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  • Want to check in on Foursquare? Now you have to download Swarm

    National Business News - Local Business News | bizjournals
    Ben Fischer
    24 Jul 2014 | 3:53 am
    Happy Hour on Thursday is going to feel a lot different for hard-core mobile app lovers: For the first time since March 2009, you won't be able to check in on Foursquare. Foursquare Labs Inc. said Wednesday it's moving all "check-ins" to its newly unbundled, poorly reviewed app called Swarm starting tomorrow. The Foursquare app will either open Swarm automatically when you try to check in, or prompt you to download the new app if you don't have it yet. It's the first mandatory, so to speak, phase…
  • Interactive map shows open jobs across Dayton

    Business News from the Midwest - bizjournals.com
    24 Jul 2014 | 3:52 am
    Employers in the Dayton region have 414 openings for engineers. For health care workers, there are more than 2,000 openings. This is according to Glassdoor.com, which has built a map-based visualization tool that shows the city or county where a job seeker is most likely to get hired. Someone looking for a job can punch their data and get a clickable, color-coded map of the nation that shows areas with the highest concentrations of jobs for people with their qualifications. The maps, which can zoom…
  • Urban planners predict how Portland may develop over the next 20 years

    Bizjournals.com Northwest RSS Feed
    Alli Pyrah
    23 Jul 2014 | 6:08 pm
    How will Portland develop over the next 20 years? Urban planners from Portland City Council have spent the last three years attempting to answer to that question. At a press briefing Wednesday, they shared their predictions for how Portland will take shape between now and 2035. The result of their efforts is a draft version of the 2035 Comprehensive Plan, which provides a framework for Portland's zoning codes, job creation, affordable housing, environmental stewardship and transportation. The…
  • Texas Capital Bancshares posts 18 percent income increase

    Business News from Southwest US - bizjournals.com
    Korri Kezar
    24 Jul 2014 | 3:30 am
    Texas Capital Bancshares posted an 18 percent increase in net income for the second quarter over the first three months of the year. In a Tuesday earnings statement, Texas Capital (NASDAQ: TCBI) showed increases in every aspect of its earnings, including a 21 percent increase in demand deposits, 38 percent increase on mortgage finance loans and an increase in investment loans of nearly 25 percent. “We had a great quarter as far as generating earning assets and strong returns,” CFO Peter Bartholow…
  • Xerox ranks as biggest employer among Rochester's public companies

    Business News from the Northeast US - bizjournals
    24 Jul 2014 | 3:45 am
    Employment figures were released yesterday for the biggest privately held companies in the Rochester area, led by Wegmans Food Markets Inc. Now it's the turn for the region's public companies. The Rochester Business Journal is reporting this morning that Xerox Corp. heads the list. It employs 6,700 people in the six-county Rochester region. Second is Paychex Inc., which has 3,900 local workers. And third place goes to the company that had been the biggest for decades, Eastman Kodak Co., which…
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    National Business News - Local Business News | bizjournals

  • Want to check in on Foursquare? Now you have to download Swarm

    Ben Fischer
    24 Jul 2014 | 3:53 am
    Happy Hour on Thursday is going to feel a lot different for hard-core mobile app lovers: For the first time since March 2009, you won't be able to check in on Foursquare. Foursquare Labs Inc. said Wednesday it's moving all "check-ins" to its newly unbundled, poorly reviewed app called Swarm starting tomorrow. The Foursquare app will either open Swarm automatically when you try to check in, or prompt you to download the new app if you don't have it yet. It's the first mandatory, so to speak, phase…
  • Man pulls same scam on Apple 42 times, nets $310K, now faces prison

    24 Jul 2014 | 3:53 am
    A Tampa man is accused of scamming nearly $310,000 from Apple. Sharron Laverne Parrish Jr., 24, is accused in a Secret Service criminal complaint of wire fraud in 16 states to rack up the total, the Tampa Bay Times said. According to the complaint, Parrish first bought items worth $7,753 at an Apple store. When his card was declined he made a fake call to his bank and gave the store clerk a made up authorization code that supposedly overrode the decline. It worked and Parrish is accused of doing…
  • Interactive map shows open jobs across Dayton

    24 Jul 2014 | 3:52 am
    Employers in the Dayton region have 414 openings for engineers. For health care workers, there are more than 2,000 openings. This is according to Glassdoor.com, which has built a map-based visualization tool that shows the city or county where a job seeker is most likely to get hired. Someone looking for a job can punch their data and get a clickable, color-coded map of the nation that shows areas with the highest concentrations of jobs for people with their qualifications. The maps, which can zoom…
  • Visit Florida highlighted as part of Google's $6.5B economic activity in Florida

    Margie Manning
    24 Jul 2014 | 3:51 am
    Google helped provide $6.5 billion of economic activity for Florida businesses in 2013. A chunk of that helped out the hospitality companies that work with Visit Florida, according to Will Seccombe, president and CEO of the statewide tourism group, which is highlighted in Google’s newly released economic impact report. Visit Florida has gone from spending less than 5 percent of its media budget on digital to 26 percent last year, Seccombe said in the report. In five years, Visit Florida has grown…
  • PTI drops to 82nd in index for airports with cheapest flights

    24 Jul 2014 | 3:50 am
    Piedmont Triad International Airport was ranked 82nd for affordability among the 101 most popular airports around the country according to a survey conducted by CheapFlights.com last month, a big drop in its standing from last year. The Greensboro airport ranked 82nd this year with an average airfare of $459. It was in No. 14 last year. CheapFlights.com created the index, using average ticket prices from June, and shows how the rankings fluctuate from year to year by listing previous rankings. Other…
 
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    Business News from the Midwest - bizjournals.com

  • Interactive map shows open jobs across Dayton

    24 Jul 2014 | 3:52 am
    Employers in the Dayton region have 414 openings for engineers. For health care workers, there are more than 2,000 openings. This is according to Glassdoor.com, which has built a map-based visualization tool that shows the city or county where a job seeker is most likely to get hired. Someone looking for a job can punch their data and get a clickable, color-coded map of the nation that shows areas with the highest concentrations of jobs for people with their qualifications. The maps, which can zoom…
  • Waukesha County execs hit the links: Slideshow

    Scott Paulus
    24 Jul 2014 | 3:00 am
    More than 300 Waukesha County business executives hit the links Wednesday for the Waukesha County Business Alliance annual golf outing. Check out our slideshow to see photos from the event. The sold-out event, which was held at the Ironwood Golf Course in Sussex, is one of the biggest golfing and networking events in Waukesha County each year. Business executives in attendance at the golf outing included Michael Delzer of Delzer Lithograph Co., Scott Satula of MLG Commercial, Chris Mehring and…
  • At least two 'Shark Tank' contestants called back

    Denise Lockwood
    24 Jul 2014 | 3:00 am
    A few of the hundreds of people who showed up for an open casting call for ABC’s television show "Shark Tank" have already received a call back to go to the next level, which means the show could have some representation from Wisconsin. This was the first time "Shark Tank" has done a casting call in Milwaukee. U.S. Cellular pitched the idea to come to Milwaukee because these were markets the show had not been to before. Teen-age entrepreneurs Stephanie Jahr, 19, Elizabeth Jahr, 17, and Annika…
  • New Business Leads - Collected week of July 18, 2014

    23 Jul 2014 | 5:01 pm
    New Businesses -Assumed Names Company: Mnccay Recycled Glass Products, First: McCay, Last: Woolcott, Address: 2425 E. Franklin Ave. No. 302, City: Minneapolis, State: MN, Zip: 55406, Type: manufacturing-glass and clay products, Sic: 32, Recdate: 2014-06-23, Jurisdiction: Hennepin County Company: A&J Sales, First: Adriane, Last: Epps, Address: 8225 W. 30th St. Apt. 21, City: St. Louis Park, State: MN, Zip: 55426, Type: retail-miscellaneous, Sic: 59, Recdate: 2014-06-23, Jurisdiction: Hennepin County Company:…
  • Real Estate Leads - Collected week of July 18, 2014

    23 Jul 2014 | 5:01 pm
    Building Permits Find out what areas are developing rapidly to strategize growth opportunities for your business or target owners of individual projects with your products and services. New issued building permits are collected from city and county building and zoning departments. -Commercial Mortgages Permittype: C, Contractor: Fulcrum Construction LLC, Usetype: commercial alteration, Siteaddr: 2111 N. Rock, Propdesc: Best Buy/E.E. Jabes Second Addition, Value: 234808, Recdate: 2014-07-09, Jurisdiction:…
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    Bizjournals.com Northwest RSS Feed

  • Urban planners predict how Portland may develop over the next 20 years

    Alli Pyrah
    23 Jul 2014 | 6:08 pm
    How will Portland develop over the next 20 years? Urban planners from Portland City Council have spent the last three years attempting to answer to that question. At a press briefing Wednesday, they shared their predictions for how Portland will take shape between now and 2035. The result of their efforts is a draft version of the 2035 Comprehensive Plan, which provides a framework for Portland's zoning codes, job creation, affordable housing, environmental stewardship and transportation. The…
  • Court Records - Collected week of July 18, 2014

    23 Jul 2014 | 5:01 pm
    Judgments Judgments filed or recorded in local county offices. -State Tax Liens and Releases Business or Person: B, Plaintiff: Cathay Bank, Defendant: Lee-Dental-Everett PLLC/Yoon S. Lee DDS PS/Lee Dental-Lynnwood PLLC, Amount: $400,419, Winner: plaintiff, Caseno: 14 2 03694 7, Filedate: 2014-06-19, Recdate: 2014-06-24, Jurisdiction: Snohomish County Lawsuits New litigation filed against businesses in the local courts. Plaintiff: American Express Bank, Defendant: Jacob Waller/Performance Chiropractic…
  • Real Estate Leads - Collected week of July 18, 2014

    23 Jul 2014 | 5:01 pm
    Building Permits Find out what areas are developing rapidly to strategize growth opportunities for your business or target owners of individual projects with your products and services. New issued building permits are collected from city and county building and zoning departments. -Commercial Mortgages Permittype: C, Contractor: Catherine Calvert (applicant), Usetype: commercial addition/alteration, Siteaddr: 2033 Second Ave., Sitecity: Seattle, Sitestate: WA, Propdesc: Holocaust Education Resource…
  • Liens and Bankruptcies Leads - Collected week of July 18, 2014

    23 Jul 2014 | 5:01 pm
    Federal Tax Liens and Releases Federal Tax Liens - These are recently filed by the Internal Revenue Service against assets of a business for unpaid income or payroll taxes. They are recorded at local county offices. If the lien has been paid the release date will be indicated. -State Tax Liens Business or Person: B, Name: Millard Technical Service Inc., Address: 3635 C St. N.E., City: Auburn, State: WA, Zip: 98002, Amount: $29,963, Taxtype: (941), Bookpage: 2014 0623000005, Filedate: 2014-06-12,…
  • Liens and Bankruptcies Leads - Collected week of July 18, 2014

    23 Jul 2014 | 5:01 pm
    Federal Tax Liens and Releases Federal Tax Liens - These are recently filed by the Internal Revenue Service against assets of a business for unpaid income or payroll taxes. They are recorded at local county offices. If the lien has been paid the release date will be indicated. -State Tax Liens Business or Person: B, Name: Webforensics Inc., Address: 23775 S.W. Stonehaven St., City: Sherwood, State: OR, Zip: 97140, Amount: $28,115, Taxtype: (940/941), Bookpage: 2014 39873, Filedate: 2014-06-19,…
 
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    Business News from Southwest US - bizjournals.com

  • Texas Capital Bancshares posts 18 percent income increase

    Korri Kezar
    24 Jul 2014 | 3:30 am
    Texas Capital Bancshares posted an 18 percent increase in net income for the second quarter over the first three months of the year. In a Tuesday earnings statement, Texas Capital (NASDAQ: TCBI) showed increases in every aspect of its earnings, including a 21 percent increase in demand deposits, 38 percent increase on mortgage finance loans and an increase in investment loans of nearly 25 percent. “We had a great quarter as far as generating earning assets and strong returns,” CFO Peter Bartholow…
  • The Tesla Model X will start production soon as factory gets $100M redo

    Nicholas Sakelaris
    24 Jul 2014 | 3:28 am
    Good news for North Texans who have ordered the Tesla Model X: the carmaker is getting its Fremont, California factory ready to start producing the electric crossover, Bloomberg reported. Tesla Motors (NYSE: TSLA) stopped production at the factory July 21 so it could get the assembly line ready and add robots to speed up production of the Model S. The $100 million upgrade boosts production by 25 percent by adding 25 new robots, Bloomberg reported. Production will resume in about 10 days. “This…
  • Tyler Technologies reports record profit in Q2

    Danielle Abril
    24 Jul 2014 | 3:25 am
    Tyler Technologies reported that it made $14.7 million, or 42 cents per share, on $124.4 million in revenue, marking the best quarter in its history. During the same quarter last year, the Plano-based company made $9 million on $103.1 million in revenue. As a result, the company increased its full-year guidance. It now expects total revenues to range between $283 million to $489 million and profits to range between $1.52 to $1.59. Tyler CEO John Marr, Jr. credited license, royalty and subscription…
  • Perry Kaufman takes reins at Travis Wolff

    Bill Hethcock
    24 Jul 2014 | 3:24 am
    TravisWolff accounting and advisory firm has named Perry Kaufman as its managing partner and is making other organizational changes as the firm entrenches its position serving mid-market clients. Kaufman wants to continue the firm's growth by focusing on the middle market, he told me in an interview. The middle market — firms with $50 million to $150 million in revenue — is growing dramatically in Dallas-Fort Worth, he said. “Our whole firm is truly focused on the advice and counsel that…
  • Up To Speed: Liberty Global's Malone suspects Fox will be only bidder for Time Warner

    David A. Arnott
    24 Jul 2014 | 3:22 am
    John Malone, of the Liberty Global (NASDAQ: LBTYA) media empire, weighed in on 21st Century Fox's (NASDAQ: FOX) reported $80 billion bid for Time Warner Inc. (NYSE: TWX), saying he doesn't think any other bidders will emerge. Malone cited several advantages Fox enjoys over any potential competitors, including the ability to offer nonvoting stock, according to a report by the Wall Street Journal. Malone added that speculation about a large technology company -- others have floated Google (NASDAQ:…
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    Business News from the Northeast US - bizjournals

  • Xerox ranks as biggest employer among Rochester's public companies

    24 Jul 2014 | 3:45 am
    Employment figures were released yesterday for the biggest privately held companies in the Rochester area, led by Wegmans Food Markets Inc. Now it's the turn for the region's public companies. The Rochester Business Journal is reporting this morning that Xerox Corp. heads the list. It employs 6,700 people in the six-county Rochester region. Second is Paychex Inc., which has 3,900 local workers. And third place goes to the company that had been the biggest for decades, Eastman Kodak Co., which…
  • 1Q net income drops at Hudson City

    Allissa Kline
    24 Jul 2014 | 3:45 am
    Net income at Hudson City Bancorp Inc. slipped nearly 20 percent during the second quarter of 2014 as the Paramus, N.J. financial institution continues its long wait to be acquired by Buffalo’s M&T Bank. The parent company of Hudson City Savings Bank this week reported net income of $39.2 million or 8 cents per share for the period ending June 30. Last year at this time, the company’s net income was $48.7 million or 10 cents per share. The year-over-year decline was attributed to a reduction…
  • NASCAR's Kahne takes drive around GM Tonawanda

    David Bertola
    24 Jul 2014 | 3:43 am
    NASCAR driver Kasey Kahne was in town Wednesday to tour the General Motors Co. Tonawanda Engine Plant’s GEN 5 engine line. He also was on hand as the GM Foundation made $60,000 in donations to area charities. The plant is also the exclusive provider of the standard 6.2 liter LT1 V8 engine for the 2014 Corvette Stingray. Kahne, who drives a Chevrolet on the NASCAR circuit, talked about his foundation, his preparation for this week’s race in Indianapolis and promoted the Cheez-It 355, to be held…
  • Home of the Day: Custom Built Home

    Long & Foster Luxury Homes, Exclusive Christie's International Affiliate
    24 Jul 2014 | 3:42 am
    By Laurie Mensing, Agent Home of the Day is a new feature presented by the Washington Business Journal with Long & Foster and Christie's International Real Estate. This is your invitation to view some of the D.C.'s most-luxurious properties. Come inside and take a look around. Click on the gallery image to view today's featured property. 729 Lawton Street, McLean, VA 22101 | $2,281,000 This exceptional offering is for the family that wants to fully live and enjoy their home. Completely remodeled…
  • People on the Move - 2014-07-24

    24 Jul 2014 | 3:41 am
    Brenda Becker has been appointed to the Ellicott City Senior Center Council. She brings nearly 15 years’ experience in the senior living industry to the council, which is focused on improving the lives of those over age 50 in Howard County.Audrey Watson is currently overseeing the following accounts: the Center Club Baltimore, McComas Funeral Home, Vinea Research and Barely Used Consignments on Main Street. She accepted the position on Piccirilli’s staff as an opportunity to work with a variety…
 
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    Business News from Southeast US - bizjournals.com

  • Want to check in on Foursquare? Now you have to download Swarm

    Ben Fischer
    24 Jul 2014 | 3:53 am
    Happy Hour on Thursday is going to feel a lot different for hard-core mobile app lovers: For the first time since March 2009, you won't be able to check in on Foursquare. Foursquare Labs Inc. said Wednesday it's moving all "check-ins" to its newly unbundled, poorly reviewed app called Swarm starting tomorrow. The Foursquare app will either open Swarm automatically when you try to check in, or prompt you to download the new app if you don't have it yet. It's the first mandatory, so to speak, phase…
  • Man pulls same scam on Apple 42 times, nets $310K, now faces prison

    24 Jul 2014 | 3:53 am
    A Tampa man is accused of scamming nearly $310,000 from Apple. Sharron Laverne Parrish Jr., 24, is accused in a Secret Service criminal complaint of wire fraud in 16 states to rack up the total, the Tampa Bay Times said. According to the complaint, Parrish first bought items worth $7,753 at an Apple store. When his card was declined he made a fake call to his bank and gave the store clerk a made up authorization code that supposedly overrode the decline. It worked and Parrish is accused of doing…
  • Visit Florida highlighted as part of Google's $6.5B economic activity in Florida

    Margie Manning
    24 Jul 2014 | 3:51 am
    Google helped provide $6.5 billion of economic activity for Florida businesses in 2013. A chunk of that helped out the hospitality companies that work with Visit Florida, according to Will Seccombe, president and CEO of the statewide tourism group, which is highlighted in Google’s newly released economic impact report. Visit Florida has gone from spending less than 5 percent of its media budget on digital to 26 percent last year, Seccombe said in the report. In five years, Visit Florida has grown…
  • Sprint, Google partner to offer biz apps

    Bobby Burch
    24 Jul 2014 | 3:50 am
    Sprint Corp. is teaming up with one of the biggest name in technology: Google Inc. Starting Aug. 18, Sprint will begin selling Google Apps for business in a move the company hopes will add value for business clients and retain more customers. The cloud-based apps include Google's communication, storage, collaboration and management tools, which pair well with Sprint's mobile aptitudes, said Michael Fitz, vice president of Sprint's business solutions. "First and foremost, it allows us to go to our…
  • PTI drops to 82nd in index for airports with cheapest flights

    24 Jul 2014 | 3:50 am
    Piedmont Triad International Airport was ranked 82nd for affordability among the 101 most popular airports around the country according to a survey conducted by CheapFlights.com last month, a big drop in its standing from last year. The Greensboro airport ranked 82nd this year with an average airfare of $459. It was in No. 14 last year. CheapFlights.com created the index, using average ticket prices from June, and shows how the rankings fluctuate from year to year by listing previous rankings. Other…
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    Accounting News - Accounting News Headlines | Bizjournals.com

  • Insurers returning millions to Floridians for missing Obamacare benchmark

    Salem Solomon
    24 Jul 2014 | 3:39 am
    Health insurers will be refunding nearly $41.7 million to Florida customers due to a provision in the Affordable Care Act. The Medical Loss Ratio rule also known as the 80/20 rule requires that insurers spend at least 80 percent of all premium dollars on patient care and quality improvement, according to a statement by the U.S. Department of Health and Human Services. If insurers spend more than 20 percent on profits and overhead, they must refund the difference to customers. This year, the average…
  • NHL warns that hockey could be endangered by global warming

    24 Jul 2014 | 3:36 am
    Here's another entity that is threatened by global warming -- hockey. The National Hockey League has issued a warning that the game could be threatened if winters continue to get milder. The Toronto Star says the warning is contained in the league's annual sustainability report, which reviews how the NHL and its member teams are dealing with environmental issues. Included in the report is a letter from Commissioner Gary Bettman. “Our sport can trace its roots to frozen freshwater ponds, to…
  • Loan spike lifts Financial Institutions in 2Q

    Allissa Kline
    24 Jul 2014 | 3:34 am
    The parent company of Five Star Bank reported a 2.7 percent increase in net income for the second quarter, in part because loans reached record-high levels by the end of June. Net income at Financial Institutions Inc. was $7.0 million or 48 cents per share by the end of June, an increase from the same quarter in 2013 when net income was $6.9 million or 47 cents per share. Loans totaled $1.9 billion for the three-month period between April 1 and June 30, reflecting a year-over-year improvement of…
  • Apple’s latest smartwatch patent details gesture controls, calls gadget iTime

    Sarah Drake
    24 Jul 2014 | 3:33 am
    Apple Inc. filed a patent application for a wristwatch that allows answering a phone call with the flick of a wrist and the ability connect to other Apple-branded products with a gadget it refers to as iTime in at least one drawing. The device will connect via a “personal wireless environment” with other Apple gadgets like iPhones, iPads, desktop computers and even the watch’s own straps, which have built-in sensors, AppleInsider reports. The documents detail a “smart wristband” that would…
  • Seven things to know about paying student loans

    Greg Edwards
    24 Jul 2014 | 3:33 am
    Did you know you can reduced the interest rate on your (or your kid's) student loan by 0.25 percent just by signing up for automatic monthly debit? Or that small towns in some areas offer up to $3,000 a year to help pay back your loans? Other tips from the editors of Kiplinger’s Personal Finance: - You can extend your repayment period on your federal loans if you owe $30,000 or more. - You can make smaller payments for federal loans and have debt forgiven if you don’t earn much. - Dropping…
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    Agriculture News - Agriculture News Headlines | Bizjournals.com

  • Insurers returning millions to Floridians for missing Obamacare benchmark

    Salem Solomon
    24 Jul 2014 | 3:39 am
    Health insurers will be refunding nearly $41.7 million to Florida customers due to a provision in the Affordable Care Act. The Medical Loss Ratio rule also known as the 80/20 rule requires that insurers spend at least 80 percent of all premium dollars on patient care and quality improvement, according to a statement by the U.S. Department of Health and Human Services. If insurers spend more than 20 percent on profits and overhead, they must refund the difference to customers. This year, the average…
  • NHL warns that hockey could be endangered by global warming

    24 Jul 2014 | 3:36 am
    Here's another entity that is threatened by global warming -- hockey. The National Hockey League has issued a warning that the game could be threatened if winters continue to get milder. The Toronto Star says the warning is contained in the league's annual sustainability report, which reviews how the NHL and its member teams are dealing with environmental issues. Included in the report is a letter from Commissioner Gary Bettman. “Our sport can trace its roots to frozen freshwater ponds, to…
  • Loan spike lifts Financial Institutions in 2Q

    Allissa Kline
    24 Jul 2014 | 3:34 am
    The parent company of Five Star Bank reported a 2.7 percent increase in net income for the second quarter, in part because loans reached record-high levels by the end of June. Net income at Financial Institutions Inc. was $7.0 million or 48 cents per share by the end of June, an increase from the same quarter in 2013 when net income was $6.9 million or 47 cents per share. Loans totaled $1.9 billion for the three-month period between April 1 and June 30, reflecting a year-over-year improvement of…
  • Apple’s latest smartwatch patent details gesture controls, calls gadget iTime

    Sarah Drake
    24 Jul 2014 | 3:33 am
    Apple Inc. filed a patent application for a wristwatch that allows answering a phone call with the flick of a wrist and the ability connect to other Apple-branded products with a gadget it refers to as iTime in at least one drawing. The device will connect via a “personal wireless environment” with other Apple gadgets like iPhones, iPads, desktop computers and even the watch’s own straps, which have built-in sensors, AppleInsider reports. The documents detail a “smart wristband” that would…
  • Seven things to know about paying student loans

    Greg Edwards
    24 Jul 2014 | 3:33 am
    Did you know you can reduced the interest rate on your (or your kid's) student loan by 0.25 percent just by signing up for automatic monthly debit? Or that small towns in some areas offer up to $3,000 a year to help pay back your loans? Other tips from the editors of Kiplinger’s Personal Finance: - You can extend your repayment period on your federal loans if you owe $30,000 or more. - You can make smaller payments for federal loans and have debt forgiven if you don’t earn much. - Dropping…
 
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    Banking & Financial News - Banking & Financial News Headlines | Bizjournals.com

  • Regions Financial posts solid second-quarter numbers

    Rob Robertson
    24 Jul 2014 | 3:49 am
    Regions Financial Corp. reported net income available to common shareholders of $292 million in the second quarter of 2014, an 11 percent increase over the previous year's $262 million, the company announced Tuesday morning. The bank also reported earnings per diluted share of 21 cents in the second quarter, bolstered by loan growth, as analysts predicted. Net income dropped from the first quarter’s results of $311 million. Regions grew ending loan balances to $833 million, or 1.1 percent,…
  • Loan spike lifts Financial Institutions in 2Q

    Allissa Kline
    24 Jul 2014 | 3:34 am
    The parent company of Five Star Bank reported a 2.7 percent increase in net income for the second quarter, in part because loans reached record-high levels by the end of June. Net income at Financial Institutions Inc. was $7.0 million or 48 cents per share by the end of June, an increase from the same quarter in 2013 when net income was $6.9 million or 47 cents per share. Loans totaled $1.9 billion for the three-month period between April 1 and June 30, reflecting a year-over-year improvement of…
  • Seven things to know about paying student loans

    Greg Edwards
    24 Jul 2014 | 3:33 am
    Did you know you can reduced the interest rate on your (or your kid's) student loan by 0.25 percent just by signing up for automatic monthly debit? Or that small towns in some areas offer up to $3,000 a year to help pay back your loans? Other tips from the editors of Kiplinger’s Personal Finance: - You can extend your repayment period on your federal loans if you owe $30,000 or more. - You can make smaller payments for federal loans and have debt forgiven if you don’t earn much. - Dropping…
  • Texas Capital Bancshares posts 18 percent income increase

    Korri Kezar
    24 Jul 2014 | 3:30 am
    Texas Capital Bancshares posted an 18 percent increase in net income for the second quarter over the first three months of the year. In a Tuesday earnings statement, Texas Capital (NASDAQ: TCBI) showed increases in every aspect of its earnings, including a 21 percent increase in demand deposits, 38 percent increase on mortgage finance loans and an increase in investment loans of nearly 25 percent. “We had a great quarter as far as generating earning assets and strong returns,” CFO Peter Bartholow…
  • Raleigh tops Forbes' Best Places for Business list

    Lauren K. Ohnesorge
    24 Jul 2014 | 3:25 am
    Raleigh just topped Forbes’ list of Best Places for Business. Citing business costs – 18 percent below the national average – and an educated workforce, Forbes gives Raleigh the top slot over Des Moines, Iowa, which ranks at number two. The ranking coincides with economic development news throughout the last week - such as Merz North America's decision to move its headquarters from High Point to Raleigh. Raleigh, home of tech titans such as Citrix (NASDAQ: CTXS) and Red Hat (NYSE: RHT),…
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    Bankruptcy News - Bankruptcy News Headlines | Bizjournals.com

  • Insurers returning millions to Floridians for missing Obamacare benchmark

    Salem Solomon
    24 Jul 2014 | 3:39 am
    Health insurers will be refunding nearly $41.7 million to Florida customers due to a provision in the Affordable Care Act. The Medical Loss Ratio rule also known as the 80/20 rule requires that insurers spend at least 80 percent of all premium dollars on patient care and quality improvement, according to a statement by the U.S. Department of Health and Human Services. If insurers spend more than 20 percent on profits and overhead, they must refund the difference to customers. This year, the average…
  • NHL warns that hockey could be endangered by global warming

    24 Jul 2014 | 3:36 am
    Here's another entity that is threatened by global warming -- hockey. The National Hockey League has issued a warning that the game could be threatened if winters continue to get milder. The Toronto Star says the warning is contained in the league's annual sustainability report, which reviews how the NHL and its member teams are dealing with environmental issues. Included in the report is a letter from Commissioner Gary Bettman. “Our sport can trace its roots to frozen freshwater ponds, to…
  • Loan spike lifts Financial Institutions in 2Q

    Allissa Kline
    24 Jul 2014 | 3:34 am
    The parent company of Five Star Bank reported a 2.7 percent increase in net income for the second quarter, in part because loans reached record-high levels by the end of June. Net income at Financial Institutions Inc. was $7.0 million or 48 cents per share by the end of June, an increase from the same quarter in 2013 when net income was $6.9 million or 47 cents per share. Loans totaled $1.9 billion for the three-month period between April 1 and June 30, reflecting a year-over-year improvement of…
  • Apple’s latest smartwatch patent details gesture controls, calls gadget iTime

    Sarah Drake
    24 Jul 2014 | 3:33 am
    Apple Inc. filed a patent application for a wristwatch that allows answering a phone call with the flick of a wrist and the ability connect to other Apple-branded products with a gadget it refers to as iTime in at least one drawing. The device will connect via a “personal wireless environment” with other Apple gadgets like iPhones, iPads, desktop computers and even the watch’s own straps, which have built-in sensors, AppleInsider reports. The documents detail a “smart wristband” that would…
  • Seven things to know about paying student loans

    Greg Edwards
    24 Jul 2014 | 3:33 am
    Did you know you can reduced the interest rate on your (or your kid's) student loan by 0.25 percent just by signing up for automatic monthly debit? Or that small towns in some areas offer up to $3,000 a year to help pay back your loans? Other tips from the editors of Kiplinger’s Personal Finance: - You can extend your repayment period on your federal loans if you owe $30,000 or more. - You can make smaller payments for federal loans and have debt forgiven if you don’t earn much. - Dropping…
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    Commercial Real Estate Industry News Headlines | Bizjournals.com

  • CNL Healthcare Properties invests more than $225M in Texas, Illinois properties

    Cindy Barth
    24 Jul 2014 | 3:48 am
    CNL Healthcare Properties, a real estate investment trust, has completed the acquisition of a portfolio of seven senior housing communities in Texas and one in Illinois. The eight properties collectively include 798 units and 72 skilled nursing beds that were acquired from South Bay Partners Ltd., a Dallas-based senior housing development company. In addition, CNL Healthcare Properties formed a joint venture with South Bay Partners to develop a $38.2 million independent living community in Katy,…
  • 1Q net income drops at Hudson City

    Allissa Kline
    24 Jul 2014 | 3:45 am
    Net income at Hudson City Bancorp Inc. slipped nearly 20 percent during the second quarter of 2014 as the Paramus, N.J. financial institution continues its long wait to be acquired by Buffalo’s M&T Bank. The parent company of Hudson City Savings Bank this week reported net income of $39.2 million or 8 cents per share for the period ending June 30. Last year at this time, the company’s net income was $48.7 million or 10 cents per share. The year-over-year decline was attributed to a reduction…
  • Level 2 Development buys development site near Union Market

    Daniel J. Sernovitz
    24 Jul 2014 | 3:40 am
    Level 2 Development, part of the team working with Edens to remake part of the 45-acre Union Market in Northeast D.C., is spreading out with plans to redevelop another site nearby. An affiliate of Level 2, 320 Florida Owner LLC, bought the Burger King site at 320 Florida Ave. NE July 22 for about $8.8 million. It picked up the property from Lionstone Investments, a Texas-based real estate investment trust that had owned it since 2006. L2 Principal David Franco confirmed the deal but said it is…
  • Loan spike lifts Financial Institutions in 2Q

    Allissa Kline
    24 Jul 2014 | 3:34 am
    The parent company of Five Star Bank reported a 2.7 percent increase in net income for the second quarter, in part because loans reached record-high levels by the end of June. Net income at Financial Institutions Inc. was $7.0 million or 48 cents per share by the end of June, an increase from the same quarter in 2013 when net income was $6.9 million or 47 cents per share. Loans totaled $1.9 billion for the three-month period between April 1 and June 30, reflecting a year-over-year improvement of…
  • Couple behind $10M Cyclorama gift no Civil War buffs, but wanted to thank city

    24 Jul 2014 | 2:00 am
    The couple pitching in $10 million for restoration of Atlanta's historic Cyclorama painting and its relocation from Grant Park to a custom-built facility at Atlanta History Center in Buckhead are not Civil War buffs, but wanted to give something back to Atlanta, reports SaportaReport.com. “We - Mary Ann and I - have lived in Atlanta for all of our married lives - 52 years,” Lloyd Whitaker said. "The city has been very good to us, and we thought that this was a good way for us to give something…
 
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    Economic Snapshot News - Economic Snapshot News Headlines | Bizjournals.com

  • Insurers returning millions to Floridians for missing Obamacare benchmark

    Salem Solomon
    24 Jul 2014 | 3:39 am
    Health insurers will be refunding nearly $41.7 million to Florida customers due to a provision in the Affordable Care Act. The Medical Loss Ratio rule also known as the 80/20 rule requires that insurers spend at least 80 percent of all premium dollars on patient care and quality improvement, according to a statement by the U.S. Department of Health and Human Services. If insurers spend more than 20 percent on profits and overhead, they must refund the difference to customers. This year, the average…
  • NHL warns that hockey could be endangered by global warming

    24 Jul 2014 | 3:36 am
    Here's another entity that is threatened by global warming -- hockey. The National Hockey League has issued a warning that the game could be threatened if winters continue to get milder. The Toronto Star says the warning is contained in the league's annual sustainability report, which reviews how the NHL and its member teams are dealing with environmental issues. Included in the report is a letter from Commissioner Gary Bettman. “Our sport can trace its roots to frozen freshwater ponds, to…
  • Loan spike lifts Financial Institutions in 2Q

    Allissa Kline
    24 Jul 2014 | 3:34 am
    The parent company of Five Star Bank reported a 2.7 percent increase in net income for the second quarter, in part because loans reached record-high levels by the end of June. Net income at Financial Institutions Inc. was $7.0 million or 48 cents per share by the end of June, an increase from the same quarter in 2013 when net income was $6.9 million or 47 cents per share. Loans totaled $1.9 billion for the three-month period between April 1 and June 30, reflecting a year-over-year improvement of…
  • Apple’s latest smartwatch patent details gesture controls, calls gadget iTime

    Sarah Drake
    24 Jul 2014 | 3:33 am
    Apple Inc. filed a patent application for a wristwatch that allows answering a phone call with the flick of a wrist and the ability connect to other Apple-branded products with a gadget it refers to as iTime in at least one drawing. The device will connect via a “personal wireless environment” with other Apple gadgets like iPhones, iPads, desktop computers and even the watch’s own straps, which have built-in sensors, AppleInsider reports. The documents detail a “smart wristband” that would…
  • Seven things to know about paying student loans

    Greg Edwards
    24 Jul 2014 | 3:33 am
    Did you know you can reduced the interest rate on your (or your kid's) student loan by 0.25 percent just by signing up for automatic monthly debit? Or that small towns in some areas offer up to $3,000 a year to help pay back your loans? Other tips from the editors of Kiplinger’s Personal Finance: - You can extend your repayment period on your federal loans if you owe $30,000 or more. - You can make smaller payments for federal loans and have debt forgiven if you don’t earn much. - Dropping…
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    Education News - Education News Headlines | Bizjournals.com

  • Seven things to know about paying student loans

    Greg Edwards
    24 Jul 2014 | 3:33 am
    Did you know you can reduced the interest rate on your (or your kid's) student loan by 0.25 percent just by signing up for automatic monthly debit? Or that small towns in some areas offer up to $3,000 a year to help pay back your loans? Other tips from the editors of Kiplinger’s Personal Finance: - You can extend your repayment period on your federal loans if you owe $30,000 or more. - You can make smaller payments for federal loans and have debt forgiven if you don’t earn much. - Dropping…
  • BOCES superintendent accepts chief of staff job at Excelsior College

    Megan Rogers
    24 Jul 2014 | 3:21 am
    James Baldwin, superintendent of the Questar III BOCES district, will leave his position in September to become vice president and chief of staff at Excelsior College in Albany, New York. Baldwin steps down as district superintendent on September 15. As vice president for Excelsior College, Baldwin will oversee operations in the president's office and help coordinate projects at the college that relate to its five-year strategic plan. Some of those goal include focusing on student retention and…
  • More health care workers have less education, but no so much in Denver

    Ed Sealover
    23 Jul 2014 | 9:02 pm
    Workers with lower levels of education are making up a larger part of the American health-care workforce — but less so in Denver than in any other area of the country, according to a study released late Wednesday. The Metropolitan Policy Program at the Brookings Institution, a Washington D.C.-based research and policy organization, found that the number of workers who hold an associate’s degree or less in 10 specific health-care occupations nationwide has increased by 46 percent since 2000.…
  • UC Davis, Chinese university to create food-safety center

    23 Jul 2014 | 1:55 pm
    The University of California Davis took another step in establishing itself as a leader in food science and research, signing an agreement Wednesday that establishes a Sino-U.S. Joint Research Center for Food Safety in China. The memorandum of agreement will extend over the next five years. It calls for the center's two lead universities — UC Davis and China's Northwest Agricultural and Forestry University in Shaanxi province — to "form a joint research team and research platform, carry out…
  • ​UC cashes in on nonresidents

    Scott Bridges
    23 Jul 2014 | 1:47 pm
    Some people characterize the trend of bringing in out-of-state students as “a fresh perspective,” while others say that Californians are being squeezed out. The controversial issue revolves around the continuous rise in out-of-state and foreign students the University of California campuses admit each fall. What is not in contention is the amount of extra money that nonresidents provide the school system. This year, preliminary data based on students’ statements suggests that more than one-fifth…
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    Energy & the Environment News - Energy News Headlines | Bizjournals.com

  • Walmart expands contract with Plug Power

    Krystle S. Morey
    24 Jul 2014 | 3:26 am
    Five months after scoring its largest order in company history, Plug Power says Walmart is expanding the order. Andy Marsh, president and chief executive officer of Plug Power, says the company will install a hydrogen refueling station in Walmart's Sterling, Illinois distribution center. The Latham, New York fuel cell manufacturer reached an agreement on the largest deal in its history with Walmart in February. The contract commits Plug to build six refueling stations in the next two years. "With…
  • Hawaii's current energy scene now a symphony, official says

    Duane Shimogawa
    23 Jul 2014 | 5:43 pm
    Kyle Datta, founding partner of eBay founder Pierre Omidyar’s Honolulu-based Ulupono Initiative — which is investing big dollars in local food production, renewable energy and systems to reduce waste — likens stakeholders taking part in Hawaii's current energy industry to music. “All of us like music and for a long time, the energy system has been a simple string quartet,” said Kyle Datta, founding partner of Ulupono Initiative, who was one of the speakers at Wednesday’s 6th Annual Hawaii…
  • Governor to use Mexico trip to expand trade, clean technologies

    Allen Young
    23 Jul 2014 | 2:39 pm
    Gov. Jerry Brown detailed plans for an upcoming three-day trip to Mexico City to build trade partnerships and expand on industries that address climate change. For example, the governor said he would like to focus on the exchange of energy between California and Baja California, Mexico. State government can “remove barriers and provide a framework of encouragement to business” for trade of goods and services,” the governor told reporters after making remarks at a Wednesday luncheon hosted…
  • Growing energy company raises $1.5B to fund oil exploration in the Gulf

    Nicholas Sakelaris
    23 Jul 2014 | 2:12 pm
    Venari Resources LLC raised nearly $1.5 billion in private equity funding to finance the Addison-based company’s drilling efforts in the Gulf of Mexico, according to Securities and Exchange Commission filings. The $1.49 billion influx of cash came from 78 individual investors, according to SEC documents. Officials with Venari could not be reached Wednesday. The revenue is not being raised in connection with a merger or acquisition, the filing indicated. Got Energy? Sign up for our Energy…
  • DOT proposes sweeping changes for railroad tankers

    Sam Kusic
    23 Jul 2014 | 1:40 pm
    The U.S. Department of Transportation on Wednesday proposed new rules that would phase out or require retrofits to the older DOT-111 railroad tank cars. The proposed rules also put into place a 40-mph speed limit and make permanent an emergency order requiring trains hauling 1 million gallons of crude oil from the Bakken shale fields to notify the states they’re running through. “Safety is our top priority, which is why I’ve worked aggressively to improve the safe transport of crude oil and…
 
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    Green News - Green News Headlines | Bizjournals.com

  • NHL warns that hockey could be endangered by global warming

    24 Jul 2014 | 3:36 am
    Here's another entity that is threatened by global warming -- hockey. The National Hockey League has issued a warning that the game could be threatened if winters continue to get milder. The Toronto Star says the warning is contained in the league's annual sustainability report, which reviews how the NHL and its member teams are dealing with environmental issues. Included in the report is a letter from Commissioner Gary Bettman. “Our sport can trace its roots to frozen freshwater ponds, to…
  • Hawaii's current energy scene now a symphony, official says

    Duane Shimogawa
    23 Jul 2014 | 5:43 pm
    Kyle Datta, founding partner of eBay founder Pierre Omidyar’s Honolulu-based Ulupono Initiative — which is investing big dollars in local food production, renewable energy and systems to reduce waste — likens stakeholders taking part in Hawaii's current energy industry to music. “All of us like music and for a long time, the energy system has been a simple string quartet,” said Kyle Datta, founding partner of Ulupono Initiative, who was one of the speakers at Wednesday’s 6th Annual Hawaii…
  • Redevelopment of Waikiki Natatorium War Memorial gains traction

    Duane Shimogawa
    23 Jul 2014 | 4:17 pm
    The project to redevelop the Waikiki Natatorium War Memorial, which includes creating a new beach fronted by a replica World War I memorial arch that could cost more than $18 million, is gaining some traction. The City and County of Honolulu recently submitted a 141-page final environmental assessment and environmental impact statement preparation notice done by Aiea-based WCP Inc., to the state. This notice, which triggers a 30-day public comment period, is to let the public know that a full environmental…
  • Park to benefit from north Sacramento housing project

    Ben van der Meer
    23 Jul 2014 | 2:30 pm
    A developer planning a new community in North Sacramento is looking at making a nearby park an attractive amenity for current and future residents. Sally Galli of New Faze Development said the effort to improve Dixieanne Park, at 2415 Evergreen St., began with the company’s interns but is also part of the company’s overall mission. “New Faze has completely made the focus to help communities and not just build communities,” Galli said. “We want to make sure they really integrate with what’s…
  • ​After warning, Houston energy company hangs onto NYSE listing

    Jordan Blum
    23 Jul 2014 | 12:32 pm
    After being warned for noncompliance in April, Houston-based Hyperdynamics Corp. (NYSE: HDY) announced that the New York Stock Exchange has accepted its plan to maintain its NYSE listing. The embattled West Africa-focused oil and gas explorer has built its market cap back up to about $60 million after failing to meet the $50 million global market capitalization threshold. Hydrodynamics will be subject to quarterly reviews by the NYSE’s compliance committee as it progresses with its compliance…
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    Health Care News - Health Care News Headlines | Bizjournals.com

  • CNL Healthcare Properties invests more than $225M in Texas, Illinois properties

    Cindy Barth
    24 Jul 2014 | 3:48 am
    CNL Healthcare Properties, a real estate investment trust, has completed the acquisition of a portfolio of seven senior housing communities in Texas and one in Illinois. The eight properties collectively include 798 units and 72 skilled nursing beds that were acquired from South Bay Partners Ltd., a Dallas-based senior housing development company. In addition, CNL Healthcare Properties formed a joint venture with South Bay Partners to develop a $38.2 million independent living community in Katy,…
  • Insurers returning millions to Floridians for missing Obamacare benchmark

    Salem Solomon
    24 Jul 2014 | 3:39 am
    Health insurers will be refunding nearly $41.7 million to Florida customers due to a provision in the Affordable Care Act. The Medical Loss Ratio rule also known as the 80/20 rule requires that insurers spend at least 80 percent of all premium dollars on patient care and quality improvement, according to a statement by the U.S. Department of Health and Human Services. If insurers spend more than 20 percent on profits and overhead, they must refund the difference to customers. This year, the average…
  • Albany Medical Center making push into Schenectady County

    David Robinson
    24 Jul 2014 | 3:31 am
    Albany Medical Center is making a push into Schenectady County with the acquisition of its first physician practice group based in that community. Digestive Disease Associates of Schenectady has joined the Albany Med Faculty Physicians Group, which is part of the Albany-based hospital system with about 8,000 employees total. Ferdinand Venditti, who oversees the physician group for Albany Medical Center, told the Albany Business Review about the push into Schenectady County during an interview in…
  • North Carolinians to receive $8.5M in Obamacare refunds

    Jennifer Thomas
    24 Jul 2014 | 3:30 am
    More than 182,500 North Carolinians will receive a total of nearly $8.5 million in refunds tied to Obamacare. That breaks down to an average of $77 per family. The refunds are mandated by a provision in the Affordable Care Act known as the Medical Loss Ratio. It requires health insurers to spend at least 80 percent of their receipts from health-insurance premiums on patient care and quality improvement. Put another way, the share of premium dollars going to insurers' administrative expenses and…
  • More than half of Tampa Bay health care workers lack bachelor's degree

    Jo-Lynn Brown
    24 Jul 2014 | 3:30 am
    In the three metro areas in Tampa Bay, more than half of the health care workforce has an associate's degree or less, according to a new report by the Brookings Metropolitan Policy Program. The Lakeland-Winter Haven area had the largest percentage, 59 percent, of health care workers with an associate's degree or less. North Port-Bradenton-Sarasota had 54 percent and Tampa-St. Petersburg-Clearwater had 53 percent. The report, the first metro-level analysis of health care workforce education, found…
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    Human Resources News - Human Resources News Headlines | Bizjournals.com

  • Xerox ranks as biggest employer among Rochester's public companies

    24 Jul 2014 | 3:45 am
    Employment figures were released yesterday for the biggest privately held companies in the Rochester area, led by Wegmans Food Markets Inc. Now it's the turn for the region's public companies. The Rochester Business Journal is reporting this morning that Xerox Corp. heads the list. It employs 6,700 people in the six-county Rochester region. Second is Paychex Inc., which has 3,900 local workers. And third place goes to the company that had been the biggest for decades, Eastman Kodak Co., which…
  • NASCAR's Kahne takes drive around GM Tonawanda

    David Bertola
    24 Jul 2014 | 3:43 am
    NASCAR driver Kasey Kahne was in town Wednesday to tour the General Motors Co. Tonawanda Engine Plant’s GEN 5 engine line. He also was on hand as the GM Foundation made $60,000 in donations to area charities. The plant is also the exclusive provider of the standard 6.2 liter LT1 V8 engine for the 2014 Corvette Stingray. Kahne, who drives a Chevrolet on the NASCAR circuit, talked about his foundation, his preparation for this week’s race in Indianapolis and promoted the Cheez-It 355, to be held…
  • More than half of Tampa Bay health care workers lack bachelor's degree

    Jo-Lynn Brown
    24 Jul 2014 | 3:30 am
    In the three metro areas in Tampa Bay, more than half of the health care workforce has an associate's degree or less, according to a new report by the Brookings Metropolitan Policy Program. The Lakeland-Winter Haven area had the largest percentage, 59 percent, of health care workers with an associate's degree or less. North Port-Bradenton-Sarasota had 54 percent and Tampa-St. Petersburg-Clearwater had 53 percent. The report, the first metro-level analysis of health care workforce education, found…
  • Why LinkedIn could be the next online dating site

    Rebecca Troyer
    24 Jul 2014 | 3:25 am
    Could LinkedIn be the place to find true love? At least one blogger at Inc. seems to think so. Citing LinkedIn's 300 million-user network, the important information contained in individual profiles and the ability through LinkedUp to filter by age, industry and location, the Inc. piece suggests that trust plays a role: "Having even a remote connection between two users increases credibility and helps users feel safe meeting one another in the real world." Then again, there's always the water cooler.
  • Perry Kaufman takes reins at Travis Wolff

    Bill Hethcock
    24 Jul 2014 | 3:24 am
    TravisWolff accounting and advisory firm has named Perry Kaufman as its managing partner and is making other organizational changes as the firm entrenches its position serving mid-market clients. Kaufman wants to continue the firm's growth by focusing on the middle market, he told me in an interview. The middle market — firms with $50 million to $150 million in revenue — is growing dramatically in Dallas-Fort Worth, he said. “Our whole firm is truly focused on the advice and counsel that…
 
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    Insurance News - Insurance News Headlines | Bizjournals.com

  • North Carolinians to receive $8.5M in Obamacare refunds

    Jennifer Thomas
    24 Jul 2014 | 3:30 am
    More than 182,500 North Carolinians will receive a total of nearly $8.5 million in refunds tied to Obamacare. That breaks down to an average of $77 per family. The refunds are mandated by a provision in the Affordable Care Act known as the Medical Loss Ratio. It requires health insurers to spend at least 80 percent of their receipts from health-insurance premiums on patient care and quality improvement. Put another way, the share of premium dollars going to insurers' administrative expenses and…
  • Insurers refunding millions of dollars in premiums to Coloradans

    Ed Sealover
    23 Jul 2014 | 9:01 pm
    Colorado consumers will receive nearly $3 million in refunds from insurance companies that did not spend enough money on patient care last year. The U.S. Department of Health and Human Services announced Wednesday that nine companies must cut checks to 52,277 customers for a cumulative total of $2,721,701 for violating the medical loss ratio rule established in the federal Patient Protection and Affordable Care Act. The rule requires insurers to spend at least 80 percent of premium dollars on…
  • Allstate Insurance Co. to add new agencies, sales agents in Hawaii, Northwest

    Jason Ubay
    23 Jul 2014 | 5:52 pm
    Allstate Insurance Co. said Wednesday that it is hiring 166 new agents for its Northwest region, which includes Hawaii. Allstate said it will hire 51 new agency owners, 13 financial specialists and 102 licensed sales professionals in Hawaii, Alaska, Idaho, Oregon and Washington this year. Candidates for Allstate agency ownership need a minimum of $50,000 of liquid capital to invest in their agency, which covers the expected operating costs. The time between initial interest and opening the agency…
  • Obamacare ruling could affect employer mandate, local broker says

    Kathy Robertson
    23 Jul 2014 | 2:49 pm
    A federal court decision Tuesday that throws into question government subsidies provided through the federal insurance exchange doesn’t affect California directly, but it could have an impact on Affordable Care Act funding through employer fines, a local insurance broker says. If the subsidy no longer exists, the trigger for fines on employers whose workers qualify for those subsidies is gutted, said Carolyn Lewis, a spokeswoman for the Sacramento Association of Health Underwriters. The employer…
  • Study: Obamacare enabled 10.3 million uninsured Americans to get coverage

    Kent Hoover
    23 Jul 2014 | 1:59 pm
    You may not like Obamacare, but 10.3 million previously uninsured adults gained coverage during the Affordable Care Act’s first open enrollment period. That’s according to a new study published in the New England Journal of Medicine, which found the uninsured rate for working-age adults fell from 21 percent in September 2013 to 16.3 percent in April 2014. The biggest gains in coverage were for Latinos, blacks and adults ages 18-34. Most of the people who gained coverage were either low-income…
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    Legal Services News - Legal Services News Headlines | Bizjournals.com

  • Couple behind $10M Cyclorama gift no Civil War buffs, but wanted to thank city

    24 Jul 2014 | 2:00 am
    The couple pitching in $10 million for restoration of Atlanta's historic Cyclorama painting and its relocation from Grant Park to a custom-built facility at Atlanta History Center in Buckhead are not Civil War buffs, but wanted to give something back to Atlanta, reports SaportaReport.com. “We - Mary Ann and I - have lived in Atlanta for all of our married lives - 52 years,” Lloyd Whitaker said. "The city has been very good to us, and we thought that this was a good way for us to give something…
  • Insurers refunding millions of dollars in premiums to Coloradans

    Ed Sealover
    23 Jul 2014 | 9:01 pm
    Colorado consumers will receive nearly $3 million in refunds from insurance companies that did not spend enough money on patient care last year. The U.S. Department of Health and Human Services announced Wednesday that nine companies must cut checks to 52,277 customers for a cumulative total of $2,721,701 for violating the medical loss ratio rule established in the federal Patient Protection and Affordable Care Act. The rule requires insurers to spend at least 80 percent of premium dollars on…
  • List Leaders: The Twin Cities' biggest intellectual property law firms (Photos)

    Jim Hammerand
    23 Jul 2014 | 3:21 pm
    There's a new shop atop the Business Journal's annual ranking of the largest intellectual property law firms in the Twin Cities Schwegman Lundberg & Woessner and Faegre Baker Daniels moved up on the list's Top 5, while Merchant & Gould, Robins, Kaplan, Miller & Ciresi and Fredrikson & Byron lost ground. (All are headquartered in Minneapolis.) Subscribers can see the full list, which includes the law firm's top practices, how much of their work is in IP, how many patents they filed in 2013 and…
  • Appellate court will decide on Cincinnati blogger’s right to vote

    Chris Wetterich
    23 Jul 2014 | 2:18 pm
    A three-judge panel on the Hamilton County Court of Appeals is expected to decide soon whether Randy Simes, the co-owner of UrbanCincy.com, has the right to vote in Cincinnati while he lives in Korea working for Parsons Brinckerhoff, a planning and engineering firm. Lawyer Curt Hartman, who often represents the Coalition Opposed to Additional Spending and Taxes, and Don Mooney, Simes’ attorney, appeared before appellate judges Pat DeWine, Pat Fischer and Lee Hildebrandt on Monday to argue the…
  • New SEC regs require institutional investors to float NAVs

    Patty Tascarella
    23 Jul 2014 | 1:49 pm
    The U.S. Securities and Exchange Commission on Wednesday adopted new regulations requiring money market funds held by large institutions to float their net asset value instead of maintaining a stable $1 per share. The aim is to make the funds less vulnerable to runs during times of financial stress, such as the 2008 economic downturn, which could harm investors. Treasury, government and retail investors are not impacted by the new rules. Several years in the making, the regulations were bitterly…
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    Logistics & Transportation News - Logistics & Transportation News Headlines | Bizjournals.com

  • PTI drops to 82nd in index for airports with cheapest flights

    24 Jul 2014 | 3:50 am
    Piedmont Triad International Airport was ranked 82nd for affordability among the 101 most popular airports around the country according to a survey conducted by CheapFlights.com last month, a big drop in its standing from last year. The Greensboro airport ranked 82nd this year with an average airfare of $459. It was in No. 14 last year. CheapFlights.com created the index, using average ticket prices from June, and shows how the rankings fluctuate from year to year by listing previous rankings. Other…
  • Matson's molasses shipping agreement with Alexander and Baldwin still in flux

    Bill Cresenzo
    23 Jul 2014 | 4:24 pm
    For more than 40 years, shipping company Matson Inc. was wholly owned by Alexander & Baldwin until the parent spun Matson off as a separate, publicly-traded company in 2012. The relationship between the two continued in several agreements, and A&B (NYSE: ALEX) used Matson (NYSE: MATX) to ship its molasses from another of its companies, Hawaiian Commercial and Sugar Co. on Maui, to the Mainland via its Sand Island operation at Honolulu Harbor. But 10 months after the 1,400-ton molasses spill into…
  • Like the streetcar, $8M Crossroads apartment project ready to roll

    Rob Roberts
    23 Jul 2014 | 2:17 pm
    A project that serves as a poster child for the economic development potential of Kansas City's new streetcar system was advanced by a city council committee on Wednesday. The Planning, Zoning & Economic Development Committee voted unanimously to recommend that the full council approve rezoning and an urban development plan for a five-story apartment-over-retail project at 1914 Main St. in the Crossroads Arts District. Approval of the urban development plan by the council, which is scheduled to…
  • Where's the gridlock in metro KC? Tips to get around it

    Elise Reuter
    23 Jul 2014 | 12:50 pm
    With construction season in full swing, Kansas Citians are subject to the daily woes of traffic jams, parking problems and a maze of closed downtown streets. Even taxi drivers admitted to avoiding the section of streets between Oak and Broadway Downtown during rush hour. To combat the traffic, drivers from Yellow Cab and Regal Limos suggested alternate routes that will skip the gridlock: The problem: Main Street is closed from Pershing Road to 20th Street, while traffic on Broadway is often tied…
  • Exclusive: $100M Lenexa Logistics Centre off to an Amazon start

    Rob Roberts
    23 Jul 2014 | 12:25 pm
    Amazon, the nation's dominant U.S. online retailer, is helping a new Lenexa industrial park get off to a roaring start. Local real estate sources have confirmed that Amazon.com Inc. has signed a lease to occupy all 260,700 square feet of the speculative building that kicked off vertical construction last fall at Lenexa Logistics Centre near 113th Street and Renner Boulevard. The Block Real Estate Services LLC partnership developing the 120-acre park now is seeking issuance of a building permit…
 
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    Manufacturing News - Manufacturing News Headlines | Bizjournals.com

  • NASCAR's Kahne takes drive around GM Tonawanda

    David Bertola
    24 Jul 2014 | 3:43 am
    NASCAR driver Kasey Kahne was in town Wednesday to tour the General Motors Co. Tonawanda Engine Plant’s GEN 5 engine line. He also was on hand as the GM Foundation made $60,000 in donations to area charities. The plant is also the exclusive provider of the standard 6.2 liter LT1 V8 engine for the 2014 Corvette Stingray. Kahne, who drives a Chevrolet on the NASCAR circuit, talked about his foundation, his preparation for this week’s race in Indianapolis and promoted the Cheez-It 355, to be held…
  • Walmart expands contract with Plug Power

    Krystle S. Morey
    24 Jul 2014 | 3:26 am
    Five months after scoring its largest order in company history, Plug Power says Walmart is expanding the order. Andy Marsh, president and chief executive officer of Plug Power, says the company will install a hydrogen refueling station in Walmart's Sterling, Illinois distribution center. The Latham, New York fuel cell manufacturer reached an agreement on the largest deal in its history with Walmart in February. The contract commits Plug to build six refueling stations in the next two years. "With…
  • N.C. beats S.C. for Sealed Air headquarters

    Amanda Jones Hoyle
    24 Jul 2014 | 3:15 am
    The announcement that Sealed Air Corp. has chosen North Carolina over South Carolina for its new headquarters operations is as much a psychological win for the state as it is an economic win. In June, the state and the Charlotte business community suffered several heavy blows when S.C. Gov. Nikki Haley welcomed four companies with as many as 8,800 new jobs to her state, lured away from operations and office options in the Charlotte region. New Jersey-based Sealed Air (NYSE: SEE) had also been considering…
  • Hawaii on the Hill ends with Taste of Hawaii Event

    Braelyn Wood
    23 Jul 2014 | 5:57 pm
    Hawaii on the Hill, which showcased 48 local organizations' products, services and missions to congressional members and staff in Washington, D.C., concluded Wednesday night with a "Taste of Hawaii" exhibition, an invitation-only "open house" event at the Russell Senate Office Building. The Hawaii participants ranged from companies such as Tiki Shark Art based on the Big Island and Haute Confectionary Boutique based on Oahu, to associations such as the Hawaii Food Manufacturers Association. The…
  • AngioDynamics reports $1.1 million in quarterly net loss

    David Robinson
    23 Jul 2014 | 4:13 pm
    AngioDynamics in Latham, New York reported a loss of $1.1 million, or 3 cents a share, in the fourth quarter of fiscal year 2014, which ended May 31. That was up from a net loss of 900,000, or 2 cents a share, reported for the year-ago period. For the full fiscal year 2014, the homegrown public company reported net income of $3.1 million, or 9 cents per share. That's compared to a loss of $600,000, or 2 cents per share, in 2013. The overall fiscal year gains reflect the company's turnaround since…
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    Media & Marketing News - Media & Marketing News Headlines | Bizjournals.com

  • Q2 movie ticket prices down from last year's record high

    Annlee Ellingson
    24 Jul 2014 | 3:33 am
    The average movie ticket cost $8.33 during the second quarter, the National Association of Theatre Owners reported this week. That’s up 4.6 percent from the first quarter of the year, when the price of admission was $7.96. But it’s down a smidge from the second quarter of 2013, when ticket prices hit an all-time high of $8.38. Blame Captain America. “The Winter Soldier,” which grossed $257.3 million during the quarter, played in 3-D, IMAX and other premium large-format screens that collect…
  • Why LinkedIn could be the next online dating site

    Rebecca Troyer
    24 Jul 2014 | 3:25 am
    Could LinkedIn be the place to find true love? At least one blogger at Inc. seems to think so. Citing LinkedIn's 300 million-user network, the important information contained in individual profiles and the ability through LinkedUp to filter by age, industry and location, the Inc. piece suggests that trust plays a role: "Having even a remote connection between two users increases credibility and helps users feel safe meeting one another in the real world." Then again, there's always the water cooler.
  • At least two 'Shark Tank' contestants called back

    Denise Lockwood
    24 Jul 2014 | 3:00 am
    A few of the hundreds of people who showed up for an open casting call for ABC’s television show "Shark Tank" have already received a call back to go to the next level, which means the show could have some representation from Wisconsin. This was the first time "Shark Tank" has done a casting call in Milwaukee. U.S. Cellular pitched the idea to come to Milwaukee because these were markets the show had not been to before. Teen-age entrepreneurs Stephanie Jahr, 19, Elizabeth Jahr, 17, and Annika…
  • Political blog: Polling was wrong in Perdue, Kingston race, but don’t blame turnout

    Carla Caldwell
    24 Jul 2014 | 2:57 am
    To say that public polls missed the mark in Georgia’s Republican Senate runoff election pitting U.S Rep. Jack Kingston and businessman David Perdue would be an understatement, writes Harry Enten, the senior political writer and analyst for FiveThirtyEight.com. Enten says the four public surveys conducted in July had Kingston leading Perdue by an average of 5 percentage points. Historically, such polls have held up in Republican primaries in Georgia, he adds. On Tuesday, Perdue won by 2 percentage…
  • The Late Show is staying in New York

    Ben Fischer
    24 Jul 2014 | 2:35 am
    Most media industry wags believed New York City always had the inside track to keep The Late Show even after Stephen Colbert takes over for David Letterman next year, but politicians were not inclined to take any chances. On Wednesday, CBS Corp. and Gov. Andrew Cuomo announced the show will continue to tape from the iconic Ed Sullivan Theater on Broadway, a decision made easier for CBS and Colbert by $16 million in pubic-sector incentives. As part of the deal, CBS has pledged to employ at least…
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    Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com

  • CNL Healthcare Properties invests more than $225M in Texas, Illinois properties

    Cindy Barth
    24 Jul 2014 | 3:48 am
    CNL Healthcare Properties, a real estate investment trust, has completed the acquisition of a portfolio of seven senior housing communities in Texas and one in Illinois. The eight properties collectively include 798 units and 72 skilled nursing beds that were acquired from South Bay Partners Ltd., a Dallas-based senior housing development company. In addition, CNL Healthcare Properties formed a joint venture with South Bay Partners to develop a $38.2 million independent living community in Katy,…
  • Level 2 Development buys development site near Union Market

    Daniel J. Sernovitz
    24 Jul 2014 | 3:40 am
    Level 2 Development, part of the team working with Edens to remake part of the 45-acre Union Market in Northeast D.C., is spreading out with plans to redevelop another site nearby. An affiliate of Level 2, 320 Florida Owner LLC, bought the Burger King site at 320 Florida Ave. NE July 22 for about $8.8 million. It picked up the property from Lionstone Investments, a Texas-based real estate investment trust that had owned it since 2006. L2 Principal David Franco confirmed the deal but said it is…
  • Work on Boeing new $8 million aircraft service contract will be done in Jacksonville

    Jensen Werley
    24 Jul 2014 | 3:30 am
    Boeing in Jacksonville was awarded a nearly $8 million contract — ending a nearly month-long drought of military contracts for the area. The contract is for service and remanufacturing of a F/A18 A-F aircraft. More than half of the construction work will be done in St. Louis, Missouri; the remainder will be done in Jacksonville. The Naval Air Systems Command in Patuxent, Maryland is the contracting activity. The project is expected to be completed in July of next year.
  • Duke sells former 'lacrosse house' site for $100K

    Rebecca Troyer
    24 Jul 2014 | 3:15 am
    Duke University has sold the site of the former "lacrosse house" on North Buchanan Boulevard in Durham for $100,000, according to property records. Building permits have been filed for a new two-story, four- or five-bedroom residence, reports the Herald-Sun. The purchaser is listed as University City LLC. The former "lacrosse house," which was demolished in 2010, was the site of a party hosted by tenants who were captains on Duke's 2005-06 men's lacrosse team. Rape charges that later turned out…
  • San Francisco landlords sue to stop ‘oppressive’ renter relocation payments

    Eric Young
    24 Jul 2014 | 12:01 am
    San Francisco property owners are fighting back against a new ordinance requiring them to make payments that can reach into the hundreds of thousands of dollars when they displace tenants. The San Francisco Apartment Association and Coalition for Better Housing said they will file a federal lawsuit today seeking to halt a city law, sponsored by Supervisor David Campos, that passed last April. Campos’ relocation payment law calls for property owners to pay renters evicted under the state Ellis…
 
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    Retailing & Restaurants News - Retailing & Restaurants News Headlines | Bizjournals.com

  • Man pulls same scam on Apple 42 times, nets $310K, now faces prison

    24 Jul 2014 | 3:53 am
    A Tampa man is accused of scamming nearly $310,000 from Apple. Sharron Laverne Parrish Jr., 24, is accused in a Secret Service criminal complaint of wire fraud in 16 states to rack up the total, the Tampa Bay Times said. According to the complaint, Parrish first bought items worth $7,753 at an Apple store. When his card was declined he made a fake call to his bank and gave the store clerk a made up authorization code that supposedly overrode the decline. It worked and Parrish is accused of doing…
  • Level 2 Development buys development site near Union Market

    Daniel J. Sernovitz
    24 Jul 2014 | 3:40 am
    Level 2 Development, part of the team working with Edens to remake part of the 45-acre Union Market in Northeast D.C., is spreading out with plans to redevelop another site nearby. An affiliate of Level 2, 320 Florida Owner LLC, bought the Burger King site at 320 Florida Ave. NE July 22 for about $8.8 million. It picked up the property from Lionstone Investments, a Texas-based real estate investment trust that had owned it since 2006. L2 Principal David Franco confirmed the deal but said it is…
  • Pepsico CEO Indra Nooyi is standing tall after latest earnings report

    Mary Johnson
    23 Jul 2014 | 6:07 pm
    Things are looking good for Indra Nooyi after Pepsico’s earnings call this morning. Nooyi, who has been embroiled in a dispute with investor Nelson Peltz over whether to split the company’s beverage and snack businesses into two separate entities, reported better-than-projected profit Wednesday and raised its full-year growth target in light of the good news. “Our results reflect the power of our portfolio of products and brands and the strength of our geographic footprint,” Nooyi said…
  • Hawaii on the Hill ends with Taste of Hawaii Event

    Braelyn Wood
    23 Jul 2014 | 5:57 pm
    Hawaii on the Hill, which showcased 48 local organizations' products, services and missions to congressional members and staff in Washington, D.C., concluded Wednesday night with a "Taste of Hawaii" exhibition, an invitation-only "open house" event at the Russell Senate Office Building. The Hawaii participants ranged from companies such as Tiki Shark Art based on the Big Island and Haute Confectionary Boutique based on Oahu, to associations such as the Hawaii Food Manufacturers Association. The…
  • Employers compete for applicants at Retail Merchants of Hawaii job fair

    Bill Cresenzo
    23 Jul 2014 | 5:31 pm
    Retail Merchants of Hawaii held its first job fair Wednesday at Ward Warehouse in Honolulu for retailers who have had difficulty finding the right people, and the number of job-seekers was outnumbered by more than three-to-one by the positions that were available as 50 retailers sought to fill 1,000 jobs. Sheri Sakamoto, president of Retail Merchants Hawaii, and others say that the biggest problem retailers are facing right in this economy is finding the right people to hire. As of 1 p.m. on Wednesday,…
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    Sports Business News - Sports Business News Headlines | Bizjournals.com

  • NHL warns that hockey could be endangered by global warming

    24 Jul 2014 | 3:36 am
    Here's another entity that is threatened by global warming -- hockey. The National Hockey League has issued a warning that the game could be threatened if winters continue to get milder. The Toronto Star says the warning is contained in the league's annual sustainability report, which reviews how the NHL and its member teams are dealing with environmental issues. Included in the report is a letter from Commissioner Gary Bettman. “Our sport can trace its roots to frozen freshwater ponds, to…
  • Waukesha County execs hit the links: Slideshow

    Scott Paulus
    24 Jul 2014 | 3:00 am
    More than 300 Waukesha County business executives hit the links Wednesday for the Waukesha County Business Alliance annual golf outing. Check out our slideshow to see photos from the event. The sold-out event, which was held at the Ironwood Golf Course in Sussex, is one of the biggest golfing and networking events in Waukesha County each year. Business executives in attendance at the golf outing included Michael Delzer of Delzer Lithograph Co., Scott Satula of MLG Commercial, Chris Mehring and…
  • KCK scores national soccer training complex

    Brian Kaberline
    23 Jul 2014 | 4:35 pm
    A team of government and private players announced the development of a U.S. Soccer National Training Center in Kansas City, Kan., on Wednesday. The $75 million-plus complex will be built at the southeast corner of 98th Street and Parallel Parkway. It will house a National Training and Coaching Development Center, facilities for athlete training and performance analysis and youth soccer development programs, according to a release. Kansas Gov. Sam Brownback said at the project’s announcement…
  • Friday's restaurant to reopen at Miller Park with limited service during games

    23 Jul 2014 | 3:14 pm
    TGI Friday’s Front Row Sports Grill will reopen Thursday at Miller Park, but it will only be open for limited service during home games after it was damaged by a fire. The bar inside of the restaurant and the Friday’s Beer Garden will be open to ticket holders from the time gates open until the end of home games, according to a news release from the Milwaukee Brewers. Service will be limited to beverages only for most customers. Limited food service will be available to fans with tickets to…
  • ​Rene Kesterson

    23 Jul 2014 | 2:53 pm
    Rene Kesterson Manager, community relations/race director, Papa John’s 10 Miler, Papa John’s International Inc. Years in current job: 16 Years in the industry: 16 Education: Associate’s degree in paralegal studies, Sullivan University Favorite way to unwind: Trips to the beach, exercise, cooking and shopping Favorite movie or TV show: “Forrest Gump,” “Lion King,” “Big Bang Theory” Favorite restaurant in another city: Carnegie Deli, New York City Type of music she listens…
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    Technology News - Technology News Headlines | Bizjournals.com

  • Want to check in on Foursquare? Now you have to download Swarm

    Ben Fischer
    24 Jul 2014 | 3:53 am
    Happy Hour on Thursday is going to feel a lot different for hard-core mobile app lovers: For the first time since March 2009, you won't be able to check in on Foursquare. Foursquare Labs Inc. said Wednesday it's moving all "check-ins" to its newly unbundled, poorly reviewed app called Swarm starting tomorrow. The Foursquare app will either open Swarm automatically when you try to check in, or prompt you to download the new app if you don't have it yet. It's the first mandatory, so to speak, phase…
  • Visit Florida highlighted as part of Google's $6.5B economic activity in Florida

    Margie Manning
    24 Jul 2014 | 3:51 am
    Google helped provide $6.5 billion of economic activity for Florida businesses in 2013. A chunk of that helped out the hospitality companies that work with Visit Florida, according to Will Seccombe, president and CEO of the statewide tourism group, which is highlighted in Google’s newly released economic impact report. Visit Florida has gone from spending less than 5 percent of its media budget on digital to 26 percent last year, Seccombe said in the report. In five years, Visit Florida has grown…
  • Sprint, Google partner to offer biz apps

    Bobby Burch
    24 Jul 2014 | 3:50 am
    Sprint Corp. is teaming up with one of the biggest name in technology: Google Inc. Starting Aug. 18, Sprint will begin selling Google Apps for business in a move the company hopes will add value for business clients and retain more customers. The cloud-based apps include Google's communication, storage, collaboration and management tools, which pair well with Sprint's mobile aptitudes, said Michael Fitz, vice president of Sprint's business solutions. "First and foremost, it allows us to go to our…
  • Sarasota’s Grain Management waiver from FCC raises eyebrows

    24 Jul 2014 | 3:50 am
    A Sarasota man who was a major campaign donor to President Barack Obama is facing tough questions after he received what some are calling preferential treatment by the Federal Communications Commission. David Grain, through his private equity firm Grain Management LLC, was granted a waiver from the FCC that may allow him to bid on airwaves auctions, Bloomberg News said. Grain Management might not have otherwise qualified for benefits set aside for small businesses because it leases airwaves to…
  • Xerox ranks as biggest employer among Rochester's public companies

    24 Jul 2014 | 3:45 am
    Employment figures were released yesterday for the biggest privately held companies in the Rochester area, led by Wegmans Food Markets Inc. Now it's the turn for the region's public companies. The Rochester Business Journal is reporting this morning that Xerox Corp. heads the list. It employs 6,700 people in the six-county Rochester region. Second is Paychex Inc., which has 3,900 local workers. And third place goes to the company that had been the biggest for decades, Eastman Kodak Co., which…
 
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    Travel Business News - Travel Business News Headlines | Bizjournals.com

  • PTI drops to 82nd in index for airports with cheapest flights

    24 Jul 2014 | 3:50 am
    Piedmont Triad International Airport was ranked 82nd for affordability among the 101 most popular airports around the country according to a survey conducted by CheapFlights.com last month, a big drop in its standing from last year. The Greensboro airport ranked 82nd this year with an average airfare of $459. It was in No. 14 last year. CheapFlights.com created the index, using average ticket prices from June, and shows how the rankings fluctuate from year to year by listing previous rankings. Other…
  • ​Nancy A. Stephen

    23 Jul 2014 | 3:07 pm
    Nancy A. Stephen Director of communications and tourism development, Louisville Stoneware Co. Years in current job: Less than 1 Years in the industry: 15 Education: Bachelor’s degree in communications, University of Dayton Professional certifications: Graduate of Focus Louisville, Ignite Louisville, Woodford Reserve Bourbon Academy and Filson Historical Society Bourbon Academy Favorite way to unwind:“Sometimes I enjoy a yoga class to work out my stress, and other times I enjoy a handcrafted…
  • ​Jeffrey W. Crowe

    23 Jul 2014 | 2:34 pm
    Jeffrey W. Crowe General manager, Evan Williams Bourbon Experience Years in current job: Less than 1 Years in the industry: 15 Education: Bachelor’s degree in business administration, Eastern Kentucky University Professional certifications: Tourism Marketing Professional, Certified Kentucky Main Street Manager Favorite way to unwind: Jogging Favorite movie or TV show: Classic reruns, such as “The Andy Griffith Show,” “Golden Girls” and “Sanford and Son” Favorite restaurant in…
  • ​Mark W. Barnes

    23 Jul 2014 | 2:19 pm
    Mark W. Barnes Director of Northeast sales, Louisville Convention and Visitors Bureau Years in current job:7 Years in the industry: 30 Education: Studied business and hotel management at Berea College Favorite way to unwind: Running, golf, working on his Highlands “money pit” home Favorite movie or TV show:“Forrest Gump,” “It’s a Wonderful Life” Favorite restaurant in another city: Talbott Tavern, Bardstown, Ky., where he met his wife Type of music he listens to most: 1970s/1980s.…
  • The NAACP has selected Baltimore for its 2016 annual meeting. But no one is ready to announce it

    Sarah Meehan
    23 Jul 2014 | 2:05 pm
    As the annual convention for the National Association for the Advancement of Colored People drew to a close Wednesday in Las Vegas, news trickled out that the organization was heading to Baltimore for its 2016 conference. But no one seemed prepared to make a formal announcement. Tessa Hill-Aston, the president of Baltimore’s NAACP branch, on Wednesday told the Daily Record that Baltimore was selected to host the conference. Baltimore is home to the NAACP’s headquarters. Mayor Stephanie Rawlings-Blake…
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  • EchoStar exec leaves to launch software startup

    Greg Avery
    23 Jul 2014 | 1:33 pm
    EchoStar’s top technology executive has left the company to start a new business developing software products for corporations that struggle with creating customer-facing apps well or quickly. Mike Marcotte’s last day as EchoStar Corp.’s chief digital officer was July 19. Today, he’s a one-man shop, called Acumen Digital, working out of the Boulder office of Galvanize, a Denver-based technology school with offices and coworking space for startups. "Now I'll be a guy sitting at the end of…
  • Forbes ranks South Florida cities among top spots in U.S. for business, careers

    Emon Reiser
    23 Jul 2014 | 11:31 am
    West Palm Beach was listed above all other South Florida cities on a Forbes ranking of best places for business and careers in the U.S. West Palm Beach ranked No. 54, having also made Forbes lists for one of the best places for education (No. 55), job growth (No. 105) and the cost of doing business (No. 142). Fort Lauderdale came in nearly 50 places after at No. 102. The city was listed No. 87 in Forbes' education list, No. 125 on the job growth list and No. 143 on the list ranking cities' costs…
  • SurePayroll: Small-business hiring continues downward trend this month

    Tim Gallen
    23 Jul 2014 | 11:25 am
    Hiring at Phoenix’s smallest firms continued a downward trend last month that stretches back to April. For the fourth consecutive month, hiring at Phoenix small businesses decreased in July, according to the latest SurePayroll Small Business Scorecard. In July, hiring at Phoenix’s small businesses has dipped 0.4 percent. The Small Business Scorecard provides a monthly snapshot of hiring and paycheck trends at small businesses. Data is compiled from companies with one to 10 employees. The Phoenix…
  • UMKC enterprise center nabs funds for KC entrepreneurs

    Bobby Burch
    23 Jul 2014 | 11:10 am
    The University of Missouri-Kansas City's Free Enterprise Center snagged private funds to bolster technology for students and entrepreneurs. JPMorgan Chase & Co. announced Tuesday that UMKC's center landed a $50,000 grant for tech equipment, including 3D printers to help it develop new products. The center, now in its planning phases, is among a handful of small business "clusters" that received part of a $30 million pie. "We showed them the concept of the free enterprise center, and they were excited…
  • Austin near top in Forbes' ranking of best U.S. cities for future job growth

    Kritika Kulshrestha
    23 Jul 2014 | 10:31 am
    Austin is ranked No. 2 in Forbes.com's listing of the best U.S. cities for future job growth over the next three years and is one of five Texas cities to make the cut. Timely Austin tech news in your inbox, every weekday. Subscribe to TechFlash here. With projected annual job growth of 4.1 percent and the unemployment rate at 4.1 percent, Austin is proving to be an attractive option for several companies that want to take advantage of the strong local workforce. The Lone Star capital boasts the…
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    Albany Business News - Local Albany News | Business Review of Albany

  • Albany Medical Center making push into Schenectady County

    David Robinson
    24 Jul 2014 | 3:31 am
    Albany Medical Center is making a push into Schenectady County with the acquisition of its first physician practice group based in that community. Digestive Disease Associates of Schenectady has joined the Albany Med Faculty Physicians Group, which is part of the Albany-based hospital system with about 8,000 employees total. Ferdinand Venditti, who oversees the physician group for Albany Medical Center, told the Albany Business Review about the push into Schenectady County during an interview in…
  • Walmart expands contract with Plug Power

    Krystle S. Morey
    24 Jul 2014 | 3:26 am
    Five months after scoring its largest order in company history, Plug Power says Walmart is expanding the order. Andy Marsh, president and chief executive officer of Plug Power, says the company will install a hydrogen refueling station in Walmart's Sterling, Illinois distribution center. The Latham, New York fuel cell manufacturer reached an agreement on the largest deal in its history with Walmart in February. The contract commits Plug to build six refueling stations in the next two years. "With…
  • BOCES superintendent accepts chief of staff job at Excelsior College

    Megan Rogers
    24 Jul 2014 | 3:21 am
    James Baldwin, superintendent of the Questar III BOCES district, will leave his position in September to become vice president and chief of staff at Excelsior College in Albany, New York. Baldwin steps down as district superintendent on September 15. As vice president for Excelsior College, Baldwin will oversee operations in the president's office and help coordinate projects at the college that relate to its five-year strategic plan. Some of those goal include focusing on student retention and…
  • Meet some of the recruits at the GlobalFoundries plant in Malta, New York (Video)

    Keshia Clukey
    24 Jul 2014 | 3:05 am
    GlobalFoundries is halfway to its massive recruiting goal for the Saratoga County, New York plant, as it pushes to compete with the world's largest chip maker. The company, headquartered in Silicon Valley, California, operates plants in New York, Germany and Singapore. The company already has hired about 400 employees this year, bringing its payroll in Malta, New York to more than 2,400. GlobalFoundries began building the Malta factory in 2009. The computer chip maker is expected to have close…
  • Airbnb might finance retirement, Bank of America's Merrill Lynch tells clients

    Mark Calvey
    24 Jul 2014 | 2:46 am
    Retired boomers might be hosting house guests to make ends meet in retirement. At least that's a prediction from Ken Dychtwald, an expert on aging who spoke to a Merrill Lynch client gathering in San Francisco this week. Dychtwald says just two years ago he would have predicted that boomers would turn to reverse mortgages to tap the substantial equity locked in their homes. But Bank of America, (NYSE: BAC) Wells Fargo (NSYE: WFC) and other major players have exited the reverse-mortgage business,…
 
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    Albuquerque Business News - Local Albuquerque News | Albuquerque Business First

  • Udall meets with displaced workers in Questa

    Dan Mayfield
    23 Jul 2014 | 1:50 pm
    Sen. Tom Udall, D-NM, on Wednesday said that he is working to help those displaced after the closure of the molybdenum mine in Questa. Chevron Mining Inc. announced in early June that the mine, which employs 172, would be closing on Aug. 2. “The mine will close in Questa. We can’t change that. We can’t bring it back. Some folks say it feels like a death. And I’m sure it does - it has been the lifeblood of the community for so many years and for generations of families,” Udall said. Udall…
  • Want to know more about how New Mexico companies are responding to the ACA? Stay tuned

    Rachel Sams
    23 Jul 2014 | 1:43 pm
    For many businesses, the Affordable Care Act has changed the landscape on health coverage for workers. We wanted to find out how the ACA is affecting the decisions business owners are making on health care — one of the biggest costs and issues for nearly every employer. We deployed our newsroom to ask New Mexico businesses how they’re handling health care. Check out our Aug. 1 weekly edition to see what our reporters found. Get a preview here, as Reporter Dennis Domrzalski talked to one businessperson…
  • One business owner’s response to ACA: ‘pissed’

    Dennis Domrzalski
    23 Jul 2014 | 1:30 pm
    Ask Neil Hise if the Affordable Care Act has changed what his mining-equipment manufacturing firm in Belen is doing in the way of providing health insurance for his 28 employees, and his answer is immediate: “Absolutely, and I’m really angry about it.” Hise, who is president of CEMCO, Inc., and his wife, Ty Juana, who is the firm’s CEO, are angry because after more than 40 years of providing health insurance for their employees, they had to stop doing so. The price of health insurance…
  • New Mexico Interactive signs new contract with NM MVD

    Dan Mayfield
    23 Jul 2014 | 12:37 pm
    The New Mexico MVD has signed a long-term contract with New Mexico Interactive to continue its work with the department. The Santa Fe company has been working with the NMMVD since 2009 and has developed several applications and sites for the department. “MVD has partnered with New Mexico Interactive to dramatically improve what the New Mexico motoring public experiences when they enter one of our offices or connect with us online,” said Mark Williams, MVD director in a news release on Wednesday.…
  • AFRL’s Goldstein says new satellite ‘an experiment within experiments’

    Dan Mayfield
    23 Jul 2014 | 12:27 pm
    At 5 p.m., more or less, the Air Force Research Laboratory’s latest satellite, after six years of work, will launch in Florida. But to the AFRL, more important than the launch is what the researchers will learn from the launch and the satellite’s experiments. For Colonel David B. Goldstein, who is the director, Air Force Research Laboratory Space Vehicles Directorate and commander, Phillips Research Site, the satellite itself is an experiment in many ways. Things will go wrong. Not everything…
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    Atlanta Business News - Local Atlanta News | Atlanta Business Chronicle

  • Fox Theatre ranked No. 2 in world for concert ticket sales

    Carla Caldwell
    24 Jul 2014 | 3:45 am
    The Fox Theatre is ranked No. 2 in the world for concert ticket sales, among similar-sized venues, in the Venues Today 2014 “Mid-Year Top Stop” rankings for the second consecutive year for facilities of 2,001-5,000 seating capacity. The Fox Theatre is also ranked No. 3 in Pollstar Magazine’s midyear list of Top 100 Theater Venues for Worldwide Ticket Sales. The Venues Today rankings, released in the July 2014 issue, are based on reported concert and event grosses from October 16, 2013 through…
  • Restored Cyclorama to include large missing section

    Carla Caldwell
    24 Jul 2014 | 3:22 am
    When the Cyclorama is moved to its new home at Atlanta History Center, the world’s largest oil painting will get back a large piece that was trimmed so that it would fit its current home in Grant Park, reports The Civil War Picket. A 6-feet-wide by 50-feet-tall section of the Cyclorama that was cut out will be re-created, says the Civil War blog. Experts also will create a new area of sky lost in the same process, the blog adds. Click here to read about the restoration and to access Cyclorama…
  • Political blog: Polling was wrong in Perdue, Kingston race, but don’t blame turnout

    Carla Caldwell
    24 Jul 2014 | 2:57 am
    To say that public polls missed the mark in Georgia’s Republican Senate runoff election pitting U.S Rep. Jack Kingston and businessman David Perdue would be an understatement, writes Harry Enten, the senior political writer and analyst for FiveThirtyEight.com. Enten says the four public surveys conducted in July had Kingston leading Perdue by an average of 5 percentage points. Historically, such polls have held up in Republican primaries in Georgia, he adds. On Tuesday, Perdue won by 2 percentage…
  • CDC lab director resigns after anthrax incident

    Carla Caldwell
    24 Jul 2014 | 2:27 am
    The head of the lab at Atlanta-based Centers for Disease Control and Prevention that potentially exposed workers to live anthrax has resigned. A CDC spokesman said Michael Farrell, who was head of the CDC lab since 2009, submitted his resignation on Tuesday, reports NBCNews.com Last month, Farrell, who was head of the CDC's Bioterror Rapid Response and Advanced Technology Laboratory, was reassigned as the agency investigated the incident, Reuters reported at the time. Due to the possible exposure,…
  • Couple behind $10M Cyclorama gift no Civil War buffs, but wanted to thank city

    24 Jul 2014 | 2:00 am
    The couple pitching in $10 million for restoration of Atlanta's historic Cyclorama painting and its relocation from Grant Park to a custom-built facility at Atlanta History Center in Buckhead are not Civil War buffs, but wanted to give something back to Atlanta, reports SaportaReport.com. “We - Mary Ann and I - have lived in Atlanta for all of our married lives - 52 years,” Lloyd Whitaker said. "The city has been very good to us, and we thought that this was a good way for us to give something…
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    Austin Business News - Local Austin News | Austin Business Journal

  • ULI panel: All systems go for Austin housing market, but what about affordability?

    Jan Buchholz
    23 Jul 2014 | 4:30 pm
    The short term prognosis for new housing in Austin is all systems go. The long term situation could be greatly tempered, however, by escalating material costs, labor shortages and fewer attractive land options. That was the opinion of three experts at Wednesday’s breakfast presentation sponsored by Austin chapter of the Urban Land Institute. “We’re seeing a tremendous amount of relocations and locals finding equity who want to build new homes,” said April Solimine, vice president of sales…
  • Austin-based Hill+Knowlton CEO to leave company amid global transition

    Greg Barr
    23 Jul 2014 | 3:58 pm
    Andy Weitz, the Austin-based U.S. president and CEO of Hill+Knowlton Strategies, has decided to leave the global firm to spend more time with his family and tackle some entrepreneurial pursuits. The move comes as the international communications consulting firm, headquartered in New York, is unifying its operations across the U.S., Canada and Latin America into an Americas regional unit. Heading up the Americas region will be Mike Coates, formerly chairman and CEO of Hill+Knowlton Canada. Under…
  • Cirrus Logic posts lower Q1 profits

    Christopher Calnan
    23 Jul 2014 | 3:13 pm
    Cirrus Logic Inc. shares moved lower in after-hours trading Wednesday after the company estimated that second-quarter revenue numbers would fall in the lower range of analysts' estimates. The shares dipped $1.52, or more than 6 percent, to $22.45. In its first-quarter results released after the markets closed, the Austin-based company reported adjusted earnings of 37 cents per share, easily beating analysts' estimates of 30 cents. As for the revenue forecast, the company said it would likely hit…
  • First look: A glimpse at Highland Mall's $46M transformation into ACC campus

    Chad Swiatecki
    23 Jul 2014 | 12:55 pm
    The down-on-its-luck Highland Mall is no more. On Wednesday morning, Austin Community College, which purchased the distressed mall property to convert it into a new campus, gave a limited tour of the property and what it looks like near the completion of its $46 million renovation. The photos in the slideshow with this story speak for themselves and illustrate how the formerly drab ‘70s-era building has been transformed with more open natural lighting, sharp architectural design by Barnes Gromatsky…
  • Same-sex marriage could add millions to Texas economy, report says

    Michael Theis
    23 Jul 2014 | 12:47 pm
    Same-sex marriage could be a big boost for Texas' economy, according to a study from The Williams Institute released this week. The Williams Institute, a legal policy think tank based at the University of California, Los Angeles, that focuses on issues relating to sexual orientation and gender identity, using 2010 U.S. Census data, estimates that it would add $181.6 million to the state's economy over the next three years if same-sex marriage is legalized in Texas, including $116 million in the…
 
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    Baltimore Business News - Local Baltimore News | Baltimore Business Journal

  • The NAACP has selected Baltimore for its 2016 annual meeting. But no one is ready to announce it

    Sarah Meehan
    23 Jul 2014 | 2:05 pm
    As the annual convention for the National Association for the Advancement of Colored People drew to a close Wednesday in Las Vegas, news trickled out that the organization was heading to Baltimore for its 2016 conference. But no one seemed prepared to make a formal announcement. Tessa Hill-Aston, the president of Baltimore’s NAACP branch, on Wednesday told the Daily Record that Baltimore was selected to host the conference. Baltimore is home to the NAACP’s headquarters. Mayor Stephanie Rawlings-Blake…
  • Maryland Innovation Initiative invests $6.4M in university-linked projects

    Sarah Gantz
    23 Jul 2014 | 12:04 pm
    Eight startup companies are among 67 recipients of Maryland Innovation Initiative awards in fiscal 2014. The Maryland Innovation Initiative gave a total of $6.4 million to research projects and startups with ties to universities in the state. The innovation initiative is designed to spur commercialization of university research. Maryland Technology Development Corporation, which administers the program, announced the awards Wednesday. Here are the startups that got a Maryland Innovation Initiative…
  • Here's why Baltimore grocery chain Stop Shop Save didn't survive

    Sarah Meehan
    23 Jul 2014 | 12:01 pm
    Stop Shop Save may have catered to underserved Baltimore neighborhoods, but it never found a niche to help it compete against other grocers. The grocery chain has closed three of its last four stores in Baltimore and plans to shut down the last one at 1600 Harford Ave. soon. Jeremy Diamond, director of the Diamond Marketing Group, which provides consulting for the grocery industry, said the company’s sales have declined in recent years as more chain stores and updated independent stores have…
  • HarborView Tower is getting more than a light show

    Sarah Meehan
    23 Jul 2014 | 11:20 am
    The HarborView Tower's beacon added new color to the Baltimore skyline when it was relit Tuesday night, but that’s not the only change underway at the 20-year-old condominium building. The complex also is preparing to undergo interior renovations. The board of directors is vetting new designs for its interior public spaces, including its lobby, meeting spaces, lounges, hallways, and restrooms. The board is aiming to approve and finalize the designs within the next 30 days, said Joycelyn Peoples,…
  • Columbia accelerator graduate Self Spark targets heavyweight venture capitalists

    Sarah Gantz
    23 Jul 2014 | 11:07 am
    Self-help startup Self Spark is about to graduate from Columbia’s Conscious Venture Lab accelerator — and from the state of Maryland. The company was among the first five startups to participate in Conscious Venture Lab’s accelerator program, which is for companies that in some way give back to the community. As the program wraps up in September, Self Spark is eyeing big investors and a new city. CEO James Norris has meetings lined up to pitch to heavyweight venture capitalists Peter Thiel,…
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    Birmingham Business News - Local Birmingham News | Birmingham Business Journal

  • Pit Master's Wings & BBQ opening Trussville restaurant

    Bryan Davis
    23 Jul 2014 | 1:01 pm
    What started as a food truck in Trussville a year ago, will now be a full-service restaurant. Pit Master's Wings & BBQ will be opening a 4,000 square-foot restaurant next week to complement its food truck business. The family owned establishment, run by Gary and Rebecca Taylor, has been a popular stop for many in Trussville. The demand was so high that when the old Codzilla's building at 8925 Gadsden Highway became available, the family jumped on it. The business specializes in wings and BBQ,…
  • Bentley may call special session for economic development incentive package

    Bryan Davis
    23 Jul 2014 | 12:59 pm
    The Alabama legislature may be called into a special session to consider diverting funds for incentives to fund future economic development projects, according to a report from the Montgomery Advertiser. Bentley's speech at a workforce development summit in Washington County did not pertain to any imminent projects but economic development in general. Gov. Robert Bentley is considering bringing the legislators back to the capital after the general election in November as one of many options he…
  • Birmingham's five hottest cities for homebuilding

    Jason Frost
    23 Jul 2014 | 12:03 pm
    Birmingham’s homebuilding sector was flat through the first six months of 2014, according to building permit records. The first six months of 2014, 1,059 permits were filed for residential construction projects in Jefferson and Shelby counties. That’s down slightly from 1,080 a year ago. The value of those permits is also down slightly, from $271 million to $260 million. Despite the drop, Birmingham’s homebuilding sector remains in a positive position compared to where it was two years ago…
  • Alabama paying $75K for rights to welcome visitors to "Sweet Home Alabama"

    23 Jul 2014 | 11:17 am
    The rights to erect the new "Sweet Home Alabama" signs on Interstate borders will cost the state – to the tune of $75,000. That's how much the state is paying for the rights to the phrase made popular by the Lynyrd Skynyrd song of the same name, according to the Associated Press. The song has long been a staple at football games, bars and movies. Alabama has a five-year agreement with Universal Music to use the signs in tourism promotion, the AP reported. The new 15-by-18-foot signs, which…
  • Birmingham Gastroeneterology Associates expands to two Baptist Health locations

    Alan Alexander
    23 Jul 2014 | 10:53 am
    Princeton Baptist Medical Center and Baptist Health Center Hoover now offer the services of Birmingham Gastroeneterology Associates, a clinic of 15 gastroenterologists that treat patients with pancreatitis, inflammatory bowel disease, gastroesophageal reflux disease and liver disease. The collaboration began earlier this month. Doctors Rishi Agarwal and Charles Dasher are located on the Princeton campus, but Dr. Dasher will also see patients at the BHS Hoover location. The clinics will also perform…
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    Boston Business News - Local Boston News | Boston Business Journal

  • ​Beth Israel Deaconess Medical Center opens new cancer-research center

    Jessica Bartlett
    24 Jul 2014 | 4:49 am
    Beth Israel Deaconess Medical Center has brought together leaders in the human genome in a new research collaborative focused on curing cancer. The Institute for RNA Medicine, established under renowned cancer geneticist and Beth Israel Deaconess Cancer Center Director Pier Paolo Pandolfi, and co-founded by BIDMC Chairman of Pathology Jeffrey Saffitz and molecular biologist John Rinn, will look at non-coding RNA, or the pieces of genetic coding material that contain clues about health and disease. Joining…
  • Arthur T. Demoulas offers to buy controlling stake in Market Basket

    Eric Convey
    23 Jul 2014 | 11:11 pm
    Arthur T. Demoulas, who was ousted as CEO of Market Basket by board members loyal to a cousin, is offering to buy the company, he said in a statement issued to the Boston Globe and Lowell Sun Wednesday evening. "We believe that our offer is a very fair and full one, and should meet or exceed a seller's expectations of the value of the company," the statement reads, in part. The controversy over Market Basket's control has embroiled workers at many if not all of the company's six dozen stores. Shelves…
  • Harvard-born GoodLux to start shipping wearable light tracker next month

    Sara Castellanos
    23 Jul 2014 | 12:10 pm
    GoodLux Technology, a Harvard University-born startup and finalist in this year's MassChallenge startup accelerator program, will begin shipping its wearable light tracker device to customers around the world in August. GoodLux CEO Ed Likovich said the company has raised just under $1 million since its founding in 2012, and the money will be used to ramp up production on 1,000 units. The device, called SunSprite, will be shipped to customers around the U.S. and in 20 countries worldwide beginning…
  • The perfect merger: Queen + Adam Lambert

    Greg Walsh
    23 Jul 2014 | 11:33 am
    On the business side of the equation, Queen + Adam Lambert adds up. Look at it on paper or better yet in concert, it’s the perfect business plan: Merge the “classic rock” crowd with “American Idol” tweens and teens and their moms and you can’t lose. There were no losers at last night’s capacity show at the TD Garden (there’s no time for them, after all). Yes, Adam Lambert is no Freddie Mercury — but then, who is? — and Queen’s original bassist John Deacon has retired, but 50…
  • Biogen’s great earnings could spur more inflated biotech stock prices

    Don Seiffert
    23 Jul 2014 | 10:51 am
    If second quarter earnings reported tonight by Gilead, and tomorrow morning by Celgene, are as good as what we saw from Biogen Idec this morning, you can bank on a reinflation of the biotech bubble for the next several months to come. Cambridge-based Biogen (Nasdaq: BIIB) — Massachusetts’ biggest locally-owned drug company by employees and the state’s most valuable company in any industry by market cap — is one of the most closely-watched biotechs in the industry. Others in the category…
 
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    Buffalo Business News - Local Buffalo News | Business First of Buffalo

  • Xerox ranks as biggest employer among Rochester's public companies

    24 Jul 2014 | 3:45 am
    Employment figures were released yesterday for the biggest privately held companies in the Rochester area, led by Wegmans Food Markets Inc. Now it's the turn for the region's public companies. The Rochester Business Journal is reporting this morning that Xerox Corp. heads the list. It employs 6,700 people in the six-county Rochester region. Second is Paychex Inc., which has 3,900 local workers. And third place goes to the company that had been the biggest for decades, Eastman Kodak Co., which…
  • 1Q net income drops at Hudson City

    Allissa Kline
    24 Jul 2014 | 3:45 am
    Net income at Hudson City Bancorp Inc. slipped nearly 20 percent during the second quarter of 2014 as the Paramus, N.J. financial institution continues its long wait to be acquired by Buffalo’s M&T Bank. The parent company of Hudson City Savings Bank this week reported net income of $39.2 million or 8 cents per share for the period ending June 30. Last year at this time, the company’s net income was $48.7 million or 10 cents per share. The year-over-year decline was attributed to a reduction…
  • NASCAR's Kahne takes drive around GM Tonawanda

    David Bertola
    24 Jul 2014 | 3:43 am
    NASCAR driver Kasey Kahne was in town Wednesday to tour the General Motors Co. Tonawanda Engine Plant’s GEN 5 engine line. He also was on hand as the GM Foundation made $60,000 in donations to area charities. The plant is also the exclusive provider of the standard 6.2 liter LT1 V8 engine for the 2014 Corvette Stingray. Kahne, who drives a Chevrolet on the NASCAR circuit, talked about his foundation, his preparation for this week’s race in Indianapolis and promoted the Cheez-It 355, to be held…
  • NHL warns that hockey could be endangered by global warming

    24 Jul 2014 | 3:36 am
    Here's another entity that is threatened by global warming -- hockey. The National Hockey League has issued a warning that the game could be threatened if winters continue to get milder. The Toronto Star says the warning is contained in the league's annual sustainability report, which reviews how the NHL and its member teams are dealing with environmental issues. Included in the report is a letter from Commissioner Gary Bettman. “Our sport can trace its roots to frozen freshwater ponds, to…
  • Loan spike lifts Financial Institutions in 2Q

    Allissa Kline
    24 Jul 2014 | 3:34 am
    The parent company of Five Star Bank reported a 2.7 percent increase in net income for the second quarter, in part because loans reached record-high levels by the end of June. Net income at Financial Institutions Inc. was $7.0 million or 48 cents per share by the end of June, an increase from the same quarter in 2013 when net income was $6.9 million or 47 cents per share. Loans totaled $1.9 billion for the three-month period between April 1 and June 30, reflecting a year-over-year improvement of…
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    Charlotte Business News - Local Charlotte News | Charlotte Business Journal

  • North Carolinians to receive $8.5M in Obamacare refunds

    Jennifer Thomas
    24 Jul 2014 | 3:30 am
    More than 182,500 North Carolinians will receive a total of nearly $8.5 million in refunds tied to Obamacare. That breaks down to an average of $77 per family. The refunds are mandated by a provision in the Affordable Care Act known as the Medical Loss Ratio. It requires health insurers to spend at least 80 percent of their receipts from health-insurance premiums on patient care and quality improvement. Put another way, the share of premium dollars going to insurers' administrative expenses and…
  • CoreLogic report finds Charlotte's foreclosure activity continuing to decline

    Jen Wilson
    23 Jul 2014 | 2:36 pm
    Residential foreclosure activity in the Charlotte market logged another month of decline in May, with the latest figures from CoreLogic Inc. (NYSE:CLGX) showing a foreclosure rate of 1.1 percent in the local market that month. That's down from 2.16 percent a year earlier. It's better than the national foreclosure rate of 1.73 percent for the month, but worse than North Carolina’s statewide rate of 0.95 percent, the Irvine, Calif.-based data firm says. CoreLogic says the the mortgage-delinquency…
  • Charlotte has more connections to Sealed Air Corp. than initially thought

    Ken Elkins
    23 Jul 2014 | 2:12 pm
    Just how many degrees of separation does Charlotte have from Sealed Air Corp. (NYSE:SEE), the latest Fortune 500 company to bring its headquarters here? Not many, it turns out. Sealed Air already has some regional connections. Avi Reichental, CEO of 3D Systems Corp. (NYSE:DDD) in Rock Hill, served as vice president of Seal Air’s plant in Duncan, S.C., before being hired by 3D in 2003. Another local connection: Carol Lowe, Sealed Air CFO, graduated from Sun Valley High School in Union County.…
  • Make them go to rehab, or life in the NASCAR pits

    Erik Spanberg
    23 Jul 2014 | 1:29 pm
    Engine and car tinkering, some of it legal, litters the history of NASCAR. Now, as OrthoCarolina has shown with a growing emphasis on motorsports, the mechanics of the mechanics, among others, plays just as much of a role in finding the crucial seconds, and tenths of seconds, needed to win races. Look no further than Joe Gibbs Racing, where “human performance” has become such a mantra the protocols of staying healthy have trickled down to the minor goal of killing the common cold. Yes, really.…
  • CBJ launching Heavy Hitters real estate awards program

    23 Jul 2014 | 12:59 pm
    The Charlotte Business Journal is launching a signature event to honor the biggest deals and top players in commercial real estate and economic development. The nomination site for our 2014 Heavy Hitters Commercial Real Estate Awards is now live. Deadline for entering is Aug. 28. "The CRE industry was hit hard during the recession, but that’s in the rearview mirror now and today there is no shortage of players and projects that make Charlotte a dynamic region for the commercial real estate industry,"…
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    Cincinnati Business News - Local Cincinnati News | Business Courier of Cincinnati

  • Appellate court will decide on Cincinnati blogger’s right to vote

    Chris Wetterich
    23 Jul 2014 | 2:18 pm
    A three-judge panel on the Hamilton County Court of Appeals is expected to decide soon whether Randy Simes, the co-owner of UrbanCincy.com, has the right to vote in Cincinnati while he lives in Korea working for Parsons Brinckerhoff, a planning and engineering firm. Lawyer Curt Hartman, who often represents the Coalition Opposed to Additional Spending and Taxes, and Don Mooney, Simes’ attorney, appeared before appellate judges Pat DeWine, Pat Fischer and Lee Hildebrandt on Monday to argue the…
  • Here’s where startups can partner with Cincinnati’s biggest companies

    Andy Brownfield
    23 Jul 2014 | 1:35 pm
    Cincinnati’s largest companies are looking for startups to partner with in the inaugural Innovation Xchange expo in September. The expo, from Sept. 18-19 in Covington, will consist of three main components: an event where startups pitch how they can solve these corporations’ problems, a speed-dating event where four companies will select startups to work on projects and a traditional expo. Cintrifuse spokesman Eric Weissmann said the idea for the event came about because members of Cincinnati’s…
  • Get a look at Cincinnati’s latest luxury apartments: SLIDESHOW

    Tom Demeropolis
    23 Jul 2014 | 11:55 am
    The apartment boom in Greater Cincinnati continues with the addition of Monmouth Row in Newport. This 101-unit development from Towne Properties and Carlisle Enterprises is nearly finished. Already 50 percent leased, the entire project is expected to be finished soon. To check out Monmouth Row, click on the image to the right. Towne Properties developed the project on land owned by Wayne Carlisle, a Newport native who has been investing in Newport developments, property and businesses since the…
  • Tom + Chee moving headquarters, Court Street restaurant

    Tom Demeropolis
    23 Jul 2014 | 11:44 am
    Tom + Chee, the fast-growing grilled cheese and tomato soup restaurant concept, is relocating its first restaurant as well as the company's headquarters. Now at 133 E. Court St., the first Tom + Chee restaurant will be moving one door down to 125 E. Court St. The new restaurant, which will be 2,200 square feet, is about 50 percent larger than the current location. It is scheduled to open at the end of September. Dave Krikorian, president of Tom + Chee, said the owner of 125 E. Court approached…
  • Panel: City, patrons should pay more to fix Music Hall, Union Terminal

    Chris Wetterich
    23 Jul 2014 | 10:30 am
    A draft report by the committee charged with scrutinizing tax levy requests for Hamilton County says the city of Cincinnati, private donors and the patrons of Music Hall and Union Terminal should pay more for repairs to the two icons if county commissioners allow citizens to vote on a 0.25 percent sales tax to fund a renovation plan. The city should pay for $11 million in repairs to Dalton Avenue and the fountain above it, according to the report written by the county’s Tax Levy Review Committee.…
 
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    Columbus Business News - Local Columbus News | Business First of Columbus

  • Meet Create-A-Space – a Dublin traveler’s invention to end airplane armrest wrestling

    Carrie Ghose
    23 Jul 2014 | 1:36 pm
    In decades of corporate air travel, Ken Friedlander has had his seat space invaded plenty of times – and he admits, at times, to unwittingly being the armrest encroacher. “I’m not a huge guy but I’m not a small guy,” the corporate sales and marketing specialist said. “I’ll get busy on my computer and I’ll look and my elbows have spilled over the armrest.” As airplanes seats have gotten smaller, and Americans have gotten larger, the problem has worsened. But when his daughter told…
  • CFBank’s Worthington-based parent completes $12M capital raise

    Evan Weese
    23 Jul 2014 | 12:35 pm
    Central Federal Corp., the Worthington-based holding company of CFBank, has completed its $12 million capital raise, selling 480,000 preferred shares at $25 apiece. After placement fees and other expenses paid to McDonald Partners LLC of Cleveland, Central Federal’s net proceeds were $11.4 million. The five-branch community bank’s capital infusion started with the sale of 270,000 shares of Series B preferred stock on May 12 and concluded with an additional 210,000 shares on July 15. “We…
  • Small-business survey finds HR challenges as firms grow to 10-15 workers

    Carrie Ghose
    23 Jul 2014 | 11:54 am
    Small businesses seeking to grow beyond a dozen employees find that their hiring challenges become more complex but are still too small for a full-time human resources manager, say Columbus entrepreneurs in a Columbus Chamber of Commerce survey released Wednesday. However, just 30 percent of about 200 small businesses surveyed say they have worked with an outside agency to help with hiring, prompting the Chamber to recommend more research to find out how HR agencies can help with work-force challenges…
  • Pepper spray with camera device turns to Indiegogo

    Carrie Ghose
    23 Jul 2014 | 11:39 am
    The Defender is a lipstick-sized security device that with a single button snaps a photo of an assailant, alerts authorities, blasts a siren and unleashes a burst of pepper spray. That inspired love from Columbus-based marketer Ryan McManus, who became the face of the company, managing a crowdfunding campaign to get the device into production. He’s also trying to land manufacturing in Central Ohio. The Scioto River and Columbus skyline are featured in the promotional video on the Defender campaign…
  • Most expensive college football tickets – COUNTDOWN

    Laura Newpoff
    23 Jul 2014 | 11:17 am
    While the Southeastern Conference gets most of the love when national pundits talk about the best teams in college football, it can’t top the Big Ten for the popularity of tickets on the secondary market. The conference that’s home to the Ohio State Buckeyes claims the hottest ticket in all of college football for home games for the upcoming season and its OSU-Michigan annual tilt is the most-coveted game with a median ticket price of $561. That’s according to Vividseats.com, a national…
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    Dallas Business News - Local Dallas News | Dallas Business Journal

  • Texas Capital Bancshares posts 18 percent income increase

    Korri Kezar
    24 Jul 2014 | 3:30 am
    Texas Capital Bancshares posted an 18 percent increase in net income for the second quarter over the first three months of the year. In a Tuesday earnings statement, Texas Capital (NASDAQ: TCBI) showed increases in every aspect of its earnings, including a 21 percent increase in demand deposits, 38 percent increase on mortgage finance loans and an increase in investment loans of nearly 25 percent. “We had a great quarter as far as generating earning assets and strong returns,” CFO Peter Bartholow…
  • The Tesla Model X will start production soon as factory gets $100M redo

    Nicholas Sakelaris
    24 Jul 2014 | 3:28 am
    Good news for North Texans who have ordered the Tesla Model X: the carmaker is getting its Fremont, California factory ready to start producing the electric crossover, Bloomberg reported. Tesla Motors (NYSE: TSLA) stopped production at the factory July 21 so it could get the assembly line ready and add robots to speed up production of the Model S. The $100 million upgrade boosts production by 25 percent by adding 25 new robots, Bloomberg reported. Production will resume in about 10 days. “This…
  • Tyler Technologies reports record profit in Q2

    Danielle Abril
    24 Jul 2014 | 3:25 am
    Tyler Technologies reported that it made $14.7 million, or 42 cents per share, on $124.4 million in revenue, marking the best quarter in its history. During the same quarter last year, the Plano-based company made $9 million on $103.1 million in revenue. As a result, the company increased its full-year guidance. It now expects total revenues to range between $283 million to $489 million and profits to range between $1.52 to $1.59. Tyler CEO John Marr, Jr. credited license, royalty and subscription…
  • Perry Kaufman takes reins at Travis Wolff

    Bill Hethcock
    24 Jul 2014 | 3:24 am
    TravisWolff accounting and advisory firm has named Perry Kaufman as its managing partner and is making other organizational changes as the firm entrenches its position serving mid-market clients. Kaufman wants to continue the firm's growth by focusing on the middle market, he told me in an interview. The middle market — firms with $50 million to $150 million in revenue — is growing dramatically in Dallas-Fort Worth, he said. “Our whole firm is truly focused on the advice and counsel that…
  • Up To Speed: Liberty Global's Malone suspects Fox will be only bidder for Time Warner

    David A. Arnott
    24 Jul 2014 | 3:22 am
    John Malone, of the Liberty Global (NASDAQ: LBTYA) media empire, weighed in on 21st Century Fox's (NASDAQ: FOX) reported $80 billion bid for Time Warner Inc. (NYSE: TWX), saying he doesn't think any other bidders will emerge. Malone cited several advantages Fox enjoys over any potential competitors, including the ability to offer nonvoting stock, according to a report by the Wall Street Journal. Malone added that speculation about a large technology company -- others have floated Google (NASDAQ:…
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    Dayton Business News - Local Dayton News | Dayton Business Journal

  • Interactive map shows open jobs across Dayton

    24 Jul 2014 | 3:52 am
    Employers in the Dayton region have 414 openings for engineers. For health care workers, there are more than 2,000 openings. This is according to Glassdoor.com, which has built a map-based visualization tool that shows the city or county where a job seeker is most likely to get hired. Someone looking for a job can punch their data and get a clickable, color-coded map of the nation that shows areas with the highest concentrations of jobs for people with their qualifications. The maps, which can zoom…
  • Houser Asphalt buys new building during growth spurt

    Olivia Barrow
    23 Jul 2014 | 12:44 pm
    Houser Asphalt is moving its fleet storage facility as it experiences growing demand. The company needed to move out of its Springboro Pike facility after the county decided to put in a new waste facility at their location. Houser bought a 14,000-square-foot space on six acres at 2250 Sandridge Road in Moraine, said Mark Dlott, senior vice president and principal with Cassidy Turley, who brokered the deal. Mike Houser, owner of Houser Asphalt, said his business has been increasing since May. “That’s…
  • American Quality Fabrications triples space with new building

    Olivia Barrow
    23 Jul 2014 | 12:41 pm
    A Dayton-area fabrication company tripled its space and is investing in new equipment and hiring. American Quality Fabrications, led by Joe Beidelschies, president, and Kevin Nidzgorski, vice president, just purchased the 46,000-square-foot industrial space at 849 Scholz Drive in Vandalia for $750,000, according to Montgomery County records. The 20-employee company previously operated out of a 15,000-square-foot space in Tipp City. Beidelschies said the upswing in manufacturing locally is boosting…
  • Woolpert wins $750K contract in West Virginia

    Tristan Navera
    23 Jul 2014 | 12:34 pm
    Woolpert Inc. has been awarded a contract for aerial photography and mapping with West Virginia. The West Virginia Department of Transportation, Division of Highways contract is valued at $750,000 for one year, but it may be extended for a second year, according to the Dayton-based architecture, engineering and geospatial firm. The company will provide on-call aerial photography and mapping to support roadway and bridge projects in the works in the state. “We will leverage Woolpert’s expertise…
  • Top 20 best selling whiskey brands of 2014

    Caleb Stephens
    23 Jul 2014 | 11:42 am
    Americans sure love their whiskey. In the past year, U.S. whiskey sales have jumped 12 percent, according to IRI, a Chicago-based market research firm. This has not gone unnoticed in the Dayton region as several new whiskey distilleries have opened or will soon open. They include Flat Rocks Distillery in Fairborn and the Belle of Dayton distillery in the Oregon District. Note: Click here for the Top 20 best selling whiskey brands. Among the top whiskies sold in the U.S. are such popular Bourbon…
 
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    Denver Business News - Local Denver News | Denver Business Journal

  • More health care workers have less education, but no so much in Denver

    Ed Sealover
    23 Jul 2014 | 9:02 pm
    Workers with lower levels of education are making up a larger part of the American health-care workforce — but less so in Denver than in any other area of the country, according to a study released late Wednesday. The Metropolitan Policy Program at the Brookings Institution, a Washington D.C.-based research and policy organization, found that the number of workers who hold an associate’s degree or less in 10 specific health-care occupations nationwide has increased by 46 percent since 2000.…
  • Insurers refunding millions of dollars in premiums to Coloradans

    Ed Sealover
    23 Jul 2014 | 9:01 pm
    Colorado consumers will receive nearly $3 million in refunds from insurance companies that did not spend enough money on patient care last year. The U.S. Department of Health and Human Services announced Wednesday that nine companies must cut checks to 52,277 customers for a cumulative total of $2,721,701 for violating the medical loss ratio rule established in the federal Patient Protection and Affordable Care Act. The rule requires insurers to spend at least 80 percent of premium dollars on…
  • Local tech companies shake up old ways of doing things

    Greg Avery
    23 Jul 2014 | 4:58 pm
    Doing away with computer log-in passwords. Helping real estate brokers keep connections with startups they might normally have to turn away as clients. These are the aims of two new products issued this week by local software companies Ping Identity and PivotDesk. New wrinkles in software packages don’t usually rise to being newsworthy, but the technology each of the companies unveiled this week warrant some attention. Denver-based Ping Identity makes identity protection and log-in management…
  • Little Me's joins list of Cherry Creek North businesses that have closed, citing construction

    Ed Sealover
    23 Jul 2014 | 4:21 pm
    Ongoing construction has claimed another retail victim in the Cherry Creek North neighborhood. Little Me’s, a children’s clothing boutique at 3000 E. Third Ave., shut down on Sunday after the annual Cherry Creek North Sidewalk Sale. Owner Jennifer Riches posted a letter in the long-operating store’s window stating that the construction that has made it difficult to access the popular shopping district has taken too much of a toll on her store — and, she believes, others in the area. “I…
  • Private foundations see average returns of 15.6% in fiscal year 2013

    Heather Draper
    23 Jul 2014 | 1:42 pm
    Investment returns at private foundations nationally rose to an average of 15.6 percent in 2013, which marked the second straight year of double-digit returns, according to a study released Wednesday. The 2013 Council on Foundations-Commonfund Study of Investments for Private Foundations (CCSF) looked at data from 153 private foundations nationwide with total assets of $94.1 billion. The largest foundations — those with assets of more than $500 million — showed the highest average return of…
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    Greensboro Business News - Local Greensboro News | The Business Journal of the Greater Triad Area

  • PTI drops to 82nd in index for airports with cheapest flights

    24 Jul 2014 | 3:50 am
    Piedmont Triad International Airport was ranked 82nd for affordability among the 101 most popular airports around the country according to a survey conducted by CheapFlights.com last month, a big drop in its standing from last year. The Greensboro airport ranked 82nd this year with an average airfare of $459. It was in No. 14 last year. CheapFlights.com created the index, using average ticket prices from June, and shows how the rankings fluctuate from year to year by listing previous rankings. Other…
  • Raleigh tops Forbes' Best Places for Business list

    Lauren K. Ohnesorge
    24 Jul 2014 | 3:25 am
    Raleigh just topped Forbes’ list of Best Places for Business. Citing business costs – 18 percent below the national average – and an educated workforce, Forbes gives Raleigh the top slot over Des Moines, Iowa, which ranks at number two. The ranking coincides with economic development news throughout the last week - such as Merz North America's decision to move its headquarters from High Point to Raleigh. Raleigh, home of tech titans such as Citrix (NASDAQ: CTXS) and Red Hat (NYSE: RHT),…
  • N.C. beats S.C. for Sealed Air headquarters

    Amanda Jones Hoyle
    24 Jul 2014 | 3:15 am
    The announcement that Sealed Air Corp. has chosen North Carolina over South Carolina for its new headquarters operations is as much a psychological win for the state as it is an economic win. In June, the state and the Charlotte business community suffered several heavy blows when S.C. Gov. Nikki Haley welcomed four companies with as many as 8,800 new jobs to her state, lured away from operations and office options in the Charlotte region. New Jersey-based Sealed Air (NYSE: SEE) had also been considering…
  • Biopharma industry at highest risk for employee turnover

    Jason deBruyn
    24 Jul 2014 | 3:05 am
    A new survey reveals it might be easier for companies in the biopharma industry to poach employees from one another, especially among employees who view themselves as underpaid. That’s potentially disturbing news for North Carolina, which has a biopharma industry of more than 600 companies, 60,000 employees and a $4.5 billion payroll. Employers in and around Research Triangle Park should take special notice, as some of the largest employers are in the biopharma industry, GlaxoSmithKline (NYSE:…
  • N.C. is largest job-slashing machine in South

    Sarah Chaney
    24 Jul 2014 | 3:00 am
    Mass layoffs such as Microsoft's jettisoning of 18,000 workers were a frequent occurrence of the past. But in North Carolina, they appear to be a reality of the present, as job cuts continued to be widespread in June. According to a report from outplacement firm Challenger, Gray & Christmas, North Carolina had the largest number of planned job cuts of all Southern states in June, with 1,494 layoffs. Its year-to-date figure of 7,559 job cuts was behind only Florida. Urban areas in North Carolina…
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    Honolulu Business News - Local Honolulu News | Pacific Business News of Honolulu

  • Hawaii on the Hill ends with Taste of Hawaii Event

    Braelyn Wood
    23 Jul 2014 | 5:57 pm
    Hawaii on the Hill, which showcased 48 local organizations' products, services and missions to congressional members and staff in Washington, D.C., concluded Wednesday night with a "Taste of Hawaii" exhibition, an invitation-only "open house" event at the Russell Senate Office Building. The Hawaii participants ranged from companies such as Tiki Shark Art based on the Big Island and Haute Confectionary Boutique based on Oahu, to associations such as the Hawaii Food Manufacturers Association. The…
  • Allstate Insurance Co. to add new agencies, sales agents in Hawaii, Northwest

    Jason Ubay
    23 Jul 2014 | 5:52 pm
    Allstate Insurance Co. said Wednesday that it is hiring 166 new agents for its Northwest region, which includes Hawaii. Allstate said it will hire 51 new agency owners, 13 financial specialists and 102 licensed sales professionals in Hawaii, Alaska, Idaho, Oregon and Washington this year. Candidates for Allstate agency ownership need a minimum of $50,000 of liquid capital to invest in their agency, which covers the expected operating costs. The time between initial interest and opening the agency…
  • Hawaii's current energy scene now a symphony, official says

    Duane Shimogawa
    23 Jul 2014 | 5:43 pm
    Kyle Datta, founding partner of eBay founder Pierre Omidyar’s Honolulu-based Ulupono Initiative — which is investing big dollars in local food production, renewable energy and systems to reduce waste — likens stakeholders taking part in Hawaii's current energy industry to music. “All of us like music and for a long time, the energy system has been a simple string quartet,” said Kyle Datta, founding partner of Ulupono Initiative, who was one of the speakers at Wednesday’s 6th Annual Hawaii…
  • Employers compete for applicants at Retail Merchants of Hawaii job fair

    Bill Cresenzo
    23 Jul 2014 | 5:31 pm
    Retail Merchants of Hawaii held its first job fair Wednesday at Ward Warehouse in Honolulu for retailers who have had difficulty finding the right people, and the number of job-seekers was outnumbered by more than three-to-one by the positions that were available as 50 retailers sought to fill 1,000 jobs. Sheri Sakamoto, president of Retail Merchants Hawaii, and others say that the biggest problem retailers are facing right in this economy is finding the right people to hire. As of 1 p.m. on Wednesday,…
  • Owners selling their popular Honolulu Thai restaurant

    Duane Shimogawa
    23 Jul 2014 | 4:59 pm
    The owners of the popular Kaew’s Thai Villa Bar & Restaurant in Honolulu are looking to sell their three-year-old establishment. Anuttsara Smith, better known as Kaew, decided to sell the Liliha restaurant after her husband, Chris Halsema, who helped her run the business, moved to California to take a job at the Stanford University Medical Center. Halsema told PBN that while his wife is very disappointed, it is just too much for her to run the restaurant by herself. Eventually, Chef Kaew will…
 
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    Houston Business News - Local Houston News | Houston Business Journal

  • ​On trend: Texas Instruments opens new local office with cool amenities

    Jenny Agee-Aldridge
    23 Jul 2014 | 2:51 pm
    On July 23, Texas Instruments (Nasdaq: TXN) opened its new Sugar Land office, which boasts a variety of amenities for its employees. Located at the northeast corner of U.S. 59 and University Boulevard, the three-story office will house 375 employees. TI's building will include several collaboration spaces, a courtyard, outdoor basketball and volleyball courts, a fitness center and walking path around the building. Click through the slideshow to see pictures inside Texas Instruments' new building. “Creating…
  • Same-sex marriage could add millions to Texas economy, report says

    Michael Theis
    23 Jul 2014 | 2:39 pm
    Same-sex marriage could be a big boost for Texas' economy, according to a study from The Williams Institute released this week. Using 2010 U.S. Census data, the study estimates that it would add $181.6 million to the state's economy over the next three years if same-sex marriage is legalized in Texas, including $116 million in the first year alone. That would translate into an estimated $14.8 million in sales tax revenue for state and local governments, according to the report. All those same-sex…
  • New data center under construction in Energy Corridor

    Jenny Agee-Aldridge
    23 Jul 2014 | 2:29 pm
    A Dallas-based data center developer has begun construction on a new facility in the Energy Corridor. Skybox Houston One, an 86,960-square-foot center being developed by Skybox Datacenters, will have four private 10,000-square-foot data halls with the option to expand to 12 data halls at its 20-acre campus on Franz Road in Katy. It is slated for completion in November. “Datacenter users in the Houston market are very sophisticated and require robust infrastructure to withstand the elements. Skybox…
  • Growing energy company raises $1.5B to fund oil exploration in the Gulf

    Nicholas Sakelaris
    23 Jul 2014 | 2:12 pm
    Venari Resources LLC raised nearly $1.5 billion in private equity funding to finance the Addison-based company’s drilling efforts in the Gulf of Mexico, according to Securities and Exchange Commission filings. The $1.49 billion influx of cash came from 78 individual investors, according to SEC documents. Officials with Venari could not be reached Wednesday. The revenue is not being raised in connection with a merger or acquisition, the filing indicated. Got Energy? Sign up for our Energy…
  • After gaining on one Forbes list, Houston slips on another

    Olivia Pulsinelli
    23 Jul 2014 | 1:52 pm
    Although Houston jumped 10 spots on one new Forbes list, it fell six spots on a similar list released the same day. Houston dropped from No. 3 last year to No. 9 on Forbes’ “Best Cities for Future Job Growth 2014” list. The Bayou City’s projected annual job growth is still 3.5 percent, however. Like last year, Texas dominated the top 10: Austin ranked No. 2 with 4.1 percent annual job growth, followed by No. 3 McAllen, No. 5 Dallas and No. 10 San Antonio. Florida also had a strong showing,…
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    Jacksonville Business News - Local Jacksonville News | Jacksonville Business Journal

  • Work on Boeing new $8 million aircraft service contract will be done in Jacksonville

    Jensen Werley
    24 Jul 2014 | 3:30 am
    Boeing in Jacksonville was awarded a nearly $8 million contract — ending a nearly month-long drought of military contracts for the area. The contract is for service and remanufacturing of a F/A18 A-F aircraft. More than half of the construction work will be done in St. Louis, Missouri; the remainder will be done in Jacksonville. The Naval Air Systems Command in Patuxent, Maryland is the contracting activity. The project is expected to be completed in July of next year.
  • Booze, buds and banks: GrayRobinson creates new regulated products practice group

    Catherine Byerly
    23 Jul 2014 | 11:58 am
    With Charlotte's Web legalizing one strain of medical marijuana and a Florida constitutional amendment seeking in November to legalize the substance more broadly, GrayRobinson PA is creating a regulated products practice group to guide clients through yet-to-be-seen legal quandaries. The practice group will focus on compliance issues, helping clients navigate regulations applicable to the manufacturing, ordering, distribution, marketing, sale, administration and consumption of various heavily regulated…
  • Jacksonville native to be featured on Project Runway

    Alexa Epitropoulos
    23 Jul 2014 | 11:55 am
    A Jacksonville native has taken his passion for design to a whole new level on fan favorite design reality show Project Runway. Mitchell Perry, 25, who was raised in Jacksonville by his aunt and uncle, will be featured on season 13 of the Heidi Klum-anchored Lifetime show, which premieres July 24. “We’re excited for him. He is thrilled and just beside himself,” said Trey Perry, Mitchell’s uncle. Earning a spot on Project Runway was a long journey for Perry, who auditioned for the show…
  • ​For UNF journalism students, it’s Berlin or bust

    Colleen Michele Jones
    23 Jul 2014 | 11:52 am
    A group of University of Florida students who covered Jacksonville’s crowdfunding festival this spring are trying their own hand at crowdfunding. The goal: to report from the field again, this time in Germany for the Berlin version of One Spark, to be held Sept. 12-14. Five UNF seniors in UNF’s journalism program hope to raise $9,000 via the crowdsourcing website RocketHub to travel with their professor to the third incarnation — and the first international gathering — of One Spark. The…
  • City's price tag to convert Baseball Grounds to soccer pitch: $1 million

    Andrew Thurlow
    23 Jul 2014 | 11:47 am
    The city of Jacksonville is looking to spend up to $1 million in the next year to turn the Baseball Grounds of Jacksonville into a soccer pitch for the Armada Football Club. The soccer team will play 20 games from February to November at the Baseball Grounds of Jacksonville in each of the next three years, with about 10 of them requiring a transition from baseball to soccer depending on both teams' schedules. Although the city-owned baseball facility was not designed to host soccer games, the…
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    Kansas City Business News - Local Kansas City News | Kansas City Business Journal

  • KCK scores national soccer training complex

    Brian Kaberline
    23 Jul 2014 | 4:35 pm
    A team of government and private players announced the development of a U.S. Soccer National Training Center in Kansas City, Kan., on Wednesday. The $75 million-plus complex will be built at the southeast corner of 98th Street and Parallel Parkway. It will house a National Training and Coaching Development Center, facilities for athlete training and performance analysis and youth soccer development programs, according to a release. Kansas Gov. Sam Brownback said at the project’s announcement…
  • Like the streetcar, $8M Crossroads apartment project ready to roll

    Rob Roberts
    23 Jul 2014 | 2:17 pm
    A project that serves as a poster child for the economic development potential of Kansas City's new streetcar system was advanced by a city council committee on Wednesday. The Planning, Zoning & Economic Development Committee voted unanimously to recommend that the full council approve rezoning and an urban development plan for a five-story apartment-over-retail project at 1914 Main St. in the Crossroads Arts District. Approval of the urban development plan by the council, which is scheduled to…
  • GM recall includes KC-made Buick LaCrosse

    James Dornbrook
    23 Jul 2014 | 12:53 pm
    General Motors Co. announced six recalls Wednesday involving 717,950 vehicles produced in the United States, bringing its total U.S. recalls this year to about 25.7 million vehicles. Although the previous recalls involved potentially deadly issues with ignition switches, most of the latest recalls focused on a potentially loose bolt in power adjustable front seats in cars from its 2010-2012 model years. The issues with the bolt have led to two crashes and three injuries but no deaths. The seat…
  • Where's the gridlock in metro KC? Tips to get around it

    Elise Reuter
    23 Jul 2014 | 12:50 pm
    With construction season in full swing, Kansas Citians are subject to the daily woes of traffic jams, parking problems and a maze of closed downtown streets. Even taxi drivers admitted to avoiding the section of streets between Oak and Broadway Downtown during rush hour. To combat the traffic, drivers from Yellow Cab and Regal Limos suggested alternate routes that will skip the gridlock: The problem: Main Street is closed from Pershing Road to 20th Street, while traffic on Broadway is often tied…
  • Ex-Garmin employee gets prison for stealing GPS devices

    Leslie Collins
    23 Jul 2014 | 12:48 pm
    A former Garmin International Inc. employee has been sentenced to federal prison for stealing $1 million worth of GPS devices from Garmin. Terrence Heathington, 32, formerly of Olathe, will serve 33 months in federal prison and must also pay $2 million in restitution. He pleaded guilty in February. Heathington, who worked as a material handler at Garmin's Olathe warehouse, said he stole the devices in 2008 and mailed them to his residence and to friends living in Atlanta. They later profited from…
 
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    Los Angeles Business News - Local Los Angeles News | Los Angeles Business from bizjournals

  • ​UC cashes in on nonresidents

    Scott Bridges
    23 Jul 2014 | 1:25 pm
    Some people characterize the trend as “a fresh perspective,” while others say that Californians are being squeezed out. The controversial issue revolves around the continuous rise in out-of-state and foreign students the University of California campuses are admitting each fall. What is not in contention is the amount of extra money that nonresidents provide the school system. This year, preliminary data based on students’ statements suggests that more than one-fifth of entering freshmen will…
  • Salaries for recent grads down

    Scott Bridges
    23 Jul 2014 | 1:24 pm
    Recent college graduates’ pay is far off the pace of the rest of the workforce -- college-educated or not, according to a study by the Federal Reserve Bank of San Francisco. The report, released Monday, found that median earnings for recent college graduates rose only 6 percent between the recession years of 2006 and 2013. Compare that with the 15-percent increase for the rest of U.S. workers. Such disparities have occurred in previous recessions, the data indicated, however, this current trend…
  • County adopts state’s water regulations

    Scott Bridges
    23 Jul 2014 | 1:24 pm
    In an unsurprising decision on Tuesday, the Los Angeles County Board of Supervisors followed Supervisor Don Knabe’s recommendation that the county adopt the state water board’s emergency regulations to to limit outdoor watering and require water suppliers to closely monitor use. The Los Angeles Daily News reports that Knabe cited the recently published data that concluded that 80 percent of California is in a state of extreme drought. To make matters worse, the first six months of 2014 were…
  • ​The president is back in L.A. -- because the traffic wasn’t bad already

    Scott Bridges
    23 Jul 2014 | 1:24 pm
    It seems like only yesterday and in some other country that heavily armed federal agents shut down Wilshire Boulevard while helicopters patrolled the skies and sirens accompanied a long line of black SUVs. But those days are here again, as President Barack Obama is scheduled to arrive aboard Air Force One at Los Angeles International Airport Wednesday afternoon, as the Daily Breeze reports. The planned 24-hour visit will reportedly include a pair of political fundraisers and a speech at Los Angeles…
  • Comic-Con 2014: The movie and TV sneak peeks at geek mecca

    Annlee Ellingson
    23 Jul 2014 | 9:56 am
    I’m heading down to Comic-Con today, right after I post this story. And pack. And put gas in the car. But before I go, here’s a little taste of what’s in store for me and the 130,000 other fanboys and -girls descending on the San Diego Convention Center and its surrounds for the weekend. There are lots of ways to get your geek on at the Con, but perhaps the most conspicuous, to the outside world at least—the one that lights up Twitter and the blogs—is getting a sneak peek of what Hollywood…
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    Louisville Business News - Local Louisville News | Business First of Louisville

  • ​Taylor Woolery Worden

    23 Jul 2014 | 3:12 pm
    Taylor Woolery Worden Property sales manager, Caesars Entertainment Corp. Years in current job: 14 Years in the industry: 19 Education: Studied communications at Elon College, Elon, N.C. Favorite way to unwind: “Watching my children practice their craft.” Favorite movie or TV show:“Steel Magnolias” Favorite restaurant in another city: Hal’s on Old Ivy, Atlanta Type of music she listens to most: Country What energizes/inspires her: Entertaining clients and providing unmatched service.…
  • ​Jonathan P. Tarullo

    23 Jul 2014 | 3:11 pm
    Jonathan P. Tarullo General manager/maître d’, Vincenzo’s Italian Restaurant Years in current job: 2.5 Years in the industry: 15 Education: Attended University of Kentucky Favorite way to unwind: Watching movies Favorite movie or TV show:“Mad Men” Favorite restaurant in another city: SW Steakhouse, Las Vegas Type of music he listens to most: Classic rock What energizes/inspires him: The fast-paced and ever-changing restaurant business. “It’s kind of like a show for our guests,…
  • ​Patrick Sterling

    23 Jul 2014 | 3:09 pm
    Patrick Sterling Senior director of risk and people administration, Texas Roadhouse Inc. Years in current job: 10 Years in the industry: 27 Education: Bachelor’s degree in international finance, Louisiana State University Professional certifications: Senior Professional of Human Resources Favorite way to unwind: Watching the sunset on his deck with a glass of good red wine Favorite movie or TV show:“True Detective” Favorite restaurant in another city: Commander’s Palace, New Orleans Type…
  • ​Nancy A. Stephen

    23 Jul 2014 | 3:07 pm
    Nancy A. Stephen Director of communications and tourism development, Louisville Stoneware Co. Years in current job: Less than 1 Years in the industry: 15 Education: Bachelor’s degree in communications, University of Dayton Professional certifications: Graduate of Focus Louisville, Ignite Louisville, Woodford Reserve Bourbon Academy and Filson Historical Society Bourbon Academy Favorite way to unwind:“Sometimes I enjoy a yoga class to work out my stress, and other times I enjoy a handcrafted…
  • ​Scott Shoenberger

    23 Jul 2014 | 3:04 pm
    Scott Shoenberger Chief operating officer, The Al J. Schneider Co. Years in current job: Less than 1 Years in the industry: 32 Education: Bachelor’s degree in hotel and restaurant management with minors in history and finance, University of Denver Favorite way to unwind: Watching movies with his son, cooking with his daughter, laughing and spending time with his wife. Favorite movie or TV show:“Cinderella Man,” “Big Bang Theory,” “Breaking Bad” Favorite restaurant in another…
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    Memphis Business News - Local Memphis News | Memphis Business Journal

  • Construction begins on $4.1M medical office in Germantown

    Ryan Poe
    23 Jul 2014 | 12:54 pm
    The fast-growing medical district south of Shelby Farms is about to grow a little more with the construction of a nearly $4.1 million medical office building. Cypress Realty Holdings and Ford & Jarratt Realty Development Co., with two anchor tenants in place, have launched construction of their 36,000-square-foot Medical Arts II Professional Building at 7600 Wolf River Blvd. The building, which is being built by Grinder Taber & Grinder Inc., should open in spring 2015. West Tennessee Imaging…
  • Program introduces middle schoolers to technology and manufacturing

    Michael Sheffield
    23 Jul 2014 | 11:51 am
    Two years after launching its Industrial Readiness Training program, a group of faculty members at Southwest Tennessee Community College began to explore the possibility of reaching students before they reached high school. The idea, which was originally discussed by Ayana Alshams-Brooks, a training specialist at Southwest, would help identify students with an interest and the aptitude for manufacturing or information technology careers. But in order to ensure those kids took the right classes in…
  • Meet Commercial Advisors' new principal Jeb Fields

    Ryan Poe
    23 Jul 2014 | 11:48 am
    Jeb Fields, vice president of Cushman & Wakefield Commercial Advisors, is now a principal of the Memphis real estate firm. Fields joined Commercial Advisors in January 2004 as an associate broker and in 2007 rose to vice president. In that role, he's focused on strategically growing the company in the office and industrial sectors. He is a member of the Cushman & Wakefield Global Supply Chain Services Group, a Certified Commercial Investment Member, and a member of the Society of Industrial and…
  • Shelby County green spaces, other projects get $1.4 million infusion

    Ed Arnold
    23 Jul 2014 | 11:47 am
    Tennessee Gov. Bill Haslam announced grants totaling more than $1.4 million for Shelby County which will be used for several different projects across the county. “These types of projects strengthen our communities,” Haslam said. “Increasing energy efficiencies saves taxpayer dollars, and making our cities more pedestrian-friendly and enhancing our parks and recreation areas improves the lives of Tennesseans. We want Tennessee to continue to be the very best place to live, work and raise a…
  • Food trucks coming to FedExForum

    Michael Sheffield
    23 Jul 2014 | 11:46 am
    The Memphis Grizzlies are opening the outdoor plaza at FedExForum to local food truck owners beginning this Friday until Aug. 15. Food Truck Fridays at FedExForum will take place from 11 a.m. until 1 p.m., and will include local food trucks from Fuel Café, Rock’n Dough Pizza Co., and Fresh Gulf Shrimp. The Grizzlies will also tie in different promotions, ranging from tickets to see Michael Buble at FedExForum July 30 to various Grizzlies giveaways. The team will also invite attendees to the…
 
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    Milwaukee Business News - Local Milwaukee News | The Business Journal of Milwaukee

  • Waukesha County execs hit the links: Slideshow

    Scott Paulus
    24 Jul 2014 | 3:00 am
    More than 300 Waukesha County business executives hit the links Wednesday for the Waukesha County Business Alliance annual golf outing. Check out our slideshow to see photos from the event. The sold-out event, which was held at the Ironwood Golf Course in Sussex, is one of the biggest golfing and networking events in Waukesha County each year. Business executives in attendance at the golf outing included Michael Delzer of Delzer Lithograph Co., Scott Satula of MLG Commercial, Chris Mehring and…
  • At least two 'Shark Tank' contestants called back

    Denise Lockwood
    24 Jul 2014 | 3:00 am
    A few of the hundreds of people who showed up for an open casting call for ABC’s television show "Shark Tank" have already received a call back to go to the next level, which means the show could have some representation from Wisconsin. This was the first time "Shark Tank" has done a casting call in Milwaukee. U.S. Cellular pitched the idea to come to Milwaukee because these were markets the show had not been to before. Teen-age entrepreneurs Stephanie Jahr, 19, Elizabeth Jahr, 17, and Annika…
  • Friday's restaurant to reopen at Miller Park with limited service during games

    23 Jul 2014 | 3:14 pm
    TGI Friday’s Front Row Sports Grill will reopen Thursday at Miller Park, but it will only be open for limited service during home games after it was damaged by a fire. The bar inside of the restaurant and the Friday’s Beer Garden will be open to ticket holders from the time gates open until the end of home games, according to a news release from the Milwaukee Brewers. Service will be limited to beverages only for most customers. Limited food service will be available to fans with tickets to…
  • Owner of 20-story office in downtown Milwaukee seeks bids to buy building

    Sean Ryan
    23 Jul 2014 | 2:35 pm
    The owner of the 20-story 250 East office in downtown Milwaukee is asking companies to submit offers to buy the building and its attached 427-space parking structure, according to an email from CBRE Inc. The property is along North Broadway between East Wisconsin Avenue and East Mason Street. With roughly 200,000 square feet of space, it is 32.6 percent leased. Last year, it was sold to an investment fund organized by Dallas-based Lone Star Funds. CBRE sent an invitation for companies to bid to…
  • Columbia St. Mary's finalizes heart surgery deal with Froedtert, Medical College

    Rich Kirchen
    23 Jul 2014 | 12:58 pm
    Sixteen months after Columbia St. Mary’s announced it was embarking on a new heart-surgery venture — initially in cooperation with ProHealth Care — Columbia St. Mary’s said it finalized an agreement with Froedtert & the Medical College of Wisconsin. The agreement announced Wednesday will expand cardiothoracic surgery programs at Columbia St. Mary’s hospitals in Milwaukee and Mequon. The deal solidifies Froedtert & the Medical College’s presence on Milwaukee’s east side and north shore…
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    Minneapolis Business News - Local Minneapolis News | The Minneapolis / St Paul Business Journal

  • List Leaders: The Twin Cities' biggest intellectual property law firms (Photos)

    Jim Hammerand
    23 Jul 2014 | 3:21 pm
    There's a new shop atop the Business Journal's annual ranking of the largest intellectual property law firms in the Twin Cities Schwegman Lundberg & Woessner and Faegre Baker Daniels moved up on the list's Top 5, while Merchant & Gould, Robins, Kaplan, Miller & Ciresi and Fredrikson & Byron lost ground. (All are headquartered in Minneapolis.) Subscribers can see the full list, which includes the law firm's top practices, how much of their work is in IP, how many patents they filed in 2013 and…
  • Got a surly server ticking off customers? This app knows

    Katharine Grayson
    23 Jul 2014 | 3:09 pm
    A Twin Cities tech startup that helps restaurateurs monitor customer satisfaction has raised $500,000 in capital. The company, St. Paul-based Elevate Research Inc., landed the funding from venture capital firms Icon Venture Partners and Confluence Capital Partners. Angel investors also participated. Elevate makes an application that lets eateries and retailers create online surveys, which customers can responde to via a mobile device or computer. Restaurant owners can monitor results at multiple…
  • Twin Cities lawyer and investment adviser stole more than $2M from clients, regulators say

    Jim Hammerand
    23 Jul 2014 | 1:00 pm
    A Vadnais Heights lawyer, insurance agent and licensed investment adviser is accused of misappropriating more than $2 million from clients who were often retirees or elderly investors. The Minnesota Department of Commerce said it fined Mark David Holt $300,000, prohibited him from engaging in securities-related activity and revoked his insurance license. Holt, who practices in North Oaks, pleaded guilty to one count of felony wire fraud and is scheduled to be sentenced Aug. 14. The state agency…
  • Health care app developer names new CEO

    Katharine Grayson
    23 Jul 2014 | 12:55 pm
    Medicom Health Interactive, which develops educational software applications for the health care industry, has named Will Sigsbee its CEO. Sigsbee was most recently president of ApeniMED Inc., a Minneapolis-based health IT company sold to Wisconsin-based IOD Inc. for an undisclosed amount last year. He became CEO of Minneapolis-based Medicom effective July 7. Medicom’s former CEO, Barbara Goergen, will serve as president and founder. Before joining ApeniMED, Sigsbee held sales positions at Globus…
  • Davisco employees and CEO will stay on after acquisition, buyer Agropur says

    Clare Kennedy
    23 Jul 2014 | 12:50 pm
    Davisco Foods International's cheese business employees and their chief executive will stay on after the company is acquired by Canadian dairy giant Agropur, Davisco CEO Jon Davis said Wednesday. Quebec-based cooperative Agropur on Tuesday announced it would buy the Le Sueur-based business, which was founded by Davis' grandfather 71 years ago. Davis said the decision to sell was a difficult one, but was the best option for Davisco given the industry's rapid consolidation. "The world is getting…
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    Nashville Business News - Local Nashville News | The Nashville Business Journal

  • Seven things to know about paying student loans

    Greg Edwards
    24 Jul 2014 | 3:33 am
    Did you know you can reduced the interest rate on your (or your kid's) student loan by 0.25 percent just by signing up for automatic monthly debit? Or that small towns in some areas offer up to $3,000 a year to help pay back your loans? Other tips from the editors of Kiplinger’s Personal Finance: - You can extend your repayment period on your federal loans if you owe $30,000 or more. - You can make smaller payments for federal loans and have debt forgiven if you don’t earn much. - Dropping…
  • Apple’s latest smartwatch patent details gesture controls, calls gadget iTime

    Sarah Drake
    24 Jul 2014 | 3:33 am
    Apple Inc. filed a patent application for a wristwatch that allows answering a phone call with the flick of a wrist and the ability connect to other Apple-branded products with a gadget it refers to as iTime in at least one drawing. The device will connect via a “personal wireless environment” with other Apple gadgets like iPhones, iPads, desktop computers and even the watch’s own straps, which have built-in sensors, AppleInsider reports. The documents detail a “smart wristband” that would…
  • Q2 movie ticket prices down from last year's record high

    Annlee Ellingson
    24 Jul 2014 | 3:33 am
    The average movie ticket cost $8.33 during the second quarter, the National Association of Theatre Owners reported this week. That’s up 4.6 percent from the first quarter of the year, when the price of admission was $7.96. But it’s down a smidge from the second quarter of 2013, when ticket prices hit an all-time high of $8.38. Blame Captain America. “The Winter Soldier,” which grossed $257.3 million during the quarter, played in 3-D, IMAX and other premium large-format screens that collect…
  • City Winery sets opening date for Nashville

    E.J. Boyer
    23 Jul 2014 | 1:36 pm
    City Winery, a restaurant, music venue and fully functioning winery in one, has set an Oct. 1 grand opening date for its Nashville outpost. Located at 609 LaFayette St. in SoBro, it will be City Winery's fourth location, behind New York, Chicago and Napa Valley. Moving into a rehabbed 30,000-square-foot warehouse space, City Winery Nashville will feature a 300-seat concert hall, restaurant and private dining operation, according to a news release. A head chef has not been announced yet, but the…
  • SouthStar on Summit, the $200M Cool Springs project you've never heard of

    Adam Sichko
    23 Jul 2014 | 12:55 pm
    The location of Summit, a planned development by SouthStar, is hard to miss. It's a hilltop overlooking Interstate 65 at exit 67, in the heart of the Cool Springs commercial hub south of Nashville. What's escaped notice is the fact that SouthStar executives Glenn Wilson and Glenn McGehee had even assembled the 30 acres of land in the first place. The duo tells me they're in talks with a medical group that would be new to the Franklin-Cool Springs area. The potential tenant would anchor a planned…
 
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    Orlando Business News - Local Orlando News | The Orlando Business Journal

  • Want to check in on Foursquare? Now you have to download Swarm

    Ben Fischer
    24 Jul 2014 | 3:53 am
    Happy Hour on Thursday is going to feel a lot different for hard-core mobile app lovers: For the first time since March 2009, you won't be able to check in on Foursquare. Foursquare Labs Inc. said Wednesday it's moving all "check-ins" to its newly unbundled, poorly reviewed app called Swarm starting tomorrow. The Foursquare app will either open Swarm automatically when you try to check in, or prompt you to download the new app if you don't have it yet. It's the first mandatory, so to speak, phase…
  • Visit Florida highlighted as part of Google's $6.5B economic activity in Florida

    Margie Manning
    24 Jul 2014 | 3:51 am
    Google helped provide $6.5 billion of economic activity for Florida businesses in 2013. A chunk of that helped out the hospitality companies that work with Visit Florida, according to Will Seccombe, president and CEO of the statewide tourism group, which is highlighted in Google’s newly released economic impact report. Visit Florida has gone from spending less than 5 percent of its media budget on digital to 26 percent last year, Seccombe said in the report. In five years, Visit Florida has grown…
  • Sprint, Google partner to offer biz apps

    Bobby Burch
    24 Jul 2014 | 3:50 am
    Sprint Corp. is teaming up with one of the biggest name in technology: Google Inc. Starting Aug. 18, Sprint will begin selling Google Apps for business in a move the company hopes will add value for business clients and retain more customers. The cloud-based apps include Google's communication, storage, collaboration and management tools, which pair well with Sprint's mobile aptitudes, said Michael Fitz, vice president of Sprint's business solutions. "First and foremost, it allows us to go to our…
  • Regions Financial posts solid second-quarter numbers

    Rob Robertson
    24 Jul 2014 | 3:49 am
    Regions Financial Corp. reported net income available to common shareholders of $292 million in the second quarter of 2014, an 11 percent increase over the previous year's $262 million, the company announced Tuesday morning. The bank also reported earnings per diluted share of 21 cents in the second quarter, bolstered by loan growth, as analysts predicted. Net income dropped from the first quarter’s results of $311 million. Regions grew ending loan balances to $833 million, or 1.1 percent,…
  • CNL Healthcare Properties invests more than $225M in Texas, Illinois properties

    Cindy Barth
    24 Jul 2014 | 3:48 am
    CNL Healthcare Properties, a real estate investment trust, has completed the acquisition of a portfolio of seven senior housing communities in Texas and one in Illinois. The eight properties collectively include 798 units and 72 skilled nursing beds that were acquired from South Bay Partners Ltd., a Dallas-based senior housing development company. In addition, CNL Healthcare Properties formed a joint venture with South Bay Partners to develop a $38.2 million independent living community in Katy,…
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    Philadelphia Business News - Local Philadelphia News | The Philadelphia Business Journal

  • Saxbys CEO talks coffee, Starbucks and the future

    Francis Hilario
    23 Jul 2014 | 11:48 am
    Saxbys CEO Nick Bayer said he wasn’t too big on coffee before he started the soon-to-be Center City-based coffee shop. In fact, he hated the stuff. But after a mutual friend introduced him to a local joint in Denver, Bayer took a gamble and left a consulting job to start his own company. So, after educating himself on coffee, emptying his savings account, and surviving a Chapter 11 bankruptcy in 2009, Bayer said he’s ready to keep growing in the Mid-Atlantic region, with nine new locations…
  • These tech jobs pay big bucks in Philadelphia

    Lauren Hertzler
    23 Jul 2014 | 11:14 am
    Not only are technology jobs in Philadelphia on the rise, but those with talent are making big bucks. And although it’s typical to make a high salary in the tech field, recent data shows salaries are increasing as demand goes up. For instance, an average chief technology officer in Philadelphia is making up to $218,000 per year. That’s a 9 percent increase from the same period last year. That's according to tech recruiting and resource provider Mondo, which recently issued a report on how…
  • Not guilty: Federal ticket-fixing trial verdict is in

    Wire Reports and NBC10.com staff
    23 Jul 2014 | 9:50 am
    All five former Philly Traffic Court judges were found not guilty on charges that they fixed tickets for friends and relatives. But a jury decided several of the defendants were guilty on other charges they faced. Ex-judges — Michael Sullivan, Michael Lowry, Robert Mulgrew, Thomasine Tynes and Willy Singletary — were cleared of the main charges against them. Sullivan, along with Chinatown court translator Robert Moy and Chester County magistrate judge Mark Bruno, were cleared of all charges…
  • Citizens Bank lures rivals to join health care industry banking team

    Jeff Blumenthal
    23 Jul 2014 | 8:57 am
    Citizens Bank has launched a health care practice banking group to serve local providers with medical, dental and eye care practices. The specialized banking group was introduced by the bank last year in New England and is now coming to Pennsylvania, New Jersey and Delaware. The group will serve health care professionals and practices in cash management, business loans and personal wealth management. To run the practice, Citizens has hired three local bankers with experience serving the medical…
  • Crozer-Chester and nurses union still divided on "major sticking points"

    John George
    23 Jul 2014 | 8:16 am
    Crozer-Chester Medical Center officials said some small progress is being made in negotiations with its nurses union on a new contract — but wages and pensions remain “big sticking points.” The Upland, Pa., hospital’s contract with its 600 registered nurses, represented by Pennsylvania Association of Staff Nurses and Allied Professionals, expired June 15. The union members have agreed to stay on the job during negotiations. Bill Cruice, executive director of PASNAP, said the union has…
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    Phoenix Business News - Local Phoenix News | The Business Journal of Phoenix

  • Zagat names 11 hottest Phoenix/Scottsdale restaurants

    Tim Gallen
    23 Jul 2014 | 2:47 pm
    What editors at the Thrillist get wrong about Phoenix’s burgeoning foodie culture, editors at Zagat get right. In a new list published this month, the venerable restaurant rating service ticks off 11 of the hottest restaurants in Phoenix and Scottsdale. As anybody who keeps up with the Phoenix foodie scene knows, the fare available around the Valley isn’t just a sea of chain restaurants – despite what the Thrillist may think. The fare available in the Valley of the Sun “has evolved into…
  • 'Heartless SOB' discharged from hospital without a human heart

    Angela Gonzales
    23 Jul 2014 | 2:07 pm
    Now that SynCardia Systems Inc. has been given clearance by the U.S. Food and Drug Administration to market its portable driver that powers the Tucson company's artificial heart, a New York patient finally gets to go home. Ronald Fontana, a 64-year-old retiree in New York, was discharged from University of Rochester's Strong Memorial Hospital with SynCardia's Freedom portable driver. Thanks to the FDA clearance for the power pack, Fontana gets to wait in the comfort of his own home for a matching…
  • Phoenix improving on Forbes 'Best Places for Business' list

    Emily Overholt
    23 Jul 2014 | 1:58 pm
    Phoenix is moving up in the world of Forbes rankings. The Phoenix metro area raked 56th on the magazine’s annual “Best Places for Business and Careers” list. The list looks at the 200 largest metropolitan areas in the U.S. and factors in job growth, costs, income growth, educational attainment, projected economic growth, migration patters, and cultural and recreational opportunities. The most weight is placed on business costs and educational attainment. Phoenix scored middle of the pack,…
  • Stubborn investors and falling comps: Why selling our Phoenix house is a hot mess

    Tim Gallen
    23 Jul 2014 | 12:33 pm
    Editor's note: Reporter Tim Gallen and his wife, who now live in Southern California, are trying to sell their home in Phoenix. He will be writing about the home-selling process in a series of blog posts on this site. This is the fourth entry. See the first here. See the second here. See the third here . When you’ve had your home on the market for a few months with nary a legitimate offer, you become a hair giddy when your Realtor calls saying some recent visitors to your house are in the process…
  • SurePayroll: Small-business hiring continues downward trend this month

    Tim Gallen
    23 Jul 2014 | 11:25 am
    Hiring at Phoenix’s smallest firms continued a downward trend last month that stretches back to April. For the fourth consecutive month, hiring at Phoenix small businesses decreased in July, according to the latest SurePayroll Small Business Scorecard. In July, hiring at Phoenix’s small businesses has dipped 0.4 percent. The Small Business Scorecard provides a monthly snapshot of hiring and paycheck trends at small businesses. Data is compiled from companies with one to 10 employees. The Phoenix…
 
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    Pittsburgh Business News - Local Pittsburgh News | The Pittsburgh Business Times

  • Amazon to open distribution center in former Roomful Express building

    Tim Schooley
    23 Jul 2014 | 2:27 pm
    Amazon.com plans to establish a distribution center of more than 200,000 square feet in the former Roomful Express building near Crafton. Nina Lindsey, a spokeswoman for the Seattle-based company, confirmed Amazon is establishing what it is calling a "sortation center" in the building, where it will take the remaining space in the 550,000-plus-square-foot facility, joining established tenant ModCloth. "The Amazon building at 2250 Roswell Drive in Pittsburgh is part of a new Amazon network of sortation…
  • New SEC regs require institutional investors to float NAVs

    Patty Tascarella
    23 Jul 2014 | 1:49 pm
    The U.S. Securities and Exchange Commission on Wednesday adopted new regulations requiring money market funds held by large institutions to float their net asset value instead of maintaining a stable $1 per share. The aim is to make the funds less vulnerable to runs during times of financial stress, such as the 2008 economic downturn, which could harm investors. Treasury, government and retail investors are not impacted by the new rules. Several years in the making, the regulations were bitterly…
  • People on the Move: Executive Level

    Melissa Pravlik
    23 Jul 2014 | 1:41 pm
    Accounting Stephen Spitz has been promoted to partner at Goff Backa Alfera & Co. LLC. He works in the audit and accounting department. Banking & Financial Services F. Thomas Gongloff has been promoted to vice president, business banking manager at Allegheny Valley Bank. JoAnn Rudolph has been promoted to vice president, commercial relationship manager at Allegheny Valley Bank. Health Care Dr. Matthew Masiello has been named chief medical officer and medical director of coordinated care services…
  • DOT proposes sweeping changes for railroad tankers

    Sam Kusic
    23 Jul 2014 | 1:40 pm
    The U.S. Department of Transportation on Wednesday proposed new rules that would phase out or require retrofits to the older DOT-111 railroad tank cars. The proposed rules also put into place a 40-mph speed limit and make permanent an emergency order requiring trains hauling 1 million gallons of crude oil from the Bakken shale fields to notify the states they’re running through. “Safety is our top priority, which is why I’ve worked aggressively to improve the safe transport of crude oil and…
  • PUC recommends emergency approval for Lyft, Uber

    Justine Coyne
    23 Jul 2014 | 1:36 pm
    The Pennsylvania Public Utility Commission's Bureau of Technical Utility Services is recommending that the commission approve emergency petitions that would allow Uber and Lyft to continue operating in Pittsburgh, according to the agenda for the PUC's July 24 meeting. The PUC commissioners can accept, reject or modify the bureau's recommendation at their next public meeting, scheduled for 10 a.m. Thursday in Harrisburg. The petitions from Lyft Inc. and Raiser PA LLC, a wholly owned subsidiary…
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    Portland Business News - Local Portland News | The Portland Business Journal

  • Urban planners predict how Portland may develop over the next 20 years

    Alli Pyrah
    23 Jul 2014 | 6:08 pm
    How will Portland develop over the next 20 years? Urban planners from Portland City Council have spent the last three years attempting to answer to that question. At a press briefing Wednesday, they shared their predictions for how Portland will take shape between now and 2035. The result of their efforts is a draft version of the 2035 Comprehensive Plan, which provides a framework for Portland's zoning codes, job creation, affordable housing, environmental stewardship and transportation. The…
  • Umpqua beats Q2 Wall Street targets, touts loan growth, credit quality

    Malia Spencer
    23 Jul 2014 | 2:50 pm
    Umpqua Holdings Corp., the parent company of Umpqua Bank, saw its net profit slide in the second quarter as it digests the acquisition of Sterling Financial. Yet its operating profit — the figure targeted by analysts — doubled in the quarter, easily surpassing Wall Street expectations. For the quarter ended June 30, Umpqua reported a net profit of $17.1 million, or 9 cents per share, compared to profit of $26.1 million, or 23 cents per share, a year ago. But it's operating profit — which…
  • Close-in Portland neighborhood set to welcome an $18M drug and alcohol rehab center

    Alli Pyrah
    23 Jul 2014 | 2:26 pm
    An $18 million drug and alcohol treatment center will open tomorrow in Northeast Portland's Boise neighborhood. Lifeworks NW, which provides treatment for mental health issues and addition, will open The Center for Hope and Recovery at 3650 N.E. Mallory Ave. The center includes Lifeworks NW's 36-bed project network and the 32-unit Home Forward Beech Street Apartments. The set-up will allow patients to transition from the treatment center to drug- and alcohol-free permanent housing within walking…
  • Cover Oregon could remain a state-federal collaboration in the future

    Elizabeth Hayes
    23 Jul 2014 | 2:07 pm
    The Cover Oregon board looks to be leaning toward remaining in some sort of partnership with the federal government in running its health insurance exchange. The board held a planning session Tuesday to discuss possible structures for the future of Cover Oregon, beyond 2015. The exchange is in the process of transferring to the federal government’s site for the next open enrollment period, starting in November. But Cover Oregon will retain responsibility for several functions and will keep the…
  • Oregon moms and dads: Here are 8 ways to keep your new college freshmen safe this fall

    Malia Spencer
    23 Jul 2014 | 1:30 pm
    In the wake of at least two high profile security breaches this week — one (possibly) at Goodwill Industries and another at the Wall Street Journal— Portland’s iovation is offering security tips to a very specific group of connected people. For teens heading off to college, and out of their parents’ house for the first time, the online security firm has some advice to stay safe online. “We understand how sophisticated fraudsters can be and everyone at iovation works hard to stop schemes…
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    Raleigh Business News - Local Raleigh News | The Triangle Business Journal

  • Why LinkedIn could be the next online dating site

    Rebecca Troyer
    24 Jul 2014 | 3:25 am
    Could LinkedIn be the place to find true love? At least one blogger at Inc. seems to think so. Citing LinkedIn's 300 million-user network, the important information contained in individual profiles and the ability through LinkedUp to filter by age, industry and location, the Inc. piece suggests that trust plays a role: "Having even a remote connection between two users increases credibility and helps users feel safe meeting one another in the real world." Then again, there's always the water cooler.
  • Duke sells former 'lacrosse house' site for $100K

    Rebecca Troyer
    24 Jul 2014 | 3:15 am
    Duke University has sold the site of the former "lacrosse house" on North Buchanan Boulevard in Durham for $100,000, according to property records. Building permits have been filed for a new two-story, four- or five-bedroom residence, reports the Herald-Sun. The purchaser is listed as University City LLC. The former "lacrosse house," which was demolished in 2010, was the site of a party hosted by tenants who were captains on Duke's 2005-06 men's lacrosse team. Rape charges that later turned out…
  • Health insurers to rebate $8.5M thanks to Obamacare

    Jason deBruyn
    23 Jul 2014 | 9:01 pm
    North Carolinians will receive $8.5 million in health insurance rebates, thanks to a portion of Affordable Care Act that is now in its third year. In addition to the employer and individual mandates, the Affordable Care Act, also referred to as Obamacare, established several other rules. One such rule requires health insurers to spend at least 80 percent of all premiums collected on medical care or activities to improve health care quality. In large group markets – generally those insurance plans…
  • Biogen can thank RTP for soaring stock price

    Jason deBruyn
    23 Jul 2014 | 3:25 pm
    Biogen Idec received approval Wednesday to market a multiple sclerosis drug in Europe, a significant milestone for the drug company and for its Research Triangle Park operations. Biogen (Nasdaq: BIIB) also announced financial results Wednesday that beat estimates; the news events helped send the share price up nearly $34 - 11 percent - to more than $337. Called Plegridy, the MS drug will be manufactured in Biogen’s Research Triangle Park facility. In May, Biogen submitted an application with…
  • As Advair sales decline, GSK looks to transition Zebulon to new products

    Jason deBruyn
    23 Jul 2014 | 2:29 pm
    As drug giant GlaxoSmithKline enters a time of transition, the manufacturing facility in Zebulon will go along for the ride. The culprit for the change comes in respiratory drug Advair, which is manufactured by GSK (NYSE: GSK) in Zebulon. Its U.S. sales declined 24 percent in the second quarter to $1.7 billion. The decline was attributable not only to lower volumes, but also a decline in price and mix as competition heats up from generics. Worldwide sales for Advair (also marketed as Seretide) were…
 
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    Sacramento Business News - Local Sacramento News | The Sacramento Business Journal

  • Obamacare ruling could affect employer mandate, local broker says

    Kathy Robertson
    23 Jul 2014 | 2:49 pm
    A federal court decision Tuesday that throws into question government subsidies provided through the federal insurance exchange doesn’t affect California directly, but it could have an impact on Affordable Care Act funding through employer fines, a local insurance broker says. If the subsidy no longer exists, the trigger for fines on employers whose workers qualify for those subsidies is gutted, said Carolyn Lewis, a spokeswoman for the Sacramento Association of Health Underwriters. The employer…
  • Governor to use Mexico trip to expand trade, clean technologies

    Allen Young
    23 Jul 2014 | 2:39 pm
    Gov. Jerry Brown detailed plans for an upcoming three-day trip to Mexico City to build trade partnerships and expand on industries that address climate change. For example, the governor said he would like to focus on the exchange of energy between California and Baja California, Mexico. State government can “remove barriers and provide a framework of encouragement to business” for trade of goods and services,” the governor told reporters after making remarks at a Wednesday luncheon hosted…
  • Park to benefit from north Sacramento housing project

    Ben van der Meer
    23 Jul 2014 | 2:30 pm
    A developer planning a new community in North Sacramento is looking at making a nearby park an attractive amenity for current and future residents. Sally Galli of New Faze Development said the effort to improve Dixieanne Park, at 2415 Evergreen St., began with the company’s interns but is also part of the company’s overall mission. “New Faze has completely made the focus to help communities and not just build communities,” Galli said. “We want to make sure they really integrate with what’s…
  • Cal Expo police arrest identity theft suspect in south Sacramento

    Mark Anderson
    23 Jul 2014 | 2:17 pm
    The Cal Expo Police Department made an arrest Tuesday in south Sacramento on a man who allegedly made unauthorized charges on credit cards. A victim of identity theft discovered at the California State Fair that unauthorized charges had been made on a credit card. Those charges were not made at the fair, but fair police began investigating. “I can’t comment further on how Cal Expo police got involved,” said Lara Popyack, spokeswoman with the fair. “The police did an incredible investigation.” The…
  • Turning Point steps up on residential mental health crisis care

    Kathy Robertson
    23 Jul 2014 | 2:05 pm
    Turning Point Community Programs wants to provide additional mental health residential crisis care in Sacramento County. The nonprofit, which already runs the one county-funded program of this type in the region, was the one group to submit a letter of interest before the July 18 deadline. There’s $19.9 million in new state mental health funding available for crisis residential treatment services in the Central Valley, thanks to Senate Bill 82 by outgoing Sen. President Pro Tem Darrell Steinberg.…
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    St. Louis Business News - Local St. Louis News | The St. Louis Business Journal

  • Town & Country man admits faking Wal-Mart real estate deal

    Greg Edwards
    23 Jul 2014 | 2:36 pm
    Ronald Roberts, 54, of Town & Country, pleaded guilty in federal court in St. Louis to a million-dollar loan fraud scheme. He solicited personal loans for property in the Poplar Bluff area for a nonexistent real estate transaction, according to court documents. As part of the scheme, Roberts claimed that he planned to sell the property to Wal-Mart, which in reality was not involved at all, according to the U.S. Attorney’s Office for the Eastern District of Missouri. Roberts, who pleaded guilty…
  • After losing big, Michael Roberts resurfaces to offer ‘secrets to success’

    Jacob Kirn
    23 Jul 2014 | 12:57 pm
    One of the Roberts brothers, high-profile developers and former St. Louis aldermen who lost numerous downtown properties and broadcasting assets in recent years, has resurfaced. In a July 16 interview with Ebony Magazine, about money management called “The Millionaires’ Master Class,” Michael Roberts says he’s currently overseeing a $2 million “luxury renovation” of the Roberts Riverwalk Hotel and Conference Center in Detroit, part of assets totaling more than $225 million that he and…
  • Watch this ‘St. Louis Character’ on reality TV tonight

    Kelly Moffitt
    23 Jul 2014 | 12:32 pm
    Last week’s print edition of the St. Louis Business Journal chronicled a “black American prince”, Jason Wilson, the owner of Northwest Coffee & Roasting as well as Chronicle Coffee, as our “St. Louis Character.” Tonight, you can watch him and several other St. Louisans on reality television with Lifetime’s “BAPS,” or Black American Princesses (and Princes). The show, which premieres at 9 p.m. central time, is a docu-series that “pulls back the curtain on an exclusive, privileged…
  • Bankers send Congress a visual tutorial on crush of regulations

    Greg Edwards
    23 Jul 2014 | 12:22 pm
    U.S. bankers are inundating Congress with an infographic detailing the burdens that federal regulation have imposed. Among the revelations: - A $70 million bank in Kansas has dedicated 3.5 of 25 employees — 15 percent — to compliance. - Six percent of community banks have discontinued residential lending, and an additional 9 percent anticipate they will. - Federal Reserve Governor Elizabeth Duke said “hiring one additional employee would reduce the return on assets by 23 basis points for…
  • IRS publishes new Streamlined Domestic Offshore Procedures

    Doug Eckert
    23 Jul 2014 | 12:12 pm
    In a recent article in this space, I addressed the Foreign Bank Account Report (FBAR) and the impending impact of FATCA being fully implemented. The main message of that article was that foreign account holders who had not previously reported their foreign accounts needed to take action prior to the IRS obtaining the account information through FATCA. The Offshore Voluntary Disclosure Initiative (OVDI), while designed to allow non-reporting foreign account holders to come forward, had such an onerous…
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    San Antonio Business News - Local San Antonio News | The San Antonio Business Journal

  • My Plates secures more than $25 million in specialty plate revenue for Texas

    W. Scott Bailey
    23 Jul 2014 | 2:35 pm
    The decision by the State of Texas to team up with License Plates of Texas LLC has paid big dividends. The vendor, which operates as My Plates, says it has met the company’s contracted revenue obligation to the State of $25 million — four months ahead of schedule. In November 2009, My Plates was awarded a contract by the Texas Department of Motor Vehicles to market and sell specialty plates in the Lone Star State. The contract was authorized by the Texas Legislature as a way to raise money…
  • Forbes ranks San Antonio among best places to do business

    W. Scott Bailey
    23 Jul 2014 | 1:56 pm
    Do you own a small business in San Antonio? Maybe you are the CEO of a major corporation, searching for a place to relocate or expand your company. If you are the former, grab a margarita and celebrate the fact that their are far worse places in which to set up shop. If you are the latter, the economic development folks in San Antonio will may pick up the tab for the margaritas if you give them a moment to pitch the merits of doing business in the nation’s seventh largest city. That pitch should…
  • Construction commences on new SSFCU branch

    Tricia Lynn Silva
    23 Jul 2014 | 1:07 pm
    Security Service Federal Credit Union has broken ground on a new freestanding branch at 6907 North Loop 1604 East. The facility will be in proximity to SSFCU’s former site at Rolling Oaks Mall. The new SSFCU facility will feature 4,800 square feet of interior space, seven private offices, four drive-thru lanes and a drive-up ATM. “ Developing this new branch allows us to provide greater visibility and easier access, as well as bring to members the added convenience of drive thru lanes and a…
  • RBFCU’s assets top the $6 billion mark

    James Aldridge
    23 Jul 2014 | 12:17 pm
    Randolph-Brooks Federal Credit Union (RBFCU) has hit not one, not two but three major milestones this year. Live Oak, Texas-based RBFCU has crossed the $6 billion in assets mark. The credit union hit the $1 million mark in eDeposits and it added more than 40,000 new members just this year alone. And RBFCU could be poised to grow its asset base even further. In May, the lender announced that it has broken ground on its first branch locations in the Dallas area. By the end of the year, RBFCU will…
  • Kohl’s to hire approximately 500 employees for San Antonio call center

    Tricia Lynn Silva
    23 Jul 2014 | 12:13 pm
    Menomonee Fall, Wis.-based retailer Kohl’s Department Stores is once again expanding its workforce in San Antonio. Between August and November, the company plans to hire approximately 500 people for full-time seasonal employment. The employees will be located at the retailer’s Customer Service Operations Center at 10000 Rogers Run Boulevard on the far West Side. Employment will last through January 2015. There is, however, the potential for positions to become permanent. The announcement…
 
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    San Francisco Business News - Local San Francisco News | The San Francisco Business Times

  • San Francisco landlords sue to stop ‘oppressive’ renter relocation payments

    Eric Young
    24 Jul 2014 | 12:01 am
    San Francisco property owners are fighting back against a new ordinance requiring them to make payments that can reach into the hundreds of thousands of dollars when they displace tenants. The San Francisco Apartment Association and Coalition for Better Housing said they will file a federal lawsuit today seeking to halt a city law, sponsored by Supervisor David Campos, that passed last April. Campos’ relocation payment law calls for property owners to pay renters evicted under the state Ellis…
  • Tech startups for hard goods flock to Dogpatch for warehouse

    Patrick Hoge
    23 Jul 2014 | 2:57 pm
    Like many technology entrepreneurs, Good Eggs co-founder and CEO Rob Spiro did not have a fully formed business plan in 2011 when he set about building a platform to make it easier for urban dwellers to buy fresh food from local farms and ranches. Very quickly, however, Spiro found himself at the center of a growing logistics operation handling physical products, not just digits on the inter-webs. So in April he moved the company from San Francisco’s Mission District to a 10,000-square-foot warehouse…
  • Airbnb might finance retirement, Bank of America's Merrill Lynch tells clients

    Mark Calvey
    23 Jul 2014 | 2:50 pm
    Retired boomers might be hosting house guests to make ends meet in retirement. At least that's a prediction from Ken Dychtwald, an expert on aging who spoke to a Merrill Lynch client gathering in San Francisco Tuesday evening. Dychtwald says just two years ago he would have predicted that boomers would turn to reverse mortgages to tap the substantial equity locked in their homes. But Bank of America, (NYSE: BAC) Wells Fargo (NSYE: WFC) and other major players have exited the reverse-mortgage business,…
  • Berkeley's bags second Whole Foods

    Annie Sciacca
    23 Jul 2014 | 2:30 pm
    More than 20 years after Berkeley’s first Whole Foods Market opened, the city is getting its second, due to arrive Nov. 4. The health food-focused grocery will open a 47,800-square-foot complex at 10 th and Gilman Streets, making it Northern California’s 41 st Whole Foods outpost. The grocery chain’s other Berkeley store is at Telegraph and Ashby Avenues. According to documents submitted to Berkeley, 31,000 square feet of the location will be used for the grocery store. Also, there will be…
  • Ferry Plaza Seafood will re-open in North Beach

    Annie Sciacca
    23 Jul 2014 | 2:23 pm
    After spending a decade in the Ferry Building as one of its original, post-restoration tenants, Ferry Plaza Seafood will reopen in North Beach next week. On July 28, the seafood restaurant will reopen at 653 Union Street with a new — still seafood-centric — menu, a beer and wine list, plus an expanded offering of oysters. Although it is no longer located at the waterfront landmark, the restaurant will keep its name. The menu will be headed up by executive chef Joey Ng, previously the sous…
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    San Jose Business News - Local San Jose News | The Silicon Valley / San Jose Business Journal

  • KineMed pulls the plug on biotech IPO plans

    Cromwell Schubarth
    23 Jul 2014 | 4:29 pm
    KineMed on Wednesday officially shelved plans to go public, about a month after it had been expected to raise up to $41 million. The Emeryville company led by CEO David Fineman was unable to find enough buyers for his shares, which had been expected to sell for between $6.50 and $7.50. Kinemed develops biomarkers used by pharmaceutical companies in drug development. Its revenue rose nearly 37 percent to about $7 million between 2012 and 2013. But it showed a 16 percent year-to-year drop to $1.4…
  • Obama, in Silicon Valley to fundraise, attracts Net Neutrality protesters

    Vicki Thompson
    23 Jul 2014 | 3:03 pm
    President Barack Obama visited Los Altos to raise funds from technology company executives and found himself sought out by protesters who oppose a proposal to end Net Neutrality by letting Internet access companies charge content companies more for faster data speeds. The protest, organized by MoveOn.org, attracted about 75 attendees. More than 1 million people have provided comments to the Federal Communications Commission on its so-called "Open Access" proposal. (Edited by: Baumann)
  • Fremont approves new 'innovation district' plan around BART station, Tesla Motors

    Nathan Donato-Weinstein
    23 Jul 2014 | 2:52 pm
    Plans to transform the area around the new Warm Springs BART station and Tesla Motors Inc. factory into a mixed-use "innovation district" received a major boost on Tuesday as Fremont City Council members approved a new planning document that spells out land-use and design guidelines for the 879-acre zone. A decade in the making, the Warm Springs/South Fremont Community Plan allows for a mix of residential, office, industrial and retail uses in the area, which had previously been zoned for heavy…
  • YouTube's paid music service project set back again as Chris LaRosa quits

    Sarah Drake
    23 Jul 2014 | 2:50 pm
    Chris LaRosa, head of YouTube Inc.’s music unit and the person behind the company’s efforts to launch a music subscription service, is leaving to join an undisclosed startup. He is the second person to leave the company’s music service within the last year — Nikhil Chandhok, head of music, paid subscriptions and live streaming, left last fall, the Wall Street Journal reported. LaRosa’s exit marks another setback for the proposed subscription project conceived about a year ago to compete…
  • Google buys 3-D graphics firm drawElements for about $10M

    Sarah Drake
    23 Jul 2014 | 2:47 pm
    Google Inc. has agreed to buy Finland-based 3-D graphics company drawElements, the creators of a graphics test that device makers use to make their software compatible with the Android operating system, the New York Times reported. The Mountain View-based company will roll the drawElements team and its technology into a program used by developers to enhance their products for Android. The deal comes as Google looks to improve its mobile Android software and bring in fresh talent to boost its businesses. The…
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    Seattle Business News - Local Seattle News | The Puget Sound Business Journal

  • F5's profits shoot up 17 percent, boosted by its tiered pricing model

    Rachel Lerman
    23 Jul 2014 | 4:52 pm
    Seattle-based networking company F5 Networks Inc. reported a 17 percent increase in profits during its third quarter. Profits increased to $79.5 million, up from $68.2 million year over year. “We’re in a good place in a lot of the trends that are happening, such as the cloud and security,” CEO John McAdam said. The company’s revenue grew 19 percent from the previous year, to $440.3 million. The growth was boosted by the company’s tiered pricing strategy, the “Good, Better, Best”…
  • Efficiency gains drive unprecedented run of airplane sales

    Steve Wilhelm
    23 Jul 2014 | 2:54 pm
    Fuel-saving technologies are driving an unusually consistent demand for new aircraft, in a pattern Boeing hasn’t seen since the 1950s. That’s the message from Boeing CEO Jim McNerney, who highlighted the strong flow of recent orders for fuel-efficient new planes. This is a departure from the ups and downs of aircraft orders that became the norm in recent decades. The pressure to upgrade aircraft has been so strong in the last few years that many aircraft are being replaced long before the…
  • Just like that, 9 office buildings are for sale in Seattle area

    Marc Stiles
    23 Jul 2014 | 2:46 pm
    Walton Street Capital is selling a large group of office buildings in the Puget Sound region, company spokesman Eric Mogentale said Wednesday. Mogentale declined to provide additional information, including details about the size of the portfolio. Sources who asked not to be named said Walton Street is selling nine properties totaling just over 2 million square feet. That's a large chunk of property going on the market at once. Among the properties Walton Street is selling are three high rises…
  • Boeing: We can fix Air Force tanker problems without new technology

    Steve Wilhelm
    23 Jul 2014 | 2:27 pm
    Boeing’s absorbing a $272 million charge for fixing problems with the KC-46 air tanker's wiring harness, but executives say the program’s long-term promise is undiminished. “With up to 400 airplanes worth $80 billion, it remains a franchise program for Boeing,” said Boeing CEO Jim McNerney, during the second quarter conference call with analysts and media people Wednesday. “We expect to realize strong returns over decades of production and in service support.” In the call, McNerney…
  • McNerney: More robots will build more Boeing aircraft in future

    Steve Wilhelm
    23 Jul 2014 | 1:51 pm
    Robots will likely be building more Boeing aircraft in future years. During the second quarter earnings call with analysts Wednesday, Boeing Co. CEO Jim McNerney said the recently announced plan to automate assembly of the 777 fuselage is just the start. “I think it’s safe to say that over time we would anticipate expanding that capability,” he said in response to a question about other aircraft models. McNerney said the automation drive is intended to accomplish three things: increasing…
 
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    South Florida Business News - Local South Florida News | The South Florida Business Journal

  • Bankruptcy: Office condo owner files Chapter 11 to halt foreclosure auction

    Brian Bandell
    23 Jul 2014 | 2:02 pm
    The upcoming foreclosure auction of 14 office condos in Coral Springs was halted after their owner filed Chapter 11. PNC Bank recently won a $7 million foreclosure judgment against Lauren Enterprises, along with managing members Ricardo M. Pedrosa and Sharon Pedrosa. It concerned a $3.77 million mortgage originally issued by RBC Bank, which was later acquired by PNC Bank. The 14 units in Whispering Woods Center at 7351 Wiles Road were set for online auction Oct. 7. RELATED CONTENT: Foreclosures:…
  • B/E Aerospace second quarter net income, revenues rise

    Katie Arcieri
    23 Jul 2014 | 1:37 pm
    Net income and revenue rose in the second quarter for aircraft cabin maker B/E Aerospace, a Wellington-based company. B/E's (NASDAQ: BEAV) net income reached $108.6 million in the second quarter, up 17.5 percent from $92.4 million in the year-ago period. Revenues rose to $1.09 billion, up 28.1 percent compared with $850.3 million in the second quarter of 2013. B/E's second quarter performance was buoyed by growth in the company's commercial aircraft segment, which grew 25.5 percent; its consumable…
  • Beacon Council partners with universities to boost internships, skilled workers

    Brian Bandell
    23 Jul 2014 | 12:00 pm
    The Beacon Council announced several new programs to support emerging workers at its One Community One Goal meeting on Wednesday. The Talent Development Network was launched as a collaboration with local universities to support more internships in Miami-Dade County. The program has raised $260,000 so far, including grants of $100,000 each from the Miami Foundation and the Helios Education Foundation. Florida International University President Mark B. Rosenberg, who chairs the Academic Leaders Council…
  • Regulators accuse Palm Beach County law firm of ‘scamming’ distressed homeowners

    Brian Bandell
    23 Jul 2014 | 11:45 am
    A North Palm Beach-based law firm was placed into receivership and had its accounts frozen after regulators accused it of “scamming” distressed homeowners. Florida Attorney General Pam Bondi and the federal Consumer Financial Protection Bureau filed a joint lawsuit in U.S. District Court against Hoffman Law Group, attorney/owner Marc Hoffman and two non-attorneys who managed the business, Michael Harper and Benn Wilcox. The law firm reached out to distressed homeowners with promises of mortgage…
  • Forbes ranks South Florida cities among top spots in U.S. for business, careers

    Emon Reiser
    23 Jul 2014 | 11:31 am
    West Palm Beach was listed above all other South Florida cities on a Forbes ranking of best places for business and careers in the U.S. West Palm Beach ranked No. 54, having also made Forbes lists for one of the best places for education (No. 55), job growth (No. 105) and the cost of doing business (No. 142). Fort Lauderdale came in nearly 50 places after at No. 102. The city was listed No. 87 in Forbes' education list, No. 125 on the job growth list and No. 143 on the list ranking cities' costs…
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    Tampa Business News - Local Tampa News | The Tampa Bay Business Journal

  • Man pulls same scam on Apple 42 times, nets $310K, now faces prison

    24 Jul 2014 | 3:53 am
    A Tampa man is accused of scamming nearly $310,000 from Apple. Sharron Laverne Parrish Jr., 24, is accused in a Secret Service criminal complaint of wire fraud in 16 states to rack up the total, the Tampa Bay Times said. According to the complaint, Parrish first bought items worth $7,753 at an Apple store. When his card was declined he made a fake call to his bank and gave the store clerk a made up authorization code that supposedly overrode the decline. It worked and Parrish is accused of doing…
  • Sarasota’s Grain Management waiver from FCC raises eyebrows

    24 Jul 2014 | 3:50 am
    A Sarasota man who was a major campaign donor to President Barack Obama is facing tough questions after he received what some are calling preferential treatment by the Federal Communications Commission. David Grain, through his private equity firm Grain Management LLC, was granted a waiver from the FCC that may allow him to bid on airwaves auctions, Bloomberg News said. Grain Management might not have otherwise qualified for benefits set aside for small businesses because it leases airwaves to…
  • St. Petersburg to put $1M back in the rainy day fund

    24 Jul 2014 | 3:43 am
    In a new budget proposed by Mayor Rick Kriseman, St. Petersburg will place $1 million in its reserve fund. This would mark the first time in seven years that money has been put back into the fund and will raise its balance to about $40 million, the Tampa Bay Times said. City budget director Tom Greene said the move will improve the city’s standing with credit-rating agencies which will be important when it looks to borrow money for projects like a new Pier or a new police station, the Times said. The…
  • Insurers returning millions to Floridians for missing Obamacare benchmark

    Salem Solomon
    24 Jul 2014 | 3:39 am
    Health insurers will be refunding nearly $41.7 million to Florida customers due to a provision in the Affordable Care Act. The Medical Loss Ratio rule also known as the 80/20 rule requires that insurers spend at least 80 percent of all premium dollars on patient care and quality improvement, according to a statement by the U.S. Department of Health and Human Services. If insurers spend more than 20 percent on profits and overhead, they must refund the difference to customers. This year, the average…
  • More than half of Tampa Bay health care workers lack bachelor's degree

    Jo-Lynn Brown
    24 Jul 2014 | 3:30 am
    In the three metro areas in Tampa Bay, more than half of the health care workforce has an associate's degree or less, according to a new report by the Brookings Metropolitan Policy Program. The Lakeland-Winter Haven area had the largest percentage, 59 percent, of health care workers with an associate's degree or less. North Port-Bradenton-Sarasota had 54 percent and Tampa-St. Petersburg-Clearwater had 53 percent. The report, the first metro-level analysis of health care workforce education, found…
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    Washington, D.C. Business News - Local Washington, D.C. News | The Washington Business Journal

  • Home of the Day: Custom Built Home

    Long & Foster Luxury Homes, Exclusive Christie's International Affiliate
    24 Jul 2014 | 3:42 am
    By Laurie Mensing, Agent Home of the Day is a new feature presented by the Washington Business Journal with Long & Foster and Christie's International Real Estate. This is your invitation to view some of the D.C.'s most-luxurious properties. Come inside and take a look around. Click on the gallery image to view today's featured property. 729 Lawton Street, McLean, VA 22101 | $2,281,000 This exceptional offering is for the family that wants to fully live and enjoy their home. Completely remodeled…
  • Level 2 Development buys development site near Union Market

    Daniel J. Sernovitz
    24 Jul 2014 | 3:40 am
    Level 2 Development, part of the team working with Edens to remake part of the 45-acre Union Market in Northeast D.C., is spreading out with plans to redevelop another site nearby. An affiliate of Level 2, 320 Florida Owner LLC, bought the Burger King site at 320 Florida Ave. NE July 22 for about $8.8 million. It picked up the property from Lionstone Investments, a Texas-based real estate investment trust that had owned it since 2006. L2 Principal David Franco confirmed the deal but said it is…
  • Scenes from the groundbreaking of the Trump International Hotel at the Old Post Office (Video)

    Jennifer Nycz-Conner
    24 Jul 2014 | 3:32 am
    Team Trump was back in town Wednesday to break ground on its new Trump International Hotel, the luxury hotel emerging from the Old Post Office on Pennsylvania Avenue NW. As it is with high-profile groundbreakings in our area, there was no shortage of politicians, business people or golden shovels. The only group that may have been better represented was the media. The stands set up for the media made the scene look more like a movie premiere than a real estate event. Key players in the deal spoke…
  • Access National Bank will ring today's NASDAQ closing bell

    Mark Holan
    23 Jul 2014 | 9:01 pm
    Access National Bank President and CEO Michael Clarke and will ring the ceremonial closing bell on the NASDAQ Global Market at 4 this afternoon. He will be joined by other managers and board members of parent company Access National Corporation (NASDAQ: ANCX) in marking the 10th anniversary of the company's common shares trading on the exchange. "We will have a board meeting first and then do the ceremony," Clarke told me during his Wednesday afternoon train ride to New York City. The ceremony…
  • Funding challenges aside, D.C. presses forward with streetcar studies

    Michael Neibauer
    23 Jul 2014 | 2:47 pm
    The D.C. Department of Transportation will permanently move four streetcar vehicles to the H Street/Benning Road NE corridor in advance of the line opening — well, sometime. While the H Street line will launch, perhaps as soon as this fall, the future of the proposed 22-mile D.C. streetcar network is in doubt, given the D.C. Council’s decision to slash its capital funding. Mayor Vincent Gray has claimed that the council's budget vote will delay the streetcar until 2045 and increase costs by…
 
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    Wichita Business News - Local Wichita News | The Wichita Business Journal

  • How Spirit AeroSystems gives the Boeing 787 its start

    Daniel McCoy
    23 Jul 2014 | 2:03 pm
    The largely composite 787 Dreamliner was a major leap in manufacturing for the Boeing Co., and Wichita’s Spirit AeroSystems Inc. has come right along with it. CNET went behind the scenes of the 787 work at Spirit(NYSE: SPR) as part of its Road Trip 2014 series, taking a look at how the company builds the forward fuselage and other components of the Dreamliner. From Spirit’s “clean room” to its massive autoclave, when the company is done with the forward fuselage that section is ready to…
  • Innovation center central focus on WSU president’s funding proposal

    Josh Heck
    23 Jul 2014 | 12:56 pm
    If John Bardo gets his wish for additional state funding, the Wichita State University president will have $12 million at his disposal to use for the construction of an innovation center. Bardo detailed more about his plans for that center on Tuesday when he made a pitch to the Kansas Board of Regents requesting approval for $31.7 million in funding priorities for the university in fiscal years 2016 and 2017. The center would be part of a larger innovation campus that Wichita State is planning…
  • Wichita State lands $700,000 nursing grant from Health and Human Services Department

    Josh Heck
    23 Jul 2014 | 12:32 pm
    The U.S. Department of Health and Human Services has awarded Wichita State University a two-year grant worth nearly $700,000 to provide financial assistance to students working toward advanced nursing degrees. The funding is intended to encourage more people to go into primary care fields of medicine. The grant — totaling $697,515 — will be used to provide financial assistance to 15 nurse practitioner students who are working toward an advanced nursing degree at Wichita State. Full-time students…
  • Wichita State modifies parking plan amid student concerns

    Josh Heck
    23 Jul 2014 | 12:25 pm
    Wichita State University has modified its parking plan for the 2014-2015 school year. The university says it is modifying its plan, first announced on July 17, based on student feedback. Starting Aug. 11, parking permits will be required for WSU students, faculty and staff who want to park on campus. Visitors to campus will park in designated spaces. The modified plan calls for the creation of a fall-only permit option to accommodate graduating students and others not returning for the spring…
  • Airbus A350-800 loses more orders

    Daniel McCoy
    23 Jul 2014 | 12:22 pm
    Airbus’ A350-800 was dealt another blow this week when Hawaiian Airlines switched an order for the aircraft to the company’s new A330-800neo. According to a report from Aviation Week, that trims Airbus’ book to 28 firm orders for its smallest version of the A350 XWB. CEO Fabrice Bregier said last week at the Farnborough International Airshow that the company felt the A330neo — which was launched at the airshow — was a “more efficient solution.” It’s widely thought that the program…
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