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What's Happening in Austin

HomeAway taps president for European operations
HomeAway Inc. has named Petra Friedmann to the position of president of HomeAway Europe.

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Austin office vacancy rises to 21% in Q2
Tough times continue for the local office market.

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Gas prices dip as holiday approaches
The average price for gas in Texas declined by 4 cents this past week after leveling off from a steady climb since the beginning of the year, according to AAA Texas. The average price for a gallon of regular unleaded dropped from $2.53 to $2.49 over the past week across the Lone Star State. Nationally the figure is $2.63, also reflecting a four cent drop from the prior week.

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Weil Gotshal to close Austin office
Weil Gotshal & Manges LLP, which opened its Austin office in 2003, will close that office permanently at the end of the year.

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Unemployment hits 26-year high
Employers cut more jobs in the U.S. in June causing unemployment to rise to 9.5 percent from 9.4 percent in May, the highest since August 1983.

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