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Lockheed Martin Commercial Engine Solutions in San Antonio is cutting back 37 percent of its workforce, laying off 87 employees at all levels. Employees were informed about the changes earlier this month. “Right now there’s a limited number of long term commercial engine opportunities and we just haven’t been able to attract the level of commercial business that we thought we would be able to at this point,” said Communications Manager Cheryl Kahn. “We have quite a few military contracts that...

Office of Congressman Joaquin Castro

San Antonio Congressman Joaquin Castro last month traveled to Japan to meet with Prime Minister Shinzō Abe and U.S. Ambassador to Japan Caroline Kennedy regarding Japan’s investment in the U.S., and particularly in San Antonio and Texas. TPR's Eileen Pace spoke with the Congressman last week about Japan’s foreign direct investment in Texas, and the first U.S.-Japan Caucus that he started in 2013 to build our relationship with Japan. He talked about the reasons the Japanese economy is...

The price of oil has dropped to its lowest point in years in recent weeks. That's bad news for almost everyone in oil-producing parts of the country. But there is at least one business that's booming in the oil patch. Walk around Ryan Peck's impound lot on the south side of Corpus Christi, Texas, and it's easy to see he's busy. "We just got a few pickup trucks, couple brand-new trucks, 2015s, couple work trucks," Peck says. "These are all vehicles that are not getting redeemed, that are...

Stock markets in the U.S. took a plunge at the open Monday, with the Dow Jones Industrial Average falling more than 1,000 points in early trading. This comes after Chinas main stock index dropped more than 8 percent today, in what some are dubbing Chinas Black Monday. Here & Now s Jeremy Hobson looked at whats happening, and what individual investors should do, with Jill Schlesinger of CBS News. “It’s such old advice, but it really works. Calm down, don’t do anything, sit still, Schlesinger...

Shelley Kofler / Texas Public Radio

Some San Antonio City Council members want to know what the city is going to do to make its airport more competitive. This week’s discussion followed a Texas Public Radio report that documented higher than average ticket prices and concerns that the airport is falling behind. San Antonio’s airport served more than eight million passengers last year but City Aviation Director Frank Miller acknowledged thousands who used to fly out of San Antonio are now traveling from Austin. “We know that...

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