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  • Which restaurant will be the Foodie Favorites Showdown: Fine Dining winner?

    National Business News - Local Business News | bizjournals
    Rachel Aretakis
    30 Oct 2014 | 9:02 pm
    The results are in, and we now have the final two restaurants in Foodie Favorites Showdown: Fine Dining. Village Anchor has won over Porcini in the Final Four of our upscale restaurant challenge. The restaurant moves on to the championship round to compete against English Grill. Vote now for the restaurant that you prefer in the survey below. Voting closes at 11:59 p.m. on Tuesday, Nov. 4, and the winner will be announced on Nov. 5. Remember to share the news on Twitter using the hashtag #LBFfoodiefaves.
  • Execs: YRC in better position now 'than any other time in recent history'

    Business News from the Midwest - bizjournals.com
    Austin Alonzo
    30 Oct 2014 | 4:02 pm
    YRC Worldwide Inc. executives were extremely optimistic about the company's performance in the third quarter of 2014 and what it means for the company's immediate future. "I believe that we are in a better place (now) than any other time in our recent history," CEO James Welch said during the company's quarterly conference call. The Overland Park-based less-than-truckload carrier (Nasdaq: YRCW) reported a net income of $1.2 million, the first net income its reported in the third quarter since 2012…
  • Gunman reported at Boeing Everett plant, employees escorted out

    Bizjournals.com Northwest RSS Feed
    Rachel Lerman
    30 Oct 2014 | 8:41 pm
    Boeing's Everett plant is being evacuated after police received unsubstantiated reports of a man with a gun on the premises. Boeing tweeted from its official Twitter handle that the company's security and police are investigating the potential threat. "All precautions being taken until we know more," Boeing said in the tweet. Everett Police spokesman Aaron Snell told KOMO several people reported seeing a man walking with a rifle. Police said they are searching the buildings but have not seen anyone…
  • Denton's fracking ban: Is it a reasonable prohibition or the taking of mineral rights?

    Business News from Southwest US - bizjournals.com
    Nicholas Sakelaris
    30 Oct 2014 | 8:55 pm
    If Denton voters adopt the fracking ban on Nov. 4, should the city expect a stack of lawsuits on the steps of City Hall on Nov. 5? If you ask opponents of the ban, they promise years of costly court battles challenging the city's authority and asking for millions of dollars in compensation for unrecoverable minerals. This would be the first time a Texas city has voted to ban fracking, so other cities in Texas and around the country will be paying close attention. "There's some unique issues here…
  • The country's two biggest retirement services firms are now run by Boston CEOs

    Business News from the Northeast US - bizjournals
    Jon Chesto
    30 Oct 2014 | 8:23 pm
    The two biggest retirement services providers in the country are now overseen by Boston-based CEOs. You've heard of the first one before. But probably not the second. Yes, of course, Boston-based Fidelity is still No. 1 when it comes to 401(k) plans and the like. But there's a new No. 2 — and it has a new name. Great-West Financial, the U.S. division of Canada's Great-West Lifeco Inc., became the second largest retirement services provider in the U.S. last month following its acquisition of the…
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    National Business News - Local Business News | bizjournals

  • Which restaurant will be the Foodie Favorites Showdown: Fine Dining winner?

    Rachel Aretakis
    30 Oct 2014 | 9:02 pm
    The results are in, and we now have the final two restaurants in Foodie Favorites Showdown: Fine Dining. Village Anchor has won over Porcini in the Final Four of our upscale restaurant challenge. The restaurant moves on to the championship round to compete against English Grill. Vote now for the restaurant that you prefer in the survey below. Voting closes at 11:59 p.m. on Tuesday, Nov. 4, and the winner will be announced on Nov. 5. Remember to share the news on Twitter using the hashtag #LBFfoodiefaves.
  • Denton's fracking ban: Is it a reasonable prohibition or the taking of mineral rights?

    Nicholas Sakelaris
    30 Oct 2014 | 8:55 pm
    If Denton voters adopt the fracking ban on Nov. 4, should the city expect a stack of lawsuits on the steps of City Hall on Nov. 5? If you ask opponents of the ban, they promise years of costly court battles challenging the city's authority and asking for millions of dollars in compensation for unrecoverable minerals. This would be the first time a Texas city has voted to ban fracking, so other cities in Texas and around the country will be paying close attention. "There's some unique issues here…
  • Gunman reported at Boeing Everett plant, employees escorted out

    Rachel Lerman
    30 Oct 2014 | 8:41 pm
    Boeing's Everett plant is being evacuated after police received unsubstantiated reports of a man with a gun on the premises. Boeing tweeted from its official Twitter handle that the company's security and police are investigating the potential threat. "All precautions being taken until we know more," Boeing said in the tweet. Everett Police spokesman Aaron Snell told KOMO several people reported seeing a man walking with a rifle. Police said they are searching the buildings but have not seen anyone…
  • The country's two biggest retirement services firms are now run by Boston CEOs

    Jon Chesto
    30 Oct 2014 | 8:23 pm
    The two biggest retirement services providers in the country are now overseen by Boston-based CEOs. You've heard of the first one before. But probably not the second. Yes, of course, Boston-based Fidelity is still No. 1 when it comes to 401(k) plans and the like. But there's a new No. 2 — and it has a new name. Great-West Financial, the U.S. division of Canada's Great-West Lifeco Inc., became the second largest retirement services provider in the U.S. last month following its acquisition of the…
  • If these buildings could talk - Washington's spookiest structures (Video)

    Jennifer Nycz-Conner
    30 Oct 2014 | 8:20 pm
    Staff photographer Joanne S. Lawton has shot plenty of our region's most notable buildings, from major office developments to lavish residences to historic landmarks to everything in between. Sometimes, those buildings can fall into the category of eerie or spooky, especially when you know the stories that help fill out the images. This Halloween, we asked Joanne to share some of her favorite eerie images from her more than two decades of capturing our region's newsmakers and the places in which…
 
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    Business News from the Midwest - bizjournals.com

  • Execs: YRC in better position now 'than any other time in recent history'

    Austin Alonzo
    30 Oct 2014 | 4:02 pm
    YRC Worldwide Inc. executives were extremely optimistic about the company's performance in the third quarter of 2014 and what it means for the company's immediate future. "I believe that we are in a better place (now) than any other time in our recent history," CEO James Welch said during the company's quarterly conference call. The Overland Park-based less-than-truckload carrier (Nasdaq: YRCW) reported a net income of $1.2 million, the first net income its reported in the third quarter since 2012…
  • General aviation deliveries rise in Q3

    Daniel McCoy
    30 Oct 2014 | 3:30 pm
    Total worldwide deliveries of general aviation aircraft increased in the third quarter to 1,678, up 5.7 percent year over year. Total billings for those deliveries also increased, up 4 percent to $16 billion. According to a new report from the General Aviation Manufacturers Association, deliveries of piston aircraft and business jets increased 9.2 percent and 9.3 percent respectively year over year. Turboprop aircraft, meanwhile, declined 3.7 percent. GAMA's records show that the Wichita-based…
  • Top Grand Avenue bidder: Wants to work with community to 'breathe new life' into downtown mall

    Alison Bauter
    30 Oct 2014 | 2:54 pm
    Alex Levin, the New York City real estate investor whose group submitted the winning bid for Milwaukee's Shops of Grand Avenue, told the Milwaukee Business Journal Thursday that he wants to work with the city and the community to "breathe new life" into the struggling mall. Levin did not want to discuss details regarding the $16.5 million deal until the Grand Avenue auction closes in a couple of weeks. However, he told the Milwaukee Business Journal, "In general, I want to tell you that we are looking…
  • 11Wells to open a 'Travail-style' craft cocktail bar

    Clare Kennedy
    30 Oct 2014 | 2:54 pm
    11Wells Spirits will soon begin work on a new cocktail lounge. The St. Paul distillery's plans go far beyond a standard tasting room. The new space will be a full-fledged craft cocktail bar. Founder Lee Egbert said the company hopes to do with spirits what Travail Kitchen and Amusements does with food, with experienced bartenders guiding drinkers through a carefully curated cocktail flight. RELATED: Face Time: Mike Brown, Bob Gerken and James Winberg of Travail Kitchen and Amusements The cocktail…
  • Copaken Brooks treats itself to new president, COO

    Rob Roberts
    30 Oct 2014 | 2:46 pm
    What do dog treats and commercial real estate services have in common? That sounds like a riddle but is actually one of the questions people are asking a new leader at Copaken Brooks, one of Kansas City's oldest commercial real estate and development firms. Brian Wietharn, who has joined the firm as president and COO, previously was CEO of Three Dog Bakery, a Kansas City-based natural dog food and treat company that expanded to 40 locations globally under Wietheran's leadership. Like dog treats,…
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    Bizjournals.com Northwest RSS Feed

  • Gunman reported at Boeing Everett plant, employees escorted out

    Rachel Lerman
    30 Oct 2014 | 8:41 pm
    Boeing's Everett plant is being evacuated after police received unsubstantiated reports of a man with a gun on the premises. Boeing tweeted from its official Twitter handle that the company's security and police are investigating the potential threat. "All precautions being taken until we know more," Boeing said in the tweet. Everett Police spokesman Aaron Snell told KOMO several people reported seeing a man walking with a rifle. Police said they are searching the buildings but have not seen anyone…
  • Celebrated Canlis chef Jason Franey lands at Monterey's 1833

    Glenn Drosendahl
    30 Oct 2014 | 6:06 pm
    Jason Franey, celebrated as one of the Northwest's best chefs while at Canlis in Seattle, is moving south. He has been named executive chef at Restaurant 1833 in Monterey, Calif. Brothers Mark and Brian Canlis, owners of Seattle's most decorated restaurant, have announced a nationwide search to find Franey's successor. Franey joined Canlis in 2009 after cooking under chef Daniel Humm at Eleven Madison Park, a Michelin three-star restaurant in New York City, and in 2011 was named one of Food & Wine…
  • Why should big businesses advertise on podcasts? A comedian tells us so

    Erik Siemers
    30 Oct 2014 | 5:48 pm
    Each week, Graham Elwood and Chris Mancini record themselves reviewing movies. They're comedians, so it's entertaining. And they frequently invite other comedians as guests, making it funnier yet. Even better, the show — "Comedy Film Nerds"— is free, downloadable and you can listen to it whenever it suits you. If this concept is foreign to you, then let me introduce you to the podcast, a broadcasting evolution enabled by the advent of the iPod and the digital music revolution. If you, like…
  • How much is $2B? Understanding the enormity of UO's fundraising goal (Infographic)

    Matthew Kish
    30 Oct 2014 | 3:52 pm
    The University of Oregon this month announced a $2 billion fundraising effort. How much is that? If every Oregonian kicked in equally we'd each be on the hook for $500. It's also more than the annual sales of Portland General Electric Co., which provides electricity to nearly half of the state. See the below graphic for more perspective. The university is confident it will hit the goal. It already has $700 million in the bank. But it needs to raise roughly $300 million each of the next four years…
  • Seattle Genetics reports $75.8M in third-quarter revenue, stock jumps 3 percent after hours

    Annie Zak
    30 Oct 2014 | 3:07 pm
    Seattle Genetics, a Bothell-based biotech company that focuses on developing cancer treatment drugs, announced encouraging third-quarter earnings today. The company announced $75.8 million in revenue, more than analysts' estimates of $66.9 million, and losses of $15.5 million. Seattle Genetics' losses are down and sales up since the last quarter. While its stock was down in normal trading for the day, it jumped more than 3 percent after hours to $36.44 per share. Seattle Genetics CEO Clay Siegall…
 
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    Business News from Southwest US - bizjournals.com

  • Denton's fracking ban: Is it a reasonable prohibition or the taking of mineral rights?

    Nicholas Sakelaris
    30 Oct 2014 | 8:55 pm
    If Denton voters adopt the fracking ban on Nov. 4, should the city expect a stack of lawsuits on the steps of City Hall on Nov. 5? If you ask opponents of the ban, they promise years of costly court battles challenging the city's authority and asking for millions of dollars in compensation for unrecoverable minerals. This would be the first time a Texas city has voted to ban fracking, so other cities in Texas and around the country will be paying close attention. "There's some unique issues here…
  • More Whitney Bank branches in Houston sold

    Olivia Pulsinelli
    30 Oct 2014 | 7:37 pm
    Hancock Holding Co. (Nasdaq: HBHC) is selling more of its Whitney Bank branches in Houston and opening more business financial centers. The Mississippi-based company, which sold seven Houston branches last year, said late Oct. 30 that it will sell four branches to Louisiana-based Community Trust Bank. The branches are: 12600 Memorial Drive, Houston 6767 FM 1960 West, Houston 5115 Main St., Houston 8002 Kirby Drive, Houston Along with the branches, Community Trust will acquire approximately $15…
  • Denver doesn't make top 200 cities for female executives, study finds

    Heather Draper
    30 Oct 2014 | 4:20 pm
    It's still tough to be a female executive in metro Denver, according to a study released Thursday by Infogroup Targeting Solutions, a Nebraska-based business and consumer database firm. Denver ranks 224 out of 832 cities with at least 1,000 businesses meeting Infogroup's search criteria, and many of the 832 cities in the study are smaller than Denver. The research found that only 30.1 percent of companies in Denver have at least one woman in an executive position. That did, however, beat the national…
  • National Instruments more than doubles Q3 profits

    Christopher Calnan
    30 Oct 2014 | 4:09 pm
    National Instruments Corp. reported Thursday that it more than doubled third-quarter profits. The Austin-based company posted a quarterly profit of $39.7 million, or 31 cents per share, on revenue of $313.7 million, compared with a profit of $15.7 million, or 13 cents per share, on revenue of $289.1 million during the same quarter last year, according to a filing with the U.S. Securities and Exchange Commission. On a non-GAAP basis National Instruments generated earnings 37 cents per share versus…
  • Newmont Mining's Q3 profit falls 46%, but adjusted earnings up

    Mark Harden
    30 Oct 2014 | 3:49 pm
    Newmont Mining Corp. reported a sharp decline in profit for the third quarter from a year earlier as both prices and production fell, but the Greenwood Village-based gold miner posted higher adjusted earnings late Thursday. For the quarter that ended Sept. 30, net income attributable to shareholders was $213 million, down 46 percent from the Q3 2013 figure of $398 million. Diluted per-share earnings came in at 43 cents, down from the year-ago 80 cents. But absent one-time items, including restructuring…
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    Business News from the Northeast US - bizjournals

  • The country's two biggest retirement services firms are now run by Boston CEOs

    Jon Chesto
    30 Oct 2014 | 8:23 pm
    The two biggest retirement services providers in the country are now overseen by Boston-based CEOs. You've heard of the first one before. But probably not the second. Yes, of course, Boston-based Fidelity is still No. 1 when it comes to 401(k) plans and the like. But there's a new No. 2 — and it has a new name. Great-West Financial, the U.S. division of Canada's Great-West Lifeco Inc., became the second largest retirement services provider in the U.S. last month following its acquisition of the…
  • If these buildings could talk - Washington's spookiest structures (Video)

    Jennifer Nycz-Conner
    30 Oct 2014 | 8:20 pm
    Staff photographer Joanne S. Lawton has shot plenty of our region's most notable buildings, from major office developments to lavish residences to historic landmarks to everything in between. Sometimes, those buildings can fall into the category of eerie or spooky, especially when you know the stories that help fill out the images. This Halloween, we asked Joanne to share some of her favorite eerie images from her more than two decades of capturing our region's newsmakers and the places in which…
  • Here's why Apple supplier GT Advanced declared bankruptcy

    David Harris
    30 Oct 2014 | 8:02 pm
    Details have emerged this week about what actually led to the bankruptcy of New Hampshire-based GT Advanced Technologies, an Apple (Nasdaq: AAPL) supplier that has operations in Salem. Apple has wanted to keep the details of GT's relationship secret, but the documents shed light on a promising business deal between a potential supplier and a tech giant that went bad quickly. In the end GT says the deal ended up costing it $900 million in total. Earlier this month, the company said it would close…
  • Meet the Fastest Growing Companies of 2014

    Caitlin Burke
    30 Oct 2014 | 7:01 pm
    Any businessperson can tell you it is one thing to achieve growth in a year. It is an altogether different thing to establish it across several years. For that reason, the Washington Business Journal places strict thresholds on qualifications for the Fastest Growing Companies List to wean out anomalies and startups that may just be a flash in the pan. To qualify for this List, all companies must be headquartered in the region and maintain growth across three consecutive years. Additionally, each…
  • Microsoft moves swiftly to launch Band wearable, jumps ahead of the Apple Watch

    30 Oct 2014 | 5:28 pm
    Microsoft leapfrogged the Apple Watch to market Thursday by launching the Microsoft Band wearable device, which tracks activity and sleep patterns and provides alerts from smartphones. The Redmond, Washington company set the Microsoft Band's price at $200, which is $150 below that of the least expensive Apple Watch. The Apple Watch won't hit stores until spring. The Band is also $50 less than the Fitbit Surge, which offers similar features such as heart-rate tracking. The Microsoft Band will pair…
 
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    Business News from Southeast US - bizjournals.com

  • Which restaurant will be the Foodie Favorites Showdown: Fine Dining winner?

    Rachel Aretakis
    30 Oct 2014 | 9:02 pm
    The results are in, and we now have the final two restaurants in Foodie Favorites Showdown: Fine Dining. Village Anchor has won over Porcini in the Final Four of our upscale restaurant challenge. The restaurant moves on to the championship round to compete against English Grill. Vote now for the restaurant that you prefer in the survey below. Voting closes at 11:59 p.m. on Tuesday, Nov. 4, and the winner will be announced on Nov. 5. Remember to share the news on Twitter using the hashtag #LBFfoodiefaves.
  • Superfast Internet a great step for Atlanta

    Mark Elliot
    30 Oct 2014 | 5:58 pm
    We were selected. This selection may not have the same immediate impact of announcing the Olympics were coming to Atlanta. But, it will bring our region infrastructure — and longer-lasting benefits. What were we selected for? Earlier this month, AT&T announced it will provide high-speed gigabit Internet service to Atlanta, Sandy Springs, Decatur and Newnan. It should roughly be 50 to 100 times faster than the average, fixed high-speed connection. It offers the region many advantages. The…
  • Lingerfelt CommonWealth acquires Riverplace Tower

    Andrew Thurlow
    30 Oct 2014 | 4:07 pm
    Lingerfelt CommonWealth Partners acquired the Riverplace Tower from Gate Riverplace Company, a subsidiary of Gate Petroleum, the company said Thursday in a news release. The 28-story, 425,223-square-foot office building at 1301 Riverplace Boulevard is the fifth tallest in Jacksonville. The building has a vacancy rate of 27.7 percent. Its tenants include Rogers Towers, P.A., Rayonier, Inc., Adecco USA, and ClubCorp USA, Inc. John E. Mason, senior vice president with Lingerfelt CommonWealth, said…
  • Family Dollar CEO could receive $13.6M in a Dollar General acquisition

    Jennifer Thomas
    30 Oct 2014 | 3:26 pm
    Family Dollar Stores Inc. CEO Howard Levine stands to make nearly $13.6 million if the Matthews-based discount retailer is acquired by Dollar General Corp. and his job is eliminated, according to a Family Dollar filing with the U.S. Securities and Exchange Commission on Thursday. The filing includes information on "golden parachute payments" if Dollar General (NYSE:DG) is successful with its all-cash offer of $80 per share to buy Family Dollar (NYSE:FDO), and employment for the retailer's top executives…
  • Kindred president to succeed Diaz as CEO next year

    Carolyn Tribble Greer
    30 Oct 2014 | 3:13 pm
    Kindred Healthcare Inc. has named its president and chief operating officer, Benjamin A. Breier, to succeed Paul J. Diaz as CEO of the company next year. Breier will become CEO on March 31, when Diaz will become executive vice chairman of Kindred's board of directors. Breier will remain president, and he will join the board. A search will be conducted for a new chief operating officer to succeed Breier in that role. Breier joined Kindred (NYSE: KND) in 2005 as president of the company's Rehabilitation…
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    Accounting News - Accounting News Headlines | Bizjournals.com

  • Which restaurant will be the Foodie Favorites Showdown: Fine Dining winner?

    Rachel Aretakis
    30 Oct 2014 | 9:02 pm
    The results are in, and we now have the final two restaurants in Foodie Favorites Showdown: Fine Dining. Village Anchor has won over Porcini in the Final Four of our upscale restaurant challenge. The restaurant moves on to the championship round to compete against English Grill. Vote now for the restaurant that you prefer in the survey below. Voting closes at 11:59 p.m. on Tuesday, Nov. 4, and the winner will be announced on Nov. 5. Remember to share the news on Twitter using the hashtag #LBFfoodiefaves.
  • Denton's fracking ban: Is it a reasonable prohibition or the taking of mineral rights?

    Nicholas Sakelaris
    30 Oct 2014 | 8:55 pm
    If Denton voters adopt the fracking ban on Nov. 4, should the city expect a stack of lawsuits on the steps of City Hall on Nov. 5? If you ask opponents of the ban, they promise years of costly court battles challenging the city's authority and asking for millions of dollars in compensation for unrecoverable minerals. This would be the first time a Texas city has voted to ban fracking, so other cities in Texas and around the country will be paying close attention. "There's some unique issues here…
  • Gunman reported at Boeing Everett plant, employees escorted out

    Rachel Lerman
    30 Oct 2014 | 8:41 pm
    Boeing's Everett plant is being evacuated after police received unsubstantiated reports of a man with a gun on the premises. Boeing tweeted from its official Twitter handle that the company's security and police are investigating the potential threat. "All precautions being taken until we know more," Boeing said in the tweet. Everett Police spokesman Aaron Snell told KOMO several people reported seeing a man walking with a rifle. Police said they are searching the buildings but have not seen anyone…
  • The country's two biggest retirement services firms are now run by Boston CEOs

    Jon Chesto
    30 Oct 2014 | 8:23 pm
    The two biggest retirement services providers in the country are now overseen by Boston-based CEOs. You've heard of the first one before. But probably not the second. Yes, of course, Boston-based Fidelity is still No. 1 when it comes to 401(k) plans and the like. But there's a new No. 2 — and it has a new name. Great-West Financial, the U.S. division of Canada's Great-West Lifeco Inc., became the second largest retirement services provider in the U.S. last month following its acquisition of the…
  • If these buildings could talk - Washington's spookiest structures (Video)

    Jennifer Nycz-Conner
    30 Oct 2014 | 8:20 pm
    Staff photographer Joanne S. Lawton has shot plenty of our region's most notable buildings, from major office developments to lavish residences to historic landmarks to everything in between. Sometimes, those buildings can fall into the category of eerie or spooky, especially when you know the stories that help fill out the images. This Halloween, we asked Joanne to share some of her favorite eerie images from her more than two decades of capturing our region's newsmakers and the places in which…
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    Agriculture News - Agriculture News Headlines | Bizjournals.com

  • Which restaurant will be the Foodie Favorites Showdown: Fine Dining winner?

    Rachel Aretakis
    30 Oct 2014 | 9:02 pm
    The results are in, and we now have the final two restaurants in Foodie Favorites Showdown: Fine Dining. Village Anchor has won over Porcini in the Final Four of our upscale restaurant challenge. The restaurant moves on to the championship round to compete against English Grill. Vote now for the restaurant that you prefer in the survey below. Voting closes at 11:59 p.m. on Tuesday, Nov. 4, and the winner will be announced on Nov. 5. Remember to share the news on Twitter using the hashtag #LBFfoodiefaves.
  • Denton's fracking ban: Is it a reasonable prohibition or the taking of mineral rights?

    Nicholas Sakelaris
    30 Oct 2014 | 8:55 pm
    If Denton voters adopt the fracking ban on Nov. 4, should the city expect a stack of lawsuits on the steps of City Hall on Nov. 5? If you ask opponents of the ban, they promise years of costly court battles challenging the city's authority and asking for millions of dollars in compensation for unrecoverable minerals. This would be the first time a Texas city has voted to ban fracking, so other cities in Texas and around the country will be paying close attention. "There's some unique issues here…
  • Gunman reported at Boeing Everett plant, employees escorted out

    Rachel Lerman
    30 Oct 2014 | 8:41 pm
    Boeing's Everett plant is being evacuated after police received unsubstantiated reports of a man with a gun on the premises. Boeing tweeted from its official Twitter handle that the company's security and police are investigating the potential threat. "All precautions being taken until we know more," Boeing said in the tweet. Everett Police spokesman Aaron Snell told KOMO several people reported seeing a man walking with a rifle. Police said they are searching the buildings but have not seen anyone…
  • The country's two biggest retirement services firms are now run by Boston CEOs

    Jon Chesto
    30 Oct 2014 | 8:23 pm
    The two biggest retirement services providers in the country are now overseen by Boston-based CEOs. You've heard of the first one before. But probably not the second. Yes, of course, Boston-based Fidelity is still No. 1 when it comes to 401(k) plans and the like. But there's a new No. 2 — and it has a new name. Great-West Financial, the U.S. division of Canada's Great-West Lifeco Inc., became the second largest retirement services provider in the U.S. last month following its acquisition of the…
  • If these buildings could talk - Washington's spookiest structures (Video)

    Jennifer Nycz-Conner
    30 Oct 2014 | 8:20 pm
    Staff photographer Joanne S. Lawton has shot plenty of our region's most notable buildings, from major office developments to lavish residences to historic landmarks to everything in between. Sometimes, those buildings can fall into the category of eerie or spooky, especially when you know the stories that help fill out the images. This Halloween, we asked Joanne to share some of her favorite eerie images from her more than two decades of capturing our region's newsmakers and the places in which…
 
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    Banking & Financial News - Banking & Financial News Headlines | Bizjournals.com

  • The country's two biggest retirement services firms are now run by Boston CEOs

    Jon Chesto
    30 Oct 2014 | 8:23 pm
    The two biggest retirement services providers in the country are now overseen by Boston-based CEOs. You've heard of the first one before. But probably not the second. Yes, of course, Boston-based Fidelity is still No. 1 when it comes to 401(k) plans and the like. But there's a new No. 2 — and it has a new name. Great-West Financial, the U.S. division of Canada's Great-West Lifeco Inc., became the second largest retirement services provider in the U.S. last month following its acquisition of the…
  • Here's why Apple supplier GT Advanced declared bankruptcy

    David Harris
    30 Oct 2014 | 8:02 pm
    Details have emerged this week about what actually led to the bankruptcy of New Hampshire-based GT Advanced Technologies, an Apple (Nasdaq: AAPL) supplier that has operations in Salem. Apple has wanted to keep the details of GT's relationship secret, but the documents shed light on a promising business deal between a potential supplier and a tech giant that went bad quickly. In the end GT says the deal ended up costing it $900 million in total. Earlier this month, the company said it would close…
  • More Whitney Bank branches in Houston sold

    Olivia Pulsinelli
    30 Oct 2014 | 7:37 pm
    Hancock Holding Co. (Nasdaq: HBHC) is selling more of its Whitney Bank branches in Houston and opening more business financial centers. The Mississippi-based company, which sold seven Houston branches last year, said late Oct. 30 that it will sell four branches to Louisiana-based Community Trust Bank. The branches are: 12600 Memorial Drive, Houston 6767 FM 1960 West, Houston 5115 Main St., Houston 8002 Kirby Drive, Houston Along with the branches, Community Trust will acquire approximately $15…
  • Kauai Government Employees Federal Credit Union offers high CD rates

    Jason Ubay
    30 Oct 2014 | 5:56 pm
    With an annual percentage yield of 1.76 percent, Kauai Government Employees Federal Credit Union had the highest rate for its two-year certificate of deposits among all U.S. states, according to a report from GoBankingRates.com. GoBankingRates found the highest rates in each state for CDs with six-month, one-year, two-year and five-year terms. It compiled information from its database and Informa Research Services for the study, and all rates are accurate as of Oct. 10, it said. Kauai Government…
  • American Savings Bank reports $13.3M profit in Q3

    Jason Ubay
    30 Oct 2014 | 4:19 pm
    Hawaii-based American Savings Bank reported a $13.3 million profit in the third quarter, down from the $15.3 million profit it reported in the same quarter of 2013. American Savings Bank, a wholly owned subsidary of Hawaiian Electric Industries, Inc. (NYSE: HE), reported its third quarter earnings on Thursday. The decrease was primarily driven by a $1 million higher provision for loan losses, $1 million lower fee income on other financial products and mortgage banking income, and a $1 million net…
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    Bankruptcy News - Bankruptcy News Headlines | Bizjournals.com

  • Which restaurant will be the Foodie Favorites Showdown: Fine Dining winner?

    Rachel Aretakis
    30 Oct 2014 | 9:02 pm
    The results are in, and we now have the final two restaurants in Foodie Favorites Showdown: Fine Dining. Village Anchor has won over Porcini in the Final Four of our upscale restaurant challenge. The restaurant moves on to the championship round to compete against English Grill. Vote now for the restaurant that you prefer in the survey below. Voting closes at 11:59 p.m. on Tuesday, Nov. 4, and the winner will be announced on Nov. 5. Remember to share the news on Twitter using the hashtag #LBFfoodiefaves.
  • Denton's fracking ban: Is it a reasonable prohibition or the taking of mineral rights?

    Nicholas Sakelaris
    30 Oct 2014 | 8:55 pm
    If Denton voters adopt the fracking ban on Nov. 4, should the city expect a stack of lawsuits on the steps of City Hall on Nov. 5? If you ask opponents of the ban, they promise years of costly court battles challenging the city's authority and asking for millions of dollars in compensation for unrecoverable minerals. This would be the first time a Texas city has voted to ban fracking, so other cities in Texas and around the country will be paying close attention. "There's some unique issues here…
  • Gunman reported at Boeing Everett plant, employees escorted out

    Rachel Lerman
    30 Oct 2014 | 8:41 pm
    Boeing's Everett plant is being evacuated after police received unsubstantiated reports of a man with a gun on the premises. Boeing tweeted from its official Twitter handle that the company's security and police are investigating the potential threat. "All precautions being taken until we know more," Boeing said in the tweet. Everett Police spokesman Aaron Snell told KOMO several people reported seeing a man walking with a rifle. Police said they are searching the buildings but have not seen anyone…
  • The country's two biggest retirement services firms are now run by Boston CEOs

    Jon Chesto
    30 Oct 2014 | 8:23 pm
    The two biggest retirement services providers in the country are now overseen by Boston-based CEOs. You've heard of the first one before. But probably not the second. Yes, of course, Boston-based Fidelity is still No. 1 when it comes to 401(k) plans and the like. But there's a new No. 2 — and it has a new name. Great-West Financial, the U.S. division of Canada's Great-West Lifeco Inc., became the second largest retirement services provider in the U.S. last month following its acquisition of the…
  • If these buildings could talk - Washington's spookiest structures (Video)

    Jennifer Nycz-Conner
    30 Oct 2014 | 8:20 pm
    Staff photographer Joanne S. Lawton has shot plenty of our region's most notable buildings, from major office developments to lavish residences to historic landmarks to everything in between. Sometimes, those buildings can fall into the category of eerie or spooky, especially when you know the stories that help fill out the images. This Halloween, we asked Joanne to share some of her favorite eerie images from her more than two decades of capturing our region's newsmakers and the places in which…
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    Commercial Real Estate Industry News Headlines | Bizjournals.com

  • If these buildings could talk - Washington's spookiest structures (Video)

    Jennifer Nycz-Conner
    30 Oct 2014 | 8:20 pm
    Staff photographer Joanne S. Lawton has shot plenty of our region's most notable buildings, from major office developments to lavish residences to historic landmarks to everything in between. Sometimes, those buildings can fall into the category of eerie or spooky, especially when you know the stories that help fill out the images. This Halloween, we asked Joanne to share some of her favorite eerie images from her more than two decades of capturing our region's newsmakers and the places in which…
  • Superfast Internet a great step for Atlanta

    Mark Elliot
    30 Oct 2014 | 5:58 pm
    We were selected. This selection may not have the same immediate impact of announcing the Olympics were coming to Atlanta. But, it will bring our region infrastructure — and longer-lasting benefits. What were we selected for? Earlier this month, AT&T announced it will provide high-speed gigabit Internet service to Atlanta, Sandy Springs, Decatur and Newnan. It should roughly be 50 to 100 times faster than the average, fixed high-speed connection. It offers the region many advantages. The…
  • Art Cafe Nostalgia in Pacific Guardian Center closing

    Bill Cresenzo
    30 Oct 2014 | 5:06 pm
    Owner Gina Son is closing Art Cafe Nostalgia in the Pacific Guardian Center in Downtown Honolulu within the next two weeks. She told PBN that at 600 square feet, the space for the cafe and art gallery is too small to keep up with demand. "We had a lot of traction, but profitability is something else," she said. Son opened the cafe, which serves coffee, pastries and entrees, in September 2013 after a career in finance with the Bank of Hawaii and Morgan Stanley. She said she plans to "regroup"…
  • Longs Drugs' first Waikiki store opening fall 2015, hiring 75 workers

    Duane Shimogawa
    30 Oct 2014 | 4:58 pm
    Longs Drugs' first retail store in Waikiki is scheduled to open in the fall of 2015 and will employ about 75 people, a company spokesman told PBN on Thursday. This week, PBN reported that the Rhode Island-based CVS Health-owned chain officially signed a long-term lease for the two-story, 20,438-square-foot former Teddy Bear World and Planet Hollywood restaurant space at the Bank of Hawaii Waikiki Center. Jim Cochran, a real estate advisor for Honolulu-based NAI ChaneyBrooks, which does the leasing…
  • Lingerfelt CommonWealth acquires Riverplace Tower

    Andrew Thurlow
    30 Oct 2014 | 4:07 pm
    Lingerfelt CommonWealth Partners acquired the Riverplace Tower from Gate Riverplace Company, a subsidiary of Gate Petroleum, the company said Thursday in a news release. The 28-story, 425,223-square-foot office building at 1301 Riverplace Boulevard is the fifth tallest in Jacksonville. The building has a vacancy rate of 27.7 percent. Its tenants include Rogers Towers, P.A., Rayonier, Inc., Adecco USA, and ClubCorp USA, Inc. John E. Mason, senior vice president with Lingerfelt CommonWealth, said…
 
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  • Which restaurant will be the Foodie Favorites Showdown: Fine Dining winner?

    Rachel Aretakis
    30 Oct 2014 | 9:02 pm
    The results are in, and we now have the final two restaurants in Foodie Favorites Showdown: Fine Dining. Village Anchor has won over Porcini in the Final Four of our upscale restaurant challenge. The restaurant moves on to the championship round to compete against English Grill. Vote now for the restaurant that you prefer in the survey below. Voting closes at 11:59 p.m. on Tuesday, Nov. 4, and the winner will be announced on Nov. 5. Remember to share the news on Twitter using the hashtag #LBFfoodiefaves.
  • Denton's fracking ban: Is it a reasonable prohibition or the taking of mineral rights?

    Nicholas Sakelaris
    30 Oct 2014 | 8:55 pm
    If Denton voters adopt the fracking ban on Nov. 4, should the city expect a stack of lawsuits on the steps of City Hall on Nov. 5? If you ask opponents of the ban, they promise years of costly court battles challenging the city's authority and asking for millions of dollars in compensation for unrecoverable minerals. This would be the first time a Texas city has voted to ban fracking, so other cities in Texas and around the country will be paying close attention. "There's some unique issues here…
  • Gunman reported at Boeing Everett plant, employees escorted out

    Rachel Lerman
    30 Oct 2014 | 8:41 pm
    Boeing's Everett plant is being evacuated after police received unsubstantiated reports of a man with a gun on the premises. Boeing tweeted from its official Twitter handle that the company's security and police are investigating the potential threat. "All precautions being taken until we know more," Boeing said in the tweet. Everett Police spokesman Aaron Snell told KOMO several people reported seeing a man walking with a rifle. Police said they are searching the buildings but have not seen anyone…
  • The country's two biggest retirement services firms are now run by Boston CEOs

    Jon Chesto
    30 Oct 2014 | 8:23 pm
    The two biggest retirement services providers in the country are now overseen by Boston-based CEOs. You've heard of the first one before. But probably not the second. Yes, of course, Boston-based Fidelity is still No. 1 when it comes to 401(k) plans and the like. But there's a new No. 2 — and it has a new name. Great-West Financial, the U.S. division of Canada's Great-West Lifeco Inc., became the second largest retirement services provider in the U.S. last month following its acquisition of the…
  • If these buildings could talk - Washington's spookiest structures (Video)

    Jennifer Nycz-Conner
    30 Oct 2014 | 8:20 pm
    Staff photographer Joanne S. Lawton has shot plenty of our region's most notable buildings, from major office developments to lavish residences to historic landmarks to everything in between. Sometimes, those buildings can fall into the category of eerie or spooky, especially when you know the stories that help fill out the images. This Halloween, we asked Joanne to share some of her favorite eerie images from her more than two decades of capturing our region's newsmakers and the places in which…
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    Education News - Education News Headlines | Bizjournals.com

  • GT Advanced, Thunderbird School of Global Management report combined 900 layoffs

    Mike Sunnucks
    30 Oct 2014 | 2:57 pm
    Bankrupt Apple supplier GT Advanced Technologies, the Thunderbird School of Global Management and Kmart have reported more than 1,000 layoffs of Arizona workers. The employers have officially submitted layoff notices to the state of Arizona under federal rules. GT, which is in Chapter 11 bankruptcy and is closing an Apple supply plant in the East Valley, had already reported 727 lost jobs to the city of Mesa. Many GT workers have already been cut by the company. Apple owns the factory building.…
  • UPDATE: Fact Check on false education campaign claims, plus where Hawaii's schools really rank

    A. Kam Napier
    30 Oct 2014 | 2:46 pm
    On Tuesday, I blogged here about claims being made about public education in Hawaii in mailers sent out by Hawaii Forward, which is the local face of two Mainland groups, the Democratic Governors Association and government worker union, AFSCME. That was inspired by a mailer I received Monday. Hawaii Forward has now mailed three versions of the same material, tripling down as it were. Wednesday's example features Lunalilo Elementary School teacher Amber Tyndzik quoted as saying, "We can't forget…
  • Neale on new UNM sports/entertainment hub: ‘We want something you can’t find on any other corner’

    Damon Scott
    30 Oct 2014 | 1:18 pm
    The University of New Mexico's south campus has at least 45 developable acres, but two have the school's main focus right now. UNM released a request for proposals Thursday to find a developer that will enter into a public-private partnership for what it calls a "south campus sports and entertainment district" adjacent to The Pit, Isotopes Park and University Stadium. "We want something that you cannot find at any other corner in the city or throughout the region or country — something unique…
  • Here’s how you can see MSJ player Lauren Hill’s last game

    Steve Watkins
    30 Oct 2014 | 12:47 pm
    Lauren Hill's chance to play one college basketball game for Mount St. Joseph University drew so much interest it sold out in a half-hour. But fans without a ticket can still watch the game, billed as "One Last Game." Fox Sports Ohio said Thursday it will televise Sunday afternoon's game to raise money for the incurable brain cancer from which Hill suffers. The game is Sunday at 2 p.m. against Hiram College. It was moved to Xavier University's Cintas Center to accommodate the big crowd that clamored…
  • Duly Noted: Joe Maddon close to Cubs skipper job, could be MLB's highest-paid (Video)

    David A. Arnott
    30 Oct 2014 | 12:20 pm
    The Chicago Cubs is reportedly close to a deal with Joe Maddon to become the team's next manager. Maddon had a run of success leading the Tampa Bay Rays, and when he opted out of his deal multiple teams are said to have expressed interest. He was in such high demand that it's possible he'll be the highest-paid manager in Major League Baseball, earning about $5 million per year. -- Salem Solomon of the Tampa Bay Business Journal The United States economy keeps producing good news, albeit at rates…
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    Energy & the Environment News - Energy News Headlines | Bizjournals.com

  • Denton's fracking ban: Is it a reasonable prohibition or the taking of mineral rights?

    Nicholas Sakelaris
    30 Oct 2014 | 8:55 pm
    If Denton voters adopt the fracking ban on Nov. 4, should the city expect a stack of lawsuits on the steps of City Hall on Nov. 5? If you ask opponents of the ban, they promise years of costly court battles challenging the city's authority and asking for millions of dollars in compensation for unrecoverable minerals. This would be the first time a Texas city has voted to ban fracking, so other cities in Texas and around the country will be paying close attention. "There's some unique issues here…
  • Lowering electricity rates in Hawaii starts by substituting solar energy for oil, expert says

    Duane Shimogawa
    30 Oct 2014 | 5:59 pm
    The way to get lower rates in Hawaii is to start directly substituting solar energy for oil, especially with bigger solar projects that end up being cheaper than oil, the former chairman of the Colorado Public Utilities Commission told PBN on Thursday. "You can't not afford to do solar in Hawaii," said Ron Binz, principal of Denver-based Public Policy Consulting, who spent three years as the top commissioner at the Colorado PUC, as well as President Barack Obama's nominee to head the Federal Energy…
  • Newmont Mining's Q3 profit falls 46%, but adjusted earnings up

    Mark Harden
    30 Oct 2014 | 3:49 pm
    Newmont Mining Corp. reported a sharp decline in profit for the third quarter from a year earlier as both prices and production fell, but the Greenwood Village-based gold miner posted higher adjusted earnings late Thursday. For the quarter that ended Sept. 30, net income attributable to shareholders was $213 million, down 46 percent from the Q3 2013 figure of $398 million. Diluted per-share earnings came in at 43 cents, down from the year-ago 80 cents. But absent one-time items, including restructuring…
  • Exelon CEO Christopher Crane touts Pepco Holdings merger

    Mark Holan
    30 Oct 2014 | 3:32 pm
    Exelon Corp. CEO Christopher Crane on Thursday gave his side of how the Chicago-based energy provider began courting Pepco Holdings Inc. earlier this year. His story meshes with the account Pepco CEO Joe Rigby told in April during a conference call announcing the $6.8 billion deal. "I called Joe because I prefer to do the negotiations myself," Crane told The Economic Club of Washington, D.C. during a luncheon. "Joe said, 'We don't need to do this, but I can see the benefits.'" Crane said the merger…
  • Long-term water supply will ensure San Antonio’s economic future, EDF officials say

    James Aldridge
    30 Oct 2014 | 3:30 pm
    San Antonio Economic Development Foundation officials are applauding City Council's unanimous vote to support San Antonio Water System's Vista Ridge Pipeline plan. Chairman Steve Waters said in a statement that this agreement will help the city meet its demands for water today and in the future. The Economic Development Foundation, or EDF, has officially supported this proposal because members say that having a long-term alternative water supply to the Edwards Aquifer will only create a sustainable…
 
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    Green News - Green News Headlines | Bizjournals.com

  • Denton's fracking ban: Is it a reasonable prohibition or the taking of mineral rights?

    Nicholas Sakelaris
    30 Oct 2014 | 8:55 pm
    If Denton voters adopt the fracking ban on Nov. 4, should the city expect a stack of lawsuits on the steps of City Hall on Nov. 5? If you ask opponents of the ban, they promise years of costly court battles challenging the city's authority and asking for millions of dollars in compensation for unrecoverable minerals. This would be the first time a Texas city has voted to ban fracking, so other cities in Texas and around the country will be paying close attention. "There's some unique issues here…
  • New disposal well rules won't do enough to stop Azle earthquakes, state rep says

    Nicholas Sakelaris
    30 Oct 2014 | 1:28 pm
    State Rep. Lon Burnham, D-Fort Worth, criticized the Texas Railroad Commission's new rules on disposal wells, saying they will not prevent the rash of earthquakes that affected Azle, Springtown and Reno last year. The rules, approved unanimously by the three-member commission Monday, are subjective, especially considering regulators have "refused to recognize any causation link between seismic activities and disposal well operations," the outgoing state representative said. "It requires operators…
  • Duke Energy CEO: What I learned from Dan River, Progress merger

    Lauren K. Ohnesorge
    30 Oct 2014 | 1:19 pm
    About two years and three months after the Duke-Progress merger, Duke Energy CEO Lynn Good addressed a crowd of CEOs in Raleigh, talking candidly about life post-merger at the utility mammoth — and a February crisis that dominated headlines: The Dan River coal ash spill. Acknowledging "a little bit of chaos" that popped up at the beginning of the merger — notably the leadership shift when Progress CEO Bill Johnson was ousted from the leadership seat — she says teammates were able to get together…
  • Exclusive interview with Coliseum City's new front man: 5 hurdles for the $2B Oakland stadium project (Video)

    Ron Leuty
    30 Oct 2014 | 1:15 pm
    Floyd Kephart, the new point person for the team trying to assemble the Coliseum City project, outlined five potential problems for the $2 billion, 800-acre development. "Any one of those five kills this deal," Kephart said. "The Raiders don't kill this deal; the A's don't kill this deal." A disposition and development agreement The so-called DDA, which typically would take a year to create with the city and Alameda County's 120 acres, is critical. A DDA would require agreements with the Oakland…
  • Wells Fargo launches first-of-its-kind Innovation Incubator program

    Heather Draper
    30 Oct 2014 | 12:59 pm
    San Francisco-based Wells Fargo & Co. (NYSE: WFC) on Tuesday launched the Innovation Incubator (IN2) program, a $10 million environmental grant program for clean technology startups. The Innovation Incubator was announced at the NREL Industry Growth Forum in Denver and is the first of its kind in the banking industry, Wells Fargo said. The clean-tech startups will be identified and recommended by Wells Fargo's network of technical, financial and industry advisers at laboratories and research facilities…
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    Health Care News - Health Care News Headlines | Bizjournals.com

  • Kindred president to succeed Diaz as CEO next year

    Carolyn Tribble Greer
    30 Oct 2014 | 3:13 pm
    Kindred Healthcare Inc. has named its president and chief operating officer, Benjamin A. Breier, to succeed Paul J. Diaz as CEO of the company next year. Breier will become CEO on March 31, when Diaz will become executive vice chairman of Kindred's board of directors. Breier will remain president, and he will join the board. A search will be conducted for a new chief operating officer to succeed Breier in that role. Breier joined Kindred (NYSE: KND) in 2005 as president of the company's Rehabilitation…
  • Seattle Genetics reports $75.8M in third-quarter revenue, stock jumps 3 percent after hours

    Annie Zak
    30 Oct 2014 | 3:07 pm
    Seattle Genetics, a Bothell-based biotech company that focuses on developing cancer treatment drugs, announced encouraging third-quarter earnings today. The company announced $75.8 million in revenue, more than analysts' estimates of $66.9 million, and losses of $15.5 million. Seattle Genetics' losses are down and sales up since the last quarter. While its stock was down in normal trading for the day, it jumped more than 3 percent after hours to $36.44 per share. Seattle Genetics CEO Clay Siegall…
  • NCSU reserachers enhance communication between humans and dogs

    Dawn Wallace
    30 Oct 2014 | 2:57 pm
    N.C. State University researchers have developed devices that are meant to enhance communication between dogs and humans by monitoring the dog's vital signs and behaviors and transmitting data from a harness. The devices – used for pet dogs, service dogs or search-and-rescue dogs – fit on a harness the dog wears, and allows humans to receive data about the dogs. Therapy dogs are often trained not to show signs of stress, and being able to receive such data could help prolong the life of the…
  • Ebola response: National, Calif. nurses unions to strike for better training, protection

    Chris Rauber
    30 Oct 2014 | 2:39 pm
    National Nurses United and the California Nurses Association, which together represent 185,000 RNs nationwide, are planning a "national day of action" on Nov. 12 to protest how hospitals are preparing for Ebola cases. They insist the institutions have taken inadequate steps provide training and protective equipment for medical staff, including nurses. Actions are planned in 14 U.S. states and the District of Columbia, the affiliated nurses unions said Thursday, including a two-day strike at 66…
  • ​CalPERS prevails in judge's ruling on Stockton bankruptcy

    Allen Young
    30 Oct 2014 | 2:26 pm
    A bankruptcy judge approved a plan Thursday that will allow the city of Stockton to fully fund pension payments for public retirees while reducing payments to bond investors. The ruling by U.S. Bankruptcy Judge Christopher Klein arrives nearly a month after the same judge decided that Stockton could legally walk away from its pension obligations. City officials have maintained that cuts to pension payments will cause public employees to leave the city for areas that honor the benefits provided under…
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    Human Resources News - Human Resources News Headlines | Bizjournals.com

  • Denver doesn't make top 200 cities for female executives, study finds

    Heather Draper
    30 Oct 2014 | 4:20 pm
    It's still tough to be a female executive in metro Denver, according to a study released Thursday by Infogroup Targeting Solutions, a Nebraska-based business and consumer database firm. Denver ranks 224 out of 832 cities with at least 1,000 businesses meeting Infogroup's search criteria, and many of the 832 cities in the study are smaller than Denver. The research found that only 30.1 percent of companies in Denver have at least one woman in an executive position. That did, however, beat the national…
  • Landrum to retire from West Hawaii’s Kona-Kohala Chamber of Commerce

    Janis L. Magin
    30 Oct 2014 | 3:59 pm
    The Kona-Kohala Chamber of Commerce on the Big Island has launched a search for a new president and CEO to replace Vivian Landrum, who is retiring later this year after nine years with the West Hawaii chamber. The Kona-Kohala Chamber of Commerce is based in Kailua-Kona and is the fourth-largest chamber in Hawaii, representing more than 500 businesses on the Kona and Kohala coasts. The current chair of the organization is West Hawaii Today Publisher Tracey Fosso, who will be followed by Dale Suezaki…
  • GT Advanced, Thunderbird School of Global Management report combined 900 layoffs

    Mike Sunnucks
    30 Oct 2014 | 2:57 pm
    Bankrupt Apple supplier GT Advanced Technologies, the Thunderbird School of Global Management and Kmart have reported more than 1,000 layoffs of Arizona workers. The employers have officially submitted layoff notices to the state of Arizona under federal rules. GT, which is in Chapter 11 bankruptcy and is closing an Apple supply plant in the East Valley, had already reported 727 lost jobs to the city of Mesa. Many GT workers have already been cut by the company. Apple owns the factory building.…
  • 2015 inductees announced for Kentuckiana Business Hall of Fame

    Marty Finley
    30 Oct 2014 | 2:51 pm
    Three prominent business leaders in the Louisville area will be inducted into the Kentuckiana Business Hall of Fame next year. The late George N. King Sr., founder of Mr. Klean's Janitor and Maintenance Service Inc.; Steven E. Trager, chairman and CEO of Republic Bank & Trust Co.; and Cathy Zion, owner and publisher of Today's Woman, Today's Transitions and Today's Family Now magazines; will join the hall of fame on March 5, during a ceremony at the Kentucky International Convention Center in downtown…
  • Renovation Row sale: ProteinSimple building flips to American Realty for big markup

    Nathan Donato-Weinstein
    30 Oct 2014 | 2:49 pm
    Remember the wave of leases a few months ago along San Jose's Renovation Row? Those buildings have now started to trade. American Realty Capital — the firm which has lost a major chunk of it's value in recent days after announcing accounting irregularities— paid about $36 million, or about $368 per square foot, earlier this month for 3001 Orchard Parkway, according to public records. That's a nice premium over the $13.5 million, or $138 per square foot, that Ridge Capital Investors and Contrarian…
 
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    Insurance News - Insurance News Headlines | Bizjournals.com

  • ​CalPERS prevails in judge's ruling on Stockton bankruptcy

    Allen Young
    30 Oct 2014 | 2:26 pm
    A bankruptcy judge approved a plan Thursday that will allow the city of Stockton to fully fund pension payments for public retirees while reducing payments to bond investors. The ruling by U.S. Bankruptcy Judge Christopher Klein arrives nearly a month after the same judge decided that Stockton could legally walk away from its pension obligations. City officials have maintained that cuts to pension payments will cause public employees to leave the city for areas that honor the benefits provided under…
  • Blue Cross sends incorrect rate information to 42,000 customers

    Jason deBruyn
    30 Oct 2014 | 2:22 pm
    Some 42,000 Blue Cross and Blue Shield of North Carolina customers received a letter containing incorrect rate information, the insurer reported Thursday. The error affected only customers who are grandfathered and have a Blue Advantage health plan with a $15 co-pay for primary care office visits, according to BCBSNC, the state's largest health insurer. These are customers who buy on the individual market, meaning those who do not buy health insurance through an employer. "We're human and sometimes…
  • Medi-Cal application backlog is reduced, but challenges remain

    Kathy Robertson
    30 Oct 2014 | 2:21 pm
    The backlog of Medi-Cal applications — which hit 900,000 in May — is down to about 172,000, state Medi-Cal chief Toby Douglas told a state Senate health committee Thursday. More than 2.7 million people have enrolled in the government health care program for the poor since October 2013, Douglas said, "but our implementation has not been without problems." The applications are stalled for a variety of reasons, Douglas said at a hearing on issues related to education, outreach and enrollment for…
  • Great-West Financial rebrands retirement business after acquisitions

    Heather Draper
    30 Oct 2014 | 1:19 pm
    Greenwood Village-based Great-West Financial has rebranded its retirement business, officially naming it "Empower," after acquisitions that have made the company the second-largest retirement services provider in the nation, company officials said Thursday. "It is a rebranding, but it's part of a much bigger story out of Great-West Financial," said company spokesman Jon Goldstein. "We have new leadership and we've become a real powerhouse on the retirement front nationwide." Last month, Edmund…
  • Prime Therapeutics CEO Eric Elliott to step down

    Katharine Grayson
    30 Oct 2014 | 12:00 pm
    Eric Elliott will step down from his post as president and CEO of pharmacy-benefits manager Prime Therapeutics in April, the company said Thursday. Eagan-based Prime said Elliott, the company's top executive since 2010, decided not to renew his contract. The business will begin a search for his replacement soon. Elliott led Prime through a growth spurt that included doubling the company's workforce to roughly 3,200 employees. The company is jointly owned by several Blue Cross and Blue Shield plans…
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    Legal Services News - Legal Services News Headlines | Bizjournals.com

  • Here's why Apple supplier GT Advanced declared bankruptcy

    David Harris
    30 Oct 2014 | 8:02 pm
    Details have emerged this week about what actually led to the bankruptcy of New Hampshire-based GT Advanced Technologies, an Apple (Nasdaq: AAPL) supplier that has operations in Salem. Apple has wanted to keep the details of GT's relationship secret, but the documents shed light on a promising business deal between a potential supplier and a tech giant that went bad quickly. In the end GT says the deal ended up costing it $900 million in total. Earlier this month, the company said it would close…
  • The Truland millions: Lawyers probe what's fair game, off the table

    Daniel J. Sernovitz
    30 Oct 2014 | 2:00 pm
    Lawyers for Truland Group Inc. CEO Robert Truland have earmarked nearly $2 million to set aside for surety XL Specialty Insurance Co. to satisfy mounting claims since his Reston-based electrical contracting company abruptly shut down in July, but there is still a significant gap between that and the $11 million he and his wife are being sued for in federal court. Now comes the challenge of how to bridge the gap between what Robert and Mary Truland pledged in case his company was no longer able to…
  • Father and son businessmen plead guilty to felony tax charge

    Mike Sunnucks
    30 Oct 2014 | 2:00 pm
    Two East Valley businessmen — who are also father and son — have pleaded guilty to a felony federal tax offense after being charged with an evasion scheme. Danny Steve and his son Mikel T. Martinez of Gilbert entered guilty pleas on Oct. 27 for a tax conspiracy charge. They will be sentenced Jan. 12 in U.S District Court in Phoenix. Steve and Martinez owned an automobile business called West Fleet Services and a metal recycling business Arizona Metal Management, according to court documents. The…
  • Davis Wright Tremaine names new leader

    Rob Smith
    30 Oct 2014 | 1:48 pm
    A law firm with its largest office in Seattle will now be headed by an attorney in San Francisco. Jeff Gray is the new managing partner at Davis Wright Tremaine, which has 215 lawyers in offices in Seattle and Bellevue. Gray, who will take over Jan. 1, will continue to work out of the firm's San Francisco office. Gray replaces Dave Baca, who is based in Portland. Baca worked to diversify the firm during his eight-year tenure and led the creation of an innovation team to help identify ways to improve…
  • Breach of contract suit says Bissinger’s was sold ‘to salvage the company’

    Jacob Kirn
    30 Oct 2014 | 12:54 pm
    Bissinger's, the St. Louis-based chocolatier, announced in March 2013 that Tim Fogerty would replace longtime CEO Ken Kellerhals. Fogerty was chairman of Bissinger's and founded Gateway EDI, a health care transaction processing company and one of the largest private companies in the region. What Bissinger's did not say then, and what a lawsuit filed last month alleges, is that Kellerhals sold Bissinger's assets to a firm organized by Fogerty "in an effort to salvage the company." Smith and Summa…
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    Logistics & Transportation News - Logistics & Transportation News Headlines | Bizjournals.com

  • Execs: YRC in better position now 'than any other time in recent history'

    Austin Alonzo
    30 Oct 2014 | 4:02 pm
    YRC Worldwide Inc. executives were extremely optimistic about the company's performance in the third quarter of 2014 and what it means for the company's immediate future. "I believe that we are in a better place (now) than any other time in our recent history," CEO James Welch said during the company's quarterly conference call. The Overland Park-based less-than-truckload carrier (Nasdaq: YRCW) reported a net income of $1.2 million, the first net income its reported in the third quarter since 2012…
  • YRC reports second quarterly profit in two years

    Austin Alonzo
    30 Oct 2014 | 2:01 pm
    YRC Worldwide Inc. reported positive third-quarter net income for the first time in two years. On Thursday afternoon, the Overland Park-based less-than-truckload carrier (Nasdaq: YRCW) reported a quarterly net income of $1.2 million in the quarter that ended on Sept. 30. That's a substantial increase compared to the net loss of $44.4 million it reported for the same quarter in 2013. It last reported positive net income in the third quarter of 2012, when it reported $3 million in net income. For…
  • Lockheed Martin finishes building NASA Orion capsule for test flight

    Greg Avery
    30 Oct 2014 | 1:58 pm
    The first flight version of NASA's Orion space vehicle is fully assembled and will be moved to its launch pad in Florida in coming weeks for an unmanned test launch Dec. 4. The capsule, designed and built by Jefferson County-based Lockheed Martin Space Systems Co. (LMSS), is the first vehicle made to take astronauts to deep space destinations, such as the asteroids or Mars. LMSS, a division of defense and aerospace giant Lockheed Martin Corp. (NYSE: LMT), has been assembling the exploration test-flight…
  • Exclusive interview with Coliseum City's new front man: 5 hurdles for the $2B Oakland stadium project (Video)

    Ron Leuty
    30 Oct 2014 | 1:15 pm
    Floyd Kephart, the new point person for the team trying to assemble the Coliseum City project, outlined five potential problems for the $2 billion, 800-acre development. "Any one of those five kills this deal," Kephart said. "The Raiders don't kill this deal; the A's don't kill this deal." A disposition and development agreement The so-called DDA, which typically would take a year to create with the city and Alameda County's 120 acres, is critical. A DDA would require agreements with the Oakland…
  • Streetcar Authority sets hours, discusses Smart City integration

    Austin Alonzo
    30 Oct 2014 | 1:08 pm
    The Kansas City streetcar system will run as late as 2 a.m. on Friday and Saturday nights. On Thursday, the board of directors of the Kansas City Streetcar Authority Inc. voted unanimously to establish the hours of service of the under-construction 2.2-mile streetcar line that will run from the River Market to Union Station when it is complete in late 2015 or early 2016. During the peak hours of operation, 11 a.m. to 7 p.m. Monday through Friday, trains will arrive at station stops every 10 minutes.…
 
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    Manufacturing News - Manufacturing News Headlines | Bizjournals.com

  • Dell highlighting PC sales after years of downplaying

    Christopher Calnan
    30 Oct 2014 | 4:36 pm
    Dell Inc. is once again excited about computers. The tech giant is citing personal computer sales as a growth indicator one year after it went private ostensibly so it could downplay PC sales in favor of more profitable software and services. The company issued a news release Thursday citing a report by research firm IDC that Dell's U.S. shipments grew 19.7 percent during the third quarter compared with a 4.3 percent industry wide. Quarterly shipments resulted in a 3.1 percent gain in market share…
  • National Instruments more than doubles Q3 profits

    Christopher Calnan
    30 Oct 2014 | 4:09 pm
    National Instruments Corp. reported Thursday that it more than doubled third-quarter profits. The Austin-based company posted a quarterly profit of $39.7 million, or 31 cents per share, on revenue of $313.7 million, compared with a profit of $15.7 million, or 13 cents per share, on revenue of $289.1 million during the same quarter last year, according to a filing with the U.S. Securities and Exchange Commission. On a non-GAAP basis National Instruments generated earnings 37 cents per share versus…
  • Newmont Mining's Q3 profit falls 46%, but adjusted earnings up

    Mark Harden
    30 Oct 2014 | 3:49 pm
    Newmont Mining Corp. reported a sharp decline in profit for the third quarter from a year earlier as both prices and production fell, but the Greenwood Village-based gold miner posted higher adjusted earnings late Thursday. For the quarter that ended Sept. 30, net income attributable to shareholders was $213 million, down 46 percent from the Q3 2013 figure of $398 million. Diluted per-share earnings came in at 43 cents, down from the year-ago 80 cents. But absent one-time items, including restructuring…
  • 11Wells to open a 'Travail-style' craft cocktail bar

    Clare Kennedy
    30 Oct 2014 | 2:54 pm
    11Wells Spirits will soon begin work on a new cocktail lounge. The St. Paul distillery's plans go far beyond a standard tasting room. The new space will be a full-fledged craft cocktail bar. Founder Lee Egbert said the company hopes to do with spirits what Travail Kitchen and Amusements does with food, with experienced bartenders guiding drinkers through a carefully curated cocktail flight. RELATED: Face Time: Mike Brown, Bob Gerken and James Winberg of Travail Kitchen and Amusements The cocktail…
  • Scenes from the PBJ's 2014 Oregon Manufacturing Awards (Photos)

    Andy Giegerich
    30 Oct 2014 | 2:44 pm
    Thursday's Oregon Manufacturing Awards, a Portland Business Journal event that drew 300 business leaders to downtown Portland's Sentinel Hotel, featured appearances from some of the smartest and most innovative companies in Oregon. The emphasis in the preceding sentence, of course, is on the word innovative. This year, we expanded our product innovation awards to include more winners and finalists than ever before. Doing so allowed us to shine a brighter spotlight on such companies as Miles Fiberglass,…
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    Media & Marketing News - Media & Marketing News Headlines | Bizjournals.com

  • Why should big businesses advertise on podcasts? A comedian tells us so

    Erik Siemers
    30 Oct 2014 | 5:48 pm
    Each week, Graham Elwood and Chris Mancini record themselves reviewing movies. They're comedians, so it's entertaining. And they frequently invite other comedians as guests, making it funnier yet. Even better, the show — "Comedy Film Nerds"— is free, downloadable and you can listen to it whenever it suits you. If this concept is foreign to you, then let me introduce you to the podcast, a broadcasting evolution enabled by the advent of the iPod and the digital music revolution. If you, like…
  • Dell highlighting PC sales after years of downplaying

    Christopher Calnan
    30 Oct 2014 | 4:36 pm
    Dell Inc. is once again excited about computers. The tech giant is citing personal computer sales as a growth indicator one year after it went private ostensibly so it could downplay PC sales in favor of more profitable software and services. The company issued a news release Thursday citing a report by research firm IDC that Dell's U.S. shipments grew 19.7 percent during the third quarter compared with a 4.3 percent industry wide. Quarterly shipments resulted in a 3.1 percent gain in market share…
  • 2015 inductees announced for Kentuckiana Business Hall of Fame

    Marty Finley
    30 Oct 2014 | 2:51 pm
    Three prominent business leaders in the Louisville area will be inducted into the Kentuckiana Business Hall of Fame next year. The late George N. King Sr., founder of Mr. Klean's Janitor and Maintenance Service Inc.; Steven E. Trager, chairman and CEO of Republic Bank & Trust Co.; and Cathy Zion, owner and publisher of Today's Woman, Today's Transitions and Today's Family Now magazines; will join the hall of fame on March 5, during a ceremony at the Kentucky International Convention Center in downtown…
  • Going cuckoo for Portland: Tourism group clocks in with a cool (and timely) promotion (Photos)

    Cathy Cheney
    30 Oct 2014 | 2:47 pm
    Travel Portland has a promotional idea that's, well, a little bit cuckoo. The group enlisted artist Nicolas Gros to build a huge — 24 feet tall, nine-and-a-half feet wide — handcrafted cuckoo clock that aims to promote the city's charms. The project is part of Travel Portland's "Portland is Happening Now" winter promotional campaign. Contained within the clock's artistic touches are Portland cityscape sights and touches such as the Portlandia statue, a bike-riding native and a nod to beer. The…
  • Color this special: Macy's to unveil its Great Tree next week

    Lewis Lazare
    30 Oct 2014 | 2:01 pm
    You could say department store behemoth Macy's (and its Chicago predecessor Marshall Field's) is an old hand at Christmas tree lightings. The retailer's flagship Chicago outpost on State Street has been lighting up its towering Christmas tree every year for no fewer than106 holiday seasons. That's right. The seasonal rite, which will take place on Nov. 8 at noon in Macy's iconic Walnut Room, is happening for the 107th time. And just as sure as there is a Santa Claus, this won't be the last time…
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    Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com

  • SFJazz raises $3 million, meets $64 million campaign goal to fund Hayes Valley center

    Chris Rauber
    30 Oct 2014 | 1:29 pm
    Here's something that hit the right note for a cool cause. SFJazz, which last year opened its new SFJazz Center in Hayes Valley, says it's nabbed a $3 million challenge gift that helped it reach a $64 million capital goal to fund the new complex. The center opened on Martin Luther King Day in January 2013. The complex includes an auditorium that can adjust to accommodate from 350 to 700 seats, a retail shop, box office, music lab, administrative offices and a cafe. It was designed by architect…
  • Ballard a savory spot for developer's next condo project called Salt

    Marc Stiles
    30 Oct 2014 | 1:21 pm
    Most of the condos in one developer's new Ballard building have been sold, so he's starting in on a larger one just around the corner. InHaus Development's latest project is called Salt Ballard Condos. It's a 38-unit project at 5601 20th Ave. N.W. That's about a block north of Swedish Medical Center in the commercial core of the neighborhood. Construction is scheduled to begin early next year, and the project is expected to open in summer 2016. The curious name of the project refers to hard-working,…
  • Friendship Village of Dublin mulling $40M-$60M expansion as it completes 20-house ‘villa’ project

    Carrie Ghose
    30 Oct 2014 | 1:03 pm
    Friendship Village of Dublin's board is evaluating projects to include in a $40 million to $60 million master plan for renovating and expanding. The retirement community expects to wrap up its latest expansion next year, said Jerry Kuyoth, executive director. Columbus-based Ruscilli Construction Company Inc. is building the last four standalone homes called villas along Riverside Drive in far northwest Columbus. The first 16 were built in 2012 through 2013; all were designed by Columbus-based JMM…
  • RECA and ABOR: Who are Austin real estate professionals supporting in the Nov. 4 election?

    Jan Buchholz
    30 Oct 2014 | 12:55 pm
    Just because an Austin City Council candidate is a Realtor doesn't mean that the powerful Austin Board of Realtors will endorse you. Several local Realtors discovered that recently when the Austin Board of Realtors announced its picks for Council. "A candidate's Realtor status is not the primary determining factor when ABOR decides whether to issue an endorsement," said Emily Chenevert, ABOR's director of public affairs. "When conducting interviews with each district candidate, ABOR looks for candidates…
  • Trammell Crow industrial park at Asarco site will add 1M square feet in tight market

    Molly Armbrister
    30 Oct 2014 | 12:06 pm
    Trammell Crow Co. will add nearly 1 million square feet of industrial space to the market when its Crossroads Commerce Park in Denver's Globeville neighborhood is complete. Dallas-based Trammell Crow signed on to develop the 77-acre parcel into high-quality industrial buildings of various sizes, said Ann Sperling, senior director at Trammell Crow. The industrial park will provide much-needed space in Denver's industrial market, where vacancy rates have hit record lows. The project will be built…
 
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    Retailing & Restaurants News - Retailing & Restaurants News Headlines | Bizjournals.com

  • Which restaurant will be the Foodie Favorites Showdown: Fine Dining winner?

    Rachel Aretakis
    30 Oct 2014 | 9:02 pm
    The results are in, and we now have the final two restaurants in Foodie Favorites Showdown: Fine Dining. Village Anchor has won over Porcini in the Final Four of our upscale restaurant challenge. The restaurant moves on to the championship round to compete against English Grill. Vote now for the restaurant that you prefer in the survey below. Voting closes at 11:59 p.m. on Tuesday, Nov. 4, and the winner will be announced on Nov. 5. Remember to share the news on Twitter using the hashtag #LBFfoodiefaves.
  • L&L Hawaiian Barbecue's Eddie Flores gives tips on how to sell to the China market

    Bill Cresenzo
    30 Oct 2014 | 7:49 pm
    In order to serve Chinese customers, businesses must be aware of the nuances and customs of the Chinese culture, said Hawaii entrepreneur Eddie Flores, who spent his youth in Hong Kong before moving the United States to build a restaurant empire. Flores, who now has 200 L&L Hawaiian Barbeque franchises, made the comments and others about selling to the Chinese market during a presentation and a lunch Thursday sponsored by the Chinese Chamber of Commerce of Hawaii at the Empress Seafood Restaurant…
  • Celebrated Canlis chef Jason Franey lands at Monterey's 1833

    Glenn Drosendahl
    30 Oct 2014 | 6:06 pm
    Jason Franey, celebrated as one of the Northwest's best chefs while at Canlis in Seattle, is moving south. He has been named executive chef at Restaurant 1833 in Monterey, Calif. Brothers Mark and Brian Canlis, owners of Seattle's most decorated restaurant, have announced a nationwide search to find Franey's successor. Franey joined Canlis in 2009 after cooking under chef Daniel Humm at Eleven Madison Park, a Michelin three-star restaurant in New York City, and in 2011 was named one of Food & Wine…
  • Art Cafe Nostalgia in Pacific Guardian Center closing

    Bill Cresenzo
    30 Oct 2014 | 5:06 pm
    Owner Gina Son is closing Art Cafe Nostalgia in the Pacific Guardian Center in Downtown Honolulu within the next two weeks. She told PBN that at 600 square feet, the space for the cafe and art gallery is too small to keep up with demand. "We had a lot of traction, but profitability is something else," she said. Son opened the cafe, which serves coffee, pastries and entrees, in September 2013 after a career in finance with the Bank of Hawaii and Morgan Stanley. She said she plans to "regroup"…
  • Longs Drugs' first Waikiki store opening fall 2015, hiring 75 workers

    Duane Shimogawa
    30 Oct 2014 | 4:58 pm
    Longs Drugs' first retail store in Waikiki is scheduled to open in the fall of 2015 and will employ about 75 people, a company spokesman told PBN on Thursday. This week, PBN reported that the Rhode Island-based CVS Health-owned chain officially signed a long-term lease for the two-story, 20,438-square-foot former Teddy Bear World and Planet Hollywood restaurant space at the Bank of Hawaii Waikiki Center. Jim Cochran, a real estate advisor for Honolulu-based NAI ChaneyBrooks, which does the leasing…
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    Sports Business News - Sports Business News Headlines | Bizjournals.com

  • Wireless carriers brace for data deluge at Giants' World Series victory parade

    Patrick Hoge
    30 Oct 2014 | 3:00 pm
    Wireless carriers were bracing for a massive onslaught of selfies, Tweets, videos and status updates from up to a million people expected to line the two-mile parade route Friday as San Francisco celebrates the Giants' World Series victory over the Kansas City Royals. Verizon, for one, was rolling in two COWS, or cells on wheels. The very expensive machines are designed to provide extra capacity during times of extraordinary demand, said company spokesman Ken Muche. Photos and video: Celebrations,…
  • Columbia Sportswear reports record $675 million in quarterly sales, raises outlook

    Matthew Kish
    30 Oct 2014 | 2:32 pm
    Columbia Sportswear on Thursday reported a record $675 million in third-quarter sales, a 29 percent increase from the same quarter last year and a continuation of the company's recent hot streak. The Portland-based company reported earnings of $65.6 million, or $0.93 per share, ahead of Wall Street expectations. Analysts polled by Thomson Financial expected earnings of $0.87 per share and $632 million in sales. "I'm thrilled to announce these outstanding third-quarter results which reflect strong…
  • Grand Bohemian Orlando to host visiting MLS teams

    Megan Ribbens
    30 Oct 2014 | 2:15 pm
    Downtown Orlando's Grand Bohemian hotel will soon see more fans flocking to see famous athletes. Orlando City Soccer Club announced Oct. 30 it has signed a multi-year partnership with The Kessler Collection's Grand Bohemian Hotel Orlando to serve as the official hotel for visiting teams during the soccer team's first MLS season in 2015. Financial terms of the deal were not disclosed. Under the terms of the agreement, the Grand Bohemian will provide the visiting teams with amenities such as meeting…
  • NHL exec on All-Star Game prep, Winter Classic at Ohio Stadium

    Evan Weese
    30 Oct 2014 | 2:13 pm
    National Hockey League executives were in Columbus Thursday to iron out details of the 2015 NHL All-Star Game less than 90 days ahead of festivities at Nationwide Arena. Don Renzulli, the league's executive vice president of events, said the groundwork included an arena walk-through for Canadian broadcasters to show how cameras can be set up (Canada's Rogers Communications Inc. took over broadcast rights from CBC this year). There's plenty of intricate planning that goes into the entire All-Star…
  • San Antonio leaders expected to meet with Raiders officials in Oakland

    W. Scott Bailey
    30 Oct 2014 | 1:54 pm
    Oakland Raiders fans may be losing interest in the team after its 0-7 start. However, San Antonio leaders have not cooled to the franchise, which is clearly struggling on the field and at the box office. A group of San Antonio officials are expected to visit with Raiders executives in the Bay Area next week. The contingency will include former San Antonio Mayor Henry Cisneros, who helped convince Raiders owner Mark Davis to meet with local leaders in the Alamo City in July about potential relocation…
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    Technology News - Technology News Headlines | Bizjournals.com

  • Gunman reported at Boeing Everett plant, employees escorted out

    Rachel Lerman
    30 Oct 2014 | 8:41 pm
    Boeing's Everett plant is being evacuated after police received unsubstantiated reports of a man with a gun on the premises. Boeing tweeted from its official Twitter handle that the company's security and police are investigating the potential threat. "All precautions being taken until we know more," Boeing said in the tweet. Everett Police spokesman Aaron Snell told KOMO several people reported seeing a man walking with a rifle. Police said they are searching the buildings but have not seen anyone…
  • Kauai Government Employees Federal Credit Union offers high CD rates

    Jason Ubay
    30 Oct 2014 | 5:56 pm
    With an annual percentage yield of 1.76 percent, Kauai Government Employees Federal Credit Union had the highest rate for its two-year certificate of deposits among all U.S. states, according to a report from GoBankingRates.com. GoBankingRates found the highest rates in each state for CDs with six-month, one-year, two-year and five-year terms. It compiled information from its database and Informa Research Services for the study, and all rates are accurate as of Oct. 10, it said. Kauai Government…
  • Why should big businesses advertise on podcasts? A comedian tells us so

    Erik Siemers
    30 Oct 2014 | 5:48 pm
    Each week, Graham Elwood and Chris Mancini record themselves reviewing movies. They're comedians, so it's entertaining. And they frequently invite other comedians as guests, making it funnier yet. Even better, the show — "Comedy Film Nerds"— is free, downloadable and you can listen to it whenever it suits you. If this concept is foreign to you, then let me introduce you to the podcast, a broadcasting evolution enabled by the advent of the iPod and the digital music revolution. If you, like…
  • Microsoft moves swiftly to launch Band wearable, jumps ahead of the Apple Watch

    30 Oct 2014 | 5:28 pm
    Microsoft leapfrogged the Apple Watch to market Thursday by launching the Microsoft Band wearable device, which tracks activity and sleep patterns and provides alerts from smartphones. The Redmond, Washington company set the Microsoft Band's price at $200, which is $150 below that of the least expensive Apple Watch. The Apple Watch won't hit stores until spring. The Band is also $50 less than the Fitbit Surge, which offers similar features such as heart-rate tracking. The Microsoft Band will pair…
  • Dell highlighting PC sales after years of downplaying

    Christopher Calnan
    30 Oct 2014 | 4:36 pm
    Dell Inc. is once again excited about computers. The tech giant is citing personal computer sales as a growth indicator one year after it went private ostensibly so it could downplay PC sales in favor of more profitable software and services. The company issued a news release Thursday citing a report by research firm IDC that Dell's U.S. shipments grew 19.7 percent during the third quarter compared with a 4.3 percent industry wide. Quarterly shipments resulted in a 3.1 percent gain in market share…
 
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    Travel Business News - Travel Business News Headlines | Bizjournals.com

  • Hawaiian Airlines to showcase past, present flight attendant uniforms for Hawaii Fashion Month

    Jason Ubay
    30 Oct 2014 | 5:18 pm
    Hawaiian Airlines will give a special presentation of its past and current flight attendants' uniforms at the MAMo Wearable Arts show next weekend at the Hawaii Convention Center. Hawaiian Airlines is the presenting sponsor for Hawaii Fashion Month, and is collaborating with MAMo, or Maoli Arts Month, and PAI Foundation on the Nov. 8 fashion show, which starts at 7:30 p.m., and is free and open to the public. It is the first time Hawaiian Airlines has sponsored a fashion show of this kind. "Hawaiian…
  • General aviation deliveries rise in Q3

    Daniel McCoy
    30 Oct 2014 | 3:30 pm
    Total worldwide deliveries of general aviation aircraft increased in the third quarter to 1,678, up 5.7 percent year over year. Total billings for those deliveries also increased, up 4 percent to $16 billion. According to a new report from the General Aviation Manufacturers Association, deliveries of piston aircraft and business jets increased 9.2 percent and 9.3 percent respectively year over year. Turboprop aircraft, meanwhile, declined 3.7 percent. GAMA's records show that the Wichita-based…
  • Going cuckoo for Portland: Tourism group clocks in with a cool (and timely) promotion (Photos)

    Cathy Cheney
    30 Oct 2014 | 2:47 pm
    Travel Portland has a promotional idea that's, well, a little bit cuckoo. The group enlisted artist Nicolas Gros to build a huge — 24 feet tall, nine-and-a-half feet wide — handcrafted cuckoo clock that aims to promote the city's charms. The project is part of Travel Portland's "Portland is Happening Now" winter promotional campaign. Contained within the clock's artistic touches are Portland cityscape sights and touches such as the Portlandia statue, a bike-riding native and a nod to beer. The…
  • Cary's LORD Corp. helps Sikorsky make Army's Kiowa Warrior chopper replacement

    Dawn Wallace
    30 Oct 2014 | 1:59 pm
    Thanks to Cary's adhesive and vibration management company, LORD Corp., the U.S. Army could get a more efficient helicopter to replace the Kiowa Warrior helicopter fleet. Aircraft manufacturer Sikorsky, a subsidiary of United Technologies Corp. (NYSE: UTX), launched a program four years ago to develop a helicopter with improved performance, and LORD partnered with 53 other companies on the project. The outcome is the S-97 Raider, a helicopter with improved maneuverability, hover efficiency, hot…
  • Streetcar Authority sets hours, discusses Smart City integration

    Austin Alonzo
    30 Oct 2014 | 1:08 pm
    The Kansas City streetcar system will run as late as 2 a.m. on Friday and Saturday nights. On Thursday, the board of directors of the Kansas City Streetcar Authority Inc. voted unanimously to establish the hours of service of the under-construction 2.2-mile streetcar line that will run from the River Market to Union Station when it is complete in late 2015 or early 2016. During the peak hours of operation, 11 a.m. to 7 p.m. Monday through Friday, trains will arrive at station stops every 10 minutes.…
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  • Denver doesn't make top 200 cities for female executives, study finds

    Heather Draper
    30 Oct 2014 | 4:20 pm
    It's still tough to be a female executive in metro Denver, according to a study released Thursday by Infogroup Targeting Solutions, a Nebraska-based business and consumer database firm. Denver ranks 224 out of 832 cities with at least 1,000 businesses meeting Infogroup's search criteria, and many of the 832 cities in the study are smaller than Denver. The research found that only 30.1 percent of companies in Denver have at least one woman in an executive position. That did, however, beat the national…
  • Landrum to retire from West Hawaii’s Kona-Kohala Chamber of Commerce

    Janis L. Magin
    30 Oct 2014 | 3:59 pm
    The Kona-Kohala Chamber of Commerce on the Big Island has launched a search for a new president and CEO to replace Vivian Landrum, who is retiring later this year after nine years with the West Hawaii chamber. The Kona-Kohala Chamber of Commerce is based in Kailua-Kona and is the fourth-largest chamber in Hawaii, representing more than 500 businesses on the Kona and Kohala coasts. The current chair of the organization is West Hawaii Today Publisher Tracey Fosso, who will be followed by Dale Suezaki…
  • Accion Texas planning name change early next year

    Mike W. Thomas
    30 Oct 2014 | 2:36 pm
    Accion Texas Inc. has decided to end its affiliation with the national network that gave the organization its name back in 1994. This move will necessitate a name change for the San Antonio-based microlender, but that new name has not been decided just yet. "We are looking for a name that will better represent us in other markets that are not as Hispanic-driven and will enable us to grow," said Michael Leos, a spokesman for Accion. The nonprofit organization is working with the Atkins Group, a…
  • Meet the 40 Under 40 who went from being a doctor to a luxury homebuilder

    Nora Olabi
    30 Oct 2014 | 11:56 am
    After a decade in the medical profession, Arpan Gupta thought his dreams of being a home developer were shot. But in 2009, amid the real estate crash, Gupta made his dreams a reality when he left his resident internal medicine position at the Baylor College of Medicine and founded Carnegie Homes & Construction. "I figured, worse comes to worse, I would return to practicing medicine should my calculated risk backfire. I am happy that I can safely say I will never practice medicine again," Gupta…
  • Does political spending give large corporations more clout than small biz?

    Kent Hoover
    30 Oct 2014 | 11:39 am
    A new poll found that 77 percent of small business owners think big businesses have a significant impact on government decisions and the political process. Only 24 percent this small businesses have the same influence, according to the poll, which was conducted for Small Business Majority, a Democratic-leaning advocacy organization, by Greenberg Quinlan Rosner Research, a Democratic polling firm. The poll found that 85 percent think political campaigns should be financed only by small contributions…
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    Albany Business News - Local Albany News | Business Review of Albany

  • Microsoft moves swiftly to launch Band wearable, jumps ahead of the Apple Watch

    30 Oct 2014 | 5:28 pm
    Microsoft leapfrogged the Apple Watch to market Thursday by launching the Microsoft Band wearable device, which tracks activity and sleep patterns and provides alerts from smartphones. The Redmond, Washington company set the Microsoft Band's price at $200, which is $150 below that of the least expensive Apple Watch. The Apple Watch won't hit stores until spring. The Band is also $50 less than the Fitbit Surge, which offers similar features such as heart-rate tracking. The Microsoft Band will pair…
  • Dell highlighting PC sales after years of downplaying

    Christopher Calnan
    30 Oct 2014 | 4:36 pm
    Dell Inc. is once again excited about computers. The tech giant is citing personal computer sales as a growth indicator one year after it went private ostensibly so it could downplay PC sales in favor of more profitable software and services. The company issued a news release Thursday citing a report by research firm IDC that Dell's U.S. shipments grew 19.7 percent during the third quarter compared with a 4.3 percent industry wide. Quarterly shipments resulted in a 3.1 percent gain in market share…
  • Dallas restaurant chain plans expansion into upstate New York

    Megan Rogers
    30 Oct 2014 | 4:17 pm
    Boston's Restaurant and Sports Bar, a casual dining chain based in Dallas, plans to open multiple locations of its sister brand Boston Pizza in the Albany, New York area over the next five years. The chain has more than 375 restaurants in Canada, 30 locations in the U.S. and seven in Mexico. The company is currently talking with perspective franchisees in upstate New York, and plans to open 33 locations in the U.S. by 2018. The company said its brand is well known in Canada and it picked Albany…
  • Home of the Day: Make Luxury a Habit!

    Miranda Real Estate Group, Inc.
    30 Oct 2014 | 12:41 pm
    By Willie Miranda, Broker/Owner Home of the Day is a new feature presented by the Albany Business Review. This is your invitation to view some of Albany's most-luxurious properties for sale. Come inside and take a look around. Click on the gallery image to view today's featured property. 40 Hills Road, Loudonville, NY 12211 | $1,450,000 Only once in a lifetime a home this captivating comes along! As you pull into the tree lined driveway your greeted by this beautiful Colonial situated on 5.35…
  • Home of the Day: Essence of Elegance

    Coldwell Banker Prime Properties
    30 Oct 2014 | 12:30 pm
    By Jeanne Fitzgerald, Real Estate Sales Person Home of the Day is a new feature presented by the Albany Business Review. This is your invitation to view some of Albany's most-luxurious properties for sale. Come inside and take a look around. Click on the gallery image to view today's featured property. 16 Shaker Bay Road, Colonie, NY 12110 | $1,595,000 This magnificent custom home displays superior craftsmanship and unique floor plan, with elevator that services the 3 floors. This home features:…
 
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    Albuquerque Business News - Local Albuquerque News | Albuquerque Business First

  • For a few NM Gas Co. employees, TECO's search for synergies means pink slips

    Dan Mayfield
    30 Oct 2014 | 1:49 pm
    TECO Energy completed its $950 million purchase of New Mexico Gas Co. early last month, and that means some people won't be sticking around now that the company is focusing on "integration activities" in New Mexico. TECO has laid off three employees in the last few weeks, said Teala Kail, the company spokesperson. TECO Energy President and CEO John Ramil told Business First on Thursday that the company is committed to maintaining its workforce here and that it has targeted no more than 99 jobs for…
  • Neale on new UNM sports/entertainment hub: ‘We want something you can’t find on any other corner’

    Damon Scott
    30 Oct 2014 | 1:18 pm
    The University of New Mexico's south campus has at least 45 developable acres, but two have the school's main focus right now. UNM released a request for proposals Thursday to find a developer that will enter into a public-private partnership for what it calls a "south campus sports and entertainment district" adjacent to The Pit, Isotopes Park and University Stadium. "We want something that you cannot find at any other corner in the city or throughout the region or country — something unique…
  • Competition spawns student-run marketing agency at UNM's Anderson School

    Andy Beale
    30 Oct 2014 | 12:33 pm
    A new competition at UNM is giving business students $1,500 to start their own marketing agency. San Francisco-based consumer finance and technology company Credit Karma said in a news release that 20 campuses nationwide are participating in the Credit Karma Campus Challenge. The competition "challenges students to create an integrated marketing campaign aimed at educating the target market on the value of understanding and managing credit through Credit Karma and its resources, and driving the…
  • Outgoing NM Gas Co. president plans her next chapter

    Dan Mayfield
    30 Oct 2014 | 11:42 am
    When Continental Energy Systems bought New Mexico Gas Co. from PNM in 2009 for over $600 million, the company intended to hold on to the utility. But Annette Gardiner, the president of NMGC, said market conditions changed and a good suitor made a bid for the state's largest gas utility, which serves 513,000 customers. "To be honest, the market for gas utilities was very good. I don't think [Continental] went into it with the intent for [ownership] to be only five years," Gardiner told Business…
  • See who won Beer Madness round three

    Andy Beale
    30 Oct 2014 | 11:22 am
    The votes are in and today we're announcing the winners of Beer Madness round three. Voting closed at midnight last night, leaving four brews standing. The Marble IPA, the Santa Fe Pale Ale, the Canteen Brewhouse Panama Joe Coffee Stout and the Nexus Scottish Ale were knocked out in this round. Of the four beers left in Beer Madness, three are made by La Cumbre: the La Cumbre Elevated IPA, the La Cumbre Malpais Stout and the La Cumbre A Slice of Hefen. The only non-Cumbre beer still in the running…
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    Atlanta Business News - Local Atlanta News | Atlanta Business Chronicle

  • Superfast Internet a great step for Atlanta

    Mark Elliot
    30 Oct 2014 | 5:58 pm
    We were selected. This selection may not have the same immediate impact of announcing the Olympics were coming to Atlanta. But, it will bring our region infrastructure — and longer-lasting benefits. What were we selected for? Earlier this month, AT&T announced it will provide high-speed gigabit Internet service to Atlanta, Sandy Springs, Decatur and Newnan. It should roughly be 50 to 100 times faster than the average, fixed high-speed connection. It offers the region many advantages. The…
  • Parkway Properties pays $157M for One Buckhead Plaza

    30 Oct 2014 | 1:19 pm
    Parkway Properties Inc. will buy One Buckhead Plaza, a 20-story office building at the intersection of Peachtree Road and West Paces Ferry Road in Buckhead, for $157 million. Orlando, Fla.-based Parkway expects to close on the 462,000-square-foot class A office building in early 2015. One Buckhead Plaza includes 36,000 square feet of ground floor retail that features restaurants Chops and King + Duke. The property is currently 88.6 percent occupied and is expected to generate an initial full-year…
  • Atlanta mortgage giant Ocwen sets aside $120M for legal issues

    David Allison
    30 Oct 2014 | 12:05 pm
    Atlanta-based Ocwen Financial Corp., one of the largest mortgage companies in the United States, said Thursday that it's set aside $120 million for various regulatory and legal matters, including a $100 million for a potential settlement with the New York Department of Financial Services. The move comes days after the New York State Department of Financial Services alleged that Ocwen (NYSE: OCN) had backdated potentially hundreds of thousands of letters to borrowers, "likely causing them significant…
  • State incentive program to boost electric vehicle charging infrastructure

    Urvaksh Karkaria
    30 Oct 2014 | 11:48 am
    More public electric vehicle chargers are headed to Georgia — which leads the nation in EV adoption. Forty-four electric vehicle charging stations will be installed across Georgia thanks to funding from Charge Georgia, a state incentive program designed to boost public EV charging stations at universities; state agencies; and cities and counties Cities including Sandy Springs, Suwanee, City of Peachtree Corners, and Roswell will receive funding for EV chargers as part of the program; as will…
  • Hate waiting at the store? New 'high-velocity' checkout line could speed up shopping

    David Allison
    30 Oct 2014 | 11:35 am
    If you sometimes feel like you spend more time at the store waiting in the checkout line than actually shopping, NCR Corp. may have figured out how to speed you on your way. The Atlanta-based retail technology giant (NYSE: NCR) says it's developed a high-velocity checkout line that allows the scanning of purchased items, payment and bagging at higher speeds. NCR has filed for a U.S. patent on a check-out scanner which can identify items by appearance instead of using an optical code. The scanner…
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    Austin Business News - Local Austin News | Austin Business Journal

  • National Instruments more than doubles Q3 profits

    Christopher Calnan
    30 Oct 2014 | 4:09 pm
    National Instruments Corp. reported Thursday that it more than doubled third-quarter profits. The Austin-based company posted a quarterly profit of $39.7 million, or 31 cents per share, on revenue of $313.7 million, compared with a profit of $15.7 million, or 13 cents per share, on revenue of $289.1 million during the same quarter last year, according to a filing with the U.S. Securities and Exchange Commission. On a non-GAAP basis National Instruments generated earnings 37 cents per share versus…
  • Dell highlighting PC sales after years of downplaying

    Christopher Calnan
    30 Oct 2014 | 12:56 pm
    Dell Inc. is once again excited about computers. The tech giant is citing personal computer sales as a growth indicator one year after it went private ostensibly so it could downplay PC sales in favor of more profitable software and services. The Round Rock-based company issued a news release Thursday citing a report by research firm IDC that Dell's U.S. shipments grew 19.7 percent during the third quarter compared with a 4.3 percent industry wide. Quarterly shipments resulted in a 3.1 percent gain…
  • RECA and ABOR: Who are Austin real estate professionals supporting in the Nov. 4 election?

    Jan Buchholz
    30 Oct 2014 | 12:55 pm
    Just because an Austin City Council candidate is a Realtor doesn't mean that the powerful Austin Board of Realtors will endorse you. Several local Realtors discovered that recently when the Austin Board of Realtors announced its picks for Council. "A candidate's Realtor status is not the primary determining factor when ABOR decides whether to issue an endorsement," said Emily Chenevert, ABOR's director of public affairs. "When conducting interviews with each district candidate, ABOR looks for candidates…
  • Dell owed $1.1M by insolvent Formula 1 racing partner

    Chad Swiatecki
    30 Oct 2014 | 12:50 pm
    Dell Inc.'s once highly touted relationship as the technical computing muscle behind the U.K.'s Caterham Formula 1 racing team has been scrapped following the team's recent financial hardships. The Round Rock-based computing company is owed more than $1.1 million dollars, according to British media reports. All content related to the Dell/Caterham partnership has been scrubbed from Dell's website, though there are still videos and other content describing it on the website for California computer…
  • Austin mayor's race: Here's the candidates' views on real estate, transportation issues

    Jan Buchholz
    30 Oct 2014 | 10:51 am
    One of Austin's most pivotal municipal elections in its history — the city's founding dates back to 1839 — is set for Nov. 4 and as promised, Austin Business Journal is providing the full context of the mayoral candidates' responses to our ABJ Q&As. Early voting has already started but if you have yet to vote, here are some candidate perspectives on real estate and transportation issues. Also included are candidates Todd Phelps and Randall Stephens, both of whom have participated along with…
 
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    Baltimore Business News - Local Baltimore News | Baltimore Business Journal

  • Exelon CEO Christopher Crane touts Pepco Holdings merger

    Mark Holan
    30 Oct 2014 | 3:32 pm
    Exelon Corp. CEO Christopher Crane on Thursday gave his side of how the Chicago-based energy provider began courting Pepco Holdings Inc. earlier this year. His story meshes with the account Pepco CEO Joe Rigby told in April during a conference call announcing the $6.8 billion deal. "I called Joe because I prefer to do the negotiations myself," Crane told The Economic Club of Washington, D.C. during a luncheon. "Joe said, 'We don't need to do this, but I can see the benefits.'" Crane said the merger…
  • Ritz Cabaret's promise of $50 bar credit for supporters fails to win liquor license expansion

    Sarah Meehan
    30 Oct 2014 | 3:21 pm
    Baltimore's liquor board on Thursday denied a Fells Point strip club's attempt to expand its liquor license to make room for a steak house next door. The Baltimore Board of Liquor License Commissioners unanimously rejected the Ritz Cabaret's request to expand its liquor license to cover the property next door at 500 S. Broadway, where the owners had planned a steak house. The owners hoped to expand their Class BD-7 license — a tavern license that does not require food sales — from 502-504 S.…
  • Pat Turner accuses Ballard Spahr of conflict of interest in Westport bankruptcy case

    Kevin Litten
    30 Oct 2014 | 12:03 pm
    Developer Patrick Turner is accusing law firm Ballard Spahr LLP of a conflict of interest in representing the entity that wants to take control of his 42-acre Westport parcel, according to documents filed this week in U.S. Bankruptcy Court. Turner is arguing that a Ballard Spahr attorney, Joseph A. Fanone, who Turner said advised him until 2009 on the $162 million tax-increment finance plan passed by the City Council, got involved in a Westport bankruptcy case filed by Turner in 2013. Ballard Spahr…
  • Here's how Accenture rebuilt HealthCare.gov in time for open enrollment

    Jill R. Aitoro
    30 Oct 2014 | 11:59 am
    It just might instill fear in the masses: Nov. 15, year two of open enrollment for HealthCare.gov kicks off. But if you ask executives from Accenture Federal Services, which took over the program after the debacle a year ago, they expect ultimate success — perhaps with some bumps along the way. Of course, when they first got the call from the Centers for Medicare and Medicaid Services a year ago asking if the company was interested in bidding for the work, there was some pause. "That was at the…
  • Maryland's cyber security strategy: Avoid boneheaded mistakes

    Sarah Gantz
    30 Oct 2014 | 10:16 am
    State and local governments can't prevent hackers from trying to break into its systems. But they can make sure employees don't make the task any easier for attackers. Too often when governments are hacked, the reason is simple. "Someone on our side made a boneheaded mistake," said Elliot Schlanger, Maryland's director of cyber security. Gov. Martin O'Malley created the cyber security chief role in August 2013, tapping Schlanger, who also had been the state's first IT secretary. Schlanger's job…
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    Birmingham Business News - Local Birmingham News | Birmingham Business Journal

  • Baptist Health partners with pharmaceutical giant CVS Health

    Alan Alexander
    30 Oct 2014 | 2:01 pm
    Baptist Health System has partnered with CVS Health through a clinical affiliation that will improve access for BHS patients to clinical support, medication counseling, chronic disease monitoring and wellness programs with pharmacists in the 7,700 CVS pharmacy retail stores, of which 158 are in Alabama. CVS Health will also provide prescription and visit information to BHS physicians by integrating an electronic medical record system that will include the electronic sharing of messages and alerts…
  • Mergers and acquisitions: Begin with the end in mind

    Joanie Gable
    30 Oct 2014 | 1:45 pm
    The business world has been witness to mergers and acquisitions for years, but it has never been as dramatic as what can be anticipated in the near future. The retiring baby boomer generation, those born between 1946 and 1964, are estimated to own more than 12 million businesses and more than 70 percent will change hands and not transfer to the next generation. This will add approximately 378,000 businesses that will be put on the market through the year 2029. Add this to the current market of only…
  • Faith Skate Shop moves to new location

    Bryan Davis
    30 Oct 2014 | 12:56 pm
    A longtime Birmingham skate shop has moved to a new location. Faith Skate Supply Inc., a retail store that specializes in skateboards and professional skateboarding accessories, has moved from a 1,200-square-foot location at 2328 Second Ave. N. to a 2,700-square-foot space in the Acme building at 1305 Second Ave. N. Red Rock Realty Group represented the landlord, Myers Building LLC, in the transaction. Lochrane Smith and Tom Carruthers of Red Rock Realty Group represented the tenant in the lease. Founded…
  • BBVA Compass teams up with Dwolla to offer real-time payments

    Antrenise Cole
    30 Oct 2014 | 12:51 pm
    BBVA Compass has partnered with Iowa-based online payments company Dwolla to begin offering real-time money transfers to its customers starting in the first quarter. In the first stage of the agreement, the Birmingham-based bank will use Dwolla's FiSync protocol, which is designed especially for financial institutions, to move funds for businesses, organizations or individuals at a flat fee of 25 cents for transactions of more than $10; anything less is free. BBVA Compass said the service will be…
  • Study shows Alabama still one of five states not providing funds for public transportation

    Ryan Phillips
    30 Oct 2014 | 12:47 pm
    A recently released study showed the state of Alabama facing a major problem in providing adequate public transportation to residents. Alabama is currently one of five states that do not provide funds to municipalities for public transportation, according to a release from Arise Citzens' Policy Project. The report claims a lack of investment in public transit results in the isolation of people who do not have the means to access private vehicles. The study was conducted this month by Alabama State…
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    Boston Business News - Local Boston News | Boston Business Journal

  • The country's two biggest retirement services firms are now run by Boston CEOs

    Jon Chesto
    30 Oct 2014 | 8:23 pm
    The two biggest retirement services providers in the country are now overseen by Boston-based CEOs. You've heard of the first one before. But probably not the second. Yes, of course, Boston-based Fidelity is still No. 1 when it comes to 401(k) plans and the like. But there's a new No. 2 — and it has a new name. Great-West Financial, the U.S. division of Canada's Great-West Lifeco Inc., became the second largest retirement services provider in the U.S. last month following its acquisition of the…
  • Here's why Apple supplier GT Advanced declared bankruptcy

    David Harris
    30 Oct 2014 | 8:02 pm
    Details have emerged this week about what actually led to the bankruptcy of New Hampshire-based GT Advanced Technologies, an Apple (Nasdaq: AAPL) supplier that has operations in Salem. Apple has wanted to keep the details of GT's relationship secret, but the documents shed light on a promising business deal between a potential supplier and a tech giant that went bad quickly. In the end GT says the deal ended up costing it $900 million in total. Earlier this month, the company said it would close…
  • Here are the top 10 tech stories for October

    David Harris
    30 Oct 2014 | 1:16 pm
    Below are the top 10 most-viewed tech stories for the month of October, featuring tech companies that could go public, startups at Harvard's Launch Lab and Elon Musk. 1. 10 Boston-area tech companies that could go public soon 2. Meet the 14 startups at Harvard's Launch Lab 3. In honor of Ada Lovelace Day: 10 Boston-area women who have revolutionized science, tech 4. Elon Musk on why it's important to build a city on Mars, extend life beyond Earth 5. MIT-developed bracelet Wristify wants to be…
  • Menino's legacy: Boston business and nonprofit leaders recall mayor's vision, passion for city he loved (BBJ photo gallery)

    Business Journal Staff
    30 Oct 2014 | 11:22 am
    The death of Thomas Menino has elicited an outpouring of condolences and tributes from local business leaders, many of whom dealt directly with the former mayor in reshaping the city's economy. Menino's passing was announced Thursday, nearly a week after it was disclosed that he had ceased treatment for an advanced and undisclosed form of cancer that had spread to his vital organs. He was the city's mayor for 20 years before handing the keys to City Hall to newly elected Mayor Martin Walsh earlier…
  • The state's biotech community mourns the passing of former Boston Mayor Tom Menino

    Don Seiffert
    30 Oct 2014 | 10:47 am
    Of the dozens of remembrances of former Boston Mayor Tom Menino which poured out today following his death, one came from the head of the city's largest biotech firm, which coincidentally moved there this year. Vertex Pharmaceuticals officially celebrated the opening of its new headquarters on Fan Pier in February, a site the 25-year-old biotech was lured to from Cambridge by Menino in discussions dating back to at least 200 8. Today, Vertex CEO Jeff Leiden said he remembers "a true leader whose…
 
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    Buffalo Business News - Local Buffalo News | Business First of Buffalo

  • Expanding Niagara Refining also boosting workforce

    David Bertola
    30 Oct 2014 | 12:32 pm
    Niagara Refining LLC, which in September began producing tungsten at its new Depew plant for its parent company and a Japanese partner, wants to add 18 entry-level production workers by the end of November. Niagara Refining is a hydro metallurgy plant that combines the latest technology for the chemical processing of refractory metals. Last year, Sumitomo Electric Industries Ltd. announced the start of tungsten refining and scrap recycling operations in the U.S. Sumitomo Electric Carbide Inc.,…
  • Five questions with... Phillips Lytle LLP‘s Timothy Hoover

    Michael Petro
    30 Oct 2014 | 12:30 pm
    The NYS Association of Criminal Defense Lawyers will hold the Superstar Trial Seminar on Nov. 7 at the U.S. Courthouse in Buffalo. What's it about? Myself, with Jim Grable of Connors & Vilardo, Brian Melber at Personius Melber and Tim Murphy, the attorney in charge of appeals at Legal Aid, are on the board of the (association). The last three years, we've put on an annual fall seminar related to trial topics and we call it a Superstar Trial Seminar because we try to get the best of both local and…
  • NASA explosion rocks researchers' world

    Tracey Drury
    30 Oct 2014 | 12:05 pm
    There was no loss of human life when an unmanned rocket blew up this week in Virginia at launch as it was heading to the International Space Station. But there was still plenty of angst and tears from hundreds of scientists and researchers who lost months of work in the explosion. "It could be devastating," said Eddie Snell, a senior research scientist at Hauptman-Woodward Medical Research Institute in Buffalo. "You can invest weeks or months of time to produce a sample you're making for an experiment…
  • PHH Mortgage to settle at Wehrle Drive site

    Allissa Kline
    30 Oct 2014 | 12:01 pm
    A $34 million office complex in Amherst will be occupied by PHH Mortgage Corp. after all. Spokesperson Dico Akseraylian said employees will move into the 97,000-suare-foot building at 1760 Wehrle Drive sometime between April and September of 2015. The New Jersey-based mortgage servicer employs about 300 people who are currently split between two locations in Amherst — 170 Northpointe Parkway and 220 Northpointe Parkway, Akseraylian said. Confirmation of the move comes nearly six months after…
  • Johnson taking over as interim CEO at Roswell Park

    Tracey Drury
    30 Oct 2014 | 11:44 am
    Candace Johnson is taking over as interim CEO at Roswell Park Cancer Institute immediately, two months earlier than planned. Hospital officials confirmed Thursday afternoon Dr. Donald Trump stepped down earlier than anticipated from the president/CEO post he has held for seven years. He was initially slated to leave the post Jan 1. Michael Joseph, president of the Roswell Park board of directors, announced the change in an internal communication email to employees Thursday morning. Joseph was on…
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    Charlotte Business News - Local Charlotte News | Charlotte Business Journal

  • Family Dollar CEO could receive $13.6M in a Dollar General acquisition

    Jennifer Thomas
    30 Oct 2014 | 3:26 pm
    Family Dollar Stores Inc. CEO Howard Levine stands to make nearly $13.6 million if the Matthews-based discount retailer is acquired by Dollar General Corp. and his job is eliminated, according to a Family Dollar filing with the U.S. Securities and Exchange Commission on Thursday. The filing includes information on "golden parachute payments" if Dollar General (NYSE:DG) is successful with its all-cash offer of $80 per share to buy Family Dollar (NYSE:FDO), and employment for the retailer's top executives…
  • Duke Energy CEO: Shale gas is speeding change for power industry

    John Downey
    30 Oct 2014 | 2:12 pm
    Duke Energy CEO Lynn Good says the proposed Atlantic Coast Pipeline represents Duke's preparation for a future that may be dominated by natural gas for producing electricity. Speaking at the North Carolina CEO Forum in Raleigh on Thursday, she said Duke would like to be able to consider new nuclear-plant construction, as its first Oconee Nuclear Station retires around 2030. But that remains uncertain. "Nuclear is a great asset ... but it's hard and it's expensive to replace," Good said. "There's…
  • Small Business, Big Impact winners named by Time Warner Cable Business Class

    Jen Wilson
    30 Oct 2014 | 1:44 pm
    Time Warner Cable Business Class recently honored the winners in its first Small Business, Big Impact contest for the Charlotte region. Small-business customers were recognized for their winning submissions on how they use the company's Internet, Wi-Fi, phone, TV and/or Cloud in their business. Their technology success stories were judged on how effectively they improved business practices and customer satisfaction. Winning companies were honored at an Oct. 24 breakfast. Charlotte Chamber President…
  • Valmet begins hiring for 40-job expansion in Lancaster County

    Ken Elkins
    30 Oct 2014 | 1:00 pm
    Valmet Corp. has starting hiring for a 40-job expansion at its Lancaster County plant. The company, based in Espoo, Finland, expects to complete the expansion in January, Bill Bohn, Valmet-North America area president, says in a news release about the expansion. "We value their being in the community providing good jobs with good wages and being good corporate citizens," says Larry McCullough, chairman of Lancaster County Council. Details such as the cost of the expansion and the number of employees…
  • Five years in 'stealth mode' kept Alevo battery plant under wraps

    John Downey
    30 Oct 2014 | 12:53 pm
    Alevo Group CEO Jostein Eikeland first toured Concord's shuttered Philip Morris plant in 2009. But Alevo and local officials kept things so quiet that even N.C. economic developers had no clue what was happening. Keeping the search for a U.S. manufacturing plant — Alevo's first in the world — quiet was key for the Swiss-based company. After the announcement of the battery-system production plant on Tuesday, Eikeland told well-wishers the company was in "stealth mode" for years. In the highly…
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    Cincinnati Business News - Local Cincinnati News | Business Courier of Cincinnati

  • Top official: What you have to do in order to land business with General Electric

    Chris Wetterich
    30 Oct 2014 | 2:32 pm
    Diversity is one key in gaining business from General Electric, said Joe Allen, the head of the global giant's U.S. operations office in Cincinnati. Allen was recently appointed to his new role, which will eventually be headquartered at GE's new building on the Banks. The global giant eventually will bring up to 2,000 jobs to Cincinnati's riverfront. And those jobs will require support services provided by outside firms — lots of them, Allen said. "You have to have a strategic fit with us. You…
  • Here’s how you can see MSJ player Lauren Hill’s last game

    Steve Watkins
    30 Oct 2014 | 12:47 pm
    Lauren Hill's chance to play one college basketball game for Mount St. Joseph University drew so much interest it sold out in a half-hour. But fans without a ticket can still watch the game, billed as "One Last Game." Fox Sports Ohio said Thursday it will televise Sunday afternoon's game to raise money for the incurable brain cancer from which Hill suffers. The game is Sunday at 2 p.m. against Hiram College. It was moved to Xavier University's Cintas Center to accommodate the big crowd that clamored…
  • Bob Barnes, accounting firm founder, dies

    Steve Watkins
    30 Oct 2014 | 11:59 am
    Bob Barnes, who founded Cincinnati accounting firm Barnes Dennig, died Oct. 22 at age 92. Barnes co-founded Barnes Dennig with Al Dennig in 1965. He ran the firm until he retired in 1987. "Some people are always the center of the party, and Bob was that," said Bill Cloppert, who worked with Barnes for 14 years and succeeded him as managing partner, running the firm until 2011. "He was very much a people person. But he was a super client server. His clients loved him and so did his employees." Barnes…
  • Enquirer editor: 'In the end, it will be good for the journalism we do'

    Chris Wetterich
    30 Oct 2014 | 11:55 am
    Cincinnati Enquirer editor Carolyn Washburn spoke with me this morning about the major changes happening at the region's largest news organization. Washburn weighed in on her new management team, how the Enquirer will deal with the loss of institutional knowledge and the new content she believes will make the changes worth it for customers. One of the things that some people have questioned or been critical of is that some of the members of the senior management team you named – they're on the…
  • Foodie Favorites: Precinct vs. Carlo & Johnny; Jeff Ruby's vs. Nicolas

    Lisa Benson
    30 Oct 2014 | 11:34 am
    Today we've got the final set of match-ups in the "Elite Ate" round of Foodie Favorites, our competition to discover Cincinnati's most popular upscale restaurant. I'm sort of sad to see it come to this, but we've got two Jeff Ruby Culinary Entertainment restaurants going head-to-head today: The Precinct vs. Carlo & Johnny. I think many of you are going to have to make tough decision here. The upside? No matter what, steak wins. In our other Foodie Favorites pairing, another two Cincinnati dining…
 
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    Columbus Business News - Local Columbus News | Business First of Columbus

  • NHL exec on All-Star Game prep, Winter Classic at Ohio Stadium

    Evan Weese
    30 Oct 2014 | 2:13 pm
    National Hockey League executives were in Columbus Thursday to iron out details of the 2015 NHL All-Star Game less than 90 days ahead of festivities at Nationwide Arena. Don Renzulli, the league's executive vice president of events, said the groundwork included an arena walk-through for Canadian broadcasters to show how cameras can be set up (Canada's Rogers Communications Inc. took over broadcast rights from CBC this year). There's plenty of intricate planning that goes into the entire All-Star…
  • Friendship Village of Dublin mulling $40M-$60M expansion as it completes 20-house ‘villa’ project

    Carrie Ghose
    30 Oct 2014 | 1:03 pm
    Friendship Village of Dublin's board is evaluating projects to include in a $40 million to $60 million master plan for renovating and expanding. The retirement community expects to wrap up its latest expansion next year, said Jerry Kuyoth, executive director. Columbus-based Ruscilli Construction Company Inc. is building the last four standalone homes called villas along Riverside Drive in far northwest Columbus. The first 16 were built in 2012 through 2013; all were designed by Columbus-based JMM…
  • Big natural gas processing complex opening in Monroe County

    Tom Knox
    30 Oct 2014 | 12:57 pm
    The Berne processing complex in Monroe County, which has the capacity to hold three plants each processing 200 million cubic feet per day of natural gas, is almost ready to open. The first 200 million-capacity plant will open in November, said Casey Nikoloric, spokeswoman for Blue Racer Midstream LLC, the company that runs the Monroe County project. Construction of the second unit has started and should be in-service in April. Berne should be a boon to the chronically underdeveloped infrastructure…
  • Restaurant coming to 250 S. High St. from owners of Harvest Pizzeria

    Brian R. Ball
    30 Oct 2014 | 11:00 am
    Developers of the apartment and office complex getting built at 250 S. High St. have secured the owners of the Grow Restaurants LLC collection of fresh-fare gourmet restaurants to create an anchor for the mixed-use project. Chris Crader, co-owner and operator of Harvest Pizzeria in Clintonville and German Village, told me he and partners Bethany Lovell and Travis Owens have agreed to lease 6,000 square feet at the East Main Street end of the complex with a restaurant focused on healthy eating and…
  • Here’s why phrases like ‘Star spangled hammered’ are worth $4M

    Carrie Ghose
    30 Oct 2014 | 10:56 am
    There are a lot of T-shirt companies out there. I mean, a lot. But the one that's worth $4.25 million to top e-commerce investors is the one that could pick up the earliest that the ridiculous Doge meme was taking over the Internet, and was ready. That makes it more than a T-shirt company. "We are very focused on demand capture and not demand creation," Tanisha Robinson, CEO and co-founder of Print Syndicate, told me after announcing the venture round led by Data Point Capital. "We create stuff…
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    Dallas Business News - Local Dallas News | Dallas Business Journal

  • Dell highlighting PC sales after years of downplaying

    Christopher Calnan
    30 Oct 2014 | 1:40 pm
    Dell Inc. is once again excited about computers. The tech giant is citing personal computer sales as a growth indicator one year after it went private ostensibly so it could downplay PC sales in favor of more profitable software and services. The Round Rock-based company issued a news release Thursday citing a report by research firm IDC that Dell's U.S. shipments grew 19.7 percent during the third quarter compared with a 4.3 percent industry wide. Quarterly shipments resulted in a 3.1 percent gain…
  • TPG spends $150M for minority stake in home improvement company

    Korri Kezar
    30 Oct 2014 | 1:06 pm
    Continuing to spread its wealth, TPG now has a $150 million minority stake in GreenSky Trade Credit. GreenSky is an Atlanta company that provides financing for home improvement projects or large purchases such as furniture or televisions. TPG's investment puts GreenSky's market value at $2 billion, reported the Wall Street Journal. Other investors are also slated to chip in private equity money to the finance company, including Kansas City, Missouri-based DST Group. TPG, which has a wide portfolio…
  • American Airlines adds a new daily flight to London with the Boeing 777-300ER

    Nicholas Sakelaris
    30 Oct 2014 | 1:01 pm
    American Airlines will add a new nonstop flight from Los Angeles International Airport to London Heathrow Airport on March 28. The flight will depart LAX at 5:55 p.m. daily using a Boeing 777-300ER. It arrives at 10 a.m. London time the following day. This is in addition to the 7:35 p.m. flight Fort Worth-based American (Nasdaq: AAL) already flies daily from LAX to London, also using the Boeing 777-300ER. British Airways, American's Atlantic partner, also flies the route twice daily using the…
  • Apple CEO Tim Cook: 'I'm proud to be gay'

    Greg Baumann
    30 Oct 2014 | 11:55 am
    Apple Inc. CEO Tim Cook, saying he's willing to trade personal privacy for the chance to inspire others to insist on equality, came out as a gay man in a first-person essay penned for Bloomberg Businessweek. " When I arrive in my office each morning, I'm greeted by framed photos of Dr. King and Robert F. Kennedy," Cook wrote. "I don't pretend that writing this puts me in their league. All it does is allow me to look at those pictures and know that I'm doing my part, however small, to help others." Cook's…
  • Samsung profit dented by weaker smartphone sales

    Jason McCormick
    30 Oct 2014 | 10:34 am
    Samsung Electronics Co. said in an earnings report Thursday that its net profit tumbled nearly 50 percent in the period ended Sept. 30 amid intensified competition against low-cost smartphone makers in China, according to the Wall Street Journal. The South Korean company also warned of continued uncertainty for its mobile business, which expects a year-end surge in competitors' smartphone launches, the Journal reported. Sales of mobile phones make up more than 60 percent of Samsung's profit. Samsung…
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    Dayton Business News - Local Dayton News | Dayton Business Journal

  • New coffee shop to sell Baileys, Kahlua and art

    Olivia Barrow
    30 Oct 2014 | 12:25 pm
    A new coffee shop is set to open in Miamisburg that will offer a new experience for shoppers. Curious Styles & Coffee Shop has applied for a D1 and D2 liquor license at 16 S. Main St. in Miamisburg in order to offer coffee with spirits like Baileys or Kahlua, in addition to a full line of coffee and espresso drinks and teas, said co-owner Paul Boy. A former banker with Fifth Third Bank, Boy said she needed a new project that would allow her to express her artistic side, so she teamed up with business…
  • Wright State Raiders AD Bob Grant talks upcoming basketball season (Video)

    30 Oct 2014 | 12:05 pm
    Wright State Raiders AD Bob Grant talks upcoming basketball season (Video)
  • Hidy family negotiating to sell all four auto dealerships (Exclusive)

    Olivia Barrow
    30 Oct 2014 | 11:13 am
    A deal is in the works for the Hidy family to sell its four local dealerships to two different Ohio-based auto groups. Superior Automotive Group in Cincinnati is negotiating a deal to buy Hidy Acura in Centerville and Hidy Hyundai in Beavercreek, while Germain Motor Co. in Columbus plans to buy Hidy Ford and Hidy Honda in Beavercreek, said Joe Saporito, a manager with Jewel Auto Sales in Germantown. Multiple other sources have confirmed the plans. Employees at all of the dealerships have already…
  • City of Middletown public employee pay database

    Tristan Navera
    30 Oct 2014 | 7:57 am
    Law enforcement pays in Middletown, along with in many other cities. The fourth-largest city in the Dayton region sports a population of 48,800, and has only grown in prominence as Warren and Butler counties have expanded its population and economic base as Cincinnati and Dayton grow together. Middletown paid just over 500 employees, the top paid was then-city manager Judy Gillieland, who retired at the end of the year and was replaced with Doug Adkins earlier this year. Gillieland earned $135,350.…
  • City of Middletown public employee salary database

    Tristan Navera
    30 Oct 2014 | 7:49 am
    The DBJ has compiled a database of the pay for all public employees working for the city of Middletown. The information is based on 2013 full-year pay and is public information in the state of Ohio. Use the fields below to search by employee last name, department or pay amount. Searches by base salary will return all salaries at the specified level and above. To view all city employees pay simply leave all fields blank and hit search. Once the results page shows, you can click any of the headers…
 
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    Denver Business News - Local Denver News | Denver Business Journal

  • Denver doesn't make top 200 cities for female executives, study finds

    Heather Draper
    30 Oct 2014 | 4:20 pm
    It's still tough to be a female executive in metro Denver, according to a study released Thursday by Infogroup Targeting Solutions, a Nebraska-based business and consumer database firm. Denver ranks 224 out of 832 cities with at least 1,000 businesses meeting Infogroup's search criteria, and many of the 832 cities in the study are smaller than Denver. The research found that only 30.1 percent of companies in Denver have at least one woman in an executive position. That did, however, beat the national…
  • Newmont Mining's Q3 profit falls 46%, but adjusted earnings up

    Mark Harden
    30 Oct 2014 | 3:49 pm
    Newmont Mining Corp. reported a sharp decline in profit for the third quarter from a year earlier as both prices and production fell, but the Greenwood Village-based gold miner posted higher adjusted earnings late Thursday. For the quarter that ended Sept. 30, net income attributable to shareholders was $213 million, down 46 percent from the Q3 2013 figure of $398 million. Diluted per-share earnings came in at 43 cents, down from the year-ago 80 cents. But absent one-time items, including restructuring…
  • Lockheed Martin finishes building NASA Orion capsule for test flight

    Greg Avery
    30 Oct 2014 | 1:58 pm
    The first flight version of NASA's Orion space vehicle is fully assembled and will be moved to its launch pad in Florida in coming weeks for an unmanned test launch Dec. 4. The capsule, designed and built by Jefferson County-based Lockheed Martin Space Systems Co. (LMSS), is the first vehicle made to take astronauts to deep space destinations, such as the asteroids or Mars. LMSS, a division of defense and aerospace giant Lockheed Martin Corp. (NYSE: LMT), has been assembling the exploration test-flight…
  • Western Union sees 9% increase in Q3 earnings

    Heather Draper
    30 Oct 2014 | 1:48 pm
    The Western Union Co. (NYSE: WU) reported a 9 percent year-over-year increase in its third-quarter profits Thursday, which the company attributed to a rise in consumer transactions and higher revenues. The Douglas County-based global financial services company had third-quarter net income of $234.1 million, or 44 cents a share, up from $214.4 million, or 39 cents a share, a year earlier. That beat earnings expectations of 38 cents a share among analysts polled by Thomson Reuters. Western Union's…
  • Four Denver-area TGI Fridays locations sold, heading for upgrade

    Ed Sealover
    30 Oct 2014 | 1:33 pm
    The four Denver-area TGI Fridays restaurants will be getting an upgrade after a California-based franchise investment group has bought them as part of a 22-location deal with the national restaurant chain. MarLu Investment Group announced Thursday that it has bought a group of company-run locations from TGI Fridays with an agreement to bring the stores up to the latest design put out by the Texas-headquartered chain and to add as many as 10 new locations in the Texas and Colorado markets. Included…
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    Greensboro Business News - Local Greensboro News | The Business Journal of the Greater Triad Area

  • Who earns how much in Greensboro? A look at city salaries

    30 Oct 2014 | 2:34 pm
    During the past week, we've published three different blogs exploring the salaries of employees in Forsyth and Guilford counties and in the city of Winston-Salem. Here, we follow up with salaries for those working for the city of Greensboro. The posts each include a slideshow of the 20 highest-paid employees, with this one including 21 because there were two employees at the same level. Beyond the slideshows, however, each post has included a sortable and searchable table of all full-time, salaried…
  • The Walrus was Paul ... or was it?

    Dale Edwards
    30 Oct 2014 | 1:55 pm
    I don't have tickets to see former Beatle Paul McCartney at the Greensboro Coliseum, but I have something pretty awesome: a selfie with Sir Paul himself. Yep. I was taking a walk during my lunch in downtown Greensboro when I saw a few people taking pictures with someone familiar-looking. "It can't be," I said to myself. "No way." I crossed Elm Street, completely oblivious to oncoming traffic, and approached the Beatle-like man. I took a closer look. "I don't think it's him," I thought. The man…
  • Carolina Bank continues rebound from slow 2014 start

    Owen Covington
    30 Oct 2014 | 1:50 pm
    Carolina Bank continued to rebound from what its executives called a disappointing start to the year, as profits grew during the third quarter. The Greensboro-based bank reported Thursday that net income had topped $1 million during the quarter, up from $265,000 in the first quarter and $750,000 in the second. That translated into net income for common stockholders of $764,000, roughly on par with shareholder profits in the third quarter of 2013. "We will continue to build our value for our shareholders…
  • Prosecutors drop charges against former UNCG employees

    30 Oct 2014 | 12:09 pm
    Charges against three former employees of the University of North Carolina-Greensboro who were accused of falsifying time sheets are being dropped, the News & Record of Greensboro reports. They had been facing 22 felony counts. Chris English and David Wilson, who worked as photographers, must perform 40 hours of community service and pay restitution under a deferred prosecution arrangement announced by Guilford County prosecutors. Prosecutors have dismissed charges against their boss, Lyda Carpen.
  • $11.6M nursing home planned for Triad

    Owen Covington
    30 Oct 2014 | 11:50 am
    Peak Resources of Cary wants to replace its current 120-bed skilled nursing home in Graham with an $11.6 million facility that would be twice as large and include more amenities for residents. The skilled nursing facility operator with seven homes statewide is seeking state approval to build a nearly 70,000-square-foot facility at 600 N. Main St. in Graham, about 2 miles from Peak Resources-Alamance at 779 Woody Dr. Peak Resources filed a certificate of need application seeking approval from the…
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    Honolulu Business News - Local Honolulu News | Pacific Business News of Honolulu

  • L&L Hawaiian Barbecue's Eddie Flores gives tips on how to sell to the China market

    Bill Cresenzo
    30 Oct 2014 | 7:49 pm
    In order to serve Chinese customers, businesses must be aware of the nuances and customs of the Chinese culture, said Hawaii entrepreneur Eddie Flores, who spent his youth in Hong Kong before moving the United States to build a restaurant empire. Flores, who now has 200 L&L Hawaiian Barbeque franchises, made the comments and others about selling to the Chinese market during a presentation and a lunch Thursday sponsored by the Chinese Chamber of Commerce of Hawaii at the Empress Seafood Restaurant…
  • Lowering electricity rates in Hawaii starts by substituting solar energy for oil, expert says

    Duane Shimogawa
    30 Oct 2014 | 5:59 pm
    The way to get lower rates in Hawaii is to start directly substituting solar energy for oil, especially with bigger solar projects that end up being cheaper than oil, the former chairman of the Colorado Public Utilities Commission told PBN on Thursday. "You can't not afford to do solar in Hawaii," said Ron Binz, principal of Denver-based Public Policy Consulting, who spent three years as the top commissioner at the Colorado PUC, as well as President Barack Obama's nominee to head the Federal Energy…
  • Kauai Government Employees Federal Credit Union offers high CD rates

    Jason Ubay
    30 Oct 2014 | 5:56 pm
    With an annual percentage yield of 1.76 percent, Kauai Government Employees Federal Credit Union had the highest rate for its two-year certificate of deposits among all U.S. states, according to a report from GoBankingRates.com. GoBankingRates found the highest rates in each state for CDs with six-month, one-year, two-year and five-year terms. It compiled information from its database and Informa Research Services for the study, and all rates are accurate as of Oct. 10, it said. Kauai Government…
  • Hawaiian Airlines to showcase past, present flight attendant uniforms for Hawaii Fashion Month

    Jason Ubay
    30 Oct 2014 | 5:18 pm
    Hawaiian Airlines will give a special presentation of its past and current flight attendants' uniforms at the MAMo Wearable Arts show next weekend at the Hawaii Convention Center. Hawaiian Airlines is the presenting sponsor for Hawaii Fashion Month, and is collaborating with MAMo, or Maoli Arts Month, and PAI Foundation on the Nov. 8 fashion show, which starts at 7:30 p.m., and is free and open to the public. It is the first time Hawaiian Airlines has sponsored a fashion show of this kind. "Hawaiian…
  • Art Cafe Nostalgia in Pacific Guardian Center closing

    Bill Cresenzo
    30 Oct 2014 | 5:06 pm
    Owner Gina Son is closing Art Cafe Nostalgia in the Pacific Guardian Center in Downtown Honolulu within the next two weeks. She told PBN that at 600 square feet, the space for the cafe and art gallery is too small to keep up with demand. "We had a lot of traction, but profitability is something else," she said. Son opened the cafe, which serves coffee, pastries and entrees, in September 2013 after a career in finance with the Bank of Hawaii and Morgan Stanley. She said she plans to "regroup"…
 
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    Houston Business News - Local Houston News | Houston Business Journal

  • Denton's fracking ban: Is it a reasonable prohibition or the taking of mineral rights?

    Nicholas Sakelaris
    30 Oct 2014 | 8:55 pm
    If Denton voters adopt the fracking ban on Nov. 4, should the city expect a stack of lawsuits on the steps of City Hall on Nov. 5? If you ask opponents of the ban, they promise years of costly court battles challenging the city's authority and asking for millions of dollars in compensation for unrecoverable minerals. This would be the first time a Texas city has voted to ban fracking, so other cities in Texas and around the country will be paying close attention. "There's some unique issues here…
  • More Whitney Bank branches in Houston sold

    Olivia Pulsinelli
    30 Oct 2014 | 7:37 pm
    Hancock Holding Co. (Nasdaq: HBHC) is selling more of its Whitney Bank branches in Houston and opening more business financial centers. The Mississippi-based company, which sold seven Houston branches last year, said late Oct. 30 that it will sell four branches to Louisiana-based Community Trust Bank. The branches are: 12600 Memorial Drive, Houston 6767 FM 1960 West, Houston 5115 Main St., Houston 8002 Kirby Drive, Houston Along with the branches, Community Trust will acquire approximately $15…
  • New disposal well rules won't do enough to stop Azle earthquakes, state rep says

    Nicholas Sakelaris
    30 Oct 2014 | 1:28 pm
    State Rep. Lon Burnham, D-Fort Worth, criticized the Texas Railroad Commission's new rules on disposal wells, saying they will not prevent the rash of earthquakes that affected Azle, Springtown and Reno last year. The rules, approved unanimously by the three-member commission Monday, are subjective, especially considering regulators have "refused to recognize any causation link between seismic activities and disposal well operations," the outgoing state representative said. "It requires operators…
  • Forget Ebola, this is what could kill you in a Houston hospital

    Joe Martin
    30 Oct 2014 | 1:02 pm
    While the deadly virus from Africa has been stealing the national spotlight, hospitals face a much deadlier problem on a daily basis. Health care-associated infections, or infections contracted during hospital care, are a major cause for concern for hospitals in Houston, said Dr. M. Michael Shabot, system chief medical officer for Memorial Hermann Health System. Houston-area hospitals fare pretty well in terms of preventing HAIs, according to Center for Medicare and Medicaid Services data. Most…
  • Oil, gas companies pump more cash into Denton frack ban, buy prime-time ads

    Nicholas Sakelaris
    30 Oct 2014 | 12:05 pm
    The oil and gas industry and its supporters have spent nearly $700,000 in their efforts to defeat the Denton frack ban on Nov. 4, according to the latest expense reports. Heavy hitters Chevron, Occidental Petroleum, XTO Energy, Devon Energy and EnerVest — many of which are based in or have a significant presence in Houston — all contributed the bulk of the money toward the Denton Taxpayers for a Strong Economy, the group aimed at defeating the ban. Got Energy? Sign up for our Energy Inc.…
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    Jacksonville Business News - Local Jacksonville News | Jacksonville Business Journal

  • Lingerfelt CommonWealth acquires Riverplace Tower

    Andrew Thurlow
    30 Oct 2014 | 4:07 pm
    Lingerfelt CommonWealth Partners acquired the Riverplace Tower from Gate Riverplace Company, a subsidiary of Gate Petroleum, the company said Thursday in a news release. The 28-story, 425,223-square-foot office building at 1301 Riverplace Boulevard is the fifth tallest in Jacksonville. The building has a vacancy rate of 27.7 percent. Its tenants include Rogers Towers, P.A., Rayonier, Inc., Adecco USA, and ClubCorp USA, Inc. John E. Mason, senior vice president with Lingerfelt CommonWealth, said…
  • Food truck food court: Popular truck owner wants to bring vendors together

    Andrew Thurlow
    30 Oct 2014 | 11:52 am
    The owner of Happy Grilled Cheese — the popular food truck turned brick-and-mortar store— has rolled out plans to open a food truck food court, bringing together a mixture of vendors that would offer a variety of cuisines. The food court location, at 3814 Beach Blvd., is a former bar/restaurant and drive-through liquor store. It will feature indoor and outdoor seating, air conditioning, bathrooms and free Wi-Fi, said owner Anthony Hashem. A local artist will be designing the inside the building…
  • 2 Jacksonville attorneys disciplined by Florida Supreme Court

    Timothy Gibbons
    30 Oct 2014 | 11:08 am
    Two Jacksonville attorneys are among 32 who have been been disciplined by the Florida Supreme Court, a number that includes eight who have been disbarred. One of the two local lawyers, Scott Douglas Leemis, has been suspended for a year. Leemis, who was admitted to practice in 1981, failed to adequately represent clients and failed to properly communicate with them in at least four cases, according to the Florida Bar. Leemis was initially held in contempt for non-compliance and failure to respond…
  • ​Jumpstart Jax: Hydration packs target the aquatic community

    Colleen Michele Jones
    30 Oct 2014 | 10:40 am
    Name of startup: DolfinPack How long it's been around: Launched officially in September, but a Kickstarter campaign earlier this year raised $11,000 in pre-sale capital. What's the idea: A hydration backpack that holds up to one liter of water or other beverage in a lightweight (less than one pound), waterproof strap-around-the-front reservoir for on-the-go liquid refreshment, while leaving hands free for activities. The wide-mouth vessel is attached via an insulated tube, which can be capped. Target…
  • Survey shows an increase in baby boomer apartment living

    Andrew Thurlow
    30 Oct 2014 | 9:48 am
    Although millennials still make up a large share of apartment renters, a growing segment of baby boomers are also moving into the lower-priced markets, according to a survey by the National Multifamily Housing Council. The survey, conducted between Oct. 14 and Oct. 21, received responses from 133 CEOs and other senior executives of apartment-related firms nationwide, and found that one in five, or 22 percent, of the respondents had a sizeable increase in the number of baby boomers among their residents. Twenty-one…
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    Kansas City Business News - Local Kansas City News | Kansas City Business Journal

  • Execs: YRC in better position now 'than any other time in recent history'

    Austin Alonzo
    30 Oct 2014 | 4:02 pm
    YRC Worldwide Inc. executives were extremely optimistic about the company's performance in the third quarter of 2014 and what it means for the company's immediate future. "I believe that we are in a better place (now) than any other time in our recent history," CEO James Welch said during the company's quarterly conference call. The Overland Park-based less-than-truckload carrier (Nasdaq: YRCW) reported a net income of $1.2 million, the first net income its reported in the third quarter since 2012…
  • Copaken Brooks treats itself to new president, COO

    Rob Roberts
    30 Oct 2014 | 2:46 pm
    What do dog treats and commercial real estate services have in common? That sounds like a riddle but is actually one of the questions people are asking a new leader at Copaken Brooks, one of Kansas City's oldest commercial real estate and development firms. Brian Wietharn, who has joined the firm as president and COO, previously was CEO of Three Dog Bakery, a Kansas City-based natural dog food and treat company that expanded to 40 locations globally under Wietheran's leadership. Like dog treats,…
  • YRC reports second quarterly profit in two years

    Austin Alonzo
    30 Oct 2014 | 2:01 pm
    YRC Worldwide Inc. reported positive third-quarter net income for the first time in two years. On Thursday afternoon, the Overland Park-based less-than-truckload carrier (Nasdaq: YRCW) reported a quarterly net income of $1.2 million in the quarter that ended on Sept. 30. That's a substantial increase compared to the net loss of $44.4 million it reported for the same quarter in 2013. It last reported positive net income in the third quarter of 2012, when it reported $3 million in net income. For…
  • Streetcar Authority sets hours, discusses Smart City integration

    Austin Alonzo
    30 Oct 2014 | 1:08 pm
    The Kansas City streetcar system will run as late as 2 a.m. on Friday and Saturday nights. On Thursday, the board of directors of the Kansas City Streetcar Authority Inc. voted unanimously to establish the hours of service of the under-construction 2.2-mile streetcar line that will run from the River Market to Union Station when it is complete in late 2015 or early 2016. During the peak hours of operation, 11 a.m. to 7 p.m. Monday through Friday, trains will arrive at station stops every 10 minutes.…
  • Union Station, VML join to launch augmented reality app

    Leslie Collins
    30 Oct 2014 | 12:57 pm
    Union Station will be filled with ghosts of the past beginning Oct. 31 — but not because of Halloween. To celebrate its 100th anniversary, Union Station is launching the free "Living History" augmented reality app in partnership with Kansas City-based VML, a global marketing agency. "VML pitched the idea of this interactive app, which we jumped on immediately as a great way to tell the story and the history of Union Station," Union Station COO Jerry Baber said. "Every year, hundreds of thousands…
 
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    Los Angeles Business News - Local Los Angeles News | Los Angeles Business from bizjournals

  • Outerwall nearly breaks even after Redbox streaming failure

    Rachel Lerman
    30 Oct 2014 | 2:10 pm
    Outerwall pleased investors Thursday when it posted third quarter results of $553 million in revenue and a $17.9 million profit. That's down nearly 80 percent from profit the same period last year, but the company noted it completed its acquisition of ecoATM in the third quarter last year, so both companies' profits were included. Outerwall's shares were up more than 6 percent in after-hours trading to $60 a share. Bellevue, Wash.-based Outerwall operates Redbox, Coinstar and ecoATM kiosks. It's…
  • Upfront transmits $10 million to uBeam

    Annlee Ellingson
    30 Oct 2014 | 2:08 pm
    No, I probably shouldn't call my mom when there's just 20 percent left on my phone battery. But it'd sure be nice to not have to be tethered to a cord in order to not hang up on her. With $10 million in Series A financing, uBeam is one step closer to delivering that dream. In a round led by Upfront Ventures, the Santa Monica startup has raised capital to expand its engineering team and accelerate the development of its wireless charger. Dubbed "Wi-Fi for energy," the technology converts ultrasound…
  • American Airlines teams with Cadillac

    Scott Bridges
    30 Oct 2014 | 12:54 pm
    To keep up with the competition, American Airlines has announced that it will shuttle its first-class passengers to the tarmac at Los Angeles International Airport in Cadillacs, according to the Daily Breeze. In 2012, Delta teamed up with Porsche for the same service and last year, United began providing rides in Mercedes-Benzs. "American and Cadillac are two iconic American brands, both in the process of redefining the contemporary American luxury experience," Suzanne Rubin, president of American's…
  • One possible solution to voter apathy

    Scott Bridges
    30 Oct 2014 | 11:58 am
    In June, a mere 16 percent of Angelenos voted in the primary election. And that figure is down 7 percentage points from the May 2013 mayoral runoff. So, the lawmakers are considering moving city elections to even-numbered years. The Los Angeles Times reported that on Friday, the L.A. City Council asked its lawyers to prepare two measures for the March 3 ballot which would align city and school board elections with state and are federal contests. The idea has drawn warnings, however, that such a…
  • TV ratings: Leader CBS orders full seasons of 'NCIS: New Orleans,' 3 more new dramas

    Annlee Ellingson
    30 Oct 2014 | 11:58 am
    In a rare double win for the network, at least this time of year, CBS ranked first in both adults 18-49 and total viewership last week. The Eye tied with Fox atop the demo with a 2.6 rating average and drew 11.5 million average total viewers, reported TVbytheNumbers. "Thursday Night Football" was the network's top-rated program, trailing only "Sunday Night Football" among adults and actually overtaking NBC's signature sports show in total viewers. But CBS' new dramas also helped its ratings, with…
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    Louisville Business News - Local Louisville News | Business First of Louisville

  • Which restaurant will be the Foodie Favorites Showdown: Fine Dining winner?

    Rachel Aretakis
    30 Oct 2014 | 9:02 pm
    The results are in, and we now have the final two restaurants in Foodie Favorites Showdown: Fine Dining. Village Anchor has won over Porcini in the Final Four of our upscale restaurant challenge. The restaurant moves on to the championship round to compete against English Grill. Vote now for the restaurant that you prefer in the survey below. Voting closes at 11:59 p.m. on Tuesday, Nov. 4, and the winner will be announced on Nov. 5. Remember to share the news on Twitter using the hashtag #LBFfoodiefaves.
  • Kindred president to succeed Diaz as CEO next year

    Carolyn Tribble Greer
    30 Oct 2014 | 3:13 pm
    Kindred Healthcare Inc. has named its president and chief operating officer, Benjamin A. Breier, to succeed Paul J. Diaz as CEO of the company next year. Breier will become CEO on March 31, when Diaz will become executive vice chairman of Kindred's board of directors. Breier will remain president, and he will join the board. A search will be conducted for a new chief operating officer to succeed Breier in that role. Breier joined Kindred (NYSE: KND) in 2005 as president of the company's Rehabilitation…
  • 2015 inductees announced for Kentuckiana Business Hall of Fame

    Marty Finley
    30 Oct 2014 | 2:51 pm
    Three prominent business leaders in the Louisville area will be inducted into the Kentuckiana Business Hall of Fame next year. The late George N. King Sr., founder of Mr. Klean's Janitor and Maintenance Service Inc.; Steven E. Trager, chairman and CEO of Republic Bank & Trust Co.; and Cathy Zion, owner and publisher of Today's Woman, Today's Transitions and Today's Family Now magazines; will join the hall of fame on March 5, during a ceremony at the Kentucky International Convention Center in downtown…
  • METCO awards $150,000 in small-business loans

    Marty Finley
    30 Oct 2014 | 12:54 pm
    The Louisville Metropolitan Business Development Corp., known as METCO, awarded $150,000 in small-business loans to two companies during its monthly meeting today. Against the Grain LLC received a $100,000 business loan to assist with the expansion of its brewery operations and working capital at 1800 Northwestern Parkway, according to Rebecca Fleischaker, assistant director of Louisville-Jefferson County Metro Government's Department of Economic Development. The expansion is expected to create…
  • Code Louisville gets $3 million federal grant to expand program

    Rachel Aretakis
    30 Oct 2014 | 11:59 am
    Louisville's efforts to train and supply software developers got a boost today with a $2.9 million grant to expand a coding training program. Code Louisville, a free software coding training program, now can expand to 12 counties in Kentucky and Southern Indiana. Organizers hope to train at least 850 coders and get them employed by local companies in the next three years. Louisville Mayor Greg Fischer and U.S. Rep. John Yarmuth announced at a news conference Thursday that KentuckianaWorks, the…
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    Memphis Business News - Local Memphis News | Memphis Business Journal

  • Safety scores for Memphis hospitals range from excellent to failing

    Michael Sheffield
    30 Oct 2014 | 12:57 pm
    Six of the nine hospitals in Memphis received high grades from The LeapFrog Group, which publishes a report on safety and cleanliness of more than 2,500 hospitals around the U.S. Two local hospitals received average grades, and one, The Regional Medical Center at Memphis, received a failing grade. Methodist University Hospital, Methodist South Hospital, Methodist North Hospital, Methodist Le Bonheur Germantown, St Francis Hospital-Bartlett and St. Francis Hospital-Memphis all received A grades.…
  • ServiceMaster earnings impacted by IPO

    Michael Sheffield
    30 Oct 2014 | 12:04 pm
    A realignment of its Franchise Services Group and costs associated with its initial public offering highlight the third quarter for ServiceMaster Global Holdings Inc. While its third quarter revenue increased 8 percent to $664 million, ServiceMaster (NYSE: SERV) reported a net loss of $4 million or 3 cents per diluted share, due to $21 million in fees for its IPO, which occurred in early July. In the third quarter of 2013, ServiceMaster reported net income of $45 million or 49 cents per diluted…
  • Million-dollar home sale cracks dry spell for week ending Oct. 30

    Madeline Faber
    30 Oct 2014 | 12:00 pm
    For the first time in nearly a month, a million-dollar home sale returns to the top residential real estate transactions, for the week ending Oct. 30. A 5,000-square-foot home in the East Memphis ZIP code of 38117 sold for $1,046,500. The five-bedroom, four-and-a-half-bath home sits on 1.25 acres. A 6,100-square-foot home — also in the 38117 ZIP code — sold for $785,000. It has five bedrooms and five and a half bathrooms. A Collierville home sold for $779,900. The 4,275-square-foot home is…
  • Makers' market City & State coming to Broad Ave.

    Madeline Faber
    30 Oct 2014 | 11:56 am
    A new retail concept will join a cadre of made-right-here merchants on Broad Ave. City & State will carry 100-150 different makers and products including men and women's clothing, home goods, accessories, an apothecary and more. The store at 2625 Broad Ave. will also be home to a craft coffee house. Owner Lisa Toro says she is in talks with partnering with Broad Avenue neighbors Relevant Roasters to carry a custom roast in the shop. In addition to a full-service espresso bar, she will serve locally…
  • Memphis retail real estate market rings up mediocre quarter

    Ryan Poe
    30 Oct 2014 | 11:08 am
    Leases in Germantown and Cordova buoyed the Memphis retail real estate market in an otherwise mediocre third quarter, according to a new market report. The Memphis area closed the quarter with net absorption – the amount of space filled, minus the amount vacated – of 44,822 square feet, down slightly from the second quarter of 2014, CBRE Memphis said in its latest quarterly MarketView report. Also, the area's vacancy rate remained static at 12.7 percent and lease rates fell to $8.74, the report…
 
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    Milwaukee Business News - Local Milwaukee News | The Business Journal of Milwaukee

  • Top Grand Avenue bidder: Wants to work with community to 'breathe new life' into downtown mall

    Alison Bauter
    30 Oct 2014 | 2:54 pm
    Alex Levin, the New York City real estate investor whose group submitted the winning bid for Milwaukee's Shops of Grand Avenue, told the Milwaukee Business Journal Thursday that he wants to work with the city and the community to "breathe new life" into the struggling mall. Levin did not want to discuss details regarding the $16.5 million deal until the Grand Avenue auction closes in a couple of weeks. However, he told the Milwaukee Business Journal, "In general, I want to tell you that we are looking…
  • Grand Avenue's top bidder is New York City investor

    Alison Bauter
    30 Oct 2014 | 1:42 pm
    Alex Levin, a Brooklyn real estate investor who specializes in distressed retail properties, is the mystery, $16.5 million winning bidder in the Shops of Grand Avenue's auction, the Milwaukee Business Journal learned Thursday. Levin confirmed to the Milwaukee Business Journal Thursday afternoon that he was the $16.5 million top bid, although he did not immediately offer further comment. Levin is also behind documents filed with the state Wednesday to incorporate a company called "Grand Avenue Mall…
  • Johnson Controls' CEO Molinaroli 'bullish' on building efficiency business

    Denise Lockwood
    30 Oct 2014 | 1:02 pm
    Coming off of a record sales year, Johnson Controls Inc. has focused on re-creating itself as a multi-industrial company as it has shed some of its automotive-related businesses. Over the past year, the Glendale-based company, a manufacturer of batteries, automotive interiors and building management technology, created a joint venture with Hitachi to expand its building efficiency product offerings, and a joint venture with its automotive interiors business, reorganized its building efficiency business,…
  • Murphy, Kovac propose diverting $175,000 in Bradley Center funds to parks

    Rich Kirchen
    30 Oct 2014 | 1:01 pm
    Milwaukee Common Council president Ald. Michael Murphy and east side Ald. Nik Kovac want to undo a $175,000 city contribution to the BMO Harris Bradley Center's maintenance and facilities fund and shift the money to improving poorly maintained city-owned pocket parks. The Milwaukee Common Council one year ago approved Mayor Tom Barrett's proposal to transfer $175,000 in city parking receipts to the BMO Harris Bradley Center. The contribution comes from receipts at the city-owned parking garage at…
  • Low-key development giant Jon Hammes discusses Bucks, stadiums, downtown

    Rich Kirchen
    30 Oct 2014 | 12:41 pm
    We knew for years that Jon Hammes' real estate development business never stopped growing — news of Hammes Co. stadium projects, new hospitals and clinics crosses our desks at the Milwaukee Business Journal from time to time — but he never sat down to tell us how he and his team did it. Now he has, as I report in Friday's Business Journal print edition. Hammes agreed to a wide-ranging interview where he provided insights on the 20-plus-year history of his Brookfield business. Lately he has…
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    Minneapolis Business News - Local Minneapolis News | The Minneapolis / St Paul Business Journal

  • 11Wells to open a 'Travail-style' craft cocktail bar

    Clare Kennedy
    30 Oct 2014 | 2:54 pm
    11Wells Spirits will soon begin work on a new cocktail lounge. The St. Paul distillery's plans go far beyond a standard tasting room. The new space will be a full-fledged craft cocktail bar. Founder Lee Egbert said the company hopes to do with spirits what Travail Kitchen and Amusements does with food, with experienced bartenders guiding drinkers through a carefully curated cocktail flight. RELATED: Face Time: Mike Brown, Bob Gerken and James Winberg of Travail Kitchen and Amusements The cocktail…
  • Investors eye site near Minneapolis Farmers Market for MLS stadium

    Business Journal reporters Nick Halter, Sam Black and Minnesota Public Radio News reporter Tim Nelson
    30 Oct 2014 | 1:52 pm
    United Properties says pro soccer is an option for a site it may develop near the Minneapolis Farmers Market — a sign that the Minnesota Vikings may have a serious rival in their bid to bring Major League Soccer to their new home in Downtown East. "We are very early in the process," a United Properties spokeswoman said. The company said it wouldn't offer any more details on its plans. The acknowledgement comes less than a week after Major League Soccer commissioner Don Garber told the Chicago…
  • Cassidy Turley names Minneapolis office leadership duo

    Sam Black
    30 Oct 2014 | 1:33 pm
    Cassidy Turley has named veteran real estate brokers Mark Sims and Brian Woolsey as co-managing principals of the firm's Twin Cities operations. The men replace Dennis Panzer, who ran the Minneapolis office from 2010 until April, when he stepped down to pursue other interests. Based in downtown Minneapolis' IDS Center, the local office of Cassidy Turley has about 65 employees, which is half the size compared to its peak in 2008. It will pick back up in the ranking of local brokerages following…
  • Ducati closing Minneapolis dealership

    Nick Halter
    30 Oct 2014 | 12:52 pm
    The Ducati Motors dealership in the Lyn-Lake area of Minneapolis will close on Friday after five years of selling Italian motorcycles. "We are closing because we are unable to be profitable," said owner Merrill Ferguson. The 5,000-square-foot dealership includes a showroom, service department and retail space for accessories and clothing. Building owner Al Hagen said he is sad to see Ducati leave. He's already received interest for the site and has been in talks with a business he couldn't name. "It…
  • Late Aveda founder and widow donate $1.5M to expand Children's integrative medicine clinic

    Sam Black
    30 Oct 2014 | 12:50 pm
    Children's Hospitals and Clinics of Minnesota will expand the Pain, Palliative and Integrative Medicine program into a new one-of-a-kind center with a $1.5 million donation from the late cosmetics entrepreneur Horst Rechelbacher, founder of Aveda Corp. and Intelligent Nutrients, and his wife and business partner, Kiran Stordalen. The couple decided on the gift long before Rechelbacher's death from pancreatic cancer in February. It is the largest donation the couple has made to a non-profit organization. Children's…
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    Nashville Business News - Local Nashville News | The Nashville Business Journal

  • Crosslin Technologies buys Nashville IT company

    Eleanor Kennedy
    30 Oct 2014 | 12:45 pm
    Crosslin Technologies, a Nashville-based IT services provider and consulting firm, has acquired ProAccura, another Nashville-based IT firm. Terms of the deal were not disclosed. "In looking toward the future, Crosslin Technologies was ready to expand its base of IT services provided," Justin Crosslin Jr., managing principal of Crosslin Technologies, said in a release. "By acquiring ProAccura, we will able to add services and expertise while continuing to embody the same commitment to excellence…
  • Cyber security, health care among top legal concerns for South's corporate attorneys

    Scott Harrison
    30 Oct 2014 | 12:29 pm
    General counsels in the Southeast are generally optimistic on their companies' economic prospects, but say health care costs and cyber security are growing legal concerns that could challenge their businesses, according to a new survey. Fifty-eight percent of corporate attorneys in the Southeast expect their companies' economic outlook to improve in 2015, absent an economic downturn or unexpected change in business conditions, according to the survey by ALM Legal Intelligence, in association with…
  • Giarratana sells downtown office tower site to Highwoods Properties

    Adam Sichko
    30 Oct 2014 | 12:25 pm
    Highwoods Properties, already the largest office landlord in Nashville, has bought a downtown site primed for an office tower. Highwoods paid Nashville developer Tony Giarratana $4.84 million for the land, according to a property deed. The land had been owned by Premier Parking, a business Giarattana founded and co-owns. The purchase involves four pieces of land, totaling roughly three-fourths of an acre. The property is at the corner of Demonbreun Street and Fourth Avenue South — the site where…
  • Voting winding down in our Booze Madness competition

    Eric Snyder
    30 Oct 2014 | 12:15 pm
    It's almost time to declare Nashville's favorite booze. Less than 24 hours remain to vote for your favorite booze made in the Nashville area. After two previous rounds of voting by category, three contenders remain: Arrington Vineyards, Corsair Artisan Distillery and Tennessee Brew Works. As of just after 2 p.m. Thursday, voting remained tight, with Tennessee Brew Works holding a slight edge with 38 percent of votes. Corsair followed close behind with 35 percent of votes, while Arrington Vineyards…
  • Acadia's big buy shows there's money in treating addiction

    Eleanor Kennedy
    30 Oct 2014 | 12:10 pm
    It's not unusual for Franklin-based Acadia Healthcare to land a big acquisition, like yesterday's news of a nearly $1.2 billion deal for California-based CRC Health Group. The company has grown rapidly since Joey Jacobs and his team took over nearly four years ago, through a combination of smaller deals, big purchases ( like this summer's expansion into the United Kingdom), organic growth and new facilities. But the CRC deal isn't just the latest in a slew of acquisitions for the Acadia juggernaut.…
 
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    Orlando Business News - Local Orlando News | The Orlando Business Journal

  • Grand Bohemian Orlando to host visiting MLS teams

    Megan Ribbens
    30 Oct 2014 | 2:15 pm
    Downtown Orlando's Grand Bohemian hotel will soon see more fans flocking to see famous athletes. Orlando City Soccer Club announced Oct. 30 it has signed a multi-year partnership with The Kessler Collection's Grand Bohemian Hotel Orlando to serve as the official hotel for visiting teams during the soccer team's first MLS season in 2015. Financial terms of the deal were not disclosed. Under the terms of the agreement, the Grand Bohemian will provide the visiting teams with amenities such as meeting…
  • A closer look at new $30M innovation center in Lake Nona

    Anjali Fluker
    30 Oct 2014 | 1:56 pm
    Executives of Tavistock Development Co. LLC gathered today with business leaders and local government officials for the ceremonial groundbreaking of the new $30 million, 92,000-square-foot GuideWell Innovation Center in Lake Nona's Medical City. The three-story complex — slated to bring much-needed wet lab and incubator space to the 650-acre Medical City biotech hub — also is Central Florida's first multitenant building designed specifically for life sciences, health innovation and technology…
  • Chuy’s plans new eatery near Orlando International Airport

    Anjali Fluker
    30 Oct 2014 | 11:37 am
    Construction kicked off this week on Chuy's third restaurant in Central Florida, this time near Orlando International Airport. The Austin-based Tex-Mex chain's related Chuys OCPO Inc. on Oct. 15 filed a notice of commencement with Orange County, which signals the start of construction, for a new Chuy's Tex-Mex restaurant. Lewisville, Texas-based Parkway Construction & Associates LP is the project general contractor, the document showed. Chuy's — which debuted its second local eatery at International…
  • Tee time: Arnold Palmer on starting Golf Channel and what's next for the legendary golfer (Video)

    Richard Bilbao
    30 Oct 2014 | 11:32 am
    It's not every day you get to sit down with one of the most influential people in a sport. That's why when you are touring the grand opening of Golf Channel's new expansion and a media person offers you a one-on-one with Arnold Palmer, you pounce on it. Now, Palmer was on-site to tour the new 13,295-square-foot expansion that includes a 2,520-square-foot, 170-seat cafeteria — dubbed Arnie's — and a new 1,440-square-foot lobby that pays tribute to the sport of golf with murals of Palmer, a timeline…
  • Florida Hospital named founding partner of Daytona Rising project

    Cindy Barth
    30 Oct 2014 | 10:46 am
    International Speedway Corp. on Thursday announced a new multi-year partnership that makes Florida Hospital the second founding partner at Daytona International Speedway as part of the $400 million Daytona Rising project. The financial terms of the partnership were not disclosed. Beginning in January 2015, Florida Hospital will be the exclusive health care provider of Daytona International, including providing medical equipment and personnel for all events, managing the care center operations and…
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    Philadelphia Business News - Local Philadelphia News | The Philadelphia Business Journal

  • Philadelphia's museums are a global resource

    Julian Siggers
    30 Oct 2014 | 1:28 pm
    Among the many resources that put Philadelphia on the map and make it an attractive place in which to live, work, and invest are its wealth of museums— including the internationally renowned University of Pennsylvania Museum of Archaeology and Anthropology. Philadelphia's museum community already enjoys many international connections, and museum leaders understand the value of being part of the United States' first officially designated World Heritage City—a prospect that Global Philadelphia…
  • Selling Is the common thread of success

    Todd Cohen
    30 Oct 2014 | 11:56 am
    My parents and a favorite aunt used to say "reading and math are the common thread" for success — a common denominator if you will. I became a voracious reader and my math skills were pretty decent, although I could never figure out what the practical application of knowing geometry really is. Anyway, I want to propose something that is not necessarily new and will not make me the next guru of whatever. It is an overdue reinforcement of reality. The common thread — the actual behavior that…
  • Help! I'm a Philadelphia small business owner who doesn't like selling

    Lisa Peskin
    30 Oct 2014 | 11:48 am
    Dear BDU: I am a small business owner who dislikes selling yet at the same time, I realize that I need to be able to sell in order to grow my business. I struggle to understand how I can develop my business and sell to prospective customers without coming across as pushy or obnoxious. Any advice for the reluctant sales person? Rick Dear Rick: I know where you are coming from. In fact, I never thought I would end up in sales myself. Although I have now been involved with sales for over 25 years,…
  • Radnor biopharma firm raises $11M

    John George
    30 Oct 2014 | 11:45 am
    Cortendo AB, a biopharmaceutical company that has its headquarters in Sweden and operates out of Radnor, Pa., raised $11 million in a private stock sale. The financing — which is subject to approval for Cortendo's shareholders — was led by HealthCap, a European venture capital firm. Other investors included the Third Swedish National Pension Fund, Storebrand and Arctic Fund Management. As part of the proposed transaction, Cortendo plans to delist from the Oslo, Norway, exchange and pursue a…
  • What should you do when your marketing funds are limited?

    Leslie R. Wolff
    30 Oct 2014 | 11:37 am
    Here are five ways you can promote your company even when the dollars are scarce: Show Love & Respect "Every person is a jewel, worthy of love and respect." – Anonymous A proud part of my career was when I was the business and personal manager of one of the world's most famous athletes – Smokin Joe Frazier, the former World Heavyweight Boxing Champion in his later years. I was constantly amazed at the love and respect he received from his fans and it didn't take long for me to understand why…
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    Phoenix Business News - Local Phoenix News | The Business Journal of Phoenix

  • GT Advanced, Thunderbird School of Global Management report combined 900 layoffs

    Mike Sunnucks
    30 Oct 2014 | 2:57 pm
    Bankrupt Apple supplier GT Advanced Technologies, the Thunderbird School of Global Management and Kmart have reported more than 1,000 layoffs of Arizona workers. The employers have officially submitted layoff notices to the state of Arizona under federal rules. GT, which is in Chapter 11 bankruptcy and is closing an Apple supply plant in the East Valley, had already reported 727 lost jobs to the city of Mesa. Many GT workers have already been cut by the company. Apple owns the factory building.…
  • Booming with Purpose: Former Intel engineer finds new home at Arizona Talking Book Library

    Brandon Brown
    30 Oct 2014 | 2:54 pm
    Editor's note: This is the third of five articles looking at the finalists of the Booming with Purpose contest. Mary Alyce Grube always said she wanted to volunteer more, but she never had the time, as a volunteer at the Arizona Talking Book Library, she said she has never been busier. Grube, a finalist in Experience Matter's Booming with Purpose competition, got involved with library through Intel's Encore Program, a program the company offers to its retired employees that places them into nonprofit…
  • Booming with Purpose finalist uses commercial real estate experience to help nonprofits

    Brandon Brown
    30 Oct 2014 | 2:53 pm
    Editor's note: This is the second of five articles looking at the finalists of the Booming with Purpose contest. Joe Brown spent his entire career working in commercial real estate. He always believed in helping others, he even studied to be a priest at one point, but he did not think his two passions would cross. "Never in a million years did I feel that any charitable organization would have opportunities for a commercial real estate property manager," Brown said. But with the help of Experience…
  • Where has all the outrage gone? SB 1062 mostly invisible on Arizona campaign trail

    Mike Sunnucks
    30 Oct 2014 | 2:52 pm
    A few numbers have been mostly missing from this year's campaign trail — 1062. Remember when Senate Bill 1062 was a tipping point in Arizona politics and the state's conservative image? Boycott fearing business groups aligned with LGBT rights groups to rally against the controversial bill that would have given religious business owners legal leeway to deny service on moral grounds. CNN reporters chased Republican lawmakers around the State Capitol. Tourism and convention boycotts were threatened.…
  • McCain, Rubio warn Obama against immigration amnesty executive orders

    Mike Sunnucks
    30 Oct 2014 | 2:10 pm
    U.S. Sens. John McCain, Marco Rubio and Lindsey Graham have written President Barack Obama asking him not to issue new executive orders granting work permits or green cards to undocumented immigrants. The Republican trio instead want Obama to again try to get an immigration reform package through a long hesitant Congress. McCain, an Arizona Republican, has been an advocate of business-backed immigration reforms and guest worker programs for years. Obama could take some executive action on immigration…
 
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    Pittsburgh Business News - Local Pittsburgh News | The Pittsburgh Business Times

  • Meet the Best Places to Work in Western Pennsylvania winners

    Paul J. Gough
    30 Oct 2014 | 3:08 pm
    Here are the winners of the 2014 Best Places to Work in Western Pennsylvania awards, announced Thursday by the Pittsburgh Business Times. Click on the photograph to start the slideshow. You can see all the nominees here.
  • Ciminelli adds two local buildings to management portfolio

    Tim Schooley
    30 Oct 2014 | 1:51 pm
    Buffalo-based Ciminelli Real Estate Corporation, a real estate services firm that came to the market nearly five years ago based on its established relationship with First Niagara Bank, will be the new property manager for two local buildings. They are Centre Commons, a 75,000-square-foot building in the city's East End, and 730 Holiday Dr., the 131,848-square-foot building eight at Foster Plaza. Ciminelli, which operates a regional office in Bridgeville, picked up the Pittsburgh area contracts…
  • WesBanco CEO Clossin on Pittsburgh: 'We think it's a great place to be'

    Paul J. Gough
    30 Oct 2014 | 11:56 am
    Todd F. Clossin's first big acquisition since taking over as WesBanco Inc. CEO last April has the bank swinging for the fences, joining with ESB Financial Corp. to become a top 10 financial institution in the Pittsburgh region. That's quite an accomplishment for WesBanco, a regional bank based in Wheeling, W.Va., with $6.3 billion in total assets in three states. Only a few years ago it had a single branch in Pennsylvania and a loan office in Pittsburgh. It grew to be a top-20 bank in deposits in…
  • Alpha Natural CEO sees coal industry consolidation on the horizon

    Sam Kusic
    30 Oct 2014 | 11:33 am
    Coal market conditions being what they are – lousy on account of weak demand and stagnant prices – Alpha Natural Resources CEO Kevin Crutchfield said he thinks companies will begin to consolidate to survive. "It's a marketplace that screams for meaningful consolidation over the long term," he said during earnings call with analysts on Wednesday. The comment came as Virginia-based Alpha announced it is divesting itself of substantially all of its Amfire Mining subsidiary for $86 million. The…
  • Sneak Peek of the new Frick Environmental Center (Video)

    Justine Coyne
    30 Oct 2014 | 11:28 am
    Exactly 12 years to the date from when the former Frick Environmental Center was gutted by a fire, on Aug. 4 the Pittsburgh Parks Conservancy broke ground on a new center. When complete, the center — which is being constructed on the site of the original location in Frick Park — will be one of the greenest buildings in the world. The building is designed to meet both the Living Building Challenge (LBC) and LEED Platinum standards. "What's great about this new facility is that it has a 21st…
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    Portland Business News - Local Portland News | The Portland Business Journal

  • Why should big businesses advertise on podcasts? A comedian tells us so

    Erik Siemers
    30 Oct 2014 | 5:48 pm
    Each week, Graham Elwood and Chris Mancini record themselves reviewing movies. They're comedians, so it's entertaining. And they frequently invite other comedians as guests, making it funnier yet. Even better, the show — "Comedy Film Nerds"— is free, downloadable and you can listen to it whenever it suits you. If this concept is foreign to you, then let me introduce you to the podcast, a broadcasting evolution enabled by the advent of the iPod and the digital music revolution. If you, like…
  • How much is $2B? Understanding the enormity of UO's fundraising goal (Infographic)

    Matthew Kish
    30 Oct 2014 | 3:52 pm
    The University of Oregon this month announced a $2 billion fundraising effort. How much is that? If every Oregonian kicked in equally we'd each be on the hook for $500. It's also more than the annual sales of Portland General Electric Co., which provides electricity to nearly half of the state. See the below graphic for more perspective. The university is confident it will hit the goal. It already has $700 million in the bank. But it needs to raise roughly $300 million each of the next four years…
  • Going cuckoo for Portland: Tourism group clocks in with a cool (and timely) promotion (Photos)

    Cathy Cheney
    30 Oct 2014 | 2:47 pm
    Travel Portland has a promotional idea that's, well, a little bit cuckoo. The group enlisted artist Nicolas Gros to build a huge — 24 feet tall, nine-and-a-half feet wide — handcrafted cuckoo clock that aims to promote the city's charms. The project is part of Travel Portland's "Portland is Happening Now" winter promotional campaign. Contained within the clock's artistic touches are Portland cityscape sights and touches such as the Portlandia statue, a bike-riding native and a nod to beer. The…
  • Why this startup takes a chance on inexperience

    Malia Spencer
    30 Oct 2014 | 2:46 pm
    In September, OpenSesame started its latest cohort of software developer interns. For the first time, the participants are all developers who are in a career change. Typically the program is populated with college or high school interns who work after school or during the summer. For this six-month session, however, the three interns are all changing careers and have opted to learn to code. Portland is home to an array of organizations aimed at teaching people coding and potentially opening the…
  • Scenes from the PBJ's 2014 Oregon Manufacturing Awards (Photos)

    Andy Giegerich
    30 Oct 2014 | 2:44 pm
    Thursday's Oregon Manufacturing Awards, a Portland Business Journal event that drew 300 business leaders to downtown Portland's Sentinel Hotel, featured appearances from some of the smartest and most innovative companies in Oregon. The emphasis in the preceding sentence, of course, is on the word innovative. This year, we expanded our product innovation awards to include more winners and finalists than ever before. Doing so allowed us to shine a brighter spotlight on such companies as Miles Fiberglass,…
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    Raleigh Business News - Local Raleigh News | The Triangle Business Journal

  • NCSU reserachers enhance communication between humans and dogs

    Dawn Wallace
    30 Oct 2014 | 2:57 pm
    N.C. State University researchers have developed devices that are meant to enhance communication between dogs and humans by monitoring the dog's vital signs and behaviors and transmitting data from a harness. The devices – used for pet dogs, service dogs or search-and-rescue dogs – fit on a harness the dog wears, and allows humans to receive data about the dogs. Therapy dogs are often trained not to show signs of stress, and being able to receive such data could help prolong the life of the…
  • Blue Cross sends incorrect rate information to 42,000 customers

    Jason deBruyn
    30 Oct 2014 | 2:22 pm
    Some 42,000 Blue Cross and Blue Shield of North Carolina customers received a letter containing incorrect rate information, the insurer reported Thursday. The error affected only customers who are grandfathered and have a Blue Advantage health plan with a $15 co-pay for primary care office visits, according to BCBSNC, the state's largest health insurer. These are customers who buy on the individual market, meaning those who do not buy health insurance through an employer. "We're human and sometimes…
  • Cary's LORD Corp. helps Sikorsky make Army's Kiowa Warrior chopper replacement

    Dawn Wallace
    30 Oct 2014 | 1:59 pm
    Thanks to Cary's adhesive and vibration management company, LORD Corp., the U.S. Army could get a more efficient helicopter to replace the Kiowa Warrior helicopter fleet. Aircraft manufacturer Sikorsky, a subsidiary of United Technologies Corp. (NYSE: UTX), launched a program four years ago to develop a helicopter with improved performance, and LORD partnered with 53 other companies on the project. The outcome is the S-97 Raider, a helicopter with improved maneuverability, hover efficiency, hot…
  • T.MAC restaurant adjusts expansion plans, pulls out of Bradford in Cary

    Amanda Jones Hoyle
    30 Oct 2014 | 12:59 pm
    It's been nearly a month since the Triangle's first T.MAC restaurant and sports bar opened at Waverly Place in Cary, but T.MAC has had a change of heart about a second location planned in the region. Atlanta-based T.MAC had last spring committed to building a new restaurant on an outparcel near the Publix supermarket-anchored retail center at Bradford, located at the intersection of Davis Drive and High House Road in Cary. That plan, however, is no more. Jeff Furman, director of Raleigh operations…
  • NCTracks developer CSC faces health care fraud lawsuit in NY

    Jason deBruyn
    30 Oct 2014 | 12:08 pm
    Computer Sciences Corporation, the company that designed, developed and is operating the Medicaid claims payment system in North Carolina, is facing a health care fraud lawsuit brought by the U.S. attorney's office in New York. That lawsuit has no immediate impact in North Carolina, though Computer Sciences Corp. (CSC) built the system in this state – called NCTracks – using 32 percent of the code used in New York City. Initially, CSC had hoped to duplicate as much as 73 percent of the New York…
 
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    Sacramento Business News - Local Sacramento News | The Sacramento Business Journal

  • ​CalPERS prevails in judge's ruling on Stockton bankruptcy

    Allen Young
    30 Oct 2014 | 2:26 pm
    A bankruptcy judge approved a plan Thursday that will allow the city of Stockton to fully fund pension payments for public retirees while reducing payments to bond investors. The ruling by U.S. Bankruptcy Judge Christopher Klein arrives nearly a month after the same judge decided that Stockton could legally walk away from its pension obligations. City officials have maintained that cuts to pension payments will cause public employees to leave the city for areas that honor the benefits provided under…
  • Medi-Cal application backlog is reduced, but challenges remain

    Kathy Robertson
    30 Oct 2014 | 2:21 pm
    The backlog of Medi-Cal applications — which hit 900,000 in May — is down to about 172,000, state Medi-Cal chief Toby Douglas told a state Senate health committee Thursday. More than 2.7 million people have enrolled in the government health care program for the poor since October 2013, Douglas said, "but our implementation has not been without problems." The applications are stalled for a variety of reasons, Douglas said at a hearing on issues related to education, outreach and enrollment for…
  • Nimbus Winery finishing remodel, ready for tenants

    Ben van der Meer
    30 Oct 2014 | 1:30 pm
    One of the more eye-catching properties along Highway 50 in Rancho Cordova has been entirely remodeled and is on the market for a tenant. Nimbus Winery at 12401 Folsom Boulevard, which Ethan Conrad Properties acquired last spring, has gotten an overhaul inside and out, said project manager Ryan Healy. The main building on the property, 22,000 square feet, has roots going back over a century, and some parts of it were showing their age, he said. "I think everyone who came there a year ago, the…
  • Successful space launch follows spectacular launch failure

    Mark Anderson
    30 Oct 2014 | 12:31 pm
    More than a dozen Aerojet Rocketdyne components were part of a successful national security satellite launch from Cape Canaveral Air Force Station in Florida on Wednesday. The successful launch of the United Launch Alliance Atlas V rocket came a day after launch at NASA's Wallops Flight Facility in Virginia saw an Orbital Sciences Corp. (NYSE: ORB) rocket explode just off the launch pad. Aerojet Rocketdyne supplied multiple rocket motors to both missions. In the mission Wednesday, Aerojet supplied…
  • Ed Goldman: For this Rancho Cordova couple, Halloween and Hollywood merge daily

    Ed Goldman
    30 Oct 2014 | 8:45 am
    The day before and day of Halloween seem like an appropriate time to tell you about Jean Fox and Mike Fox, a remarkably creative local couple who between them and individually have serious creds as a makeup artist (Jean), inventor (Mike) and musicians (both of them). The Foxes operate their various artistic enterprises out of their Rancho Cordova home. When I visit them the other afternoon, their entryway is primed to spine-tingle some trick-or-treaters. You pull back a black curtain and come face-to-face…
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    St. Louis Business News - Local St. Louis News | The St. Louis Business Journal

  • Breach of contract suit says Bissinger’s was sold ‘to salvage the company’

    Jacob Kirn
    30 Oct 2014 | 12:54 pm
    Bissinger's, the St. Louis-based chocolatier, announced in March 2013 that Tim Fogerty would replace longtime CEO Ken Kellerhals. Fogerty was chairman of Bissinger's and founded Gateway EDI, a health care transaction processing company and one of the largest private companies in the region. What Bissinger's did not say then, and what a lawsuit filed last month alleges, is that Kellerhals sold Bissinger's assets to a firm organized by Fogerty "in an effort to salvage the company." Smith and Summa…
  • Enterprise Holdings grows revenue to nearly $18 billion

    Brian Feldt
    30 Oct 2014 | 12:38 pm
    Enterprise Holdings, the car rental giant based in Clayton, posted revenue of $17.8 billion in fiscal 2014, up significantly from the $16.4 billion the company reported in the prior fiscal year as it expanded its international operations and added new services. The privately held company — St. Louis' largest — does not disclose its profit. The results include revenue from the Enterprise Fleet Management business. Corporate business travel accounts accounted for almost $3 billion of the company's…
  • Guller group sells Earth City office building for $14 million

    Brian Feldt
    30 Oct 2014 | 12:24 pm
    A nearly 100,000-square-foot office building in Earth City sold for $14 million. The building, located at 3470 Rider Trail South, was sold by a group of local investors that includes BEB Management's Bob Guller to a Los Angeles-based real estate investment trust called Griffin Capital Essential Asset REIT. The Guller-led investor group also included Balke Brown Transwestern Principals Steve Brown and Mike Donovan. Guller said the group bought the building in June 2012 for $3.65 million and later…
  • Business Bank profit falls 12 percent in third quarter

    Greg Edwards
    30 Oct 2014 | 12:16 pm
    The Business Bank of St. Louis, which raised $10 million in capital a year ago and has improved its balance sheet, posted a 12 percent year-over-year profit decline in the third quarter, to $1 million, compared with almost $1.2 million in the same quarter of 2013. Brian Leeker, the bank's chief financial officer, attributed the decline to "timing differences between the second and third quarter." For the first nine months, the bank's net income was $3.05 million this year, compared with $3.26 million…
  • Ikea now hiring 300 for St. Louis (Video)

    Kelly Moffitt
    30 Oct 2014 | 11:18 am
    If you're so obsessed with Ikea St. Louis that you've just got to work there (or you want access to unlimited Swedish meatballs), you're in luck: Ikea St. Louis has started the hiring process. Approximately 300 positions will be available, ranging from management to sales to food service to customer service, and the store has streamlined the process for interested candidates with the help of St. Louis Agency on Training and Employment (SLATE). SLATE is a program of the City of St. Louis that offers…
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    San Antonio Business News - Local San Antonio News | The San Antonio Business Journal

  • Long-term water supply will ensure San Antonio’s economic future, EDF officials say

    James Aldridge
    30 Oct 2014 | 3:30 pm
    San Antonio Economic Development Foundation officials are applauding City Council's unanimous vote to support San Antonio Water System's Vista Ridge Pipeline plan. Chairman Steve Waters said in a statement that this agreement will help the city meet its demands for water today and in the future. The Economic Development Foundation, or EDF, has officially supported this proposal because members say that having a long-term alternative water supply to the Edwards Aquifer will only create a sustainable…
  • San Antonio Symphony receives large gift from H-E-B’s Charles Butt

    W. Scott Bailey
    30 Oct 2014 | 3:18 pm
    H-E-B Chairman and CEO Charles Butt is contributing more than $660,000 to the San Antonio Symphony over the next two years. The contribution follows a $333,333 gift Butt made to the organization for the 2013-2014 season. This brings his three-year philanthropic support to $1 million. The gift will be presented to the symphony as part of a matching campaign and comes as the orchestra moves into its new home — the Tobin Center for the Performing Arts. San Antonio Symphony Board Chairman David Kinder…
  • Accion Texas planning name change early next year

    Mike W. Thomas
    30 Oct 2014 | 2:36 pm
    Accion Texas Inc. has decided to end its affiliation with the national network that gave the organization its name back in 1994. This move will necessitate a name change for the San Antonio-based microlender, but that new name has not been decided just yet. "We are looking for a name that will better represent us in other markets that are not as Hispanic-driven and will enable us to grow," said Michael Leos, a spokesman for Accion. The nonprofit organization is working with the Atkins Group, a…
  • San Antonio leaders expected to meet with Raiders officials in Oakland

    W. Scott Bailey
    30 Oct 2014 | 1:54 pm
    Oakland Raiders fans may be losing interest in the team after its 0-7 start. However, San Antonio leaders have not cooled to the franchise, which is clearly struggling on the field and at the box office. A group of San Antonio officials are expected to visit with Raiders executives in the Bay Area next week. The contingency will include former San Antonio Mayor Henry Cisneros, who helped convince Raiders owner Mark Davis to meet with local leaders in the Alamo City in July about potential relocation…
  • Graphic design firm giving away software to wounded veterans for job-training

    Mike W. Thomas
    30 Oct 2014 | 1:50 pm
    Graphic design software company Arts & Letters has relaunched in San Antonio after spending its first 40 years in the Dallas area. The new owners of the company have rebuilt its core software, a graphic arts and design program, and plan to give away up to 50,000 copies to wounded military veterans. The software provides graphics tools and thousands of vector-based images and fonts that can be used by the veterans to develop new job skills or to launch a new business, said John Hall, CEO of the…
 
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    San Francisco Business News - Local San Francisco News | The San Francisco Business Times

  • Wireless carriers brace for data deluge at Giants' World Series victory parade

    Patrick Hoge
    30 Oct 2014 | 3:00 pm
    Wireless carriers were bracing for a massive onslaught of selfies, Tweets, videos and status updates from up to a million people expected to line the two-mile parade route Friday as San Francisco celebrates the Giants' World Series victory over the Kansas City Royals. Verizon, for one, was rolling in two COWS, or cells on wheels. The very expensive machines are designed to provide extra capacity during times of extraordinary demand, said company spokesman Ken Muche. Photos and video: Celebrations,…
  • Autodesk to invest $100 million in 3D printing ecosystem

    Patrick Hoge
    30 Oct 2014 | 2:53 pm
    Autodesk (NASDAQ: ADSK) says it will invest $100 million in 3D printing companies over the next several years in an attempt to speed up the adoption of a technology that has long promised to revolutionize how things are made. The technology, called additive manufacturing, has yet to be implemented on a wide scale. The new "Spark" fund is named after a free software platform that Autodesk introduced earlier in the year in hopes of stimulating a wave of innovation around 3D printing, which the San…
  • Apple CEO Tim Cook's disclosure he's gay likely to spur others to do same

    Mark Calvey
    30 Oct 2014 | 2:43 pm
    Apple CEO Tim Cook's public disclosure Thursday that he's gay is a big leap forward on many fronts and likely to prompt a steady parade of other prominent figures following his lead. Or at least we can hope. As Cook noted in a speech in his home state of Alabama this week, members of the LGBT community in many states still can be fired or evicted based on their sexual orientation. And yet some of the nation's most powerful members of the LGBT community remain silent, when their coming out would…
  • Ebola response: National, Calif. nurses unions to strike for better training, protection

    Chris Rauber
    30 Oct 2014 | 2:39 pm
    National Nurses United and the California Nurses Association, which together represent 185,000 RNs nationwide, are planning a "national day of action" on Nov. 12 to protest how hospitals are preparing for Ebola cases. They insist the institutions have taken inadequate steps provide training and protective equipment for medical staff, including nurses. Actions are planned in 14 U.S. states and the District of Columbia, the affiliated nurses unions said Thursday, including a two-day strike at 66…
  • Brazil study keeps Savant on wild trip to block addiction

    Ron Leuty
    30 Oct 2014 | 2:22 pm
    To bring people down from addictive highs, a small San Carlos company is on a trip of its own. The journey of Savant HWP Inc. — the "HWP" stands for health, wellness and protection — and its experimental molecule leads from Africa to Albany, but it recently took a turn for the better in Brazil. Savant's partner in Brazil wants to develop the drug into a treatment for leishmaniasis, a potentially fatal parasitic tropical disease spread by a sand fly bite. It recently completed an early-stage…
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    San Jose Business News - Local San Jose News | The Silicon Valley / San Jose Business Journal

  • Microsoft moves swiftly to launch Band wearable, jumps ahead of the Apple Watch

    30 Oct 2014 | 3:04 pm
    Microsoft today leapfrogged the Apple Watch to market by launching the Microsoft Band wearable device, which tracks activity and sleep patterns and provides alerts from smartphones. The Redmond, Washington-based company set the Microsoft Band's price at $200, which is $150 below that of the least expensive Apple Watch. The Apple Watch won't hit stores until spring. The Band is also $50 less than the Fitbit Surge, which offers similar features such as heart-rate tracking. The Microsoft Band will…
  • Renovation Row sale: ProteinSimple building flips to American Realty for big markup

    Nathan Donato-Weinstein
    30 Oct 2014 | 2:49 pm
    Remember the wave of leases a few months ago along San Jose's Renovation Row? Those buildings have now started to trade. American Realty Capital — the firm which has lost a major chunk of it's value in recent days after announcing accounting irregularities— paid about $36 million, or about $368 per square foot, earlier this month for 3001 Orchard Parkway, according to public records. That's a nice premium over the $13.5 million, or $138 per square foot, that Ridge Capital Investors and Contrarian…
  • ​5 tools for managing your social media accounts

    Samantha Owens Pyle
    30 Oct 2014 | 2:00 pm
    Developing a content marketing strategy helps your brand consistently share messaging that's timely and relevant, but that's not the only thing that's required. If your brand wants to successfully use content and social media marketing to achieve your goals, you need management to be effective. SEE ALSO: 6 steps to killer content marketing To monitor the conversations that are taking place, analyze how effectively you're engaging, and repeat (or tweak) your efforts to achieve success, here…
  • Local investor snags third building in Sunnvyale

    Nathan Donato-Weinstein
    30 Oct 2014 | 1:55 pm
    A local real estate investor who also runs a tech company is assembling a tidy little portfolio in the South Bay. Rani Properties LLC paid $3.51 million, or $195 per square foot, in recent weeks for an 18,000-square-foot industrial building at 1276 Hammerwood Ave. in Sunnyvale. The new owner plans to occupy about half the building with its business, Paciwave, which makes microwave components for military applications, the medical industry and telecommunications fields. What makes this admittedly…
  • Capriza raises $27M to mobilize desktop software

    Cromwell Schubarth
    30 Oct 2014 | 12:18 pm
    Capriza Inc. has raised $27 million in new funding to help customers migrate desktop software to mobile devices. The Palo Alto com[any led by co-founder and CEO Yuval Scarlat said the funding came from existing investors Andreessen Horowitz, Charles River Ventures, with Tenaya Capital, Harmony Partners and Allen & Co. joining as new investors. The company said it will use the money from the Series C funding to further develop technology. "The current business applications landscape is undergoing…
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    Seattle Business News - Local Seattle News | The Puget Sound Business Journal

  • Gunman reported at Boeing Everett plant, employees escorted out

    Rachel Lerman
    30 Oct 2014 | 8:41 pm
    Boeing's Everett plant is being evacuated after police received unsubstantiated reports of a man with a gun on the premises. Boeing tweeted from its official Twitter handle that the company's security and police are investigating the potential threat. "All precautions being taken until we know more," Boeing said in the tweet. Everett Police spokesman Aaron Snell told KOMO several people reported seeing a man walking with a rifle. Police said they are searching the buildings but have not seen anyone…
  • Celebrated Canlis chef Jason Franey lands at Monterey's 1833

    Glenn Drosendahl
    30 Oct 2014 | 6:06 pm
    Jason Franey, celebrated as one of the Northwest's best chefs while at Canlis in Seattle, is moving south. He has been named executive chef at Restaurant 1833 in Monterey, Calif. Brothers Mark and Brian Canlis, owners of Seattle's most decorated restaurant, have announced a nationwide search to find Franey's successor. Franey joined Canlis in 2009 after cooking under chef Daniel Humm at Eleven Madison Park, a Michelin three-star restaurant in New York City, and in 2011 was named one of Food & Wine…
  • Seattle Genetics reports $75.8M in third-quarter revenue, stock jumps 3 percent after hours

    Annie Zak
    30 Oct 2014 | 3:07 pm
    Seattle Genetics, a Bothell-based biotech company that focuses on developing cancer treatment drugs, announced encouraging third-quarter earnings today. The company announced $75.8 million in revenue, more than analysts' estimates of $66.9 million, and losses of $15.5 million. Seattle Genetics' losses are down and sales up since the last quarter. While its stock was down in normal trading for the day, it jumped more than 3 percent after hours to $36.44 per share. Seattle Genetics CEO Clay Siegall…
  • Starbucks shares drop despite jump in profit; mobile app accounts for 7 million orders per week

    Rachel Lerman
    30 Oct 2014 | 2:41 pm
    Starbucks reported revenue growth of 10 percent Thursday for the fourth quarter. But that growth didn't impress Wall Street. Shares dropped about 5 percent in after-hours trading immediately following the announcement. Profit of $587 million met analysts' expectations, compared with a loss of $1.23 billion last year. Starbucks had to pay a $2.8 billion litigation charge in the fourth quarter last year after losing a lawsuit to Kraft Foods. Revenue increased about 10 percent to $4.18 billion. Investors…
  • Investment firm buys one of Woodinville's largest warehouse campuses for $29.7M

    Marc Stiles
    30 Oct 2014 | 2:23 pm
    KBS Realty Advisors, an active investor in office properties in the Puget Sound region, took a new tactic this week with a nearly $29.7 million purchase of a warehouse property in Woodinville. KBS said it bought the five-building campus on behalf of a sovereign wealth fund. The price paid for the Park at Woodinville is $3.8 million more than what the seller, Colony Realty Partners, bought the property for nearly nine years ago, public records show. The property, which measures nearly 240,000 square…
 
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    South Florida Business News - Local South Florida News | The South Florida Business Journal

  • Mercantil Commercebank grows profits, loans flat

    Brian Bandell
    30 Oct 2014 | 1:45 pm
    Mercantil Commercebank enjoyed higher profits in the third quarter, but it failed to grow its loans. The Coral Gables-based bank, a subsidiary of Mercantil Servicios Financieros in Venezuela, earned $7.2 million, up from $6.7 million in the second quarter. Its net interest income increased to $41 million, from $37.2 million. However, the bank's $2.4 million expense to reserve for future loan losses in the third quarter was up from a $900,000 expense in the second quarter. RELATED CONTENT: Mercantil…
  • Palm Beach hotel in $27M foreclosure despite new mortgage

    Brian Bandell
    30 Oct 2014 | 1:16 pm
    The Palm House hotel in wealthy Palm Beach was targeted with a $27.5 million foreclosure lawsuit, but a new mortgage could solve its problems. KK-PB Financial, a Wellington-based company managed by polo property owner and national developer Glenn Straub, filed the lawsuit on Sept. 12 against 160 Royal Palm LLC. The borrower, a Miami-based company managed by Ryan Black, obtained the $27.47 million mortgage in March 2014, so it allegedly went bad quickly. RELATED CONTENT: Palm Beach office buildings…
  • Inside Look: 55th Annual Fort Lauderdale International Boat Show

    Mark Freerks
    30 Oct 2014 | 12:53 pm
    Inside Look: 55th Annual Fort Lauderdale International Boat Show
  • 10 tips for South Florida women entrepreneurs

    Celia Ampel
    30 Oct 2014 | 12:07 pm
    Miami entrepreneur Felecia Hatcher's business crisis didn't wait until after her daughter was born. "I'm in labor, and at the same time I'm in litigation with my investors," the founder of Feverish Gourmet Pops said Wednesday. The baby was born premature, weighing only 1.4 pounds. Hatcher was devastated with worry, but a nurse kept telling her that girls always pull through. RELATED CONTENT: Witnessing the barriers female entrepreneurs face in Africa That lesson sticks with Hatcher in her professional…
  • SEC probes Great Florida Bank’s accounting accuracy

    Brian Bandell
    30 Oct 2014 | 12:00 pm
    The Securities and Exchange Commission has launched an investigation into how Great Florida Bank valued and accounted for the repossessed Courthouse Commons office building in West Palm Beach. The questions surrounding the way Great Florida Bank valued Courthouse Commons after seizing it in bankruptcy were first raised in a 2012 feature story in the Business Journal. The bank valued Courthouse Commons at $28 million, the same amount as the loan to its client, although a handful of real estate experts…
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    Tampa Business News - Local Tampa News | The Tampa Bay Business Journal

  • Government, business leaders urge capitalizing on canal expansion

    Wade Millward
    30 Oct 2014 | 11:47 am
    With more investment, Florida can lead the Western Hemisphere in global trade, speakers preached to audience members at a Thursday symposium. Two panels, one of government officials and a later one of trade and transport executives, highlighted conditions the state can use to capitalize on the finished $5.2 billion Panama Canal expansion next year. They touted expansion projects also happening in the state to ease transportation congestion and provide a skilled workforce. Tampa Bay Business Journal…
  • Credit Suisse exec joins board of Health Insurance Innovations

    Margie Manning
    30 Oct 2014 | 11:39 am
    Robert Murley, vice chairman-senior advisor at Credit Suisse LLC, has joined the board of directors of Health Insurance Innovations Inc. Murley fills a board seat vacated by Jeffrey Eisenberg, the managing partner of investment firm Eisenberg Holdings LLC. Murley has served in a number of senior leadership roles for almost 40 years with Credit Suisse, filing with the U.S. Securities and Exchange Commission said. He also serves on the boards of Apollo Education Group Inc. (NASDAQ: APOL) and Stone…
  • ​Cigar City, wholesalers oppose growler ban lawsuit

    Wade Millward
    30 Oct 2014 | 11:39 am
    Players in the argument against Florida's ban on certain beer container sizes denounced a lawsuit filed against the state by a South Florida bar and California activist law nonprofit. The Legislature needs to decide the issue, not the courts, Florida Beer Wholesalers Association executive director Mitch Rubin said in a statement Wednesday. "The Florida Legislature has the authority to regulate alcoholic beverages, including container sizes," he said in the statement. Cigar City Brewing founder…
  • Copa Airlines CEO says biz is picking up with increased Central America flights

    Chris Wilkerson
    30 Oct 2014 | 11:39 am
    Traffic has doubled between Tampa and Panama City, Panama, since Copa Airlines began nonstop service between the two cities less than two years ago. "People travel less when there are no easy flights," Copa Airlines CEO Pedro Heilbron said on Thursday while in town to receive the annual Tony Jannus Award from the Tony Jannus Distinguished Aviation Society. "You go more often when it is easier." Copa will debut new seasonal daily flights to Panama City and back in November for the holidays. Heilbron…
  • Grow Financial plans major expansion

    Margie Manning
    30 Oct 2014 | 11:26 am
    Grow Financial Federal Credit Union is having a growth spurt. The Tampa-based credit union opened two offices in South Carolina last week and plans to open three more by year's end — two of them in South Carolina and one in Clearwater. The Clearwater office, at 2768 Gulf to Bay Blvd., is expected to open in mid-December and will feature modern architecture and the latest in new cutting-edge technology, Grow said in a statement. Some financial institutions are pulling back on new branches as…
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    Washington, D.C. Business News - Local Washington, D.C. News | The Washington Business Journal

  • If these buildings could talk - Washington's spookiest structures (Video)

    Jennifer Nycz-Conner
    30 Oct 2014 | 8:20 pm
    Staff photographer Joanne S. Lawton has shot plenty of our region's most notable buildings, from major office developments to lavish residences to historic landmarks to everything in between. Sometimes, those buildings can fall into the category of eerie or spooky, especially when you know the stories that help fill out the images. This Halloween, we asked Joanne to share some of her favorite eerie images from her more than two decades of capturing our region's newsmakers and the places in which…
  • Meet the Fastest Growing Companies of 2014

    Caitlin Burke
    30 Oct 2014 | 7:01 pm
    Any businessperson can tell you it is one thing to achieve growth in a year. It is an altogether different thing to establish it across several years. For that reason, the Washington Business Journal places strict thresholds on qualifications for the Fastest Growing Companies List to wean out anomalies and startups that may just be a flash in the pan. To qualify for this List, all companies must be headquartered in the region and maintain growth across three consecutive years. Additionally, each…
  • The Truland millions: Lawyers probe what's fair game, off the table

    Daniel J. Sernovitz
    30 Oct 2014 | 2:00 pm
    Lawyers for Truland Group Inc. CEO Robert Truland have earmarked nearly $2 million to set aside for surety XL Specialty Insurance Co. to satisfy mounting claims since his Reston-based electrical contracting company abruptly shut down in July, but there is still a significant gap between that and the $11 million he and his wife are being sued for in federal court. Now comes the challenge of how to bridge the gap between what Robert and Mary Truland pledged in case his company was no longer able to…
  • Your tax dollars at work: Gray admin seeks contractor to print booklet touting accomplishments

    Michael Neibauer
    30 Oct 2014 | 1:44 pm
    Mayor Vincent Gray is out of a job come January, but he will leave office with written evidence of his feats. The Gray administration has put out a solicitation for a contractor to produce a "detailed report of the Gray Administration Accomplishments." The contractor, per the RFP, will write, design and print 1,000 copies of a soft-cover booklet, saddle stitched, printed in soy ink and on recycled paper. The Executive Office of the Mayor, of course, will review the copy, provide edits and sign…
  • Would D.C.’s bid to boost medical tourism hurt care for D.C. residents?

    Tina Reed
    30 Oct 2014 | 12:03 pm
    On Wednesday, I told you about how the District health department wants to position D.C. as a premier destination for overseas visitors seeking specialized health care while also getting connected to city hotels, restaurants, museums and sports teams. In November, officials will announce a medical tourism program marketing D.C.'s health care and research capabilities and its entertainment attractions to visitors. There's a lot to be determined on how the District's program would work (the District…
 
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    Wichita Business News - Local Wichita News | The Wichita Business Journal

  • General aviation deliveries rise in Q3

    Daniel McCoy
    30 Oct 2014 | 3:30 pm
    Total worldwide deliveries of general aviation aircraft increased in the third quarter to 1,678, up 5.7 percent year over year. Total billings for those deliveries also increased, up 4 percent to $16 billion. According to a new report from the General Aviation Manufacturers Association, deliveries of piston aircraft and business jets increased 9.2 percent and 9.3 percent respectively year over year. Turboprop aircraft, meanwhile, declined 3.7 percent. GAMA's records show that the Wichita-based…
  • Three crash victims from Wichita, including pilot, city officials say

    30 Oct 2014 | 12:55 pm
    Ron Ryan, the retired owner and president of Ryan International Airlines, has identified the pilot killed in Thursday's plane crash as Wichitan Mark Goldstein. Ryan, who said he received permission from Goldstein's parents in Florida to release the name, says the pilot was a former air traffic controller who was working as a contract pilot. Goldstein used to fly for Ryan. City officials said late Thursday afternoon that Goldstein and two other victims of the crash were from Wichita. A fourth was…
  • The world according to George Ablah: Pay your knowledge forward

    Bill Wilson
    30 Oct 2014 | 12:50 pm
    George Ablah's deal-making résumé made him a natural resource for other Wichita and national developers. So did another one of his gifts — the ability to adeptly weave the stories of his career and turn them into teaching moments. Ablah, who died this week, taught some of Wichita's best, including Bradley Fair developer George Laham, whose latest project is the first shot at residential riverfront development downtown. Ablah taught Laham to pursue the big deal. "He was not adverse to risk…
  • Staff wearing costumes at work? Send us photos of the best

    Emily Behlmann
    30 Oct 2014 | 12:49 pm
    If your company allows employees to wear costumes at work on Halloween, we want to see the best. Send photos of employees with the creepiest, cleverest or best costumes to ICTBizJournal@gmail.com. Include only one person per photo, unless it's a group costume, in which case the group should appear in a single photo. Photos must be submitted by 10 a.m. Monday, Nov. 3. We'll post all the photos we receive on our Facebook page and let fans vote with their likes on which costume they like best. We'll…
  • Behind the scenes: Covering the Wichita airplane crash

    Bill Roy
    30 Oct 2014 | 12:47 pm
    You may wonder why the Wichita Business Journal doesn't have the usual number of stories on the Thursday afternoon edition email. The editorial staff of the WBJ has been busy working on the breaking news of the Beech King Air 200 that crashed Thursday morning near Wichita Mid Continent Airport. Here's what happens when a story like that breaks. Our first move, at just before 10 a.m., was to get the information out as quickly as possible using whatever platform we had available. These days that's…
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