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Austin Business Journal

• Dell’s annual profit up 33% February 21, 2012
  Dell Inc. reported Tuesday an 18 percent decline in fourth-quarter profits compared with the same period in fiscal 2011 but a 33 percent rise in profits for fiscal 2012. Round Rock-based Dell (Nasdaq: DELL) posted a $764 million net income on $16 billion in revenue for the quarter ended Feb. 3 versus a $927 million net income on $15.6 billion in revenue duri […]
• North Forest project gets moving February 21, 2012
  The first phase of construction is underway on the North Forest development, a professional and medical office building in Pflugerville. The project, announced last year, is a 34,000-square-foot building on 3.5 acres at 305 N. Heatherwilde Blvd. New York-based North Forest Office Space said the project will be constructed in four phases. The first 9,000 squa […]
• Consumer credit card debt drops February 21, 2012
  U.S. consumer's credit card debt is continuing to decline, according to a new study by Equifax Inc. The percentage of income that consumers owe to credit card companies declined between the fourth quarter of 2010 and the fourth quarter of 2011 in nearly 60 out of 100 metro areas. The cities with the largest reductions are clustered in Florida, Louisiana […]
• Dow cracks 13,000 for first time since 2008 February 21, 2012
  The Dow Jones reached the 13,000 mark for the first time since 2008, giving a boost to stocks of companies from Austin. Mid-morning trading was fueled by the Greece bailout deal, helping the index climb above 13,000 for the first time since May 2008. After hitting 13,000 before noon, the Dow marginally fell. The index hovered around the 12,989 level by early […]