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News

  • Posted: 
    07/28/2010
    Author: JONATHAN GARRIS/The Lufkin Daily News

    AbitibiBowater Inc. is preparing to auction off the Lufkin paper mill on Aug. 2.

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  • Posted: 
    06/29/2010
    Author: Brian Wingfield

     

     AUSTIN – Forbes listed several Texas cities at the top of its list of “America’s Recovery Capitals,” with Austin securing the top spot overall. “Looking for a place to take advantage of the recovery?” Forbes asks. “Try Texas.”

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  • Posted: 
    05/03/2010
    Author: Raymond J. Keating

    When it comes to taxes these days, the major emphasis by our elected leaders seems to be on how levies can be raised due to declining revenues resulting from the deep recession.

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  • Posted: 
    03/29/2010
    Author: By Darrell Preston

    March 22 (Bloomberg) -- Texas, the second-most populous U.S. state, is among the first to emerge from the recession that began in December 2007 as job growth returned sooner, Comerica Inc. said in a report.

    The Texas economy followed states into the worst economic slump since 1930s, bottomed in September 2009 and began growing, five months before job growth hit bottom for the rest of the country, according to the report today by Dana Johnson, the chief economist at the Dallas-based bank.

     

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  • Posted: 
    03/29/2010
    Author: By MELISSA HAYES/The Lufkin Daily News

    Lufkin Industries officials are cautiously optimistic as they continue to slowly rehire employees laid off in 2009.

    Lufkin Industries Vice President, General Counsel and Secretary Paul Perez said from December through February modest additions have been made to the Oil Field division and Foundry.

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