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  • Former Dayton Airport director quits Milwaukee job, to return to Dayton

    National Business News - Local Business News | bizjournals
    20 Apr 2015 | 8:04 pm
    Terry Slaybaugh, former director of Dayton International Airport, has resigned as director of General Mitchell International Airport in Milwaukee after having just accepted the job in January. Milwaukee County Executive Chris Abele's office issued a statement that said Slaybaugh will be returning to Dayton and that he was leaving the new job because of family reasons, according to media reports there. In a letter of resignation, he noted that the relocation from Dayton to Milwaukee “posed significant…
  • Former Dayton Airport director quits Milwaukee job, to return to Dayton

    Business News from the Midwest - bizjournals.com
    20 Apr 2015 | 8:04 pm
    Terry Slaybaugh, former director of Dayton International Airport, has resigned as director of General Mitchell International Airport in Milwaukee after having just accepted the job in January. Milwaukee County Executive Chris Abele's office issued a statement that said Slaybaugh will be returning to Dayton and that he was leaving the new job because of family reasons, according to media reports there. In a letter of resignation, he noted that the relocation from Dayton to Milwaukee “posed significant…
  • CenturyLink buys PIE alum Orchestrate

    Bizjournals.com Northwest RSS Feed
    Malia Spencer
    20 Apr 2015 | 3:58 pm
    Database startup Orchestrate has been scooped up by telecom CenturyLink. The deal marks the latest alum of the Portland Incubator Experiment to be acquired. Terms of the deal were not disclosed. The last time we checked in with Orchestrate, which has a distributed workforce, the company employed around 15 people. Last fall, Orchestrate unveiled a slate of new features and last spring it hired well known community builder Adam DuVander to help build its developer relations. Members of the Orchestrate…
  • Photos: Hon Kachina to honor community members for service at 38th Volunteer Awards

    Business News from Southwest US - bizjournals.com
    Travis Arbon
    20 Apr 2015 | 8:00 pm
    The 38th annual Hon Kachina Volunteer Awards will honor community members who have served veterans, teachers and cancer patients, among other fields. Hon Kachina, a non-profit business and professional volunteer organization, has honored local volunteers each year since 1977. The event will be held May 9 at the Camelback Inn in Scottsdale. Honorees will receive a cash award for their organization and a hand-carved Hon Kachina doll. Click the photo to view a slideshow showing this year's honorees. Hon…
  • Williamsville-based Sovran CEO earned $2.44M in 2014

    Business News from the Northeast US - bizjournals
    Dan Miner
    20 Apr 2015 | 2:54 pm
    The chief executive officer of Sovran Self Storage earned $2.44 million in 2014, a combination of salary, stock awards, financial compensation and benefits. David Rogers, the CEO, earned $3.32 million in the previous year. The difference was mostly due to a decrease in stock awards between 2013 and 2014. Rogers compensation numbers were unveiled in Sovran’s annual proxy statement, filed recently. The company’s annual shareholders meeting will take place 9 a.m. on May 21 at its headquarters…
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    National Business News - Local Business News | bizjournals

  • Former Dayton Airport director quits Milwaukee job, to return to Dayton

    20 Apr 2015 | 8:04 pm
    Terry Slaybaugh, former director of Dayton International Airport, has resigned as director of General Mitchell International Airport in Milwaukee after having just accepted the job in January. Milwaukee County Executive Chris Abele's office issued a statement that said Slaybaugh will be returning to Dayton and that he was leaving the new job because of family reasons, according to media reports there. In a letter of resignation, he noted that the relocation from Dayton to Milwaukee “posed significant…
  • Photos: Hon Kachina to honor community members for service at 38th Volunteer Awards

    Travis Arbon
    20 Apr 2015 | 8:00 pm
    The 38th annual Hon Kachina Volunteer Awards will honor community members who have served veterans, teachers and cancer patients, among other fields. Hon Kachina, a non-profit business and professional volunteer organization, has honored local volunteers each year since 1977. The event will be held May 9 at the Camelback Inn in Scottsdale. Honorees will receive a cash award for their organization and a hand-carved Hon Kachina doll. Click the photo to view a slideshow showing this year's honorees. Hon…
  • Summer airfares to Hawaii drop, Airlines Reporting Corp. study says

    Jason Ubay
    20 Apr 2015 | 7:31 pm
    The cost of airfare to and from Hawaii destinations during the summer months has been falling, while fares to other U.S. cities have remained relatively flat, according to a study by Airlines Reporting Corp., which provides business services to travel agencies. Airlines Reporting Corp. looked at tickets sold before March 31 through its participating travel agencies for travel between Memorial Day and Labor Day, which is May 25 and Sept. 7 this year. It reported on only the top 30 U.S. destinations…
  • Report: Volvo narrows shortlist for $500M plant to S.C. and 'second state'

    Carla Caldwell
    20 Apr 2015 | 7:14 pm
    Volvo Cars has narrowed its shortlist to a site in South Carolina and a site in “another Southern state” as it prepares to invest $500 million in its first U.S. plant, according to people with knowledge of the matter, Reuters reports. Volvo U.S. spokesman Jim Nichols said the Swedish automaker hopes to make a decision "in the next few weeks," Reuters adds. The sources did not identify the second state in the running or provide additional details, the news service said. Sites previously mentioned…
  • River Ridge board OKs possible sale of 63 acres for $3.9 million

    Marty Finley
    20 Apr 2015 | 6:43 pm
    The beat goes on at River Ridge Commerce Center. At its regular meeting on Monday, the River Ridge Development Authority, which governs the 6,000-acre commerce center in Jeffersonville, authorized executive director Jerry Acy to start negotiations on three more potential land sales. The identity of all three potential buyers were undisclosed, in keeping with authority policy on pending land purchases. Here is a summary of the three possible deals: The largest negotiation concerns 40 acres near…
 
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    Business News from the Midwest - bizjournals.com

  • Former Dayton Airport director quits Milwaukee job, to return to Dayton

    20 Apr 2015 | 8:04 pm
    Terry Slaybaugh, former director of Dayton International Airport, has resigned as director of General Mitchell International Airport in Milwaukee after having just accepted the job in January. Milwaukee County Executive Chris Abele's office issued a statement that said Slaybaugh will be returning to Dayton and that he was leaving the new job because of family reasons, according to media reports there. In a letter of resignation, he noted that the relocation from Dayton to Milwaukee “posed significant…
  • Mitchell International’s new airport director resigns after just four months

    Todd Bragstad
    20 Apr 2015 | 3:30 pm
    Terry Slaybaugh said Monday he is leaving his post as airport director for General Mitchell International Airport in Milwaukee, a position he just accepted in January. In a letter of resignation, he noted that the relocation from Dayton, Ohio, to Milwaukee “posed significant challenges” to his family, which he wrote is “my top priority.” Slaybaugh had been director at Dayton’s airport since March 2011 prior to joining Mitchell International a few months ago. Milwaukee County director…
  • Excelsior Group has deal to buy West End site for office towers

    Sam Black
    20 Apr 2015 | 3:20 pm
    Fresh off its purchase of the Parkdales office complex in St. Louis Park, The Excelsior Group has reached a deal to buy a seven-acre office development in the West End mixed-use district to develop up to 700,000 square feet in two 11-story office towers. The agreement, but not the price, was disclosed on the agenda for Monday's St. Louis Park City Council meeting. Eden Prairie-based Excelsior hasn't disclosed detailed plans for the vacant land, such as who would be the general contractor, architect…
  • Historic protection approved for 3rd Ward building on development site

    Sean Ryan
    20 Apr 2015 | 3:04 pm
    A Milwaukee commission approved historic protections for a 131-year-old former tavern in the 3rd Ward that developers may try to tear down to build new apartments. The building was most recently a student union for the Milwaukee Institute of Art & Design, which sold it to local developers General Capital Group and Joseph Property Development. The two-story building is at the point where East Menomonee and East Erie streets meet. Its notable history includes surviving the 1892 that destroyed most…
  • Sen. Fitzgerald sets meeting for Wednesday on arena funding

    Rich Kirchen
    20 Apr 2015 | 3:01 pm
    Less than one week after a Marquette University Law School poll showed public opposition to the state providing $150 million in financing for a new arena in downtown Milwaukee, state Senate Majority Leader Scott Fitzgerald will convene a meeting in Madison with key players in the discussion. The meeting will include leaders from the state Legislature, the city of Milwaukee, Gov. Scott Walker’s office and the Milwaukee Bucks, Myranda Tanck, Fitzgerald’s communications director, told the Milwaukee…
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    Bizjournals.com Northwest RSS Feed

  • CenturyLink buys PIE alum Orchestrate

    Malia Spencer
    20 Apr 2015 | 3:58 pm
    Database startup Orchestrate has been scooped up by telecom CenturyLink. The deal marks the latest alum of the Portland Incubator Experiment to be acquired. Terms of the deal were not disclosed. The last time we checked in with Orchestrate, which has a distributed workforce, the company employed around 15 people. Last fall, Orchestrate unveiled a slate of new features and last spring it hired well known community builder Adam DuVander to help build its developer relations. Members of the Orchestrate…
  • 50 business leaders urge Portland City Council to approve Uber/Lyft

    Malia Spencer
    20 Apr 2015 | 2:58 pm
    Fifty members of Portland’s tech, investor, apparel and creative agency communities are backings efforts to bring companies such as Uber and Lyft to the city. Organized by Dylan Boyd, director of R/GA Ventures and new programs development, the letter notes that Portland has the fourth highest proportion of app developer jobs in the country, yet, it is the last major West Coast city to keep block these transportation options. “Portland is an innovative, progressive and forward-thinking city.…
  • Portland 'big winner' in Under Armour announcement

    Matthew Kish
    20 Apr 2015 | 2:55 pm
    Under Armour's lease of the former YMCA building just south of downtown further cements Portland's reputation as the hub of the sportswear industry. The Business Journal early Monday first reported that the Baltimore-based company will lease the nearly 70,000-square-foot former YMCA on S.W. Barbur Boulevard. The space will house some of its footwear division, which currently occupies 14,300 square feet in the Pearl District. "This move just confirms that Portland and the surrounding region are…
  • 3 real estate takeaways on Under Armour's new SW Portland building

    Andy Giegerich
    20 Apr 2015 | 2:53 pm
    Under Armour's purchase of the old YMCA facility on Southwest Barbur Boulevard, for $10 million, could have a huge effect on commercial real estate both near the site itself as well as throughout the city. We caught up with Jennifer Medak, senior vice president for brokerage for New America International — Norris, Beggs & Simpson, to find out what the deal means. Is this a good price for a) 70,0000 square feet at b) that Southwest Portland location? A “good price” is relative. This facility…
  • Developers circle Seattle high-rise development site by Amazon HQ

    Marc Stiles
    20 Apr 2015 | 2:51 pm
    Antioch University President Emeritus Al Guskin made a wise decision nearly 20 years ago when he approved the university's $3.8 million purchase of an old building that squatted on what was then the outer edge of downtown Seattle. Today Antioch's property at 2326 Sixth Ave., is next to where Amazon.com (Nasdaq: AMZN) is building a huge, four-block campus, and the appraised value of the university's Seattle real estate is now $19.4 million. A 40-story tower can be built on the three-quarters of…
 
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    Business News from Southwest US - bizjournals.com

  • Photos: Hon Kachina to honor community members for service at 38th Volunteer Awards

    Travis Arbon
    20 Apr 2015 | 8:00 pm
    The 38th annual Hon Kachina Volunteer Awards will honor community members who have served veterans, teachers and cancer patients, among other fields. Hon Kachina, a non-profit business and professional volunteer organization, has honored local volunteers each year since 1977. The event will be held May 9 at the Camelback Inn in Scottsdale. Honorees will receive a cash award for their organization and a hand-carved Hon Kachina doll. Click the photo to view a slideshow showing this year's honorees. Hon…
  • Biking barriers remain for most Phoenix-area commuters

    Travis Arbon
    20 Apr 2015 | 5:30 pm
    This week Phoenix is hosting a “Bike to Work Day” event in conjunction with Maricopa County to promote cycling as an alternative method of commuting. But is biking or walking to work feasible for the average Valley worker? According to the 2012 Urban Mobility Report, released by Texas A&M’s Transportation Mobility Institute, the Phoenix metro area has a Freeway Planning Time Index of 3.19, which means that, in general, drivers should plan for 63.9 minutes for every 20 minutes of travel time…
  • Hickenlooper puts up roadblock to $3.5 billion Colorado highway-funding bill

    Ed Sealover
    20 Apr 2015 | 5:24 pm
    Gov. John Hickenlooper’s office has cast serious doubts about a proposed $3.5 billion road-funding plan, saying he does not believe that renewing a 16-year-old bonds program is the long-term answer for Colorado’s transportation funding woes. State Sen. Randy Baumgardner, R-Hot Sulphur Springs, is expected to introduce a bill in the Legislature early this week that would extend the life of those so-called TRANS bonds (Transportation Revenue Anticipation Notes) for 20 years and would fund about…
  • Colorado urban-renewal reform battles take a twist with 2 legislative votes

    Ed Sealover
    20 Apr 2015 | 4:50 pm
    Legislators who have been debating whether urban-renewal programs need significant reform now have two such bills to choose from — one backed by Colorado cities and one supported by county governments. City and county governments have been at odds over whether cities should have to promise more of their own funds to tax-increment financing schemes aimed at providing incentive money for investment in urban renewal areas. Typically, cities will create the urban renewal area, suspend the taxes on…
  • Colorado Legislature declines to limit patient billing by out-of-network doctors

    Ed Sealover
    20 Apr 2015 | 4:46 pm
    Colorado doctors Monday scuttled an attempt in the Legislature to limit what they can charge patients not in their insurance networks — even as those same physicians promised to sit down and discuss bigger-picture insurance issues over the summer. Republicans on the Senate Business, Labor and Technology Committee voted along party lines to kill Senate Bill 259, an effort to rein in health-care costs by state Sen. Irene Aguilar, D-Denver, that had gone through several iterations in the past few…
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    Business News from the Northeast US - bizjournals

  • Williamsville-based Sovran CEO earned $2.44M in 2014

    Dan Miner
    20 Apr 2015 | 2:54 pm
    The chief executive officer of Sovran Self Storage earned $2.44 million in 2014, a combination of salary, stock awards, financial compensation and benefits. David Rogers, the CEO, earned $3.32 million in the previous year. The difference was mostly due to a decrease in stock awards between 2013 and 2014. Rogers compensation numbers were unveiled in Sovran’s annual proxy statement, filed recently. The company’s annual shareholders meeting will take place 9 a.m. on May 21 at its headquarters…
  • Bethesda Magazine acquires Bethesda Now

    Jeff Clabaugh
    20 Apr 2015 | 2:41 pm
    Bethesda Magazine has acquired local news site Bethesda Now for an undisclosed sum, and says it will merge its resources into its own online operation, Bethesda Beat. Bethesda Magazine publisher Steve Hull says Bethesda Now will stop publishing as a separate site. “By combining the resources of Bethesda Now and Bethesda Beat, we will be able to substantially increase the breadth and depth of our coverage, and the size of our readership,” Bethesda Beat quotes Hill as saying. Bethesda Beat will…
  • GSA kicks off search for the next generation of real estate brokers

    Daniel J. Sernovitz
    20 Apr 2015 | 2:24 pm
    Commercial real estate experts will have the ability to alert the federal government to changes in the market, such as when is the best time to renegotiate a lease, as the General Services Administration gears up to launch a replacement to what's now known as the National Broker Contract. The GSA, in a request for proposals posted to FedBizOpps on Monday, officially kicked off what it's calling the GSA Leasing Support Services contract. The agency, the federal government's real estate arm, has been…
  • Ballston's withering auto market: Saul Centers floats early plan for Mazda site

    Michael Neibauer
    20 Apr 2015 | 2:02 pm
    It’s not a formal proposal yet, but Saul Centers Inc. has approached Arlington County with its initial vision for a redeveloped Rosenthal Mazda dealership at the intersection of Wilson Boulevard and North Glebe Road. According to a staff report issued ahead of Monday evening’s Long Range Planning Committee meeting, the Bethesda-based Saul Centers (NYSE: BFS) is proposing to transform the Mazda site at 750 N. Glebe and the adjacent 730 N. Glebe into a 431-unit apartment building with 68,285 square…
  • UB Medical School project advances

    Tracey Drury
    20 Apr 2015 | 2:00 pm
    It’s only fitting that workers this week begin erecting steel for the University at Buffalo’s new School of Medicine and Biomedical Sciences. UB officials will hold a briefing about the project Tuesday morning on the roof of the Conventus medical office building across the street. The milestone in the $375 million medical school project comes a day after steel was delivered and a new logo unveiled for the John R. Oishei Children’s Hospital across the street. The two projects are taking shape…
 
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    Business News from Southeast US - bizjournals.com

  • Report: Volvo narrows shortlist for $500M plant to S.C. and 'second state'

    Carla Caldwell
    20 Apr 2015 | 7:14 pm
    Volvo Cars has narrowed its shortlist to a site in South Carolina and a site in “another Southern state” as it prepares to invest $500 million in its first U.S. plant, according to people with knowledge of the matter, Reuters reports. Volvo U.S. spokesman Jim Nichols said the Swedish automaker hopes to make a decision "in the next few weeks," Reuters adds. The sources did not identify the second state in the running or provide additional details, the news service said. Sites previously mentioned…
  • River Ridge board OKs possible sale of 63 acres for $3.9 million

    Marty Finley
    20 Apr 2015 | 6:43 pm
    The beat goes on at River Ridge Commerce Center. At its regular meeting on Monday, the River Ridge Development Authority, which governs the 6,000-acre commerce center in Jeffersonville, authorized executive director Jerry Acy to start negotiations on three more potential land sales. The identity of all three potential buyers were undisclosed, in keeping with authority policy on pending land purchases. Here is a summary of the three possible deals: The largest negotiation concerns 40 acres near…
  • Atlanta City Council OKs Tyler Perry deal at Fort McPherson

    Dave Williams
    20 Apr 2015 | 3:33 pm
    The Atlanta City Council signed off late Monday on a deal that would allow filmmaker Tyler Perry to turn much of Fort McPherson into a movie studio. Council members voted 11-1 to support a request by Mayor Kasim Reed to extend a $13 million line of credit, a commitment required by the U.S. Army in order to clean up 22 acres of contaminated brownfields on the site in southwest Atlanta and finalize Tyler Perry Studios' purchase of 330 acres of the 488-acre former base. Reed brought the proposal to…
  • Report: Volvo narrows shortlist for $500M plant to S.C. and 'second state'

    Carla Caldwell
    20 Apr 2015 | 2:43 pm
    Volvo Cars has narrowed its shortlist to a site in South Carolina and a site in “another Southern state” as it prepares to invest $500 million in its first U.S. plant, according to people with knowledge of the matter, Reuters reports. Volvo U.S. spokesman Jim Nichols said the Swedish automaker hopes to make a decision "in the next few weeks," Reuters adds. The sources did not identify the second state in the running or provide additional details, the news service said. Sites previously mentioned…
  • CFO: 'Restructuring' continues at IBM

    Lauren K. Ohnesorge
    20 Apr 2015 | 2:41 pm
    Restructuring continues at Research Triangle Park’s largest employer, IBM (NYSE: IBM), but the strategy is working – at least in business segments targeted as strategic growth areas. In its latest quarter, the company reported $280 million in restructuring charges and CFO Martin Schroeter said to expect the same next quarter. The sum is down, however, from the $580 million in restructuring charges reported last year, and the company reports it is starting to see the financial benefits from the…
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    Accounting News - Accounting News Headlines | Bizjournals.com

  • Former Dayton Airport director quits Milwaukee job, to return to Dayton

    20 Apr 2015 | 8:04 pm
    Terry Slaybaugh, former director of Dayton International Airport, has resigned as director of General Mitchell International Airport in Milwaukee after having just accepted the job in January. Milwaukee County Executive Chris Abele's office issued a statement that said Slaybaugh will be returning to Dayton and that he was leaving the new job because of family reasons, according to media reports there. In a letter of resignation, he noted that the relocation from Dayton to Milwaukee “posed significant…
  • Photos: Hon Kachina to honor community members for service at 38th Volunteer Awards

    Travis Arbon
    20 Apr 2015 | 8:00 pm
    The 38th annual Hon Kachina Volunteer Awards will honor community members who have served veterans, teachers and cancer patients, among other fields. Hon Kachina, a non-profit business and professional volunteer organization, has honored local volunteers each year since 1977. The event will be held May 9 at the Camelback Inn in Scottsdale. Honorees will receive a cash award for their organization and a hand-carved Hon Kachina doll. Click the photo to view a slideshow showing this year's honorees. Hon…
  • Summer airfares to Hawaii drop, Airlines Reporting Corp. study says

    Jason Ubay
    20 Apr 2015 | 7:31 pm
    The cost of airfare to and from Hawaii destinations during the summer months has been falling, while fares to other U.S. cities have remained relatively flat, according to a study by Airlines Reporting Corp., which provides business services to travel agencies. Airlines Reporting Corp. looked at tickets sold before March 31 through its participating travel agencies for travel between Memorial Day and Labor Day, which is May 25 and Sept. 7 this year. It reported on only the top 30 U.S. destinations…
  • Report: Volvo narrows shortlist for $500M plant to S.C. and 'second state'

    Carla Caldwell
    20 Apr 2015 | 7:14 pm
    Volvo Cars has narrowed its shortlist to a site in South Carolina and a site in “another Southern state” as it prepares to invest $500 million in its first U.S. plant, according to people with knowledge of the matter, Reuters reports. Volvo U.S. spokesman Jim Nichols said the Swedish automaker hopes to make a decision "in the next few weeks," Reuters adds. The sources did not identify the second state in the running or provide additional details, the news service said. Sites previously mentioned…
  • River Ridge board OKs possible sale of 63 acres for $3.9 million

    Marty Finley
    20 Apr 2015 | 6:43 pm
    The beat goes on at River Ridge Commerce Center. At its regular meeting on Monday, the River Ridge Development Authority, which governs the 6,000-acre commerce center in Jeffersonville, authorized executive director Jerry Acy to start negotiations on three more potential land sales. The identity of all three potential buyers were undisclosed, in keeping with authority policy on pending land purchases. Here is a summary of the three possible deals: The largest negotiation concerns 40 acres near…
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    Agriculture News - Agriculture News Headlines | Bizjournals.com

  • Former Dayton Airport director quits Milwaukee job, to return to Dayton

    20 Apr 2015 | 8:04 pm
    Terry Slaybaugh, former director of Dayton International Airport, has resigned as director of General Mitchell International Airport in Milwaukee after having just accepted the job in January. Milwaukee County Executive Chris Abele's office issued a statement that said Slaybaugh will be returning to Dayton and that he was leaving the new job because of family reasons, according to media reports there. In a letter of resignation, he noted that the relocation from Dayton to Milwaukee “posed significant…
  • Photos: Hon Kachina to honor community members for service at 38th Volunteer Awards

    Travis Arbon
    20 Apr 2015 | 8:00 pm
    The 38th annual Hon Kachina Volunteer Awards will honor community members who have served veterans, teachers and cancer patients, among other fields. Hon Kachina, a non-profit business and professional volunteer organization, has honored local volunteers each year since 1977. The event will be held May 9 at the Camelback Inn in Scottsdale. Honorees will receive a cash award for their organization and a hand-carved Hon Kachina doll. Click the photo to view a slideshow showing this year's honorees. Hon…
  • Summer airfares to Hawaii drop, Airlines Reporting Corp. study says

    Jason Ubay
    20 Apr 2015 | 7:31 pm
    The cost of airfare to and from Hawaii destinations during the summer months has been falling, while fares to other U.S. cities have remained relatively flat, according to a study by Airlines Reporting Corp., which provides business services to travel agencies. Airlines Reporting Corp. looked at tickets sold before March 31 through its participating travel agencies for travel between Memorial Day and Labor Day, which is May 25 and Sept. 7 this year. It reported on only the top 30 U.S. destinations…
  • Report: Volvo narrows shortlist for $500M plant to S.C. and 'second state'

    Carla Caldwell
    20 Apr 2015 | 7:14 pm
    Volvo Cars has narrowed its shortlist to a site in South Carolina and a site in “another Southern state” as it prepares to invest $500 million in its first U.S. plant, according to people with knowledge of the matter, Reuters reports. Volvo U.S. spokesman Jim Nichols said the Swedish automaker hopes to make a decision "in the next few weeks," Reuters adds. The sources did not identify the second state in the running or provide additional details, the news service said. Sites previously mentioned…
  • River Ridge board OKs possible sale of 63 acres for $3.9 million

    Marty Finley
    20 Apr 2015 | 6:43 pm
    The beat goes on at River Ridge Commerce Center. At its regular meeting on Monday, the River Ridge Development Authority, which governs the 6,000-acre commerce center in Jeffersonville, authorized executive director Jerry Acy to start negotiations on three more potential land sales. The identity of all three potential buyers were undisclosed, in keeping with authority policy on pending land purchases. Here is a summary of the three possible deals: The largest negotiation concerns 40 acres near…
 
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    Banking & Financial News - Banking & Financial News Headlines | Bizjournals.com

  • Bank of Hawaii sees gain from sales of Visa shares

    Jason Ubay
    20 Apr 2015 | 5:42 pm
    Bank of Hawaii Corp. reported a positive first quarter, with $42.4 million in profits and improvements in several categories, including a net gain of $10 million from the sale of shares in Visa Inc. Bank of Hawaii (NYSE: BOH) reported noninterest income of $52.3 million in the first quarter, a $7.5 million increase from the same quarter a year ago. It included a net gain of $10.1 million resulting from the sale of 95,000 Visa (NYSE: V) Class B shares, or 156,589 Class A equivalents. Bank of Hawaii…
  • Hawaii medical marijuana dispensaries could become reality this year

    Lorin Eleni Gill
    20 Apr 2015 | 4:41 pm
    Medical marijuana dispensaries could be open for business in Hawaii within a year — 15 years after its use was legalized in the state — if legislation proceeds this session. Hawaii is one of 23 states that have legalized use of marijuana in one form or another. But each state has its own rules that govern how marijuana may be distributed, as well as how it is produced, prescribed and used. Two bills currently before Hawaii's Legislature could authorize a dispensary system, but House Bill 321…
  • Williamsville-based Sovran CEO earned $2.44M in 2014

    Dan Miner
    20 Apr 2015 | 2:54 pm
    The chief executive officer of Sovran Self Storage earned $2.44 million in 2014, a combination of salary, stock awards, financial compensation and benefits. David Rogers, the CEO, earned $3.32 million in the previous year. The difference was mostly due to a decrease in stock awards between 2013 and 2014. Rogers compensation numbers were unveiled in Sovran’s annual proxy statement, filed recently. The company’s annual shareholders meeting will take place 9 a.m. on May 21 at its headquarters…
  • Brownback vetoes bill that would have driven Uber out of Kansas

    Austin Alonzo
    20 Apr 2015 | 2:50 pm
    Kansas Gov. Sam Brownback has vetoed a bill that may have driven Uber Technologies Inc. out of the state. On Monday, Brownback vetoed Senate Bill 117, according to an announcement from this office. “I believe this bill is premature. To overregulate or improperly regulate an emerging industry before the marketplace actors make proper arrangements is to invite more problems, not less,” Brownback said in a statement. “I believe more time, more collaboration, and more discussion will ultimately…
  • Desert Angels ranks third in nation in investment activity in 2014

    Hayley Ringle
    20 Apr 2015 | 2:45 pm
    The Desert Angels has been ranked as the third most active angel group in the nation after investing more than $6.8 million in 32 companies in 2014, according to “ The Halo Report.” The annual update of investment activity ranked the Tucson angel group, which rose from the eighth position in 2013 and ranked above angel groups in California, Texas and New York. “The Desert Angels are dedicated to supporting a diverse cross section of startups, entrepreneurs and innovations that could have…
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    Bankruptcy News - Bankruptcy News Headlines | Bizjournals.com

  • Former Dayton Airport director quits Milwaukee job, to return to Dayton

    20 Apr 2015 | 8:04 pm
    Terry Slaybaugh, former director of Dayton International Airport, has resigned as director of General Mitchell International Airport in Milwaukee after having just accepted the job in January. Milwaukee County Executive Chris Abele's office issued a statement that said Slaybaugh will be returning to Dayton and that he was leaving the new job because of family reasons, according to media reports there. In a letter of resignation, he noted that the relocation from Dayton to Milwaukee “posed significant…
  • Photos: Hon Kachina to honor community members for service at 38th Volunteer Awards

    Travis Arbon
    20 Apr 2015 | 8:00 pm
    The 38th annual Hon Kachina Volunteer Awards will honor community members who have served veterans, teachers and cancer patients, among other fields. Hon Kachina, a non-profit business and professional volunteer organization, has honored local volunteers each year since 1977. The event will be held May 9 at the Camelback Inn in Scottsdale. Honorees will receive a cash award for their organization and a hand-carved Hon Kachina doll. Click the photo to view a slideshow showing this year's honorees. Hon…
  • Summer airfares to Hawaii drop, Airlines Reporting Corp. study says

    Jason Ubay
    20 Apr 2015 | 7:31 pm
    The cost of airfare to and from Hawaii destinations during the summer months has been falling, while fares to other U.S. cities have remained relatively flat, according to a study by Airlines Reporting Corp., which provides business services to travel agencies. Airlines Reporting Corp. looked at tickets sold before March 31 through its participating travel agencies for travel between Memorial Day and Labor Day, which is May 25 and Sept. 7 this year. It reported on only the top 30 U.S. destinations…
  • Report: Volvo narrows shortlist for $500M plant to S.C. and 'second state'

    Carla Caldwell
    20 Apr 2015 | 7:14 pm
    Volvo Cars has narrowed its shortlist to a site in South Carolina and a site in “another Southern state” as it prepares to invest $500 million in its first U.S. plant, according to people with knowledge of the matter, Reuters reports. Volvo U.S. spokesman Jim Nichols said the Swedish automaker hopes to make a decision "in the next few weeks," Reuters adds. The sources did not identify the second state in the running or provide additional details, the news service said. Sites previously mentioned…
  • River Ridge board OKs possible sale of 63 acres for $3.9 million

    Marty Finley
    20 Apr 2015 | 6:43 pm
    The beat goes on at River Ridge Commerce Center. At its regular meeting on Monday, the River Ridge Development Authority, which governs the 6,000-acre commerce center in Jeffersonville, authorized executive director Jerry Acy to start negotiations on three more potential land sales. The identity of all three potential buyers were undisclosed, in keeping with authority policy on pending land purchases. Here is a summary of the three possible deals: The largest negotiation concerns 40 acres near…
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    Commercial Real Estate Industry News Headlines | Bizjournals.com

  • River Ridge board OKs possible sale of 63 acres for $3.9 million

    Marty Finley
    20 Apr 2015 | 6:43 pm
    The beat goes on at River Ridge Commerce Center. At its regular meeting on Monday, the River Ridge Development Authority, which governs the 6,000-acre commerce center in Jeffersonville, authorized executive director Jerry Acy to start negotiations on three more potential land sales. The identity of all three potential buyers were undisclosed, in keeping with authority policy on pending land purchases. Here is a summary of the three possible deals: The largest negotiation concerns 40 acres near…
  • Developer breaks ground on redevelopment in Honolulu's Kalihi neighborhood: Slideshow

    Duane Shimogawa
    20 Apr 2015 | 6:00 pm
    The California developer of a 26-home redevelopment project in Honolulu's Kalihi neighborhood broke ground on the project Monday at the site, which was once marketed as a location for a 22-story high-rise condominium. The project includes a total of 26 units, including 16 new single-family homes and five duplexes, with prices ranging from $425,000 to $725,000. Gregory Owen, founder and CEO of Vacaville, California-based Blue Mountain Homes LLC, told PBN Monday after the groundbreaking of the firm’s…
  • Colorado urban-renewal reform battles take a twist with 2 legislative votes

    Ed Sealover
    20 Apr 2015 | 4:50 pm
    Legislators who have been debating whether urban-renewal programs need significant reform now have two such bills to choose from — one backed by Colorado cities and one supported by county governments. City and county governments have been at odds over whether cities should have to promise more of their own funds to tax-increment financing schemes aimed at providing incentive money for investment in urban renewal areas. Typically, cities will create the urban renewal area, suspend the taxes on…
  • Toyota doubles size of headquarters in Plano, adds demo track

    Bill Hethcock
    20 Apr 2015 | 4:05 pm
    The new Toyota North American headquarters in Plano has grown to more than 2.1 million square feet — about twice the size initially proposed, according to plans the automaker submitted to the city. A Toyota spokesman confirmed that the campus “will likely be larger than originally reported.” “We continue to make great progress on our relocation efforts,” said a statement released Monday by spokesman Javier Moreno. “While we are still in the planning stage and no final decisions have…
  • Excelsior Group has deal to buy West End site for office towers

    Sam Black
    20 Apr 2015 | 3:20 pm
    Fresh off its purchase of the Parkdales office complex in St. Louis Park, The Excelsior Group has reached a deal to buy a seven-acre office development in the West End mixed-use district to develop up to 700,000 square feet in two 11-story office towers. The agreement, but not the price, was disclosed on the agenda for Monday's St. Louis Park City Council meeting. Eden Prairie-based Excelsior hasn't disclosed detailed plans for the vacant land, such as who would be the general contractor, architect…
 
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    Economic Snapshot News - Economic Snapshot News Headlines | Bizjournals.com

  • Former Dayton Airport director quits Milwaukee job, to return to Dayton

    20 Apr 2015 | 8:04 pm
    Terry Slaybaugh, former director of Dayton International Airport, has resigned as director of General Mitchell International Airport in Milwaukee after having just accepted the job in January. Milwaukee County Executive Chris Abele's office issued a statement that said Slaybaugh will be returning to Dayton and that he was leaving the new job because of family reasons, according to media reports there. In a letter of resignation, he noted that the relocation from Dayton to Milwaukee “posed significant…
  • Photos: Hon Kachina to honor community members for service at 38th Volunteer Awards

    Travis Arbon
    20 Apr 2015 | 8:00 pm
    The 38th annual Hon Kachina Volunteer Awards will honor community members who have served veterans, teachers and cancer patients, among other fields. Hon Kachina, a non-profit business and professional volunteer organization, has honored local volunteers each year since 1977. The event will be held May 9 at the Camelback Inn in Scottsdale. Honorees will receive a cash award for their organization and a hand-carved Hon Kachina doll. Click the photo to view a slideshow showing this year's honorees. Hon…
  • Summer airfares to Hawaii drop, Airlines Reporting Corp. study says

    Jason Ubay
    20 Apr 2015 | 7:31 pm
    The cost of airfare to and from Hawaii destinations during the summer months has been falling, while fares to other U.S. cities have remained relatively flat, according to a study by Airlines Reporting Corp., which provides business services to travel agencies. Airlines Reporting Corp. looked at tickets sold before March 31 through its participating travel agencies for travel between Memorial Day and Labor Day, which is May 25 and Sept. 7 this year. It reported on only the top 30 U.S. destinations…
  • Report: Volvo narrows shortlist for $500M plant to S.C. and 'second state'

    Carla Caldwell
    20 Apr 2015 | 7:14 pm
    Volvo Cars has narrowed its shortlist to a site in South Carolina and a site in “another Southern state” as it prepares to invest $500 million in its first U.S. plant, according to people with knowledge of the matter, Reuters reports. Volvo U.S. spokesman Jim Nichols said the Swedish automaker hopes to make a decision "in the next few weeks," Reuters adds. The sources did not identify the second state in the running or provide additional details, the news service said. Sites previously mentioned…
  • River Ridge board OKs possible sale of 63 acres for $3.9 million

    Marty Finley
    20 Apr 2015 | 6:43 pm
    The beat goes on at River Ridge Commerce Center. At its regular meeting on Monday, the River Ridge Development Authority, which governs the 6,000-acre commerce center in Jeffersonville, authorized executive director Jerry Acy to start negotiations on three more potential land sales. The identity of all three potential buyers were undisclosed, in keeping with authority policy on pending land purchases. Here is a summary of the three possible deals: The largest negotiation concerns 40 acres near…
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    Education News - Education News Headlines | Bizjournals.com

  • Hit with complaint, luxury bus operator puts back wheelchair ramp

    Patrick Hoge
    20 Apr 2015 | 2:59 pm
    Leap, the venture-backed startup offering a swank new private commuter bus service from the Marina to downtown, is promising to restore a wheelchair operating ramp after a complaint was filed against the company. "As a short-term solution, we are removing seats from one of our buses that still has a working ramp to make room for disabled commuters. In the future, these considerations will be a high priority during our design process. We're sorry to anyone we've offended and we hope to do a better…
  • Exclusive: Monterey Bay Aquarium topped 2M visitors in 2014 — here's how the staff pulls it off (Photos)

    Words: Philip Beadle / Photos: Vicki Thompson
    20 Apr 2015 | 2:36 pm
    The Monterey Bay Aquarium attracted 2,066,177 visitors in 2014, the year that marked the aquarium’s 30th anniversary as an economic and educational force on Silicon Valley’s southern fringe. Click on the image to the right for a photo gallery that shows you what it’s like to work at the aquarium. The four-percent increase in visits to the aquarium’s exhibits of otters, cuttlefish and all things aquatic made the Monterey institution the top destination among aquariums in the United States,…
  • Exclusive: Monterey Bay Aquarium topped 2M visitors in 2014 — here's how the staff pulls it off (Photos)

    Words: Philip Beadle / Photos: Vicki Thompson
    20 Apr 2015 | 2:25 pm
    The Monterey Bay Aquarium attracted 2,066,177 visitors in 2014, the year that marked the aquarium’s 30th anniversary as an economic and educational force on Silicon Valley’s southern fringe. Click on the image to the right for a photo gallery that shows you what it’s like to work at the aquarium. The four-percent increase in visits to the aquarium’s exhibits of otters, cuttlefish and all things aquatic made the Monterey institution the top destination among aquariums in the United States,…
  • Faced with 'salary crisis' N.C. community colleges seek to restore $59M in state funding

    Katie Arcieri
    20 Apr 2015 | 2:13 pm
    Community colleges across North Carolina are lobbying N.C. legislators to restore $59 million of state funding over two years in a move to help boost faculty and staff salaries. The effort to undo "management flexibility cuts" comes as many community colleges are suffering from a shortage of talent and difficulty retaining high-performing instructors — a result of the rebounding economy and growing number of available jobs. College officials say more state funding is needed to retain the workers…
  • NYT's Kristof on deworming, giant rats and talking to your kids

    Elizabeth Hayes
    20 Apr 2015 | 1:57 pm
    New York Times columnist Nicholas Kristof has traveled the world highlighting issues of global poverty, social injustice, human trafficking and monster rats. Today, he returned to his native Oregon — “God’s country,” as he called it — to deliver the fifth annual Kathryn Robertson Memorial Lecture in Global Health at Oregon Health & Science University. Scroll down and take our poll. With an arsenal of powerful human stories and a sprinkling of data, Kristof argued for evidence-based…
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    Energy & the Environment News - Energy News Headlines | Bizjournals.com

  • Hickenlooper puts up roadblock to $3.5 billion Colorado highway-funding bill

    Ed Sealover
    20 Apr 2015 | 5:24 pm
    Gov. John Hickenlooper’s office has cast serious doubts about a proposed $3.5 billion road-funding plan, saying he does not believe that renewing a 16-year-old bonds program is the long-term answer for Colorado’s transportation funding woes. State Sen. Randy Baumgardner, R-Hot Sulphur Springs, is expected to introduce a bill in the Legislature early this week that would extend the life of those so-called TRANS bonds (Transportation Revenue Anticipation Notes) for 20 years and would fund about…
  • Hawaii-based Hoku's $700M Idaho plant being sold piece-by-piece

    Duane Shimogawa
    20 Apr 2015 | 5:00 pm
    An unfinished $700 million solar panel materials plant in Idaho that once belonged to Hawaii-based Hoku Corp. but was taken over by the Washington state contractor that built it, is being sold off piece-by-piece, the supervisor of the project for JH Kelly LLC told PBN Monday. In December 2013, JH Kelly placed the highest bid— $8.3 million — for the failed Hoku Materials polysilicon plant, following a U.S. bankruptcy hearing. That event was the latest update following a series of unfortunate…
  • Linn Energy is shutting its Denver office, cutting 52 jobs

    Cathy Proctor
    20 Apr 2015 | 4:31 pm
    Linn Energy LLC, a Houston-based oil and gas company, has notified the state it will shut down its Denver office and eliminate 52 jobs as of June 15, according to the Colorado Department of Labor and Employment. About 20 employees were offered the chance to relocate to another Linn office, according to CDLE. Company officials couldn't be reached for comment late Monday. Linn (Nasdaq: LINE) finished its $4.9 billion merger with Denver-based Berry Petroleum Corp. in December 2013. Linn currently…
  • Future of oil-and-gas industry in Texas is uncertain, economist says

    Thomas Tunstall
    20 Apr 2015 | 3:00 pm
    Since the recent drop in oil prices from $100 per barrel to around $50 per barrel, predictions about where prices are going have been all over the board. Estimates have been as low as $20 per barrel and as high as $200 per barrel. That’s quite a wide range. What’s interesting is that until the recent plunge in prices, it had become quite fashionable to claim that oil prices would never fall below $100 per barrel. Now in some quarters, there is talk that oil may never reach $100 per barrel again.…
  • Company selling mini-refinery technology for natural gas

    Mark Anderson
    20 Apr 2015 | 2:08 pm
    Sacramento-based Greyrock Energy has moved from proving its technology to selling its systems. The company developed technology that allows relatively small refining plants to convert natural gas into diesel fuel, which means more fuel is saved and greenhouse gases are reduced. Small is a relative term. The Greyrock system requires nearly two acres of land, but it replicates the process of otherwise massive refineries that sprawl over a hundred acres. The 2006 startup developed its technology…
 
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    Green News - Green News Headlines | Bizjournals.com

  • Linn Energy is shutting its Denver office, cutting 52 jobs

    Cathy Proctor
    20 Apr 2015 | 4:31 pm
    Linn Energy LLC, a Houston-based oil and gas company, has notified the state it will shut down its Denver office and eliminate 52 jobs as of June 15, according to the Colorado Department of Labor and Employment. About 20 employees were offered the chance to relocate to another Linn office, according to CDLE. Company officials couldn't be reached for comment late Monday. Linn (Nasdaq: LINE) finished its $4.9 billion merger with Denver-based Berry Petroleum Corp. in December 2013. Linn currently…
  • Company selling mini-refinery technology for natural gas

    Mark Anderson
    20 Apr 2015 | 2:08 pm
    Sacramento-based Greyrock Energy has moved from proving its technology to selling its systems. The company developed technology that allows relatively small refining plants to convert natural gas into diesel fuel, which means more fuel is saved and greenhouse gases are reduced. Small is a relative term. The Greyrock system requires nearly two acres of land, but it replicates the process of otherwise massive refineries that sprawl over a hundred acres. The 2006 startup developed its technology…
  • Gevo, Colorado biofuels maker, plans 1-for-15 reverse stock split

    Cathy Proctor
    20 Apr 2015 | 1:55 pm
    Colorado biofuels company Gevo Inc. said Monday it will initiate a 1-for-15 reverse stock split effective as of the close of business, with trading resuming on Tuesday on the new, split-adjusted basis. Shares of Gevo (Nasdaq: GEVO) closed at 17 cents Monday and have traded under $1 a share since the middle of May 2014. The move was approved by the company’s stockholders as a special meeting on April 13, the Douglas County-based company said. The reverse stock split will cut the number of outstanding…
  • Driller Patterson-UTI to pay $14.5 million to settle EEOC discrimination suit, other claims

    Cathy Proctor
    20 Apr 2015 | 1:16 pm
    A federal judge in Denver has signed off on an agreement under which Patterson-UTI Drilling Co. LLC, a North American oil and gas drilling company, will pay $14.5 million to settle a federal lawsuit alleging a pattern of discrimination on its drilling rigs. The suit was filed by the U.S. Equal Employment Opportunity Commission. The settlement also will resolve several other cases via conciliation agreements, the EEOC said Monday. The company is a subsidiary of Houston-based Patterson-UTI Energy…
  • While natural gas wells rise in Marcellus Shale country, DEP finds methane and CO levels drop

    Sam Kusic
    20 Apr 2015 | 11:12 am
    The number of wells and midstream facilities reporting air pollution emissions to the state Department of Environmental Protection increased in 2013, but the amount of methane and carbon monoxide they produced decreased. The DEP released its annual air emissions inventory on Monday, showing the number of facilities reporting emissions increased by 18 percent, but the tons of methane they produced dropped by about 13 percent. The tons of carbon monoxide also dropped 10 percent. However, emissions…
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    Health Care News - Health Care News Headlines | Bizjournals.com

  • Photos: Hon Kachina to honor community members for service at 38th Volunteer Awards

    Travis Arbon
    20 Apr 2015 | 8:00 pm
    The 38th annual Hon Kachina Volunteer Awards will honor community members who have served veterans, teachers and cancer patients, among other fields. Hon Kachina, a non-profit business and professional volunteer organization, has honored local volunteers each year since 1977. The event will be held May 9 at the Camelback Inn in Scottsdale. Honorees will receive a cash award for their organization and a hand-carved Hon Kachina doll. Click the photo to view a slideshow showing this year's honorees. Hon…
  • Colorado urban-renewal reform battles take a twist with 2 legislative votes

    Ed Sealover
    20 Apr 2015 | 4:50 pm
    Legislators who have been debating whether urban-renewal programs need significant reform now have two such bills to choose from — one backed by Colorado cities and one supported by county governments. City and county governments have been at odds over whether cities should have to promise more of their own funds to tax-increment financing schemes aimed at providing incentive money for investment in urban renewal areas. Typically, cities will create the urban renewal area, suspend the taxes on…
  • Colorado Legislature declines to limit patient billing by out-of-network doctors

    Ed Sealover
    20 Apr 2015 | 4:46 pm
    Colorado doctors Monday scuttled an attempt in the Legislature to limit what they can charge patients not in their insurance networks — even as those same physicians promised to sit down and discuss bigger-picture insurance issues over the summer. Republicans on the Senate Business, Labor and Technology Committee voted along party lines to kill Senate Bill 259, an effort to rein in health-care costs by state Sen. Irene Aguilar, D-Denver, that had gone through several iterations in the past few…
  • Hawaii medical marijuana dispensaries could become reality this year

    Lorin Eleni Gill
    20 Apr 2015 | 4:41 pm
    Medical marijuana dispensaries could be open for business in Hawaii within a year — 15 years after its use was legalized in the state — if legislation proceeds this session. Hawaii is one of 23 states that have legalized use of marijuana in one form or another. But each state has its own rules that govern how marijuana may be distributed, as well as how it is produced, prescribed and used. Two bills currently before Hawaii's Legislature could authorize a dispensary system, but House Bill 321…
  • Two Banner facilities included on list of 100 great hospitals

    Tim Gallen
    20 Apr 2015 | 3:46 pm
    Two Banner Health hospitals are among the 100 greatest in America, according to a new list from Becker's Hospital Review. Banner – University Medical Center Tucson and Banner – University Medical Center Phoenix both were included on the list, which published April 20. The medical facilities are part of Phoenix-based Banner's newly formed University Medicine division. Last month, Banner entered into a 30-year academic affiliation deal with the University of Arizona to become the primary clinical…
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    Human Resources News - Human Resources News Headlines | Bizjournals.com

  • Former Dayton Airport director quits Milwaukee job, to return to Dayton

    20 Apr 2015 | 8:04 pm
    Terry Slaybaugh, former director of Dayton International Airport, has resigned as director of General Mitchell International Airport in Milwaukee after having just accepted the job in January. Milwaukee County Executive Chris Abele's office issued a statement that said Slaybaugh will be returning to Dayton and that he was leaving the new job because of family reasons, according to media reports there. In a letter of resignation, he noted that the relocation from Dayton to Milwaukee “posed significant…
  • Disgruntled employees, WikiLeaks and the Avon lady are on the minds of our women to watch this week

    Hilary Burns
    20 Apr 2015 | 6:30 pm
    Paula Schneider: Once again, the new CEO of American Apparel makes our list. This time, it’s because a group of former employees is suing the retailer in a class-action lawsuit, alleging the company acted unlawfully when it laid off 180 factory workers earlier this month. The suit was filed by L.A.-based attorney Keith Fink — the attorney representing ousted founder Dov Charney. The claim states that the company violated the Worker Adjustment and Retraining Notification (WARN) laws when it fired…
  • Biking barriers remain for most Phoenix-area commuters

    Travis Arbon
    20 Apr 2015 | 5:30 pm
    This week Phoenix is hosting a “Bike to Work Day” event in conjunction with Maricopa County to promote cycling as an alternative method of commuting. But is biking or walking to work feasible for the average Valley worker? According to the 2012 Urban Mobility Report, released by Texas A&M’s Transportation Mobility Institute, the Phoenix metro area has a Freeway Planning Time Index of 3.19, which means that, in general, drivers should plan for 63.9 minutes for every 20 minutes of travel time…
  • Linn Energy is shutting its Denver office, cutting 52 jobs

    Cathy Proctor
    20 Apr 2015 | 4:31 pm
    Linn Energy LLC, a Houston-based oil and gas company, has notified the state it will shut down its Denver office and eliminate 52 jobs as of June 15, according to the Colorado Department of Labor and Employment. About 20 employees were offered the chance to relocate to another Linn office, according to CDLE. Company officials couldn't be reached for comment late Monday. Linn (Nasdaq: LINE) finished its $4.9 billion merger with Denver-based Berry Petroleum Corp. in December 2013. Linn currently…
  • Hawaii unemployment rate declines to 4.1% in March

    20 Apr 2015 | 4:27 pm
    Hawaii’s seasonally adjusted unemployment rate for March declined to 4.1 percent, from 4.6 percent in March 2014, the state Department of Labor and Industrial Relations said Monday. The seaonally adjusted jobless rate for March was unchanged from the previous two months, state labor officials said. The national unemployment rate in March was 5.5 percent, compared to 6.6 percent in March 2014. The state’s labor force grew to 675,750 in March, a 1.5 percent increase from 665,450 in March 2014.…
 
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    Insurance News - Insurance News Headlines | Bizjournals.com

  • Colorado Legislature declines to limit patient billing by out-of-network doctors

    Ed Sealover
    20 Apr 2015 | 4:46 pm
    Colorado doctors Monday scuttled an attempt in the Legislature to limit what they can charge patients not in their insurance networks — even as those same physicians promised to sit down and discuss bigger-picture insurance issues over the summer. Republicans on the Senate Business, Labor and Technology Committee voted along party lines to kill Senate Bill 259, an effort to rein in health-care costs by state Sen. Irene Aguilar, D-Denver, that had gone through several iterations in the past few…
  • Brownback vetoes bill that would have driven Uber out of Kansas

    Austin Alonzo
    20 Apr 2015 | 2:50 pm
    Kansas Gov. Sam Brownback has vetoed a bill that may have driven Uber Technologies Inc. out of the state. On Monday, Brownback vetoed Senate Bill 117, according to an announcement from this office. “I believe this bill is premature. To overregulate or improperly regulate an emerging industry before the marketplace actors make proper arrangements is to invite more problems, not less,” Brownback said in a statement. “I believe more time, more collaboration, and more discussion will ultimately…
  • Futures trader arrested on golf course, charged with securities fraud

    Monica Mendoza
    20 Apr 2015 | 2:18 pm
    Futures trader Robert Scott Wiens was arrested on a golf course in Broomfield after a Colorado statewide grand jury indicted him on charges of securities fraud, theft and forgery. Colorado Attorney General Cynthia Coffman announced Monday that Wiens, 52, was arrested after the 19-count indictment was handed down. The indictment alleges that Wiens was a futures trader who promoted an investment opportunity in a boutique proprietary trading operation, RXM Holdings Ltd. Wiens, the director of RXM…
  • Bloomberg wins Pulitizer for shedding light on tax inversions

    Ben Fischer
    20 Apr 2015 | 1:50 pm
    An extensive series on corporations moving overseas to avoid American taxes won Bloomberg News its first Pulitzer Prize on Monday. Bloomberg reporter Zachary Miller wrote 10 lengthy articles during the course of 2014 that shed light on so-called "corporate tax inversions," a deceivingly simple ploy to alter a company's headquarters address to a location in a lower-tax foreign market. The series triggered an outburst of attempted legislation in Congress, and also led the Obama administration to…
  • A new study reveals the top 10 small business insurance claims

    Brandon Brown
    20 Apr 2015 | 1:47 pm
    Burglary, water damage and fire are the three most common insurance claims made by small businesses in the Western U.S., according to a new study. For the last five years, the Hartford (NYSE:HIG), a Connecticut-based insurance company, has been studying the top property and liability claims made by small businesses. Burglary and theft is most common, happening to 30 percent of small businesses in the West, which includes Arizona, and 20 percent of small businesses across the entire nation. The…
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    Legal Services News - Legal Services News Headlines | Bizjournals.com

  • SEC's regional director to leave Fort Worth office

    Paul O'Donnell
    20 Apr 2015 | 3:24 pm
    David Woodcock, regional director of the U.S. Securities and Exchange Commission's Fort Worth office, is leaving the regulatory agency later this spring. The SEC announced Woodcock's departure in a statement Monday afternoon, although it did not specify why he's leaving. Woodcock took over the 125-employee regional office overseeing SEC activities in Texas, Oklahoma, Arkansas and Kansas in 2011. His appointment came after the Fort Worth office faced criticism from Congress for missing clues that…
  • Cardinal Health agrees to $27M fine, settles monopoly charges in 25 markets — including Charlotte

    Jason deBruyn
    20 Apr 2015 | 2:24 pm
    Cardinal Health Inc. (NYSE:CAH) has agreed to pay $26.8 million to resolve charges brought by the Federal Trade Commission that it illegally monopolized 25 markets — including Charlotte, Raleigh and Greensboro — for the sale and distribution of certain pharmaceuticals and forced hospitals and clinics to pay inflated prices for these drugs. This is the second-largest monetary settlement the FTC has obtained in an antitrust case. The money will be deposited into a fund for distribution to injured…
  • Futures trader arrested on golf course, charged with securities fraud

    Monica Mendoza
    20 Apr 2015 | 2:18 pm
    Futures trader Robert Scott Wiens was arrested on a golf course in Broomfield after a Colorado statewide grand jury indicted him on charges of securities fraud, theft and forgery. Colorado Attorney General Cynthia Coffman announced Monday that Wiens, 52, was arrested after the 19-count indictment was handed down. The indictment alleges that Wiens was a futures trader who promoted an investment opportunity in a boutique proprietary trading operation, RXM Holdings Ltd. Wiens, the director of RXM…
  • Driller Patterson-UTI to pay $14.5 million to settle EEOC discrimination suit, other claims

    Cathy Proctor
    20 Apr 2015 | 1:16 pm
    A federal judge in Denver has signed off on an agreement under which Patterson-UTI Drilling Co. LLC, a North American oil and gas drilling company, will pay $14.5 million to settle a federal lawsuit alleging a pattern of discrimination on its drilling rigs. The suit was filed by the U.S. Equal Employment Opportunity Commission. The settlement also will resolve several other cases via conciliation agreements, the EEOC said Monday. The company is a subsidiary of Houston-based Patterson-UTI Energy…
  • Hearing starts in SEC fraud case against Laurie Bebo

    Rich Kirchen
    20 Apr 2015 | 12:52 pm
    After former Assisted Living Concepts Inc. CEO Laurie Bebo failed in her efforts to block a U.S. Securities and Exchange Commission fraud case against her, an administrative law hearing started Monday in Milwaukee. Bebo appeared at the hearing with her attorneys from Reinhart Boerner Van Dueren SC, Milwaukee. Also at the federal courthouse in downtown Milwaukee were four attorneys from the SEC and administrative law judge Cameron Elliot. Monday’s hearing started with procedural matters as Elliot…
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    Logistics & Transportation News - Logistics & Transportation News Headlines | Bizjournals.com

  • Hickenlooper puts up roadblock to $3.5 billion Colorado highway-funding bill

    Ed Sealover
    20 Apr 2015 | 5:24 pm
    Gov. John Hickenlooper’s office has cast serious doubts about a proposed $3.5 billion road-funding plan, saying he does not believe that renewing a 16-year-old bonds program is the long-term answer for Colorado’s transportation funding woes. State Sen. Randy Baumgardner, R-Hot Sulphur Springs, is expected to introduce a bill in the Legislature early this week that would extend the life of those so-called TRANS bonds (Transportation Revenue Anticipation Notes) for 20 years and would fund about…
  • Mitchell International’s new airport director resigns after just four months

    Todd Bragstad
    20 Apr 2015 | 3:30 pm
    Terry Slaybaugh said Monday he is leaving his post as airport director for General Mitchell International Airport in Milwaukee, a position he just accepted in January. In a letter of resignation, he noted that the relocation from Dayton, Ohio, to Milwaukee “posed significant challenges” to his family, which he wrote is “my top priority.” Slaybaugh had been director at Dayton’s airport since March 2011 prior to joining Mitchell International a few months ago. Milwaukee County director…
  • Brownback vetoes bill that would have driven Uber out of Kansas

    Austin Alonzo
    20 Apr 2015 | 2:50 pm
    Kansas Gov. Sam Brownback has vetoed a bill that may have driven Uber Technologies Inc. out of the state. On Monday, Brownback vetoed Senate Bill 117, according to an announcement from this office. “I believe this bill is premature. To overregulate or improperly regulate an emerging industry before the marketplace actors make proper arrangements is to invite more problems, not less,” Brownback said in a statement. “I believe more time, more collaboration, and more discussion will ultimately…
  • Despite new law, Uber still picking up in KC; State legislation updates

    Austin Alonzo
    20 Apr 2015 | 12:58 pm
    Kansas City's new for-hire transportation ordinance is now in effect, but plenty of questions remain about the future of ride-hailing companies in Kansas City, as well as the states of Kansas and Missouri. Uber On Sunday, an ordinance reforming the city's laws concerning taxicab, livery and ride-hailing companies passed by the Kansas City Council became the city's law. San Francisco-based Uber Technologies Inc. said those laws would "effectively eliminate" the ride-hailing industry in Kansas City.…
  • ​Have your say: Will Cincinnati’s streetcar run late into the evening?

    Chris Wetterich
    20 Apr 2015 | 12:02 pm
    The region’s largest transit agency will hear feedback tonight and April 27 on the proposed streetcar fare and hours of operation. Tonight’s meeting is from 6 to 8 p.m. at the Public Library of Cincinnati and Hamilton County's downtown branch, while the April 27 meeting is at 11 a.m. at the Over-the-Rhine Recreation Center. Southwest Ohio Regional Transit Authority is required to hold the meetings under federal law to ensure that the fares and hours for the new form of public transit are not…
 
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    Manufacturing News - Manufacturing News Headlines | Bizjournals.com

  • Report: Volvo narrows shortlist for $500M plant to S.C. and 'second state'

    Carla Caldwell
    20 Apr 2015 | 7:14 pm
    Volvo Cars has narrowed its shortlist to a site in South Carolina and a site in “another Southern state” as it prepares to invest $500 million in its first U.S. plant, according to people with knowledge of the matter, Reuters reports. Volvo U.S. spokesman Jim Nichols said the Swedish automaker hopes to make a decision "in the next few weeks," Reuters adds. The sources did not identify the second state in the running or provide additional details, the news service said. Sites previously mentioned…
  • Hawaii-based Hoku's $700M Idaho plant being sold piece-by-piece

    Duane Shimogawa
    20 Apr 2015 | 5:00 pm
    An unfinished $700 million solar panel materials plant in Idaho that once belonged to Hawaii-based Hoku Corp. but was taken over by the Washington state contractor that built it, is being sold off piece-by-piece, the supervisor of the project for JH Kelly LLC told PBN Monday. In December 2013, JH Kelly placed the highest bid— $8.3 million — for the failed Hoku Materials polysilicon plant, following a U.S. bankruptcy hearing. That event was the latest update following a series of unfortunate…
  • Report: Volvo narrows shortlist for $500M plant to S.C. and 'second state'

    Carla Caldwell
    20 Apr 2015 | 2:43 pm
    Volvo Cars has narrowed its shortlist to a site in South Carolina and a site in “another Southern state” as it prepares to invest $500 million in its first U.S. plant, according to people with knowledge of the matter, Reuters reports. Volvo U.S. spokesman Jim Nichols said the Swedish automaker hopes to make a decision "in the next few weeks," Reuters adds. The sources did not identify the second state in the running or provide additional details, the news service said. Sites previously mentioned…
  • Rice Business Plan finalist looks for Houston manufacturing space

    Joe Martin
    20 Apr 2015 | 2:33 pm
    DexMat Inc., a company out of Rice University, is ready to leave the nest. Founded in February, DexMat debuted at Rice University's Business Plan Competition, held April 16-18. It took home fifth place and $65,000 in cash and services at the award ceremony held April 18. One of the awards, given by NASA, includes the ability to test the product on the International Space Station. Now that the competition is over, DexMat is ready to get to work. The company can produce samples for prospective government…
  • Arizona federal contract dollars plummet $3.6 billion

    Eric Jay Toll
    20 Apr 2015 | 1:54 pm
    Arizona businesses dependent on federal contracts took a big hit in 2014. The value of federal contracts issued to state businesses dropped by $3.6 billion last year, or more than 28 percent from 2013. Arizona companies saw contract value of $8.8 billion in 2014, far less than the $12.4 billion in 2013. That’s the data from Government IQ, a consulting firm tracking federal contracts, in a report from Stonewall Group LLC, a federal contractors consulting service based in Phoenix. “If you look…
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    Media & Marketing News - Media & Marketing News Headlines | Bizjournals.com

  • Disgruntled employees, WikiLeaks and the Avon lady are on the minds of our women to watch this week

    Hilary Burns
    20 Apr 2015 | 6:30 pm
    Paula Schneider: Once again, the new CEO of American Apparel makes our list. This time, it’s because a group of former employees is suing the retailer in a class-action lawsuit, alleging the company acted unlawfully when it laid off 180 factory workers earlier this month. The suit was filed by L.A.-based attorney Keith Fink — the attorney representing ousted founder Dov Charney. The claim states that the company violated the Worker Adjustment and Retraining Notification (WARN) laws when it fired…
  • Toyota doubles size of headquarters in Plano, adds demo track

    Bill Hethcock
    20 Apr 2015 | 4:05 pm
    The new Toyota North American headquarters in Plano has grown to more than 2.1 million square feet — about twice the size initially proposed, according to plans the automaker submitted to the city. A Toyota spokesman confirmed that the campus “will likely be larger than originally reported.” “We continue to make great progress on our relocation efforts,” said a statement released Monday by spokesman Javier Moreno. “While we are still in the planning stage and no final decisions have…
  • Atlanta City Council OKs Tyler Perry deal at Fort McPherson

    Dave Williams
    20 Apr 2015 | 3:33 pm
    The Atlanta City Council signed off late Monday on a deal that would allow filmmaker Tyler Perry to turn much of Fort McPherson into a movie studio. Council members voted 11-1 to support a request by Mayor Kasim Reed to extend a $13 million line of credit, a commitment required by the U.S. Army in order to clean up 22 acres of contaminated brownfields on the site in southwest Atlanta and finalize Tyler Perry Studios' purchase of 330 acres of the 488-acre former base. Reed brought the proposal to…
  • SEC's regional director to leave Fort Worth office

    Paul O'Donnell
    20 Apr 2015 | 3:24 pm
    David Woodcock, regional director of the U.S. Securities and Exchange Commission's Fort Worth office, is leaving the regulatory agency later this spring. The SEC announced Woodcock's departure in a statement Monday afternoon, although it did not specify why he's leaving. Woodcock took over the 125-employee regional office overseeing SEC activities in Texas, Oklahoma, Arkansas and Kansas in 2011. His appointment came after the Fort Worth office faced criticism from Congress for missing clues that…
  • Food Babe vindicated as Kraft Foods suddenly changes course on mac & cheese

    Lewis Lazare
    20 Apr 2015 | 2:51 pm
    Score another one for the Food Babe. Though she has been pilloried in some media reports in recent months, the Charlotte, N.C.-based food activist also known as Vani Hari stepped forward and took at least partial credit this morning for Northfield-based Kraft Foods' revelation late last week that it will remove synthetic dyes and artificial preservatives from its popular packaged macaroni-and-cheese product by 2016. According to a report in the Chicago Tribune, Kraft executives said the decision…
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    Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com

  • Developer breaks ground on redevelopment in Honolulu's Kalihi neighborhood: Slideshow

    Duane Shimogawa
    20 Apr 2015 | 6:00 pm
    The California developer of a 26-home redevelopment project in Honolulu's Kalihi neighborhood broke ground on the project Monday at the site, which was once marketed as a location for a 22-story high-rise condominium. The project includes a total of 26 units, including 16 new single-family homes and five duplexes, with prices ranging from $425,000 to $725,000. Gregory Owen, founder and CEO of Vacaville, California-based Blue Mountain Homes LLC, told PBN Monday after the groundbreaking of the firm’s…
  • $3M suites up for sale at Maui's Honua Kai Resort

    Jason Ubay
    20 Apr 2015 | 5:45 pm
    Eight oceanfront three-bedroom suites at West Maui’s Honua Kai Resort & Spa recently went on the market with prices starting at $3 million, and sales have been brisk. Erika Alm, principal at PowerPlay Destination Properties, which oversees the sales and marketing at Honua Kai, said three residences sold shortly after they commenced the marketing campaign. Each of the suites measures 2,200 square feet and has three bedrooms and three bathrooms. Amenities include a 1,000-square-foot lanai, Viking…
  • Bank of Hawaii sees gain from sales of Visa shares

    Jason Ubay
    20 Apr 2015 | 5:42 pm
    Bank of Hawaii Corp. reported a positive first quarter, with $42.4 million in profits and improvements in several categories, including a net gain of $10 million from the sale of shares in Visa Inc. Bank of Hawaii (NYSE: BOH) reported noninterest income of $52.3 million in the first quarter, a $7.5 million increase from the same quarter a year ago. It included a net gain of $10.1 million resulting from the sale of 95,000 Visa (NYSE: V) Class B shares, or 156,589 Class A equivalents. Bank of Hawaii…
  • Excelsior Group has deal to buy West End site for office towers

    Sam Black
    20 Apr 2015 | 3:20 pm
    Fresh off its purchase of the Parkdales office complex in St. Louis Park, The Excelsior Group has reached a deal to buy a seven-acre office development in the West End mixed-use district to develop up to 700,000 square feet in two 11-story office towers. The agreement, but not the price, was disclosed on the agenda for Monday's St. Louis Park City Council meeting. Eden Prairie-based Excelsior hasn't disclosed detailed plans for the vacant land, such as who would be the general contractor, architect…
  • Historic protection approved for 3rd Ward building on development site

    Sean Ryan
    20 Apr 2015 | 3:04 pm
    A Milwaukee commission approved historic protections for a 131-year-old former tavern in the 3rd Ward that developers may try to tear down to build new apartments. The building was most recently a student union for the Milwaukee Institute of Art & Design, which sold it to local developers General Capital Group and Joseph Property Development. The two-story building is at the point where East Menomonee and East Erie streets meet. Its notable history includes surviving the 1892 that destroyed most…
 
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    Retailing & Restaurants News - Retailing & Restaurants News Headlines | Bizjournals.com

  • Disgruntled employees, WikiLeaks and the Avon lady are on the minds of our women to watch this week

    Hilary Burns
    20 Apr 2015 | 6:30 pm
    Paula Schneider: Once again, the new CEO of American Apparel makes our list. This time, it’s because a group of former employees is suing the retailer in a class-action lawsuit, alleging the company acted unlawfully when it laid off 180 factory workers earlier this month. The suit was filed by L.A.-based attorney Keith Fink — the attorney representing ousted founder Dov Charney. The claim states that the company violated the Worker Adjustment and Retraining Notification (WARN) laws when it fired…
  • Phoenix-based Redrock Partners finalizes $8M purchase of Macaroni Grill

    Korri Kezar
    20 Apr 2015 | 4:07 pm
    The Phoenix-based firm that agreed earlier this year to purchase Romano's Macaroni Grill has finalized the acquisition. Redrock Partners LLC bought the Italian restaurant chain from Houston’s Ignite Restaurant Group Inc. (Nasdaq: IRG) for around $8 million. The investment proved to be a poor one for Ignite, which sold the company just two years after acquiring it from Golden Gate Capital for $55 million. "We continue to believe in the underlying strengths of the Macaroni Grill business," Ignite…
  • Brown Shoe’s Diane Sullivan sees pay package rise 136 percent in 2014

    Katlyn Keller
    20 Apr 2015 | 3:04 pm
    Brown Shoe Co. Chairman, President and CEO Diane Sullivan got a 136 percent hike in her 2014 total compensation package to $9.8 million. The increase included a $2 million increase in stock awards, a $2.8 million increase in non-equity incentive plan compensation, a $1 million increase in pension value and non-qualified deferred compensation earnings, and a slight increase in her base salary, to $1 million from the prior year’s $900,000, according to Brown’s 2014 proxy statement issued Friday. Other…
  • Portland 'big winner' in Under Armour announcement

    Matthew Kish
    20 Apr 2015 | 2:55 pm
    Under Armour's lease of the former YMCA building just south of downtown further cements Portland's reputation as the hub of the sportswear industry. The Business Journal early Monday first reported that the Baltimore-based company will lease the nearly 70,000-square-foot former YMCA on S.W. Barbur Boulevard. The space will house some of its footwear division, which currently occupies 14,300 square feet in the Pearl District. "This move just confirms that Portland and the surrounding region are…
  • Food Babe vindicated as Kraft Foods suddenly changes course on mac & cheese

    Lewis Lazare
    20 Apr 2015 | 2:51 pm
    Score another one for the Food Babe. Though she has been pilloried in some media reports in recent months, the Charlotte, N.C.-based food activist also known as Vani Hari stepped forward and took at least partial credit this morning for Northfield-based Kraft Foods' revelation late last week that it will remove synthetic dyes and artificial preservatives from its popular packaged macaroni-and-cheese product by 2016. According to a report in the Chicago Tribune, Kraft executives said the decision…
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    Sports Business News - Sports Business News Headlines | Bizjournals.com

  • Sen. Fitzgerald sets meeting for Wednesday on arena funding

    Rich Kirchen
    20 Apr 2015 | 3:01 pm
    Less than one week after a Marquette University Law School poll showed public opposition to the state providing $150 million in financing for a new arena in downtown Milwaukee, state Senate Majority Leader Scott Fitzgerald will convene a meeting in Madison with key players in the discussion. The meeting will include leaders from the state Legislature, the city of Milwaukee, Gov. Scott Walker’s office and the Milwaukee Bucks, Myranda Tanck, Fitzgerald’s communications director, told the Milwaukee…
  • What business can learn from a record-breaking swim with jellyfish

    Ron Leuty
    20 Apr 2015 | 2:31 pm
    Jamie Patrick has battled the wave of office-supply superstores, but the swells he takes on in late June will provide a new kind of challenge. The 44-year-old general manager of Patrick & Co. — a three-store, fourth-generation San Francisco office-supply store started in 1873 — will attempt a record-shattering 78-mile marathon ocean swim June 24 off the island of Eleuthera in the Bahamas. The epic swim, which will take about 48 hours, would break the current solo, unassisted swim record of…
  • Cal Fit goes on a hiring binge

    Sonya Sorich
    20 Apr 2015 | 2:20 pm
    California Family Fitness is looking to fill 100 positions during job fairs this week. Jobs are available across the local company's 19 locations in the Sacramento region. Job fairs will be held 3 to 6 p.m. on Tuesday and Wednesday. The Tuesday event is at the company's Folsom club at 700 Oak Avenue Parkway, and the Wednesday event is at the company's downtown Sacramento club at 1012 K St. Full- and part-time positions are available. Full-time jobs range from sales manager to building maintenance…
  • Spurs playoff tickets among the most expensive in NBA

    W. Scott Bailey
    20 Apr 2015 | 12:56 pm
    If a series opening loss in Los Angeles doesn't cost the San Antonio Spurs an opportunity to repeat as NBA champions in the Tim Duncan era, the loss to the Clippers in Game 1 on Sunday has certainly cost some ticket sellers some extra dinero. The Spurs entered the post-season with the third most expensive average ticket price among NBA playoff teams on the secondary market at nearly $321 per seat. After a sound beating in Tinsel Town, the average cost of a ticket for Round 1 games slated for AT&T…
  • Under Armour makes bold expansion in Portland, the home of Nike

    Matthew Kish
    20 Apr 2015 | 12:54 pm
    Under Armour Inc. is bringing more of the fight to Nike's backyard. The company on Monday confirmed it plans to grow its footwear and innovation operations in Portland, Ore. The confirmation followed Portland Business Journal inquiries last week about the sale of a nearly 70,000-square-foot former YMCA immediately south of downtown. "As Under Armour continues its global expansion, Portland has emerged as a strategic hub for the brand, specifically in footwear and innovation," the company said in…
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    Technology News - Technology News Headlines | Bizjournals.com

  • Thirty Meter Telescope construction in Hawaii delayed indefinitely

    Lorin Eleni Gill
    20 Apr 2015 | 5:34 pm
    Construction on the Thirty Meter Telescope on Hawaii's Mauna Kea volcano has been delayed for a third time this month, with no official date set to return. TMT spokeswoman Sandra Dawson told PBN Monday it is unclear when construction will resume. “There are conversations happening among various stakeholders so we’re playing it by ear to see those conversations play out and what happens,” she said. In a statement released Friday evening, Gov. David Ige said that any further construction delays…
  • Stiff penalties make computer crimes in Hawaii worth investigating

    Jason Ubay
    20 Apr 2015 | 5:29 pm
    Computer crimes in Hawaii were not heavily prosecuted in the past, but investigations and prosecutions have increased over the past 10 years as penalties have become harsher for crimes the state considers to be on the same level as armed robbery and rape. In addition to fraud and corruption, the Honolulu Prosecuting Attorney’s white collar crime unit also investigates computer crimes. Christopher T. Van Marter has been chief of the unit for over 10 years. When he started, he said there were very…
  • Taser tallies more than 6,300 device sales in 1Q

    Patrick O'Grady
    20 Apr 2015 | 4:01 pm
    Taser Internation Inc.may be seeing a decent first quarter, if its sales of stun guns are any indication. The Scottsdale-based manufacturer, which will release its first-quarter financials on April 30, announced today it had sold 1,000 of its new X2 stun guns to the Ontario Provincial Police in Canada. That was added to the thousands more stun guns Taser (Nasdaq: TASR) has sold in the first quarter and expected to ship in the next six months. The total of X2s and X26 devices sold in the quarter…
  • CenturyLink buys PIE alum Orchestrate

    Malia Spencer
    20 Apr 2015 | 3:58 pm
    Database startup Orchestrate has been scooped up by telecom CenturyLink. The deal marks the latest alum of the Portland Incubator Experiment to be acquired. Terms of the deal were not disclosed. The last time we checked in with Orchestrate, which has a distributed workforce, the company employed around 15 people. Last fall, Orchestrate unveiled a slate of new features and last spring it hired well known community builder Adam DuVander to help build its developer relations. Members of the Orchestrate…
  • Motor Mondays: ​Easygoing Lexus ES hits buyers’ sweet spot

    Cathy Luebke
    20 Apr 2015 | 3:55 pm
    I no longer see Lexus ES as a so-called “entry-level” luxury sedan. That’s good for the most part with roomy surrounds, upscale finesse and amenities. But maybe not so good if you really want a 4-door entry-level luxury ride. ES quickly gave up the compact dimensions of 1989 original moving to midsize and now closer to the full-size Toyota Avalon rather than Camry. Price, of course, has risen as well – all the while ES claiming Lexus’ sales crown. So who’s going to argue with that strategy. Starting…
 
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    Travel Business News - Travel Business News Headlines | Bizjournals.com

  • Summer airfares to Hawaii drop, Airlines Reporting Corp. study says

    Jason Ubay
    20 Apr 2015 | 7:31 pm
    The cost of airfare to and from Hawaii destinations during the summer months has been falling, while fares to other U.S. cities have remained relatively flat, according to a study by Airlines Reporting Corp., which provides business services to travel agencies. Airlines Reporting Corp. looked at tickets sold before March 31 through its participating travel agencies for travel between Memorial Day and Labor Day, which is May 25 and Sept. 7 this year. It reported on only the top 30 U.S. destinations…
  • Exclusive: Monterey Bay Aquarium topped 2M visitors in 2014 — here's how the staff pulls it off (Photos)

    Words: Philip Beadle / Photos: Vicki Thompson
    20 Apr 2015 | 2:36 pm
    The Monterey Bay Aquarium attracted 2,066,177 visitors in 2014, the year that marked the aquarium’s 30th anniversary as an economic and educational force on Silicon Valley’s southern fringe. Click on the image to the right for a photo gallery that shows you what it’s like to work at the aquarium. The four-percent increase in visits to the aquarium’s exhibits of otters, cuttlefish and all things aquatic made the Monterey institution the top destination among aquariums in the United States,…
  • Exclusive: Monterey Bay Aquarium topped 2M visitors in 2014 — here's how the staff pulls it off (Photos)

    Words: Philip Beadle / Photos: Vicki Thompson
    20 Apr 2015 | 2:25 pm
    The Monterey Bay Aquarium attracted 2,066,177 visitors in 2014, the year that marked the aquarium’s 30th anniversary as an economic and educational force on Silicon Valley’s southern fringe. Click on the image to the right for a photo gallery that shows you what it’s like to work at the aquarium. The four-percent increase in visits to the aquarium’s exhibits of otters, cuttlefish and all things aquatic made the Monterey institution the top destination among aquariums in the United States,…
  • I-Drive 360 beefs up social media push as opening nears

    Richard Bilbao
    20 Apr 2015 | 2:10 pm
    In two weeks, International Drive will welcome a new comer to its line-up of attractions, restaurants and nighttime entertainment. But some tenants at I-Drive 360, slated to open May 4, already is running hard on social media to build up hype for its opening. The most notable are the social media accounts of I-Drive 360's big players — The Orlando Eye, Madame Tussauds Orlando and Sea Life Orlando. For example, see some of the latest posts from Twitter below. The $200 million complex is the first…
  • Despite new law, Uber still picking up in KC; State legislation updates

    Austin Alonzo
    20 Apr 2015 | 12:58 pm
    Kansas City's new for-hire transportation ordinance is now in effect, but plenty of questions remain about the future of ride-hailing companies in Kansas City, as well as the states of Kansas and Missouri. Uber On Sunday, an ordinance reforming the city's laws concerning taxicab, livery and ride-hailing companies passed by the Kansas City Council became the city's law. San Francisco-based Uber Technologies Inc. said those laws would "effectively eliminate" the ride-hailing industry in Kansas City.…
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  • CSU sets s'more-making feat for a Guinness World Record

    Caitlin Hendee
    20 Apr 2015 | 1:40 pm
    Less than two months after a Colorado university smashed a Guinness World Record with its 1,204 pound ice cream sundae, another university made its own attempt to find a place in history. Colorado State University set a record for the most people making s'mores simultaneously Saturday, with more than 400 people gathered at Meridian and Pitkin streets in Fort Collins to whip up the chocolate, graham cracker and marshmallow treats. The attempt, which required at least 250 people making the s'mores…
  • Morrisville taps former Raleigh Chamber executive as its new president

    Amanda Jones Hoyle
    20 Apr 2015 | 11:01 am
    The Morrisville Chamber of Commerce announced on Monday that it has hired Sarah Gaskill to be the organization’s new president. Gaskill will be coming to the Morrisville Chamber from the Greater Raleigh Chamber of Commerce where she has spent the past eight years working with the Raleigh Chamber’s small business and members services programs, including the past five years as vice president of its small business program. Prior to joining the chamber, Gaskill, a graduate of Peace College, was…
  • Dayton creates new small business advocate position in economic development

    Olivia Barrow
    17 Apr 2015 | 4:38 am
    The city of Dayton has taken a step to become more friendly to new small businesses. The economic development department created a new position, called a Small Business Advocate, and has hired Brock Taylor to fight for small businesses as they work through the city’s permitting process. "We want someone who is going to be an advocate for the small business entrepreneur, who may need some hand holding,” said Shelley Dickstein, assistant city manager. Having someone who is familiar with the…
  • How to improve your workplace and keep your people happy

    Lynn Belzer
    17 Apr 2015 | 3:00 am
    The much-admired shoe company Zappos last month announced it is doing away with bosses — and that employees who don’t like the idea can leave. It is a pretty strong my-way-or-the-highway message — one that got me thinking about what more practical steps company owners and managers can take to make employees happy and more satisfied. There are many assessments and characteristics of “best places to work.” What follows are some approaches that can be adopted readily at organizations for…
  • R Street will get livelier as slew of new ventures plan to open soon

    Sonya Sorich
    17 Apr 2015 | 3:00 am
    A variety of businesses are in the works in the R Street area, which is quickly becoming a hub for restaurants and retail. Businesses range from personal grooming to new ventures from established Sacramento-area restaurateurs. Here’s when you should expect to see some of the additions opening. April European Wax Center Where: Renovated building at 15th and R streets Estimated opening: The business is slated to open this week or next, according to its Facebook page. What to expect: The Florida-based…
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    Albany Business News - Local Albany News | Business Review of Albany

  • Albany metro can absorb even more new apartments, HUD says

    Michael DeMasi
    20 Apr 2015 | 11:28 am
    The new apartments being built in the Albany, New York region will satisfy just over half of the anticipated demand for rental units over the next three years, according to a report by the U.S. Department of Housing and Urban Development. That's welcome news for developers, builders, lenders and property owners as the multi-family sector remains robust across the region, with hundreds of units under construction or in the pipeline. The projects include the upcoming, $29.5 million renovation of…
  • Mudslide blocks Normans Kill creek, causes state of emergency

    Tom Caprood
    20 Apr 2015 | 10:57 am
    Albany County and the City of Albany declared states of emergency for areas surrounding the Normans Kill creek after one of its banks collapsed Monday, blocking water flow at the site. Albany County Executive Dan McCoy says there is high potential for flooding upstream of the blockage, which is located along the Capitol Hills Golf Course in Albany and the Normanside Country Club in Bethlehem. The bank collapsed on the Bethlehem side of the creek, according to McCoy. Albany Mayor Kathy Sheehan…
  • Why this startup is a 'more sophisticated' Craigslist for student jobs

    Chelsea Diana
    20 Apr 2015 | 10:11 am
    A website devoted to connecting Albany area college students with nearby freelance work and part-time jobs related to their passions will go live in May. The site - anthilljobs.com- grew out of Skidmore College, a private liberal arts school in Saratoga Springs, New York. It's the brainchild of Marcella Jewell, co-founder, CEO and recent Skidmore College grad. Jewell said the site is like a "more sophisticated" Craigslist, but just for job searching. Ant Hill is meant to fill the gap that college…
  • Adjuncts at Siena College file to unionize

    Megan Rogers
    20 Apr 2015 | 9:41 am
    Adjunct faculty members at Siena College have filed to unionize. Siena is the third college in the Albany area where adjunct instructors have moved to unionize within the past year. Adjuncts and visiting professors at Siena, a private, liberal arts college in Loudonville, filed with the National Labor Relations Board to join the Service Employees International Union, Local 200United. A date for the union election has not yet been set. In a statement, Siena officials said they will not interfere…
  • Mohawk named top 'green power' user by EPA

    Tom Caprood
    20 Apr 2015 | 9:37 am
    Mohawk, a Cohoes, New York-based paper manufacturer, was recognized as one of the nation's top 100 users of "green" power by the U.S. Environmental Protection Agency for the 10th year in a row. The company ranked 75th on the list for using wind power for all of its electricity needs. Mohawk's electricity use has been 100 percent matched with renewable energy certificates since 2007. The top ranking companies on the list included Intel, Microsoft, Kohl's and Google. The business makes high-end paper…
 
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    Albuquerque Business News - Local Albuquerque News | Albuquerque Business First

  • Scrappy Startups can win trip to Vegas, SXSW conference tickets

    Dan Mayfield
    20 Apr 2015 | 1:39 pm
    The deadline for companies to enter the second local Scrappy Startups Challenge is April 24. Scrappy Startups pits companies against each other in a three-minute pitch contest. Winners of the first challenge won a trip to the South By Southwest Interactive Festival in Austin, Texas. This time, the winners will win a trip to Las Vegas, Nevada, for the SXSW V2V conference. V2V is a four-day event in mid-July where companies learn about, and connect with, entrepreneurs from a variety of industries. Originally,…
  • Lujan Grisham issues challenge to private sector in STEM investment

    Sal Christ
    20 Apr 2015 | 1:21 pm
    The thread between STEM education and the job market in New Mexico is more than just revamping school curriculum. And while efforts continue to be made to encourage students to embrace STEM coursework (science, technology, engineering and mathematics), a burgeoning number of graduates in those fields won't be able to stay in New Mexico if the jobs aren't there. That was the message from Rep. Michelle Lujan Grisham, D-NM, on Monday. At a NAIOP luncheon at the Albuquerque Marriott, Lujan Grisham spoke…
  • North I-25 office market recovers as Uptown, Downtown still struggle

    Damon Scott
    20 Apr 2015 | 1:13 pm
    The Albuquerque area office market’s vacancy rate inched up in the first quarter of 2015 and shows that the sector is still struggling to get back to prerecession levels. New data from the New Mexico office of CBRE showed an office vacancy rate of 21.6 percent — a slight increase from the fourth quarter’s 21.3 percent. As a comparison, the overall vacancy rate was 13.9 percent in 4Q of 2008, when the sector was experiencing a higher amount of job activity. Office specialists at the New Mexico…
  • More than 700 young Albuquerque professionals pack Hotel Andaluz

    Damon Scott
    20 Apr 2015 | 12:11 pm
    Albuquerque’s millennials — a group that has been emerging as a strong voice in the business community — invaded Downtown’s Hotel Andaluz en masse over the weekend. More than 700 young professionals attended the first “City-Wide Young Professionals Mixer” on April 17 — an event that was designed to corral millennials and millennial groups into one location for a night of networking with cocktails, appetizers and raffles. “We stopped counting at 640 because we couldn’t handle the…
  • Move to officially end Downtown Albuquerque's BID could happen Monday

    Dan Mayfield
    20 Apr 2015 | 11:55 am
    Monday night's Albuquerque City Council meeting could mean the official end to the 15-year-old Downtown Business Improvement District (BID). City Council Isaac Benton told Business First he thinks the time has come for the BID to be officially terminated, and that the issue on tonight's agenda will likely pass. He's sponsoring the measure to disband the BID with a one-page resolution. "I don't think it's going to be controversial," he said. Benton's District 2 includes the Downtown corridor. The…
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    Atlanta Business News - Local Atlanta News | Atlanta Business Chronicle

  • Atlanta City Council OKs Tyler Perry deal at Fort McPherson

    Dave Williams
    20 Apr 2015 | 3:33 pm
    The Atlanta City Council signed off late Monday on a deal that would allow filmmaker Tyler Perry to turn much of Fort McPherson into a movie studio. Council members voted 11-1 to support a request by Mayor Kasim Reed to extend a $13 million line of credit, a commitment required by the U.S. Army in order to clean up 22 acres of contaminated brownfields on the site in southwest Atlanta and finalize Tyler Perry Studios' purchase of 330 acres of the 488-acre former base. Reed brought the proposal to…
  • 3344 Peachtree's 'forever' type of architecture (SLIDESHOW)

    Adam Toal
    20 Apr 2015 | 10:36 am
    Editor's Note: Local architect Adam Toal is highlighting the work of the Atlanta developers and design team behind the 3344 Peachtree tower in Buckhead. Developer: Regent Partners, LLC. Architect: Smallwood, Reynolds, Stewart, Stewart & Associates Inc. Contractor: Hardin Construction Co. (Now DPR/Hardin) Engineers: URS Corporation; Stanley D. Lindsey and Associates, LTD; Jordan and Skala Engineers Atlanta’s ninth-tallest building, Sovereign (3344 Peachtree Road), softly spirals upwards from its…
  • Zeds Dead, Major Lazer, others set to kick off Mad Decent Block Party in Atlanta

    Phil W. Hudson
    20 Apr 2015 | 10:27 am
    Atlanta was selected as the launching pad for America’s biggest block party. Zeds Dead, Major Lazer, Keys N Krates, Meaux Green, Shiba San, Twrk and Yellow Claw will kick off Mad Decent Block Party in Atlanta at Masquerade Music Park July 31 for the first of its 19-city 22-show tour. Mad Decent, a Los Angeles-based record label spearheaded by the three time Grammy-nominated producer and DJ Wesley Pentz, better known as Diplo, said the roster will change from city to city. TomorrowWorld goers…
  • Atlanta-based NeuroTrials joins nationwide Alzheimer's study

    Ellie Hensley
    20 Apr 2015 | 10:25 am
    A large national study is being conducted on an Alzheimer's drug candidate, and Atlanta-based NeuroTrials Research Inc. is the only trial site in Georgia currently enrolling patients. NeuroTrials is a clinical research study site on Johnsons Ferry Road that focuses on neurology, sleep resources, respiratory and psychiatric studies. Dr. Dennis Lacey will be the site's principal investigator. NeuroTrials is one of 50 locations across the United States participating in the NOBLE Study, a Phase-2 randomized,…
  • Braves to induct legendary broadcaster Don Sutton into Hall of Fame July 20

    Phil W. Hudson
    20 Apr 2015 | 10:19 am
    The Atlanta Braves will induct longtime broadcaster Don Sutton into the Braves Hall of Fame this summer. The induction luncheon will take place July 20 at the 755 Club at Turner Field, and will be followed by a pregame ceremony that evening when the Braves take on the Dodgers. Sutton will join Hank Aaron, Bill Bartholomay, Lew Burdette, Skip Caray, Bobby Cox, Del Crandall, Ralph Garr, Tom Glavine, Tommy Holmes, Ernie Johnson, Chipper Jones, David Justice, Javy Lopez, Herman Long, Bill Lucas, Greg…
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    Austin Business News - Local Austin News | Austin Business Journal

  • Ear candy: Upgrades bolster Parish's reputation for best sound in town

    Chad Swiatecki
    20 Apr 2015 | 12:51 pm
    The Parish, a live music venue on Sixth Street owned by ATX Brands, has finished a total upgrade of its sound system in a move to burnish its reputation as the nightclub with the best acoustics in the city. The 450-capacity club now boasts a NEXO system installed by Nomad Sound Inc. of Austin and has also received a new stage and other front-of-house upgrades since the beginning of 2015. The club typically features a mix of touring shows booked from Austin-based, Live Nation-owned C3 Presents as…
  • Drawing a bright future: Powerhouse Animation grows its footprint

    Chad Swiatecki
    20 Apr 2015 | 12:24 pm
    Powerhouse Animation of Austin has grown its space with a 9,000-square-foot office at North MoPac Expressway near Steck Avenue to accommodate its continued growth in the two-dimension animation market. The company, which has 45 employees, is one of the largest animation houses in Texas, with 2014 revenue of about $3 million. The company anticipates revenue growth of 130 percent this year. The move to a larger space from its previous 6,000-square-foot office in the building owned by Congress Holdings…
  • Georgetown plans new park on 525 donated acres

    20 Apr 2015 | 12:02 pm
    More than a decade after he first willed 525 acres of land to Georgetown for the city to use as a park, Jack Garey is turning the property over to the city sooner than expected, reports the Austin American-Statesman. Garey first announced that he would donate the land, along with $5 million for development, in 2004. But the land was originally supposed to transfer hands after Garey died. But Garey, according to the Statesman, told Georgetown City Council that he'd rather see the land change hands…
  • Websense to remain in Austin and keep hiring after Raytheon acquisition

    Christopher Calnan
    20 Apr 2015 | 10:56 am
    Websense Inc. plans to remain in Austin despite the acquisition deal confirmed Monday between its private equity owner and defense giant Raytheon Co. Chief Financial Officer Jim Hagan told Austin Business Journal on Monday Websense expects to expand it local presence after being combined into Raytheon’s (NYSE: RTN) cybersecurity unit under a deal in which Raytheon would become 80 percent owner of the Austin-based company. Former majority owner Vista Equity Partners LLC will retain a 20 percent…
  • Bills could shift pension fund control from state to cities

    Kimberly Reeves
    20 Apr 2015 | 10:54 am
    Texas business leaders see cities’ inability to control their own pension funds to be a liability that could slow economic development. Rep. Jim Murphy, R-Houston, has filed a bill to shift the control of municipal pension funds away from the state and to local cities in House Bill 2608. Sen. Paul Bettencourt, R-Houston, who replaced Lt. Gov. Dan Patrick in the Senate, is carrying the companion bill in the Senate. Control of public pensions traditionally belonged to the state, set by Texas law.…
 
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    Baltimore Business News - Local Baltimore News | Baltimore Business Journal

  • Under Armour makes bold expansion in Portland, the home of Nike

    Matthew Kish
    20 Apr 2015 | 12:54 pm
    Under Armour Inc. is bringing more of the fight to Nike's backyard. The company on Monday confirmed it plans to grow its footwear and innovation operations in Portland, Ore. The confirmation followed Portland Business Journal inquiries last week about the sale of a nearly 70,000-square-foot former YMCA immediately south of downtown. "As Under Armour continues its global expansion, Portland has emerged as a strategic hub for the brand, specifically in footwear and innovation," the company said in…
  • Scott Walker bragged about getting the Jos. A. Bank suit deal that Men's Wearhouse wants to kill

    Rick Seltzer
    20 Apr 2015 | 12:03 pm
    Nothing calls attention to your brand's cheap suits quite like a politician in a cheap suit. Jos. A. Bank's reputation as a discount-heavy retailer received unexpected reinforcement this weekend from Scott Walker, the Wisconsin governor who's in the early stages of running for the Republican presidential nomination. Walker plugged his buy-one-get-three-free suit to voters in New Hampshire as he tried to establish himself as a down-to-earth leader who knows the value of a dollar. Walker's already…
  • Kevin Plank invests in SocialToaster as it raises $1.9M, acquires LA marketing firm

    Sarah Gantz
    20 Apr 2015 | 10:12 am
    Baltimore social media marketing company SocialToaster has raised $1.9 million from investors including Under Armour CEO Kevin Plank. The bridge funding round will go toward creating a new self-service platform for its fan-based marketing technology and expanding its presence in new markets, including Los Angeles, New York and possibly London. As part of its expansion effort, SocialToaster has acquired Los Angeles-based marketing firm FLG Psyche to serve as its west coast office. In addition to…
  • 17 photos from our 2015 Best in Finance: CFO Awards

    James Briggs
    20 Apr 2015 | 9:58 am
    17 photos from our 2015 Best in Finance: CFO Awards
  • Monument Realty wants to add a massive graphic to 225 N. Calvert St.

    Kevin Litten
    20 Apr 2015 | 9:08 am
    The company that is planning to redevelop the former Bank of America operations center at 225 N. Calvert St. wants to install a massive wrap-around graphic on the building just above street level. The graphic is still in development. Designers ran a first draft of an image past city officials last week. The company developing the building, Monument Realty, said it's intent on finding an image that will liven up a dark section of Calvert Street that planners have said for years could use more color. From…
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    Birmingham Business News - Local Birmingham News | Birmingham Business Journal

  • Cadence Bank responds to OCC consent order

    Michael Seale
    20 Apr 2015 | 1:04 pm
    Cadence Bank has entered into a consent order with the Office of the Comptroller of the Currency to address deficiencies in its Bank Secrecy Act/Anti-Money Laundering compliance. The order, handed down in February, stems from a May 2013 examination that found deficiencies in the internal controls, independent testing and BSA/AML oversight pillars, rendering the program ineffective. Bank leaders said Cadence has been aggressively enhancing its BSA/AML program since the investigation. The exam pointed…
  • Nation's budding interest in marijuana could mean big bucks for Alabama

    Ryan Phillips
    20 Apr 2015 | 12:53 pm
    As Alabama lawmakers – and judges – wage a series of battles on gambling and same-sex marriage, another issue looms in the background: Marijuana. While Alabama doesn't currently allow medical marijuana, much less recreational use, some believe the state could soon ease its stance, according to Allen St. Pierre, executive director of the National Organization for the Reform of Marijuana Laws, or NORML, a pro-marijuana advocacy group based in Washington, D.C. St. Pierre said in an interview with…
  • REV Birmingham to launch multimillion dollar BikeShare program

    Bryan Davis
    20 Apr 2015 | 12:52 pm
    REV Birmingham plans to launch a BikeShare program this fall. REV, in partnership with the City of Birmingham, the Birmingham Regional Planning Commission and the Community Foundation, announced this week a proposal for a 400-bike, 40-docking kiosk program that will be deployed in the city center in September. The system will be purchased from Quebec-based Bewegen and will include 100 electric pedal assist bikes. "The BikeShare system is another forward-thinking program we're implementing in our…
  • Birmingham Builders: Magic City contractors gain recognition

    Bryan Davis
    20 Apr 2015 | 12:30 pm
    Vertical construction on the future home of the Atlanta Braves is well underway. This week's slideshow has some of the latest shots from the stadium in Cobb County, Ga. Also, Brasfield & Gorrie and BL Harbert International were recognized by the Associated Builders & Contractors of America. Brasfield & Gorrie was recognized by ABC's Alabama chapter at the association's Safe Day awards banquet for four honors, including the Diamond Safety Training and Evaluation Process award, a first-place Safe…
  • Baker Donelson announces newly elected shareholders in Alabama

    Michael Seale
    20 Apr 2015 | 12:23 pm
    Baker Donelson announced Monday that it has elected 14 new shareholders across the firm, including three attorneys in its Birmingham office: Thomas J. Buchanan, Kevin R. Garrison and Catherine Crosby Long. Buchanan is a member of the firm's real estate and finance group, where he represents clients in all aspects of the wireless telecommunications industry. Garrison concentrates his practice in construction where he represents owners, contractors, subcontractors and suppliers in all aspects of…
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    Boston Business News - Local Boston News | Boston Business Journal

  • Two former Boston Teamsters are sentenced in extortion case

    Mary Moore
    20 Apr 2015 | 11:48 am
    Two former members of a Boston Teamsters local that represented workers largely in the convention and exhibition industry have been convicted on federal charges of extortion and racketeering, the U.S. Attorney's Office in Massachusetts has announced. The charges against two former members of Local 82, announced Friday, include extorting local nonprofits, such as Brigham and Women's Hospital, Massachusetts General Hospital and the United States Green Building Council, according to a press release…
  • MIT grad's anti-drone tech being used at the Boston Marathon

    Sara Castellanos
    20 Apr 2015 | 11:47 am
    The Boston Marathon on Monday was using technology developed by an MIT graduate that warns Boston Police Department officers when drones are entering the airspace above the 30,000 marathon runners. This year's 26.2 mile-long course was declared a "no-drone zone" by Boston officials last week. Brian Hearing, co-founder of Washington, D.C.-based Drone Shield, said the drone sensors listen for the sound of drones and can alert about 40 Boston police officers via email or text message about an incoming…
  • Santander penalized for wrongly charging customers for ID theft protection

    Greg Ryan
    20 Apr 2015 | 11:41 am
    Santander Bank has been hit with a $6 million penalty by federal regulators for billing customers for credit monitoring they never received, a fine that comes on top of the nearly $40 million it’s already doled out in refunds for the services. Over more than four years, Boston-based Santander billed customers for its Sovereign IdentityProtector product, even though not all of them received the product’s credit monitoring and credit report retrieval services, according to the Office of the Comptroller…
  • With a dog to train and a board to lead, Paul Guzzi is ready to retire

    Mary Moore
    20 Apr 2015 | 11:14 am
    Once Jim Rooney's name began circulating as the possible heir to the Greater Boston Chamber of Commerce throne, whoosh — Paul Guzzi’s name seemed to vanish. In recent months, all eyes have been on Rooney, to be sure, but Guzzi remains the Chamber president until the end of June. And he’s still working long hours, including late on the Friday afternoon of a three-day weekend, when he spoke with me about his plans once he says goodbye to the Chamber for good. To start with, Guzzi wants to relax…
  • Lasell Village appoints new president amidst improved financial picture

    Mary Moore
    20 Apr 2015 | 11:07 am
    Lasell College has named Anne E. Doyle, a former executive with tech firm Connected Living Inc., as the president of Lasell Village, the senior living community on Lasell's Newton campus. Doyle, who started in her new role on March 30, was chief operating officer at Connected Living, a company that provides engagement opportunities to seniors. Doyle also has served as the chief operating officer for Planned Parenthood and she led the Massachusetts rollout of the Program for All-inclusive Care for…
 
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    Buffalo Business News - Local Buffalo News | Business First of Buffalo

  • Williamsville-based Sovran CEO earned $2.44M in 2014

    Dan Miner
    20 Apr 2015 | 2:54 pm
    The chief executive officer of Sovran Self Storage earned $2.44 million in 2014, a combination of salary, stock awards, financial compensation and benefits. David Rogers, the CEO, earned $3.32 million in the previous year. The difference was mostly due to a decrease in stock awards between 2013 and 2014. Rogers compensation numbers were unveiled in Sovran’s annual proxy statement, filed recently. The company’s annual shareholders meeting will take place 9 a.m. on May 21 at its headquarters…
  • UB Medical School project advances

    Tracey Drury
    20 Apr 2015 | 2:00 pm
    It’s only fitting that workers this week begin erecting steel for the University at Buffalo’s new School of Medicine and Biomedical Sciences. UB officials will hold a briefing about the project Tuesday morning on the roof of the Conventus medical office building across the street. The milestone in the $375 million medical school project comes a day after steel was delivered and a new logo unveiled for the John R. Oishei Children’s Hospital across the street. The two projects are taking shape…
  • John R. Oishei Children's Hospital unveils new logo

    Tracey Drury
    20 Apr 2015 | 1:15 pm
    With construction about 17 percent complete, hospital and foundation officials today unveiled the new logo for the John R. Oishei Children’s Hospital. Monday also marked the arrival of the first pieces of structural steel for the new Kaleida Health hospital, under construction on the Buffalo Niagara Medical Campus. The $270 million, 12-story facility is due to open in early 2017 and will replace the existing Women & Children’s Hospital of Buffalo on Bryant Street. The logo includes a parent…
  • M&T still bullish on future acquisitions

    Allissa Kline
    20 Apr 2015 | 12:45 pm
    It took more than an hour Monday for an analyst to ask if M&T Bank’s long-stalled acquisition of Hudson City Bancorp Inc. has colored M&T’s view of doing possible future acquisitions – and when that question came during the Buffalo company’s first-quarter earnings call, chief financial officer Rene Jones gave a long, hearty chuckle. The short answer: no, according to Jones. “I will say that clearly the standards are high,” Jones said. “I look at all of the work we’ve done. We’ve…
  • Olmsted Parks continues CEO search

    Tracey Drury
    20 Apr 2015 | 12:15 pm
    About a dozen candidates have already thrown their hats in the ring to become the next director of the Buffalo Olmsted Parks Conservancy. The potential pool of candidates, which is expected to grow by the May 15 deadline, includes more than a few with the right qualifications for the job. That’s made board members hopeful they could see a new director in place by early to mid summer, said Dennis Horrigan, board vice chairman and chairman of the executive search committee. The right candidate,…
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    Charlotte Business News - Local Charlotte News | Charlotte Business Journal

  • Report: Volvo narrows shortlist for $500M plant to S.C. and 'second state'

    Carla Caldwell
    20 Apr 2015 | 2:43 pm
    Volvo Cars has narrowed its shortlist to a site in South Carolina and a site in “another Southern state” as it prepares to invest $500 million in its first U.S. plant, according to people with knowledge of the matter, Reuters reports. Volvo U.S. spokesman Jim Nichols said the Swedish automaker hopes to make a decision "in the next few weeks," Reuters adds. The sources did not identify the second state in the running or provide additional details, the news service said. Sites previously mentioned…
  • Cardinal Health agrees to $27M fine, settles monopoly charges in 25 markets — including Charlotte

    Jason deBruyn
    20 Apr 2015 | 2:24 pm
    Cardinal Health Inc. (NYSE:CAH) has agreed to pay $26.8 million to resolve charges brought by the Federal Trade Commission that it illegally monopolized 25 markets — including Charlotte, Raleigh and Greensboro — for the sale and distribution of certain pharmaceuticals and forced hospitals and clinics to pay inflated prices for these drugs. This is the second-largest monetary settlement the FTC has obtained in an antitrust case. The money will be deposited into a fund for distribution to injured…
  • Faced with 'salary crisis' N.C. community colleges seek to restore $59M in state funding

    Katie Arcieri
    20 Apr 2015 | 2:13 pm
    Community colleges across North Carolina are lobbying N.C. legislators to restore $59 million of state funding over two years in a move to help boost faculty and staff salaries. The effort to undo "management flexibility cuts" comes as many community colleges are suffering from a shortage of talent and difficulty retaining high-performing instructors — a result of the rebounding economy and growing number of available jobs. College officials say more state funding is needed to retain the workers…
  • Scottish festival: Feats of strength, kilts and more (PHOTOS)

    Jennifer Thomas
    20 Apr 2015 | 2:01 pm
    There were kilts aplenty in Huntersville this past weekend at the 22nd annual Rural Hill Scottish Festival and Loch Norman Highland Games. Saturday’s sunny weather drew a big crowd — most eager to escape the rains of the last week — and take in music, food and feats of strength. “You just get a whole lot of exposure of another country and another country’s culture, and you don’t have to go more than 20 miles from home,” says Jeff Fissel, executive director. Visitors were rewarded…
  • How Sycamore Brewing quickly became a Charlotte favorite (PHOTOS)

    Jen Wilson
    20 Apr 2015 | 12:01 pm
    Sycamore Brewing Co. is one of the newest players in Charlotte's growing craft-beer scene. But it has already become a local favorite, as evidenced by its Countryside IPA being named the winner in CBJ's Carolinas Beer Madness. The contest was designed to highlight this fast-growing industry in the Carolinas — it started with 64 beers from across North Carolina and South Carolina. Not surprisingly, by the contest's final rounds, our mostly local readers had whittled the list to beers made right…
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    Cincinnati Business News - Local Cincinnati News | Business Courier of Cincinnati

  • Cincinnati startup expects growth spurt from $1.2 million state loan

    Steve Watkins
    20 Apr 2015 | 12:06 pm
    A Cincinnati startup company has won one of two $1 million-plus loans that Ohio’s Third Frontier program handed out last week. BlackbookHR, an Over-the-Rhine company that makes software to help companies gather employee insights, hauled in a $1.2 million loan through Ohio’s Third Frontier program last week. It joined a Toledo health care company as one of two companies around the state to win loans in this round of funding. BlackbookHR’s products, management team and growth plans put it over…
  • ​Have your say: Will Cincinnati’s streetcar run late into the evening?

    Chris Wetterich
    20 Apr 2015 | 12:02 pm
    The region’s largest transit agency will hear feedback tonight and April 27 on the proposed streetcar fare and hours of operation. Tonight’s meeting is from 6 to 8 p.m. at the Public Library of Cincinnati and Hamilton County's downtown branch, while the April 27 meeting is at 11 a.m. at the Over-the-Rhine Recreation Center. Southwest Ohio Regional Transit Authority is required to hold the meetings under federal law to ensure that the fares and hours for the new form of public transit are not…
  • New details of $45M downtown apartment tower take shape

    Chris Wetterich
    20 Apr 2015 | 11:46 am
    The amount of retail space on the ground floor of a planned apartment tower at Eighth and Sycamore streets downtown has doubled and the project will cost at least $45 million, according to documents filed with the Cincinnati Planning Commission. The city, Cincinnati Center City Development Corp. and developers led by North American Properties and NorthPointe Group are planning the nearly 1-acre project to create a 150 residential unit, 500-space garage with 10,000 square feet of retail space on…
  • Popular boutique plans move to Hyde Park Square

    Andy Brownfield
    20 Apr 2015 | 11:32 am
    A trendy Cincinnati boutique specializing in women's fashion and jewelry is moving from 280-square-feet in Madeira to much larger digs on Hyde Park Square. Atelier specializes in artisanal handcrafted and custom-made jewelry, clothing and accessories from selected designers, as well as co-founder Arlene Aranzamendez's personal line, Konstantin. The boutique is moving from its current location at 7892 Camargo Road to 1,300 square feet at 2716 Erie Ave. on Hyde Park Square. "When we started off in…
  • Oakley Station adds another ‘junior anchor’

    Tom Demeropolis
    20 Apr 2015 | 11:27 am
    Another retailer is joining the growing line-up at Oakley Station. The Tile Shop, a specialty retailer of manufactured and natural stone tiles, signed a 10-year lease for nearly 15,000 square feet of space next to the under-construction Kroger Marketplace. Tile Shop is one of three “junior anchors” at the retail portion of Oakley Station. In retail, an anchor store is one of the larger stores in a shopping center. In Oakley Station’s case, that's Kroger. A junior anchor is a smaller store…
 
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    Columbus Business News - Local Columbus News | Business First of Columbus

  • Capital University president stepping down

    Tom Knox
    20 Apr 2015 | 1:23 pm
    Capital University President Denvy Bowman will return to teaching next year. Bowman has led the Bexley liberal-arts school for nearly 10 years. His retirement would not be effective until July 1, 2016, in order to give Capital time “to find the right leader to build on the successes realized with Bowman at the helm,” the school said in a statement. A history professor, Bowman joined Capital in 2003 as dean of its College of Arts and Sciences. He became interim president in June 2006. The position…
  • Surly Girl shutting down in the Short North

    Dan Eaton
    20 Apr 2015 | 12:42 pm
    With no girl to run the Surly Girl Saloon, the 10-year Columbus watering hole is shutting down. The Short North restaurant and bar at 1126 N. High St. expects to close by April 28. Part of local restaurateur Liz Lessner’s Columbus Food League, Surly Girl shares a trio of partners – Lessner, Carmen Owens and Marcy Mays – all of whom have turned their attentions to other projects. “When we didn’t have an owner there all the time, we knew it was getting time to close,” Lessner told me.…
  • Interest rates need to rise despite some signs of slowdown, Cleveland Fed chief says

    Evan Weese
    20 Apr 2015 | 12:15 pm
    The head of the Federal Reserve Bank of Cleveland remains optimistic about the U.S. economy’s ability to withstand an increase in interest rates, despite weakness of late in some economic indicators. Hiring, consumer spending and other measures released this month led some Federal Reserve economists to back away from a potential June liftoff of rates. But Loretta Mester, president of the Cleveland Fed, took the weakness more for the typical blip that has been witnessed in the country’s six-year…
  • Red Roof Inn headed to Canada with new franchisee

    Brian R. Ball
    20 Apr 2015 | 12:04 pm
    Red Roof Inns Inc. has signed a 20-year franchise deal to expand the economy hotel chain into Canada. The chain is hooking up with Canadian hotel developer Glenn Squires and his Nova Scotia-based Pacrim Hospitality Services Inc. It said in a press release the first four new hotels will be opened by the end of 2016 in Canada’s Atlantic regions, in Grand Falls and Bay Roberts in Newfoundland and Labrador province and Wolfville and Antigonish in Nova Scotia. Most of the properties will be the upgraded…
  • Damon’s close to exiting bankruptcy – 6 years later – with new owners

    Dan Eaton
    20 Apr 2015 | 11:55 am
    Damon’s Grill can see the end to its multiyear bankruptcy reorganization. The one-time Columbus chain’s intellectual property and franchise rights were sold to Meadville, Pennysylvania-based Unique Ventures Group LLC for $825,000. The sale was agreed to in September 2013, but has not yet been completed. Michael Kaminski, who has been the attorney for Damon’s since the restaurant brand went into Chapter 11 bankruptcy in 2009, said the group still owes $220,000 of that purchase price, which…
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    Dallas Business News - Local Dallas News | Dallas Business Journal

  • Toyota doubles size of headquarters in Plano, adds demo track

    Bill Hethcock
    20 Apr 2015 | 4:05 pm
    The new Toyota North American headquarters in Plano has grown to more than 2.1 million square feet — about twice the size initially proposed, according to plans the automaker submitted to the city. A Toyota spokesman confirmed that the campus “will likely be larger than originally reported.” “We continue to make great progress on our relocation efforts,” said a statement released Monday by spokesman Javier Moreno. “While we are still in the planning stage and no final decisions have…
  • Glassdoor: The 25 highest paying jobs in demand in the U.S.

    Mel Meléndez
    20 Apr 2015 | 3:41 pm
    When it comes to the best paying jobs maybe mother does know best, as doctors and lawyers are among the 25 highest earning positions in the U.S., according to a study by Glassdoor. The Mill Valley, Calif.-based website, which touts itself as "the world's most transparent career community," ranked the 25 highest paying jobs in demand. To see which jobs made the top 10, click on the accompanying slideshow. The website is popular with job seekers and employers because it collects job-related data,…
  • SEC's regional director to leave Fort Worth office

    Paul O'Donnell
    20 Apr 2015 | 3:24 pm
    David Woodcock, regional director of the U.S. Securities and Exchange Commission's Fort Worth office, is leaving the regulatory agency later this spring. The SEC announced Woodcock's departure in a statement Monday afternoon, although it did not specify why he's leaving. Woodcock took over the 125-employee regional office overseeing SEC activities in Texas, Oklahoma, Arkansas and Kansas in 2011. His appointment came after the Fort Worth office faced criticism from Congress for missing clues that…
  • Future of oil-and-gas industry in Texas is uncertain, economist says

    Thomas Tunstall
    20 Apr 2015 | 3:00 pm
    Since the recent drop in oil prices from $100 per barrel to around $50 per barrel, predictions about where prices are going have been all over the board. Estimates have been as low as $20 per barrel and as high as $200 per barrel. That’s quite a wide range. What’s interesting is that until the recent plunge in prices, it had become quite fashionable to claim that oil prices would never fall below $100 per barrel. Now in some quarters, there is talk that oil may never reach $100 per barrel again.…
  • Bills could shift pension fund control from state to cities

    Kimberly Reeves
    20 Apr 2015 | 1:39 pm
    Texas business leaders see cities’ inability to control their own pension funds to be a liability that could slow economic development. Rep. Jim Murphy, R-Houston, has filed a bill to shift the control of municipal pension funds away from the state and to local cities in House Bill 2608. Sen. Paul Bettencourt, R-Houston, who replaced Lt. Gov. Dan Patrick in the Senate, is carrying the companion bill in the Senate. Control of public pensions traditionally belonged to the state, set by Texas law.…
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    Dayton Business News - Local Dayton News | Dayton Business Journal

  • Former Dayton Airport director quits Milwaukee job, to return to Dayton

    20 Apr 2015 | 8:04 pm
    Terry Slaybaugh, former director of Dayton International Airport, has resigned as director of General Mitchell International Airport in Milwaukee after having just accepted the job in January. Milwaukee County Executive Chris Abele's office issued a statement that said Slaybaugh will be returning to Dayton and that he was leaving the new job because of family reasons, according to media reports there. In a letter of resignation, he noted that the relocation from Dayton to Milwaukee “posed significant…
  • Dayton-area college gets funds to expand campus

    Tristan Navera
    20 Apr 2015 | 1:41 pm
    Clark State Community College has received funding to expand its main campus in Springfield. The Ohio Controlling Board approved Monday releasing $33,500 to the school to help it purchase 2.25 acres across two parcels immediately west of the main campus along Huron Avenue. The land is currently occupied by several residential structures, said Joe Jackson, vice president of business affairs for the school. The school plans to use the land to expand its campus, notably it could include a new school…
  • Fidelity Health's $3.4M deal among top 10 real estate deals of March

    Olivia Barrow
    20 Apr 2015 | 1:37 pm
    Investor sales dominated the real estate deals in the Dayton region in March. The top 10 sales totaled $32 million, with more than half of the deals tracing back to unidentifiable investors. A few of the sales represented businesses buying new or existing real estate to grow their operations. The Fidelity Health purchase of the former Berry Co. building in Moraine for $3.4 million landed at No. 7 on the list. The top 10 real estate deals of March were the following: • A national investor, Arc…
  • Ohio OKs $5M downtown Dayton building conversion

    Tristan Navera
    20 Apr 2015 | 12:16 pm
    Ohio has given the go-ahead to a $5 million project to rehabilitate a downtown building. The Ohio Controlling Board approved Monday $4 million toward the proposed rehabilitation project at Sinclair Community College, which also is fronting $1 million from its own reserves to convert Building 13 into a training and testing facility for unmanned aerial systems, also known as drones. The funding greenlights construction for the facility, which will be a major upgrade to Sinclair's growing UAS programs,…
  • Exclusive: Dayton-area university to sell West Coast campus

    Tristan Navera
    20 Apr 2015 | 11:05 am
    Antioch University is nearing a deal to sell one of its largest campuses. The Yellow Springs-based school is in talks with several interested buyers for its Seattle campus, a single 65,000-square-foot building in the Denney Triangle neighborhood near downtown Seattle. The university intends to sell the building and then move to another location in the downtown Seattle area, said Felice Nudelman, the school's chancellor. The project will provide a means for growth for Antioch University, which has…
 
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    Denver Business News - Local Denver News | Denver Business Journal

  • Hickenlooper puts up roadblock to $3.5 billion Colorado highway-funding bill

    Ed Sealover
    20 Apr 2015 | 5:24 pm
    Gov. John Hickenlooper’s office has cast serious doubts about a proposed $3.5 billion road-funding plan, saying he does not believe that renewing a 16-year-old bonds program is the long-term answer for Colorado’s transportation funding woes. State Sen. Randy Baumgardner, R-Hot Sulphur Springs, is expected to introduce a bill in the Legislature early this week that would extend the life of those so-called TRANS bonds (Transportation Revenue Anticipation Notes) for 20 years and would fund about…
  • Colorado urban-renewal reform battles take a twist with 2 legislative votes

    Ed Sealover
    20 Apr 2015 | 4:50 pm
    Legislators who have been debating whether urban-renewal programs need significant reform now have two such bills to choose from — one backed by Colorado cities and one supported by county governments. City and county governments have been at odds over whether cities should have to promise more of their own funds to tax-increment financing schemes aimed at providing incentive money for investment in urban renewal areas. Typically, cities will create the urban renewal area, suspend the taxes on…
  • Colorado Legislature declines to limit patient billing by out-of-network doctors

    Ed Sealover
    20 Apr 2015 | 4:46 pm
    Colorado doctors Monday scuttled an attempt in the Legislature to limit what they can charge patients not in their insurance networks — even as those same physicians promised to sit down and discuss bigger-picture insurance issues over the summer. Republicans on the Senate Business, Labor and Technology Committee voted along party lines to kill Senate Bill 259, an effort to rein in health-care costs by state Sen. Irene Aguilar, D-Denver, that had gone through several iterations in the past few…
  • Linn Energy is shutting its Denver office, cutting 52 jobs

    Cathy Proctor
    20 Apr 2015 | 4:31 pm
    Linn Energy LLC, a Houston-based oil and gas company, has notified the state it will shut down its Denver office and eliminate 52 jobs as of June 15, according to the Colorado Department of Labor and Employment. About 20 employees were offered the chance to relocate to another Linn office, according to CDLE. Company officials couldn't be reached for comment late Monday. Linn (Nasdaq: LINE) finished its $4.9 billion merger with Denver-based Berry Petroleum Corp. in December 2013. Linn currently…
  • $255 million apartment sale in Superior said to be Colorado's largest ever

    Molly Armbrister
    20 Apr 2015 | 2:38 pm
    A 1,206-unit apartment complex in Superior has sold for $255 million, according to public record, making it the largest apartment-complex sale in Colorado's history, according to the brokerage that handled the deal. The Horizons at Rock Creek at the intersection of U.S. 36 and 88th Street has been sold to Bell Partners of Greensboro, North Carolina. Simpson Housing LLP was the seller, represented by ARA Newmark. “There were 20 competitive offers on the property given the market’s strong fundamentals,”…
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    Greensboro Business News - Local Greensboro News | The Business Journal of the Greater Triad Area

  • Report: Volvo narrows shortlist for $500M plant to S.C. and 'second state'

    Carla Caldwell
    20 Apr 2015 | 7:14 pm
    Volvo Cars has narrowed its shortlist to a site in South Carolina and a site in “another Southern state” as it prepares to invest $500 million in its first U.S. plant, according to people with knowledge of the matter, Reuters reports. Volvo U.S. spokesman Jim Nichols said the Swedish automaker hopes to make a decision "in the next few weeks," Reuters adds. The sources did not identify the second state in the running or provide additional details, the news service said. Sites previously mentioned…
  • Time is ripe to fix Greensboro’s economic development efforts

    Mark Sutter
    20 Apr 2015 | 1:34 pm
    So let’s give Brent Christensen a hearty welcome to Greensboro! As the Greensboro Partnership’s new lead economic developer, his timing couldn’t be better. Or worse. It depends how you look at it. The thing is that the bar seems to be set so low, just about anything positive Christensen does will be seen as an improvement in a lot of people’s eyes. There’s no two ways around it. Economic development efforts in this city have been a bit of a mess. Greensboro has made progress, especially…
  • Behind the scenes: What it takes to run the Sheraton Greensboro

    Kristin Zachary
    20 Apr 2015 | 12:38 pm
    What do Vera Wang, Michael Jordan and George W. Bush have in common? They've stayed in the same suite at the Sheraton Greensboro. Not at the same time. Director of Sales Kelly Harrill remembers stopping by Suite 2885 to see if Wang needed anything. He was greeted by a rush of activity as her staff worked to prepare for a show. "There were racks and racks of clothes," Harrill said, his hands gesturing to any empty space in the living-room area of the suite. "She had three people in here, and all…
  • Wells Fargo in talks to buy GE's commercial lending business, reports say

    Adam O'Daniel
    20 Apr 2015 | 12:00 pm
    Wells Fargo & Co. wants a bigger piece of General Electric Co. The Wall Street Journal at midday reported the bank (NYSE: WFC) is negotiating to buy all or part of GE's commercial lending unit, a business with $74 billion in assets that lends money to middle-market U.S. companies. The report, citing anonymous sources, says GE's (NYSE: GE) talks include other potential bidders. Other details are not known. GE's commercial lending unit is the largest banking business in GE's portfolio. The talks…
  • Faced with 'salary crisis' N.C., Triad community colleges seek to restore $59M in state funding

    Katie Arcieri
    20 Apr 2015 | 11:48 am
    Community colleges across North Carolina and the Triad are lobbying legislators to restore $59 million of state funding over two years in a move to help boost faculty and staff salaries. The effort to undo "management flexibility cuts" comes as many community colleges are suffering from a shortage of talent and difficulty retaining high-performing instructors — a result of the rebounding economy and growing number of available jobs. College officials say more state funding is needed to retain…
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    Honolulu Business News - Local Honolulu News | Pacific Business News of Honolulu

  • Summer airfares to Hawaii drop, Airlines Reporting Corp. study says

    Jason Ubay
    20 Apr 2015 | 7:31 pm
    The cost of airfare to and from Hawaii destinations during the summer months has been falling, while fares to other U.S. cities have remained relatively flat, according to a study by Airlines Reporting Corp., which provides business services to travel agencies. Airlines Reporting Corp. looked at tickets sold before March 31 through its participating travel agencies for travel between Memorial Day and Labor Day, which is May 25 and Sept. 7 this year. It reported on only the top 30 U.S. destinations…
  • Developer breaks ground on redevelopment in Honolulu's Kalihi neighborhood: Slideshow

    Duane Shimogawa
    20 Apr 2015 | 6:00 pm
    The California developer of a 26-home redevelopment project in Honolulu's Kalihi neighborhood broke ground on the project Monday at the site, which was once marketed as a location for a 22-story high-rise condominium. The project includes a total of 26 units, including 16 new single-family homes and five duplexes, with prices ranging from $425,000 to $725,000. Gregory Owen, founder and CEO of Vacaville, California-based Blue Mountain Homes LLC, told PBN Monday after the groundbreaking of the firm’s…
  • $3M suites up for sale at Maui's Honua Kai Resort

    Jason Ubay
    20 Apr 2015 | 5:45 pm
    Eight oceanfront three-bedroom suites at West Maui’s Honua Kai Resort & Spa recently went on the market with prices starting at $3 million, and sales have been brisk. Erika Alm, principal at PowerPlay Destination Properties, which oversees the sales and marketing at Honua Kai, said three residences sold shortly after they commenced the marketing campaign. Each of the suites measures 2,200 square feet and has three bedrooms and three bathrooms. Amenities include a 1,000-square-foot lanai, Viking…
  • Bank of Hawaii sees gain from sales of Visa shares

    Jason Ubay
    20 Apr 2015 | 5:42 pm
    Bank of Hawaii Corp. reported a positive first quarter, with $42.4 million in profits and improvements in several categories, including a net gain of $10 million from the sale of shares in Visa Inc. Bank of Hawaii (NYSE: BOH) reported noninterest income of $52.3 million in the first quarter, a $7.5 million increase from the same quarter a year ago. It included a net gain of $10.1 million resulting from the sale of 95,000 Visa (NYSE: V) Class B shares, or 156,589 Class A equivalents. Bank of Hawaii…
  • Thirty Meter Telescope construction in Hawaii delayed indefinitely

    Lorin Eleni Gill
    20 Apr 2015 | 5:34 pm
    Construction on the Thirty Meter Telescope on Hawaii's Mauna Kea volcano has been delayed for a third time this month, with no official date set to return. TMT spokeswoman Sandra Dawson told PBN Monday it is unclear when construction will resume. “There are conversations happening among various stakeholders so we’re playing it by ear to see those conversations play out and what happens,” she said. In a statement released Friday evening, Gov. David Ige said that any further construction delays…
 
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    Houston Business News - Local Houston News | Houston Business Journal

  • Houston mall under contract to be sold

    Olivia Pulsinelli
    20 Apr 2015 | 2:41 pm
    Northwest Mall may have a new owner soon. The 51.75-acre property — where U.S. Highway 290 meets the 610 Loop — is listed as under contract on HFF’s website. The real estate firm began marketing the property for Houston-based Levcor Inc. in September. No additional details about the potential deal were available, and HFF was not immediately available to comment. Start your day with Houston Business Journal news in your inbox. Sign up for Morning Edition here. The 800,000-square-foot…
  • Rice Business Plan finalist looks for Houston manufacturing space

    Joe Martin
    20 Apr 2015 | 2:33 pm
    DexMat Inc., a company out of Rice University, is ready to leave the nest. Founded in February, DexMat debuted at Rice University's Business Plan Competition, held April 16-18. It took home fifth place and $65,000 in cash and services at the award ceremony held April 18. One of the awards, given by NASA, includes the ability to test the product on the International Space Station. Now that the competition is over, DexMat is ready to get to work. The company can produce samples for prospective government…
  • Houston health care company buys TMC-area hospital

    Joe Martin
    20 Apr 2015 | 12:39 pm
    Houston-based Nobilis Health Corp. has acquired Victory Medical Center Houston, a surgical hospital near the Texas Medical Center. Nobilis acquired a controlling stake in the hospital for $1.5 million in cash and leases valued at $2.4 million. The hospital was opened in 2011 after the previous owner filed for Chapter 7 bankruptcy. This deal comes a less than a year after Nobilis, formerly Northstar Healthcare Inc., acquired First Street Hospital and First Street Surgical Center in a partnership…
  • Exclusive: Star Houston hedge fund founder steps down

    Suzanne Edwards
    20 Apr 2015 | 12:34 pm
    Dave Coolidge, one of Houston's most well-known hedge fund managers, has retired at the age of 49 from his natural gas hedge fund, Velite Benchmark Capital Management LP, only nine years after the fund's debut. Assuming Coolidge's place is Eric Bass, an Enron alumnus whom Coolidge personally hired in 2008 as a trader. Got Energy? Sign up for our Energy Inc. newsletter here "I was kind of blown away during the interview," said Coolidge. "He’s very intelligent, very sincere, very genuine and…
  • After Goodman acquisition, Daikin expands its HVAC technology into Houston residential projects

    Paul Takahashi
    20 Apr 2015 | 12:28 pm
    When Daikin Industries Ltd. acquired Houston-based Goodman Global Group Inc. in 2012, the Japanese air conditioning giant had a tiny presence in the United States. Since its $3.7 billion acquisition however, Daikin — one of the largest HVAC manufacturers in the world— has aggressively pushed its heating and cooling systems into the American market, starting in Houston. Daikin North America, along with its Goodman and Amana brands, hopes to become the No. 1 residential, commercial and industrial…
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    Jacksonville Business News - Local Jacksonville News | Jacksonville Business Journal

  • CSX not concerned about new oil train regulations

    Jensen Werley
    20 Apr 2015 | 11:57 am
    An emergency order from the Department of Transportation requiring trains carrying crude oil to slow down could have some major effects — including further regulations and involvement from DOT, Congress and even the White House — on the industry, but CSX Corp. doesn't seem overly concerned. In a phone interview with CEO Michael Ward on Wednesday — two days before the emergency order called for trains carrying oil or ethanol to slow down to 40 miles per hour while in congested areas — Ward…
  • Business owner Jack Demetree had a love for real estate, family

    Andrew Thurlow
    20 Apr 2015 | 11:55 am
    Jack Charles Demetree, a prominent businessman and founder of Demetree Enterprises Inc., died at his home on April 15 at the age of 87. Demetree, who was born in Tallahassee on Oct. 2, 1927, grew up around the development business and always had a passion for real estate, said his son, Jay Demetree, who along with his two brothers formed Demetree Brothers in the early 1980s. In the 1950s, Jack Demetree turned a homebuilding business into the commercial and multifamily residential development company…
  • If no one else will connect Jacksonville and Cuba, this businessman will

    Jensen Werley
    20 Apr 2015 | 11:22 am
    One Jacksonville businessman isn't waiting until the city government or Jax Chamber launches a trade mission to Cuba. Instead, he's going to do it himself. “I'm not going to wait for that to happen,” said Eric Smith, an attorney and former city councilman. “I'm going sometime this year. I've been gathering names of interested businesspeople and I plan to sponsor a mission to Cuba as former city council president. Whoever is in power, if interested, can be involved.” Smith's plan is to…
  • ​Why a Jacksonville group wants to pull the plug on payday lending

    Colleen Michele Jones
    20 Apr 2015 | 11:13 am
    A Jacksonville watchdog group wants to put an end to what it says are “predatory” lending practices in Northeast Florida and nationwide. The Raise Florida Network — a coalition of public and private institutions, community groups and faith-based organizations — is lobbying for support of a proposal by the Consumer Financial Protection Bureau that would rein in high-interest payday and check cashing lending because it wants to draw attention to the issue at a statewide and local level. “In…
  • Scenes from Jacksonville's soaring 40 Under 40 celebration

    20 Apr 2015 | 10:34 am
    Scenes from Jacksonville's soaring 40 Under 40 celebration
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    Kansas City Business News - Local Kansas City News | Kansas City Business Journal

  • Brownback vetoes bill that would have driven Uber out of Kansas

    Austin Alonzo
    20 Apr 2015 | 2:50 pm
    Kansas Gov. Sam Brownback has vetoed a bill that may have driven Uber Technologies Inc. out of the state. On Monday, Brownback vetoed Senate Bill 117, according to an announcement from this office. “I believe this bill is premature. To overregulate or improperly regulate an emerging industry before the marketplace actors make proper arrangements is to invite more problems, not less,” Brownback said in a statement. “I believe more time, more collaboration, and more discussion will ultimately…
  • Despite new law, Uber still picking up in KC; State legislation updates

    Austin Alonzo
    20 Apr 2015 | 12:58 pm
    Kansas City's new for-hire transportation ordinance is now in effect, but plenty of questions remain about the future of ride-hailing companies in Kansas City, as well as the states of Kansas and Missouri. Uber On Sunday, an ordinance reforming the city's laws concerning taxicab, livery and ride-hailing companies passed by the Kansas City Council became the city's law. San Francisco-based Uber Technologies Inc. said those laws would "effectively eliminate" the ride-hailing industry in Kansas City.…
  • Black chamber takes on regional focus

    Brian Kaberline
    20 Apr 2015 | 12:44 pm
    The Kansas Black Chamber of Commerce is expanding to serve a four-state region as the Heartland Black Chamber of Commerce. Christal Watson, CEO of the Heartland chamber, said the organization will serve Kansas, Missouri, Nebraska and Iowa. The area is ripe for the services a chamber can provide, she said, with the Kansas City, Mo., black chamber reorganizing, only one such organization in Nebraska and none in Iowa. “We felt the time was right to expand and be a support to all the area chambers,…
  • KC-based auto hauler plans to drop off nearly 100 local employees

    Leslie Collins
    20 Apr 2015 | 11:51 am
    Jack Cooper Transport Co. Inc. may lay off up to 95 employees in Clay County, according to a recent Worker Adjustment and Retraining Notification Act (WARN) notice filed with the state of Missouri. According to the WARN filing, the Kansas City-based company plans to lay off employees from its Claycomo location. The layoffs would take effect May 1. Jack Cooper declined to comment, saying it's against company policy to comment on ongoing labor conversations. According to its website, Jack Cooper…
  • KC's newest venture capital fund makes first investment

    James Dornbrook
    20 Apr 2015 | 10:13 am
    Flyover Capital, an early stage venture capital company founded in 2013, announced that it's making its first investment. Flyover Capital invested $1.75 million in a company called Opendorse, which is a technology platform designed to help athletes get connected with marketers seeking endorsements. The company isn't designed to help athletes like Tiger Woods, Tom Brady, LeBron James or Albert Pujols, who are some of the most recognized names in sports. Instead, the service targets the athletes in…
 
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    Los Angeles Business News - Local Los Angeles News | Los Angeles Business from bizjournals

  • Nugg pot app lights up

    Annlee Ellingson
    20 Apr 2015 | 2:14 pm
    It's 4/20, the stoner's unofficial annual holiday, and an apropos date for the launch of a new pot app. Los Angeles-based Nugg went live today in the Los Angeles and Orange County areas. The ordering platform for medical marijuana aims to connect patients with trusted cannabis providers, create a convenient and safe ordering experience, and ultimately legitimize the industry by connecting marijuana patients and businesses and empowering them to operate legally and efficiently. Nugg caters specifically…
  • ​IMAX, Warner Bros extend partnership through 2020

    20 Apr 2015 | 2:07 pm
    IMAX Corp. and Warner Bros. Pictures have agreed to extend their 10-year partnership in deal to release up to 30 films from the studio's slate through 2020. Under the agreement, IMAX(NYSE: IMAX) will be part of a number of high-profile tentpoles from Warner Bros. Pictures, including “The Man from U.N.C.L.E.,” “In the Heart of the Sea,” “Batman v Superman: Dawn of Justice,” the “Tarzan” movie, the “King Arthur” movie, “Suicide Squad,” “Geostorm,” “Fantastic Beasts and…
  • ​Ares Management to buy lending portfolio of First Capital

    20 Apr 2015 | 1:14 pm
    Ares Management L.P. has agreed to acquire the asset-based lending portfolio of First Capital Holdings Inc., a move that will expand Ares’ commercial finance platform. With the transaction, terms of which weren’t disclosed, the Ares(NYSE: ARES) said its commercial finance platform, which is part of the firm’s Direct Lending Group, will have about $700 million of loan commitments. The Ares Commercial Finance division, which operates in seven U.S. locations, will be expanded with members of…
  • Ex-Disney Chair Cook launches media company

    20 Apr 2015 | 1:13 pm
    Former Walt Disney Co. Chairman Dick Cook has launched his own media company backed with a $150 million investment from China-based conglomerate Citic Group. The new Los Angeles-based company, called Dick Cook Studios, will focus on creating family-oriented movies, TV shows and other entertainment. Productions will include live-action and animated motion pictures as well as television, digital/mobile product, video games, stage plays and related licensing, reported Deadline.com. “Our mission…
  • ​L.A. County jobless rate down to 7.6 percent in March

    20 Apr 2015 | 1:05 pm
    Following a statewide trend, Los Angeles County’s unemployment rate improved in March as employers hired more workers over the month, according to latest figures from the California Employment Development Department. The seasonally adjusted unemployment rate for the L.A.-Long Beach-Glendale area slipped to 7.6 percent in March from a revised 7.8 percent in February and was below the rate of 8.6 percent a year ago. The county added 8,000 civilian jobs to 4.68 million in March 2015, while unemployment…
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    Louisville Business News - Local Louisville News | Business First of Louisville

  • River Ridge board OKs possible sale of 63 acres for $3.9 million

    Marty Finley
    20 Apr 2015 | 6:43 pm
    The beat goes on at River Ridge Commerce Center. At its regular meeting on Monday, the River Ridge Development Authority, which governs the 6,000-acre commerce center in Jeffersonville, authorized executive director Jerry Acy to start negotiations on three more potential land sales. The identity of all three potential buyers were undisclosed, in keeping with authority policy on pending land purchases. Here is a summary of the three possible deals: The largest negotiation concerns 40 acres near…
  • Jeffersonville Menards tweaks timeline for opening

    Marty Finley
    20 Apr 2015 | 11:59 am
    A Wisconsin-based hardware and home improvement store is expanding southward, and its new Southern Indiana store should be offering its products to consumers later this year. Jeff Abbott, a spokesperson for Eau Claire, Wisc.-based Menard Inc., said the Jeffersonville Menards location should open within a few months. “Although no official timeline has been established, everything appears to be on schedule for a fall 2015 opening,” he said in an e-mail to Business First on Monday. The company…
  • Is it time for Kentucky to loosen its marijuana laws?

    David A. Mann
    20 Apr 2015 | 11:59 am
    Is Kentucky behind the times on legalizing marijuana? Today, American City Business Journals — Louisville Business First's parent company — posted several stories about the business opportunities surrounding marijuana. On our site this morning, we've had stories on how to invest in the cannabis industry and about figuring out the varying state laws related to legalized marijuana, among others. It all got me thinking about whether Kentucky ever would legalize marijuana for medical use, so I…
  • Medicaid: Anthem is still calculating profitability of Kentucky contract

    David A. Mann
    20 Apr 2015 | 11:42 am
    A contract with the state of Kentucky has meant $440 million in revenue for Anthem Inc. since January 2014, said Cecelia Manlove, president of Anthem Blue Cross Blue Shield Kentucky Medicaid. That said the company is still trying to figure out exactly how much of a profit the contract generated. A profit-sharing program is built into Anthem's contract, meaning that some of the money it made will go back to Kentucky. "We're still kind of vetting the numbers and seeing what it might mean," she said. Anthem's…
  • Tour of New Homes going mobile this weekend

    Marty Finley
    20 Apr 2015 | 11:23 am
    The Tour of New Homes has been an annual residential showcase in Louisville for years, but this weekend's event has added a technological edge: You can tour the homes from your smart device. The Tour of New Homes, which is hosted by the Building Industry Association of Greater Louisville, is scheduled from noon to 6 p.m. on Saturday, April 25, and Sunday, April 26. Admission is free. The annual tour is a showcase of more than 80 homes across the Louisville area. Gail Schell, vice president of events…
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    Memphis Business News - Local Memphis News | Memphis Business Journal

  • Retailer opens Germantown location after 65 years in Memphis

    Meagan Nichols
    20 Apr 2015 | 11:06 am
    A company that has served the greater Memphis area for 65 years will celebrate that milestone with the opening of a new location. Robert W. Kiser debuted the original Kiser’s Floor Fashions in 1950, and now the third-generation run family business plans to launch store No. 3 in the Shops at Forest Hill at 9155 Poplar Ave. in mid-May. “My dad opened the business in 1950, and we were in Crosstown across from Sears,” said Marty Kiser. “That was the mecca in shopping at the time. Then we moved…
  • Ohio manufacturer expanding into Mississippi

    Michael Sheffield
    20 Apr 2015 | 10:55 am
    An Ohio-based seating manufacturer is expanding into Tupelo, Mississippi. Commercial upholstered seating manufacturer Kellex Seating is investing $600,000 to build a production facility in the former Tupelo Manufacturing facility, which is expected to create 75 jobs. “The past several months have seen unprecedented growth in demand for furnishings, particularly in the hotel and timeshare segments,” said Chris Rice, president of Kellex. “Our new Tupelo facility ensures that we will be able…
  • KIPP executive director steps down

    Michael Sheffield
    20 Apr 2015 | 10:34 am
    Nearly seven years after becoming executive director of KIPP Memphis, Jamal McCall will leave his position at the end of the school year. McCall, who served as a principal and director of KIPP Schools in Columbus, Ohio, took over KIPP Memphis in 2008 when the organization had one school in the city. KIPP oversees 162 charter schools in 20 states around the U.S. The organization is based in Houston and serves more than 59,000 students nationwide. It currently has seven schools with 1,700 students…
  • A dozen Memphis ad agencies going to nationals

    Meagan Nichols
    20 Apr 2015 | 10:12 am
    Last week we announced a Memphis-based design firm was headed to Las Vegas for the national-level American Advertising Awards; now we know 12 local firms are taking that trip. The AAF District 7 Spring Convention was held in Knoxville April 10-11. Award recipients advanced to nationals, which are slated for June 13. Other highlights from the event included Susan Ewing, vice president and director of client services for Sullivan Branding, receiving the Otis Dodge Memorial Award for her “significant…
  • Gus's finds spot for Chicago location

    Ed Arnold
    20 Apr 2015 | 10:10 am
    Gus's World Famous Fried Chicken is expanding across the nation and has recently found a location for its Chicago restaurant. According to the Chicago Tribune, the new Gus's will be in the West Loop section of Chicago, which has seen many new restaurants over the last year. The Chicago Gus's will be in a 3,000-square-foot space at 847 W. Fulton Market. The new location is expected to open in October or November. In February, Gus's announced its plan to nearly double its footprint during 2015. There…
 
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    Milwaukee Business News - Local Milwaukee News | The Business Journal of Milwaukee

  • Mitchell International’s new airport director resigns after just four months

    Todd Bragstad
    20 Apr 2015 | 3:30 pm
    Terry Slaybaugh said Monday he is leaving his post as airport director for General Mitchell International Airport in Milwaukee, a position he just accepted in January. In a letter of resignation, he noted that the relocation from Dayton, Ohio, to Milwaukee “posed significant challenges” to his family, which he wrote is “my top priority.” Slaybaugh had been director at Dayton’s airport since March 2011 prior to joining Mitchell International a few months ago. Milwaukee County director…
  • Historic protection approved for 3rd Ward building on development site

    Sean Ryan
    20 Apr 2015 | 3:04 pm
    A Milwaukee commission approved historic protections for a 131-year-old former tavern in the 3rd Ward that developers may try to tear down to build new apartments. The building was most recently a student union for the Milwaukee Institute of Art & Design, which sold it to local developers General Capital Group and Joseph Property Development. The two-story building is at the point where East Menomonee and East Erie streets meet. Its notable history includes surviving the 1892 that destroyed most…
  • Sen. Fitzgerald sets meeting for Wednesday on arena funding

    Rich Kirchen
    20 Apr 2015 | 3:01 pm
    Less than one week after a Marquette University Law School poll showed public opposition to the state providing $150 million in financing for a new arena in downtown Milwaukee, state Senate Majority Leader Scott Fitzgerald will convene a meeting in Madison with key players in the discussion. The meeting will include leaders from the state Legislature, the city of Milwaukee, Gov. Scott Walker’s office and the Milwaukee Bucks, Myranda Tanck, Fitzgerald’s communications director, told the Milwaukee…
  • Hearing starts in SEC fraud case against Laurie Bebo

    Rich Kirchen
    20 Apr 2015 | 12:52 pm
    After former Assisted Living Concepts Inc. CEO Laurie Bebo failed in her efforts to block a U.S. Securities and Exchange Commission fraud case against her, an administrative law hearing started Monday in Milwaukee. Bebo appeared at the hearing with her attorneys from Reinhart Boerner Van Dueren SC, Milwaukee. Also at the federal courthouse in downtown Milwaukee were four attorneys from the SEC and administrative law judge Cameron Elliot. Monday’s hearing started with procedural matters as Elliot…
  • Pub Club planning 'parklet' on Old World Third

    Alison Bauter
    20 Apr 2015 | 12:44 pm
    Old World Third Street's new Pub Club could soon add a "front door patio" to the street, if a resolution granting permission passes the Milwaukee Common Council. According to plans submitted to the city, the restaurant and bar wants to add a wooden "parklet" along the eastern length of its building. "Parklets" are public spaces created at the curb in place of parking. The wooden structure would provide an outdoor drinking and dining area for customers. Owners also plan to offer outside dining on…
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    Minneapolis Business News - Local Minneapolis News | The Minneapolis / St Paul Business Journal

  • Excelsior Group has deal to buy West End site for office towers

    Sam Black
    20 Apr 2015 | 3:20 pm
    Fresh off its purchase of the Parkdales office complex in St. Louis Park, The Excelsior Group has reached a deal to buy a seven-acre office development in the West End mixed-use district to develop up to 700,000 square feet in two 11-story office towers. The agreement, but not the price, was disclosed on the agenda for Monday's St. Louis Park City Council meeting. Eden Prairie-based Excelsior hasn't disclosed detailed plans for the vacant land, such as who would be the general contractor, architect…
  • Confirmed: Chicago diner will sprout second location in Minneapolis (Photos)

    Clare Kennedy
    20 Apr 2015 | 12:58 pm
    Eggy's, a Chicago-based diner, will open a new location in the Twin Cities this summer. The restaurant is slated to go into the LPM Apartments tower in Minneapolis' Loring Park neighborhood, a development owned and operated by Chicago-based Magellan Development Group. I reported on April 10 that an entity called Eggy's LPM had filed preliminary plans with the city of Minneapolis for that address. “Minneapolis is a very exciting market with a growing food scene, so for us, it’s a natural progression,”…
  • MinnMed raises $16.6M ahead of medical marijuana dispensary openings

    Katharine Grayson
    20 Apr 2015 | 12:54 pm
    Minnesota Medical Solutions (MinnMed) has closed on $16.6 million in capital as it prepares to open medical marijuana dispensaries this summer. The Edina-based startup is one of two licensed medical marijuana growers in the state. MinnMed raised the funding from individual investors, most of whom live in Minnesota, said CEO Dr. Kyle Kingsley. SURVEY SAYS: Nearly 1,000 Minnesotans want in on medical marijuana The 20-employee business was able to raise capital quickly, he added. "There was pretty…
  • Cargill's $1B Indonesia plan includes poultry and palm oil

    Clare Kennedy
    20 Apr 2015 | 12:47 pm
    Cargill Inc. is upping the ante on its investment in Indonesia, one of the largest national economies in Southeast Asia. The Wayzata-based agribusiness giant is "in active discussions" to break into the country's poultry industry (most likely through a local partner) with additional plans to build a new processing facility, according to a report in the Wall Street Journal. The company is also putting a "very significant" amount of money into building palm oil milling operations, said Cargill's…
  • Alliance Francaise plans $2.5M renovation in North Loop

    Clare Kennedy
    20 Apr 2015 | 12:38 pm
    The Twin Cities chapter of the Alliance Française is about to embark on a capital campaign. The nonprofit, which provides French classes and cultural events, is planning a $2.5 million overhaul of its 130-year-old building in Minneapolis' North Loop neighborhood. The building at 113 N. First St. has not undergone any significant updates since 1998, when the Alliance bought what was then a private residence and photography studio. RELATED: Developers cancel North Loop Minneapolis condo project The…
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    Nashville Business News - Local Nashville News | The Nashville Business Journal

  • BofA Merill Lynch: Buy Franklin Synergy’s stock

    Scott Harrison
    20 Apr 2015 | 11:53 am
    Bank of America Merrill Lynch expects Franklin Synergy Bank’s shares to soar. In a research note Monday, BofA Merrill Lynch analysts said shares of Franklin Financial Network (NYSE: FSB), Franklin Synergy’s parent company, are trading at a deep discount, according to financial websites Seeking Alpha and Benzinga. As Benzinga reports, BofA analysts have placed a buy rating on Franklin Synergy’s stock and set a price target at $27 per share. That’s more than 28 percent higher than the current…
  • Glassdoor ranks the 25 highest-paying jobs in the U.S.

    Mel Meléndez
    20 Apr 2015 | 11:49 am
    When it comes to the best-paying jobs maybe mother does know best, as doctors and lawyers are among the 25 highest-earning positions in the U.S., according to a study by Glassdoor. The Mill Valley, Calif.-based website, which touts itself as "the world's most transparent career community," recently released its 25 Highest-Paying Jobs In Demand report. To see which jobs made the top 10 click on the accompanying slideshow. The website is popular with job seekers and employers because it collects…
  • What the Country Music Marathon means for St. Jude

    Eleanor Kennedy
    20 Apr 2015 | 11:00 am
    Boston may have the marathon spotlight today, but come Saturday, more than 30,000 runners will fill the streets of Music City. And the Nashville marathon is more than just a chance for people who (for some reason) get a kick out of running for four-straight hours. It's also a major fundraiser for Memphis' St. Jude Children's Research Hospital. In advance of the impending race, I sat down with Rick Shadyac Jr., president and CEO of ALSAC, the fundraising and awareness organization for St. Jude,…
  • Gulch Crossing announces two new tenants

    E.J. Boyer
    20 Apr 2015 | 10:04 am
    Two new tenants have signed leases to open in the forthcoming Gulch Crossing office building, an eight-story Class-A office building that will offer over 16,000 square feet of street-level retail. Apothecary, a full-service pharmacy, and Gulch Dental Studio, a cosmetic and general dentist practice, will both open in retail spots, joining Potbelly Sandwich Shop, which the Nashville Business Journal reported on in February. While the tenants may not represent the soft goods retailers urban residents…
  • Bloomberg: Rich U.S. universities are getting richer (Video)

    20 Apr 2015 | 8:02 am
    Bloomberg: Rich U.S. universities are getting richer (Video)
 
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    Orlando Business News - Local Orlando News | The Orlando Business Journal

  • I-Drive 360 beefs up social media push as opening nears

    Richard Bilbao
    20 Apr 2015 | 2:10 pm
    In two weeks, International Drive will welcome a new comer to its line-up of attractions, restaurants and nighttime entertainment. But some tenants at I-Drive 360, slated to open May 4, already is running hard on social media to build up hype for its opening. The most notable are the social media accounts of I-Drive 360's big players — The Orlando Eye, Madame Tussauds Orlando and Sea Life Orlando. For example, see some of the latest posts from Twitter below. The $200 million complex is the first…
  • I-Drive Olive Garden seeks big-money landlord

    Anjali Fluker
    20 Apr 2015 | 12:25 pm
    A trophy restaurant property on Orlando’s International Drive is on the market, seeking a landlord with deep pockets. The 10,386-square-foot building on 3.61 acres at 8984 International Drive in southwest Orlando is being marketed on LoopNet.com for $12.2 million at a capitalization rate — cap rate — of 4.25 percent. The listing agents are The Boulder Group and Lee & Associates, the listing showed. Olive Garden has a 20-year lease on the property and generates a net operating income for a…
  • City buys 7 Orlando apartment complexes for $6.8M

    Anjali Fluker
    20 Apr 2015 | 11:55 am
    The city of Orlando is now the owner of seven foreclosed apartment complexes — and it plans to sell two of those to a nonprofit group led by businesses seeking to improve the area surrounding the Orlando Citrus Bowl. The city on April 15 closed on the $6.8 million purchase of the properties west of downtown, which total 680 units, from Cam Disposition Holdco LLC, according to Orange County records. Meanwhile, the city council on April 20 approved the sale of the Orange Manor and Washington Shores…
  • UCF partners with 3-D arm group for new biomedical manufacturing center

    Matthew Richardson
    20 Apr 2015 | 11:42 am
    The University of Central Florida is teaming up with the creators of 3-D printed prosthetic limbs to develop a research center that focuses on cost-effective and innovative medical solutions. Limbitless Solutions, a UCF student-led organization that builds prosthetic arms using 3-D printers, announced on April 20 its partnership with UCF to develop the Center for Applied Biomedical Additive Manufacturing — called CABAM for short. With the center on UCF's main campus in east Orlando, Limbitless…
  • 3 ways to keep success on a restaurant's menu

    Hernan Tagliani
    20 Apr 2015 | 11:30 am
    Last week, I was talking to a chief marketing officer from a well-know international restaurant chain. He shared with me that his company does not have a strategy in place to reach U.S. Hispanics and he does not foresee happening in the future. It was surprising because the chain has more than 150 locations in six continents, plus, their corporate office is in Dallas, the second-largest Hispanic market in the U.S. Today, more than 35 percent of America is multicultural and Hispanics represent nearly…
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    Philadelphia Business News - Local Philadelphia News | The Philadelphia Business Journal

  • Center City is strong in a lot of things, job growth isn't one of them

    Natalie Kostelni
    20 Apr 2015 | 11:50 am
    Center City continues to be on a positive, upward trajectory ­— $6.7 billion of development completed last year or in the pipeline, a well-educated and growing population, and a diversified economy. However, it consistently continues to lack one big thing: job growth. That is having a financially deleterious effect on office rents, the value of those commercial properties and, ultimately, a “significant” slice of funds for the Philadelphia School District. In its annual State of Center City…
  • The VA investigation: Can the agency provide our veterans with a great customer experience?

    Stan Silverman
    20 Apr 2015 | 11:47 am
    Last week, the Veterans Affairs Inspector General issued a damming 78-page report on an investigation started 10 months ago into the operation of the Philadelphia office of Veterans Affairs. The types of problems identified in this report were consistent with those found in other VA offices across the country that were made public last year. Nine months ago, Robert McDonald, the former chairman and CEO of Procter & Gamble and a successful leader from the private sector, was unanimously confirmed…
  • Temple law prof breaks down possible directions of Comcast merger

    Dan Norton
    20 Apr 2015 | 11:44 am
    A Temple law professor can’t single out any hard evidence the U.S. Department of Justice might have to successfully block Comcast’s $45-billion merger with Time Warner cable. Salil Mehra, a law professor at Temple University, said the two media giants might simply be trying to construct separate cable and Internet revenue streams that do not affect each other in the current two-way market. “Comcast and Time Warner, I think the early analysis is focused on this idea of the subscriber,” Mehra…
  • Labor board’s decision reversal on Pa. Convention Center a "head-scratcher," say experts

    Fran Hilario
    20 Apr 2015 | 11:38 am
    A hearing examiner’s move to deny his prior decision on unfair labor charges against the Pennsylvania Convention Center has left experts scratching their heads since no new evidence has surfaced since the February decision. “It is highly irregular … for them to reverse a decision, particularly when it appears there’s been no new evidence,” said Rick Grimaldi, an attorney at Fisher & Phillips. Pennsylvania Labor Relations Board hearing examiner Jack E. Marino on Friday reversed his decision…
  • Three self-storage sites trade for nearly $30M

    Natalie Kostelni
    20 Apr 2015 | 10:20 am
    A partnership involving Metro Self Storage and LaSalle Investment Management bought three suburban self-storage properties for $29.25 million. The properties totaled 191,000 square feet and they were 89 percent occupied at the time of sale. PFG Capital, a York, Pa., real estate company, was the seller. Metro Self Storage is based in Lake Forest, Ill. The properties acquired were: Newtown Storage, a 26,568-square foot, two-building complex at 100 Silver Lake Road in Newtown, Pa.; StorageWORKs!,…
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    Phoenix Business News - Local Phoenix News | The Business Journal of Phoenix

  • Photos: Hon Kachina to honor community members for service at 38th Volunteer Awards

    Travis Arbon
    20 Apr 2015 | 8:00 pm
    The 38th annual Hon Kachina Volunteer Awards will honor community members who have served veterans, teachers and cancer patients, among other fields. Hon Kachina, a non-profit business and professional volunteer organization, has honored local volunteers each year since 1977. The event will be held May 9 at the Camelback Inn in Scottsdale. Honorees will receive a cash award for their organization and a hand-carved Hon Kachina doll. Click the photo to view a slideshow showing this year's honorees. Hon…
  • Biking barriers remain for most Phoenix-area commuters

    Travis Arbon
    20 Apr 2015 | 5:30 pm
    This week Phoenix is hosting a “Bike to Work Day” event in conjunction with Maricopa County to promote cycling as an alternative method of commuting. But is biking or walking to work feasible for the average Valley worker? According to the 2012 Urban Mobility Report, released by Texas A&M’s Transportation Mobility Institute, the Phoenix metro area has a Freeway Planning Time Index of 3.19, which means that, in general, drivers should plan for 63.9 minutes for every 20 minutes of travel time…
  • Phoenix-based Redrock Partners finalizes $8M purchase of Macaroni Grill

    Korri Kezar
    20 Apr 2015 | 4:07 pm
    The Phoenix-based firm that agreed earlier this year to purchase Romano's Macaroni Grill has finalized the acquisition. Redrock Partners LLC bought the Italian restaurant chain from Houston’s Ignite Restaurant Group Inc. (Nasdaq: IRG) for around $8 million. The investment proved to be a poor one for Ignite, which sold the company just two years after acquiring it from Golden Gate Capital for $55 million. "We continue to believe in the underlying strengths of the Macaroni Grill business," Ignite…
  • Taser tallies more than 6,300 device sales in 1Q

    Patrick O'Grady
    20 Apr 2015 | 4:01 pm
    Taser Internation Inc.may be seeing a decent first quarter, if its sales of stun guns are any indication. The Scottsdale-based manufacturer, which will release its first-quarter financials on April 30, announced today it had sold 1,000 of its new X2 stun guns to the Ontario Provincial Police in Canada. That was added to the thousands more stun guns Taser (Nasdaq: TASR) has sold in the first quarter and expected to ship in the next six months. The total of X2s and X26 devices sold in the quarter…
  • Motor Mondays: ​Easygoing Lexus ES hits buyers’ sweet spot

    Cathy Luebke
    20 Apr 2015 | 3:55 pm
    I no longer see Lexus ES as a so-called “entry-level” luxury sedan. That’s good for the most part with roomy surrounds, upscale finesse and amenities. But maybe not so good if you really want a 4-door entry-level luxury ride. ES quickly gave up the compact dimensions of 1989 original moving to midsize and now closer to the full-size Toyota Avalon rather than Camry. Price, of course, has risen as well – all the while ES claiming Lexus’ sales crown. So who’s going to argue with that strategy. Starting…
 
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    Pittsburgh Business News - Local Pittsburgh News | The Pittsburgh Business Times

  • Exclusive: Where local law school grads found jobs

    Patty Tascarella
    20 Apr 2015 | 11:36 am
    The law schools at the University of Pittsburgh and Duquesne University each had fewer graduates in 2014 than in 2013, but a greater percentage of last year’s crop of newly-minted lawyers found jobs. Of Pitt Law’s 221 graduates last year, 187 were employed, an increase of 5 percentage points over 2013. Some 144 of Duquesne Law’s 170 graduates found jobs, up by 2 percentage points from 2013. How this stacks up nationally will be revealed in the next few weeks as the American Bar Association…
  • While natural gas wells rise in Marcellus Shale country, DEP finds methane and CO levels drop

    Sam Kusic
    20 Apr 2015 | 11:12 am
    The number of wells and midstream facilities reporting air pollution emissions to the state Department of Environmental Protection increased in 2013, but the amount of methane and carbon monoxide they produced decreased. The DEP released its annual air emissions inventory on Monday, showing the number of facilities reporting emissions increased by 18 percent, but the tons of methane they produced dropped by about 13 percent. The tons of carbon monoxide also dropped 10 percent. However, emissions…
  • Attention, shoppers: Aldi picks up local grocery stores at Bottom Dollar prices

    Tim Schooley
    20 Apr 2015 | 10:46 am
    Aldi announced last November it had agreed to buy 66 former Bottom Dollar stores in three states for a total of $15 million. Five of the Pittsburgh-region stores recently closed as real estate transfers and show just how much of a bargain it was for Aldi. The stores sold by Bottom Dollar to Aldi and their prices are: Penn Avenue in the Garfield business district: $765,000 12012 Frankstown Road in Penn Hills: $643,500. 300 Eden Park Boulevard in McKeesport: $699,000 McKees Rocks: $666,000 Homestead:…
  • U.S. Steel warns additional 1,404 employees of potential layoffs

    Justine Coyne
    20 Apr 2015 | 10:16 am
    United States Steel Corp. may have further job cuts throughout its tubular operations, a spokeswoman for the company confirmed Monday. A total of 1,404 employees on Friday were issued notices under the Worker Adjustment and Retraining Notification (WARN) Act. This included 404 management employees located in Houston and throughout U.S. Steel's (NYSE: X) tubular facilities; 579 employees in Lone Star Tubular Operations; 166 in Offshore Operations Houston and 255 at Wheeling Machine Pine Bluff, according…
  • Why a UnitedHealth subsidiary acquired MedExpress - and what its future might be

    Kris B. Mamula
    20 Apr 2015 | 8:33 am
    Optum, a division of health insurance giant UnitedHealth Group, has acquired MedExpress Urgent Care, a leader in walk-in care. Terms of the deal were not disclosed. Eden Praire, Minn.-based Optum announced the acquisition in a news release. Downtown Pittsburgh-based health insurer Highmark Inc. has a 10 percent share in MedExpress, but company spokeswoman Kelly Sorice said the company does not comment on its investor relations. "We've always had a strong partnership with MedExpress, which has…
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    Portland Business News - Local Portland News | The Portland Business Journal

  • CenturyLink buys PIE alum Orchestrate

    Malia Spencer
    20 Apr 2015 | 3:58 pm
    Database startup Orchestrate has been scooped up by telecom CenturyLink. The deal marks the latest alum of the Portland Incubator Experiment to be acquired. Terms of the deal were not disclosed. The last time we checked in with Orchestrate, which has a distributed workforce, the company employed around 15 people. Last fall, Orchestrate unveiled a slate of new features and last spring it hired well known community builder Adam DuVander to help build its developer relations. Members of the Orchestrate…
  • 50 business leaders urge Portland City Council to approve Uber/Lyft

    Malia Spencer
    20 Apr 2015 | 2:58 pm
    Fifty members of Portland’s tech, investor, apparel and creative agency communities are backings efforts to bring companies such as Uber and Lyft to the city. Organized by Dylan Boyd, director of R/GA Ventures and new programs development, the letter notes that Portland has the fourth highest proportion of app developer jobs in the country, yet, it is the last major West Coast city to keep block these transportation options. “Portland is an innovative, progressive and forward-thinking city.…
  • Portland 'big winner' in Under Armour announcement

    Matthew Kish
    20 Apr 2015 | 2:55 pm
    Under Armour's lease of the former YMCA building just south of downtown further cements Portland's reputation as the hub of the sportswear industry. The Business Journal early Monday first reported that the Baltimore-based company will lease the nearly 70,000-square-foot former YMCA on S.W. Barbur Boulevard. The space will house some of its footwear division, which currently occupies 14,300 square feet in the Pearl District. "This move just confirms that Portland and the surrounding region are…
  • 3 real estate takeaways on Under Armour's new SW Portland building

    Andy Giegerich
    20 Apr 2015 | 2:53 pm
    Under Armour's purchase of the old YMCA facility on Southwest Barbur Boulevard, for $10 million, could have a huge effect on commercial real estate both near the site itself as well as throughout the city. We caught up with Jennifer Medak, senior vice president for brokerage for New America International — Norris, Beggs & Simpson, to find out what the deal means. Is this a good price for a) 70,0000 square feet at b) that Southwest Portland location? A “good price” is relative. This facility…
  • A closer look at Under Armour's new Portland site (Photos)

    Andy Giegerich
    20 Apr 2015 | 2:36 pm
    Under Armour's planned Portland expansion marks a clear shot across the bow of its two primary competitors. That is, Under Armour will lease the full 70,000 square feet former YMCA building immediately south of downtown. The spot comes replete with a running track and a prominent site that's visible to thousands of daily commuters. The move will bring Under Armour into a space that's nearly five times bigger than the company's current Pearl District space. The space features: A complete fitness…
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    Raleigh Business News - Local Raleigh News | The Triangle Business Journal

  • CFO: 'Restructuring' continues at IBM

    Lauren K. Ohnesorge
    20 Apr 2015 | 2:41 pm
    Restructuring continues at Research Triangle Park’s largest employer, IBM (NYSE: IBM), but the strategy is working – at least in business segments targeted as strategic growth areas. In its latest quarter, the company reported $280 million in restructuring charges and CFO Martin Schroeter said to expect the same next quarter. The sum is down, however, from the $580 million in restructuring charges reported last year, and the company reports it is starting to see the financial benefits from the…
  • AWS revealed: Amazon's shares pop in anticipation of cloud computing details

    Rachel Lerman
    20 Apr 2015 | 1:04 pm
    Amazon’s quarterly earnings report this week will be a far cry from a standard dry read of the company’s numbers. The Seattle-based e-commerce company will break out financials for its booming cloud computing business Amazon Web Services — a first for the 21-year-old company. Amazon’s stock price climbed more than 3.5 percent in trading Monday to about $389.22 per share. Analysts expect Amazon to post revenue of $22.4 billion, on a loss of 12 cents per share. Read: Amazon Web Services…
  • Image of the day: Wiring Raleigh's Lincoln Apartments

    John West
    20 Apr 2015 | 12:14 pm
    Contractors for Clancy and Theys Construction Company and JDavis Architects work on installing hundreds of cables in the breaker box April 20 at Lincoln Apartments, on the corner of East Martin and Camden streets in Raleigh.
  • Cardinal Health agrees to $27M fine; settles monopoly charges in 25 markets, including Raleigh

    Jason deBruyn
    20 Apr 2015 | 12:05 pm
    Cardinal Health Inc. (NYSE: CAH) agreed to pay $26.8 million to resolve charges brought by the Federal Trade Commission that it illegally monopolized 25 local markets for the sale and distribution of certain pharmaceuticals and forced hospitals and clinics to pay inflated prices for these drugs. Markets where Cardinal was accused of acting improperly include Raleigh, Charlotte and Greensboro. This is the second-largest monetary settlement the FTC has obtained in an antitrust case. The money will…
  • Raleigh's Contego raises $5.6M to develop device to protect arteries

    Jason deBruyn
    20 Apr 2015 | 11:23 am
    Raleigh medical device developer Contego Medical raised $5.6 million and added Dr. Doug Reed of Hatteras Venture Partners to its board. The Series B round was led by Hatteras also included Mountain Group Partners, Lookout Capital and Medical Mutual. Contego has developed a portfolio of devices for vascular procedures. Blocked arteries happen during these procedures and Contego says its products, including the branded Paladin device, help protect against these blockages. "Contego Medical's portfolio…
 
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    Sacramento Business News - Local Sacramento News | The Sacramento Business Journal

  • Cities, police take another hit at legitimizing medical marijuana

    Allen Young
    20 Apr 2015 | 2:41 pm
    To be clear: California’s police and city officials are not fans of 4/20 or anything that supports recreational marijuana use. The drug is dangerous and poses a public safety hazard, they contend. But because medical marijuana is everywhere, police groups and cities, as well as the cannabis industry, are calling for regulations to legitimize the plant for medical use. They all hope to get a law in place before an expected 2016 ballot measure that would legalize recreational pot. That initiative…
  • Cal Fit goes on a hiring binge

    Sonya Sorich
    20 Apr 2015 | 2:20 pm
    California Family Fitness is looking to fill 100 positions during job fairs this week. Jobs are available across the local company's 19 locations in the Sacramento region. Job fairs will be held 3 to 6 p.m. on Tuesday and Wednesday. The Tuesday event is at the company's Folsom club at 700 Oak Avenue Parkway, and the Wednesday event is at the company's downtown Sacramento club at 1012 K St. Full- and part-time positions are available. Full-time jobs range from sales manager to building maintenance…
  • Nurses call strikes at Sutter Roseville, Auburn Faith

    Kathy Robertson
    20 Apr 2015 | 2:13 pm
    The California Nurses Association will hold strikes at five Sutter Health hospitals on April 30, including Sutter Roseville Medical Center and Auburn Faith Hospital. Registered nurses also will strike at Mills-Peninsula Health Services and Sutter hospitals in Santa Rosa and Tracy. The Sutter strikes are part of a larger effort that includes strikes at Kaiser Permanente’s Los Angeles Medical Center, Providence Health and Services hospitals in Santa Monica and Torrance — and the University of…
  • Company selling mini-refinery technology for natural gas

    Mark Anderson
    20 Apr 2015 | 2:08 pm
    Sacramento-based Greyrock Energy has moved from proving its technology to selling its systems. The company developed technology that allows relatively small refining plants to convert natural gas into diesel fuel, which means more fuel is saved and greenhouse gases are reduced. Small is a relative term. The Greyrock system requires nearly two acres of land, but it replicates the process of otherwise massive refineries that sprawl over a hundred acres. The 2006 startup developed its technology…
  • Country Club Plaza partner: Shoe store closure doesn't mean trouble

    Sonya Sorich
    20 Apr 2015 | 12:19 pm
    A partner in Country Club Plaza says the recent closure of Off Broadway Shoe Warehouse isn't a sign of trouble at the largely vacant shopping center at Watt and El Camino avenues. Plans to remodel and update the mall are still underway, said Jerry Wise of Los Angeles-based Brad Management, which is one of the partners in Country Club Plaza. "Part of that updating requires us to empty out stores that don’t fit with our plan in areas we plan to remodel and reconfigure. Off Broadway just didn’t…
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    St. Louis Business News - Local St. Louis News | The St. Louis Business Journal

  • Construction firms named for riverfront NFL stadium

    Brian Feldt
    20 Apr 2015 | 12:52 pm
    A consortium of one out-of-town and three local developers has been selected by the St. Louis Regional Convention and Sports Complex Authority to be the construction manager for a football stadium on the north riverfront downtown. The group, called HCKL Stadium Partners, is comprised of Hunt Construction Group, an AECOM Company, Clayco Inc., Kennedy Associates, Inc. (KAI) and Legacy Building Group. All four previously worked together when Busch Stadium was built in 2004 for $365 million. Meanwhile,…
  • St. Louis shop makes list of ‘Best Donut Shops in America’

    Veneta Rizvic
    20 Apr 2015 | 12:30 pm
    Thrillist, a food and drink website known for its many lists and rankings, released a ‘Best Donut Shops in America’ list and a St. Louis store is featured on the list. The unranked list names the Donut Stop, located at 1101 Lemay Ferry Road, as one of the ‘Best Donut Shops in America.’ “Anyone who grew up around St. Louis knows the Donut Stop. Partially because they’ve been around since 1953 and anything that’s been around for 62 years deserves acknowledgment, but mostly because they…
  • Time running out for Fastest Growing Companies nominations

    Vince Brennan
    20 Apr 2015 | 12:11 pm
    This is the last week to get your nominations in for the St. Louis Business Journal’s Fastest Growing Companies awards. The deadline hits at 5 p.m. on Friday, April 24. These awards span all industries and sizes. To be considered for this list, companies must have a three-year sales history with a revenue increase in fiscal 2014 over fiscal 2013, revenue of more than $1 million in fiscal 2012 and be a locally based independent privately held business, not a subsidiary division or franchise. Local…
  • $64 billion question: How many jobs from education stimulus?

    Greg Edwards
    20 Apr 2015 | 12:06 pm
    With $64 billion spent by taxpayers on public school stimulus programs, how many jobs were created? Pretty close to zero, according to research by the Federal Reserve Bank of St. Louis. In total, taxpayers spent $840 billion on the stimulus program under the American Recovery and Reinvestment Act of 2009, the largest countercyclical fiscal intervention since the New Deal. It had three goals: to create new jobs and save existing ones, to spur economic activity and invest in long-term growth, and…
  • Civilian oversight of city police OK’d

    Jacob Kirn
    20 Apr 2015 | 11:45 am
    City lawmakers on Monday approved civilian oversight of police, but without subpoena or disciplinary power for the seven-person board. The board will investigate civilian complaints against police and can make recommendations. It will review evidence from police investigations. Those who serve on the board will be nominated by the mayor and approved by the Board of Aldermen. The St. Louis Board of Aldermen passed a bill creating the board 17 to 8. Two aldermen voted present. St. Louis Mayor Francis…
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    San Antonio Business News - Local San Antonio News | The San Antonio Business Journal

  • Nearly 64,000-square-foot Windemere at Westover Hills skilled nursing facility planned

    W. Scott Bailey
    20 Apr 2015 | 1:44 pm
    Construction crews are scheduled to break ground on Tuesday on a major new medical facility planned near the Christus Santa Rosa Hospital-Westover Hills campus. The Windemere at Westover Hills skilled nursing center will span 63,956 square feet and house 96 private occupancy suites. The new facility will provide post-acute, transitional and rehabilitative care services in the rapidly growing far west side community. Cantex Continuing Care Network will own the Windemere facility, the company’s…
  • Spurs playoff tickets among the most expensive in NBA

    W. Scott Bailey
    20 Apr 2015 | 12:56 pm
    If a series opening loss in Los Angeles doesn't cost the San Antonio Spurs an opportunity to repeat as NBA champions in the Tim Duncan era, the loss to the Clippers in Game 1 on Sunday has certainly cost some ticket sellers some extra dinero. The Spurs entered the post-season with the third most expensive average ticket price among NBA playoff teams on the secondary market at nearly $321 per seat. After a sound beating in Tinsel Town, the average cost of a ticket for Round 1 games slated for AT&T…
  • Bills could shift pension fund control from state to cities

    Kimberly Reeves
    20 Apr 2015 | 12:37 pm
    Texas business leaders see cities’ inability to control their own pension funds to be a liability that could slow economic development. Rep. Jim Murphy, R-Houston, has filed a bill to shift the control of municipal pension funds away from the state and to local cities in House Bill 2608. Sen. Paul Bettencourt, R-Houston, who replaced Lt. Gov. Dan Patrick in the Senate, is carrying the companion bill in the Senate. Control of public pensions traditionally belonged to the state, set by Texas law.…
  • Fiesta San Antonio giving Austin’s SXSW a run for its money

    W. Scott Bailey
    20 Apr 2015 | 12:26 pm
    Austin gets plenty of attention for its annual South by Southwest film, music and interactive festival. To be sure, the event drives up visitation and spending in the Capital City. But San Antonio knows how to throw a party too. While Fiesta arguably does not have the international multimedia allure of SXSW — or the hipster hype — its financial impact is every bit as significant. Shannon Houghtaling, director of communications and consumer marketing for the Fiesta San Antonio Commission, said…
  • Eagle Ford dairy farmers among those pushing for 'raw milk' bill

    Sergio Chapa
    20 Apr 2015 | 12:24 pm
    South Texas dairy farmers are among those supporting a bill that will enable them to sell raw milk directly to consumers at farmers markets. Texas State Rep. Dan Flynn (R-Canton) filed House Bill 91 back in November. Raw milk is defined as milk that has not been pasteurized or homogenized. Under current state law, Texas farmers can sell raw milk at their dairies but the bill would open up new avenues to sell raw milk directly to consumers at their homes and at farmers markets. Lawmakers with the…
 
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    San Francisco Business News - Local San Francisco News | The San Francisco Business Times

  • Hit with complaint, luxury bus operator puts back wheelchair ramp

    Patrick Hoge
    20 Apr 2015 | 2:59 pm
    Leap, the venture-backed startup offering a swank new private commuter bus service from the Marina to downtown, is promising to restore a wheelchair operating ramp after a complaint was filed against the company. "As a short-term solution, we are removing seats from one of our buses that still has a working ramp to make room for disabled commuters. In the future, these considerations will be a high priority during our design process. We're sorry to anyone we've offended and we hope to do a better…
  • Freshdesk gets $50M to help compete with Zendesk, Salesforce

    Cromwell Schubarth
    20 Apr 2015 | 2:46 pm
    Freshdesk has reloaded in its cloud-based customer support battle with Zendesk and Salesforce. The San Francisco-based company, most of whose employees work in India, raised $50 million in Series E funding, about 10 months after a $31 million round last June. The new round was led by Tiger Global with Accel Partners and Google Capital also participating. Freshdesk President Dilawar Syed told me the company has grown from 4,000 customers two years ago to about 40,000 today, including 3M, Honda…
  • Exclusive: Berkeley marijuana lab raising millions for U.S., overseas expansion (Video)

    Mark Calvey
    20 Apr 2015 | 2:38 pm
    Berkeley-based Steep Hill Labs Inc. is raising $5 million to expand into two states and Jamaica this year as well as pursue innovations in its testing equipment and genetics-related products. Steep Hill, which employs 30 people, generated $1.2 million in revenue in 2014 and has raised $4 million since its founding in 2008. The company is taking advantage of the Jobs Act to raise its next round of financing from accredited investors, who meet SEC qualifications involving their annual income or net…
  • Exclusive: Monterey Bay Aquarium topped 2M visitors in 2014 — here's how the staff pulls it off (Photos)

    Words: Philip Beadle / Photos: Vicki Thompson
    20 Apr 2015 | 2:36 pm
    The Monterey Bay Aquarium attracted 2,066,177 visitors in 2014, the year that marked the aquarium’s 30th anniversary as an economic and educational force on Silicon Valley’s southern fringe. Click on the image to the right for a photo gallery that shows you what it’s like to work at the aquarium. The four-percent increase in visits to the aquarium’s exhibits of otters, cuttlefish and all things aquatic made the Monterey institution the top destination among aquariums in the United States,…
  • What business can learn from a record-breaking swim with jellyfish

    Ron Leuty
    20 Apr 2015 | 2:31 pm
    Jamie Patrick has battled the wave of office-supply superstores, but the swells he takes on in late June will provide a new kind of challenge. The 44-year-old general manager of Patrick & Co. — a three-store, fourth-generation San Francisco office-supply store started in 1873 — will attempt a record-shattering 78-mile marathon ocean swim June 24 off the island of Eleuthera in the Bahamas. The epic swim, which will take about 48 hours, would break the current solo, unassisted swim record of…
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    San Jose Business News - Local San Jose News | The Silicon Valley / San Jose Business Journal

  • Exclusive: Monterey Bay Aquarium topped 2M visitors in 2014 — here's how the staff pulls it off (Photos)

    Words: Philip Beadle / Photos: Vicki Thompson
    20 Apr 2015 | 2:25 pm
    The Monterey Bay Aquarium attracted 2,066,177 visitors in 2014, the year that marked the aquarium’s 30th anniversary as an economic and educational force on Silicon Valley’s southern fringe. Click on the image to the right for a photo gallery that shows you what it’s like to work at the aquarium. The four-percent increase in visits to the aquarium’s exhibits of otters, cuttlefish and all things aquatic made the Monterey institution the top destination among aquariums in the United States,…
  • VC Pete Sonsini on 'unicorn' imbalance, NEA's record fundraising

    Cromwell Schubarth
    20 Apr 2015 | 12:09 pm
    Pete Sonsini has had a good look at the ups and downs of Silicon Valley tech companies for a very long time, beginning when he hung out at the law firm of Wilson Sonsini Goodrich & Rosati in the 1980s, where his dad Larry Sonsini was one of the region's most influential tech lawyers. It's definitely an up time for New Enterprise Associates, the Menlo Park venture firm where Sonsini has invested since 2005. NEA raised a record $3.1 billion in funds this year and is ready to start putting that money…
  • Famed S.F. bakery merges with local coffee powerhouse

    Annie Sciacca
    20 Apr 2015 | 11:19 am
    A couple of the Bay Area’s top artisan food companies are joining forces. Tartine, the popular San Francisco bakery that often sees long lines for its bread and pastries, is merging with Oakland-based Blue Bottle Coffee, and it has big plans for expansion. After 13 years in San Francisco, Tartine will open locations in New York, Tokyo and Los Angeles, and its baked goods will land in Blue Bottle locations. Blue Bottle has 18 locations in the Bay Area, Brooklyn, Los Angeles and Tokyo. The Tartine…
  • A billion users for WhatsApp? Here's how that might happen

    Gina Hall
    20 Apr 2015 | 10:33 am
    WhatsApp raked in billions of dollars when it was acquired by Facebook, but can it pull in a billion users? WhatsApp has more than 800 million monthly active users, according to a post on WhatsApp CEO Jan Koum’s Facebook page on Friday. Koum sold the app to Facebook in 2014 for $22 billion. The app has added 100 million active users each month since August. Facebook CEO Mark Zuckerberg recently stressed the importance of getting WhatsApp to a billion users, a point where he believes the app would…
  • Under pressure, Airbnb showcases how hosts and guests pump millions into S.F.'s economy

    Jahna Berry
    20 Apr 2015 | 7:45 am
    Airbnb’s community had a $469 million economic impact on San Francisco last year and hosts in the city earn about $13,000 annually, according to a report released by the company. The report comes as San Francisco and California lawmakers have called for tougher regulations on the business, which helps people rent space in their homes to temporary guests. The San Francisco Board of Supervisors passed a law last year that legalized Airbnb rentals, but a city official tasked with implementing it…
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    Seattle Business News - Local Seattle News | The Puget Sound Business Journal

  • Developers circle Seattle high-rise development site by Amazon HQ

    Marc Stiles
    20 Apr 2015 | 2:51 pm
    Antioch University President Emeritus Al Guskin made a wise decision nearly 20 years ago when he approved the university's $3.8 million purchase of an old building that squatted on what was then the outer edge of downtown Seattle. Today Antioch's property at 2326 Sixth Ave., is next to where Amazon.com (Nasdaq: AMZN) is building a huge, four-block campus, and the appraised value of the university's Seattle real estate is now $19.4 million. A 40-story tower can be built on the three-quarters of…
  • Washington cideries raise a glass to celebrate new law

    Rachel Lerman
    20 Apr 2015 | 2:18 pm
    Soon you will have more chances to taste the cider made from Washington’s best-known agricultural crop. The Washington state Legislature passed a law last week that allows the fast-growing cider industry in the state to collect its own assessment from cideries in Washington. That means the Northwest Cider Association will have funds to market and educate people about the different varieties of cider produced in the state. The cider industry was previously rolled into the Washington Wine Commission.…
  • Juno stock drops on report of lackluster immunotherapy results on solid tumors

    Annie Zak
    20 Apr 2015 | 1:46 pm
    Seattle biotech Juno Therapeutics' stock closed down 13 percent today after data showed lackluster results for treating solid tumors with immunotherapy, an approach that Juno is exploring. Data presented from a Phase 1 study by Swiss pharmaceutical company Novartis and the University of Pennsylvania showed immunotherapy didn't seem to "have much longevity or efficacy" treating solid tumor cancers, financial news site The Street reported this morning. While the data, presented at the American Association…
  • First ever 'Gay-TM' might be headed to Seattle with LGBTQ-focused credit union

    Jacob Demmitt
    20 Apr 2015 | 1:36 pm
    It looks like Seattle will soon be home to the first credit union designed specifically for the LGBTQ community, complete with a Capitol Hill “Gay-TM” and all. After more than a year of planning and fundraising, Equality Washington recently signed a letter of intent to partner with an already established statewide credit union. The partner — which Equality couldn’t name because of nondisclosure agreements — would fund the endeavor, help with regulatory hurdles and back-end support like…
  • Seattle Times wins Pulitzer Prize for mudslide coverage

    Becky Monk
    20 Apr 2015 | 1:20 pm
    The Seattle Times today was named the winner of a Pulitzer Prize in the breaking news category for its coverage of the March 2014 Oso mudslide. The Times won for its "digital account of a landslide that killed 43 people and the impressive follow-up reporting that explored whether the calamity could have been avoided." It its cover letter to the Pulitzer committee, the Times wrote, "Two days after a landslide near Oso, Wash., killed 43 people, the county’s head of emergency management said the…
 
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    South Florida Business News - Local South Florida News | The South Florida Business Journal

  • Prologis buys KTR Capital portfolio in $5.9 billion deal

    Molly Armbrister
    20 Apr 2015 | 1:48 pm
    Prologis, a San Francisco-based real estate investment and development company, has acquired a $5.9 billion portfolio from KTR Capital Partners. The portfolio includes 60 million square feet in 322 properties located in South Florida, California, New Jersey, Florida, Chicago, Seattle and Dallas. Also included in the purchase is 3.6 million square feet of in-progress construction and a land bank large enough for 6.8 million square feet of development. Prologis (NYSE: PLD) will purchase the portfolio…
  • FIU nabs $20M gift for international and public affairs program

    Brian Bandell
    20 Apr 2015 | 11:45 am
    Florida International University’s international and public affairs program has received a major boost with a $20 million donation from the Green Family Foundation. The foundation headed by former U.S. Ambassador to Singapore Steven J. Green, wife Dorothea Green and daughter Kimberly Green has made one of the largest gifts ever awarded to the state university in Miami. Green is also the former CEO of Samsonite Corp. "I think the interconnectivity of the world today is so close that unless people…
  • Sunrise marketing software firm SproutLoud to hire 30

    Celia Ampel
    20 Apr 2015 | 10:39 am
    A Sunrise-based firm will be hiring about 30 people this spring to help brands make the most of their advertising dollars. SproutLoud makes marketing software that helps small businesses use the advertising money allocated to them by large brands, including Aveda and Dish Network. Many companies set aside funds for cooperative advertising, which allows retailers to share local marketing costs with a manufacturer. But up to $15 billion of those funds sit unused every year, SproutLoud President Gary…
  • Patriot National buys Chicago tech company, to add 100 jobs in Broward

    Nina Lincoff
    20 Apr 2015 | 10:27 am
    Fort Lauderdale-based Patriot National announced its acquisition of Chicago-based Vikaran Solutions LLC Monday. The workers’ compensation company also entered into an agreement to purchase all outstanding stock of Vikaran’s software development center in Pune, India. That transaction is expected to close by the end of the month. The total price for Vikaran and its software center is estimated at about $10 million. The purchase backs Patriot National's dedication to revitalizing its business…
  • U.S. Century Bank sells repossessed Fort Lauderdale properties at discount

    Brian Bandell
    20 Apr 2015 | 10:13 am
    U.S. Century Bank sold a group of homes and residential land in Fort Lauderdale at a 53 percent discount to its foreclosed mortgage. The Doral-based bank seized 3.4 acres of waterfront property in 2014 after foreclosing on Dalco New River Development’s $5.42 million mortgage. It recently sold the property for $2.55 million to Miami-based BGT LLC, which is managed by Yvonne Iglesias. The buyer received a $2.5 million mortgage from Coral Gables-based Principal Lenders Group, which is managed by…
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    Tampa Business News - Local Tampa News | The Tampa Bay Business Journal

  • Tribune's pending real estate deal signals confidence in downtown Tampa

    Ashley Gurbal Kritzer
    20 Apr 2015 | 11:54 am
    If the Tampa Tribune's pending real estate deal comes to fruition, it will be a ringing endorsement of the potential for development deals in the urban core. The Tribune's riverfront site in downtown Tampa is under contract to a developer who is planning a residential project there that could possibly include commercial uses, multiple real estate sources told the Tampa Bay Business Journal on Friday. The developer pursuing the project is believed to be The Related Group, which is based in South…
  • Local Web experts to answer #GoogleMobile questions noon Wednesday

    Wade Tyler Millward
    20 Apr 2015 | 11:42 am
    Now that business executives are squared away with the Internal Revenue Service, April presents another taxing problem. If you haven't heard yet, Google (NASDAQ: GOOG) is changing its algorithm. How well your business’s website plays with mobile devices — such as smartphones and tablets — will be a new barometer for your website's reach. If this whole issue is new to you, this week's subscribers-only cover story on how poorly Tampa Bay businesses are prepared for the change is a perfect primer.…
  • Bloomin' to exit A La Carte Event Pavilion, owners seek new tenant

    Eric Snider
    20 Apr 2015 | 11:38 am
    Bloomin’ Brands has chosen not to renew its lease at A La Carte Event Pavilion that expires on Dec. 31, which could cause a void for businesses that book a large number of events. The Egypt Shriners organization, which owns the building, has formed a committee to recruit another tenant, but there is no guarantee A La Carte will remain an event venue. “We’ve met with one person who talked about making it a cooking school,” said Frank Dyer, Past Potentate and Recorder for the Egypt Shriners.…
  • Report details aborted Allegiant flights at St. Pete-Clearwater International Airport

    Eric Snider
    20 Apr 2015 | 10:58 am
    On eight occasions from October to February, Allegiant Air flights either to or from St. Pete-Clearwater International Airport (PIE) had to be aborted in some fashion. The information comes from a report issued by the Teamsters Aviation Mechanics Association on behalf of the pilots’ union, the Airline Professionals Association Teamsters Local 1224. Allegiant (NASDAQ: ALGT) and the union have been locked in contentious labor negotiations for more than two years. Both parties are awaiting a judge’s…
  • Exclusive: Women's Exchange plays 'matchmaker' for female talent, board openings

    Margie Manning
    20 Apr 2015 | 9:14 am
    A casual meeting at Starbucks has blossomed into an initiative by a group of Tampa Bay’s leading female business executives to find a seat at the board table for more women. Now, the Women’s Exchange Forum is launching its website, www.womenexchange.org, a tool to identify potential candidates who are qualified for positions on corporate, nonprofit and government boards. It will allow Women’s Exchange to develop a pool of qualified candidates and a list of openings. “Women will be able…
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    Washington, D.C. Business News - Local Washington, D.C. News | The Washington Business Journal

  • Bethesda Magazine acquires Bethesda Now

    Jeff Clabaugh
    20 Apr 2015 | 2:41 pm
    Bethesda Magazine has acquired local news site Bethesda Now for an undisclosed sum, and says it will merge its resources into its own online operation, Bethesda Beat. Bethesda Magazine publisher Steve Hull says Bethesda Now will stop publishing as a separate site. “By combining the resources of Bethesda Now and Bethesda Beat, we will be able to substantially increase the breadth and depth of our coverage, and the size of our readership,” Bethesda Beat quotes Hill as saying. Bethesda Beat will…
  • GSA kicks off search for the next generation of real estate brokers

    Daniel J. Sernovitz
    20 Apr 2015 | 2:24 pm
    Commercial real estate experts will have the ability to alert the federal government to changes in the market, such as when is the best time to renegotiate a lease, as the General Services Administration gears up to launch a replacement to what's now known as the National Broker Contract. The GSA, in a request for proposals posted to FedBizOpps on Monday, officially kicked off what it's calling the GSA Leasing Support Services contract. The agency, the federal government's real estate arm, has been…
  • Ballston's withering auto market: Saul Centers floats early plan for Mazda site

    Michael Neibauer
    20 Apr 2015 | 2:02 pm
    It’s not a formal proposal yet, but Saul Centers Inc. has approached Arlington County with its initial vision for a redeveloped Rosenthal Mazda dealership at the intersection of Wilson Boulevard and North Glebe Road. According to a staff report issued ahead of Monday evening’s Long Range Planning Committee meeting, the Bethesda-based Saul Centers (NYSE: BFS) is proposing to transform the Mazda site at 750 N. Glebe and the adjacent 730 N. Glebe into a 431-unit apartment building with 68,285 square…
  • The big question in the 1776-Disruption deal: What happened to Paul Singh?

    Kasra Kangarloo
    20 Apr 2015 | 11:59 am
    The biggest question around 1776's surprise acquisition of Disruption Corp. might be this: What happened to Paul Singh? It's become clear the two accelerators were competing in a number of ways, and it's perhaps the case that the town simply wasn't big enough for the both of them. Both accelerators were looking to invest in promising seed-stage startups. Both were attempting to raise funds. And both were attempting to brand themselves as major community voices, each with its own distinct flavor…
  • How the White House is upgrading perimeter security

    Michael Neibauer
    20 Apr 2015 | 11:54 am
    The occasional but still alarming breaches of the White House perimeter, by foot and by vehicle, has the U.S. Secret Service on the lookout for security upgrades. From sharp fence clip-ons to new vehicle security barriers, the National Park Service, on behalf of the Secret Service, has proposed a series of enhancements to the White House perimeter, each of which will be reviewed next month by the National Capital Planning Commission. Numerous incidents of White House fence jumping, including one…
 
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    Wichita Business News - Local Wichita News | The Wichita Business Journal

  • From $3 per hour to CEO: Shaffer marks 50 years at McCormick Armstrong

    Josh Heck
    20 Apr 2015 | 1:57 pm
    In an era where job changes are the norm, Jake Shaffer goes against the grain. Shaffer is celebrating 50 years with McCormick Armstrong Co., Wichita’s fourth-largest printing company. Shaffer is the company’s chairman and CEO after stepping down as president in January. The company will honor Shaffer with an open house from noon to 6 p.m. on May 1 at its 1501 E. Douglas headquarters. Shaffer started with McCormick Armstrong in 1965. A recent college graduate at the time, Shaffer started his…
  • WSU Ventures moving to Wichita State’s Devlin Hall this week

    Josh Heck
    20 Apr 2015 | 1:51 pm
    WSU Ventures will open this week in a new home on Wichita State University’s campus. Six full-time WSU Ventures staff will relocate to the second floor of Devlin Hall from WSU’s National Institute for Aviation Research. WSU Ventures, which was created last year to help take ideas and intellectual property to market, will move Wednesday and reopen for business Thursday. This is the second of a two-part plan that began when the Center for Economic Development and Business Research moved to the…
  • Burritos El Mexicano closed for unpaid sales tax

    Emily Behlmann
    20 Apr 2015 | 12:51 pm
    The Kansas Department of Revenue executed a warrant against Wichita restaurant Burritos El Mexicano on Monday for unpaid taxes. The department says the restaurant owed the state $53,289 in sales taxes. The business, at 1712 E. 47th St. South, was closed. Officers seized all known bank accounts, on-site cash, business inventory and personal property assets belonging to owner Marina Garcia. Assets will be sold at a public auction to recover taxes owed, the department says. The revenue department…
  • Pittsburg newspaper endorses Wichita group's Castle Rock Casino proposal

    Josh Heck
    20 Apr 2015 | 12:46 pm
    The Wichita group behind the Castle Rock Casino and Resort proposal has landed an endorsement from The Morning Sun newspaper in Pittsburg. The paper’s editorial board on Sunday endorsed that plan, citing the scope of the project and its proposed location. The Wichita investors behind the Castle Rock Casino Resort proposal have declared their intention to spend $147 million to build a casino and resort near the Kansas-Oklahoma line. That plan was made public in November. Castle Rock is one of…
  • Taking your daughter or son to work? Send us photos

    Emily Behlmann
    20 Apr 2015 | 12:31 pm
    The annual Take Our Daughters and Sons To Work Day is happening on Thursday. It’s a national educational event designed to build connections between what kids are learning at school and what happens in the working world. According to the foundation that coordinates the event, 39 million people in the United States participated last year. The foundation says the event takes place on a Thursday so students can return to school on Friday and share what they learned. Is your business among the…
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