Texas Bloomberg Report: Perry tells Chicago businesses: 'Y'all come to Texas!'

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by Bloomberg

kvue.com

Posted on April 16, 2013 at 7:27 AM

Updated Wednesday, Apr 17 at 5:29 PM

Governor Perry is telling Chicago, "Y'all come to Texas!" The governor is taking his message of low taxes, predictable regulations and a skilled workforce with week-long web and print advertisements targeting Chicago-area businesses.

Struggling retailer JC Penney is tapping almost half of its credit line and borrowing $850 million. The company says it will use the cash to replenish inventory, but analysts say the Plano-based company is burning through cash faster than expected.

A big sell off on Wall Street after China's economy grew at a slower pace. News struck of the explosion in Boston, which sent the markets tumbling further. And a sell off in gold didn't help the market either.

The price of gold dropped the most since 1980 and so far this year the commodity is down 15 percent after being on a tear for 12 straight years. But this is good news if you're looking to buy jewelry. Gold is at its lowest price in two years.

Satellite TV company Dish Network has offered to buy Sprint Nextel for $25 billion. Dish wants to partner with a wireless carrier so it can offer customers bundled packages with Internet, mobile phone and TV services.

Houston-based company Mattress Firm is expanding in West Texas. Expect to see stores in San Angelo in April, then Abilene and Midland by August. The company is also expanding with two more stores in Florida.

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