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  • What Vince Vaughn and Owen Wilson can teach us about work-life balance

    National Business News - Local Business News | bizjournals
    Julie Cohen
    24 Apr 2014 | 10:00 pm
    I just finished watching the movie, The Internship, which follows the escapades of two underachieving, fun-loving slackers on their quest to gain full-time employment at Google through its internship program. This goofy comedy pokes fun at Google’s all-encompassing culture, mocks stereotypes of multiple generations in the workplace (Millennials, Gen X), and highlights how technology has changed the world of work. Although it’s really just a silly vehicle for the two stars’ antics, there are…
  • Top 25 Best Places to Work in Dayton (With ranking order)

    Business News from the Midwest - bizjournals.com
    Caleb Stephens
    24 Apr 2014 | 6:05 pm
    Roughly 350 people showed up at the Schuster Center in downtown Dayton on Thursday evening to celebrate the DBJ’s Best Places to Work. The ranking of the top 25 Best Places to Work in Dayton was revealed at the event. Click on the photo on the right to see a countdown of the Best Places to Work in Dayton. The Best Places to Work awards program recognizes employee engagement and satisfaction at local workplaces. 
  • Mobile, microscopes, IT and headphones the big winners at the 2014 tech awards

    Bizjournals.com Northwest RSS Feed
    Malia Spencer
    24 Apr 2014 | 9:00 pm
    Technology leaders from the region gathered Thursday evening for the annual Oregon Technology Awards handed out by the Technology Association of Oregon. This year, 15 companies vied for awards in different categories. Click through the slides to see the winning companies in four of the categories. This year, Intel Corp. Chairman Andy Bryant was given the Lifetime Achievement Award and Michael Burger of Cascade Microtech was given the Technology Executive of the year award. “The pool of applicants…
  • Arizona VA hospital under scrutiny after 40 die awaiting care

    Business News from Southwest US - bizjournals.com
    24 Apr 2014 | 9:41 pm
    The Veterans Affairs Health Care system in Phoenix is under scrutiny after media investigations revealed as many as 40 veterans died while awaiting care after being assigned to a secret wait list used to control costs. CNN reported internal emails and inside sources that there is a secret wait list that is designed to avoid the VA's internal rules. Click here to read more.
  • What Vince Vaughn and Owen Wilson can teach us about work-life balance

    Business News from the Northeast US - bizjournals
    Julie Cohen
    24 Apr 2014 | 10:00 pm
    I just finished watching the movie, The Internship, which follows the escapades of two underachieving, fun-loving slackers on their quest to gain full-time employment at Google through its internship program. This goofy comedy pokes fun at Google’s all-encompassing culture, mocks stereotypes of multiple generations in the workplace (Millennials, Gen X), and highlights how technology has changed the world of work. Although it’s really just a silly vehicle for the two stars’ antics, there are…
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    National Business News - Local Business News | bizjournals

  • What Vince Vaughn and Owen Wilson can teach us about work-life balance

    Julie Cohen
    24 Apr 2014 | 10:00 pm
    I just finished watching the movie, The Internship, which follows the escapades of two underachieving, fun-loving slackers on their quest to gain full-time employment at Google through its internship program. This goofy comedy pokes fun at Google’s all-encompassing culture, mocks stereotypes of multiple generations in the workplace (Millennials, Gen X), and highlights how technology has changed the world of work. Although it’s really just a silly vehicle for the two stars’ antics, there are…
  • Arizona VA hospital under scrutiny after 40 die awaiting care

    24 Apr 2014 | 9:41 pm
    The Veterans Affairs Health Care system in Phoenix is under scrutiny after media investigations revealed as many as 40 veterans died while awaiting care after being assigned to a secret wait list used to control costs. CNN reported internal emails and inside sources that there is a secret wait list that is designed to avoid the VA's internal rules. Click here to read more.
  • Raytheon shares fall amid slowdown in federal spending

    24 Apr 2014 | 9:37 pm
    Raytheon Co. saw is stock prices drop more than 4 percent after it announced lower federal spending was affecting its financials. The Arizona Daily Star reported the company saw a higher income in the first quarter compared to last year, but excluding tax and pension items the income was actually lower. Raytheon Missile Systems is a large defense contractor and employer in Tucson. Click here to read more.
  • Stanton excited about possible DNC convention bid in Phoenix

    24 Apr 2014 | 9:31 pm
    Phoenix Mayor Greg Stanton is excited about the possibility of Phoenix hosting the Democratic National Convention. KTAR.com reported the mayor believes the city has the hotels and infrastructure to handle the political convention in 2016. The city was asked earlier this week to make a formal bid to host the convention. The Republic National Committee already has nixed Phoenix as a possible convention site. Click here to read more.
  • Housing prices rise across U.S., but sales are down

    24 Apr 2014 | 9:27 pm
    U.S. home sale prices are up, but the number of sales are slumping, particularly in the West and Arizona. Bloomberg reported the West's sale were at the lowest level in two years. Arizona has seen prices for homes level off as the number of homes for sale has risen and buyers have been reluctant to pull the trigger. Click here to read more.
 
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    Business News from the Midwest - bizjournals.com

  • Top 25 Best Places to Work in Dayton (With ranking order)

    Caleb Stephens
    24 Apr 2014 | 6:05 pm
    Roughly 350 people showed up at the Schuster Center in downtown Dayton on Thursday evening to celebrate the DBJ’s Best Places to Work. The ranking of the top 25 Best Places to Work in Dayton was revealed at the event. Click on the photo on the right to see a countdown of the Best Places to Work in Dayton. The Best Places to Work awards program recognizes employee engagement and satisfaction at local workplaces. 
  • UnitedHealth-backed clinic startup opens first Twin Cities location

    Katharine Grayson
    24 Apr 2014 | 3:09 pm
    A startup chain of orthopedic-pain clinics backed by UnitedHealth Group Inc. has opened its first Twin Cities location. The company, Orthology, will treat patients suffering from conditions like low-back pain using a methodology developed by Josh Sandell, a Twin Cities chiropractor who cares for professional athletes such as Minnesota Vikings players Greg Jennings and Kyle Rudolph. Orthology opened its flagship 5,000-square-foot clinic in Eden Prairie late last month. It will add locations in St.…
  • Huttig’s quarterly loss doubles on charges

    Diana Barr
    24 Apr 2014 | 3:07 pm
    Huttig Building Products Inc., a distributor of millwork, building materials and wood products, saw its first-quarter loss double on charges related to discontinued operations. For the quarter ended March 31, Huttig reported a net loss of $4 million, compared with the $2 million loss it reported in last year’s quarter. Huttig reported first-quarter net sales of $135.3 million, up 8.7 percent from the first quarter of 2013. “Despite a challenging business environment as a result of the unusually…
  • Assurex Global brings private benefits exchange to middle-market employers

    Carrie Ghose
    24 Apr 2014 | 3:01 pm
    Middle-market employers and small businesses with as few as 50 employees are the target market for the private benefits exchange that Dublin-based Assurex Global  is rolling out nationwide, including in Ohio through member firm Oswald Cos. National HR firms and  coalitions of large self-funded employers have started offering online marketplaces as an alternative for employers trying to hold down benefits costs. These exchanges offer a range of medical and dental plans from which workers can choose,…
  • Sigma-Aldrich sees profit rise in Q1

    Jacob Kirn
    24 Apr 2014 | 2:57 pm
    Sigma-Aldrich Corp. reported a profit of $126 million in the first quarter ended March 31, up 3 percent from the prior-year period. Sales in the first quarter were $689 million, up 2 percent from $675 million in the first quarter of 2013. The Research Chemicals division’s sales fell 1 percent from the prior-year quarter to $359 million. Company officials said the division was affected by bad weather in the U.S. that led to the closure of research labs by some Sigma-Aldrich customers. The Applied…
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    Bizjournals.com Northwest RSS Feed

  • Mobile, microscopes, IT and headphones the big winners at the 2014 tech awards

    Malia Spencer
    24 Apr 2014 | 9:00 pm
    Technology leaders from the region gathered Thursday evening for the annual Oregon Technology Awards handed out by the Technology Association of Oregon. This year, 15 companies vied for awards in different categories. Click through the slides to see the winning companies in four of the categories. This year, Intel Corp. Chairman Andy Bryant was given the Lifetime Achievement Award and Michael Burger of Cascade Microtech was given the Technology Executive of the year award. “The pool of applicants…
  • Update: Murray says income committee backs phased-in $15 an hour wage

    Marc Stiles
    24 Apr 2014 | 6:22 pm
    Seattle Mayor Ed Murray on Thursday outlined the principles that a small majority of business and labor representatives on his income inequality committee have agreed to with regard to raising the minimum wage. They are: The minimum wage should be raised to $15 an hour. It would be difficult for small businesses and non-profits to start paying $15 now. "Given that, getting to $15 should be phased in," Murray said. Once $15 an hour is attained, future increases to the minimum wage should be based…
  • People on the Move - 2014-04-24

    24 Apr 2014 | 4:38 pm
    World of Speed, a nonprofit experiential motorsports museum opening Spring 2015 in Wilsonville, Oregon, has hired Graciela Sanchez as executive assistant. Sanchez will be responsible for licensing, trademarking and will serve as the point person on multiple museum projects, ensuring the doors open in April, 2015.Tara has been hired as the new vice president of the Commercial Property Management Department. Tara brings over 16 years of experience with her to the position. Most recently she managed…
  • Update: Murray says income committee backs phased-in $15 an hour wage

    Marc Stiles
    24 Apr 2014 | 4:11 pm
    Seattle Mayor Ed Murray on Thursday outlined the principles that a small majority of business and labor representatives on his income inequality committee have agreed to with regard to raising the minimum wage. They are: The minimum wage should be raised to $15 an hour. It would be difficult for small businesses and non-profits to start paying $15 now. "Given that, getting to $15 should be phased in," Murray said. Once $15 an hour is attained, future increases to the minimum wage should be based…
  • Microsoft CEO Nadella: This is 'gold-rush time'

    Tracey Spenser
    24 Apr 2014 | 4:08 pm
    Microsoft's transition to a mobile-first world is "gold-rush time in terms of being able to capitalize on this opportunity," Satya Nadella said today in a conference call with investors. The new CEO, who was appointed Feb. 4, said, "Even from Day One, I had the deep conviction that our vision is going first into this mobile-first, cloud-first world." That strategy will provide the focus for "every device launch, every service launch," he said. Microsoft's goal is to deliver "a cloud for everyone,…
 
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    Business News from Southwest US - bizjournals.com

  • Arizona VA hospital under scrutiny after 40 die awaiting care

    24 Apr 2014 | 9:41 pm
    The Veterans Affairs Health Care system in Phoenix is under scrutiny after media investigations revealed as many as 40 veterans died while awaiting care after being assigned to a secret wait list used to control costs. CNN reported internal emails and inside sources that there is a secret wait list that is designed to avoid the VA's internal rules. Click here to read more.
  • Raytheon shares fall amid slowdown in federal spending

    24 Apr 2014 | 9:37 pm
    Raytheon Co. saw is stock prices drop more than 4 percent after it announced lower federal spending was affecting its financials. The Arizona Daily Star reported the company saw a higher income in the first quarter compared to last year, but excluding tax and pension items the income was actually lower. Raytheon Missile Systems is a large defense contractor and employer in Tucson. Click here to read more.
  • Stanton excited about possible DNC convention bid in Phoenix

    24 Apr 2014 | 9:31 pm
    Phoenix Mayor Greg Stanton is excited about the possibility of Phoenix hosting the Democratic National Convention. KTAR.com reported the mayor believes the city has the hotels and infrastructure to handle the political convention in 2016. The city was asked earlier this week to make a formal bid to host the convention. The Republic National Committee already has nixed Phoenix as a possible convention site. Click here to read more.
  • Housing prices rise across U.S., but sales are down

    24 Apr 2014 | 9:27 pm
    U.S. home sale prices are up, but the number of sales are slumping, particularly in the West and Arizona. Bloomberg reported the West's sale were at the lowest level in two years. Arizona has seen prices for homes level off as the number of homes for sale has risen and buyers have been reluctant to pull the trigger. Click here to read more.
  • FTC says Tesla sales should benefit consumers, not auto dealers

    24 Apr 2014 | 9:22 pm
    Three members of the U.S. Federal Trade Commission staff said state's looking to bar Tesla Motors from selling in their state should consider consumers' needs first, then auto dealers. Bloomberg reported The FTC directors said states such as Arizona, New Jersey and Texas, which ban direct sales of cars to consumers, should reconsider. Tesla tried to push a bill through the Legislature to allow for direct sales but failed in the most recent session. Click here to read more.
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    Business News from the Northeast US - bizjournals

  • What Vince Vaughn and Owen Wilson can teach us about work-life balance

    Julie Cohen
    24 Apr 2014 | 10:00 pm
    I just finished watching the movie, The Internship, which follows the escapades of two underachieving, fun-loving slackers on their quest to gain full-time employment at Google through its internship program. This goofy comedy pokes fun at Google’s all-encompassing culture, mocks stereotypes of multiple generations in the workplace (Millennials, Gen X), and highlights how technology has changed the world of work. Although it’s really just a silly vehicle for the two stars’ antics, there are…
  • Advocates lobby state lawmakers to replenish the brownfields fund

    Jon Chesto
    24 Apr 2014 | 8:54 pm
    A year ago, the state’s brownfields redevelopment fund ran dry, stalling or delaying roughly two-dozen projects across the state. But the bulldozers and backhoes are going to start moving again, now that lawmakers have approved $15 million for the fund. Advocates, led by the Massachusetts Smart Growth Alliance, aren’t going to stop there. They say that injection of cash in a supplemental budget that became law last month is nowhere near enough to address the pressing backlog. The group sent…
  • Mass. small businesses get extra year to comply with ObamaCare rating factors

    Jon Chesto
    24 Apr 2014 | 7:52 pm
    It’s not the victory that the Patrick administration and the local business community had sought. But at least it’s something, right? Gov. Deval Patrick says he was told today by the U.S. Health and Human Services Secretary Kathleen Sebelius that the state has been given an extra year to comply with the rules for “rating factors” under ObamaCare. The state’s health insurers may now continue to use their rating factors — such as breaks tied to a low-risk industry — to help determine…
  • UMass Lowell gets $1 million in state funds for innovation center

    Mary Moore
    24 Apr 2014 | 7:32 pm
    University of Massachusetts Lowell will expand its existing medical device incubation space and also create a new innovation space in a building at 110 Canal St. in Lowell. The Patrick administration just committed $1 million to help renovate the building, bringing the total to $5 million in state money that UMass Lowell will have available to build out the space. Earlier this month, the Massachusetts Life Sciences Center awarded UMass Lowell $4 million to expand the university’s Massachusetts…
  • Dunkin' Donuts is testing ways to improve sandwich-making speeds

    Jon Chesto
    24 Apr 2014 | 7:06 pm
    The workers at Dunkin’ Donuts might be fast. But they’re just not assembling those egg sandwiches quickly enough for Nigel Travis. The CEO of parent company Dunkin’ Brands told analysts today that the Canton-based coffee shop chain is experimenting with a new sandwich station. The initiative is aimed at significantly boosting a typical Dunkin’ shop’s efficiency. Travis says the company has hired two unnamed universities to study the issue and look for ways to pick up the pace. He also…
 
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    Business News from Southeast US - bizjournals.com

  • Jaguars fans take anger to Twitter after NFL cracks joke about London move

    Ashley Gurbal Kritzer
    24 Apr 2014 | 3:53 pm
    Jacksonville Jaguars fans’ furor on social media over a slight from the NFL has grabbed the attention of the Washington Post. The National Football League took a shot at the Jags in a summary of Week 10 matchups, including the Jaguars versus the Dallas Cowboys, to be played in London. SBNation.com posted a screenshot of the original message, the last line of which said, “The London Jaguars does have an excellent ring to it.” The Week 10 summary has since been edited, and that line has been…
  • IIFA to rock with a night of fashion and music

    Jo-Lynn Brown
    24 Apr 2014 | 3:41 pm
    The International Indian Film Academy is presenting the Myntra.com IIFA Rocks Thursday night.  Myntra.com IIFA Rocks will showcase leading Indian designers from India and the host nation, Vikram Phadnis, Manish Malhotra and the U.S.-based Amita Bal, according to a statement.  Malhotra will be showing a collection from Shabana Azmi’s NGO, the Mijwan Welfare Society, and Phadnis will be showcasing his collection ‘"Nazaakat," which he designed for Vishal Fashions, the statement said.  Bal…
  • The scenes from TBBJ's 2014 Best Places to Work event

    24 Apr 2014 | 3:37 pm
    Sixty Tampa Bay area companies were honored at the 2014 Best Places to Work Awards, held April 24 at A La Carte Event Pavilion. The '80s theme took the lead from the movie "Ferris Bueller's Day Off."
  • Alagasco to repurpose depot materials for Rickwood Field project

    Bryan Davis
    24 Apr 2014 | 3:08 pm
    Portions of the downtown Birmingham train depot will find a new life at one of Birmingham's most history-laden venues, thanks to what you might call a ninth-inning save. Alagasco said Thursday it will work with several entities to repurpose materials from the depot that sits on the site of its new metro operations center to build a new batting building for Rickwood Field. According to Alagasco, “distinctive brick, support beams and trusses of the railway freight building and dock that were removed…
  • Mayor, commissioner dance with Bollywood star Anil Kapoor (Video)

    Margaret Cashill
    24 Apr 2014 | 3:03 pm
    Tampa Mayor Bob Buckhorn and Hillsborough County Commissioner Al Higginbotham joined Bollywood actor Anil Kapoor to dance to the “Do Da Tampa” track at a media event Thursday. Their performance was part of a press event at the Hilton Downtown Tampa for the International Indian Film Academy Awards. “IIFA’s going to rock the world, and Tampa’s going to rock IIFA,” Buckhorn said. Kapoor, best known to American audiences for his role in “Slumdog Millionaire,” gave remarks, along with…
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    Accounting News - Accounting News Headlines | Bizjournals.com

  • What Vince Vaughn and Owen Wilson can teach us about work-life balance

    Julie Cohen
    24 Apr 2014 | 10:00 pm
    I just finished watching the movie, The Internship, which follows the escapades of two underachieving, fun-loving slackers on their quest to gain full-time employment at Google through its internship program. This goofy comedy pokes fun at Google’s all-encompassing culture, mocks stereotypes of multiple generations in the workplace (Millennials, Gen X), and highlights how technology has changed the world of work. Although it’s really just a silly vehicle for the two stars’ antics, there are…
  • Arizona VA hospital under scrutiny after 40 die awaiting care

    24 Apr 2014 | 9:41 pm
    The Veterans Affairs Health Care system in Phoenix is under scrutiny after media investigations revealed as many as 40 veterans died while awaiting care after being assigned to a secret wait list used to control costs. CNN reported internal emails and inside sources that there is a secret wait list that is designed to avoid the VA's internal rules. Click here to read more.
  • Raytheon shares fall amid slowdown in federal spending

    24 Apr 2014 | 9:37 pm
    Raytheon Co. saw is stock prices drop more than 4 percent after it announced lower federal spending was affecting its financials. The Arizona Daily Star reported the company saw a higher income in the first quarter compared to last year, but excluding tax and pension items the income was actually lower. Raytheon Missile Systems is a large defense contractor and employer in Tucson. Click here to read more.
  • Stanton excited about possible DNC convention bid in Phoenix

    24 Apr 2014 | 9:31 pm
    Phoenix Mayor Greg Stanton is excited about the possibility of Phoenix hosting the Democratic National Convention. KTAR.com reported the mayor believes the city has the hotels and infrastructure to handle the political convention in 2016. The city was asked earlier this week to make a formal bid to host the convention. The Republic National Committee already has nixed Phoenix as a possible convention site. Click here to read more.
  • Housing prices rise across U.S., but sales are down

    24 Apr 2014 | 9:27 pm
    U.S. home sale prices are up, but the number of sales are slumping, particularly in the West and Arizona. Bloomberg reported the West's sale were at the lowest level in two years. Arizona has seen prices for homes level off as the number of homes for sale has risen and buyers have been reluctant to pull the trigger. Click here to read more.
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    Agriculture News - Agriculture News Headlines | Bizjournals.com

  • What Vince Vaughn and Owen Wilson can teach us about work-life balance

    Julie Cohen
    24 Apr 2014 | 10:00 pm
    I just finished watching the movie, The Internship, which follows the escapades of two underachieving, fun-loving slackers on their quest to gain full-time employment at Google through its internship program. This goofy comedy pokes fun at Google’s all-encompassing culture, mocks stereotypes of multiple generations in the workplace (Millennials, Gen X), and highlights how technology has changed the world of work. Although it’s really just a silly vehicle for the two stars’ antics, there are…
  • Arizona VA hospital under scrutiny after 40 die awaiting care

    24 Apr 2014 | 9:41 pm
    The Veterans Affairs Health Care system in Phoenix is under scrutiny after media investigations revealed as many as 40 veterans died while awaiting care after being assigned to a secret wait list used to control costs. CNN reported internal emails and inside sources that there is a secret wait list that is designed to avoid the VA's internal rules. Click here to read more.
  • Raytheon shares fall amid slowdown in federal spending

    24 Apr 2014 | 9:37 pm
    Raytheon Co. saw is stock prices drop more than 4 percent after it announced lower federal spending was affecting its financials. The Arizona Daily Star reported the company saw a higher income in the first quarter compared to last year, but excluding tax and pension items the income was actually lower. Raytheon Missile Systems is a large defense contractor and employer in Tucson. Click here to read more.
  • Stanton excited about possible DNC convention bid in Phoenix

    24 Apr 2014 | 9:31 pm
    Phoenix Mayor Greg Stanton is excited about the possibility of Phoenix hosting the Democratic National Convention. KTAR.com reported the mayor believes the city has the hotels and infrastructure to handle the political convention in 2016. The city was asked earlier this week to make a formal bid to host the convention. The Republic National Committee already has nixed Phoenix as a possible convention site. Click here to read more.
  • Housing prices rise across U.S., but sales are down

    24 Apr 2014 | 9:27 pm
    U.S. home sale prices are up, but the number of sales are slumping, particularly in the West and Arizona. Bloomberg reported the West's sale were at the lowest level in two years. Arizona has seen prices for homes level off as the number of homes for sale has risen and buyers have been reluctant to pull the trigger. Click here to read more.
 
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    Banking & Financial News - Banking & Financial News Headlines | Bizjournals.com

  • Advocates lobby state lawmakers to replenish the brownfields fund

    Jon Chesto
    24 Apr 2014 | 8:54 pm
    A year ago, the state’s brownfields redevelopment fund ran dry, stalling or delaying roughly two-dozen projects across the state. But the bulldozers and backhoes are going to start moving again, now that lawmakers have approved $15 million for the fund. Advocates, led by the Massachusetts Smart Growth Alliance, aren’t going to stop there. They say that injection of cash in a supplemental budget that became law last month is nowhere near enough to address the pressing backlog. The group sent…
  • Update: Murray says income committee backs phased-in $15 an hour wage

    Marc Stiles
    24 Apr 2014 | 6:22 pm
    Seattle Mayor Ed Murray on Thursday outlined the principles that a small majority of business and labor representatives on his income inequality committee have agreed to with regard to raising the minimum wage. They are: The minimum wage should be raised to $15 an hour. It would be difficult for small businesses and non-profits to start paying $15 now. "Given that, getting to $15 should be phased in," Murray said. Once $15 an hour is attained, future increases to the minimum wage should be based…
  • Colorado’s oil and gas industry is booming. Now, about those taxes?

    Cathy Proctor
    24 Apr 2014 | 5:23 pm
    A bill creating a study group to look at Colorado’s severance tax rate, structure and spending, died this week in the Legislature — but its spirit will live on as a panel convened by the Hickenlooper administration. Senate Bill 198, co-sponsored by Sen. Mary Hodge, D-Brighton, and Sen. Gail Schwartz, D- Snowmass, was postponed indefinitely Wednesday by the Senate Committee on Agriculture, Natural Resources and Energy. Schwartz chairs the committee. But the administration will take up the issues…
  • Loan growth on the rise in Texas, southern U.S.

    Korri Kezar
    24 Apr 2014 | 5:03 pm
    Nationally chartered community banks and federal savings associations in the country’s southern states saw their loan growth rates double between 2012 and 2013. The numbers, reported by the Office of the Comptroller of the Currency, show loan rates grew to 4 present in its southern district, which encompasses Alabama, Arkansas, Louisiana, Mississippi, Oklahoma, Tennessee and Texas. Increases in loan volumes have been especially high in large cities in Texas and Oklahoma, the OCC reported, where…
  • Pier pot? Santa Monica mulling medical marijuana dispensaries

    Scott Bridges
    24 Apr 2014 | 4:19 pm
    To toke or not to toke, that is the question. That’s the one facing the Santa Monica City Council, anyway. A proposed State Senate bill could open the door for regulating medical marijuana dispensaries within the coastal municipality, and city officials are deciding whether to join Los Angeles in allowing pot shops to operate,  according to the Santa Monica Mirror. State Senator Lou Correa is the author of SB 1262, which, if enacted into law, would allow for local control of medical marijuana…
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    Bankruptcy News - Bankruptcy News Headlines | Bizjournals.com

  • What Vince Vaughn and Owen Wilson can teach us about work-life balance

    Julie Cohen
    24 Apr 2014 | 10:00 pm
    I just finished watching the movie, The Internship, which follows the escapades of two underachieving, fun-loving slackers on their quest to gain full-time employment at Google through its internship program. This goofy comedy pokes fun at Google’s all-encompassing culture, mocks stereotypes of multiple generations in the workplace (Millennials, Gen X), and highlights how technology has changed the world of work. Although it’s really just a silly vehicle for the two stars’ antics, there are…
  • Arizona VA hospital under scrutiny after 40 die awaiting care

    24 Apr 2014 | 9:41 pm
    The Veterans Affairs Health Care system in Phoenix is under scrutiny after media investigations revealed as many as 40 veterans died while awaiting care after being assigned to a secret wait list used to control costs. CNN reported internal emails and inside sources that there is a secret wait list that is designed to avoid the VA's internal rules. Click here to read more.
  • Raytheon shares fall amid slowdown in federal spending

    24 Apr 2014 | 9:37 pm
    Raytheon Co. saw is stock prices drop more than 4 percent after it announced lower federal spending was affecting its financials. The Arizona Daily Star reported the company saw a higher income in the first quarter compared to last year, but excluding tax and pension items the income was actually lower. Raytheon Missile Systems is a large defense contractor and employer in Tucson. Click here to read more.
  • Stanton excited about possible DNC convention bid in Phoenix

    24 Apr 2014 | 9:31 pm
    Phoenix Mayor Greg Stanton is excited about the possibility of Phoenix hosting the Democratic National Convention. KTAR.com reported the mayor believes the city has the hotels and infrastructure to handle the political convention in 2016. The city was asked earlier this week to make a formal bid to host the convention. The Republic National Committee already has nixed Phoenix as a possible convention site. Click here to read more.
  • Housing prices rise across U.S., but sales are down

    24 Apr 2014 | 9:27 pm
    U.S. home sale prices are up, but the number of sales are slumping, particularly in the West and Arizona. Bloomberg reported the West's sale were at the lowest level in two years. Arizona has seen prices for homes level off as the number of homes for sale has risen and buyers have been reluctant to pull the trigger. Click here to read more.
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    Commercial Real Estate Industry News Headlines | Bizjournals.com

  • Advocates lobby state lawmakers to replenish the brownfields fund

    Jon Chesto
    24 Apr 2014 | 8:54 pm
    A year ago, the state’s brownfields redevelopment fund ran dry, stalling or delaying roughly two-dozen projects across the state. But the bulldozers and backhoes are going to start moving again, now that lawmakers have approved $15 million for the fund. Advocates, led by the Massachusetts Smart Growth Alliance, aren’t going to stop there. They say that injection of cash in a supplemental budget that became law last month is nowhere near enough to address the pressing backlog. The group sent…
  • UMass Lowell gets $1 million in state funds for innovation center

    Mary Moore
    24 Apr 2014 | 7:32 pm
    University of Massachusetts Lowell will expand its existing medical device incubation space and also create a new innovation space in a building at 110 Canal St. in Lowell. The Patrick administration just committed $1 million to help renovate the building, bringing the total to $5 million in state money that UMass Lowell will have available to build out the space. Earlier this month, the Massachusetts Life Sciences Center awarded UMass Lowell $4 million to expand the university’s Massachusetts…
  • Update: Murray says income committee backs phased-in $15 an hour wage

    Marc Stiles
    24 Apr 2014 | 6:22 pm
    Seattle Mayor Ed Murray on Thursday outlined the principles that a small majority of business and labor representatives on his income inequality committee have agreed to with regard to raising the minimum wage. They are: The minimum wage should be raised to $15 an hour. It would be difficult for small businesses and non-profits to start paying $15 now. "Given that, getting to $15 should be phased in," Murray said. Once $15 an hour is attained, future increases to the minimum wage should be based…
  • Kalapaki Joe's to open at Kauai's Kukui Grove Center this summer

    Duane Shimogawa
    24 Apr 2014 | 5:32 pm
    Kalapaki Joe's, the popular Kauai sports bar and restaurant, plans to open a location at the Kukui Grove Shopping Center in Lihue this summer on the makai side of the mall near the planned Sports Authority store. "Kalapaki Joe’s is a well-established favorite restaurant with local families," Kukui Grove Center General Manager Wade Lord said in a statement. "They complement our existing restaurant mix nicely and is a great addition along with the new Sports Authority and Ross Dress For Less stores." Kalapaki…
  • Colorado’s oil and gas industry is booming. Now, about those taxes?

    Cathy Proctor
    24 Apr 2014 | 5:23 pm
    A bill creating a study group to look at Colorado’s severance tax rate, structure and spending, died this week in the Legislature — but its spirit will live on as a panel convened by the Hickenlooper administration. Senate Bill 198, co-sponsored by Sen. Mary Hodge, D-Brighton, and Sen. Gail Schwartz, D- Snowmass, was postponed indefinitely Wednesday by the Senate Committee on Agriculture, Natural Resources and Energy. Schwartz chairs the committee. But the administration will take up the issues…
 
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    Economic Snapshot News - Economic Snapshot News Headlines | Bizjournals.com

  • What Vince Vaughn and Owen Wilson can teach us about work-life balance

    Julie Cohen
    24 Apr 2014 | 10:00 pm
    I just finished watching the movie, The Internship, which follows the escapades of two underachieving, fun-loving slackers on their quest to gain full-time employment at Google through its internship program. This goofy comedy pokes fun at Google’s all-encompassing culture, mocks stereotypes of multiple generations in the workplace (Millennials, Gen X), and highlights how technology has changed the world of work. Although it’s really just a silly vehicle for the two stars’ antics, there are…
  • Arizona VA hospital under scrutiny after 40 die awaiting care

    24 Apr 2014 | 9:41 pm
    The Veterans Affairs Health Care system in Phoenix is under scrutiny after media investigations revealed as many as 40 veterans died while awaiting care after being assigned to a secret wait list used to control costs. CNN reported internal emails and inside sources that there is a secret wait list that is designed to avoid the VA's internal rules. Click here to read more.
  • Raytheon shares fall amid slowdown in federal spending

    24 Apr 2014 | 9:37 pm
    Raytheon Co. saw is stock prices drop more than 4 percent after it announced lower federal spending was affecting its financials. The Arizona Daily Star reported the company saw a higher income in the first quarter compared to last year, but excluding tax and pension items the income was actually lower. Raytheon Missile Systems is a large defense contractor and employer in Tucson. Click here to read more.
  • Stanton excited about possible DNC convention bid in Phoenix

    24 Apr 2014 | 9:31 pm
    Phoenix Mayor Greg Stanton is excited about the possibility of Phoenix hosting the Democratic National Convention. KTAR.com reported the mayor believes the city has the hotels and infrastructure to handle the political convention in 2016. The city was asked earlier this week to make a formal bid to host the convention. The Republic National Committee already has nixed Phoenix as a possible convention site. Click here to read more.
  • Housing prices rise across U.S., but sales are down

    24 Apr 2014 | 9:27 pm
    U.S. home sale prices are up, but the number of sales are slumping, particularly in the West and Arizona. Bloomberg reported the West's sale were at the lowest level in two years. Arizona has seen prices for homes level off as the number of homes for sale has risen and buyers have been reluctant to pull the trigger. Click here to read more.
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    Education News - Education News Headlines | Bizjournals.com

  • UMass Lowell gets $1 million in state funds for innovation center

    Mary Moore
    24 Apr 2014 | 7:32 pm
    University of Massachusetts Lowell will expand its existing medical device incubation space and also create a new innovation space in a building at 110 Canal St. in Lowell. The Patrick administration just committed $1 million to help renovate the building, bringing the total to $5 million in state money that UMass Lowell will have available to build out the space. Earlier this month, the Massachusetts Life Sciences Center awarded UMass Lowell $4 million to expand the university’s Massachusetts…
  • Update: Murray says income committee backs phased-in $15 an hour wage

    Marc Stiles
    24 Apr 2014 | 6:22 pm
    Seattle Mayor Ed Murray on Thursday outlined the principles that a small majority of business and labor representatives on his income inequality committee have agreed to with regard to raising the minimum wage. They are: The minimum wage should be raised to $15 an hour. It would be difficult for small businesses and non-profits to start paying $15 now. "Given that, getting to $15 should be phased in," Murray said. Once $15 an hour is attained, future increases to the minimum wage should be based…
  • Colorado’s oil and gas industry is booming. Now, about those taxes?

    Cathy Proctor
    24 Apr 2014 | 5:23 pm
    A bill creating a study group to look at Colorado’s severance tax rate, structure and spending, died this week in the Legislature — but its spirit will live on as a panel convened by the Hickenlooper administration. Senate Bill 198, co-sponsored by Sen. Mary Hodge, D-Brighton, and Sen. Gail Schwartz, D- Snowmass, was postponed indefinitely Wednesday by the Senate Committee on Agriculture, Natural Resources and Energy. Schwartz chairs the committee. But the administration will take up the issues…
  • Chaminade University's Hogan/American Savings Bank competition: Slideshow

    Jenna Blakely
    24 Apr 2014 | 4:48 pm
    Hooulu Pacific, a nonprofit agriculture and technology services provider, won the 2014 Chaminade University Hogan Entrepreneurs Business Plan competition, which awarded $30,000 to eight projects pitched by Hawaii nonprofit finalists. The contest,  held every other year, is only open to Hawaii nonprofits, who must submit innovative ideas. The eight nonprofits named as finalists must pitch their ideas in front of a panel of judges comprised of senior executives and nonprofit leaders. After several…
  • Wichita attorney Jeff Kennedy to speak at KU commencement

    Josh Heck
    24 Apr 2014 | 12:49 pm
    Jeff Kennedy will be a featured speaker next month at the commencement ceremony for the University of Kansas. Kennedy served as the managing partner of Martin, Pringle, Oliver Wallace & Bauer LLP from 2002 until last month  when he passed the torch to Stan Smith. Kennedy is still with the Martin Pringle firm and is back to focusing on his oil and gas law practice. KU’s spring commencement, meanwhile, starts at 10:30 a.m. May 18 at Memorial Stadium in Lawrence.  
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    Energy & the Environment News - Energy News Headlines | Bizjournals.com

  • Sopogy Inc. has debts of $1.2M as liquidation process begins

    Duane Shimogawa
    24 Apr 2014 | 8:00 pm
    Sopogy Inc., the solar energy company founded in Honolulu by Hawaii entrepreneur Darren Kimura more than a decade ago that was recently shut down, has debts of about $1.2 million, according to a letter to the company’s creditors obtained by Pacific Business News. Sopogy, which had been in the process of developing solar thermal collectors and other technologies for solar energy installations in various stages of development, testing and preparation for commercialization, has assets that include…
  • Colorado’s oil and gas industry is booming. Now, about those taxes?

    Cathy Proctor
    24 Apr 2014 | 5:23 pm
    A bill creating a study group to look at Colorado’s severance tax rate, structure and spending, died this week in the Legislature — but its spirit will live on as a panel convened by the Hickenlooper administration. Senate Bill 198, co-sponsored by Sen. Mary Hodge, D-Brighton, and Sen. Gail Schwartz, D- Snowmass, was postponed indefinitely Wednesday by the Senate Committee on Agriculture, Natural Resources and Energy. Schwartz chairs the committee. But the administration will take up the issues…
  • Denver airplane service firm Ross Aviation snapped up by Houston company

    Cathy Proctor
    24 Apr 2014 | 3:51 pm
    Denver’s Ross Aviation LLC, which operates fixed-base operations at 20 airports around the country, is being bought by Houston’s Landmark Aviation Inc., part of global asset manager The Carlyle Group. A fixed-base operator, or FOB, provides aeronautical services at airports, such as fueling, aircraft rental and aircraft maintenance. The acquisition is expected to close in the second half of 2014, the two companies said in an announcement Thursday. Terms of the deal were not disclosed. Ross’s…
  • Austin's next budget may yield lower rate but higher average tax bill

    Robert Grattan
    24 Apr 2014 | 12:59 pm
    Austin's early budget planning adds only a few new city services and employees and cuts the property tax rate, though rising home values will mean a larger tax bill for the average homeowner. Under the planned new rate, the typical homeowner will pay $28 more in city property taxes. Austinites can also expect to pay $11 per month more for utilities such as water, electricity and trash collection, according to a report by the Austin American-Statesman. The budget allows for raises for city employees…
  • Koch Industries outlines energy efficiency gains

    Daniel McCoy
    24 Apr 2014 | 12:52 pm
    During an  interview with the WBJ earlier this year, Koch Industries Inc. chairman and CEO Charles Koch reiterated a statement that is at the core of his business philosophy. “The role of business is to create products that make people’s lives better while using less resources to do it and making more resources available to satisfy other needs,” he said. This week, the company released some details about how it and its subsidiaries are working to meet that charge — work that represents…
 
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    Green News - Green News Headlines | Bizjournals.com

  • Colorado’s oil and gas industry is booming. Now, about those taxes?

    Cathy Proctor
    24 Apr 2014 | 5:23 pm
    A bill creating a study group to look at Colorado’s severance tax rate, structure and spending, died this week in the Legislature — but its spirit will live on as a panel convened by the Hickenlooper administration. Senate Bill 198, co-sponsored by Sen. Mary Hodge, D-Brighton, and Sen. Gail Schwartz, D- Snowmass, was postponed indefinitely Wednesday by the Senate Committee on Agriculture, Natural Resources and Energy. Schwartz chairs the committee. But the administration will take up the issues…
  • Renewable fuels, such as ethanol, put billions into Colorado economy, report says

    24 Apr 2014 | 4:26 pm
    The renewable fuel industry puts billions of dollars into Colorado’s economy and supports thousands of jobs, according to a new study from The Fuels America coalition. Renewable fuels, including ethanol and biodiesel made from plants such as corn, grass or woody biomass and algae, account for nearly 10 percent of the fuel supply across the nation, according to the coalition of agribusiness groups and companies, which released the study Thursday. The coalition is battling efforts to repeal or…
  • Denver airplane service firm Ross Aviation snapped up by Houston company

    Cathy Proctor
    24 Apr 2014 | 3:51 pm
    Denver’s Ross Aviation LLC, which operates fixed-base operations at 20 airports around the country, is being bought by Houston’s Landmark Aviation Inc., part of global asset manager The Carlyle Group. A fixed-base operator, or FOB, provides aeronautical services at airports, such as fueling, aircraft rental and aircraft maintenance. The acquisition is expected to close in the second half of 2014, the two companies said in an announcement Thursday. Terms of the deal were not disclosed. Ross’s…
  • Alexander & Baldwin deal with The Nature Conservancy creates Hawaii's largest private nature reserve on Maui

    Duane Shimogawa
    24 Apr 2014 | 2:57 pm
    A subsidiary of Alexander & Baldwin and The Nature Conservancy have closed on a $190,000 agreement that will create the largest private nature reserve in Hawaii, nearly doubling the size of the nonprofit’s Waikamoi Preserve in East Maui to about 9,000 acres of rainforest lands, the two entities said Thursday. East Maui Irrigation Co. Ltd.’s 3,721 acres of land shares a seven-mile boundary with the Nature Conservancy’s 5,230-acre Waikamoi Preserve, bringing the total amount of land now under…
  • Renewables fueling Arizona's economy at rate of $1.2 billion annually

    Hayley Ringle
    24 Apr 2014 | 2:22 pm
    Renewable fuels are driving $1.2 billion of annual economic output in Arizona, according to an economic impact study released today. The Fuels America coalition released the study by Brooklyn, N.Y.-based John Dunham & Associates, which shows the benefits of renewable energy fuels for Arizona workers and businesses. In Arizona, the renewable fuels sector supports 5,543 jobs and generates about $320 million in annual wages. This contributes to $34.6 million in federal taxes and $30 million in Arizona…
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    Health Care News - Health Care News Headlines | Bizjournals.com

  • Arizona VA hospital under scrutiny after 40 die awaiting care

    24 Apr 2014 | 9:41 pm
    The Veterans Affairs Health Care system in Phoenix is under scrutiny after media investigations revealed as many as 40 veterans died while awaiting care after being assigned to a secret wait list used to control costs. CNN reported internal emails and inside sources that there is a secret wait list that is designed to avoid the VA's internal rules. Click here to read more.
  • Mass. small businesses get extra year to comply with ObamaCare rating factors

    Jon Chesto
    24 Apr 2014 | 7:52 pm
    It’s not the victory that the Patrick administration and the local business community had sought. But at least it’s something, right? Gov. Deval Patrick says he was told today by the U.S. Health and Human Services Secretary Kathleen Sebelius that the state has been given an extra year to comply with the rules for “rating factors” under ObamaCare. The state’s health insurers may now continue to use their rating factors — such as breaks tied to a low-risk industry — to help determine…
  • Catholic Charities Hawaii opens Waipahu center, part of bigger plan to improve access statewide

    Jenna Blakely
    24 Apr 2014 | 7:02 pm
    Catholic Charities Hawaii has opened a new 1,048-square-foot counseling center in Waipahu in the Sonido-Alquero Building on Waipahu Depot Street to provide Leeward Oahu residents with greater access to its services. The new Waipahu Counseling Center is by appointment only. There, Leeward residents can meet with licensed therapists to address a range of issues from behavioral and mental health to relationship problems. “The new Counseling Center is just one small part of the innovative statewide…
  • Update: Murray says income committee backs phased-in $15 an hour wage

    Marc Stiles
    24 Apr 2014 | 6:22 pm
    Seattle Mayor Ed Murray on Thursday outlined the principles that a small majority of business and labor representatives on his income inequality committee have agreed to with regard to raising the minimum wage. They are: The minimum wage should be raised to $15 an hour. It would be difficult for small businesses and non-profits to start paying $15 now. "Given that, getting to $15 should be phased in," Murray said. Once $15 an hour is attained, future increases to the minimum wage should be based…
  • Colorado’s oil and gas industry is booming. Now, about those taxes?

    Cathy Proctor
    24 Apr 2014 | 5:23 pm
    A bill creating a study group to look at Colorado’s severance tax rate, structure and spending, died this week in the Legislature — but its spirit will live on as a panel convened by the Hickenlooper administration. Senate Bill 198, co-sponsored by Sen. Mary Hodge, D-Brighton, and Sen. Gail Schwartz, D- Snowmass, was postponed indefinitely Wednesday by the Senate Committee on Agriculture, Natural Resources and Energy. Schwartz chairs the committee. But the administration will take up the issues…
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    Human Resources News - Human Resources News Headlines | Bizjournals.com

  • What Vince Vaughn and Owen Wilson can teach us about work-life balance

    Julie Cohen
    24 Apr 2014 | 10:00 pm
    I just finished watching the movie, The Internship, which follows the escapades of two underachieving, fun-loving slackers on their quest to gain full-time employment at Google through its internship program. This goofy comedy pokes fun at Google’s all-encompassing culture, mocks stereotypes of multiple generations in the workplace (Millennials, Gen X), and highlights how technology has changed the world of work. Although it’s really just a silly vehicle for the two stars’ antics, there are…
  • Dunkin' Donuts is testing ways to improve sandwich-making speeds

    Jon Chesto
    24 Apr 2014 | 7:06 pm
    The workers at Dunkin’ Donuts might be fast. But they’re just not assembling those egg sandwiches quickly enough for Nigel Travis. The CEO of parent company Dunkin’ Brands told analysts today that the Canton-based coffee shop chain is experimenting with a new sandwich station. The initiative is aimed at significantly boosting a typical Dunkin’ shop’s efficiency. Travis says the company has hired two unnamed universities to study the issue and look for ways to pick up the pace. He also…
  • Update: Murray says income committee backs phased-in $15 an hour wage

    Marc Stiles
    24 Apr 2014 | 6:22 pm
    Seattle Mayor Ed Murray on Thursday outlined the principles that a small majority of business and labor representatives on his income inequality committee have agreed to with regard to raising the minimum wage. They are: The minimum wage should be raised to $15 an hour. It would be difficult for small businesses and non-profits to start paying $15 now. "Given that, getting to $15 should be phased in," Murray said. Once $15 an hour is attained, future increases to the minimum wage should be based…
  • 'Job killer'? California might have a rude tax surprise for companies with monster CEO salaries

    Allen Young
    24 Apr 2014 | 4:27 pm
    California Democrats proposed a bill Thursday that would raise state taxes on publicly traded companies that pay their top-earning employee 100 times as much or more as the company's average worker. Despite a high-profile backing by former U.S. Secretary of Labor Robert Reich, who joined lawmakers in Sacramento on Thursday to promote the bill, passage will require support from both the governor and some Republicans to garner a supermajority. Gov. Jerry Brown has not taken a position on the bill,…
  • Update: Murray says income committee backs phased-in $15 an hour wage

    Marc Stiles
    24 Apr 2014 | 4:11 pm
    Seattle Mayor Ed Murray on Thursday outlined the principles that a small majority of business and labor representatives on his income inequality committee have agreed to with regard to raising the minimum wage. They are: The minimum wage should be raised to $15 an hour. It would be difficult for small businesses and non-profits to start paying $15 now. "Given that, getting to $15 should be phased in," Murray said. Once $15 an hour is attained, future increases to the minimum wage should be based…
 
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    Insurance News - Insurance News Headlines | Bizjournals.com

  • Update: Murray says income committee backs phased-in $15 an hour wage

    Marc Stiles
    24 Apr 2014 | 6:22 pm
    Seattle Mayor Ed Murray on Thursday outlined the principles that a small majority of business and labor representatives on his income inequality committee have agreed to with regard to raising the minimum wage. They are: The minimum wage should be raised to $15 an hour. It would be difficult for small businesses and non-profits to start paying $15 now. "Given that, getting to $15 should be phased in," Murray said. Once $15 an hour is attained, future increases to the minimum wage should be based…
  • Colorado’s oil and gas industry is booming. Now, about those taxes?

    Cathy Proctor
    24 Apr 2014 | 5:23 pm
    A bill creating a study group to look at Colorado’s severance tax rate, structure and spending, died this week in the Legislature — but its spirit will live on as a panel convened by the Hickenlooper administration. Senate Bill 198, co-sponsored by Sen. Mary Hodge, D-Brighton, and Sen. Gail Schwartz, D- Snowmass, was postponed indefinitely Wednesday by the Senate Committee on Agriculture, Natural Resources and Energy. Schwartz chairs the committee. But the administration will take up the issues…
  • West Penn Allegheny Health System's 2013 losses more than double

    Kris B. Mamula
    24 Apr 2014 | 3:03 pm
    Highmark’s West Penn Allegheny Health System had an operating loss of $386 million for the 12 months ending June 30, 2013, more than double the loss first reported in October, according to audited results released Thursday. The hospital network reported an operating loss of $153.1 million in October, but the loss rose to $386 million for goodwill impairment after the results were audited, Allegheny Health Network Interim CFO Elizabeth Allen said. The impairment was added to the balance sheet…
  • Debate heating up over hospital charity care bill

    Kathy Robertson
    24 Apr 2014 | 2:43 pm
    Debate is already heating up over a bill that would regulate the amount of charity care nonprofit hospitals in California have to provide in exchange for tax-exempt status. Assembly Bill 1952 by Sacramento Assemblyman Richard Pan requires nonprofit hospitals to provide annual charity care amounting to 5 percent of the hospital’s net revenue. The bill aims to ensure taxpayer subsidies result in some minimum amount of community benefits — including charity care — for their communities, proponents…
  • Assurant Health will choose ACA marketplace states in 'next few months'

    Rich Kirchen
    24 Apr 2014 | 2:14 pm
    Executives at the parent company of Milwaukee-based Assurant Health will decide over the next few months the states where Assurant will sell health insurance via the Affordable Care Act marketplace. Assurant Inc. (NYSE: AIZ), New York City, did not participate in the ACA marketplace during the first year of the program in 2014. Executives previously said they plan to enter the marketplace for the 2015 coverage year. “In advance of the next enrollment period that begins in November, we are considering…
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    Legal Services News - Legal Services News Headlines | Bizjournals.com

  • Update: Murray says income committee backs phased-in $15 an hour wage

    Marc Stiles
    24 Apr 2014 | 6:22 pm
    Seattle Mayor Ed Murray on Thursday outlined the principles that a small majority of business and labor representatives on his income inequality committee have agreed to with regard to raising the minimum wage. They are: The minimum wage should be raised to $15 an hour. It would be difficult for small businesses and non-profits to start paying $15 now. "Given that, getting to $15 should be phased in," Murray said. Once $15 an hour is attained, future increases to the minimum wage should be based…
  • Colorado’s oil and gas industry is booming. Now, about those taxes?

    Cathy Proctor
    24 Apr 2014 | 5:23 pm
    A bill creating a study group to look at Colorado’s severance tax rate, structure and spending, died this week in the Legislature — but its spirit will live on as a panel convened by the Hickenlooper administration. Senate Bill 198, co-sponsored by Sen. Mary Hodge, D-Brighton, and Sen. Gail Schwartz, D- Snowmass, was postponed indefinitely Wednesday by the Senate Committee on Agriculture, Natural Resources and Energy. Schwartz chairs the committee. But the administration will take up the issues…
  • California governor names Jodi Remke to lead ethics watchdog agency

    I-Chun Chen
    24 Apr 2014 | 4:45 pm
    California Gov. Jerry Brown has selected Jodi Remke, presiding judge of the State Bar Court of California, to lead the state’s ethics watchdog agency. At the California Fair Political Practices Commission, Remke, 48, fills a post that has been empty for six months following the departure of Ann Ravel, who left for the Federal Election Commission in October. Remke, a Democrat from Oakland, was a hearing judge at the State Bar Court from 2000 to 2006 and has been a presiding judge since 2006. The…
  • Hawaii Supreme Court looking for attorneys for disciplinary board

    Duane Shimogawa
    24 Apr 2014 | 2:23 pm
    The Hawaii Supreme Court is looking for applicants across the state for six lawyer and non-lawyer positions on the Disciplinary Board. The board’s duties include overseeing the Office of Disciplinary Counsel, which investigates allegations of attorney misconduct and recommends appropriate action to the Hawaii Supreme Court. The term for each position will begin on July 1 and last for three years. The positions are not compensated, although travel expenses may be reimbursed. Qualifications include…
  • 6 reasons lawyers get a law degree (Slideshow)

    Caitlin Hendee
    24 Apr 2014 | 1:28 pm
    There’s all sorts of reasons a person might decide to pursue a law degree. When I was a student, a lot of my fellow journalism-major counterparts chose law because of the diminishing availability of professional careers in the media business. Others picked that path to make money. Still others did it for more traditional reasons, such as that’s what their parents did before them. Overwhelmingly, however, most lawyers I know chose that profession for the same reason that the lawyers in a Robert…
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    Logistics & Transportation News - Logistics & Transportation News Headlines | Bizjournals.com

  • Honolulu rail agency forum to help Hawaii businesses bid on contracts for $5.16B project

    Bill Cresenzo
    24 Apr 2014 | 7:42 pm
    The Honolulu Authority for Rapid Transportation is holding a forum next month for local businesses who want to bid on contracts for the construction of the $5.16 billion project. HART's Industry Day is scheduled to be held on May 5, from 8 a.m. to noon, at the Honolulu Country Club. It's being sponsored by Move Oahu Forward, the Chamber of Commerce of Hawaii and the state Department of Transportation's Disadvantaged Business Enterprise Office. The event is for contractors, construction companies,…
  • Update: Murray says income committee backs phased-in $15 an hour wage

    Marc Stiles
    24 Apr 2014 | 6:22 pm
    Seattle Mayor Ed Murray on Thursday outlined the principles that a small majority of business and labor representatives on his income inequality committee have agreed to with regard to raising the minimum wage. They are: The minimum wage should be raised to $15 an hour. It would be difficult for small businesses and non-profits to start paying $15 now. "Given that, getting to $15 should be phased in," Murray said. Once $15 an hour is attained, future increases to the minimum wage should be based…
  • Poll finds 73% would support new sales tax to fund transportation projects in Silicon Valley

    Lauren Hepler
    24 Apr 2014 | 6:05 pm
    After two years of steady employment gains and a return to astronomical startup valuations in Silicon Valley, a new poll suggests that area voters may be willing to shell out to combat one of the region's most notorious side effects of economic prosperity:  Gridlocked traffic. About 73 percent of 600 likely Santa Clara County voters support the idea of a 30-year, one-quarter-cent sales tax hike to fund transportation improvements to area roads and some public rail services, according to a new…
  • Colorado’s oil and gas industry is booming. Now, about those taxes?

    Cathy Proctor
    24 Apr 2014 | 5:23 pm
    A bill creating a study group to look at Colorado’s severance tax rate, structure and spending, died this week in the Legislature — but its spirit will live on as a panel convened by the Hickenlooper administration. Senate Bill 198, co-sponsored by Sen. Mary Hodge, D-Brighton, and Sen. Gail Schwartz, D- Snowmass, was postponed indefinitely Wednesday by the Senate Committee on Agriculture, Natural Resources and Energy. Schwartz chairs the committee. But the administration will take up the issues…
  • Denver airplane service firm Ross Aviation snapped up by Houston company

    Cathy Proctor
    24 Apr 2014 | 3:51 pm
    Denver’s Ross Aviation LLC, which operates fixed-base operations at 20 airports around the country, is being bought by Houston’s Landmark Aviation Inc., part of global asset manager The Carlyle Group. A fixed-base operator, or FOB, provides aeronautical services at airports, such as fueling, aircraft rental and aircraft maintenance. The acquisition is expected to close in the second half of 2014, the two companies said in an announcement Thursday. Terms of the deal were not disclosed. Ross’s…
 
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    Manufacturing News - Manufacturing News Headlines | Bizjournals.com

  • Update: Murray says income committee backs phased-in $15 an hour wage

    Marc Stiles
    24 Apr 2014 | 6:22 pm
    Seattle Mayor Ed Murray on Thursday outlined the principles that a small majority of business and labor representatives on his income inequality committee have agreed to with regard to raising the minimum wage. They are: The minimum wage should be raised to $15 an hour. It would be difficult for small businesses and non-profits to start paying $15 now. "Given that, getting to $15 should be phased in," Murray said. Once $15 an hour is attained, future increases to the minimum wage should be based…
  • Hawaii Food Manufacturers Association launches Taste Awards to honor sector's key players

    Jenna Blakely
    24 Apr 2014 | 5:42 pm
    The Hawaii Food Manufacturers Association, the  nonprofit association that represents food manufacturers statewide, has launched a new awards program co-sponsored by the Hawaii Department of Agriculture called Taste Awards that will become an annual recognition event for the state’s top food manufacturers. Bryon Goo, president of the association’s board of directors, wanted to create this awards program to honor an industry that he says has gone without much recognition yet represents an important…
  • Colorado’s oil and gas industry is booming. Now, about those taxes?

    Cathy Proctor
    24 Apr 2014 | 5:23 pm
    A bill creating a study group to look at Colorado’s severance tax rate, structure and spending, died this week in the Legislature — but its spirit will live on as a panel convened by the Hickenlooper administration. Senate Bill 198, co-sponsored by Sen. Mary Hodge, D-Brighton, and Sen. Gail Schwartz, D- Snowmass, was postponed indefinitely Wednesday by the Senate Committee on Agriculture, Natural Resources and Energy. Schwartz chairs the committee. But the administration will take up the issues…
  • Davidson County unemployment falls in March

    Scott Harrison
    24 Apr 2014 | 2:40 pm
    Along with decreases throughout much of Tennessee, the unemployment rate in Davidson County fell slightly in March.  Davidson County’s jobless rate declined to 5.5 percent last month, down from 5.6 percent in February, the Tennessee Department of Labor and Workforce Development announced Thursday. Unemployment rates fell in 86 Tennessee counties in March, increased in four and were flat in five. Williamson County, which maintained the lowest unemployment in the state, saw its jobless rate…
  • Hanesbrands' first quarter net income declines 19 percent, but company beats expectations

    Katie Arcieri
    24 Apr 2014 | 2:39 pm
    Winston-Salem-based apparel maker Hanesbrands Inc. said its net income during the first quarter was $41.6 million, down 19 percent from $51.4 million during that quarter a year ago. But the company's results, excluding acquisition costs related to its purchase of Maidenform last year, still beat analysts' expectations. Hanesbrands also raised its 2014 full-year financial guidance. The company (NYSE:HBI) said its first quarter net sales were $1.06 billion, up 12 percent from $945 million. Factors…
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    Media & Marketing News - Media & Marketing News Headlines | Bizjournals.com

  • Top 25 Best Places to Work in Dayton (With ranking order)

    Caleb Stephens
    24 Apr 2014 | 6:05 pm
    Roughly 350 people showed up at the Schuster Center in downtown Dayton on Thursday evening to celebrate the DBJ’s Best Places to Work. The ranking of the top 25 Best Places to Work in Dayton was revealed at the event. Click on the photo on the right to see a countdown of the Best Places to Work in Dayton. The Best Places to Work awards program recognizes employee engagement and satisfaction at local workplaces. 
  • Gov. Brown feels Hollywood's pain, but that doesn't mean he backs film and TV tax credits

    Annlee Ellingson
    24 Apr 2014 | 4:09 pm
    Gov. Jerry Brown may not be ready to throw his support behind Assembly Bill 1839, but his administration signaled on Thursday that it hears Hollywood’s concerns about runaway production. At an annual breakfast hosted by the California Film Commission, Kish Rajan, director of the Governor’s Office of Business & Economic Development, cited “difficult political considerations” preventing the governor from publicly backing the California Film and Television Job Retention and Promotion Act, which…
  • Aaron Sorkin needs to brush up on his dialogue on gender parity in Hollywood

    Gina Hall
    24 Apr 2014 | 4:06 pm
    Maybe writer Aaron Sorkin needs to take a few of his famous walk-and-talks with some women working in Hollywood. The "Newsroom" creator recently flubbed his dialogue addressing gender parity when it comes to roles on screen. Speaking at Tribeca Innovation Week in New York City, Sorkin stepped into the fray that is gender politics when he was asked about female protagonists on screen. "When 52 percent of the movie ticket-buying public are female, but only 15 percent of the protagonists are, it…
  • WonderCon 2014: Sony delivers ‘Evil’ panel

    Annlee Ellingson
    24 Apr 2014 | 4:06 pm
    In an eyebrow-raising move, Sony opted not to pump the May 2 release of “The Amazing Spider-Man 2” at WonderCon last weekend, devoting an hour-long panel instead to one title: horror flick “Deliver Us from Evil,” due in theaters on July 21. In the liveliest discussion all day, largely due to moderator Chris Hardwick’s easy rapport with the panelists and a backstage beer-chugging contest right before they came on, director Scott Derrickson, producer Jerry Bruckheimer and stars Eric Bana,…
  • IIFA to rock with a night of fashion and music

    Jo-Lynn Brown
    24 Apr 2014 | 3:41 pm
    The International Indian Film Academy is presenting the Myntra.com IIFA Rocks Thursday night.  Myntra.com IIFA Rocks will showcase leading Indian designers from India and the host nation, Vikram Phadnis, Manish Malhotra and the U.S.-based Amita Bal, according to a statement.  Malhotra will be showing a collection from Shabana Azmi’s NGO, the Mijwan Welfare Society, and Phadnis will be showcasing his collection ‘"Nazaakat," which he designed for Vishal Fashions, the statement said.  Bal…
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    Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com

  • Housing prices rise across U.S., but sales are down

    24 Apr 2014 | 9:27 pm
    U.S. home sale prices are up, but the number of sales are slumping, particularly in the West and Arizona. Bloomberg reported the West's sale were at the lowest level in two years. Arizona has seen prices for homes level off as the number of homes for sale has risen and buyers have been reluctant to pull the trigger. Click here to read more.
  • Colorado’s oil and gas industry is booming. Now, about those taxes?

    Cathy Proctor
    24 Apr 2014 | 5:23 pm
    A bill creating a study group to look at Colorado’s severance tax rate, structure and spending, died this week in the Legislature — but its spirit will live on as a panel convened by the Hickenlooper administration. Senate Bill 198, co-sponsored by Sen. Mary Hodge, D-Brighton, and Sen. Gail Schwartz, D- Snowmass, was postponed indefinitely Wednesday by the Senate Committee on Agriculture, Natural Resources and Energy. Schwartz chairs the committee. But the administration will take up the issues…
  • Luxury homes sales on Oahu up 30%, Coldwell Banker Pacific Properties says

    Bill Cresenzo
    24 Apr 2014 | 5:00 pm
    Sales of homes for $1 million or more increased 30 percent during the first quarter, according to a report released Thursday by Coldwell Banker Pacific Properties. There were 167 sales of homes for $1 million or more in the first quarter, compared to 128 during the first quarter of 2013. The median price for the quarter was $1.4 million, compared to $1.46 million a year ago. The report says that about 80 percent of the homes in the $1 to $2 million price range were purchased by local residents,…
  • Alagasco to repurpose depot materials for Rickwood Field project

    Bryan Davis
    24 Apr 2014 | 3:08 pm
    Portions of the downtown Birmingham train depot will find a new life at one of Birmingham's most history-laden venues, thanks to what you might call a ninth-inning save. Alagasco said Thursday it will work with several entities to repurpose materials from the depot that sits on the site of its new metro operations center to build a new batting building for Rickwood Field. According to Alagasco, “distinctive brick, support beams and trusses of the railway freight building and dock that were removed…
  • Averting gridlock: Could a Seattle-only bus tax gain traction with voters?

    Steven Goldsmith
    24 Apr 2014 | 2:59 pm
    After King County voters’ resounding rejection of a tax to avert cuts to Metro bus service, could Seattle voters think differently? Backers of an initiative for the city’s November ballot hope so. A group called Friends of Transit plans to file an initiative at Seattle City Hall tomorrow that would raise an estimated $25 million a year in property taxes to reverse most of the planned cuts to Metro routes that serve the city. “If we cut these routes, it’s our economic core that suffers,”…
 
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    Retailing & Restaurants News - Retailing & Restaurants News Headlines | Bizjournals.com

  • Bazaarvoice agreement with DOJ resolves federal antitrust ruling

    Christopher Calnan
    24 Apr 2014 | 8:06 pm
    Bazaarvoice Inc. said it had reached a settlement with the U.S. Department of Justice to resolve a 16-month antitrust case. The news comes two weeks after Austin-based Bazaarvoice disclosed an agreement to sell the assets of PowerReviews Inc. to Chicago-based Viewpoints LLC for an undisclosed amount. Bazaarvoice bought San Francisco-based PowerReviews in mid-2012 for $168 million, and the DOJ filed its antitrust lawsuit in January 2013. Last year, a federal judge ruled in favor of the DOJ and…
  • Dunkin' Donuts is testing ways to improve sandwich-making speeds

    Jon Chesto
    24 Apr 2014 | 7:06 pm
    The workers at Dunkin’ Donuts might be fast. But they’re just not assembling those egg sandwiches quickly enough for Nigel Travis. The CEO of parent company Dunkin’ Brands told analysts today that the Canton-based coffee shop chain is experimenting with a new sandwich station. The initiative is aimed at significantly boosting a typical Dunkin’ shop’s efficiency. Travis says the company has hired two unnamed universities to study the issue and look for ways to pick up the pace. He also…
  • Update: Murray says income committee backs phased-in $15 an hour wage

    Marc Stiles
    24 Apr 2014 | 6:22 pm
    Seattle Mayor Ed Murray on Thursday outlined the principles that a small majority of business and labor representatives on his income inequality committee have agreed to with regard to raising the minimum wage. They are: The minimum wage should be raised to $15 an hour. It would be difficult for small businesses and non-profits to start paying $15 now. "Given that, getting to $15 should be phased in," Murray said. Once $15 an hour is attained, future increases to the minimum wage should be based…
  • Hawaii’s Teddy’s Bigger Burgers expanding to Texas

    Janis L. Magin
    24 Apr 2014 | 5:36 pm
    Hawaii-based Teddy’s Bigger Burgers is expanding on the Mainland with its first franchised restaurant in Texas. The first Texas store is under development in the Dallas-Forth Worth area under the first of two franchise agreements in Texas, Teddy’s Bigger Burgers said. The Honolulu-based company, which has eight 1950s-style restaurants in Hawaii, three on the Mainland and one in Japan, said it plans to award more franchised stores in Texas as part of its expansion plan. “We’re thrilled…
  • Kalapaki Joe's to open at Kauai's Kukui Grove Center this summer

    Duane Shimogawa
    24 Apr 2014 | 5:32 pm
    Kalapaki Joe's, the popular Kauai sports bar and restaurant, plans to open a location at the Kukui Grove Shopping Center in Lihue this summer on the makai side of the mall near the planned Sports Authority store. "Kalapaki Joe’s is a well-established favorite restaurant with local families," Kukui Grove Center General Manager Wade Lord said in a statement. "They complement our existing restaurant mix nicely and is a great addition along with the new Sports Authority and Ross Dress For Less stores." Kalapaki…
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    Sports Business News - Sports Business News Headlines | Bizjournals.com

  • Jaguars fans take anger to Twitter after NFL cracks joke about London move

    Ashley Gurbal Kritzer
    24 Apr 2014 | 3:53 pm
    Jacksonville Jaguars fans’ furor on social media over a slight from the NFL has grabbed the attention of the Washington Post. The National Football League took a shot at the Jags in a summary of Week 10 matchups, including the Jaguars versus the Dallas Cowboys, to be played in London. SBNation.com posted a screenshot of the original message, the last line of which said, “The London Jaguars does have an excellent ring to it.” The Week 10 summary has since been edited, and that line has been…
  • Time Magazine puts record number of women on its Top 100 list

    Gina Hall
    24 Apr 2014 | 3:29 pm
    It's not quite equality, but it's getting closer.  Time Magazine picked its top 100 influencers, and a record 41 of them are women. Plus, the magazine's cover features singer Beyonce, a decision probably based more on newsstand sales than anything else. But it’s a step toward acknowledging the depth of female talent and influence. The Time 100 picks individuals who guide culture, sports, politics, business and activism. Of course the selections make for some interesting conversation. Very few…
  • UnitedHealth-backed clinic startup opens first Twin Cities location

    Katharine Grayson
    24 Apr 2014 | 3:09 pm
    A startup chain of orthopedic-pain clinics backed by UnitedHealth Group Inc. has opened its first Twin Cities location. The company, Orthology, will treat patients suffering from conditions like low-back pain using a methodology developed by Josh Sandell, a Twin Cities chiropractor who cares for professional athletes such as Minnesota Vikings players Greg Jennings and Kyle Rudolph. Orthology opened its flagship 5,000-square-foot clinic in Eden Prairie late last month. It will add locations in St.…
  • Alagasco to repurpose depot materials for Rickwood Field project

    Bryan Davis
    24 Apr 2014 | 3:08 pm
    Portions of the downtown Birmingham train depot will find a new life at one of Birmingham's most history-laden venues, thanks to what you might call a ninth-inning save. Alagasco said Thursday it will work with several entities to repurpose materials from the depot that sits on the site of its new metro operations center to build a new batting building for Rickwood Field. According to Alagasco, “distinctive brick, support beams and trusses of the railway freight building and dock that were removed…
  • Food trucks: A new attempt to revitalize San Jose's St. James Park

    Lauren Hepler
    24 Apr 2014 | 2:57 pm
    If Ryan Sebastian's gamble pans out, downtown San Jose workers and residents may soon have a new lunch option that signifies much more than a twist on the city's recent foodie renaissance. The founder of local food truck event business Moveable Feast is in talks with the city of San Jose to establish a lunchtime food truck "pod" at downtown's beleaguered St. James Park as soon as this June. While Sebastian's company is best known for organizing food trucks at weekly markets or big annual events…
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    Technology News - Technology News Headlines | Bizjournals.com

  • Raytheon shares fall amid slowdown in federal spending

    24 Apr 2014 | 9:37 pm
    Raytheon Co. saw is stock prices drop more than 4 percent after it announced lower federal spending was affecting its financials. The Arizona Daily Star reported the company saw a higher income in the first quarter compared to last year, but excluding tax and pension items the income was actually lower. Raytheon Missile Systems is a large defense contractor and employer in Tucson. Click here to read more.
  • Mobile, microscopes, IT and headphones the big winners at the 2014 tech awards

    Malia Spencer
    24 Apr 2014 | 9:00 pm
    Technology leaders from the region gathered Thursday evening for the annual Oregon Technology Awards handed out by the Technology Association of Oregon. This year, 15 companies vied for awards in different categories. Click through the slides to see the winning companies in four of the categories. This year, Intel Corp. Chairman Andy Bryant was given the Lifetime Achievement Award and Michael Burger of Cascade Microtech was given the Technology Executive of the year award. “The pool of applicants…
  • Stormpulse changes its name, collects more investment capital

    Christopher Calnan
    24 Apr 2014 | 8:11 pm
    Stormpulse Inc., a weather intelligence company, reported raising $525,000 of a planned $1 million financing. The Austin-based company collected the capital from four investors, according to a Thursday filing with the U.S. Securities and Exchange Commission. Stormpulse, founded in Chicago in 2006, aggregates government data to provide weather information to customers for risk assessments. The company relocated to Austin last year and in then released the first version of its asset and risk assessment…
  • Bazaarvoice agreement with DOJ resolves federal antitrust ruling

    Christopher Calnan
    24 Apr 2014 | 8:06 pm
    Bazaarvoice Inc. said it had reached a settlement with the U.S. Department of Justice to resolve a 16-month antitrust case. The news comes two weeks after Austin-based Bazaarvoice disclosed an agreement to sell the assets of PowerReviews Inc. to Chicago-based Viewpoints LLC for an undisclosed amount. Bazaarvoice bought San Francisco-based PowerReviews in mid-2012 for $168 million, and the DOJ filed its antitrust lawsuit in January 2013. Last year, a federal judge ruled in favor of the DOJ and…
  • Pinterest builds search engine for 30 billion "Pins"

    Patrick Hoge
    24 Apr 2014 | 7:22 pm
    Users of Pinterest, the hugely funded digital pinboarding service, have collected 30 billion image-centered items - or “Pins” - since the service launched to the public four years ago. To help “Pinners” make use of all that data, the company Thursday night unveiled what it called new search technology designed to shepherd people - primarily on mobile phones - through countless photographs and other “objects.” “Guided Seasrch will help you discover things where you didn’t know to…
 
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    Travel Business News - Travel Business News Headlines | Bizjournals.com

  • Denver airplane service firm Ross Aviation snapped up by Houston company

    Cathy Proctor
    24 Apr 2014 | 3:51 pm
    Denver’s Ross Aviation LLC, which operates fixed-base operations at 20 airports around the country, is being bought by Houston’s Landmark Aviation Inc., part of global asset manager The Carlyle Group. A fixed-base operator, or FOB, provides aeronautical services at airports, such as fueling, aircraft rental and aircraft maintenance. The acquisition is expected to close in the second half of 2014, the two companies said in an announcement Thursday. Terms of the deal were not disclosed. Ross’s…
  • IAH design plans unveiled: Terminal D to be replaced by new international terminal

    Molly Ryan
    24 Apr 2014 | 2:37 pm
    After listening to complaints for more than four years about the cramped environment of George Bush Intercontinental Airport’s Terminal D, an international terminal, the Houston Airport System is now moving forward with a new plan to demolish the more than 20-year-old terminal and build a new one in its place. HAS publicly introduced its plan for the new Terminal D, to be called the Mickey Leland International Terminal, in a Houston city council committee meeting on April 24. Click through…
  • Renovations help push Pebblebrook hotels revenue up

    Jeff Clabaugh
    24 Apr 2014 | 2:06 pm
    Bethesda-based Pebblebrook Hotel Trust cut its losses in the first quarter, crediting hotel renovations for improving room revenue and forecasting a full-year profit. Pebblebrook logged a first quarter net loss of $2 million, or 3 cents per share, compared to a quarterly loss a year earlier of $4.9 million, or 8 cents per share. Per share funds from operations was 26 cents, compared to 20 cents. “Significant revenue growth throughout our portfolio was widespread, though our hotels that were…
  • Virgin America may be big winner in Dallas

    Eric Young
    24 Apr 2014 | 1:44 pm
    In what would spur a major route expansion, Virgin America Inc. may have beaten out two competing airlines in a battle for gates at Dallas’ Love Field. Virgin America, based in Burlingame, scheduled a Friday news conference in Dallas “to discuss the future of our Dallas operations,”  The Dallas Morning News reported.  The airline flies to Dallas-Ft. Worth International Airport, where it offers daily direct flights to San Francisco International and Los Angeles International Airport. But…
  • That time Uber almost charged me $1,099 for a Boston-to-Cambridge trip

    David Harris
    24 Apr 2014 | 1:01 pm
    I was late for an interview on Thursday. So I did what I've been doing for the past few months: taking out my smartphone, signing into Uber and getting a cab. Within a few minutes, my cab showed up, headlights flashing in order to let me know this was my ride. My cabbie, appropriately enough, was listening to Bloomberg radio and talking about Apple's  recently announced stock split while navigating the Financial District's traffic-clogged streets. WIthin about 20 minutes, we were at my final destination…
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  • Denver airplane service firm Ross Aviation snapped up by Houston company

    Cathy Proctor
    24 Apr 2014 | 3:51 pm
    Denver’s Ross Aviation LLC, which operates fixed-base operations at 20 airports around the country, is being bought by Houston’s Landmark Aviation Inc., part of global asset manager The Carlyle Group. A fixed-base operator, or FOB, provides aeronautical services at airports, such as fueling, aircraft rental and aircraft maintenance. The acquisition is expected to close in the second half of 2014, the two companies said in an announcement Thursday. Terms of the deal were not disclosed. Ross’s…
  • Workers' comp reform bill moves on to Colorado Senate

    Ed Sealover
    24 Apr 2014 | 9:49 am
    A compromise workers’ compensation reform bill went from picking up little Republican support to picking up absolutely no GOP backing as the Colorado House gave its final approval to the measure Thursday on a Democratic-led party-line vote Wednesday. House Bill 1383, sponsored by Rep. Angela Williams, D-Denver, would increase from two to four the minimum number of doctors that employers must offer to workers who have been injured on the job.  Over a lengthy negotiation process, business groups…
  • Colorado health exchange oversight committee questions enrollment numbers

    Ed Sealover
    24 Apr 2014 | 9:34 am
    Several members of a legislative committee overseeing Connect for Health Colorado expressed exasperation Thursday that leaders of the health-benefit exchange could not say how many people they have pulled off of the rolls of the uninsured. But they seemed comparably less concerned about fees the exchange will implement on policies next year. Republicans on the Legislative Health Benefit Exchange Implementation Review Committee have often been critical of the costs and operations of the state-chartered…
  • Izea coming to Upstart Expo, looks to fill 30 positions

    Matthew Richardson
    24 Apr 2014 | 4:14 am
    Attendees of the upcoming local tech jobs fair Upstart Expo can expect to see Orlando-based tech firm Izea Inc. there. Event organizer Jason Wade said he has a commitment from Izea to attend the fair and that the tech firm is currently seeking to fill 30 positions, the Orlando Sentinel reports. Orlando Business Journal reported earlier this month about the expo’s debut June 28 and how Wade is shooting for 20 companies and about 200 people. For more on tech firms, check out the links below: Start…
  • Pop-up creative firm coming to Wilkinsburg next week

    Justine Coyne
    23 Apr 2014 | 2:47 pm
    UpTo Mainstreet will be setting up shop next week in Wilkinsburg to offer creative services to small business owners in the community.  Developed with the support of Idea Foundry's Intersector social enterprise incubator, UpTo offers business owners a  range of services(for a suggested donation) with the goal of helping neighborhood businesses realize the impact good writing and design can have for business. The service connects freelance designers and writers with small business owners to establish…
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    Albany Business News - Local Albany News | Business Review of Albany

  • Casino operator pays $1M application fee in Schenectady

    Michael DeMasi
    24 Apr 2014 | 11:58 am
    Casino operators interested in building at the $150 million-plus Mohawk Harbor mixed-use development along the river in Schenectady, NY, paid the state's mandatory $1 million application fee. David Buicko, chief operating officer at The Galesi Group, the firm developing Mohawk Harbor, said the fee was paid by the April 23 deadline. "We're in the game," Buicko said. He declined to disclose the identity of the prospective casino operators. Confirmation of the fee payment brings to five the number…
  • Albany casino site presents challenges for access, design

    Michael DeMasi
    24 Apr 2014 | 11:49 am
    An upside-down-cone-shaped salt shed and maintenance garages aren't the first things you would expect to see as you drive up to a $300 million-plus resort casino. But that's the first impression of the site near Thruway Exit 23 in Albany, NY where a development team is pursuing a state license for a commercial casino. The site is one of five in the Capital Region where prospective developers and operators are interested in building a casino, based on the $1 million application fees that were filed…
  • Tech giant 3M continues growth after acquiring Treo Solution

    David Robinson
    24 Apr 2014 | 11:28 am
    3M, the Fortune 100 conglomerate, on Thursday reported net income of $1.2 billion in the first quarter of 2014, which ended March 31. The news comes after 3M (NYSE: MMM) earlier this month finalized its purchase of Treo Solutions, a company near Troy, NY, that analyzes health care data. While terms of the purchase agreement have not been disclosed, the 3M earnings report Thursday portrays the magnitude of Treo's ascent during the past 12 years. Prior to joining 3M, Treo's annual revenue had more…
  • Energy executives to discuss startups, storage and grid modernization at April 25 Power Breakfast

    Megan Rogers
    24 Apr 2014 | 11:19 am
    Executives in the energy industry will discuss energy sector start-ups, energy storage and grid modernization, among other topics, at the Business Review's energy Power Breakfast Friday. The Power Breakfast begins at 7:30 a.m. at the Glen Sanders Mansion in Scotia, New York. More than 220 people will gather to hear from a panel of executives discuss the latest developments and issues in the energy business. Within the past week, New York state has announced $1 billion in funding to expand the…
  • Manufacturing CEOs give tips on how to remain competitive in New York

    Krystle S. Morey
    24 Apr 2014 | 11:11 am
    Robert Langone says one of the keys to being a competitive manufacturer in New York state is having the skilled staff to get you there. While there's plenty of talent in the region, Langone, who oversees Automated Dynamics in Schenectady, New York, prefers to grow his own. "To support that product you've go to have people who are passionate about that product. It's all about creating a culture that allows that to exist and flourish. We don't usually hire those people, we grow them," Langone said. Automated…
 
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    Albuquerque Business News - Local Albuquerque News | Albuquerque Business First

  • Former Sandia researchers address the other half of the fertility problem

    Dan Mayfield
    24 Apr 2014 | 1:23 pm
    Former Sandia National Laboratories scientists Greg Sommer and Ulrich Schaff say they’ve found a way to use Sandia technology to gauge men’s reproductive health. Greg Sommer was on the Sandia team that developed the SpinDx diagnostic tool, which was originally designed to test blood samples in harsh environments. But, he said Wednesday, he and his business partner, former Sandia scientist Ulrich Schaff, found that it also worked to count sperm. “The task to my lab was to invent a cell counter…
  • FTC directors take Tesla’s side in dealership wars

    Dan Mayfield
    24 Apr 2014 | 12:25 pm
    Three FTC directors are hammering dealership laws like those in New Mexico, which prohibit Tesla Motors Inc. from selling cars directly. In a blog post on Thursday at ftc.gov, Andy Gavil, Debbie Feinstein, and Marty Gaynor, argued that Tesla should be allowed to sell its cars directly to consumers, and not use a dealership model. “For decades, local laws in many states have required consumers to purchase their cars solely from local, independent auto dealers. Removing these regulatory impediments…
  • Why do 120,916 NM businesses have no employees? (It's not a trick question.)

    Dennis Domrzalski
    24 Apr 2014 | 10:51 am
    Entrepreneurship in America rebounded for the third consecutive year in 2012, the  U.S. Census Bureau said Thursday. The number of businesses without paid employees – sole proprietorships, corporations and partnerships – in the U.S. grew by 1.1 percent to 22.7 million in 2012. Those businesses reported $1 trillion in revenue in 2012, a $41.3 billion increase from the previous year. But in New Mexico the number of those firms decreased by 101 to 120,916, but their revenue grew to $4.7 billion…
  • Lyft picks up Albuquerque

    Dan Mayfield
    24 Apr 2014 | 10:25 am
    For $1.85 a mile, you can get a Lyft in Albuquerque starting at 7 p.m. Thursday. On Thursday, Lyft, the ride-sharing, taxi-like service headquartered in San Francisco, announced that Albuquerque is one of its newest cities. “We’re thrilled Albuquerque is among 24 new cities across the country that Lyft is launching today, April 24th, in just 24 hours,” Lyft spokesperson Katie Dally told Business First. “I don’t have an exact driver number to share, but we look forward to seeing the Albuquerque…
  • Sandia Labs spawning entrepreneurs, survey shows

    Dennis Domrzalski
    24 Apr 2014 | 10:13 am
    Since 1994, Sandia National Laboratories researchers have left to start or expand 99 companies with technology from the lab, and Sandia said Thursday that those firms have had a big economic impact on the state. Thirty-three of those 99 companies created 379 jobs, and in 2012 they employed 1,550 people at an average annual salary of $80,000, SNL said in a news release regarding its recent survey of the companies. From 2008 through 2012, those 33 companies invested $40 million in equipment and $277…
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    Atlanta Business News - Local Atlanta News | Atlanta Business Chronicle

  • Gov. Deal signs bill targeting 'patent trolling'

    Dave Williams
    24 Apr 2014 | 2:53 pm
    A bill prohibiting the practice of “patent trolling” in Georgia didn’t attract much notice during this year’s General Assembly session. But the Georgia Chamber of Commerce drew attention to the legislation after Gov. Nathan Deal signed it Thursday, praising the governor for cracking down on unscrupulous individuals or companies who buy patents for the purpose of filing lawsuits rather than making or marketing a product. “The Georgia Chamber appreciates the General Assembly and Gov. Deal’s…
  • Atlanta banker Milton Jones sues bank he founded, CertusBank

    David Allison
    24 Apr 2014 | 12:52 pm
    Longtime Atlanta banker Milton Jones Jr. is suing CertusBank, the Greenville, S.C., bank that he founded four years ago. In a lawsuit filed April 23 in federal court in Greenville, Jones and two other founders of CertusBank, Walter Davis and Angela Webb, say they were "summarily fired" from their positions. CertusBank announced their firings on April 9. That came after a story in industry publication American Banker which reported that a group of the bank's investors were considering ousting the…
  • UGA researchers get $3.15M for chronic illness study

    Ellie Hensley
    24 Apr 2014 | 11:32 am
    A team of The University of Georgia researchers received a five-year, $3.15 million grant from the National Institute of Health’s National Heart, Lung and Blood Institute. The grant was awarded to a research group in the College of Public Health that focuses on helping people better manage chronic illnesses in the workplace. The UGA research team plans to translate Stanford University’s Chronic Disease Self-Management Program (CDSMP) to be used in a workplace setting. CDSMP, which is offered…
  • Amedisys fined $150 million for violating False Claims Act

    Phil W. Hudson
    24 Apr 2014 | 11:29 am
    Amedisys Inc. and its affiliates will pay $150 million to the federal government to resolve allegations they violated the False Claims Act by submitting false home health-care billings to the Medicare program. The Baton Rouge, La.-based home health provider and hospice care provider’s settlement resolves a lawsuit pending against Amedisys in the Northern District of Georgia’s federal court. The lawsuit was filed under the whistleblower provisions of the False Claims Act, which allow private…
  • Amazon introduces Prime Pantry program

    Ben Miller
    24 Apr 2014 | 10:33 am
    Amazon.com Inc. is introducing a new program called Prime Pantry that will allow its Prime customers to stock their pantries with bulk items. Amazon (Nasdaq: AMZN) said the pantry program will cost Prime customers $5.99 for each shipment of pantry products that can weigh up to 45 pounds. The company will keep track for customers when they're approaching the 45-pound limit. "Prime Pantry allows Prime members to shop a wider range of products, including heavy and bulky items, all in popular pack…
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    Austin Business News - Local Austin News | Austin Business Journal

  • Stormpulse changes its name, collects more investment capital

    Christopher Calnan
    24 Apr 2014 | 8:11 pm
    Stormpulse Inc., a weather intelligence company, reported raising $525,000 of a planned $1 million financing. The Austin-based company collected the capital from four investors, according to a Thursday filing with the U.S. Securities and Exchange Commission. Stormpulse, founded in Chicago in 2006, aggregates government data to provide weather information to customers for risk assessments. The company relocated to Austin last year and in then released the first version of its asset and risk assessment…
  • Bazaarvoice agreement with DOJ resolves federal antitrust ruling

    Christopher Calnan
    24 Apr 2014 | 8:06 pm
    Bazaarvoice Inc. said it had reached a settlement with the U.S. Department of Justice to resolve a 16-month antitrust case. The news comes two weeks after Austin-based Bazaarvoice disclosed an agreement to sell the assets of PowerReviews Inc. to Chicago-based Viewpoints LLC for an undisclosed amount. Bazaarvoice bought San Francisco-based PowerReviews in mid-2012 for $168 million, and the DOJ filed its antitrust lawsuit in January 2013. Last year, a federal judge ruled in favor of the DOJ and…
  • HomeAway posts lower Q1 profits despite rising revenue

    Christopher Calnan
    24 Apr 2014 | 3:05 pm
    HomeAway Inc. reported Thursday a first-quarter profit of $4.1 million, or 5 cents per share, on revenue $105.7 million compared with a profit of $5.2 million, or 6 cents per share, on revenue of $79.4 million during the same period last year, according to a filing with the U.S. Securities and Exchange Commission. Austin-based HomeAway (Nasdaq: AWAY), founded in early 2005, operates websites listing vacation home rentals. It employs about 1,542 workers, including 612 outside the United States. The…
  • Umbel hires tech veteran as COO

    Christopher Calnan
    24 Apr 2014 | 2:40 pm
    Software developer Umbel Corp. has hired tech veteran Mellie Price as its chief operating officer. Austin-based Umbel announced the appointment on Thursday. Price is the company’s first COO. She was previously CEO of Front Gate Solutions Inc. and Front Gate Tickets, which was acquired in a joint venture by AEG and C3 Presents Inc. in 2012. Before that, Price was the CEO of Monsterbit Media Inc., an Austin-based Web development and hosting company that was bought by Human Code Inc., which was…
  • Austin's next budget may yield lower rate but higher average tax bill

    Robert Grattan
    24 Apr 2014 | 12:59 pm
    Austin's early budget planning adds only a few new city services and employees and cuts the property tax rate, though rising home values will mean a larger tax bill for the average homeowner. Under the planned new rate, the typical homeowner will pay $28 more in city property taxes. Austinites can also expect to pay $11 per month more for utilities such as water, electricity and trash collection, according to a report by the Austin American-Statesman. The budget allows for raises for city employees…
 
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    Baltimore Business News - Local Baltimore News | Baltimore Business Journal

  • Under Armour is on pace to top $100M in European sales as international revenue grows 79%

    Sarah Meehan
    24 Apr 2014 | 11:52 am
    Under Armour Inc.’s international business is still small compared with its domestic sales, but the company continues to lean on sales outside the United States as a key driver for future growth. Under Armour’s international revenue, which only accounts for 9 percent of its business, grew 79 percent year-over-year for the first quarter. Overall the company posted revenue of $642 million for the first quarter, up from $472 million in  last year’s first quarter. “The strength this quarter…
  • Baltimore startup OpiaTalk landed Skype as a client through a well-placed LinkedIn message

    Sarah Gantz
    24 Apr 2014 | 11:39 am
    Crafting perfect pitches to woo investors and potential customers can be an exhausting and frustrating process for entrepreneurs. Tom Popomaronis sent out some LinkedIn messages and wound up with Skype as the first client for his startup OpiaTalk just months after launching. OpiaTalk embeds a widget on retailers’ websites that helps them drive more visitors to finalize purchases by offering limited-time discounts. Through its deal with Skype, OpiaTalk will use its widget to drive more Skype users…
  • T. Rowe Price is sitting tight on 72 acres of land it owns near Tampa, Fla.

    Joanna Sullivan
    24 Apr 2014 | 10:09 am
    T. Rowe Price Group Inc.’s  purchase of a big swath of property near Tampa, Fla., in 2009 raised lots of speculation about the Baltimore company’s growth plans there. It also worried some Baltimoreans who feared one of its biggest companies could move south one day. Those fears should be eased after Thursday's annual meeting when both T. Rowe’s Florida presence and its decision to  sign a downtown Baltimore lease through 2027 came up for discussion. T. Rowe bought 72 acres in suburban…
  • Four Seasons Baltimore condo addition will extend building 6-8 stories

    Kevin Litten
    24 Apr 2014 | 8:53 am
    Harbor East Management Group could add as many as eight stories and 83 condominiums to the Four Seasons Baltimore tower as the company tests the city’s tepid condominium market for potential buyers. Development plans are in flux, Harbor East Development Director Jason Huss said, and the tower also could expand by as few as six stories and 63 units. The company plans to build three model units on the building’s 19th floor in the coming months.  If the building becomes 30 stories, the addition…
  • Under Armour profit soars in first quarter, but stock price plunges

    Sarah Meehan
    24 Apr 2014 | 8:01 am
    Under Armour Inc. grew its first-quarter profit 73 percent, but shares tanked in Thursday trading. Shares closed Thursday at $50.42, down more than 7 percent, after investors expressed concern the company's growth would slow compared with last year.  Under Armour posted a profit of $14 million — or 6 cents per share — beating analysts estimates by 2 cents per share. That was up from $8 million, or 4 cents per share, in the first quarter of 2013. For the 16th straight quarter Under Armour…
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    Birmingham Business News - Local Birmingham News | Birmingham Business Journal

  • Alagasco to repurpose depot materials for Rickwood Field project

    Bryan Davis
    24 Apr 2014 | 3:08 pm
    Portions of the downtown Birmingham train depot will find a new life at one of Birmingham's most history-laden venues, thanks to what you might call a ninth-inning save. Alagasco said Thursday it will work with several entities to repurpose materials from the depot that sits on the site of its new metro operations center to build a new batting building for Rickwood Field. According to Alagasco, “distinctive brick, support beams and trusses of the railway freight building and dock that were removed…
  • BBJ seeks Birmingham's top nonprofits, corporate citizens

    24 Apr 2014 | 12:57 pm
    Birmingham regularly ranks among the most philanthropic communities in the nation. That's a testament both to the tremendous nonprofit scene in the area and the businesses that support those critical organizations. To recognize both of those groups, the Birmingham Business Journal is seeking nominations for its 2014 Nonprofit Awards. These awards will honor nonprofit organization of all missions and sizes, and corporate citizens who make critical contributions to our community via both time, initiatives…
  • Developers still investing big bucks in malls

    Bryan Davis
    24 Apr 2014 | 12:57 pm
    Internet-based retail stores have been gaining on traditional brick and mortar retailers one click at a time in the past decade. Physical stores not only have survived the growth of e-commerce, but these stores made it through the greatest economic downturn since the Great Depression, albeit not unscathed. Sales did plummet for many retailers, and big companies like JC Penny's and Best Buy are still struggling, but for the most part retail has rebounded in Birmingham. As our centerpiece in Friday's…
  • UPS seeks partial summary judgment over plane crash lawsuit

    Brent Godwin
    24 Apr 2014 | 12:29 pm
    United Parcel Service is seeking partial summary judgment for a lawsuit against the company following the Aug. 14. 2013 plane crash in Birmingham. The lawsuit is brought by Cornelius and Barbara Jean Benson and number of other property owners near the airport. The Bensons claim in part that they were caused mental anguish from the crash and seek damages for said anguish. "The Court should grant partial summary judgment in UPS’s favor, because there is no genuine issue as to any material…
  • Why Birmingham shouldn't build a new arena

    Art Carden
    24 Apr 2014 | 12:00 pm
    In the April 18 issue of the Birmingham Business Journal, Managing Editor Ty West claims that “the  Magic City needs a new arena to compete with its peers.” The consensus among economists who have studied stadiums and arenas, however, is that such facilities are not the economic engines their proponents claim. At first glance, it looks like a stadium or arena would be a great deal for the city of Birmingham because it would draw in visitors who would in turn spend money in our bars, restaurants,…
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    Boston Business News - Local Boston News | Boston Business Journal

  • Advocates lobby state lawmakers to replenish the brownfields fund

    Jon Chesto
    24 Apr 2014 | 8:54 pm
    A year ago, the state’s brownfields redevelopment fund ran dry, stalling or delaying roughly two-dozen projects across the state. But the bulldozers and backhoes are going to start moving again, now that lawmakers have approved $15 million for the fund. Advocates, led by the Massachusetts Smart Growth Alliance, aren’t going to stop there. They say that injection of cash in a supplemental budget that became law last month is nowhere near enough to address the pressing backlog. The group sent…
  • Mass. small businesses get extra year to comply with ObamaCare rating factors

    Jon Chesto
    24 Apr 2014 | 7:52 pm
    It’s not the victory that the Patrick administration and the local business community had sought. But at least it’s something, right? Gov. Deval Patrick says he was told today by the U.S. Health and Human Services Secretary Kathleen Sebelius that the state has been given an extra year to comply with the rules for “rating factors” under ObamaCare. The state’s health insurers may now continue to use their rating factors — such as breaks tied to a low-risk industry — to help determine…
  • UMass Lowell gets $1 million in state funds for innovation center

    Mary Moore
    24 Apr 2014 | 7:32 pm
    University of Massachusetts Lowell will expand its existing medical device incubation space and also create a new innovation space in a building at 110 Canal St. in Lowell. The Patrick administration just committed $1 million to help renovate the building, bringing the total to $5 million in state money that UMass Lowell will have available to build out the space. Earlier this month, the Massachusetts Life Sciences Center awarded UMass Lowell $4 million to expand the university’s Massachusetts…
  • Dunkin' Donuts is testing ways to improve sandwich-making speeds

    Jon Chesto
    24 Apr 2014 | 7:06 pm
    The workers at Dunkin’ Donuts might be fast. But they’re just not assembling those egg sandwiches quickly enough for Nigel Travis. The CEO of parent company Dunkin’ Brands told analysts today that the Canton-based coffee shop chain is experimenting with a new sandwich station. The initiative is aimed at significantly boosting a typical Dunkin’ shop’s efficiency. Travis says the company has hired two unnamed universities to study the issue and look for ways to pick up the pace. He also…
  • Motorists beware: Pru tunnel work recommences Saturday night

    24 Apr 2014 | 2:23 pm
    For those of you who have to drive into Boston from the west this weekend, there's good news and there's bad news. First the bad news: The work on the Prudential Tunnel that has necessitated lane closures and long tie-ups for east-bound traffic is back, starting Saturday night. The good news is this is the last weekend of the repair work, and the Department of Transportation has proudly announced that restrictions won't be as severe as the three previous weekends periods of work (the last stretch…
 
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    Buffalo Business News - Local Buffalo News | Business First of Buffalo

  • YMCA eyes shut-down of Niagara Falls branch

    Tracey Drury
    24 Apr 2014 | 1:20 pm
    Eight years after merging into the YMCA Buffalo Niagara system, the Niagara Falls Family Branch will likely close by January, 2016. The YMCA Buffalo Niagara announced Thursday is will undertake a strategic study of the branch facility to determine and develop a financially sustainable model to better serve the community. Already, the agency in February stopped accepting new occupants into its 58-room residential wing but will allow the 39 current residents to remain for the next 16 months. Agency…
  • HighPointe workers face charges by AG

    Tracey Drury
    24 Apr 2014 | 12:45 pm
    Kaleida Health nursing home employees at HighPointe on Michigan are facing felony charges of neglect following an investigation by the State Attorney General’s Office. Buffalo City Court representatives confirmed the individuals will be arraigned Friday at 2 p.m. before Judge Amy Martoche. The AG’s office declined to comment on the charges. A union representing workers at the nursing home said Kaleida told them that six employees were arrested for alleged document falsification related to…
  • First Niagara incorporating technology into strategic plan

    Allissa Kline
    24 Apr 2014 | 12:10 pm
    First Niagara Financial Group Inc. is in the early stages of developing a strategic investment plan that could cost as much as $250 million between now and 2018. President and CEO Gary Crosby told investors Thursday that the Buffalo company is on time and on budget with the plan, which was first announced by Crosby in January. The project calls for a complete overhaul of the company’s technology infrastructure. “While I want to emphasize that our strategic investment plan is not driven by technology,…
  • Building a natural gas plant a family affair for Dorn

    David Bertola
    24 Apr 2014 | 12:05 pm
    Former Greater Buffalo Savings Bank President Andrew Dorn still lives in Western New York, and has no plans to leave. “I’ve never left, and I’ll always live here,” he said. While that may be so his attention — at least in the near term — is elsewhere, as he’s raising $615 million to build a natural gas combined-cycle power plant in West Virginia, the heart of coal country. Dorn earned enough on the sales of Jamestown Savings Bank and Buffalo Savings Bank to never work again. But…
  • Iskalo lands tenants for two Amherst properties

    James Fink
    24 Apr 2014 | 12:03 pm
    A pair of vacant Amherst buildings have landed new tenants. Iskalo Development Corp., owners of both buildings, secured the tenants — one of which is Italian-themed restaurant. Opening in the former Red Door Ski Shop building at 6011 Main St. is Cugino’s, an Italian eatery owned and operated by restaurateur Frank Cirikovic. The restaurant is Cirikovic’s first in the Buffalo Niagara region after operating several in Connecticut. Cugino’s has indoor seating for 60, plus a seasonal outdoor…
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    Charlotte Business News - Local Charlotte News | Charlotte Business Journal

  • Belk CEO's pay falls 39% to $4.1M

    Jennifer Thomas
    24 Apr 2014 | 2:00 pm
    Belk Inc. Chief Executive Tim Belk saw his compensation drop 39 percent to $4.1 for the fiscal year ended Feb. 1 from $6.8 million a year earlier, according to a U.S. Securities and Exchange Commission filing by the retailer on Thursday. He earned a base salary of nearly $1.1 million, stock awards of $2.8 million and $222,255 in other compensation for the year. But total compensation fell as the Charlotte-based retailer failed to meet performance goals. Belk paid no annual incentives. Long-term…
  • Racism, gag orders and conspiracy? It's all part of the CertusBank lawsuit

    Adam O'Daniel
    24 Apr 2014 | 1:21 pm
    Race. Gag orders. Conspiracy. Just a few of the allegations in the latest chapter of the CertusBank saga. This week, the three fired bank founders finally went on the record, via court filings, about the scandal that has stained their careers. They contend in a civil suit that they were fired after 3-Sigma Financial Opportunities Fund hedge fund manager Benjamin Weinger spread “lies and half-truths” about them in order to convince a majority of the bank’s board of directors to push them out. When…
  • New tenants sign leases at The Park-Huntersville

    Will Boye
    24 Apr 2014 | 11:46 am
    Several new tenants have signed leases at The Park-Huntersville, a business development off Gilead Road, near Interstate 77. Momentive Performance Materials Inc., a manufacturer of silicones and products derived from quartz and specialty ceramics, recently leased 8,674 square feet at the park, auditing firm Connolly has leased 5,154 square feet, and Willingdon Wealth Management moved into approximately 4,000 square feet last month. Bank of America Corp., as trustee for the Bank of America Pension…
  • No prison time, fines for former Bank of America exec in bond-rigging probe

    Jen Wilson
    24 Apr 2014 | 11:43 am
    A former executive for Bank of America Corp. (NYSE:BAC) will receive no prison time, fines or other punishment after cooperating as a witness in a federal bond-rigging investigation,  Reuters reported this week. Douglas Campbell, who worked as a senior vice president for BofA in New York, pleaded guilty in 2010 to three counts of conspiracy to restrain trade, conspiracy and wire fraud, according to the news service. The probe eventually led to multiple convictions and settlements totaling $743…
  • Longtime WFAE President Roger Sarow to retire

    David Harris
    24 Apr 2014 | 11:25 am
    Roger Sarow, the top executive at Charlotte public radio station WFAE-FM for the past 26 years, will retire next year. The station announced the move today, saying Sarow will step down as WFAE’s president and general manager in early 2015. “All good assignments must eventually come to an end,” he said. “WFAE provided me with the creative opportunity of a lifetime. My entire career desire has been to work in public broadcasting. I’ve been fortunate to spend every working day in that field.” He…
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    Cincinnati Business News - Local Cincinnati News | Business Courier of Cincinnati

  • Cincinnati health care firm names COO

    Barrett J. Brunsman
    24 Apr 2014 | 12:46 pm
    Kevin Schwarz has been promoted to chief operating officer of CTI Clinical Trial and Consulting Services, which helps companies develop drugs and medical devices to obtain regulatory approval. Schwarz will direct management oversight of global clinical trial operations for CTI, which is based in Blue Ash. He had served as senior vice president for clinical operations since joining CTI in 2003. “Kevin has led the expansion of CTI’s clinical operations to its current global state, and (he) has…
  • FCC and net neutrality: The war for your screen starts now

    Andy Brownfield
    24 Apr 2014 | 12:03 pm
    The Federal Communications Commission is expected to propose new rules in May that could allow content providers like Disney, Netflix and Amazon to pay Internet service providers (ISPs) more to put their content in the fast lane. Net neutrality is the idea that all content should be treated equal and ISPs shouldn’t be able to slow down competitors’ content and speed up their own content or that of their partners – all lawful Internet content must be treated the same. However, the courts struck…
  • City says it can move ahead on bikeway alternative without council vote

    Chris Wetterich
    24 Apr 2014 | 11:56 am
    Cincinnati’s top transportation official said the city can implement changes he proposed to the Central Parkway bikeway without a City Council vote, but the plan remained in flux on Thursday. Speaking to council’s transportation committee, Michael Moore, the director of transportation and engineering, said unless there is council action between now and May 1, he plans to implement a revised version of the bikeway. Tweaks are often made to plans after council approves them, and this one is minor…
  • Lindners get a big pay raise thanks to American Financial’s profits

    Steve Watkins
    24 Apr 2014 | 11:20 am
    American Financial Group Inc.’s profits meant more profits for its co-CEOs last year. Carl Lindner III and Craig Lindner each received healthy 15 percent pay raises last year, according to documents filed with the Securities and Exchange Commission. They got a bump in pay to $9.7 million apiece last year, thanks to the downtown-based insurer’s strong performance. Each made $8.4 million last year. Their performance-based bonus payments caused the increase. The board boosted each Lindner’s…
  • See how construction is transforming UC’s Nippert Stadium: SLIDESHOW

    Steve Watkins
    24 Apr 2014 | 11:13 am
    The University of Cincinnati is moving right along in its huge, $86 million renovation of Nippert Stadium. Turner Construction is still on track and on budget to finish the overhaul by August 2015, UC Athletic Director Mike Bohn told me on Thursday. The renovation of the 89-year-old football stadium nestled into UC’s campus will boost capacity from 35,097 to around 40,000. So far, workers have torn down the existing structure that housed the press box. To take a look at the progress, click on…
 
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    Columbus Business News - Local Columbus News | Business First of Columbus

  • Assurex Global brings private benefits exchange to middle-market employers

    Carrie Ghose
    24 Apr 2014 | 3:01 pm
    Middle-market employers and small businesses with as few as 50 employees are the target market for the private benefits exchange that Dublin-based Assurex Global  is rolling out nationwide, including in Ohio through member firm Oswald Cos. National HR firms and  coalitions of large self-funded employers have started offering online marketplaces as an alternative for employers trying to hold down benefits costs. These exchanges offer a range of medical and dental plans from which workers can choose,…
  • Bob Evans critic nominates new directors, calls board a ‘social club of country club cronies’

    Dan Eaton
    24 Apr 2014 | 12:00 pm
    Bob Evans Farms Inc.’s directors, under fire for months from an activist investor, are now facing challengers. Sandell Asset Management Corp., the New York-based firm that has been pushing for changes at Bob Evans, Thursday proposed replacing almost the entire board, nominating eight new directors plus one alternate for the 10-person board. The New Albany-based restaurant and food products company has not yet commented on this latest announcement from Sandell. Calling the board a “social club…
  • Crawford Hoying buys Dublin’s Scioto Corporate Center

    Brian R. Ball
    24 Apr 2014 | 11:58 am
    Crawford Hoying has purchased the Scioto Corporate Center in Dublin through a real estate investment affiliate. The brokerage and development firm’s Crawford Hoying Investments III LLC paid $1.42 million for the 57,242-square-foot property on 7.3 acres at 5500 Frantz Road. It financed the entire acquisition cost through private investment firm Jacks Investments LLC of Jupiter, Fla., according to public records. Crawford Hoying Principal Brent Crawford told me the center was 78 percent vacant. “We…
  • DecisionOne Corp. eliminating 23 jobs in Grove City

    Tom Knox
    24 Apr 2014 | 11:46 am
    The largest independent technology support company in North America has cut 23 jobs in Grove City. The cuts for DecisionOne Corp., at 3423 Southpark Place, began April 11 and will continue until June 13. The action is “a result of the continued loss of the Dell warranty repair and logistics business,” the Devon, Pa.-based company said in a filing to the Ohio Department of Job and Family Services. The Dell Inc. contract ends in June. Seven salaried workers and 16 hourly positions will be eliminated. The…
  • Banks luring customers with big cash in lieu of toasters

    Evan Weese
    24 Apr 2014 | 11:39 am
    The days of toaster giveaways may be long gone for banks, but new-customer incentives remain a staple of the trade. Central Ohio’s four largest institutions are playing the game, although now mailing advertisements that promise hundreds of dollars in cash rewards for becoming a customer. The concept is nothing new. Prior to  deregulation in 1980, banks were unable to compete on interest rates and so took to the kitchen to battle over household appliances. The flow of enticing rewards continued…
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    Dallas Business News - Local Dallas News | Dallas Business Journal

  • Loan growth on the rise in Texas, southern U.S.

    Korri Kezar
    24 Apr 2014 | 5:03 pm
    Nationally chartered community banks and federal savings associations in the country’s southern states saw their loan growth rates double between 2012 and 2013. The numbers, reported by the Office of the Comptroller of the Currency, show loan rates grew to 4 present in its southern district, which encompasses Alabama, Arkansas, Louisiana, Mississippi, Oklahoma, Tennessee and Texas. Increases in loan volumes have been especially high in large cities in Texas and Oklahoma, the OCC reported, where…
  • Verizon loses wireless phone customers, gains tablet users, posts $4B profit

    Bill Hethcock
    24 Apr 2014 | 4:59 pm
    Verizon Communications Inc. reported its fifth consecutive quarter of double-digit percentage growth in operating income, but lost cell phone subscribers, according to an earnings report released by the country's largest wireless carrier on Thursday. Verizon (NYSE: VZ) said it lost about 138,000 net postpaid phone customers in the first quarter, but more than offset that loss by adding 634,000 tablet users. The telecom titan’s profit more than doubled to $3.95 billion in the first quarter, and…
  • AirStrip to provide its medical technology to Texas Health Resources

    W. Scott Bailey
    24 Apr 2014 | 1:43 pm
    AirStrip has entered into an agreement with Texas Health Resources to deploy its AirStrip ONE medical data delivery technology throughout the Arlington-based health care system, which operates 25 acute-care and short-stay hospitals. San Antonio-based AirStrip’s technology platform gives clinicians access to medical data from multiple vendors, allowing them to share patient information through mobile devices. AirStrip’s technology will support several key Texas Health initiatives, including: Managing…
  • How Ilumi almost lost a $350K investment from Mark Cuban

    Danielle Abril
    24 Apr 2014 | 10:53 am
    Two Dallas entrepreneurs almost inadvertently lost a $350,000 investment in their statup Ilumi from serial entrepreneur and Dallas Mavericks’ owner Mark Cuban during a recently aired episode of ABC's "Shark Tank." Ilumi co-founders Corey Egan and Swapnil Bora, graduates of the University of Texas at Dallas, presented their smart light bulbs and corresponding mobile application to the investors on the show. After explaining how the Bluetooth connected light bulbs are able to display an array of…
  • Q1 profits take off to record levels for American, Southwest Airlines

    Korri Kezar
    24 Apr 2014 | 10:30 am
    The two major airlines that call Dallas-Fort Worth home announced record-breaking profits for first quarter 2014 on Thursday, overcoming bad weather and labor issues in the process. Fort Worth-based American Airlines (NASDAQ: AAL) reported a net profit of $480 million for the quarter, reflecting a $777 million increase over first quarter 2013’s net loss of $297 million when American Airlines was owned by AMR Corp. and US Airways was a separate company. Excluding net special credits, earnings for…
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    Dayton Business News - Local Dayton News | Dayton Business Journal

  • Top 25 Best Places to Work in Dayton (With ranking order)

    Caleb Stephens
    24 Apr 2014 | 6:05 pm
    Roughly 350 people showed up at the Schuster Center in downtown Dayton on Thursday evening to celebrate the DBJ’s Best Places to Work. The ranking of the top 25 Best Places to Work in Dayton was revealed at the event. Click on the photo on the right to see a countdown of the Best Places to Work in Dayton. The Best Places to Work awards program recognizes employee engagement and satisfaction at local workplaces. 
  • The lesson I did not expect at Standard Register’s annual meeting

    Joe Cogliano
    24 Apr 2014 | 12:45 pm
    One of the last things I expected at the annual meeting of a public company was a lecture about the dangers of texting while driving. However, that’s what I got from Standard Register President and CEO Joe Morgan Jr. at the company’s Dayton headquarters on Thursday. Related: Click here for more from Standard Register's annual meeting. Morgan told me, and the rest of the audience, that employee safety — at home as much as work — has been a real push for the company. He touted that as much…
  • Dayton-area product part of key NASA test

    Joe Cogliano
    24 Apr 2014 | 12:40 pm
    From the cool manufacturing news file: NASA picked a locally-made robot for an important test. Miamisburg-based Yaskawa Motoman Robotics says the space agency recently chose a Motoman SIA50 seven-axis robot to demonstrate a key capability needed for ongoing maintenance of orbiting satellites. NASA’s Satellite Servicing Office — which develops new technologies in that area — used the Motoman robot in a February test that simulated how future robots in space could transfer oxidizer to satellites.…
  • Dayton Pizza Madness: Day 4 contests coming down to the wire

    Olivia Barrow
    24 Apr 2014 | 11:20 am
    The final day of Round 1 of Dayton Pizza Madness has three close races, as the restaurants engage their followers to support them. Four local favorites will be eliminated from the competition today, joining all of the national chains, which fell in the first three days of voting. Cassano’s is flexing its muscles against Marco’s, building up a lead of 76 percent of the 113 votes. Two newcomers to the poll are neck and neck as they motivate their social media fans — Beavercreek Pizza Dive…
  • Standard Register CEO: Company on the right track

    Joe Cogliano
    24 Apr 2014 | 11:17 am
    Standard Register Co. is making great progress with integrating WorkflowOne and its pipeline of healthcare work is growing rapidly, but the next three to four quarters will be an intense time for the company. “We have to execute” said President and CEO Joe Morgan Jr., to about 40 people at the company’s annual meeting Thursday in Dayton. Morgan also told the audience — which was sparse compared to other annual meetings — that Standard Register will continue to invest aggressively within…
 
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    Denver Business News - Local Denver News | Denver Business Journal

  • Colorado’s oil and gas industry is booming. Now, about those taxes?

    Cathy Proctor
    24 Apr 2014 | 5:23 pm
    A bill creating a study group to look at Colorado’s severance tax rate, structure and spending, died this week in the Legislature — but its spirit will live on as a panel convened by the Hickenlooper administration. Senate Bill 198, co-sponsored by Sen. Mary Hodge, D-Brighton, and Sen. Gail Schwartz, D- Snowmass, was postponed indefinitely Wednesday by the Senate Committee on Agriculture, Natural Resources and Energy. Schwartz chairs the committee. But the administration will take up the issues…
  • GOP gubernatorial candidates split on health exchange - but agree on most other issues

    Ed Sealover
    24 Apr 2014 | 5:16 pm
    Colorado’s Republican gubernatorial candidates — at least those willing to debate — all oppose cities’ fracking bans and favor the use of public-private partnerships for road projects, but they hold different opinions about what should be done with the state’s health-benefit exchange. Those are some of the business-related issues that came out of a debate that KUSA-9 News held Thursday between former U.S. Rep. Bob Beauprez, Secretary of State Scott Gessler and former state Senate minority…
  • Renewable fuels, such as ethanol, put billions into Colorado economy, report says

    24 Apr 2014 | 4:26 pm
    The renewable fuel industry puts billions of dollars into Colorado’s economy and supports thousands of jobs, according to a new study from The Fuels America coalition. Renewable fuels, including ethanol and biodiesel made from plants such as corn, grass or woody biomass and algae, account for nearly 10 percent of the fuel supply across the nation, according to the coalition of agribusiness groups and companies, which released the study Thursday. The coalition is battling efforts to repeal or…
  • Longtime Sears warehouse at Sixth and I-25 sold

    Dennis Huspeni
    24 Apr 2014 | 3:53 pm
    The longtime Sears distribution warehouse and Sears Outlet store at 6th Avenue and Interstate 25 has been sold to a Los Angeles-based real estate fund and Englewood developer for $16.25 million. Arc Capital Partners LLC partnered with Triumph Real Estate Corp. of Englewood to buy and improve the 361,971-square-foot industrial property, which sits on 17,69 acres, is at 701 Osage St., Denver. Triumph plans capital improvements to re-purpose the property as a multi-tenant retail and industrial park,…
  • Denver airplane service firm Ross Aviation snapped up by Houston company

    Cathy Proctor
    24 Apr 2014 | 3:51 pm
    Denver’s Ross Aviation LLC, which operates fixed-base operations at 20 airports around the country, is being bought by Houston’s Landmark Aviation Inc., part of global asset manager The Carlyle Group. A fixed-base operator, or FOB, provides aeronautical services at airports, such as fueling, aircraft rental and aircraft maintenance. The acquisition is expected to close in the second half of 2014, the two companies said in an announcement Thursday. Terms of the deal were not disclosed. Ross’s…
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    Greensboro Business News - Local Greensboro News | The Business Journal of the Greater Triad Area

  • Hanesbrands' first quarter net income declines 19 percent, but company beats expectations

    Katie Arcieri
    24 Apr 2014 | 2:39 pm
    Winston-Salem-based apparel maker Hanesbrands Inc. said its net income during the first quarter was $41.6 million, down 19 percent from $51.4 million during that quarter a year ago. But the company's results, excluding acquisition costs related to its purchase of Maidenform last year, still beat analysts' expectations. Hanesbrands also raised its 2014 full-year financial guidance. The company (NYSE:HBI) said its first quarter net sales were $1.06 billion, up 12 percent from $945 million. Factors…
  • NewBridge Bank earnings down for quarter

    Matt Evans
    24 Apr 2014 | 2:31 pm
    NewBridge Bancorp earned $3.1 million in profits in the first quarter for its common shareholders, down from $4 million a year earlier,  according to its earnings report. The Greensboro-based NewBridge (Nasdaq: NBBC) said the year-ago quarter got an unusual boost from an effective zero-percent tax rate while this year's quarterly income will be taxed at a more normal 36 percent. The first quarter of 2013 also benefited from gains from securities sales. CEO Pressley Ridgill said just looking at…
  • Bank of the Carolinas cuts deal to buy out TARP shares

    Matt Evans
    24 Apr 2014 | 2:15 pm
    Bank of the Carolinas has negotiated a deal with the U.S. Treasury to buy out its outstanding TARP obligations. The Mocksville-based Bank of the Carolinas (OTC: BCAR) was one of the  hardest-hit Triad community banks in the recession and is among the last banks in the state yet to have exited the federal banking industry rescue program. It has been  deferring the dividends it owes on the $13.2 million worth of shares it sold to the government in 2009 since 2011. According to a  filing with…
  • Proehl on Forest Oaks members: "I understand their side"

    Owen Covington
    24 Apr 2014 | 11:29 am
    During a two-hour meeting last spring following  the announcement that ES2 Sports & Leisure would be taking over management of Forest Oaks Country Club, members weren't the only ones excited about the future of the club.  There was also an excited Ricky Proehl, the former NFL player who founded and owns the Proehlific Park sports complex on Jessup Grove Road in Greensboro.  Proehl had big plans for the country club, including using his connections as a coach for the Carolina Panthers to perhaps bring…
  • Families find home away from hospital at SECU Family House

    Owen Covington
    24 Apr 2014 | 11:07 am
    I'll admit, when I was driving to Winston-Salem the other day to visit the SECU Family House in Winston-Salem, I didn't know exactly what to expect.  Community Relations Coordinator Lisa Northrop had reached out to me, wanting to stop by the Triad Business Journal to talk about the role the nonprofit Family House plays. Given my unfamiliarity with their organization, operation and facility, I thought an in-person visit would offer a better look.  If you're familiar with the well-known Ronald…
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    Honolulu Business News - Local Honolulu News | Pacific Business News of Honolulu

  • Sopogy Inc. has debts of $1.2M as liquidation process begins

    Duane Shimogawa
    24 Apr 2014 | 8:00 pm
    Sopogy Inc., the solar energy company founded in Honolulu by Hawaii entrepreneur Darren Kimura more than a decade ago that was recently shut down, has debts of about $1.2 million, according to a letter to the company’s creditors obtained by Pacific Business News. Sopogy, which had been in the process of developing solar thermal collectors and other technologies for solar energy installations in various stages of development, testing and preparation for commercialization, has assets that include…
  • Honolulu rail agency forum to help Hawaii businesses bid on contracts for $5.16B project

    Bill Cresenzo
    24 Apr 2014 | 7:42 pm
    The Honolulu Authority for Rapid Transportation is holding a forum next month for local businesses who want to bid on contracts for the construction of the $5.16 billion project. HART's Industry Day is scheduled to be held on May 5, from 8 a.m. to noon, at the Honolulu Country Club. It's being sponsored by Move Oahu Forward, the Chamber of Commerce of Hawaii and the state Department of Transportation's Disadvantaged Business Enterprise Office. The event is for contractors, construction companies,…
  • Catholic Charities Hawaii opens Waipahu center, part of bigger plan to improve access statewide

    Jenna Blakely
    24 Apr 2014 | 7:02 pm
    Catholic Charities Hawaii has opened a new 1,048-square-foot counseling center in Waipahu in the Sonido-Alquero Building on Waipahu Depot Street to provide Leeward Oahu residents with greater access to its services. The new Waipahu Counseling Center is by appointment only. There, Leeward residents can meet with licensed therapists to address a range of issues from behavioral and mental health to relationship problems. “The new Counseling Center is just one small part of the innovative statewide…
  • Hawaii Food Manufacturers Association launches Taste Awards to honor sector's key players

    Jenna Blakely
    24 Apr 2014 | 5:42 pm
    The Hawaii Food Manufacturers Association, the  nonprofit association that represents food manufacturers statewide, has launched a new awards program co-sponsored by the Hawaii Department of Agriculture called Taste Awards that will become an annual recognition event for the state’s top food manufacturers. Bryon Goo, president of the association’s board of directors, wanted to create this awards program to honor an industry that he says has gone without much recognition yet represents an important…
  • Hawaii’s Teddy’s Bigger Burgers expanding to Texas

    Janis L. Magin
    24 Apr 2014 | 5:36 pm
    Hawaii-based Teddy’s Bigger Burgers is expanding on the Mainland with its first franchised restaurant in Texas. The first Texas store is under development in the Dallas-Forth Worth area under the first of two franchise agreements in Texas, Teddy’s Bigger Burgers said. The Honolulu-based company, which has eight 1950s-style restaurants in Hawaii, three on the Mainland and one in Japan, said it plans to award more franchised stores in Texas as part of its expansion plan. “We’re thrilled…
 
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    Houston Business News - Local Houston News | Houston Business Journal

  • Luxury retailer expands Uptown Park location

    Jenny Aldridge
    24 Apr 2014 | 2:38 pm
    A luxury retailer with roots in the Miss America Pageant will make a major expansion to its existing location in Uptown Park, as the high-end, European-inspired shopping complex moves forward with its $1 billion renovation. Elizabeth Anthony | Esther Wolf, a boutique that features designer clothes and accessories for women, will renovate and expand its existing shop, with completion slated by August. The store has taken over the 1,960-square-foot space that once housed David Brown Floral’s.…
  • IAH design plans unveiled: Terminal D to be replaced by new international terminal

    Molly Ryan
    24 Apr 2014 | 2:37 pm
    After listening to complaints for more than four years about the cramped environment of George Bush Intercontinental Airport’s Terminal D, an international terminal, the Houston Airport System is now moving forward with a new plan to demolish the more than 20-year-old terminal and build a new one in its place. HAS publicly introduced its plan for the new Terminal D, to be called the Mickey Leland International Terminal, in a Houston city council committee meeting on April 24. Click through…
  • Regions Bank to focus much of its wealth management growth in Houston

    Mark Yost
    24 Apr 2014 | 1:47 pm
    Regions Bank(NYSE: RF) has named Craig Kennington its area wealth executive for the bank's Private Wealth Management group in Texas. He'll be based in Dallas, but will be spending a lot of time in Houston. Despite being in Dallas, Kennington has big plans for Houston. "We would like to double or even triple our presence in the state in the near term," Kennington told the Houston Business Journal on just his tenth day on the job. "Much of that will be in Houston." Birmingham, Alabama-based Regions, …
  • Take a look inside the Galleria renovation

    Jenny Aldridge
    24 Apr 2014 | 1:04 pm
    It currently looks like a war zone — gutted, filled with debris and piles of dirt. But through the retail rubble that was once home to stores like Crate and Barrel and Ralph Lauren at the Galleria, a new, larger Saks Fifth Avenue will rise, upping the ante on luxury in the area. I took a tour of the site, sporting a hard hat and yellow vest. While there wasn’t much to see, there was a lot to imagine after talking with Galleria General Manager Greg Noble, and learning more details about the multimillion-dollar…
  • Houston’s a great place to live and work, as long as you’re not stuck in traffic, Kinder Institute finds

    Olivia Pulsinelli
    24 Apr 2014 | 12:19 pm
    Houstonians overwhelmingly believe the Bayou City is a good place to live, and they have a more positive outlook about the economy than in recent years. But they’re more concerned about the city’s traffic than before, and they disagree about how to fix it. Rice University’s 33rd annual Kinder Institute Houston Area Survey, released April 24, found that 29 percent of respondents say traffic — more than the economy or crime — is the city’s No. 1 problem. That’s up from 21 percent in…
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    Jacksonville Business News - Local Jacksonville News | Jacksonville Business Journal

  • Jaguars fans take anger to Twitter after NFL cracks joke about London move

    Ashley Gurbal Kritzer
    24 Apr 2014 | 3:53 pm
    Jacksonville Jaguars fans’ furor on social media over a slight from the NFL has grabbed the attention of the Washington Post. The National Football League took a shot at the Jags in a summary of Week 10 matchups, including the Jaguars versus the Dallas Cowboys, to be played in London. SBNation.com posted a screenshot of the original message, the last line of which said, “The London Jaguars does have an excellent ring to it.” The Week 10 summary has since been edited, and that line has been…
  • How family time helps one Jacksonville company combine work, fun

    Catherine Byerly
    24 Apr 2014 | 12:06 pm
    Happy  Take Our Daughters and Sons to Work Day! Today you might have a little one peering over your shoulder commenting on all the bobble-heads and sport knick-knacks on your desk, but Jacksonville-based Incepture hosted its program a day early. The day started with CEO Amy Ruth making pancakes for everyone which she said is “a chance to sit down as a family.” “When you see a grown man cutting pancakes for a little girl in a princess dress, you gain a whole new sense of him,” noted…
  • What Citizens Jacksonville expansion means to the commercial real estate market

    Ashley Gurbal Kritzer
    24 Apr 2014 | 12:00 pm
    The biggest office deal to circle Jacksonville in a long while will likely not mean much to the city’s commercial real estate market. Citizens Property Insurance is looking for 225,000 square feet of office space in Jacksonville, spokesman Michael Peltier said Thursday. That would consolidate four Citizens offices around the city, which total 211,000 square feet, and make room for the insurer’s statewide information technology department to come to town. Citizens is looking to move 18 IT jobs…
  • iStart Jax increases leadership team

    Colleen Michele Jones
    24 Apr 2014 | 11:47 am
    iStart Jax has expanded its board of advisors and executive leadership team to help the growing business accelerator launch programs and initiatives.  The Jacksonville-based nonprofit, which serves technology startups in Northeast Florida, announced earlier this week that it has added entrepreneurs, investors and consultants to facilitate the organization’s development and support new efforts such as E-Mindset, an entrepreneurship education for youth. Trey Bowles, the chair of Startup America…
  • Armada FC soccer team narrows search for temporary Jacksonville stadium to two sites

    Ashley Gurbal Kritzer
    24 Apr 2014 | 11:43 am
    The ownership of Jacksonville’s new minor league soccer team has narrowed its site search for a temporary stadium down to two options: The Baseball Grounds of Jacksonville or the University of North Florida. Mark Frisch, owner of Armada Football Club, said Thursday he hopes to have a decision in 45 to 60 days. The temporary stadium would be the team’s leased home for about three years, Frisch said, while its permanent stadium is built. The club is in the process of conducting a feasibility…
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    Kansas City Business News - Local Kansas City News | Kansas City Business Journal

  • Cerner posts solid earnings in first quarter

    Brianne Pfannenstiel
    24 Apr 2014 | 2:50 pm
    Cerner Corp. released its first-quarter earnings report Thursday, showing an 8.6 percent increase in net earnings. First-quarter net earnings were $119.5 million, up from $110 million in the first quarter of 2013. Diluted earnings per share were 34 cents compared with 31 cents last year. The company also posted an all-time high for first-quarter bookings with $910.2 million — an increase of 14 percent from the first quarter of 2013.  First-quarter revenue increased year to year by 15 percent,…
  • Tech Tidbits: FormZapper, DivvyHQ, Lyft, EyeVerify

    Bobby Burch
    24 Apr 2014 | 1:06 pm
    Welcome back to our weekly digest featuring snippets of Kansas City tech news. FormZapper’s seed round gains steam After being accepted into a St. Louis accelerator program that offered up $100,000 in funding, Kansas City-based FormZapper LLC’s latest investment round appears to be gaining momentum. Although declining to offer a specific figure, the company already has landed more than $250,000 in seed money and hopes to add more soon, FormZapper CEO Andy Kallenbach said. “It gives us nine…
  • KC Streetcar Authority selects Herzog Transit as system operator

    Austin Alonzo
    24 Apr 2014 | 12:53 pm
    Herzog Transit Services Inc. has the inside track to be the operator of Kansas City’s planned 2.2-mile downtown streetcar line, the Kansas City Streetcar Authority Inc. board announced during its Thursday meeting. St. Joseph-based Herzog Transit was selected by the Kansas City Streetcar Operations Committee as the preferred vendor for operating and maintaining the streetcar line, said David Johnson, a member of the authority. The nonprofit charged with handling the day-to-day operations of the…
  • Former Kansas City CEO pleads guilty to embezzlement

    Brianne Pfannenstiel
    24 Apr 2014 | 12:42 pm
    James Kilkenny, the former CFO and CEO of Waechtersbach USA Inc., pleaded guilty in federal court to embezzling as much as $338,221 from the company. Kansas City-based Waechtersbach USA is a distributor and vendor that buys German and Asian products and distributes them to U.S. retailers.  Kilkenny pleaded guilty to one count of wire fraud. In doing so, he admitted to participating in a nine-year scheme in which he overpaid his salary and used company money for personal expenses. He admitted…
  • EyeVerify's Rush: Heartbleed bug is a security reality check

    Bobby Burch
    24 Apr 2014 | 12:14 pm
    A pervasive and potentially disastrous Internet vulnerability is illuminating the weaknesses of conventional passwords, said Toby Rush, CEO of EyeVerify LLC. The “Heartbleed” bug allows web predators to exploit an encryption flaw to nab your username and password.  The bug resides in the previous version of the OpenSSL cryptographic library that’s used to secure a large portion of Internet traffic. Many major companies and social media sites were affected by Heartbleed, including Google…
 
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    Los Angeles Business News - Local Los Angeles News | Los Angeles Business from bizjournals

  • 'Job killer'? California might have a rude tax surprise for companies with monster CEO salaries

    Allen Young
    24 Apr 2014 | 4:27 pm
    California Democrats proposed a bill Thursday that would raise state taxes on publicly traded companies that pay their top-earning employee 100 times as much or more as the company's average worker. Despite a high-profile backing by former U.S. Secretary of Labor Robert Reich, who joined lawmakers in Sacramento on Thursday to promote the bill, passage will require support from both the governor and some Republicans to garner a supermajority. Gov. Jerry Brown has not taken a position on the bill,…
  • Pier pot? Santa Monica mulling medical marijuana dispensaries

    Scott Bridges
    24 Apr 2014 | 4:19 pm
    To toke or not to toke, that is the question. That’s the one facing the Santa Monica City Council, anyway. A proposed State Senate bill could open the door for regulating medical marijuana dispensaries within the coastal municipality, and city officials are deciding whether to join Los Angeles in allowing pot shops to operate,  according to the Santa Monica Mirror. State Senator Lou Correa is the author of SB 1262, which, if enacted into law, would allow for local control of medical marijuana…
  • Gov. Brown feels Hollywood's pain, but that doesn't mean he backs film and TV tax credits

    Annlee Ellingson
    24 Apr 2014 | 4:09 pm
    Gov. Jerry Brown may not be ready to throw his support behind Assembly Bill 1839, but his administration signaled on Thursday that it hears Hollywood’s concerns about runaway production. At an annual breakfast hosted by the California Film Commission, Kish Rajan, director of the Governor’s Office of Business & Economic Development, cited “difficult political considerations” preventing the governor from publicly backing the California Film and Television Job Retention and Promotion Act, which…
  • WonderCon 2014: Sony delivers ‘Evil’ panel

    Annlee Ellingson
    24 Apr 2014 | 4:06 pm
    In an eyebrow-raising move, Sony opted not to pump the May 2 release of “The Amazing Spider-Man 2” at WonderCon last weekend, devoting an hour-long panel instead to one title: horror flick “Deliver Us from Evil,” due in theaters on July 21. In the liveliest discussion all day, largely due to moderator Chris Hardwick’s easy rapport with the panelists and a backstage beer-chugging contest right before they came on, director Scott Derrickson, producer Jerry Bruckheimer and stars Eric Bana,…
  • Hot Beverly Hills property up for sale – again

    Scott Bridges
    24 Apr 2014 | 1:31 pm
    The key to understanding Los Angeles is location, location, location. Take Beverly Hills, for instance, where an 8-acre parcel next to the iconic Beverly Hilton on Merv Griffin Way is once again changing hands. The Los Angeles Times reported Thursday that the site of the 62-year-old building which most recently housed the Robinsons-May department store a decade ago is back on the market. The property at 9900 Wilshire Blvd., “one of the most desirable pieces of real estate in the country,” the…
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    Louisville Business News - Local Louisville News | Business First of Louisville

  • Taco Bell to test fast casual concept

    Caitlin Bowling
    24 Apr 2014 | 1:14 pm
    Taco Bell Corp. is planning to open a fast casual restaurant in Huntington Beach, Calif. this summer. Nation’s Restaurant News reported that the California-based company will test a new, more upscale concept called U.S. Taco Co. and Urban Taproom. The new restaurant is similar to sister company KFC’s KFC Eleven location on Bardstown Road in Louisville, which aims to attract people who would not typically patronize the fast food restaurants. It won’t offer delicacies such as the Doritos Locos…
  • InvestPennsylvania to hold its second equity conference

    Braden Lammers
    24 Apr 2014 | 1:08 pm
    An initiative launched in Louisville is bringing together investors and the senior management of public companies in Pennsylvania. InvestPennsylvania will hold its second equity conference in Pittsburgh on May 29 at the David L. Lawrence Convention Center. The conference is an opportunity to learn about what drives Pittsburgh’s public companies, according to a news release from InvestPennsylvania. The conference will feature CEOs and CFOs of public companies with regional and Wall Street fund…
  • Highlands intersection collapses due to massive water main break

    Ed Green
    24 Apr 2014 | 1:03 pm
    The intersection of Eastern Parkway and Baxter Avenue collapsed Thursday, following a massive water main break in the Highlands neighborhood. According to Louisville Water Co. Facebook and Twitter posts, workers were on the scene to isolate the water main break after complaints of low water pressure in the neighborhood. The extent of the damage was not immediately clear. The water company is asking that motorists avoid the intersection. WDRB-TV, Business First’s television partner, reported…
  • Great Balloon Race set to take flight for the 42nd time this year

    Braden Lammers
    24 Apr 2014 | 12:44 pm
    Four of the pilots who participated in the first Kentucky Derby Festival Inc. hot air balloon race in 1973 will return this year and float across the Louisville sky. They piloted half of the eight balloons in the first Great Balloon Race, which didn’t have the smoothest of liftoffs. The starting time was delayed and the starting point was relocated. One participant also became tangled in power lines during his descent. However, since the annual balloon race lifted off the ground for the first…
  • Three Louisville projects could add 155 jobs

    Ed Green
    24 Apr 2014 | 12:05 pm
    The Kentucky Economic Development Finance Authority met Thursday in Frankfort and approved preliminary incentives for three Louisville projects that could bring as many as 155 jobs to Louisville. The projects also would result in as much as $12 million in investments in Louisville, according to a news release from Greater Louisville Inc., the metro chamber of commerce. The following projects received preliminary approval for incentives. Against the Grain, a Louisville-based brewery that opened…
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    Memphis Business News - Local Memphis News | Memphis Business Journal

  • Regions announces dividend increase, share repurchase program

    Rob Robertson
    24 Apr 2014 | 2:36 pm
    Regions Financial Corp. (NYSE: RF) has declared a quarterly cash dividend of $0.05 per common share and authorized an equity repurchase program for up to $350 million for shares of the company’s common stock. Both actions were  previously announced in March, following the Federal Reserve's indication to Regions that it did not object to the company's capital plan and proposed capital actions as part of the 2014 Comprehensive Capital Analysis and Review process. The quarterly cash dividend of…
  • Here's a peek inside new Midtown restaurant Ecco

    Ryan Poe
    24 Apr 2014 | 2:27 pm
    When starting up a restaurant, the chances you'll be around in three years aren't great. But Sabine Bachmann, the owner of the Evergreen neighborhood's  newest restaurant, Ecco on Overton Park, knows how to run a successful business. She's already done it for 10 years in her Fratelli's restaurant at Memphis Botanic Garden. That's why she's not afraid of opening Ecco at 1585 Overton Park Avenue, a space that its previous occupant, Fresh Slices, said was too out-of-the-way to support a quality…
  • Financial Federal names Betts head of bank operations

    Rob Robertson
    24 Apr 2014 | 2:14 pm
    Financial Federal has announced Amy Betts has joined the Memphis-based community bank as its vice president of bank operations.  In this role, Betts will be responsible for managing all deposit and loan operations, as well as employee relations and other administrative support for the bank’s chief financial officer and information technology manager. Betts most recently worked at Provider Health Services, and has served in operations and management roles for Triumph Bank, BankTennessee, Renasant…
  • Oh, Canada: Shockey named honorary Consul in Memphis

    Rob Robertson
    24 Apr 2014 | 1:00 pm
    Canada has a friendly new face in the Mid-South, though it won't be new to most Memphians. Leigh Shockey has been appointed Honorary Consul of Canada in Memphis by the Canadian government, represented by the Consul General of Canada for the Southeastern United States, Stephen Brereton. Brereton made the announcement Thursday afternoon at the Downtown offices of the Greater Memphis Chamber, where Shockey is currently chairwoman. The new role provides another opportunity for Shockey— whose day…
  • Tribune Co. buys WREG properties for $3.2M

    Ryan Poe
    24 Apr 2014 | 12:40 pm
    Multimedia group Tribune Co. has paid more than $3.2 million for WREG's main office building in Downtown Memphis and a tower facility near Bartlett.  Tribune paid Local TV Holdings $2.8 million for the 44,301-square-foot WREG office at 803 Virginia Ave. and $404,600 for the 15-acre tower property at 2105 Charles Bryan Road. Tribune bought CBS affiliate WREG from Local TV Holdings as part of a  larger $2.7 billion deal in 2013. WREG representatives didn't immediately return a call seeking…
 
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    Milwaukee Business News - Local Milwaukee News | The Business Journal of Milwaukee

  • Assurant Health will choose ACA marketplace states in 'next few months'

    Rich Kirchen
    24 Apr 2014 | 2:14 pm
    Executives at the parent company of Milwaukee-based Assurant Health will decide over the next few months the states where Assurant will sell health insurance via the Affordable Care Act marketplace. Assurant Inc. (NYSE: AIZ), New York City, did not participate in the ACA marketplace during the first year of the program in 2014. Executives previously said they plan to enter the marketplace for the 2015 coverage year. “In advance of the next enrollment period that begins in November, we are considering…
  • New arena, cultural assets need break in Milwaukee vs. suburbs wedge

    Rich Kirchen
    24 Apr 2014 | 12:58 pm
    Jake Curtis grew up in Milwaukee County and has worked in the city, but as an Ozaukee County supervisor, Curtis supported a resolution opposing a regional tax to fund a new arena in downtown Milwaukee. Although Curtis now lives in Grafton and works in Mequon — both in Ozaukee County — he still uses Milwaukee’s so-called cultural assets, citing a recent family trip to the Milwaukee County Parks’ Mitchell Park Domes. “We appreciate our proximity to Milwaukee County,” he told me. “I’m…
  • Behind the deal: SFM buys Fontarôme Chemical

    Denise Lockwood
    24 Apr 2014 | 12:46 pm
    After retiring as vice president of contracts and compliance for Restat LLC, a wholly owned subsidiary of Milwaukee-based F. Dohmen Co., Patrick McComis left knowing he wanted something more. The Restat division had just been sold and McComis was looking for a new challenge. Because Restat was an independent benefits management company that helped reduce pharmaceutical costs, he had a strong understanding of the pharmaceutical industry and he noticed a paradigm shift in the industry: Large pharmaceutical…
  • Milwaukee County Board approves money to hire living wage law monitors

    Sean Ryan
    24 Apr 2014 | 12:38 pm
    Milwaukee County will hire three people in its comptroller’s office to ensure businesses comply with a living wage law, supervisors approved Thursday. The three employees will cost $78,374 to bring on board in August or September, including $4,901 to buy computer equipment and software. The three positions will cost $217,369 next year, according to a county report. Those three will watch companies doing business with the county to determine if they follow its living wage requirement. The board…
  • Grant application for Milwaukee Asian market expansion earns County Board OK

    Sean Ryan
    24 Apr 2014 | 12:35 pm
    The Milwaukee County Board on Thursday unanimously supported an application for a $250,000 state grant to help Milwaukee’s Asian Market Phongsavan develop a building for multiple vendors. The market operates at 6300 N. 76th St. on Milwaukee’s northwest side with a cafe, grocery and vendor stalls selling clothes, DVDs, toys, food and other items. The market plans a 70,582-square-foot neighboring building with 160 spaces that vendors can lease, and community amenities such as a basketball court.…
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    Minneapolis Business News - Local Minneapolis News | The Minneapolis / St Paul Business Journal

  • UnitedHealth-backed clinic startup opens first Twin Cities location

    Katharine Grayson
    24 Apr 2014 | 3:09 pm
    A startup chain of orthopedic-pain clinics backed by UnitedHealth Group Inc. has opened its first Twin Cities location. The company, Orthology, will treat patients suffering from conditions like low-back pain using a methodology developed by Josh Sandell, a Twin Cities chiropractor who cares for professional athletes such as Minnesota Vikings players Greg Jennings and Kyle Rudolph. Orthology opened its flagship 5,000-square-foot clinic in Eden Prairie late last month. It will add locations in St.…
  • Developers unveil name for old State Farm campus project in Woodbury

    Sam Black
    24 Apr 2014 | 1:28 pm
    The developers remaking the former State Farm office campus in Woodbury into a big mixed-use development will call it City Place. Elion Partners and Kraus Anderson are collaborating on the 100-acre mixed use development at the intersection of Interstate 94 and Radio Drive. “The name City Place articulates our original vision of bringing an urban development to this prime suburban location, providing complementary uses to the existing office building while preserving the places to work focus…
  • CEO unveils 'New Old Country Buffet' in Minnesota (Photos)

    Nick Halter
    24 Apr 2014 | 12:54 pm
    Gone are the dimly lit buffets, brass rail accents and big metal pans of fried chicken drying out under heat lamps. Old Country Buffet has renovated its 12 Twin Cites restaurants as its CEO tries to breathe life into the struggling restaurant chain that started here in 1983. Ovation Brands (the new name for what was Buffets Inc. until last October) spent $500,000 on each of the Twin Cities locations for remodeling, operational changes and TV commercial of CEO Anthony Wedo promising customers they'll…
  • Life Time Fitness pushes into L.A. Fitness territory

    John Vomhof Jr.
    24 Apr 2014 | 12:52 pm
    L.A. Fitness Inc. has been pushing in Life Time Fitness Inc.'s Minnesota backyard for the past six years. Now Life Time is making its first entrance into L.A. Fitness territory. Life Time Fitness Inc. this week is opening its first California health club. The company will hold a ribbon-cutting ceremony at the 128,000-square-foot store in Laguna Niguel on Thursday, then open the club to all members on Saturday. Irvine, Calif.-based L.A. Fitness operates more than 500 clubs nationwide, including…
  • Cub Foods is close to a deal for former Kmart site

    John Vomhof Jr.
    24 Apr 2014 | 12:21 pm
    Cub Foods is nearing a deal to anchor a former Kmart site in White Bear Lake, according to sources with knowledge of the deal who declined to be named to protect client relationships. The property is at the northwest quadrant of Interstate 694 and White Bear Avenue, adjacent to a Sam's Club store. The building is approximately 120,000 square feet, though it's not clear whether the building will be renovated or demolished. Kmart closed the store in 2012. Discount retailer Big Lots also occupied…
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    Nashville Business News - Local Nashville News | The Nashville Business Journal

  • Healthways losses widen despite revenue growth

    Eleanor Kennedy
    24 Apr 2014 | 2:45 pm
    Healthways Inc.’s (Nasdaq: HWAY) net loss widened in the first quarter of 2014 compared to the same time period last year. The company reported a net loss of $9.6 million, or 27 cents per share, on revenue of $176.8 million. Analysts, on average, had estimated earnings of 12 cents per share on revenue of $177.1 million, according to Thomson Reuters. The company noted a $9.4 million pre-tax charge related to the settlement of a contract dispute that, when excluded, adjusts the net loss to $2.6…
  • Davidson County unemployment falls in March

    Scott Harrison
    24 Apr 2014 | 2:40 pm
    Along with decreases throughout much of Tennessee, the unemployment rate in Davidson County fell slightly in March.  Davidson County’s jobless rate declined to 5.5 percent last month, down from 5.6 percent in February, the Tennessee Department of Labor and Workforce Development announced Thursday. Unemployment rates fell in 86 Tennessee counties in March, increased in four and were flat in five. Williamson County, which maintained the lowest unemployment in the state, saw its jobless rate…
  • SoundExchange CEO on Nashville, future of digital royalties

    E.J. Boyer
    24 Apr 2014 | 12:54 pm
    SoundExchange, the Washington, D.C.-based performance rights organization, was in Nashville this week to kick off its “Influencer Series” Tuesday night at the Bluebird Café. Scheduled to take place four times a year, the series sticks to the Bluebird’s classic in-the-round format and features artists spanning  generations in an effort to highlight the impact of legendary artists. “Music and the industry is really more a part of Nashville than any other city,” said SoundExchange CEO…
  • Survey: Business leaders bullish on their own prospects, yet cautious on economy

    Scott Harrison
    24 Apr 2014 | 12:47 pm
    Business executives are more bullish on their own business prospects than the U.S. economy at large, according to a recent survey of small and mid-market businesses by SunTrust Bank. Of companies with annual revenue between $10 million and $150 million, 73 percent were confident in the performance of their company. Meanwhile, 51 percent felt strongly about the U.S. economy. Looking six months ahead, 65 percent of those mid-market business leaders expect their organization to be in better shape…
  • NBJ's Best Places to Work on the must-have qualities for employees

    Alison Nash
    24 Apr 2014 | 11:44 am
    If you're lacking integrity, don't bother looking for a job at any of the Nashville Business Journal's 2014 Best Places to Work. This year's winners last week shared what they absolutely  won't tolerate in the workplace. This week, they tell our readers what quality must be honed to land a coveted position with their organizations. While some qualities, like integrity and professionalism, may seem obvious, other answers may surprise. Click on the slideshow at the right to see all the answers…
 
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    Orlando Business News - Local Orlando News | The Orlando Business Journal

  • Trading strip clubs for an arts scene: Casselberry's economy is growing up

    Abraham Aboraya
    24 Apr 2014 | 11:55 am
    Casselberry is growing up — and that could be good news for its economy. Seminole State College tentatively ismoving forward on its due diligence for establishing a presence in Casselberry. The site, owned by Walmart, is  zoned for a two-story, 30,000-square-foot school building, 10,000 to 15,000 square feet of commercial and retail space, and a 300-unit, four-story apartment complex. “Getting Seminole State there would a be a coup for the city,” said Casselberry City Manager Randy Newlon…
  • How the 2015 Super Bowl of tourism tradeshows will help Orlando

    Richard Bilbao
    24 Apr 2014 | 11:55 am
    Let's be real: Orlando would kill for the chance to host a Super Bowl. And heck, that may one day be a reality, thanks to the new Citrus Bowl under construction. But right now, that game tends to be played in NFL stadiums. But who needs a Super Bowl when Orlando can call it a win with the upcoming "Super Bowl-esque" tourism trade show like the 2015 IPW — also known as the International Pow Wow. This is a show for the travel marketplace held by the U.S. Travel Association, and a study by Rockport…
  • Beer, coffee and tech: 3 tenants Church Street Exchange may add

    Abraham Aboraya
    24 Apr 2014 | 11:39 am
    The Church Street Exchange’s renaissance from retail to high-tech just got a lot cooler. Tech companies need young millenials as employees, especially educated and creative ones. And if there are three things millenials love, it’s good coffee, good beer and the environment. Aaron Gray, a vice president at Jones Lang LaSalle Brokerage Inc., said during a technology tour April 24 that a venture-backed technology firm is in talks for parts of the third floor. What’s more, they are negotiating…
  • Amazon introduces Prime Pantry program

    Ben Miller
    24 Apr 2014 | 11:15 am
    Amazon.com Inc. is introducing a new program called Prime Pantry that will allow its Prime customers to stock their pantries with bulk items. Amazon (Nasdaq: AMZN) said the pantry program will cost Prime customers $5.99 for each shipment of pantry products that can weigh up to 45 pounds. The company will keep track for customers when they're approaching the 45-pound limit. "Prime Pantry allows Prime members to shop a wider range of products, including heavy and bulky items, all in popular pack…
  • 4 ways your startup business is like caring for a newborn

    Richard Bilbao
    24 Apr 2014 | 8:37 am
    So for the past three weeks I have been in parenting land, taking care of my brand new daughter. The days have been a mixture of little sleep, spit up-drenched shirts and countless amounts of diapers. Newsflash: Taking care of a baby (something so young it is not self-sustaining) is no joke. But back at the helm here in the newsroom — and getting business news back on the brain — I can see how taking care of a newborn is a lot like trying to get that startup business off the ground.  Seriously. If…
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    Philadelphia Business News - Local Philadelphia News | The Philadelphia Business Journal

  • What Vince Vaughn and Owen Wilson can teach us about work-life balance

    Julie Cohen
    24 Apr 2014 | 10:00 pm
    I just finished watching the movie, The Internship, which follows the escapades of two underachieving, fun-loving slackers on their quest to gain full-time employment at Google through its internship program. This goofy comedy pokes fun at Google’s all-encompassing culture, mocks stereotypes of multiple generations in the workplace (Millennials, Gen X), and highlights how technology has changed the world of work. Although it’s really just a silly vehicle for the two stars’ antics, there are…
  • Now you can play with shelter cats from your desk at work

    Lauren Hertzler
    24 Apr 2014 | 1:57 pm
    If you’re a cat lover but allergic, Pennsylvania SPCA has got something special for you. On Thursday, the Philadelphia-based PSPCA officially launched a tool that allows people to interact with shelter cats via their computer. Yes, you can now (finally) play with cats from your desk at work or in your "no pets allowed" apartment – with the click of a mouse. The technology – iPet Companion software – was developed by Idaho-based Reach-In. Reach-In creates products that allow people to virtually…
  • Contest winner bringing mental health screening to retail clinics

    John George
    24 Apr 2014 | 12:34 pm
    Mental health-care screenings may one day become as common at retail clinics as checking blood pressure. That's the hope of the Thomas Scattergood Behavioral Health Foundation. As part of its third annual design challenge, the organization asked people to create a way to make mental health-care education or access available at retail health clinics. The winning entry is a screening tool called Wellness at Your Fingertips submitted by the Philadelphia Department of Behavioral Health and Intellectual…
  • Does Philadelphia really need Wahlburgers?

    Francis Hilario
    24 Apr 2014 | 10:54 am
    For now, Philadelphians have only seen Wahlburgers on the A&E Network reality series. But the burger chain — owned by Chef Paul Wahlberg in partnership with celebrity brothers Mark and Donnie — is  coming to Philadelphia. But would the addition of the Hingham, Mass.-bred chain lead to Philadelphia losing some of its burger and — most importantly — food identity? “I think the city can absorb it,” said Cara Schneider, director of media relations at Visit Philadelphia. “Philly has…
  • Ocean Spray to open $110 million, 315,000 sq. foot facility in Lehigh Valley

    Natalie Kostelni
    24 Apr 2014 | 8:44 am
    A $110 million, 315,000-square-foot bottling factory constructed for Ocean Spray Cranberries Inc. has been completed. A ceremonial grand opening for the facility on 45 acres at 151 Boulder Drive in Upper Macungie, Pa., is scheduled for Tuesday. The Pennsylvania Department of Community and Economic Development gave the company $4.52 million in incentives through the Pennsylvania Industrial Development Authority to construct the building. The company closed a 500,000-square-foot factory in Bordentown…
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    Phoenix Business News - Local Phoenix News | The Business Journal of Phoenix

  • Arizona VA hospital under scrutiny after 40 die awaiting care

    24 Apr 2014 | 9:41 pm
    The Veterans Affairs Health Care system in Phoenix is under scrutiny after media investigations revealed as many as 40 veterans died while awaiting care after being assigned to a secret wait list used to control costs. CNN reported internal emails and inside sources that there is a secret wait list that is designed to avoid the VA's internal rules. Click here to read more.
  • Raytheon shares fall amid slowdown in federal spending

    24 Apr 2014 | 9:37 pm
    Raytheon Co. saw is stock prices drop more than 4 percent after it announced lower federal spending was affecting its financials. The Arizona Daily Star reported the company saw a higher income in the first quarter compared to last year, but excluding tax and pension items the income was actually lower. Raytheon Missile Systems is a large defense contractor and employer in Tucson. Click here to read more.
  • Stanton excited about possible DNC convention bid in Phoenix

    24 Apr 2014 | 9:31 pm
    Phoenix Mayor Greg Stanton is excited about the possibility of Phoenix hosting the Democratic National Convention. KTAR.com reported the mayor believes the city has the hotels and infrastructure to handle the political convention in 2016. The city was asked earlier this week to make a formal bid to host the convention. The Republic National Committee already has nixed Phoenix as a possible convention site. Click here to read more.
  • Housing prices rise across U.S., but sales are down

    24 Apr 2014 | 9:27 pm
    U.S. home sale prices are up, but the number of sales are slumping, particularly in the West and Arizona. Bloomberg reported the West's sale were at the lowest level in two years. Arizona has seen prices for homes level off as the number of homes for sale has risen and buyers have been reluctant to pull the trigger. Click here to read more.
  • FTC says Tesla sales should benefit consumers, not auto dealers

    24 Apr 2014 | 9:22 pm
    Three members of the U.S. Federal Trade Commission staff said state's looking to bar Tesla Motors from selling in their state should consider consumers' needs first, then auto dealers. Bloomberg reported The FTC directors said states such as Arizona, New Jersey and Texas, which ban direct sales of cars to consumers, should reconsider. Tesla tried to push a bill through the Legislature to allow for direct sales but failed in the most recent session. Click here to read more.
 
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    Pittsburgh Business News - Local Pittsburgh News | The Pittsburgh Business Times

  • West Penn Allegheny Health System's 2013 losses more than double

    Kris B. Mamula
    24 Apr 2014 | 3:03 pm
    Highmark’s West Penn Allegheny Health System had an operating loss of $386 million for the 12 months ending June 30, 2013, more than double the loss first reported in October, according to audited results released Thursday. The hospital network reported an operating loss of $153.1 million in October, but the loss rose to $386 million for goodwill impairment after the results were audited, Allegheny Health Network Interim CFO Elizabeth Allen said. The impairment was added to the balance sheet…
  • Revenue, net income drop at Federated during first quarter 2014

    Patty Tascarella
    24 Apr 2014 | 2:07 pm
    Federated Investors Inc., Pittsburgh-based investment managers, Thursday reported first quarter net income of $35.2 million, or 34 cents per share, down from $43 million, or 41 cents per share, during the comparable period in 2013. Revenue for the three months ended March 31 was $211.5 million, down 7 percent from $228 million during the first quarter of 2013. Federated (NYSE:FII) said this was due to an increase in voluntary fee waivers related to certain money market funds and to lower average…
  • CMU computer club discovers unknown Warhol work on 1985 floppy disk

    Justine Coyne
    24 Apr 2014 | 11:01 am
    A team of students from Carnegie Mellon University's Computer Club have helped to discover new, unknown work by pop artist Andy Warhol in an unexpected place--a 1985 Commodore Amiga floppy disk.  The 28 images depict some of Warhol's, best-known subjects, Campbell's soup cans, Botticelli's Venus, and a self-portrait, but were a challenge to recover.  The group had to rely on "forensic recomputing" to reverse engineer a way to access the images in the outdated and unfamiliar format. The works…
  • Westmoreland County Community College names new president

    Justine Coyne
    24 Apr 2014 | 10:45 am
    Westmoreland County Community College named Tuesday Stanley, vice chancellor of Metropolitan Community College in Kansas City, to serve as president of the college, effective July 1.  Stanley will succeed Daniel J. Obara, who is retiring after a five-year tenure as president.  Since 2006, Stanley has served as a vice chancellor at Metropolitan Community College, a comprehensive college with an annual enrollment of 18,000 to 21,000 credit students and several thousand noncredit students, according…
  • PPG shifts paint strategy, works with Home Depot to target pros

    Justine Coyne
    24 Apr 2014 | 10:43 am
    With the company's $1.05 billion acquisition of Akzo Nobel NV last April, PPG Industries Inc. expanded its architectural coatings portfolio, adding brand names like Glidden, Flood, Sico and Liquid Nails. Now, the Pittsburgh-based company is looking at how to leverage this portfolio and better position itself in the professional consumer market.  One of the biggest changes is the renaming of the more than 600 company-owned paint stores in the U.S. Operating under the PPG Pittsburgh Paints, PPG…
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    Portland Business News - Local Portland News | The Portland Business Journal

  • Mobile, microscopes, IT and headphones the big winners at the 2014 tech awards

    Malia Spencer
    24 Apr 2014 | 9:00 pm
    Technology leaders from the region gathered Thursday evening for the annual Oregon Technology Awards handed out by the Technology Association of Oregon. This year, 15 companies vied for awards in different categories. Click through the slides to see the winning companies in four of the categories. This year, Intel Corp. Chairman Andy Bryant was given the Lifetime Achievement Award and Michael Burger of Cascade Microtech was given the Technology Executive of the year award. “The pool of applicants…
  • Portland casting director raising funds to finance Oregon-made films

    Erik Siemers
    24 Apr 2014 | 2:58 pm
    Lana Veenker has played a role in some of the biggest film and TV productions to work their way through Oregon. As president of Portland-based  Cast Iron Studios, Veenker served as casting director to NBC’s “Grimm” and TNT Network’s “Leverage,” as well as feature films including “Twilight” and “The Road.” More recently she’s working on the film version of the Cheryl Strayed book, “Wild,” that recently wrapped up filming around Oregon and starring Reese Witherspoon, and…
  • Scenes from the 2014 Women of Influence Awards (Photos)

    Mason Walker
    24 Apr 2014 | 2:57 pm
    My, what a celebration. For the 12th year, the Business Journal was fortunate to formally usher in a new class of ambitious and civically minded women. Click through the gallery for scenes from the 2014 Women of Influence Awards This year's Women of Influence Awards, also known as the Orchid Awards, drew around 600 people for lunch at Portland's downtown Hilton Ballroom. While 21 women were noted for their professional achievements, four additional women received special honors, taking…
  • How the stock market helped UO break a $600M record

    Matthew Kish
    24 Apr 2014 | 2:28 pm
    The University of Oregon's endowment has hit a record $600 million. The endowment is managed by the University of Oregon Foundation, a nonprofit that manages gifts to the university and oversees $920 million in assets. “A healthy, growing endowment means that our students, faculty and staff will continue to receive stable financial support for generations to come,” said Chair Jon Anderson, in a news release. “The Foundation and its investment team have done a tremendous job of stewarding…
  • Portland's GlobeSherpa lands another $790K, but stays mum on its plans

    Malia Spencer
    24 Apr 2014 | 2:23 pm
    Mobile ticketing and payments startup GlobeSherpa has quietly raised $790,000, according to filings with the Securities and Exchange Commission.  The documents show the company could raise as much as $1 million. The company declined to comment on the fundraising activity. Last year, GlobeSherpa raised $1.3 million in a round led by the Oregon Angel Fund. The company has rolled out its transit ticketing service since its launch last fall with Portland’s TriMet. So far, 1 million TriMet mobile…
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    Raleigh Business News - Local Raleigh News | The Triangle Business Journal

  • Raleigh's Salix moves to expand sales of pain drug in Europe

    Jason deBruyn
    24 Apr 2014 | 2:00 pm
    Raleigh’s Salix Pharmaceuticals has filed an application with its partner to expand the market for Relistor in Europe. The drug, which Salix (Nasdaq: SLXP) owns in a partnership with Progenics Pharmaceuticals Inc. (Nasdaq: PGNX), would treat opioid-induced constipation (OIC) in adult patients with chronic non-cancer pain. If approved, this will add to the current marketing authorization in the European Union (EU), which allows for the use of Relistor in advanced illness patients. Sales for Relistor…
  • Rep. Price: The export trade playing field won't be leveled

    Dawn Kurry
    24 Apr 2014 | 1:14 pm
    How North Carolina’s manufacturers can make globalization work for them was the topic of the trade forum at the N.C. Biotechnology Center in Research Triangle Park Thursday morning, but Rep. David Price (D-N.C. 4th Dist.), says the playing field may never be leveled. Pointing to the hard economic shift the state has had to make after considerable off-shoring of manufacturing which resulted in the loss of jobs, Price says the sentiment across the state is one of scapegoating. “It’s a mixed…
  • Student-run restaurant preparing future wave of tastemakers

    Lauren K. Ohnesorge
    24 Apr 2014 | 1:13 pm
    Looking for a unique dining experience in the heart of Durham? The adventurous might want to give The District a try. The restaurant, which specializes in handcrafted culinary creations, just snagged a new chef - Leslie Eckert, fresh off a plane from Florida. But there’s a catch: The hands making your lunch are students. The District, at 410 Blackwell St., is the student-run restaurant of the Art Institute of Raleigh-Durham. And Eckert isn’t just leading the restaurant - she’s been tapped…
  • Uber, Lyft enter competitive ride-share market in Raleigh

    Lauren K. Ohnesorge
    24 Apr 2014 | 12:23 pm
    The ride-sharing business is already getting competitive in Raleigh, as two California startups announced they were launching their services in Raleigh this week. Both Uber and Lyft are putting drivers on the road in the Triangle, the companies confirm. It’s not a surprise as, despite the lack of commentary from Lyft executives, they did confirm they had a scout in Research Triangle Park last week. Donning a pink mustache, a guy named Matt (who told me he couldn’t make any on-the-record comments),…
  • Roses Express to open second Raleigh location

    Jason deBruyn
    24 Apr 2014 | 11:47 am
    Roses Express will open a new location at 3924 Western Blvd. on May 1, with giveaways to the first 300 customers. It will be the eighth Roses location in the Triangle, though only the second in Raleigh, with the other location at South Hills mall off Buck Jones Road. That said, the Roses at University Mall in Chapel Hill, is closing at the end of June after spending more than 40 years in the space.  The new store will employ 40 workers, some of which came from the Chapel Hill location. In addition…
 
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    Sacramento Business News - Local Sacramento News | The Sacramento Business Journal

  • Sacramento hosts Nike tournament this weekend

    Sonya Sorich
    24 Apr 2014 | 2:54 pm
    Nike's Elite Youth Basketball League tournament will make its Sacramento debut this weekend, bringing hundreds of the nation’s top young athletes to the region. The event, held Friday through Sunday at Jackson Sports Academy in McClellan Business Park, also is expected to attract coaches from the National Collegiate Athletic Association and national media. Forty Nike-sponsored travel teams will play in the tournament, which is regarded as a prime opportunity for college coaches and recruiters…
  • Debate heating up over hospital charity care bill

    Kathy Robertson
    24 Apr 2014 | 2:43 pm
    Debate is already heating up over a bill that would regulate the amount of charity care nonprofit hospitals in California have to provide in exchange for tax-exempt status. Assembly Bill 1952 by Sacramento Assemblyman Richard Pan requires nonprofit hospitals to provide annual charity care amounting to 5 percent of the hospital’s net revenue. The bill aims to ensure taxpayer subsidies result in some minimum amount of community benefits — including charity care — for their communities, proponents…
  • Community Business Bank promotes exec to president; CEO stays the same

    Mark Anderson
    24 Apr 2014 | 2:27 pm
    Chad Meyer was promoted to president of Community Business Bank. Meyer, who had been senior executive vice president and chief administrative officer, was part of the founding management of the West Sacramento-based bank late in 2005. The promotion was announced by John DiMichele, former president of the bank. DiMichele remains the bank’s CEO. “We simply felt it was important to recognize Mr. Meyer's role in our organization,” DiMichele said in a news release. Community Business Bank (OTC:…
  • Velocity Signs orders pick up speed after Shark Tank appearance

    Mark Anderson
    24 Apr 2014 | 2:10 pm
    With a few minutes of national exposure on ABC’s show  Shark Tank earlier this month, Sacramento’s Velocity Signs has seen orders spike for its product. Velocity makes portable and rechargeable sign-waving machines. “The whole goal is to catch the eye of people driving by,” said founder and president Scott Adams. Since the show aired April 10, the company has had thousands of sales leads come in, he said. The 165-pound machines can be paired with mannequins or photos to look as if they…
  • FTC officials throw support behind Tesla's direct-sales model

    Jon Xavier
    24 Apr 2014 | 1:39 pm
    In an unusual move, three officials at the Federal Trade Commission have publicly come out against laws that ban automakers from selling cars directly to consumers. Those laws are the subject of an ongoing fight by Tesla Motors, which is trying to sell its Model S sedan through Apple Store-esque outlets over the objections of local dealer groups in multiple states. In a blog post on the FTC website,  the officials called such laws "bad policy," saying that they unfairly favor incumbent businesses…
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    St. Louis Business News - Local St. Louis News | The St. Louis Business Journal

  • Huttig’s quarterly loss doubles on charges

    Diana Barr
    24 Apr 2014 | 3:07 pm
    Huttig Building Products Inc., a distributor of millwork, building materials and wood products, saw its first-quarter loss double on charges related to discontinued operations. For the quarter ended March 31, Huttig reported a net loss of $4 million, compared with the $2 million loss it reported in last year’s quarter. Huttig reported first-quarter net sales of $135.3 million, up 8.7 percent from the first quarter of 2013. “Despite a challenging business environment as a result of the unusually…
  • Sigma-Aldrich sees profit rise in Q1

    Jacob Kirn
    24 Apr 2014 | 2:57 pm
    Sigma-Aldrich Corp. reported a profit of $126 million in the first quarter ended March 31, up 3 percent from the prior-year period. Sales in the first quarter were $689 million, up 2 percent from $675 million in the first quarter of 2013. The Research Chemicals division’s sales fell 1 percent from the prior-year quarter to $359 million. Company officials said the division was affected by bad weather in the U.S. that led to the closure of research labs by some Sigma-Aldrich customers. The Applied…
  • RGA sees Q1 profit decline on higher mortality claims rate

    Vince Brennan
    24 Apr 2014 | 2:55 pm
    Reinsurance Group of America Inc. (RGA) saw its net income drop 26 percent during the first quarter of 2014 compared with the same period the previous year. RGA reported net income of $136.4 million during the first quarter, down from $185.5 million during the first quarter of 2013.  Total revenue increased by 2.1 percent to $2.66 billion in the first quarter of 2014. According to RGA’s earnings statement, a “higher-than-expected” mortality claims rate in North America contributed to the…
  • Disability claim representative Allsup laying off workers

    Jacob Kirn
    24 Apr 2014 | 2:41 pm
    Belleville, Illinois-based Allsup is laying off 90 of its 600 employees, company officials said Thursday. Affected employees were offered a severance package including compensation, benefits and services, according to a statement from the company. “We have decided to reshape the Medicare services Allsup provides and will no longer be providing Medicare Secondary Payer Compliance services to our customers, which will have no impact on Allsup’s remaining business services,” the statement said. Allsup…
  • Boyce: Peabody considering closing more Australian mines

    Greta Weiderman
    24 Apr 2014 | 1:49 pm
    Peabody Energy is considering closing two high-cost metallurgical coal mines in Australia, its CEO Greg Boyce said Thursday during its first quarter conference call. High supply and low demand of metallurgical coal, which is used in steel making, is driving down the price and reducing profit margins. “At the end of the day, we have a view that our operations have to make money, and they have to be sustainable,” Boyce said. “So, actively under review, obviously with the change in the met environment…
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    San Antonio Business News - Local San Antonio News | The San Antonio Business Journal

  • Looking for a good deal on a distressed home? Don’t look at Texas

    Tricia Lynn Silva
    24 Apr 2014 | 2:30 pm
    In many parts of the country, potential buyers can still find a good price on a distressed home. It’s just hard to find those  deals in Texas, according to a recent study by Irvine, Calif.-based RealtyTrac. As of March 31, 2014, the median price of a home in the Lone Star State stood at $90,000. Buyers looking to save a little money can go the distressed-home route. Do that in Texas, however, and you’ll see only a modest discount of 8 percent off of the median price of a home, per the latest…
  • Southwest Research Institute president to step down in September

    W. Scott Bailey
    24 Apr 2014 | 1:52 pm
    J. Dan Bates, president of Southwest Research Institute (SwRI) President J. Dan Bates plans to retire from the San Antonio organization in September. SwRI’s board of directors says Adam Hamilton will become the next president, effective Sept. 26. Hamilton is currently president and CEO of Signature Science LLC, a subsidiary of Southwest Research Institute that is based in Austin. “It has been an honor and a privilege to lead this extraordinary organization,” says Bates, who has been with…
  • San Antonio has an opportunity to rise to the occasion, SAEDF executive says

    Tricia Lynn Silva
    24 Apr 2014 | 1:34 pm
    San Antonio has a “culture of business that is inviting and provides an environment for continued growth and prosperity,” says Mario Hernandez, president of the San Antonio Economic Development Foundation (SAEDF). One of the latest tools in the city’s economic-development chest is the Eagle Ford Shale — an oil-and-gas play in South Texas that is fueling new investments by leading oil services firms like Halliburton and Baker Hughes. Hernandez discussed with the Business Journal the Eagle…
  • FTC officials throw support behind Tesla's direct-sales model

    Jon Xavier
    24 Apr 2014 | 1:20 pm
    In an unusual move, three officials at the Federal Trade Commission have publicly come out against laws that ban automakers from selling cars directly to consumers. Those laws are the subject of an ongoing fight by Tesla Motors, which is trying to sell its Model S sedan through Apple Store-esque outlets over the objections of local dealer groups in multiple states. In a blog post on the FTC website,  the officials called such laws "bad policy," saying that they unfairly favor incumbent businesses…
  • Three ways San Antonio Spurs can gain redemption

    W. Scott Bailey
    24 Apr 2014 | 12:54 pm
    Put away the brooms, Spurs fans. There will be no sweep in round one of the 2014 NBA playoffs. There could be some house-cleaning, however, should the Dallas Mavericks knock out San Antonio, winner of 62 regular-season games and owner of the No. 1 playoff seed. We could see some player personnel changes. It took a mighty fourth-quarter comeback for the Spurs to escape Game 1 with a win at home. In Game 2, the Mavericks left no margin for error, grabbing a lopsided 113-92 road win at AT&T Center. Now…
 
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    San Francisco Business News - Local San Francisco News | The San Francisco Business Times

  • Pinterest builds search engine for 30 billion "Pins"

    Patrick Hoge
    24 Apr 2014 | 7:22 pm
    Users of Pinterest, the hugely funded digital pinboarding service, have collected 30 billion image-centered items - or “Pins” - since the service launched to the public four years ago. To help “Pinners” make use of all that data, the company Thursday night unveiled what it called new search technology designed to shepherd people - primarily on mobile phones - through countless photographs and other “objects.” “Guided Seasrch will help you discover things where you didn’t know to…
  • ValleyCare Health System explores merger with bigger system

    Chris Rauber
    24 Apr 2014 | 3:56 pm
    ValleyCare Health System, one of the last significant independents in the Bay Area, is seeking an affiliation with a larger partner, officials confirmed late Thursday. "We are exploring an affiliation with a number of potential partners," said spokeswoman Denise Bouillerce, adding that further details aren't immediately available. The nonprofit system, which boasts 242 beds and 300 on-staff physicians, serves a fairly well-to-do area in the outer East Bay, and could be an attractive merger candidate…
  • Sales of luxury homes in the Bay Area outpace the rest of the market

    Blanca Torres
    24 Apr 2014 | 2:59 pm
    The high-end real estate market in the Bay Area is as hot as ever. The volume of sales and prices for luxury homes are soaring throughout the Bay Area. Homes priced above $1 million shot up 30 percent in the East Bay during the month of March compared with the previous year, according to the MLS, a residential real estate data service. In Marin County, prices for luxury homes above $1.5 million jumped by 34 percent to a median of $2.654 million. The number of sales for homes of $1.5 million and…
  • Architects shine at AIA gala at SFJAZZ Center

    Ahavah Revis
    24 Apr 2014 | 2:59 pm
    Winners of the 2014 AIA San Francisco’s Design Awards were announced last night at the annual gala at the SFJAZZ Center with categories that include historic preservation, unbuilt design, energy and sustainability. WRNS Studio, Bohlin Cywinski Jackson, Siegel & Strain Architects, and VeeV Design snagged multiple awards at the ceremony, which was attended by an estimated 150 people. WRNS and PG&E were recognized for its design of Stevens Library at Sacred Heart Schools in Atherton, which…
  • Qumu moving focus back to Bay Area video business

    Patrick Hoge
    24 Apr 2014 | 2:58 pm
    In a dramatic sign of the rise of streaming video and how vulnerable companies can be to changing technology trends, Qumu Corp. (NASDAQ: QUMU) is shifting its focus back to the Bay Area and will divest itself of its shrinking disc publishing business so it can focus entirely on its growing corporate video content management software business. The Minneapolis company was previously called Rimage Corp., but presaging its announcement it changed its name and ticker symbol last year to Qumu, which was…
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    San Jose Business News - Local San Jose News | The Silicon Valley / San Jose Business Journal

  • Poll finds 73% would support new sales tax to fund transportation projects in Silicon Valley

    Lauren Hepler
    24 Apr 2014 | 6:05 pm
    After two years of steady employment gains and a return to astronomical startup valuations in Silicon Valley, a new poll suggests that area voters may be willing to shell out to combat one of the region's most notorious side effects of economic prosperity:  Gridlocked traffic. About 73 percent of 600 likely Santa Clara County voters support the idea of a 30-year, one-quarter-cent sales tax hike to fund transportation improvements to area roads and some public rail services, according to a new…
  • Food trucks: A new attempt to revitalize San Jose's St. James Park

    Lauren Hepler
    24 Apr 2014 | 2:57 pm
    If Ryan Sebastian's gamble pans out, downtown San Jose workers and residents may soon have a new lunch option that signifies much more than a twist on the city's recent foodie renaissance. The founder of local food truck event business Moveable Feast is in talks with the city of San Jose to establish a lunchtime food truck "pod" at downtown's beleaguered St. James Park as soon as this June. While Sebastian's company is best known for organizing food trucks at weekly markets or big annual events…
  • North San Jose's 'Renovation Row' lures manufacturer away from Sunnyvale

    Nathan Donato-Weinstein
    24 Apr 2014 | 2:30 pm
    Vander-Bend Manufacturing will move its operations and 450 employees to North San Jose after signing a long-term lease for more than 200,000 square feet in one of the larger deals this year.  Vander-Bend, a contract manufacturer that has long been based in Sunnvyale, has leased 2701 Orchard Parkway, a 207,000-square-foot, single-story building that owner LBA Realty bought in 2011 for about $14 million. The lease allows Vander-Bend, which is currently in four buildings totaling roughly 175,000 square…
  • Google, Apple, Intel, Adobe settle anti-poaching lawsuit

    Jon Xavier
    24 Apr 2014 | 2:25 pm
    The biggest tech firms in Silicon Valley just settled a class action suit brought against them by local workers who say they missed out on billions of dollars in lost wages after the companies allegedly agreed not to poach each other's workers to suppress pay.  According to the plaintiffs' law firm, Lieff Cabraser Heimann & Bernstein LLP, Google Inc., Apple Inc., Intel Corp. and Adobe Systems Inc. have agreed to settle with the roughly 60,000 workers who brought the suit.  If you want to know…
  • Bill proposes higher taxes on companies with high wage disparity

    Allen Young
    24 Apr 2014 | 2:14 pm
    California Democrats proposed a bill Thursday that would raise state taxes on publicly traded companies that pay their top-earning employee 100 times as much or more as the company's average worker. Despite a high-profile backing by former U.S. Secretary of Labor Robert Reich, who joined lawmakers in Sacramento on Thursday to promote the bill, passage will require support from both the governor and some Republicans to garner a supermajority. Gov. Jerry Brown has not taken a position on the bill,…
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    Seattle Business News - Local Seattle News | The Puget Sound Business Journal

  • Update: Murray says income committee backs phased-in $15 an hour wage

    Marc Stiles
    24 Apr 2014 | 6:22 pm
    Seattle Mayor Ed Murray on Thursday outlined the principles that a small majority of business and labor representatives on his income inequality committee have agreed to with regard to raising the minimum wage. They are: The minimum wage should be raised to $15 an hour. It would be difficult for small businesses and non-profits to start paying $15 now. "Given that, getting to $15 should be phased in," Murray said. Once $15 an hour is attained, future increases to the minimum wage should be based…
  • Update: Murray says income committee backs phased-in $15 an hour wage

    Marc Stiles
    24 Apr 2014 | 4:11 pm
    Seattle Mayor Ed Murray on Thursday outlined the principles that a small majority of business and labor representatives on his income inequality committee have agreed to with regard to raising the minimum wage. They are: The minimum wage should be raised to $15 an hour. It would be difficult for small businesses and non-profits to start paying $15 now. "Given that, getting to $15 should be phased in," Murray said. Once $15 an hour is attained, future increases to the minimum wage should be based…
  • Microsoft CEO Nadella: This is 'gold-rush time'

    Tracey Spenser
    24 Apr 2014 | 4:08 pm
    Microsoft's transition to a mobile-first world is "gold-rush time in terms of being able to capitalize on this opportunity," Satya Nadella said today in a conference call with investors. The new CEO, who was appointed Feb. 4, said, "Even from Day One, I had the deep conviction that our vision is going first into this mobile-first, cloud-first world." That strategy will provide the focus for "every device launch, every service launch," he said. Microsoft's goal is to deliver "a cloud for everyone,…
  • Averting gridlock: Could a Seattle-only bus tax gain traction with voters?

    Steven Goldsmith
    24 Apr 2014 | 2:59 pm
    After King County voters’ resounding rejection of a tax to avert cuts to Metro bus service, could Seattle voters think differently? Backers of an initiative for the city’s November ballot hope so. A group called Friends of Transit plans to file an initiative at Seattle City Hall tomorrow that would raise an estimated $25 million a year in property taxes to reverse most of the planned cuts to Metro routes that serve the city. “If we cut these routes, it’s our economic core that suffers,”…
  • Boeing promise: Nearly as many Dreamliners this year as in previous 7

    Steve Wilhelm
    24 Apr 2014 | 2:56 pm
    Boeing says it will deliver 110 Dreamliners this year, nearly as many as the 115 it delivered through 2013, seven years since the first 787 was rolled out in Everett. That was the core of executives’ case during Boeing’s first quarter conference call Wednesday, that the plane's production really, really is moving toward greater efficiency after years of very public teething pains. “We have reduced 787 unit costs by 15 percent and improved final assembly flow times by 10 percent in the last…
 
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    South Florida Business News - Local South Florida News | The South Florida Business Journal

  • Coral Springs apartment complex sells for $34M

    Brian Bandell
    24 Apr 2014 | 12:05 pm
    The San Remo apartments in Coral Springs sold for $34 million, or $188,888 per unit. San Remo LLC, an affiliate of Atlanta-based Gables Residential, sold the property at 3400 Coral Springs Drive to Atrium San Remo, an affiliate of Investcorp in New York. The buyer used a $22.78 million mortgage from Metropolitan Life Insurance Co. RELATED CONTENT: Apartment complex of 520 units sold for $22.5M The property has 180 units totaling 293,096 square feet and includes a pool and fitness center. It was…
  • Norwegian Epic adds England to list of voyages next year

    Shaun Bevan
    24 Apr 2014 | 11:53 am
    Norwegian Epic has added two sailings to and from Southampton, England in 2015, Norwegian Cruise Line announced Thursday. The ship's six-night sailing will depart Barcelona on Sept. 20, 2015 and arrive in Southampton on Sept. 26, 2015, with ports of call in between including Cartagena, Spain; Granada, Spain; and Lisbon, Portugal. RELATED CONTENT:  Norwegian Escape to sail out of Miami year-round From there it'll sail a seven-night voyage to Barcelona on Oct. 11 while visiting ports in Vigo,…
  • Carnival adds third year-round ship to Galveston

    Shaun Bevan
    24 Apr 2014 | 11:34 am
    Carnival Cruise Lines will add a third year-round ship to Galveston when Carnival Freedom launches seven-day cruises in February 2015. This will be the first time the Miami-based cruise line has deployed three year-round ships in Texas. The repositioning represents a 38 percent capacity increase for the line in Galveston, carrying more than 600,000 guests a year from that port. Prior to arriving at the port, Carnival Freedom will undergo a previously announced makeover that will add several new…
  • Royal Caribbean shares down after Q1 profit plunge

    Shaun Bevan
    24 Apr 2014 | 11:08 am
    Shares of Royal Caribbean Cruises Ltd. were down more than 2 percent after the company reported a first-quarter profit dip. The stock of the Miami-based company (NYSE: RCL) was down $1.43, or 2.72 percent, to $51.20 in Thursday afternoon trading. Shares were trading at a volume of 2.3 million, up from its daily average volume of 2 million shares. RCL reached its 52-week high of $56.66 on April 2 and its 52-week low of $31.37 on June 24. Royal Caribbean said its profits fell by two-thirds as costs…
  • BB&T funds $10M Hilton hotel construction loan

    Brian Bandell
    24 Apr 2014 | 10:49 am
    Branch Banking & Trust Co. provided a $9.76 million construction loan to the developer of a Home2 Suites by Hilton hotel in Dania Beach. Dania Beach Management, led by Jayesh N. Patel, secured the loan from the bank (NYSE: BBT) on the 101,812-square-foot site at 161 S.W. 19 th Court. It’s just north of Stirling Road and west of the Interstaet 95 ramp. RELATED CONTENT: Boca Raton hotel in bankruptcy auction, Dvorkin submits bid The developer bought the property in September 2013 for $1.96 million…
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    Tampa Business News - Local Tampa News | The Tampa Bay Business Journal

  • IIFA to rock with a night of fashion and music

    Jo-Lynn Brown
    24 Apr 2014 | 3:41 pm
    The International Indian Film Academy is presenting the Myntra.com IIFA Rocks Thursday night.  Myntra.com IIFA Rocks will showcase leading Indian designers from India and the host nation, Vikram Phadnis, Manish Malhotra and the U.S.-based Amita Bal, according to a statement.  Malhotra will be showing a collection from Shabana Azmi’s NGO, the Mijwan Welfare Society, and Phadnis will be showcasing his collection ‘"Nazaakat," which he designed for Vishal Fashions, the statement said.  Bal…
  • The scenes from TBBJ's 2014 Best Places to Work event

    24 Apr 2014 | 3:37 pm
    Sixty Tampa Bay area companies were honored at the 2014 Best Places to Work Awards, held April 24 at A La Carte Event Pavilion. The '80s theme took the lead from the movie "Ferris Bueller's Day Off."
  • Mayor, commissioner dance with Bollywood star Anil Kapoor (Video)

    Margaret Cashill
    24 Apr 2014 | 3:03 pm
    Tampa Mayor Bob Buckhorn and Hillsborough County Commissioner Al Higginbotham joined Bollywood actor Anil Kapoor to dance to the “Do Da Tampa” track at a media event Thursday. Their performance was part of a press event at the Hilton Downtown Tampa for the International Indian Film Academy Awards. “IIFA’s going to rock the world, and Tampa’s going to rock IIFA,” Buckhorn said. Kapoor, best known to American audiences for his role in “Slumdog Millionaire,” gave remarks, along with…
  • Butler Pappas law leases 3+ floors in Rivergate Tower

    Eric Snider
    24 Apr 2014 | 2:28 pm
    The law firm of Butler Pappas Weihmuller Katz Craig has inked a lease in Rivergate Tower — aka the Sykes Building — with plans to move its offices there by second quarter 2015. The firm is leaving One Harbour Place on Harbour Island, where it has been headquartered for about 10 years. Barry Hanerfeld and KC Tenukas, senior vice presidents at Cassidy Turley, represented the landlord, In-Rel Properties. Commercial Advisory Service’s Rick Wolfe represented Butler Pappas. The law group has leased…
  • Indian stars arrive at Tampa International Airport

    Margaret Cashill
    24 Apr 2014 | 2:24 pm
    A variety of Indian actors and actresses are arriving at Tampa International Airport this week for the IIFA Awards.
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    Washington, D.C. Business News - Local Washington, D.C. News | The Washington Business Journal

  • ​Dimensions officials: No change in Prince George’s hospital plans with COO departure

    Tina Reed
    24 Apr 2014 | 2:33 pm
    There should be no change in plans to build a new hospital in Prince George’s County despite  the planned departure of Dimensions Healthcare System’s chief operating officer, officials said Thursday. John O’Brien, who is also Prince George’s Hospital Center’s president, will retire May 15. Dimensions has not yet selected a replacement. Officials said details of the succession will be released in the next few weeks. Dimensions is in the midst of a bid to build a new Prince George’s…
  • FTC officials throw support behind Tesla's direct-sales model

    Jon Xavier
    24 Apr 2014 | 2:28 pm
    In an unusual move, three officials at the Federal Trade Commission have publicly come out against laws that ban automakers from selling cars directly to consumers. Those laws are the subject of an ongoing fight by Tesla Motors, which is trying to sell its Model S sedan through Apple Store-esque outlets over the objections of local dealer groups in multiple states, including Virginia and Maryland. In a blog post on the FTC website,  the officials called such laws "bad policy," saying that they…
  • More ‘.com’ means more profit for Verisign

    Jeff Clabaugh
    24 Apr 2014 | 2:15 pm
    Growth in active Internet sites translated into growth in revenue and earnings for Reston-based VeriSign Inc. VeriSign had first quarter revenue of $248.8 million, up 5 percent from $236.5 million in the same quarter a year ago. Net income was $94.4 million, or 64 cents per share, compared to $84.5 million, or 52 cents per share. VeriSign Registry Services added 1.28 million net new names during the quarter, ending with 128.5 million active “.com” and “.net” domains, up 4 percent from the…
  • #dcRising: Washington's top 10 pro basketball playoff games

    Robert J. Terry
    24 Apr 2014 | 2:11 pm
    The Washington Wizards return to Verizon Center Friday night for the first NBA playoff action seen on F Street since 2008. They have a surprisingly commanding 2-0 lead over the Chicago Bulls and are turning heads throughout pro hoops — a pretty amazing turn of events for a team that won 29 games a year ago. My family moved to Greater Washington in 1978 and my earliest D.C. pro sports memory is of the Bullets beating Seattle in the NBA Finals.  Bullets Fever! The opera ain't over till the fat…
  • Renovations help push Pebblebrook hotels revenue up

    Jeff Clabaugh
    24 Apr 2014 | 2:06 pm
    Bethesda-based Pebblebrook Hotel Trust cut its losses in the first quarter, crediting hotel renovations for improving room revenue and forecasting a full-year profit. Pebblebrook logged a first quarter net loss of $2 million, or 3 cents per share, compared to a quarterly loss a year earlier of $4.9 million, or 8 cents per share. Per share funds from operations was 26 cents, compared to 20 cents. “Significant revenue growth throughout our portfolio was widespread, though our hotels that were…
 
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    Wichita Business News - Local Wichita News | The Wichita Business Journal

  • Meet a local beer: River City Brewing’s Ace’s IPA (Video)

    Emily Behlmann
    24 Apr 2014 | 12:53 pm
    Last week, a rapidly increasing number of Kansas craft brewers celebrated the first ever Kansas Craft Beer Week. The event prompted us to look at the growing craft beer industry for a centerpiece scheduled for this Friday’s weekly edition of the Wichita Business Journal. As we’ve met local brewers, they’ve introduced us to some of their favorite beers. In this video by WBJ visual storyteller Kellen Jenkins, Dan Norton, the head brewer at River City Brewing Co., describes the IPA style of…
  • Koch Industries outlines energy efficiency gains

    Daniel McCoy
    24 Apr 2014 | 12:52 pm
    During an  interview with the WBJ earlier this year, Koch Industries Inc. chairman and CEO Charles Koch reiterated a statement that is at the core of his business philosophy. “The role of business is to create products that make people’s lives better while using less resources to do it and making more resources available to satisfy other needs,” he said. This week, the company released some details about how it and its subsidiaries are working to meet that charge — work that represents…
  • Wichita attorney Jeff Kennedy to speak at KU commencement

    Josh Heck
    24 Apr 2014 | 12:49 pm
    Jeff Kennedy will be a featured speaker next month at the commencement ceremony for the University of Kansas. Kennedy served as the managing partner of Martin, Pringle, Oliver Wallace & Bauer LLP from 2002 until last month  when he passed the torch to Stan Smith. Kennedy is still with the Martin Pringle firm and is back to focusing on his oil and gas law practice. KU’s spring commencement, meanwhile, starts at 10:30 a.m. May 18 at Memorial Stadium in Lawrence.  
  • Debbie Kennedy’s decision to leave Wichita State is bittersweet

    Josh Heck
    24 Apr 2014 | 12:45 pm
    Debbie Kennedy considers Wichita State University her “home base.” She has a master’s degree in mental health and psychiatric nursing from there, spent 10 years as an instructor and clinical educator and nine years as the executive director of the WSU Alumni Association. So it’s easy to see why it wasn’t an easy decision for her to leave the university to become CEO of the Wichita Children’s Home — a pending change I  reported earlier Thursday afternoon. “There’s some mixed…
  • Families look to Boeing for answers on Malaysia Airlines Flight 370

    Daniel McCoy
    24 Apr 2014 | 12:39 pm
    Frustrated with the lack of answers from Malaysian authorities, families of the passengers of missing Flight 370 are now turning their attention to the Boeing Co. According to a  report from CNN the families will be looking to Boeing (NYSE: BA), which built the missing 777 aircraft, for answers to more technical questions about the aircraft in hopes the information can aid in the search for the plane. Boeing did not comment on CNN’s report, but did issue a statement earlier this month following…
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