Dallas Business News - Local Dallas News | Dallas Business Journal


    Behind the deal: How this company hopes to leverage its acquisition of Allen payment firm
    The acquisition of the Allen company closed on Oct. 2.


    DFW companies struggle as low unemployment rate complicates seasonal hiring
    It?s not just retail jobs that ramp up in the fourth quarter of the year, and the consistently low unemployment rate is making it harder for companies to make hires. According to Friday?s numbers from the Texas Workforce Commission, Texas? unemployment rate is 3.7 percent, with the DFW region clocking in at 3.4. But some North Texas cities are even lower than that average. Frisco, for example, is hovering at 3-percent unemployment. ?It?s funny because unless you?re in my industry where?


    American responds after Southwest criticizes its Cuba route idea
    American Airlines asserted that Southwest's complaint about its new Cuba route idea "misses the point" in a regulatory filing defending its idea. The debate started last month when the Fort Worth-based carrier (NASDAQ: AAL) petitioned the U.S. Department of Transportation to change its policy on how it handles Cuba routes. Only 20 Cuban routes are allocated to U.S. carriers, so airlines scratch and claw for any Cuba offering they can get. American said the rule should be changed to when an airline?


    More than 100 acres land rezoned in Forney with massive project to follow
    The North Texas city of Forney is swapping 102 acres of agricultural land for a 1.2-million-square-foot warehouse and distribution center that will be home to Goodyear Tire. The project, which is named ?Project Fireball? in public documents, will be a build-to-suit for the company.


    Plastics manufacturer spending $10M to expand in Garland
    Plastipak Packaging plans to spend more than $10 million to expand operations and add workers at a Garland manufacturing facility. The company, which produces and supplies plastic bottles to major brands like Dr Pepper, PepsiCo, Kraft Heinz and Procter & Gamble, said it will add enhanced machinery and equipment over the next three years to its 400,000-square-foot production facility at 3201 Miller Park North. Additionally, it will add six employees to its existing workforce of 273 full-time positions?


    Amazon reportedly showing more love to big cities for HQ2. What does that mean for Dallas?
    There's a new report out on Amazon.com?s HQ2, and Dallas doesn't get much attention. The e-commerce giant has made fresh visits to cities that include New York City; Newark, New Jersey; and Chicago, according to The Wall Street Journal, which cited people familiar with the matter. Amazon has followed up reportedly with Miami and Washington D.C., as well. Meanwhile, some cities, like Raleigh, North Carolina, say they haven?t heard from the company in months, according to the WSJ. Yet the?


    BNSF to invest $200M in new infrastructure project
    BNSF Railway will invest upwards of $200 million to build a new bridge in Seattle. The rail bridge spanning Salmon Bay in Seattle is 104 years old and needs to be replaced, said a spokesperson for the Fort Worth-based railroad, which is a subsidiary of Warren Buffett's Berkshire Hathaway Inc. (NYSE: BRK.A). "We are seeing fatigue of the counterweight truss and the trunnion bearings wearing out, which could lead to the bridge being stuck in the ?up? position with no alternate train route available,"?


    Klyde Warren Park announces $76M expansion project
    The $76 million expansion project is a completion of the original plan for Klyde Warren Park and will extend its current footprint by an additional 1.2 acres.


    DFW residents don't feel prepared for another recession
    The Federal Reserve is fretting over its ability to stave off a potential downslide. Dallas-Fort Worth's economy downshifted this year ? with forecasts calling for a "good," instead of "great" year. So, is there really a reason to be worry about a new recession? DFW residents think so, according to a survey from Charles Schwab's Center for Financial Research. Of the 750 Dallas-area residents who took Charles Schwab's online survey earlier this year, 64 percent say they're unprepared for?


    Where Dallas? largest hedge funds are placing their long bets
    Dallas? largest hedge funds have placed their longest bets on publicly traded companies in a variety of industries, from technology and utilities to health care and social media behemoths, according to an analysis of their most recent regulatory filings.