Latest Austin News
Labor costs remain high for small businesses, but a report shows wage growth is slowing for some
NEW YORK (AP) — Employee wages are one of the biggest costs for small businesses. A new survey found some owners may be seeing a bit of relief when it comes to wages. But while some say wage growth has stabilized or slowed, others note they haven't seen any moderation in their...
Alabama Sen. Tuberville blocks quick promotion of top aide to Defense Secretary Austin
WASHINGTON (AP) — Alabama Sen. Tommy Tuberville is blocking the quick promotion of the top military aide to Defense Secretary Lloyd Austin over concerns that he and other senior staff did not immediately notify President Joe Biden when Austin was hospitalized with complications from cancer...
Oracle: Fiscal Q1 Earnings Snapshot
AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Oracle Corp. (ORCL) on Monday reported fiscal first-quarter net income of $2.93 billion. On a per-share basis, the Austin, Texas-based company said it had profit of $1.03. Earnings, adjusted for stock option expense and amortization...
Trial begins over Texas 'Trump Train' highway confrontation
AUSTIN, Texas (AP) — On a busy Texas highway days before the 2020 election, former Democratic lawmaker Wendy Davis used her phone to record the scene unfolding around their Biden-Harris campaign bus: A convoy of President Donald Trump supporters weaving close while her fellow passengers called...
Texas Republican attorney general sues over voter registration efforts in Democrat strongholds
AUSTIN, Texas (AP) — Texas Attorney General Ken Paxton has sued two of the state's largest counties to block efforts to register voters ahead of the November general election, drawing claims of voter suppression from state Democrats. Paxton announced Friday a lawsuit to block...
Treasury recovers $1.3 billion in unpaid taxes from high-wealth tax dodgers
WASHINGTON (AP) — The IRS has collected $1.3 billion from high-wealth tax dodgers since last fall, the agency announced Friday, crediting spending that has ramped up collection enforcement through President Joe Biden's signature climate, health care and tax package signed into law in 2022. ...
Hormel: Fiscal Q3 Earnings Snapshot
AUSTIN, Minn. (AP) — AUSTIN, Minn. (AP) — Hormel Foods Corp. (HRL) on Wednesday reported fiscal third-quarter net income of $176.7 million. On a per-share basis, the Austin, Minnesota-based company said it had net income of 32 cents. Earnings, adjusted for non-recurring costs,...
Pedro Vite scores 1st goal of season as Whitecaps beat Austin 1-0
AUSTIN, Texas (AP) — Pedro Vite scored his first goal of the season and Vancouver didn't concede a shot on goal Saturday night as the Whitecaps beat Austin FC 1-0. Vite played a one-touch pass to Ryan Guald, who returned the favor to a darting Vite for a first-timer from the top...
CrowdStrike estimates the tech meltdown caused by its bungling left a $60 million dent in its sales
Cybersecurity specialist CrowdStrike Holdings on Wednesday estimated it absorbed a roughly $60 million blow to its sales pipeline last month after its botched handling of a software update triggered a technology meltdown that stranded thousands of people in airports in addition to other...
CrowdStrike: Fiscal Q2 Earnings Snapshot
AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — CrowdStrike Holdings Inc. (CRWD) on Wednesday reported fiscal second-quarter net income of $47 million. The Austin, Texas-based company said it had profit of 19 cents per share. Earnings, adjusted for stock option expense and amortization...
