Austin Business News - Local Austin News | Austin Business Journal

    Tim Cook: Apple doesn?t have a PAC because they ?shouldn?t exist?
    Apple Inc. CEO Tim Cook on April 23 sharply criticized large companies that form political action committees, saying it should be up to individual employees to donate money transparently to candidates they support. ?Apple?s probably the only large company, or one of the very few, that doesn?t have a PAC,? Cook said during a wide-ranging interview at Time magazine?s Time 100 Summit. ?I refuse to have one because it shouldn?t exist! I think the people that should be able to donate are?

    66 acres of raw land available for office, multifamily development in booming North Austin
    A 66-acre North Austin parcel has been made available for sale by the long-term owner.

    East Austin ZIP code named one of the 10 fastest-gentrifying neighborhoods in US
    Austin is near the top of another list for real estate growth ? but not in the way most residents and policymakers would want. The East Austin ZIP code of 78721 ranked No. 4 among the fastest-gentrifying neighborhoods in America's major cities in an analysis by Amid Austin's boom, private developments like upscale apartments and luxury condos have moved into lower-income areas, particularly east of I-35. Rising property values have led to higher taxes and increased costs of living,?

    Briggo: ABIA, SFO to each have 2 robot coffee makers
    Briggo Inc., the Austin-based company behind a robot coffee kiosk, plans to open a second machine at Austin-Bergstrom International airport in May. The announcement comes less than a month after Briggo reported obtaining $5.5 million of funding in debt and security options. Briggo designs, builds and services a small but growing fleet of robot "coffee hauses." Kevin Nater is president and CEO. Charles Studor founded Briggo in 2008 and remains chief technology officer. Briggo opened its first?

    'We are already behind:' What businesses can do to help ABIA's expansion push
    Austin-Bergstrom International Airport's 2040 master plan, which is under review by the Federal Aviation Administration, calls for parallel concourses similar to airport designs in Atlanta and Denver to handle expected growth ? and we're already behind.

    Rackspace replaces Eazor as CEO
    San Antonio-based Rackspace Hosting Inc. has named Kevin Jones as CEO, replacing Joe Eazor, effective April 24. Jones most recently was CEO of MV Transportation Inc., a privately owned transportation contracting company based in Dallas. Before that, he held executive roles at DXC Technology, Hewlett Packard Enterprise, Dell, Hewlett Packard and Electronic Data Systems. Jones ?has an outstanding track record of leading and transforming businesses by inspiring organizations to increase revenue,?

    Austin lands medical innovation-focused coworking space
    It promises to be a place where startup founders, researchers, investors and doctors can gather under one roof to discuss the challenges they're facing and where future breakthroughs might occur. Other tenants and users may include medical-device companies, schools of higher education, first responders and the military.

    Amazon's growth puts more than one-third of its U.S. corporate workers outside of Seattle
    The number of employees outside Seattle is significant as Amazon reshapes the distribution of its workforce by expanding in other cities.

    Texas House passes hemp production bill
    Proponents say legalizing agricultural hemp production could unlock millions of dollars of investment in Texas.

    Marketing agency LatinWorks changes name
    LatinWorks has changed its name to Third Ear, a significant rebrand for a marketing agency known for its Hispanic heritage. Founded in 1998 by Manny Flores and Alejandro Ruelas, Third Ear has over the decades handled an array of assignments, from pitching Major League Baseball to Latinos to working with Target Corp. to reach Hispanics to handling campaigns for Chevrolet and Jamba Juice. Current clients include Mars/Wrigley, Beech-Nut, Target Corp. and Jack Daniel's. The new name is meant to highlight?