On track: Construction is under way on a rail extension at the Greater Ouachita Port that officials believe will create a boom in business. The (Monroe) News-Star reports Amethyst Construction of West Monroe won the bid for the $1.6 million job that was funded through six federal, state and local entities. The project will extend the rail on the land side of the port. Although the port has a dock for river access, so far its business is exclusively rail. The project is expected to be complete in November. Get the full details here.
Hanging it up: Google announced this morning that it’s cutting about 4,000 jobs at its Motorola Mobility wireless phone business and will close or consolidate about one-third of Motorola’s 90 locations. The reductions represent about 20% of Motorola Mobility’s 20,000 employees, and two-thirds of the job cuts will take place outside of the United States. The company says that Motorola Mobility has lost money in 14 of the past 16 quarters. The restructuring will cost Google about $275 million in severance costs. Read the full story here.
Today’s poll question: What do you think of Mitt Romney’s selection of Paul Ryan as his running mate?
