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Mexico raises key rate as inflation surges, peso stumbles
Business
Published in 10-2-2017
    570 Visits

Mexico's central bank raised borrowing costs for a fourth straight meeting as President Donald Trump's election undermined the peso and fuel prices soared, sending inflation spiraling above target.

Reference: www.chron.com
Tequila billionaires reap windfall as Cuervo IPO triggers surge
Business
Published in 10-2-2017
    480 Visits

Juan Francisco Beckmann Vidal and Juan Domingo Beckmann -- the heirs to the family that controls tequila giant Jose Cuervo -- are seeing their net worth soar a day after the company carried out Mexico's biggest IPO in more than three years.

Reference: www.chron.com
Group 1 Automotive posts stronger 4th-quarter earnings
Business
Published in 3-2-2017
    692 Visits

Group 1 Automotive's earnings improved during the fourth quarter despite slower sales in Texas and other oil-centric markets.

 

Reference: www.chron.com
Houston private equity firm grows construction business with acquisition
Business
Published in 3-2-2017
    269 Visits

The Sterling Group owns the majority of DexKo Global. The Tie Down Engineering acquisition follows other company asset purchases in recent months.

Reference: www.chron.com
Houston isn't the most romantic city. But it loves love songs, sales show
Business
Published in 3-2-2017
    236 Visits

Houston was one of five cities where Amazon customers streamed the most love songs in 2016, according to the retailer.

Reference: www.chron.com
HFF arranges financing for Hanover Post Oak
Business
Published in 3-2-2017
    679 Visits

HFF has arranged fixed-rate financing for Hanover Post Oak, a 355-unit high-rise apartment building, on behalf of The Hanover Co.

Reference: www.chron.com
Mexico exports no longer just avocados, tequila
Business
Published in 3-2-2017
    65 Visits

Cars and trucks such as the Ram 1500 crew cab, Ford Fiesta and Chevrolet Trax fill U.S. dealer lots. Even while Mexico's oil production has fallen steadily, U.S. imports from Mexico increased 638 percent since 1993, just before the North American Free Trade Agreement took effect, according to the U.S. Trade Representative's office. The top-selling U.S. imports from Mexico in 2015 in ...>>

Reference: www.chron.com
Houston industrial market shines, while office vacancy keeps rising
Business
Published in 27-1-2017
    1042 Visits

Sustained low oil prices have had minimal impact on Houston's industrial market, which has a limited pipeline of new projects and strong demand from e-commerce related occupants such as Amazon and FedEx. Industrial vacancy is projected to fall, while the local office vacancy rate will peak in 2017 or 2018, according to Newmark Grubb Knight Frank's 2017 Houston real estate forecast.

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Reference: www.chron.com
Sam's Club opens in Valley Ranch Town Center
Business
Published in 27-1-2017
    901 Visits

Sam's Club has opened in Valley Ranch Town Center, a mixed-use project of The Signorelli Co. at U.S. 59 and the Grand Parkway in New Caney. Sam's Club joins Academy Sports + Outdoors and Party City in the 505,000-square-foot first phase of 240-acre Valley Ranch Town Center, which is nearly complete.

Reference: www.chron.com
Pro Football Hall-of-Famer Eric Dickerson to launch BBQ brand at Super Bowl LI
Business
Published in 27-1-2017
    928 Visits

Fans participating in Super Bowl LI-related activities will have chances to sample Eric Dickerson's EDQ brand barbecue at events at Minute Maid Park, George R. Brown Convention Center and NRG Park

Reference: www.chron.com
Starbucks posts disappointing sales growth
Business
Published in 27-1-2017
    940 Visits

NEW YORK (AP) Starbucks reported disappointing quarterly sales growth Thursday for the holiday season and noted the challenging environment for restaurant retailers. For the three months ended Jan. 1, the coffee chain said global sales rose 3 percent at established locations, including in the United States. The Seattle-based company said customer visits in U.S. stores fell 2 percent at estab ...>>

Reference: www.chron.com
Intermarine given foreign trade zone status for Houston Ship Channel terminals
Business
Published in 27-1-2017
    742 Visits

The status, given by U.S. Customs and Border Protection, allows Intermarine to move foreign and domestic merchandise through Industrial Terminals for storage, assembly, manufacturing and processing.

Reference: www.chron.com
Luxury apartment complex planned for Atascocita
Business
Published in 20-1-2017
    233 Visits

A Houston developer will build a new luxury apartment complex along West Lake Houston Parkway.

Reference: www.chron.com
Tree of Life mural unveiled at downtown's Capitol Tower site
Business
Published in 20-1-2017
    128 Visits

As part of a citywide spruce up before Super Bowl LI, Skanska has unveiled the "Tree of Life" mural wrapping around its Capitol Tower development in downtown Houston. The project at the corner of Rusk and Travis is one of four public art pieces initiated by Houston City Council Member Amanda Edwards in cooperation with the Houston Super Bowl Host Committee. Public artist Reginald Adams cr ...>>

Reference: www.chron.com
Latin chicken restaurant chain expands in Houston
Business
Published in 20-1-2017
    951 Visits

Pollo Campero, founded in 1971 and based in Dallas, will have eight Houston-area restaurants by the time the trio of new locations opens.

Reference: www.chron.com


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