Business News

More on a story we brought you earlier this week...

General Electric is getting more involved in the energy industry and is in the process of buying Lufkin Industries in a deal valued at around $3.3 billion dollars.  The CEO tells KTRE that Lufkin Industries will keep its name.

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General Electric wants to get more involved in the energy industry, and that means big bucks for one Lufkin Company.

It's been announced the GE is buying Lufkin Industries for 38 percent above the closing price of its shares on Friday.  GE values the deal at around $3.3 billion dollars.

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Job growth appeared to slow drastically during March, as employers added 88,000 new jobs, down from 268,000 in February. The unemployment rate went down a tick, from 7.7 percent to 7.6, but that was due to a reduction in the labor force.

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You would think that with a sluggish economy, saving money would make Americans happy, but it’s actually spending that can put a smile on their faces.

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While the social media landscape often changes quickly, it’s pretty clear that networking on those sites is going to be a big part of our lives for a long time—both personally and professionally.

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The IRS has issued its annual warning about the "Dirty Dozen" schemes out there—ways that certain disreputable folks will try to steal your money or methods people use to hide financial information from the tax agency.

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The economy is getting so tough one store is actually charging customers who don’t buy anything.

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Spring is finally here, which means it's time to do some spring cleaning on our local Seize the Deal website!

Today only (Thursday, March 21), visit the Lufkin-Nacogdoches Seize the Deal website to get 30% to 75% off every item!

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