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Texas emerges as the top destination for companies leaving blue states

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Texas is emerging as the nation’s leading economic engine and corporate America is following its lead, with companies rethinking where they call home.  Beyond attracting investments, creating jobs and encouraging long-term growth, Texas saw 10.1% increase in economic output per-capita from 2021 through 2024.

With the state’s thriving economy, the corporate exodus to Texas is no coincidence. Texas’s economy continues to outpace the national average and ranks No. 1 in job creation. In March alone, 26 new projects were announced in locations across Texas, which are expected to create more than $20.5 billion in capital investment and 1,241 new jobs.

Supported by its pro-growth policies that advance freedom for companies and consumers alike, Texas is opening a new frontier in its growth story: attracting companies’ legal incorporations and their headquarters.

Historically, a company’s decision to redomicile was viewed as a routine business decision. For a century, Delaware has held the corporate crown, being home to at least 60% of Fortune 500 companies. However, increasing opposition toward Delaware’s legal climate has spurred corporate interest in reincorporation, primarily in pursuit of a more predictable legal framework for doing business: enter Texas.

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Over the last five years, many well-known companies, such as SpaceX, Tesla, and Zion Oil & Gas, have decided to redomicile from Delaware to Texas – where they already have substantial assets and operations. Most recently, ExxonMobil announced its plans to redomicile from New Jersey to Texas, where it has its headquarters. In public statements to investors, these companies cite a shared motivation: the desire to unify legal jurisdiction and corporate assets in one place.

For companies like ExxonMobil, Texas makes sense – both logistically and operationally. State regulators have reformed the state’s corporate laws, offering legal and regulatory certainty for shareholders and management. Texas has also invested in its judicial infrastructure and established a specialized Texas Business Court to hear commercial cases, providing assurance to companies that complex disputes will be resolved by experienced judges.

Other companies have chosen to uproot their historic headquarters in favor of physical moves to Texas. Blue states, including California, New York, New Jersey and Illinois, are in the running for biggest losers when it comes to retaining corporate HQs, with Illinois surrendering companies such as Citadel and PEAK6 Investments to Florida and Texas, respectively, over the last five years.

CALIFORNIA’S LOOMING CAPITAL FLIGHT PROBLEM COULD RESHAPE STATE IN 3 KEY AREAS

From 2018 to 2023, California experienced a net loss of eight Fortune 500 companies, seven of which relocated to Texas. In addition to Tesla, Chevron also recently announced its decision to move its headquarters from California, where it based its operations for nearly 150 years, to Texas. According to Chevron, the state already holds the majority of Chevron’s employees, and the company “expects all corporate functions to migrate to Houston over the next five years.”

A headquarters move is more than a symbolic gesture. Moving infrastructure and facilities implies relocating assets, employees and executives, and California has experienced a cumulative net loss in headquarters and headquarter jobs since 2011.

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New Jersey, New York and Illinois follow behind California, losing more companies than they gained over a five-year period. From Q1 of 2020 though Q1 2023, both California and New York lost nearly $1 trillion of assets under management due to company relocations. Meanwhile, Sun Belt states like Florida and Texas are emerging as the business and finance hubs of the future, driven primarily by business-friendly regulatory environments and lower costs of living.

Exxon’s redomiciling proposal shows how investment in physical infrastructure in a state can lead to a formal reincorporation in that same state. Once headquartered in New York City, Exxon relocated its corporate headquarters to Texas in 1989 and has spent decades consolidating its leadership, workforce, and research operations there, while expanding its upstream investments, including in the Permian Basin. And now, it is asking its shareholders to formally bless the company as a legally incorporated Texas business.

In our federalist system, it’s the norm for companies to “venue shop” for the optimal state to headquarter, employ workers, establish a legal domicile and raise capital. States compete with each other for different pieces of the puzzle. But Texas’s recent reforms show that it’s possible for a state to position itself as the full package.

Put simply, companies want to pick a winner. The Texas economy is booming, offering businesses a place to set up shop, hire talent, build factories, raise capital and build long-term investments. The state’s corporate law reforms and investments in judicial infrastructure have poised the state to capture new waves of businesses on the move.

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Memphis dog-walker makes haunting discovery: Bones of 3 children

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A dog-walker in Tennessee helped lead investigators to the discovery of unidentified remains of three young children in a case that Memphis’ police chief is calling “disturbing.” 

The Memphis Police Department revealed Wednesday that an investigation has been ongoing since March 8 after the remains of the children, believed to be between the ages of 3 and 7 years old, were found in an area near a church and elementary school. 

“Someone knows of missing children that we have discovered in this area,” Memphis Police Chief Cerelyn Davis said. “This is heartbreaking, it’s disturbing and at this time we have numerous resources to help us to identify these young people and bring closure to this investigation.” 

Davis added that authorities suspect the bones, which were found in a “heavily vegetated area,” have been there for a few years and there “is no indication of any active threat to our public.”

SKELETAL REMAINS FOUND BY HIKERS IN WASHINGTON STATE WOODS IDENTIFIED AS WOMAN MISSING SINCE 2024

The Memphis Police Department released photos of investigators searching through the woods. 

“The operation involves approximately 170 personnel and is being carried out in collaboration with the Shelby County Medical Examiner’s Office, with assistance from the Tennessee Bureau of Investigation, federal partners, and the Memphis Fire Department,” the department said in a statement. “Investigators are conducting a systematic and methodical search of a defined area between Ridgeway Road and Winchester Road in an effort to locate additional evidence.” 

Police say the investigation began on March 8 after an anonymous caller “reported a possible human skull near a wooded area” and “responding officers located what appeared to be a human skull at the edge of the woods.”

INVESTIGATION CONTINUES AFTER HUNDREDS OF CREMATED HUMAN REMAINS DISCOVERED, RECOVERED FROM NEVADA DESERT

A few days later, “cadaver K9 units alerted to a nearby drainage pipe, indicating the possible presence of additional human remains,” police said. 

On April 1, investigators found what “appeared to be an additional skull” inside the drainage system, and the following day, “search teams conducted another coordinated canvass, resulting in the recovery of fourteen additional bones consistent with human remains,” Memphis police also said. 

“Identification is ongoing, and investigators are working to determine both the identities of the individuals and the circumstances surrounding their deaths,” police added.

Laquita Singleterry, a local parent, told FOX 13 Memphis that the discovery is “really heartbreaking.”

“And I really hope they find out who they belong to,” she said. 

“I feel sorry for those children,” added parent Tonya Richmond. “It’s really sad that it happened in the community right across from a school… someone would dump children.” 

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Gilgo Beach killer Rex Heuermann’s ex-wife says she now lives in basement where he murdered seven victims

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RIVERHEAD, N.Y. — Confessed serial killer Rex Heuermann’s ex-wife revealed she has moved into the “kill room” he set up in their basement, and where he admitted to killing seven of his eight known victims, according to her own words in a docuseries.

Asa Ellerup reveals it in the latest episode of “The Gilgo Beach Killer: House of Secrets” on Peacock, which first streamed Thursday morning.

“The brutal truth is that Rex Heuermann said he dismembered the bodies in this room,” she says in the episode. “That is the brutal truth. OK. Now. There’s me. I’m in this room. And I’m here because I do feel spiritual. I am trying to say spiritually, in my own way, that I am really sorry for what these victims went through.”

GILGO BEACH SERIAL KILELR REX HEUERMANN PLEADS GUILTY

She moved down there roughly a month before her ex-husband pleaded guilty, and said she’d visited him 12 times after he confessed privately to her.

“Every night that I go to bed and go to sleep, I am haunted by dreams,” she says. “It will never go away. It will follow me for the rest of my life. It will never be any justice for anyone, and there will never be any way to forget about this.”

Still, she says, she wanted to understand her ex-husband, at least psychologically.

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“I want to know why Rex killed these women, what his triggers were,” Ellerup says. “I’m processing the information in a very different way. Because now I see the evil in him.”

Her lawyer, Bob Macedonio, told Fox News Digital he believed she was still struggling with the fact that her husband of many years was living a double life as one of the most prolific serial killers in decades.

REX HEUERMANN’S FAMILY KEPT GRUESOME PIECE OF EVIDENCE, SOURCE SAYS

“Not so much in the sense that she wants to know Rex the serial killer, she wants to know that side of Rex and also get to know herself and how she missed all this in 30 years,” he said. “She wants to know herself, not so much who Rex is.”

Ellerup also described the moment her husband confessed his crimes to her, ahead of his change of plea hearing earlier this month. He admitted to killing eight victims, and at the time he had only been charged with seven.

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On April 8, Heuermann, a 62-year-old former New York City architect, pleaded guilty to the murders of Melissa Barthelemy, Megan Waterman, Amber Costello, Maureen Brainard-Barnes, Jessica Taylor, Sandra Costilla, and Valerie Mack. He confessed to an eighth, uncharged murder, of Karen Vergata. All of the slayings took place between 1993 and 2010.

“This has been an extremely emotional and painful process for the family to endure and come to terms with the allegations that Rex Heuermann was the Gilgo Beach serial killer,” Ellerup’s attorney, Bob Macedonio, said in a statement. “Ms. Ellerup would like the focus to remain where it belongs — on the victims and their families, who have suffered immeasurable and lasting losses.”

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Each of the victims had been strangled. Some were tortured. Three were dismembered. Most were found to the east of Gilgo Beach, on Ocean Parkway about 45 miles outside New York City. Some were scattered across multiple locations. Costilla, the first victim, was found in the Hamptons less than 48 hours after her disappearance in late November 1993.

She’s the only one Heuermann didn’t kill in his Massapequa Park home.

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He killed her in a vehicle that police recovered decades later in Pennsylvania, according to a source close to the family.

Heuermann was arrested outside his midtown Manhattan office in July 2023 and had maintained his innocence for nearly three years. A trial had been set for September.

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His killing spree went unknown for decades, until a 23-year-old woman named Shannan Gilbert vanished under alarming circumstances in 2010. She had placed numerous 911 calls, sounding heavily inebriated and begging for help after leaving a home in Oak Beach, which is down the road from Gilgo.

The search for her turned up the remains of 10 other people — seven of whom Heuermann has admitted to killing.

Suffolk County police have publicly described Gilbert’s death as an accidental drowning. The deaths of another victim, 26-year-old Tanya Jackson, and her 2-year-old daughter, Tatiana Dykes, have been blamed on a Florida man who was arrested last year.

Andrew Dykes has pleaded not guilty in that case and is due back in court in Nassau County Friday.

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Charles Barkley was disgusted by Magic’s highly questionable pregame handshake

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The Orlando Magic dropped Game 2 of their first-round playoff series to the Detroit Pistons on Wednesday, and it’s safe to assume Charles Barkley was mighty confident that the L was coming before the game even tipped off.

In the lead-up to the matchup in Detroit, the ESPN broadcast shared a live shot of members of the Magic partaking in some pre-game antics. And yes, antics is the appropriate word to describe what transpired on the screen.

Just as the broadcast went to a commercial, Tristan da Silva and Desmond Bane snuck in their pre-game handshake, if you want to call it that. The Orlando teammates shared a quick high-five before thrusting the air awfully close to one another.

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Barkley, a member of the “Inside The NBA” crew, simply had to react to what he was seeing transpire, and understandably so.

“Oh come on, come on, oh,” the Hall of Famer could be heard grunting.

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Bane and da Silva’s move was simple by NBA pregame handshake standards, where things have gotten way out of hand in recent years, but that doesn’t mean it wasn’t incredibly awkward.

While the vibes between Bane and da Silva appeared to be very high before taking the court, it didn’t translate onto the floor.

The Pistons dominated the Magic 98-83 to even up the series at 1-1, and the duo’s poor shooting performance certainly didn’t help the cause. Bane finished the night with 12 points while going 2-for-11 from the floor, while da Silva put up just three points by shooting 1-for-3 on field goal attempts.

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