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  • Raytheon acquires Arizona drone maker Sensintel

    National Business News - Local Business News | bizjournals
    Sara Castellanos
    29 Jan 2015 | 8:46 pm
    Raytheon, a defense contractor with a presence in Tucson, earlier this week said it had acquired drone maker Sensintel Inc. Terms of the acquisition were not disclosed. Tuscon-based Sensintel was founded in 1989 and had 50 employees, who will become part of Raytheon Co.'s Missile Systems business. The acquisition wasn't expected to materially impact Raytheon's quarterly or full-year earnings. "Sensintel's expertise in unmanned aircraft systems solutions makes it a natural fit with Raytheon's…
  • Manitowoc Co. plans to split its cranes, food-service businesses

    Business News from the Midwest - bizjournals.com
    David Schuyler
    29 Jan 2015 | 7:19 pm
    The Manitowoc Co. Inc. said Thursday that it intends to split its two businesses - construction cranes and food service equipment - by spinning off one of the units into a separate publicly owned company. Manitowoc-based Manitowoc Co. (NYSE: MTW) said its board has approved a plan that, for now, would separate the food service unit through a tax-free spin-off expected to be completed in the first quarter of 2016. The announcement comes just weeks after billionaire activist investor Carl Icahn revealed…
  • Want Super Bowl tickets? Better hurry: Fewer than 225 seats left

    Bizjournals.com Northwest RSS Feed
    Patti Payne
    29 Jan 2015 | 8:28 pm
    If you are still looking for Super Bowl tickets, you will have to look hard. And be prepared to pay top dollar. Connor Gregoire, analyst for SeatGeek.com, a website that provides search and price forecasting for people who want to buy sports and entertainment event tickets, is in Phoenix in the middle of all the pre-game action. The market tickets to see the Seattle Seahawks take on the New England Patriots at the Super Bowl has gone crazy, he says. There are fewer than 225 tickets available and…
  • Raytheon acquires Arizona drone maker Sensintel

    Business News from Southwest US - bizjournals.com
    Sara Castellanos
    29 Jan 2015 | 8:46 pm
    Raytheon, a defense contractor with a presence in Tucson, earlier this week said it had acquired drone maker Sensintel Inc. Terms of the acquisition were not disclosed. Tuscon-based Sensintel was founded in 1989 and had 50 employees, who will become part of Raytheon Co.'s Missile Systems business. The acquisition wasn't expected to materially impact Raytheon's quarterly or full-year earnings. "Sensintel's expertise in unmanned aircraft systems solutions makes it a natural fit with Raytheon's…
  • Adirondack Flames hockey franchise leaving upstate New York

    Business News from the Northeast US - bizjournals
    Robin K. Cooper
    29 Jan 2015 | 5:46 pm
    The Adirondack Flames minor league hockey team is poised to leave Glens Falls, New York and relocate to Stockton, California after the American Hockey League approved the move. The league announced Thursday that its board of governors has approved the relocation of five franchises to California. Those teams will become part of the league's new Pacific Division. Franchises also will be leaving Manchester, New Hampshire; Worcester, Massachusetts; Norfolk, Virginia and Oklahoma City. The decision…
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    National Business News - Local Business News | bizjournals

  • Raytheon acquires Arizona drone maker Sensintel

    Sara Castellanos
    29 Jan 2015 | 8:46 pm
    Raytheon, a defense contractor with a presence in Tucson, earlier this week said it had acquired drone maker Sensintel Inc. Terms of the acquisition were not disclosed. Tuscon-based Sensintel was founded in 1989 and had 50 employees, who will become part of Raytheon Co.'s Missile Systems business. The acquisition wasn't expected to materially impact Raytheon's quarterly or full-year earnings. "Sensintel's expertise in unmanned aircraft systems solutions makes it a natural fit with Raytheon's…
  • Want Super Bowl tickets? Better hurry: Fewer than 225 seats left

    Patti Payne
    29 Jan 2015 | 8:28 pm
    If you are still looking for Super Bowl tickets, you will have to look hard. And be prepared to pay top dollar. Connor Gregoire, analyst for SeatGeek.com, a website that provides search and price forecasting for people who want to buy sports and entertainment event tickets, is in Phoenix in the middle of all the pre-game action. The market tickets to see the Seattle Seahawks take on the New England Patriots at the Super Bowl has gone crazy, he says. There are fewer than 225 tickets available and…
  • San Francisco Super Bowl committee shadows Arizona crew

    Brandon Brown
    29 Jan 2015 | 8:16 pm
    It is never too early to start thinking about the next Super Bowl. The Super Bowl 50 Host Committee hosted a small media event Thursday night in downtown Phoenix. Host committee executives talked about what they expected for the 2016 Super Bowl scheduled to be played in San Francisco. Super Bowl 50 Host Committee CEO Keith Bruce said the goal is to make the Super Bowl experience uniquely Bay Area. The Super Bowl 50 Host Committee came to Phoenix to shadow the Arizona Super Bowl Host Committee…
  • Colorado important to an enlarged Medtronic

    Greg Avery
    29 Jan 2015 | 8:04 pm
    Medtronic Inc.'s $49.9 billion purchase of Covidien made Colorado the third-largest base of employees for the combined company and a place not likely to see dramatic changes as a result of the deal. The was the take of Chris Cleary, Medtronic's vice president of corporate development, who was key to putting together the deal that closed Monday and made Medtronic the largest medical device company in the world. Medtronic Inc. (NYSE: MDT) now has more than 2,100 employees in the Denver area, primarily…
  • Obama's 'precision medicine' initiative gets Bay Area face

    Ron Leuty
    29 Jan 2015 | 7:33 pm
    As President Barack Obama offers more details on a "precision medicine" plan outlined in last week's State of the Union speech, the Bay Area will have strong representation Friday at the White House and as a growing number of local companies seek to blend health care and Big Data. Two UCSF officials — vice chancellor of research Keith Yamamoto and neurotrauma expert Dr. Geoffrey Manley — are expected to attend Obama's announcement. They will join other academics, scientists and biomedical company…
 
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    Business News from the Midwest - bizjournals.com

  • Manitowoc Co. plans to split its cranes, food-service businesses

    David Schuyler
    29 Jan 2015 | 7:19 pm
    The Manitowoc Co. Inc. said Thursday that it intends to split its two businesses - construction cranes and food service equipment - by spinning off one of the units into a separate publicly owned company. Manitowoc-based Manitowoc Co. (NYSE: MTW) said its board has approved a plan that, for now, would separate the food service unit through a tax-free spin-off expected to be completed in the first quarter of 2016. The announcement comes just weeks after billionaire activist investor Carl Icahn revealed…
  • Menomonee Falls building leased to MTI Electronics sold to Austin buyer

    Sean Ryan
    29 Jan 2015 | 3:45 pm
    A year after Menomonee Falls-based MTI Electronics was acquired by an Austin company, its building was sold in a separate deal to an investor from the same Texas community. Real estate investor AIC Ventures, in Austin, bought the 58,000-square-foot Menomonee Falls building leased to MTI Electronics for $3.25 million, according to Colliers International/Wisconsin, which represented the seller in the deal. The sale closed on Wednesday. A year ago in January, MTI Electronics was acquired by VirTex…
  • Too early to say whether Bucks' new partner Marquette will pitch in for arena funding

    Rich Kirchen
    29 Jan 2015 | 3:43 pm
    Now that the Milwaukee Bucks are partnering with Marquette University for new on-campus athletic facilities, might we anticipate Marquette contributing to a new arena in downtown Milwaukee? It's still too early to say, Marquette president Mike Lovell said in an interview Thursday after his presidential address. "Actually, we've never even had that conversation yet," Lovell said. Lovell said once a final design is complete for the arena, then Marquette will discuss a possible contribution to the…
  • Strattec Security profits up nearly 50% in second quarter

    Tom Held
    29 Jan 2015 | 3:38 pm
    Increased orders from auto manufacturers boosted Strattec Security Corp.'s profit nearly 50 percent in the second quarter, the Glendale-based company said Thursday. Net income for the quarter that ended Dec. 28, 2014, was $5.8 million, or $1.58 per share, up 48.7 percent compared with $3.9 million, or $1.09 per share, a year earlier. Sales increased 39.2 percent to $224.2 million, compared with $161.1 million in the second quarter of 2013. Strattec (Nasdaq: STRT) produces locking systems for the…
  • KC officials: $1B has gone Downtown since streetcar approved

    Austin Alonzo
    29 Jan 2015 | 3:18 pm
    Kansas City officials said more than $1 billion has been invested in Downtown since December 2012. On Thursday, representatives of Kansas City's Business Customer Service Center told the Kansas City Streetcar Authority Inc. board that public and private entities have invested more than $1 billion since the 2.2-mile streetcar district was approved. "I'm not saying that that $1 billion is directly tied to the streetcar," said John Pajor, manager of the center better known as KC Biz Care. "I'm just…
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  • Want Super Bowl tickets? Better hurry: Fewer than 225 seats left

    Patti Payne
    29 Jan 2015 | 8:28 pm
    If you are still looking for Super Bowl tickets, you will have to look hard. And be prepared to pay top dollar. Connor Gregoire, analyst for SeatGeek.com, a website that provides search and price forecasting for people who want to buy sports and entertainment event tickets, is in Phoenix in the middle of all the pre-game action. The market tickets to see the Seattle Seahawks take on the New England Patriots at the Super Bowl has gone crazy, he says. There are fewer than 225 tickets available and…
  • It's true. There are no women on our list of 2014 CEOs of the Year

    Suzanne Stevens
    29 Jan 2015 | 5:09 pm
    The Business Journal's list of 2014 CEOs of the Year does not include a single woman. It didn't go unnoticed. The list will publish in Friday's edition of the Business Journal, but in advance of publication, we introduced readers to the executives in an online gallery. Since then, readers have emailed and tweeted about the lack of diversity. I'm not surprised. We've had multiple discussions about it in our newsroom, and not just in relation to the 2014 selections. More on that in a moment. First,…
  • The AFL-CIO just became Amazon's landlord

    Marc Stiles
    29 Jan 2015 | 5:06 pm
    Blanchard Plaza, an office tower in downtown Seattle, sold Thursday for $122.66 million, or nearly twice what the property sold for in 2006. The reason the value of the 1983 building increased so much is because Amazon.com leased the building last spring. The lease runs for approximately 11 years, according to an agreement that was recorded with King County. In an ironic twist, the virulently anti-union Amazon has a very union-friendly new landlord: the AFL-CIO Building Investment Trust. The AFL-CIO…
  • ​Amazon's headcount tops 150,000 after adding nearly 40,000 employees in 2014

    Rachel Lerman
    29 Jan 2015 | 3:54 pm
    It turns out all the cranes dotting the sky above Seattle's South Lake Union neighborhood are necessary. At least, necessary for Amazon — the company needs them to make room for its booming employee count. Amazon now has 154,100 employees worldwide, 36,800 more employees than it had a year ago. It added 5,000 employees in the last quarter alone. Amazon's headcount doesn't even include its contractors who work in the company's huge warehouses or its tens of thousands of seasonal holiday workers.…
  • Bidding war for old Federal Reserve building in Seattle rages on, bids hit $9.6M

    Marc Stiles
    29 Jan 2015 | 2:53 pm
    Two parties very much want to own an historic building in downtown Seattle. That's clear from the online auction for the former Federal Reserve Bank branch, a half-block property at 1015 Second Ave. In just under two hours on Thursday, bids went from $8 million to $9.2 million. UPDATE: Minutes after this story was posted, a bid of $9.6 million was received. And there's a chance they'll climb even higher because the auction is now scheduled to last until just before 2 p.m. Friday. Two groups, identified…
 
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    Business News from Southwest US - bizjournals.com

  • Raytheon acquires Arizona drone maker Sensintel

    Sara Castellanos
    29 Jan 2015 | 8:46 pm
    Raytheon, a defense contractor with a presence in Tucson, earlier this week said it had acquired drone maker Sensintel Inc. Terms of the acquisition were not disclosed. Tuscon-based Sensintel was founded in 1989 and had 50 employees, who will become part of Raytheon Co.'s Missile Systems business. The acquisition wasn't expected to materially impact Raytheon's quarterly or full-year earnings. "Sensintel's expertise in unmanned aircraft systems solutions makes it a natural fit with Raytheon's…
  • San Francisco Super Bowl committee shadows Arizona crew

    Brandon Brown
    29 Jan 2015 | 8:16 pm
    It is never too early to start thinking about the next Super Bowl. The Super Bowl 50 Host Committee hosted a small media event Thursday night in downtown Phoenix. Host committee executives talked about what they expected for the 2016 Super Bowl scheduled to be played in San Francisco. Super Bowl 50 Host Committee CEO Keith Bruce said the goal is to make the Super Bowl experience uniquely Bay Area. The Super Bowl 50 Host Committee came to Phoenix to shadow the Arizona Super Bowl Host Committee…
  • Colorado important to an enlarged Medtronic Inc.

    Greg Avery
    29 Jan 2015 | 8:04 pm
    Medtronic Inc.'s $49.9 billion purchase of Covidien made Colorado the third-largest base of employees for the combined company and a place not likely to see dramatic changes as a result of the deal. The was the take of Chris Cleary, Medtronic's vice president of corporate development, who was key to putting together the deal that closed Monday and made Medtronic the largest medical device company in the world. Medtronic Inc. (NYSE: MDT) now has more than 2,100 employees in the Denver area, primarily…
  • Obama's 'precision medicine' initiative gets Bay Area face

    Ron Leuty
    29 Jan 2015 | 7:33 pm
    As President Barack Obama offers more details on a "precision medicine" plan outlined in last week's State of the Union speech, the Bay Area will have strong representation Friday at the White House and as a growing number of local companies seek to blend health care and Big Data. Two UCSF officials — vice chancellor of research Keith Yamamoto and neurotrauma expert Dr. Geoffrey Manley — are expected to attend Obama's announcement. They will join other academics, scientists and biomedical company…
  • Toyota leader highlights North Texas' appeal to business leaders

    Candace Carlisle
    29 Jan 2015 | 7:23 pm
    At Thursday's North Texas Commission luncheon, Toyota leader Osamu "Simon" Nagata highlighted the advantages for the Japanese automaker to set up its new North American headquarters in Plano. The beginning of Toyota's relocation decision can be traced to the company's close, decade-long relationship with the Lone Star state. So far, Toyota (NYSE: TM) has brought $2.2 billion of investment and nearly 3,000 jobs to Texas. "On the business side, our idea of creating one Toyota will really allow us…
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    Business News from the Northeast US - bizjournals

  • Adirondack Flames hockey franchise leaving upstate New York

    Robin K. Cooper
    29 Jan 2015 | 5:46 pm
    The Adirondack Flames minor league hockey team is poised to leave Glens Falls, New York and relocate to Stockton, California after the American Hockey League approved the move. The league announced Thursday that its board of governors has approved the relocation of five franchises to California. Those teams will become part of the league's new Pacific Division. Franchises also will be leaving Manchester, New Hampshire; Worcester, Massachusetts; Norfolk, Virginia and Oklahoma City. The decision…
  • De Blasio brings tech to the table to bolster bid for DNC

    Ben Fischer
    29 Jan 2015 | 4:49 pm
    Former Facebook president Sean Parker can add another title to his resume: Co-chair of the host committee for New York's bid to host the 2016 Democratic National Convention. Parker's name stands out on an otherwise fairly predictable list of business execs, and political and labor leaders who have long been associated with NYC civic efforts. While he's gradually become a New Yorker in recent years (for better or worse), Parker is still far younger and less well-known than most the list. Also coming…
  • ​Amazon's headcount tops 150,000 after adding nearly 40,000 employees in 2014

    Rachel Lerman
    29 Jan 2015 | 4:40 pm
    It turns out all the cranes dotting the sky above Seattle's South Lake Union neighborhood are necessary. At least, necessary for Amazon -- the company needs them to make room for its booming employee count. Amazon now has 154,100 employees worldwide, 36,800 more employees than it had a year ago. It added 5,000 employees in the last quarter alone. Amazon's headcount doesn't even include its contractors who work in the company's huge warehouses or its tens of thousands of seasonal holiday workers.…
  • Alcosan, EPA nearing agreement on sewer plan

    Sam Kusic
    29 Jan 2015 | 2:47 pm
    Alcosan and the federal government are "close" to concluding negotiations on revisions to a plan for addressing sewer overflows, according to Executive Director Arletta Scott Williams. Williams, speaking Thursday during a community update on the project, said she believes the talks will wrap up sometime this year. "I do believe we are within months," she said. Alcosan -- the Allegeny Sanitary Authority -- and the government have been negotiating revisions to Alcosan's mandated plan for eliminating…
  • For success, make sure you feel comfortable in your own skin

    Beth O'Brien
    29 Jan 2015 | 2:23 pm
    I started my career at General Electric as part of the audit staff, and had the rare opportunity to see virtually every part of the conglomerate's business from the big to small, from manufacturing to financial services. I saw dishwashers and power generators up close, and even watched light bulbs being made. But of all the rather amazing and interesting things I saw, one business drew my special attention: the insurance industry. Why? Because it helps people directly for everything they do throughout…
 
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    Business News from Southeast US - bizjournals.com

  • New Albany residents sound off on plan that would convert one-way streets

    Cary Stemle
    29 Jan 2015 | 6:46 pm
    More than 100 New Albany residents turned out Thursday evening for their first opportunity to comment on a street study that advocates converting many of the city's one-way downtown streets to two-way. In addition, the study from Washington, D.C.-based Speck & Associates LLC proposes several major changes to New Albany's street grid, including adding bike lanes to promote cycling and reducing the width of driving lanes. The study was prompted by concerns that New Albany will see a drastic uptick…
  • Planning Commission approves West End Walmart

    Caitlin Bowling
    29 Jan 2015 | 5:34 pm
    Walmart may build its super center in West Louisville after all. After much debate, the Louisville Planning Commission voted Thursday evening to approve Walmart's site plan and variances for a proposed store on the former Philip Morris tobacco factory property at 18th Street and Broadway. The next step is for the plan to go before the Louisville Metro Board of Zoning Adjustment. The proposed super center will be 154,722 square feet and have about 620 parking spaces. It will include a food market,…
  • Business community turns out for SFBJ's 2015 CFO Awards

    Nina Lincoff
    29 Jan 2015 | 4:09 pm
    The South Florida Business Journal's' eighth annual CFO awards was held Wednesday evening at the IGFA Fishing Hall of Fame Museum in Dania Beach. About 270 people attended the affair to see which of the finalists snared the CFO award in each of four categories – under $100 million, over $100 million, public company, and nonprofit. The presenting sponsor for the event was Steven Douglas Associates, and the corporate sponsors were Cherry Bekaert, Comcast Business, eMerge Americas, Florida International…
  • Atlanta developer has new plans for Friendly, Hobbs site

    Katie Arcieri
    29 Jan 2015 | 3:43 pm
    The chairman of Atlanta-based Halpern Enterprises Inc. confirmed late Thursday that the company has new plans for the high-profile parcel at Friendly Avenue and Hobbs Road that will include residential. Reached briefly by cell phone, Jack N. Halpern said a residential component is being considered at the 6.77-acre site because it would be more favorably received by local decision-makers and the community. "Our goal is to build something that will be successful and be well-received by the community,"…
  • Terwilliger Pappas planning new apartment complex in South End

    Will Boye
    29 Jan 2015 | 3:24 pm
    Apartment development firm Terwilliger Pappas is evaluating a 3.5-acre site at the corner of South Boulevard and Remount Road in Charlotte's South End for a new multifamily complex. The land at the corner of South and Remount is owned by a limited liability company called Cherokee Southline that is managed by Pappas Properties. Both Terwilliger Pappas and Pappas Properties are headed by developer Peter Pappas. A Terwilliger Pappas spokesman says the development plans have been accelerated by the…
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    Accounting News - Accounting News Headlines | Bizjournals.com

  • Want Super Bowl tickets? Better hurry: Fewer than 225 seats left

    Patti Payne
    29 Jan 2015 | 8:28 pm
    If you are still looking for Super Bowl tickets, you will have to look hard. And be prepared to pay top dollar. Connor Gregoire, analyst for SeatGeek.com, a website that provides search and price forecasting for people who want to buy sports and entertainment event tickets, is in Phoenix in the middle of all the pre-game action. The market tickets to see the Seattle Seahawks take on the New England Patriots at the Super Bowl has gone crazy, he says. There are fewer than 225 tickets available and…
  • San Francisco Super Bowl committee shadows Arizona crew

    Brandon Brown
    29 Jan 2015 | 8:16 pm
    It is never too early to start thinking about the next Super Bowl. The Super Bowl 50 Host Committee hosted a small media event Thursday night in downtown Phoenix. Host committee executives talked about what they expected for the 2016 Super Bowl scheduled to be played in San Francisco. Super Bowl 50 Host Committee CEO Keith Bruce said the goal is to make the Super Bowl experience uniquely Bay Area. The Super Bowl 50 Host Committee came to Phoenix to shadow the Arizona Super Bowl Host Committee…
  • Colorado important to an enlarged Medtronic Inc.

    Greg Avery
    29 Jan 2015 | 8:04 pm
    Medtronic Inc.'s $49.9 billion purchase of Covidien made Colorado the third-largest base of employees for the combined company and a place not likely to see dramatic changes as a result of the deal. The was the take of Chris Cleary, Medtronic's vice president of corporate development, who was key to putting together the deal that closed Monday and made Medtronic the largest medical device company in the world. Medtronic Inc. (NYSE: MDT) now has more than 2,100 employees in the Denver area, primarily…
  • Obama's 'precision medicine' initiative gets Bay Area face

    Ron Leuty
    29 Jan 2015 | 7:33 pm
    As President Barack Obama offers more details on a "precision medicine" plan outlined in last week's State of the Union speech, the Bay Area will have strong representation Friday at the White House and as a growing number of local companies seek to blend health care and Big Data. Two UCSF officials — vice chancellor of research Keith Yamamoto and neurotrauma expert Dr. Geoffrey Manley — are expected to attend Obama's announcement. They will join other academics, scientists and biomedical company…
  • Federal judge orders Matson to pay $1M in molasses spill plea deal

    Janis L. Magin
    29 Jan 2015 | 7:25 pm
    A federal judge on Thursday sentenced a subsidiary of Matson Inc. to pay $1 million in fines and restitution under a plea agreement reached last fall over charges that Hawaii's largest shipping company illegally discharged more than 230,000 gallons of molasses into Honolulu Harbor in 2013. U.S. Magistrate Judge Richard L. Puglisi ordered Matson Terminals Inc. to pay a fine of $400,000, and restitution of $600,000, which will be divided equally between the Waikiki Aquarium, to support coral programs…
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    Agriculture News - Agriculture News Headlines | Bizjournals.com

  • Want Super Bowl tickets? Better hurry: Fewer than 225 seats left

    Patti Payne
    29 Jan 2015 | 8:28 pm
    If you are still looking for Super Bowl tickets, you will have to look hard. And be prepared to pay top dollar. Connor Gregoire, analyst for SeatGeek.com, a website that provides search and price forecasting for people who want to buy sports and entertainment event tickets, is in Phoenix in the middle of all the pre-game action. The market tickets to see the Seattle Seahawks take on the New England Patriots at the Super Bowl has gone crazy, he says. There are fewer than 225 tickets available and…
  • San Francisco Super Bowl committee shadows Arizona crew

    Brandon Brown
    29 Jan 2015 | 8:16 pm
    It is never too early to start thinking about the next Super Bowl. The Super Bowl 50 Host Committee hosted a small media event Thursday night in downtown Phoenix. Host committee executives talked about what they expected for the 2016 Super Bowl scheduled to be played in San Francisco. Super Bowl 50 Host Committee CEO Keith Bruce said the goal is to make the Super Bowl experience uniquely Bay Area. The Super Bowl 50 Host Committee came to Phoenix to shadow the Arizona Super Bowl Host Committee…
  • Colorado important to an enlarged Medtronic Inc.

    Greg Avery
    29 Jan 2015 | 8:04 pm
    Medtronic Inc.'s $49.9 billion purchase of Covidien made Colorado the third-largest base of employees for the combined company and a place not likely to see dramatic changes as a result of the deal. The was the take of Chris Cleary, Medtronic's vice president of corporate development, who was key to putting together the deal that closed Monday and made Medtronic the largest medical device company in the world. Medtronic Inc. (NYSE: MDT) now has more than 2,100 employees in the Denver area, primarily…
  • Obama's 'precision medicine' initiative gets Bay Area face

    Ron Leuty
    29 Jan 2015 | 7:33 pm
    As President Barack Obama offers more details on a "precision medicine" plan outlined in last week's State of the Union speech, the Bay Area will have strong representation Friday at the White House and as a growing number of local companies seek to blend health care and Big Data. Two UCSF officials — vice chancellor of research Keith Yamamoto and neurotrauma expert Dr. Geoffrey Manley — are expected to attend Obama's announcement. They will join other academics, scientists and biomedical company…
  • Federal judge orders Matson to pay $1M in molasses spill plea deal

    Janis L. Magin
    29 Jan 2015 | 7:25 pm
    A federal judge on Thursday sentenced a subsidiary of Matson Inc. to pay $1 million in fines and restitution under a plea agreement reached last fall over charges that Hawaii's largest shipping company illegally discharged more than 230,000 gallons of molasses into Honolulu Harbor in 2013. U.S. Magistrate Judge Richard L. Puglisi ordered Matson Terminals Inc. to pay a fine of $400,000, and restitution of $600,000, which will be divided equally between the Waikiki Aquarium, to support coral programs…
 
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    Banking & Financial News - Banking & Financial News Headlines | Bizjournals.com

  • Toyota leader highlights North Texas' appeal to business leaders

    Candace Carlisle
    29 Jan 2015 | 7:23 pm
    At Thursday's North Texas Commission luncheon, Toyota leader Osamu "Simon" Nagata highlighted the advantages for the Japanese automaker to set up its new North American headquarters in Plano. The beginning of Toyota's relocation decision can be traced to the company's close, decade-long relationship with the Lone Star state. So far, Toyota (NYSE: TM) has brought $2.2 billion of investment and nearly 3,000 jobs to Texas. "On the business side, our idea of creating one Toyota will really allow us…
  • It's true. There are no women on our list of 2014 CEOs of the Year

    Suzanne Stevens
    29 Jan 2015 | 5:09 pm
    The Business Journal's list of 2014 CEOs of the Year does not include a single woman. It didn't go unnoticed. The list will publish in Friday's edition of the Business Journal, but in advance of publication, we introduced readers to the executives in an online gallery. Since then, readers have emailed and tweeted about the lack of diversity. I'm not surprised. We've had multiple discussions about it in our newsroom, and not just in relation to the 2014 selections. More on that in a moment. First,…
  • The AFL-CIO just became Amazon's landlord

    Marc Stiles
    29 Jan 2015 | 5:06 pm
    Blanchard Plaza, an office tower in downtown Seattle, sold Thursday for $122.66 million, or nearly twice what the property sold for in 2006. The reason the value of the 1983 building increased so much is because Amazon.com leased the building last spring. The lease runs for approximately 11 years, according to an agreement that was recorded with King County. In an ironic twist, the virulently anti-union Amazon has a very union-friendly new landlord: the AFL-CIO Building Investment Trust. The AFL-CIO…
  • De Blasio brings tech to the table to bolster bid for DNC

    Ben Fischer
    29 Jan 2015 | 4:49 pm
    Former Facebook president Sean Parker can add another title to his resume: Co-chair of the host committee for New York's bid to host the 2016 Democratic National Convention. Parker's name stands out on an otherwise fairly predictable list of business execs, and political and labor leaders who have long been associated with NYC civic efforts. While he's gradually become a New Yorker in recent years (for better or worse), Parker is still far younger and less well-known than most the list. Also coming…
  • Business community turns out for SFBJ's 2015 CFO Awards

    Nina Lincoff
    29 Jan 2015 | 4:09 pm
    The South Florida Business Journal's' eighth annual CFO awards was held Wednesday evening at the IGFA Fishing Hall of Fame Museum in Dania Beach. About 270 people attended the affair to see which of the finalists snared the CFO award in each of four categories – under $100 million, over $100 million, public company, and nonprofit. The presenting sponsor for the event was Steven Douglas Associates, and the corporate sponsors were Cherry Bekaert, Comcast Business, eMerge Americas, Florida International…
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    Bankruptcy News - Bankruptcy News Headlines | Bizjournals.com

  • Raytheon acquires Arizona drone maker Sensintel

    Sara Castellanos
    29 Jan 2015 | 8:46 pm
    Raytheon, a defense contractor with a presence in Tucson, earlier this week said it had acquired drone maker Sensintel Inc. Terms of the acquisition were not disclosed. Tuscon-based Sensintel was founded in 1989 and had 50 employees, who will become part of Raytheon Co.'s Missile Systems business. The acquisition wasn't expected to materially impact Raytheon's quarterly or full-year earnings. "Sensintel's expertise in unmanned aircraft systems solutions makes it a natural fit with Raytheon's…
  • Want Super Bowl tickets? Better hurry: Fewer than 225 seats left

    Patti Payne
    29 Jan 2015 | 8:28 pm
    If you are still looking for Super Bowl tickets, you will have to look hard. And be prepared to pay top dollar. Connor Gregoire, analyst for SeatGeek.com, a website that provides search and price forecasting for people who want to buy sports and entertainment event tickets, is in Phoenix in the middle of all the pre-game action. The market tickets to see the Seattle Seahawks take on the New England Patriots at the Super Bowl has gone crazy, he says. There are fewer than 225 tickets available and…
  • San Francisco Super Bowl committee shadows Arizona crew

    Brandon Brown
    29 Jan 2015 | 8:16 pm
    It is never too early to start thinking about the next Super Bowl. The Super Bowl 50 Host Committee hosted a small media event Thursday night in downtown Phoenix. Host committee executives talked about what they expected for the 2016 Super Bowl scheduled to be played in San Francisco. Super Bowl 50 Host Committee CEO Keith Bruce said the goal is to make the Super Bowl experience uniquely Bay Area. The Super Bowl 50 Host Committee came to Phoenix to shadow the Arizona Super Bowl Host Committee…
  • Colorado important to an enlarged Medtronic

    Greg Avery
    29 Jan 2015 | 8:04 pm
    Medtronic Inc.'s $49.9 billion purchase of Covidien made Colorado the third-largest base of employees for the combined company and a place not likely to see dramatic changes as a result of the deal. The was the take of Chris Cleary, Medtronic's vice president of corporate development, who was key to putting together the deal that closed Monday and made Medtronic the largest medical device company in the world. Medtronic Inc. (NYSE: MDT) now has more than 2,100 employees in the Denver area, primarily…
  • Obama's 'precision medicine' initiative gets Bay Area face

    Ron Leuty
    29 Jan 2015 | 7:33 pm
    As President Barack Obama offers more details on a "precision medicine" plan outlined in last week's State of the Union speech, the Bay Area will have strong representation Friday at the White House and as a growing number of local companies seek to blend health care and Big Data. Two UCSF officials — vice chancellor of research Keith Yamamoto and neurotrauma expert Dr. Geoffrey Manley — are expected to attend Obama's announcement. They will join other academics, scientists and biomedical company…
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    Commercial Real Estate Industry News Headlines | Bizjournals.com

  • New Albany residents sound off on plan that would convert one-way streets

    Cary Stemle
    29 Jan 2015 | 6:46 pm
    More than 100 New Albany residents turned out Thursday evening for their first opportunity to comment on a street study that advocates converting many of the city's one-way downtown streets to two-way. In addition, the study from Washington, D.C.-based Speck & Associates LLC proposes several major changes to New Albany's street grid, including adding bike lanes to promote cycling and reducing the width of driving lanes. The study was prompted by concerns that New Albany will see a drastic uptick…
  • Planning Commission approves West End Walmart

    Caitlin Bowling
    29 Jan 2015 | 5:34 pm
    Walmart may build its super center in West Louisville after all. After much debate, the Louisville Planning Commission voted Thursday evening to approve Walmart's site plan and variances for a proposed store on the former Philip Morris tobacco factory property at 18th Street and Broadway. The next step is for the plan to go before the Louisville Metro Board of Zoning Adjustment. The proposed super center will be 154,722 square feet and have about 620 parking spaces. It will include a food market,…
  • Cupertino council members 'drop in' on Apple Campus 2 in amazing state-of-the-city address

    Nathan Donato-Weinstein
    29 Jan 2015 | 4:57 pm
    For weeks now, I've been hearing rumors of how cool Cupertino Mayor Rod Sinks' first State of the City address was going to be. (Yes, you heard me right — "cool" and "State of the City address" in the same sentence.) But things have been very hush-hush, aside from some rather intriguing-looking photos posted to the KMVT Facebook page. Well, the mayor didn't disappoint at the Jan. 28 event. As you can see streaming over on YouTube, Sinks took a nontraditional approach to the annual speech to say…
  • Honolulu architect launches weekly radio show on design

    A. Kam Napier
    29 Jan 2015 | 4:47 pm
    Honolulu architect Matt Gilbertson, president and design director of MGA Architecture, thinks people don't talk enough about what constitutes good design in Hawaii, whether its in architecture, urban planning, or streetscapes. It's a longstanding interest of his, I know—back in 2003, Gilbertson invited me to moderate panel discussion on "Hawaiian Sense of Place" as part of an AIA-Honolulu-sponsored film series. That experience showed me how much people in Hawaii care about the built environment.…
  • ​Amazon's headcount tops 150,000 after adding nearly 40,000 employees in 2014

    Rachel Lerman
    29 Jan 2015 | 4:40 pm
    It turns out all the cranes dotting the sky above Seattle's South Lake Union neighborhood are necessary. At least, necessary for Amazon -- the company needs them to make room for its booming employee count. Amazon now has 154,100 employees worldwide, 36,800 more employees than it had a year ago. It added 5,000 employees in the last quarter alone. Amazon's headcount doesn't even include its contractors who work in the company's huge warehouses or its tens of thousands of seasonal holiday workers.…
 
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    Economic Snapshot News - Economic Snapshot News Headlines | Bizjournals.com

  • Raytheon acquires Arizona drone maker Sensintel

    Sara Castellanos
    29 Jan 2015 | 8:46 pm
    Raytheon, a defense contractor with a presence in Tucson, earlier this week said it had acquired drone maker Sensintel Inc. Terms of the acquisition were not disclosed. Tuscon-based Sensintel was founded in 1989 and had 50 employees, who will become part of Raytheon Co.'s Missile Systems business. The acquisition wasn't expected to materially impact Raytheon's quarterly or full-year earnings. "Sensintel's expertise in unmanned aircraft systems solutions makes it a natural fit with Raytheon's…
  • Want Super Bowl tickets? Better hurry: Fewer than 225 seats left

    Patti Payne
    29 Jan 2015 | 8:28 pm
    If you are still looking for Super Bowl tickets, you will have to look hard. And be prepared to pay top dollar. Connor Gregoire, analyst for SeatGeek.com, a website that provides search and price forecasting for people who want to buy sports and entertainment event tickets, is in Phoenix in the middle of all the pre-game action. The market tickets to see the Seattle Seahawks take on the New England Patriots at the Super Bowl has gone crazy, he says. There are fewer than 225 tickets available and…
  • San Francisco Super Bowl committee shadows Arizona crew

    Brandon Brown
    29 Jan 2015 | 8:16 pm
    It is never too early to start thinking about the next Super Bowl. The Super Bowl 50 Host Committee hosted a small media event Thursday night in downtown Phoenix. Host committee executives talked about what they expected for the 2016 Super Bowl scheduled to be played in San Francisco. Super Bowl 50 Host Committee CEO Keith Bruce said the goal is to make the Super Bowl experience uniquely Bay Area. The Super Bowl 50 Host Committee came to Phoenix to shadow the Arizona Super Bowl Host Committee…
  • Colorado important to an enlarged Medtronic

    Greg Avery
    29 Jan 2015 | 8:04 pm
    Medtronic Inc.'s $49.9 billion purchase of Covidien made Colorado the third-largest base of employees for the combined company and a place not likely to see dramatic changes as a result of the deal. The was the take of Chris Cleary, Medtronic's vice president of corporate development, who was key to putting together the deal that closed Monday and made Medtronic the largest medical device company in the world. Medtronic Inc. (NYSE: MDT) now has more than 2,100 employees in the Denver area, primarily…
  • Obama's 'precision medicine' initiative gets Bay Area face

    Ron Leuty
    29 Jan 2015 | 7:33 pm
    As President Barack Obama offers more details on a "precision medicine" plan outlined in last week's State of the Union speech, the Bay Area will have strong representation Friday at the White House and as a growing number of local companies seek to blend health care and Big Data. Two UCSF officials — vice chancellor of research Keith Yamamoto and neurotrauma expert Dr. Geoffrey Manley — are expected to attend Obama's announcement. They will join other academics, scientists and biomedical company…
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    Education News - Education News Headlines | Bizjournals.com

  • UTSA organizing Eagle Ford towns to diversify economic activity

    Sergio Chapa
    29 Jan 2015 | 4:37 pm
    A group of researchers with the University of Texas at San Antonio are working with towns in the Eagle Ford Shale to help them diversify their economic activity. Members of UTSA's Eagle Ford Shale Community Development Program have been busy traveling throughout the counties where oil and natural gas production is taking place. The program is recruiting residents in those counties to volunteer for a group that will address their community's needs and then help them to apply for grants to make them…
  • DBJ panelists: Education reform results will take time

    Todd Engdahl
    29 Jan 2015 | 4:15 pm
    "Let's not give up on all the hard work," Colorado education commissioner Robert Hammond told a Denver audience Thursday, predicting that education reforms enacted in the last six years ultimately will pay off in student achievement. That sentiment was echoed by panelist Curtis Garcia, school principal in the 220-student Centennial district in the San Luis Valley. "We're only a few years into some of this change. … I always argue for patience. Give us the time to invest where we know is right." The…
  • Too early to say whether Bucks' new partner Marquette will pitch in for arena funding

    Rich Kirchen
    29 Jan 2015 | 3:43 pm
    Now that the Milwaukee Bucks are partnering with Marquette University for new on-campus athletic facilities, might we anticipate Marquette contributing to a new arena in downtown Milwaukee? It's still too early to say, Marquette president Mike Lovell said in an interview Thursday after his presidential address. "Actually, we've never even had that conversation yet," Lovell said. Lovell said once a final design is complete for the arena, then Marquette will discuss a possible contribution to the…
  • Lynne Waters leaving ​University of Hawaii to move to Texas

    Lorin Eleni Gill
    29 Jan 2015 | 3:42 pm
    Lynne Waters, the University of Hawaii System's associate vice president for external affairs and university relations since 2011, has been appointed vice president for university communications at the University of Texas at Arlington. Waters will head public relations, strategic communication, community relations, marketing and brand management at UT Arlington, the school said in a release. "UT Arlington is clearly poised to be recognized as a top tier, American public research university, and…
  • Glendale crushes Tempe in battle for football fans

    Patrick O'Grady
    29 Jan 2015 | 3:24 pm
    Glendale is the best city for football fans in Arizona, easily beating Tempe and Tucson for the title. That's at least according to a new study by Wallethub, which ranked the cities that host college and pro sports teams. It's not shocking that the city that hosts the Fiesta Bowl and will host Super Bowl XLIX on Sunday is the best for sports fans, but it wasn't even close between its ranking at No. 22 and Tempe at No. 89. The study took only the cities that hosted either an NFL or college team.…
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    Energy & the Environment News - Energy News Headlines | Bizjournals.com

  • NextEra, Hawaiian Electric say acquisition will save customers $60M

    Duane Shimogawa
    29 Jan 2015 | 7:07 pm
    NextEra Energy Inc. and Hawaiian Electric Co. said Thursday that the proposed acquisition of Hawaii's largest utility will save customers about $60 million, and that there will be no request for an increase in general base rates for at least four years following the close of the transaction, according to an application submitted to the Hawaii Public Utilities Commission. Last month, the two companies announced that Florida-based NextEra Energy (NYSE: NEE) would buy Hawaiian Electric Co. from parent…
  • American Petroleum Institute opens up Colorado office for oil and gas issues

    Cathy Proctor
    29 Jan 2015 | 5:29 pm
    Tracee Bentley, Gov. John Hickenlooper's legislative director and senior advisor on energy and agricultural issues, is leaving the office to start a new, Colorado chapter of the American Petroleum Institute (API). Her last day with the governor's office is March 2. She will be the executive director of the Colorado Petroleum Council. "Tracee Bentley has been an outstanding member of our senior staff," Hickenlooper said in a statement. "Her laser focus and ability to strategize has been an asset…
  • Women's Energy Network finds fertile field in San Antonio

    Sergio Chapa
    29 Jan 2015 | 4:43 pm
    The energy sector is mostly a man's world, but women are making inroads into the oil fields and in the office. In San Antonio, about 300 women are members of the South Texas Chapter of the Women's Energy Network. The chapter's territory includes Austin, San Antonio and Corpus Christi. Founded less than two years ago, the group's president-elect Lisa Trefger said the organization expects to grow even more in 2015. "We're open to all women whether you're out in the field or in the office," Trefger…
  • UTSA organizing Eagle Ford towns to diversify economic activity

    Sergio Chapa
    29 Jan 2015 | 4:37 pm
    A group of researchers with the University of Texas at San Antonio are working with towns in the Eagle Ford Shale to help them diversify their economic activity. Members of UTSA's Eagle Ford Shale Community Development Program have been busy traveling throughout the counties where oil and natural gas production is taking place. The program is recruiting residents in those counties to volunteer for a group that will address their community's needs and then help them to apply for grants to make them…
  • Railroad Commission: Texas sees less drilling, higher production

    29 Jan 2015 | 4:03 pm
    New figures from the Railroad Commission of Texas show less drilling activity but higher production from oil and natural gas fields across the Lone Star State. The Railroad Commission issued 1,506 original drilling permits in December 2014 compared with 1,619 in December 2013, a 7 percent decrease. But the Commission reported that November 2014 figures showed the production of oil and natural gas increased compared to November 2013. Got Energy? Sign up for our Energy Inc. newsletter here. Preliminary…
 
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    Green News - Green News Headlines | Bizjournals.com

  • Federal judge orders Matson to pay $1M in molasses spill plea deal

    Janis L. Magin
    29 Jan 2015 | 7:25 pm
    A federal judge on Thursday sentenced a subsidiary of Matson Inc. to pay $1 million in fines and restitution under a plea agreement reached last fall over charges that Hawaii's largest shipping company illegally discharged more than 230,000 gallons of molasses into Honolulu Harbor in 2013. U.S. Magistrate Judge Richard L. Puglisi ordered Matson Terminals Inc. to pay a fine of $400,000, and restitution of $600,000, which will be divided equally between the Waikiki Aquarium, to support coral programs…
  • American Petroleum Institute opens up Colorado office for oil and gas issues

    Cathy Proctor
    29 Jan 2015 | 5:29 pm
    Tracee Bentley, Gov. John Hickenlooper's legislative director and senior advisor on energy and agricultural issues, is leaving the office to start a new, Colorado chapter of the American Petroleum Institute (API). Her last day with the governor's office is March 2. She will be the executive director of the Colorado Petroleum Council. "Tracee Bentley has been an outstanding member of our senior staff," Hickenlooper said in a statement. "Her laser focus and ability to strategize has been an asset…
  • Plant Vogtle expansion delayed another 18 months

    Dave Williams
    29 Jan 2015 | 2:50 pm
    The completion of the Plant Vogtle nuclear expansion will be delayed by 18 months, Georgia Power Co. and Atlanta-based parent Southern Co. announced Thursday. In a filing with the Securities and Exchange Commission, the utilities wrote they have been informed by the $14.5 billion project's prime contractors, Westinghouse Electric Co. LLC and CB&I/Stone & Webster, that the first of two new nuclear reactors at the plant south of Augusta, Ga., won't be finished until the second quarter of 2019, a year…
  • Pro Tem: CEQA reform coming, tax hikes deserve 'vigorous' debate

    Allen Young
    29 Jan 2015 | 2:49 pm
    The Senate will pass some version of regulatory reform on California's signature environmental law this year, Senate President Pro Tem Kevin de León said Thursday. The Senate leader added lawmakers could debate an array of tax proposals this year, including those related to property, tobacco, or oil extraction. An extension of Proposition 30 -- which raised sales taxes by a quarter cent and imposed higher income taxes on those earning over $250,000 a year -- also is a consideration, he said. "I…
  • DIA launches plan to move TSA out of the terminal’s Great Hall

    Cathy Proctor
    29 Jan 2015 | 1:50 pm
    Denver International Airport today issued an international request for qualifications in hopes of finding a public-private partnership to kick the massive security screening apparatus overseen by the Transportation Security Administration out of the Great Hall inside the Jeppesen Terminal. "We want to get TSA out of the hall," Kim Day said in an interview with the Denver Business Journal. DIA officials say the TSA is supportive of the idea of moving out of the Great Hall. The design would still…
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    Health Care News - Health Care News Headlines | Bizjournals.com

  • Colorado important to an enlarged Medtronic

    Greg Avery
    29 Jan 2015 | 8:04 pm
    Medtronic Inc.'s $49.9 billion purchase of Covidien made Colorado the third-largest base of employees for the combined company and a place not likely to see dramatic changes as a result of the deal. The was the take of Chris Cleary, Medtronic's vice president of corporate development, who was key to putting together the deal that closed Monday and made Medtronic the largest medical device company in the world. Medtronic Inc. (NYSE: MDT) now has more than 2,100 employees in the Denver area, primarily…
  • Obama's 'precision medicine' initiative gets Bay Area face

    Ron Leuty
    29 Jan 2015 | 7:33 pm
    As President Barack Obama offers more details on a "precision medicine" plan outlined in last week's State of the Union speech, the Bay Area will have strong representation Friday at the White House and as a growing number of local companies seek to blend health care and Big Data. Two UCSF officials — vice chancellor of research Keith Yamamoto and neurotrauma expert Dr. Geoffrey Manley — are expected to attend Obama's announcement. They will join other academics, scientists and biomedical company…
  • Effort to kill Connect for Health Colorado gains steam but falls short

    Ed Sealover
    29 Jan 2015 | 6:43 pm
    A Colorado Springs lawmaker's annual effort to dismantle the state's health insurance exchange once again died in a House committee on Thursday — but not before he was able to garner backing for his bill from every Republican lawmaker on the committee for the first time in four tries. GOP Rep. Janak Joshi argued, as he has before, that Connect for Health Colorado is not making health insurance more affordable because many deductibles for the plans sold on the exchange are extremely high. He also…
  • ​Legislature to debate issuing bonds for Hawaii Health Connector

    Lorin Eleni Gill
    29 Jan 2015 | 4:52 pm
    The state Legislature is considering a bill that would allow the Hawaii Health Connector to borrow money using state bonds until it becomes financially self-sustainable. House Bill 1283 proposes to enable the Connector to issue up to $28 million in state bonds issued in its own name to support it on the path to financial self-sustainability over the next ten years. Previous state and federal requirements mandated that the exchanges become independent by 2015. This bill would revise that requirement…
  • Texas business groups react to plan to abolish Emerging Technology Fund

    Kimberly Reeves
    29 Jan 2015 | 3:26 pm
    Gov. Greg Abbott's action toward abolishing the Emerging Technology Fund would bolster the state's efforts to create additional nationally competitive research universities in Texas, a key business association says. Under a proposal announced Jan. 29 by Abbott, the Emerging Technology Fund would be scuttled, its portfolio transferred to the Comptroller's Office and its $136 million in unexpended balances equally split between faculty recruitment efforts at the Texas Higher Education Coordinating…
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    Human Resources News - Human Resources News Headlines | Bizjournals.com

  • Toyota leader highlights North Texas' appeal to business leaders

    Candace Carlisle
    29 Jan 2015 | 7:23 pm
    At Thursday's North Texas Commission luncheon, Toyota leader Osamu "Simon" Nagata highlighted the advantages for the Japanese automaker to set up its new North American headquarters in Plano. The beginning of Toyota's relocation decision can be traced to the company's close, decade-long relationship with the Lone Star state. So far, Toyota (NYSE: TM) has brought $2.2 billion of investment and nearly 3,000 jobs to Texas. "On the business side, our idea of creating one Toyota will really allow us…
  • Manitowoc Co. plans to split its cranes, food-service businesses

    David Schuyler
    29 Jan 2015 | 7:19 pm
    The Manitowoc Co. Inc. said Thursday that it intends to split its two businesses - construction cranes and food service equipment - by spinning off one of the units into a separate publicly owned company. Manitowoc-based Manitowoc Co. (NYSE: MTW) said its board has approved a plan that, for now, would separate the food service unit through a tax-free spin-off expected to be completed in the first quarter of 2016. The announcement comes just weeks after billionaire activist investor Carl Icahn revealed…
  • Bill to reinstate Colorado's Pay Equity Commission gets first approval

    Ed Sealover
    29 Jan 2015 | 5:55 pm
    Democrats in the Colorado Legislature began the process of trying to reinstate the state's Pay Equity Commission Thursday, passing through a state House committee a bill that is likely to end back in front of the same Senate committee that made the controversial decision earlier this month to end the commission. House Bill 1133, sponsored by Rep. Jessie Danielson, D-Wheat Ridge, would continue indefinitely the tenure of the five-year-old commission, which monitors the status of pay inequity between…
  • Women's Energy Network finds fertile field in San Antonio

    Sergio Chapa
    29 Jan 2015 | 4:43 pm
    The energy sector is mostly a man's world, but women are making inroads into the oil fields and in the office. In San Antonio, about 300 women are members of the South Texas Chapter of the Women's Energy Network. The chapter's territory includes Austin, San Antonio and Corpus Christi. Founded less than two years ago, the group's president-elect Lisa Trefger said the organization expects to grow even more in 2015. "We're open to all women whether you're out in the field or in the office," Trefger…
  • Atlanta developer has new plans for Friendly, Hobbs site

    Katie Arcieri
    29 Jan 2015 | 3:43 pm
    The chairman of Atlanta-based Halpern Enterprises Inc. confirmed late Thursday that the company has new plans for the high-profile parcel at Friendly Avenue and Hobbs Road that will include residential. Reached briefly by cell phone, Jack N. Halpern said a residential component is being considered at the 6.77-acre site because it would be more favorably received by local decision-makers and the community. "Our goal is to build something that will be successful and be well-received by the community,"…
 
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    Insurance News - Insurance News Headlines | Bizjournals.com

  • Obama's 'precision medicine' initiative gets Bay Area face

    Ron Leuty
    29 Jan 2015 | 7:33 pm
    As President Barack Obama offers more details on a "precision medicine" plan outlined in last week's State of the Union speech, the Bay Area will have strong representation Friday at the White House and as a growing number of local companies seek to blend health care and Big Data. Two UCSF officials — vice chancellor of research Keith Yamamoto and neurotrauma expert Dr. Geoffrey Manley — are expected to attend Obama's announcement. They will join other academics, scientists and biomedical company…
  • Effort to kill Connect for Health Colorado gains steam but falls short

    Ed Sealover
    29 Jan 2015 | 6:43 pm
    A Colorado Springs lawmaker's annual effort to dismantle the state's health insurance exchange once again died in a House committee on Thursday — but not before he was able to garner backing for his bill from every Republican lawmaker on the committee for the first time in four tries. GOP Rep. Janak Joshi argued, as he has before, that Connect for Health Colorado is not making health insurance more affordable because many deductibles for the plans sold on the exchange are extremely high. He also…
  • ​Legislature to debate issuing bonds for Hawaii Health Connector

    Lorin Eleni Gill
    29 Jan 2015 | 4:52 pm
    The state Legislature is considering a bill that would allow the Hawaii Health Connector to borrow money using state bonds until it becomes financially self-sustainable. House Bill 1283 proposes to enable the Connector to issue up to $28 million in state bonds issued in its own name to support it on the path to financial self-sustainability over the next ten years. Previous state and federal requirements mandated that the exchanges become independent by 2015. This bill would revise that requirement…
  • ​State auditor calls Hawaii Health Connector unsustainable, misused service procurement

    Lorin Eleni Gill
    29 Jan 2015 | 3:00 pm
    A state audit of the Hawaii Health Connector found that improper planning and procurement procedures led to an unsustainable health insurance exchange, and that although its board of directors could not agree on a strategic plan, the state's online health exchange continued to do business. Because of Hawaii's Prepaid Health Care Act, uninsured residents make up only about 8 percent of the population, limiting the Connector's market, the report by the state auditor said. The report also noted that…
  • UPMC: Highmark denying Children's claims

    Kris B. Mamula
    29 Jan 2015 | 2:10 pm
    Highmark has not paid 59 member claims for care provided by UPMC's Children's Hospital doctors or at related facilities, which is unprecedented, according to UPMC. But Highmark on Thursday blamed the payment delay on a new claims processing system and said the issue had already been resolved. The 59 claims were submitted on behalf of infants, toddlers and adolescents who were treated at Children's between Jan. 1 and Jan. 23, UPMC spokesman Paul Wood said. Denials by the insurer could result in…
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    Legal Services News - Legal Services News Headlines | Bizjournals.com

  • Federal judge orders Matson to pay $1M in molasses spill plea deal

    Janis L. Magin
    29 Jan 2015 | 7:25 pm
    A federal judge on Thursday sentenced a subsidiary of Matson Inc. to pay $1 million in fines and restitution under a plea agreement reached last fall over charges that Hawaii's largest shipping company illegally discharged more than 230,000 gallons of molasses into Honolulu Harbor in 2013. U.S. Magistrate Judge Richard L. Puglisi ordered Matson Terminals Inc. to pay a fine of $400,000, and restitution of $600,000, which will be divided equally between the Waikiki Aquarium, to support coral programs…
  • Toyota leader highlights North Texas' appeal to business leaders

    Candace Carlisle
    29 Jan 2015 | 7:23 pm
    At Thursday's North Texas Commission luncheon, Toyota leader Osamu "Simon" Nagata highlighted the advantages for the Japanese automaker to set up its new North American headquarters in Plano. The beginning of Toyota's relocation decision can be traced to the company's close, decade-long relationship with the Lone Star state. So far, Toyota (NYSE: TM) has brought $2.2 billion of investment and nearly 3,000 jobs to Texas. "On the business side, our idea of creating one Toyota will really allow us…
  • AG hopeful Loretta Lynch fares well in Senate confirmation hearing

    Caroline McMillan Portillo
    29 Jan 2015 | 6:23 pm
    Critics of Loretta Lynch are running out of ammunition — or as the Washington Post put it:"The case against Lynch deflated faster than if the New England Patriots had run the hearing." Lynch, President Obama's nominee to replace Eric Holder as attorney general, has been under hours of scrutiny this week as the Republican-controlled Senate Judiciary Committee vets her for the role. Currently the U.S. attorney for the Eastern District of New York, Lynch is believed to be a relatively uncontroversial…
  • It's true. There are no women on our list of 2014 CEOs of the Year

    Suzanne Stevens
    29 Jan 2015 | 5:09 pm
    The Business Journal's list of 2014 CEOs of the Year does not include a single woman. It didn't go unnoticed. The list will publish in Friday's edition of the Business Journal, but in advance of publication, we introduced readers to the executives in an online gallery. Since then, readers have emailed and tweeted about the lack of diversity. I'm not surprised. We've had multiple discussions about it in our newsroom, and not just in relation to the 2014 selections. More on that in a moment. First,…
  • Atlanta developer has new plans for Friendly, Hobbs site

    Katie Arcieri
    29 Jan 2015 | 3:43 pm
    The chairman of Atlanta-based Halpern Enterprises Inc. confirmed late Thursday that the company has new plans for the high-profile parcel at Friendly Avenue and Hobbs Road that will include residential. Reached briefly by cell phone, Jack N. Halpern said a residential component is being considered at the 6.77-acre site because it would be more favorably received by local decision-makers and the community. "Our goal is to build something that will be successful and be well-received by the community,"…
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    Logistics & Transportation News - Logistics & Transportation News Headlines | Bizjournals.com

  • Federal judge orders Matson to pay $1M in molasses spill plea deal

    Janis L. Magin
    29 Jan 2015 | 7:25 pm
    A federal judge on Thursday sentenced a subsidiary of Matson Inc. to pay $1 million in fines and restitution under a plea agreement reached last fall over charges that Hawaii's largest shipping company illegally discharged more than 230,000 gallons of molasses into Honolulu Harbor in 2013. U.S. Magistrate Judge Richard L. Puglisi ordered Matson Terminals Inc. to pay a fine of $400,000, and restitution of $600,000, which will be divided equally between the Waikiki Aquarium, to support coral programs…
  • New Albany residents sound off on plan that would convert one-way streets

    Cary Stemle
    29 Jan 2015 | 6:46 pm
    More than 100 New Albany residents turned out Thursday evening for their first opportunity to comment on a street study that advocates converting many of the city's one-way downtown streets to two-way. In addition, the study from Washington, D.C.-based Speck & Associates LLC proposes several major changes to New Albany's street grid, including adding bike lanes to promote cycling and reducing the width of driving lanes. The study was prompted by concerns that New Albany will see a drastic uptick…
  • KC officials: $1B has gone Downtown since streetcar approved

    Austin Alonzo
    29 Jan 2015 | 3:18 pm
    Kansas City officials said more than $1 billion has been invested in Downtown since December 2012. On Thursday, representatives of Kansas City's Business Customer Service Center told the Kansas City Streetcar Authority Inc. board that public and private entities have invested more than $1 billion since the 2.2-mile streetcar district was approved. "I'm not saying that that $1 billion is directly tied to the streetcar," said John Pajor, manager of the center better known as KC Biz Care. "I'm just…
  • Keystone XL Oil Pipeline Bill passes without Jones Act Amendment

    Jensen Werley
    29 Jan 2015 | 3:05 pm
    The U.S. Senate has passed the Keystone XL Oil Pipeline Bill, despite assurances from the White House that it would be vetoed. But one aspect of the bill was already left on the cutting-room floor. Sen. John McCain's amendment, which sought to edit the Jones Act to no longer require domestic trade ships to be built in the United States, was not voted on, said Tyler Edgar, spokesperson for Tote Inc., parent company of Sea Star Line LLC. The death of the amendment means that the maritime industry…
  • Streetcar referendum may not be enough to stop project, city attorney suggests

    Sean Ryan
    29 Jan 2015 | 2:39 pm
    Amid a scuffle over how a proposed referendum could affect the Milwaukee streetcar, the city attorney says aldermen can approve the project even if a referendum is pending, and that the project could later be repealed. But an argument could be made that the referendum effort is moot. The letter offers the outline of a legal argument that, regardless of the timing of the referendum, the streetcar may be unaffected by the results. The opinion deals with the situation where Citizens for Responsible…
 
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    Manufacturing News - Manufacturing News Headlines | Bizjournals.com

  • Colorado important to an enlarged Medtronic Inc.

    Greg Avery
    29 Jan 2015 | 8:04 pm
    Medtronic Inc.'s $49.9 billion purchase of Covidien made Colorado the third-largest base of employees for the combined company and a place not likely to see dramatic changes as a result of the deal. The was the take of Chris Cleary, Medtronic's vice president of corporate development, who was key to putting together the deal that closed Monday and made Medtronic the largest medical device company in the world. Medtronic Inc. (NYSE: MDT) now has more than 2,100 employees in the Denver area, primarily…
  • Manitowoc Co. plans to split its cranes, food-service businesses

    David Schuyler
    29 Jan 2015 | 7:19 pm
    The Manitowoc Co. Inc. said Thursday that it intends to split its two businesses - construction cranes and food service equipment - by spinning off one of the units into a separate publicly owned company. Manitowoc-based Manitowoc Co. (NYSE: MTW) said its board has approved a plan that, for now, would separate the food service unit through a tax-free spin-off expected to be completed in the first quarter of 2016. The announcement comes just weeks after billionaire activist investor Carl Icahn revealed…
  • Menomonee Falls building leased to MTI Electronics sold to Austin buyer

    Sean Ryan
    29 Jan 2015 | 3:45 pm
    A year after Menomonee Falls-based MTI Electronics was acquired by an Austin company, its building was sold in a separate deal to an investor from the same Texas community. Real estate investor AIC Ventures, in Austin, bought the 58,000-square-foot Menomonee Falls building leased to MTI Electronics for $3.25 million, according to Colliers International/Wisconsin, which represented the seller in the deal. The sale closed on Wednesday. A year ago in January, MTI Electronics was acquired by VirTex…
  • Strattec Security profits up nearly 50% in second quarter

    Tom Held
    29 Jan 2015 | 3:38 pm
    Increased orders from auto manufacturers boosted Strattec Security Corp.'s profit nearly 50 percent in the second quarter, the Glendale-based company said Thursday. Net income for the quarter that ended Dec. 28, 2014, was $5.8 million, or $1.58 per share, up 48.7 percent compared with $3.9 million, or $1.09 per share, a year earlier. Sales increased 39.2 percent to $224.2 million, compared with $161.1 million in the second quarter of 2013. Strattec (Nasdaq: STRT) produces locking systems for the…
  • Kentucky company a winner in national program held in Louisville

    Rachel Aretakis
    29 Jan 2015 | 1:51 pm
    A national agriculture accelerator held in Louisville awarded $50,000 on Wednesday to two high-tech startups, including one based in Kentucky. For three months, 10 startups from various cities participated in the accelerator program, Village Capital Agriculture: Louisville 2014, where they worked with advisers and investors to scale their businesses. With several sponsors, including local Blue Sky Network and Radicle Capital, the program focuses on impact investing, looking specifically at companies…
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    Media & Marketing News - Media & Marketing News Headlines | Bizjournals.com

  • San Francisco Super Bowl committee shadows Arizona crew

    Brandon Brown
    29 Jan 2015 | 8:16 pm
    It is never too early to start thinking about the next Super Bowl. The Super Bowl 50 Host Committee hosted a small media event Thursday night in downtown Phoenix. Host committee executives talked about what they expected for the 2016 Super Bowl scheduled to be played in San Francisco. Super Bowl 50 Host Committee CEO Keith Bruce said the goal is to make the Super Bowl experience uniquely Bay Area. The Super Bowl 50 Host Committee came to Phoenix to shadow the Arizona Super Bowl Host Committee…
  • The AFL-CIO just became Amazon's landlord

    Marc Stiles
    29 Jan 2015 | 5:06 pm
    Blanchard Plaza, an office tower in downtown Seattle, sold Thursday for $122.66 million, or nearly twice what the property sold for in 2006. The reason the value of the 1983 building increased so much is because Amazon.com leased the building last spring. The lease runs for approximately 11 years, according to an agreement that was recorded with King County. In an ironic twist, the virulently anti-union Amazon has a very union-friendly new landlord: the AFL-CIO Building Investment Trust. The AFL-CIO…
  • Cupertino council members 'drop in' on Apple Campus 2 in amazing state-of-the-city address

    Nathan Donato-Weinstein
    29 Jan 2015 | 4:57 pm
    For weeks now, I've been hearing rumors of how cool Cupertino Mayor Rod Sinks' first State of the City address was going to be. (Yes, you heard me right — "cool" and "State of the City address" in the same sentence.) But things have been very hush-hush, aside from some rather intriguing-looking photos posted to the KMVT Facebook page. Well, the mayor didn't disappoint at the Jan. 28 event. As you can see streaming over on YouTube, Sinks took a nontraditional approach to the annual speech to say…
  • Honolulu architect launches weekly radio show on design

    A. Kam Napier
    29 Jan 2015 | 4:47 pm
    Honolulu architect Matt Gilbertson, president and design director of MGA Architecture, thinks people don't talk enough about what constitutes good design in Hawaii, whether its in architecture, urban planning, or streetscapes. It's a longstanding interest of his, I know—back in 2003, Gilbertson invited me to moderate panel discussion on "Hawaiian Sense of Place" as part of an AIA-Honolulu-sponsored film series. That experience showed me how much people in Hawaii care about the built environment.…
  • Entrepreneurs launch running company with goal of making San Antonio a healthier city

    Stephanie Guzman
    29 Jan 2015 | 3:56 pm
    Local entrepreneurs Manny and Angie Carral wanted to take their juicing business a step further and contribute towards a healthier community. That's why following the success of their business Revolution Coffee and Juice, the husband-and-wife duo launched the San Antonio Running Co. in Southtown this year. The San Antonio Running Co. is a storefront at 711 S. St. Mary's St. that serves as part juice bar, part yoga studio and part running club. The San Antonio Running Co. features a large mural wall…
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    Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com

  • Honolulu architect launches weekly radio show on design

    A. Kam Napier
    29 Jan 2015 | 4:47 pm
    Honolulu architect Matt Gilbertson, president and design director of MGA Architecture, thinks people don't talk enough about what constitutes good design in Hawaii, whether its in architecture, urban planning, or streetscapes. It's a longstanding interest of his, I know—back in 2003, Gilbertson invited me to moderate panel discussion on "Hawaiian Sense of Place" as part of an AIA-Honolulu-sponsored film series. That experience showed me how much people in Hawaii care about the built environment.…
  • For success, make sure you feel comfortable in your own skin

    Beth O'Brien
    29 Jan 2015 | 2:23 pm
    I started my career at General Electric as part of the audit staff, and had the rare opportunity to see virtually every part of the conglomerate's business from the big to small, from manufacturing to financial services. I saw dishwashers and power generators up close, and even watched light bulbs being made. But of all the rather amazing and interesting things I saw, one business drew my special attention: the insurance industry. Why? Because it helps people directly for everything they do throughout…
  • Bowser team puts hold on five projects awarded by Gray

    Daniel J. Sernovitz
    29 Jan 2015 | 2:04 pm
    Mayor Muriel Bowser promised to review projects awarded to developers late in Mayor Vincent Gray's administration. And now we have our first sense of her approach. The new mayor plans to renegotiate three deals for projects on city-owned sites to boost affordable housing, according to a background press briefing from the mayor's economic development team. She also plans to nix a deal for the Parcel 42 project at Seventh Street and Rhode Island Avenue NW and wants more financial information on the…
  • Builders group calls for 'permit simplicity' on tenant improvements

    Ben van der Meer
    29 Jan 2015 | 2:01 pm
    An advocacy group for commercial construction is pushing for a quicker way to get building permits moving, and one city has already taken an interest. What Region Builders Inc. calls "permit simplicity" would allow a designated, pre-qualified professional architect to review plans for tenant improvements on an existing building and sign off within a day. Region Builders executive director Josh Wood said the change would mean plan review would happen at the inspection phase rather than during plan…
  • South Florida construction contracts surge 52% in 2014

    Brian Bandell
    29 Jan 2015 | 1:27 pm
    The construction cranes are popping up like daisies in South Florida, as a study by Dodge Data & Analytics found a 52 percent increase in construction contract awarded here in 2014. There were $10 billion in construction contracts awarded in the tri-county area last year, up from $6.6 billion in 2013. Activity was especially robust in December, with $1.3 billion in contracts awarded, compared to $472 million in December 2013. With all of the condo towers and apartment buildings rising, it's no…
 
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    Retailing & Restaurants News - Retailing & Restaurants News Headlines | Bizjournals.com

  • Planning Commission approves West End Walmart

    Caitlin Bowling
    29 Jan 2015 | 5:34 pm
    Walmart may build its super center in West Louisville after all. After much debate, the Louisville Planning Commission voted Thursday evening to approve Walmart's site plan and variances for a proposed store on the former Philip Morris tobacco factory property at 18th Street and Broadway. The next step is for the plan to go before the Louisville Metro Board of Zoning Adjustment. The proposed super center will be 154,722 square feet and have about 620 parking spaces. It will include a food market,…
  • Cupertino council members 'drop in' on Apple Campus 2 in amazing state-of-the-city address

    Nathan Donato-Weinstein
    29 Jan 2015 | 4:57 pm
    For weeks now, I've been hearing rumors of how cool Cupertino Mayor Rod Sinks' first State of the City address was going to be. (Yes, you heard me right — "cool" and "State of the City address" in the same sentence.) But things have been very hush-hush, aside from some rather intriguing-looking photos posted to the KMVT Facebook page. Well, the mayor didn't disappoint at the Jan. 28 event. As you can see streaming over on YouTube, Sinks took a nontraditional approach to the annual speech to say…
  • Honolulu architect launches weekly radio show on design

    A. Kam Napier
    29 Jan 2015 | 4:47 pm
    Honolulu architect Matt Gilbertson, president and design director of MGA Architecture, thinks people don't talk enough about what constitutes good design in Hawaii, whether its in architecture, urban planning, or streetscapes. It's a longstanding interest of his, I know—back in 2003, Gilbertson invited me to moderate panel discussion on "Hawaiian Sense of Place" as part of an AIA-Honolulu-sponsored film series. That experience showed me how much people in Hawaii care about the built environment.…
  • Entrepreneurs launch running company with goal of making San Antonio a healthier city

    Stephanie Guzman
    29 Jan 2015 | 3:56 pm
    Local entrepreneurs Manny and Angie Carral wanted to take their juicing business a step further and contribute towards a healthier community. That's why following the success of their business Revolution Coffee and Juice, the husband-and-wife duo launched the San Antonio Running Co. in Southtown this year. The San Antonio Running Co. is a storefront at 711 S. St. Mary's St. that serves as part juice bar, part yoga studio and part running club. The San Antonio Running Co. features a large mural wall…
  • Renovations planned for Houston's

    Meagan Nichols
    29 Jan 2015 | 3:16 pm
    Houston's restaurant pulled a $90,000 building permit for upgrades to its outdoor dining area. Allan Goode, a representative with Hillstone Restaurant Group, the company that owns the Houston's chain, said he hopes the project will start within the next month. "We are just renovating the patio and installing a fountain," Goode said. The American steakhouse is located at 5000 Poplar Ave. near the White Station Tower and is one of 11 Houston's across the U.S. The contractor for the project is Michael…
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    Sports Business News - Sports Business News Headlines | Bizjournals.com

  • San Francisco Super Bowl committee shadows Arizona crew

    Brandon Brown
    29 Jan 2015 | 8:16 pm
    It is never too early to start thinking about the next Super Bowl. The Super Bowl 50 Host Committee hosted a small media event Thursday night in downtown Phoenix. Host committee executives talked about what they expected for the 2016 Super Bowl scheduled to be played in San Francisco. Super Bowl 50 Host Committee CEO Keith Bruce said the goal is to make the Super Bowl experience uniquely Bay Area. The Super Bowl 50 Host Committee came to Phoenix to shadow the Arizona Super Bowl Host Committee…
  • Adirondack Flames hockey franchise leaving upstate New York

    Robin K. Cooper
    29 Jan 2015 | 5:46 pm
    The Adirondack Flames minor league hockey team is poised to leave Glens Falls, New York and relocate to Stockton, California after the American Hockey League approved the move. The league announced Thursday that its board of governors has approved the relocation of five franchises to California. Those teams will become part of the league's new Pacific Division. Franchises also will be leaving Manchester, New Hampshire; Worcester, Massachusetts; Norfolk, Virginia and Oklahoma City. The decision…
  • Too early to say whether Bucks' new partner Marquette will pitch in for arena funding

    Rich Kirchen
    29 Jan 2015 | 3:43 pm
    Now that the Milwaukee Bucks are partnering with Marquette University for new on-campus athletic facilities, might we anticipate Marquette contributing to a new arena in downtown Milwaukee? It's still too early to say, Marquette president Mike Lovell said in an interview Thursday after his presidential address. "Actually, we've never even had that conversation yet," Lovell said. Lovell said once a final design is complete for the arena, then Marquette will discuss a possible contribution to the…
  • Glendale crushes Tempe in battle for football fans

    Patrick O'Grady
    29 Jan 2015 | 3:24 pm
    Glendale is the best city for football fans in Arizona, easily beating Tempe and Tucson for the title. That's at least according to a new study by Wallethub, which ranked the cities that host college and pro sports teams. It's not shocking that the city that hosts the Fiesta Bowl and will host Super Bowl XLIX on Sunday is the best for sports fans, but it wasn't even close between its ranking at No. 22 and Tempe at No. 89. The study took only the cities that hosted either an NFL or college team.…
  • Roger Staubach is picking the Pats, and that's good news for Seattle

    Marc Stiles
    29 Jan 2015 | 2:11 pm
    Based on commercial real estate data, football legend Roger Staubach predicts the New England Patriots will defeat the Seahawks in the Super Bowl. Seattle commercial real estate owners should be happy about this because under Staubach's reasoning, the city with the weaker real estate market wins. Seattle Seahawks fans should be happy as well. Last year Staubach, the MVP of the 1972 Super Bowl, picked Denver to win over the Seahawks, and fans worldwide know how that turned out. The former Dallas…
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    Technology News - Technology News Headlines | Bizjournals.com

  • Raytheon acquires Arizona drone maker Sensintel

    Sara Castellanos
    29 Jan 2015 | 8:46 pm
    Raytheon, a defense contractor with a presence in Tucson, earlier this week said it had acquired drone maker Sensintel Inc. Terms of the acquisition were not disclosed. Tuscon-based Sensintel was founded in 1989 and had 50 employees, who will become part of Raytheon Co.'s Missile Systems business. The acquisition wasn't expected to materially impact Raytheon's quarterly or full-year earnings. "Sensintel's expertise in unmanned aircraft systems solutions makes it a natural fit with Raytheon's…
  • Colorado important to an enlarged Medtronic

    Greg Avery
    29 Jan 2015 | 8:04 pm
    Medtronic Inc.'s $49.9 billion purchase of Covidien made Colorado the third-largest base of employees for the combined company and a place not likely to see dramatic changes as a result of the deal. The was the take of Chris Cleary, Medtronic's vice president of corporate development, who was key to putting together the deal that closed Monday and made Medtronic the largest medical device company in the world. Medtronic Inc. (NYSE: MDT) now has more than 2,100 employees in the Denver area, primarily…
  • Obama's 'precision medicine' initiative gets Bay Area face

    Ron Leuty
    29 Jan 2015 | 7:33 pm
    As President Barack Obama offers more details on a "precision medicine" plan outlined in last week's State of the Union speech, the Bay Area will have strong representation Friday at the White House and as a growing number of local companies seek to blend health care and Big Data. Two UCSF officials — vice chancellor of research Keith Yamamoto and neurotrauma expert Dr. Geoffrey Manley — are expected to attend Obama's announcement. They will join other academics, scientists and biomedical company…
  • It's true. There are no women on our list of 2014 CEOs of the Year

    Suzanne Stevens
    29 Jan 2015 | 5:09 pm
    The Business Journal's list of 2014 CEOs of the Year does not include a single woman. It didn't go unnoticed. The list will publish in Friday's edition of the Business Journal, but in advance of publication, we introduced readers to the executives in an online gallery. Since then, readers have emailed and tweeted about the lack of diversity. I'm not surprised. We've had multiple discussions about it in our newsroom, and not just in relation to the 2014 selections. More on that in a moment. First,…
  • UNM names five new directors to Innovate ABQ board

    Dan Mayfield
    29 Jan 2015 | 4:57 pm
    In a short meeting on Thursday afternoon, the University of New Mexico Board of Regents added five new members to the Innovate ABQ Board of Directors and added a 12th board seat. The move comes after controversy late last year over the diversity of the original board. The new group of directors includes younger leaders, entrepreneurs and community leaders. Click on the accompanying slideshow to see images of them. "I think we had so many who were qualified. It's a much more well-balanced group,"…
 
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    Travel Business News - Travel Business News Headlines | Bizjournals.com

  • Hawaiian Airlines parent Hawaiian Holdings reports $11.1M profit in Q4

    Jason Ubay
    29 Jan 2015 | 4:57 pm
    Hawaiian Holdings, Inc., parent company of Hawaiian Airlines, reported a profit of $11.1 million, or 17 cents per diluted share, in the fourth quarter of 2014, compared to $17.1 million, or 31 cents per diluted share, in the same quarter of 2013, the company reported Thursday. For the whole year, Hawaiian Holdings (Nasdaq: HA) reported a $68.9 million profit, or $1.55 per diluted share, compared to $51.9 million, or 98 cents per diluted share, in 2013. Total operating expenses for the quarter dipped…
  • Wedding superstition causes drop in Korean visitors to Hawaii

    Jason Ubay
    29 Jan 2015 | 4:34 pm
    A superstition that warned people not to get married in the latter half of 2014 led to a drop in weddings in South Korea and may have affected travelers to Hawaii, which many Koreans see as a dream honeymoon destination. Daniel Nahoopii, the Hawaii Tourism Authority's director of tourism research, presented the preliminary 2014 visitor data from Hawaii's major markets such as U.S. West and East Coast, Canada, Japan and more at the HTA board meeting on Thursday. Overall, Hawaii tourism industry had…
  • Speedway to remodel dozens of Florida Hess stores by March

    Emon Reiser
    29 Jan 2015 | 2:28 pm
    Have you noticed? Hess convenience stores across South Florida have been quietly converting Speedways since the company's acquisition of Hess Retail Holdings LLC last year. In total, Speedway LLC acquired 1,256 Hess convenience stores, including about 248 Florida stores. About 60 stores across the state have already been converted to the Speedway brand and the remainder will be converted by March, according to a company spokesman. It's the largest conversion in the company's history and it's expected…
  • Hawaii brought in record-breaking 8.3M visitors in 2014

    Jason Ubay
    29 Jan 2015 | 1:54 pm
    Hawaii's tourism industry saw its third record-breaking year in a row in 2014 with 8.28 million visitor arrivals, a 1.3 percent increase from the previous record of 8.17 million visitors in 2013, while total spending grew 2.3 percent to $14.7 billion, according to statistics released Thursday by the Hawaii Tourism Authority. In December, total visitor expenditures reached $1.43 billion, a 3.1 percent gain from the same month last year., as arrivals reached 752,476, a 6.9 percent rise. Arrivals from…
  • DIA launches plan to move TSA out of the terminal’s Great Hall

    Cathy Proctor
    29 Jan 2015 | 1:50 pm
    Denver International Airport today issued an international request for qualifications in hopes of finding a public-private partnership to kick the massive security screening apparatus overseen by the Transportation Security Administration out of the Great Hall inside the Jeppesen Terminal. "We want to get TSA out of the hall," Kim Day said in an interview with the Denver Business Journal. DIA officials say the TSA is supportive of the idea of moving out of the Great Hall. The design would still…
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  • Pioneering bill in Colorado would limit credit-card fees to retailers

    Ed Sealover
    29 Jan 2015 | 11:19 am
    Colorado retailers are seeking a first-in-the-nation exemption from having to pay credit-card interchange fees on local taxes they collect under a bill that is expected to be introduced in the Legislature Thursday afternoon. The proposal sets up a battle between businesses — who say they should not have to pay thousands of dollars per year to the banks that issue credits on tax revenues that they simply collect and pass through to the state — and Colorado bank executives who argue the bill essentially…
  • 5 strategies for better business succession planning

    Rebecca Abrams Sarelson
    29 Jan 2015 | 6:07 am
    When contemplating retirement or simply the possibility of stepping aside, owners of thriving small businesses often feel challenged when planning for the continuation of their businesses. In order to develop an effective succession plan, business owners first need to realize that there is no single approach to succession. What may work for one business may not be effective for another. But here are some general strategies that can be helpful for getting started: 1. Articulate goals for the business It…
  • National Bank of Arizona showcases Arizona entrepreneurs with Super Bowl ad

    Hayley Ringle
    29 Jan 2015 | 5:00 am
    National Bank of Arizona is making its Super Bowl debut with a locally aired commercial highlighting five homegrown businesses. The goal is to show what's right in Arizona and spotlight some of NBAZ's local clients, said Jathan Segur, the bank's executive vice president. "We believe we will be the only spot featuring Arizona businesses in the Super Bowl," Segur said. The 30-second commercial will air during the third quarter of Sunday's game – but only in Arizona. The commercial was shot in…
  • So you just lost your energy job. Now what?

    Joe Martin
    28 Jan 2015 | 3:43 pm
    If you're one of the 9,000 Schlumberger employees who found out their job was being cut, or the BP folks who were asked to pack up and leave, you're probably wondering what your next step should be. Now would be a good time to become CEO of your own business, said Tim Jeffcoat, director for Houston's Small Business Association district. Got Energy? Sign up for our Energy Inc. newsletter here "Each time there is a downturn in the economy, it presents an opportunity to try a new path," he said.…
  • 3 ways a leader can sabotage succession planning

    Andy Birol
    28 Jan 2015 | 7:01 am
    When it comes to succession planning, so many things must work in sync or the entire rhythm is thrown off. You can raise your chances of success through careful planning, which must include agreement between the outgoing and incoming leadership regarding the firm's direction and a timetable for the transition, but even the best plan can't make up for a poor performance. That's why it's important to take time to consider how you'll execute your plan and grow the business during the transfer of power. With…
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    Albany Business News - Local Albany News | Business Review of Albany

  • Adirondack Flames hockey franchise leaving upstate New York

    Robin K. Cooper
    29 Jan 2015 | 5:46 pm
    The Adirondack Flames minor league hockey team is poised to leave Glens Falls, New York and relocate to Stockton, California after the American Hockey League approved the move. The league announced Thursday that its board of governors has approved the relocation of five franchises to California. Those teams will become part of the league's new Pacific Division. Franchises also will be leaving Manchester, New Hampshire; Worcester, Massachusetts; Norfolk, Virginia and Oklahoma City. The decision…
  • De Blasio brings tech to the table to bolster bid for DNC

    Ben Fischer
    29 Jan 2015 | 4:49 pm
    Former Facebook president Sean Parker can add another title to his resume: Co-chair of the host committee for New York's bid to host the 2016 Democratic National Convention. Parker's name stands out on an otherwise fairly predictable list of business execs, and political and labor leaders who have long been associated with NYC civic efforts. While he's gradually become a New Yorker in recent years (for better or worse), Parker is still far younger and less well-known than most the list. Also coming…
  • ​Amazon's headcount tops 150,000 after adding nearly 40,000 employees in 2014

    Rachel Lerman
    29 Jan 2015 | 4:40 pm
    It turns out all the cranes dotting the sky above Seattle's South Lake Union neighborhood are necessary. At least, necessary for Amazon -- the company needs them to make room for its booming employee count. Amazon now has 154,100 employees worldwide, 36,800 more employees than it had a year ago. It added 5,000 employees in the last quarter alone. Amazon's headcount doesn't even include its contractors who work in the company's huge warehouses or its tens of thousands of seasonal holiday workers.…
  • Off The List: The other skills students need in the workplace

    Todd Kehoe
    29 Jan 2015 | 11:47 am
    Reading, writing, arithmetic … and public speaking? This week's List is Employment Services in the Capital Region — coming Friday! — and we asked staffing agencies about what they'd have high schools and colleges teach to help their students get jobs. Much has been made about the skills gap and workforce development in the region, particular in STEM fields, when it comes to educating the next generation of the high-tech workforce. But when it comes to the "soft skills" — particularly communication…
  • GlobalFoundries GM talks IBM job cuts, Fab 8 construction

    Chelsea Diana
    29 Jan 2015 | 10:25 am
    An IBM Corp. restructuring on Wednesday cut "several thousand" workers from the payroll. But GlobalFoundries' executives said jobs in Vermont and East Fishkill, New York were largely spared thanks to GlobalFoundries' $1.5 billion contract to acquire IBM's computer chip business. The companies announced in October that IBM would pay $1.5 billion over three years for GlobalFoundries to takeover IBM's computer chip business in Essex Junction, Vermont and East Fishkill, New York. In return, GlobalFoundries…
 
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    Albuquerque Business News - Local Albuquerque News | Albuquerque Business First

  • UNM names five new directors to Innovate ABQ board

    Dan Mayfield
    29 Jan 2015 | 4:57 pm
    In a short meeting on Thursday afternoon, the University of New Mexico Board of Regents added five new members to the Innovate ABQ Board of Directors and added a 12th board seat. The move comes after controversy late last year over the diversity of the original board. The new group of directors includes younger leaders, entrepreneurs and community leaders. Click on the accompanying slideshow to see images of them. "I think we had so many who were qualified. It's a much more well-balanced group,"…
  • Here's what will happen to NM's economy if oil price decline persists

    Sal Christ
    29 Jan 2015 | 2:35 pm
    See clarification at end of article. While New Mexicans may enjoy lower prices at the gas pump, lagging crude oil prices could mean a hard hit to the state economy and job market as early as summer 2015 — even in areas where oil production has boomed the last couple of years. "It will take several months of low energy prices before we see it [negative effects] in the employment market," said Jim Peach, an economist teaching in the economics and international business department at New Mexico…
  • Right-to-work legislation passes first hurdle in House

    Dan Mayfield
    29 Jan 2015 | 1:29 pm
    The first major battle for right-to-work legislation in New Mexico cleared the House Business and Employment Committee on an 8-5 party-line vote Thursday morning. It wasn't a surprise to Beverlee McClure, the president of the Association of Commerce and Industry. "I'll tell you what was a surprise," she said, "it's how emotional the issue was and how union workers have been misled. That puts you in a hard sitaituaion. I think what was a surprise — we didn't debate the bill on facts, it was debated…
  • Albuquerque ranks low for ROI on police work

    Andy Beale
    29 Jan 2015 | 12:50 pm
    A recent study by investment-advice website WalletHub looked at the return on investment on police work for cities across the country and found Albuquerque is getting a low return compared to other U.S. cities. Albuquerque placed 69th out of 110 U.S. cities in terms of return on investment on police spending, according to the study. The data was normalized to account for poverty rates, unemployment rates and median household incomes. Albuquerque was 65th highest for crime, while police spending…
  • SunZia line put on 60-day hold

    Dan Mayfield
    29 Jan 2015 | 12:47 pm
    Just days after the Secretary of the Interior held a major press conference to say the SunZia transmission project can go forward, New Mexico Land Commissioner Aubrey Dunn issued a 60-day right-of-entry suspension on the endeavor. The commissioner said he wanted to review the line's route, some of which has been planned for six years. Dunn was just recently elected commissioner and has been in office less than a month. The SunZia line is a 515-mile transmission line designed to distribute renewable…
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    Atlanta Business News - Local Atlanta News | Atlanta Business Chronicle

  • Plant Vogtle expansion delayed another 18 months

    Dave Williams
    29 Jan 2015 | 2:50 pm
    The completion of the Plant Vogtle nuclear expansion will be delayed by 18 months, Georgia Power Co. and Atlanta-based parent Southern Co. announced Thursday. In a filing with the Securities and Exchange Commission, the utilities wrote they have been informed by the $14.5 billion project's prime contractors, Westinghouse Electric Co. LLC and CB&I/Stone & Webster, that the first of two new nuclear reactors at the plant south of Augusta, Ga., won't be finished until the second quarter of 2019, a year…
  • Savannah Harbor project begins with historic ship recovery

    Dave Williams
    29 Jan 2015 | 12:29 pm
    Workers deepening the Port of Savannah will have to deal with the past before they can clear the way for the future. Raising a Confederate ship scuttled in 1864 to keep it out of Yankee hands as Gen. William T. Sherman's Union army descended on Savannah was the first order of business Thursday as construction began on the long-awaited port project. Once the CSS Georgia is off the bottom of Savannah Harbor, work will begin to deepen the port from 42 feet to 47 feet to accommodate a new generation…
  • Atlanta casting round-up: Ben Affleck film, De Niro film and more

    Ellie Hensley
    29 Jan 2015 | 11:54 am
    Ben Affleck film "The Accountant," which is currently shooting in Atlanta, is seeking "big mean guys" and "white collar business types" to play male prisoners for a scene to be filmed Feb. 9. Producers are looking men of all ages up into their 80s. For more information, click here. "Dirty Grandpa," an independent comedy starring Zac Efron and Robert De Niro, has issued its final casting call. The call includes requests for submissions of criminal types, men and women of all ethnicities ages 18 and…
  • Georgia House passes mid-year budget

    Dave Williams
    29 Jan 2015 | 11:51 am
    Gov. Nathan Deal's $21.1 billion mid-year budget request sailed through the Georgia House of Representatives Thursday. The House voted unanimously to send to the state Senate $276 million in additional spending above the current budget, which covers state spending through June 30. Almost half of that money – $128.5 million – would be added to the K-12 school funding formula to account for student enrollment growth since the last school year. Other high profile appropriations in the mid-year…
  • Bill proposes expansion of film tax credit for veterans

    Ellie Hensley
    29 Jan 2015 | 11:34 am
    Georgia representatives seek to expand the state's income tax credit for film, video or digital production to provide additional credits for productions that employ military veterans. On Jan. 29, Reps. Pam Dickerson (D-Conyers), John P. Yates (R-Griffin), Earnest Smith (D-Augusta) and Pam Stephenson (D-Decatur), among others, introduced House Bill 150, which would award any production company that hires a veteran who is a Georgia resident an additional credit for 5 percent of the salary of each…
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    Austin Business News - Local Austin News | Austin Business Journal

  • Austin's W Hotel and ACL theater back on the market

    Jan Buchholz
    29 Jan 2015 | 2:44 pm
    The W Hotel and Residences, along with the ACL Live concert venue and a variety of shops and offices, are back on the market. In a document filed Thursday with the U.S. Securities and Exchange Commission, developer Stratus Properties Inc. (Nasdaq: STRS) informed investors of its intent to "explore a possible sale" of the 36-story mixed-use development at 200 Lavaca St. This isn't the first time the property has been on the market. Stratus and joint venture partner Canyon-Johnson Urban Fund II LP…
  • Austin-Bergstrom Airport sets traffic record, not to mention BBQ sales

    Chad Swiatecki
    29 Jan 2015 | 1:02 pm
    Austin-Bergstrom International Airport set its fourth straight yearly traffic record in 2014, with 10.7 million passengers reflecting a 7 percent increase on 2013's total. The City of Austin's statement said the airport has experienced passenger growth for five consecutive years and 59 of the last 60 months. One large component to the traffic growth has been the addition of a nonstop flight to London Heathrow Airport from British Airways, which debuted in March and has generated nearly 1 million…
  • Sneak peek: A chance to preview Austin's Parade of Homes

    Jan Buchholz
    29 Jan 2015 | 12:54 pm
    Construction is in full swing on Austin's 60th Annual Parade of Homes that will be held in Lakeway this spring. Click on the photo to see a slideshow of renderings of some of the homes that will be featured as well as a map of the tour site. Serene Hills on Texas 71 west of Bee Cave Parkway is the site of this year's event, which begins May 22 and runs through June 7. The homes range in price from $1.8 million to $2.8 million. The builders include Eppright Custom Homes, Texas Custom Construction,…
  • Live Oak Barbecue to close down

    Chad Swiatecki
    29 Jan 2015 | 12:46 pm
    Live Oak Barbecue on East Second Street will close on Sunday after four years in business. Co-owner Randall Stockton said the decision to close was made because of increasing competition from other restaurants in East Austin, especially in the barbecue niche. "It came down to the simple math because when we opened, Franklin [Barbecue] didn't even have a brick-and-mortar place, and now there's so many barbecue places on the east side," said Stockton, who also owns Beerland, Rio-Rita, The Aristocrat…
  • Texas business groups react to plan to abolish Emerging Technology Fund

    Kimberly Reeves
    29 Jan 2015 | 12:30 pm
    Gov. Greg Abbott's action toward abolishing the Emerging Technology Fund would bolster the state's efforts to create additional nationally competitive research universities in Texas, a key business association says. Under a proposal announced Thursday morning by Abbott, the Emerging Technology Fund would be scuttled, its portfolio transferred to the Comptroller's Office and its $136 million in unexpended balances equally split between faculty recruitment efforts at the Texas Higher Education Coordinating…
 
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    Baltimore Business News - Local Baltimore News | Baltimore Business Journal

  • $26.7M Lexington Market master plan would overhaul building, add farmers market

    Kevin Litten
    29 Jan 2015 | 2:08 pm
    City officials on Thursday released a master plan calling for a sweeping $26.7 million overhaul of Lexington Market aimed at making it "one of the finest public markets in the country." The plan calls for gutting and rebuilding the eastern side of the market on Eutaw Street; demolishing the adjacent Arcade and replacing it with an outdoor farmers market; and redeveloping the smaller west market. The plan would also place limits on the type of vendors featured at the market, greatly reducing the…
  • University of Maryland athletics red ink nearly tripled in fiscal 2014

    Mark Holan
    29 Jan 2015 | 12:17 pm
    The athletic department at the University of Maryland at College Park had a $3.5 million operating loss in the 2014 fiscal year, up from $1.2 million in 2013, according to information presented to the Board of Regents' Finance Committee on Thursday. Such losses total nearly $10 million dating to 2010. But Bob Page, University System of Maryland vice chancellor for financial affairs, told me the athletic department does not expect to add to that. Why so confident? At least $35 million in Big Ten…
  • If you've bought tickets at Rams Head Live! or Pier 6 Pavilion, you could get $5 vouchers

    Rick Seltzer
    29 Jan 2015 | 12:14 pm
    If you bought tickets at Rams Head Live! or Pier 6 Pavilion in Baltimore a few years ago, you just might end up with some unexpected $5 vouchers courtesy of a class-action settlement. A lawsuit moving toward completion in Baltimore City Circuit Court would provide certificates worth $5 to customers who bought tickets to either Rams Head Live! or Pier 6 Pavilion in Baltimore between March 14, 2011, and March 14, 2013. Customers wouldn't necessarily be limited to a single certificate — they'd be…
  • Johnny Unitas game-worn Baltimore Colts jersey could fetch $100K at auction

    Ryan Sharrow
    29 Jan 2015 | 12:04 pm
    A rare jersey worn by Baltimore Colts legend Johnny Unitas is headed to auction this weekend. The classic blue No. 19 jersey with white shoulders is a late addition to a Super Bowl auction taking place on Saturday in Phoenix. Online bidding for the jersey is also underway. Auction house Hunt Auctions says the size 46 jersey displays "incredible usage wear" throughout "with discoloration and dirt staining to the white numbers and scattered pulls in the fabric." The MacGregor manufactured jersey…
  • Here's when you can buy tickets for Billy Joel's summer M&T Bank Stadium concert

    Sarah Meehan
    29 Jan 2015 | 10:47 am
    City officials lauded Billy Joel's upcoming performance at M&T Bank Stadium as proof positive that Baltimore is becoming a world-class destination for entertainers and tourists alike. Joel will play at the stadium July 25, the Business Journal first reported Wednesday. Mayor Stephanie Rawlings-Blake officially announced the concert Thursday morning at a press event at M&T Bank Stadium, complete with a baby grand piano and a three-minute video showcasing Joel's past performances. (The piano was just…
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    Birmingham Business News - Local Birmingham News | Birmingham Business Journal

  • Alabama Telco rebrands as Avadian Credit Union

    Ty West
    29 Jan 2015 | 2:41 pm
    Alabama Telco Credit Union has rebranded as Avadian Credit Union. The Birmingham-based credit union, which has at least 17 branches across the state, was initially founded in 1934 to serve employees of the telephone company and their families. Since that time, regulatory changes have allowed credit unions to expand their presence and serve wider populations. Linda Cencula, CEO of Avadian, said the company spent several years researching to find a new name - looking for something that didn't tie…
  • Large indoor go-kart track planned for Bessemer

    Bryan Davis
    29 Jan 2015 | 2:20 pm
    Autobahn Indoor Speedway, a Jacksonville, Fla.,-based operator of go-kart tracks, is coming to Birmingham. The company will open it's first Alabama indoor electric go-kart race track at 5960 Greenwood Pkwy. in Bessemer in June, according to Autobahn partner Bill Harris. "We're very excited to be coming to Birmingham," Harris said in an interview with the BBJ. Autobahn inked a 53,000-square-foot lease at the Bessemer location. Jack Brown of Graham & Co. represented the tenant, and Merrimon Epps…
  • Birmingham CEO gives $3M to UA's Culverhouse College

    Alan Alexander
    29 Jan 2015 | 2:13 pm
    The founder of Vulcan Value Partners C.T. Fitzpatrick and his wife, Kelly, have donated $3 million to the Culverhouse College of Commerce at the University of Alabama. The gift will be used to fund the Vulcan Value Partners Research Library and Trading Room, which will offer a value investing specialization for both undergraduate and graduate students. "The university has produced some fantastic individuals who can move the needle around the world," Fitzpatrick said. "We hope to create an army…
  • What Alabama's incentives overhaul could mean for Birmingham

    Bryan Davis
    29 Jan 2015 | 2:03 pm
    Alabama has reeled in a number of huge economic development projects in recent years, including Airbus, Remington Arms and, most recently, Polaris. The projects will produce thousands of high-end manufacturing jobs for the state, but could Alabama, and the Birmingham region in particular, be missing out on opportunities to land more companies? According to the Alabama Department of Commerce, a recent study by CBRE Economic Incentives Group found the state is not as competitive as its Southern neighbors…
  • Loveman Village may be site of $70M redevelopment

    Bryan Davis
    29 Jan 2015 | 1:00 pm
    Aging public housing development Loveman Village could be the site of a $70 million redevelopment that could be a growth catalyst for the surrounding area. According to a report from AL.com, the Titusville neighborhood could be leveled and rebuilt as part of the Rental Assistance Demonstration program. RAD, as opposed to Hope VI, allows the housing authority to mortgage properties like Loveman Village in order to seek private loans for redevelopment. The relaxation of HUD rules could result in…
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    Boston Business News - Local Boston News | Boston Business Journal

  • Judge denies Partners HealthCare expansion plans

    Jessica Bartlett
    29 Jan 2015 | 1:56 pm
    The state's largest health care system will have to go to court if it wants to expand, after a judge ruled that Partners HealthCare's proposed acquisitions of several community hospitals would create unfair competition in the marketplace. In a 40-page ruling issued Thursday afternoon, Suffolk Superior Court Judge Janet Sanders said the settlement would "cement Partners' already strong position in the health care market ... to exact higher prices from insurers for the services its providers render." Healey…
  • Tufts Medical School to host medical education hackathon

    Jessica Bartlett
    29 Jan 2015 | 1:19 pm
    Medical school can only go so far to prepare future doctors for the world of health care, and developers often have little insight into what technology the medical education system may need to help close that gap. But Tufts University School of Medicine, in partnership with hackathon hosts Major League Hacking and Tufts' health care innovating program MedStart, is working to solve that problem, bringing the school's brightest minds and innovators together in a hackathon from Friday to Sunday to…
  • RunKeeper now lets users listen to Spotify songs in its mobile app

    Sara Castellanos
    29 Jan 2015 | 1:01 pm
    Boston marathoners rejoice: You can now listen to your favorite songs on Spotify by using the RunKeeper mobile app. Boston-based fitness tracker mobile app RunKeeper announced Thursday its integration with Swedish digital music company Spotify. Now you'll never have an excuse to leave the RunKeeper app during workouts, marathon-related or otherwise. "This is just the beginning, and we'll continue working on ways in which RunKeeper data can power a more intelligent, personalized music experience,"…
  • BU buys Beacon Street building from Lesley University for $11.5M

    Mary Moore
    29 Jan 2015 | 12:01 pm
    Boston University has bought a Kenmore Square building from Lesley University's for $11.5 million in a deal that closed Jan. 20, Lesley University President Joseph Moore has confirmed. The building at 700-704 Beacon St. had housed Lesley University's College of Art and Design. Until the late 1990s, the building had been known as the Art Institute of Boston until the Art Institute merged with Lesley University. In selling the Beacon Street building to Boston University, Lesley University also gave…
  • Vertex head of research, Broad co-founder David Altshuler to meet with Obama Friday

    Don Seiffert
    29 Jan 2015 | 11:35 am
    Vertex Pharmaceuticals has confirmed that its head of research, David Altshuler, will attend a gathering that includes President Barack Obama at the White House on Friday to discuss the president's new initiative to focus on precision medicine. Zach Barber, spokesman for Boston-based Vertex (Nasdaq: VRTX), said in an email to the Boston Business Journal that Altshuler received an invitation from the White House to attend a meeting which includes the president and which "highlight(s) investments…
 
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    Buffalo Business News - Local Buffalo News | Business First of Buffalo

  • Acquisition will take City Dining Cards into Canada

    Dan Miner
    29 Jan 2015 | 1:23 pm
    City Dining Cards has finalized the acquisition of a small company in Canada which will serve as the focal point of its strategy to push into Southern Ontario. Taste Locally's founder, Logan Hayman, approached City Dining Cards last year to explore a collaboration. The move coincided with City Dining Card's strategy to tackle the Canadian market and rapidly turned into an acquisition. Taste Locally and Hayman have been moved from Victoria to the St. Catharines region and become a subsidiary, incorporated…
  • Lobbying effort to have N.F. booked for HGTV show

    James Fink
    29 Jan 2015 | 1:02 pm
    A push is being made to include the Isaiah 61 rehab project in Niagara Falls in a future segment of HGTV's "Rehab Addict" program. Sen. Charles Schumer is lobbying Nicole Curtis, "Rehabit Addict's" host, to travel to Niagara Falls and film a segment about Isaiah 61 and the impact it is having in the city. The Isaiah 61 project plans to renovate the circa 1917 Highland Avenue Firehouse and making it a training center where unemployed or underemployed in Niagara Falls can learn a building trades…
  • East Aurora firm to work on Big East hoops campaign

    David Bertola
    29 Jan 2015 | 1:01 pm
    A new campaign to promote the Big East Conference basketball tournament was created by East Aurora-based marketing firm Cenergy. The campaign, dubbed "Make it Here," includes elements to be shown on New York City subways, in print, on TV and throughout Madison Square Garden, where the tournament will be held from March 11 to 14. The tournament concludes before the annual NCAA basketball tournament, which begins March 17. Cenergy Principal John Cimperman said that his agency pitched the Big East…
  • BlueCross BlueShield launches new health benefit

    Tracey Drury
    29 Jan 2015 | 12:54 pm
    Over the next month, 220,000 Western New York households will receive a blue box in the mail from BlueCross BlueShield of WNY aimed at taking its "healthy changes everything" tagline a step further. The boxes, which will go to all member households, contain a set of two-for-one discount cards from City Dining Cards: One with 50 discounts for healthy meals at area restaurants; and a second deck with 50 discounts for healthy lifestyle activities, such as kayak rentals with Buffalo Harbor Kayak; ice…
  • Falling Canadian dollar under watch in Buffalo area

    Allissa Kline
    29 Jan 2015 | 12:05 pm
    The sinking Canadian dollar fell below the 80-cent mark Thursday, sparking some concern that the decline in value will slash the number of Canadian visitors who come to the Buffalo area to spend money. Pushed down by decreasing oil prices, the loonie fell to just under 79 cents at mid-day before rising in the early afternoon to 79.2-cent mark. One area economist wonders how low it will go. "Short-term, there will be fewer Canadian shoppers in Western New York," said Gary Keith of M&T Bank. "Clearly…
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    Charlotte Business News - Local Charlotte News | Charlotte Business Journal

  • Terwilliger Pappas planning new apartment complex in South End

    Will Boye
    29 Jan 2015 | 3:24 pm
    Apartment development firm Terwilliger Pappas is evaluating a 3.5-acre site at the corner of South Boulevard and Remount Road in Charlotte's South End for a new multifamily complex. The land at the corner of South and Remount is owned by a limited liability company called Cherokee Southline that is managed by Pappas Properties. Both Terwilliger Pappas and Pappas Properties are headed by developer Peter Pappas. A Terwilliger Pappas spokesman says the development plans have been accelerated by the…
  • Jeff Gordon on life beyond the race track

    Erik Spanberg
    29 Jan 2015 | 1:57 pm
    Among other things, Rick Hendrick believes soon-to-retire NASCAR driver Jeff Gordon can sell corporate sponsorships, mentor younger racers, work as a spokesman and bolster social-media campaigns. Before that, Hendrick, owner of Hendrick Motorsports, told a roomful of reporters the 43-year-old Gordon should win 14 races and the season championship in 2015. The 14 wins and the championship might have been said (partly) in jest, but the other responsibilities at Hendrick's $348 million racing enterprise…
  • Matthews startup gets $75,000 from Innovation Fund North Carolina

    John Downey
    29 Jan 2015 | 12:48 pm
    TVL International, the Matthews company developing the SmartCharge LED bulb that operates even during a power outage, has won a $75,000 loan award from the Innovation Fund North Carolina. Founder and CEO Shailendra Suman says the money will be used pay for getting the latest iteration of the SmartCharge bulb certified by Underwriters Laboratories, as well as for tooling and bulb molding for production and for marketing expenses. TVL must match the loan dollar for dollar as it produces the new line…
  • Update: New buyer purchases Coliseum Center on East Independence for $5.8 million

    Will Boye
    29 Jan 2015 | 12:30 pm
    Here's an update to a story I wrote a year ago about Coliseum Center, the largely vacant retail center located on East Independence Boulevard: The downtrodden property has a new owner, but it's not the Texas firm that had it under contract back in February 2014. Last year, FMOC, a Texas real estate investment firm, was under contract to buy the 218,000-square-foot Coliseum Center property and was planning $15 million in renovations for the center, including a new facade, new roofs, exterior lighting,…
  • This Charlotte hotel is among U.S. News' Best in the USA

    Rebecca Troyer
    29 Jan 2015 | 11:43 am
    The Ritz-Carlton, Charlotte has landed on U.S. News & World Report's list of the "2015 Best Hotels in America." Only four North Carolina hotels made the list; the other three are the Old Edwards Inn and Spa in Highlands, The Umstead Hotel and Spa in Cary and the Fearrington House Inn in Pittsboro. The Ritz ranks No. 72 on the national list. The top-ranked hotel in the U.S. is the Rancho Valencia Hotel & Spa in Rancho Santa Fe, California. Also this week, the posh uptown Charlotte hotel was among…
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    Cincinnati Business News - Local Cincinnati News | Business Courier of Cincinnati

  • Unions: Understaffing at VA hospital puts care for Cincinnati veterans at risk

    Barrett J. Brunsman
    29 Jan 2015 | 12:01 pm
    Workers at the Cincinnati VA Medical Center are being pushed to their limits because of understaffing, and that could jeopardize care for veterans treated at the hospital, according to officials with two local unions that represents many of the 2,060 employees. "Nearly every department needs more staff," said Charles Smith, president of VA Local 2031 of the American Federation of Government Employees. "Nurses are grossly understaffed. Doctors are understaffed. Our laboratory is understaffed, our…
  • This Cincinnati-made independent film will premiere in February (VIDEO)

    Andy Brownfield
    29 Jan 2015 | 12:00 pm
    An independent movie filmed in Cincinnati is premiering in the Queen City over Valentine's Day weekend before being released globally in March. "Ctrl+Alt+Dance" is a project by native Cincinnatians Gex (pronounced Jay) Williams and Brian Crone, who served as producer and director and producer respectively. It follows Colin, a recently-fired software specialist who is mistakenly hired as a dance teacher at a local school. Over the course of the movie, he literally and metaphorically dances around…
  • Here’s why analysts say Fifth Third prospects have dimmed

    Steve Watkins
    29 Jan 2015 | 11:07 am
    Two analysts dropped their views of how Fifth Third Bancorp's stock will fare shortly after the Cincinnati-based bank released quarterly results last week. One widely known firm, Standard & Poor's Capital IQ, cut its expectations for Fifth Third shares by 11 percent. Analyst Erik Oja lowered his 12-month price target to $20 from the $22 he had previously been expecting. Its tightened net interest margins caused Oja to lower his earnings estimate for this year to $1.71 per share from $1.77, he wrote…
  • Cincinnati public company paid $800K to retired CEO

    Steve Watkins
    29 Jan 2015 | 10:52 am
    One of Cincinnati's smaller public companies paid its retired CEO a large sum upon his retirement. LSI Industries Inc. paid outgoing CEO Bob Ready $800,000, LSI said Thursday in releasing its fiscal second-quarter earnings. That's almost a full year's income for him. Ready received $928,000 in compensation last fiscal year. Ready retired as CEO in October, when LSI (Nasdaq: LYTS) hired Dennis Wells as COO to be groomed as CEO. The 74-year-old Ready became executive chairman then, and the plan was…
  • Cincinnati pop-up chef opening restaurant

    Andy Brownfield
    29 Jan 2015 | 10:24 am
    One of Cincinnati's best-kept culinary secrets is getting a permanent brick-and-mortar home in 2015. Please started out in 2011 as a pop-up dining event. Ryan Santos would send an email out each month to an ever-growing list of subscribers. They'd meet at a designated space – anywhere from tables set up outdoors to restaurants that were closed for the day – and Santos and company would cook for anyone who made a reservation. Santos told me opening a restaurant is the next logical step after…
 
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    Columbus Business News - Local Columbus News | Business First of Columbus

  • Linworth Crossing retail center looking for restaurants, gourmet market

    Brian R. Ball
    29 Jan 2015 | 1:13 pm
    The planned Linworth Crossing retail center on the site of the former Segna Motors Inc.'s Volvo dealership site has moved a bit closer to construction. The Worthington Architectural Review Board and Worthington Municipal Planning Commission on Jan. 15 reviewed plans for the 40,000-square-foot development on 5.2 acres. A vote on the project may occur on Feb. 12. I first wrote about the project in mid-2013. The retail center has undergone some changes as the city and developer resolved some traffic…
  • Shoply Labs launches app to help shoppers find deals

    Carrie Ghose
    29 Jan 2015 | 12:43 pm
    The entrepreneur who had to move to Dallas when his mobile survey business was acquired two years ago is back in Dublin with a new startup, Shoply Labs LLC, and has launched a "shopping genie" app. A test version of Shoply went to a few users in September and the final app launched in time for Black Friday. The company hasn't done much marketing but has built to 2,000 users, 25 percent of whom visit the app daily, founder and CEO Pala Kuppusamy said. Shoply aims to organize, store and recommend…
  • OSU Wexner Medical Center COO Peter Geier to resign

    Carrie Ghose
    29 Jan 2015 | 11:50 am
    Peter Geier will resign Dec. 1 as chief operating officer of Ohio State University Wexner Medical Center and CEO of its OSU Health System, the school said Thursday. Geier will stay to aid the transition when incoming medical Center CEO Dr. Sheldon Retchin takes office in March, and the two already are working together, the school said. Retchin was on hand for Wednesday's meeting of the medical center trustees. The medical center hired Geier in 2001, when it was going through financial difficulty,…
  • EXCLUSIVE: Nationwide Realty planning more Arena District condos

    Evan Weese
    29 Jan 2015 | 11:47 am
    Nationwide Realty Investors Ltd. is moving ahead with a plan to build new condominiums adjacent to McFerson Commons in a project that would be the final piece of the original Arena District master plan. Nationwide Realty President Brian Ellis said the development is targeted for the surface parking lot next to the Eye Center, a prime piece of real estate. "We've saved the best site for last," he said. "It's going to have tremendous views of the downtown skyline, it's going to be situated on not…
  • Indus completes purchase of Hilton Garden, Hampton hotels at Port Columbus

    Brian R. Ball
    29 Jan 2015 | 10:56 am
    Columbus hotelier David Patel has re-entered the lodging submarket at Port Columbus International Airport after an ever-so-brief absence. Patel's Indus Hotels late last week completed the purchase of the Hampton Inn and Hilton Garden Inn nearly two years after Dallas-based Realty Capital Partners paid $16.6 million for the properties. I first reported on Patel's plans to buy the properties in November. "We were looking for expansion opportunities," Patel told me. The pair of hotels "is in our…
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    Dallas Business News - Local Dallas News | Dallas Business Journal

  • Toyota leader highlights North Texas' appeal to business leaders

    Candace Carlisle
    29 Jan 2015 | 7:23 pm
    At Thursday's North Texas Commission luncheon, Toyota leader Osamu "Simon" Nagata highlighted the advantages for the Japanese automaker to set up its new North American headquarters in Plano. The beginning of Toyota's relocation decision can be traced to the company's close, decade-long relationship with the Lone Star state. So far, Toyota (NYSE: TM) has brought $2.2 billion of investment and nearly 3,000 jobs to Texas. "On the business side, our idea of creating one Toyota will really allow us…
  • Worker skills, declining exports, plunging oil challenge manufacturers

    Bill Hethcock
    29 Jan 2015 | 1:00 pm
    Finding qualified workers, falling oil prices and declining exports are major challenges facing North Texas manufacturers — but it's a sector accustomed to making the best out of difficult situations, industry representatives said Thursday. Falling oil prices are "a mixed bag" for manufacturers, depending on the company, its product and other factors, said Paul Mayer, CEO of the Garland Chamber of Commerce. Garland is one of the state's top manufacturing cities, with two of the nation's largest…
  • Texas business group praises plan to abolish Emerging Technology Fund

    Kimberly Reeves
    29 Jan 2015 | 12:58 pm
    Gov. Greg Abbott's action toward abolishing the Emerging Technology Fund would bolster the state's efforts to create additional nationally competitive research universities in Texas, state business leaders say. Under a proposal announced Thursday morning by Abbott, the Emerging Technology Fund would be scuttled, its portfolio transferred to the Comptroller's Office and its $136 million in unexpended balances equally split between faculty recruitment efforts at the Texas Higher Education Coordinating…
  • How a Dubai-based investor will develop a $700M project in Frisco

    Candace Carlisle
    29 Jan 2015 | 12:53 pm
    If Dubai-based Invest Group Overseas CEO Anas Kozbari could sum up his $700 million, 41-acre project in Frisco into one word, he'd use the word: Niche. "Niche does not mean expensive," said Kozbari, who is heavily involved in his firm's pilot U.S. project in Frisco -- called The Gate -- which could determine if the Dubai-based investment firm puts more funds into this country's real estate. "Niche means classy and will speak the minds and the hearts of the people." The Gate, which could expand…
  • Well-endowed: UT fund trails only Harvard in national ranking

    Chad Swiatecki
    29 Jan 2015 | 11:59 am
    A growth rate of 24 percent helped the University of Texas' endowment fund surge to $25.4 billion last year, making it the second-largest university fund in the nation. Bloomberg reports that UT passed Yale's $23.9 billion as of the year ending June 30 and follows only Harvard's massive $35.9 billion fund. Much of UT's growth came from strong performance in the oil and gas sector through the first half of last year, with oil leases throughout the state and other related income growing to $8 billion…
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    Dayton Business News - Local Dayton News | Dayton Business Journal

  • $27.5M in construction work coming to Dayton airports

    Tristan Navera
    29 Jan 2015 | 12:20 pm
    The Dayton International Airport looks to be on track for funding to some planned upgrades. Dayton City Commission accepted Wednesday morning $25 million in grants that will benefit the Dayton International Airport and Dayton-Wright Brothers Airport. The money comes through the U.S. Department of Transportation's Airport Improvement Program, which gives grants to support airport upgrades. The funding comes over a two-year period — and stipulated the city's department of aviation front another…
  • The Barrel House co-founder talks about its unique design (Video)

    29 Jan 2015 | 12:16 pm
    The Barrel House co-founder talks about its unique design (Video)
  • Ohio getting close to a serious federal retention strategy

    Joe Cogliano
    29 Jan 2015 | 11:31 am
    Ohio needs to step up support for building projects as part of a statewide strategy to bolster its federal and military job numbers. That's just one of the suggestions offered up Thursday morning to Ohio's Federal and Military Jobs Commission. Two members of the group were in town Thursday morning as part of listening tour to gather best practices across the Buckeye State. The Dayton Development Coalition hosted the event at the Berry Room in Wright State University's Nutter Center. Some background:…
  • Take a look inside downtown Dayton’s newest spot, The Barrel House (Photos)

    Tristan Navera
    29 Jan 2015 | 9:50 am
    Downtown's newest beer lounge is ready to open its doors. Co-founder and managing partner Jeff Heater and Kim Collett are opening The Barrel House wine and beer taproom and carry out at 417 E. Third St. Friday, becoming the latest downtown attraction and part of a fast-forming brewery belt near The Cannery — just north of Warped Wing Brewing Co.'s popular taproom and just south of where The Dayton Beer Company is finishing out its second location. Note: Click here or on photo to right for pictures…
  • Heidelberg’s Vail Miller talks NCAA First Four and Dayton

    Joe Cogliano
    29 Jan 2015 | 7:49 am
    Positioning Dayton to put on a spectacular show around the NCAA First Four games — and secure them for the long-term — requires a lot of vision and financial resources. While many community and business leaders have stepped up to support the event, few have made more of an impact than Heidelberg Distributing Co. The Moraine-based beverage distributor, one of the largest in the country, is in its fourth year as a premier sponsor and has been one of the five largest contributors to The Big Hoopla…
 
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    Denver Business News - Local Denver News | Denver Business Journal

  • Colorado important to an enlarged Medtronic Inc.

    Greg Avery
    29 Jan 2015 | 8:04 pm
    Medtronic Inc.'s $49.9 billion purchase of Covidien made Colorado the third-largest base of employees for the combined company and a place not likely to see dramatic changes as a result of the deal. The was the take of Chris Cleary, Medtronic's vice president of corporate development, who was key to putting together the deal that closed Monday and made Medtronic the largest medical device company in the world. Medtronic Inc. (NYSE: MDT) now has more than 2,100 employees in the Denver area, primarily…
  • Effort to kill Connect for Health Colorado gains steam but falls short

    Ed Sealover
    29 Jan 2015 | 6:43 pm
    A Colorado Springs lawmaker's annual effort to dismantle the state's health insurance exchange once again died in a House committee on Thursday — but not before he was able to garner backing for his bill from every Republican lawmaker on the committee for the first time in four tries. GOP Rep. Janak Joshi argued, as he has before, that Connect for Health Colorado is not making health insurance more affordable because many deductibles for the plans sold on the exchange are extremely high. He also…
  • Bill to reinstate Colorado's Pay Equity Commission gets first approval

    Ed Sealover
    29 Jan 2015 | 5:55 pm
    Democrats in the Colorado Legislature began the process of trying to reinstate the state's Pay Equity Commission Thursday, passing through a state House committee a bill that is likely to end back in front of the same Senate committee that made the controversial decision earlier this month to end the commission. House Bill 1133, sponsored by Rep. Jessie Danielson, D-Wheat Ridge, would continue indefinitely the tenure of the five-year-old commission, which monitors the status of pay inequity between…
  • American Petroleum Institute opens up Colorado office for oil and gas issues

    Cathy Proctor
    29 Jan 2015 | 5:29 pm
    Tracee Bentley, Gov. John Hickenlooper's legislative director and senior advisor on energy and agricultural issues, is leaving the office to start a new, Colorado chapter of the American Petroleum Institute (API). Her last day with the governor's office is March 2. She will be the executive director of the Colorado Petroleum Council. "Tracee Bentley has been an outstanding member of our senior staff," Hickenlooper said in a statement. "Her laser focus and ability to strategize has been an asset…
  • DBJ panelists: Education reform results will take time

    Todd Engdahl
    29 Jan 2015 | 4:15 pm
    "Let's not give up on all the hard work," Colorado education commissioner Robert Hammond told a Denver audience Thursday, predicting that education reforms enacted in the last six years ultimately will pay off in student achievement. That sentiment was echoed by panelist Curtis Garcia, school principal in the 220-student Centennial district in the San Luis Valley. "We're only a few years into some of this change. … I always argue for patience. Give us the time to invest where we know is right." The…
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    Greensboro Business News - Local Greensboro News | The Business Journal of the Greater Triad Area

  • Atlanta developer has new plans for Friendly, Hobbs site

    Katie Arcieri
    29 Jan 2015 | 3:43 pm
    The chairman of Atlanta-based Halpern Enterprises Inc. confirmed late Thursday that the company has new plans for the high-profile parcel at Friendly Avenue and Hobbs Road that will include residential. Reached briefly by cell phone, Jack N. Halpern said a residential component is being considered at the 6.77-acre site because it would be more favorably received by local decision-makers and the community. "Our goal is to build something that will be successful and be well-received by the community,"…
  • 4 North Carolina hotels land on U.S. News' '2015 Best Hotels in the USA'

    Rebecca Troyer
    29 Jan 2015 | 12:09 pm
    Four North Carolina hotels are on U.S. News' list of the "2015 Best Hotels in America." Here's how they ranked: The Old Edwards Inn and Spa in Highlands, No. 37. The Umstead Hotel and Spa in Cary, No. 42. The Ritz-Carlton, Charlotte, No. 72. The Fearrington House Inn in Pittsboro, No. 118. The top-ranked hotel in the U.S. is the Rancho Valencia Hotel & Spa in Rancho Santa Fe, Calif.
  • Kinston hospital to partner with Novant Health

    Owen Covington
    29 Jan 2015 | 12:03 pm
    Lenoir Memorial Hospital announced plans Thursday to partner with Novant Health, with the Winston-Salem-based health system ultimately providing management services at the Kinston hospital. With the announcement, Lenoir and Novant officials will begin to structure the terms of the partnership, with a management agreement as the ultimate goal. Gary Black, president and CEO of Lenoir, said the 261-bed community hospital is beginning a new chapter to preserve a "legacy of local health care for future…
  • Start of construction is near at Reynolds Building in downtown Winston-Salem

    Owen Covington
    29 Jan 2015 | 12:01 pm
    The first phase of the redevelopment of the Reynolds Building in downtown Winston-Salem, including the hotel and restaurant portions, is expected to be completed by Christmas, if not sooner, with construction to begin within the next few weeks. The past two months have focused on asbestos abatement and demolition inside the historic former headquarters of the R.J. Reynolds Tobacco Co. at East Fourth and North Main streets, said Ron Davis, construction manager with PMC Property Group. PMC is redeveloping…
  • 2014 excise tax collections for beer, wine edge up in N.C.

    Dathan Kazsuk
    29 Jan 2015 | 11:47 am
    The state of North Carolina's excise tax collections for wine and beer increased by 1.9 percent in 2014, according to the N.C. Department of Revenue. Responsible for $116.4 million of the total overall excise tax, beer tax collections were up by 1.1 percent in the 12-month period. This is only the second time in the past four years that beer tax collections have shown a slight increase. The state of North Carolina has the ninth highest beer excise tax in the U.S., at 62 cents per gallon, according…
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    Honolulu Business News - Local Honolulu News | Pacific Business News of Honolulu

  • Federal judge orders Matson to pay $1M in molasses spill plea deal

    Janis L. Magin
    29 Jan 2015 | 7:25 pm
    A federal judge on Thursday sentenced a subsidiary of Matson Inc. to pay $1 million in fines and restitution under a plea agreement reached last fall over charges that Hawaii's largest shipping company illegally discharged more than 230,000 gallons of molasses into Honolulu Harbor in 2013. U.S. Magistrate Judge Richard L. Puglisi ordered Matson Terminals Inc. to pay a fine of $400,000, and restitution of $600,000, which will be divided equally between the Waikiki Aquarium, to support coral programs…
  • NextEra, Hawaiian Electric say acquisition will save customers $60M

    Duane Shimogawa
    29 Jan 2015 | 7:07 pm
    NextEra Energy Inc. and Hawaiian Electric Co. said Thursday that the proposed acquisition of Hawaii's largest utility will save customers about $60 million, and that there will be no request for an increase in general base rates for at least four years following the close of the transaction, according to an application submitted to the Hawaii Public Utilities Commission. Last month, the two companies announced that Florida-based NextEra Energy (NYSE: NEE) would buy Hawaiian Electric Co. from parent…
  • Hawaiian Airlines parent Hawaiian Holdings reports $11.1M profit in Q4

    Jason Ubay
    29 Jan 2015 | 4:57 pm
    Hawaiian Holdings, Inc., parent company of Hawaiian Airlines, reported a profit of $11.1 million, or 17 cents per diluted share, in the fourth quarter of 2014, compared to $17.1 million, or 31 cents per diluted share, in the same quarter of 2013, the company reported Thursday. For the whole year, Hawaiian Holdings (Nasdaq: HA) reported a $68.9 million profit, or $1.55 per diluted share, compared to $51.9 million, or 98 cents per diluted share, in 2013. Total operating expenses for the quarter dipped…
  • ​Legislature to debate issuing bonds for Hawaii Health Connector

    Lorin Eleni Gill
    29 Jan 2015 | 4:52 pm
    The state Legislature is considering a bill that would allow the Hawaii Health Connector to borrow money using state bonds until it becomes financially self-sustainable. House Bill 1283 proposes to enable the Connector to issue up to $28 million in state bonds issued in its own name to support it on the path to financial self-sustainability over the next ten years. Previous state and federal requirements mandated that the exchanges become independent by 2015. This bill would revise that requirement…
  • Honolulu architect launches weekly radio show on design

    A. Kam Napier
    29 Jan 2015 | 4:47 pm
    Honolulu architect Matt Gilbertson, president and design director of MGA Architecture, thinks people don't talk enough about what constitutes good design in Hawaii, whether its in architecture, urban planning, or streetscapes. It's a longstanding interest of his, I know—back in 2003, Gilbertson invited me to moderate panel discussion on "Hawaiian Sense of Place" as part of an AIA-Honolulu-sponsored film series. That experience showed me how much people in Hawaii care about the built environment.…
 
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    Houston Business News - Local Houston News | Houston Business Journal

  • Texas business groups react to plan to abolish Emerging Technology Fund

    Kimberly Reeves
    29 Jan 2015 | 3:26 pm
    Gov. Greg Abbott's action toward abolishing the Emerging Technology Fund would bolster the state's efforts to create additional nationally competitive research universities in Texas, a key business association says. Under a proposal announced Jan. 29 by Abbott, the Emerging Technology Fund would be scuttled, its portfolio transferred to the Comptroller's Office and its $136 million in unexpended balances equally split between faculty recruitment efforts at the Texas Higher Education Coordinating…
  • Schlumberger evacuates Houston-area facility, but bomb threat a hoax

    Olivia Pulsinelli
    29 Jan 2015 | 3:07 pm
    This developing story has been updated. The bomb threat that caused Schlumberger Ltd. (NYSE: SLB) to evacuate a Houston-area facility on Jan. 29 turned out to be a hoax, according to several media reports. Schlumberger had evacuated its Rosharon facility south of Houston after a bomb threat was received around 1:15 p.m., the Houston Chronicle reported. "Bomb squad folks have determined that there was really nothing in the package, it was just a hoax," Schlumberger spokesman Stephen Harris later…
  • Matthew McConaughey to give commencement address in Houston

    Olivia Pulsinelli
    29 Jan 2015 | 2:32 pm
    Texas native and Academy Award winner Matthew McConaughey will give the University of Houston's inaugural universitywide commencement address at TDECU Stadium on May 15. Nearly 5,000 students will attend the ceremony in the recently completed stadium, UH said. Last summer, UH sold the naming rights for its new stadium to Lake Jackson-based Texas Dow Employees Credit Union. The 10-year, $15 million-deal is the third most lucrative among NCAA stadiums. "We are delighted and honored that Matthew…
  • Houston design company to launch startup venture firm

    Joe Martin
    29 Jan 2015 | 1:30 pm
    Bouncing Pixel, a Houston-based interactive design studio, plans to launch a new startup venture firm, Pixatronic Ventures, with the hope of generating more Web and technology companies in the Houston market. President Jerald Reichstein, his brother Bruce Reichstein and their partner Jackson Lau want to create a test lab for different projects that, if successful, will lead to new tech companies born in Houston. "We're looking at a two-year runway (for Pixatronic Ventures) to take experiments and…
  • Activist investor urges local HR company to consider selling itself

    Olivia Pulsinelli
    29 Jan 2015 | 12:55 pm
    An activist investor is urging Kingwood-based human resource services provider Insperity Inc. (NYSE: NSP) to eliminate unnecessary expenses — such as two private jets — and to explore selling itself. Last week, New York-based Starboard Value LP disclosed a 13.2 percent ownership stake in Insperity, making it the company's largest shareholder. "We believe that Insperity is deeply undervalued and that a number of opportunities exist to create significant value for shareholders based on actions…
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    Jacksonville Business News - Local Jacksonville News | Jacksonville Business Journal

  • Keystone XL Oil Pipeline Bill passes without Jones Act Amendment

    Jensen Werley
    29 Jan 2015 | 3:05 pm
    The U.S. Senate has passed the Keystone XL Oil Pipeline Bill, despite assurances from the White House that it would be vetoed. But one aspect of the bill was already left on the cutting-room floor. Sen. John McCain's amendment, which sought to edit the Jones Act to no longer require domestic trade ships to be built in the United States, was not voted on, said Tyler Edgar, spokesperson for Tote Inc., parent company of Sea Star Line LLC. The death of the amendment means that the maritime industry…
  • Oxford Estates finishes first phase of $100 million project in St. Johns County

    Andrew Thurlow
    29 Jan 2015 | 1:07 pm
    The first phase of a $100 million, 250-plus gated home community in the heart of northwest St. Johns County was recently completed. The initial phase of Oxford Estates includes 130 single-family lots. About a dozen homes have been built, including five spec homes that are up for sale, said Chris Shee, partner at MasterCraft Builder Group, which is building the homes. Located on the west side of Longleaf Pine Parkway, the development will feature more than 250 homes between 2,700 square feet and…
  • Ronald McDonald House Charities expands San Marco facility

    Andrew Thurlow
    29 Jan 2015 | 12:01 pm
    Ronald McDonald House Charities of Jacksonville is adding 24 rooms and 23,000 square feet as part of a $13 million expansion. The San Marco facility will get a rooftop healing garden and a volunteer kitchen — allowing for the existing kitchen to be remodeled exclusively for family use — a stair tower, guest balconies, covered parking, laundry areas and the refurbishment of existing spaces, including the dining room, play room and teen activity room. The expansion plans include going from 30…
  • Take a behind-the-scenes look at Jacksonville's craft breweries (Video)

    Alexa Epitropoulos
    29 Jan 2015 | 11:47 am
    Our centerpiece, which will be released both in print and on the web on Friday, focuses on how Jacksonville's burgeoning craft beer scene is capturing business across Northeast Florida. Now, the Business Journal is giving you a behind-the-scenes look at First Coast favorites, including Aardwolf, Intuition, Bold City, Green Room, Pinglehead, Veterans United and Engine 15. Click through the slideshow to see shots from each brewery, as well as need-to-know facts from each.
  • New DoubleTree focuses on business travelers at Jacksonville airport

    Jensen Werley
    29 Jan 2015 | 10:52 am
    Having a national brand operate a hotel at Jacksonville International Airport will be a boon to business travelers passing through the area, airport officials hope. The longtime independent hotel on airport property has become a DoubleTree by Hilton. The 201-room hotel's amenities include a fitness center, 24-hour business center, shuttle service to the airport and 11,000 square feet of function space, according to a statement provided by the hotel. The hotel is just 200 yards from the main terminal…
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    Kansas City Business News - Local Kansas City News | Kansas City Business Journal

  • KC officials: $1B has gone Downtown since streetcar approved

    Austin Alonzo
    29 Jan 2015 | 3:18 pm
    Kansas City officials said more than $1 billion has been invested in Downtown since December 2012. On Thursday, representatives of Kansas City's Business Customer Service Center told the Kansas City Streetcar Authority Inc. board that public and private entities have invested more than $1 billion since the 2.2-mile streetcar district was approved. "I'm not saying that that $1 billion is directly tied to the streetcar," said John Pajor, manager of the center better known as KC Biz Care. "I'm just…
  • Petition: No streetcar expansion without voter approval

    Austin Alonzo
    29 Jan 2015 | 1:03 pm
    Sherry DeJanes, the leader of the SmartKC Political Action Committee, wants to stop the city from planning any further streetcar expansions without direct, citywide voter approval. On Thursday, DeJanes and a committee of petitioners announced their intent to use an initiative to submit an ordinance to the Kansas City Council that would enact restrictions requesting, implementing, advancing, furthering, funding or fostering any plan or study to construct any fixed-rail transit system or to expand…
  • Surgeon general visits KCK for listening tour, shares insight

    Leslie Collins
    29 Jan 2015 | 12:47 pm
    As part of his cross-country listening tour, the U.S. surgeon general stopped in Kansas City, Kan., to discuss public health issues facing the community. Vivek Murthy listened to community leaders, who shared concerns about access to mental health care, childhood obesity, violence in the community, prescription drug abuse and funding challenges for preventive health care. "The admiral was very attentive to what the crowd had to say about what we see as issues in the Kansas City-area bistate region,"…
  • EY opens nominations for Entrepreneur of the Year Awards

    Leslie Collins
    29 Jan 2015 | 12:34 pm
    EY is accepting nominations for its annual EY Entrepreneur of the Year Awards. "For almost 30 years, we have had the privilege to honor many high-impact individuals through our Entrepreneur of the Year program," Mike Hickenbotham, Central Midwest program director of the EY Entrepreneur of the Year, said in a statement. "These leaders drive high-growth, innovative companies that disrupt industries, create new jobs and give back to their communities." RELATED: Three KC-area execs win EY Entrepreneur…
  • Some ACA plans exclude Children's Mercy

    Brianne Pfannenstiel
    29 Jan 2015 | 12:33 pm
    Children's Mercy is the region's only pediatric hospital, but several insurance plans on the Affordable Care Act marketplace exclude it from their networks. That's concerning to administrators at the hospital, who say they worry that consumers will be surprised to find they may have to pay more for services out of pocket. Bob Finuf, vice president for payor relations at Children's Mercy, said that consumers are selecting plans on their own more frequently than in the past — without the oversight…
 
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    Los Angeles Business News - Local Los Angeles News | Los Angeles Business from bizjournals

  • ​Cinedigm signs 12-picture deal with Brand Inc. Entertainment

    29 Jan 2015 | 1:36 pm
    Cinedigm Corp. and Brand Inc. Entertainment have signed a deal to produce at least 12 films over three years. The first-look deal is for Brand Inc. to produce at least four original, cast-driven films a year across a wide spectrum of genres, including family, kids, faith, action, western, urban and holiday, the companies said in an announcement. New York-based Cinedigm(Nasdaq: CIDM) has acquired all North American rights to the films, including theatrical, digital, video-on-demand, and physical…
  • ​NBC Universo to air Spanish-language telecast of Super Bowl

    29 Jan 2015 | 1:31 pm
    NBC Universo will air the exclusive Spanish-language telecast of Super Bowl XLIX on Feb. 1. The network, formerly mun2, will offer comprehensive football coverage and nine consecutive hours of football and related entertainment to viewers beginning at 2 p.m. Eastern time. Super Bowl XLIX will be telecast from Glendale, Ariz. beginning at 6 p.m. Eastern time where the defending champions, the Seattle Seahawks, will face the New England Patriots. Live coverage will be narrated by play-by-play announcer…
  • Q&A: Mophie aims to raise brand awareness the biggest way possible — with a Super Bowl ad

    Annlee Ellingson
    29 Jan 2015 | 1:26 pm
    Ten years since launching out of a barn in rural Michigan with $250,000, Mophie is now a $200 million-plus enterprise with the number-one mobile battery case in North America. Trouble is, only one in 10 consumers in focus groups recognized the company's name, and the mobile-charging category in general has an awareness of only 10 percent. The Tustin, Calif., company aims to change that this weekend with its first broadcast television ad, commissioned for the biggest media stage in the world: the…
  • Disneyland's 60th anniversary plans include new parade, fireworks

    29 Jan 2015 | 1:10 pm
    Disneyland Resort in Anaheim plans to launch a new nighttime parade, an updated fireworks show and other entertainment as part of celebrations for its 60th anniversary. Disney's Diamond Celebration begins May 22 at Disneyland and Disney California Adventure Park. At Disneyland, a new Main Street parade called "Paint the Night" will feature more than 1.5 million individually controlled lights in the first all-LED parade at the resort, while a "Disneyland Forever" fireworks show will add light projections…
  • ​Lionsgate in talks with China's Hunan TV for $1.5 billion deal

    29 Jan 2015 | 1:08 pm
    Lions Gate Entertainment Corp. is in advanced negotiations with China's Hunan TV & Broadcast Intermediary Co. Ltd. for a three-year film making deal worth $1.5 billion. The deal includes film production and distribution, with Santa Monica-based Lionsgate helping to distribute Chinese films produced by Hunan TV to other countries, Reuters reported, citing a regulatory filing by Hunan TV with the Shenzhen stock exchange. In turn, the Hunan-based company, which owns a film making unit in Hong Kong…
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    Louisville Business News - Local Louisville News | Business First of Louisville

  • New Albany residents sound off on plan that would convert one-way streets

    Cary Stemle
    29 Jan 2015 | 6:46 pm
    More than 100 New Albany residents turned out Thursday evening for their first opportunity to comment on a street study that advocates converting many of the city's one-way downtown streets to two-way. In addition, the study from Washington, D.C.-based Speck & Associates LLC proposes several major changes to New Albany's street grid, including adding bike lanes to promote cycling and reducing the width of driving lanes. The study was prompted by concerns that New Albany will see a drastic uptick…
  • Planning Commission approves West End Walmart

    Caitlin Bowling
    29 Jan 2015 | 5:34 pm
    Walmart may build its super center in West Louisville after all. After much debate, the Louisville Planning Commission voted Thursday evening to approve Walmart's site plan and variances for a proposed store on the former Philip Morris tobacco factory property at 18th Street and Broadway. The next step is for the plan to go before the Louisville Metro Board of Zoning Adjustment. The proposed super center will be 154,722 square feet and have about 620 parking spaces. It will include a food market,…
  • Update: Onco360 to locate headquarters in Jeffersontown

    Marty Finley
    29 Jan 2015 | 2:20 pm
    Earlier this morning, I reported that New York City-based Onco360, a pharmaceutical provider for holistic oncology and hematology care, was considering an expansion into Louisville. Now comes word that it will locate in Jeffersontown — and that another Louisville company has invested in it. Onco360 plans to invest as much as $2 million in a new facility that would create as many as 150 jobs. The Kentucky Economic Development Finance Authority has preliminarily awarded the company $1.6 million…
  • Kentucky company a winner in national program held in Louisville

    Rachel Aretakis
    29 Jan 2015 | 1:51 pm
    A national agriculture accelerator held in Louisville awarded $50,000 on Wednesday to two high-tech startups, including one based in Kentucky. For three months, 10 startups from various cities participated in the accelerator program, Village Capital Agriculture: Louisville 2014, where they worked with advisers and investors to scale their businesses. With several sponsors, including local Blue Sky Network and Radicle Capital, the program focuses on impact investing, looking specifically at companies…
  • Louisville-based foundation leading effort to fund stem-cell research

    Marty Finley
    29 Jan 2015 | 1:11 pm
    The Louisville-based National Stem Cell Foundation, a nonprofit foundation that supports adult stem-cell research and clinical trials, has partnered with the National Multiple Sclerosis Society to fund two research projects that explore the repair and regeneration of myelin. Myelin is the insulation that surrounds nerve fibers and is attacked by multiple sclerosis. Those attacks result "in the inability of nerve cells to talk to each other, … leading to progressive loss of function," according…
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    Memphis Business News - Local Memphis News | Memphis Business Journal

  • Renovations planned for Houston's

    Meagan Nichols
    29 Jan 2015 | 3:16 pm
    Houston's restaurant pulled a $90,000 building permit for upgrades to its outdoor dining area. Allan Goode, a representative with Hillstone Restaurant Group, the company that owns the Houston's chain, said he hopes the project will start within the next month. "We are just renovating the patio and installing a fountain," Goode said. The American steakhouse is located at 5000 Poplar Ave. near the White Station Tower and is one of 11 Houston's across the U.S. The contractor for the project is Michael…
  • With acquisition completed, Medtronic moves on

    Michael Sheffield
    29 Jan 2015 | 1:06 pm
    With the completion earlier this week of Medtronic's $49.9 billion acquisition of Covidien PLC, now the real work begins. On. Jan. 26, the Irish High Court gave its approval of the acquisition. Later that day, the deal, which was approved by shareholders of both companies earlier this month and by the U.S. Federal Trade Commission in December, was finalized. The next step for Medtronic (NYSE: MDT), according to Jeff Windau, an analyst with Edward Jones, will be to absorb the company it just acquired…
  • Memphis unemployment rate flatlines in December

    Ed Arnold
    29 Jan 2015 | 12:47 pm
    The Memphis area unemployment rate didn't move in December, according to figures released by the Tennessee Department of Labor and Workforce development. It's the second straight month in which the seasonally adjusted rate unemployment rate in the Memphis area, including sections of North Mississippi, Eastern Arkansas and Shelby County, was mostly unchanged. The current unemployment rate is at 7.6 percent, unchanged from November and up just .01 percent from October's revised rate of 7.5 percent. Shelby…
  • Lakeland dominates top home sales this week

    Meagan Nichols
    29 Jan 2015 | 12:28 pm
    The price tags for the weekly top home sales were a bit on the lethargic side with not a single property nearing the seven-figure mark, but three of the five properties all call Lakeland home. A 4,000-square-foot Lakeland residence was the winner of the week at $675,000. Staying in the 38002 ZIP code was another 4,000-square-foot Lakeland house that sold for $474,500 and claimed second place. The final three sales of the week stayed in the $400,000 range, with house no. 3 located in the 38103 Memphis…
  • Target fulfillment center proceeding

    Meagan Nichols
    29 Jan 2015 | 12:23 pm
    A Shelby County building permit was issued this week for the site of the new Target Corp. online fulfillment center in Southeast Memphis. Valued at $42 million, the permit was pulled for "commercial alteration" to the 900,000-square-foot building located at 5461 Davidson Road. The development was announced in December. The Economic Development Growth Engine for Memphis and Shelby County approved a 15-year PILOT for the facility on Dec. 17, 2014. Target (NYSE:TGT) will receive $12 million in tax…
 
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    Milwaukee Business News - Local Milwaukee News | The Business Journal of Milwaukee

  • Manitowoc Co. plans to split its cranes, food-service businesses

    David Schuyler
    29 Jan 2015 | 7:19 pm
    The Manitowoc Co. Inc. said Thursday that it intends to split its two businesses - construction cranes and food service equipment - by spinning off one of the units into a separate publicly owned company. Manitowoc-based Manitowoc Co. (NYSE: MTW) said its board has approved a plan that, for now, would separate the food service unit through a tax-free spin-off expected to be completed in the first quarter of 2016. The announcement comes just weeks after billionaire activist investor Carl Icahn revealed…
  • Menomonee Falls building leased to MTI Electronics sold to Austin buyer

    Sean Ryan
    29 Jan 2015 | 3:45 pm
    A year after Menomonee Falls-based MTI Electronics was acquired by an Austin company, its building was sold in a separate deal to an investor from the same Texas community. Real estate investor AIC Ventures, in Austin, bought the 58,000-square-foot Menomonee Falls building leased to MTI Electronics for $3.25 million, according to Colliers International/Wisconsin, which represented the seller in the deal. The sale closed on Wednesday. A year ago in January, MTI Electronics was acquired by VirTex…
  • Too early to say whether Bucks' new partner Marquette will pitch in for arena funding

    Rich Kirchen
    29 Jan 2015 | 3:43 pm
    Now that the Milwaukee Bucks are partnering with Marquette University for new on-campus athletic facilities, might we anticipate Marquette contributing to a new arena in downtown Milwaukee? It's still too early to say, Marquette president Mike Lovell said in an interview Thursday after his presidential address. "Actually, we've never even had that conversation yet," Lovell said. Lovell said once a final design is complete for the arena, then Marquette will discuss a possible contribution to the…
  • Strattec Security profits up nearly 50% in second quarter

    Tom Held
    29 Jan 2015 | 3:38 pm
    Increased orders from auto manufacturers boosted Strattec Security Corp.'s profit nearly 50 percent in the second quarter, the Glendale-based company said Thursday. Net income for the quarter that ended Dec. 28, 2014, was $5.8 million, or $1.58 per share, up 48.7 percent compared with $3.9 million, or $1.09 per share, a year earlier. Sales increased 39.2 percent to $224.2 million, compared with $161.1 million in the second quarter of 2013. Strattec (Nasdaq: STRT) produces locking systems for the…
  • Patina Solutions raises $2 million

    Alison Bauter
    29 Jan 2015 | 2:40 pm
    Patina Solutions, which supplies seasoned professionals and executives for temporary assignments, has completed a $2.13 million investment round as the firm grows its presence in Michigan and on the east coast. Mike Harris is president and chief executive officer of the firm. The company, which Harris co-founded in 2008 with Debbie Seeger, has expanded to include offices in Chicago, Boston, southeast Michigan and New Jersey. Harris is the founder of several other ventures, including Jefferson Wells,…
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    Minneapolis Business News - Local Minneapolis News | The Minneapolis / St Paul Business Journal

  • Former American Express data center sells for $22.4M

    Sam Black
    29 Jan 2015 | 2:21 pm
    The former American Express data center in downtown Minneapolis has sold for $22.4 million. DCI Technology Holdings bought the empty 541,000-square-foot building at 1001 Third Ave. S. from a German fund associated with KanAm Grund, according to a certificate of real estate value filed with the Minnesota Department of Revenue. Dallas-based DCI is the same company that owns the Tritech Center at 331 Second Ave. S. in Minneapolis. The former AmEx building isn't on the skyway system and doesn't have…
  • Brett Favre again reaches the Super Bowl — this time in an ad

    Rich Kirchen
    29 Jan 2015 | 1:01 pm
    Retired Minnesota Vikings quarterback and all-time Green Bay Packers great Brett Favre reached the Super Bowl twice as a player, but Sunday he will make his debut as a Super Bowl ad spokesman. Favre has appeared in Wrangler jeans television commercials and others over the years, but his appearance Sunday for Wix.com will get him on air during the international telecast that draws the largest TV audience of the year. Wix.com, which sells a service that helps non-techies build their own websites,…
  • Former Vikings QB Bollinger joins Woodbury financial planning firm

    Nick Halter
    29 Jan 2015 | 12:54 pm
    Former Minnesota Vikings quarterback Brooks Bollinger has joined Freedom Financial Partners LLC of Woodbury as a financial adviser. Bollinger, 35, played six years in the NFL, including two with the Vikings. The Grand Forks, N.D., native played his college ball at the University of Wisconsin. He also coached football at Hill-Murray and the University of Pittsburgh. At Freedom Financial Partners, Bollinger will do financial planning for families and business owners.
  • Notable projects land brownfield cleanup grants from Met Council

    Sam Black
    29 Jan 2015 | 12:40 pm
    St. Paul's Midway Stadium redevelopment, the Schmidt Brewery keg house and the BAE redevelopment in Fridley are among 13 projects to receive brownfield cleanup grants form the Metropolitan Council. The grants total $3.3 million for redevelopment projects in seven cities. They'll help clean up a combined 70 acres, create or retain 1,500 jobs and encourage more than $178 million in private investment, the Metropolitan Council said in a news release. The Council received 21 applications this funding…
  • Wolves slight Kevin Love in funny video hyping Cavs game (Video)

    Nick Halter
    29 Jan 2015 | 11:51 am
    The Minnesota Timberwolves are hyping up the return of one of their former players to Target Center on Saturday night, when they take on the Cleveland Cavaliers. No, it's not Kevin Love, the all-star forward who made it clear he wasn't going to stay in Minnesota for long. The Wolves are instead promoting the return of Mike Miller, a role player who spent just one uneventful season in Minnesota. An in-game video from Wednesday night's Wolves game got lots of laughs (watch it for yourself below…
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    Nashville Business News - Local Nashville News | The Nashville Business Journal

  • Quiet down: Developers, city residents resolve overnight construction dilemma

    Adam Sichko
    29 Jan 2015 | 12:51 pm
    Builders and city residents of Nashville have figured out a way to eliminate middle-of-the-night, jackhammer-induced headaches — without stifling construction in a rapidly developing city. Overnight construction erupted as a flashpoint recently for people living near any number of projects underway downtown and Midtown. It's no surprise, coming on the heels of a fiscal year in which Metro government approved a record $1.9 billion of building permits. Currently, there's nothing regulating construction…
  • Nashville’s unemployment rate falls in 2014

    Scott Harrison
    29 Jan 2015 | 12:43 pm
    All but one county in the Nashville metropolitan statistical area witnessed a decline in its unemployment rate last year. As a whole, Middle Tennessee's counties continue to post among the lowest jobless rates in the state. In 2014, Davidson County's unemployment rate fell from 5.6 percent to 5.1 percent in December, according to a report released Thursday by the Tennessee Department of Labor and Workforce Development. That ranks as the eighth-lowest jobless rate in the state among 93 counties. Meanwhile,…
  • By the numbers: HHS breaks down Obamacare's impact on tax returns

    Eleanor Kennedy
    29 Jan 2015 | 12:40 pm
    About one quarter of American tax payers will be faced with a more complicated tax return this season, according to the Department of Health and Human Services. As I've written about before, this is the first tax season in which the Affordable Care Act's individual mandate will come to bear on individuals. Although the majority of Americans, about 75 percent, will just need to check a box to confirm they had health coverage in 2014, the remaining 25 percent will need to take "different steps," according…
  • Advance Financial, optics company moving into Wedgewood-Houston development

    Adam Sichko
    29 Jan 2015 | 12:15 pm
    A Nashville developer has landed two more tenants as it continues revitalizing a former boot factory in the Wedgewood-Houston neighborhood, near the Tennessee State Fairgrounds. The payday lender Advance Financial is moving its headquarters — and 100 employees — into The Boot Factory, so-named by developer Chas. Hawkins Co. Inc. Advance Financial currently is based at 1901 Church St., in Midtown, with about 60 locations in the region. The company's new space at The Boot Factory covers about…
  • Investment in 'Kinky Boots' pays off for TPAC

    E.J. Boyer
    29 Jan 2015 | 12:07 pm
    When the touring production of Broadway's hit show "Kinky Boots" rolls into town next week, the staff at the Tennessee Performing Arts Center will be watching the musical with a different perspective — that of investor. Through its membership in the Independent Presenters Network, TPAC is one of several regional theaters across the country that invests financially in Broadway productions. TPAC has previously invested in touring productions, like "Joseph and the Amazing Technicolor Dreamcoat,"…
 
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    Orlando Business News - Local Orlando News | The Orlando Business Journal

  • UCF PRISM selected to compete for Integrated-Photonics Institute for Manufacturing

    Cindy Barth
    29 Jan 2015 | 12:46 pm
    A consortium of photonics industry members and research universities, anchored by the University of Central Florida and the planned advanced manufacturing research facility in Osceola County, has advanced in a federal competition for $110 million to develop an Integrated-Photonics Institute for Manufacturing Innovation. The Department of the Air Force notified the Photonics Research Institute for Sustainable Manufacturing (PRISM) on Wednesday that a concept paper submitted last month in response…
  • Notable quotes from OBJ's Economic Outlook event

    Matthew Richardson
    29 Jan 2015 | 12:07 pm
    It almost seemed like class was in session at the DoubleTree by Hilton in downtown Orlando. Business professionals filled the hotel's meeting room on Jan. 30 to listen and take notes from five of Central Florida's business leaders as they gave updates on their industry sectors, and talked about economic growth, what legislation they're keeping an eye on and the future of Orlando's economy. Orlando Business Journal's Economic Outlook: Growing Your Business in 2015 had plenty of notable quotes that…
  • Upscaling Winn-Dixie: New Heathrow store unveiled

    Anjali Fluker
    29 Jan 2015 | 12:03 pm
    Winn-Dixie is introducing a new shopping experience at its nearly 15-year-old Heathrow store, featuring hardwood floors and high ceilings along with a hot carving station, an expanded produce section and even freshly-rolled sushi. And you can still pick up a gallon of milk and cold cuts, too. The grocery chain on Jan. 29 will host an open house introducing its newly revamped, 39,000-square-foot store at 120 International Parkway in Lake Mary. Though the store remained open during its six-month…
  • Small biz lender Chris Hurn launches Fountainhead Commercial Capital

    Cindy Barth
    29 Jan 2015 | 11:57 am
    Former Mercantile Capital Corp. co-founder Chris Hurn on Thursday launched a new nationwide lender focused on financing owner-occupied commercial real estate. The new lending company — Fountainhead Commercial Capital — will focus on being a source of growth capital for small business owners. Hurn previously lent nearly $2 billion on commercial real estate through the Small Business Administration 504 loan program. "Fountainhead will immediately begin filling a need in the marketplace for small…
  • Spoleto Italian Kitchen to expand to Florida Mall, Winter Park

    Megan Ribbens
    29 Jan 2015 | 11:57 am
    A new Brazilian-based Italian chain is making its U.S. debut in Central Florida this spring, but already has expansion plans underway. Spoleto Italian Kitchen will open at 12101 University Blvd. on March 7 near the University of Central Florida, and John Velasquez, president of Spoleto USA, said the chain is on target to open a total of four restaurants this year. New restaurants create more jobs in the region, bring construction opportunities and expand Orlando's culinary scene. Spoleto is currently…
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    Philadelphia Business News - Local Philadelphia News | The Philadelphia Business Journal

  • For success, make sure you feel comfortable in your own skin

    Beth O'Brien
    29 Jan 2015 | 2:23 pm
    I started my career at General Electric as part of the audit staff, and had the rare opportunity to see virtually every part of the conglomerate's business from the big to small, from manufacturing to financial services. I saw dishwashers and power generators up close, and even watched light bulbs being made. But of all the rather amazing and interesting things I saw, one business drew my special attention: the insurance industry. Why? Because it helps people directly for everything they do throughout…
  • Endo completes $2.6B purchase of Auxilium

    John George
    29 Jan 2015 | 2:03 pm
    Endo International completed its $2.6 billion acquisition of Auxilium Pharmaceuticals Inc. on Thursday. Rajiv De Silva, president and CEO of Endo (NASDAQ: ENDP), said the deal "enhances the organic growth of our branded pharmaceuticals business by adding a broad range of high quality products to our already robust portfolio and expanding our development pipeline." DeSilva also said Endo is now better positioned to capitalize on future merger-and-acquisition opportunities. Products marketed by…
  • SnipSnap gets snapped up for $6.5M

    Lauren Hertzler
    29 Jan 2015 | 11:50 am
    Remember SnipSnap? The Philadelphia Business Journal profiled the coupon app company back when it was just getting off its feet. Today, the Philadelphia business announced it's been acquired for $6.5 million by Slyce, a Toronto visual search provider. Born out of DreamIt Ventures' local accelerator program, SnipSnap, allows users to scan, store, sort and display most restaurant and retail coupons, as well as download coupons others have scanned in its app. Users simply snap a photo of their printed…
  • Differing opinions of what's happening at the Courier-Post

    Jeff Blumenthal
    29 Jan 2015 | 11:31 am
    There are changes afoot at the Courier-Post newspaper but management and employees appear to differ when it comes to defining the exact nature of them. Multiple sources told the Business Journal that the Courier-Post will ask all of its newsroom employees to reapply for their jobs next month. But its parent company, Gannett Co., said the paper is merely redesigning newsroom positions. Sources familiar with the situation said the South Jersey newspaper's plan is not specific to the Courier-Post,…
  • AstraZeneca and University of Texas MD Anderson Cancer Center to collaborate

    John George
    29 Jan 2015 | 11:03 am
    AstraZeneca (NYSE: AZN) and the University of Texas MD Anderson Cancer Center have formed a multi-year, strategic research collaboration under which the two organizations will work together to study ways to treat ovarian and other gynecologic cancers, with the intention of improving patient outcomes. Financial terms of the deal were not disclosed. Greg Keenan, AstraZeneca's U.S. chief medical officer, said the academic-industry partnership will involve the organizations jointly conducting clinical…
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    Phoenix Business News - Local Phoenix News | The Business Journal of Phoenix

  • Raytheon acquires Arizona drone maker Sensintel

    Sara Castellanos
    29 Jan 2015 | 8:46 pm
    Raytheon, a defense contractor with a presence in Tucson, earlier this week said it had acquired drone maker Sensintel Inc. Terms of the acquisition were not disclosed. Tuscon-based Sensintel was founded in 1989 and had 50 employees, who will become part of Raytheon Co.'s Missile Systems business. The acquisition wasn't expected to materially impact Raytheon's quarterly or full-year earnings. "Sensintel's expertise in unmanned aircraft systems solutions makes it a natural fit with Raytheon's…
  • San Francisco Super Bowl committee shadows Arizona crew

    Brandon Brown
    29 Jan 2015 | 8:16 pm
    It is never too early to start thinking about the next Super Bowl. The Super Bowl 50 Host Committee hosted a small media event Thursday night in downtown Phoenix. Host committee executives talked about what they expected for the 2016 Super Bowl scheduled to be played in San Francisco. Super Bowl 50 Host Committee CEO Keith Bruce said the goal is to make the Super Bowl experience uniquely Bay Area. The Super Bowl 50 Host Committee came to Phoenix to shadow the Arizona Super Bowl Host Committee…
  • Glendale crushes Tempe in battle for football fans

    Patrick O'Grady
    29 Jan 2015 | 3:24 pm
    Glendale is the best city for football fans in Arizona, easily beating Tempe and Tucson for the title. That's at least according to a new study by Wallethub, which ranked the cities that host college and pro sports teams. It's not shocking that the city that hosts the Fiesta Bowl and will host Super Bowl XLIX on Sunday is the best for sports fans, but it wasn't even close between its ranking at No. 22 and Tempe at No. 89. The study took only the cities that hosted either an NFL or college team.…
  • Super Bowl template could bench Glendale for activities related to future big sporting events

    Mike Sunnucks
    29 Jan 2015 | 1:33 pm
    Executives and organizers for next year's College Football Playoff Championship Game and the 2017 Final Four are in town this week looking at how the NFL is organizing Super Bowl XLIX. The college sports planners are likely to follow the NFL's lead of basing fan fests and other events in downtown Phoenix. That could mean another big event where Glendale gets to host the big game at University of Phoenix Stadium but non-game day events will be held in other Valley cities. Brad Wright, co-chair of…
  • Gov. Ducey glad-hands visiting Super Bowl CEOs at Phoenix Open

    Eric Jay Toll
    29 Jan 2015 | 1:09 pm
    CEOs representing more than 70 global companies met with Gov. Doug Ducey today at the Waste Management Phoenix Open. The high-level group is the CEO Forum, a gathering of guests of the Arizona Super Bowl Host Committee and its sponsors, Arizona Commerce Authority and area economic development agencies, such as Greater Phoenix Economic Council and cities. The visitors represent domestic and global decision-makers. There are representatives from Fortune 500 corporations and recognizable innovators…
 
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    Pittsburgh Business News - Local Pittsburgh News | The Pittsburgh Business Times

  • Alcosan, EPA nearing agreement on sewer plan

    Sam Kusic
    29 Jan 2015 | 2:47 pm
    Alcosan and the federal government are "close" to concluding negotiations on revisions to a plan for addressing sewer overflows, according to Executive Director Arletta Scott Williams. Williams, speaking Thursday during a community update on the project, said she believes the talks will wrap up sometime this year. "I do believe we are within months," she said. Alcosan -- the Allegeny Sanitary Authority -- and the government have been negotiating revisions to Alcosan's mandated plan for eliminating…
  • UPMC: Highmark denying Children's claims

    Kris B. Mamula
    29 Jan 2015 | 2:10 pm
    Highmark has not paid 59 member claims for care provided by UPMC's Children's Hospital doctors or at related facilities, which is unprecedented, according to UPMC. But Highmark on Thursday blamed the payment delay on a new claims processing system and said the issue had already been resolved. The 59 claims were submitted on behalf of infants, toddlers and adolescents who were treated at Children's between Jan. 1 and Jan. 23, UPMC spokesman Paul Wood said. Denials by the insurer could result in…
  • Video: What is your biggest opportunity in 2015? (Video)

    Avery Hartmans
    29 Jan 2015 | 1:07 pm
    At Wednesday night's Book of Lists party, we asked some of Pittsburgh's top business people what they see as their biggest opportunity in 2015.
  • Book of Lists: What is your dream job? (Video)

    Avery Hartmans
    29 Jan 2015 | 12:31 pm
    At Wednesday night's Book of List party, we asked some of Pittsburgh's business leaders about their dream job. Their answers may surprise you.
  • Wolf: Highmark members can use Magee for pregnancy care

    Kris B. Mamula
    29 Jan 2015 | 11:32 am
    Highmark will continue to cover maternity care for its members at UPMC's Magee-Womens Hospital, Gov. Tom Wolf announced Thursday. Under the agreement, pregnancy qualifies as a "continuity of care" issue, which allows Highmark patients to continuing seeing UPMC doctors at the hospital on an in-network basis through the end of the year. "Any woman who became pregnant and sought treatment in 2014 and has Highmark insurance will have in-network access to Magee-Womens Hospital in 2015," Wolf said in…
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    Portland Business News - Local Portland News | The Portland Business Journal

  • It's true. There are no women on our list of 2014 CEOs of the Year

    Suzanne Stevens
    29 Jan 2015 | 5:09 pm
    The Business Journal's list of 2014 CEOs of the Year does not include a single woman. It didn't go unnoticed. The list will publish in Friday's edition of the Business Journal, but in advance of publication, we introduced readers to the executives in an online gallery. Since then, readers have emailed and tweeted about the lack of diversity. I'm not surprised. We've had multiple discussions about it in our newsroom, and not just in relation to the 2014 selections. More on that in a moment. First,…
  • 10 things that might surprise you about Nike CEO Mark Parker

    Matthew Kish
    29 Jan 2015 | 2:43 pm
    Current and former Nike employees gush when asked about CEO Mark Parker. Words like smart, introspective, artistic, complex, cool, athletic, humble and creative get batted around repeatedly. This week the Business Journal named Parker its 2014 CEO of the Year. The award recognizes Nike's extraordinary year, which included a 10 percent sales jump to nearly $28 billion, a 23 percent jump in its stock price and the start of a giant expansion project that will add 1.3 million square feet to the company's…
  • Blumenauer to FDIC: Let banks work with pot businesses

    Andy Giegerich
    29 Jan 2015 | 2:13 pm
    Portland's Democratic Congressman wants bank regulators to begin moving into a world that more readily embraces the business of marijuana. Rep. Earl Blumenauer, in a letter to Federal Deposit Insurance Corp. Chairman Martin Gruenberg, called for the group to allow marijuana-related businesses to have more access to banking services. Blumenauer pointed to the legalization of marijuana in four states (including Oregon) and the District of Columbia as proof that more areas will legalize the substance. "With…
  • A Portland doctor’s musings about Cambia’s new Muse startup

    Elizabeth Hayes
    29 Jan 2015 | 1:57 pm
    About 15 to 20 percent of Dr. Danica Clark's primary care patients have symptoms that are real but can't be adequately explained. The most common complaints are dizzineses, palpitations, fatigue, headaches and abdominal discomfort. "I typically see them frequently and end up running many tests, and a lot are done for reassurance, to rule out anything worrisome," Clark said. "Some patients are unable to accept that there's nothing. Sometimes we find things that cause further anxiety." These cases…
  • Portland tech paychecks jump 9%

    Malia Spencer
    29 Jan 2015 | 1:44 pm
    Portland technology professionals saw their paychecks jump on average 9 percent in 2014, according to the latest salary survey by technology job website Dice. On average Portland tech workers earned $91,556, up from an average wage of $84,295 in 2013. Since 2008, tech workers have seen their pay rise by 18 percent, according to Dice. The survey found the average U.S. tech worker pulled in $89,450, a boost of 2 percent over 2013. Not surprisingly the highest paychecks were in Silicon Valley were…
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    Raleigh Business News - Local Raleigh News | The Triangle Business Journal

  • Trinity Capital wants to 'build on successes' in big Duke Realty office acquisition deal

    Amanda Jones Hoyle
    29 Jan 2015 | 3:03 pm
    It is the end of an era for Duke Realty Corp. (NYSE: DRE) in the Triangle (and Nashville, St. Louis and South Florida). For the prospective buyers of Duke Realty's 6.9 million square feet of suburban office buildings in those markets, however, it's a chance to become an instant player in the suburban office market in the U.S. After Duke Realty announced news of the deal late Wednesday, I caught up with Walker Collier, a partner with Trinity Capital Advisors in Charlotte who helped put together…
  • Biogen Idec to add 100 jobs in RTP

    Jason deBruyn
    29 Jan 2015 | 2:46 pm
    Multiple sclerosis and hemophilia drug maker Biogen Idec (Nasdaq: BIIB) will add 100 workers to its operations in Research Triangle Park. The announcement comes on the same day Biogen Idec reported 2014 revenues of $9.7 billion, a 40 percent increase from 2013, and adds to the 1,300 workers already employed by the biotechnology company in the Triangle. Biogen also produces treatments for hemophilia and has grown revenue and employment by more than 50 percent over the past three years and is expecting…
  • Does BofA's Brian Moynihan get more jet perks than any other Fortune 100 CEO?

    Adam O'Daniel
    29 Jan 2015 | 1:36 pm
    Brian Moynihan, chairman and CEO of Bank of America Corp. (NYSE: BAC), received in 2013 almost half-a-million dollars in corporate jet perks, according to an article in Fortune magazine this week. Or did he? The report, citing a study by research firm Equilar, lists the five Fortune 100 CEOs receiving the most corporate jet benefits. No. 1 on the list is Moynihan. Publicly-traded companies are required to disclose executive compensation, including fringe benefits, such as personal use of corporate…
  • Paragon Bank to debut on the OTC Market

    Lauren K. Ohnesorge
    29 Jan 2015 | 12:13 pm
    Starting Thursday, Paragon Bank shares are being offered on the public market. It's a milestone for the Raleigh bank, says CEO Bob Hatley, who recalls that when the business-only bank opened in 1999, you could buy one share of stock for $52,500. Until last year, enough splits had occurred that each share was worth 80 shares. Then, in May 2014, shareholders approved a major 125 to 1 split. "The original shareholder who bought one share of stock has 10,000 shares right now," he explains, adding…
  • In fraudulent research case, Duke doesn't want to turn over certain documents

    Jason deBruyn
    29 Jan 2015 | 12:07 pm
    In a civil case about fraudulent research against Duke University and a former Duke scientist, those suing Duke say the university continues to withhold pertinent – and potentially damning – documents. Duke, in return, argues the documents they won't turn over don't deal with the case at hand and that some contain information considered protected under attorney-client privilege. To settle the matter, an independent special master, someone designated by the court, will review the documents and…
 
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    Sacramento Business News - Local Sacramento News | The Sacramento Business Journal

  • Pro Tem: CEQA reform coming, tax hikes deserve 'vigorous' debate

    Allen Young
    29 Jan 2015 | 2:49 pm
    The Senate will pass some version of regulatory reform on California's signature environmental law this year, Senate President Pro Tem Kevin de León said Thursday. The Senate leader added lawmakers could debate an array of tax proposals this year, including those related to property, tobacco, or oil extraction. An extension of Proposition 30 -- which raised sales taxes by a quarter cent and imposed higher income taxes on those earning over $250,000 a year -- also is a consideration, he said. "I…
  • Community banks seeing strong loan, asset growth

    Mark Anderson
    29 Jan 2015 | 2:14 pm
    Loans and assets are growing at local community banks. Auburn-based Community 1st Bank earned $1.5 million in 2014, down from earning $1.9 million in 2013, when the bank logged a gain on sale of securities of $604,000. In comparison, the bank's gain on sale of securities in 2014 was $26,000. Community 1st earned $1.1 million in the fourth quarter, up from earning $1 million in the same time the previous year. The bank ended 2014 with $230 million in assets, up 8.7 percent from $211.6 million…
  • Builders group calls for 'permit simplicity' on tenant improvements

    Ben van der Meer
    29 Jan 2015 | 2:01 pm
    An advocacy group for commercial construction is pushing for a quicker way to get building permits moving, and one city has already taken an interest. What Region Builders Inc. calls "permit simplicity" would allow a designated, pre-qualified professional architect to review plans for tenant improvements on an existing building and sign off within a day. Region Builders executive director Josh Wood said the change would mean plan review would happen at the inspection phase rather than during plan…
  • Possible Ebola patient transferred to UC Davis Medical Center

    Kathy Robertson
    29 Jan 2015 | 1:27 pm
    A patient with Ebola-like symptoms was transferred to the UC Davis Medical Center from Mercy General Hospital on Thursday morning, according to hospital and public health officials. No details have been released about the patient. Testing results are pending. One of two local hospitals on a national list of Ebola treatment centers certified by Centers for Disease Control and Prevention, the university medical center has measures in place to protect hospital workers and other patients. The facility…
  • Planned retail center on former Capital Nursery site moves forward

    Ben van der Meer
    29 Jan 2015 | 12:35 pm
    A plan to tear down the Capital Nursery site in Citrus Heights and replace it with a retail center is moving ahead. The city of Citrus Heights planning commission had a public hearing this week for the project, 50,000 square feet of buildings near the northeast corner of Sunrise Boulevard and Madison Avenue. Smart & Final would be the largest tenant, with a 28,243-square-foot store in the center's northeast corner. Along the Sunrise section would be two stand-alone retail buildings totaling about…
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    St. Louis Business News - Local St. Louis News | The St. Louis Business Journal

  • Mizzou Athletic Director Mike Alden stepping down

    Brian Feldt
    29 Jan 2015 | 2:37 pm
    Mike Alden, the University of Missouri Columbia athletic director since 1998, is stepping down. Alden, according to a letter posted on the Mizzou Tigers athletics website, said he'll be joining the College of Education as an instructor. He'll also be launching a Center for Global Service Learning Leadership at the university, he said in the letter. Alden will leave his post effective Aug. 31. Alden's contract with the school runs through June 2019. According to a USA Today database, Alden made…
  • Women’s Conference 2015: What you need to know

    Vince Brennan
    29 Jan 2015 | 12:55 pm
    With more than 1,200 attendees expected, the St. Louis Business Journal's Women's Conference is set to begin Friday morning. Confidence is the theme of the event that will feature Claire Shipman, author of "The Confidence Code"; Sharon Price John of Build-A-Bear Workshop; Julie Stackhouse of the Federal Reserve Bank of St. Louis, and many others. The conference kicks off with a networking breakfast at 7 a.m. in the Midway & Pegram Room at the St. Louis Union Station Hotel downtown. This is your…
  • What bankers say about 2015 at Arizona conference

    Greg Edwards
    29 Jan 2015 | 12:37 pm
    Bankers are perking up a bit as they look ahead to future performance, according to a survey at a bank conference this week. - The future of community banking looks better than its current state, according to 68 percent of 520 executives at a Bank Director conference in Phoenix. - Sixty percent said their bank is a likely buyer in 2015, while 16 percent said their bank is likely to sell. In St. Louis Midwest BankCentre announced earlier last month that it had agreed to buy Southern Commercial…
  • O’Fallon pre-school creates 40 jobs

    Corey Noles
    29 Jan 2015 | 11:54 am
    A newly opened pre-school in O'Fallon, Missouri, has created about 40 new jobs for the area. Primrose School of O'Fallon at Winghaven opened its doors on Monday, Jan. 12, to about 180 students ranging from infancy to pre-school age. The new school is housed in a 13,500-square-foot facility at 7778 Winghaven Blvd. The school cost approximately $2.3 million to build. It is the first and only Primrose school to open in Missouri. The school features 11 private classrooms with wireless technology throughout.…
  • St. Louis malls owned by CBL getting 15 new stores

    Ben Unglesbee
    29 Jan 2015 | 11:53 am
    CBL & Associates Properties Inc. plans to bring 15 new stores to its St. Louis-area malls early this year. CBL said in a release that the stores represent 80,000 square feet of retail space. Six new stores are opening in the Chesterfield mall. Among them are an 11,000-square-foot Lindbergh, now open, and an 8,000 square-foot 4evermen, which will open in February. Both are European-style men's boutiques new to the region. St. Louis is the second U.S. city to open the boutiques after Las Vegas, according…
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    San Antonio Business News - Local San Antonio News | The San Antonio Business Journal

  • Women's Energy Network finds fertile field in San Antonio

    Sergio Chapa
    29 Jan 2015 | 4:43 pm
    The energy sector is mostly a man's world, but women are making inroads into the oil fields and in the office. In San Antonio, about 300 women are members of the South Texas Chapter of the Women's Energy Network. The chapter's territory includes Austin, San Antonio and Corpus Christi. Founded less than two years ago, the group's president-elect Lisa Trefger said the organization expects to grow even more in 2015. "We're open to all women whether you're out in the field or in the office," Trefger…
  • UTSA organizing Eagle Ford towns to diversify economic activity

    Sergio Chapa
    29 Jan 2015 | 4:37 pm
    A group of researchers with the University of Texas at San Antonio are working with towns in the Eagle Ford Shale to help them diversify their economic activity. Members of UTSA's Eagle Ford Shale Community Development Program have been busy traveling throughout the counties where oil and natural gas production is taking place. The program is recruiting residents in those counties to volunteer for a group that will address their community's needs and then help them to apply for grants to make them…
  • Railroad Commission: Texas sees less drilling, higher production

    29 Jan 2015 | 4:03 pm
    New figures from the Railroad Commission of Texas show less drilling activity but higher production from oil and natural gas fields across the Lone Star State. The Railroad Commission issued 1,506 original drilling permits in December 2014 compared with 1,619 in December 2013, a 7 percent decrease. But the Commission reported that November 2014 figures showed the production of oil and natural gas increased compared to November 2013. Got Energy? Sign up for our Energy Inc. newsletter here. Preliminary…
  • Entrepreneurs launch running company with goal of making San Antonio a healthier city

    Stephanie Guzman
    29 Jan 2015 | 3:56 pm
    Local entrepreneurs Manny and Angie Carral wanted to take their juicing business a step further and contribute towards a healthier community. That's why following the success of their business Revolution Coffee and Juice, the husband-and-wife duo launched the San Antonio Running Co. in Southtown this year. The San Antonio Running Co. is a storefront at 711 S. St. Mary's St. that serves as part juice bar, part yoga studio and part running club. The San Antonio Running Co. features a large mural wall…
  • Xenex’s latest funding exceeds expectations, expands international opportunities

    W. Scott Bailey
    29 Jan 2015 | 2:54 pm
    Xenex Disinfection Services is attracting increased attention from overseas investors. That heightened support is expected to hasten the pace of the San Antonio bioscience company's international growth. I reported Tuesday that Xenex had secured $25 million in its latest funding round. The company's CEO, Morris Miller, said the amount raised exceeded expectations. "We wanted to raise a round of funding to expand in the U.S. and internationally," Miller said. "I don't know that we anticipated as…
 
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    San Francisco Business News - Local San Francisco News | The San Francisco Business Times

  • Obama's 'precision medicine' initiative gets Bay Area face

    Ron Leuty
    29 Jan 2015 | 7:33 pm
    As President Barack Obama offers more details on a "precision medicine" plan outlined in last week's State of the Union speech, the Bay Area will have strong representation Friday at the White House and as a growing number of local companies seek to blend health care and Big Data. Two UCSF officials — vice chancellor of research Keith Yamamoto and neurotrauma expert Dr. Geoffrey Manley — are expected to attend Obama's announcement. They will join other academics, scientists and biomedical company…
  • Cal State East Bay nets $2.5 million lead grant for new STEM education center

    Chris Rauber
    29 Jan 2015 | 2:28 pm
    California State University East Bay, which educates many of the East Bay's K-12 teachers, has nabbed a $2.5 million grant from a Bechtel foundation to help finance a new STEM education complex on its Hayward campus. The S.D. Bechtel Jr. Foundation is supplying what officials at the Hayward-based university call its biggest private grant ever. They hope the Bechtel gift will jump-start efforts to raise $17 million to fund the proposed 20,000-square-foot Center for Interdisciplinary Research and…
  • Hershey gobbles up Sonoma-based Krave Jerky

    Annie Sciacca
    29 Jan 2015 | 2:17 pm
    In its first acquisition of a non-sweet product company, candy giant Hershey Co. agreed to buy jerky maker Krave Pure Foods Inc, making for its first foray into the $2.5 billion U.S. meat snacks market. Sonoma-based Krave has made a dent in the dried-meat portion of the snack market by developing innovative flavors and marketing to a different audience than is usually targeted by jerky companies. Founded in 2009, Krave had net sales of more than $35 million over the last 12 months. Founder Jon…
  • UCSF epilepsy expert Dan Lowenstein steps in as provost

    Ron Leuty
    29 Jan 2015 | 2:06 pm
    Dr. Dan Lowenstein, a renowned epilepsy researcher, is UCSF's new executive vice chancellor and provost. Lowenstein replaces Dr. Jeff Bluestone, a leader in diabetes research, who is stepping down as the University of California, San Francisco's second in command to devote more time to his lab. Lowenstein's appointment was made Thursday by UCSF President Dr. Sam Hawgood. A decade ago, Lowenstein started pulling together scientists globally to bring together data that could lead to personalized…
  • ​Developers drive into Oakland's Auto Row with ideas for mixed-use projects

    Mary Ann Azevedo
    29 Jan 2015 | 1:57 pm
    Oakland officials have been pushing a plan to redevelop a 1-mile stretch of Broadway between Grand Avenue and Highway 580, known as "Auto Row," and the planning is starting to pay off. The area — called the Broadway-Valdez corridor — is attracting big interest in the way of mixed-use projects. Applications have been pouring in since the city finalized its specific plan for the transit-rich area last July after a six-year process. Many of the area's car dealerships have shut down, leaving large…
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    San Jose Business News - Local San Jose News | The Silicon Valley / San Jose Business Journal

  • Cupertino council members 'drop in' on Apple Campus 2 in amazing state-of-the-city address

    Nathan Donato-Weinstein
    29 Jan 2015 | 4:57 pm
    For weeks now, I've been hearing rumors of how cool Cupertino Mayor Rod Sinks' first State of the City address was going to be. (Yes, you heard me right — "cool" and "State of the City address" in the same sentence.) But things have been very hush-hush, aside from some rather intriguing-looking photos posted to the KMVT Facebook page. Well, the mayor didn't disappoint at the Jan. 28 event. As you can see streaming over on YouTube, Sinks took a nontraditional approach to the annual speech to say…
  • Google profits, revenue miss forecasts as advertisers paid less per click

    Angela Swartz
    29 Jan 2015 | 1:43 pm
    (Updates with comments from Google's conference call with analysts, and comments from an Edward Jones analyst, and further detail from Google's earnings announcement.) Google Inc. on Thursday reported profits and revenue for the fourth quarter that missed analysts' forecasts, as the amount advertisers paid for users' clicks on ads fell. The Mountain View company's average cost-per-click — the amount advertisers pay Google for each ad click-through — fell about 3 percent in the fourth quarter…
  • Sharks moving minor league team to San Jose's SAP Center

    Ryan Fernandez
    29 Jan 2015 | 12:56 pm
    It's official: The San Jose Sharks will be moving their minor league franchise from Massachusetts to SAP Center in San Jose. The move of the yet-to-be named American Hockey League development team, currently based in Worcester, is part of a larger plan that creates a new minor league division of five teams that are based in Western North America. The new Pacific Division will include the Sharks club, a Bakersfield team affiliated with the Edmonton Oilers, an Ontario, California club affiliated with…
  • Whistle raises $15M for 'Fitbit for dogs,' buys competitor

    Gina Hall
    29 Jan 2015 | 12:50 pm
    Whistle, also known as Fitbit for dogs, raised $15 million in Series B funding on Thursday and acquired its competitor, Tagg. Nokia Growth Partners led the round, which also included Qualcomm, Melo7 Tech Partners and Queensbridge Venture Partners, in addition to existing investors. The company has raised $25 million to date. The San Francisco-based company was co-founded in 2012 by CEO Ben Jacobs to create wearable devices to help pets live healthier lives. The company's activity tracker, which…
  • Portola Valley's Meta raises $23M for Iron Man-like headsets

    Gina Hall
    29 Jan 2015 | 12:40 pm
    Meta raised $23 million in a Series A funding to build headsets which allow users to interact with holograms — just like Tony Stark in the movie "Iron Man." Horizon Ventures, Tim Draper, BOE Optoelectronics, Garry Tan and Alexis Ohanian of Y Combinator led the round. Danhua Capital, Commodore Partners and Vegas Tech Fund also contributed to the funding. The Portola Valley-based company was co-founded in by CEO Meron Gribetz in 2012 to create headsets which seamlessly unite the real world with…
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    Seattle Business News - Local Seattle News | The Puget Sound Business Journal

  • Want Super Bowl tickets? Better hurry: Fewer than 225 seats left

    Patti Payne
    29 Jan 2015 | 8:28 pm
    If you are still looking for Super Bowl tickets, you will have to look hard. And be prepared to pay top dollar. Connor Gregoire, analyst for SeatGeek.com, a website that provides search and price forecasting for people who want to buy sports and entertainment event tickets, is in Phoenix in the middle of all the pre-game action. The market tickets to see the Seattle Seahawks take on the New England Patriots at the Super Bowl has gone crazy, he says. There are fewer than 225 tickets available and…
  • The AFL-CIO just became Amazon's landlord

    Marc Stiles
    29 Jan 2015 | 5:06 pm
    Blanchard Plaza, an office tower in downtown Seattle, sold Thursday for $122.66 million, or nearly twice what the property sold for in 2006. The reason the value of the 1983 building increased so much is because Amazon.com leased the building last spring. The lease runs for approximately 11 years, according to an agreement that was recorded with King County. In an ironic twist, the virulently anti-union Amazon has a very union-friendly new landlord: the AFL-CIO Building Investment Trust. The AFL-CIO…
  • ​Amazon's headcount tops 150,000 after adding nearly 40,000 employees in 2014

    Rachel Lerman
    29 Jan 2015 | 3:54 pm
    It turns out all the cranes dotting the sky above Seattle's South Lake Union neighborhood are necessary. At least, necessary for Amazon — the company needs them to make room for its booming employee count. Amazon now has 154,100 employees worldwide, 36,800 more employees than it had a year ago. It added 5,000 employees in the last quarter alone. Amazon's headcount doesn't even include its contractors who work in the company's huge warehouses or its tens of thousands of seasonal holiday workers.…
  • Bidding war for old Federal Reserve building in Seattle rages on, bids hit $9.6M

    Marc Stiles
    29 Jan 2015 | 2:53 pm
    Two parties very much want to own an historic building in downtown Seattle. That's clear from the online auction for the former Federal Reserve Bank branch, a half-block property at 1015 Second Ave. In just under two hours on Thursday, bids went from $8 million to $9.2 million. UPDATE: Minutes after this story was posted, a bid of $9.6 million was received. And there's a chance they'll climb even higher because the auction is now scheduled to last until just before 2 p.m. Friday. Two groups, identified…
  • ​Amazon challenges Microsoft as cloud customers soar past 1 million

    Rachel Lerman
    29 Jan 2015 | 2:29 pm
    Amazon's strength in the cloud just keeps growing, and the retailer is putting plans in place to crush its competition. Amazon announced in its fourth quarter earnings report that its cloud computing division Amazon Web Services now has more than 1 million active customers. The retailer did not release specific numbers, but said AWS usage grew by nearly 90 percent year-over-year in the fourth quarter. AWS has long been the leader in the public cloud market, but companies such as Microsoft and…
 
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    South Florida Business News - Local South Florida News | The South Florida Business Journal

  • Business community turns out for SFBJ's 2015 CFO Awards

    Nina Lincoff
    29 Jan 2015 | 4:09 pm
    The South Florida Business Journal's' eighth annual CFO awards was held Wednesday evening at the IGFA Fishing Hall of Fame Museum in Dania Beach. About 270 people attended the affair to see which of the finalists snared the CFO award in each of four categories – under $100 million, over $100 million, public company, and nonprofit. The presenting sponsor for the event was Steven Douglas Associates, and the corporate sponsors were Cherry Bekaert, Comcast Business, eMerge Americas, Florida International…
  • BB&T sells repossessed Lantana property at 58% discount

    Brian Bandell
    29 Jan 2015 | 2:29 pm
    Branch Banking & Trust Co. unloaded a group of commercial properties in Lantana at a 58 percent discount to their foreclosed mortgage. The bank (NYSE: BBT) seized the neighboring properties at 208 and 320 N. Dixie Highway and 122 E. Lantana Road in March 2014. It foreclosed on a $2.6 million mortgage held by Jantana II LLC. BB&T recently sold all three properties for $1.09 million to G3 Investment Trust, an Opa Locka-based company affiliated with Stephen Gans and Gans Family Investments. The three…
  • Speedway to remodel dozens of Florida Hess stores by March

    Emon Reiser
    29 Jan 2015 | 2:28 pm
    Have you noticed? Hess convenience stores across South Florida have been quietly converting Speedways since the company's acquisition of Hess Retail Holdings LLC last year. In total, Speedway LLC acquired 1,256 Hess convenience stores, including about 248 Florida stores. About 60 stores across the state have already been converted to the Speedway brand and the remainder will be converted by March, according to a company spokesman. It's the largest conversion in the company's history and it's expected…
  • City National Bank net income up, loans grow in 2014

    Nina Lincoff
    29 Jan 2015 | 2:25 pm
    The Miami-based bank pulled in net income of $43 million in 2014, up from a $63 million loss in 2013, due to the ongoing acquisition process of City National Bank by Chile's Banco de Credito e Inversiones. City National Bank is still awaiting regulatory approval for its sale to BCI, which was announced in 2013. The deal is expected to close this year, according to a news release. The financial institution is currently owned by Bankia in Spain. The bank's core earnings increased 24 percent in 2014,…
  • South Florida construction contracts surge 52% in 2014

    Brian Bandell
    29 Jan 2015 | 1:27 pm
    The construction cranes are popping up like daisies in South Florida, as a study by Dodge Data & Analytics found a 52 percent increase in construction contract awarded here in 2014. There were $10 billion in construction contracts awarded in the tri-county area last year, up from $6.6 billion in 2013. Activity was especially robust in December, with $1.3 billion in contracts awarded, compared to $472 million in December 2013. With all of the condo towers and apartment buildings rising, it's no…
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    Tampa Business News - Local Tampa News | The Tampa Bay Business Journal

  • News Wrap with Alexis Muellner (Video)

    29 Jan 2015 | 2:25 pm
    News Wrap with Alexis Muellner (Video)
  • Startup Week promises to solve Tampa Bay identity crisis

    Wade Tyler Millward
    29 Jan 2015 | 12:00 pm
    The first week of February will bring a louder megaphone for Tampa Bay's nascent startup scene to metaphorically grab wider attention. That's one of the hopes for the about 10 organizers working to make the region's first Tampa Bay Startup Week a success. Another central theme: Discovering what makes the region special and where it fits in the greater national trend of small businesses offering services beyond their borders, better known as entrepreneurship. Tampa is one of six cities the Seattle-based…
  • USF seeks licensing for potential MRSA treatment

    Wade Tyler Millward
    29 Jan 2015 | 11:35 am
    University of South Florida researchers may be sitting on an effective treatment for one of the deadliest infections in the world. In December, the United States Patent and Trademark Office issued a patent to a group of USF microbiologists for a compound to fight MRSA. In recent years, a strain of MRSA acquired in public has displaced the once more common hospital-acquired strain. The bacterium has become the most common cause of infectious disease and death in the country, according to a USF statement…
  • Ch. 8's Rod Carter takes reassignment in stride, glad for the chance to sleep in

    Eric Snider
    29 Jan 2015 | 11:23 am
    No more 7:30 p.m. bed times. No more 1:45 a.m. alarms. WFLA Channel 8's Rod Carter has moved out of the morning anchor chair and into a new role: anchoring weekend newscasts at 6 and 11 p.m. and hitting the street as a general assignment reporter Wednesday through Friday. New hire Gene Ramirez joins Gayle Guyardo weekdays from 4:30 a.m. to 7 a.m. Previous weekend co-anchor Josh Thomas has shifted to general assignment. Carter's reassignment is generally regarded as a downward move in the TV business.…
  • From flipping office towers to adaptive reuse, NAIOP Tampa Bay picks best real estate deals of 2014

    Ashley Gurbal Kritzer
    29 Jan 2015 | 8:51 am
    Tampa Bay's biggest commercial real estate deals and dealmakers of 2014 were honored Wednesday by NAIOP Tampa Bay. Chuck Davis, managing director of Southeast region for MetLife Real Estate Investments, was inducted into the NAIOP Hall of Fame. Larry Feldman, CEO of Feldman Equities, was honored as Entrepreneur of the Year for his work buying, renovating and selling office buildings in Tampa and St. Petersburg. Here are the other winners: Best deal of the year (sale): The $128 million sale of…
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    Washington, D.C. Business News - Local Washington, D.C. News | The Washington Business Journal

  • D.C. won't pursue oversight of St. Elizabeths Hospital

    Tina Reed
    29 Jan 2015 | 2:04 pm
    D.C. auditors said they've determined no more oversight is needed for St. Elizabeths Hospital. The decision comes several months after the Department of Justice ended seven years of federal oversight of the psychiatric hospital in Southeast D.C. But D.C. Auditor Kathleen Patterson tokd officials at the psychiatric hospital they must maintain controls established to address key risks, including producing monthly reports to monitor hospital operations and conducting internal audits. St. Elizabeths…
  • Bowser team puts hold on five projects awarded by Gray

    Daniel J. Sernovitz
    29 Jan 2015 | 2:04 pm
    Mayor Muriel Bowser promised to review projects awarded to developers late in Mayor Vincent Gray's administration. And now we have our first sense of her approach. The new mayor plans to renegotiate three deals for projects on city-owned sites to boost affordable housing, according to a background press briefing from the mayor's economic development team. She also plans to nix a deal for the Parcel 42 project at Seventh Street and Rhode Island Avenue NW and wants more financial information on the…
  • Insurers urge city to limit D.C. Health Link funding tax

    Tina Reed
    29 Jan 2015 | 12:03 pm
    Insurance groups in the District called on city officials at a council hearing Thursday to cap the tax they have to pay to fund D.C. Health Link. Their concern: The 1 percent tax is "open-ended" and could become too costly, said Geralyn Trujillo, a representative from America's Health Insurance Plans, or AHIP. She pointed out D.C.'s exchange budget is already higher than some other jurisdictions. AHIP has concerns "the cost will grow to the point some of these companies will have to re-evaluate…
  • For REI, Washington — and Uline Arena — a no-brainer

    Rebecca Cooper
    29 Jan 2015 | 12:02 pm
    Plaid-clad outdoorsy types galore gathered Wednesday night to hear more about what would inevitably become their new mecca: the 52,000-square-foot REI flagship the company has planned for D.C.'s NoMa neighborhood. The REI store that will be located in the historic Uline Arena building on Third Street NE is the culmination of years of work to bring one of the brand's rare flagships to the District. There are only four others nationwide: Seattle; Denver; Bloomington, Minnesota; and New York City.…
  • UMd. athletic department red ink nearly tripled in fiscal 2014

    Mark Holan
    29 Jan 2015 | 11:48 am
    The athletic department at the University of Maryland at College Park had a $3.5 million operating loss in the 2014 fiscal year, up from $1.2 million in 2013, according to information presented to the Board of Regents' Finance Committee on Thursday. Such losses total nearly $10 million dating back to 2010. But Bob Page, University System of Maryland associate vice chancellor for financial affairs, told me the athletic department does not expect to add to it "with almost near certainty." Why so…
 
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    Wichita Business News - Local Wichita News | The Wichita Business Journal

  • See inside: $14M Mennonite Housing complex in north Wichita enters second phase

    Josh Heck
    29 Jan 2015 | 12:57 pm
    Mennonite Housing Rehabilitation Services is moving forward with the next phase of its French Quarter development in North Wichita. The organization, which develops and operates low-income housing facilities, is adding 44 units to an existing duplex complex near 14th Street North and Kansas Street. This will be an $8 million project. Conspec, Inc. is the general contractor. Krehbiel Architecture is the architect. Other partners in the project are the city of Wichita, Kansas Housing Resources…
  • KAKE TV names new general manager as Dan Wall retires

    Daniel McCoy
    29 Jan 2015 | 12:43 pm
    KAKE TV on Thursday confirmed that Dan Wall is retiring and that it has named Brad Moses as new vice president and general manager. According to his LinkedIn page, Moses was most recently at WFLA TV in Tampa, Fla., serving there as president and general manger. KAKE, which is a news partner with the WBJ, is expected to have more details on the change later in the day.
  • Wichita State to appeal NCAA move to vacate baseball wins

    Emily Behlmann
    29 Jan 2015 | 11:46 am
    Wichita State University President John Bardo says it's appropriate for the Shocker baseball team to face a year's probation and a $5,000 fine, but the university plans to appeal the vacation of more than 70 wins. The recommended penalties were announced Thursday by the NCAA Division I Committee on Infractions, which says 21 baseball players purchased shoes, clothing, hunting gear and other non-athletics items using a 50-percent discount provided by the team's apparel vendor, Under Armour. A former…
  • Will Air Force One deal mark the end of Boeing’s 747?

    Daniel McCoy
    29 Jan 2015 | 11:40 am
    While it wasn't a surprise that the U.S. Air Force this week tabbed the Boeing Co.'s 747-8 as its replacement for Air Force One, the pending contract could mark more of a milestone than just the "Queen of the Skies" taking another turn as the president's personal aircraft. It could also mark the beginning of the end for Boeing's 747 program. As aviation analyst Scott Hamilton of Leeham Co. writes in this report, Boeing is competing for a potential order from Turkish Airlines with Airbus, but if…
  • NCAA strips Wichita State of baseball wins, imposes probation with impermissible benefits ruling

    Josh Heck
    29 Jan 2015 | 10:33 am
    The NCAA says Wichita State University didn't monitor well enough the activities of a former administrative assistant and didn't take steps to prevent baseball players from using an unauthorized discount to purchase apparel. That's according to a Division I Committee on Infractions decision released late Thursday morning. The WSU baseball team faces a $5,000 fine and will be stripped of all wins from 2011 to 2013 in which 21 baseball players who received impermissible benefits participated. A one-year…
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