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  • Columbus McKinnon to celebrate 175 years by ringing closing bell

    National Business News - Local Business News | bizjournals
    3 Jul 2015 | 9:37 pm
    One of the Buffalo area’s oldest manufacturers will mark its 175th anniversary by closing the NASDAQ market on Monday, July 7. Columbus McKinnon Corp. has been invited to Times Square to mark the occasion. Timothy Tevens, the company’s chief executive officer, will ring the closing bell at 4 p.m. Headquartered in Amherst, Columbus McKinnon (NASDAQ: CMCO) designs, manufactures and markets material handling products and systems. The business employs more than 2,700 workers at its various locations.
  • Study this week’s I Spy St. Louis puzzle closely

    Business News from the Midwest - bizjournals.com
    Veneta Rizvic
    3 Jul 2015 | 11:00 am
    Another week of I Spy St. Louis comes to an end, and now it’s time for us to start a new puzzle. But before we get to the new puzzle, I just want to point out one more time that we were able to get to the third clue before we got a correct answer this time! That’s the first time we’ve had that happen since we started the I Spy St. Louis series 11 weeks ago. But back to our new puzzle — we’re taking you back to the downtown St. Louis area, not because we’re lazy, but because we think…
  • Which Seattle neighborhood drinks the most craft beer? Drizly reveals alcohol trends

    Bizjournals.com Northwest RSS Feed
    Emily Parkhurst
    3 Jul 2015 | 7:37 am
    The neighborhood in Seattle that loves craft beer the most? You guessed it. Ballard. The online alcohol delivery company Drizly, which has been delivering alcohol in Seattle for a little less than a year, has parsed the numbers for alcohol trends throughout the city, and it’s revealed some interesting data. People in Greenlake, for example, love Ketel One vodka. In fact, Greenlake is the thirstiest city in Drizly’s coverage area, ordering more alcohol than any other neighborhood. People in…
  • In surprise move, Planning Commission may seek to halt some Mission housing

    Business News from Southwest US - bizjournals.com
    Cory Weinberg
    3 Jul 2015 | 3:21 pm
    The Planning Commission will vote next week whether it should decide on one of San Francisco’s most contentious policy debates: whether market-rate apartment and condominium projects should continue to get built in the Mission District. With a similar measure heading toward November’s ballot after the Board of Supervisors rejected a market-rate moratorium last month, the Planning Commission’s entrance into the debate is unexpected. It would be the first time the body has initiated a debate…
  • Columbus McKinnon to celebrate 175 years by ringing closing bell

    Business News from the Northeast US - bizjournals
    3 Jul 2015 | 9:37 pm
    One of the Buffalo area’s oldest manufacturers will mark its 175th anniversary by closing the NASDAQ market on Monday, July 7. Columbus McKinnon Corp. has been invited to Times Square to mark the occasion. Timothy Tevens, the company’s chief executive officer, will ring the closing bell at 4 p.m. Headquartered in Amherst, Columbus McKinnon (NASDAQ: CMCO) designs, manufactures and markets material handling products and systems. The business employs more than 2,700 workers at its various locations.
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  • Columbus McKinnon to celebrate 175 years by ringing closing bell

    3 Jul 2015 | 9:37 pm
    One of the Buffalo area’s oldest manufacturers will mark its 175th anniversary by closing the NASDAQ market on Monday, July 7. Columbus McKinnon Corp. has been invited to Times Square to mark the occasion. Timothy Tevens, the company’s chief executive officer, will ring the closing bell at 4 p.m. Headquartered in Amherst, Columbus McKinnon (NASDAQ: CMCO) designs, manufactures and markets material handling products and systems. The business employs more than 2,700 workers at its various locations.
  • Solar Impulse 2 landing in Hawaii highlights state’s renewable energy goals: Slideshow

    Janis L. Magin
    3 Jul 2015 | 4:11 pm
    Solar Impulse 2 made its first U.S. landing Friday in Hawaii, an event that highlights the state’s goals to create a clean energy sector that has “tremendous economic potential,” the head of the State Energy Office said after the solar-powered aircraft touched down at Kalaeloa Airport in West Oahu. The Swiss-made Solar Impulse 2 landed at Kalaeloa Airport in West Oahu shortly after sunrise Friday morning after flying for five days from Nagoya, Japan, the longest leg in its around-the-world…
  • In surprise move, Planning Commission may seek to halt some Mission housing

    Cory Weinberg
    3 Jul 2015 | 3:21 pm
    The Planning Commission will vote next week whether it should decide on one of San Francisco’s most contentious policy debates: whether market-rate apartment and condominium projects should continue to get built in the Mission District. With a similar measure heading toward November’s ballot after the Board of Supervisors rejected a market-rate moratorium last month, the Planning Commission’s entrance into the debate is unexpected. It would be the first time the body has initiated a debate…
  • Aetna buying Humana, creating second-largest health plan in nation

    Angela Gonzales
    3 Jul 2015 | 2:53 pm
    Aetna Inc. (NYSE: AET) plans to acquire Humana Inc. (NYSE: HUM) for $37 billion, a deal that is expected to take about a year to complete. At that time the combined operation of more than 33 million health plan members and $115 billion in annual revenue will be the second-largest managed care plan in the nation after only UnitedHealth Group. But it will be the largest provider of Medicare Advantage plans for seniors. Tom Noland, senior vice president of corporate communications of Humana, said…
  • U.S. Court of Appeals says Apple did conspire to fix prices on eBooks

    Monica Mendoza
    3 Jul 2015 | 2:25 pm
    The U.S. Court of Appeals for the Second Circuit affirmed that Apple Inc. conspired with several publishers to set prices on eBooks. The court rejected Apple Inc.’s challenge to the ruling in State of Texas, et al. v. Penguin Group (USA) Inc., et. al. Instead, the appellate court affirmed the lower court’s finding that Cupertino, California-based Apple (NASDAQ:AAPL) conspired with several publishers to set prices on eBooks, an agreement that raised prices for consumers. Colorado was one of…
 
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    Business News from the Midwest - bizjournals.com

  • Study this week’s I Spy St. Louis puzzle closely

    Veneta Rizvic
    3 Jul 2015 | 11:00 am
    Another week of I Spy St. Louis comes to an end, and now it’s time for us to start a new puzzle. But before we get to the new puzzle, I just want to point out one more time that we were able to get to the third clue before we got a correct answer this time! That’s the first time we’ve had that happen since we started the I Spy St. Louis series 11 weeks ago. But back to our new puzzle — we’re taking you back to the downtown St. Louis area, not because we’re lazy, but because we think…
  • Delta's unretired NWA Boeing 747 makes emergency landing in Ireland

    Jim Hammerand
    3 Jul 2015 | 9:49 am
    The ex-Northwest Airlines Boeing 747 that was unretired by Delta Air Lines Inc. this week made an emergency landing due to a smoke alarm Friday. Delta Flight 73 from Amsterdam to Atlanta diverted to Ireland's Shannon Airport and landed without incident or any injuries, Delta confirmed. The plane was carrying 376 passengers and 16 crew. The crew discharged fire suppressors in the rear cargo hold and dumped jet fuel for what would have been a long flight across the North Atlantic before landing. The…
  • See Photos from the 2015 40 Under 40 Awards Program

    3 Jul 2015 | 9:13 am
    See Photos from the 2015 40 Under 40 Awards Program
  • Quad/Graphics stock price grabs attention

    Tom Held
    3 Jul 2015 | 9:00 am
    Shares of Wisconsin-based Quad/Graphics Inc. fell to a 52-week low on July 1, reaching $17.52. The price rebounded a bit leading into the Fourth of July holiday, but remains less than half its $50 peak, which it hit shortly after the company executed a $1.3 billion acquisition of World Color Press Inc. and started selling stock as a controlled public company, in 2010. The Quadracci family, which founded the business in 1971, controls 82 percent of the company through its shares of Class B stock. Read…
  • Your guide to St. Louis’ largest international companies

    Katlyn Keller
    3 Jul 2015 | 9:00 am
    Bunge Ltd. topped this week’s list of St. Louis’ largest international companies again, with 2014 international sales at $44.96 billion. The global agribusiness and food company had 2014 revenue of $57.2 billion, and does business in areas such as Europe, Brazil, Asia, Argentina and Canada. Anheuser-Busch InBev came in at No. 2 with 2014 international sales at $30.97 billion, followed by Emerson Electric and Boeing. Most company’s ranks did not change from 2013 to 2014, although Jacobs,…
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    Bizjournals.com Northwest RSS Feed

  • Which Seattle neighborhood drinks the most craft beer? Drizly reveals alcohol trends

    Emily Parkhurst
    3 Jul 2015 | 7:37 am
    The neighborhood in Seattle that loves craft beer the most? You guessed it. Ballard. The online alcohol delivery company Drizly, which has been delivering alcohol in Seattle for a little less than a year, has parsed the numbers for alcohol trends throughout the city, and it’s revealed some interesting data. People in Greenlake, for example, love Ketel One vodka. In fact, Greenlake is the thirstiest city in Drizly’s coverage area, ordering more alcohol than any other neighborhood. People in…
  • There are more craft distillers in Washington state than anywhere else in the country

    Stephanie Forshee
    3 Jul 2015 | 7:18 am
    First, it was craft brewers popping up everywhere. Now, it's craft distillers' time. As of last October, Washington state counted more craft distilleries than any other state, King County topped the list of counties across the U.S. and Seattle had more distilleries within its city limits than any other city in the country. That’s according to the Washington Distillers Guild. The organization noted recently there are at least 45 applications awaiting approval, making for a potential 155 distilleries…
  • Editor’s picks: Examining craft beer's biggest threat: drought

    Steven Goldsmith
    3 Jul 2015 | 7:08 am
    With a record heat wave and a holiday weekend to build up your thirst, this may not come as welcome news: Washington state’s beer industry faces a threat. It’s the statewide drought. Beer is 75 percent water, but that’s not the problem. The problem is hops. Prices for this grown-in-Washington ingredient – which is one of the main flavors in many varieties of beer – are soaring in part because of reduced water allocations for the Yakima Valley farmers who produce most of the nation’s…
  • A growing Concur Technologies soon will occupy half of this Bellevue office tower

    Marc Stiles
    3 Jul 2015 | 7:01 am
    Concur Technologies has been on a big growth spurt since moving from Redmond to downtown Bellevue two years ago, and now it's growing even more. Iniitially, the company inked a lease for 123,000 square feet for its headquarters in the Key Center building, 601 108th Ave. N.E. Currently, Concur occupies 180,000 square feet, and is planning to grow into another 63,000 square feet over the next 12 months, Al Kinisky, Concur's senior director of global real estate, said last week. Concur was acquired…
  • Patti Payne's Cool Pads: Musician's $1.25M town home in Seattle's chic 'Sanctuary' sells lightening fast

    Patti Payne
    3 Jul 2015 | 6:50 am
    A unique, $1.25 million town home at 1517 E. Denny Way sold almost as soon as it hit the market last month. The Sanctuary, an architecturally significant 12-unit boutique community of town homes built in a century-old Christian Science church in Capitol Hill is described as New York City chic. The former owner, Steve Scalfati, was thrilled. He was the first owner in the building and lived there for three years before he decided to sell. Scalfati has lived in the Seattle area since he was 9 years…
 
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    Business News from Southwest US - bizjournals.com

  • In surprise move, Planning Commission may seek to halt some Mission housing

    Cory Weinberg
    3 Jul 2015 | 3:21 pm
    The Planning Commission will vote next week whether it should decide on one of San Francisco’s most contentious policy debates: whether market-rate apartment and condominium projects should continue to get built in the Mission District. With a similar measure heading toward November’s ballot after the Board of Supervisors rejected a market-rate moratorium last month, the Planning Commission’s entrance into the debate is unexpected. It would be the first time the body has initiated a debate…
  • Aetna buying Humana, creating second-largest health plan in nation

    Angela Gonzales
    3 Jul 2015 | 2:53 pm
    Aetna Inc. (NYSE: AET) plans to acquire Humana Inc. (NYSE: HUM) for $37 billion, a deal that is expected to take about a year to complete. At that time the combined operation of more than 33 million health plan members and $115 billion in annual revenue will be the second-largest managed care plan in the nation after only UnitedHealth Group. But it will be the largest provider of Medicare Advantage plans for seniors. Tom Noland, senior vice president of corporate communications of Humana, said…
  • U.S. Court of Appeals says Apple did conspire to fix prices on eBooks

    Monica Mendoza
    3 Jul 2015 | 2:25 pm
    The U.S. Court of Appeals for the Second Circuit affirmed that Apple Inc. conspired with several publishers to set prices on eBooks. The court rejected Apple Inc.’s challenge to the ruling in State of Texas, et al. v. Penguin Group (USA) Inc., et. al. Instead, the appellate court affirmed the lower court’s finding that Cupertino, California-based Apple (NASDAQ:AAPL) conspired with several publishers to set prices on eBooks, an agreement that raised prices for consumers. Colorado was one of…
  • CEO Thomas Dundon departs Santander Consumer; No. 2 exec immediately moves up

    Paul O'Donnell
    3 Jul 2015 | 10:31 am
    The founder of Santander Consumer USA Holdings Inc. (NYSE: SC) has left the Dallas-based company that has grown into one of the nation's largest subprime auto lenders. Thomas G. Dundon's departure was announced after the market closed Thursday – a move described by a Deutsche Bank analyst as a "little surprising" in its timing. He was immediately replaced as CEO by Jason Kulas, the company's president and chief financial officer. The company also said it will buy back Dundon's 10 percent stake…
  • Top of the Phoenix Lists: Office Machine Dealers

    Dale Brown
    3 Jul 2015 | 9:00 am
    No. 2 a year ago, Konica Minolta Business Solutions USA Inc. moved up one spot when the Phoenix Business Journal today published the 2015 version of the annual Office Machine Dealers list. The list was ranked by number of local, full-time employees. Konica Minolta Business Solutions, which purchased longtime list regular Hughes-Calihan Corp. in 2007, reported 200 employees. Pacific Office Automation and Arizona Office Technologies tied for the No. 2 ranking with 150 employees each. Ricoh USA Inc.,…
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    Business News from the Northeast US - bizjournals

  • Columbus McKinnon to celebrate 175 years by ringing closing bell

    3 Jul 2015 | 9:37 pm
    One of the Buffalo area’s oldest manufacturers will mark its 175th anniversary by closing the NASDAQ market on Monday, July 7. Columbus McKinnon Corp. has been invited to Times Square to mark the occasion. Timothy Tevens, the company’s chief executive officer, will ring the closing bell at 4 p.m. Headquartered in Amherst, Columbus McKinnon (NASDAQ: CMCO) designs, manufactures and markets material handling products and systems. The business employs more than 2,700 workers at its various locations.
  • Alpha Natural Resources sees great potential in its shale gas project

    Sam Kusic
    3 Jul 2015 | 8:22 am
    Alpha Natural Resources' buyout of its shale-gas development partner isn't a sign that the company intends to diversify entirely out of coal, but it does, however, need to diversify, Chief Commercial Officer Brian Sullivan said on Thursday. In an exclusive interview with the Business Times, Sullivan said the deal gives it full control of a new asset whose value will only increase in time. And that's important, he said, given the persistent challenges the coal industry is facing. On Wednesday, Alpha…
  • Washington Health System completes acquistion

    Kris B. Mamula
    3 Jul 2015 | 8:08 am
    Washington Health System has closed on its acquisition of Southwest Regional Medical Center, giving the system a 49-bed hospital in Greene County. The tiny Waynesburg hospital will continue offering health care services under the Washington Health System Greene banner. Washington acquired the hospital from RegionalCare Hospital Partners of Brentwood, Tenn., and terms were not disclosed. Included in the deal was Southwest’s wound and hyperbaric center, home care businesses and some physician practices. Washington…
  • New Era Cap at home in Buffalo

    James Fink
    3 Jul 2015 | 6:00 am
    The New Era Cap Co. of today is a world apart from the company started in 1920 by Chris Koch’s great-grandfather, Ehrhart. His hat-making business evolved into an international leader of headwear, particularly baseball caps and other merchandise including backpacks. Headquartered in Buffalo, New Era employs more than 2,000 worldwide including about 500 on Delaware Avenue and at the Derby manufacturing plant. When Koch, 54, took over as CEO in 2002, the privately held firm had less than $100 million…
  • Oddmakers: NJ Gov. Christie's presidential hopes have 10-1 odds

    John Abbott
    3 Jul 2015 | 5:51 am
    New Jersey Gov. Chris Christie is slumping in the polls both at home and in states key to his bid for president. But if you believe oddsmakers, he may have a better chance of making it to the Oval Office than those polls indicate. Christie's chances of winning the presidency right now are 10-1, according to bookmaking company William Hill. That's fourth place behind Hillary Clinton, at 2-1; Marco Rubio, at 6-1; and Jeb Bush, at 9-1. That 10-1 assessment may not be entirely reliable, warned Harry…
 
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    Business News from Southeast US - bizjournals.com

  • Triangle Treats: July 3

    Dathan Kazsuk
    3 Jul 2015 | 1:30 pm
    Did you know that Greensboro-based Biscuitville has been having its annual biscuit Bake-Off competition for the past 15 years? I sure didn’t. But they just named the grand champion of this years biscuit-making contest, which included more than 100 Biscuitville team members from the 54 company-owned restaurants in North Carolina and Virginia. Greg Kearns, operator of the N. Fayetteville Street restaurant in Asheboro was named Grand Champion biscuit maker among managers. Maroua Abbou, from the S.…
  • Chapel Hill marketing startup raises cash

    Lauren K. Ohnesorge
    3 Jul 2015 | 1:15 pm
    Investors are starting to bet on a small Chapel Hill-based marketing startup, according to papers filed this week with the Securities and Exchanges Commission. IValu8 raised two separate tranches of cash this week, according to securities filings – about $60,000 in debt and $230,000 in equity capital. The loan round is capped at $300,000, meaning there’s a possibility of an additional $240,000 in the coming months. iValu8, founded in 2013 and led by CEO Andrew Fox, has developed a mobile and…
  • UNC seeks ad agency to freshen ESPN commercial

    Jason deBruyn
    3 Jul 2015 | 12:45 pm
    UNC-Chapel Hill is soliciting ad agencies to build a new television campaign to run on ESPN channels during football and basketball games. The “brand spot will be the primary paid advertising for the University for the year and so will need to clearly and compellingly share Carolina’s message,” according to a request for information put out by UNC. Responses are due July 10, but UNC has not yet asked for full proposals. In fact, the university specified that cost and pricing data should not…
  • Humana sale impact also felt outside of Louisville

    Cary Stemle
    3 Jul 2015 | 12:28 pm
    Today's announcement that Humana Inc. has agreed to be acquired by Aetna Inc. isn't just big news in Louisville. One city also paying close attention is Tampa, Fla., where the health insurance giant employs about 4,000 people. That makes the Tampa Bay area Humana's second-largest operations center behind Louisville, according to the Tampa Bay Business Journal. Humana (NYSE: HUM) is Louisville's second-largest private-sector employer, with 12,371 local full-time or full-time-equivalent workers…
  • Former Yadkin CEO to receive $2.2M severance in restructured role

    Lauren K. Ohnesorge
    3 Jul 2015 | 12:20 pm
    Yadkin Bank (Nasdaq: YDKN) released new details late Thursday on the transition of Joe Towell, who led the bank prior to its merger with Raleigh-based VantageSouth last year. Specifically, according to a securities filing, Towell gets $2.2 million payable in 52-weekly installments as severance pay to step down from his role as executive chairman of the board. He’ll continue to serve as chairman of the board of directors, but will no longer be involved in day-to-day operations. He’ll instead…
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    Accounting News - Accounting News Headlines | Bizjournals.com

  • Columbus McKinnon to celebrate 175 years by ringing closing bell

    3 Jul 2015 | 9:37 pm
    One of the Buffalo area’s oldest manufacturers will mark its 175th anniversary by closing the NASDAQ market on Monday, July 7. Columbus McKinnon Corp. has been invited to Times Square to mark the occasion. Timothy Tevens, the company’s chief executive officer, will ring the closing bell at 4 p.m. Headquartered in Amherst, Columbus McKinnon (NASDAQ: CMCO) designs, manufactures and markets material handling products and systems. The business employs more than 2,700 workers at its various locations.
  • Solar Impulse 2 landing in Hawaii highlights state’s renewable energy goals: Slideshow

    Janis L. Magin
    3 Jul 2015 | 4:11 pm
    Solar Impulse 2 made its first U.S. landing Friday in Hawaii, an event that highlights the state’s goals to create a clean energy sector that has “tremendous economic potential,” the head of the State Energy Office said after the solar-powered aircraft touched down at Kalaeloa Airport in West Oahu. The Swiss-made Solar Impulse 2 landed at Kalaeloa Airport in West Oahu shortly after sunrise Friday morning after flying for five days from Nagoya, Japan, the longest leg in its around-the-world…
  • In surprise move, Planning Commission may seek to halt some Mission housing

    Cory Weinberg
    3 Jul 2015 | 3:21 pm
    The Planning Commission will vote next week whether it should decide on one of San Francisco’s most contentious policy debates: whether market-rate apartment and condominium projects should continue to get built in the Mission District. With a similar measure heading toward November’s ballot after the Board of Supervisors rejected a market-rate moratorium last month, the Planning Commission’s entrance into the debate is unexpected. It would be the first time the body has initiated a debate…
  • Aetna buying Humana, creating second-largest health plan in nation

    Angela Gonzales
    3 Jul 2015 | 2:53 pm
    Aetna Inc. (NYSE: AET) plans to acquire Humana Inc. (NYSE: HUM) for $37 billion, a deal that is expected to take about a year to complete. At that time the combined operation of more than 33 million health plan members and $115 billion in annual revenue will be the second-largest managed care plan in the nation after only UnitedHealth Group. But it will be the largest provider of Medicare Advantage plans for seniors. Tom Noland, senior vice president of corporate communications of Humana, said…
  • U.S. Court of Appeals says Apple did conspire to fix prices on eBooks

    Monica Mendoza
    3 Jul 2015 | 2:25 pm
    The U.S. Court of Appeals for the Second Circuit affirmed that Apple Inc. conspired with several publishers to set prices on eBooks. The court rejected Apple Inc.’s challenge to the ruling in State of Texas, et al. v. Penguin Group (USA) Inc., et. al. Instead, the appellate court affirmed the lower court’s finding that Cupertino, California-based Apple (NASDAQ:AAPL) conspired with several publishers to set prices on eBooks, an agreement that raised prices for consumers. Colorado was one of…
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    Agriculture News - Agriculture News Headlines | Bizjournals.com

  • Columbus McKinnon to celebrate 175 years by ringing closing bell

    3 Jul 2015 | 9:37 pm
    One of the Buffalo area’s oldest manufacturers will mark its 175th anniversary by closing the NASDAQ market on Monday, July 7. Columbus McKinnon Corp. has been invited to Times Square to mark the occasion. Timothy Tevens, the company’s chief executive officer, will ring the closing bell at 4 p.m. Headquartered in Amherst, Columbus McKinnon (NASDAQ: CMCO) designs, manufactures and markets material handling products and systems. The business employs more than 2,700 workers at its various locations.
  • Solar Impulse 2 landing in Hawaii highlights state’s renewable energy goals: Slideshow

    Janis L. Magin
    3 Jul 2015 | 4:11 pm
    Solar Impulse 2 made its first U.S. landing Friday in Hawaii, an event that highlights the state’s goals to create a clean energy sector that has “tremendous economic potential,” the head of the State Energy Office said after the solar-powered aircraft touched down at Kalaeloa Airport in West Oahu. The Swiss-made Solar Impulse 2 landed at Kalaeloa Airport in West Oahu shortly after sunrise Friday morning after flying for five days from Nagoya, Japan, the longest leg in its around-the-world…
  • In surprise move, Planning Commission may seek to halt some Mission housing

    Cory Weinberg
    3 Jul 2015 | 3:21 pm
    The Planning Commission will vote next week whether it should decide on one of San Francisco’s most contentious policy debates: whether market-rate apartment and condominium projects should continue to get built in the Mission District. With a similar measure heading toward November’s ballot after the Board of Supervisors rejected a market-rate moratorium last month, the Planning Commission’s entrance into the debate is unexpected. It would be the first time the body has initiated a debate…
  • Aetna buying Humana, creating second-largest health plan in nation

    Angela Gonzales
    3 Jul 2015 | 2:53 pm
    Aetna Inc. (NYSE: AET) plans to acquire Humana Inc. (NYSE: HUM) for $37 billion, a deal that is expected to take about a year to complete. At that time the combined operation of more than 33 million health plan members and $115 billion in annual revenue will be the second-largest managed care plan in the nation after only UnitedHealth Group. But it will be the largest provider of Medicare Advantage plans for seniors. Tom Noland, senior vice president of corporate communications of Humana, said…
  • U.S. Court of Appeals says Apple did conspire to fix prices on eBooks

    Monica Mendoza
    3 Jul 2015 | 2:25 pm
    The U.S. Court of Appeals for the Second Circuit affirmed that Apple Inc. conspired with several publishers to set prices on eBooks. The court rejected Apple Inc.’s challenge to the ruling in State of Texas, et al. v. Penguin Group (USA) Inc., et. al. Instead, the appellate court affirmed the lower court’s finding that Cupertino, California-based Apple (NASDAQ:AAPL) conspired with several publishers to set prices on eBooks, an agreement that raised prices for consumers. Colorado was one of…
 
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    Banking & Financial News - Banking & Financial News Headlines | Bizjournals.com

  • Humana sale impact also felt outside of Louisville

    Cary Stemle
    3 Jul 2015 | 12:28 pm
    Today's announcement that Humana Inc. has agreed to be acquired by Aetna Inc. isn't just big news in Louisville. One city also paying close attention is Tampa, Fla., where the health insurance giant employs about 4,000 people. That makes the Tampa Bay area Humana's second-largest operations center behind Louisville, according to the Tampa Bay Business Journal. Humana (NYSE: HUM) is Louisville's second-largest private-sector employer, with 12,371 local full-time or full-time-equivalent workers…
  • Former Yadkin CEO to receive $2.2M severance in restructured role

    Lauren K. Ohnesorge
    3 Jul 2015 | 12:20 pm
    Yadkin Bank (Nasdaq: YDKN) released new details late Thursday on the transition of Joe Towell, who led the bank prior to its merger with Raleigh-based VantageSouth last year. Specifically, according to a securities filing, Towell gets $2.2 million payable in 52-weekly installments as severance pay to step down from his role as executive chairman of the board. He’ll continue to serve as chairman of the board of directors, but will no longer be involved in day-to-day operations. He’ll instead…
  • CEO Thomas Dundon departs Santander Consumer; No. 2 exec immediately moves up

    Paul O'Donnell
    3 Jul 2015 | 10:31 am
    The founder of Santander Consumer USA Holdings Inc. (NYSE: SC) has left the Dallas-based company that has grown into one of the nation's largest subprime auto lenders. Thomas G. Dundon's departure was announced after the market closed Thursday – a move described by a Deutsche Bank analyst as a "little surprising" in its timing. He was immediately replaced as CEO by Jason Kulas, the company's president and chief financial officer. The company also said it will buy back Dundon's 10 percent stake…
  • Quad/Graphics stock price grabs attention

    Tom Held
    3 Jul 2015 | 9:00 am
    Shares of Wisconsin-based Quad/Graphics Inc. fell to a 52-week low on July 1, reaching $17.52. The price rebounded a bit leading into the Fourth of July holiday, but remains less than half its $50 peak, which it hit shortly after the company executed a $1.3 billion acquisition of World Color Press Inc. and started selling stock as a controlled public company, in 2010. The Quadracci family, which founded the business in 1971, controls 82 percent of the company through its shares of Class B stock. Read…
  • Upon further review, Yelp decides to put its sale on hold (Video)

    Madeline Bilis
    3 Jul 2015 | 6:27 am
    Yelp (NYSE: YELP) has decided for now not to sell itself, Bloomberg reported on Thursday, citing people with knowledge of the matter. The crowd-sourced review website previously hired Goldman Sachs to work on a possible sale. Yelp had several potential buyers, according to Bloomberg. While Yelp didn't confirm the halt of the sale, its stock value slipped more than 10 percent Thursday afternoon. Shares fell from $41.67 to $36.59. The stock had traded as high as $49.93 shortly after news that it…
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    Bankruptcy News - Bankruptcy News Headlines | Bizjournals.com

  • Columbus McKinnon to celebrate 175 years by ringing closing bell

    3 Jul 2015 | 9:37 pm
    One of the Buffalo area’s oldest manufacturers will mark its 175th anniversary by closing the NASDAQ market on Monday, July 7. Columbus McKinnon Corp. has been invited to Times Square to mark the occasion. Timothy Tevens, the company’s chief executive officer, will ring the closing bell at 4 p.m. Headquartered in Amherst, Columbus McKinnon (NASDAQ: CMCO) designs, manufactures and markets material handling products and systems. The business employs more than 2,700 workers at its various locations.
  • Solar Impulse 2 landing in Hawaii highlights state’s renewable energy goals: Slideshow

    Janis L. Magin
    3 Jul 2015 | 4:11 pm
    Solar Impulse 2 made its first U.S. landing Friday in Hawaii, an event that highlights the state’s goals to create a clean energy sector that has “tremendous economic potential,” the head of the State Energy Office said after the solar-powered aircraft touched down at Kalaeloa Airport in West Oahu. The Swiss-made Solar Impulse 2 landed at Kalaeloa Airport in West Oahu shortly after sunrise Friday morning after flying for five days from Nagoya, Japan, the longest leg in its around-the-world…
  • In surprise move, Planning Commission may seek to halt some Mission housing

    Cory Weinberg
    3 Jul 2015 | 3:21 pm
    The Planning Commission will vote next week whether it should decide on one of San Francisco’s most contentious policy debates: whether market-rate apartment and condominium projects should continue to get built in the Mission District. With a similar measure heading toward November’s ballot after the Board of Supervisors rejected a market-rate moratorium last month, the Planning Commission’s entrance into the debate is unexpected. It would be the first time the body has initiated a debate…
  • Aetna buying Humana, creating second-largest health plan in nation

    Angela Gonzales
    3 Jul 2015 | 2:53 pm
    Aetna Inc. (NYSE: AET) plans to acquire Humana Inc. (NYSE: HUM) for $37 billion, a deal that is expected to take about a year to complete. At that time the combined operation of more than 33 million health plan members and $115 billion in annual revenue will be the second-largest managed care plan in the nation after only UnitedHealth Group. But it will be the largest provider of Medicare Advantage plans for seniors. Tom Noland, senior vice president of corporate communications of Humana, said…
  • U.S. Court of Appeals says Apple did conspire to fix prices on eBooks

    Monica Mendoza
    3 Jul 2015 | 2:25 pm
    The U.S. Court of Appeals for the Second Circuit affirmed that Apple Inc. conspired with several publishers to set prices on eBooks. The court rejected Apple Inc.’s challenge to the ruling in State of Texas, et al. v. Penguin Group (USA) Inc., et. al. Instead, the appellate court affirmed the lower court’s finding that Cupertino, California-based Apple (NASDAQ:AAPL) conspired with several publishers to set prices on eBooks, an agreement that raised prices for consumers. Colorado was one of…
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    Commercial Real Estate Industry News Headlines | Bizjournals.com

  • CBRE Hawaii’s ‘Workplace 360’ office transformation in Honolulu: Slideshow

    Tina Yuen
    3 Jul 2015 | 12:00 pm
    Imagine working in an office where you don’t have the same desk every day, and your boss doesn’t either. That’s the setup in CBRE Hawaii’s headquarters in Downtown Honolulu, where the company’s “Workplace 360” initiative launched nearly a year ago. Work on the space, which was completed in late July of last year, created a “free address” office where the commercial real estate firm’s more than 50 employees are able to choose how they work, with whom and where. Kim Lord, senior…
  • Schilleci & Tortorici make Pepper Place home for law practice

    Bryan Davis
    3 Jul 2015 | 8:41 am
    Lakeview's Pepper Place has become synonymous with boutique shops and innovative businesses. A law firm at the Pepper Place Showrooms building may seem out of place at first, but Schilleci & Tortorici PC's boutique practice fits right in with the building's other tenants. Joseph Schilleici and his first cousin Jason Tortorici have opened in Suite E, a 1,500-square-foot space in the building. Jerry Grant with Graham & Co. handled the lease for the duo, while Rob Tate with Sloss Real Estate represented…
  • Wallets get a little fatter for Tampa Bay’s richest families

    Margie Manning
    3 Jul 2015 | 8:00 am
    The three Tampa Bay families on Forbes list of America’s Richest Families added to their wealth in the past year. The Jenkins, Glazer and Lykes families each make repeat appearances on the second annual list by Forbes, which profiles the 200 wealthiest clans in the United States. Families needed a combined net worth of $1.2 billion to make the cut, Forbes said. The Jenkins family, which owns about 20 percent of the stock of Tampa Bay’s biggest company, Publix Super Markets Inc., has a combined…
  • A growing Concur Technologies soon will occupy half of this Bellevue office tower

    Marc Stiles
    3 Jul 2015 | 7:01 am
    Concur Technologies has been on a big growth spurt since moving from Redmond to downtown Bellevue two years ago, and now it's growing even more. Iniitially, the company inked a lease for 123,000 square feet for its headquarters in the Key Center building, 601 108th Ave. N.E. Currently, Concur occupies 180,000 square feet, and is planning to grow into another 63,000 square feet over the next 12 months, Al Kinisky, Concur's senior director of global real estate, said last week. Concur was acquired…
  • City National Bank provides $13M for Wal-Mart-anchored center in Broward

    Brian Bandell
    3 Jul 2015 | 7:00 am
    An affiliate of Gaitlin Development Co. obtained a $13.265 million construction loan for a Davie retail center that will be anchored by Wal-Mart Neighborhood Market. Miami-based City National Bank of Florida awarded the mortgage to GDC Davie LLC, an affiliate of the Fort Lauderdale-based developer headed by Franklin Gatlin III. The project at the southeast corner of Stirling Road and South Pine Island Road recently broke ground. It is called Pine Island Marketplace. The developer paid $7.2 million…
 
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    Economic Snapshot News - Economic Snapshot News Headlines | Bizjournals.com

  • Columbus McKinnon to celebrate 175 years by ringing closing bell

    3 Jul 2015 | 9:37 pm
    One of the Buffalo area’s oldest manufacturers will mark its 175th anniversary by closing the NASDAQ market on Monday, July 7. Columbus McKinnon Corp. has been invited to Times Square to mark the occasion. Timothy Tevens, the company’s chief executive officer, will ring the closing bell at 4 p.m. Headquartered in Amherst, Columbus McKinnon (NASDAQ: CMCO) designs, manufactures and markets material handling products and systems. The business employs more than 2,700 workers at its various locations.
  • Solar Impulse 2 landing in Hawaii highlights state’s renewable energy goals: Slideshow

    Janis L. Magin
    3 Jul 2015 | 4:11 pm
    Solar Impulse 2 made its first U.S. landing Friday in Hawaii, an event that highlights the state’s goals to create a clean energy sector that has “tremendous economic potential,” the head of the State Energy Office said after the solar-powered aircraft touched down at Kalaeloa Airport in West Oahu. The Swiss-made Solar Impulse 2 landed at Kalaeloa Airport in West Oahu shortly after sunrise Friday morning after flying for five days from Nagoya, Japan, the longest leg in its around-the-world…
  • In surprise move, Planning Commission may seek to halt some Mission housing

    Cory Weinberg
    3 Jul 2015 | 3:21 pm
    The Planning Commission will vote next week whether it should decide on one of San Francisco’s most contentious policy debates: whether market-rate apartment and condominium projects should continue to get built in the Mission District. With a similar measure heading toward November’s ballot after the Board of Supervisors rejected a market-rate moratorium last month, the Planning Commission’s entrance into the debate is unexpected. It would be the first time the body has initiated a debate…
  • Aetna buying Humana, creating second-largest health plan in nation

    Angela Gonzales
    3 Jul 2015 | 2:53 pm
    Aetna Inc. (NYSE: AET) plans to acquire Humana Inc. (NYSE: HUM) for $37 billion, a deal that is expected to take about a year to complete. At that time the combined operation of more than 33 million health plan members and $115 billion in annual revenue will be the second-largest managed care plan in the nation after only UnitedHealth Group. But it will be the largest provider of Medicare Advantage plans for seniors. Tom Noland, senior vice president of corporate communications of Humana, said…
  • U.S. Court of Appeals says Apple did conspire to fix prices on eBooks

    Monica Mendoza
    3 Jul 2015 | 2:25 pm
    The U.S. Court of Appeals for the Second Circuit affirmed that Apple Inc. conspired with several publishers to set prices on eBooks. The court rejected Apple Inc.’s challenge to the ruling in State of Texas, et al. v. Penguin Group (USA) Inc., et. al. Instead, the appellate court affirmed the lower court’s finding that Cupertino, California-based Apple (NASDAQ:AAPL) conspired with several publishers to set prices on eBooks, an agreement that raised prices for consumers. Colorado was one of…
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    Education News - Education News Headlines | Bizjournals.com

  • UNC seeks ad agency to freshen ESPN commercial

    Jason deBruyn
    3 Jul 2015 | 12:45 pm
    UNC-Chapel Hill is soliciting ad agencies to build a new television campaign to run on ESPN channels during football and basketball games. The “brand spot will be the primary paid advertising for the University for the year and so will need to clearly and compellingly share Carolina’s message,” according to a request for information put out by UNC. Responses are due July 10, but UNC has not yet asked for full proposals. In fact, the university specified that cost and pricing data should not…
  • Legals 07/03/2015

    3 Jul 2015 | 8:15 am
    ALL INTERESTED BIDDERS The Board of Education of the Shelby County Schools will accept written bids for Demolition/Asbestos Abatement at Orleans Elementary School. Visit our website for additional information: http://www.scsk12.org/uf/procurement/bids.php Questions concerning Bid should be addressed to Wendy Partee at (901) 416-5833 or emailed to parteews@scsk12.org. Thank you for supporting Shelby County Schools. Cerita Butler, Director Procurement Services Publication date: 07/03/2015 ALL…
  • Preschool building in Broward faces foreclosure

    Brian Bandell
    3 Jul 2015 | 4:30 am
    A preschool building in Sunrise could be seized in foreclosure. A foreclosure lawsuit was filed on June 26 by 16098 Weston Holdings against non-profit organization Nueva Generacion Cristiana. It concerns a mortgage last modified at $3.66 million in January by Stonegate Bank, which recently sold it to the plaintiff. The lawsuit targets the 19,914-square-foot private school building at 16098 W. State Road 84. It’s technically in Sunrise, but it’s on the exit to Weston Road on the outskirts of…
  • From the publisher: Civic attitude adjustment

    Ellen Sherberg
    3 Jul 2015 | 4:00 am
    If I told you about a business community that is home to nine Fortune 500 headquarter companies with combined revenue of nearly $200 billion, at least seven universities, two research medical centers plus a world-class symphony, arguably one of the best botanical gardens in the U.S., strong private schools and admired suburban public schools, wouldn’t you want to know more? If I added a great park system and one of the most generous philanthropic communities by all sorts of measures, would you…
  • Well traveled Popovic was a distiller at 12

    Joann Vitelli
    3 Jul 2015 | 3:00 am
    Bojan Popovic was always good with numbers so it seemed natural that he pursue a degree in finance. But after eight months of working at a bank and realizing what it entailed, he wanted out. He left his home in Serbia for a student exchange work/travel program, traveling throughout the United States and taking seasonal bartending jobs. Popovic’s travels took him to Boston, Miami’s South Beach and North Carolina. He was vising friends in Atlanta on the last leg of the student exchange work/travel…
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    Energy & the Environment News - Energy News Headlines | Bizjournals.com

  • Solar Impulse 2 landing in Hawaii highlights state’s renewable energy goals: Slideshow

    Janis L. Magin
    3 Jul 2015 | 4:11 pm
    Solar Impulse 2 made its first U.S. landing Friday in Hawaii, an event that highlights the state’s goals to create a clean energy sector that has “tremendous economic potential,” the head of the State Energy Office said after the solar-powered aircraft touched down at Kalaeloa Airport in West Oahu. The Swiss-made Solar Impulse 2 landed at Kalaeloa Airport in West Oahu shortly after sunrise Friday morning after flying for five days from Nagoya, Japan, the longest leg in its around-the-world…
  • Hawaii's Sunetric helping parent company RGS Energy's performance

    Duane Shimogawa
    3 Jul 2015 | 10:05 am
    Hawaii solar photovoltaic firm Sunetric has upped its performance to help its parent company, Colorado-based RGS Energy, achieve less of a loss in its most recently available earnings report. The Kailua-based company, which is one of the top-performing solar firms in Hawaii, with revenues of $20 million in 2014, according to PBN research, accounted to about half of the net revenues for RGS Energy in the quarter ending on March 31. Hawaiian Electric Co.'s approval of hundreds of rooftop residential…
  • Solar Impulse lands in Hawaii after record-breaking leg of solar flight (Video)

    Janis L. Magin
    3 Jul 2015 | 9:49 am
    The Solar Impulse 2 aircraft touched down at sunrise in Hawaii Friday after five days of flying over the Pacific Ocean, completing the longest leg of an around-the-world flight powered only by the sun. Pilot André Borschberg, who used breathing exercises and yoga to make it through the five-day flight from Nagoya, Japan, wore a flower lei over his orange jacket and held a flag from his native Switzerland as he answered questions in French from the media who gathered at Kalaeloa Airport in West…
  • Alpha Natural Resources sees great potential in its shale gas project

    Sam Kusic
    3 Jul 2015 | 8:22 am
    Alpha Natural Resources' buyout of its shale-gas development partner isn't a sign that the company intends to diversify entirely out of coal, but it does, however, need to diversify, Chief Commercial Officer Brian Sullivan said on Thursday. In an exclusive interview with the Business Times, Sullivan said the deal gives it full control of a new asset whose value will only increase in time. And that's important, he said, given the persistent challenges the coal industry is facing. On Wednesday, Alpha…
  • BP reaches $18.7B settlement with U.S., Gulf Coast states (Video)

    Olivia Pulsinelli
    3 Jul 2015 | 5:37 am
    London-based BP PLC (NYSE: BP), which has its U.S. headquarters in Houston, announced July 2 it reached an $18.7 billion settlement agreement over federal, state and local claims related to the 2010 Deepwater Horizon disaster and Gulf of Mexico oil spill. BP Exploration and Production Inc., BP’s U.S. upstream subsidiary, reached the agreements with the U.S. federal government and the states of Alabama, Florida, Louisiana, Mississippi and Texas. The states’ agreement also settles more than 400…
 
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    Green News - Green News Headlines | Bizjournals.com

  • BP reaches $18.7B settlement with U.S., Gulf Coast states (Video)

    Olivia Pulsinelli
    3 Jul 2015 | 5:37 am
    London-based BP PLC (NYSE: BP), which has its U.S. headquarters in Houston, announced July 2 it reached an $18.7 billion settlement agreement over federal, state and local claims related to the 2010 Deepwater Horizon disaster and Gulf of Mexico oil spill. BP Exploration and Production Inc., BP’s U.S. upstream subsidiary, reached the agreements with the U.S. federal government and the states of Alabama, Florida, Louisiana, Mississippi and Texas. The states’ agreement also settles more than 400…
  • More on the cover story: Colorado Aquaponics raises protein, produce in innovative ecosystem (Video)

    Kathleen Lavine
    3 Jul 2015 | 3:05 am
    JD Sawyer and his wife, Tawnya own and run Colorado Aquaponics. It is self-described as a "re-circulating little ecosystem". The water used benefits both plants and fish. From this farming business comes greens sold to local chefs as well as striped hybrid bass sold at the neighboring market. In the video above, Sawyer the Aquaponics ecosystem works in creating fish and produce that is then sold in stores.
  • City hires AECOM to lead Harbor District planning

    Tom Held
    3 Jul 2015 | 3:00 am
    The initial planning to turn 1,200 acres of a deteriorating industrial corridor along the Milwaukee harbor into a rejuvenated neighborhood of commercial, residential and recreational uses will begin under the direction of AECOM, an international engineering design firm, according to city officials. The Redevelopment Authority of the City of Milwaukee is finalizing a $190,000 contract with AECOM expected to cover 12 to 15 months of information gathering, land analysis and planning. The goal will…
  • Wendy Culverwell: InStove's take on Robin Hood

    Wendy Culverwell
    3 Jul 2015 | 3:00 am
    InStove Manufacturing Ltd., the Cottage Grove maker of high-efficiency rocket stoves, is eying Portland’s food carts and other commercial kitchens as it builds a for-profit business to support its humanitarian mission to supply stoves to refugee camps and other impoverished sites. Tests by the Public Health Institute, the World Health Organization, the Global Alliance for Clean Cookstoves and a Danish think tank show InStove’s commercial-scale models use far less fuel than traditional cooking…
  • Will shark attacks hurt coastal Carolina businesses?

    Jen Wilson
    2 Jul 2015 | 12:01 pm
    Just as the biggest summer holiday for beach destinations is getting underway, the recent rise in shark attacks off the coast of North Carolina may be growing more difficult to ignore. Another incident occurred Wednesday, marking seven victims bitten in the waters off N.C. beaches in less than a month. And that's not counting at least two more that occurred during the same period in South Carolina. By comparison, four shark attacks were reported in North Carolina for the entire previous year. But…
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    Health Care News - Health Care News Headlines | Bizjournals.com

  • Aetna buying Humana, creating second-largest health plan in nation

    Angela Gonzales
    3 Jul 2015 | 2:53 pm
    Aetna Inc. (NYSE: AET) plans to acquire Humana Inc. (NYSE: HUM) for $37 billion, a deal that is expected to take about a year to complete. At that time the combined operation of more than 33 million health plan members and $115 billion in annual revenue will be the second-largest managed care plan in the nation after only UnitedHealth Group. But it will be the largest provider of Medicare Advantage plans for seniors. Tom Noland, senior vice president of corporate communications of Humana, said…
  • Humana sale impact also felt outside of Louisville

    Cary Stemle
    3 Jul 2015 | 12:28 pm
    Today's announcement that Humana Inc. has agreed to be acquired by Aetna Inc. isn't just big news in Louisville. One city also paying close attention is Tampa, Fla., where the health insurance giant employs about 4,000 people. That makes the Tampa Bay area Humana's second-largest operations center behind Louisville, according to the Tampa Bay Business Journal. Humana (NYSE: HUM) is Louisville's second-largest private-sector employer, with 12,371 local full-time or full-time-equivalent workers…
  • Seven interesting things Humana is telling employees and stakeholders

    David A. Mann
    3 Jul 2015 | 10:10 am
    As we know by now, Louisville-based Humana Inc. (NYSE: HUM) has agreed to be acquired by Aetna Inc. (NYSE: AET). Following about a month of speculation, the news of the transaction officially broke about 2:30 a.m. and we've been writing about it since. You can find details of the transaction here. We've got a story about what the company is telling its employees here. And if you're feeling like a walk down memory lane, check out our Humana timeline to get a gist of the company's history in Louisville. The…
  • Fischer says he's been in regular contact with Humana regarding sale

    David A. Mann
    3 Jul 2015 | 8:19 am
    The news broke early this morning that Louisville-based health insurance giant Humana Inc. (NYSE: HUM) will be purchased by Aetna Inc. (NYSE: AET) in a $37 billion deal that is expected to close next year. More details on the transaction here. It's a historic day for the company, which is one of Louisville's largest employers with about 12,000 local workers. The company said it plans to maintain a significant corporate presence in the city after the transaction is completed, though we're not yet…
  • Washington Health System completes acquistion

    Kris B. Mamula
    3 Jul 2015 | 8:08 am
    Washington Health System has closed on its acquisition of Southwest Regional Medical Center, giving the system a 49-bed hospital in Greene County. The tiny Waynesburg hospital will continue offering health care services under the Washington Health System Greene banner. Washington acquired the hospital from RegionalCare Hospital Partners of Brentwood, Tenn., and terms were not disclosed. Included in the deal was Southwest’s wound and hyperbaric center, home care businesses and some physician practices. Washington…
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    Human Resources News - Human Resources News Headlines | Bizjournals.com

  • CBRE Hawaii’s ‘Workplace 360’ office transformation in Honolulu: Slideshow

    Tina Yuen
    3 Jul 2015 | 12:00 pm
    Imagine working in an office where you don’t have the same desk every day, and your boss doesn’t either. That’s the setup in CBRE Hawaii’s headquarters in Downtown Honolulu, where the company’s “Workplace 360” initiative launched nearly a year ago. Work on the space, which was completed in late July of last year, created a “free address” office where the commercial real estate firm’s more than 50 employees are able to choose how they work, with whom and where. Kim Lord, senior…
  • Seven interesting things Humana is telling employees and stakeholders

    David A. Mann
    3 Jul 2015 | 10:10 am
    As we know by now, Louisville-based Humana Inc. (NYSE: HUM) has agreed to be acquired by Aetna Inc. (NYSE: AET). Following about a month of speculation, the news of the transaction officially broke about 2:30 a.m. and we've been writing about it since. You can find details of the transaction here. We've got a story about what the company is telling its employees here. And if you're feeling like a walk down memory lane, check out our Humana timeline to get a gist of the company's history in Louisville. The…
  • New Era Cap at home in Buffalo

    James Fink
    3 Jul 2015 | 6:00 am
    The New Era Cap Co. of today is a world apart from the company started in 1920 by Chris Koch’s great-grandfather, Ehrhart. His hat-making business evolved into an international leader of headwear, particularly baseball caps and other merchandise including backpacks. Headquartered in Buffalo, New Era employs more than 2,000 worldwide including about 500 on Delaware Avenue and at the Derby manufacturing plant. When Koch, 54, took over as CEO in 2002, the privately held firm had less than $100 million…
  • LIST: Georgia’s top public companies and their highest paid execs

    Patsy Conn
    3 Jul 2015 | 5:58 am
    Atlanta Business Chronicle’s July 3, 2015, edition features lists of Georgia’s Top 50 Public Companies, 25 Highest-Paid Executives of Georgia Public Companies, Atlanta’s Top 10 Office Complexes, and Chambers and Economic Development Agencies. The five largest public companies remain unchanged from last year. The Home Depot Inc. ranks No. 1 with more than $83.1 billion in revenue, followed by United Parcel Service Inc., The Coca-Cola Co. (NYSE: KO), Delta Air Lines Inc. (NYSE: DAL) and Aflac…
  • Whole Foods CEOs admit to overcharging, say it was unintentional

    Michael Theis
    3 Jul 2015 | 4:18 am
    In response to a New York City investigation into pricing at Whole Foods Market Inc., co-CEOs Jon Mackey and Walter Robb admitted Thursday that the company had incorrectly charged customers for pre-packaged food sold by weight. The admission came in the form of a video posted to YouTube that featured Mackey and Robb standing in a produce section, explaining their company's transgressions, but insisting that any errors were unintentional. The pair also unveiled a series of steps the company was taking…
 
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    Insurance News - Insurance News Headlines | Bizjournals.com

  • Aetna buying Humana, creating second-largest health plan in nation

    Angela Gonzales
    3 Jul 2015 | 2:53 pm
    Aetna Inc. (NYSE: AET) plans to acquire Humana Inc. (NYSE: HUM) for $37 billion, a deal that is expected to take about a year to complete. At that time the combined operation of more than 33 million health plan members and $115 billion in annual revenue will be the second-largest managed care plan in the nation after only UnitedHealth Group. But it will be the largest provider of Medicare Advantage plans for seniors. Tom Noland, senior vice president of corporate communications of Humana, said…
  • Humana sale impact also felt outside of Louisville

    Cary Stemle
    3 Jul 2015 | 12:28 pm
    Today's announcement that Humana Inc. has agreed to be acquired by Aetna Inc. isn't just big news in Louisville. One city also paying close attention is Tampa, Fla., where the health insurance giant employs about 4,000 people. That makes the Tampa Bay area Humana's second-largest operations center behind Louisville, according to the Tampa Bay Business Journal. Humana (NYSE: HUM) is Louisville's second-largest private-sector employer, with 12,371 local full-time or full-time-equivalent workers…
  • Seven interesting things Humana is telling employees and stakeholders

    David A. Mann
    3 Jul 2015 | 10:10 am
    As we know by now, Louisville-based Humana Inc. (NYSE: HUM) has agreed to be acquired by Aetna Inc. (NYSE: AET). Following about a month of speculation, the news of the transaction officially broke about 2:30 a.m. and we've been writing about it since. You can find details of the transaction here. We've got a story about what the company is telling its employees here. And if you're feeling like a walk down memory lane, check out our Humana timeline to get a gist of the company's history in Louisville. The…
  • Fischer says he's been in regular contact with Humana regarding sale

    David A. Mann
    3 Jul 2015 | 8:19 am
    The news broke early this morning that Louisville-based health insurance giant Humana Inc. (NYSE: HUM) will be purchased by Aetna Inc. (NYSE: AET) in a $37 billion deal that is expected to close next year. More details on the transaction here. It's a historic day for the company, which is one of Louisville's largest employers with about 12,000 local workers. The company said it plans to maintain a significant corporate presence in the city after the transaction is completed, though we're not yet…
  • Humana agrees to $37 billion buyout from Aetna

    Margie Manning
    3 Jul 2015 | 6:41 am
    Humana Inc., one of the Tampa Bay area’s largest employers, will be acquired by Aetna Inc. for $37 billion. The deal will create the second-largest managed health care company in the United States, Louisville Business First reported. Tampa Bay is the second-largest operations center for Louisville, Kentucky-based Humana (NYSE: HUM). The company employs about 4,000 people in the Tampa Bay area. Humana shareholders will receive about $230 per share under terms of the agreement, which has been…
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    Legal Services News - Legal Services News Headlines | Bizjournals.com

  • U.S. Court of Appeals says Apple did conspire to fix prices on eBooks

    Monica Mendoza
    3 Jul 2015 | 2:25 pm
    The U.S. Court of Appeals for the Second Circuit affirmed that Apple Inc. conspired with several publishers to set prices on eBooks. The court rejected Apple Inc.’s challenge to the ruling in State of Texas, et al. v. Penguin Group (USA) Inc., et. al. Instead, the appellate court affirmed the lower court’s finding that Cupertino, California-based Apple (NASDAQ:AAPL) conspired with several publishers to set prices on eBooks, an agreement that raised prices for consumers. Colorado was one of…
  • Von Briesen & Roper adds 19 attorneys, expands into Waukesha County

    Rich Kirchen
    3 Jul 2015 | 8:00 am
    Downtown Milwaukee-based law firm von Briesen & Roper S.C. said it added 19 attorneys in the quarter that ended June 30 and expanded into Waukesha County. The firm also expanded its Madison office with the addition of eight new lawyers there. In Madison, von Briesen & Roper will be located downtown and recently expanded into 15,000 square feet of office space. The Waukesha County offices are in Elm Grove and Delafield Von Briesen added lawyers from three firms: Melli Law S.C., de la Mora and de…
  • Health care ruling sends clear signal

    David Whaley
    3 Jul 2015 | 3:00 am
    Some employers have implemented the “ostrich” technique in complying with the Affordable Care Act, putting their head in the sand and hoping the law will disappear. The Supreme Court’s decision in King v. Burwell should be a signal that ignoring the law is no longer a viable compliance strategy. The ACA provides a series of sticks and carrots to encourage individuals to obtain health insurance. Higher taxes for individuals who fail to obtain health insurance operate as the sticks. The carrots…
  • Legal Briefs: Life gets tougher for class-action suits

    James Dornbrook
    3 Jul 2015 | 3:00 am
    With the U.S. Supreme Court shaking things up nationally the past few weeks, it would be understandable if local business owners missed two landmark cases in Missouri creating important precedents for class-action lawsuits. The 8th U.S. Circuit Court of Appeals affirmed a lower court’s dismissal of both cases. The rulings curbed two key practices plaintiff attorneys use in class-action suits in Missouri, making them a lot tougher to file. In Thomas v. U.S. Bank, the appeals court essentially…
  • Rule of law starts to lose meaning, and that should worry everyone

    Randy Evans
    3 Jul 2015 | 3:00 am
    In just one week, the U.S. Supreme Court changed the United States in more ways than an entire generation of elected public officials at the federal, state and local level. On issues ranging from health care to the definition of marriage, the highest court in the country set in motion policies that touch virtually every aspect of American life. Of course, all nine of the justices on the high court were appointed, not elected. None will ever face the voters and each has an appointment for life. This…
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    Logistics & Transportation News - Logistics & Transportation News Headlines | Bizjournals.com

  • Hawaii to collect unpaid airport landing fees from commercial aviation firms

    Shiwani Johnson
    3 Jul 2015 | 11:11 am
    Two commercial aviation users of Dillingham Airport on the North Shore of Oahu will pay three years of invoices for landing fees to the state of Hawaii, state officials said. Hawaii will continue to be able to charge landing fees to aircraft landing at state airports following a state Supreme Court decision to uphold the Department of Transportation's authority to charge such fees. Public Aviation Hawaii, Inc. and Hale Olele Corp. will pay $264,995 to the state. The two companies had previously…
  • The Carlyle Group acquires Lauderdale Marine Center

    Emon Reiser
    3 Jul 2015 | 6:00 am
    The Carlyle Group has acquired the largest yacht repair facility in the nation, the Washington D.C.-based company announced Wednesday. Lauderdale Marine Center will undergo minor renovations and several expansions, the global asset manager (Nasdaq: CG) said in a statement. Its immediate plans for the property include adding pavement to the southwest corner of the property for additional mega-yacht repair space, completing the renovations adjacent to the River Bend boatyard and developing a new management…
  • Orlando Transit exec to lead CATS

    Anjali Fluker
    3 Jul 2015 | 3:00 am
    After six months with no permanent leader at the helm, the Charlotte Area Transit System has a new top executive lined up. John Lewis Jr., CEO of the Central Florida Regional Transportation Authority’s bus system — coincidentally called Lynx, the same name given to Charlotte’s light-rail line — sent a letter of resignation to Teresa Jacobs, mayor of Florida’s Orange County, on Monday, stating that he has accepted the top job with CATS. His last day on the job with the Orlando, Fla., system…
  • Responding to criticisms, outside economist says Jaxport is 'relevant'

    Jensen Werley
    3 Jul 2015 | 3:00 am
    The port of Jacksonville is relevant, although it may not be for the reasons you'd think. While the port is scrambling to deepen the shipping channel in preparation for larger ships brought by the Panama Canal expansion, K.C. Conway, a port analyst and senior vice president for credit risk management at SunTrust Bank, argued that there are other, equally important ingredients to port success. Jacksonville happens to excel at many of them. “If you ask Volkswagen and Maersk if Jacksonville is…
  • E-commerce a significant factor in Henry County industrial market

    Martin Sinderman
    3 Jul 2015 | 3:00 am
    As consumers increasingly make their retail purchases over the Internet and retailers beef up their on-line sales-handling capabilities, the demand for e-commerce fulfillment centers has grown, which in turn has helped refuel the industrial construction fires in more than one market. Globally, e-commerce enjoyed impressive growth during 2014, according to a recent report from Criteo, a New York-based performance marketing technology company. Shoppers purchased some $1.5 trillion in goods and services…
 
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    Manufacturing News - Manufacturing News Headlines | Bizjournals.com

  • Columbus McKinnon to celebrate 175 years by ringing closing bell

    3 Jul 2015 | 9:37 pm
    One of the Buffalo area’s oldest manufacturers will mark its 175th anniversary by closing the NASDAQ market on Monday, July 7. Columbus McKinnon Corp. has been invited to Times Square to mark the occasion. Timothy Tevens, the company’s chief executive officer, will ring the closing bell at 4 p.m. Headquartered in Amherst, Columbus McKinnon (NASDAQ: CMCO) designs, manufactures and markets material handling products and systems. The business employs more than 2,700 workers at its various locations.
  • South Carolina conference highlights Boeing's rising profile in the South

    Steve Wilhelm
    3 Jul 2015 | 11:23 am
    Boeing (NYSE:BA) will sponsor South Carolina’s second annual aerospace conference next month, double the size of last year's, reflecting the company’s central presence in the state’s growing aerospace industry. S.C. Gov. Nikki Haley will deliver the opening remarks, and those are sure to focus on her hopes for growth at Boeing’s North Charleston site. “We are very excited to have Gov. Haley and Boeing engaged in the second annual aerospace conference,” South Carolina Commerce Secretary…
  • Entreprenuer's love of Candy Raisins reboots a Milwaukee favorite: Slideshow

    Rich Kirchen
    3 Jul 2015 | 7:00 am
    Delafield entrepreneur John Barker loves Candy Raisins enough to invest more than $1 million in reviving the beloved Milwaukee chewy classic. Barker, 43, also owns Arcon Manufacturing in the same building where he opened Candy Raisins maker Lake Country Candies. In late 2014 Barker reintroduced the Candy Raisins brand more than six years after it disappeared. The re-booted Candy Raisins from Barker’s company Lake Country Candies now are available throughout southeast Wisconsin at Walgreens, Sendik’s…
  • New Era Cap at home in Buffalo

    James Fink
    3 Jul 2015 | 6:00 am
    The New Era Cap Co. of today is a world apart from the company started in 1920 by Chris Koch’s great-grandfather, Ehrhart. His hat-making business evolved into an international leader of headwear, particularly baseball caps and other merchandise including backpacks. Headquartered in Buffalo, New Era employs more than 2,000 worldwide including about 500 on Delaware Avenue and at the Derby manufacturing plant. When Koch, 54, took over as CEO in 2002, the privately held firm had less than $100 million…
  • Our newest fashion accessory

    E.J. Boyer
    3 Jul 2015 | 4:00 am
    Nashville’s fashion industry took a step ahead this week. The city will soon have a new, roughly 20,000-square-foot apparel manufacturing factory, a missing but much-needed piece of infrastructure for clothing designers looking to launch a business here. Dean Wegner, owner of Omega Apparel, a private apparel manufacturing plant in Smithville, has signed a lease at 5225 Harding Place, in the Airpark Business Center, located just south of the airport. Wegner had originally scouted areas closer to…
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  • UNC seeks ad agency to freshen ESPN commercial

    Jason deBruyn
    3 Jul 2015 | 12:45 pm
    UNC-Chapel Hill is soliciting ad agencies to build a new television campaign to run on ESPN channels during football and basketball games. The “brand spot will be the primary paid advertising for the University for the year and so will need to clearly and compellingly share Carolina’s message,” according to a request for information put out by UNC. Responses are due July 10, but UNC has not yet asked for full proposals. In fact, the university specified that cost and pricing data should not…
  • Rumor: Disney's Hollywood Studios set for $3B expansion, new name

    Jim Carchidi
    3 Jul 2015 | 10:49 am
    Disney's Hollywood Studios may receive a $3 billion answer to the question: "What's in a name?" Take it with a grain of salt for now, but rumors behind the park's renovation at Walt Disney World Resort have reached critical mass and the truth may soon reveal the largest Disney park renovation in company history. A blog at entertainment website thisisinfamous.com reports a $3 billion park expansion is in the works that will include farewells to many favorites and welcome many long-awaited changes,…
  • Flick picks: 'Magic Mike,' 'Terminator Genisys' serve fans with a smile and a wink

    Annlee Ellingson
    3 Jul 2015 | 8:00 am
    Two beloved franchises return to the multiplex this week — one dating back more than three decades with four previous installments, the other just three years and bringing its first sequel. Both “Terminator Genisys” and “Magic Mike XXL” understand that ongoing series succeed by servicing their fans. But while “Genisys” is a decently entertaining Easter egg hunt with a big plot and bigger explosions, “XXL” is a hella fun, if naggingly problematic, road trip that examines its characters…
  • Upon further review, Yelp decides to put its sale on hold (Video)

    Madeline Bilis
    3 Jul 2015 | 6:27 am
    Yelp (NYSE: YELP) has decided for now not to sell itself, Bloomberg reported on Thursday, citing people with knowledge of the matter. The crowd-sourced review website previously hired Goldman Sachs to work on a possible sale. Yelp had several potential buyers, according to Bloomberg. While Yelp didn't confirm the halt of the sale, its stock value slipped more than 10 percent Thursday afternoon. Shares fell from $41.67 to $36.59. The stock had traded as high as $49.93 shortly after news that it…
  • Local entertainment startup plans to rock music monetization

    Dan Norton
    3 Jul 2015 | 5:39 am
    A Philadelphia-based entertainment company plans to upend artists' abilities to monetize their music by capitalizing on its voluminous collection of data that pinpoints similarities among consumers. PredPop picked apart 25 years of chart-topping songs and unearthed their links to each other, creating an interactive map of the data. The project is free to the public, and it was built as a gateway to the local startup's future, for-profit plans. "People may not have realized if two artists collaborated…
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    Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com

  • In surprise move, Planning Commission may seek to halt some Mission housing

    Cory Weinberg
    3 Jul 2015 | 3:21 pm
    The Planning Commission will vote next week whether it should decide on one of San Francisco’s most contentious policy debates: whether market-rate apartment and condominium projects should continue to get built in the Mission District. With a similar measure heading toward November’s ballot after the Board of Supervisors rejected a market-rate moratorium last month, the Planning Commission’s entrance into the debate is unexpected. It would be the first time the body has initiated a debate…
  • Patti Payne's Cool Pads: Musician's $1.25M town home in Seattle's chic 'Sanctuary' sells lightening fast

    Patti Payne
    3 Jul 2015 | 6:50 am
    A unique, $1.25 million town home at 1517 E. Denny Way sold almost as soon as it hit the market last month. The Sanctuary, an architecturally significant 12-unit boutique community of town homes built in a century-old Christian Science church in Capitol Hill is described as New York City chic. The former owner, Steve Scalfati, was thrilled. He was the first owner in the building and lived there for three years before he decided to sell. Scalfati has lived in the Seattle area since he was 9 years…
  • Top of the Phoenix Lists: Residential Real Estate Brokers

    Dale Brown
    3 Jul 2015 | 6:00 am
    HomeSmart Phoenix ran its string of No. 1 placings on the Phoenix Business Journal’s Residential Real Estate Brokers list to four with its performance on the 2015 version of the list, published today. The list was ranked by residential sales volume for 2014. HomeSmart Phoenix reported $5.09 billion in sales, while runner-up Russ Lyon | Sotheby’s International Realty reported $2.85 billion. Third was West USA Realty with $2.5 billion. Click the image above to see a slideshow of the top five…
  • Micro in size — but not in rent

    Adam Sichko
    3 Jul 2015 | 4:00 am
    For the latest reminder of how scorching-hot Nashville’s apartment market has become, drive past the corner of 22nd Avenue North and State Street, in Midtown. A complex named Edge Midtown opens there in August. For $1,611 a month, a 504-square-foot unit is yours. Put another way, that’s $3.20 for every square foot of that unit — an astounding, head-spinning rent that reinforces how fast Nashville’s “It City” boom has accelerated. That’s especially so when you consider that these apartments…
  • From the Editor: You want how much?

    Lori Becker
    3 Jul 2015 | 4:00 am
    I had another flashback this week. This time, I was thinking of the 1,000-square-foot, two-bedroom downtown loft my husband and I rented when we moved to Nashville. It was in the heart of the city. My neighbors included a Tennessee Titans linebacker and an art gallery owner. Our monthly rent was $1,100 (or $1.10 per square foot). Nashville was still reeling from the recession, so we recognized that we got a cool pad on the cheap. This week, I had to remind myself that was just a short six years…
 
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    Retailing & Restaurants News - Retailing & Restaurants News Headlines | Bizjournals.com

  • Triangle Treats: July 3

    Dathan Kazsuk
    3 Jul 2015 | 1:30 pm
    Did you know that Greensboro-based Biscuitville has been having its annual biscuit Bake-Off competition for the past 15 years? I sure didn’t. But they just named the grand champion of this years biscuit-making contest, which included more than 100 Biscuitville team members from the 54 company-owned restaurants in North Carolina and Virginia. Greg Kearns, operator of the N. Fayetteville Street restaurant in Asheboro was named Grand Champion biscuit maker among managers. Maroua Abbou, from the S.…
  • American Logistics Association to host Hawaii product showcase for military commissaries next month

    Darin Moriki
    3 Jul 2015 | 11:22 am
    The Honolulu-based American Logistics Association will hold its annual Hawaii expo in Waikiki next month for local companies seeking to get their products on the shelves at Isle military commissaries. Officials with the nonprofit American Logistics Association say they're trying to simplify the process by connecting small businesses with retailers across all military branches. "For any small company, it's hard because when you sell products, whether it be to the military or any retailer, you have…
  • Winn-Dixie to donate July 4 profits to Wounded Warrior Project

    Ryan Phillips
    3 Jul 2015 | 10:18 am
    July 4 will be one of the busiest days for the Winn-Dixie grocery chain and the company plans to use that customer influx to give back to military veterans injured while in service. Winn-Dixie – with 78 stores in Alabama – this week announced it would donate every last cent of profit generated on Saturday to the Wounded Warrior Project, which is a charitable organization that aids military veterans affected physically or mentally by combat. Drew Elkins, regional vice president for BI-LO Holdings…
  • Report: Private-equity firm lining up bid for Charlotte-based Belk

    Jennifer Thomas
    3 Jul 2015 | 9:28 am
    New York private-equity firm Sycamore Partners is finalizing the financing for the potential acquisition of Charlotte-based Belk Inc. in a deal that could total up to $3.5 billion, Reuters is reporting. It would by Sycamore’s largest deal to date, the report says. Through a spokeswoman, Belk declined to comment Friday. Belk confirmed in April that it had hired Goldman Sachs Group Inc. to evaluate its options for the future. At the time, Belk issued a statement saying it has an obligation to…
  • Wallets get a little fatter for Tampa Bay’s richest families

    Margie Manning
    3 Jul 2015 | 8:00 am
    The three Tampa Bay families on Forbes list of America’s Richest Families added to their wealth in the past year. The Jenkins, Glazer and Lykes families each make repeat appearances on the second annual list by Forbes, which profiles the 200 wealthiest clans in the United States. Families needed a combined net worth of $1.2 billion to make the cut, Forbes said. The Jenkins family, which owns about 20 percent of the stock of Tampa Bay’s biggest company, Publix Super Markets Inc., has a combined…
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  • Wallets get a little fatter for Tampa Bay’s richest families

    Margie Manning
    3 Jul 2015 | 8:00 am
    The three Tampa Bay families on Forbes list of America’s Richest Families added to their wealth in the past year. The Jenkins, Glazer and Lykes families each make repeat appearances on the second annual list by Forbes, which profiles the 200 wealthiest clans in the United States. Families needed a combined net worth of $1.2 billion to make the cut, Forbes said. The Jenkins family, which owns about 20 percent of the stock of Tampa Bay’s biggest company, Publix Super Markets Inc., has a combined…
  • Masters champ Bubba Watson will paint over Confederate flag on General Lee car from “Dukes of Hazzard”

    Carla Caldwell
    3 Jul 2015 | 5:12 am
    Two-time Masters champion and University of Georgia graduate Bubba Watson says he will replace the Confederate flag painted atop his General Lee car with an American flag. The car was used in the popular 1980s television show "Dukes of Hazzard." Watson tweeted Thursday night: “All men ARE created equal, I believe that so I will be painting the American flag over the roof of the General Lee #USA.” As of early Friday, the tweet had been retweeted 1,000 times and “favorited” 2,000 times.…
  • American Pharoah's next race will be in August

    3 Jul 2015 | 3:25 am
    If you're an American Pharoah fan, save this date: Sunday, Aug. 2. That's when the Triple Crown champion will have his first race since winning the Belmont Stakes, the Lexington Herald-Leader reports. Owner Ahmed Zayat said he and trainer Bob Baffert plan to run American Pharoah in the Grade I, $1 million Haskell Invitational at Monmouth Park in Oceanport, N.J. Zayat told the Herald-Leader that the 1 1/8-mile race "worked perfectly" in terms of timing and creating an atmosphere worthy of a Triple…
  • Bucks Park East land deal goes far beyond $1 offer

    Mark Kass
    3 Jul 2015 | 3:00 am
    Is the vacant land in the Park East Corridor that the Milwaukee Bucks want to buy really only worth a dollar? I’ve been asked that question a number of times by friends and business colleagues in recent weeks since the details were revealed of the Bucks’ offer to buy the high-profile 10-acre site that has been vacant for nearly 15 years. The Bucks owners envision that land, north of Juneau Avenue and west of the Milwaukee River, will support about $400 million in mixed-use development around…
  • Viewfinder: A photo tour of The K in repose

    Andrew Grumke
    3 Jul 2015 | 3:00 am
    While the boys in blue were on the road, the looming scoreboard slept silently back at The K as I visited for a recent photo shoot for a coming cover story. Patiently awaiting their return, yet noticeably absent, were the bright lights, smells of tailgating and calls for ice-cold beer. With Zen-like perfection, the groundskeepers peacefully tended to the field as I stepped, apologetically, through the freshly raked clay. It did not take long to see that Kauffman Stadium holds a unique brand of beauty,…
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    Technology News - Technology News Headlines | Bizjournals.com

  • Solar Impulse 2 landing in Hawaii highlights state’s renewable energy goals: Slideshow

    Janis L. Magin
    3 Jul 2015 | 4:11 pm
    Solar Impulse 2 made its first U.S. landing Friday in Hawaii, an event that highlights the state’s goals to create a clean energy sector that has “tremendous economic potential,” the head of the State Energy Office said after the solar-powered aircraft touched down at Kalaeloa Airport in West Oahu. The Swiss-made Solar Impulse 2 landed at Kalaeloa Airport in West Oahu shortly after sunrise Friday morning after flying for five days from Nagoya, Japan, the longest leg in its around-the-world…
  • South Carolina conference highlights Boeing's rising profile in the South

    Steve Wilhelm
    3 Jul 2015 | 11:23 am
    Boeing (NYSE:BA) will sponsor South Carolina’s second annual aerospace conference next month, double the size of last year's, reflecting the company’s central presence in the state’s growing aerospace industry. S.C. Gov. Nikki Haley will deliver the opening remarks, and those are sure to focus on her hopes for growth at Boeing’s North Charleston site. “We are very excited to have Gov. Haley and Boeing engaged in the second annual aerospace conference,” South Carolina Commerce Secretary…
  • A growing Concur Technologies soon will occupy half of this Bellevue office tower

    Marc Stiles
    3 Jul 2015 | 7:01 am
    Concur Technologies has been on a big growth spurt since moving from Redmond to downtown Bellevue two years ago, and now it's growing even more. Iniitially, the company inked a lease for 123,000 square feet for its headquarters in the Key Center building, 601 108th Ave. N.E. Currently, Concur occupies 180,000 square feet, and is planning to grow into another 63,000 square feet over the next 12 months, Al Kinisky, Concur's senior director of global real estate, said last week. Concur was acquired…
  • Upon further review, Yelp decides to put its sale on hold (Video)

    Madeline Bilis
    3 Jul 2015 | 6:27 am
    Yelp (NYSE: YELP) has decided for now not to sell itself, Bloomberg reported on Thursday, citing people with knowledge of the matter. The crowd-sourced review website previously hired Goldman Sachs to work on a possible sale. Yelp had several potential buyers, according to Bloomberg. While Yelp didn't confirm the halt of the sale, its stock value slipped more than 10 percent Thursday afternoon. Shares fell from $41.67 to $36.59. The stock had traded as high as $49.93 shortly after news that it…
  • Center City will be fenced in during Pope Francis visit: Sources

    Vince Lattanzio
    3 Jul 2015 | 5:47 am
    Philadelphia officials plan to construct an 8-foot tall fence to enclose a more than 4 mile stretch of Center City for Pope Francis' visit in September, multiple sources with knowledge of security plans tell NBC10. The perimeter fence will start to be erected on Monday, September 21 and cover a 4-and-a-half mile swath of downtown. The area will then be swept by security personnel and go through rolling security checks through the weekend, sources said. On Friday, September 25, the day before the…
 
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    Travel Business News - Travel Business News Headlines | Bizjournals.com

  • Hawaii seeks contractor for $4M in improvements for Kalaeloa Aiport

    Jason Ubay
    3 Jul 2015 | 12:22 pm
    The Hawaii Department of Transportation, Airports Division has released a request for proposals for new hangars and infrastructure improvements, an estimated $4 million project at West Oahu’s Kalaeloa Airport, where the Solar Impulse solar-powered aircraft landed Friday after a five-day flight from Japan. The proposal calls for the construction of several pre-engineered, light-gauge steels structure under 12,000 square feet. Each structure will have eight hangar bays with a utility room and either…
  • Rumor: Disney's Hollywood Studios set for $3B expansion, new name

    Jim Carchidi
    3 Jul 2015 | 10:49 am
    Disney's Hollywood Studios may receive a $3 billion answer to the question: "What's in a name?" Take it with a grain of salt for now, but rumors behind the park's renovation at Walt Disney World Resort have reached critical mass and the truth may soon reveal the largest Disney park renovation in company history. A blog at entertainment website thisisinfamous.com reports a $3 billion park expansion is in the works that will include farewells to many favorites and welcome many long-awaited changes,…
  • Editor’s picks: Examining craft beer's biggest threat: drought

    Steven Goldsmith
    3 Jul 2015 | 7:08 am
    With a record heat wave and a holiday weekend to build up your thirst, this may not come as welcome news: Washington state’s beer industry faces a threat. It’s the statewide drought. Beer is 75 percent water, but that’s not the problem. The problem is hops. Prices for this grown-in-Washington ingredient – which is one of the main flavors in many varieties of beer – are soaring in part because of reduced water allocations for the Yakima Valley farmers who produce most of the nation’s…
  • Mexico's biggest hotel operator to debut in Miami

    Lewis Lazare
    3 Jul 2015 | 6:30 am
    Grupo Posadas, a major player in the Mexican hospitality industry, is joining forces with Las Vegas-based private equity firm Bighorn Capital to bring the GP's high-end boutique hotel brand, Live Aqua, to Miami. Per its agreement with Grupo Posadas, Bighorn Capital will invest $450 million to develop Live Aqua properties in Miami and four other United States markets — Los Angeles, Chicago, Houston and Washington, D.C. Grupo Posadas said these five markets were initially targeted for the new hotels…
  • The Carlyle Group acquires Lauderdale Marine Center

    Emon Reiser
    3 Jul 2015 | 6:00 am
    The Carlyle Group has acquired the largest yacht repair facility in the nation, the Washington D.C.-based company announced Wednesday. Lauderdale Marine Center will undergo minor renovations and several expansions, the global asset manager (Nasdaq: CG) said in a statement. Its immediate plans for the property include adding pavement to the southwest corner of the property for additional mega-yacht repair space, completing the renovations adjacent to the River Bend boatyard and developing a new management…
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  • More on the cover story: Colorado Aquaponics raises protein, produce in innovative ecosystem (Video)

    Kathleen Lavine
    3 Jul 2015 | 3:05 am
    JD Sawyer and his wife, Tawnya own and run Colorado Aquaponics. It is self-described as a "re-circulating little ecosystem". The water used benefits both plants and fish. From this farming business comes greens sold to local chefs as well as striped hybrid bass sold at the neighboring market. In the video above, Sawyer the Aquaponics ecosystem works in creating fish and produce that is then sold in stores.
  • Spotlight on ... Heather Wong, winner, Calling All Dreamers

    Sonya Sorich
    3 Jul 2015 | 3:00 am
    Entrepreneur Heather Wong was ready for a career that involved less time on the road, so the longtime foodie set her sights on opening a local spice shop. So far the plan is working well. She won this year’s Calling All Dreamers retail business plan competition. The contest, presented by the Downtown Sacramento Foundation, includes a prize package valued at $100,000, which will help Wong open a retail store in downtown Sacramento. What were you doing before entering Calling All Dreamers? “I…
  • Zeppa brothers zero in on a career

    Wesley Kerrick
    3 Jul 2015 | 3:00 am
    By their mid-teens, brothers Andre and Antonio Zeppa were already burgeoning entrepreneurs. Now, in their 20s, they own Zeppa’s, which has grown into a full-service landscape and hardscape company. The brothers founded the business in 2010 and have added a service or two each year. And each year revenue has nearly doubled. Zeppa’s crews now design and install retaining walls, steps, outdoor fireplaces and outdoor kitchens, water features, irrigation systems and landscape lighting. They plant…
  • Banner year for SBA loans, dollars up 20 percent

    Patty Tascarella
    2 Jul 2015 | 10:39 am
    It’s big year for Pittsburgh companies seeking U.S. Small Business Administration guaranteed loans. With three months to go, volume has already passed the total for full-year 2014 by $25 million, or 20 percent, according to data released by the SBA Pittsburgh District office. During the nine months ended June 30, 507 loans were approved, topping $152 million. During the full 2014 fiscal year, which ended Sept. 30, the region had 594 loans at a combined $127 million. The top lender by deals and…
  • Don't treat failure like a badge of honor

    Bob Niedt
    2 Jul 2015 | 8:16 am
    Failure isn't pretty — unless, perhaps, you're in the startup world. In those circles, failure is often worn like a badge of honor — celebrated or shrugged off— and the bigger the fail, the bigger the badge. But the recent failure of D.C.-based Disruption Corp., which was absorbed by 1776, is not being taken lightly by one angel investor, who spewed venom and a rant at the industry and at Paul Singh, the founder and CEO of Disruption. It was Singh's seemingly casual dismissal of Disruption's…
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    Albany Business News - Local Albany News | Business Review of Albany

  • LaQuinta Inn & Suites latest hotel targeting Clifton Park

    Michael DeMasi
    2 Jul 2015 | 11:52 am
    On the heels of another hotel getting approved in Clifton Park, New York, officials received yet another proposal, this one for a LaQuinta Inn and Suites. At this point, you need a scorecard to keep track of all the hotels in the suburban Saratoga County town north of Albany. A half-dozen have been built or proposed over the past four years as developers are buoyed by strong occupancy rates in the region and low borrowing costs. The latest proposal comes from Casco Hospitality LLC, which wants…
  • Why a Ukrainian credit union is opening a new Albany, New York branch

    Chelsea Diana
    2 Jul 2015 | 11:11 am
    The only Ukrainian Federal Credit Union branch in Albany, New York is relocating from Route 2 in Watervliet to Route 9 in Colonie later this year. Ukrainian FCU is headquartered in Rochester, New York, with locations across the state in Syracuse, Buffalo and Albany. It also has branches in Boston, Sacramento, Portland, Oregon, and Vancouver, Washington. Ukrainian FCU has more than $180 million in assets between the branches. It's the only ethnic-based credit union in the Albany area, according…
  • How do you get faster Internet in Albany, New York? This group is looking for the answer

    Chelsea Diana
    2 Jul 2015 | 8:50 am
    Albany, New York is creating a working group to study the speed of the city's broadband Internet connection for residents and businesses. The task force will assess the strengths and weaknesses of Internet access in the city. It will find out what prevents some residents and businesses from getting fast and affordable Internet and find out what needs to be changed. The goal is to recommend options and funding potential to improve the city's Internet access. “The first step is asking the right…
  • Why June's job numbers are disappointing (Video)

    Kent Hoover
    2 Jul 2015 | 7:23 am
    The economy added 223,000 jobs in June and the unemployment rate fell to 5.3 percent, but some economists are disappointed. Why? Wages remained flat and the labor participation rate fell to 62.6 percent, the lowest rate since October 1977. That’s the mixed message contained in Thursday’s jobs report from the Bureau of Labor Statistics. The gain of 223,000 jobs was below the average monthly gain of 250,000 for the previous 12 months. The professional and business services sector was strong,…
  • Paypal buys Xoom for $890 million

    Patrick Chu
    2 Jul 2015 | 4:43 am
    Paypal said it agreed to buy San Francisco-based digital money transfer provider Xoom for $890 million, or $25 a share in cash. Xoom helps people in the U.S. transfer money to relatives in places such as Mexico, the Philippines, China and India using smartphones, tablets and computers. In 2014, Xoom had more than 1.2 million active customers that sent nearly $7 billion that year. Ironically, PayPal will pay cash for Xoom shares because it hasn't yet gone public. Its separation from Ebay is expected…
 
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    Albuquerque Business News - Local Albuquerque News | Albuquerque Business First

  • The List: New Mexico's top-selling vehicles

    Brandon J. Call
    3 Jul 2015 | 6:02 am
    For the 12th-consecutive year, since the inception of Albuquerque Business First's first best-selling vehicles lists, the Ford F-150 is still New Mexico's most popular. That's according to Experian AutoCount, which tracks new car registrations in the state. Access the accompanying slideshow to see the rest of the top-five best-selling vehicles in 2014 in both the new and used categories. For the full list, including New Mexico market share, be sure to pick up the July 3 weekly edition of Business…
  • Close competition: U.S. Eagle FCU to build near Main Bank's new HQ

    Sal Christ
    2 Jul 2015 | 1:31 pm
    Main Bank is launching into construction of ambitious new headquarters at 7300 Menaul Blvd. NE, between Pennsylvania Street and Louisiana Boulevard. And now it appears it will eventually have some competition — literally next door. U.S. Eagle Federal Credit Union owns the property directly neighboring the Main Bank site near Albuquerque's Uptown corridor. And while construction hasn't yet begun, dirty will likely start to move next summer. "U.S. Eagle does own the lot adjacent to the new Main…
  • Hubbard's Reelz picks up Trump's Miss USA pageant

    Clare Kennedy
    2 Jul 2015 | 1:08 pm
    Hubbard Broadcasting Inc.'s Reelz TV network has acquired the rights to the Miss USA pageant after it was unceremoniously dumped by NBC following controversial remarks by co-owner Donald Trump. The Albuquerque-based station claims to have a presence in 70 million homes. NBC backed out of the show after Trump characterized Mexican immigrants as drug dealers and rapists during his first campaign speech as a 2016 presidential hopeful. Macy's also severed its relationship with Trump. Reelz, a cable…
  • Intel President Renée James to depart amid sweeping leadership shake-up

    Malia Spencer
    2 Jul 2015 | 1:01 pm
    Intel Corp. President Renée James is leaving the company after 28 years. The Santa Clara, California-based chipmaker (NASDAQ: INTC) announced the move Thursday in a round of sweeping leadership changes. Intel's Fab11x facility has about 2,300 employees in Rio Rancho, located northwest of Albuquerque. James told the company's board that she is leaving to pursue an external CEO role. She will stay on board until January to help with the transition. That James would leave to assume the CEO post elsewhere…
  • New Mexico's workforce issues are being addressed, CEO Rockwell says

    Dan Mayfield
    2 Jul 2015 | 12:48 pm
    John Rockwell had one big takeaway from this week’s New Mexico Workforce Development board meeting: Though New Mexico has issues, they’re being addressed. The state board, chaired by Rockwell, the CEO of both Marpac and Sierra Peaks in Albuquerque, met with Gov. Susana Martinez and several cabinet secretaries to discuss the " New Mexico Workforce Innovation and Opportunity Act," which Martinez recently signed. From trying to find highly-trained doctors to finding entry-level employees, those…
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    Atlanta Business News - Local Atlanta News | Atlanta Business Chronicle

  • Delta's unretired NWA Boeing 747 makes emergency landing in Ireland

    Jim Hammerand
    3 Jul 2015 | 11:57 am
    The ex-Northwest Airlines Boeing 747 that was unretired by Delta Air Lines Inc. this week made an emergency landing due to a smoke alarm Friday. Delta Flight 73 from Amsterdam to Atlanta diverted to Ireland's Shannon Airport and landed without incident or any injuries, Delta confirmed. The plane was carrying 376 passengers and 16 crew. The crew discharged fire suppressors in the rear cargo hold and dumped jet fuel for what would have been a long flight across the North Atlantic before landing. The…
  • LIST: Georgia’s top public companies and their highest paid execs

    Patsy Conn
    3 Jul 2015 | 5:58 am
    Atlanta Business Chronicle’s July 3, 2015, edition features lists of Georgia’s Top 50 Public Companies, 25 Highest-Paid Executives of Georgia Public Companies, Atlanta’s Top 10 Office Complexes, and Chambers and Economic Development Agencies. The five largest public companies remain unchanged from last year. The Home Depot Inc. ranks No. 1 with more than $83.1 billion in revenue, followed by United Parcel Service Inc., The Coca-Cola Co. (NYSE: KO), Delta Air Lines Inc. (NYSE: DAL) and Aflac…
  • Snapshot: Aetna to buy Humana for $37 billion + BP to pay $18.7 billion to settle claims in Gulf oil spill

    Carla Caldwell
    3 Jul 2015 | 5:21 am
    Weather Friday: Partly cloudy with afternoon storms. High: 86. Chance of precipitation is 40 percent. Friday night: Scattered thunderstorms. Low: 70. Chance of precipitation is 40 percent. Click here for more weather information from Atlanta Business Chronicle broadcast partner WXIA-TV. Today’s Talkers Aetna to buy Humana for $37 billion. Click here to read more. BP PLC agreed to pay $18.7 billion to settle all federal and state claims arising from the 2010 Deepwater Horizon oil spill, including…
  • Masters champ Bubba Watson will paint over Confederate flag on General Lee car from “Dukes of Hazzard”

    Carla Caldwell
    3 Jul 2015 | 5:12 am
    Two-time Masters champion and University of Georgia graduate Bubba Watson says he will replace the Confederate flag painted atop his General Lee car with an American flag. The car was used in the popular 1980s television show "Dukes of Hazzard." Watson tweeted Thursday night: “All men ARE created equal, I believe that so I will be painting the American flag over the roof of the General Lee #USA.” As of early Friday, the tweet had been retweeted 1,000 times and “favorited” 2,000 times.…
  • Zagat names ‘10 Amazing Atlanta Breakfast Spots’ (LIST)

    Carla Caldwell
    3 Jul 2015 | 4:28 am
    Zagat has released a list of what the food guide says are 10 "amazing" breakfast spots in Atlanta. The list includes restaurants spread across the city. On the list are: Buttermilk Kitchen (Buckhead) Empire State South (Midtown) Ria’s Bluebird (Grant Park) The General Muir (Druid Hills) The Silver Skillet (Home Park) Click here to view the complete list of 10 restaurants and to view descriptions, hours of operation and addresses.
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    Austin Business News - Local Austin News | Austin Business Journal

  • Whole Foods CEOs admit to overcharging, say it was unintentional

    Michael Theis
    2 Jul 2015 | 12:56 pm
    In response to a New York City investigation into pricing at Whole Foods Market Inc., co-CEOs Jon Mackey and Walter Robb admitted Thursday that the company had incorrectly charged customers for pre-packaged food sold by weight. The admission came in the form of a video posted to YouTube that featured Mackey and Robb standing in a produce section, explaining their company's transgressions, but insisting that any errors were unintentional. The pair also unveiled a series of steps the company was taking…
  • Best Places to Work: Realty Austin grabs No. 1 spot by keeping it real

    Chad Swiatecki
    2 Jul 2015 | 11:49 am
    There are no ping pong tables, bean bags or community fitness equipment in the office of Realty Austin. Co-owners Yvette and Jonathan Boatwright know the way to be a high-quality employer isn’t by emulating trendy tech startups and the clichés of Silicon Valley culture. Instead, the couple spends their time and energy giving their 325 Realtors all the training, tools and resources they need to be successful at closing deals and marketing themselves as knowledgeable real estate experts. That…
  • Shareholders OK $11.8B Freescale buyout

    Christopher Calnan
    2 Jul 2015 | 8:55 am
    As expected, shareholders of Freescale Semiconductor Ltd. and NXP Semiconductors NV overwhelmingly approved the $11.8 billion merger of the two semiconductor companies. More than 99 percent of the votes cast favored the deal during a special general meeting on Thursday, according to a company announcement. Austin-based Freescale (NYSE: FSL) develops chips used in automobiles, consumer products, telecommunications infrastructure and industrial equipment. The company was spun out of Motorola Inc.…
  • Hundreds wanted ASAP: Invenio plans rapid expansion

    Chad Swiatecki
    2 Jul 2015 | 6:08 am
    Invenio Solutions, an Austin-based company that handles business-to-business lead generation and sales activities for major brands such as Dell, American Express and AT&T, has announced plans to add more than 100 employees to its Austin headquarters by the end of August. The hires will bring the company’s headcount to more than 600, with most of those centered in Austin and its other main office in Winchester, Virginia. The positions will mostly be in Invenio’s sales department, handling four…
  • Prosecutor to seek felony charge against Texas AG Paxton in securities case

    Lance Murray
    2 Jul 2015 | 6:04 am
    Texas Attorney General Ken Paxton has started building a defense team as special prosecutors are preparing to present evidence to a Collin County grand jury alleging that he committed a first-degree felony in a securities case. The Texas Tribune reported that special prosecutor Kent Schaffer and co-counsel Brian Wice plan to present evidence in less than a month that Paxton violated the Texas Securities Act. Paxton has hired Dallas attorney Joe Kendall, a former federal judge, to represent him…
 
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    Baltimore Business News - Local Baltimore News | Baltimore Business Journal

  • Inner Harbor crowd for July 4 fireworks expected to be on par with previous years despite safety concerns

    Asha Glover
    2 Jul 2015 | 11:56 am
    Organizers of Saturday’s Fourth of July Celebration at the Inner Harbor say they don’t expect the lingering affects of April’s riots to result in smaller crowds. Some 25,000 to 50,000 people typically attend the fireworks event, the Baltimore Office of Promotion and the Arts estimates. Tracy Baskerville, a spokeswoman for the agency, anticipates this year’s attendance to be on par. “We haven’t received any indications about people being fearful of the event,” Baskerville said in an…
  • Former USM Chancellor Brit Kirwan named to School of Medicine board

    Sarah Gantz
    2 Jul 2015 | 11:48 am
    University System of Maryland Chancellor William “Brit” E. Kirwan may be retired from the position he held for 13 years, but he’s not leaving the state university system for good. Kirwan is among three community leaders named to the University of Maryland School of Medicine’s board. The appointment took effect July 1. Other newcomers to the board are: Louis F. Angelos, an attorney with the Law Offices of Peter G. Angelos and an ownership representative of the Baltimore Orioles. Abba David…
  • Canton Crossing apartment complex gets design approval

    Sara Salinas
    2 Jul 2015 | 10:20 am
    A proposal to build Canton Crossing’s sole residential property received approval from the city’s design panel Thursday. Architect Alexander Design Studios presented a second version of its plan for a 350-unit apartment complex to the Urban Design and Architecture Review Panel. It had significant changes from the group's presentation in April. The site plan calls for 9,000 square feet of ground-floor retail in addition to the residential units. Because of zoning restrictions, the apartment…
  • McKeldin Fountain demolition should wait, American Institute of Architects says

    James Briggs
    2 Jul 2015 | 9:41 am
    An architecture trade group wants to slow down the wrecking ball that's aimed at the McKeldin Plaza fountain. The American Institute of Architects' Baltimore chapter on Thursday issued a statement urging a halt to demolition until plans are finalized for the plaza to be completely redeveloped. The statement came hours before Downtown Partnership of Baltimore Inc. and its architects were scheduled to present an update to the city on plans for McKeldin Plaza. "We propose that no demolition should…
  • Mortgage rates above 4 percent are becoming normal again

    Jeff Clabaugh
    2 Jul 2015 | 8:28 am
    Long-term borrowing costs rose this week, with the average rate on a 30-year fixed-rate mortgage holding above 4 percent for the third consecutive week. Freddie Mac (OTS: FMCC) says 30-year rates averaged 4.08 percent in the week ending July 2, up from 4.02 percent last week. A year ago, 30-year rates averaged 4.12 percent. A 15-year fix averaged 3.24 percent this week, up from 3.21 percent. A one-year adjustable-rate mortgage averaged 2.52 percent, up form 2.50 percent. The Mortgage Bankers Association…
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    Birmingham Business News - Local Birmingham News | Birmingham Business Journal

  • MGM Resorts eyeing Atlanta for casino

    Dave Williams
    3 Jul 2015 | 12:09 pm
    MGM Resorts International is interested in building a $1 billion casino resort in downtown Atlanta that would create 3,500 permanent jobs, the General Assembly’s leading economic development policy maker said Thursday. “I’ve seen it, the conceptual plan at least,” state Rep. Ron Stephens, R-Savannah, told Atlanta Business Chronicle. “It will compare with anything in Las Vegas.” Major hurdles would have to be overcome, however, before the project could become reality. Casino gambling…
  • Are airlines pinching wallets by trimming seats? (Video)

    3 Jul 2015 | 11:59 am
    Are airlines pinching wallets by trimming seats? (Video)
  • Report: Walter Energy bankruptcy talks accelerate

    Ryan Phillips
    3 Jul 2015 | 11:41 am
    Walter Energy Inc.'s negotiations with creditors are accelerating and could trigger a bankruptcy filing by July 15, according to a report. Bloomberg is reporting that the Birmingham-based coal company and its senior creditors are in negotiations that could result in the company being handed over to lenders. The company has declined to comment on the report. Lenders are offering to back a loan to fund the company's operations during bankruptcy and are asking for union support of the plan in exchange…
  • Winn-Dixie to donate July 4 profits to Wounded Warrior Project

    Ryan Phillips
    3 Jul 2015 | 10:18 am
    July 4 will be one of the busiest days for the Winn-Dixie grocery chain and the company plans to use that customer influx to give back to military veterans injured while in service. Winn-Dixie – with 78 stores in Alabama – this week announced it would donate every last cent of profit generated on Saturday to the Wounded Warrior Project, which is a charitable organization that aids military veterans affected physically or mentally by combat. Drew Elkins, regional vice president for BI-LO Holdings…
  • Schilleci & Tortorici make Pepper Place home for law practice

    Bryan Davis
    3 Jul 2015 | 8:41 am
    Lakeview's Pepper Place has become synonymous with boutique shops and innovative businesses. A law firm at the Pepper Place Showrooms building may seem out of place at first, but Schilleci & Tortorici PC's boutique practice fits right in with the building's other tenants. Joseph Schilleici and his first cousin Jason Tortorici have opened in Suite E, a 1,500-square-foot space in the building. Jerry Grant with Graham & Co. handled the lease for the duo, while Rob Tate with Sloss Real Estate represented…
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    Boston Business News - Local Boston News | Boston Business Journal

  • Worcester Academy purchases remaining St. Vincent Hospital property

    Jessica Bartlett
    2 Jul 2015 | 10:42 am
    Worcester Academy has paid $3 million for former St. Vincent Hospital property on Providence Street in Worcester, paving the way for a new performing arts center. The transaction closed June 30 and is the third such purchase Worcester Academy has made from St. Vincent, which sold its former home to developer Liberty Properties and moved further downtown in 2000. In 2007, Worcester Academy purchased six acres from Liberty Cos. In 2010, the school purchased another three acres from the same developer.…
  • Despite AG report, mental health and addiction advocate says problems can be overcome

    Jessica Bartlett
    2 Jul 2015 | 9:29 am
    Attorney General Maura Healey's report on the disconnect of mental health services within insurers and providers is no surprise to Vic DiGravio. President and CEO for the Association for Behavioral Healthcare, a lobbying group that represents 86 behavioral health care organizations, DiGravio says that finding a way for providers to treat mental health conditions as if they were medical conditions is his biggest priority. "As we work towards the 'Triple Aim' (better quality, increased access, controlled…
  • Vertex wins big with approval of new cystic fibrosis drug

    Don Seiffert
    2 Jul 2015 | 9:09 am
    The Food and Drug Administration has approved a potential blockbuster drug by Boston-based Vertex Pharmaceuticals (Nasdaq: VRTX) to treat cystic fibrosis that is expected to make the company profitable within three years. The drug, called Orkambi, is a combination of the company's existing drug, Kalydeco, with a new drug which makes it usable by about four times as many patients with the disease. The drug is expected to generate $5 billion in revenue by 2018. A letter from the FDA confirmed the…
  • Will New Hampshire's new ban on drivers holding mobile phones make the state safer? The data's not clear.

    Eric Convey
    2 Jul 2015 | 8:30 am
    With New Hampshire joining the ranks of a dozen-plus states that ban driver use of hand-held mobile phones, it seemed a good time to ask a simple question: Do the bans really make us safer? Common sense would dictate so. Talking while driving isn't very smart. Who hasn't had the experience of seeming some knucklehead commit a traffic atrocity while yapping away on a phone firmly planted to his or her ear? The reality, however, is a little more complicated. A review of National Highway Traffic…
  • Suffolk University sheds buildings, redirects proceeds for campus upgrades

    Craig Douglas
    2 Jul 2015 | 8:29 am
    Suffolk University has sold two of its Boston-campus properties for $43.5 million to an affiliate of Center Court Properties of New York. The deal closed July 1 and came roughly five months after Suffolk first tapped JLL’s capital markets team in Boston to list the properties. The sale included the Gleason L. & Hiram J. Archer building at 20 Derne St. and the Frank J. Donahue Building at 41 Temple St. Based at 156 West 56 St. in New York, Center Court Properties is run by David Ridini, Dave Raftery…
 
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    Buffalo Business News - Local Buffalo News | Business First of Buffalo

  • Columbus McKinnon to celebrate 175 years by ringing closing bell

    3 Jul 2015 | 9:37 pm
    One of the Buffalo area’s oldest manufacturers will mark its 175th anniversary by closing the NASDAQ market on Monday, July 7. Columbus McKinnon Corp. has been invited to Times Square to mark the occasion. Timothy Tevens, the company’s chief executive officer, will ring the closing bell at 4 p.m. Headquartered in Amherst, Columbus McKinnon (NASDAQ: CMCO) designs, manufactures and markets material handling products and systems. The business employs more than 2,700 workers at its various locations.
  • New Era Cap at home in Buffalo

    James Fink
    3 Jul 2015 | 6:00 am
    The New Era Cap Co. of today is a world apart from the company started in 1920 by Chris Koch’s great-grandfather, Ehrhart. His hat-making business evolved into an international leader of headwear, particularly baseball caps and other merchandise including backpacks. Headquartered in Buffalo, New Era employs more than 2,000 worldwide including about 500 on Delaware Avenue and at the Derby manufacturing plant. When Koch, 54, took over as CEO in 2002, the privately held firm had less than $100 million…
  • Startup podcast (Vol. 34): What NerVve

    Dan Miner
    3 Jul 2015 | 2:00 am
    Click the audio player below to listen to this week's podcast. The audio player does not appear on our mobile website.
  • Catholic Charities surpasses goal, raising $11.1M

    Tracey Drury
    2 Jul 2015 | 11:09 am
    The trend toward positive fundraising growth continues in the region, with Thursday’s announcement that Catholic Charities of Buffalo surpassed its campaign goal for the third consecutive year. The Catholic Charities 2015 Appeal concluded June 30 with cash and pledges totaling $11.1 million, exceeding the agency’s $10.9 million goal. The campaign has grown incrementally in each of the past few years, raising $11 million last year and $10.8 the year before. Funds raised support 70 programs…
  • NerVve's move into 500 Seneca Building coincides with growth plans

    Dan Miner
    2 Jul 2015 | 9:55 am
    One of Buffalo’s hottest tech companies is moving into one of its highest-profile commercial developments. NerVve Technologies, which has nearly quadrupled in size since November, is set to move into a roughly 7,000-square-foot office at 500 Seneca St., with the right-of-first refusal on an adjacent 3,500-square-foot office. The company was co-founded in 2011 by Thomas Slowe, its chief executive officer, and Jacob Goellner, its chief technical officer, and has developed a technology that culls…
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    Charlotte Business News - Local Charlotte News | Charlotte Business Journal

  • South Carolina conference highlights Boeing's rising profile in the South

    Steve Wilhelm
    3 Jul 2015 | 11:23 am
    Boeing (NYSE:BA) will sponsor South Carolina’s second annual aerospace conference next month, double the size of last year's, reflecting the company’s central presence in the state’s growing aerospace industry. S.C. Gov. Nikki Haley will deliver the opening remarks, and those are sure to focus on her hopes for growth at Boeing’s North Charleston site. “We are very excited to have Gov. Haley and Boeing engaged in the second annual aerospace conference,” South Carolina Commerce Secretary…
  • Report: Private-equity firm lining up bid for Charlotte-based Belk

    Jennifer Thomas
    3 Jul 2015 | 9:28 am
    New York private-equity firm Sycamore Partners is finalizing the financing for the potential acquisition of Charlotte-based Belk Inc. in a deal that could total up to $3.5 billion, Reuters is reporting. It would by Sycamore’s largest deal to date, the report says. Through a spokeswoman, Belk declined to comment Friday. Belk confirmed in April that it had hired Goldman Sachs Group Inc. to evaluate its options for the future. At the time, Belk issued a statement saying it has an obligation to…
  • Family Dollar-Dollar Tree merger wins FTC approval; closing expected Monday

    Jennifer Thomas
    2 Jul 2015 | 1:47 pm
    Dollar Tree Inc.’s acquisition of Family Dollar Stores Inc. has gained the green light from the Federal Trade Commission. The companies anticipate the transaction will close on Monday, subject to satisfaction of remaining closing conditions, according to a U.S. Securities and Exchange Commission filing Thursday. It’s been nearly a year since the Dollar Tree announced its plans to acquire Matthews-based Family Dollar (NYSE:FDO) in an $8.5 billion merger. Since then, the value of the deal has…
  • Will shark attacks hurt coastal Carolina businesses?

    Jen Wilson
    2 Jul 2015 | 12:01 pm
    Just as the biggest summer holiday for beach destinations is getting underway, the recent rise in shark attacks off the coast of North Carolina may be growing more difficult to ignore. Another incident occurred Wednesday, marking seven victims bitten in the waters off N.C. beaches in less than a month. And that's not counting at least two more that occurred during the same period in South Carolina. By comparison, four shark attacks were reported in North Carolina for the entire previous year. But…
  • Energy investment firm has raised $18.3M for N.C. solar funds

    John Downey
    2 Jul 2015 | 12:01 pm
    Double Time Capital, whose website describes its business as creating “opportunities to participate in and shape the emergence of cleaner, profitable energy,” has finished raising $5.1 million in its N.C. Solar Fund III, according to a regulatory filing. The filing with the Securities and Exchange Commission, dated June 18, was an update of filing in late October that said $3 million had been raised for the fund. The group has raised at least $13.2 million in two previous funds, according to…
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    Cincinnati Business News - Local Cincinnati News | Business Courier of Cincinnati

  • SORTA gets power to pick streetcar operations, here's what will happen

    Erin Caproni
    2 Jul 2015 | 3:59 pm
    A judge ruled on Thursday evening that the Southwest Ohio Regional Transit Authority can choose the operator and contract for the Cincinnati streetcar despite an injunction requested by the Amalgamated Transit Union, the Cincinnati AFL-CIO and other parties filed on Wednesday. SORTA’s board will meet on Monday morning to vote on a contract, which is expected to be awarded to French firm Transdev Services Inc., which has a U.S. headquarters in Illinois, on a turnkey basis. Rail services director…
  • Judge rules on former P&G board member’s insider trading appeal

    Barrett J. Brunsman
    2 Jul 2015 | 12:47 pm
    A federal judge today denied the appeal of a former Procter & Gamble Co. board member, Rajat Gupta, who had requested that his conviction be overturned for insider trading related to his service as a board member of Goldman Sachs. Gupta, 66, who is serving a two-year prison term, had asked that his case be reconsidered after a December court ruling in a different case reversed two insider trading convictions, the Associated Press reported. Judge Jed Rakoff of New York, who previously sentenced Gupta…
  • Former CEO tapped for key job at UC Health

    Barrett J. Brunsman
    2 Jul 2015 | 11:52 am
    Ted Inman, who was CEO of OHC Inc.’s cancer care medical practice until last year, has been hired by UC Health as vice president of strategic planning and special projects. Inman led OHC from 2011-14, and UC Health is one of the few local hospital systems that doesn’t work closely with OHC doctors. The health system affiliated with the University of Cincinnati has been stepping up investment in cancer research and treatment, including $8.9 million for the Center for Women’s Cancer, which opened…
  • Gilpin's opening third Cincinnati location

    Andy Brownfield
    2 Jul 2015 | 11:40 am
    Gilpin's, which is famous for its steamed sandwiches, is opening its third Cincinnati location. The sandwich chain is partnering with Quincy's in Mount Adams at 1101 St. Gregory St. to serve its late night menu from the bar's back window on Friday and Saturday nights. "Mount Adams has always been a location where I’ve wanted to open a Gilpin’s, but the timing just was not right," owner Brad Gilpin said in a news release. "I feel Mount Adams is starting to come back to life again, but it’s…
  • Merger pushes Cincinnati company’s stock to soar

    Steve Watkins
    2 Jul 2015 | 11:35 am
    Cincinnati Financial Corp.’s shares rocketed 5 percent on Wednesday in the wake of news that ACE Ltd. is buying Chubb Corp. in one of the biggest insurance industry deals ever. The huge $28 billion acquisition led one analyst, Citigroup’s Todd Bault, to write in a research report that other insurers might be likely acquisition targets or acquirers. “Something big has changed, and that is the push for growth,” Bault wrote in a research note. He said any property and casualty insurer that…
 
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    Columbus Business News - Local Columbus News | Business First of Columbus

  • Dublin names key Bridge Street planner to economic development post

    Evan Weese
    2 Jul 2015 | 1:03 pm
    Dublin has promoted one of its key Bridge Street District planners to serve as economic development administrator. Rachel Ray, a member of the city’s land use and long-range planning team since 2008, will serve on the three-person team that provides business retention and expansion services. Effective July 20 she replaces Michael Clarey, who left last month for Wendy’s Co. (NASDAQ:WEN). She will report to Economic Development Director Colleen Gilger and work alongside Jeremiah Gracia. “(Ray)…
  • Crowdfunding platform Billion applies bracketology to social entrepreneurship

    Carrie Ghose
    2 Jul 2015 | 12:40 pm
    An Ohio State University student is leading a team building a new crowdfunding platform aimed at finding the best ideas for social entrepreneurship to solve global issues such as hunger or delivery of medical supplies. Billion is set to launch in September at the Columbus Independents' Day arts festival. Think of it as Indiegogo for funding Ted Talks powered by March Madness. “There aren’t any crowdfunding sites that support global issues,” said Eileen Guan, founder and CEO. “I feel like…
  • Here’s everything you need to know about this year’s Red, White & Boom

    Nick Ramsey
    2 Jul 2015 | 12:11 pm
    Based on the past month, Central Ohioans don’t have much reason to be optimistic about the weather for Red, White & Boom, but as of now, the chance of rain is minor. Assuming the rain does hold off, over 400,000 people will converge on downtown Columbus and the Arena District Friday night. Even more people will be tuning in from home. Mike Collins, executive director of Red White & Boom, said the fireworks are the most-watched television program and most-listened-to radio broadcast of the summer…
  • EXCLUSIVE: Ohio now has 1 GB wireless broadband available statewide

    Carrie Ghose
    2 Jul 2015 | 11:24 am
    Ohio has become the first state with 1 gigabit Internet accessible statewide. Agile Network Builders LLC has completed its more than two-year project installing equipment on existing radio towers to use microwave frequencies instead of fiber to deliver broadband through the air, with signals that can travel 8 miles and penetrate walls. (Some parts of its network do use fiber.) “Across the state of Ohio we have the ability to deliver a gigabit of (transmission) anywhere,” said Kyle Quillen,…
  • Japanese executives want more investment, tourists from Ohio

    Evan Weese
    2 Jul 2015 | 10:55 am
    Ohio has long been considered a prime destination for Japanese business investment since Honda Motor Co. established a manufacturing presence outside Columbus in the 1980s. But the reverse - interest from Ohio companies in Japan - is not developing as Japanese nationals would like. “We do hope to see more interest by Ohio businesses to Japan and increased investment in Japan,” Kunio Ishihara, vice chair of the Japanese business advocacy group Keidanren, told reporters through an interpreter…
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    Dallas Business News - Local Dallas News | Dallas Business Journal

  • CEO Thomas Dundon departs Santander Consumer; No. 2 exec immediately moves up

    Paul O'Donnell
    3 Jul 2015 | 10:31 am
    The founder of Santander Consumer USA Holdings Inc. (NYSE: SC) has left the Dallas-based company that has grown into one of the nation's largest subprime auto lenders. Thomas G. Dundon's departure was announced after the market closed Thursday – a move described by a Deutsche Bank analyst as a "little surprising" in its timing. He was immediately replaced as CEO by Jason Kulas, the company's president and chief financial officer. The company also said it will buy back Dundon's 10 percent stake…
  • These are the 25 highest-paid public company CEOs in North Texas

    Paul O'Donnell
    3 Jul 2015 | 5:24 am
    Our list this week digs deep into the compensation of CEOs at Dallas-Fort Worth's publicly traded companies. Exxon Mobil Corp. (NYSE: XOM) CEO Rex Tillerson is back on top this year after a one-year hiatus. (You can read here about the man who displaced him last year). In the accompanying slideshow, we'll take you through this year's top 25. It took an $8.35 million compensation package in 2014 or higher just to crack this list created by our research director Erin Amburgey Sood. The data was crunched…
  • Kaboom Town fireworks' boom creates economic boon for Addison

    Melissa Wylie
    3 Jul 2015 | 4:59 am
    Every year, Americans gather near parks and lakes to celebrate the nation’s birthday with extravagant displays of fireworks and patriotism. Kaboom Town in Addison is one of the Dallas area’s biggest shows, drawing thousands of families and a number of sponsors and businesses cashing in on the crowds. About 20 companies sponsor the Addison event, including Budweiser, State Farm Insurance and Coca-Cola. Kaboom Town is an evening-long celebration leading up a firework show, featuring performances…
  • GameStop becomes third-most shorted stock as video game digital downloads gain popularity

    Korri Kezar
    3 Jul 2015 | 3:15 am
    Last week, customers around the world stormed GameStop (Nasdaq: GME) stores to buy the latest Batman video game. But investors aren’t as ready to flock to the Grapevine retailer’s stock. Analysts remain mixed on the company’s future, largely thanks to shifts in the video gaming landscape. Over its 30-year history, buying and selling new and used video games has been GameStop’s bread and butter. But as digitally downloading games becomes more popular, Wall Street is speculating whether GameStop…
  • Lewisville company opens new free-standing ER in San Antonio

    James Aldridge
    3 Jul 2015 | 3:12 am
    First Choice Emergency Room opened its previously announced free-standing facility on Wednesday, July 1. This is Lewisville-based First Choice’s fifth ER facility in the San Antonio area. Each facility comes equipped with a full radiology suite, CT scanner, digital X-ray, ultrasound and on-site laboratories. First Choice hired board-certified physicians and emergency trained registered nurses. The company previously opened free-standing ERs in Helotes, Stone Oak and Northeast San Antonio. The…
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    Dayton Business News - Local Dayton News | Dayton Business Journal

  • Major Ohio research network gets state funding

    Tristan Navera
    2 Jul 2015 | 12:32 pm
    A proposed research network linking Ohio's major schools to get more federal research dollars from places like Wright-Patterson Air Force Base has been funded by the state. Funding to support the establishment of the Ohio Federal Research Network passed the Ohio budget signed by Gov. John Kasich this week. In all, $20 million over two years was awarded for the Wright State Applied Research Corp., affiliated with Wright State Research Institute, and another $5 million to Ohio State University, which…
  • Industrial supplier buys Chicago-area company

    Joe Cogliano
    2 Jul 2015 | 11:05 am
    One of the Dayton area’s largest private companies continues to grow its national reach. WinWholesale Inc. on Thursday announced it purchased M. Cooper Supply, of Mokena, Ill., which comes with an 80,000-square-foot distribution center, and has 75 employees. Terms of the deal were not disclosed. Moraine-based WinWholesale is one of the nation’s largest distributors of supplies and materials to residential, commercial construction and industrial markets. This purchase will give the company an…
  • Two new-to-market retailers to open in Cornerstone of Centerville

    Olivia Barrow
    2 Jul 2015 | 10:48 am
    The Cornerstone of Centerville retail project has landed two more new-to-market retail and restaurant tenants. Panda Express has signed onto the project in the spot that Milano's had planned to occupy across from the Costco Fuel Center, said Danielle Kuehnle, sales and leasing agent for developer Oberer Realty Services. The fast-casual Chinese restaurant chain will be building its first Dayton-area location there after getting planning and zoning approval from the city. Total Nutrition Center also…
  • Dayton region continues to development partnerships with Wright-Patt

    Tristan Navera
    2 Jul 2015 | 10:24 am
    Many of the major businesses and organizations in town are trying harder than ever to interface with Wright-Patterson Air Force Base. Hospitals are forming a new organization to commercialize technology developed on base, while local universities target it for more research. In addition, municipalities look to share services and arts and entertainment groups look to reel in more airmen. This comes as the Dayton Development Coalition and state of Ohio celebrated a Community Excellence Award this…
  • Cheers to you, Dayton: Thoughts on my last day

    Olivia Barrow
    2 Jul 2015 | 7:25 am
    In three years at the Dayton Business Journal I've never had as much trouble starting a story as this one. Today is my last day here, and there's just too much to say about what I've learned since starting here. I'm so thankful to all of the incredibly patient sources who were always available to explain the basics of lease terms, tax increment financing, lending standards, retirement plans, the Affordable Care Act and so many other complicated topics that I had to learn how to cover, starting…
 
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    Denver Business News - Local Denver News | Denver Business Journal

  • U.S. Court of Appeals says Apple did conspire to fix prices on eBooks

    Monica Mendoza
    3 Jul 2015 | 2:25 pm
    The U.S. Court of Appeals for the Second Circuit affirmed that Apple Inc. conspired with several publishers to set prices on eBooks. The court rejected Apple Inc.’s challenge to the ruling in State of Texas, et al. v. Penguin Group (USA) Inc., et. al. Instead, the appellate court affirmed the lower court’s finding that Cupertino, California-based Apple (NASDAQ:AAPL) conspired with several publishers to set prices on eBooks, an agreement that raised prices for consumers. Colorado was one of…
  • What you need to know to protect your business from patent trolls

    David Schachter
    3 Jul 2015 | 5:00 am
    Beware of the patent trolls...the current law doesn’t protect you from them By now most of us have either encountered, read about or received a threatening letter from a patent troll – those enterprising vermin whose exploits, aimed at squeezing dollars out of others through the use, many would say abuse, of the U.S. Patent laws, have cost patent owners millions and vexed the high tech industry and lawmakers for decades. A patent troll is typically a person or entity who either acquires ownership…
  • More on the cover story: Colorado Aquaponics raises protein, produce in innovative ecosystem (Video)

    Kathleen Lavine
    3 Jul 2015 | 3:05 am
    JD Sawyer and his wife, Tawnya own and run Colorado Aquaponics. It is self-described as a "re-circulating little ecosystem". The water used benefits both plants and fish. From this farming business comes greens sold to local chefs as well as striped hybrid bass sold at the neighboring market. In the video above, Sawyer the Aquaponics ecosystem works in creating fish and produce that is then sold in stores.
  • John Malone's Liberty empire unloads its backpack e-commerce business

    Greg Avery
    2 Jul 2015 | 1:52 pm
    John Malone’s Liberty empire no longer includes a go-to place for backpackers’ and outdoor enthusiasts' online shopping. Douglas County-based Liberty Ventures (Nasdaq: LVNTA), an offshoot of Liberty Interactive Corp., sold its entire stake in outdoor gear e-commerce business, backcountry.com, to San Francisco-based TSG Consumer Partners equity investment firm. TSG Consumer Partners announced the transaction. Terms were not disclosed. Liberty Ventures did not comment on the deal. It owned 90…
  • Craig Hospital lands $1.1 million gift to help with expansion, patient equipment

    Caitlin Hendee
    2 Jul 2015 | 1:11 pm
    The Daniels Fund donated $1,119,000 to Craig Hospital to help the Englewood medical center expand and purchase new adaptive equipment, the hospital announced Wednesday. "Daniels Fund's support of Craig Hospital reflects our founder's compassion for helping others," said Linda Childears, president and CEO of Daniels Fund. Craig Hospital is a 93-bed private, not-for-profit facility that provides a range of inpatient and outpatient rehabilitation, neurosurgical and long-term care. It will use $919,000…
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    Greensboro Business News - Local Greensboro News | The Business Journal of the Greater Triad Area

  • Drug, medical device makers major funders of research at Triad hospitals

    Owen Covington
    2 Jul 2015 | 12:07 pm
    Drug and medical device makers paid the Triad's largest hospitals a combined $1.5 million for research projects in 2014, a new release of payment data shows. That's just a sliver of the $3.23 billion paid to doctors and hospitals across the country, with an additional $2.56 billion paid for consulting fees, royalties, speaking fees or other general payments paid to health care providers last year, the federally run Open Payments program reports. Dr. Shantanu Agrawal, deputy administrator and director…
  • As DOJ probes airlines, here's a reason why fares from RDU may be going up

    Jeff Jeffrey
    2 Jul 2015 | 11:15 am
    The U.S. Department of Justice is investigating whether some of the nation’s largest airlines engaged in collusion as part of an effort to inflate ticket prices. Federal prosecutors have sent letters to an unspecified number of airlines, seeking documents and information from the last two years that are related to airline capacity. The question appears to be whether airlines kept fares artificially high by limiting the number of flights available to consumers. “We are investigating potential…
  • It's official: Herbalife adding 300+ jobs to Forsyth plant

    Katie Arcieri
    2 Jul 2015 | 9:34 am
    Herbalife, the nutrition-products company that operates a $100 million manufacturing and distribution facility in Winston-Salem, plans to create 301 new jobs by the end of 2018 and invest an additional $3.5 million into the facility by the end of next year, according to an announcement from Gov. Pat McCrory. The Triad Business Journal had previously reported that Herbalife (NYSE: HLF) was considering adding 300 positions at its 3200 Temple School Road plant on top of 500 positions expected to be…
  • Triad metro ranks among top in country for job growth in banking, finance

    Owen Covington
    2 Jul 2015 | 8:52 am
    Winston-Salem is among the top cities for job growth within the financial sector since the recession hit, according to federal employment data. The Triad banking center, home to BB&T Corp.'s headquarters, saw close to 10 percent job growth within the banking and finance industries from 2009 through 2013, enough to rank third nationally. Those numbers were crunched by selfstorage.com, a blog about moving and the storage industry. The city saw employment within the sector grow 9.6 percent from 15,824…
  • Wells Fargo tests technology that tackles bane of modern life — computer passwords

    Mark Calvey
    2 Jul 2015 | 7:58 am
    Wells Fargo is piloting technology that promises to eliminate cumbersome user names and passwords to access your bank accounts. The San Francisco-based bank, which has its East Coast hub in Charlotte, wants to one day offer customers the option of using biometric technology that relies on voice or facial recognition instead of passwords to access mobile banking on smartphones. "Our intention is that someday biometrics will eliminate passwords. We are not there yet," said Secil Watson, head of wholesale…
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    Honolulu Business News - Local Honolulu News | Pacific Business News of Honolulu

  • Solar Impulse 2 landing in Hawaii highlights state’s renewable energy goals: Slideshow

    Janis L. Magin
    3 Jul 2015 | 4:11 pm
    Solar Impulse 2 made its first U.S. landing Friday in Hawaii, an event that highlights the state’s goals to create a clean energy sector that has “tremendous economic potential,” the head of the State Energy Office said after the solar-powered aircraft touched down at Kalaeloa Airport in West Oahu. The Swiss-made Solar Impulse 2 landed at Kalaeloa Airport in West Oahu shortly after sunrise Friday morning after flying for five days from Nagoya, Japan, the longest leg in its around-the-world…
  • Hawaii seeks contractor for $4M in improvements for Kalaeloa Aiport

    Jason Ubay
    3 Jul 2015 | 12:22 pm
    The Hawaii Department of Transportation, Airports Division has released a request for proposals for new hangars and infrastructure improvements, an estimated $4 million project at West Oahu’s Kalaeloa Airport, where the Solar Impulse solar-powered aircraft landed Friday after a five-day flight from Japan. The proposal calls for the construction of several pre-engineered, light-gauge steels structure under 12,000 square feet. Each structure will have eight hangar bays with a utility room and either…
  • CBRE Hawaii’s ‘Workplace 360’ office transformation in Honolulu: Slideshow

    Tina Yuen
    3 Jul 2015 | 12:00 pm
    Imagine working in an office where you don’t have the same desk every day, and your boss doesn’t either. That’s the setup in CBRE Hawaii’s headquarters in Downtown Honolulu, where the company’s “Workplace 360” initiative launched nearly a year ago. Work on the space, which was completed in late July of last year, created a “free address” office where the commercial real estate firm’s more than 50 employees are able to choose how they work, with whom and where. Kim Lord, senior…
  • American Logistics Association to host Hawaii product showcase for military commissaries next month

    Darin Moriki
    3 Jul 2015 | 11:22 am
    The Honolulu-based American Logistics Association will hold its annual Hawaii expo in Waikiki next month for local companies seeking to get their products on the shelves at Isle military commissaries. Officials with the nonprofit American Logistics Association say they're trying to simplify the process by connecting small businesses with retailers across all military branches. "For any small company, it's hard because when you sell products, whether it be to the military or any retailer, you have…
  • Hawaii to collect unpaid airport landing fees from commercial aviation firms

    Shiwani Johnson
    3 Jul 2015 | 11:11 am
    Two commercial aviation users of Dillingham Airport on the North Shore of Oahu will pay three years of invoices for landing fees to the state of Hawaii, state officials said. Hawaii will continue to be able to charge landing fees to aircraft landing at state airports following a state Supreme Court decision to uphold the Department of Transportation's authority to charge such fees. Public Aviation Hawaii, Inc. and Hale Olele Corp. will pay $264,995 to the state. The two companies had previously…
 
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    Houston Business News - Local Houston News | Houston Business Journal

  • American, Southwest cooperating in airline collusion probe

    Bill Hethcock
    2 Jul 2015 | 12:44 pm
    North Texas-based American Airlines and Southwest Airlines are being investigated by the U.S. Department of Justice in a probe of whether airlines colluded to keep airfares high when making capacity plans. The Justice Department sent “civil investigation demand” letters to several U.S. airlines this week asking the carriers to provide all documents pertaining to how they decide how many available seats and flights they will operate and whether they are talking to each other about capacity. Josh…
  • Eagle Ford sees boost in new drilling activity

    Sergio Chapa
    2 Jul 2015 | 12:38 pm
    Crude oil prices may have fallen this week, but the Eagle Ford Shale saw a boost in new drilling activity. West Texas Intermediate crude prices are trading around $58 per barrel this week, down from around $60 last week. The price is well below the $65 per barrel mark, which many companies say is their break-even point to start drilling again. Figures from the Baker Hughes rig count released on July 2 show three new drilling rigs in operation in the Eagle Ford shale region just south of San Antonio.…
  • HBJ's Afternoon Edition will resume July 6

    Olivia Pulsinelli
    2 Jul 2015 | 12:30 pm
    Due to the Independence Day holiday, the Houston Business Journal's Afternoon Edition email news product will not be published on Friday, July 3. Look for the Afternoon Edition roundup of relevant local business news headlines to resume on July 6. Watch for breaking news over the holiday at HoustonBusinessJournal.com. Click here to subscribe to HBJ's free Morning Edition and Afternoon Edition daily email products. Click here to subscribe to the Texas Business Journals' free Energy Inc. newsletter,…
  • NOV spinoff makes latest acquisition

    Laura Furr
    2 Jul 2015 | 12:06 pm
    Now Inc. (NYSE: DNOW), the distribution spinoff of Houston-based National Oilwell Varco Inc. (NYSE: NOV), announced that it will acquire Odessa Pumps and Equipment Inc. Terms of the all-cash transaction were not disclosed in the June 30 release from Now Inc., also known as DistributionNOW. Odessa Pumps and Equipment Inc. is a distributor in the oil and gas, and municipal and wastewater industries with markets across Texas, New Mexico and Oklahoma. The company employs approximately 300 people, but…
  • Mayor Parker: Houston 'still in a growth mode' despite oil slump (Video)

    Olivia Pulsinelli
    2 Jul 2015 | 11:50 am
    In light of the latest jobs report disappointing some economists, Bloomberg spoke with Houston Mayor Annise Parker about how the Energy Capital of the World is surviving amid low oil prices. “We think it’s a slight negative, as well, but we continue to grow,” Parker said in response to the July 2 report from the Bureau of Labor Statistics. “Our economy continues to expand at about half the rate it was (growing), but we’re still in a growth mode, albeit a slow growth mode.” Parker said…
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    Jacksonville Business News - Local Jacksonville News | Jacksonville Business Journal

  • ​One Spark staff adjust to having their jobs slashed

    Colleen Michele Jones
    2 Jul 2015 | 12:11 pm
    It wouldn’t be a stretch to say One Spark’s decision to lay off the majority of its full-time staff on June 22 came as shock to many of those employees. Under executive director and co-founder Elton Rivas, the organization behind the annual crowdfunding festival abruptly cut six of its 10 staffers. A seventh employee, Meredith O’Malley Johnson, submitted her resignation in mid-June; her last day was June 30. O'Malley Johnson did not return calls to the Business Journal. Rivas and just three…
  • Here's how Jacksonville's urban core is preparing for July 4

    Jensen Werley
    2 Jul 2015 | 12:02 pm
    Friendship Fountain, the Shipyards, the Landing, Riverside Arts Market.... Depending what Jacksonville residents are in the mood for, there are plenty of locations to spot the city's Downtown fireworks display. Of course it's not just visitors that will benefit from the spectacular: Downtown vendors are happy to get a piece of the action, and increase awareness of the city's urban core. “The misconception about Downtown is that there is nothing to do,” said Katherine Hardwick, marketing director…
  • International Speedway Corp. sees drop in 2Q revenue

    Matthew Richardson
    2 Jul 2015 | 12:00 pm
    International Speedway Corp. executives on July 2 said the company's second-quarter financial results exceeded expectations, despite showing a double-digit percentage decrease. During its second quarter, which ended May 31, the Daytona Beach-based motorsports company's (Nasdaq: ISCA) revenue reached $164 million, a 13.8 percent decline from $190.3 million earned in the same period last year. In addition, International Speedway Corp. earned $13.4 million in net income during its second quarter,…
  • State announces multibillion-dollar agreement with BP on Deepwater Horizon oil spill

    Cindy Barth
    2 Jul 2015 | 11:55 am
    Florida Attorney General Pam Bondi on Thursday formally entered a historic multibillion-dollar joint federal-state agreement in principle with BP Exploration & Production Inc. to resolve the economic loss claims asserted by Florida, Alabama, Louisiana, Mississippi and Texas from the April 2010 Deepwater Horizon oil spill in the Gulf. Florida stands to receive more than $3.25 billion in total. “In 2010, our state — and the entire Gulf region — woke up to a story that shook the nation; an oil…
  • STEM advocates have been pushing for a hub in Jacksonville. Here's what they're doing to make it happen

    Colleen Michele Jones
    2 Jul 2015 | 11:38 am
    Plans for a STEM2 Hub in Northeast Florida are moving full steam ahead. The board of the organization met for the first time to inroduce the organizational team and outline initial goals for the community-based initiative meant to beef up education and training in the STEM2 (Science, Technology, Engineering, Math, Medicine) fields while creating a pipeline of local talent to take on highly skilled positions in tech and science. The board of directors is made of executives from 18 companies with…
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    Kansas City Business News - Local Kansas City News | Kansas City Business Journal

  • Sprint-RadioShack stores: 4 things to know

    Ashley Jost
    2 Jul 2015 | 12:50 pm
    So far so good on the Sprint at RadioShack stores— the official name for the co-branded stores — as the wireless carrier (NYSE: S) plans to roll out all 1,400-plus stores by the end of next week. Matt Gunter, Sprint Corp.'s vice president for channel operations, gave a rundown of what consumers can expect when the stores are opened. There are 12 in the Kansas City metro area, eight on the Missouri side and four in Kansas. The signage for the outside of the stores will arrive later this summer…
  • Populous: New LA convention center offers window to design's future

    Austin Alonzo
    2 Jul 2015 | 12:49 pm
    Populous will help Los Angeles carry out a $350 million renovation and expansion of its convention center. The design, which will expand the Los Angeles Convention Center to about 2 million square feet, doesn’t fail to live up to the city’s reputation for glamor. In June, the Los Angeles City Council approved moving ahead with the Kansas City-based architecture firm and Los Angeles-based HMC Architects as the designers. Populous principal Michael Lockwood said his firm is the architect of record. Lockwood,…
  • Missouri Technology Corp. awards $250K for nonprofit to expand in KC

    Leslie Collins
    2 Jul 2015 | 12:26 pm
    St. Louis-based LaunchCode is moving closer to expanding to Kansas City. The technology-focused nonprofit received $250,000 from the Missouri Technology Corp. and will use the money to further its expansion efforts in Kansas City. LaunchCode aims to create economic opportunity by building apprenticeships and job placements in technology, LaunchCode Development Director Amber Withycombe said. The organization has two offices, one in St. Louis and one in Miami. Since its inception in 2013, LaunchCode…
  • Belger Cartage Service selects new CEO

    Austin Alonzo
    2 Jul 2015 | 12:12 pm
    Evelyn Belger has been named as the next CEO of Belger Cartage Service Inc. She is the fourth-generation leader of the Kansas City-based crane and heavy haul company and the first woman to hold the position. She succeeds C. Richard Belger, who will become chairman on Friday after being CEO for the past three decades. In a release, Evelyn Belger said she feels privileged to be able to lead the company. “I look forward to building on the successes of the past while we focus on safety, targeted…
  • KC Ford plant's upgrades boost sustainability efforts

    James Dornbrook
    2 Jul 2015 | 11:44 am
    Ford Motor Co.'s Kansas City Assembly Plant is well known for its impact on the local economy, with nearly 7,500 employees, but right now it wants to be known for its shrinking impact on the environment. The Kansas City Assembly Plant is a 5.56 million-square-foot manufacturing operation on 1,270 acres in Claycomo and Liberty. The company just spent $1.1 billion on retooling to produce the latest models of two large vehicles: the Ford F-150 pickup truck and the Ford Transit van. It's a process that…
 
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    Los Angeles Business News - Local Los Angeles News | Los Angeles Business from bizjournals

  • Flick picks: 'Magic Mike,' 'Terminator Genisys' serve fans with a smile and a wink

    Annlee Ellingson
    2 Jul 2015 | 1:38 pm
    Two beloved franchises return to the multiplex this week — one dating back more than three decades with four previous installments, the other just three years and bringing its first sequel. Both “Terminator Genisys” and “Magic Mike XXL” understand that ongoing series succeed by servicing their fans. But while “Genisys” is a decently entertaining Easter egg hunt with a big plot and bigger explosions, “XXL” is a hella fun, if naggingly problematic, road trip that examines its characters…
  • Populous: New LA convention center offers window to design's future

    Austin Alonzo
    2 Jul 2015 | 12:56 pm
    Populous will help Los Angeles carry out a $350 million renovation and expansion of its convention center. The design, which will expand the Los Angeles Convention Center to about 2 million square feet, doesn’t fail to live up to the city’s reputation for glamor. In June, the Los Angeles City Council approved moving ahead with the Kansas City-based architecture firm and Los Angeles-based HMC Architects as the designers. Populous principal Michael Lockwood said his firm is the architect of record. Lockwood,…
  • El Segundo-based Murad skin-care firm is sold

    2 Jul 2015 | 12:09 pm
    Murad Inc., the El Segundo-based skin care company founded by Dr. Howard Murad in 1989, has been purchased by corporate giant Unilever for an undisclosed price. Unilever said Murad will be incorporated into Unilever’s Prestige division. The European company said Murad's 2014 revenues were $115 million. Murad sells anti-aging creams, acne solutions, cleansers, treatments, moisturizers and other skin-care products. "With Unilever, we can broaden our reach and significantly grow our brand while…
  • L.A.'s office market is fourth-strongest in the U.S., says new report

    2 Jul 2015 | 12:09 pm
    The Los Angeles commercial office market is the nation's fourth-strongest, in terms of demand for office space, in the second quarter of the year. That's according to real estate services provider DTZ, which recently merged with Cushman & Wakefield, indicating that the Los Angeles absorbed 1.2 million square feet of office space in the latest quarter. In the second quarter of 2015, the top three markets in terms of demand for office space, according to DTZ were San Jose (with 3.8 million square…
  • Jim Carrey calls Gov. Brown a 'fascist,' health-care group calls Carrey an 'airhead'

    2 Jul 2015 | 10:35 am
    This week, California Jerry Brown signed one of the nation's toughest child vaccination laws in the country. The law bars religious and other personal-belief exemptions for schoolchildren, an act that apparently irked comedian Jim Carrey. Carrey tweeted, calling Brown a "corporate fascist" who "must be stopped." Today, the AIDS Healthcare Foundation of Los Angeles called Carrey an "airhead" for his criticism of Brown. “We also want to sharply rebuke ‘ Dumb & Dumber’ star Jim Carrey for…
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    Louisville Business News - Local Louisville News | Business First of Louisville

  • Humana sale impact also felt outside of Louisville

    Cary Stemle
    3 Jul 2015 | 12:28 pm
    Today's announcement that Humana Inc. has agreed to be acquired by Aetna Inc. isn't just big news in Louisville. One city also paying close attention is Tampa, Fla., where the health insurance giant employs about 4,000 people. That makes the Tampa Bay area Humana's second-largest operations center behind Louisville, according to the Tampa Bay Business Journal. Humana (NYSE: HUM) is Louisville's second-largest private-sector employer, with 12,371 local full-time or full-time-equivalent workers…
  • Seven interesting things Humana is telling employees and stakeholders

    David A. Mann
    3 Jul 2015 | 10:10 am
    As we know by now, Louisville-based Humana Inc. (NYSE: HUM) has agreed to be acquired by Aetna Inc. (NYSE: AET). Following about a month of speculation, the news of the transaction officially broke about 2:30 a.m. and we've been writing about it since. You can find details of the transaction here. We've got a story about what the company is telling its employees here. And if you're feeling like a walk down memory lane, check out our Humana timeline to get a gist of the company's history in Louisville. The…
  • Fischer says he's been in regular contact with Humana regarding sale

    David A. Mann
    3 Jul 2015 | 8:19 am
    The news broke early this morning that Louisville-based health insurance giant Humana Inc. (NYSE: HUM) will be purchased by Aetna Inc. (NYSE: AET) in a $37 billion deal that is expected to close next year. More details on the transaction here. It's a historic day for the company, which is one of Louisville's largest employers with about 12,000 local workers. The company said it plans to maintain a significant corporate presence in the city after the transaction is completed, though we're not yet…
  • Humana CEO told employees of sale via email at 2:38 a.m.

    Cary Stemle
    3 Jul 2015 | 6:26 am
    If you work at Humana Inc. (NYSE: HUM), chances are you were already having trouble sleeping last night after reports of a likely sale to Aetna Inc. (NYSE: AET). And those unfortunate insomniacs really got something to stew on in the wee hours: an email from president and CEO Bruce Broussard confirming the sale. Louisville Business First obtained a copy of the email, which hit Humana employee inboxes at 2:38 a.m. on Friday. While Broussard mentions that the new combined company's Medicare, Medicaid…
  • $2 million later, Kentucky Kingdom's T2 is now T3

    3 Jul 2015 | 3:49 am
    If you liked T2, you're probably going to love T3. T2 was the looping roller coaster at the former Six Flags Kentucky Kingdom, which closed in 2009. WDRB reports that the park's new owners have invested $2 million to improve the roller coaster and recreate it as T3, as in terror to the third power. Riders are suspended for the ride, which goes as fast as 50 mph and is now much smoother, according to the report. It's one of eight new attractions to open this year at Kentucky Kingdom, which is on…
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    Memphis Business News - Local Memphis News | Memphis Business Journal

  • Legals 07/03/2015

    3 Jul 2015 | 8:15 am
    ALL INTERESTED BIDDERS The Board of Education of the Shelby County Schools will accept written bids for Demolition/Asbestos Abatement at Orleans Elementary School. Visit our website for additional information: http://www.scsk12.org/uf/procurement/bids.php Questions concerning Bid should be addressed to Wendy Partee at (901) 416-5833 or emailed to parteews@scsk12.org. Thank you for supporting Shelby County Schools. Cerita Butler, Director Procurement Services Publication date: 07/03/2015 ALL…
  • Starz Digital signs on with Indie Memphis

    3 Jul 2015 | 4:19 am
    Memphis’ 18th annual Indie Memphis Film Festival, coming this fall, will feature a new spotlight sponsor. Starz Digital, the digital and on-demand syndication arm of Starz, has now partnered with the festival. Indie Memphis is set for Nov. 3-10. Memphis investment and securities brokerage Duncan-Williams Inc. recommitted in May to the festival as its presenting sponsor. Along with the sponsorship, Starz expects to host as many as 30 of its digital distribution partners at Indie Memphis. Those…
  • Whole Foods CEOs admit to overcharging, say it was unintentional

    Michael Theis
    3 Jul 2015 | 4:18 am
    In response to a New York City investigation into pricing at Whole Foods Market Inc., co-CEOs Jon Mackey and Walter Robb admitted Thursday that the company had incorrectly charged customers for pre-packaged food sold by weight. The admission came in the form of a video posted to YouTube that featured Mackey and Robb standing in a produce section, explaining their company's transgressions, but insisting that any errors were unintentional. The pair also unveiled a series of steps the company was taking…
  • Home Depot asks court to dismiss financial institutions' lawsuit over data breach

    David Allison
    3 Jul 2015 | 4:17 am
    The Home Depot Inc. says it's not responsible for any losses incurred by financial institutions as a result of the company's data breach. On July 1, Home Depot (NYSE: HD) for the first time responded to a lawsuit filed against the company by more than 100 financial institutions over Home Depot's massive 2014 data breach. In that complaint, filed on May 27, the financial institutions claim Home Depot's data breach caused total fraud losses "in the billions of dollars." Last November, OBJ reported…
  • Survey: Southeast workers overworked but still happy

    Cindy Barth
    3 Jul 2015 | 4:10 am
    Businesses in the Southeast are doing more with less, so it's no surprise that 50 percent are overworked and burnt out, according to the inaugural Workplace Index released Monday by Staples Advantage. However the bigger surprise from the study is the fact that, on the surface, 91 percent report they are happy at work – more than any other region in the United States. The findings point to a new cultural phenomenon that has emerged from the U.S. workplace: We are now conditioned to accept the…
 
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    Milwaukee Business News - Local Milwaukee News | The Business Journal of Milwaukee

  • Quad/Graphics stock price grabs attention

    Tom Held
    3 Jul 2015 | 9:00 am
    Shares of Wisconsin-based Quad/Graphics Inc. fell to a 52-week low on July 1, reaching $17.52. The price rebounded a bit leading into the Fourth of July holiday, but remains less than half its $50 peak, which it hit shortly after the company executed a $1.3 billion acquisition of World Color Press Inc. and started selling stock as a controlled public company, in 2010. The Quadracci family, which founded the business in 1971, controls 82 percent of the company through its shares of Class B stock. Read…
  • Von Briesen & Roper adds 19 attorneys, expands into Waukesha County

    Rich Kirchen
    3 Jul 2015 | 8:00 am
    Downtown Milwaukee-based law firm von Briesen & Roper S.C. said it added 19 attorneys in the quarter that ended June 30 and expanded into Waukesha County. The firm also expanded its Madison office with the addition of eight new lawyers there. In Madison, von Briesen & Roper will be located downtown and recently expanded into 15,000 square feet of office space. The Waukesha County offices are in Elm Grove and Delafield Von Briesen added lawyers from three firms: Melli Law S.C., de la Mora and de…
  • Entreprenuer's love of Candy Raisins reboots a Milwaukee favorite: Slideshow

    Rich Kirchen
    3 Jul 2015 | 7:00 am
    Delafield entrepreneur John Barker loves Candy Raisins enough to invest more than $1 million in reviving the beloved Milwaukee chewy classic. Barker, 43, also owns Arcon Manufacturing in the same building where he opened Candy Raisins maker Lake Country Candies. In late 2014 Barker reintroduced the Candy Raisins brand more than six years after it disappeared. The re-booted Candy Raisins from Barker’s company Lake Country Candies now are available throughout southeast Wisconsin at Walgreens, Sendik’s…
  • Community leaders work to strengthen Milwaukee Symphony Orchestra

    Mark Sabljak
    3 Jul 2015 | 6:44 am
    The future of the Milwaukee Symphony Orchestra should include more community outreach and multiple venues, more visibility for its musicians – and increased financial strength if one group has its way. Forty five individuals representing business, funders, arts groups, and young professionals from Milwaukee spent two solid days “locked in” this week attempting to help the MSO by concentrating on opportunities for its future vitality. The effort was funded by the United Performing Arts Fund…
  • UW study: women-owned businesses provide growth opportunities for Wisconsin

    Natalie Wickman
    3 Jul 2015 | 6:00 am
    A University of Wisconsin-Madison study has found that increasing the amount of women-owned businesses in Wisconsin could be an economic growth and development opportunity. As of 2011 in Wisconsin, women owned or managed more than 80,000 businesses, employed over 550,000 workers and earned $45 billion in sales, according to the study's authors, Tessa Conroy and Steven Deller. However, there is a significant lack of women-owned businesses in Wisconsin compared with those owned by men. The study,…
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    Minneapolis Business News - Local Minneapolis News | The Minneapolis / St Paul Business Journal

  • Delta's unretired NWA Boeing 747 makes emergency landing in Ireland

    Jim Hammerand
    3 Jul 2015 | 9:49 am
    The ex-Northwest Airlines Boeing 747 that was unretired by Delta Air Lines Inc. this week made an emergency landing due to a smoke alarm Friday. Delta Flight 73 from Amsterdam to Atlanta diverted to Ireland's Shannon Airport and landed without incident or any injuries, Delta confirmed. The plane was carrying 376 passengers and 16 crew. The crew discharged fire suppressors in the rear cargo hold and dumped jet fuel for what would have been a long flight across the North Atlantic before landing. The…
  • Ned Abdul buys Minneapolis Armory, plans entertainment center

    Sam Black
    2 Jul 2015 | 12:43 pm
    Investor Ned Abdul's Swervo Development has acquired the historic Minneapolis Armory near the new Minnesota Vikings stadium and plans to "create a special venue for entertainment and cultural events," according to a news release. Swervo paid $6 million for the property, spokesman Jon Austin said. Swervo and design partner Shea will rehabilitate and repurpose the property, continuing a process Minneapolis-based Shea started with the previous owner of the Armory over the past decade, Doug Hoskin. The…
  • Total Wine planning Chanhassen store

    Nick Halter
    2 Jul 2015 | 12:34 pm
    Total Wine & More is planning a Chanhassen store. Developer Venture Pass Partners LLC of Shorewood is seeking approval to build a 19,900 square foot store on 2.7 acres of undeveloped land at Main Street and Lake Drive. Maryland-based Total Wine has stores in Bloomington, Woodbury, Burnsville and Roseville. It's fighting for a fifth in Maple Grove. Neighboring Chanhassen businesses Bokoo Bikes and Paddle Sports, Houlihan's and AmericInn sent the city letters of support for the project.
  • Best Buy adds drones to snag fast-growing segment

    Nick Halter
    2 Jul 2015 | 12:15 pm
    Best Buy Co. Inc. is adding more drones to its product mix and ramping up marketing as the industry awaits regulations from the Federal Aviation Administration. The Richfield-based retailer has been selling drones for about a year, but only recently started stocking stores with the new smart-phone controlled 3DR Solo, which retails for $1,000. Best Buy (NYSE: BBY) sent out an e-mail blast earlier this week promoting the Solo and five other drones. The company wants a share of a fast-growing industry,…
  • MEDA consultant picked to rep businesses on MNsure board

    Katharine Grayson
    2 Jul 2015 | 11:57 am
    Gov. Mark Dayton has selected a Metropolitan Economic Development Association business consultant and former food company executive to represent small employers on MNsure's board. Edgardo Rodriguez will succeed Brian Beutner, who left the health insurance exchange's board after his term expired earlier this year. Dayton also appointed retired attorney Martha Eaves to replace Thompson Aderinkomi, who represented individual consumers on the board. Eaves was previously an attorney for Southern Minnesota…
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    Nashville Business News - Local Nashville News | The Nashville Business Journal

  • Fresh Hospitality expands in Brentwood

    Lori Becker
    3 Jul 2015 | 5:45 am
    The fast-growing Nashville company behind more than a dozen restaurant brands is expanding again. Fresh Hospitality is opening another outpost for Taziki's Mediterranean Café, this time in Brentwood. It's the 10th location in Tennessee for Taziki's, which was recently named one of the 50 fastest-growing restaurant chains in the nation by Restaurant Business. The 3,000-square-foot restaurant will open next week at 7021 Executive Center Drive in Brentwood. Taziki’s is headquartered in Birmingham,…
  • Nashville real estate trust sells two sites for $97M

    Lori Becker
    3 Jul 2015 | 5:43 am
    Healthcare Realty Trust, a Nashville-based health care real estate investment trust, has sold two medical buildings totaling 176,000 square feet for $97 million. The properties in Indianapolis are a 118,000-square-foot orthopedic inpatient surgery hospital and a 58,000-square-foot medical office building. Healthcare Realty (NYSE:HR) announced the sale Thursday evening but did not disclose the buyer. The company's portfolio includes $3.3 billion of investments in 199 real estate properties and mortgages,…
  • BP reaches $18.7B settlement with U.S., Gulf Coast states (Video)

    Olivia Pulsinelli
    3 Jul 2015 | 5:37 am
    London-based BP PLC (NYSE: BP), which has its U.S. headquarters in Houston, announced July 2 it reached an $18.7 billion settlement agreement over federal, state and local claims related to the 2010 Deepwater Horizon disaster and Gulf of Mexico oil spill. BP Exploration and Production Inc., BP’s U.S. upstream subsidiary, reached the agreements with the U.S. federal government and the states of Alabama, Florida, Louisiana, Mississippi and Texas. The states’ agreement also settles more than 400…
  • Whole Foods CEOs admit to overcharging

    Michael Theis
    3 Jul 2015 | 5:29 am
    In response to a New York City investigation into pricing at Whole Foods Market Inc., co-CEOs Jon Mackey and Walter Robb admitted Thursday the company had incorrectly charged customers for pre-packaged food sold by weight. The admission came in the form of a video posted to YouTube that featured Mackey and Robb standing in a produce section, explaining their company's transgressions, but insisting that any errors were unintentional. The pair also unveiled a series of steps that Austin-based Whole…
  • Family Dollar-Dollar Tree merger wins federal nod

    Jennifer Thomas
    3 Jul 2015 | 5:10 am
    The merger of two discount chain giants has gained the green light from the Federal Trade Commission. Dollar Tree Inc.’s acquisition of Family Dollar Stores Inc. is expected to close on Monday, subject to satisfaction of remaining closing conditions, according to a U.S. Securities and Exchange Commission filing Thursday. It’s been nearly a year since the Dollar Tree announced its plans to acquire Matthews, N.C.-based Family Dollar (NYSE:FDO) in an $8.5 billion merger. Since then, the value…
 
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    Orlando Business News - Local Orlando News | The Orlando Business Journal

  • Rumor: Disney's Hollywood Studios set for $3B expansion, new name

    Jim Carchidi
    3 Jul 2015 | 10:49 am
    Disney's Hollywood Studios may receive a $3 billion answer to the question: "What's in a name?" Take it with a grain of salt for now, but rumors behind the park's renovation at Walt Disney World Resort have reached critical mass and the truth may soon reveal the largest Disney park renovation in company history. A blog at entertainment website thisisinfamous.com reports a $3 billion park expansion is in the works that will include farewells to many favorites and welcome many long-awaited changes,…
  • Foodie culture and the competition: What's shaping Orlando caterers

    Denise Hicks
    3 Jul 2015 | 6:00 am
    We asked four Central Florida caterers how Orlando's foodie culture has impacted what they do and how they stay ahead of their competitors. Here's what they had to say: Michael Thomas, owner, John Michael Exquisite Weddings & Catering: Orlando’s food culture has progressed rapidly in the last five years. We are realizing those trends and recently decided to focus on a Southern Chic-style menu. Sharon and David Nina, president/vice president, Edibles Etc. Inc.: Trending with locally sourced…
  • Orlando Citrus Bowl wrapped up eventful month in June

    Cindy Barth
    3 Jul 2015 | 3:04 am
    June delivered lots of activity and success for the Orlando Citrus Bowl. The stadium’s eventful month included playing host to a sold-out concert by the Rolling Stones, as well as Orlando City Soccer's upset game against D.C. United, currently ranked No. 1 in the Eastern Conference, and an inaugural international friendly featuring the Mexico and Costa Rica national football teams. The stadium also hosted the 2015 Lamar Hunt U.S. Open Cup Round of 16 on June 30, the oldest current national soccer…
  • Family Dollar-Dollar Tree merger wins federal nod

    Jennifer Thomas
    3 Jul 2015 | 2:39 am
    The merger of two discount chain giants has gained the green light from the Federal Trade Commission. Dollar Tree Inc.’s acquisition of Family Dollar Stores Inc. is expected to close on Monday, subject to satisfaction of remaining closing conditions, according to a U.S. Securities and Exchange Commission filing Thursday. It’s been nearly a year since the Dollar Tree announced its plans to acquire Matthews, N.C.-based Family Dollar (NYSE:FDO) in an $8.5 billion merger. Since then, the value…
  • Home Depot asks court to dismiss financial institutions' lawsuit over data breach

    David Allison
    3 Jul 2015 | 2:34 am
    The Home Depot Inc. says it's not responsible for any losses incurred by financial institutions as a result of the company's data breach. On July 1, Home Depot (NYSE: HD) for the first time responded to a lawsuit filed against the company by more than 100 financial institutions over Home Depot's massive 2014 data breach. In that complaint, filed on May 27, the financial institutions claim Home Depot's data breach caused total fraud losses "in the billions of dollars." Last November, OBJ reported…
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    Philadelphia Business News - Local Philadelphia News | The Philadelphia Business Journal

  • Oddmakers: NJ Gov. Christie's presidential hopes have 10-1 odds

    John Abbott
    3 Jul 2015 | 5:51 am
    New Jersey Gov. Chris Christie is slumping in the polls both at home and in states key to his bid for president. But if you believe oddsmakers, he may have a better chance of making it to the Oval Office than those polls indicate. Christie's chances of winning the presidency right now are 10-1, according to bookmaking company William Hill. That's fourth place behind Hillary Clinton, at 2-1; Marco Rubio, at 6-1; and Jeb Bush, at 9-1. That 10-1 assessment may not be entirely reliable, warned Harry…
  • Center City will be fenced in during Pope Francis visit: Sources

    Vince Lattanzio
    3 Jul 2015 | 5:47 am
    Philadelphia officials plan to construct an 8-foot tall fence to enclose a more than 4 mile stretch of Center City for Pope Francis' visit in September, multiple sources with knowledge of security plans tell NBC10. The perimeter fence will start to be erected on Monday, September 21 and cover a 4-and-a-half mile swath of downtown. The area will then be swept by security personnel and go through rolling security checks through the weekend, sources said. On Friday, September 25, the day before the…
  • Local entertainment startup plans to rock music monetization

    Dan Norton
    3 Jul 2015 | 5:39 am
    A Philadelphia-based entertainment company plans to upend artists' abilities to monetize their music by capitalizing on its voluminous collection of data that pinpoints similarities among consumers. PredPop picked apart 25 years of chart-topping songs and unearthed their links to each other, creating an interactive map of the data. The project is free to the public, and it was built as a gateway to the local startup's future, for-profit plans. "People may not have realized if two artists collaborated…
  • Sources: Massive changes at CBS3 is move to compete with NBC10

    Jeff Blumenthal
    3 Jul 2015 | 5:37 am
    The catalyst behind a massive overhaul at CBS3 – that included axing Chris May, Kathy Orr and Beasley Reece – is a surge in investment at competitor NBC10 that began when Comcast Corp. acquired the local TV station's parent company several years ago, multiple sources told the Philadelphia Business Journal. “We noticed it right away,” said a CBS3 employee who spoke on the condition of anonymity. “They’ve been very aggressive. Lots of promotion of NBC10, Comcast SportsNet, The Comcast…
  • 5 things to know, including what happens when phones become guns

    Dell Poncet
    3 Jul 2015 | 3:01 am
    Up and at ‘em. Don’t spend your day off loafing around. Do some chores: fix that thing you’ve been meaning to fix, adjust that motor till it's humming along, clean the cat litter boxes. Or take it easy and only do what you want to do NOT what you should do. That’s my day off guiding principle. While you’re having your morning coffee, check out this stuff. Is that your phone or are you robbing me? Here is an interesting development. Some company makes an iPhone case that looks like a…
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    Phoenix Business News - Local Phoenix News | The Business Journal of Phoenix

  • Aetna buying Humana, creating second-largest health plan in nation

    Angela Gonzales
    3 Jul 2015 | 2:53 pm
    Aetna Inc. (NYSE: AET) plans to acquire Humana Inc. (NYSE: HUM) for $37 billion, a deal that is expected to take about a year to complete. At that time the combined operation of more than 33 million health plan members and $115 billion in annual revenue will be the second-largest managed care plan in the nation after only UnitedHealth Group. But it will be the largest provider of Medicare Advantage plans for seniors. Tom Noland, senior vice president of corporate communications of Humana, said…
  • Top of the Phoenix Lists: Office Machine Dealers

    Dale Brown
    3 Jul 2015 | 9:00 am
    No. 2 a year ago, Konica Minolta Business Solutions USA Inc. moved up one spot when the Phoenix Business Journal today published the 2015 version of the annual Office Machine Dealers list. The list was ranked by number of local, full-time employees. Konica Minolta Business Solutions, which purchased longtime list regular Hughes-Calihan Corp. in 2007, reported 200 employees. Pacific Office Automation and Arizona Office Technologies tied for the No. 2 ranking with 150 employees each. Ricoh USA Inc.,…
  • Top of the Phoenix Lists: Residential Real Estate Brokers

    Dale Brown
    3 Jul 2015 | 6:00 am
    HomeSmart Phoenix ran its string of No. 1 placings on the Phoenix Business Journal’s Residential Real Estate Brokers list to four with its performance on the 2015 version of the list, published today. The list was ranked by residential sales volume for 2014. HomeSmart Phoenix reported $5.09 billion in sales, while runner-up Russ Lyon | Sotheby’s International Realty reported $2.85 billion. Third was West USA Realty with $2.5 billion. Click the image above to see a slideshow of the top five…
  • Business@Leisure: Luxury with economy staycation at Hotel Palomar CityScape

    Eric Jay Toll
    3 Jul 2015 | 6:00 am
    It’s another grueling hot week in Phoenix and sitting at home doesn’t fit the bill for the weekend. Many heed the “staycation” clarion call. The idea of staycations isn't new, but a staycation in the heart of the Valley is a little off the normal track. Downtown Phoenix has a cachet different than urban San Francisco, Manhattan or Chicago’s Magnificent Mile. I was on that bandwagon, too. For a number of years, I’ve heard it said, “you should see all that’s going on” about downtown…
  • Low market participation behind drop in U.S. unemployment rate

    Larissa Garza
    2 Jul 2015 | 2:11 pm
    While unemployment in the U.S. dropped in June, the economy is still struggling with an historically low participation rate that has many people still on the sidelines of the growing job market. Participation was at historic lows after unemployment declined by 0.3 percentage point to 62.6 percent in June, according to the U.S. Department of Labor. This is a 37-year-old low means many people are not working and are not looking for employment, which could make the labor market look a lot better than…
 
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    Pittsburgh Business News - Local Pittsburgh News | The Pittsburgh Business Times

  • Alpha Natural Resources sees great potential in its shale gas project

    Sam Kusic
    3 Jul 2015 | 8:22 am
    Alpha Natural Resources' buyout of its shale-gas development partner isn't a sign that the company intends to diversify entirely out of coal, but it does, however, need to diversify, Chief Commercial Officer Brian Sullivan said on Thursday. In an exclusive interview with the Business Times, Sullivan said the deal gives it full control of a new asset whose value will only increase in time. And that's important, he said, given the persistent challenges the coal industry is facing. On Wednesday, Alpha…
  • Washington Health System completes acquistion

    Kris B. Mamula
    3 Jul 2015 | 8:08 am
    Washington Health System has closed on its acquisition of Southwest Regional Medical Center, giving the system a 49-bed hospital in Greene County. The tiny Waynesburg hospital will continue offering health care services under the Washington Health System Greene banner. Washington acquired the hospital from RegionalCare Hospital Partners of Brentwood, Tenn., and terms were not disclosed. Included in the deal was Southwest’s wound and hyperbaric center, home care businesses and some physician practices. Washington…
  • Peduto administration sues Intergovernmental Cooperation Authority over gaming funds

    Tim Schooley
    2 Jul 2015 | 1:54 pm
    The administration of Mayor Bill Peduto stepped its conflict with the Intergovernmental Cooperation Authority, filing suit against the state oversight board to force it to pay $11.4 million in gaming funds it claims is owed to the city. Peduto claims in a public statement announcing the legal action that the $11.4 million in gaming funds were included in the 2014 and 2015 budgets that were approved by the ICA, an amount the administration said is expected to rise to $20 million by the end of the…
  • Goodbye H.J. Heinz Co.; Kraft Heinz merger a done deal

    Justine Coyne
    2 Jul 2015 | 1:27 pm
    It's official: Kraft Foods Group Inc. and H.J. Heinz Co. are now one company, the newly formed packaged food giant announced Thursday, following the close of the stock market. The deal, first announced March 25, creates the Kraft Heinz Co., a public company with sales of $28 billion, which represents the third-largest food and beverage company in North America and the fifth largest internationally. It also adds another American company to Heinz owner 3G Capital's roster, which along with the Pittsburgh-based…
  • URA seeking new developer for riverfront site

    Tim Schooley
    2 Jul 2015 | 1:00 pm
    The Urban Redevelopment Authority of Pittsburgh has sent out a new RFP for a riverfront parcel at the Pittsburgh Technology in South Oakland. The authority is seeking a new developer for the 1.5-acre parcel after downtown-based Oxford Development Co. opted to not go forward with a new flex-office building on the property. The URA is offering the property at a price of $690,000. The parcel is one of only two open plots of developable land at the Pittsburgh Technology Center, the redevelopment of…
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    Portland Business News - Local Portland News | The Portland Business Journal

  • Portland startup Outdoor Project opens advanced features to all adventure seekers

    Malia Spencer
    2 Jul 2015 | 2:33 pm
    Portland startup Outdoor Project — a website dedicated to making it easier for people to find and plan outdoor trips— has revamped some key aspects of its business to make the site more accessible. Outdoor Project, an alum of the Portland Incubator Experiment, now has more than 2,300 adventures listed on its site across the western U.S. The site records 250,000 unique monthly visitors and will add adventures in more states this summer. The site has been redesigned to work on desktop and mobile…
  • Oregon fire update: Weyerhaueser shuts down access to 1.1M acres of threatened forest

    Wendy Culverwell
    2 Jul 2015 | 2:32 pm
    With drought conditions now affecting the vast majority of Oregon, Weyerhaeuser Co. has closed its tree farms to the public, citing the threat of fire. Federal Way, Washington-based Weyerhaeuser (NYSE: WY) said the decision affects its its entire 1.1 million-acre portfolio of tree farms in North Valley, Springfield, South Valley, Coos Bay, Northwest Oregon and the Oregon Cascades. "The thing we're most concerned about is fireworks," said spokesman Gregg Miller. Fireworks are not permitted on any…
  • Bill to ban toxic chemicals in toys and shampoo heads to Oregon House for final vote

    Wendy Culverwell
    2 Jul 2015 | 1:49 pm
    A bill to remove toxic chemicals from personal care products and children's toys is expected to pass easily in the House after the Oregon Senate signed off Wednesday on an 18 to 11 vote. Senate Bill 478, the Toxic Free Kids Act, requires the Oregon Health Authority to establish a list of high priority chemicals and require manufacturers to incrementally phase them out of products used by children. The list includes formaldehyde, benzene, mercury and arsenic. Sen. Chris Edwards, D.-Eugene, Rep.…
  • Oregon insurer to be sold in blockbuster $6.8B health care deal

    Elizabeth Hayes
    2 Jul 2015 | 1:35 pm
    St. Louis-based Centene Corp., which is buying Eugene-based Trillium Community Health Plan Inc., is about to expand its Oregon presence yet again. The company today announced it is buying rival Health Net in a cash-and-stock deal valued at $6.8 billion. Health Net operates health plans in four states: Oregon, Washington, California and Arizona. Brad Kieffer, a spokesman for Health Net Health Plan of Oregon, said it’s too early to say if the name will change here or how Trillium and Health Net…
  • Zenger Farm retires its creaky farmhouse for a gleaming $2.3M urban grange (Photos)

    Wendy Culverwell
    2 Jul 2015 | 10:42 am
    Zenger Farm has at long last retired the two-bedroom farmhouse where it operated its community farm and welcomed 10,000 school children every year. The Portland nonprofit cut the ribbon on its 6,600-square-foot urban grange last week and is already welcoming children, community groups and campers. Take a tour of Zenger Farm and its new urban grange in the photo gallery above. Established in 1999, Zenger Farms is a 20-acre working farm and educational center at Southeast 117th and Foster Road in…
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    Raleigh Business News - Local Raleigh News | The Triangle Business Journal

  • Triangle Treats: July 3

    Dathan Kazsuk
    3 Jul 2015 | 1:30 pm
    Did you know that Greensboro-based Biscuitville has been having its annual biscuit Bake-Off competition for the past 15 years? I sure didn’t. But they just named the grand champion of this years biscuit-making contest, which included more than 100 Biscuitville team members from the 54 company-owned restaurants in North Carolina and Virginia. Greg Kearns, operator of the N. Fayetteville Street restaurant in Asheboro was named Grand Champion biscuit maker among managers. Maroua Abbou, from the S.…
  • Chapel Hill marketing startup raises cash

    Lauren K. Ohnesorge
    3 Jul 2015 | 1:15 pm
    Investors are starting to bet on a small Chapel Hill-based marketing startup, according to papers filed this week with the Securities and Exchanges Commission. IValu8 raised two separate tranches of cash this week, according to securities filings – about $60,000 in debt and $230,000 in equity capital. The loan round is capped at $300,000, meaning there’s a possibility of an additional $240,000 in the coming months. iValu8, founded in 2013 and led by CEO Andrew Fox, has developed a mobile and…
  • UNC seeks ad agency to freshen ESPN commercial

    Jason deBruyn
    3 Jul 2015 | 12:45 pm
    UNC-Chapel Hill is soliciting ad agencies to build a new television campaign to run on ESPN channels during football and basketball games. The “brand spot will be the primary paid advertising for the University for the year and so will need to clearly and compellingly share Carolina’s message,” according to a request for information put out by UNC. Responses are due July 10, but UNC has not yet asked for full proposals. In fact, the university specified that cost and pricing data should not…
  • Former Yadkin CEO to receive $2.2M severance in restructured role

    Lauren K. Ohnesorge
    3 Jul 2015 | 12:20 pm
    Yadkin Bank (Nasdaq: YDKN) released new details late Thursday on the transition of Joe Towell, who led the bank prior to its merger with Raleigh-based VantageSouth last year. Specifically, according to a securities filing, Towell gets $2.2 million payable in 52-weekly installments as severance pay to step down from his role as executive chairman of the board. He’ll continue to serve as chairman of the board of directors, but will no longer be involved in day-to-day operations. He’ll instead…
  • It's back: Slide the City to take over Raleigh – again

    Lauren K. Ohnesorge
    2 Jul 2015 | 1:50 pm
    Slide the City – a Utah-based event that transformed Glenwood Avenue into a water slide in May– confirms it is coming back to Raleigh this summer. "We're working on it now, nothing secure yet," says spokesman Brad Behle. "(We) want to come back and put on an even better showing than last time." The Raleigh debut, while sold-out, did result in some Twitter backlash, as people took to social media to complain about long lines. Some attendees even created YouTube montages of people falling on…
 
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    Sacramento Business News - Local Sacramento News | The Sacramento Business Journal

  • Health Net acquisition could save 900 local jobs

    Kathy Robertson
    2 Jul 2015 | 4:14 pm
    Health Net put a massive outsourcing deal on hold Thursday, potentially saving 900 jobs in Rancho Cordova. The reason: Centene Corp. is acquiring Health Net. The deal needs state regulatory approval. But if it closes early next year as expected, a seven-year outsourcing deal with Cognizant Technology Solutions will be called off due to overlapping services and capabilities, Health Net spokesman Brad Kieffer said. This means an immediate reprieve for 27 Health Net workers in Rancho Cordova expected…
  • Standard and Poor's upgrades California's credit rating

    Allen Young
    2 Jul 2015 | 2:03 pm
    Standard & Poor’s has raised California’s credit rating to its highest level in 14 years, the credit ratings agency announced Thursday. The improved credit rating can be viewed as a general barometer of the state’s fiscal health. The upgrade may also allow the state treasurer to go to market with state bonds at lower borrowing costs. The change, from A+ to AA-, is due to the 2015-16 state budget— which went into effect Wednesday — that shows a multiyear alignment of revenues and expenditures,…
  • California Museum chooses longtime employee as executive director

    Mark Anderson
    2 Jul 2015 | 1:52 pm
    The California Museum has chosen Amanda Meeker as its new executive director. She will start at the helm of the museum July 13. She currently is exhibits and programs director at the museum at 1020 O St. in Sacramento. Meeker began working at the museum in January 1998, five months before the museum opened as the Golden State Museum. “Amanda is the perfect fit to lead the next chapter of the Museum,” said Richard Costigan III, chairman of the museum’s board of trustees. “Beyond her 18…
  • Five key takeaways about second-quarter office leasing figures

    Ben van der Meer
    2 Jul 2015 | 11:44 am
    The end of the second quarter means it's time to take the temperature of Sacramento's office market. Here are five takeaways: The slow, steady upward pace of leasing continues. No big leases this quarter, but the trend is positive, said Mike Stassi of CBRE Sacramento. Institutional investors have stayed busy picking up properties. This suggests strong faith in future leasing rates. Roseville and Folsom still head the submarket pack, but downtown Sacramento, Point West and Rancho Cordova are continuing…
  • Here's why a Roseville audiophile company just raised 1,178% of latest crowdfunding goal

    Mark Anderson
    2 Jul 2015 | 11:41 am
    High-end audio developer Light Harmonic LLC closed another successful crowdfunding campaign, this time raising $341,319 in pre-sales of a headphone amplifier. The company has raised more than $5 million through various campaigns since the winter of 2013. This most recent campaign, which ended June 30, was 1,178 percent funded after 60 days. The new product, called the Geek Out V2, is both a headphone amplifier and compact digital-to-analog converter. People who bought the Geek Out V2 through the…
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    St. Louis Business News - Local St. Louis News | The St. Louis Business Journal

  • Study this week’s I Spy St. Louis puzzle closely

    Veneta Rizvic
    3 Jul 2015 | 11:00 am
    Another week of I Spy St. Louis comes to an end, and now it’s time for us to start a new puzzle. But before we get to the new puzzle, I just want to point out one more time that we were able to get to the third clue before we got a correct answer this time! That’s the first time we’ve had that happen since we started the I Spy St. Louis series 11 weeks ago. But back to our new puzzle — we’re taking you back to the downtown St. Louis area, not because we’re lazy, but because we think…
  • Your guide to St. Louis’ largest international companies

    Katlyn Keller
    3 Jul 2015 | 9:00 am
    Bunge Ltd. topped this week’s list of St. Louis’ largest international companies again, with 2014 international sales at $44.96 billion. The global agribusiness and food company had 2014 revenue of $57.2 billion, and does business in areas such as Europe, Brazil, Asia, Argentina and Canada. Anheuser-Busch InBev came in at No. 2 with 2014 international sales at $30.97 billion, followed by Emerson Electric and Boeing. Most company’s ranks did not change from 2013 to 2014, although Jacobs,…
  • This week’s I Spy St. Louis winner knows his stuff

    Veneta Rizvic
    3 Jul 2015 | 8:00 am
    Leave it to one of our summer interns to stump our readers for longer than anyone else has been able to since we started I Spy St. Louis. We knew she was awesome though, so we aren’t too surprised. This week’s winner guessed correctly after the third clue was shared, congratulations to Larry Costello for recognizing the Kirkwood Train Station. Larry says that he recognized the red window trim and the stone building in the second clue, but the reflection in the third clue is what made him feel…
  • From the publisher: Civic attitude adjustment

    Ellen Sherberg
    3 Jul 2015 | 4:00 am
    If I told you about a business community that is home to nine Fortune 500 headquarter companies with combined revenue of nearly $200 billion, at least seven universities, two research medical centers plus a world-class symphony, arguably one of the best botanical gardens in the U.S., strong private schools and admired suburban public schools, wouldn’t you want to know more? If I added a great park system and one of the most generous philanthropic communities by all sorts of measures, would you…
  • Home of the Day: Escape to Nature at The Bluff House

    <strong><a href="/stlouis/resources/real-estate/home-of-the-day/dielmann-sothebys-international-realty">Dielmann Sotheby's International Realty</a></strong>
    3 Jul 2015 | 12:57 am
    By Andy Dielmann, Broker Home of the Day is presented by the St. Louis Business Journal with Dielmann Sotheby's International Realty. This is your invitation to view some of St. Louis's most-luxurious properties. Come inside and take a look around. Click on the gallery image to view today's featured property. 99 Garland Boone Lane, Rhineland, MO 65069 | $860,000 The Bluff House, this captivating rustic and art deco home is situated on 225+ acres of land that stretches across the winding banks…
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    San Antonio Business News - Local San Antonio News | The San Antonio Business Journal

  • Former Dallas mayor: It's time to build more nuclear reactors

    Sergio Chapa
    3 Jul 2015 | 3:00 am
    Four years after the Tōhoku earthquake and tsunami that led to a meltdown at the Fukushima nuclear power plant in Japan, the industry is moving forward again. As a CPS Energy-backed company seeks to expand its nuclear energy plant on the Coastal Bend, there are five nuclear reactors under construction in the United States and another 61 around the globe. China leads with 23 new reactors being built, followed by Russia with nine. “In China, there is talk of 200 reactors,” said Ron Kirk with…
  • Reporter's Notebook: Inside A Nuclear Power Plant

    Sergio Chapa
    2 Jul 2015 | 3:06 pm
    I can now scratch an item off my journalist bucket list: taking a tour of a nuclear power plant. Both myself and visual journalist Carlos Sanchez were given a tour of the South Texas Project near Bay City. I kept them to myself but Simpsons references were running through my head. There is no "Mr. Burns" at the power plant because its two reactors are owned by three entities: NRG Energy, CPS Energy and Austin Energy. NRG Energy has a 44 percent stake while San Antonio's municipally owned utility…
  • Transaction Action: Leasing activity highlights active week in San Antonio real estate

    Katie Burke
    2 Jul 2015 | 3:02 pm
    This weekly blog details recent commercial real estate deals — including sales, leases, new assignments and openings — in the San Antonio area. Do you have newsworthy real estate or retail news to share? Contact real estate reporter Katie Burke at kburke@bizjournals.com. Local office leases: Plains Pipeline, L.P. has leased 6,316 square feet of office space in the Northbrook Business Center at 140 Heimer Road. Stream’s Jason Schnittger, and Lindsay Kopplow represented the landlord, TPP 16…
  • Guilty plea entered for I-35 bank robberies

    James Aldridge
    2 Jul 2015 | 2:15 pm
    A San Antonio man pleaded guilty in Austin on Thursday to committing nine bank robberies in San Antonio, New Braunfels, San Marcos and Austin. Willie James Cleveland, 34, pleaded guilty to two counts of bank robbery with a dangerous weapon. However, in making the plea deal, he admitted to stealing in excess of $50,000 from eight separate banks between February 2015 and April 2015. San Antonio Police Department detectives arrested Cleveland on April 20 and he has remained in federal custody ever…
  • Outside companies driving up San Antonio real estate prices, and not just because of demand

    Katie Burke
    2 Jul 2015 | 12:56 pm
    With an increasing number of outside companies, restaurants and service firms making their way to San Antonio, a majority have one thing in mind: Man is it cheap here. Because of San Antonio's comparatively low real estate prices, those companies with offices in San Francisco, Dallas, New York, Chicago, Boston, etc. are going to put in offers that this city has never before seen. Sure, basic economics says that an increase in demand and a short amount of supply will drive rents upward. But in this…
 
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    San Francisco Business News - Local San Francisco News | The San Francisco Business Times

  • In surprise move, Planning Commission may seek to halt some Mission housing

    Cory Weinberg
    3 Jul 2015 | 3:21 pm
    The Planning Commission will vote next week whether it should decide on one of San Francisco’s most contentious policy debates: whether market-rate apartment and condominium projects should continue to get built in the Mission District. With a similar measure heading toward November’s ballot after the Board of Supervisors rejected a market-rate moratorium last month, the Planning Commission’s entrance into the debate is unexpected. It would be the first time the body has initiated a debate…
  • Health Net being acquired in $6.8 billion deal

    Angela Mueller
    2 Jul 2015 | 4:00 pm
    Los Angeles-based managed care provider Health Net is being acquired by Centene Corp. in a deal valued at $6.8 billion. The deal could mean job losses at Health Net offices in Rancho Cordova, where more than 2,400 of the Woodland Hills-based health insurer's employees work. The deal, which is expected to close by early 2016, will add Health Net's Medicare platform to Centene's existing Medicaid programs and create a managed care firm with more than 10 million members nationwide and approximately…
  • Warriors ink Green, close to locking up championship core

    Ron Leuty
    2 Jul 2015 | 2:56 pm
    Going into the NBA Finals, Golden State Warriors owner Joe Lacob said his team had a chance to be very good for a very long time. He and co-owner Peter Guber are putting their money where their mouths are, inking forward Draymond Green to a new five-year contract reportedly worth $85 million. That would keep the core of the team that beat the Cleveland Cavaliers in six games intact at least through next season. Cover story— Game changers: How the Warriors changed a failing franchise And…
  • Exclusive: Keiretsu Capital raises more than $6 million for its first angel-investor fund

    Mark Calvey
    2 Jul 2015 | 2:47 pm
    Keiretsu Capital says it raised more than $6 million in its first angel co-investment fund that will invest in early-stage technology companies backed by leading angel groups. The fund has already invested in 17 companies in the information technology, Internet and life sciences sectors. The fund's portfolio companies also have received financing from Keiretsu Forum, Angels Forum, the Band of Angels, Sand Hill Angels or Tech Coast Angels. Keiretsu Capital's fund allows angel investors to better…
  • Go team! California bill proposes cheerleaders as employees

    Allison Fazio
    2 Jul 2015 | 2:45 pm
    There's no "cheer" in "team" — but there could be next week. A California bill currently on Gov. Jerry Brown's desk would make all cheerleaders for state-based professional sports teams employees and mandate that they be paid at least minimum wage. The underlying issue tackled by the bill — the status of workers — is similar to the high-stakes legal battle over independent contractors that has ensnared Bay Area tech titans such as Uber. If Brown signs it, the bill will add a section to the…
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    San Jose Business News - Local San Jose News | The Silicon Valley / San Jose Business Journal

  • Home of the Day: Irreplaceable Setting in Western Hills

    <strong><a href="/sanjose/resources/real-estate/home-of-the-day/pacific-union">Pacific Union and Christie’s International Real Estate</a></strong>
    3 Jul 2015 | 12:58 am
    By Martha Rodman, Realtor® Home of the Day is presented by the Silicon Valley Business Journal with Pacific Union and Christie’s International Real Estate. This is your invitation to view some of San Jose's most-luxurious properties. Come inside and take a look around. Click on the gallery image to view today's featured property. 26 Spyglass Ct., Napa, CA 94558 | $1,295,000 Views of Valley Floor & Napa River - just minutes to downtown Napa. Property backs up to open space, corner lot, cul-de-sac,…
  • Health Net being acquired in $6.8 billion deal

    Angela Mueller
    2 Jul 2015 | 3:19 pm
    Los Angeles-based managed care provider Health Net is being acquired by Centene Corp. in a deal valued at $6.8 billion. The deal could mean job losses at Health Net offices in Rancho Cordova, where more than 2,400 of the Woodland Hills-based health insurer's employees work. The deal, which is expected to close by early 2016, will add Health Net's Medicare platform to Centene's existing Medicaid programs and create a managed care firm with more than 10 million members nationwide and approximately…
  • Natera closes up 23.6% over its announced IPO price

    2 Jul 2015 | 2:44 pm
    The first day of trading in Natera’s stock was a good one for the company. The San Carlos-based genetic testing company closed Thursday on the Nasdaq Global Select Market at $22.74 a share, up 26.3% over its announced price of $18 for 10 million shares. That price was at the high end of the range of $17 to $18. Natera previously filed to raise $100 million by offering 6.3 million shares at $15-$17. The stock officially opened at $22.10 and climbed as high as $24.36 during the day’s trading. More…
  • Standard and Poor's upgrades California's credit rating

    Allen Young
    2 Jul 2015 | 2:36 pm
    Standard & Poor’s has raised California’s credit rating to its highest level in 14 years, the credit ratings agency announced Thursday. The improved credit rating can be viewed as a general barometer of the state’s fiscal health. The upgrade may also allow the state treasurer to go to market with state bonds at lower borrowing costs. The change, from A+ to AA-, is due to the 2015-16 state budget— which went into effect Wednesday — that shows a multiyear alignment of revenues and expenditures,…
  • Why Theranos' breakthrough herpes test boosted its clout in the science world

    Ron Leuty
    2 Jul 2015 | 2:32 pm
    Theranos Inc. cleared a regulatory hurdle Thursday for its lab test system to spot a tiny virus, but the news was big for the Palo Alto company. The Food and Drug Administration's clearance of Theranos' finger and vein blood testing technology for herpes simplex 1 is the first for a company that has come under fire from academics and established lab testing giants for not passing rigorous validation. Secretive Theranos, started by CEO Elizabeth Holmes as a Stanford University dropout 12 years ago,…
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    Seattle Business News - Local Seattle News | The Puget Sound Business Journal

  • Which Seattle neighborhood drinks the most craft beer? Drizly reveals alcohol trends

    Emily Parkhurst
    3 Jul 2015 | 7:37 am
    The neighborhood in Seattle that loves craft beer the most? You guessed it. Ballard. The online alcohol delivery company Drizly, which has been delivering alcohol in Seattle for a little less than a year, has parsed the numbers for alcohol trends throughout the city, and it’s revealed some interesting data. People in Greenlake, for example, love Ketel One vodka. In fact, Greenlake is the thirstiest city in Drizly’s coverage area, ordering more alcohol than any other neighborhood. People in…
  • There are more craft distillers in Washington state than anywhere else in the country

    Stephanie Forshee
    3 Jul 2015 | 7:18 am
    First, it was craft brewers popping up everywhere. Now, it's craft distillers' time. As of last October, Washington state counted more craft distilleries than any other state, King County topped the list of counties across the U.S. and Seattle had more distilleries within its city limits than any other city in the country. That’s according to the Washington Distillers Guild. The organization noted recently there are at least 45 applications awaiting approval, making for a potential 155 distilleries…
  • Editor’s picks: Examining craft beer's biggest threat: drought

    Steven Goldsmith
    3 Jul 2015 | 7:08 am
    With a record heat wave and a holiday weekend to build up your thirst, this may not come as welcome news: Washington state’s beer industry faces a threat. It’s the statewide drought. Beer is 75 percent water, but that’s not the problem. The problem is hops. Prices for this grown-in-Washington ingredient – which is one of the main flavors in many varieties of beer – are soaring in part because of reduced water allocations for the Yakima Valley farmers who produce most of the nation’s…
  • A growing Concur Technologies soon will occupy half of this Bellevue office tower

    Marc Stiles
    3 Jul 2015 | 7:01 am
    Concur Technologies has been on a big growth spurt since moving from Redmond to downtown Bellevue two years ago, and now it's growing even more. Iniitially, the company inked a lease for 123,000 square feet for its headquarters in the Key Center building, 601 108th Ave. N.E. Currently, Concur occupies 180,000 square feet, and is planning to grow into another 63,000 square feet over the next 12 months, Al Kinisky, Concur's senior director of global real estate, said last week. Concur was acquired…
  • Patti Payne's Cool Pads: Musician's $1.25M town home in Seattle's chic 'Sanctuary' sells lightening fast

    Patti Payne
    3 Jul 2015 | 6:50 am
    A unique, $1.25 million town home at 1517 E. Denny Way sold almost as soon as it hit the market last month. The Sanctuary, an architecturally significant 12-unit boutique community of town homes built in a century-old Christian Science church in Capitol Hill is described as New York City chic. The former owner, Steve Scalfati, was thrilled. He was the first owner in the building and lived there for three years before he decided to sell. Scalfati has lived in the Seattle area since he was 9 years…
 
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    South Florida Business News - Local South Florida News | The South Florida Business Journal

  • City National Bank provides $13M for Wal-Mart-anchored center in Broward

    Brian Bandell
    3 Jul 2015 | 7:00 am
    An affiliate of Gaitlin Development Co. obtained a $13.265 million construction loan for a Davie retail center that will be anchored by Wal-Mart Neighborhood Market. Miami-based City National Bank of Florida awarded the mortgage to GDC Davie LLC, an affiliate of the Fort Lauderdale-based developer headed by Franklin Gatlin III. The project at the southeast corner of Stirling Road and South Pine Island Road recently broke ground. It is called Pine Island Marketplace. The developer paid $7.2 million…
  • Mexico's biggest hotel operator to debut in Miami

    Lewis Lazare
    3 Jul 2015 | 6:30 am
    Grupo Posadas, a major player in the Mexican hospitality industry, is joining forces with Las Vegas-based private equity firm Bighorn Capital to bring the GP's high-end boutique hotel brand, Live Aqua, to Miami. Per its agreement with Grupo Posadas, Bighorn Capital will invest $450 million to develop Live Aqua properties in Miami and four other United States markets — Los Angeles, Chicago, Houston and Washington, D.C. Grupo Posadas said these five markets were initially targeted for the new hotels…
  • The Carlyle Group acquires Lauderdale Marine Center

    Emon Reiser
    3 Jul 2015 | 6:00 am
    The Carlyle Group has acquired the largest yacht repair facility in the nation, the Washington D.C.-based company announced Wednesday. Lauderdale Marine Center will undergo minor renovations and several expansions, the global asset manager (Nasdaq: CG) said in a statement. Its immediate plans for the property include adding pavement to the southwest corner of the property for additional mega-yacht repair space, completing the renovations adjacent to the River Bend boatyard and developing a new management…
  • Physicians Realty Trust pays $14M for Palm Beach medical office

    Brian Bandell
    3 Jul 2015 | 5:00 am
    An affiliate of Physicians Realty Trust acquired a medical office building in Palm Beach Gardens for $14.07 million. LSPB Real Estate, a Palm Beach Gardens company managed by William J. Byron, sold the 20,377-square-foot building to DOC-3602 Kyoto Gardens Drive MOB, part of the Milwaukee, Wisc.-based medical office REIT (NYSE: DOC). This is its eight property in Florida, according to its website. The price equates to $690 per square foot. The building last traded for $5.1 million in 2006. It was…
  • Preschool building in Broward faces foreclosure

    Brian Bandell
    3 Jul 2015 | 4:30 am
    A preschool building in Sunrise could be seized in foreclosure. A foreclosure lawsuit was filed on June 26 by 16098 Weston Holdings against non-profit organization Nueva Generacion Cristiana. It concerns a mortgage last modified at $3.66 million in January by Stonegate Bank, which recently sold it to the plaintiff. The lawsuit targets the 19,914-square-foot private school building at 16098 W. State Road 84. It’s technically in Sunrise, but it’s on the exit to Weston Road on the outskirts of…
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    Tampa Business News - Local Tampa News | The Tampa Bay Business Journal

  • Wallets get a little fatter for Tampa Bay’s richest families

    Margie Manning
    3 Jul 2015 | 8:00 am
    The three Tampa Bay families on Forbes list of America’s Richest Families added to their wealth in the past year. The Jenkins, Glazer and Lykes families each make repeat appearances on the second annual list by Forbes, which profiles the 200 wealthiest clans in the United States. Families needed a combined net worth of $1.2 billion to make the cut, Forbes said. The Jenkins family, which owns about 20 percent of the stock of Tampa Bay’s biggest company, Publix Super Markets Inc., has a combined…
  • Humana agrees to $37 billion buyout from Aetna

    Margie Manning
    3 Jul 2015 | 6:41 am
    Humana Inc., one of the Tampa Bay area’s largest employers, will be acquired by Aetna Inc. for $37 billion. The deal will create the second-largest managed health care company in the United States, Louisville Business First reported. Tampa Bay is the second-largest operations center for Louisville, Kentucky-based Humana (NYSE: HUM). The company employs about 4,000 people in the Tampa Bay area. Humana shareholders will receive about $230 per share under terms of the agreement, which has been…
  • Monroe Berkman sells waterfront home in South Tampa

    Ashley Gurbal Kritzer
    2 Jul 2015 | 11:58 am
    Tampa businessman Monroe Berkman and his wife, Suzette, have sold a waterfront mansion in South Tampa for $3 million. The couple sold the home on Beach Drive in the Belmar Shores area to Donna Marie Bocko and Andrew Richard Mintz, a married couple from New Jersey, according to Hillsborough County property records. The Berkmans provided a $2.7 million mortgage for the purchase, according to property records. The loan is a balloon mortgage with a maturity date of June 30, 2016. The Berkmans purchased…
  • TIA board declines to continue concessions debate, bringing dispute to a close

    Eric Snider
    2 Jul 2015 | 11:55 am
    Anyone expecting one last spasm of clamor over Tampa International Airport’s new concessions program would have walked out of Thursday’s board meeting disappointed. Despite recent media reports, including in the Business Journal, questioning the financial fitness of a minority partner in one of the food-and-beverage contracts, and despite board member Sam Rashid’s proposal two weeks ago that a fellow director move to reconsider the June vote that ratified it, the five-member body stayed altogether…
  • ​Lake Wales investor seeks next Uber among early-stage travel startups

    Wade Tyler Millward
    2 Jul 2015 | 11:46 am
    A newcomer to the world of startup incubators, Matt Zito says he’s surprised to find few local entrepreneurs offering innovative services to Florida’s tourism industry. He’s spent years informally advising travel-related startups, and since September has sought to fund and mentor a new Uber or AirBnb to disrupt traveling as co-managing partner of Travel Startups. Zito has started a fundraising campaign this week to raise $2 million to hire employees and make small investments in 35 startups. The…
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    Washington, D.C. Business News - Local Washington, D.C. News | The Washington Business Journal

  • Get your fill of the beach at this D.C. museum (Video)

    Rebecca Cooper
    2 Jul 2015 | 11:29 am
    Families looking for some of the best parts of the beach without all the hassle would do well to keep the National Building Museum in mind this summer. The museum’s latest installation effort, The Beach, will mimic the real thing when it opens to the public Saturday. The 10,000-square-foot exhibit in the museum’s Great Hall features beach chairs, umbrellas, a delicate turf that feels a bit like sand underneath your shoes and, oh right, a massive “sea” in the form of 1 million small plastic…
  • Washington unemployment rises to 4.7 percent

    Jeff Clabaugh
    2 Jul 2015 | 11:14 am
    The Washington metro area added more than 18,000 jobs in May, even as the unemployment rate rose to 4.7 percent, from 4.3 percent in April. The Washington metro was one of 346 metropolitan areas reporting lower unemployment rates compared to a year ago. Washington’s jobless rate was 5 percent in May 2014. The Bureau of Labor Statistics data for metropolitan areas is not seasonally adjusted. The Washington region added 18,100 jobs from April to May, and BLS says the region has gained 57,000 jobs…
  • GM official buys Georgetown sanctuary

    Andy Medici
    2 Jul 2015 | 10:54 am
    It might just be a house fit for a president. Stefan Jacoby, General Motors executive vice president and president of GM International (NYSE: GM), and his wife Roberta Bantel in April bought a 150-year-old Georgetown home for $3.25 million — and it comes with off-street parking. The four-bedroom townhouse sits on R street in Northwest D.C., across from the historic Dumbarton Oaks Mansion and near Montrose Park. The home also boasts high ceilings, tall windows and hardwood floors on every one…
  • Congress worries about space industry, reliance on Russian rockets

    Naomi Eide
    2 Jul 2015 | 10:36 am
    Congress is calling for the space industry to end its reliance on a Russian rocket engine, encouraging industry leaders to offer viable alternatives, increase competition and limit costs. The United States needs to invest in an American rocket propulsion industrial base, ending the reliance on the Russian RD-180 engine for space launches by 2019, according to U.S. Rep. Mike Rogers, R-Alabama, in a recent House Strategic Forces Subcommittee meeting. The U.S. Air Force is calling for full and open…
  • D.C Council committee to weigh 'death with dignity'

    Tina Reed
    2 Jul 2015 | 10:12 am
    District officials will soon consider whether terminally ill patients should be allowed the right to die. On the heels of high-profile "death with dignity" cases such as that of 29-year-old terminal brain cancer patient Brittany Maynard, D.C. Councilwoman Mary Cheh introduced a bill in January to allow qualifying patients the ability to obtain prescription drugs to end their lives. It will be considered in a public hearing next week. "It's a humane piece of legislation," said Cheh, D-Ward 3. She's…
 
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    Wichita Business News - Local Wichita News | The Wichita Business Journal

  • See Photos from the 2015 40 Under 40 Awards Program

    3 Jul 2015 | 9:13 am
    See Photos from the 2015 40 Under 40 Awards Program
  • ​Exclusive: Wichita Luxury Collection awarded Mini franchise

    Josh Heck
    2 Jul 2015 | 5:00 pm
    The Mini Cooper franchise is coming to Wichita. The Wichita Luxury Collection has been awarded that brand and will be the Mini retailer for the Wichita area. With the addition, the Wichita Luxury Collection will have 10 luxury brands. Mini, which the Luxury Collection has pursued heavily for months, is the latest in string of automotive franchise additions over the past 18 months, including Audi, BMW and Land Rover. Mini will be added to the Wichita Luxury Collection line-up in the coming months…
  • ​Northrop Grumman taps Wichita for new work opportunities

    Daniel McCoy
    2 Jul 2015 | 12:27 pm
    Northrop Grumman Corp. wants to do more work with Wichita suppliers and local leaders want to do everything they can to make it happen. The company on Thursday held The Northrop Grumman New Supplier Symposium at the National Center for Aviation Training on North Webb Road, an event co-hosted by Sen. Jerry Moran and the Greater Wichita Economic Development Coalition. “It’s about jobs. We want to make sure Wichita and south central Kansas remain the Air Capital of the World,” Moran said. “We’re…
  • Credit union assets on the rise

    Stephanie Bloyd
    2 Jul 2015 | 12:17 pm
    Area credit unions enjoyed a 24 percent increase in total assets last year, versus 2013, among credit unions featured on both lists. And loan amounts increased 30 percent over the same period at those credit unions. An improving economy and credit unions’ lower fees are contributing to the success, according to Michael Taylor, president and CEO at Catholic Family Federal Credit Union, who spoke to reporter Daniel McCoy in his related list article. Meritrust Credit Union was ranked number one…
  • Transportation Secretary Foxx agrees to come see general aviation firsthand in Wichita

    Daniel McCoy
    2 Jul 2015 | 11:54 am
    Proponents of the general aviation industry in Wichita may soon have their chance to pitch the importance of the business to a high ranking official in the Obama administration. Sen. Jerry Moran said Thursday that though the details of his visit are still being worked out, Anthony Foxx, Secretary of the U.S. Department of Transportation, has agreed to visit the Air Capital to see the importance of the industry for himself. “The only thing that is confirmed is his acceptance of our invitation,”…
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