District 3 Councilwoman joins Leading SA to discuss her role in South Side developments
SAN ANTONIO – Over the past eight years, District 3 Councilwoman Rebecca Viagran has been instrumental in the growth on the city’s South Side. Viagran joined Leading SA on Sunday to discuss the next steps for her district and her own career as she nears her term limit. “Some economic development we are seeing, the job growth with TJX, with the medical schools and in advanced manufacturing hub here in San Antonio, with Toyota and Navistar so close to one another. “And I’ve learned so much and what I would love to do is continue to work in public service. I will always keep all options for public service on the table.
Stocks making the biggest moves premarket: Pfizer, McDonald's, Apple, Berkshire Hathaway & more
Stock futures surged following the announcement, and both companies saw shares gain more than 10% just before 7:45 a.m. McDonald's – McDonald's reported adjusted quarterly earnings of $2.22 per share, beating the consensus estimate of $1.90, with revenue slightly above Wall Street forecasts. F5 Networks - Activist investor Elliott Management has taken a stake in the software management company, according to people familiar with the matter who spoke to the Wall Street Journal. Apple, Sony – Apple and Sony have both held talks about buying podcast producer Wondery, according to the Wall Street Journal. Apple and Sony stocks were each slightly higher just before 8 a.m.cnbc.com
New manufacturing facility sparks signs of growth on San Antonio’s South Side
SAN ANTONIO – Navistar is the latest company to bring more jobs to the growing South Side of San Antonio. The manufacturing facility, scheduled to open in spring 2022, is expected to add more than 600 jobs to the South Side. “We’re currently looking to hire for various positions -- and human resources, IT, general management, engineering and manufacturing at the San Antonio facility,” said Christopher Pellico, senior program manager of the Navistar San Antonio facility. VIDA San Antonio is another development in the area that hopes to breathe new life near Texas A&M San Antonio. Southside ISD, San Antonio Food Bank provide food to most vulnerable living in food desert
Stocks making the biggest moves premarket: Roku, Boeing, Navistar, Guess, Netflix & more
Goldman Sachs (GS) Wells Fargo Securities analyst Mike Mayo increased his price target on Goldman to $280 per share from $240 a share. Boeing (BA) Boeing will suspend production of its grounded 737 Max jet in January, after continuing delays in obtaining the necessary approvals to return the jet to service. Fiat Chrysler (FCAU) The boards of Fiat Chrysler and Peugeot parent PSA Groupe are expected to meet today to talk about finalizing an agreement for a planned $50 billion merger of the two automakers. Royal Bank of Scotland (RBS) The bank's shares are under pressure, following stress tests of Britain's biggest banks. Meet Group (MEET) Meet Group could become a target of ProSieben, according to a Reuters report which said the German broadcaster is exploring the acquisition of the U.S.-based live streaming app developer.cnbc.com
City Council approves millions in incentives for two projects expected to bring 1,200 jobs
SAN ANTONIO - The San Antonio City Council approved more than $13 million worth of incentives for a truck manufacturing plant and a bakery that are estimated to bring a combined 1,200 jobs to the San Antonio area. Navistar, a heavy truck manufacturer, plans to break ground this year on a new manufacturing facility near Mitchell Lake and U.S. 281 on the South Side. Meanwhile, FGF Brands, Texas, which was formerly known as Hill Country Bakery, plans to relocate and expand its San Antonio presence with a new business campus and bakery near State Highway 151 and South Callaghan Road. Both companies plan to add roughly 600 jobs over the coming years. Their incentive package also provides for 10 years of tax abatement valued at $4.5 million, $150,000 in city fee waivers and $300,000 in SAWS fee waivers.
City Grants 2 Manufacturers Millions in Incentives to Bring New Jobs to San Antonio
City Council approved economic development incentive packages Thursday for two companies planning to build and expand in San Antonio with the promise of bringing 1,200 total manufacturing jobs to the city. The incentives for baked-goods supplier FGF Brands and trucking manufacturer Navistar include about $11.5 million worth of tax abatements, infrastructure improvements, and fee waivers. This agreement with FGF Brands is further evidence of District 6s potential for economic growth, said Councilwoman Melissa Cabello Havrda (D6). The relocation and expansion of FGF Brands Texas and its operations in San Antonio is an opportunity that is over twenty years in the making. International companies are taking notice of San Antonio as the ideal location to expand into the U.S. market, stated Sarah Sanchez, executive vice president of global development at the San Antonio Economic Development Foundation.therivardreport.com
Week in 2:10: Toyota plant announces expansion; Truck company to bring 600 jobs to SA
SAN ANTONIO - It's been another busy week in San Antonio, and we're taking a look back on some of the biggest local stories we've covered since Sunday. See what stories made the headlines in The Week in 2:10. WEEKLY HEADLINES:GBRA lakes will not be drained pending trial in October 2020Toyota to invest $391 million to expand San Antonio plantTruck maker Navistar to build production facility in SA, create 600 new jobsWATCH: Sheriff's office supervisors interfere with DWI stop of fellow deputyArmy combat medic shares story of resilience after undergoing rehab at Center for the IntrepidCopyright 2019 by KSAT - All rights reserved.