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  • Investors want mega software deals in Houston and nationwide

    National Business News - Local Business News | bizjournals
    Molly Ryan
    17 Apr 2014 | 10:01 pm
    Every investor wants a piece of the software innovation pie, according to Mark McCaffrey, the global software leader and a technology partner at PricewaterhouseCoopers LLP. The first quarter venture capital numbers — tallied in the MoneyTree report from PwC and the National Venture Capital Association using data from Thomson Reuters — once again showed that software is where investors are putting the largest chunk of their money. Across the nation, 44 percent of the total first-quarter deals…
  • 20 to Know: Matt Cooper

    Business News from the Midwest - bizjournals.com
    17 Apr 2014 | 9:05 pm
    Matt Cooper Matt Cooper Vice president, brokerage and retail | Equity Inc. How did you get into this profession? Growing up, my dad owned and managed some Ohio State University rental units, so I learned the rental side of the business early on. Graduating from the Fisher College of Business, I knew I wanted to pursue some type of real estate career and had a friend working as a construction project manager for a local development company. The friend suggested I come intern in the brokerage. I…
  • UW Medicine, Hutch feel the pinch of federal cutbacks

    Bizjournals.com Northwest RSS Feed
    Valerie Bauman
    17 Apr 2014 | 3:00 pm
    With declining federal grants, private donations are more critical than ever for medical research, driving more institutions to look to their wealthy neighbors as potential benefactors. In Seattle, that is most evident in the ongoing effort by UW Medicine and the Fred Hutchinson Cancer Research Center to persuade this region’s wealthiest residents to make major commitments to cancer research. So far, the joint effort has raised $116 million, but in primarily smaller donations of $3 million or…
  • Investors want mega software deals in Houston and nationwide

    Business News from Southwest US - bizjournals.com
    Molly Ryan
    17 Apr 2014 | 10:01 pm
    Every investor wants a piece of the software innovation pie, according to Mark McCaffrey, the global software leader and a technology partner at PricewaterhouseCoopers LLP. The first quarter venture capital numbers — tallied in the MoneyTree report from PwC and the National Venture Capital Association using data from Thomson Reuters — once again showed that software is where investors are putting the largest chunk of their money. Across the nation, 44 percent of the total first-quarter deals…
  • Forever Board owner goes back in time for wallboard

    Business News from the Northeast US - bizjournals
    David Bertola
    17 Apr 2014 | 9:15 pm
    When making the wallboard of the future, Ronald Voit ended up perfecting a formula that dates back to ancient Rome. Voit helped raise $2 million to launch Forever Board LLC, for which he is majority owner and CEO. He says his company’s new wallboard is flame retardant and, unlike gypsum based wallboards, about half as heavy. Contractors and developers, he said, want to learn more about Forever Board because they won’t breed mildew or black mold, which can be deadly for homeowners. Voit spent…
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    National Business News - Local Business News | bizjournals

  • Investors want mega software deals in Houston and nationwide

    Molly Ryan
    17 Apr 2014 | 10:01 pm
    Every investor wants a piece of the software innovation pie, according to Mark McCaffrey, the global software leader and a technology partner at PricewaterhouseCoopers LLP. The first quarter venture capital numbers — tallied in the MoneyTree report from PwC and the National Venture Capital Association using data from Thomson Reuters — once again showed that software is where investors are putting the largest chunk of their money. Across the nation, 44 percent of the total first-quarter deals…
  • Forever Board owner goes back in time for wallboard

    David Bertola
    17 Apr 2014 | 9:15 pm
    When making the wallboard of the future, Ronald Voit ended up perfecting a formula that dates back to ancient Rome. Voit helped raise $2 million to launch Forever Board LLC, for which he is majority owner and CEO. He says his company’s new wallboard is flame retardant and, unlike gypsum based wallboards, about half as heavy. Contractors and developers, he said, want to learn more about Forever Board because they won’t breed mildew or black mold, which can be deadly for homeowners. Voit spent…
  • Arizona school voucher program remains unchanged after failed legislative vote

    17 Apr 2014 | 9:09 pm
    A planned expansion of the Arizona school voucher program didn't get enough support to pass through the House of Representatives. The Arizona Daily Star reported House Bill 2291 died after six Republicans voted against it. It would have allowed as many as 120,000 low-income students into the existing program. Such a move could have been a boon for various schools. Click here to read more.
  • F-35 cuts, drops in Raytheon, Boeing orders part of defense cut plan

    17 Apr 2014 | 9:09 pm
    Arizona could see some impact from planned defense cuts, including fewer F-35s entering service, less missiles built by Raytheon in Tucson, and fewer helicopter refurbishments by Boeing in Mesa. Bloomberg reported the government may cut 17 F-35s, a savings of $1.7 billion. Also on the potential chopping block are trimming the number of Amraam missiles made by Raytheon from 2,268 to 1,737. The U.S. Department of Defense would also scale back refurbishments of some AH-64 helicopters at Boeing in…
  • Tesla growing in auto industry influence

    17 Apr 2014 | 9:08 pm
    Tesla Motors Inc. is growing in its influence in the auto industry, ranking sixth in a new study. USA Today said the study by Appinions uses various sources to see which companies are influencing the others. Tesla is have some outsized influence, considering the five above it are General Motors, Ford, Chrysler, Toyota and Volkswagen. Behind it are Honda, BMW and others. The company has Arizona on a short list for a $5 billion battery factory. Click here to read more.
 
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    Business News from the Midwest - bizjournals.com

  • 20 to Know: Matt Cooper

    17 Apr 2014 | 9:05 pm
    Matt Cooper Matt Cooper Vice president, brokerage and retail | Equity Inc. How did you get into this profession? Growing up, my dad owned and managed some Ohio State University rental units, so I learned the rental side of the business early on. Graduating from the Fisher College of Business, I knew I wanted to pursue some type of real estate career and had a friend working as a construction project manager for a local development company. The friend suggested I come intern in the brokerage. I…
  • Obstacles cleared for apartments, GE at the Banks ... But where’s the hotel?

    Chris Wetterich
    17 Apr 2014 | 5:35 pm
    Now that Hamilton County and the Bengals have struck a deal to allow construction of nearly 300 apartments and a potential development of a General Electric office tower, attention is turning back to a missing piece of the development – a hotel. Tom Gabelman, a Frost Brown Todd attorney who has worked on the Banks project from its inception, said Thursday he believes there could be two hotels at the project – one in the vacant pad across from Great American Ballpark and another on the western…
  • Popular Milwaukee bus routes to get express service thanks to grants

    Sean Ryan
    17 Apr 2014 | 3:20 pm
    Milwaukee County’s transit system has received $22.6 million in state grants to buy 16 clean diesel buses and establish three express routes to serve major destinations, including the University of Wisconsin-Milwaukee campus. “It’s some of our more popular and more highly-traveled routes,” said Brendan Conway, spokesman for Milwaukee County Executive Chris Abele. The new express service will run in addition to the existing routes on three existing bus lines that cross through the center…
  • Associated Bank 1Q profit dips

    Alison Bauter
    17 Apr 2014 | 3:13 pm
    Associated Banc-Corp, the Green Bay-based parent company of Associated Bank, reported net income of $44 million, or 27 cents per share, for the first quarter ended March 31, compared with $47 million, or 28 cents per share, a year ago. The company said average loans grew $416 million, or 3 percent, from the fourth quarter, with a record $420 million growth in total commercial loan balances over three months. Net interest income of $165 million increased $7 million, or 5 percent, from the comparable…
  • WDM Architects designing plans to convert former school, church site in Derby into a $5.8M park

    Josh Heck
    17 Apr 2014 | 2:53 pm
    WDM Architects is working with the city of Derby on plans for a new park there. It will be called the Madison Avenue Central Park, and construction on the $5.8 million project is expected to start in early 2015. Located near Madison and North Westview Dr. in Derby, the park will offer a central meeting place for residents, a new event venue, a playground and a splash pad. Plans also call for an outside classroom, and a one-half mile path for hiking and biking. Dan Wilson, a partner and co-founder…
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    Bizjournals.com Northwest RSS Feed

  • UW Medicine, Hutch feel the pinch of federal cutbacks

    Valerie Bauman
    17 Apr 2014 | 3:00 pm
    With declining federal grants, private donations are more critical than ever for medical research, driving more institutions to look to their wealthy neighbors as potential benefactors. In Seattle, that is most evident in the ongoing effort by UW Medicine and the Fred Hutchinson Cancer Research Center to persuade this region’s wealthiest residents to make major commitments to cancer research. So far, the joint effort has raised $116 million, but in primarily smaller donations of $3 million or…
  • Of pizza, tacos and apartments on Seattle's Capitol Hill

    Marc Stiles
    17 Apr 2014 | 2:57 pm
    First the  Piecora's Pizza property sold. Now the site where Taco Time operated across the street has a new owner. Public records show the Taco Time property sold for $3.6 million. The new owner is a Seattle limited liability company named for the address of the property: 1420 E. Madison St. The LLC is affiliated with a company called Metropolitan Homes, said a real estate broker who worked on the deal. The LLC's registered agent, John Links of Seattle, could not immediately be reached. The…
  • As deal closes, Umpqua readies for $22 billion challenge

    Matthew Kish
    17 Apr 2014 | 2:46 pm
    The phone in Umpqua Bank CEO Ray Davis' office will ring 200 times this week. Each time, Davis will answer the phone and have a similar conversation. "Just making sure this phone works," the caller will say. "Yes," Davis will say. Each of the calls will come from a phone being installed at a Sterling Bank branch.  Umpqua's $2 billion acquisition of Spokane-based Sterling closes Friday. Per Umpqua custom, each of the now-Sterling branches will have a phone that dials directly to Davis' desk.  The…
  • Nike taps Gilt CEO for its board of directors

    Andy Giegerich
    17 Apr 2014 | 2:36 pm
    Nike has named an online retailing leader to its board of directors. Michelle Peluso has been appointed to the Board and will likely offer the e-tailing viewpoint she’s honed during her years as Gilt’s CEO. The site offers members access to “merchandise and experiences every day, at insider prices.” “Michelle’s leadership experience in marketing, branding, innovation, and digital media for global brands makes her an outstanding addition to our board,” said Nike’s Phil Knight. “We…
  • How former Blazer Brian Grant rescued Karl Malone in an Alaskan bar

    Andy Giegerich
    17 Apr 2014 | 2:29 pm
    I’ve closely watched the Portland Trail Blazers since the 1998-99 season. It was an important campaign in the team’s history. It was the year that Portland reached the Western Conference finals with a unit that included Rasheed Wallace, Arvydas Sabonis and Damon Stoudamire. There was also a remarkable lunch-pail player on that team named Brian Grant. Grant was the fan favorite during his tenure in Portland for his grind-it-out play (and early, for NBA players, adoption of dreadlocks). He was…
 
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    Business News from Southwest US - bizjournals.com

  • Investors want mega software deals in Houston and nationwide

    Molly Ryan
    17 Apr 2014 | 10:01 pm
    Every investor wants a piece of the software innovation pie, according to Mark McCaffrey, the global software leader and a technology partner at PricewaterhouseCoopers LLP. The first quarter venture capital numbers — tallied in the MoneyTree report from PwC and the National Venture Capital Association using data from Thomson Reuters — once again showed that software is where investors are putting the largest chunk of their money. Across the nation, 44 percent of the total first-quarter deals…
  • Arizona school voucher program remains unchanged after failed legislative vote

    17 Apr 2014 | 9:09 pm
    A planned expansion of the Arizona school voucher program didn't get enough support to pass through the House of Representatives. The Arizona Daily Star reported House Bill 2291 died after six Republicans voted against it. It would have allowed as many as 120,000 low-income students into the existing program. Such a move could have been a boon for various schools. Click here to read more.
  • F-35 cuts, drops in Raytheon, Boeing orders part of defense cut plan

    17 Apr 2014 | 9:09 pm
    Arizona could see some impact from planned defense cuts, including fewer F-35s entering service, less missiles built by Raytheon in Tucson, and fewer helicopter refurbishments by Boeing in Mesa. Bloomberg reported the government may cut 17 F-35s, a savings of $1.7 billion. Also on the potential chopping block are trimming the number of Amraam missiles made by Raytheon from 2,268 to 1,737. The U.S. Department of Defense would also scale back refurbishments of some AH-64 helicopters at Boeing in…
  • IRS raids Luxor Auto Group in Scotttsdale

    17 Apr 2014 | 9:08 pm
    Luxor Auto Group in Scottsdale was raided by Internal Revenue Service agents on Wednesday, but no one is commenting on what they were looking for. KTAR.com and the Associated press said the group's offices were investigated and IRS agents along with Scottsdale police were seen carrying out boxes. Click here to read more.
  • Tesla growing in auto industry influence

    17 Apr 2014 | 9:08 pm
    Tesla Motors Inc. is growing in its influence in the auto industry, ranking sixth in a new study. USA Today said the study by Appinions uses various sources to see which companies are influencing the others. Tesla is have some outsized influence, considering the five above it are General Motors, Ford, Chrysler, Toyota and Volkswagen. Behind it are Honda, BMW and others. The company has Arizona on a short list for a $5 billion battery factory. Click here to read more.
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    Business News from the Northeast US - bizjournals

  • Forever Board owner goes back in time for wallboard

    David Bertola
    17 Apr 2014 | 9:15 pm
    When making the wallboard of the future, Ronald Voit ended up perfecting a formula that dates back to ancient Rome. Voit helped raise $2 million to launch Forever Board LLC, for which he is majority owner and CEO. He says his company’s new wallboard is flame retardant and, unlike gypsum based wallboards, about half as heavy. Contractors and developers, he said, want to learn more about Forever Board because they won’t breed mildew or black mold, which can be deadly for homeowners. Voit spent…
  • In slow start, D.C. region raises $217.5M in first-quarter venture

    Bill Flook
    17 Apr 2014 | 9:01 pm
    The exuberance of last year's  record D.C. region venture totals waned somewhat in the first three months of 2014, with 43 companies raising a collective $217.5 million, according to the MoneyTree report released Friday by PricewaterhouseCoopers and the National Venture Capital Association. The total represents an 18 percent drop compared with the same period last year, and a 31 percent fall from the fourth quarter of 2013. Leading the total so far this year was Appian Corp, a Reston-based…
  • Gov. Patrick nominates Ralph Gants to be chief justice of the SJC

    Mary Moore
    17 Apr 2014 | 8:51 pm
    Governor Deval Patrick today announced that he had nominated Justice Ralph Gants as Chief Justice of the Massachusetts Supreme Judicial Court to replace Chief Justice Roderick Ireland, who will retire in July. Patrick appointed Gants to the SJC in 2009. Gants has been co-chair of the Massachusetts Access to Justice Commission and chair of the SJC Standing Committee on Model Jury Instructions on Homicide, according to the governor's office. Gant worked on programs and ideas to improve the state…
  • Legislature is putting final touches on bill to address natural gas leaks

    Jon Chesto
    17 Apr 2014 | 8:46 pm
    Two years ago, the time ran out on the Legislature’s formal sessions before lawmakers could take decisive action on a gas-leaks bill. Something tells me they’re not going to let that happen this time around. The leaders on Beacon Hill received a potent reminder of the work to be done this week when an explosion from a gas leak in Dorchester injured a dozen people. The House and Senate have already passed their versions of the gas-leak legislation earlier this year, and House conferees were…
  • Local franchisee hopes to bring new fast-casual pizza chain to Boston

    Jon Chesto
    17 Apr 2014 | 8:40 pm
    Mitch Roberts believes Boston is hungry for a Chipotle-style pizza parlor. The assembly-line format popularized by the fast-casual Mexican chain is emerging in the pizza business, and Roberts wants a slice of it. That’s why Roberts and partner David Peterman signed a franchise agreement with Blaze Pizza last week to bring the Pasadena, Calif.-based chain into the Boston market. Roberts and Peterman are already seasoned restaurateurs: They currently run 34 Panera Bread locations through their…
 
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    Business News from Southeast US - bizjournals.com

  • $34 million project slated for Kings Bay

    Timothy Gibbons
    17 Apr 2014 | 6:25 pm
    An Alabama company will be doing $34.3 million worth of work at Naval Submarine Base Kings Bay over the next three years. Caddell Construction Co. Inc. of Montgomery, Ala., got the job under a previously awarded contract that selected five companies — including The Haskell Co. and Sauer Inc., both of Jacksonville — for construction work in northern Florida and southern Georgia. Three of the companies bid on the Kings Bay work, although it is not clear which ones. The job involves building…
  • Northrop Grumman dedicates $100M plant expansion, which will increase workforce

    Colleen Michele Jones
    17 Apr 2014 | 6:23 pm
    Northrop Grumman Corp.’s new 400,000-square-foot Aircraft Integration Center of Excellence in St. Augustine — which will eventually add 400 jobs and more than $100 million in capital investment — will be completed by next year. The center at the St. Augustine campus is one of five to be built in the nation, increasing the local defense contractor’s workforce to 1,400. “This is going to have a dramatic impact for 400 families in this region of Florida,” Gov. Rick Scott said during a…
  • New CertusBank CEO: 'We have to be judicious in how we spend money'

    Adam O'Daniel
    17 Apr 2014 | 5:58 pm
    New CEO John Poelker says fixing CertusBank will require cleaning up its troubled loan portfolio, bringing expenses and revenue into equilibrium and reminding employees and clients that the lender is financially stable — despite recent allegations of improper spending by its former management team.  And, for the record, he's not cleaning up the company for a quick sale.  "There has been no instruction from the board to clean up this baby so they can sell it. That's just not in the cards,"…
  • Virgin Hotels CEO doesn't see Nashville cooling off

    E.J. Boyer
    17 Apr 2014 | 2:59 pm
    Virgin Hotels CEO Raul Leal knows Nashville is hot — and he doesn’t think it’s going to cool down for a long time. “The city has experienced such explosive economic growth, and I believe it’s one of the strongest performing hotel markets,” he said. “We like the proposition of Nashville as a destination.” The hotel brand, an offshoot of the multi-billion dollar Virgin Group founded by British entrepreneur Sir Richard Branson, announced plans Thursday to open a Virgin Hotels property…
  • Winner winner, chicken dinner: See who took top awards at Taste of Winter Park

    Megan Ribbens
    17 Apr 2014 | 2:58 pm
    More than 40 restaurants in Central Florida’s foodie industry gathered April 16 for the 29th annual Taste of Winter Park event. The annual foodie fest served more than 1,300 attendees and gave local restaurants an opportunity to showcase their talent and offerings, as well as expand their reach to new customers. Fun fact: Yours truly was one of the six judges for the event. Seven of the region’s restaurants were recognized for their culinary concoctions: Best entrée: The Coop's chicken and…
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    Accounting News - Accounting News Headlines | Bizjournals.com

  • Investors want mega software deals in Houston and nationwide

    Molly Ryan
    17 Apr 2014 | 10:01 pm
    Every investor wants a piece of the software innovation pie, according to Mark McCaffrey, the global software leader and a technology partner at PricewaterhouseCoopers LLP. The first quarter venture capital numbers — tallied in the MoneyTree report from PwC and the National Venture Capital Association using data from Thomson Reuters — once again showed that software is where investors are putting the largest chunk of their money. Across the nation, 44 percent of the total first-quarter deals…
  • Forever Board owner goes back in time for wallboard

    David Bertola
    17 Apr 2014 | 9:15 pm
    When making the wallboard of the future, Ronald Voit ended up perfecting a formula that dates back to ancient Rome. Voit helped raise $2 million to launch Forever Board LLC, for which he is majority owner and CEO. He says his company’s new wallboard is flame retardant and, unlike gypsum based wallboards, about half as heavy. Contractors and developers, he said, want to learn more about Forever Board because they won’t breed mildew or black mold, which can be deadly for homeowners. Voit spent…
  • Arizona school voucher program remains unchanged after failed legislative vote

    17 Apr 2014 | 9:09 pm
    A planned expansion of the Arizona school voucher program didn't get enough support to pass through the House of Representatives. The Arizona Daily Star reported House Bill 2291 died after six Republicans voted against it. It would have allowed as many as 120,000 low-income students into the existing program. Such a move could have been a boon for various schools. Click here to read more.
  • F-35 cuts, drops in Raytheon, Boeing orders part of defense cut plan

    17 Apr 2014 | 9:09 pm
    Arizona could see some impact from planned defense cuts, including fewer F-35s entering service, less missiles built by Raytheon in Tucson, and fewer helicopter refurbishments by Boeing in Mesa. Bloomberg reported the government may cut 17 F-35s, a savings of $1.7 billion. Also on the potential chopping block are trimming the number of Amraam missiles made by Raytheon from 2,268 to 1,737. The U.S. Department of Defense would also scale back refurbishments of some AH-64 helicopters at Boeing in…
  • Tesla growing in auto industry influence

    17 Apr 2014 | 9:08 pm
    Tesla Motors Inc. is growing in its influence in the auto industry, ranking sixth in a new study. USA Today said the study by Appinions uses various sources to see which companies are influencing the others. Tesla is have some outsized influence, considering the five above it are General Motors, Ford, Chrysler, Toyota and Volkswagen. Behind it are Honda, BMW and others. The company has Arizona on a short list for a $5 billion battery factory. Click here to read more.
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    Agriculture News - Agriculture News Headlines | Bizjournals.com

  • Investors want mega software deals in Houston and nationwide

    Molly Ryan
    17 Apr 2014 | 10:01 pm
    Every investor wants a piece of the software innovation pie, according to Mark McCaffrey, the global software leader and a technology partner at PricewaterhouseCoopers LLP. The first quarter venture capital numbers — tallied in the MoneyTree report from PwC and the National Venture Capital Association using data from Thomson Reuters — once again showed that software is where investors are putting the largest chunk of their money. Across the nation, 44 percent of the total first-quarter deals…
  • Forever Board owner goes back in time for wallboard

    David Bertola
    17 Apr 2014 | 9:15 pm
    When making the wallboard of the future, Ronald Voit ended up perfecting a formula that dates back to ancient Rome. Voit helped raise $2 million to launch Forever Board LLC, for which he is majority owner and CEO. He says his company’s new wallboard is flame retardant and, unlike gypsum based wallboards, about half as heavy. Contractors and developers, he said, want to learn more about Forever Board because they won’t breed mildew or black mold, which can be deadly for homeowners. Voit spent…
  • Arizona school voucher program remains unchanged after failed legislative vote

    17 Apr 2014 | 9:09 pm
    A planned expansion of the Arizona school voucher program didn't get enough support to pass through the House of Representatives. The Arizona Daily Star reported House Bill 2291 died after six Republicans voted against it. It would have allowed as many as 120,000 low-income students into the existing program. Such a move could have been a boon for various schools. Click here to read more.
  • F-35 cuts, drops in Raytheon, Boeing orders part of defense cut plan

    17 Apr 2014 | 9:09 pm
    Arizona could see some impact from planned defense cuts, including fewer F-35s entering service, less missiles built by Raytheon in Tucson, and fewer helicopter refurbishments by Boeing in Mesa. Bloomberg reported the government may cut 17 F-35s, a savings of $1.7 billion. Also on the potential chopping block are trimming the number of Amraam missiles made by Raytheon from 2,268 to 1,737. The U.S. Department of Defense would also scale back refurbishments of some AH-64 helicopters at Boeing in…
  • Tesla growing in auto industry influence

    17 Apr 2014 | 9:08 pm
    Tesla Motors Inc. is growing in its influence in the auto industry, ranking sixth in a new study. USA Today said the study by Appinions uses various sources to see which companies are influencing the others. Tesla is have some outsized influence, considering the five above it are General Motors, Ford, Chrysler, Toyota and Volkswagen. Behind it are Honda, BMW and others. The company has Arizona on a short list for a $5 billion battery factory. Click here to read more.
 
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    Banking & Financial News - Banking & Financial News Headlines | Bizjournals.com

  • Investors want mega software deals in Houston and nationwide

    Molly Ryan
    17 Apr 2014 | 10:01 pm
    Every investor wants a piece of the software innovation pie, according to Mark McCaffrey, the global software leader and a technology partner at PricewaterhouseCoopers LLP. The first quarter venture capital numbers — tallied in the MoneyTree report from PwC and the National Venture Capital Association using data from Thomson Reuters — once again showed that software is where investors are putting the largest chunk of their money. Across the nation, 44 percent of the total first-quarter deals…
  • Colorado VC activity picks up steam in first quarter

    Heather Draper
    17 Apr 2014 | 9:05 pm
    Colorado started the year off right in terms of venture capital activity. VC activity in the state was up 64 percent in the first quarter — in terms of dollars invested — from the same quarter of 2013, led by the $50.1 million dollar expansion stage funding of Greenwood Village-based Cool Planet Energy Systems Inc., according to a report released late Thursday. Colorado recorded 22 VC deals valued at $112. 5 million in the first quarter, said The MoneyTree Report by PricewaterhouseCoopers and…
  • New CertusBank CEO: 'We have to be judicious in how we spend money'

    Adam O'Daniel
    17 Apr 2014 | 5:58 pm
    New CEO John Poelker says fixing CertusBank will require cleaning up its troubled loan portfolio, bringing expenses and revenue into equilibrium and reminding employees and clients that the lender is financially stable — despite recent allegations of improper spending by its former management team.  And, for the record, he's not cleaning up the company for a quick sale.  "There has been no instruction from the board to clean up this baby so they can sell it. That's just not in the cards,"…
  • Matt Miller promoted to head western region of BMO Private Bank

    Angela Gonzales
    17 Apr 2014 | 3:49 pm
    Matt Miller has been promoted to western region president of BMO Private Bank. He replaces Steve Matteucci, who has taken a national role with BMO, the eight largest bank in North America by assets. Miller now oversees about 75 employees in Arizona, Utah and Washington. He is responsible for the development and delivery of wealth management services for high-net-worth individuals, family-owned businesses, endowments and foundations throughout the western U.S. He was promoted from managing director…
  • Big day for PPG Industries — record financials, annual meeting and stock price zooms

    Patty Tascarella
    17 Apr 2014 | 3:42 pm
    PPG Industries Inc. stock hit $200 per share during Thursday trading.  It was a big day for the Pittsburgh-based company, which reported record first quarter net sales and net income and increased its common share dividend by 6 cents to 67 cents per share to the delight of shareholders at the annual meeting. “Our focus this year remains on growing the company,” Chairman and CEO Charles Bunch told shareholders at the meeting, held at the Fairmont Hotel in downtown Pittsburgh. “To help drive…
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    Bankruptcy News - Bankruptcy News Headlines | Bizjournals.com

  • Investors want mega software deals in Houston and nationwide

    Molly Ryan
    17 Apr 2014 | 10:01 pm
    Every investor wants a piece of the software innovation pie, according to Mark McCaffrey, the global software leader and a technology partner at PricewaterhouseCoopers LLP. The first quarter venture capital numbers — tallied in the MoneyTree report from PwC and the National Venture Capital Association using data from Thomson Reuters — once again showed that software is where investors are putting the largest chunk of their money. Across the nation, 44 percent of the total first-quarter deals…
  • Forever Board owner goes back in time for wallboard

    David Bertola
    17 Apr 2014 | 9:15 pm
    When making the wallboard of the future, Ronald Voit ended up perfecting a formula that dates back to ancient Rome. Voit helped raise $2 million to launch Forever Board LLC, for which he is majority owner and CEO. He says his company’s new wallboard is flame retardant and, unlike gypsum based wallboards, about half as heavy. Contractors and developers, he said, want to learn more about Forever Board because they won’t breed mildew or black mold, which can be deadly for homeowners. Voit spent…
  • Arizona school voucher program remains unchanged after failed legislative vote

    17 Apr 2014 | 9:09 pm
    A planned expansion of the Arizona school voucher program didn't get enough support to pass through the House of Representatives. The Arizona Daily Star reported House Bill 2291 died after six Republicans voted against it. It would have allowed as many as 120,000 low-income students into the existing program. Such a move could have been a boon for various schools. Click here to read more.
  • F-35 cuts, drops in Raytheon, Boeing orders part of defense cut plan

    17 Apr 2014 | 9:09 pm
    Arizona could see some impact from planned defense cuts, including fewer F-35s entering service, less missiles built by Raytheon in Tucson, and fewer helicopter refurbishments by Boeing in Mesa. Bloomberg reported the government may cut 17 F-35s, a savings of $1.7 billion. Also on the potential chopping block are trimming the number of Amraam missiles made by Raytheon from 2,268 to 1,737. The U.S. Department of Defense would also scale back refurbishments of some AH-64 helicopters at Boeing in…
  • Tesla growing in auto industry influence

    17 Apr 2014 | 9:08 pm
    Tesla Motors Inc. is growing in its influence in the auto industry, ranking sixth in a new study. USA Today said the study by Appinions uses various sources to see which companies are influencing the others. Tesla is have some outsized influence, considering the five above it are General Motors, Ford, Chrysler, Toyota and Volkswagen. Behind it are Honda, BMW and others. The company has Arizona on a short list for a $5 billion battery factory. Click here to read more.
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    Commercial Real Estate Industry News Headlines | Bizjournals.com

  • 20 to Know: Matt Cooper

    17 Apr 2014 | 9:05 pm
    Matt Cooper Matt Cooper Vice president, brokerage and retail | Equity Inc. How did you get into this profession? Growing up, my dad owned and managed some Ohio State University rental units, so I learned the rental side of the business early on. Graduating from the Fisher College of Business, I knew I wanted to pursue some type of real estate career and had a friend working as a construction project manager for a local development company. The friend suggested I come intern in the brokerage. I…
  • Local franchisee hopes to bring new fast-casual pizza chain to Boston

    Jon Chesto
    17 Apr 2014 | 8:40 pm
    Mitch Roberts believes Boston is hungry for a Chipotle-style pizza parlor. The assembly-line format popularized by the fast-casual Mexican chain is emerging in the pizza business, and Roberts wants a slice of it. That’s why Roberts and partner David Peterman signed a franchise agreement with Blaze Pizza last week to bring the Pasadena, Calif.-based chain into the Boston market. Roberts and Peterman are already seasoned restaurateurs: They currently run 34 Panera Bread locations through their…
  • Hawaii, others reach deal to preserve 666 acres at Turtle Bay Resort

    Duane Shimogawa
    17 Apr 2014 | 5:46 pm
    A $48.5 million deal has been reached to establish a conservation easement on about 666 acres of land at Turtle Bay Resort on Oahu’s North Shore, saving portions of this land from future development forever, Hawaii state officials said Thursday. Gov. Neil Abercrombie and others, including leaders from the City and County of Honolulu, The Trust for Public Land and the Turtle Bay Resort, made the announcement at the state Capitol in Honolulu on Thursday. “As I said in my State of the State Address…
  • A 1st look inside Bandera's Preston Center office building

    Candace Carlisle
    17 Apr 2014 | 5:16 pm
    One of Preston Center's most anticipated new office buildings is readying vertical construction in the next few weeks after Energy Transfer Partners leased the remainder of the building. Dallas-based Bandera Ventures' office building at 8111 Westchester Drive near Sherry Lane is 100 percent leased to two tenants -- Energy Transfer Partners and Chief Oil & Gas -- both of which are anxious to move into the Class AA building, Don Powell, principal of Dallas-based BOKA Powell and lead architect on…
  • Canadian companies continue Denver office plays

    Dennis Huspeni
    17 Apr 2014 | 3:22 pm
    Canadian real estate companies are loving downtown Denver office buildings. MDC Realty Advisors USA Inc. and Canadian Artis Real Estate Investment Trust (REIT) teamed up to buy Hudson’s Bay Centre, a 172,912-square-foot office building at 1600 Stout Street for $41.5 million. MDC is a subsidiary of MDC Property Services Ltd. of Canada. It’s affiliated with Hannay Realty Advisors. The building, built in 1982, was sold by Hamilton-Titan Partners LLC, doing business as HTD-HUDSON BAY LLC, according…
 
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    Economic Snapshot News - Economic Snapshot News Headlines | Bizjournals.com

  • Investors want mega software deals in Houston and nationwide

    Molly Ryan
    17 Apr 2014 | 10:01 pm
    Every investor wants a piece of the software innovation pie, according to Mark McCaffrey, the global software leader and a technology partner at PricewaterhouseCoopers LLP. The first quarter venture capital numbers — tallied in the MoneyTree report from PwC and the National Venture Capital Association using data from Thomson Reuters — once again showed that software is where investors are putting the largest chunk of their money. Across the nation, 44 percent of the total first-quarter deals…
  • Forever Board owner goes back in time for wallboard

    David Bertola
    17 Apr 2014 | 9:15 pm
    When making the wallboard of the future, Ronald Voit ended up perfecting a formula that dates back to ancient Rome. Voit helped raise $2 million to launch Forever Board LLC, for which he is majority owner and CEO. He says his company’s new wallboard is flame retardant and, unlike gypsum based wallboards, about half as heavy. Contractors and developers, he said, want to learn more about Forever Board because they won’t breed mildew or black mold, which can be deadly for homeowners. Voit spent…
  • Arizona school voucher program remains unchanged after failed legislative vote

    17 Apr 2014 | 9:09 pm
    A planned expansion of the Arizona school voucher program didn't get enough support to pass through the House of Representatives. The Arizona Daily Star reported House Bill 2291 died after six Republicans voted against it. It would have allowed as many as 120,000 low-income students into the existing program. Such a move could have been a boon for various schools. Click here to read more.
  • F-35 cuts, drops in Raytheon, Boeing orders part of defense cut plan

    17 Apr 2014 | 9:09 pm
    Arizona could see some impact from planned defense cuts, including fewer F-35s entering service, less missiles built by Raytheon in Tucson, and fewer helicopter refurbishments by Boeing in Mesa. Bloomberg reported the government may cut 17 F-35s, a savings of $1.7 billion. Also on the potential chopping block are trimming the number of Amraam missiles made by Raytheon from 2,268 to 1,737. The U.S. Department of Defense would also scale back refurbishments of some AH-64 helicopters at Boeing in…
  • Tesla growing in auto industry influence

    17 Apr 2014 | 9:08 pm
    Tesla Motors Inc. is growing in its influence in the auto industry, ranking sixth in a new study. USA Today said the study by Appinions uses various sources to see which companies are influencing the others. Tesla is have some outsized influence, considering the five above it are General Motors, Ford, Chrysler, Toyota and Volkswagen. Behind it are Honda, BMW and others. The company has Arizona on a short list for a $5 billion battery factory. Click here to read more.
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    Education News - Education News Headlines | Bizjournals.com

  • Harvard to break ground on first campus building named after a woman

    I-Chun Chen
    17 Apr 2014 | 4:50 pm
    Harvard University’s business school will break ground next week on the university’s first building named after a woman and its first named after a Chinese American. Harvard Business School plans the groundbreaking for its new $57 million executive education facility, the Ruth Mulan Chu Chao Center, on April 24 and expects to open the center in June 2016. The Chao Center will house meeting rooms, office and dining facilities, as well as classrooms, serving the more than 10,000 executives who…
  • Best Places to Work 2014

    James Dunn
    17 Apr 2014 | 3:18 pm
    Click on the slideshow to see this year's rankings of the Best Places to Work in the Bay Area. Companies are organized by size into five categories, from extra-large (XL) to extra-small (XS). This year we asked top executives from each company to share their glimpses of what makes their companies great places to work, what inspires fun, and what forms the core of their leadership philosophy. Looking for a great place to work? Check these out.
  • James Ballinger to retire after 40 years at the Phoenix Art Museum

    Tim Gallen
    17 Apr 2014 | 3:13 pm
    James Ballinger, director of the Phoenix Art Museum, announced his retirement this afternoon. Ballinger plans to retire after 33 years at the helm and nearly 40 years with the museum. He will remain in his role until his successor is named. The museum’s board of trustees will commence a nationwide search to find the museum’s next director. “Jim Ballinger is a visionary and nationally respected arts advocate who has guided the Phoenix Art Museum’s physical growth and extensive reach as…
  • UT psychology professor honored at the White House

    Eva Lorraine Molina
    17 Apr 2014 | 3:10 pm
    Jonathan Pillow, a professor of psychology and neurobiology at the University of Texas at Austin, has received the Presidential Early Career Award for Scientists and Engineers. It's the highest honor a young scientist and engineer can receive from the United States government. 102 researchers received the award in a ceremony April 14 presided over by John Holdren, director of the Office of Science and Technology policy and assistant to the president for science and technology. The winners were…
  • High school musicals win big at TUTS' annual Tommy Tune Awards

    Giselle Greenwood
    17 Apr 2014 | 3:05 pm
    For the past 12 years, Theatre Under the Stars has held its Tommy Tune Awards, an award ceremony that recognizes the top musical performances of Houston-area high schools. I've heard it's gotten better and better every year. In fact, I'm told these high school students' performances are on par with the professional performances in some cases. Developed by TUTS, the Tommy Tune Awards evaluated 44 participating Houston-area high school productions during the 2013-14 school year. This year's ceremony…
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    Energy & the Environment News - Energy News Headlines | Bizjournals.com

  • Colorado VC activity picks up steam in first quarter

    Heather Draper
    17 Apr 2014 | 9:05 pm
    Colorado started the year off right in terms of venture capital activity. VC activity in the state was up 64 percent in the first quarter — in terms of dollars invested — from the same quarter of 2013, led by the $50.1 million dollar expansion stage funding of Greenwood Village-based Cool Planet Energy Systems Inc., according to a report released late Thursday. Colorado recorded 22 VC deals valued at $112. 5 million in the first quarter, said The MoneyTree Report by PricewaterhouseCoopers and…
  • Legislature is putting final touches on bill to address natural gas leaks

    Jon Chesto
    17 Apr 2014 | 8:46 pm
    Two years ago, the time ran out on the Legislature’s formal sessions before lawmakers could take decisive action on a gas-leaks bill. Something tells me they’re not going to let that happen this time around. The leaders on Beacon Hill received a potent reminder of the work to be done this week when an explosion from a gas leak in Dorchester injured a dozen people. The House and Senate have already passed their versions of the gas-leak legislation earlier this year, and House conferees were…
  • New KBR CEO set to take over in June

    Jordan Blum
    17 Apr 2014 | 2:39 pm
    Stuart Bradie is set to take over as the new president and CEO of Houston-based KBR Inc. (NYSE: KBR) on June 2. Bradie, who was the group managing director of WorleyParsons, will replace Bill Utt,  who announced his plans to retire in December. Bradie also is expected to be appointed as a member of KBR's board of directors once he takes over as CEO. In his role at WorleyParsons, he led the global operations, project delivery and assurance. He was previously managing director responsible…
  • Young business completes $1 million round in funding

    Lauren Hertzler
    17 Apr 2014 | 2:30 pm
    Thanks to Robin Hood Ventures, Investors’ Circle, and several other investors in the city, LUXTECH has officially completed a $1 million round of funding. The Navy Yard-based business produces next-generation light bulbs. The LED module it creates has a longer lifetime and lower energy consumption, among many other benefits, compared to well-known incandescent light sources or even compact fluorescent light bulbs. LUXTECH’s clients are typically lighting fixture manufacturers. The company,…
  • Kinder Morgan says it’s racked up commitments for Eagle Ford pipeline

    Sanford Nowlin
    17 Apr 2014 | 2:04 pm
    Pipeline giant Kinder Morgan Energy Partners says it’s secured long-term commitments for two-thirds of the 300,000 barrel-per-day capacity on its Kinder Morgan Crude and Condensate (KMCC) pipeline linking Eagle Ford Shale crude and condensate to the Houston Ship Channel. In a quarterly shareholder update, the Houston-based company also says its  planned investments related to the Eagle Ford now total $1 billion. In January, KMP put its $100 million Sweeny lateral into service, connecting the…
 
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    Green News - Green News Headlines | Bizjournals.com

  • Forever Board owner goes back in time for wallboard

    David Bertola
    17 Apr 2014 | 9:15 pm
    When making the wallboard of the future, Ronald Voit ended up perfecting a formula that dates back to ancient Rome. Voit helped raise $2 million to launch Forever Board LLC, for which he is majority owner and CEO. He says his company’s new wallboard is flame retardant and, unlike gypsum based wallboards, about half as heavy. Contractors and developers, he said, want to learn more about Forever Board because they won’t breed mildew or black mold, which can be deadly for homeowners. Voit spent…
  • Legislature is putting final touches on bill to address natural gas leaks

    Jon Chesto
    17 Apr 2014 | 8:46 pm
    Two years ago, the time ran out on the Legislature’s formal sessions before lawmakers could take decisive action on a gas-leaks bill. Something tells me they’re not going to let that happen this time around. The leaders on Beacon Hill received a potent reminder of the work to be done this week when an explosion from a gas leak in Dorchester injured a dozen people. The House and Senate have already passed their versions of the gas-leak legislation earlier this year, and House conferees were…
  • Hawaii, others reach deal to preserve 666 acres at Turtle Bay Resort

    Duane Shimogawa
    17 Apr 2014 | 5:46 pm
    A $48.5 million deal has been reached to establish a conservation easement on about 666 acres of land at Turtle Bay Resort on Oahu’s North Shore, saving portions of this land from future development forever, Hawaii state officials said Thursday. Gov. Neil Abercrombie and others, including leaders from the City and County of Honolulu, The Trust for Public Land and the Turtle Bay Resort, made the announcement at the state Capitol in Honolulu on Thursday. “As I said in my State of the State Address…
  • Popular Milwaukee bus routes to get express service thanks to grants

    Sean Ryan
    17 Apr 2014 | 3:20 pm
    Milwaukee County’s transit system has received $22.6 million in state grants to buy 16 clean diesel buses and establish three express routes to serve major destinations, including the University of Wisconsin-Milwaukee campus. “It’s some of our more popular and more highly-traveled routes,” said Brendan Conway, spokesman for Milwaukee County Executive Chris Abele. The new express service will run in addition to the existing routes on three existing bus lines that cross through the center…
  • Young business completes $1 million round in funding

    Lauren Hertzler
    17 Apr 2014 | 2:30 pm
    Thanks to Robin Hood Ventures, Investors’ Circle, and several other investors in the city, LUXTECH has officially completed a $1 million round of funding. The Navy Yard-based business produces next-generation light bulbs. The LED module it creates has a longer lifetime and lower energy consumption, among many other benefits, compared to well-known incandescent light sources or even compact fluorescent light bulbs. LUXTECH’s clients are typically lighting fixture manufacturers. The company,…
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    Health Care News - Health Care News Headlines | Bizjournals.com

  • Springfield officials don't see MGM's request for delay in casino approval as a setback

    By Peter Goonan
    17 Apr 2014 | 8:25 pm
    Kevin Kennedy, Springfield’s chief development officer, said Thursday that MGM Springfield, in seeking a delay in final state approval of its casino license, is not a setback for the city but rather a reflection of the uncertainty triggered by a legal challenge. Kennedy’s comments occurred after news that MGM, proposing an $800 million casino project in the South End, formally asked the Massachusetts Gaming Commission in a letter dated April 16, to not grant the license pending some resolution…
  • Obamacare reaches 8 million enrollees with a big assist from Maryland

    Tina Reed
    17 Apr 2014 | 8:00 pm
    Sign-ups under the Affordable Care Act have surpassed 8 million — or 1 million more than original projections, President Barack Obama announced Thursday during a briefing at the White House. Crediting a surge of sign-ups that came during the two weeks after the open enrollment period was set to end on March 31, Obama said: “This thing is working.” He can, in part, thank folks from Maryland. Maryland’s beleaguered health marketplace also picked up steam in early April. In sum, 65,186…
  • Why Hawaii employers should pay attention to caregiver stress

    Jenna Blakely
    17 Apr 2014 | 6:01 pm
    Barbara Kim Stanton, Hawaii state director of AARP, says that employers should have more discussions on ways to support employees who are taking on family caregiver roles. There are about 247,000 estimated caregivers in Hawaii providing about $2 billion in unpaid care per year. Hawaii’s rapidly aging population is being met by a shrinking pool of caregivers and rising costs of long-term care, which is placing more emphasis on helping Hawaii’s elderly live independently. But that places more…
  • GUEST COLUMN: Estate tax reform an encouraging sign

    Christina Arthurs
    17 Apr 2014 | 5:30 pm
    They say the only two certainties in life are death and taxes. The good news for New York residents: The former may be inevitable but the latter just got cheaper. Part of the $140 billion state budget that was passed March 31 included much-needed reform to New York’s estate tax laws. Most notably, the exemption was immediately doubled from $1 million to $2 million and will increase incrementally, eventually reaching $5.25 million by 2017. On Jan. 1, 2019, the exemption will rise to whatever the…
  • Waianae Coast Comprehensive Health Center gets $2M for $12.2M Emergency Department

    Jenna Blakely
    17 Apr 2014 | 4:42 pm
    The Waianae Coast Comprehensive Health Center recently secured $2 million in capital improvement funds from the state of Hawaii to cover the costs of building a new $12.2 million two-story, 22,000-square-foot Emergency Medical Services Building. That building will replace its existing emergency department, which is nearly 40 years old. Once complete, it will expand the department's capacity by eight rooms to 15 total rooms. “The 37-year-old Emergency Medical Services Building is no longer adequate…
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    Human Resources News - Human Resources News Headlines | Bizjournals.com

  • Arizona school voucher program remains unchanged after failed legislative vote

    17 Apr 2014 | 9:09 pm
    A planned expansion of the Arizona school voucher program didn't get enough support to pass through the House of Representatives. The Arizona Daily Star reported House Bill 2291 died after six Republicans voted against it. It would have allowed as many as 120,000 low-income students into the existing program. Such a move could have been a boon for various schools. Click here to read more.
  • F-35 cuts, drops in Raytheon, Boeing orders part of defense cut plan

    17 Apr 2014 | 9:09 pm
    Arizona could see some impact from planned defense cuts, including fewer F-35s entering service, less missiles built by Raytheon in Tucson, and fewer helicopter refurbishments by Boeing in Mesa. Bloomberg reported the government may cut 17 F-35s, a savings of $1.7 billion. Also on the potential chopping block are trimming the number of Amraam missiles made by Raytheon from 2,268 to 1,737. The U.S. Department of Defense would also scale back refurbishments of some AH-64 helicopters at Boeing in…
  • Tesla growing in auto industry influence

    17 Apr 2014 | 9:08 pm
    Tesla Motors Inc. is growing in its influence in the auto industry, ranking sixth in a new study. USA Today said the study by Appinions uses various sources to see which companies are influencing the others. Tesla is have some outsized influence, considering the five above it are General Motors, Ford, Chrysler, Toyota and Volkswagen. Behind it are Honda, BMW and others. The company has Arizona on a short list for a $5 billion battery factory. Click here to read more.
  • Why Hawaii employers should pay attention to caregiver stress

    Jenna Blakely
    17 Apr 2014 | 6:01 pm
    Barbara Kim Stanton, Hawaii state director of AARP, says that employers should have more discussions on ways to support employees who are taking on family caregiver roles. There are about 247,000 estimated caregivers in Hawaii providing about $2 billion in unpaid care per year. Hawaii’s rapidly aging population is being met by a shrinking pool of caregivers and rising costs of long-term care, which is placing more emphasis on helping Hawaii’s elderly live independently. But that places more…
  • Wage pressure: When lower unemployment becomes a problem

    Korri Kezar
    17 Apr 2014 | 5:16 pm
    Texas’ lowering unemployment rate may actually pose problems for companies looking to fill positions. As fewer Americans find themselves jobless, companies are having a harder time finding candidates. As a result, employers are having to raise wages and compensation, increase hours and recruit from other regions to get the staffing they need. “We are beginning to see some movement in term of salaries and difficulty to find the right people,” HKS Architects chairman Ralph Hawkins said. “Demand…
 
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    Insurance News - Insurance News Headlines | Bizjournals.com

  • Obamacare reaches 8 million enrollees with a big assist from Maryland

    Tina Reed
    17 Apr 2014 | 8:00 pm
    Sign-ups under the Affordable Care Act have surpassed 8 million — or 1 million more than original projections, President Barack Obama announced Thursday during a briefing at the White House. Crediting a surge of sign-ups that came during the two weeks after the open enrollment period was set to end on March 31, Obama said: “This thing is working.” He can, in part, thank folks from Maryland. Maryland’s beleaguered health marketplace also picked up steam in early April. In sum, 65,186…
  • Best Places to Work 2014

    James Dunn
    17 Apr 2014 | 3:18 pm
    Click on the slideshow to see this year's rankings of the Best Places to Work in the Bay Area. Companies are organized by size into five categories, from extra-large (XL) to extra-small (XS). This year we asked top executives from each company to share their glimpses of what makes their companies great places to work, what inspires fun, and what forms the core of their leadership philosophy. Looking for a great place to work? Check these out.
  • Affordable Care Act sign-ups reach 8 million, Obama says

    Tina Reed
    17 Apr 2014 | 2:53 pm
    Better late than never?  Sign-ups under the Affordable Care Act have surpassed 8 million — or 1 million more than original projections, President Barack Obama announced during a briefing at the White House Thursday afternoon. Crediting a surge of sign-ups that came during the two weeks after the open enrollment period was set to end on March 31, Obama said: “This thing is working.” He can, in part, thank folks from the nation's capital and Maryland. D.C.'s health insurance exchange reported…
  • Insurance brokers from around the globe in Denver next week

    Heather Draper
    17 Apr 2014 | 2:50 pm
    Global climate change, the world economy and corporate risk management will be among the topics that insurance brokers from all over the world will be discussing in Denver next week. The Worldwide Broker Network will bring from 200 to 250 independent insurance brokers from all corners of the globe to the Colorado Convention Center April 23-26. The WBN, based in San Mateo, Calif., is marking its 25th anniversary at the meeting. The nonprofit is the largest international network of independent insurance…
  • 8 million Obamacare enrollees give Obama something to brag about

    Kent Hoover
    17 Apr 2014 | 2:20 pm
    President Barack Obama had a nice round number to brag about at a surprise news conference Thursday afternoon: 8 million people signed up for private health insurance plans through Obamacare's exchanges. That's 1 million more than the Congressional Budget Office initially thought the exchanges would get in their first year, and 2 million more than the CBO's revised goal of 6 million. That revision was made after HealthCare.gov, the federal exchange, got off to a disastrous start in October. So…
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    Legal Services News - Legal Services News Headlines | Bizjournals.com

  • Gov. Patrick nominates Ralph Gants to be chief justice of the SJC

    Mary Moore
    17 Apr 2014 | 8:51 pm
    Governor Deval Patrick today announced that he had nominated Justice Ralph Gants as Chief Justice of the Massachusetts Supreme Judicial Court to replace Chief Justice Roderick Ireland, who will retire in July. Patrick appointed Gants to the SJC in 2009. Gants has been co-chair of the Massachusetts Access to Justice Commission and chair of the SJC Standing Committee on Model Jury Instructions on Homicide, according to the governor's office. Gant worked on programs and ideas to improve the state…
  • GUEST COLUMN: Estate tax reform an encouraging sign

    Christina Arthurs
    17 Apr 2014 | 5:30 pm
    They say the only two certainties in life are death and taxes. The good news for New York residents: The former may be inevitable but the latter just got cheaper. Part of the $140 billion state budget that was passed March 31 included much-needed reform to New York’s estate tax laws. Most notably, the exemption was immediately doubled from $1 million to $2 million and will increase incrementally, eventually reaching $5.25 million by 2017. On Jan. 1, 2019, the exemption will rise to whatever the…
  • Best Places to Work 2014

    James Dunn
    17 Apr 2014 | 3:18 pm
    Click on the slideshow to see this year's rankings of the Best Places to Work in the Bay Area. Companies are organized by size into five categories, from extra-large (XL) to extra-small (XS). This year we asked top executives from each company to share their glimpses of what makes their companies great places to work, what inspires fun, and what forms the core of their leadership philosophy. Looking for a great place to work? Check these out.
  • 'Like' Cheerios? You just signed away your right to sue General Mills

    Mark Reilly
    17 Apr 2014 | 1:39 pm
    Any of you who are thinking about suing General Mills Inc. in the near future: You might want to rethink that breakfast of Wheaties or Lucky Charms. Eating them could be legally binding. (Even reading this story could be dangerous.) That's because the Minnesota-based company, which has been peppered with consumer lawsuits over the past couple of years, has  just changed its privacy terms on its website to say that consumers who download coupons, join in its online social-media communities — or…
  • Attorney: Superior execs suffered largest individual losses from failure

    Antrenise Cole
    17 Apr 2014 | 1:30 pm
    Former Superior Bank officers, including CEO C. Stanley Bailey, named in a lawsuit recently filed by the Federal Deposit Insurance Corp. are denying any wrongdoing and cite the economic conditions as the reason for the bank’s failure in 2011, according to a response from their attorney. As we previously reported, the FDIC seeks to recover at least $44 million in damages, claiming risky lending caused the bank to fail. Larry Childs, a partner at Waller Lansden Dortch & Davis LLP in Birmingham…
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    Logistics & Transportation News - Logistics & Transportation News Headlines | Bizjournals.com

  • Honolulu gives first look at rail segment casting yard: Slideshow

    Bill Cresenzo
    17 Apr 2014 | 5:44 pm
    The Honolulu Authority for Rapid Transportion gave the media a first look on Thursday at the 34-acre casting yard in Kalaeloa that contractor Kiewitt Infrastructure West Co. is using to make the segments that will connect the columns on Honolulu's $5.16 billion rail project. The 82 workers there spend each day in the hot Hawaii sun casting the concrete segments - 12 are made each day, and no two are alike. Lance Wilhelm, a senior vice president for Kiewttt who is overseeing the construction of…
  • Only ferry service from Maui to Lanai may add new $2.7M vessel, Hawaii regulators say

    Duane Shimogawa
    17 Apr 2014 | 5:25 pm
    Expeditions, which operates the lone ferry service from Maui to Lanai, received the green light from Hawaii regulators to build a new $2.7 million, 149-passenger vessel to accommodate current and future travel demand to and from the Pineapple Island. PBN first reported its plans late last year when Bill Caldwell, president of Hono Heke Corp., which does business as Expeditions, submitted an application to the Hawaii Public Utilities Commission asking it to allow the company to enter into a construction…
  • Popular Milwaukee bus routes to get express service thanks to grants

    Sean Ryan
    17 Apr 2014 | 3:20 pm
    Milwaukee County’s transit system has received $22.6 million in state grants to buy 16 clean diesel buses and establish three express routes to serve major destinations, including the University of Wisconsin-Milwaukee campus. “It’s some of our more popular and more highly-traveled routes,” said Brendan Conway, spokesman for Milwaukee County Executive Chris Abele. The new express service will run in addition to the existing routes on three existing bus lines that cross through the center…
  • Project Connect unveils north corridor area transit plan

    Robert Grattan
    17 Apr 2014 | 3:18 pm
    Project Connect's northern corridor team has completed its planning process and unveiled a transit plan intended to connect the cities and suburbs north of Austin. The plan uses a number of new bus transit services in the area stretching broadly north of Austin to include Round Rock, Georgetown and Pflugerville. The corridor is one of the Austin region's fastest growing segments, with more than half of the population of Williamson and Travis County expected to live in the area by 2035. When completed…
  • Best Places to Work 2014

    James Dunn
    17 Apr 2014 | 3:18 pm
    Click on the slideshow to see this year's rankings of the Best Places to Work in the Bay Area. Companies are organized by size into five categories, from extra-large (XL) to extra-small (XS). This year we asked top executives from each company to share their glimpses of what makes their companies great places to work, what inspires fun, and what forms the core of their leadership philosophy. Looking for a great place to work? Check these out.
 
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    Manufacturing News - Manufacturing News Headlines | Bizjournals.com

  • Forever Board owner goes back in time for wallboard

    David Bertola
    17 Apr 2014 | 9:15 pm
    When making the wallboard of the future, Ronald Voit ended up perfecting a formula that dates back to ancient Rome. Voit helped raise $2 million to launch Forever Board LLC, for which he is majority owner and CEO. He says his company’s new wallboard is flame retardant and, unlike gypsum based wallboards, about half as heavy. Contractors and developers, he said, want to learn more about Forever Board because they won’t breed mildew or black mold, which can be deadly for homeowners. Voit spent…
  • Northrop Grumman dedicates $100M plant expansion, which will increase workforce

    Colleen Michele Jones
    17 Apr 2014 | 6:23 pm
    Northrop Grumman Corp.’s new 400,000-square-foot Aircraft Integration Center of Excellence in St. Augustine — which will eventually add 400 jobs and more than $100 million in capital investment — will be completed by next year. The center at the St. Augustine campus is one of five to be built in the nation, increasing the local defense contractor’s workforce to 1,400. “This is going to have a dramatic impact for 400 families in this region of Florida,” Gov. Rick Scott said during a…
  • Big day for PPG Industries — record financials, annual meeting and stock price zooms

    Patty Tascarella
    17 Apr 2014 | 3:42 pm
    PPG Industries Inc. stock hit $200 per share during Thursday trading.  It was a big day for the Pittsburgh-based company, which reported record first quarter net sales and net income and increased its common share dividend by 6 cents to 67 cents per share to the delight of shareholders at the annual meeting. “Our focus this year remains on growing the company,” Chairman and CEO Charles Bunch told shareholders at the meeting, held at the Fairmont Hotel in downtown Pittsburgh. “To help drive…
  • Best Places to Work 2014

    James Dunn
    17 Apr 2014 | 3:18 pm
    Click on the slideshow to see this year's rankings of the Best Places to Work in the Bay Area. Companies are organized by size into five categories, from extra-large (XL) to extra-small (XS). This year we asked top executives from each company to share their glimpses of what makes their companies great places to work, what inspires fun, and what forms the core of their leadership philosophy. Looking for a great place to work? Check these out.
  • Blue Springs facility produces first Toyota vehicle for export

    Michael Sheffield
    17 Apr 2014 | 2:19 pm
    The first Mississippi-built Toyota Corolla for export rolled off the assembly line at Toyota’s Blue Springs plant today. Last summer, Toyota a nnounced the Blue Springs facility would begin manufacturing Corollas for the Central and South American markets, as well as the Caribbean. According to Toyota, more than 7,500 Corollas are expected to be exported to 18 countries in the region. The car manufacturer exported more than 130,000 vehicles from the U.S. in 2013, which is an all-time high. “The…
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    Media & Marketing News - Media & Marketing News Headlines | Bizjournals.com

  • Federal agents pull the plug on Boston radio station

    Jon Chesto
    17 Apr 2014 | 8:20 pm
    Federal agents can take Charles Clemons off the air. But they can’t take away his Internet connection. Clemons says agents representing the Federal Communications Commission raided Touch 106.1’s office in Dorchester’s Grove Hall section today, seized equipment and unplugged the station because it was broadcasting without an FCC license. But Touch 106.1’s Facebook page describes this as a temporary situation, and boasts that it is still continuing its programming and advertising via online…
  • Model Jourdan Dunn named the new face of Maybelline

    I-Chun Chen
    17 Apr 2014 | 4:42 pm
    Maybelline New York has hired British model Jourdan Dunn as the beauty label’s new spokesmodel, joining an elite group that includes Christy Turlington and Emily DiDonato. "Jourdan's look, style and positive energy are perfect for the Maybelline New York brand," Jerome Bruhat, Maybelline’s global brand president, said in a statement. "She truly reflects Maybelline's vision of global beauty." Jourdan’s first campaign with Maybelline will be fronting the company’s Go Extreme mascara, with…
  • Alexa Ray Joel partners with PromGirl on 'selfie' social media campaign

    I-Chun Chen
    17 Apr 2014 | 4:30 pm
    Singer-songwriter Alexa Ray Joel is partnering with PromGirl.com, an online retailer for prom and special occasion dresses, to launch a “selfie”-inspired social media campaign to benefit the United Nations Foundation's Girl Up program. As part of the #PromGirlUp campaign, which runs through May 16,  PromGirl.com is donating $1 to Girl Up for each “selfie” photo uploaded to Instagram, up to $10,000. Each person posting will also be entered to win a summer wardrobe from PromGirl.com. Joel,…
  • Journalists Katty Kay and Claire Shipman say there's a 'confidence gap.' Are women buying it?

    Gina Hall
    17 Apr 2014 | 3:33 pm
    The Internet is having a reaction to this month's issue of The Atlantic, specifically the cover story titled "The Confidence Gap," which offers up the theory that women lag far behind men in self-esteem.  ABC News reporter Claire Shipman and BBC World News America's Katty Kay wrote the piece, just in time to capitalize on the current conversation around Equal Pay Day. The article is based on research the authors did for their book "The Confidence Code: The Science of Self-Assurance — What Women…
  • Nike taps Gilt CEO for its board of directors

    Andy Giegerich
    17 Apr 2014 | 2:36 pm
    Nike has named an online retailing leader to its board of directors. Michelle Peluso has been appointed to the Board and will likely offer the e-tailing viewpoint she’s honed during her years as Gilt’s CEO. The site offers members access to “merchandise and experiences every day, at insider prices.” “Michelle’s leadership experience in marketing, branding, innovation, and digital media for global brands makes her an outstanding addition to our board,” said Nike’s Phil Knight. “We…
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    Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com

  • Why some Cape & Island rentals will cost you up to $25,000 per week (BBJ DataCenter)

    Craig Douglas
    17 Apr 2014 | 7:17 pm
    The summer rental season is in full swing in Massachusetts, which means homeowners on the Cape and Islands are waiting with bated breath to see if they have priced their properties right for vacationers. The early indication is that many owners — especially those at the highest end of the market — should feel pretty good about their chances. According to data provided by WeNeedaVacation.com, listing prices are up 3-to-4 percent in most markets, compared to a typical 2-to-2.5 percent increase in…
  • Wage pressure: When lower unemployment becomes a problem

    Korri Kezar
    17 Apr 2014 | 5:16 pm
    Texas’ lowering unemployment rate may actually pose problems for companies looking to fill positions. As fewer Americans find themselves jobless, companies are having a harder time finding candidates. As a result, employers are having to raise wages and compensation, increase hours and recruit from other regions to get the staffing they need. “We are beginning to see some movement in term of salaries and difficulty to find the right people,” HKS Architects chairman Ralph Hawkins said. “Demand…
  • A 1st look inside Bandera's Preston Center office building

    Candace Carlisle
    17 Apr 2014 | 5:16 pm
    One of Preston Center's most anticipated new office buildings is readying vertical construction in the next few weeks after Energy Transfer Partners leased the remainder of the building. Dallas-based Bandera Ventures' office building at 8111 Westchester Drive near Sherry Lane is 100 percent leased to two tenants -- Energy Transfer Partners and Chief Oil & Gas -- both of which are anxious to move into the Class AA building, Don Powell, principal of Dallas-based BOKA Powell and lead architect on…
  • Did I discover the secret sauce for building a wildly successful business?

    Jim Nortz
    17 Apr 2014 | 3:33 pm
    For many years now I’ve been on a quest. I’ve been looking for the “secret sauce” for building a wildly successful business. I’ve searched through stacks of books and research papers on the subject and supplemented my reading with interviews of executives from many different companies. I’m supposing that I have many miles to go on this journey before I’ll feel comfortable saying that I’ve discovered the compete secret sauce recipe, but I can report with confidence that I have found…
  • Project Connect unveils north corridor area transit plan

    Robert Grattan
    17 Apr 2014 | 3:18 pm
    Project Connect's northern corridor team has completed its planning process and unveiled a transit plan intended to connect the cities and suburbs north of Austin. The plan uses a number of new bus transit services in the area stretching broadly north of Austin to include Round Rock, Georgetown and Pflugerville. The corridor is one of the Austin region's fastest growing segments, with more than half of the population of Williamson and Travis County expected to live in the area by 2035. When completed…
 
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    Retailing & Restaurants News - Retailing & Restaurants News Headlines | Bizjournals.com

  • Local franchisee hopes to bring new fast-casual pizza chain to Boston

    Jon Chesto
    17 Apr 2014 | 8:40 pm
    Mitch Roberts believes Boston is hungry for a Chipotle-style pizza parlor. The assembly-line format popularized by the fast-casual Mexican chain is emerging in the pizza business, and Roberts wants a slice of it. That’s why Roberts and partner David Peterman signed a franchise agreement with Blaze Pizza last week to bring the Pasadena, Calif.-based chain into the Boston market. Roberts and Peterman are already seasoned restaurateurs: They currently run 34 Panera Bread locations through their…
  • University of Hawaii Athletics to launch new retail operation in July

    Duane Shimogawa
    17 Apr 2014 | 5:07 pm
    The University of Hawaii at Manoa Athletics Department expects to launch its new retail merchandising operation called “H-Zone” on July 1 with a new store in Honolulu and a website. The UH Board of Regents approved the terms of a lease agreement for the new store at their Thursday meeting. The 1,465-square-foot H-Zone store at the Ward Centre in Kakaako, located in the former Sedona location, will open July 1 at 10 a.m. Meantime, H-ZoneOnline.com, the new UH Athletics merchandise website,…
  • Zale sets date for vote on Signet acquisition

    Danielle Abril
    17 Apr 2014 | 5:05 pm
    Zale Corp. has set the date for a meeting at which stockholders could finalize the sale to Signet Jewelers Ltd. The Irving-based company is slated to host the meeting May 29 at its corporate headquarters. Bermuda-based Signet (NYSE: SIG), the largest specialty jeweler in the United States and United Kingdom, agreed to buy Zale (NYSE: ZLC) for about $690 million in February. The acquisition would add 1,660 retail locations in the U.S., Canada and Puerto Rico to its collection of more than 1,400…
  • Michaels Stores confirms data breach that could've affected 3M shoppers

    Danielle Abril
    17 Apr 2014 | 5:01 pm
    Michaels Stores Inc. confirmed that the company’s systems recently suffered a data breach that could impact 3 million customers. The announcement came after the company launched an investigation, with assistance from two independent security firms, several weeks ago. The breach affects both Michaels customers that shopped at stores between May 8, 2013 and Jan. 27 and Aaron Brothers customers that shopped between June 26, 2013 and Feb. 27. CEO Chuck Rubin released a letter to customers detailing…
  • Model Jourdan Dunn named the new face of Maybelline

    I-Chun Chen
    17 Apr 2014 | 4:42 pm
    Maybelline New York has hired British model Jourdan Dunn as the beauty label’s new spokesmodel, joining an elite group that includes Christy Turlington and Emily DiDonato. "Jourdan's look, style and positive energy are perfect for the Maybelline New York brand," Jerome Bruhat, Maybelline’s global brand president, said in a statement. "She truly reflects Maybelline's vision of global beauty." Jourdan’s first campaign with Maybelline will be fronting the company’s Go Extreme mascara, with…
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    Sports Business News - Sports Business News Headlines | Bizjournals.com

  • University of Hawaii Athletics to launch new retail operation in July

    Duane Shimogawa
    17 Apr 2014 | 5:07 pm
    The University of Hawaii at Manoa Athletics Department expects to launch its new retail merchandising operation called “H-Zone” on July 1 with a new store in Honolulu and a website. The UH Board of Regents approved the terms of a lease agreement for the new store at their Thursday meeting. The 1,465-square-foot H-Zone store at the Ward Centre in Kakaako, located in the former Sedona location, will open July 1 at 10 a.m. Meantime, H-ZoneOnline.com, the new UH Athletics merchandise website,…
  • Lorie Kane named golf ambassador for Canadian Pacific Women’s Open

    I-Chun Chen
    17 Apr 2014 | 3:59 pm
    LPGA Tour veteran Lorie Kane will represent Canadian Pacific railway on the LPGA Tour and as brand ambassador for the Canadian Pacific Women's Open. Canadian Pacific (NYSE; TSX: CP) said Kane will represent the company and the open over the course of the railroad's three-year partnership with Golf Canada as title sponsor of Canada's National Women's Open Championship. "I'm thrilled to be working with Lorie again," Canadian Pacific Chief Executive E. Hunter Harrison said in a statement. "Lorie has…
  • How former Blazer Brian Grant rescued Karl Malone in an Alaskan bar

    Andy Giegerich
    17 Apr 2014 | 2:29 pm
    I’ve closely watched the Portland Trail Blazers since the 1998-99 season. It was an important campaign in the team’s history. It was the year that Portland reached the Western Conference finals with a unit that included Rasheed Wallace, Arvydas Sabonis and Damon Stoudamire. There was also a remarkable lunch-pail player on that team named Brian Grant. Grant was the fan favorite during his tenure in Portland for his grind-it-out play (and early, for NBA players, adoption of dreadlocks). He was…
  • Is Frank Haith leaving Mizzou?

    Samantha Liss
    17 Apr 2014 | 2:20 pm
    This year’s men’s basketball season at Mizzou was anything but stellar. Now, multiple news outlets, including ESPN and CBS, are reporting that Tulsa is interested in recruiting Frank Haith to be its head basketball coach. Tulsa is willing to pay Faith more than $1 million,  according to CBS Sports. “Frank is looking for a way out of Missouri,” an anonymous source told CBSSports.com said. “This might be it.” At Mizzou, Haith currently earns a guaranteed $1.7 million salary. Haith,…
  • Spurs merchandise not a hot commodity despite team’s success

    W. Scott Bailey
    17 Apr 2014 | 2:01 pm
    One would think there would be a stronger demand for San Antonio Spurs merchandise, considering the team’s on-court success. Yet the NBA team with the best regular-season record and arguably the best shot at making a return trip to the Finals, ranks ninth in sales of jerseys, caps and other assorted items. Two teams that failed to make the playoffs — the Los Angeles Lakers and Boston Celtics — moved more merchandise this season. No Spurs player made the top 10 list for jersey sales. Tim…
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    Technology News - Technology News Headlines | Bizjournals.com

  • Investors want mega software deals in Houston and nationwide

    Molly Ryan
    17 Apr 2014 | 10:01 pm
    Every investor wants a piece of the software innovation pie, according to Mark McCaffrey, the global software leader and a technology partner at PricewaterhouseCoopers LLP. The first quarter venture capital numbers — tallied in the MoneyTree report from PwC and the National Venture Capital Association using data from Thomson Reuters — once again showed that software is where investors are putting the largest chunk of their money. Across the nation, 44 percent of the total first-quarter deals…
  • Colorado VC activity picks up steam in first quarter

    Heather Draper
    17 Apr 2014 | 9:05 pm
    Colorado started the year off right in terms of venture capital activity. VC activity in the state was up 64 percent in the first quarter — in terms of dollars invested — from the same quarter of 2013, led by the $50.1 million dollar expansion stage funding of Greenwood Village-based Cool Planet Energy Systems Inc., according to a report released late Thursday. Colorado recorded 22 VC deals valued at $112. 5 million in the first quarter, said The MoneyTree Report by PricewaterhouseCoopers and…
  • In slow start, D.C. region raises $217.5M in first-quarter venture

    Bill Flook
    17 Apr 2014 | 9:01 pm
    The exuberance of last year's  record D.C. region venture totals waned somewhat in the first three months of 2014, with 43 companies raising a collective $217.5 million, according to the MoneyTree report released Friday by PricewaterhouseCoopers and the National Venture Capital Association. The total represents an 18 percent drop compared with the same period last year, and a 31 percent fall from the fourth quarter of 2013. Leading the total so far this year was Appian Corp, a Reston-based…
  • Michaels latest store hit by credit card hack

    17 Apr 2014 | 8:33 pm
    Michaels Stores is the latest to report compromised data concerning credit and debit cards, with a potential 2.6 million cards affected by a security breach. USA Today reported the company, which has multiple locations in the Phoenix area, has seen limited reports of fraud in an attack and breach that began last year. Click her to read more.
  • Hawaii Venture Capital Association names new president

    Duane Shimogawa
    17 Apr 2014 | 5:14 pm
    Blue Startups Program Manager Meli James has been named president of the Hawaii Venture Capital Association, replacing Honolulu entrepreneur Bill Spencer, who retired earlier this year after 15 years at the head of the association. James, who has experience in the Internet and mobile application development areas, co-founded or contributed to numerous start-ups in the San Francisco Bay Area, including Nirvino, a top-rated wine app on the Apple platform. James will make her first appearance at a…
 
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    Travel Business News - Travel Business News Headlines | Bizjournals.com

  • Austin City Council extends moratorium on new pedicab permits

    Eva Lorraine Molina
    17 Apr 2014 | 3:13 pm
    Austin City Council has extended its moratorium on new pedicab permits until July 23. The moratorium was set to expire next week. The new deadline set at Thursday's Council session gives the city’s transportation department more time to finalize its recommendations on two outstanding questions over pedicab regulation.  The first question the city is considering is whether to limit the number of pedicabs in Austin, and if so, what the total number should be. The current cap is 500. The second…
  • Virgin Hotels CEO doesn't see Nashville cooling off

    E.J. Boyer
    17 Apr 2014 | 2:59 pm
    Virgin Hotels CEO Raul Leal knows Nashville is hot — and he doesn’t think it’s going to cool down for a long time. “The city has experienced such explosive economic growth, and I believe it’s one of the strongest performing hotel markets,” he said. “We like the proposition of Nashville as a destination.” The hotel brand, an offshoot of the multi-billion dollar Virgin Group founded by British entrepreneur Sir Richard Branson, announced plans Thursday to open a Virgin Hotels property…
  • Denver developers give glimpse of new downtown projects

    Dennis Huspeni
    17 Apr 2014 | 1:46 pm
    Three developers who are changing Denver’s skyline delivered details about their projects to a group of business officials Thursday morning. The three projects included an under-construction office building called Triangle Building by Chris Frampton, managing partner at East West Partners; a dual-branded Hyatt hotel tower by Matt Frankiewicz, senior director at White Lodging Services Corp.; and an apartment complex called the Platform at Union Station by Erik Hagevik, COO of Holland Partner Group. “All…
  • 'Pineapple express' bringing $70 million hotel to downtown Seattle

    Marc Stiles
    17 Apr 2014 | 1:44 pm
    Pineapple Hospitality Co. President Michelle Barnet said Thursday that she plans to develop a hotel tower at Second Avenue and Virginia Street. Early plans call for an approximately 200-room Hotel Clare, named for Barnet's mom, Diane Clare Foreman. The number of stories has not been finalized. "We will probably be out of the ground in early 2016," Barnet said. The project will take around two years to build and cost around $70 million, including the value of the land, she added. The announcement…
  • Anschutz's Xanterra buys Vermont walking-tour operator

    Ed Sealover
    17 Apr 2014 | 1:37 pm
    Xanterra Parks & Resorts Inc. continues the diversification of its portfolio, announcing Thursday that it has acquired CW Adventures, a walking-tour company based in Waterbury, Vt. Xanterra is a Greenwood Village company known mostly for operating lodging and commercial concessions at many of American’s most visited national parks. It is owned by Denver billionaire Philip Anschutz. The CW Adventures acquisition comes less than a year and a half after Xanterra bought VBT Bicycling and Walking…
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    Small Business RSS Feed

  • Best Places to Work 2014

    James Dunn
    17 Apr 2014 | 3:18 pm
    Click on the slideshow to see this year's rankings of the Best Places to Work in the Bay Area. Companies are organized by size into five categories, from extra-large (XL) to extra-small (XS). This year we asked top executives from each company to share their glimpses of what makes their companies great places to work, what inspires fun, and what forms the core of their leadership philosophy. Looking for a great place to work? Check these out.
  • University of Colorado-Colorado Springs wins Daniels Fund competition

    Caitlin Hendee
    17 Apr 2014 | 11:54 am
    A simple recommendation to fit the size and culture of the company was the approach taken by the University of Colorado-Colorado Springs to unseat last year’s Daniels Fund 2014 Ethics Consortium Case Competition champions. Colorado State University had won the competition in 2012, the first year Daniels Fund created the competition, and again last year. This year, a team of 10 undergraduate business students from UCCS nabbed first place. University of Utah came in second, and University of New…
  • Vyrx files for IPO to fund erectile-disfunction drug development

    Greg Avery
    17 Apr 2014 | 11:30 am
    Drug company Vyrx Pharmaceuticals Inc. seeks to raise $28.5 million with an initial public stock offering designed to fund development of its premature-ejaculation drug called Zertane. The Greenwood Village-based company filed to go public on the NYSE MKT exchange under ticker symbol VYRX. Vyrx is a wholly-owned subsidiary of Ampio Pharmaceuticals (NYSE MKT: AMPE), which itself raised $63 million in a March stock offering. Ampio’s primary drug is a treatment for osteoarthritis of the knee. No…
  • N.C. Family Business awards honor two Triad firms

    Matt Evans
    17 Apr 2014 | 11:28 am
    The Family Business of the Year awards  announced by Wake Forest University’s Family Business Center include two firms based in the Triad. Schiffman’s Jeweler’s, which is based in Greensboro and has been in business since 1893, was given the award in the century category. Schiffman’s is one of the oldest continually-run family businesses in the state, currently on its fourth generation of Schiffman leadership. K&W Cafeterias of Winston-Salem was honored in the large category. K&W was founded…
  • Manufacturing on the rise in region

    Natalie Kostelni
    17 Apr 2014 | 7:31 am
    The Philadelphia region’s manufacturing activity continues to be on the upswing, according to the Philadelphia Federal Reserve’s monthly Business Outlook Survey. Nearly all indicators — new orders, shipments and employment — increased from March, and companies continue to be optimistic about overall manufacturing activity for the next six months. Employment in the manufacturing sector was also positive. Twenty-seven percent of the firms that responded indicated they foresaw employment growth…
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    Albany Business News - Local Albany News | Business Review of Albany

  • At Pavilion Grand Hotel in downtown Saratoga, luxury for a price

    Michael DeMasi
    17 Apr 2014 | 12:03 pm
    The Pavilion Grand Hotel hasn't opened for business in downtown Saratoga Springs, NY, but already a couple hosting a "destination wedding" are planning to rent the entire venue -- all 48 suites -- for a weekend in June 2015. That may not be the typical booking for the boutique hotel being built at 30 Lake Ave., but it gives a sense for the lengths that some people will go, and pay, for a luxury experience in the city. "There's really nothing like this in the Northeast," said General Manager Susanne…
  • IPLogic will move its headquarters from Albany, NY to Rochester following merger

    Keshia Clukey
    17 Apr 2014 | 11:56 am
    Information and technology services firm, IPLogic Inc., will move its headquarters from Latham, NY to Rochester following its December merger with global IT services company CloudSmartz. The merger was a way for both companies to evolve, said Matthew Ray, IPLogic director of marketing and communication. "From hardware to cloud... The two companies come together with a pretty good marriage," Ray said. Ray said the companies will operate under the name CloudSmartz, but over the next few months…
  • Albany Law School dean to host rural legal summit

    Megan Rogers
    17 Apr 2014 | 11:18 am
    Albany Law School dean Penelope Andrews wants to match her recent graduates with lawyers in rural, upstate New York to help more students find jobs and provide more law services to underserved communities. The law school will host a rural legal summit on June 3 to explore a two-year, post-graduate fellowship model that would place Albany Law School graduates with lawyers in rural parts of the state. Andrews learned of a similar model, the South Dakota Project Rural Practice, when she chaired…
  • Google chairman and two educators named to NY Smart Schools commission

    Megan Rogers
    17 Apr 2014 | 11:02 am
    A former Google CEO and two educators will advise the state on how to use a proposed $2 billion bond to improve education via technology. Governor Andrew Cuomo announced today that Google's executive chairman and former CEO, Eric Schmidt, Harlem Children's Zone president and CEO Geoffrey Canada, and Auburn School District superintendent Constance Evelyn will be on the Smart Schools Commission. The $2 billion could be used to purchase classroom technology or bring high-speed broadband to school…
  • Albany, NY drug-development company continues evolution

    David Robinson
    17 Apr 2014 | 10:54 am
    Albany Molecular Research Inc. has been redefining itself as the drug-development company keeps looking for its next big money maker. Prior to 2013, the biotechnology firm based in Albany, NY, primarily lived off royalties for more than 15 years. The money came from AMRI creating the active ingredient used in the allergy medication Allegra. But the Allegra patent rights that translated into stable and significant revenue for AMRI began expiring last year, prompting some changes for the Capital…
 
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    Albuquerque Business News - Local Albuquerque News | Albuquerque Business First

  • NOVA Corp. expects to light up former Schott facility soon

    Dan Mayfield
    17 Apr 2014 | 1:49 pm
    The new NOVA Corp. data center will be more than just a data center. About one third of the 133,000-square-foot facility will be devoted to training people on how to access and use big data, as well as cyber security and networking, said John Snider, the CEO of NOVA Corp. on Thursday. The company announced Thursday morning that it will renovate the former Schott Solar building at Mesa del Sol into a Tier III data center. The company expects to have the center open and operating in five months,…
  • Tesla, GM pushing to zap battery costs, analysts say

    Dan Mayfield
    17 Apr 2014 | 1:14 pm
    Though everyone in New Mexico is watching Tesla Motors for its next move, the announcement that General Motors will spend $450 million on a battery plant for its new electric cars also has the automotive world buzzing. Tesla is planning to build a giant Gigafactory, and  New Mexico is in the running to be the home for the proposed plant. But, say analysts, GM’s interest in a new battery plant marks a significant change in attitude for the world’s largest automaker. “Tesla has shown that…
  • Regulation, skills gap killing NM manufacturing jobs, leaders say

    Dennis Domrzalski
    17 Apr 2014 | 12:53 pm
    New Mexico and the Albuquerque metropolitan area have been bleeding manufacturing jobs for more than a decade, and in recent months the job losses have accelerated at both the state and metro levels. In the 12 months that ended Feb. 28, the state’s manufacturing job base declined by 6.1 percent. In the four-county Albuquerque metro area, it fell by 5.7 percent, according to the U.S. Bureau of Labor Statistics. As of February’s end, New Mexico had 27,600 Manufacturing jobs, a 36 percent decline…
  • CenturyLink VP: NM geography good for data centers

    Dan Mayfield
    17 Apr 2014 | 11:56 am
    Data centers have become big business, and CenturyLink sees its Downtown center as the key to future growth. Though  NOVA Corp. announced on Thursday  that it’s building a new 133,000-square-foot data center, CenturyLink has had the state’s largest center, a 400,000-square-foot center, in Downtown since 2009. “We have had good success in New Mexico, and we have a strong presence in New Mexico,” said Jim Kozlowski, vice president of colocation business development for CenturyLink, in its…
  • Meet our final group of 40 Under Forty honorees for 2014

    Adriana Sanchez
    17 Apr 2014 | 11:50 am
    We’ve revealed our 40 Under Forty honorees all week long this week, sharing 10 names a day. Today, we’re revealing our fourth and final group of honorees for 2014. Click on the accompanying slideshow to see the fourth group of names on the list. Today’s slideshow picks up the list of honorees who are between 30 and 40, in alphabetical order. We revealed the names of our Under 30 honorees in our first group, and revealed our second group Tuesday and third group Wednesday. The 40 Under Forty…
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    Atlanta Business News - Local Atlanta News | Atlanta Business Chronicle

  • Vintage drops $2.3B bid for Aaron’s Inc.

    17 Apr 2014 | 1:50 pm
    Vintage Capital Management LLC has pulled its unsolicited $2.3 billion bid to take over Aaron’s Inc. The move comes just days after the Atlanta-based furniture, electronics and appliances rentals retailer sued Vintage claiming the company and its leaders “are trying to obtain control of Aaron’s through an illusory proposal to acquire the company in a transaction that they cannot finance, and which they have not properly disclosed in order to garner support for the election of their slate of…
  • Fidelity Southern Q1 profit dips to $6 million

    17 Apr 2014 | 1:27 pm
    Fidelity Southern Corp. (NYSE: LION) The Atlanta-based parent of Fidelity Bank and LionMark Insurance Co. reported its first quarter profit was down almost 7 percent. Net Income: $6.06 million, down 6.6% Earnings Per Share: 26 cents, down 21.2% Total Asset s: $2.55 billion, up 0.9% Total Deposits: $2.2 billion, up 6.9% Fidelity Chairman Jim Miller: “Our performance has proven sustainable and makes us optimistic about 2014. Our healthy and diverse loan revenue streams are serving us well, tempering…
  • Community & Southern completes first open-bank acquisition

    Phil W. Hudson
    17 Apr 2014 | 10:59 am
    Community & Southern Holdings Inc. completed its acquisition of Verity Capital Group Inc. Atlanta Business Chronicle reported in September 2013 the holding company of Atlanta-based Community & Southern Bank would acquire the holding company of Winder-based Verity Bank in a stock deal worth $27.3 million. As of June 30, Verity Bank had $170 million in assets, $114 million in loans and $144 million in deposits. Community & Southern Bank has 40 branches and more than $2.9 billion in assets.
  • Coca-Cola in deal with InterContinental Hotels

    Jacques Couret
    17 Apr 2014 | 10:40 am
    InterContinental Hotels Group picked The Coca-Cola Co. beverages for its more than 3,200 hotels. Financial terms to the multi-year agreement between the Atlanta companies were not disclosed. The U.S. beverage rollout is expected to be completed by the end of third quarter. IHG’s (NYSE: IHG) hotel brands include InterContinental Hotels & Resorts, Crowne Plaza Hotels & Resorts, Hotel Indigo hotels, Holiday Inn hotels, Holiday Inn Express hotels, Staybridge Suites hotels and Candlewood Suites hotels.…
  • Regents seeking bids to privatize student housing

    Dave Williams
    17 Apr 2014 | 9:18 am
    The University System of Georgia is moving ahead with a student housing privatization initiative the General Assembly approved last month. The system’s Board of Regents released a Request for Qualified Concessionaires (RFQC) Thursday seeking developers interested in buying existing student dorms and building new ones on nine campuses. “Our goal is to reduce the system’s financial obligations for existing student housing and new housing development while ensuring students have affordable,…
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    Austin Business News - Local Austin News | Austin Business Journal

  • Project Connect unveils north corridor area transit plan

    Robert Grattan
    17 Apr 2014 | 3:18 pm
    Project Connect's northern corridor team has completed its planning process and unveiled a transit plan intended to connect the cities and suburbs north of Austin. The plan uses a number of new bus transit services in the area stretching broadly north of Austin to include Round Rock, Georgetown and Pflugerville. The corridor is one of the Austin region's fastest growing segments, with more than half of the population of Williamson and Travis County expected to live in the area by 2035. When completed…
  • Austin City Council extends moratorium on new pedicab permits

    Eva Lorraine Molina
    17 Apr 2014 | 3:13 pm
    Austin City Council has extended its moratorium on new pedicab permits until July 23. The moratorium was set to expire next week. The new deadline set at Thursday's Council session gives the city’s transportation department more time to finalize its recommendations on two outstanding questions over pedicab regulation.  The first question the city is considering is whether to limit the number of pedicabs in Austin, and if so, what the total number should be. The current cap is 500. The second…
  • UT psychology professor honored at the White House

    Eva Lorraine Molina
    17 Apr 2014 | 3:10 pm
    Jonathan Pillow, a professor of psychology and neurobiology at the University of Texas at Austin, has received the Presidential Early Career Award for Scientists and Engineers. It's the highest honor a young scientist and engineer can receive from the United States government. 102 researchers received the award in a ceremony April 14 presided over by John Holdren, director of the Office of Science and Technology policy and assistant to the president for science and technology. The winners were…
  • Seton unveils teaching hospital name

    Chad Swiatecki
    17 Apr 2014 | 12:33 pm
    Seton Healthcare Family’s new teaching hospital at the University of Texas’ Dell Medical School complex will be known as Seton Medical Center at The University of Texas.  Hospital system officials unveiled the name Thursday ahead of a ceremony Monday to mark the start of construction of the medical school. Construction on the new $295 million hospital, which will replace University Medical Center Brackenridge, is slated to begin later this year with an opening slated for 2017. Seton will own…
  • Houston developer to debut 600-acre community near Liberty Hill

    Jan Buchholz
    17 Apr 2014 | 12:24 pm
    The Lookout Group has had a fondness for many years developing residential real estate projects in the far northwestern fringes of Austin. That focus isn’t about to change. The Houston-based master-planned community developer will unveil its next major project in May at Clearwater Ranch near Liberty Hill, just north of Leander in Williamson County. The Lookout Group also developed Crystal Falls in Leander, which is largely build-out and was profiled in a previous Austin Business Journal story. “We…
 
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    Baltimore Business News - Local Baltimore News | Baltimore Business Journal

  • Obamacare reaches 8 million enrollees with a big assist from Maryland

    Tina Reed
    17 Apr 2014 | 8:00 pm
    Sign-ups under the Affordable Care Act have surpassed 8 million — or 1 million more than original projections, President Barack Obama announced Thursday during a briefing at the White House. Crediting a surge of sign-ups that came during the two weeks after the open enrollment period was set to end on March 31, Obama said: “This thing is working.” He can, in part, thank folks from Maryland. Maryland’s beleaguered health marketplace also picked up steam in early April. In sum, 65,186…
  • Four Seasons Baltimore developer brings back plan for condos

    Sarah Meehan
    17 Apr 2014 | 12:05 pm
    The condominiums once proposed atop the Four Seasons Baltimore are back on the table after the full project was delayed in 2009. The city’s Urban Design and Architecture Review Panel will consider a revised final design of the Four Seasons Condos at its April 24 meeting. It’s unclear what that design includes, but the Four Seasons, which opened in 2011, was initially planned as a 44-story Four Seasons Hotel and Residences. A lack of financing for the $230 million project forced H&S Properties…
  • Maryland's abandoned health exchange had no discernible leadership

    Sarah Gantz
    17 Apr 2014 | 11:49 am
    Maryland’s health exchange had an executive director before many states had even gotten started setting up their federally mandated online insurance marketplaces. The state’s health secretary, a long-time health care leader who left the Food and Drug Administration to head Maryland’s health department, played a big role fleshing out the new agency. And the governor tasked his second-in-command, Lt. Gov. Anthony Brown, with overseeing the roll out. But apparently no one was really in charge…
  • Spike Gjerde’s Parts & Labor butcher shop opens in Remington; restaurant coming soon

    Sarah Meehan
    17 Apr 2014 | 11:34 am
    The meat cases are full at Parts & Labor, Spike Gjerde’s butcher shop and restaurant, which opened Thursday in Baltimore's Remington neighborhood. The doors are open at the butcher shop portion of the business at 2600 N. Howard St., and the restaurant side will follow with an April 24 debut. The 5,000-square-foot space is a former car repair shop. The butcher shop will carry popular and lesser known cuts of meat, poultry and cured products including local beef, pork and goat; kielbasa, salami,…
  • Hospitals are paying billions to readmit patients for chronic conditions that primary care doctors should be treating

    Sarah Gantz
    17 Apr 2014 | 11:19 am
    U.S. hospitals spent $41.3 billion treating patients who returned to the hospital within a month of being sent home, often for conditions that could be better managed by a primary care doctor. Chronic health conditions, such as diabetes, and behavioral health issues, including mood disorders and substance abuse, are among the top reasons patients return to the hospital within 30 days, according to a  report by the Agency for Healthcare Research and Quality (AHRQ), which is part of the federal health…
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    Birmingham Business News - Local Birmingham News | Birmingham Business Journal

  • BB&T's net income jumps 139 percent

    Matt Evans
    17 Apr 2014 | 1:56 pm
    BB&T Corp. (NYSE: BBT) booked  first-quarter profits of $501 million, up by 139 percent from its net income in the first quarter of 2013. The Winston-Salem-based bank noted that the year-ago results were  reduced by $281 million because of a one-time charge related to a disallowed use of foreign tax credits.  Revenue for the latest quarter totaled $2.3 billion, a decrease of $166 million from a year ago. Mortgage banking revenue was off by $106 million, but insurance income rose by $62 million. BB&T…
  • Huntsville chef partners with owner to rebrand Veranda on Highland

    Bryan Davis
    17 Apr 2014 | 1:51 pm
    Veranda Restaurant owner Ed Hardin is partnering with Huntsville's James “Jimmy” Boyce to rebrand the Highland Avenue establishment. Boyce Restaurant Concepts, which owns three restaurants in Huntsville; Cotton Row, Commerce Kitchen and Pane e Vino Pizzeria, will partner with Hardin on a new concept that will feature modern American-French cuisine. According to a press release issued today, the rebranded Veranda will open this summer. Boyce Restaurant Concepts began in 2008 after Boyce worked…
  • Attorney: Superior execs suffered largest individual losses from failure

    Antrenise Cole
    17 Apr 2014 | 1:30 pm
    Former Superior Bank officers, including CEO C. Stanley Bailey, named in a lawsuit recently filed by the Federal Deposit Insurance Corp. are denying any wrongdoing and cite the economic conditions as the reason for the bank’s failure in 2011, according to a response from their attorney. As we previously reported, the FDIC seeks to recover at least $44 million in damages, claiming risky lending caused the bank to fail. Larry Childs, a partner at Waller Lansden Dortch & Davis LLP in Birmingham…
  • Graham and Co. closes on VA annex property

    Bryan Davis
    17 Apr 2014 | 1:04 pm
    By October 2015, the Southside is slated to have a new Veterans Affairs clinical annex. The $50 million project has been touted as a shot in the arm for the Southside of Birmingham. The project itself recently received a shot in the arm after developer Graham and Co. closed on the property at 2415 7th Ave. S. for $6.5 million. The site, which was formerly a car dealership, will be part of the 70,000 square-foot facility along the north side of the 2400 block of University Blvd. As previously…
  • MedSnap has prescription for the pharmaceutical industry

    Brent Godwin
    17 Apr 2014 | 12:57 pm
    When Wired Magazine featured Birmingham's MedSnap in a story last year, CEO Patrick Hymel probably didn't imagine the article would end up leading to a whole new aspect to the company's business. But that's what happened. "I got a call after that story appeared, and at first I thought it was someone pulling my leg." Hymel said. "The person told me they were from a big pharmaceutical company and wanted to talk to me." The result is the company's new MedSnap Verify Services, which works with pharmaceutical…
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    Boston Business News - Local Boston News | Boston Business Journal

  • Gov. Patrick nominates Ralph Gants to be chief justice of the SJC

    Mary Moore
    17 Apr 2014 | 8:51 pm
    Governor Deval Patrick today announced that he had nominated Justice Ralph Gants as Chief Justice of the Massachusetts Supreme Judicial Court to replace Chief Justice Roderick Ireland, who will retire in July. Patrick appointed Gants to the SJC in 2009. Gants has been co-chair of the Massachusetts Access to Justice Commission and chair of the SJC Standing Committee on Model Jury Instructions on Homicide, according to the governor's office. Gant worked on programs and ideas to improve the state…
  • Legislature is putting final touches on bill to address natural gas leaks

    Jon Chesto
    17 Apr 2014 | 8:46 pm
    Two years ago, the time ran out on the Legislature’s formal sessions before lawmakers could take decisive action on a gas-leaks bill. Something tells me they’re not going to let that happen this time around. The leaders on Beacon Hill received a potent reminder of the work to be done this week when an explosion from a gas leak in Dorchester injured a dozen people. The House and Senate have already passed their versions of the gas-leak legislation earlier this year, and House conferees were…
  • Local franchisee hopes to bring new fast-casual pizza chain to Boston

    Jon Chesto
    17 Apr 2014 | 8:40 pm
    Mitch Roberts believes Boston is hungry for a Chipotle-style pizza parlor. The assembly-line format popularized by the fast-casual Mexican chain is emerging in the pizza business, and Roberts wants a slice of it. That’s why Roberts and partner David Peterman signed a franchise agreement with Blaze Pizza last week to bring the Pasadena, Calif.-based chain into the Boston market. Roberts and Peterman are already seasoned restaurateurs: They currently run 34 Panera Bread locations through their…
  • Springfield officials don't see MGM's request for delay in casino approval as a setback

    By Peter Goonan
    17 Apr 2014 | 8:25 pm
    Kevin Kennedy, Springfield’s chief development officer, said Thursday that MGM Springfield, in seeking a delay in final state approval of its casino license, is not a setback for the city but rather a reflection of the uncertainty triggered by a legal challenge. Kennedy’s comments occurred after news that MGM, proposing an $800 million casino project in the South End, formally asked the Massachusetts Gaming Commission in a letter dated April 16, to not grant the license pending some resolution…
  • Federal agents pull the plug on Boston radio station

    Jon Chesto
    17 Apr 2014 | 8:20 pm
    Federal agents can take Charles Clemons off the air. But they can’t take away his Internet connection. Clemons says agents representing the Federal Communications Commission raided Touch 106.1’s office in Dorchester’s Grove Hall section today, seized equipment and unplugged the station because it was broadcasting without an FCC license. But Touch 106.1’s Facebook page describes this as a temporary situation, and boasts that it is still continuing its programming and advertising via online…
 
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    Buffalo Business News - Local Buffalo News | Business First of Buffalo

  • Forever Board owner goes back in time for wallboard

    David Bertola
    17 Apr 2014 | 9:15 pm
    When making the wallboard of the future, Ronald Voit ended up perfecting a formula that dates back to ancient Rome. Voit helped raise $2 million to launch Forever Board LLC, for which he is majority owner and CEO. He says his company’s new wallboard is flame retardant and, unlike gypsum based wallboards, about half as heavy. Contractors and developers, he said, want to learn more about Forever Board because they won’t breed mildew or black mold, which can be deadly for homeowners. Voit spent…
  • GUEST COLUMN: Estate tax reform an encouraging sign

    Christina Arthurs
    17 Apr 2014 | 5:30 pm
    They say the only two certainties in life are death and taxes. The good news for New York residents: The former may be inevitable but the latter just got cheaper. Part of the $140 billion state budget that was passed March 31 included much-needed reform to New York’s estate tax laws. Most notably, the exemption was immediately doubled from $1 million to $2 million and will increase incrementally, eventually reaching $5.25 million by 2017. On Jan. 1, 2019, the exemption will rise to whatever the…
  • Falletta’s Irish orchestra tenure to end this fall

    James Fink
    17 Apr 2014 | 12:10 pm
    JoAnn Falletta’s tenure as principal conductor of the Ulster Orchestra will apparently end this fall. The financially-troubled premier Irish orchestra will not be renewing Falletta’s contract, according to a report in the Irish Times newspaper. Falletta, the Buffalo Philharmonic Orchestra music director and principal conductor, joined the Ulster Orchestra three years ago. She was the first American and woman to lead that orchestra. The newspaper reported that Venezuelan conductor, Rafael Payne,…
  • Early childhood program receives $500,000 boost

    Tracey Drury
    17 Apr 2014 | 12:05 pm
    A national foundation has awarded grant funding to support a new early childhood education program in Buffalo. The Public Policy and Education Fund, the nonprofit research and public education affiliate of Citizen Action of New York, was included among 30 organizations nationwide to share in $13.7 million in grant funding to support early childhood education programming. The W.K. Kellogg Foundation announced April 17 grants of up to $500,000 to support the development and implementation of “transformative…
  • 'Like' Cheerios? You just signed away your right to sue General Mills

    Mark Reilly
    17 Apr 2014 | 11:08 am
    Any of you who are thinking about suing General Mills Inc. in the near future: You might want to rethink that breakfast of Wheaties or Lucky Charms or Cheerios (which are made in Buffalo). Eating them could be legally binding. (Even reading this story could be dangerous.) That's because the Golden Valley-based company, which has been peppered with consumer lawsuits over the past couple of years, has  just changed its privacy terms on its website to say that consumers who download coupons, join…
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    Charlotte Business News - Local Charlotte News | Charlotte Business Journal

  • New CertusBank CEO: 'We have to be judicious in how we spend money'

    Adam O'Daniel
    17 Apr 2014 | 5:58 pm
    New CEO John Poelker says fixing CertusBank will require cleaning up its troubled loan portfolio, bringing expenses and revenue into equilibrium and reminding employees and clients that the lender is financially stable — despite recent allegations of improper spending by its former management team.  And, for the record, he's not cleaning up the company for a quick sale.  "There has been no instruction from the board to clean up this baby so they can sell it. That's just not in the cards,"…
  • Harris Teeter adds $99 annual option for online shopping

    Jennifer Thomas
    17 Apr 2014 | 2:16 pm
    Harris Teeter has added a yearly payment option for its growing base of online shoppers. The Matthews-based grocery chain will offer its Express Lane online shopping option for a flat fee of $99.95. That will allow shoppers to place orders throughout the year without incurring additional charges. Other payment options include a fee of $4.95 per order or $16.95 per month. Harris Teeter introduced the online shopping service at a Charlotte store in 2000. “Our shoppers love the convenience of…
  • Proposed coal ash law could undermine NC court ruling on groundwater leaks

    John Downey
    17 Apr 2014 | 1:03 pm
    N.C. Gov. Pat McCrory’s proposed legislation to tighten coal ash regulation could blunt or even gut a recent court order that requires Duke Energy to immediately stop groundwater contamination from its ash ponds. The law sets out a series of studies, reports, deadlines and rulings back and forth between utilities and the N.C. Department of Environment and Natural Resources when addressing known groundwater leaks from coal ash storage. That could at least cause new litigation over a ruling that…
  • The Beer Growler to open in Charlotte's South End

    Jen Wilson
    17 Apr 2014 | 11:56 am
    Fans of craft beer in Charlotte will soon have a new means to get their fix. The Beer Growler, an Atlanta-based chain that serves as a filling station for growlers of beer, sodas and other beverages, has a new location on tap. Located in the former Elder Gallery space at the Dilworth Station shopping center in South End, it will be the chain's first operation outside Georgia, founder Denny Young told me this week. Young started the concept in 2009 with two business partners, after noticing a lack…
  • Wingate takes ownership of weekly newspaper 'The Home News'

    Jennifer Thomas
    17 Apr 2014 | 11:26 am
    Wingate University is the new owner of The Home News, a weekly newspaper serving the Wingate-Marshville area. Home News Publisher John Edmondson has donated the newspaper to the private university in a deal that was finalized this week. “Today begins a new era in the long, rich history of this newspaper,” states an open letter in this week’s edition. The community newspaper was founded in 1892. Edmondson has been publisher for the past 17 years. He and longtime office manager Brenda Thomas…
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    Cincinnati Business News - Local Cincinnati News | Business Courier of Cincinnati

  • Obstacles cleared for apartments, GE at the Banks ... But where’s the hotel?

    Chris Wetterich
    17 Apr 2014 | 5:35 pm
    Now that Hamilton County and the Bengals have struck a deal to allow construction of nearly 300 apartments and a potential development of a General Electric office tower, attention is turning back to a missing piece of the development – a hotel. Tom Gabelman, a Frost Brown Todd attorney who has worked on the Banks project from its inception, said Thursday he believes there could be two hotels at the project – one in the vacant pad across from Great American Ballpark and another on the western…
  • Poll: Even most smokers favor banning tobacco at schools

    Barrett J. Brunsman
    17 Apr 2014 | 2:02 pm
    Nearly nine of 10 adults in Northern Kentucky favor tobacco-free campuses at local schools, according to recently released results of a poll. Statewide, 84 percent of residents favored tobacco-free campuses, according to the Kentucky Health Issues Poll data released by the nonprofit Interact for Health (formerly the Health Foundation of Greater Cincinnati). In Northern Kentucky, 88 percent of those polled favored such policies. Support for such bans was high even among smokers (73 percent), according…
  • County, Bengals reach a deal paving way for Banks apartments, GE

    Chris Wetterich
    17 Apr 2014 | 1:09 pm
    The Cincinnati Bengals and Hamilton County have reached a deal allowing construction to go forward on the second phase of the Banks, including 291 apartments 20,000 square feet of retail and potentially General Electric's new shared services center. The deal includes a new high-definition scoreboard at Paul Brown Stadium, of which the team will pay a quarter of the cost, as well as wireless Internet and an expanded locker room. In exchange, the Bengals will waive a provision in its lease with the…
  • Business owner faces federal tax fraud charges in Cincinnati

    Barrett J. Brunsman
    17 Apr 2014 | 12:48 pm
    A Lawrenceburg woman who operated a home health care business has been indicted by a federal grand jury in Cincinnati on charges that she failed to turn over to the IRS more than $350,000 in tax money that she deducted from the pay of employees. Peggy Dossman, 43, who owned and operated Southwest Home Healthcare from 2003 through 2010, faces up to five years in prison and a fine of up to $250,000 if found guilty of income tax fraud in U.S. District Court in Cincinnati. Dossman was charged with…
  • I rode Kings Island's new Banshee roller coaster and made a stupid face doing it

    Andy Brownfield
    17 Apr 2014 | 11:34 am
    There’s a reason people don’t go to amusement parks alone. I felt like a creepy old man as I followed two young girls down the Fast Lane express line to Kings Island’s new Banshee roller coaster. Today was media day at Kings Island, before tomorrow’s season opening, and the park was letting special guests and members of the media test ride its newest roller coaster. It’s the world’s longest inverted coaster, featuring seven inversions, 208 feet in elevation change and 4,124 feet of…
 
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    Columbus Business News - Local Columbus News | Business First of Columbus

  • Six tips for structuring real estate deals to minimize tax

    By Chadd Weisert and Bill Poland
    17 Apr 2014 | 2:04 pm
    Real estate developers, you work in an environment where your ability to arrange deals hangs on the transaction’s tax consequence. If it can’t be structured in a way that’s advantageous to you and your investors, the project won’t happen. Whether you are putting together new development projects, public or private syndicated partnerships, or joint ventures, the deal’s tax bite can be a make-it or break-it factor. So you want to be strategic as you consider the opportunities on your horizon.…
  • Huntington doubling down on overdraft forgiveness, giving up $24M in annual revenue

    Evan Weese
    17 Apr 2014 | 12:31 pm
    Huntington Bancshares Inc. is so confident in its  Fair Play initiative that it’s ready to forego another $24 million in annual revenue to expand it. The Columbus-based bank will enhance its 24-Hour Grace overdraft protection on checking accounts by extending the 24-hour period to midnight the following day. It also will not assess overdraft fees due to pending transactions. In doing so, Huntington will give up $6 million per quarter that it otherwise would have collected from customer fees,…
  • Kinder Morgan growing with continued success in Utica and Marcellus shale

    Tom Knox
    17 Apr 2014 | 11:38 am
    Continued growth in the Utica and Marcellus shale plays has helped the largest midstream oil and gas company in North America increase its quarterly cash distribution to investors 6 percent. Kinder Morgan Energy Partners (NYSE: KMP) pointed to its heightened pipeline activity in Ohio, Pennsylvania and West Virginia as  one key to the increase. The Houston-based company is having success in pipelines that take natural gas from the region down to the Gulf Coast, which is a relatively  new phenomenon. CEO…
  • First quarter foreclosure activity up in Franklin County

    Brian R. Ball
    17 Apr 2014 | 11:35 am
    Commercial and residential real estate foreclosure activity was up in Franklin County in the first quarter. The office of Franklin County Clerk of Courts Maryellen O’Shaughnessy this week posted the data at the Franklin County Common Pleas Court. The stats show 1,677 foreclosures filed through March 31, up 44 from the pace set in the first three months of 2013. January and March filings actually declined,  according to the clerk’s office stats. But February filings surged from 421 in 2013…
  • First Look: Honda HR-V to fit below CR-V in automaker's lineup

    Dan Eaton
    17 Apr 2014 | 10:52 am
    Hello HR-V. Honda Motor Co. confirmed the name of and released the first official images of the newest addition to its vehicle lineup. Its compact sport-utility vehicle will indeed be called the HR-V, which had been rumored, and it will be on sale this winter at a to-be-announced price. I got to see an early prototype of the HR-V at the 2013 North American International Auto Show in Detroit.  The vehicle will be built on the same platform as the subcompact Honda Fit, both of which are  being…
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    Dallas Business News - Local Dallas News | Dallas Business Journal

  • A 1st look inside Bandera's Preston Center office building

    Candace Carlisle
    17 Apr 2014 | 5:16 pm
    One of Preston Center's most anticipated new office buildings is readying vertical construction in the next few weeks after Energy Transfer Partners leased the remainder of the building. Dallas-based Bandera Ventures' office building at 8111 Westchester Drive near Sherry Lane is 100 percent leased to two tenants -- Energy Transfer Partners and Chief Oil & Gas -- both of which are anxious to move into the Class AA building, Don Powell, principal of Dallas-based BOKA Powell and lead architect on…
  • Wage pressure: When lower unemployment becomes a problem

    Korri Kezar
    17 Apr 2014 | 5:16 pm
    Texas’ lowering unemployment rate may actually pose problems for companies looking to fill positions. As fewer Americans find themselves jobless, companies are having a harder time finding candidates. As a result, employers are having to raise wages and compensation, increase hours and recruit from other regions to get the staffing they need. “We are beginning to see some movement in term of salaries and difficulty to find the right people,” HKS Architects chairman Ralph Hawkins said. “Demand…
  • Zale sets date for vote on Signet acquisition

    Danielle Abril
    17 Apr 2014 | 5:05 pm
    Zale Corp. has set the date for a meeting at which stockholders could finalize the sale to Signet Jewelers Ltd. The Irving-based company is slated to host the meeting May 29 at its corporate headquarters. Bermuda-based Signet (NYSE: SIG), the largest specialty jeweler in the United States and United Kingdom, agreed to buy Zale (NYSE: ZLC) for about $690 million in February. The acquisition would add 1,660 retail locations in the U.S., Canada and Puerto Rico to its collection of more than 1,400…
  • Michaels Stores confirms data breach that could've affected 3M shoppers

    Danielle Abril
    17 Apr 2014 | 5:01 pm
    Michaels Stores Inc. confirmed that the company’s systems recently suffered a data breach that could impact 3 million customers. The announcement came after the company launched an investigation, with assistance from two independent security firms, several weeks ago. The breach affects both Michaels customers that shopped at stores between May 8, 2013 and Jan. 27 and Aaron Brothers customers that shopped between June 26, 2013 and Feb. 27. CEO Chuck Rubin released a letter to customers detailing…
  • Analysts: Sprint or T-Mobile will die without merger

    Bobby Burch
    17 Apr 2014 | 1:42 pm
    Sprint Corp. and T-Mobile US Inc. need to merge or one will probably fail, analysts say. While U.S. regulators would likely thwart that deal, analysts at New Street Research LLP contend their merger aversion would still inevitably lead to only three major U.S. carriers. "Our analysis suggests that Sprint and (T-Mobile) are not both independently viable — at least one of these companies will falter," analysts wrote in a research note. "Consumers and the industry are better off if the companies…
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    Dayton Business News - Local Dayton News | Dayton Business Journal

  • Brad Cullman: C-3 Group owner on ‘Mad Men’ and moving downtown

    Joe Cogliano
    17 Apr 2014 | 12:11 pm
    A few months back, Brad Cullman moved his C-3 Group to downtown Dayton. The idea was to energize the advertising and marketing agency by getting in on a wave of downtown revitalization. C-3 is now in 3,000-square-foot space on East 6th Street, across from Jay’s Seafood after being located in Centerville since 2010. I caught up with Cullman recently to talk about moving downtown, repositioning the firm in this market and what the popular TV series “Mad Men” has done for his profile. Q: How…
  • Second-annual Dayton Pizza Madness competition to start Monday

    Caleb Stephens
    17 Apr 2014 | 11:35 am
    It’s time again to find out who has the best pizza in the Dayton region. That’s right, the second annual Dayton pizza Madness competition has arrived. The bracket-style contest lets readers select who they believe has the best pizza locally. The competition will begin this Monday (April 21) and pits 32 pizza restaurants in a battle until there is one. Dayton Pizza Madness will feature four rounds of voting and runs for three weeks. The participants include Dayton-based restaurants, as well…
  • Meet a company president who wants to bring jobs to Dayton

    Tristan Navera
    17 Apr 2014 | 11:17 am
    Being a Michigan native, Keith Mortier is familiar with the Midwest. And it’s good for the Washington, D.C., native to come back. “Everything is so can-do around here, people want to work together to make things happen,” Mortier says as he inquires about good places in town to grab a burger. Mortier isn’t just a visitor though — he’s the president of Arlington, Va.-based Lunarline, a cybersecurity company looking to come into Dayton. And in an exclusive interview with me, he says the…
  • Kettering College expanding to Greene County facility

    Tristan Navera
    17 Apr 2014 | 11:05 am
    Kettering College is expanding its services to Greene County. Parent group Kettering Health Network announced Wednesday the Kettering-based school will offer health science education classes this fall at the Ollie Davis Medical Arts and Education Center at 68 Darst Road in Beavercreek. The expansion is pending approval from the Higher Learning Commission, the Ohio Board of Regents and the Accreditation Council of Occupational Therapy Education. Among the classes will be a proposed occupational…
  • Keith Mortier, president of Lunarline cybersecurity company (Video)

    17 Apr 2014 | 10:57 am
    Keith Mortier, president of Lunarline cybersecurity company (Video)
 
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    Denver Business News - Local Denver News | Denver Business Journal

  • Colorado VC activity picks up steam in first quarter

    Heather Draper
    17 Apr 2014 | 9:05 pm
    Colorado started the year off right in terms of venture capital activity. VC activity in the state was up 64 percent in the first quarter — in terms of dollars invested — from the same quarter of 2013, led by the $50.1 million dollar expansion stage funding of Greenwood Village-based Cool Planet Energy Systems Inc., according to a report released late Thursday. Colorado recorded 22 VC deals valued at $112. 5 million in the first quarter, said The MoneyTree Report by PricewaterhouseCoopers and…
  • Canadian companies continue Denver office plays

    Dennis Huspeni
    17 Apr 2014 | 3:22 pm
    Canadian real estate companies are loving downtown Denver office buildings. MDC Realty Advisors USA Inc. and Canadian Artis Real Estate Investment Trust (REIT) teamed up to buy Hudson’s Bay Centre, a 172,912-square-foot office building at 1600 Stout Street for $41.5 million. MDC is a subsidiary of MDC Property Services Ltd. of Canada. It’s affiliated with Hannay Realty Advisors. The building, built in 1982, was sold by Hamilton-Titan Partners LLC, doing business as HTD-HUDSON BAY LLC, according…
  • Insurance brokers from around the globe in Denver next week

    Heather Draper
    17 Apr 2014 | 2:50 pm
    Global climate change, the world economy and corporate risk management will be among the topics that insurance brokers from all over the world will be discussing in Denver next week. The Worldwide Broker Network will bring from 200 to 250 independent insurance brokers from all corners of the globe to the Colorado Convention Center April 23-26. The WBN, based in San Mateo, Calif., is marking its 25th anniversary at the meeting. The nonprofit is the largest international network of independent insurance…
  • Denver developers give glimpse of new downtown projects

    Dennis Huspeni
    17 Apr 2014 | 1:46 pm
    Three developers who are changing Denver’s skyline delivered details about their projects to a group of business officials Thursday morning. The three projects included an under-construction office building called Triangle Building by Chris Frampton, managing partner at East West Partners; a dual-branded Hyatt hotel tower by Matt Frankiewicz, senior director at White Lodging Services Corp.; and an apartment complex called the Platform at Union Station by Erik Hagevik, COO of Holland Partner Group. “All…
  • New Belgium moving ahead on building North Carolina facility

    Ed Sealover
    17 Apr 2014 | 1:43 pm
    Colorado’s largest craft brewery finally is ready to begin construction on a second, out-of-state facility. New Belgium Brewing of Fort Collins announced Thursday that it will break ground on its $175 million, 133,000-square-foot brewery in Asheville, N.C. on May 1. The facility, which will add about 140 jobs to the country’s third-largest craft brewery, will be used primarily for distribution of its beers to the East Coast. Maker of Fat Tire and 1554 Black Lager, New Belgium becomes the second…
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    Greensboro Business News - Local Greensboro News | The Business Journal of the Greater Triad Area

  • Forest Oaks not likely to reopen until next week, but course maintenance OK'd

    Owen Covington
    17 Apr 2014 | 1:51 pm
    A bankruptcy judge gave a green light Thursday afternoon to golf course maintenance crews at Proehlific Club at Forest Oaks, but members likely won't be hitting the links until next week at the earliest. The judge's order allowing maintenance work to start up again comes after the country club closed on Tuesday as its operator, ES2 Sports & Leisure, filed for Chapter 7 bankruptcy.  Attorney Charles Ivey III, the trustee in the bankruptcy case, told the Triad Business Journal he's working as…
  • Herbalife Ltd. shares traded down as much as 2 percent following news of Illinois Attorney probe

    Katie Arcieri
    17 Apr 2014 | 1:46 pm
    Herbalife Ltd. shares were traded  down as much as 2 percent on Thursday and closed at $55.10 following news that Illinois Attorney General Lisa Madigan's office was investigating the nutritional products company. The Illinois probe adds to other multiple media reports that the U.S. Department of Justice and the FBI launched a criminal investigation of the company. The Federal Trade Commission also opened an inquiry into the company's business practices that was acknowledged by Herbalife earlier…
  • Salvation Army to kick off fundraising for new Greensboro Boys & Girls Club

    Matt Evans
    17 Apr 2014 | 12:56 pm
    The Salvation Army will hold a kick-off ceremony April 24 for the campaign to fund a new Boys & Girls Club in Greensboro on April 24. The group is  planning to build a 42,000-square-foot facility that will house a community center and club for local children. It will be located at the former site of the J.C. Price School in the historic Warnersville neighborhood. Some pieces of the school were  saved from demolition and will be incorporated into the new facility. A media announcement of the kick-off…
  • Riders converging on the Triad for the Winston-Salem Cycling Classic

    Owen Covington
    17 Apr 2014 | 11:49 am
    For a second year, professional cyclists from around the world will be converging on the Triad for the Winston-Salem Cycling Classic, which kicks off Friday. The two-day package of races is a USA Cycling-sanctioned event that includes a casual 80-mile Gran Fondo on Saturday from Winston-Salem through the Yadkin Valley wine country and back along with multiple Criterium races along a 1.5-mile circuit near Wake Forest Innovation Quarter.  The Classic is one of 16 National Criterium Calendar events…
  • Cycling center in Winston-Salem not quite there yet

    Catherine Carlock
    17 Apr 2014 | 11:44 am
    Yesterday, I reported that 505 N. Liberty St. in downtown Winston-Salem would be developed into an official U.S. Olympic cycling training center. Officials on Thursday clarified that, while the Winston-Salem building is a leading candidate for the center, it has not yet received official approval from the U.S. Olympic committee. However, the building will developed as an elite cycling training center regardless of the official U.S. Olympic designation, said Dr. Rick Rauck, a physician with the…
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    Honolulu Business News - Local Honolulu News | Pacific Business News of Honolulu

  • Why Hawaii employers should pay attention to caregiver stress

    Jenna Blakely
    17 Apr 2014 | 6:01 pm
    Barbara Kim Stanton, Hawaii state director of AARP, says that employers should have more discussions on ways to support employees who are taking on family caregiver roles. There are about 247,000 estimated caregivers in Hawaii providing about $2 billion in unpaid care per year. Hawaii’s rapidly aging population is being met by a shrinking pool of caregivers and rising costs of long-term care, which is placing more emphasis on helping Hawaii’s elderly live independently. But that places more…
  • Hawaii, others reach deal to preserve 666 acres at Turtle Bay Resort

    Duane Shimogawa
    17 Apr 2014 | 5:46 pm
    A $48.5 million deal has been reached to establish a conservation easement on about 666 acres of land at Turtle Bay Resort on Oahu’s North Shore, saving portions of this land from future development forever, Hawaii state officials said Thursday. Gov. Neil Abercrombie and others, including leaders from the City and County of Honolulu, The Trust for Public Land and the Turtle Bay Resort, made the announcement at the state Capitol in Honolulu on Thursday. “As I said in my State of the State Address…
  • Honolulu gives first look at rail segment casting yard: Slideshow

    Bill Cresenzo
    17 Apr 2014 | 5:44 pm
    The Honolulu Authority for Rapid Transportion gave the media a first look on Thursday at the 34-acre casting yard in Kalaeloa that contractor Kiewitt Infrastructure West Co. is using to make the segments that will connect the columns on Honolulu's $5.16 billion rail project. The 82 workers there spend each day in the hot Hawaii sun casting the concrete segments - 12 are made each day, and no two are alike. Lance Wilhelm, a senior vice president for Kiewttt who is overseeing the construction of…
  • Illinois lawmakers OK $100M for Obama presidential library

    Janis L. Magin
    17 Apr 2014 | 5:35 pm
    An Illinois state Legislature House committee has approved a proposal to provide $100 million in state funds for the construction of a presidential library for President Barack Obama in Chicago, but Mayor Rahm Emanuel said his city can’t expect to be chosen just because Obama lived there. Chicago expects to compete with Honolulu and New York City as the site for Obama’s presidential library. The Barack Obama Foundation last month issued a request for qualifications outlining the requirements…
  • Only ferry service from Maui to Lanai may add new $2.7M vessel, Hawaii regulators say

    Duane Shimogawa
    17 Apr 2014 | 5:25 pm
    Expeditions, which operates the lone ferry service from Maui to Lanai, received the green light from Hawaii regulators to build a new $2.7 million, 149-passenger vessel to accommodate current and future travel demand to and from the Pineapple Island. PBN first reported its plans late last year when Bill Caldwell, president of Hono Heke Corp., which does business as Expeditions, submitted an application to the Hawaii Public Utilities Commission asking it to allow the company to enter into a construction…
 
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    Houston Business News - Local Houston News | Houston Business Journal

  • Investors want mega software deals in Houston and nationwide

    Molly Ryan
    17 Apr 2014 | 10:01 pm
    Every investor wants a piece of the software innovation pie, according to Mark McCaffrey, the global software leader and a technology partner at PricewaterhouseCoopers LLP. The first quarter venture capital numbers — tallied in the MoneyTree report from PwC and the National Venture Capital Association using data from Thomson Reuters — once again showed that software is where investors are putting the largest chunk of their money. Across the nation, 44 percent of the total first-quarter deals…
  • High school musicals win big at TUTS' annual Tommy Tune Awards

    Giselle Greenwood
    17 Apr 2014 | 3:05 pm
    For the past 12 years, Theatre Under the Stars has held its Tommy Tune Awards, an award ceremony that recognizes the top musical performances of Houston-area high schools. I've heard it's gotten better and better every year. In fact, I'm told these high school students' performances are on par with the professional performances in some cases. Developed by TUTS, the Tommy Tune Awards evaluated 44 participating Houston-area high school productions during the 2013-14 school year. This year's ceremony…
  • New KBR CEO set to take over in June

    Jordan Blum
    17 Apr 2014 | 2:39 pm
    Stuart Bradie is set to take over as the new president and CEO of Houston-based KBR Inc. (NYSE: KBR) on June 2. Bradie, who was the group managing director of WorleyParsons, will replace Bill Utt,  who announced his plans to retire in December. Bradie also is expected to be appointed as a member of KBR's board of directors once he takes over as CEO. In his role at WorleyParsons, he led the global operations, project delivery and assurance. He was previously managing director responsible…
  • Houston company to develop 600-acre community near Austin

    Jan Buchholz
    17 Apr 2014 | 2:25 pm
    The Lookout Group has had a fondness for many years developing residential real estate projects in the far northwestern fringes of Austin. That focus isn’t about to change. The Houston-based master-planned community developer will unveil its next major project in May at Clearwater Ranch near Liberty Hill, just north of Leander in Williamson County. The Lookout Group also developed Crystal Falls in Leander, which is largely build-out and was profiled in a previous Austin Business Journal story. “We…
  • Franchise Expo group returns to Houston to court more participants

    Mark Yost
    17 Apr 2014 | 2:19 pm
    The first-ever Franchise Expo South in Houston ended almost two months ago. But the organizers came back to network at the Houston Hispanic Chamber of Commerce annual luncheon and business expo on April 17. "Not only is the greater Houston area growing, but all the surrounding areas that touch it are, as well," said Tom Portesy, president and CEO of MFV Expositions, the Paramus, N.J.-based company that puts on the trade show that moved this year from Miami Beach to Houston.  "Miami is a great…
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    Jacksonville Business News - Local Jacksonville News | Jacksonville Business Journal

  • $34 million project slated for Kings Bay

    Timothy Gibbons
    17 Apr 2014 | 6:25 pm
    An Alabama company will be doing $34.3 million worth of work at Naval Submarine Base Kings Bay over the next three years. Caddell Construction Co. Inc. of Montgomery, Ala., got the job under a previously awarded contract that selected five companies — including The Haskell Co. and Sauer Inc., both of Jacksonville — for construction work in northern Florida and southern Georgia. Three of the companies bid on the Kings Bay work, although it is not clear which ones. The job involves building…
  • Northrop Grumman dedicates $100M plant expansion, which will increase workforce

    Colleen Michele Jones
    17 Apr 2014 | 6:23 pm
    Northrop Grumman Corp.’s new 400,000-square-foot Aircraft Integration Center of Excellence in St. Augustine — which will eventually add 400 jobs and more than $100 million in capital investment — will be completed by next year. The center at the St. Augustine campus is one of five to be built in the nation, increasing the local defense contractor’s workforce to 1,400. “This is going to have a dramatic impact for 400 families in this region of Florida,” Gov. Rick Scott said during a…
  • Burger King brings AT&T's plug-and-play Wi-Fi to all U.S. restaurants

    Shaun Bevan
    17 Apr 2014 | 11:49 am
    Burger King Worldwide has partnered with AT&T to bring its plug-and-play Wi-Fi to all U.S. restaurants. The upgraded platform, dubbed Whopper Wi-Fi, replaces the current Wi-Fi system. “Whopper Wi-Fi is about improving the in-restaurant experience for our guests. Most of our guests carry smartphones or tablets, and this upgrade makes their time with us easier and more enjoyable,” said Alex Macedo, president of Burger King's North America division, in a news release. AT&T Ready Zone makes it…
  • 5 reasons Bank of America's earnings aren't THAT bad

    Adam O'Daniel
    17 Apr 2014 | 11:43 am
    So this wasn't the best quarter Brian Moynihan & Co. has ever had. Not at all.  On Wednesday, Charlotte, N.C.-based Bank of America (NYSE: BAC) reported a first-quarter net loss for common shareholders of $514 million, or 5 cents per share. That's down from a net profit of $1.1 billion in the same quarter last year. Big legal bills are the culprit. Again.  It's the first quarterly loss for BofA since mid-2011. So why might this still not be BofA's worst day ever? Click here to read more from…
  • Jacksonville in top ten for underwater foreclosures

    Catherine Byerly
    17 Apr 2014 | 11:14 am
    Jacksonville is tenth in the nation for foreclosures seriously underwater, according to  research from RealtyTrac. Nationwide, 17 percent of U.S. properties are seriously underwater, down from 26 percent last year. "Seriously underwater" is defined as having a loan to value ratio of 125 percent or above, meaning the homeowner owed at least 25 percent more than the estimated market value of the property. Many major metro areas in Florida are still seeing foreclosures in which the property owner…
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    Kansas City Business News - Local Kansas City News | Kansas City Business Journal

  • KC's newest luxury apartment complex is under construction

    Austin Alonzo
    17 Apr 2014 | 1:07 pm
    Construction is underway on Mission 106, an addition to the successful mixed-use Mission Farms development in Leawood. Radd Way, executive vice president at The Weitz Co. LLC's Lenexa office, said work on the residential development, which includes 132 apartments and seven for-rent townhomes, has been underway for about a month. Way said Weitz, which is building the $30 million project, is done with its grading work and it will begin installing the foundation soon. The 206,000 square-feet of buildings…
  • Analysts impressed with KC Southern's first quarter but remain skeptical

    Austin Alonzo
    17 Apr 2014 | 1:00 pm
    Securities analysts are impressed with Kansas City Southern Railway Co.'s first-quarter earnings report, but they remain unconvinced the stock is a safe buy. On Wednesday afternoon, the Kansas City-based railroad company (NYSE: KSU) announced that it earned $607.4 million in revenue during the quarter that ended March 31. Analysts noted that the adjusted first-quarter earnings per share of $1.05 beat the consensus estimate of 99 cents a share by 6 cents, even though the company's earnings per share…
  • Juries go digital with KC legal startup

    Brianne Pfannenstiel
    17 Apr 2014 | 12:51 pm
    Kansas City lawyer-turned-entrepreneur Chris Lucas is hoping his new company can help clear some of Kansas City's legal dockets of frivolous lawsuits. YurJURY, which he began work on several years ago, is now officially up and running. The startup's website allows lawyers to submit their cases — or parts of cases — to a digital jury. A group or jurors, selected from the jurisdiction in which the case would be tried, have five days to review the submitted case materials. Lucas said that could…
  • PIEA approves abatements for two downtown apartment projects

    Rob Roberts
    17 Apr 2014 | 12:48 pm
    The Planned Industrial Expansion Authority board on Thursday approved abbreviated property tax abatements for two downtown area apartment projects. To help win the board’s approval, developers of both projects negotiated terms acceptable to Jackson County, Kansas City Public Schools and other jurisdictions that forgo tax revenue when abatements are approved. The PIEA board approved a 10-year, 95 percent abatement followed by a four-year 50 percent abatement for Centropolis on Grand, a five-story,…
  • Tech tidbits: Google Fiber reaction, KC art app, SparkLab pitches

    Bobby Burch
    17 Apr 2014 | 12:36 pm
    Welcome back to our weekly digest featuring snippets of Kansas City tech news. KC Startup Village reacts to Google Fiber biz news By now you've probably heard Google Fiber is planning to test a small business product in Kansas City. And as the news continues to ripple, I caught up with one local organization whose formation is in part thanks to Google Inc.'s limited network rollout to only residential addresses. Now with 25 firms in its hamlet, the Kansas City Startup Village sprouted nearly two…
 
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    Los Angeles Business News - Local Los Angeles News | Los Angeles Business from bizjournals

  • Old Hollywood studios get Icon tower

    Scott Bridges
    17 Apr 2014 | 1:25 pm
    In the early days of film-making, it was called Poverty Row. The Sunset Gower Studios, once the Harry Cohn-era Columbia Pictures lot that cranked out B-pictures and the early gems of Frank Capra, and Sunset Bronson Studios, the former Warner Bros. studio where the so-called talkies were first created with 1927’s “The Jazz Singer, are getting a Hollywood makeover. Hudson Pacific Properties, one of the city’s busiest landlords has unveiled plans for the new Icon at Sunset Bronson Studios, a…
  • DWP resumes shut-offs on delinquents

    Scott Bridges
    17 Apr 2014 | 1:21 pm
    The Los Angeles Department of Water and Power wants the $242 million it says it’s owed by delinquent ratepayers, and it’s ready to begin shutting off their electricity. In November, the City Council ordered the DWP to hold off on most of those shutdowns because of a new billing system that the council viewed unreliable. Officials at the department said this week, however, that those problems have been resolved and they’re ready to collect or cut off the juice,  according to the Los Angeles…
  • Sriracha factory owner considers move

    Scott Bridges
    17 Apr 2014 | 1:17 pm
    Now that Irwindale has turned up its nose at its smelly Sriracha factory, owner David Tran is considering moving his odor-producing business to another town, the  Los Angeles Times reported Thursday. Tran says his Huy Fong Foods is being courted by politicians and business leaders from 10 states, as well as multiple California cities, which are apparently interested in providing a new home for his Sriracha factory. He has invited them to tour his facility to see if their communities could handle…
  • Covered California's final sign-up total: almost 1.4M

    Chris Rauber
    17 Apr 2014 | 12:14 pm
    Covered California's final sign-up total for its initial open enrollment period totaled nearly 1.4 million, including nearly 206,000 who took advantage of extra time to complete applications between April 1 and the April 15 extended deadline. Nationally, the total was about 7.5 million, former U.S. Health and Human Services director Kathleen Sebelius said recently, which would put California's tally at 18.7 percent of the national figure. The California total of 1.396 million exceeded the Obamacare…
  • Q&A: Swagbucks offers rewards for shopping online and soon on the go

    Annlee Ellingson
    17 Apr 2014 | 11:44 am
    Last fall, my husband and I spent a week and a half in London and watched the Minnesota Vikings play the Pittsburgh Steelers in Wembley Stadium. The fall before that, we spent 10 days in Munich during Oktoberfest. On neither trip did we spend a dime on a hotel room. Our not-so-secret? Rewards. Hotel points, airline miles, cash back — by now we’re all familiar with the ways in which credit cards seek our spending loyalty. But a company called Swagbucks, founded by a rabbi-in-training and a California…
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    Louisville Business News - Local Louisville News | Business First of Louisville

  • You could win $1 million, if your golf game is spot on

    Braden Lammers
    17 Apr 2014 | 12:00 pm
    Warm up your 9-iron and other golf clubs, this year’s annual Kentucky Derby Festival $1 million, hole-in-one contest is under way. The contest, which began Thursday, will run until Sunday, April 27 at Seneca Golf Course’s driving range off Pee Wee Reese Road. According to a news release, the preliminary and semi-final rounds will be held on the golf course’s driving range and is 100 yards long for each qualifying shot. Preliminary qualifying rounds for the contest will be from 10 a.m. to…
  • RE/MAX launches Southern Indiana franchise

    Braden Lammers
    17 Apr 2014 | 11:33 am
    RE/MAX of Indiana has opened an office in New Albany. Broker-owners Michelle Warford and Stephanie Prather signed on as the franchisee in February after leaving Keller Williams Realty. Warford and Prather left Keller Williams to work with RE/MAX to become broker-owners of a franchise. The new office, RE/MAX Integrity, is at 1829 E. Spring St. Suite 101, and will specialize in residential, luxury and commercial real estate, according to a news release. Financial terms of the five-year franchise…
  • HumanaVitality touts a healthy lifestyle with KDF marathon sponsorship

    David A. Mann
    17 Apr 2014 | 11:11 am
    The Kentucky Derby Festival’s Marathon and miniMarathon races are among the events that many Louisville-area runners look forward to all year. But it’s also a business opportunity for a company such as Chicago-based HumanaVitality. HumanaVitality is an incentive program through which members can earn rewards for healthy habits. The company, a division of Louisville-based health benefits giant Humana Inc. (NYSE: HUM), is co-sponsoring this weekend’s races. On Thursday, I talked with HumanaVitality…
  • U of L lands $38 million for Belknap improvements

    Ed Green
    17 Apr 2014 | 10:59 am
    As part of the state highway construction plan approved this week by the Kentucky General Assembly, a total of $38 million in road projects were approved related to the University of Louisville’s main Belknap Campus. The plan still must be signed by Kentucky Gov. Steve Beshear. Mark Hebert, director of media relations for U of L, said the state funding would allow the university to complete infrastructure work at its developing Belknap Engineering & Applied Science Park near the J.B. Speed School…
  • Sullivan College of Technology and Design, KFC develop board game for customer service training

    Caitlin Bowling
    17 Apr 2014 | 10:42 am
    KFC Corp. is adding a bit of fun to its employee customer service training program. The Louisville-based company last year commissioned students at Sullivan University’s College of Technology and Design to create a game for employees at KFC’s 4,600 stores throughout the United States to play while learning about effective customer service. KFC is producing the games and currently is rolling out the new training tool at its stores nationally. “For us, it was really exciting because students…
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    Memphis Business News - Local Memphis News | Memphis Business Journal

  • Blue Springs facility produces first Toyota vehicle for export

    Michael Sheffield
    17 Apr 2014 | 2:19 pm
    The first Mississippi-built Toyota Corolla for export rolled off the assembly line at Toyota’s Blue Springs plant today. Last summer, Toyota a nnounced the Blue Springs facility would begin manufacturing Corollas for the Central and South American markets, as well as the Caribbean. According to Toyota, more than 7,500 Corollas are expected to be exported to 18 countries in the region. The car manufacturer exported more than 130,000 vehicles from the U.S. in 2013, which is an all-time high. “The…
  • Sharky's files for bankruptcy with debts near $1M

    Ryan Poe
    17 Apr 2014 | 1:00 pm
    The company that operates upscale seafood restaurant Sharky's on Poplar Avenue has filled for bankruptcy protection. Sharky's Gulf Grill LLC, which leases the restaurant space at 6201 Poplar Ave. in East Memphis, voluntarily filed for Chapter 11 protection with $954,067 in debts and $84,800 in assets, according to public U.S. Bankruptcy Court records. The owners of Sharky's, which includes managing member John Golon, didn't immediately return a call seeking comment. A manager at the restaurant…
  • Beige Book: Is Memphis bringing everyone down?

    Rob Robertson
    17 Apr 2014 | 12:55 pm
    You can exhale, everyone! The Federal Reserve’s third Beige Book of 2014 — a mostly anecdotal catalog of economic activity in each of the Fed’s 12 districts — is here. And the news is … not great. Economic activity in the Eighth District — which includes the metro markets of Memphis, St. Louis, Louisville and Little Rock — has declined slightly since the previous survey, according to the report. While recent reports of planned activity in manufacturing have been positive, reports…
  • Fresh off playoff berth, Joerger named Coach of the Month

    Michael Sheffield
    17 Apr 2014 | 12:44 pm
    The NBA’s regular season has ended, and the Memphis Grizzlies’ six win, two loss, seventh seed in the Western Conference playoffs clinching month has garnered head coach Dave Joerger his second Coach of the Month award. During the final two weeks of the regular season, the Grizzlies racked up home wins against the Miami Heat, Denver Nuggets, Philadelphia 76ers and last night’s win over Dallas, which locked the team in for its first round matchup against the Oklahoma City Thunder. The series…
  • The largest financial counselors in Memphis

    Ed Arnold
    17 Apr 2014 | 12:29 pm
    Memphis Business Journal’s list selections in the April 11 print edition features the city's financial counselors but we’re giving web readers a look at the top five. The list ranks the firms by the number of local, certified financial planners.  For the full list of the top 25 financial counselors in town — including top local officer; number of local certified financial planners; number of local non-CFP employees; assets under local management; year founded; and specialties for each…
 
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    Milwaukee Business News - Local Milwaukee News | The Business Journal of Milwaukee

  • Popular Milwaukee bus routes to get express service thanks to grants

    Sean Ryan
    17 Apr 2014 | 3:20 pm
    Milwaukee County’s transit system has received $22.6 million in state grants to buy 16 clean diesel buses and establish three express routes to serve major destinations, including the University of Wisconsin-Milwaukee campus. “It’s some of our more popular and more highly-traveled routes,” said Brendan Conway, spokesman for Milwaukee County Executive Chris Abele. The new express service will run in addition to the existing routes on three existing bus lines that cross through the center…
  • Associated Bank 1Q profit dips

    Alison Bauter
    17 Apr 2014 | 3:13 pm
    Associated Banc-Corp, the Green Bay-based parent company of Associated Bank, reported net income of $44 million, or 27 cents per share, for the first quarter ended March 31, compared with $47 million, or 28 cents per share, a year ago. The company said average loans grew $416 million, or 3 percent, from the fourth quarter, with a record $420 million growth in total commercial loan balances over three months. Net interest income of $165 million increased $7 million, or 5 percent, from the comparable…
  • U.S. Cellular Arena upgrade should wait, says Milwaukee Common Council president

    Rich Kirchen
    17 Apr 2014 | 1:26 pm
    A $3 million upgrade to the 60-plus-year-old U.S. Cellular Arena should be halted until Milwaukee officials know more about the city’s future arena plans, Milwaukee Common Council president Michael Murphy says. The Wisconsin Center District Board, which owns the U.S. Cellular Arena, in March approved spending $3 million over the next three years on items including new seating and a high-definition scoreboard. Murphy, speaking at a Milwaukee Press Club luncheon Thursday at the BMO Harris Bradley…
  • Scaled-back Dover school design for teacher apartments moves forward

    Sean Ryan
    17 Apr 2014 | 1:02 pm
    A smaller $18 million redevelopment of the former Dover Street School in Milwaukee's Bay View neighborhood into 90 apartments for teachers was approved by the Milwaukee Plan Commission Wednesday. The original redevelopment plan for the Milwaukee Public Schools property at 619 E. Dover St. generated local opposition, causing the developers to downsize their project. The refined project plan, which includes one new building instead of the three in the original plan, was backed in a Plan Commission…
  • Agro Biosciences expanding Milwaukee County Research Park lab space

    Alison Bauter
    17 Apr 2014 | 12:59 pm
    Agro Biosciences Inc. is expanding its lab space at the Milwaukee County Research Park’s Technology Innovation Center, the company president said earlier this month. The five-man operation now takes up offices and about 500 square feet of lab space at the Wauwatosa research park. The expansion will up that space to 1,150 square feet. The new space will house labs centered on the development of more natural alternatives to common growth hormone antibiotics used to grow turkeys, said company…
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    Minneapolis Business News - Local Minneapolis News | The Minneapolis / St Paul Business Journal

  • Photos: 40 Under 40 Alumni Club

    Jim Hammerand
    17 Apr 2014 | 2:13 pm
    The Minneapolis/St. Paul Business Journal and Minnesota Timberwolves hosted 40 Under 40 alumni at the Target Center Wednesday night. Award winners networked, met with team executives and enjoyed drinks and appetizers in an executive suite.  Go to the Business Journal 40 Under 40 2014 page to read profiles of the most recent winners, view  video and photos from this year's awards ceremony and read about what the 40 Under 40's inaugural class from 1994 has accomplished since then. Look up members…
  • Minnesota companies raise less venture capital in Q1

    Katharine Grayson
    17 Apr 2014 | 2:13 pm
    Venture capital investment in Minnesota startups dipped to $83 million during the first quarter, down from $121 million during the final three months of 2013. The first-quarter total was still up significantly compared to the same period a year ago, when the state’s startups raised about $38 million, according to the MoneyTree Report, which is complied by PricewaterhouseCoopers and the National Venture Capital Association using data from Thomson Reuters. Venture firms invested in 11 Minnesota…
  • Michael Foods won't cut workers after $2.45B sale, CEO says

    Jim Hammerand
    17 Apr 2014 | 2:07 pm
    Michael Foods Inc. CEO Jim Dwyer says the  $2.45 billion sale of his company will not bring cuts to its 1,300-person Minnesota workforce. Dwyer expects little change to the Minnetonka-based company's local operations, he said Thursday in an interview with the Minneapolis/St. Paul Business Journal. The ownership change "will be invisible" to consumers. Egg and dairy producer and distributor Michael Foods has 3,600 employees and is Minnesota's 14th-largest privately held company. The company…
  • New Eagan steak & seafood restaurant is anything but typical

    Nick Halter
    17 Apr 2014 | 12:38 pm
    Don't expect the typical suburban fare at Eagan's newest restaurant, which has been kept a secret until now. The team behind BlueStone Steak & Seafood is an experienced bunch, including the purveyors of Ragin Cajun at the Minnesota State Fair, the consultant who also helped launch Smack Shack and a chef who worked under Jack Riebel. The 7,000-square-foot BlueStone opens April 21 in the Grand Oak Business Park, near the intersection of Dodd Road and Highway 55. The owners includes Ron and…
  • Target expands subscription delivery service

    Jim Hammerand
    17 Apr 2014 | 11:59 am
    Target Corp. is expanding its Amazon.com-like subscription service to include more than 1,500 products. The Minneapolis-based retailer is also adding a 5 percent discount for the service, which  last year first offered regular deliveries of diapers and baby formula. Now the service include laundry detergent, toilet paper, vitamins, cosmetics, razors, coffee, pet treats, printer ink and  other household necessities.  Target (NYSE: TGT) has been working to expand its online offerings, a strategy…
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    Nashville Business News - Local Nashville News | The Nashville Business Journal

  • Virgin Hotels CEO doesn't see Nashville cooling off

    E.J. Boyer
    17 Apr 2014 | 2:59 pm
    Virgin Hotels CEO Raul Leal knows Nashville is hot — and he doesn’t think it’s going to cool down for a long time. “The city has experienced such explosive economic growth, and I believe it’s one of the strongest performing hotel markets,” he said. “We like the proposition of Nashville as a destination.” The hotel brand, an offshoot of the multi-billion dollar Virgin Group founded by British entrepreneur Sir Richard Branson, announced plans Thursday to open a Virgin Hotels property…
  • Butch Spyridon weighs in on Virgin Hotels' Nashville plans

    E.J. Boyer
    17 Apr 2014 | 12:46 pm
    The new 240-room Virgin Hotel slated for Music Row won’t make the city’s downtown hotel pressure disappear, but it will help alleviate it, as three full-service hotel projects race to get out of the ground. “The need is still there for the larger full-service hotel within a couple blocks [of Music City Center], but at 240 rooms and within a mile it does help fill some of the full-service rooms,” said Butch Spyridon, president of the Nashville Convention and Visitors Corp. “I think it will…
  • Tennessee's unemployment rate falls again

    Eric Snyder
    17 Apr 2014 | 12:08 pm
    Tennessee's unemployment rate fell to 6.7 percent in March, down from February's revised rate of 6.9 percent, the Tennessee Department of Labor and Workforce Development announced today. It marks the seventh consecutive month of falling unemployment in Tennessee, and is the lowest rate since June 2008. Nationally, the unemployment rate for March was unchanged at 6.7 percent. Over the past year, Tennessee's unemployment rate has decreased from 8.3 to 6.7 percent; the national rate has fallen from…
  • Connect the dots with social media

    Michele Wolfson, Guest Blogger
    17 Apr 2014 | 12:00 pm
    Many businesses today still view social media as a sideline marketing activity that they do because everyone else is doing it. But successful companies realize it’s more than just putting your big toe in the digital water, it’s about maximizing your efforts with a social media strategy that links to your overall company’s goals. If you don’t have a strategic digital plan, it’s never too late to start formulating the where, when and how you will participate online. Maybe it’s simply getting…
  • Lawmakers OK compromise on Amp bills

    Scott Harrison
    17 Apr 2014 | 11:05 am
    Mayor Karl Dean's olive branch may have worked. Tennessee lawmakers approved a compromise bill today that will allow the Amp to proceed as currently designed, though lawmakers aren't ceding oversight of the planned $174 million project entirely. While the House had previously passed a bill requiring the General Assembly to approve bus rapid-transit projects, the Senate gave the go-ahead on a measure that would prohibit the Amp's plan for dedicated center bus lanes. After the Senate passed its…
 
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    Orlando Business News - Local Orlando News | The Orlando Business Journal

  • Winner winner, chicken dinner: See who took top awards at Taste of Winter Park

    Megan Ribbens
    17 Apr 2014 | 2:58 pm
    More than 40 restaurants in Central Florida’s foodie industry gathered April 16 for the 29th annual Taste of Winter Park event. The annual foodie fest served more than 1,300 attendees and gave local restaurants an opportunity to showcase their talent and offerings, as well as expand their reach to new customers. Fun fact: Yours truly was one of the six judges for the event. Seven of the region’s restaurants were recognized for their culinary concoctions: Best entrée: The Coop's chicken and…
  • Apple quietly building out Orlando engineering office near UCF, hiring

    Abraham Aboraya
    17 Apr 2014 | 11:37 am
    Electronics giant Apple Inc. is quietly building out a hardware engineering location near the University of Central Florida. Cupertino, Calif.-based Apple (Nasdaq: AAPL) is building out a 14,000-square-foot office space in the Orlando University Center complex near the University of Central Florida in east Orlando. Apple also has seven open jobs on its website for Orlando, all in hardware engineering. It is unknown when the company is supposed to move in, or if this is a new market for Apple.…
  • How to make more millennials start C. Fla. companies

    Abraham Aboraya
    17 Apr 2014 | 11:08 am
    A group of locals is doing the initial work to put together a venture capital fund with a twist: Fund socially responsible companies. A bill is going through the Florida Legislature right now to  allow the creation of benefit corporations, almost a hybrid of for-profit businesses with nonprofit, socially conscious mentality. I spoke with Shawn Seipler, CEO of Orlando-based Clean The World Foundation Inc., who said he plans to convert the nonprofit into a benefits corporation after the law is passed. Seipler…
  • UCF group awaits The Coop: Photos from opening day

    Jim Carchidi
    17 Apr 2014 | 10:45 am
    Good things come to those who wait. Especially if you were waiting by a red wall with a big painted chicken on the morning of April 17. The long-awaited opening day of The Coop did not disappoint in terms of lines, food and happy people. University of Central Florida students Nick Gort, Jordan Wellman, Nicole Jones, Liz Wipple, Cameron Henson and Alex Karimipour gathered at 8 a.m. to await the next dining delight from their favorite restaurateur, Chef John Rivers. The group also was on hand for…
  • Maglev update: FDOT to open bid packages for airport-to-convention rail route

    Anjali Fluker
    17 Apr 2014 | 10:39 am
    Have you been on maglev watch? If so, you might want to keep your ears open on April 18. That’s the date the Florida Department of Transportation is expected to open the bids submitted by companies that want to lease right of ways along a route from Orlando International Airport to the Orange County Convention Center. That route would be used to develop and operate a fixed-guide transportation system, which could be a rail, trolley, monorail, cable car or other automated transportation system. This…
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    Philadelphia Business News - Local Philadelphia News | The Philadelphia Business Journal

  • Young business completes $1 million round in funding

    Lauren Hertzler
    17 Apr 2014 | 2:30 pm
    Thanks to Robin Hood Ventures, Investors’ Circle, and several other investors in the city, LUXTECH has officially completed a $1 million round of funding. The Navy Yard-based business produces next-generation light bulbs. The LED module it creates has a longer lifetime and lower energy consumption, among many other benefits, compared to well-known incandescent light sources or even compact fluorescent light bulbs. LUXTECH’s clients are typically lighting fixture manufacturers. The company,…
  • Values-based leadership: How to guide others to self-empowerment

    Kelly A. Meerbott
    17 Apr 2014 | 2:09 pm
    It isn't hard to determine that today's corporate business environment suffers from its own version of Global Warming – a buzzing miasma of nano-second mergers, crazy-smart startups, and equally crazy-dumb failures, scandals, and bankruptcies. All of these daily events were predicted in the 1980s by cyberpunk (a science fiction subgenre) authors: William Gibson, Bruce Sterling, Rudy Rucker, John Shirley and Lewis Shiner. Their observations and warnings were often ridiculed. Many of the current…
  • Reports: Donovan McNabb arrested

    17 Apr 2014 | 12:26 pm
    AZfamily.com is reporting that Donovan McNabb has been arrested in Arizona. The TV news station says that McNabb's mugshot has been released by the Maricopa County Sheriff's office. No word yet on charges. Here is some  information on the case from the Maricopa County Justice Courts. The case type is described as "Criminal Traffic." Many Eagles fans will certainly be shocked to hear of McNabb's arrest, given his ability to stay out of trouble as a player and his calm, cool attitude in handling…
  • Einstein residents once again champs of Jeopardy-style medical competition

    John George
    17 Apr 2014 | 12:01 pm
    A team of medical residents from Einstein Medical Center in Philadelphia has once again won the American College of Physicians’ jeopardy-style medical competition called “Doctor’s Dilemma.” Team Einstein has been to the national tournament seven times — and won in 1997, 1998, 2007, 2012, 2013 and 2014. This year, Einstein’s squad beat out 40 other teams from around the country to take the title. The final category was “Neurology” and the final clue was: "Cause of cognitive disturbance…
  • Walhberg brothers plan to expand burger restaurants in Philadelphia

    Peter Van Allen
    17 Apr 2014 | 10:31 am
    Wahlburgers — a burger joint owned by celebrity brothers Mark and Donnie Wahlberg and their chef brother Paul — said it hopes to open five locations in Philadelphia. One is slated to open at an unnamed location here later this year. Under a franchise agreement with Hingham Associates LLC of Hingham, Mass., Boston and Toronto will also get locations of the fast-casual burger chain. Right now, Wahlburgers has a location in Hingham, in the South Shore area near Boston, though others are planned…
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    Phoenix Business News - Local Phoenix News | The Business Journal of Phoenix

  • Arizona school voucher program remains unchanged after failed legislative vote

    17 Apr 2014 | 9:09 pm
    A planned expansion of the Arizona school voucher program didn't get enough support to pass through the House of Representatives. The Arizona Daily Star reported House Bill 2291 died after six Republicans voted against it. It would have allowed as many as 120,000 low-income students into the existing program. Such a move could have been a boon for various schools. Click here to read more.
  • F-35 cuts, drops in Raytheon, Boeing orders part of defense cut plan

    17 Apr 2014 | 9:09 pm
    Arizona could see some impact from planned defense cuts, including fewer F-35s entering service, less missiles built by Raytheon in Tucson, and fewer helicopter refurbishments by Boeing in Mesa. Bloomberg reported the government may cut 17 F-35s, a savings of $1.7 billion. Also on the potential chopping block are trimming the number of Amraam missiles made by Raytheon from 2,268 to 1,737. The U.S. Department of Defense would also scale back refurbishments of some AH-64 helicopters at Boeing in…
  • IRS raids Luxor Auto Group in Scotttsdale

    17 Apr 2014 | 9:08 pm
    Luxor Auto Group in Scottsdale was raided by Internal Revenue Service agents on Wednesday, but no one is commenting on what they were looking for. KTAR.com and the Associated press said the group's offices were investigated and IRS agents along with Scottsdale police were seen carrying out boxes. Click here to read more.
  • 10/13 Communications continues paper buying in Tucson

    17 Apr 2014 | 9:08 pm
    Two Tucson papers have a new owner as 10/13 Communications has agreed to purchase Inside Tucson Business and Tucson Weekly from Wick Communications. The East Valley Tribune, which is also owned by 10/13, reported the financial details of the transaction were not announced. It's the second time this month 10/13 has purchased Tucson papers. It bought the Marana News, Foothills News, Desert Times and other properties from Tucson West Publishing Inc., a division of News Media Corp. Click here to read…
  • Tesla growing in auto industry influence

    17 Apr 2014 | 9:08 pm
    Tesla Motors Inc. is growing in its influence in the auto industry, ranking sixth in a new study. USA Today said the study by Appinions uses various sources to see which companies are influencing the others. Tesla is have some outsized influence, considering the five above it are General Motors, Ford, Chrysler, Toyota and Volkswagen. Behind it are Honda, BMW and others. The company has Arizona on a short list for a $5 billion battery factory. Click here to read more.
 
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    Pittsburgh Business News - Local Pittsburgh News | The Pittsburgh Business Times

  • Big day for PPG Industries — record financials, annual meeting and stock price zooms

    Patty Tascarella
    17 Apr 2014 | 3:42 pm
    PPG Industries Inc. stock hit $200 per share during Thursday trading.  It was a big day for the Pittsburgh-based company, which reported record first quarter net sales and net income and increased its common share dividend by 6 cents to 67 cents per share to the delight of shareholders at the annual meeting. “Our focus this year remains on growing the company,” Chairman and CEO Charles Bunch told shareholders at the meeting, held at the Fairmont Hotel in downtown Pittsburgh. “To help drive…
  • Suresh: 36 companies expected to spin out of Carnegie Mellon this year

    Tim Schooley
    17 Apr 2014 | 3:36 pm
    One notable presence at the groundbreaking for a new 217,000-square-foot office building at Bakery Square was Subra Suresh. Suresh, who is a little more than a year into his tenure as president at Carnegie Mellon University, joins CMU at a time when Bakery Square is in its final stages of redevelopment. He spoke Thursday morning along with the leadership of Walnut Capital Partners and local politicians. “Carnegie Mellon and Bakery Square have had a really strong, close and transformational relationship,”…
  • Chapman Properties to build new facility for National Oilwell Varco

    Tim Schooley
    17 Apr 2014 | 3:12 pm
    Leetsdale-based Chapman Properties has reached an agreement on a ten-year lease with National Oilwell Varco for a new service and support facility at Leetsdale Industrial Park. Chapman will build a 27,000-square-foot building for NOV on a five-acre parcel near the entrance of the business park. NOV, which makes and sells oil and gas equipment, expects the new building to be operating by early fall. The new facility will “specialize in servicing field equipment and will include a fast-area service…
  • CMU, AlphaLab startup gets recognition

    Stephanie Novak
    17 Apr 2014 | 1:43 pm
    A startup with roots at Carnegie Mellon University and Innovation Works accelerator AlphaLab is getting attention beyond its Pittsburgh home. SolePower LLC, co-founded by two CMU students in 2012, won a Popular Science 2014 Invention Award this month. In March, the company won the Africa Energy Award for Innovator of the year. The company’s co-founders, Matt Stanton and Hahna Alexander, both graduated with bachelors and masters degrees in mechanical engineering from Carnegie Mellon in December…
  • Pittsburgh 100 execs: Hard work, customer focus key to growth

    Patty Tascarella
    17 Apr 2014 | 1:31 pm
    “Secrets of Pittsburgh’s Fastest-Growing Companies,” a panel discussion featuring top executives from three of the 2013 Pittsburgh 100, revealed that there’s nothing secretive about their top strategies even though their companies are very different. Dawn Kaelin Gunning, president, Gunning Inc.; Bill Baker, president and CEO, Irwin Car & Equipment; and John Sebastian, executive vice president, dck worldwide LLC, all agreed that it comes down to working and and focusing on what customers…
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    Portland Business News - Local Portland News | The Portland Business Journal

  • As deal closes, Umpqua readies for $22 billion challenge

    Matthew Kish
    17 Apr 2014 | 2:46 pm
    The phone in Umpqua Bank CEO Ray Davis' office will ring 200 times this week. Each time, Davis will answer the phone and have a similar conversation. "Just making sure this phone works," the caller will say. "Yes," Davis will say. Each of the calls will come from a phone being installed at a Sterling Bank branch.  Umpqua's $2 billion acquisition of Spokane-based Sterling closes Friday. Per Umpqua custom, each of the now-Sterling branches will have a phone that dials directly to Davis' desk.  The…
  • Nike taps Gilt CEO for its board of directors

    Andy Giegerich
    17 Apr 2014 | 2:36 pm
    Nike has named an online retailing leader to its board of directors. Michelle Peluso has been appointed to the Board and will likely offer the e-tailing viewpoint she’s honed during her years as Gilt’s CEO. The site offers members access to “merchandise and experiences every day, at insider prices.” “Michelle’s leadership experience in marketing, branding, innovation, and digital media for global brands makes her an outstanding addition to our board,” said Nike’s Phil Knight. “We…
  • How former Blazer Brian Grant rescued Karl Malone in an Alaskan bar

    Andy Giegerich
    17 Apr 2014 | 2:29 pm
    I’ve closely watched the Portland Trail Blazers since the 1998-99 season. It was an important campaign in the team’s history. It was the year that Portland reached the Western Conference finals with a unit that included Rasheed Wallace, Arvydas Sabonis and Damon Stoudamire. There was also a remarkable lunch-pail player on that team named Brian Grant. Grant was the fan favorite during his tenure in Portland for his grind-it-out play (and early, for NBA players, adoption of dreadlocks). He was…
  • Meet the Portland doctor that's among the nation's top 25 minority health care leaders

    Elizabeth Hayes
    17 Apr 2014 | 2:07 pm
    Dr. George Brown, president and CEO of Legacy Health, was selected by Modern Healthcare for its 2014 list of the Top 25 Minorities in Healthcare. Brown, 66, has led the five-hospital Legacy system since 2008. He was a founding member and chair of the Tri-County Medicaid Collaborative, which became Health Share of Oregon, the state’s largest Coordinated Care Organization. He chairs Health Share and sits on the board of Cover Oregon, where he also chairs the executive search committee. He has been…
  • Here's why Mark King is a logical choice to head Adidas America

    Matthew Kish
    17 Apr 2014 | 1:31 pm
    The fourth sentence of the corporate biography of  new Adidas America President Mark King says a lot about why he likely got the job. King has been CEO of TaylorMade-Adidas Golf since 2003. In that time, sales from Adidas' golf division more than doubled under his leadership to nearly $1.8 billion.  That's exactly the skill set Adidas America needs. The company is in the middle of a  bruising battle with rival Nike. Once in Portland, King will oversee Adidas' business in North America…
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    Raleigh Business News - Local Raleigh News | The Triangle Business Journal

  • Wake County teacher resignations pile up to 'alarming' degree

    Jason deBruyn
    17 Apr 2014 | 2:20 pm
    More than 600 Wake County school teachers have resigned just since the first of the school year, something the Wake County Public School System called “alarming.” Resignations have risen sharply through the years, with more than twice the number of resignations this year as in the 2010-11 school year and a 41 percent increase from last year. Teacher pay has stagnated in recent years as statewide budget cuts have rolled downhill, something Gov. Pat McCrory has recently highlighted. A group of…
  • This Durham CEO isn't your average real estate developer

    Dawn Kurry
    17 Apr 2014 | 2:03 pm
    Not all developers chop up property and erect buildings. Jeff Fisher, CEO and majority owner of Unique Places in Durham, sort of does the opposite. “I’m fine with being called a developer, I’m just developing in a different way,” he says to me over coffee in Chapel Hill. He says the DNA of Unique Places was his experience with land trust conservancies, applying those principles to the land that his clients ask him to manage. The firm focuses on conservation-driven real estate consulting…
  • 'Like' Cheerios? You just signed away your right to sue General Mills

    Mark Reilly
    17 Apr 2014 | 1:39 pm
    Any of you who are thinking about suing General Mills Inc. in the near future: You might want to rethink that breakfast of Wheaties or Lucky Charms. Eating them could be legally binding. (Even reading this story could be dangerous.) That's because the Minnesota-based company, which has been peppered with consumer lawsuits over the past couple of years, has  just changed its privacy terms on its website to say that consumers who download coupons, join in its online social-media communities — or…
  • Republic Wireless' Moto G launch knocks down another cost barrier

    Lauren K. Ohnesorge
    17 Apr 2014 | 1:16 pm
    David Morken and team took down yet another barrier between consumers and Wi-Fi-based Republic Wireless today: Hardware cost. Morken, CEO of Raleigh's Bandwidth, whose Republic Wireless division is using a Wi-Fi-backed smartphone service to attack institutional players such as Verizon and AT&T, told me that Thursday's launch of the Moto G - priced at $149 with a no-contract option - gives customers a more affordable incentive to jump aboard. “Not everyone can afford the Moto X,” he says, referring…
  • Asheville tech entrepreneur targets the Triangle with local retail rewards app

    Dawn Kurry
    17 Apr 2014 | 1:05 pm
    While interviewing Jeff Fisher, CEO of Durham land development and conservation company Unique Places, I learned about an app coming to the Triangle later this year that will allow shoppers who are loyal to local businesses to earn rewards. The app is called LoLo, and it was developed by Fisher's friend, Clark Harris, an Asheville technology entrepreneur who has been building tools to help small businesses grow their online presence for the last seven years. “You can be a local anywhere,” is…
 
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    Sacramento Business News - Local Sacramento News | The Sacramento Business Journal

  • Growing company goes from renting to owning industrial building

    Ben van der Meer
    17 Apr 2014 | 2:27 pm
    Another growing company has gone from renter to owner, by buying a nearly 33,000-square-foot industrial building in Rancho Cordova for $2.3 million. Senior vice president Peter Winterling of Cornish & Carey Commercial Newmark Knight Frank, who handled the seller’s side of the deal, said there’s more than one good sign to take away from the deal. “It’s good to see companies, number one, doing good, and number two, making an investment in the future,” Winterling said of the deal, which…
  • Local banks report moderate earnings

    Mark Anderson
    17 Apr 2014 | 2:12 pm
    Earnings, assets and loans grew moderately at a the Sacramento banks that reported earnings today. River City Bank earned $2.8 million in the first quarter, up 10 percent from earning $2.5 million the Sacramento based bank earned in the same period last year. The bank’s total gross loans were $691 million at March 31, up 10 percent in gross loans from the year earlier period. The bank did see a decline in its loan gross from the end of the year due to an early payoff of a single $16 million commercial…
  • Zoning change helps new Roseville retail center

    Ben van der Meer
    17 Apr 2014 | 2:04 pm
    Clearing the last hurdle from a zoning perspective means development of a new retail center in Roseville is that much closer. Though it’s still only got the likely-to-change name of Blue Oaks Retail Center, the proposed project for the 10-acre site at 1498 Blue Oaks Blv.d could get underway by year’s end, with Walgreens as one identified tenant. Richard Sambucetti of Borges Architectural Group, which is the design architect for the project, said other than the drug store, there aren’t tenants…
  • Progress at Cannery Place apartments at Township Nine (Slideshow)

    Ben van der Meer
    17 Apr 2014 | 1:35 pm
    The view from the Cannery Place Apartments under construction in the Township Nine infill redevelopment project is still pretty impressive. Within six months, the first residents will be able to move into the 180-unit project wrapping around a parking garage. Steve Goodwin, president and principal of Township Nine, said he doesn’t foresee lack of demand for the affordable housing Cannery Place project, the market-rate townhomes and apartments or the condos for sale that will follow. Check out…
  • Where health plans stand with Covered California enrollment

    Kathy Robertson
    17 Apr 2014 | 12:57 pm
    Now the historic first open enrollment at Covered California is over, the big surprise in the numbers is that Kaiser Permanente came in fourth among participating health plans. Anthem Blue Cross was first, with 425,058 new members, or 30 percent of statewide enrollment of almost 1.4 million. Blue Shield of California came in second, with 381,457 new members, or 27 percent of the total. Health Net surged past Kaiser in the last month, ending the six-month enrollment period with 264,079 new members…
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    St. Louis Business News - Local St. Louis News | The St. Louis Business Journal

  • Bridgeton Landfill agrees to pay $7 million in class action suit

    Greta Weiderman
    17 Apr 2014 | 2:52 pm
    The Bridgeton Sanitary Landfill agreed on Thursday to pay a settlement of $6.9 million in a class-action lawsuit brought against it by residents who live nearby. The plaintiffs’ attorneys will receive 25 percent of the payment, and the balance will be shared among more than 400 residences near the site. The settlement is subject to final approval by the U.S. District Court of the Eastern District of Missouri at a hearing currently scheduled on Aug. 1. If enough residents decide to opt out of…
  • Is Frank Haith leaving Mizzou?

    Samantha Liss
    17 Apr 2014 | 2:20 pm
    This year’s men’s basketball season at Mizzou was anything but stellar. Now, multiple news outlets, including ESPN and CBS, are reporting that Tulsa is interested in recruiting Frank Haith to be its head basketball coach. Tulsa is willing to pay Faith more than $1 million,  according to CBS Sports. “Frank is looking for a way out of Missouri,” an anonymous source told CBSSports.com said. “This might be it.” At Mizzou, Haith currently earns a guaranteed $1.7 million salary. Haith,…
  • Will Chicago fans outnumber Blues fans at Game 1?

    Samantha Liss
    17 Apr 2014 | 12:58 pm
    There’s a significant difference between Stanley Cup playoff ticket prices for first-round games in Chicago versus in St. Louis, which is prompting more Chicago fans to seek tickets in St. Louis, secondary-market ticket officials said. Ticket prices for the first round in St. Louis are averaging $94, while in Chicago ticket prices are averaging $212, according to Connor Gregoire, spokesman for SeatGeek, a secondary marketplace for ticket sales. During the season, on average, 5 percent to 10 percent…
  • Woodard Cleaning names new president, plans expansion

    Jacob Kirn
    17 Apr 2014 | 12:40 pm
    Woodard Cleaning & Restoration, a residential and commercial carpet cleaner and disaster restoration business, has named Justin Woodard president. Justin Woodard’s father, Charlie Woodard, 59, who has served as president and CEO since 2005, will retain the CEO title and is now also chairman. Justin Woodard, 34, has been with the firm since 2008, according to a company spokeswoman, and previously has served as IT manager, manager of rug plant operations, vice president of operations and CIO. From…
  • Chesterfield VA nurse indicted on fraud charges

    Samantha Liss
    17 Apr 2014 | 12:36 pm
    A Chesterfield nurse has been indicted on charges of fraud and aggravated identity theft, according to the U.S. Attorney’s Office for Eastern District of Missouri. Richard Goldman, 59, worked as a nurse at the John Cochran Medical Center in St. Louis, a division of the U.S. Department of Veterans Affairs. Goldman, who was indicted by a federal grand jury Wednesday, allegedly dispensed pain medication without a doctor’s prescription for his own use and also diverted medicine away from patients…
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    San Antonio Business News - Local San Antonio News | The San Antonio Business Journal

  • Kinder Morgan says it’s racked up commitments for Eagle Ford pipeline

    Sanford Nowlin
    17 Apr 2014 | 2:04 pm
    Pipeline giant Kinder Morgan Energy Partners says it’s secured long-term commitments for two-thirds of the 300,000 barrel-per-day capacity on its Kinder Morgan Crude and Condensate (KMCC) pipeline linking Eagle Ford Shale crude and condensate to the Houston Ship Channel. In a quarterly shareholder update, the Houston-based company also says its  planned investments related to the Eagle Ford now total $1 billion. In January, KMP put its $100 million Sweeny lateral into service, connecting the…
  • Spurs merchandise not a hot commodity despite team’s success

    W. Scott Bailey
    17 Apr 2014 | 2:01 pm
    One would think there would be a stronger demand for San Antonio Spurs merchandise, considering the team’s on-court success. Yet the NBA team with the best regular-season record and arguably the best shot at making a return trip to the Finals, ranks ninth in sales of jerseys, caps and other assorted items. Two teams that failed to make the playoffs — the Los Angeles Lakers and Boston Celtics — moved more merchandise this season. No Spurs player made the top 10 list for jersey sales. Tim…
  • DCS opens Eagle Ford operation that will hire up to 70

    Sanford Nowlin
    17 Apr 2014 | 1:00 pm
    Dynamic Construction Services, a provider of technical services to the oil-and-gas industry, has opened an operation in Gonzales with plans to hire up to 70 field technicians. The new, 11,500-square foot facility, located in Gonzales Industrial Park, currently houses 15 on-site personnel. Broussard, La.-based DCS is recruiting an additional 60 to 70 technicians, who will work on projects in the Eagle Ford Shale energy play. DCS works on instrumentation, electrical systems and safety gear for well…
  • Top 5 Easter items consumers will purchase this year, slideshow

    Tricia Lynn Silva
    17 Apr 2014 | 12:27 pm
    Consumers are still taking a  conservative approach when it comes to spending money on special occasions. For example, the average American celebrating Easter will spend $137.46 on apparel, food and other items, according to the latest analysis by Washington, D.C.-based National Retail Federation (NRF). By comparison,  last year, the average bill for Easter items came out to $145.13. Even the number of Americans who plan to celebrate has declined — down from 83 percent last Easter, to the…
  • Most stores on CST’s sales block are in Texas — but none in San Antonio

    Sanford Nowlin
    17 Apr 2014 | 12:22 pm
    Convenience-store chain CST Brands Inc., which recently said it’s selling 100 retail outlets, has identified their locations — and the majority are in Texas. None are in San Antonio, however, where the company is headquartered. CST this spring  hired outside consultant NRC Realty & Capital Advisors to help it unload some of its smaller Corner Stores gas-and-groceries outlets. The real estate firm now lists all the available store locations  on its website. CST is unloading 61 stores in Texas,…
 
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    San Francisco Business News - Local San Francisco News | The San Francisco Business Times

  • Best Places to Work 2014

    James Dunn
    17 Apr 2014 | 3:18 pm
    Click on the slideshow to see this year's rankings of the Best Places to Work in the Bay Area. Companies are organized by size into five categories, from extra-large (XL) to extra-small (XS). This year we asked top executives from each company to share their glimpses of what makes their companies great places to work, what inspires fun, and what forms the core of their leadership philosophy. Looking for a great place to work? Check these out.
  • S.F.'s Hotel California plans major renovation after $27 million sale

    Annie Sciacca
    17 Apr 2014 | 2:54 pm
    A Washington-based hospitality group entered the San Francisco hotel market recently when it acquired the Hotel California, a 101-year-old, 83-room hotel at the corner of Geary Boulevard and Jones Street. Pineapple Hospitality, a hotel management company headquartered in Bellevue, Wash., purchased the Hotel California, which was affiliated with Best Western, from Rick Butler of Geary Street Properties for $27 million. A large renovation and redesign of the seven-story hotel is planned for next…
  • La Boulange expansion rises with opening of 22nd bakery-café

    Annie Sciacca
    17 Apr 2014 | 2:51 pm
    La Boulange, San Francisco’s homegrown bakery-café that is now owned by Starbucks, opened a new location in the city's West Portal neighborhood today. Taking over a 2,700 square-foot space previously occupied by the St. Francis Market at 16 West Portal Ave., La Boulange de West Portal is the bakery chain’s 22 nd location, with 15 throughout San Francisco, two in Marin, three in the East Bay and one on the Peninsula. Like some of its restaurants, La Boulange de West Portal will feature a full…
  • Smartphone theft nearly doubled in 2013

    Patrick Hoge
    17 Apr 2014 | 2:35 pm
    Thefts of smartphones nearly doubled in the United States last year, and San Francisco District Attorney George Gascón and New York Attorney General Eric T. Schneiderman seized on the report to increase pressure on manufacturers to sell phones that allow someone to disable stolen devices and wipe the user's personal information remotely.  Smartphone thefts rose from 1.6 million in 2012 to 3.1 million, according to data gathered by Consumer Reports. CTIA, the wireless industry's trade association,…
  • Lending Club buys traditional lender to finance private school tuition and medical procedures

    Mark Calvey
    17 Apr 2014 | 2:20 pm
    San Francisco-based Lending Club purchased Springstone Financial to expand into financing private school education and elective medical and dental procedures through a network of more than 14,000 schools and healthcare providers. The $140 million acquisition is the first for Lending Club, which has facilitated more than $4 billion in loans since opening its doors in 2007. "Parents looking to finance their children's education and patients undergoing elective procedures will now have access to Lending…
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    San Jose Business News - Local San Jose News | The Silicon Valley / San Jose Business Journal

  • Mi Pueblo 'confident' as it awaits bankruptcy exit approval

    Nathan Donato-Weinstein
    17 Apr 2014 | 3:02 pm
    Mi Pueblo Foods said Thursday it was "confident" it would successfully emerge from bankruptcy, two days after filing a reorganization plan that relies on a very quick approval. "The plan submitted to the federal bankruptcy court this week positions Mi Pueblo well to move forward and to refocus on its core mission — to provide our customers with authentic products and services that are of the highest quality and freshness," company spokeswoman Perla Rodriguez said. "While there is still work…
  • Saleen wants to turn your Tesla Model S into a hot rod

    Eric Van Susteren
    17 Apr 2014 | 2:59 pm
    Thirsting for even better performance from your Tesla Model S? Saleen Automotive, a Corona, Calif.-based specialty auto manufacturer, has plans to soup-up the electric car.  The company said it expects its first Saleen Model S to be completed by summer. Saleen has built its reputation among auto enthusiasts by improving the performance of sport and muscle cars, including Ford Mustangs and Dodge Challengers.  Saleen released images of what your Model S could look like after an overhaul (see slideshow). "As…
  • Irvine Co. signs quintet of Santa Clara leases, bags Erik's Delicafe

    Nathan Donato-Weinstein
    17 Apr 2014 | 2:49 pm
    Irvine Company is finding that going multitenant is paying off at Santa Clara Gateway. Irvine’s huge spec project at Highway 237 and Great America Parkway has signed more than 50,000 square feet worth of deals in recent months at its multitenant building at 5451 Great America Parkway. The biggest: GoerTek Electronics Inc., which inked a full-floor lease for 30,000 square feet on April 14. In addition, three office tenants leased smaller chunks of Irvine’s “move-in-ready” space, which the…
  • Senator Al Franken asks Netflix CEO Hastings to fight Comcast-Time Warner Cable merger

    Michael del Castillo
    17 Apr 2014 | 12:29 pm
    Al Franken, the Democratic senator from Minnesota and former Saturday Night Live funny man, yesterday sent Netflix CEO Reed Hastings a letter asking him to take a public stance on the proposed merger of Comcast and Time Warner Cable. The response to that letter could influence the ability of startups to get equal access to broadband as normal citizens. "My concern is that Comcast will be able to use its clout in the broadband distribution market to obtain an anticompetitive advantage in the content…
  • Dropbox buys fellow Y Combinator startups Loom, Hackpad

    Cromwell Schubarth
    17 Apr 2014 | 12:22 pm
    Dropbox has acquired a pair of fellow Y Combinator startups that moved to San Francisco after graduating in YC's Winter 2012 batch, Hackpad and Loom. No price was disclosed in either deal. The Loom acquisition comes interestingly just days after Dropbox unveiled carousel, its own photo management and sharing feature. Loom offers a photo and video storage service aimed at Apple device users. The company was co-founded by Jan Senderek, Philip Wein and Daniel Wagner. It raised $1.4 million in October…
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    Seattle Business News - Local Seattle News | The Puget Sound Business Journal

  • UW Medicine, Hutch feel the pinch of federal cutbacks

    Valerie Bauman
    17 Apr 2014 | 3:00 pm
    With declining federal grants, private donations are more critical than ever for medical research, driving more institutions to look to their wealthy neighbors as potential benefactors. In Seattle, that is most evident in the ongoing effort by UW Medicine and the Fred Hutchinson Cancer Research Center to persuade this region’s wealthiest residents to make major commitments to cancer research. So far, the joint effort has raised $116 million, but in primarily smaller donations of $3 million or…
  • Of pizza, tacos and apartments on Seattle's Capitol Hill

    Marc Stiles
    17 Apr 2014 | 2:57 pm
    First the  Piecora's Pizza property sold. Now the site where Taco Time operated across the street has a new owner. Public records show the Taco Time property sold for $3.6 million. The new owner is a Seattle limited liability company named for the address of the property: 1420 E. Madison St. The LLC is affiliated with a company called Metropolitan Homes, said a real estate broker who worked on the deal. The LLC's registered agent, John Links of Seattle, could not immediately be reached. The…
  • Conquering cancer: Knight, Bezos, OHSU, Fred Hutch, UW put Pacific Northwest on the map

    Rob Smith
    17 Apr 2014 | 1:53 pm
    The Puget Sound region has always been known for cutting-edge cancer research. The momentum is now reaching new heights throughout the Pacific Northwest. As Puget Sound Business Journal staff writer Valerie Bauman reported, UW Medicine and the Fred Hutchinson Cancer Research Center  have raised a staggering $116.3 million in just 18 months,  including a critical $20 million gift from Amazon founder Jeff Bezos. This is just the beginning. It’s been rumored that up to $250 million could be raised. Down…
  • 'Pineapple express' bringing $70 million hotel to downtown Seattle

    Marc Stiles
    17 Apr 2014 | 1:44 pm
    Pineapple Hospitality Co. President Michelle Barnet said Thursday that she plans to develop a hotel tower at Second Avenue and Virginia Street. Early plans call for an approximately 200-room Hotel Clare, named for Barnet's mom, Diane Clare Foreman. The number of stories has not been finalized. "We will probably be out of the ground in early 2016," Barnet said. The project will take around two years to build and cost around $70 million, including the value of the land, she added. The announcement…
  • Building jetliners harder than building spacecraft, Jim Albaugh says

    Steve Wilhelm
    17 Apr 2014 | 1:19 pm
    Building a Boeing aircraft is more complex than building a spacecraft. That was a startling statement by former Boeing Commercial Airplanes CEO Jim Albaugh, at a unique gathering of senior aerospace engineers at the Museum of Flight last week. Albaugh is in a position to know, because he capped a career running Boeing’s defense division with a stint at the head of Boeing’s commercial aircraft unit. “I would contend developing a commercial airplane is more difficult than a spacecraft,”…
 
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    South Florida Business News - Local South Florida News | The South Florida Business Journal

  • Capital Bank earns $11M in first quarter

    Brian Bandell
    17 Apr 2014 | 2:07 pm
    Capital Bank Financial Corp. saw its first quarter income dip from the fourth quarter, but it looked much better compared to a year ago. The Coral Gables-based bank (NASDAQ: CBF) had net income of $11.4 million in the first quarter. That’s down from net income of $12.2 million in the first quarter but up from net income of $5.8 million in the first quarter of 2013. The one-time expenses at the bank in the first quarter this year included $500,000 in compensation for the company’s founders and…
  • Miami one of the least affordable cities for renters - slideshow

    Shaun Bevan
    17 Apr 2014 | 11:51 am
    Median rent prices have surpassed the affordability threshold for middle-income families in more than 90 cities, including Miami, which ranked near the top of a list of the least affordable U.S. cities by the  New York Times. In order for rent and utilities to be considered affordable, they must make up 30 percent or less of a household's income. Nevertheless, the median rent alone exceeds 30 percent in nearly 100 cities nationwide.  According to the Times, nationally, half of all renters…
  • Jackson Health System profits declining as budget pressure looms

    Brian Bandell
    17 Apr 2014 | 11:49 am
    Jackson Health System saw its profits take a dip in the first half of its fiscal year as its leaders worry about suffering major losses from changes to state funding formulas. Miami-Dade County’s public health system earned $8.8 million on revenue of $559.1 million for the six months ended March 31. That’s down from earnings of $12.1 million on revenue of $566.1 million in the same period a year ago. However, it did beat JHS’s budget projection of a $3.1 million profit. A $5.8 million increase…
  • Price tag for Tommy Hilfiger’s Raleigh Hotel purchase revealed

    17 Apr 2014 | 11:19 am
    A company controlled by fashion icon Tommy Hilfiger paid $56.6 million for the Raleigh Hotel in Miami Beach, according to county records. The 105-room hotel at 1775 Collins Ave. was sold by David Edelstein and Sam Nazarian’s Twice Around 1775 LLC to Elmira Miami, which is managed by Hilfiger and David Pisor. That’s a shade more than the $55 million the property traded for in late 2012. RELATED CONTENT: Tommy Hilfiger closes deal to buy Raleigh Hotel The deal included assigning a mortgage from…
  • Scripps scientists win $2M research grant

    Brian Bandell
    17 Apr 2014 | 11:06 am
    Scripps Research Institute scientists in Jupiter won a $2.1 million grant to search for an anti-diabetes drug. The National Institutes of Health provided the five-year grant to a team led by Douglas Kojetin, an associate professor. They aim to create a version of two currently available diabetes drugs that have fewer side effects. RELATED CONTENT: Scripps partners with Johnson & Johnson to spur new companies Actos and Avandia both raise the body’s sensitivity to insulin so sugar is more easily…
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    Tampa Business News - Local Tampa News | The Tampa Bay Business Journal

  • Done deals: retail in Tampa; industrial in Tampa and Brandon

    Eric Snider
    17 Apr 2014 | 2:43 pm
    The Sprint Store on Kennedy Boulevard between Dale Mabry Highway and MacDill Avenue has changed hands for $1.25 million, or $325 per square foot. Rafael Wright and Jonathan Graber represented the buyer, Vista Equity Group LLC, a local investor. The seller was Alexander James M Trustee, a national investor. Other deals: Family Ford Inc. has purchased a 145,000-square-foot, tilt-wall industrial space at 8700 Adamo Drive in Brandon for $4.3 million ($29.73 psf). The property sits on 19.71 acres. Temple…
  • Business recruiting at GEOINT: Even in April, it’s still about the weather

    Chris Wilkerson
    17 Apr 2014 | 11:53 am
    Watching a line of convention-goers at the Tampa Bay Business Pavilion inside the GEOINT 2013* Symposium wait for hand-rolled cigars, economic development executives joked that a recurring discussion theme on the convention hall was how unusually cold it is back home. Business recruiters like Steve Morey of the Tampa Hillsborough Economic Development Corp. and Brig. Gen. (Ret.) Chip Diehl of the Tampa Bay Defense Alliance saw the three-time contract for Tampa to host this convention as a great opportunity…
  • FDIC sues former officers, directors of Superior Bank

    Margie Manning
    17 Apr 2014 | 11:49 am
    A lawsuit filed by the Federal Deposit Insurance Corp. in federal court in Tampa takes aim at the former officers and directors of Superior Bank. The suit alleges the executives and directors had “reckless” lending practices that led to the failure of the bank and cost the FDIC’s insurance fund millions of dollars, the Birmingham Business Journal reported. The lawsuit seeks to recover at least $44 million, according to the Business Journal. Superior moved its headquarters from Birmingham…
  • Maloney’s, the Hideaway to open at Grand Central

    Margaret Cashill
    17 Apr 2014 | 11:30 am
    Two Bay area restaurants will share a space previously occupied by Ragin’ Sports Bar & Grill in Tampa. The roughly 5,000-square-foot space is on the ground floor of Grand Central at 1120 E. Kennedy Boulevard. Maloney’s Local Irish Pub and the Hideaway, a craft beer, wine and spirits bar, will occupy a contiguous space and share bathroom and kitchen facilities, said Chris Parrado of A.L. Commercial Inc., who brokered the deal. Maloney’s has a location in Westchase and the Hideaway has a location…
  • Brown & Brown has $1.3B debt deal to help pay for Wright Insurance

    Margie Manning
    17 Apr 2014 | 10:46 am
    Brown & Brown Inc. plans to finance the purchase of The Wright Insurance Group with some of the funding available to it under a new $1.35 billion credit facility. Brown signed the debt deal with a syndicate of financial institutions, led by JPMorgan Chase Bank, and including Bank of America, Royal Bank of Canada and SunTrust Bank. Under the agreement, Brown can borrow up to $800 million in a revolving credit facility and $550 million in term loans, a statement said. Brown previously said it would…
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    Washington, D.C. Business News - Local Washington, D.C. News | The Washington Business Journal

  • In slow start, D.C. region raises $217.5M in first-quarter venture

    Bill Flook
    17 Apr 2014 | 9:01 pm
    The exuberance of last year's  record D.C. region venture totals waned somewhat in the first three months of 2014, with 43 companies raising a collective $217.5 million, according to the MoneyTree report released Friday by PricewaterhouseCoopers and the National Venture Capital Association. The total represents an 18 percent drop compared with the same period last year, and a 31 percent fall from the fourth quarter of 2013. Leading the total so far this year was Appian Corp, a Reston-based…
  • Outdated proposal? No problem.

    William Welch
    17 Apr 2014 | 6:44 pm
    When the Government Accountability Office sustains a protest or when an agency takes corrective action in response to a protest, the agency will often re-evaluate existing proposals without amending the solicitation or asking for final revisions. How can an agency do that when the proposals have expired or are so out of date that the contractors can no longer produce what they promised in the proposal? GAO leaves that to the agency to figure out. Protesting contractor: Logistics 2020 Inc., of Chester,…
  • One scary comparison: One night's hospital stay in the U.S. vs. rest of the world

    Tina Reed
    17 Apr 2014 | 3:21 pm
    We probably didn’t need another study to tell us that health care is the U.S. is expensive. But we may not have realized just how expensive until now. Data released Thursday by the International Federation of Health Plans points out it costs more — way more — in the U.S. for common drugs and procedures than in eight other developed nations around the world. According to the report, the average cost of one night’s hospital stay is $4,293 in the U.S., nearly double New Zealand’s $2,491…
  • Affordable Care Act sign-ups reach 8 million, Obama says

    Tina Reed
    17 Apr 2014 | 2:53 pm
    Better late than never?  Sign-ups under the Affordable Care Act have surpassed 8 million — or 1 million more than original projections, President Barack Obama announced during a briefing at the White House Thursday afternoon. Crediting a surge of sign-ups that came during the two weeks after the open enrollment period was set to end on March 31, Obama said: “This thing is working.” He can, in part, thank folks from the nation's capital and Maryland. D.C.'s health insurance exchange reported…
  • Roadside assistance startup Urgent.ly raises seed cash, preps for Series A

    Bill Flook
    17 Apr 2014 | 2:35 pm
    When we last left off with Urgnt.ly two years ago, the Northern Virginia startup was building a web- and iOS-based home services-finder that could quickly locate roofers, repairmen and other professionals and overlay their whereabouts over Google Maps. It had, as was the custom for startups at the time, misplaced the middle vowel in its name. Today, Urgent.ly is fresh off a more than $500,000 seed raise (more on that below) and preparing for a larger Series A round, after spending last year recruiting…
 
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    Wichita Business News - Local Wichita News | The Wichita Business Journal

  • WDM Architects designing plans to convert former school, church site in Derby into a $5.8M park

    Josh Heck
    17 Apr 2014 | 2:53 pm
    WDM Architects is working with the city of Derby on plans for a new park there. It will be called the Madison Avenue Central Park, and construction on the $5.8 million project is expected to start in early 2015. Located near Madison and North Westview Dr. in Derby, the park will offer a central meeting place for residents, a new event venue, a playground and a splash pad. Plans also call for an outside classroom, and a one-half mile path for hiking and biking. Dan Wilson, a partner and co-founder…
  • SBA selects 15 Wichita-area business leaders for leadership training program

    Josh Heck
    17 Apr 2014 | 12:56 pm
    The Small Business Administration in Wichita will kick off its new leadership-training program next week. Fifteen area business professionals have been selected to participate in the program, which is targeting business leaders whose companies are poised for growth. I reported  in January about the Wichita office of the SBA being selected to participate in the leadership-training program for the first time. Michael Aumack, economic development specialist with the SBA’s Wichita office, says…
  • QuikTrip adding full-service kitchens to Wichita-area stores

    Josh Heck
    17 Apr 2014 | 12:49 pm
    Full-service kitchens are being added to a handful of Wichita-area QuikTrip stores as the Tulsa-based company moves forward with its facilities-improvement plan. In recent weeks, the company has been pulling building permits to add more of the QT Kitchens to its stores. Stores at 1010 E. Douglas and 11223 E. Central are among those. The building permit listings for those two projects will appear in the Leads section of this week’s weekly edition of the Wichita Business Journal. Each project…
  • Sequestration threatens to trim programs with Wichita ties, warns DOD

    Daniel McCoy
    17 Apr 2014 | 12:30 pm
    The Department of Defense this week warned that military suppliers could face a major hit to the bottom line over the next five years due to sequestration. Among those programs that could be trimmed are several aircraft with important ties to Wichita. According to the DOD’s  36-page report, the services would acquire five fewer KC-46 tankers and six fewer P-8A Poseidon aircraft during the five-year budget plan if Congress doesn’t repeal the mandatory budget cuts. Both those aircraft are…
  • WBJ Best in Business winners announced

    Emily Behlmann
    17 Apr 2014 | 9:28 am
    The Wichita Business Journal honored 13 finalists at its Best in Business program on Thursday and presented awards to five winners. Winners include: Envision.  House of Schwan.  Hyspeco.  Wichita Luxury Collection.  Yingling Aviation.  The Best in Business competition recognizes privately held Wichita-area companies for revenue growth, community involvement, and marketing and product innovation. The five winners will travel to California wine country on a trip sponsored by UMB Bank. Profiles…
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