quietly postponed construction of Victory’s next big hotel and condo project, which was to include a Mandarin Oriental Hotel, luxury condos office space and retail.
Real estate capital will remain tight, industry experts say
The U.S. economy has provided some signs of an easing credit crunch since the Federal Reserve’s rescue of investment bank in mid-March, but capital will continue to be tight for the near term, a panel of seven real estate and investment experts said Friday at an Urban Land Institute conference in Dallas.
U.S. housing rebound is a long way off, industry leaders say
Economists and housing industry leaders meeting in Dallas this week predict it will be very late 2008 or into 2009 before the battered home market begins to recover.
Amazon says it owes no sales tax to state
Amazon.com Inc. said Friday it believes it's in compliance with state laws after the Texas Comptroller's Office said this week it is investigating whether the Internet retailer should charge sales tax to Texas customers.
A.H. Belo names new general manager for Belo Interactive Media
A.H. Belo Corporation, owner of The Dallas Morning News , has named longtime technology executive Dave Ellett senior vice president and general manager of Belo Interactive Media.
Sally Beauty Holdings 2Q results beat expectations
The Denton-based company also said it purchased Pro-Duo NV, a beauty-supply chain with stores in Belgium, France and Spain, for 19.3 million Euros ($29.8 million) to expand its international presence.
Texas gas prices set another record high
Retail gasoline prices continued to climb to new record heights this week, according to a weekly survey released Friday.
March trade deficit drops more than expected
The U.S. trade deficit narrowed sharply in March as demand for imports fell by the largest amount since the last recession was ending.
Carl Icahn prepared to buy Circuit City if Blockbuster can't
 FILE/AP Blockbuster has announced a takeover bid for Circuit City with plans for creating a huge chain that would sell electronic gadgets and rent movies and games. Circuit City Stores said Friday it will allow Dallas-based video rental chain Blockbuster, and its largest shareholder Carl Icahn, to conduct due diligence in connection with Blockbuster's bid to buy the consumer electronics retailer.
05/08/2008
Dallas-Fort Worth commercial real estate market better than most, execs say
Commercial real estate executives from around the country meeting in Dallas this week may not agree about where the national economy is going or how long the current credit crunch will last. But there is a consensus about how much better the North Texas property market and economy is doing than most of the rest of the nation.
Amazon shoppers may have to pay sales tax soon
Texans who shop Amazon.com to avoid paying sales taxes may not have that luxury for long. The Texas Comptroller's Office is investigating whether the Internet retail behemoth, with sales last year of $14.8 billion, owes Texas possibly millions of dollars in uncollected sales taxes on purchases made by its customers in the state.
Home prices up overall, but not in all areas of Dallas
Tax values of Dallas-area homes have jumped about 70 percent since the early 1990s. But the recent increases differ dramatically by area of town.
Interactive map: Dallas-Fort Worth home sales and prices
Experts: Market recovery to be slow
Steve Brown: Area Housing values are slow to rise, slow to fall
05/09/2008
Oil tops $126 per barrel ahead of U.S. driving season
Oil prices surpassed a record $126 per barrel Friday on the eve of the U.S. driving season as a weakening dollar drove investors to snap up commodities.
Clear Channel's revenue, profit soar
The San Antonio-based company said Friday it earned $799.7 million or $1.61 per share in the first three months of the year. That is well above the $102.2 million or 21 cents per share it earned in the same period a year ago.
05/08/2008
AutoNation moves Bankston Chevrolet to new LBJ site
 NATALIE CAUDILL/DMN Bankston Chevrolet has moved to a site on LBJ Freeway that once belonged to W.O. Bankston Lincoln Mercury. In a show of support for General Motors Corp., AutoNation Inc. has moved Bankston Chevrolet from its 45-year-old facility on Northwest Highway to a newer, better site on LBJ Freeway. The move runs counter to a trend among some big dealership groups that want to divest their Detroit Three dealerships as they continue to lose market share.
05/09/2008
Leslie Berkman: Surviving the bubble's burst in Riverside, California
A couple of years ago, it seemed Inland Southern California housing prices had nowhere to go but up. Homeowners gasped and thanked their lucky stars as each month they grew richer.
05/08/2008
Realtors say lending practices holding back housing recovery
Irving real estate agent Charles McMillan, president-elect of the National Association of Realtors, blames mortgage firms for keeping potential buyers out of the market.
Interactive map: 2007 Dallas-Fort Worth foreclosures by ZIP code
Dallas activist group plans foreclosure protest
Report: Dallas-Fort Worth is a good place to build home equity
 FILE/AP Residential values in many coastal cities have decreased dramatically and are still falling. A new study projects that D-FW homebuyers could see one of the best increases in equity in the country during the next few years. But analysts caution not to get carried away with the data.
House passes housing rescue plan
Realtors say lending practices holding back housing recovery
Second shift goes back to work next week at Arlington GM plant
With demand down for the full-size SUVs that Arlington builds, GM first closed the plant for three weeks and then scheduled only the first shift to work this week.
Dave & Buster's exec named to Tuesday Morning board
TGI Friday's president heading to Applebee's
The Carrollton-based operator of T.G.I. Friday's restaurants in the U.S. is shopping for a new top executive after losing its president and chief operating officer this week to the competing Applebee's chain.
Activist group plans foreclosure protest at Washington Mutual's Dallas office
The protest is one of 20 being planned by ACORN at Washington Mutual offices around the country.
Razzoo's settles sex discrimination lawsuit with male bartenders
The EEOC claimed that Razzoo’s had a plan of establishing an 80-to-20 ratio of women to men behind the bar. Male applicants and servers had planned to testify that managers told them Razzoo’s wanted “mostly girls behind the bar,” the commission said.
J.C. Penney's monthly sales fall less than expected
 FILE/AP Northeast and central states were the best performing regions for Plano-based J.C. Penney. Among Dallas-Fort Worth retailers, Neiman Marcus said April sales declined, and heavy discounts raised Zale's third-quarter sales. Nationally, anyone selling gasoline, such as Wal-Mart and Costco, got a bump up in sales, but most retailers don’t have pumps in their parking lots.
American Airlines plane loses panel after takeoff, continues flight to Paris 
American Airlines Inc. is investigating why a wide-body jet lost an exterior access panel shortly after it took off April 20 from Dallas/Fort Worth International Airport on its way to Paris.
Jobless claims post sharp decline, led by Texas
The Labor Department reported Thursday that applications for unemployment benefits fell to 365,000, a decline of 18,000 from the previous week. Economists had been looking for a much smaller decrease of around 5,000.
05/07/2008
Developers plan apartment projects near Dallas Farmers Market
Developers are sizing up two key tracts near the Dallas Farmers Market, planning to construct hundreds of apartments.
Dallas-Fort Worth pre-owned home sales drop 11%
Home sales prices in April were also down 3 percent from a year earlier, according to statistics released Wednesday from Texas A&M University’s Real Estate Center and the North Texas Real Estate Information Systems.
TI, others see potential for smart video security systems
 TI A bank of monitors that are part of the smart security systems for the Olympics in Beijing. Security firms are blanketing Beijing with smart video systems. Such technology already protects monuments such as the Statue of Liberty and adds profit for manufacturers such as Texas Instruments, which makes chips for systems. But the real benefits will come over the next few years as smart video spreads from monuments to malls.
American Airlines ranks worst in on-time arrivals among U.S. carriers
 FILE/AP American and American Eagle were beset by bad weather in March, including at least six days of storms at DFW Airport. The Fort Worth-based airline canceled a greater percentage of any flights than any other airline except partner American Eagle, the U.S. Department of Transportation reported. Dallas-based Southwest Airlines finished sixth overall and third among the top 10 airlines.
 Airline Biz blog
Investor buys apartment complexes in Duncanville, Mesquite
The properties are the 440-unit Wimberley Park apartments at 800 Link Drive in Duncanville apartments and the 513-unit Camelot Village apartments at 4200 E U.S. Highway 80 in Mesquite. Terms of the purchase were not disclosed.
Oil nears $124 a barrel; gas prices rise, too
Oil futures rose to a new record above $123 a barrel Wednesday after the Energy Department reported an unexpected drop in diesel and heating oil supplies last week. At the pump, gas prices rose for the first time since last week.
Fluor's board OKs 2-for-1 stock split
Shares in the engineering, procurement and construction giant have tripled in price over the last three years, as the company has cashed in on a global construction boom in oil and gas, infrastructure and other areas.
Dr Pepper Snapple shares gain on first day
Plano-based Dr Pepper Snapple Group Inc. closed at $25.50, up 45 cents, or 1.8 percent on the New York Stock Exchange. Volume was nearly 15 million shares.
Justice Department reviews Odyssey HealthCare unit
The U.S. Justice Department is investigating allegations that VistaCare Inc. improperly billed the federal government for hospice services.
Arbitrator upholds vote to establish nurses' union at Tenet hospital in Houston
Texas affiliate of the National Nurses Organizing Committee/California Nurses Association voted March 27 to organize nurses at Tenet Healthcare Corp.'s Cypress Fairbanks Medical Center in Houston.
Pioneer Natural Resources shares rise after earnings report
The Irving-based oil and gas producer said its first-quarter earnings more than quadrupled on expanding production and sales of oil and gas.
Southwest Airlines boosts Denver service
Southwest Airlines Co. said Wednesday it’ll continue its rapid expansion in Denver on Aug. 4 with flights to three additional cities and an additional flight to an existing market.
Minyard giving free prenatal vitamins to pregnant women
The Coppell-based supermarket chain said its free offer is for 12 months, including three months after delivery, and is part of its new community-based "Start Life Healthy" initiative.
Exxon to explore for natural gas in South Texas
Irving oil giant Exxon Mobil Corp. signed a deal with Newfield Exploration Co. to explore for natural gas in South Texas, continuing the trend of working with local companies to produce oil and gas close to home.
U.S. pending home sales hit new low in March
The National Association of Realtors' seasonally adjusted index of pending sales for existing homes fell to 83.0 from a downwardly revised February reading of 83.8, the index's previous low. The index stood at 103.9 in March 2007.
Alliance Data Systems restarts stock buyback program
The repurchase program had been suspended in May 2007 as required by the merger agreement then in effect with Blackstone Group. That deal was terminated last month.
Huge Addison redevelopment may boost population by 60%
Developer UDR Inc.'s $1 billion Vitruvian Park project could ultimately house 10,000 or more residents. Construction gets under way Thursday on the first 667 apartments in the sprawling redevelopment. Plans call for almost 6,000 apartments to be built altogether.
Heinz to close plant in Dallas, cut 200 jobs
Work now done at the plant will be transferred to Heinz facilities in Mason, Ohio; Jacksonville, Fla.; and Chatsworth, Calif., according to the Pittsburgh-based food company.
Dr Pepper Snapple makes debut Wednesday
Beginning Wednesday, the Plano-based maker of Dr Pepper will have to convince investors that its plan to sell soft drinks won't fall flat.
Southwest Airlines begins selling energy drinks
Southwest Airlines Co. said Tuesday that it has begun selling Monster energy drinks on its flights – the Dallas-based carrier's first foray into in-flight sales outside of alcoholic beverages.
Clearwire, Sprint Nextel to merge broadband units
The new company, to be named Clearwire, will receive a $3.2 billion investment from Intel Corp., Google Inc., Comcast Corp., Time Warner Cable Inc. and Bright House Networks. The investment is based on a target price of $20 per Clearwire share and will give the companies a 22 percent stake in the new venture.
Worker productivity up at 2.2% rate
Worker productivity rose by a better-than-expected amount in the first three months of the year while labor cost pressures eased.
Dallas-based Bag'n Baggage files for bankruptcy
Bag’n Baggage has been selling travel and business gear for more than 35 years, according to the company’s Web site. An affiliate, 900 Corp., also sought bankruptcy protection.
Texas comptroller opposes favoring ethanol over other technologies
Texas Comptroller Susan McCombs urged lawmakers in a report on the energy industry not to go down the ethanol road, favoring one green energy technology over others.
The Dallas Morning News donates Texas Almanac to Texas State Historical Association
The Dallas Morning News is donating the 151-year-old Texas Almanac to the Texas State Historical Association, the newspaper said Tuesday.
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