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Economy - Page 11

via Lufkin Industries, by permission
via Lufkin Industries, by permission
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Lufkin Industries Buys British Oil Tech Firm

Lufkin Industries has completed a merger that will make the company an even bigger worldwide player in oil exploration and production.  Lufkin's British subsidiary, Lufkin Industries Holdings UK Limited, has bought Zenith Oilfield Technology Ltd., based in Aberdeen, Scotland.

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via Tim Boyle, Getty Images
via Tim Boyle, Getty Images
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Welcome to the Age of the “Super-Commuter”

Growing numbers of people are traveling really long distances to get to work.  Many even travel hundreds of miles from their homes to their jobs.  They take a combination of cars, planes, trains and buses to get from home to the office, and back.

These people are known as -- what else -- "super-commuters."

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Mario Tama, Getty Images
Mario Tama, Getty Images
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Apple Named America’s Most Profitable Retailer, But Which Company Took Second? — Dollars and Sense

In news that would make Steve Jobs proud, Apple has been named America’s most profitable retailer, beating out other powerhouses like Tiffany & Co., GameStop and Select Comfort.

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via flickr/John-Morgan
via flickr/John-Morgan
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Nearly Half of All Americans Pay No Income Taxes

It's true.  This year’s Index of Dependence on Government shows some startling findings about the increasing numbers of Americans who rely on the federal government for housing, food, income, student aid or other assistance, but pay no income taxes.

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via Johannes Simon, Getty Images
via Johannes Simon, Getty Images
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Report: Hillary Wants to Run World Bank

The current head of the World Bank is expected to step down sometime this year, and you may or may not be surprised to know that U.S. Secretary of State Hillary Clinton is reportedly lobbying for the prestigious and powerful job.

But, whether she is or isn't pursuing the job depends upon whom you ask.

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via flickr/bmtx
via flickr/bmtx
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End of an Era – Temple-Inland is Sold to IP

It's official. International Paper has bought out Temple-Inland, and that's not all.  IP is already planning to sell off all Temple-Inland facilities. This has everybody in this corner of Texas wondering what's going to happen now.

Will new owners shut everything down and turn Diboll into just one more desolate wide spot on Hwy 59?  No one knows.

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via Texas Parks and Wildlife Department
via Texas Parks and Wildlife Department
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East Texas May Lose Historic Attraction

A long time east Texas attraction may have to close down because of cash flow problems.  If the popular Texas State Railroad can't get a cash infusion soon and find ways to make money 12 months a year, its managers say it will go out of business this week.

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via flickr/BlaisOne
via flickr/BlaisOne
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“Occupy” Movement Won’t Go Away

With apologies to Mark Twain, it appears that reports of the demise of the "Occupy Wall Street" movement might be a bit premature.  "Occupy" was on life support and close to flat-lining just a few weeks ago, but it's now reported that "Occupy" organizers are regrouping and planning new offensives.

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