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Business

Cart.com leader Tariq on return to Houston: 'I couldn’t be happier to bring Cart.com back home'

Cart.com has announced its decision to relocate its corporate headquarters back to Houston in an effort to better support its rapidly expanding operations. This move is largely facilitated by Houston's strategic benefits including a central location, robust transportation infrastructure, and its status as a dynamic business hub.


Business

Aurora reveals commercial-ready route for 2024 driverless truck launch

Aurora Innovation announced the launch of the first lane for autonomous trucks, backed by commercial-ready terminals in Dallas and Houston. Initiated to streamline operations in trucking industry, the project is positioned strategically within logistics hubs to cater to clients such as FedEx amongst others.


Business

Sysco introduces 'One Planet. One Table.'

Sysco Corporation recently announced the launch of its One Planet. One Table. initiative, featuring a vast selection of over 3,000 items across 15 categories. These products adhere to more than 20 sustainability certifications and standards, aligning with Sysco's commitment to sustainability in areas like seafood, fresh produce, and plant-based alternative proteins. This move comes as part of Sysco's broader strategy to prioritize environmentally conscious practices in its operations.


Business

Coben assumes interim leadership of NRG

Houston headquartered NRG Energy announced changes in leadership before the Thanksgiving holiday. The move comes after Mauricio Gutierrez's resignation and departure from the company.


Business

Winners of 11th annual Liftoff Houston Startup Business Plan Competition revealed

The city of Houston announced the three startup entrepreneurs who secured $10,000 in seed funding for their businesses by winning the 11th Annual Liftoff Houston Startup Business Plan Competition. These winners emerged from among nine finalists, chosen from over 100 applicants, who participated in Liftoff's Pitch Day. The competition took place on November 18, 2023.


Business

Rice Business No.1 entrepreneurship ranking for 5th year

Rice University announced its Jones Graduate School of Business has been ranked No. 1 in graduate entrepreneurship programs for the fifth consecutive year as revealed by the latest rankings from Princeton Review and Entrepreneur magazine. Additionally, Poets&Quants ranked the MBA entrepreneurship program third globally, while Bloomberg Businessweek positioned it fifth. The rankings serve as a reflection of Rice's investment in developing future leaders equipped with innovative business skills.


Business

Abbott hails latest Texas employment data as testament to state's economic strenght

``` The Office of the Texas Governor announced that the release of October employment data demonstrates that the Lone Star State continues to lead the nation in annual jobs growth. Not only has Texas achieved new record highs with its largest civilian labor force ever at 15,162,100, but it also boasts more Texans being employed or self-employed than ever before at 14,536,800. This announcement comes as an indicator of a strong and growing economy within the state. The report offers a comprehensive breakdown of the economic achievements. ...


Business

Houston Airports System is urging Thanksgiving travelers to take precautions

The Thanksgiving holiday travel period is underway, and Houston Airports System (HAS) anticipates 2.4 million passengers to fly in and out of the Bayou City this year. Per HAS, about 540,000 travelers will make their was through William P. Hobby Airport (HOU) while George Bush International Airport is forecasted to handle nearly two million passengers during the 15-day window.


Business

Seaside Equity Partners, Frontier Services Group form partnership

San Diego-headquartered private equity firm Seaside Equity Partners announced that it has formed a partnership with Houston-based Frontier Services Group. The partnership initiates buy-and-build strategy in emergency mitigation, remediation and restoration services sector.


Business

ExxonMobil starts third offshore Guyana project

ExxonMobil announced it has initiated production at Payara, the third offshore oil development in Guyana's Stabroek Block, achieving a total production capacity of approximately 620,000 barrels per day. The company's third FPSO, Prosperity, has commenced operations ahead of schedule, contributing an additional 220,000 barrels of oil per day to Guyana's burgeoning energy output.


Business

ExxonMobil drills first lithium well in Arkansas for EV supply by 2030

Exxon Mobil Corporation announced it has initiated the first phase of lithium production in southwest Arkansas, aiming to tap into significant lithium deposits in the region. The lithium product, branded as Mobil™ Lithium, builds on the longstanding technical partnership between Mobil and the automotive industry, according to a press release by Exxon Mobil Corporation.


Business

Sysco reports first quarter sales and operating income

Sysco Corporation announced its financial performance for the 13-week first fiscal quarter ending on Sep. 30, 2023, revealing a 2.6% increase in sales and a 1.6% rise in U.S. Foodservice volume. During this period, the gross profit also experienced a 4.6% growth, reaching $3.6 billion, according to a press release by Sysco Corporation.


Business

Dina Powell McCormick to join ExxonMobil board of directors

Exxon Mobil Corporation announced the appointment of Dina Powell McCormick to its board of directors. She serves as the vice chairman, president, and global head of Client Services at BDT & MSD Partners, according to a press release by Exxon Mobil Corporation.


Business

Dina Powell McCormick to join ExxonMobil Board of Directors

Exxon Mobil Corporation announced the appointment of Dina Powell McCormick to its board of directors. She serves as the vice chairman, president, and global head of Client Services at BDT & MSD Partners, according to a press release by Exxon Mobil Corporation.


Business

ExxonMobil acquires Denbury

Exxon Mobil Corporation announced that it has completed the acquisition of Denbury Inc. today in an all-stock transaction worth $4.9 billion, equivalent to $89.45 per share. Denbury shareholders will be issued 0.84 shares of ExxonMobil for each Denbury share as per terms of the agreement, according to a press release by Exxon Mobil Corporation.


Business

PJS of Houston Announces New Location

Professional Janitorial Service of Houston announced that it has relocated to a new facility after over two decades at its prior location.


Business

PJS of Houston Announces Promotion of Jaime Garcia to Area Manager

Professional Janitorial Services of Houston (PJS) announced the promotion of Jaime Garcia to Area Manager.


Business

Lemon-Lime Light Media hosts First Class Men of Houston Dinner: ‘This event was special for everyone who was in attendance’

Lemon-Lime Light Media, a public relations firm, recently celebrated Houston's successful community men with the First Class Men of Houston Dinner held at The Buffalo Soldiers National Museum. La'Torria Lemon, CEO and founder of Lemon-Lime Light Media and creator of the event, expressed that this dinner was an ambition she had nurtured for a considerable time.


Business

Abbott invites veterans to statewide hiring fair

Gov. Greg Abbott has extended an invitation to Texas veterans, active servicemembers, and their spouses to participate in the 2023 Hiring Red, White, & You! statewide hiring fair. The event kicked off on Nov. 1 and will continue until Nov. 17.


Business

Abbott touts Texas as nation's most business friendly as state breaks total jobs record two straight years

Gov. Greg Abbott of Texas proudly announced that the state has broken the total jobs record for two consecutive years. The governor, a Republican, celebrated this achievement upon the release of the figures for the month of September.