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Preview: Dallas Business News - Local Dallas News | Dallas Business Journal

Dallas Business News - Local Dallas News | Dallas Business Journal

View Breaking Local News Headlines in Dallas from the Dallas Business Journal. Access business resources, company profiles, business advice columns, local jobs and more.

Published: Thu, 22 Mar 2018 15:56:14 +0000

Copyright: American City Business Journals, Inc. and its licensors. All rights. reserved.

Other Texas metros growing at a faster rate than DFW, according to new growth rankings

Thu, 22 Mar 2018 13:40:56 +0000

(image) While the Dallas-Fort Worth-Arlington metropolitan area has seen significant growth to its population, it's not expanding as fast as its sister regions to the south and east (at least percentage-wise). The region added 973,431 residents between 2010 and 2017, according to estimates released by the U.S. Census Bureau. That translates to a growth rate of 15.15 percent. While Austin, Houston and San Antonio added fewer residents, they have smaller populations, resulting in larger percentage growth…

Yum exec elected to Brown-Forman board of directors

Thu, 22 Mar 2018 13:31:43 +0000

(image) An executive with Yum Brands Inc. has been elected to the Brown-Forman Corp. board of directors. Tracy Skeans is chief transformation and people officer at Yum (NYSE: YUM) and offices at the company's Plano campus. Before taking her current position, she was president of Yum's Pizza Hut International division. She also previously served as chief people officer of Pizza Hut Global. "Tracy brings a wealth of multifunctional global business experience to the Brown-Forman board," Chairman Geo. Garvin…

Listing price reduced on most expensive home for sale in Houston

Thu, 22 Mar 2018 12:00:27 +0000

(image) When "Chateau Carnarvon" first hit the market, the mansion was touted as the most expensive home ever listed in Houston real estate history with a listing price of $43 million.  Now, the price tag for the 27,000-plus-square-foot, two-story mansion has been reduced to $30 million, according to its listing on Houston Association of Realtors' website and Martha Turner Sotheby’s International Realty's website. Despite the decrease, it’s still the priciest home for sale in the area. Kellie Geitner…

Whole Foods details how Amazon's tech, other changes benefit vendors

Thu, 22 Mar 2018 11:57:50 +0000

(image) At a meeting with worried vendors, Whole Foods Market Inc. execs outlined how new policies could benefit both the grocery chain and the product suppliers that stock its store shelves, including leaning on the technology brought to the table by Inc. — which last year purchased the Austin-based retailer for $13.7 billion. Whole Foods, which has 473 stores spread around the world, told the vendors at the March 20 meeting that putting grocery products up for sale through Amazon's Prime…

Lance Armstrong puts seven-figure Texas mansion back on market at lower price

Thu, 22 Mar 2018 11:56:01 +0000

(image) Austin businessman and cyclist Lance Armstrong is selling his picturesque colonial estate in a coveted Austin neighborhood for $7.5 million. Located in the historic Old Enfield neighborhood, the 8,158-square-foot estate at 1706 Windsor Road was put on the Austin multiple listing service March 19, said listing agent Laura Gottesman, broker/owner of Gottesman Residential Real Estate. The slideshow attached to this story has additional images of the property’s live oak trees, old Spanish-style architecture…

Study: Tax rates not impacting North Texas homebuyers, but interest rates might

Thu, 22 Mar 2018 11:46:49 +0000

(image) While newly-enacted federal tax laws mean Americans will experience fewer tax benefits associated with being homeowners, that’s doing little to deter home buying in North Texas, according to a study by Apartment List. The Tax Cuts and Jobs Act of 2017, enacted in December, reduces caps on borrowing subject to the mortgage interest deduction from $1 million to $750,000. Property tax deductions on state and local taxes have also been capped at $10,000. However, 48 percent of potential homebuyers…

Louisiana wealth management firm begins Texas push with new Dallas office

Thu, 22 Mar 2018 11:45:26 +0000

(image) Louisiana wealth management firm Argent Trust has opened a Dallas office in Turtle Creek Village and has brought on a former executive from Frost Bank to run it.

Could Southwest Airlines be next? Take a look at Warren Buffett's DFW companies

Thu, 22 Mar 2018 11:41:17 +0000

(image) If Warren Buffett ends up buying Southwest Airlines Co. (NYSE: LUV), it would add to the already robust number of investments he's made in companies with Dallas-Fort Worth ties. Earlier this month, Buffett, the chief executive officer of Omaha, Nebraska-based Berkshire Hathaway Inc. (NYSE: BRK.A), made headlines when he said he "wouldn’t rule out owning an entire airline" in a television interview. Immediately, speculation began about what airline Buffett could have his eyes on. After years of…

Toyota pauses self-driving car tests after Uber-related fatality

Wed, 21 Mar 2018 19:58:19 +0000

(image) Toyota Motor Corp. will temporarily suspend testing of its “Chauffeur” autonomous driving system on U.S. roads following a fatal accident involving an Uber self-driving vehicle. Japan-based Toyota (NYSE: TM), whose North American headquarters and affiliated Toyota Connected data science hub are in Plano, said it’s pausing testing because of the emotional toll it could take, and not because of actual potential safety issues. The move came after an Uber Technologies Inc. vehicle operating…

Mexican food manufacturer opens $50M U.S. headquarters in DFW

Wed, 21 Mar 2018 19:06:55 +0000

(image) La Moderna, Mexico's largest pasta manufacturer, opened a $50 million production facility in Cleburne, which will serve as the company's U.S. headquarters.