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After 40 years, McDonald's is going to try something new
Business
Published in 31-3-2017
    715 Visits

The fast food giant said Thursday that it will swap frozen beef patties for fresh ones in its Quarter Pounder burgers by sometime next year at most of its U.S. locations. The world's largest hamburger chain has been trying to improve its image as more people shun processed foods. Last year, it removed artificial preservatives from chicken McNuggets and cut out high-fructose corn syrup fr ...>>

Reference: www.chron.com
Mexico raises key rate as inflation hits 8-year high
Business
Published in 31-3-2017
    719 Visits

Mexico's central bank slowed the pace of monetary policy tightening while delivering a fifth consecutive rate increase, after the inflation rate rose to the highest since the 2009 recession.

Reference: www.chron.com
Texas dragged into spat between Trump and European Union chief
Business
Published in 31-3-2017
    399 Visits

European Commission President Jean-Claude Juncker hit back at Donald Trump's support for the U.K.'s withdrawal from the European Union, saying that he would champion American states that wanted to secede from the union.

Reference: www.chron.com
Here's when you can grab free Ben & Jerry's ice cream cones in Houston
Business
Published in 31-3-2017
    863 Visits

Ice cream is already delicious, but it tastes even better when it's free.Want to test that theory?

Reference: www.chron.com
Hines buys and renames industrial park near Port of Houston
Business
Published in 31-3-2017
    672 Visits

Houston-based Hines has purchased the 2.2 million-square-foot Underwood Distribution Center in LaPort from BlackRock. Hines did not disclose the terms of the deal, but mortgage and sales data from Houston-based Enriched Data show an $80.5 million mortgage associated with the sale.

Reference: www.chron.com
Shaking the bushes for venture capital
Business
Published in 24-3-2017
    741 Visits

For now, it seems that the best chance Houston has is teaching local people with money to burn how to invest in startups, and convincing them that it'll be worth their while.

Reference: www.chron.com
Houston home values are on the rise, Zillow says
Business
Published in 24-3-2017
    827 Visits

Home values in the greater Houston area are up over the past year, but lag the national appreciation rate, a new report showed.

Homes in the greater Houston area rose 4.5 percent to a median value of $175,200 in February, according to the February Zillow Real Estate Market Reports. Nationally, values are up 6.9 percent to $195,700, the highest since June 2007.

Reference: www.chron.com
Average 30-year mortgage rate slips to 4.23 percent
Business
Published in 24-3-2017
    486 Visits

Mortgage buyer Freddie Mac said Thursday that the rate on 30-year, fixed-rate home loans fell to 4.23 percent from 4.30 percent last week. Investors bid rates up because they expect President Trump's plans to cut taxes and increase spending on defense and infrastructure to push economic growth and inflation higher. The Federal Reserve last week raised short-term rates for only the third ...>>

Reference: www.chron.com
New home sales rise despite higher mortgage rates
Business
Published in 24-3-2017
    929 Visits

Healthy job growth and a recovering economy have pushed up interest in new homes, while the prospect of rising mortgage rates since the November presidential election may have pulled some sales forward. "Sales were likely boosted by the much warmer-than-usual weather last month, which made visiting new-home construction sites less miserable than usual in February," said Ian Shepherdson, chief ...>>

Reference: www.chron.com
Veterans-run junk-removal business coming to Houston
Business
Published in 24-3-2017
    682 Visits

A franchise company offerings franchises exclusively to military veterans and their families plans to open 10 Houston area location.

Reference: www.chron.com
Yellen’s early backers now hoping they were right
Business
Published in 24-3-2017
    454 Visits

Yellen has begun the process of pulling back the Fed's unprecedented stimulus of the economy - drawing the concerns of liberal policy experts and economists worried it will upset a fragile recovery.

Reference: www.chron.com
U.S. consumer prices rise 0.2 percent in August
Business
Published in 24-3-2017
    486 Visits

WASHINGTON (AP) U.S. consumer prices edged up 0.2 percent in August as a surge in medical care offset flat readings for food and energy. The Fed raised rates by a quarter-point last December but since then, officials have held off on further rate hikes, reflecting concerns about sluggish economic growth and periodic turbulence in financial markets. The rise in core inflation in August was le ...>>

Reference: www.chron.com
Business group forecasts modest job growth in 2017
Business
Published in 24-3-2017
    876 Visits

The outlook has improved a lot, but the recovery won't come fast.

Reference: www.chron.com
Texas adds 21,000 jobs in November; unemployment slips to 4.6 percent
Business
Published in 24-3-2017
    895 Visits

Texas added nearly 21,000 jobs in November and the unemployment rate fell, the Texas Workforce Commission reported Friday.

Reference: www.chron.com
A problem with Trump’s plan to boost Wall Street: Banks more profitable than ever
Business
Published in 24-3-2017
    255 Visits

The banking industry has cheered President Donald Trump's promise to roll back regulations put in place after the financial crisis to rein in Wall Street. But the industry's record-setting profits complicate the arguments for rolling back those rules, which banking analysts have said could boost their profits even more.

Reference: www.chron.com


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