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  • $273M: 'Twin Toaster' towers sale is biggest of 2015 so far

    National Business News - Local Business News | bizjournals
    Marc Stiles
    27 Mar 2015 | 4:11 pm
    The Metropolitan Park East and West office buildings in downtown Seattle have sold for just over $272.8 million, according to public records. That's 30 percent more than what the office campus – known locally as the "Twin Toasters" for their shiny exteriors and boxy shapes – sold for less than three years ago. The price is the highest paid for a real estate asset so far this year in King County. Documents that King County recorded on Friday show that CBRE Global Investors of Los Angeles bought…
  • Online service that matches tenants with office space expands to Denver

    Business News from the Midwest - bizjournals.com
    Caitlin Hendee
    27 Mar 2015 | 1:54 pm
    Minneapolis-based Crelow has launched its online service that matches businesses with office space in Denver. Previously only available in the Minneapolis market, Crelow.com works by having prospective tenants select their desired office space features, such as square-footage, kitchen space, even whether pets are allowed, as well as their company culture. Crelow then conveys the details to the commercial real estate market and calls for bids without needing a broker. "Like many other industries,…
  • $273M: 'Twin Toaster' towers sale is biggest of 2015 so far

    Bizjournals.com Northwest RSS Feed
    Marc Stiles
    27 Mar 2015 | 4:11 pm
    The Metropolitan Park East and West office buildings in downtown Seattle have sold for just over $272.8 million, according to public records. That's 30 percent more than what the office campus – known locally as the "Twin Toasters" for their shiny exteriors and boxy shapes – sold for less than three years ago. The price is the highest paid for a real estate asset so far this year in King County. Documents that King County recorded on Friday show that CBRE Global Investors of Los Angeles bought…
  • Jury makes Kleiner Perkins victory in sexism trial complete

    Business News from Southwest US - bizjournals.com
    Cromwell Schubarth
    27 Mar 2015 | 5:00 pm
    Kleiner Perkins Caufield & Byers has been cleared of all claims against it in a civil suit brought by former junior partner Ellen Pao. The complete victory in the lawsuit came only after a juror changed his vote on whether the firm retaliated against Pao for complaining about gender bias. It brought to an end a wild afternoon in Judge Harold Kahn's San Francisco courtroom, where it appeared hours earlier that the jury's work was done. The jury told the judge shortly after 2 p.m. that it had reached…
  • Monument plans micro-hotel in Chinatown

    Business News from the Northeast US - bizjournals
    Jeff Clabaugh
    27 Mar 2015 | 3:02 pm
    Monument Realty has formed a joint venture with Modus Hotels and the Cafritz Co. to develop a micro-hotel on an H Street NW site in Chinatown once planned for an 80,000-square-foot office-and-retail building. The partners are planning to build a 230-room micro-hotel at 627 H St. NW with ground-floor retail space. Construction on the $60 million project is slated to start later this month with delivery expected in 2016. While the site was initially planned for office, Monument President Michael Darby…
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    National Business News - Local Business News | bizjournals

  • $273M: 'Twin Toaster' towers sale is biggest of 2015 so far

    Marc Stiles
    27 Mar 2015 | 4:11 pm
    The Metropolitan Park East and West office buildings in downtown Seattle have sold for just over $272.8 million, according to public records. That's 30 percent more than what the office campus – known locally as the "Twin Toasters" for their shiny exteriors and boxy shapes – sold for less than three years ago. The price is the highest paid for a real estate asset so far this year in King County. Documents that King County recorded on Friday show that CBRE Global Investors of Los Angeles bought…
  • Legals 03/27/2015

    27 Mar 2015 | 4:10 pm
    Request for Proposals The Shelby County Board of Education, Central Nutrition Center, will be accepting written proposals for a Consulting and Analytical Testing Laboratory. Visit our website for additional information: www.scsk12.org-Departments, Procurement Services link, click on Bids & RFPs. Questions concerning proposals should be addressed to Central Nutrition Center at (901) 416-5550. Thank you for your interest and responses. Shelby County Schools – Procurement Services Publication…
  • Kleiner Perkins wins partial verdict in Ellen Pao gender discrimination suit

    Cromwell Schubarth
    27 Mar 2015 | 3:43 pm
    A jury ruled Friday that Menlo Park venture capital firm Kleiner Perkins Caufield & Byers didn't discriminate against a former junior partner, Ellen Pao. But there weren't enough votes to settle a separate claim that the firm retaliated against Pao for complaining about gender bias. An 8-4 majority said the firm did not retaliate against her, which Judge Harold Kahn ruled isn't enough for a verdict so he sent the jury back to deliberate more on that issue. The six-man, six-woman jury delivered…
  • Hacking Weekend Sports: Warriors clinch Pacific, take win streak on road

    Philip Beadle
    27 Mar 2015 | 3:09 pm
    It’s no surprise that the Golden State Warriors were the first team to tie up their division, winning the Pacific Division Championship for the first time since 1976. It’s been a record season for the Warriors, and the team has a chance to not just extend its current seven-game winning streak tonight, but also to tie its franchise record for season wins tonight in Memphis. It’s about time to see how much pride the San Jose Sharks have. Not playing for a playoff spot anymore, pride is pretty…
  • Ala Moana restaurant Manichi Ramen to serve alcohol by this summer

    Lorin Eleni Gill
    27 Mar 2015 | 3:09 pm
    Manichi Ramen restaurant has applied for a liquor license and expects to serve beer and shochu by the end of May, CEO Masayuki Ide confirmed Friday. The Japanese ramen shop, also known as Ramen Man-Ichi, opened in October in the old Ramen Kai spot on Kona Street across from Ala Moana Center. The 1,000 square-foot restaurant currently uses a BYOB policy. Ide said the restaurant specializes in tonkotsu ramen, a dense pork broth which hails from Kurume, Japan. Manichi Ramen is owned by Manichi Asisupo…
 
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    Business News from the Midwest - bizjournals.com

  • Online service that matches tenants with office space expands to Denver

    Caitlin Hendee
    27 Mar 2015 | 1:54 pm
    Minneapolis-based Crelow has launched its online service that matches businesses with office space in Denver. Previously only available in the Minneapolis market, Crelow.com works by having prospective tenants select their desired office space features, such as square-footage, kitchen space, even whether pets are allowed, as well as their company culture. Crelow then conveys the details to the commercial real estate market and calls for bids without needing a broker. "Like many other industries,…
  • Memorial Health buying Marysville surgery center from joint venture partners

    Carrie Ghose
    27 Mar 2015 | 1:08 pm
    Memorial Health is buying out physicians and a health management company to take full ownership of the Marysville Ohio Surgical Center, the Union County system said Friday after trustees approved the deal. The health system will pay for business assets and by September assume the lease of the 10,000-square-foot outpatient facility that opened in 2004. The price will be set after an outside appraisal of the assets. The number of employees was not immediately available, but staff will transfer to…
  • TCK departing 125 N. Market for another downtown space

    Josh Heck
    27 Mar 2015 | 1:00 pm
    The Trust Company of Kansas is relocating, but the company is staying downtown. TCK has signed a long-term lease for 6,758 square feet of space in the Farm Credit building at 245 N. Waco. The company will vacate its 7,500-square-foot space in the 125 N. Market building. Tony Utter, of Utter Commercial Real Estate, represented the Farm Credit building. Don Arnold, of John T. Arnold & Associates, represented TCK. This marks the first time in more than 15 years TCK will be relocating. Company President…
  • Mike Jacobs: Retirement not related to Channel 4 ownership change

    Rich Kirchen
    27 Mar 2015 | 12:48 pm
    Longtime WTMJ-TV (Channel 4) news anchor Mike Jacobs says his decision to retire was planned several years ago and has nothing to do with the station’s ownership shifting to E.W. Scripps Co. “That’s a reasonable and fair question and the answer is ‘No,’” Jacobs said in a response to a question from John Mercure on “Wisconsin’s Afternoon News” on WTMJ-AM (620) Thursday evening. Jacobs said when he signed his last contract with WTMJ-TV four-and-a-half years ago, he told station…
  • Fans welcome Shockers home from NCAA Tournament after Sweet 16 loss

    Josh Heck
    27 Mar 2015 | 12:46 pm
    Though the return to Wichita was sooner than the Shocker faithful had hoped, the men’s basketball team was treated to a hero’s welcome Friday afternoon at Charles Koch Arena. Dozens of Shocker fans and Wichita State University students gathered outside the arena to welcome the team home after its Sweet 16 trip to Cleveland. The Shockers lost to Notre Dame Thursday, 81-70, and the pain of the loss was still evident on players’ faces. Still, those in attendance cheered and thanked the team…
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    Bizjournals.com Northwest RSS Feed

  • $273M: 'Twin Toaster' towers sale is biggest of 2015 so far

    Marc Stiles
    27 Mar 2015 | 4:11 pm
    The Metropolitan Park East and West office buildings in downtown Seattle have sold for just over $272.8 million, according to public records. That's 30 percent more than what the office campus – known locally as the "Twin Toasters" for their shiny exteriors and boxy shapes – sold for less than three years ago. The price is the highest paid for a real estate asset so far this year in King County. Documents that King County recorded on Friday show that CBRE Global Investors of Los Angeles bought…
  • A look back at All Nippon Airways' 12-year turbulent relationship with Boeing's Dreamliner

    Steve Wilhelm
    27 Mar 2015 | 2:51 pm
    All Nippon Airways, the airline that more than any other has been wedded to Boeing’s 787 Dreamliner, renewed its vows on Friday. By finalizing an order for three 787-10s, the largest of the three 787 models, All Nippon cemented its commitment to the Dreamliner, and will become the first Asian airline to operate all three models of the plane. United Airlines and British Airways also have ordered all three models. All Nippon operates 34 Dreamliners, the largest fleet of 787s in the world, and so…
  • 'Strive to do something that feeds your soul, not your pocketbook' and other advice from women business leaders

    Becky Monk
    27 Mar 2015 | 2:32 pm
    On Monday, March 30, nearly 300 people are expected to attend Mentoring Monday, a Business Journal event at the Renaissance Seattle Hotel. At the sold-out event, which will be happening simultaneously in 43 cities across the country where the PSBJ's parent company, American City Business Journals, have operations, the attendees will be able to ask 42 of the region's top women executives for career advice. We asked some of the business leaders who agreed to be mentors what advice they would have…
  • Instant replay: Here's why this Seattle entrepreneur launched a new startup a month after her first failed

    Rachel Lerman
    27 Mar 2015 | 2:27 pm
    Startups fail. About nine out of 10 of them fail, in fact. Many entrepreneurs will tell you that’s just part of the experience. It’s what you do with that failure. Some entrepreneurs take time off, others take jobs at other companies. Some eventually launch startups again. For Janelle Maiocco, “eventually” was about four weeks. Maiocco founded another company with a very similar mission this month after her startup Farmstr closed in February. Maiocco already knew she was passionate about…
  • Counting raindrops and courting Warren Buffett — all in a day's work for Bellevue couple

    Marc Stiles
    27 Mar 2015 | 2:24 pm
    A Bellevue family made a big bet several years ago when it paid $8.5 million for a slice of a former sand-and-gravel pit in Everett and started making plans to build a big warehouse. Despite some anxious times for the husband – David Gartland, an engineer who spent rainy nights thinking about how much water was falling on his 25 acres of dirt – it has turned out OK so far. He and his wife, Shannon Underwood, and their real estate brokers from the Broderick Group have have found tenants for most…
 
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    Business News from Southwest US - bizjournals.com

  • Jury makes Kleiner Perkins victory in sexism trial complete

    Cromwell Schubarth
    27 Mar 2015 | 5:00 pm
    Kleiner Perkins Caufield & Byers has been cleared of all claims against it in a civil suit brought by former junior partner Ellen Pao. The complete victory in the lawsuit came only after a juror changed his vote on whether the firm retaliated against Pao for complaining about gender bias. It brought to an end a wild afternoon in Judge Harold Kahn's San Francisco courtroom, where it appeared hours earlier that the jury's work was done. The jury told the judge shortly after 2 p.m. that it had reached…
  • Hacking Weekend Sports: Warriors clinch Pacific, take win streak on road

    Philip Beadle
    27 Mar 2015 | 3:09 pm
    It’s no surprise that the Golden State Warriors were the first team to tie up their division, winning the Pacific Division Championship for the first time since 1976. It’s been a record season for the Warriors, and the team has a chance to not just extend its current seven-game winning streak tonight, but also to tie its franchise record for season wins tonight in Memphis. It’s about time to see how much pride the San Jose Sharks have. Not playing for a playoff spot anymore, pride is pretty…
  • DeVry University leases in Edenvale

    Nathan Donato-Weinstein
    27 Mar 2015 | 3:03 pm
    Equinix's big land acquisition this week isn't the only recent real estate activity in Edenvale. DeVry Education Group Inc. recently leased 48,802 square feet at 5883 Rue Ferrari, a building in the Edenvale Business Park. The company, which operates the Carrington College network of for-profit private colleges, was already in the neighborhood at 6201 San Ignacio. The new lease is not a major size increase, but allows the school to have newer, updated facilities and more parking, said Patty Steele,…
  • Boston Globe: Liberty Mutual identifies Plano as one of six U.S. call center sites

    Candace Carlisle
    27 Mar 2015 | 3:00 pm
    The speculation of Liberty Mutual's expansion in Dallas-Fort Worth could be over as the Boston Globe reports that Boston-based Liberty Mutual Insurance plans to put one of its six national call centers in Plano. This could be the first official confirmation of rumors that have been circulating in the North Texas real estate community. Word on the street: Liberty Mutual plans to lease, or own, a nearly million-square-foot service center in a campus-like setting in a project that could bring 4,000…
  • Flick picks: Will Ferrell and Ben Stiller are men at a crossroads in ‘Get Hard,’ ‘While We’re Young’

    Annlee Ellingson
    27 Mar 2015 | 2:59 pm
    The pratfalls and pitfalls of trying to be something you’re not are on display in two new releases this week. For Will Ferrell, it’s “Hard.” For Ben Stiller, it’s “Young.” But whereas “Get Hard” grapples (to varying degrees success) with broad issues like race and class and homosexuality, “While We’re Young” wrestles with a myriad more nuanced themes: aging and ambition and art. Directed by Etan Cohen — the screenwriter behind satires “Tropic Thunder” and “Idiocracy”…
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    Business News from the Northeast US - bizjournals

  • Monument plans micro-hotel in Chinatown

    Jeff Clabaugh
    27 Mar 2015 | 3:02 pm
    Monument Realty has formed a joint venture with Modus Hotels and the Cafritz Co. to develop a micro-hotel on an H Street NW site in Chinatown once planned for an 80,000-square-foot office-and-retail building. The partners are planning to build a 230-room micro-hotel at 627 H St. NW with ground-floor retail space. Construction on the $60 million project is slated to start later this month with delivery expected in 2016. While the site was initially planned for office, Monument President Michael Darby…
  • New agreement for free T rides

    Sam Kusic
    27 Mar 2015 | 2:25 pm
    The Port Authority of Allegheny County has approved a new agreement providing for free light-rail rides between the First Avenue station downtown and the North Side Station on the North Shore. The agreement, with Pittsburgh's stadium authority, is for five years. It will cost the stadium authority and Alco Parking Corp., which shares the cost, close to $2 million over the life of the deal. The new agreements preserves a program offering free T rides between the two points.The previous deal expires…
  • Ciena stockholders endorse raise for CEO Gary Smith

    Rick Seltzer
    27 Mar 2015 | 2:02 pm
    Ciena Corp. stockholders endorsed a 19 percent increase in compensation for CEO Gary B. Smith as he touted increased revenue at the Hanover-based networking company in 2014. Revenue rose 10 percent last year at Ciena (NYSE: CIEN), Smith said during the company's annual stockholders meeting Thursday, echoing 2014 earnings released in December that showed revenue hitting $2.3 billion. The company is also diversifying, with its non-telecommunications business accounting for 25 percent of revenue last…
  • Moody's downgrades Metro transit bonds

    Michael Neibauer
    27 Mar 2015 | 1:49 pm
    Citing its poor handling of federal grants and the restrictions placed on its spending as a result, Moody’s Investors Service said Friday it has downgraded the Washington Metropolitan Transit Authority’s transit bonds, while revising Metro’s outlook from stable to negative. “The downgrade reflects a ramp-up by WMATA of short-term debt as a tool to bridge restrictions on its receipt of federal funds, the result of findings from a Federal Transit Administration audit of the Authority’s grant’s…
  • DEP sets hearing date for Shell cracker permit

    Sam Kusic
    27 Mar 2015 | 1:24 pm
    The state Department of Environmental Protection has scheduled a public hearing on whether to issue an air quality permit for Royal Dutch Shell's proposed ethane cracker plant in Beaver County. The hearing has been set for 6 to 8 p.m. May 5 at Central Valley High School, 160 Baker Road Ext., Monaca. The department will take oral testimony on the permit application. The plant will convert ethane into ethylene, and then into polyethylene. Based on the permit application, the plant would be capable…
 
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    Business News from Southeast US - bizjournals.com

  • After Hours

    27 Mar 2015 | 4:47 pm
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    27 Mar 2015 | 4:47 pm
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  • Legals 03/27/2015

    27 Mar 2015 | 4:10 pm
    Request for Proposals The Shelby County Board of Education, Central Nutrition Center, will be accepting written proposals for a Consulting and Analytical Testing Laboratory. Visit our website for additional information: www.scsk12.org-Departments, Procurement Services link, click on Bids & RFPs. Questions concerning proposals should be addressed to Central Nutrition Center at (901) 416-5550. Thank you for your interest and responses. Shelby County Schools – Procurement Services Publication…
  • Contempt of court motion filed in Dunkel divorce over millions in Kforce stock

    Alexis Muellner
    27 Mar 2015 | 2:54 pm
    Kforce CEO David Dunkel is no longer married to his ex-wife, but that isn’t stopping some high stakes maneuvering in court. At play, the remainder of the 682,115 shares of Kforce (Nasdaq: KFRC) stock, more than $7 million worth, that wasn’t included when the CEO transferred 361,263 of the stock worth $8.2 million to his former wife, now known as Maureen Daly. The CEO has yet to turn over more than $1 million in cash, also part of the February court order. The stock he did transfer was large…
  • U.S. Steel starts layoffs of up to 1,500 workers in Fairfield

    Ryan Phillips
    27 Mar 2015 | 2:53 pm
    U.S. Steel confirmed Friday that the time period warning employees they would be laid off earlier this year has ended and now layoffs will begin. Sarah Cassella, a public affairs representative for U.S. Steel Corp. in Pittsburgh, told the BBJ that the federal WARN notices were sent out in January, and the time limit has run out. This could mean as many as 1,214 workers laid off from the company's flat roll facility, along with 386 at the tubular facility. One U.S. Steel worker, who asked to remain…
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    Accounting News - Accounting News Headlines | Bizjournals.com

  • $273M: 'Twin Toaster' towers sale is biggest of 2015 so far

    Marc Stiles
    27 Mar 2015 | 4:11 pm
    The Metropolitan Park East and West office buildings in downtown Seattle have sold for just over $272.8 million, according to public records. That's 30 percent more than what the office campus – known locally as the "Twin Toasters" for their shiny exteriors and boxy shapes – sold for less than three years ago. The price is the highest paid for a real estate asset so far this year in King County. Documents that King County recorded on Friday show that CBRE Global Investors of Los Angeles bought…
  • Legals 03/27/2015

    27 Mar 2015 | 4:10 pm
    Request for Proposals The Shelby County Board of Education, Central Nutrition Center, will be accepting written proposals for a Consulting and Analytical Testing Laboratory. Visit our website for additional information: www.scsk12.org-Departments, Procurement Services link, click on Bids & RFPs. Questions concerning proposals should be addressed to Central Nutrition Center at (901) 416-5550. Thank you for your interest and responses. Shelby County Schools – Procurement Services Publication…
  • Kleiner Perkins wins partial verdict in Ellen Pao gender discrimination suit

    Cromwell Schubarth
    27 Mar 2015 | 3:43 pm
    A jury ruled Friday that Menlo Park venture capital firm Kleiner Perkins Caufield & Byers didn't discriminate against a former junior partner, Ellen Pao. But there weren't enough votes to settle a separate claim that the firm retaliated against Pao for complaining about gender bias. An 8-4 majority said the firm did not retaliate against her, which Judge Harold Kahn ruled isn't enough for a verdict so he sent the jury back to deliberate more on that issue. The six-man, six-woman jury delivered…
  • Hacking Weekend Sports: Warriors clinch Pacific, take win streak on road

    Philip Beadle
    27 Mar 2015 | 3:09 pm
    It’s no surprise that the Golden State Warriors were the first team to tie up their division, winning the Pacific Division Championship for the first time since 1976. It’s been a record season for the Warriors, and the team has a chance to not just extend its current seven-game winning streak tonight, but also to tie its franchise record for season wins tonight in Memphis. It’s about time to see how much pride the San Jose Sharks have. Not playing for a playoff spot anymore, pride is pretty…
  • Ala Moana restaurant Manichi Ramen to serve alcohol by this summer

    Lorin Eleni Gill
    27 Mar 2015 | 3:09 pm
    Manichi Ramen restaurant has applied for a liquor license and expects to serve beer and shochu by the end of May, CEO Masayuki Ide confirmed Friday. The Japanese ramen shop, also known as Ramen Man-Ichi, opened in October in the old Ramen Kai spot on Kona Street across from Ala Moana Center. The 1,000 square-foot restaurant currently uses a BYOB policy. Ide said the restaurant specializes in tonkotsu ramen, a dense pork broth which hails from Kurume, Japan. Manichi Ramen is owned by Manichi Asisupo…
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    Agriculture News - Agriculture News Headlines | Bizjournals.com

  • $273M: 'Twin Toaster' towers sale is biggest of 2015 so far

    Marc Stiles
    27 Mar 2015 | 4:11 pm
    The Metropolitan Park East and West office buildings in downtown Seattle have sold for just over $272.8 million, according to public records. That's 30 percent more than what the office campus – known locally as the "Twin Toasters" for their shiny exteriors and boxy shapes – sold for less than three years ago. The price is the highest paid for a real estate asset so far this year in King County. Documents that King County recorded on Friday show that CBRE Global Investors of Los Angeles bought…
  • Legals 03/27/2015

    27 Mar 2015 | 4:10 pm
    Request for Proposals The Shelby County Board of Education, Central Nutrition Center, will be accepting written proposals for a Consulting and Analytical Testing Laboratory. Visit our website for additional information: www.scsk12.org-Departments, Procurement Services link, click on Bids & RFPs. Questions concerning proposals should be addressed to Central Nutrition Center at (901) 416-5550. Thank you for your interest and responses. Shelby County Schools – Procurement Services Publication…
  • Kleiner Perkins wins partial verdict in Ellen Pao gender discrimination suit

    Cromwell Schubarth
    27 Mar 2015 | 3:43 pm
    A jury ruled Friday that Menlo Park venture capital firm Kleiner Perkins Caufield & Byers didn't discriminate against a former junior partner, Ellen Pao. But there weren't enough votes to settle a separate claim that the firm retaliated against Pao for complaining about gender bias. An 8-4 majority said the firm did not retaliate against her, which Judge Harold Kahn ruled isn't enough for a verdict so he sent the jury back to deliberate more on that issue. The six-man, six-woman jury delivered…
  • Hacking Weekend Sports: Warriors clinch Pacific, take win streak on road

    Philip Beadle
    27 Mar 2015 | 3:09 pm
    It’s no surprise that the Golden State Warriors were the first team to tie up their division, winning the Pacific Division Championship for the first time since 1976. It’s been a record season for the Warriors, and the team has a chance to not just extend its current seven-game winning streak tonight, but also to tie its franchise record for season wins tonight in Memphis. It’s about time to see how much pride the San Jose Sharks have. Not playing for a playoff spot anymore, pride is pretty…
  • Ala Moana restaurant Manichi Ramen to serve alcohol by this summer

    Lorin Eleni Gill
    27 Mar 2015 | 3:09 pm
    Manichi Ramen restaurant has applied for a liquor license and expects to serve beer and shochu by the end of May, CEO Masayuki Ide confirmed Friday. The Japanese ramen shop, also known as Ramen Man-Ichi, opened in October in the old Ramen Kai spot on Kona Street across from Ala Moana Center. The 1,000 square-foot restaurant currently uses a BYOB policy. Ide said the restaurant specializes in tonkotsu ramen, a dense pork broth which hails from Kurume, Japan. Manichi Ramen is owned by Manichi Asisupo…
 
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    Banking & Financial News - Banking & Financial News Headlines | Bizjournals.com

  • Kleiner Perkins wins partial verdict in Ellen Pao gender discrimination suit

    Cromwell Schubarth
    27 Mar 2015 | 3:43 pm
    A jury ruled Friday that Menlo Park venture capital firm Kleiner Perkins Caufield & Byers didn't discriminate against a former junior partner, Ellen Pao. But there weren't enough votes to settle a separate claim that the firm retaliated against Pao for complaining about gender bias. An 8-4 majority said the firm did not retaliate against her, which Judge Harold Kahn ruled isn't enough for a verdict so he sent the jury back to deliberate more on that issue. The six-man, six-woman jury delivered…
  • Boston Globe: Liberty Mutual identifies Plano as one of six U.S. call center sites

    Candace Carlisle
    27 Mar 2015 | 3:00 pm
    The speculation of Liberty Mutual's expansion in Dallas-Fort Worth could be over as the Boston Globe reports that Boston-based Liberty Mutual Insurance plans to put one of its six national call centers in Plano. This could be the first official confirmation of rumors that have been circulating in the North Texas real estate community. Word on the street: Liberty Mutual plans to lease, or own, a nearly million-square-foot service center in a campus-like setting in a project that could bring 4,000…
  • Shareholders approve $35 billion energy megadeal

    Jordan Blum
    27 Mar 2015 | 2:50 pm
    More than 98 percent of voting shareholders from both companies easily approved the $34.6 billion megadeal for Halliburton Co. (NYSE: HAL) to acquire Baker Hughes Inc. (NYSE: BHI) at special meetings on March 27. The combination of the two Houston-based oilfield services giants is not expected to close until "late in the second half" of the year after going through the federal regulatory process and the sales of some business units and assets by both companies, according to Halliburton Chairman…
  • 'Strive to do something that feeds your soul, not your pocketbook' and other advice from women business leaders

    Becky Monk
    27 Mar 2015 | 2:32 pm
    On Monday, March 30, nearly 300 people are expected to attend Mentoring Monday, a Business Journal event at the Renaissance Seattle Hotel. At the sold-out event, which will be happening simultaneously in 43 cities across the country where the PSBJ's parent company, American City Business Journals, have operations, the attendees will be able to ask 42 of the region's top women executives for career advice. We asked some of the business leaders who agreed to be mentors what advice they would have…
  • Mexico signs second pipeline deal to import Eagle Ford natural gas

    Sergio Chapa
    27 Mar 2015 | 2:28 pm
    Mexico's national oil company PEMEX has signed a deal with U.S.-based investment firms BlackRock and First Reserve to begin the second phase of a pipeline that will bring natural gas from the Eagle Ford shale to cities hundreds of miles south of the border. PEMEX CEO Emilio Lozoya-Austin signed the deal with representatives from both companies in Mexico City on Thursday. Under the 25-year deal, BlackRock is investing $4.6 billion and First Reserve is investing $30 million in the Los Ramones II…
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    Bankruptcy News - Bankruptcy News Headlines | Bizjournals.com

  • $273M: 'Twin Toaster' towers sale is biggest of 2015 so far

    Marc Stiles
    27 Mar 2015 | 4:11 pm
    The Metropolitan Park East and West office buildings in downtown Seattle have sold for just over $272.8 million, according to public records. That's 30 percent more than what the office campus – known locally as the "Twin Toasters" for their shiny exteriors and boxy shapes – sold for less than three years ago. The price is the highest paid for a real estate asset so far this year in King County. Documents that King County recorded on Friday show that CBRE Global Investors of Los Angeles bought…
  • Legals 03/27/2015

    27 Mar 2015 | 4:10 pm
    Request for Proposals The Shelby County Board of Education, Central Nutrition Center, will be accepting written proposals for a Consulting and Analytical Testing Laboratory. Visit our website for additional information: www.scsk12.org-Departments, Procurement Services link, click on Bids & RFPs. Questions concerning proposals should be addressed to Central Nutrition Center at (901) 416-5550. Thank you for your interest and responses. Shelby County Schools – Procurement Services Publication…
  • Kleiner Perkins wins partial verdict in Ellen Pao gender discrimination suit

    Cromwell Schubarth
    27 Mar 2015 | 3:43 pm
    A jury ruled Friday that Menlo Park venture capital firm Kleiner Perkins Caufield & Byers didn't discriminate against a former junior partner, Ellen Pao. But there weren't enough votes to settle a separate claim that the firm retaliated against Pao for complaining about gender bias. An 8-4 majority said the firm did not retaliate against her, which Judge Harold Kahn ruled isn't enough for a verdict so he sent the jury back to deliberate more on that issue. The six-man, six-woman jury delivered…
  • Hacking Weekend Sports: Warriors clinch Pacific, take win streak on road

    Philip Beadle
    27 Mar 2015 | 3:09 pm
    It’s no surprise that the Golden State Warriors were the first team to tie up their division, winning the Pacific Division Championship for the first time since 1976. It’s been a record season for the Warriors, and the team has a chance to not just extend its current seven-game winning streak tonight, but also to tie its franchise record for season wins tonight in Memphis. It’s about time to see how much pride the San Jose Sharks have. Not playing for a playoff spot anymore, pride is pretty…
  • Ala Moana restaurant Manichi Ramen to serve alcohol by this summer

    Lorin Eleni Gill
    27 Mar 2015 | 3:09 pm
    Manichi Ramen restaurant has applied for a liquor license and expects to serve beer and shochu by the end of May, CEO Masayuki Ide confirmed Friday. The Japanese ramen shop, also known as Ramen Man-Ichi, opened in October in the old Ramen Kai spot on Kona Street across from Ala Moana Center. The 1,000 square-foot restaurant currently uses a BYOB policy. Ide said the restaurant specializes in tonkotsu ramen, a dense pork broth which hails from Kurume, Japan. Manichi Ramen is owned by Manichi Asisupo…
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    Commercial Real Estate Industry News Headlines | Bizjournals.com

  • $273M: 'Twin Toaster' towers sale is biggest of 2015 so far

    Marc Stiles
    27 Mar 2015 | 4:11 pm
    The Metropolitan Park East and West office buildings in downtown Seattle have sold for just over $272.8 million, according to public records. That's 30 percent more than what the office campus – known locally as the "Twin Toasters" for their shiny exteriors and boxy shapes – sold for less than three years ago. The price is the highest paid for a real estate asset so far this year in King County. Documents that King County recorded on Friday show that CBRE Global Investors of Los Angeles bought…
  • DeVry University leases in Edenvale

    Nathan Donato-Weinstein
    27 Mar 2015 | 3:03 pm
    Equinix's big land acquisition this week isn't the only recent real estate activity in Edenvale. DeVry Education Group Inc. recently leased 48,802 square feet at 5883 Rue Ferrari, a building in the Edenvale Business Park. The company, which operates the Carrington College network of for-profit private colleges, was already in the neighborhood at 6201 San Ignacio. The new lease is not a major size increase, but allows the school to have newer, updated facilities and more parking, said Patty Steele,…
  • Monument plans micro-hotel in Chinatown

    Jeff Clabaugh
    27 Mar 2015 | 3:02 pm
    Monument Realty has formed a joint venture with Modus Hotels and the Cafritz Co. to develop a micro-hotel on an H Street NW site in Chinatown once planned for an 80,000-square-foot office-and-retail building. The partners are planning to build a 230-room micro-hotel at 627 H St. NW with ground-floor retail space. Construction on the $60 million project is slated to start later this month with delivery expected in 2016. While the site was initially planned for office, Monument President Michael Darby…
  • Boston Globe: Liberty Mutual identifies Plano as one of six U.S. call center sites

    Candace Carlisle
    27 Mar 2015 | 3:00 pm
    The speculation of Liberty Mutual's expansion in Dallas-Fort Worth could be over as the Boston Globe reports that Boston-based Liberty Mutual Insurance plans to put one of its six national call centers in Plano. This could be the first official confirmation of rumors that have been circulating in the North Texas real estate community. Word on the street: Liberty Mutual plans to lease, or own, a nearly million-square-foot service center in a campus-like setting in a project that could bring 4,000…
  • Kriseman proposes new agreement with Rays to search for stadium sites in Hillsborough, Pinellas

    Ashley Gurbal Kritzer
    27 Mar 2015 | 2:50 pm
    St. Petersburg Mayor Rick Kriseman is taking another crack at reaching an agreement that will allow the Tampa Bay Rays to search Pinellas and Hillsborough counties for a site for a new Major League Baseball stadium. Kriseman on Friday submitted a new agreement to the St. Petersburg City Council, which voted down the memorandum of understanding he proposed with the team in early December. The new proposal has two key differences: If city council accepts the agreement, the Rays will provide the…
 
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    Economic Snapshot News - Economic Snapshot News Headlines | Bizjournals.com

  • $273M: 'Twin Toaster' towers sale is biggest of 2015 so far

    Marc Stiles
    27 Mar 2015 | 4:11 pm
    The Metropolitan Park East and West office buildings in downtown Seattle have sold for just over $272.8 million, according to public records. That's 30 percent more than what the office campus – known locally as the "Twin Toasters" for their shiny exteriors and boxy shapes – sold for less than three years ago. The price is the highest paid for a real estate asset so far this year in King County. Documents that King County recorded on Friday show that CBRE Global Investors of Los Angeles bought…
  • Legals 03/27/2015

    27 Mar 2015 | 4:10 pm
    Request for Proposals The Shelby County Board of Education, Central Nutrition Center, will be accepting written proposals for a Consulting and Analytical Testing Laboratory. Visit our website for additional information: www.scsk12.org-Departments, Procurement Services link, click on Bids & RFPs. Questions concerning proposals should be addressed to Central Nutrition Center at (901) 416-5550. Thank you for your interest and responses. Shelby County Schools – Procurement Services Publication…
  • Kleiner Perkins wins partial verdict in Ellen Pao gender discrimination suit

    Cromwell Schubarth
    27 Mar 2015 | 3:43 pm
    A jury ruled Friday that Menlo Park venture capital firm Kleiner Perkins Caufield & Byers didn't discriminate against a former junior partner, Ellen Pao. But there weren't enough votes to settle a separate claim that the firm retaliated against Pao for complaining about gender bias. An 8-4 majority said the firm did not retaliate against her, which Judge Harold Kahn ruled isn't enough for a verdict so he sent the jury back to deliberate more on that issue. The six-man, six-woman jury delivered…
  • Hacking Weekend Sports: Warriors clinch Pacific, take win streak on road

    Philip Beadle
    27 Mar 2015 | 3:09 pm
    It’s no surprise that the Golden State Warriors were the first team to tie up their division, winning the Pacific Division Championship for the first time since 1976. It’s been a record season for the Warriors, and the team has a chance to not just extend its current seven-game winning streak tonight, but also to tie its franchise record for season wins tonight in Memphis. It’s about time to see how much pride the San Jose Sharks have. Not playing for a playoff spot anymore, pride is pretty…
  • Ala Moana restaurant Manichi Ramen to serve alcohol by this summer

    Lorin Eleni Gill
    27 Mar 2015 | 3:09 pm
    Manichi Ramen restaurant has applied for a liquor license and expects to serve beer and shochu by the end of May, CEO Masayuki Ide confirmed Friday. The Japanese ramen shop, also known as Ramen Man-Ichi, opened in October in the old Ramen Kai spot on Kona Street across from Ala Moana Center. The 1,000 square-foot restaurant currently uses a BYOB policy. Ide said the restaurant specializes in tonkotsu ramen, a dense pork broth which hails from Kurume, Japan. Manichi Ramen is owned by Manichi Asisupo…
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    Education News - Education News Headlines | Bizjournals.com

  • DeVry University leases in Edenvale

    Nathan Donato-Weinstein
    27 Mar 2015 | 3:03 pm
    Equinix's big land acquisition this week isn't the only recent real estate activity in Edenvale. DeVry Education Group Inc. recently leased 48,802 square feet at 5883 Rue Ferrari, a building in the Edenvale Business Park. The company, which operates the Carrington College network of for-profit private colleges, was already in the neighborhood at 6201 San Ignacio. The new lease is not a major size increase, but allows the school to have newer, updated facilities and more parking, said Patty Steele,…
  • House Dems' budget includes funding for WSU's proposed medical school

    Annie Zak
    27 Mar 2015 | 1:42 pm
    The House Democrats' budget introduced in Olympia this morning would allot $8 million for Washington State University to establish its own medical school. It would be the second publicly funded medical school in Washington state after the University of Washington's program. The $38.8 billion House Democrat's budget proposal is still facing a lengthy approval process, including negotiations with House Republicans and then the Senate proposal. But this is definitely a step in the right direction for…
  • How NM's education industry is attacking a teacher shortage

    Sal Christ
    27 Mar 2015 | 1:42 pm
    The case for feeding the New Mexico teaching pool is both one of classroom need and one of employer need. Despite budget cuts, as one of Albuquerque's biggest employers, Albuquerque Public Schools still has a need to fill empty teaching positions, and a limited amount of people in the state have the credentials to fill those roles. Designed to address those needs, programs at both Central New Mexico Community College and the University of New Mexico aim to decrease the teacher shortage both at APS…
  • Apple CEO Tim Cook: I'll give my fortune away to charity

    Chris Rauber
    27 Mar 2015 | 1:39 pm
    Tim Cook plans to give virtually all of his nearly $800 million fortune to charity before he dies, the Apple (NASDAQ: AAPL) CEO told Fortune magazine as part of a wide-ranging March 26 profile. Cook told the business publication that other than providing for a 10-year-old nephew's education, "He plans to give away all his wealth," wrote Fortune's Adam Lashinsky. The Fortune story says Cook has about $120 million in Apple stock, along with restricted holdings amounting to roughly $665 million, when…
  • Arizona coach Sean Miller's $50,000 (and potentially $800,000) March Madness paydays

    Mike Sunnucks
    27 Mar 2015 | 1:25 pm
    University of Arizona Head Basketball Coach Sean Miller earned a $50,000 bonus for last night’s Sweet 16 win over Xavier in Los Angeles. He could earn $800,000 if Arizona runs the table and wins all of March Madness this season. He already has secured $75,000 worth of bonuses for progressing in the NCAA Tournament. Miller will earn another $175,000 bonus if the Wildcats beat the University of Wisconsin on Saturday. The winner goes the Final Four. The UA coach will grab a $500,000 bonus if his…
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    Energy & the Environment News - Energy News Headlines | Bizjournals.com

  • Shareholders approve $35 billion energy megadeal

    Jordan Blum
    27 Mar 2015 | 2:50 pm
    More than 98 percent of voting shareholders from both companies easily approved the $34.6 billion megadeal for Halliburton Co. (NYSE: HAL) to acquire Baker Hughes Inc. (NYSE: BHI) at special meetings on March 27. The combination of the two Houston-based oilfield services giants is not expected to close until "late in the second half" of the year after going through the federal regulatory process and the sales of some business units and assets by both companies, according to Halliburton Chairman…
  • Experts wonder if penalty for Duke Energy execs is serious or symbolic

    John Downey
    27 Mar 2015 | 2:38 pm
    Business and environmental experts say Duke Energy rightly cut the compensation for its top executives to hold them accountable for last year's coal ash spill on the Dan River. The question is whether Duke did enough. The Duke board of directors cut CEO Lynn Good’s cash incentive by $606,000 and reduced payments to other top executives because of the spill. Good’s total incentive package for 2014, which includes estimated values for stock and option grants made this year that will vest in later…
  • Mexico signs second pipeline deal to import Eagle Ford natural gas

    Sergio Chapa
    27 Mar 2015 | 2:28 pm
    Mexico's national oil company PEMEX has signed a deal with U.S.-based investment firms BlackRock and First Reserve to begin the second phase of a pipeline that will bring natural gas from the Eagle Ford shale to cities hundreds of miles south of the border. PEMEX CEO Emilio Lozoya-Austin signed the deal with representatives from both companies in Mexico City on Thursday. Under the 25-year deal, BlackRock is investing $4.6 billion and First Reserve is investing $30 million in the Los Ramones II…
  • New coal-ash suit against Duke Energy filed under seal in N.C. Business Court

    John Downey
    27 Mar 2015 | 1:44 pm
    Some Duke Energy executives and current and former board members face a new shareholder lawsuit over damage done to the company by years of coal-ash contamination in North Carolina and Virginia. It is the sixth such suit filed against the company. But this one, filed in the N.C. Business Court, has been sealed so that the complaint and other initial documents cannot be read by the public. The plaintiff in the case, a Duke (NYSE: DUK) investor in Philadelphia named Judy Mesirov and her law firm…
  • DEP sets hearing date for Shell cracker permit

    Sam Kusic
    27 Mar 2015 | 1:24 pm
    The state Department of Environmental Protection has scheduled a public hearing on whether to issue an air quality permit for Royal Dutch Shell's proposed ethane cracker plant in Beaver County. The hearing has been set for 6 to 8 p.m. May 5 at Central Valley High School, 160 Baker Road Ext., Monaca. The department will take oral testimony on the permit application. The plant will convert ethane into ethylene, and then into polyethylene. Based on the permit application, the plant would be capable…
 
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    Green News - Green News Headlines | Bizjournals.com

  • Shareholders approve $35 billion energy megadeal

    Jordan Blum
    27 Mar 2015 | 2:50 pm
    More than 98 percent of voting shareholders from both companies easily approved the $34.6 billion megadeal for Halliburton Co. (NYSE: HAL) to acquire Baker Hughes Inc. (NYSE: BHI) at special meetings on March 27. The combination of the two Houston-based oilfield services giants is not expected to close until "late in the second half" of the year after going through the federal regulatory process and the sales of some business units and assets by both companies, according to Halliburton Chairman…
  • Experts wonder if penalty for Duke Energy execs is serious or symbolic

    John Downey
    27 Mar 2015 | 2:38 pm
    Business and environmental experts say Duke Energy rightly cut the compensation for its top executives to hold them accountable for last year's coal ash spill on the Dan River. The question is whether Duke did enough. The Duke board of directors cut CEO Lynn Good’s cash incentive by $606,000 and reduced payments to other top executives because of the spill. Good’s total incentive package for 2014, which includes estimated values for stock and option grants made this year that will vest in later…
  • New coal-ash suit against Duke Energy filed under seal in N.C. Business Court

    John Downey
    27 Mar 2015 | 1:44 pm
    Some Duke Energy executives and current and former board members face a new shareholder lawsuit over damage done to the company by years of coal-ash contamination in North Carolina and Virginia. It is the sixth such suit filed against the company. But this one, filed in the N.C. Business Court, has been sealed so that the complaint and other initial documents cannot be read by the public. The plaintiff in the case, a Duke (NYSE: DUK) investor in Philadelphia named Judy Mesirov and her law firm…
  • DEP sets hearing date for Shell cracker permit

    Sam Kusic
    27 Mar 2015 | 1:24 pm
    The state Department of Environmental Protection has scheduled a public hearing on whether to issue an air quality permit for Royal Dutch Shell's proposed ethane cracker plant in Beaver County. The hearing has been set for 6 to 8 p.m. May 5 at Central Valley High School, 160 Baker Road Ext., Monaca. The department will take oral testimony on the permit application. The plant will convert ethane into ethylene, and then into polyethylene. Based on the permit application, the plant would be capable…
  • DEQ tells 800 industrial facilities to get the lead — and more — out

    Wendy Culverwell
    27 Mar 2015 | 1:19 pm
    Around 800 Oregon industrial facilities are under pressure to significantly cut the amount of lead, copper, zinc and other pollutants they release into Oregon waters. The Oregon Department of Environmental Quality, which regulates stormwater discharge, recently issued new industrial stormwater permits to 800 facilities. The new permits allow significantly lower amounts of dissolved metals and other pollutants than the ones they replace. The new benchmarks are part of an agreement with the Northwest…
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    Health Care News - Health Care News Headlines | Bizjournals.com

  • $273M: 'Twin Toaster' towers sale is biggest of 2015 so far

    Marc Stiles
    27 Mar 2015 | 4:11 pm
    The Metropolitan Park East and West office buildings in downtown Seattle have sold for just over $272.8 million, according to public records. That's 30 percent more than what the office campus – known locally as the "Twin Toasters" for their shiny exteriors and boxy shapes – sold for less than three years ago. The price is the highest paid for a real estate asset so far this year in King County. Documents that King County recorded on Friday show that CBRE Global Investors of Los Angeles bought…
  • Boston Globe: Liberty Mutual identifies Plano as one of six U.S. call center sites

    Candace Carlisle
    27 Mar 2015 | 3:00 pm
    The speculation of Liberty Mutual's expansion in Dallas-Fort Worth could be over as the Boston Globe reports that Boston-based Liberty Mutual Insurance plans to put one of its six national call centers in Plano. This could be the first official confirmation of rumors that have been circulating in the North Texas real estate community. Word on the street: Liberty Mutual plans to lease, or own, a nearly million-square-foot service center in a campus-like setting in a project that could bring 4,000…
  • Sutter Health improves its operating margin, reports less demand for charity care

    Kathy Robertson
    27 Mar 2015 | 2:53 pm
    Sutter Health swung to a healthy operating surplus in 2014, according to a new financial report released Friday. The nonprofit Sacramento-based health system reported operating income of $419 million, up from a loss of $22 million in 2013. Sutter’s total revenue rose 5.3 percent to $10.16 billion. The company reported net income of $402 million, up 34 percent from $300 million in 2013. These figures translate to a profit margin of 4 percent in 2014 versus 3.1 percent in 2013. The improvement…
  • Poll: Support for legalizing marijuana in California at record level

    Allen Young
    27 Mar 2015 | 2:46 pm
    Fifty-three percent of Californians told pollsters this month that marijuana should be legal, a record level of support since the Public Policy Institute of California began asking the question in 2010. According to a poll released this week, 45 percent of adults said the drug should remain illegal. Among likely voters, 55 percent favored legalization and 43 percent do not. A ballot measure to legalize marijuana is expected in 2016. This week, pro-pot gubernatorial candidate Gavin Newsom released…
  • Sutter Health's profit makes a healthy jump

    Chris Rauber
    27 Mar 2015 | 2:36 pm
    Sutter Health, a Sacramento-based nonprofit battling a reputation for high costs, said its net income jumped 34 percent last year to $402 million, while revenue topped $10.1 billion. The prior year, Sutter posted a $300 million profit on $9.65 billion in revenue. Operational results improved significantly, producing $419 million in operating profit last year, compared to a $22 million loss in 2013 — its only such loss since 1999. Some improvement likely came from workforce reductions. Sutter's…
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    Human Resources News - Human Resources News Headlines | Bizjournals.com

  • Kleiner Perkins wins partial verdict in Ellen Pao gender discrimination suit

    Cromwell Schubarth
    27 Mar 2015 | 3:43 pm
    A jury ruled Friday that Menlo Park venture capital firm Kleiner Perkins Caufield & Byers didn't discriminate against a former junior partner, Ellen Pao. But there weren't enough votes to settle a separate claim that the firm retaliated against Pao for complaining about gender bias. An 8-4 majority said the firm did not retaliate against her, which Judge Harold Kahn ruled isn't enough for a verdict so he sent the jury back to deliberate more on that issue. The six-man, six-woman jury delivered…
  • Boston Globe: Liberty Mutual identifies Plano as one of six U.S. call center sites

    Candace Carlisle
    27 Mar 2015 | 3:00 pm
    The speculation of Liberty Mutual's expansion in Dallas-Fort Worth could be over as the Boston Globe reports that Boston-based Liberty Mutual Insurance plans to put one of its six national call centers in Plano. This could be the first official confirmation of rumors that have been circulating in the North Texas real estate community. Word on the street: Liberty Mutual plans to lease, or own, a nearly million-square-foot service center in a campus-like setting in a project that could bring 4,000…
  • Contempt of court motion filed in Dunkel divorce over millions in Kforce stock

    Alexis Muellner
    27 Mar 2015 | 2:54 pm
    Kforce CEO David Dunkel is no longer married to his ex-wife, but that isn’t stopping some high stakes maneuvering in court. At play, the remainder of the 682,115 shares of Kforce (Nasdaq: KFRC) stock, more than $7 million worth, that wasn’t included when the CEO transferred 361,263 of the stock worth $8.2 million to his former wife, now known as Maureen Daly. The CEO has yet to turn over more than $1 million in cash, also part of the February court order. The stock he did transfer was large…
  • U.S. Steel starts layoffs of up to 1,500 workers in Fairfield

    Ryan Phillips
    27 Mar 2015 | 2:53 pm
    U.S. Steel confirmed Friday that the time period warning employees they would be laid off earlier this year has ended and now layoffs will begin. Sarah Cassella, a public affairs representative for U.S. Steel Corp. in Pittsburgh, told the BBJ that the federal WARN notices were sent out in January, and the time limit has run out. This could mean as many as 1,214 workers laid off from the company's flat roll facility, along with 386 at the tubular facility. One U.S. Steel worker, who asked to remain…
  • Shareholders approve $35 billion energy megadeal

    Jordan Blum
    27 Mar 2015 | 2:50 pm
    More than 98 percent of voting shareholders from both companies easily approved the $34.6 billion megadeal for Halliburton Co. (NYSE: HAL) to acquire Baker Hughes Inc. (NYSE: BHI) at special meetings on March 27. The combination of the two Houston-based oilfield services giants is not expected to close until "late in the second half" of the year after going through the federal regulatory process and the sales of some business units and assets by both companies, according to Halliburton Chairman…
 
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    Insurance News - Insurance News Headlines | Bizjournals.com

  • Boston Globe: Liberty Mutual identifies Plano as one of six U.S. call center sites

    Candace Carlisle
    27 Mar 2015 | 3:00 pm
    The speculation of Liberty Mutual's expansion in Dallas-Fort Worth could be over as the Boston Globe reports that Boston-based Liberty Mutual Insurance plans to put one of its six national call centers in Plano. This could be the first official confirmation of rumors that have been circulating in the North Texas real estate community. Word on the street: Liberty Mutual plans to lease, or own, a nearly million-square-foot service center in a campus-like setting in a project that could bring 4,000…
  • Sutter Health improves its operating margin, reports less demand for charity care

    Kathy Robertson
    27 Mar 2015 | 2:53 pm
    Sutter Health swung to a healthy operating surplus in 2014, according to a new financial report released Friday. The nonprofit Sacramento-based health system reported operating income of $419 million, up from a loss of $22 million in 2013. Sutter’s total revenue rose 5.3 percent to $10.16 billion. The company reported net income of $402 million, up 34 percent from $300 million in 2013. These figures translate to a profit margin of 4 percent in 2014 versus 3.1 percent in 2013. The improvement…
  • Sutter Health's profit makes a healthy jump

    Chris Rauber
    27 Mar 2015 | 2:36 pm
    Sutter Health, a Sacramento-based nonprofit battling a reputation for high costs, said its net income jumped 34 percent last year to $402 million, while revenue topped $10.1 billion. The prior year, Sutter posted a $300 million profit on $9.65 billion in revenue. Operational results improved significantly, producing $419 million in operating profit last year, compared to a $22 million loss in 2013 — its only such loss since 1999. Some improvement likely came from workforce reductions. Sutter's…
  • Strategies: How you can cash in on cash balance retirement plans

    Paula Hendrickson
    27 Mar 2015 | 2:27 pm
    Successful professionals and business owners worry about retirement savings, just like everyone else these days. Do they have enough socked away? Could taxes, inflation and healthcare costs rise and nibble away at their savings? What about new regulations and legislation? That’s why many high-earners are increasingly turning to little-known cash balance defined benefit plans, which are similar to old-fashioned pensions but have some 401(k) twists. These plans allow business owners to save up…
  • Premera breach: Are hackers targeting more health records as credit card companies improve security?

    Annie Zak
    27 Mar 2015 | 2:00 pm
    Could the recent cyber attack on massive Puget Sound-area health insurance company Premera Blue Cross be a warning sign of more attacks on health care companies in the future? Well, yes and no. Some argue that as U.S. retailers strengthen their systems against credit and debit card fraud this year, hackers will shift their focus to health care companies. Those companies hold not just financial information but also loads of highly personal medical information that might facilitate even more sophisticated…
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    Legal Services News - Legal Services News Headlines | Bizjournals.com

  • Kleiner Perkins wins partial verdict in Ellen Pao gender discrimination suit

    Cromwell Schubarth
    27 Mar 2015 | 3:43 pm
    A jury ruled Friday that Menlo Park venture capital firm Kleiner Perkins Caufield & Byers didn't discriminate against a former junior partner, Ellen Pao. But there weren't enough votes to settle a separate claim that the firm retaliated against Pao for complaining about gender bias. An 8-4 majority said the firm did not retaliate against her, which Judge Harold Kahn ruled isn't enough for a verdict so he sent the jury back to deliberate more on that issue. The six-man, six-woman jury delivered…
  • Contempt of court motion filed in Dunkel divorce over millions in Kforce stock

    Alexis Muellner
    27 Mar 2015 | 2:54 pm
    Kforce CEO David Dunkel is no longer married to his ex-wife, but that isn’t stopping some high stakes maneuvering in court. At play, the remainder of the 682,115 shares of Kforce (Nasdaq: KFRC) stock, more than $7 million worth, that wasn’t included when the CEO transferred 361,263 of the stock worth $8.2 million to his former wife, now known as Maureen Daly. The CEO has yet to turn over more than $1 million in cash, also part of the February court order. The stock he did transfer was large…
  • Kleiner Perkins wins partial verdict, jury resumes deliberations on Ellen Pao retaliation claims (updated)

    Cromwell Schubarth
    27 Mar 2015 | 2:25 pm
    A jury ruled Friday that Menlo Park venture capital firm Kleiner Perkins Caufield & Byers didn't discriminate against a former junior partner, Ellen Pao. But an 8-4 majority verdict against the allegation that the firm retaliated against Pao wasn't enough for Judge Harold Kahn, who sent the jury back to deliberate more on that issue. The jury delivered its verdict to a packed courtroom in San Francisco shortly after 2 p.m. The five-week trial in San Francisco captivated founders and funders in…
  • Kleiner Perkins wins partial verdict, jury resumes deliberations on retaliation (Correction)

    Cromwell Schubarth
    27 Mar 2015 | 2:23 pm
    A jury ruled Friday that Menlo Park venture capital firm Kleiner Perkins Caufield & Byers didn't discriminate against a former junior partner, Ellen Pao. But there weren't enough votes to settle a separate claim that the firm retaliated against Pao for complaining about gender bias. An 8-4 majority said the firm did not retaliate against her, which Judge Harold Kahn ruled isn't enough for a verdict so he sent the jury back to deliberate more on that issue. The six-man, six-woman jury delivered…
  • Twitter case may have bigger impact than Kleiner sexism lawsuit

    Cromwell Schubarth
    27 Mar 2015 | 2:00 pm
    The media camped out at a San Francisco courtoom on Thursday in case there was a quick jury decision in Ellen Pao's multimillion-dollar sexism lawsuit against Kleiner Perkins Caufield & Byers. But a lawsuit filed in the past week against Twitter could have a bigger impact on Silicon Valley tech employers, lawyers say. Pao could win as much as $140 million if the jury decides that she was discriminated against because of her gender and retaliated against for complaining. A decision against Kleiner…
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    Logistics & Transportation News - Logistics & Transportation News Headlines | Bizjournals.com

  • Audit: N.C. DOT failed to check asphalt and concrete for safety

    Jason deBruyn
    27 Mar 2015 | 2:23 pm
    The N.C. Department of Transportation did not have the proper controls in place to properly test asphalt and concrete used in projects that were funded by the Highway Planning and Construction cluster grant, according to an audit released Friday from the office of State Auditor Beth Wood. “As a result, the Department failed to determine that materials used in federally funded highway projects met minimum safety and durability requirements,” the audit reads. It was conducted in 3,783 hours at…
  • Boeing parks two American Airlines 787s in desert as it waits on delayed seat delivery

    Steve Wilhelm
    27 Mar 2015 | 2:13 pm
    Boeing is reluctantly storing two new 787 Dreamliners in the California desert as it waits for French seat maker Zodiac Aerospace to catch up with delivery of its high-end seats. Seat shortages have been a recurring problem for Boeing's 787 production. The two jets were set to be delivered to American Airlines (Nasdaq: AAL) late last year. American CEO Doug Parker expressed frustration in a recent speech to the U.S. Chamber of Commerce, according to Bloomberg News. “It’s slow, it’s a real…
  • Moody's downgrades Metro transit bonds

    Michael Neibauer
    27 Mar 2015 | 1:49 pm
    Citing its poor handling of federal grants and the restrictions placed on its spending as a result, Moody’s Investors Service said Friday it has downgraded the Washington Metropolitan Transit Authority’s transit bonds, while revising Metro’s outlook from stable to negative. “The downgrade reflects a ramp-up by WMATA of short-term debt as a tool to bridge restrictions on its receipt of federal funds, the result of findings from a Federal Transit Administration audit of the Authority’s grant’s…
  • Proposed route change would run streetcar through Jazz in the Park, Bastille Days

    Sean Ryan
    27 Mar 2015 | 12:45 pm
    Seeking to save significant money on construction costs, the city is considering a new route for the streetcar that has created a concern for events such has Jazz in the Park held in Cathedral Square Park. The city’s current plan would run the streetcar east and west on Wells Street between Broadway and Jackson Street. But there are a lot of underground utilities below Wells Street that would be costly to move for the streetcar. So Milwaukee engineers are considering an alternative to move the…
  • RDU CEO: We need money to maintain the airport

    Sougata Mukherjee
    27 Mar 2015 | 12:00 pm
    Raleigh-Durham International Airport – a facility that has played a big role in the Triangle’s growth – has a financial problem. It does not have enough money to maintain the $1.5 billion in assets it has amassed with the construction of Terminal 2, redevelopment of Terminal 1 and other ancillary services in and around the airport. So, RDU CEO Michael Landguth is seeking help from the federal government to open up the revenue stream for the airport. Landguth is not alone. Hundreds of airport…
 
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    Manufacturing News - Manufacturing News Headlines | Bizjournals.com

  • A look back at All Nippon Airways' 12-year turbulent relationship with Boeing's Dreamliner

    Steve Wilhelm
    27 Mar 2015 | 2:51 pm
    All Nippon Airways, the airline that more than any other has been wedded to Boeing’s 787 Dreamliner, renewed its vows on Friday. By finalizing an order for three 787-10s, the largest of the three 787 models, All Nippon cemented its commitment to the Dreamliner, and will become the first Asian airline to operate all three models of the plane. United Airlines and British Airways also have ordered all three models. All Nippon operates 34 Dreamliners, the largest fleet of 787s in the world, and so…
  • Counting raindrops and courting Warren Buffett — all in a day's work for Bellevue couple

    Marc Stiles
    27 Mar 2015 | 2:24 pm
    A Bellevue family made a big bet several years ago when it paid $8.5 million for a slice of a former sand-and-gravel pit in Everett and started making plans to build a big warehouse. Despite some anxious times for the husband – David Gartland, an engineer who spent rainy nights thinking about how much water was falling on his 25 acres of dirt – it has turned out OK so far. He and his wife, Shannon Underwood, and their real estate brokers from the Broderick Group have have found tenants for most…
  • Boeing parks two American Airlines 787s in desert as it waits on delayed seat delivery

    Steve Wilhelm
    27 Mar 2015 | 2:13 pm
    Boeing is reluctantly storing two new 787 Dreamliners in the California desert as it waits for French seat maker Zodiac Aerospace to catch up with delivery of its high-end seats. Seat shortages have been a recurring problem for Boeing's 787 production. The two jets were set to be delivered to American Airlines (Nasdaq: AAL) late last year. American CEO Doug Parker expressed frustration in a recent speech to the U.S. Chamber of Commerce, according to Bloomberg News. “It’s slow, it’s a real…
  • DEP sets hearing date for Shell cracker permit

    Sam Kusic
    27 Mar 2015 | 1:24 pm
    The state Department of Environmental Protection has scheduled a public hearing on whether to issue an air quality permit for Royal Dutch Shell's proposed ethane cracker plant in Beaver County. The hearing has been set for 6 to 8 p.m. May 5 at Central Valley High School, 160 Baker Road Ext., Monaca. The department will take oral testimony on the permit application. The plant will convert ethane into ethylene, and then into polyethylene. Based on the permit application, the plant would be capable…
  • DEQ tells 800 industrial facilities to get the lead — and more — out

    Wendy Culverwell
    27 Mar 2015 | 1:19 pm
    Around 800 Oregon industrial facilities are under pressure to significantly cut the amount of lead, copper, zinc and other pollutants they release into Oregon waters. The Oregon Department of Environmental Quality, which regulates stormwater discharge, recently issued new industrial stormwater permits to 800 facilities. The new permits allow significantly lower amounts of dissolved metals and other pollutants than the ones they replace. The new benchmarks are part of an agreement with the Northwest…
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    Media & Marketing News - Media & Marketing News Headlines | Bizjournals.com

  • Flick picks: Will Ferrell and Ben Stiller are men at a crossroads in ‘Get Hard,’ ‘While We’re Young’

    Annlee Ellingson
    27 Mar 2015 | 2:59 pm
    The pratfalls and pitfalls of trying to be something you’re not are on display in two new releases this week. For Will Ferrell, it’s “Hard.” For Ben Stiller, it’s “Young.” But whereas “Get Hard” grapples (to varying degrees success) with broad issues like race and class and homosexuality, “While We’re Young” wrestles with a myriad more nuanced themes: aging and ambition and art. Directed by Etan Cohen — the screenwriter behind satires “Tropic Thunder” and “Idiocracy”…
  • Sneak peek at the first-ever Aloft hotel conversion in Sunnyvale

    Nathan Donato-Weinstein
    27 Mar 2015 | 2:53 pm
    When hotel developer Shashi Group first considered buying the old Pacific Inn in Sunnyvale, the original thought was to rehabilitate it and operate it as a boutique property. Then Brian McGuinness, who heads up Starwood's select service properties, took a tour of the asset while in town. (Shashi developed the Aloft Cupertino, rumored to be the most successful in the brand's portfolio.) "He said 'Yeah, let's do it,'" said Alex Stanford, VP of design and construction for Shashi Group, on a recent…
  • Someburros rebrands to take on Chipotle, other competitors

    Brandon Brown
    27 Mar 2015 | 2:35 pm
    The last time Tempe-based Mexican chain Someburros changed its logo and branding over a decade ago, competitors such as Chipolte Mexican Grill (NYSE: CMG) did not have strong footing in the market. But recently the restaurant, which has six locations, went through a complete rebranding to look a little more up-to-date and take on the growing dominance of the Denver-based burrito maker. “We also wanted to make sure we stay current with the times and stay relevant,” said Tim Vasquez, Someburros…
  • 'Strive to do something that feeds your soul, not your pocketbook' and other advice from women business leaders

    Becky Monk
    27 Mar 2015 | 2:32 pm
    On Monday, March 30, nearly 300 people are expected to attend Mentoring Monday, a Business Journal event at the Renaissance Seattle Hotel. At the sold-out event, which will be happening simultaneously in 43 cities across the country where the PSBJ's parent company, American City Business Journals, have operations, the attendees will be able to ask 42 of the region's top women executives for career advice. We asked some of the business leaders who agreed to be mentors what advice they would have…
  • Kleiner Perkins wins partial verdict, jury resumes deliberations on Ellen Pao retaliation claims (updated)

    Cromwell Schubarth
    27 Mar 2015 | 2:25 pm
    A jury ruled Friday that Menlo Park venture capital firm Kleiner Perkins Caufield & Byers didn't discriminate against a former junior partner, Ellen Pao. But an 8-4 majority verdict against the allegation that the firm retaliated against Pao wasn't enough for Judge Harold Kahn, who sent the jury back to deliberate more on that issue. The jury delivered its verdict to a packed courtroom in San Francisco shortly after 2 p.m. The five-week trial in San Francisco captivated founders and funders in…
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    Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com

  • DeVry University leases in Edenvale

    Nathan Donato-Weinstein
    27 Mar 2015 | 3:03 pm
    Equinix's big land acquisition this week isn't the only recent real estate activity in Edenvale. DeVry Education Group Inc. recently leased 48,802 square feet at 5883 Rue Ferrari, a building in the Edenvale Business Park. The company, which operates the Carrington College network of for-profit private colleges, was already in the neighborhood at 6201 San Ignacio. The new lease is not a major size increase, but allows the school to have newer, updated facilities and more parking, said Patty Steele,…
  • Counting raindrops and courting Warren Buffett — all in a day's work for Bellevue couple

    Marc Stiles
    27 Mar 2015 | 2:24 pm
    A Bellevue family made a big bet several years ago when it paid $8.5 million for a slice of a former sand-and-gravel pit in Everett and started making plans to build a big warehouse. Despite some anxious times for the husband – David Gartland, an engineer who spent rainy nights thinking about how much water was falling on his 25 acres of dirt – it has turned out OK so far. He and his wife, Shannon Underwood, and their real estate brokers from the Broderick Group have have found tenants for most…
  • Another sign that senior housing market is hot: Oakmont at Folsom sold less than a year after opening

    Ben van der Meer
    27 Mar 2015 | 2:12 pm
    A senior housing community in Folsom has sold as part of a portfolio deal. Oakmont of Folsom, a 66-unit community, sold along with another Oakmont-branded property in Southern California to Health Care REIT Inc. Greystone Real Estate Advisors, based in New York City, advised the deal. Sales prices for the two properties weren’t disclosed, though Oakmont’s Folsom property opened just last fall. Santa Rosa-based Oakmont Senior Living pushed ahead on construction of that and another senior housing…
  • Starbucks gives $500,000 to help expand Pike Place Market

    Rachel Lerman
    27 Mar 2015 | 1:16 pm
    Starbucks CEO Howard Schultz often talks about the first time he walked into a Starbucks store in Seattle’s historic Pike Place Market. The Starbucks brand has always been closely tied to Seattle’s public market, and now the company is throwing its weight behind the market’s future. Starbucks (Nasdaq: SBUX) announced Friday it would donate $500,000 to fund the market’s big expansion plans. That’s the biggest single contribution the Pike Place Market Foundation has raised so far toward…
  • Lawyers on the Move: Robert "Bob" Schumaker

    27 Mar 2015 | 1:11 pm
    Robert "Bob" Schumaker Sept. 1, 2014 New hire Employer: GrayRobinson Position: Of counsel Summary: Schumaker joins the firm's real estate practice with more than 30 years of experience in the industry. Schumaker has represented numerous developers and owners in the Tampa Bay area, and throughout Florida, in the acquisition, sale, assemblage, documentation and negotiation of their property. This is part of the Lawyers & CPAs on the Move section featuring new hires and promotions in 2014.
 
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    Retailing & Restaurants News - Retailing & Restaurants News Headlines | Bizjournals.com

  • Ala Moana restaurant Manichi Ramen to serve alcohol by this summer

    Lorin Eleni Gill
    27 Mar 2015 | 3:09 pm
    Manichi Ramen restaurant has applied for a liquor license and expects to serve beer and shochu by the end of May, CEO Masayuki Ide confirmed Friday. The Japanese ramen shop, also known as Ramen Man-Ichi, opened in October in the old Ramen Kai spot on Kona Street across from Ala Moana Center. The 1,000 square-foot restaurant currently uses a BYOB policy. Ide said the restaurant specializes in tonkotsu ramen, a dense pork broth which hails from Kurume, Japan. Manichi Ramen is owned by Manichi Asisupo…
  • PHX Food Fight: Pizzeria Bianco dominates; Barrio Cafe, Los Dos Molinos nurse slim leads

    Tim Gallen
    27 Mar 2015 | 2:51 pm
    If one thing is clear after two days of our Phoenix Food Fight it's that people love Pizzeria Bianco. Of course, drawing Bianco in the first round likely would have been a tough matchup for anyone. Love it or hate it, Chris Bianco's pies are renowned here in Phoenix and nationally. Beyond the dominance of Pizzeria Bianco, there remains some heated competition across our four Food Fight categories as we head into the weekend. Barrio Cafe and La Grande Orange continue to trade leads in the casual…
  • ​Ikea begins demolition work on Burbank store

    27 Mar 2015 | 2:40 pm
    Swedish home furnishings retailer Ikea has begun razing the site of its planned Burbank store that will become its largest U.S. store. The company, which received approval for the construction from the Burbank City Council earlier this month, plans to move its current 242,000-square-foot Burbank store to the new location less than one mile away at 805 S. San Fernando Blvd. The new 456,000-square-foot store will be built on 22 acres and have more than 1,700 parking spaces. The store is slated to…
  • Someburros rebrands to take on Chipotle, other competitors

    Brandon Brown
    27 Mar 2015 | 2:35 pm
    The last time Tempe-based Mexican chain Someburros changed its logo and branding over a decade ago, competitors such as Chipolte Mexican Grill (NYSE: CMG) did not have strong footing in the market. But recently the restaurant, which has six locations, went through a complete rebranding to look a little more up-to-date and take on the growing dominance of the Denver-based burrito maker. “We also wanted to make sure we stay current with the times and stay relevant,” said Tim Vasquez, Someburros…
  • Georgia House favors turtles, local control

    Dave Williams
    27 Mar 2015 | 2:10 pm
    An alliance of environmental advocates and supporters of local control in the Georgia House of Representatives rejected legislation Friday that would have prohibited local governments from banning plastic bags. The state Senate passed the bill 32-19 last month to try to head off an effort by city officials in Tybee Island to ban plastic bags from grocery stores, restaurants and other retail businesses. Besides concerns over litter along beaches frequented by tourists, Tybee Island officials cited…
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    Sports Business News - Sports Business News Headlines | Bizjournals.com

  • Hacking Weekend Sports: Warriors clinch Pacific, take win streak on road

    Philip Beadle
    27 Mar 2015 | 3:09 pm
    It’s no surprise that the Golden State Warriors were the first team to tie up their division, winning the Pacific Division Championship for the first time since 1976. It’s been a record season for the Warriors, and the team has a chance to not just extend its current seven-game winning streak tonight, but also to tie its franchise record for season wins tonight in Memphis. It’s about time to see how much pride the San Jose Sharks have. Not playing for a playoff spot anymore, pride is pretty…
  • Kriseman proposes new agreement with Rays to search for stadium sites in Hillsborough, Pinellas

    Ashley Gurbal Kritzer
    27 Mar 2015 | 2:50 pm
    St. Petersburg Mayor Rick Kriseman is taking another crack at reaching an agreement that will allow the Tampa Bay Rays to search Pinellas and Hillsborough counties for a site for a new Major League Baseball stadium. Kriseman on Friday submitted a new agreement to the St. Petersburg City Council, which voted down the memorandum of understanding he proposed with the team in early December. The new proposal has two key differences: If city council accepts the agreement, the Rays will provide the…
  • Arizona coach Sean Miller's $50,000 (and potentially $800,000) March Madness paydays

    Mike Sunnucks
    27 Mar 2015 | 1:25 pm
    University of Arizona Head Basketball Coach Sean Miller earned a $50,000 bonus for last night’s Sweet 16 win over Xavier in Los Angeles. He could earn $800,000 if Arizona runs the table and wins all of March Madness this season. He already has secured $75,000 worth of bonuses for progressing in the NCAA Tournament. Miller will earn another $175,000 bonus if the Wildcats beat the University of Wisconsin on Saturday. The winner goes the Final Four. The UA coach will grab a $500,000 bonus if his…
  • GSD&M follows up Southwest Airlines 'Wedding' spot

    Lewis Lazare
    27 Mar 2015 | 1:08 pm
    Adland, in many ways, mimics the movies. If a particularly distinctive TV spot clicks with consumers, you better believe there's going to be a sequel of some sort. Indeed that is what has just happened with one of Southwest Airlines' (NYSE: LUV) most popular TV commercials of recent vintage — a "Four Weddings" spot by Austin-based ad house GSD&M that debuted last fall during the National Football League season, of which Southwest is a major sponsor. That first spot featured an especially energetic…
  • Fans welcome Shockers home from NCAA Tournament after Sweet 16 loss

    Josh Heck
    27 Mar 2015 | 12:46 pm
    Though the return to Wichita was sooner than the Shocker faithful had hoped, the men’s basketball team was treated to a hero’s welcome Friday afternoon at Charles Koch Arena. Dozens of Shocker fans and Wichita State University students gathered outside the arena to welcome the team home after its Sweet 16 trip to Cleveland. The Shockers lost to Notre Dame Thursday, 81-70, and the pain of the loss was still evident on players’ faces. Still, those in attendance cheered and thanked the team…
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    Technology News - Technology News Headlines | Bizjournals.com

  • $273M: 'Twin Toaster' towers sale is biggest of 2015 so far

    Marc Stiles
    27 Mar 2015 | 4:11 pm
    The Metropolitan Park East and West office buildings in downtown Seattle have sold for just over $272.8 million, according to public records. That's 30 percent more than what the office campus – known locally as the "Twin Toasters" for their shiny exteriors and boxy shapes – sold for less than three years ago. The price is the highest paid for a real estate asset so far this year in King County. Documents that King County recorded on Friday show that CBRE Global Investors of Los Angeles bought…
  • Kleiner Perkins wins partial verdict in Ellen Pao gender discrimination suit

    Cromwell Schubarth
    27 Mar 2015 | 3:43 pm
    A jury ruled Friday that Menlo Park venture capital firm Kleiner Perkins Caufield & Byers didn't discriminate against a former junior partner, Ellen Pao. But there weren't enough votes to settle a separate claim that the firm retaliated against Pao for complaining about gender bias. An 8-4 majority said the firm did not retaliate against her, which Judge Harold Kahn ruled isn't enough for a verdict so he sent the jury back to deliberate more on that issue. The six-man, six-woman jury delivered…
  • DeVry University leases in Edenvale

    Nathan Donato-Weinstein
    27 Mar 2015 | 3:03 pm
    Equinix's big land acquisition this week isn't the only recent real estate activity in Edenvale. DeVry Education Group Inc. recently leased 48,802 square feet at 5883 Rue Ferrari, a building in the Edenvale Business Park. The company, which operates the Carrington College network of for-profit private colleges, was already in the neighborhood at 6201 San Ignacio. The new lease is not a major size increase, but allows the school to have newer, updated facilities and more parking, said Patty Steele,…
  • Boston Globe: Liberty Mutual identifies Plano as one of six U.S. call center sites

    Candace Carlisle
    27 Mar 2015 | 3:00 pm
    The speculation of Liberty Mutual's expansion in Dallas-Fort Worth could be over as the Boston Globe reports that Boston-based Liberty Mutual Insurance plans to put one of its six national call centers in Plano. This could be the first official confirmation of rumors that have been circulating in the North Texas real estate community. Word on the street: Liberty Mutual plans to lease, or own, a nearly million-square-foot service center in a campus-like setting in a project that could bring 4,000…
  • Sneak peek at the first-ever Aloft hotel conversion in Sunnyvale

    Nathan Donato-Weinstein
    27 Mar 2015 | 2:53 pm
    When hotel developer Shashi Group first considered buying the old Pacific Inn in Sunnyvale, the original thought was to rehabilitate it and operate it as a boutique property. Then Brian McGuinness, who heads up Starwood's select service properties, took a tour of the asset while in town. (Shashi developed the Aloft Cupertino, rumored to be the most successful in the brand's portfolio.) "He said 'Yeah, let's do it,'" said Alex Stanford, VP of design and construction for Shashi Group, on a recent…
 
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    Travel Business News - Travel Business News Headlines | Bizjournals.com

  • Boeing parks two American Airlines 787s in desert as it waits on delayed seat delivery

    Steve Wilhelm
    27 Mar 2015 | 2:13 pm
    Boeing is reluctantly storing two new 787 Dreamliners in the California desert as it waits for French seat maker Zodiac Aerospace to catch up with delivery of its high-end seats. Seat shortages have been a recurring problem for Boeing's 787 production. The two jets were set to be delivered to American Airlines (Nasdaq: AAL) late last year. American CEO Doug Parker expressed frustration in a recent speech to the U.S. Chamber of Commerce, according to Bloomberg News. “It’s slow, it’s a real…
  • GSD&M follows up Southwest Airlines 'Wedding' spot

    Lewis Lazare
    27 Mar 2015 | 1:08 pm
    Adland, in many ways, mimics the movies. If a particularly distinctive TV spot clicks with consumers, you better believe there's going to be a sequel of some sort. Indeed that is what has just happened with one of Southwest Airlines' (NYSE: LUV) most popular TV commercials of recent vintage — a "Four Weddings" spot by Austin-based ad house GSD&M that debuted last fall during the National Football League season, of which Southwest is a major sponsor. That first spot featured an especially energetic…
  • U.S. DOT lets Delta continue service between Seattle and Tokyo’s Haneda Airport

    27 Mar 2015 | 1:07 pm
    Delta Air Lines Inc. on Friday applauded the U.S. Department of Transportation’s ruling to allow the Atlanta-based airline to continue service between Seattle and Haneda Airport in Tokyo. However, the decision also makes Delta subject to additional conditions designed to ensure it maintains a daily service in the Seattle market year-round. “After an extensive review, the DOT concluded that Delta’s Seattle-Haneda service provides the best public use of the available slot pair between the U.S.…
  • Boeing finalizes order with ANA for 787-10s

    Bill Wilson
    27 Mar 2015 | 12:30 pm
    The Boeing Co. announced Friday that it has finalized an order with All Nippon Airways for three of its largest Dreamliner aircraft, the 787-10. The deal is worth around $900 million at list prices. Boeing (NYSE: BA) said in a press release that ANA — launch customer for the 787 and the carrier with the largest 787 fleet in operation — becomes the first Asian airline to have all three models of the Dreamliner, the -8, -9 and -10. The order will also mean work for Spirit AeroSystems Inc. (NYSE:SPR)…
  • RDU CEO: We need money to maintain the airport

    Sougata Mukherjee
    27 Mar 2015 | 12:00 pm
    Raleigh-Durham International Airport – a facility that has played a big role in the Triangle’s growth – has a financial problem. It does not have enough money to maintain the $1.5 billion in assets it has amassed with the construction of Terminal 2, redevelopment of Terminal 1 and other ancillary services in and around the airport. So, RDU CEO Michael Landguth is seeking help from the federal government to open up the revenue stream for the airport. Landguth is not alone. Hundreds of airport…
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  • Online service that matches tenants with office space expands to Denver

    Caitlin Hendee
    27 Mar 2015 | 1:54 pm
    Minneapolis-based Crelow has launched its online service that matches businesses with office space in Denver. Previously only available in the Minneapolis market, Crelow.com works by having prospective tenants select their desired office space features, such as square-footage, kitchen space, even whether pets are allowed, as well as their company culture. Crelow then conveys the details to the commercial real estate market and calls for bids without needing a broker. "Like many other industries,…
  • Kiva City Pittsburgh confirms first-year loan tally

    Patty Tascarella
    27 Mar 2015 | 8:58 am
    Kiva City Pittsburgh on Friday said it brought $343,475 in capital to Pittsburgh businesses and entrepreneurs through 74 fully-funded micro loans. The initiative by San Francisco-based nonprofit Kiva.org launched locally on March 27, 2014. Kiva City Pittsburgh brings crowd funded micro loans — where multiple individuals contribute toward the total — to entrepreneurs who own a small business or need capital to start one in the Pittsburgh region. It is supported by a coalition of local nonprofits,…
  • HBJ asked: What’s the biggest challenge you face in Houston?

    Natalie Harms
    27 Mar 2015 | 6:54 am
    Houston is huge — and only expected to grow more in population, as is the rest of the state. The city is known for its own set of challenges caused by its expanding population: urban sprawl, traffic and, of course, a competitive home market. Homebuyers can be picky, and Realtors are expected to cater to the wants and needs of their clients while battling the lack of inventory and competition within the industry. The Houston Business Journal took the opportunity to ask its Residential Real Estate…
  • HBJ asked: How is your industry changing?

    Natalie Harms
    27 Mar 2015 | 6:48 am
    The evolution of new technology has kept every industry on its toes -- especially residential real estate. Realtors who used to rely on bench ads are now encouraged to tweet to their potential clients, and a sign on the lawn of an open house will not suffice a successful event any more. Now, homebuyers have access to tons of information on the screens they store in their pockets. These educated homebuyers are changing the real estate game -- for better or for worse. HBJ asked this year's top realtors…
  • HBJ asked: Do you think people are still likely to relocate to Houston with the dip in oil prices?

    Natalie Harms
    27 Mar 2015 | 6:45 am
    The oil and gas industry inarguably seeps and permeates into the rest of the city in one way or another. Currently, Houston is enduring an oil slump as the price per barrel has slipped and hasn't risen significantly to restore balance to the industry, and companies are cutting jobs-- even in the C-suite. The effects of the slump on the residential real estate industry has been hotly debated, with opinions conflicting over whether the city is diversified enough economically to stay afloat. HBJ took…
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    Albany Business News - Local Albany News | Business Review of Albany

  • Berkshire Hathaway realty CEO outlines vision for Albany-area agents

    Michael DeMasi
    27 Mar 2015 | 12:01 pm
    After 30 years in the industry, Gino Blefari no longer tells people he works in real estate. "Now I say I work for Berkshire Hathaway HomeServices," said Blefari, chief executive officer. "There's that sense of pride for me." The Berkshire Hathaway name -- and its link to the world's second-richest man, Warren Buffet -- carries significant prestige as a business brand. Blefari was at the Glen Sanders Mansion in Scotia, New York today talking to a large group of agents and brokers who became part…
  • Chuck Schumer likely successor to U.S. Senate Minority Leader Harry Reid

    27 Mar 2015 | 11:18 am
    New York's senior Senator Chuck Schumer is emerging as the likely successor to retiring Senate Minority Leader Harry Reid. Reid, who has announced plans to retire, on Friday endorsed Schumer to be his replacement, according to a report by the Washington Post. Schumer, a Harvard Law school graduate, has served in the Senate since 1998 after defeating longtime Republican Al D'Amato. Schumer currently serves as vice chair of the Democratic conference in the U.S. Senate, the No. 3 position among Senate…
  • Downtown Schenectady fire scene could take year to redevelop

    Michael DeMasi
    27 Mar 2015 | 10:51 am
    The mayor of Schenectady, New York estimates it will be at least a year before the city will see redevelopment of property across from City Hall where a massive, deadly fire destroyed two buildings. "I really have no idea how far down the road it will be," Mayor Gary McCarthy said today. "At least a year." Crews from Jackson Demolition today continued to remove twisted metal, bricks, and other debris from the site at 100-102 and 104 Jay St. where the buildings caught fire in the early morning hours…
  • New York Racing Association likely to remain under Cuomo's oversight for another year

    27 Mar 2015 | 9:18 am
    The New York Racing Association, which operates the state’s thoroughbred race tracks at Aqueduct, Belmont, and Saratoga, could keep its current oversight structure under Gov. Andrew Cuomo for another year. That structure, instituted in 2012, was to last for three years, but it cannot end unless the NYRA proposes a change and both the governor and legislature agree, the Wall Street Journal reported. For its the part, the racing organization is prepared to make just such a formal proposal, NYRA…
  • Albany gears up for second year of food truck pilot program

    Robin K. Cooper
    27 Mar 2015 | 9:03 am
    Do you want to see more food trucks in Albany? Where should food truck operators be allowed to set up shop? When should they be allowed to operate? Those are some of the issues that will be discussed Monday evening when the city will hold a public meeting to outline plans to expand its Mobile Food Vendor Pilot Program. The city is gearing up for the second year of a two-year pilot program after issuing permits last fall for food vendors at Washington Park, Lincoln Park and along city rights-of-ways. Albany…
 
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    Albuquerque Business News - Local Albuquerque News | Albuquerque Business First

  • Intel is in talks for its largest acquisition ever, WSJ reports

    Eric Van Susteren
    27 Mar 2015 | 1:49 pm
    Intel is in talks to buy San Jose-based Altera Corp., which would be the largest acquisition ever by the chipmaker, according to a Wall Street Journal report. Altera's market capitalization was $10.4 billion before the news broke Friday, after which the stock surged 30 percent to nearly $45 per share. The Journal didn't get details on the terms or timing of any deal, which still may not occur. Intel's chipmaking business has suffered recently as consumers migrate away from personal computers and…
  • Mayor announces $400,000 entrepreneurship initiative at Great Grant Giveaway (Video)

    Dan Mayfield
    27 Mar 2015 | 1:44 pm
    Mayor Richard J. Berry announced a new $400,000 entrepreneurship grant program Friday at the Albuquerque Community Foundation's Great Grant Giveaway luncheon. The new Mayor's Prize for Entrepreneurship Powered by the Albuquerque Community Foundation is a competitive grant for nonprofits that help entrepreneurs. The Ewing Marion Kauffman Foundation has committed $200,000 to the effort, as has the Albuquerque Community Foundation, as part of their new economic development initiatives. The winners…
  • How NM's education industry is attacking a teacher shortage

    Sal Christ
    27 Mar 2015 | 1:42 pm
    The case for feeding the New Mexico teaching pool is both one of classroom need and one of employer need. Despite budget cuts, as one of Albuquerque's biggest employers, Albuquerque Public Schools still has a need to fill empty teaching positions, and a limited amount of people in the state have the credentials to fill those roles. Designed to address those needs, programs at both Central New Mexico Community College and the University of New Mexico aim to decrease the teacher shortage both at APS…
  • The list: NM's largest credit unions (including the ones with new names)

    Brandon J. Call
    27 Mar 2015 | 1:06 pm
    This week's list focuses on New Mexico's credit unions. Using National Credit Union Administration 2014 asset volume data, we rank the top 25 largest credit unions in the state. Sandia Laboratory Federal Credit Union, with its $2.1 billion in assets, is the largest credit union (by assets) in the state. Founded in 1948, the credit union also has more than 75,000 members in New Mexico. Click on the accompanying slideshow to see New Mexico's top 5 largest credit unions by assets. For the full list,…
  • NM banks increased assets in 2014 despite drop in loans

    Sal Christ
    27 Mar 2015 | 12:59 pm
    Despite a drop in lending across the state in 2014 and a decrease in the number of banking institutions, New Mexico's banking industry saw an increase in year-over-year capital and earnings during 4Q 2014. According to the FDIC's 4Q 2014 State Profiles report, New Mexico's banks saw an increase in total assets from $16.2 billion in 4Q 2013 to $17.1 billion in 4Q 2014, with an increase in return on assets of 0.05 percent. Factoring into this rise in assets is the fact that the state's banks' net…
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    Atlanta Business News - Local Atlanta News | Atlanta Business Chronicle

  • Georgia House favors turtles, local control

    Dave Williams
    27 Mar 2015 | 2:10 pm
    An alliance of environmental advocates and supporters of local control in the Georgia House of Representatives rejected legislation Friday that would have prohibited local governments from banning plastic bags. The state Senate passed the bill 32-19 last month to try to head off an effort by city officials in Tybee Island to ban plastic bags from grocery stores, restaurants and other retail businesses. Besides concerns over litter along beaches frequented by tourists, Tybee Island officials cited…
  • Beltline bill passes Georgia House

    Dave Williams
    27 Mar 2015 | 1:32 pm
    The Georgia House of Representatives approved legislation Friday that supporters say could help speed up completion of the Atlanta Beltline. The bill, which passed 130-29, would let Atlanta BeltLine Inc. use public-private partnerships to finance and build a wide variety of projects along the 22-mile loop, including hiking trails, sidewalks, streetscaping, bike lanes and transit facilities. About $400 million in tax money has been spent on the Beltline since 2006. That public investment has generated…
  • Restoration Hardware CEO trumpets new Atlanta store

    David Allison
    27 Mar 2015 | 1:13 pm
    The CEO of Restoration Hardware is trumpeting the success of the luxury home furnishings company's new Atlanta store. Restoration Hardware Holdings Inc. (NYSE: RH) opened the 70,000-square-foot store last November. In announcing the company's 2014 results on March 26, Gary Friedman, RH's chairman and CEO, said "Early indications are strong and we expect Atlanta’s performance to accelerate further as we continue to add future new businesses, such as RH Kitchen, and two new yet-to-be-disclosed…
  • U.S. DOT lets Delta continue service between Seattle and Tokyo’s Haneda Airport

    27 Mar 2015 | 1:07 pm
    Delta Air Lines Inc. on Friday applauded the U.S. Department of Transportation’s ruling to allow the Atlanta-based airline to continue service between Seattle and Haneda Airport in Tokyo. However, the decision also makes Delta subject to additional conditions designed to ensure it maintains a daily service in the Seattle market year-round. “After an extensive review, the DOT concluded that Delta’s Seattle-Haneda service provides the best public use of the available slot pair between the U.S.…
  • Georgia House OKs brewpub bill

    Dave Williams
    27 Mar 2015 | 12:14 pm
    Georgia craft breweries and distilleries would be able to sell their wares directly to consumers under legislation the state House of Representatives approved Friday. The bill, which passed 142-9, would let brewpubs can and bottle beer. In addition, brewpubs and distilleries would be allowed to offer tours, either free or for a fee, and give away up to 36 ounces of “souvenir” beer for on-premises consumption and up to 72 ounces for customers to take home. Supporters said such tours have proven…
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    Austin Business News - Local Austin News | Austin Business Journal

  • GSD&M follows up Southwest Airlines 'Wedding' spot

    Lewis Lazare
    27 Mar 2015 | 1:08 pm
    Adland, in many ways, mimics the movies. If a particularly distinctive TV spot clicks with consumers, you better believe there's going to be a sequel of some sort. Indeed that is what has just happened with one of Southwest Airlines' (NYSE: LUV) most popular TV commercials of recent vintage — a "Four Weddings" spot by Austin-based ad house GSD&M that debuted last fall during the National Football League season, of which Southwest is a major sponsor. That first spot featured an especially energetic…
  • Athenahealth accelerator program will host Austin startups

    Chad Swiatecki
    27 Mar 2015 | 12:53 pm
    Health care startups in the Austin area will have a potential big partner in Athenahealth Inc., the Watertown, Massachusetts health information company that is an anchor tenant of the redeveloped Seaholm Power Plant. The company’s More Disruption Please accelerator program provides co-working space, technical help and other resources to startups that are focused on parts of Athenahealth’s mission of simplifying the flow of patient information for physicians and other health care providers. The…
  • Compassionate care bills move through Senate, House committees

    Kimberly Reeves
    27 Mar 2015 | 12:42 pm
    Two bills intended to extend availability of experimental drugs to terminally ill patients have been introduced in both House and Senate committees this session. These so-called compassionate care bills are intended to honor the memory of the late Andi Sloan , an attorney with the Texas Advocacy Project who died after a seven-year battle with ovarian cancer. Sloan and her Andi’s Army fought for access to a drug on the shelves used to treat other cancers but not ovarian cancer. Sloan died on New…
  • Local Wells Fargo exec Don Kendrick to retire

    Christopher Calnan
    27 Mar 2015 | 12:21 pm
    Don Kendrick, Wells Fargo Bank NA’s Southwest division manager, plans to retire in May after a 38-year career in financial services. The Austin-based Kendrick leads California-based Wells Fargo’s (NYSE: WFC) business banking in a region that includes Texas and New Mexico. The area's banks employ more than 500 Wells Fargo workers, according to a Friday news release. Wells Fargo is the No. 1 bank in Central Texas based on deposits. It reports 21.5 percent market share with deposits of $7.2 billion…
  • Alcohol ads can influence customers, but only so much, UT study finds

    Michael Theis
    27 Mar 2015 | 12:19 pm
    A new study from the University of Texas finds that, when it comes to alcohol, advertising has little-to-no effect on overall alcohol consumption, but can shift consumers' alcohol preferences. The report, titled "Beer, Wine or Spirits? Advertising's Impacts on Four Decades of Category Sales" and published in the March edition of the International Journal of Advertising, found scant evidence of a link between alcohol advertising efforts and the total consumption of beer, wine and liquor. But on…
 
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    Baltimore Business News - Local Baltimore News | Baltimore Business Journal

  • Ciena stockholders endorse raise for CEO Gary Smith

    Rick Seltzer
    27 Mar 2015 | 2:02 pm
    Ciena Corp. stockholders endorsed a 19 percent increase in compensation for CEO Gary B. Smith as he touted increased revenue at the Hanover-based networking company in 2014. Revenue rose 10 percent last year at Ciena (NYSE: CIEN), Smith said during the company's annual stockholders meeting Thursday, echoing 2014 earnings released in December that showed revenue hitting $2.3 billion. The company is also diversifying, with its non-telecommunications business accounting for 25 percent of revenue last…
  • George Nemphos, Jay Cohen out at Duane Morris

    Rick Seltzer
    27 Mar 2015 | 11:56 am
    Two attorneys who helped start Duane Morris LLP's Baltimore office have left the firm just weeks after they were named in a negligence lawsuit from a high heel shoe insert inventor. George Nemphos and Jay Cohen resigned from the high-profile international law firm effective Thursday. Nemphos had been managing partner of Duane Morris' Baltimore office and chair of the entire firm's global corporate practice group — its second-largest practice group. Cohen was a partner. The two attorneys helped…
  • Newly renovated Carnival Pride ship returns to Baltimore for year-round cruises

    Sarah Meehan
    27 Mar 2015 | 11:46 am
    The Carnival Pride cruise ship will return to Baltimore this weekend ready to whisk passengers to beachy destinations year-round. The 2,124-passenger ship recently underwent a multimillion-dollar facelift as part of Carnival's "Fun Ship 2.0" initiative, a $500 million project to upgrade 14 of the fleet's ships. The Carnival Pride's renovation added new dining and entertainment features, including Guy's Burger Joint, an eatery developed with Guy Fieri, Bonsai Sushi, Alchemy Bar and RedFrog Pub.…
  • This Baltimore company wants to protect your children on social media

    Sarah Gantz
    27 Mar 2015 | 10:14 am
    Scott Winn and Karl MacMillan spent most of their careers building the intelligence systems that protect the federal government, its agencies and military from predators. Now they’re devising a way to protect your children from threats in their social media networks. Baltimore-based Strajillion, founded by Winn and MacMillan in January 2014, is developing an app that would allow parents to track their children’s activity on social media networks, such the popular photo-based Instagram and Snapchat,…
  • Section1 Project is selling 'art bonds' to benefit the planned art park beneath the JFX

    Sarah Meehan
    27 Mar 2015 | 8:17 am
    The creative minds behind the Section1 Project, a massive art park planned beneath the Jones Falls Expressway, are merging business philosophy with artistry as they look to fundraise for the project. The nonprofit launched a “Series A” campaign March 26 that relies on the sale of “art bonds.” Section1 is auctioning pieces of artwork by local emerging artists. Instead of a financial return, buyers in exchange receive a stake in the future of the art park. “What makes creative place-making…
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    Birmingham Business News - Local Birmingham News | Birmingham Business Journal

  • U.S. Steel starts layoffs of up to 1,500 workers in Fairfield

    Ryan Phillips
    27 Mar 2015 | 2:53 pm
    U.S. Steel confirmed Friday that the time period warning employees they would be laid off earlier this year has ended and now layoffs will begin. Sarah Cassella, a public affairs representative for U.S. Steel Corp. in Pittsburgh, told the BBJ that the federal WARN notices were sent out in January, and the time limit has run out. This could mean as many as 1,214 workers laid off from the company's flat roll facility, along with 386 at the tubular facility. One U.S. Steel worker, who asked to remain…
  • Food Friday: Birmingham’s most popular sushi restaurants

    Dan Bagwell
    27 Mar 2015 | 12:42 pm
    Sushi may be a divisive food for many people, but Birmingham has plenty of options for fans of the popular Japanese dish. Sushi restaurants are expanding throughout the city; both Rock N’ Roll Sushi and Asian Rim are set to open new locations in the metro area, while downtown will see the debut of Bamboo on 2nd later this spring. Local patrons can even try a fusion of sushi and Mexican food at Wasabi Juan’s, a new restaurant in the Avondale neighborhood. To find out which local sushi restaurants…
  • Airgas announces $64M plant on Nucor property despite Q1 fears

    Ryan Phillips
    27 Mar 2015 | 12:37 pm
    Despite Nucor Steel's corporate leaders saying production will take a hit in the first quarter, Airgas Merchant Gases LLC announced Thursday its plans to build a $64 million plant in Tuscaloosa. The plant, which will employ around 28 workers, will be constructed on 10-acres across from Nucor Steel-Tuscaloosa, according to a report from the Tuscaloosa News. Nucor will be a major customer for the firm, purchasing oxygen, argon and nitrogen that the plant will then produce to transport in liquid form,…
  • Birmingham-based bridal show makes TLC premiere

    Ryan Phillips
    27 Mar 2015 | 11:52 am
    One Birmingham-based dress designer will make her TLC debut tonight, when her new show airs for the first time. Heidi Elnora, star of the show Bride By Design, will be featured in her own show, providing viewers with a behind-the-scenes look at how Elnora and her team handle the dress making process. The show premieres on March 27 at 8 p.m. CST on TLC. Elnora began her self-titled collection in 2006 and is currently headquartered in Pepper Place in downtown Birmingham. The show will be broadcast…
  • Inaugural Birmingham Corporate Challenge to promote wellness and competition

    Ryan Phillips
    27 Mar 2015 | 11:39 am
    Knight Eady Sports Group, along with St. Vincent's Health System on Friday announced an event focusing on health and wellness that will also promote competition and teamwork. The inaugural Birmingham Corporate Challenge will be held August 1 at Railroad Park, according to a release from Knight Eady. Around 50 local corporations will compete in field day type events, including Tug-of-War, a 5K run, corn hole and more. Each firm will enter employees in the competition to earn points, and the company…
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    Boston Business News - Local Boston News | Boston Business Journal

  • State Street debt flagged for possible downgrade

    Greg Ryan
    27 Mar 2015 | 12:00 pm
    Moody’s Investors Service has flagged State Street Corp.’s (NYSE:STT) senior debt rating for a possible downgrade, using a new analysis that better accounts for how different types of creditors would be affected if the bank ever failed. The company's existing A1 rating on its senior debt signifies a low credit risk, but nonetheless is now under review. So too is State Street Bank and Trust Co.’s Aa3 senior debt rating, which signifies very low credit risk. Moody’s recently revamped its…
  • The Massachusetts Rehabilitation Commission has a new director

    Jessica Bartlett
    27 Mar 2015 | 11:31 am
    The Massachusetts Rehabilitation Commission has a new head, with Gov. Charlie Baker and Health and Human Services Secretary Marylou Sudders appointing Adelaide “Nicky” Osborne to lead the agency. Osborne will oversee 800 employees in 27 offices, which provide vocational rehabilitation to 22,000 people and community living services to another 11,000. Previously, Osborne worked as director of the Brain Injury and Statewide Specialized Community Services for the Commission, managing a $34 million…
  • Forsyth Institute discovers why antacid use can lead to bone fractures

    Jessica Bartlett
    27 Mar 2015 | 11:30 am
    More than 100 million Americans take antacids, putting themselves at risk for more fragile bones. And thanks to research recently released from the Forsyth Institute, scientists finally know why. The research, conducted in mice and published in a March issue of medical research journal PLOS Genetics, found that stomach acid in the gastrointestinal tract plays an important role in helping the intestines absorb and transfer calcium to the skeletal system. While antacids reduce acidity in the stomach,…
  • Here's what it looks like when a RadioShack closes in Boston (BBJ photo gallery)

    David Harris
    27 Mar 2015 | 11:29 am
    Consumer electronics retailer RadioShack is in the midst of closing stores after declaring bankruptcy earlier this year. And Boston locations are no exception. I happened to come across a soon-to-be-closed RadioShack at 95 Summer St. and the scene was kind of eery. The walls were bare and curious shoppers were trying to make sense of a post-RadioShack world — or just taking advantage of the fire sale. There were bright orange stickers stating that the fixtures and other "equipment" were on sale…
  • Video game developer Outact Inc. raises $1.6M

    Sara Castellanos
    27 Mar 2015 | 11:15 am
    Video game development startup Outact Inc. has raised $1.66 million in equity funding, according to a regulatory filing. Company executives could not be reached for comment. Three undisclosed investors were listed on the filing, which was the company's first with the Securities and Exchange Commission. Outact, whose headquarters are listed as being in Marlborough, also has offices in China and its vision is "to pioneer online gaming innovation and our mission is to catch and integrate elements…
 
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    Buffalo Business News - Local Buffalo News | Business First of Buffalo

  • Cobey co-founder exits in mangement buyout

    David Bertola
    27 Mar 2015 | 12:25 pm
    As part of a management buyout and company share repurchase, John Obey has sold his shares of Cobey Inc., the company he co-founded in 1987. Obey was president until his retirement in 2012. Robert Castle, the other founding shareholder, remains president. “John’s presence and guidance over the years has left an indelible legacy on the business and its employees,” Castle said. “We are sincerely grateful for all of his efforts and will continue to build upon the steady foundation he and I…
  • $80M Peace Bridge work to feature new deck, added lane

    James Fink
    27 Mar 2015 | 9:44 am
    In a dramatic makeover, the Peace Bridge will be redecked, adding a fourth traffic lane as vehicles approach the Canadian inspection plaza and a revamped sidewalk/bike path that includes an overlook at the international line where the U.S. and Canada meet over the Niagara River. The first phase of the $80 million project will begin this year and be stretched over the next few years to limit impacts on traffic flows between Buffalo and Fort Erie. The work is part of an ongoing $167 million capital…
  • Hospitals face funding hole with end of state grants

    Tracey Drury
    27 Mar 2015 | 9:09 am
    Hospital officials in Western New York say the loss of a state grant will hurt, but won’t result in closures. That’s in contrast to the claims of a statewide nurses union, which warned of a wave of “imminent closures” at 28 financially distressed hospitals that rely on funding from the program. In recent weeks, 1199SEIU United Healthcare Workers East has held a series of rallies around the state regarding a $290 budget allocation for safety net hospitals, including six in the Western New…
  • Tops Markets’ trims net losses, sales rise

    27 Mar 2015 | 7:33 am
    The parent company of Tops Markets LLC cut its net losses by 75 percent in the 2014 fourth quarter and by nearly half in the full fiscal year. Tops Holding II Corporation owns the Williamsville-based grocery chain that has 158 stores in Upstate New York, northern Pennsylvania and Vermont. The company reported a loss of $4.6 million in the fourth quarter compared to a loss of $18.8 million in the comparable year-over-year period. Net sales in the period increased 0.6 percent to $574.8 million from…
  • Phantom of the Opera maintains its drawing power

    Elizabeth Carey
    27 Mar 2015 | 6:18 am
    Phantom of the Opera is enjoying quite a run at Shea’s Performing Arts Center to the delight of theater goers and area restaurants. Business owners say they’ve enjoyed an uptick in sales from pre- and post-show patrons, which tied in perfectly to a busy season. “With Garth (Brooks), and the Home Show was terrific, and then we go right into Local Restaurant Week and then Phantom at Shea’s. It’s real good for the downtown restaurants,” explained Nick Pitillo, owner of Osteria 166. Phantom…
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    Charlotte Business News - Local Charlotte News | Charlotte Business Journal

  • Experts wonder if penalty for Duke Energy execs is serious or symbolic

    John Downey
    27 Mar 2015 | 2:38 pm
    Business and environmental experts say Duke Energy rightly cut the compensation for its top executives to hold them accountable for last year's coal ash spill on the Dan River. The question is whether Duke did enough. The Duke board of directors cut CEO Lynn Good’s cash incentive by $606,000 and reduced payments to other top executives because of the spill. Good’s total incentive package for 2014, which includes estimated values for stock and option grants made this year that will vest in later…
  • Wells Fargo promotes Charlotte exec to top acquisitions role

    Adam O'Daniel
    27 Mar 2015 | 1:01 pm
    Wells Fargo & Co. (NYSE:WFC) has promoted Charlotte banker Julie Caperton to be head of corporate development, a position responsible for managing the bank's acquisition and divestiture process. Caperton, who will be based in Charlotte, will support business leaders across Wells Fargo in her new job. She succeeds Bruce Helsel, who is retiring after 29 years with the San Francisco-based bank. Caperton will report to Paul Ackerman, corporate treasurer. “Today’s appointment reflects one of Wells…
  • South End apartment complex sells for $28 million

    Will Boye
    27 Mar 2015 | 12:00 pm
    A New York real estate investment firm has bought the 153-unit Park and Kingston apartment complex in South End for $27.85 million. Bluerock Real Estate purchased the development this month from an affiliate of Marsh Properties. Marsh developed the complex with Merrifield Patrick Vermillion and Jud Little behind a commercial strip in South End that includes well-known eatery Price’s Chicken Coop. When the developers announced the project in early 2012, they said the development's cost was approximately…
  • N.C. development partnership CEO: Hunt for an auto plant may lead to Korea

    Ken Elkins
    27 Mar 2015 | 11:49 am
    Chris Chung has been on the job at the Economic Development Partnership of North Carolina about 10 weeks now and, yes, he has heard that the state wants his team to reel in an automobile assembly plant. Chung, CEO of the partnership, says the state may need to hire a contractor in Korea to help bring North Carolina its first auto plant. The targets would be Hyundai and Kia. “They’re doing very well in the U.S. with their sales, and at some point their level of sales in the U.S. will outstrip…
  • Coke Consolidated celebrates $12M milestone on its westward march

    Jen Wilson
    27 Mar 2015 | 11:47 am
    Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) this week made its formal debut as the exclusive Coke bottler for Louisville, Ky., with the grand opening of a sales and distribution center there. The Charlotte-based company invested $12 million in a 305,000-square-foot facility, renovating a once-vacant warehouse and adding office space, according to a news release. It sits on 25 acres in southwest Louisville and will serve a 21-county area stretching from Owen County to Hardin County in Kentucky…
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    Cincinnati Business News - Local Cincinnati News | Business Courier of Cincinnati

  • Macy’s adds a high-powered CEO to its board

    Tom Demeropolis
    27 Mar 2015 | 11:24 am
    John Bryant, CEO of Kellogg Co., has been elected to the Macy’s Inc. board of directors. Bryant, 49, brings the Macy’s (NYSE: M) board to 13 members. He has been chairman of the board of Kellogg (NYSE: K) since July 2014, after serving as president and CEO since 2011. “John Bryant is a seasoned leader who will contribute to the depth and diversity of thinking of Macy’s board on a range of key subjects,” Terry Lundgren, CEO of Macy’s, said in a news release. “As the current CEO of…
  • Get an early look at Cincinnati’s 2 newest hotels: SLIDESHOW

    Tom Demeropolis
    27 Mar 2015 | 11:18 am
    Two new hotels in downtown Cincinnati will be welcoming guests in the near future. The $30 million conversion of the former Cincinnati Enquirer building at 617 Vine St. from office space to two different hotels is just wrapping up. I got an early walk-through of the building with Chris O’Flaherty, sales manager, and Jake Dillen, director of sales, both with Hampton Inn & Suites/Homewood Suites by Hilton Cincinnati Downtown. SREE Hotels LLC, which purchased the building in 2012, and the team…
  • P&G to build $100M Gillette factory

    Barrett J. Brunsman
    27 Mar 2015 | 10:21 am
    Cincinnati-based Procter & Gamble broke ground Thursday on a $100 million factory in Vietnam, which will make razors for its Gillette brand. The plant will create 300 new jobs in the Binh Duong province, where P&G (NYSE: PG) already has a factory that makes baby care products such as Pampers diapers and another that makes laundry and hair care products such as Tide detergent and Head & Shoulders shampoo. Manufacturing at the razor factory is expected to begin in 12 months. The new plant in the…
  • Take a tour of People's Liberty and OTR’s newest office space: PHOTOS

    Erin Caproni
    27 Mar 2015 | 10:00 am
    People’s Liberty is an organization designed to bolster the community, and its new office space in Over-the-Rhine is part of that mission. The former Globe Furniture building at the corner of Elm and Elder streets has been renovated to make a new home for the extension of both the Haile/U.S. Bank Foundation and the Johnson Foundation that is taking a new approach to grantmaking over the next five years. “We picked the neighborhood intentionally,” Eric Avner, vice president of the Haile Foundation…
  • This week's I Spy Cincinnati puzzle comes with one tiny hint

    Hannah McCartney
    27 Mar 2015 | 8:48 am
    I was slammed with dozens and dozens of correct guesses last week when the photo puzzle was the looming and very conspicuous Hughes High School, so I'm going to experiment this week and give you just a teeny scrap of information for this week's more obscure puzzle and see what happens. So here's your one very vague hint for this week: Designer Kevin Cox picked this photo series because it's timely. That's all I'll say. If you think you can name this local spot, send me your guess at hmccartney@bizjournals.com…
 
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    Columbus Business News - Local Columbus News | Business First of Columbus

  • Memorial Health buying Marysville surgery center from joint venture partners

    Carrie Ghose
    27 Mar 2015 | 1:08 pm
    Memorial Health is buying out physicians and a health management company to take full ownership of the Marysville Ohio Surgical Center, the Union County system said Friday after trustees approved the deal. The health system will pay for business assets and by September assume the lease of the 10,000-square-foot outpatient facility that opened in 2004. The price will be set after an outside appraisal of the assets. The number of employees was not immediately available, but staff will transfer to…
  • So you wanna get in the marijuana business? Here’s how under ResponsibleOhio’s plan

    Doug Buchanan
    27 Mar 2015 | 11:38 am
    The latest proposal to legalize marijuana in Ohio has one key feature that, to the detriment of the cause, has defined it so far in the minds of Ohio voters and critics. ResponsibleOhio’s plan would restrict rights to grow the marijuana for Ohio’s retail and medicinal markets to 10 specified sites backed by the organization’s investors. Many, including me, have used the term “monopoly” to describe the plan but ResponsibleOhio begs to differ. Spokeswoman Lydia Bolander said pot production,…
  • Former Ann Taylor president to lead Justice

    Dan Eaton
    27 Mar 2015 | 11:08 am
    Justice has its next leader. Parent company Ascena Retail Group Inc. Friday announced Brian Lynch as the next CEO of the New Albany-based apparel and accessory retailer for tween girls (7- to 12-years old). Lynch was at women’s fashion retailer Ann Inc. (NYSE:ANN) from 2004 to 2014 and spent his last two years with the company as president of the Ann Taylor brand. His 35-year retail career also includes stops at Gap Inc. (NYSE:GPS), Learningsmith and the Walt Disney Co. (NYSE:DIS) “We are…
  • INFOGRAPHIC: Steep drop in drilling rigs operating in Ohio

    Tom Knox
    27 Mar 2015 | 10:52 am
    Sometimes you don’t know how much things have changed until you see it laid out in a graphic. Motorists are well aware that oil and gas prices are down when they pay less at the pump. The industry – and its employees – knows prices are low because layoffs keep hitting the industry and companies that serve it, including those in Central Ohio. But a chart showing the steep drop in drilling rigs operating in eastern Ohio tells the story with one quick glance: Rig counts have fallen 42 percent…
  • Columbus company’s jury verdict against HP upheld, raised to $8M

    Carrie Ghose
    27 Mar 2015 | 10:45 am
    A Delaware state judge has upheld a $6.5 million jury verdict a Columbus company won against Hewlett-Packard Co. for misappropriation of trade secrets and defamation, and awarded an estimated $1.5 million in legal fees and costs on top of that. Professional Investigating and Consulting Agency Inc. – itself in the business of protecting the intellectual property of major brands – won the trial in October against its former client HP (NYSE:HPQ). I wrote about how the dispute had nonetheless cost…
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    Dallas Business News - Local Dallas News | Dallas Business Journal

  • Boston Globe: Liberty Mutual identifies Plano as one of six U.S. call center sites

    Candace Carlisle
    27 Mar 2015 | 3:00 pm
    The speculation of Liberty Mutual's expansion in Dallas-Fort Worth could be over as the Boston Globe reports that Boston-based Liberty Mutual Insurance plans to put one of its six national call centers in Plano. This could be the first official confirmation of rumors that have been circulating in the North Texas real estate community. Word on the street: Liberty Mutual plans to lease, or own, a nearly million-square-foot service center in a campus-like setting in a project that could bring 4,000…
  • Shareholders approve $35 billion energy megadeal

    Jordan Blum
    27 Mar 2015 | 2:50 pm
    More than 98 percent of voting shareholders from both companies easily approved the $34.6 billion megadeal for Halliburton Co. (NYSE: HAL) to acquire Baker Hughes Inc. (NYSE: BHI) at special meetings on March 27. The combination of the two Houston-based oilfield services giants is not expected to close until "late in the second half" of the year after going through the federal regulatory process and the sales of some business units and assets by both companies, according to Halliburton Chairman…
  • Texas Bank and Trust Co. will acquire Richardson-based Vision Bank-Texas

    Nicholas Sakelaris
    27 Mar 2015 | 1:44 pm
    Texas Bank and Trust Company announced that it will acquire Vision Bank-Texas, a Richardson-based independent community bank. The acquisition gives TB&T a second Dallas-Fort Worth location, the other one being in Frisco. In all, the Longview-based bank has 20 locations primarily along Interstate 20 in Northeast Texas. “The acquisition of Vision Bank-Texas speaks directly to our strategic plan for growth and operational scope within this market,” Rogers Pope, Jr., vice chairman and CEO of TB&T.…
  • What a drag: Low oil prices continue to slow Texas job growth

    Bill Hethcock
    27 Mar 2015 | 12:52 pm
    Bottom-of-the-barrel oil prices continued to drag down Texas’ job growth in February as the state added 7,100 jobs — the smallest monthly job gain since October 2011. February was the second straight month of slower growth, according to data released today by the Texas Workforce Commission. The state’s unemployment rate dropped to 4.3 percent, down from 4.4 percent in January 2015. The Dallas-Fort Worth area’s jobless rate dropped from 4.4 percent in January to 4.1 percent. Texas’ slowing…
  • Rig count slows its fall this week as crude oil prices show slight gain

    Nicholas Sakelaris
    27 Mar 2015 | 12:14 pm
    The Texas rig count finally slowed its free fall this week with only three drilling rigs coming out of service, according to Baker Hughes. This comes after months of Texas losing 30 or more rigs every week in response to falling crude oil prices. The Lone Star state has lost 404 rigs in the last year. Texas had a total of 462 rigs working this week, the lowest rig count since 2009. Nationwide, there were 21 fewer rigs this week versus last week. Crude oil prices for May delivery rebounded this…
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    Dayton Business News - Local Dayton News | Dayton Business Journal

  • SAA President Jessica Barry talks future growth (Video)

    27 Mar 2015 | 8:28 am
    SAA President Jessica Barry talks future growth (Video)
  • Spring hiring: nearly 20,000 open jobs in Dayton (See who's hiring the most)

    Tristan Navera
    27 Mar 2015 | 8:01 am
    The year is off to a strong start with nearly 20,000 open jobs in Dayton, according to numbers newly released from the state. Data from the Ohio Department of Job and Family Services show nearly 20,000 open jobs in the 14-county West Ohio region from Jan. 14 to Feb. 13 — a sharp uptick of about 3,000 postings from the previous month, and reflecting an annual trend of a diverse number of employers picking up hiring going into the bust spring season. Related: Click here a countdown of top 10 companies…
  • Tooling company buys Dayton building for expansion

    Olivia Barrow
    27 Mar 2015 | 7:42 am
    A tooling company in east Dayton has bought a building and plans to grow into it after renovations. Monaghan Tooling Group purchased the office and warehouse building at 30 N. Clinton St. in Dayton for $148,000, said President and Owner Scott Monaghan. The company has been sharing office space with Elliott Tool Technologies at 1760 Tuttle Ave. in east Dayton, but both companies are growing and running out of space. Monaghan said his group of 11 will move from about 1,500 square feet into the new…
  • 85 companies expected at Sinclair job fair

    Tristan Navera
    27 Mar 2015 | 7:40 am
    A job fair at Sinclair Community College Wednesday will bring out 85 businesses and organizations. The school's Career Exploration and Job Fair takes place April 1 from noon to 3 p.m. in the Conference Center. The event is expecting to bring out organizations from several industries including Dayton Power & Light Co., Teleperformance USA, Walmart, Synchrony Financial and Consumer Support Services. “Each year Sinclair invites area businesses to campus to assist graduating students with their job…
  • Dayton commute among shortest in U.S.

    27 Mar 2015 | 4:08 am
    The Dayton region has many strong selling points for prospective residents — affordability and thriving arts scene among them — but commuting to work is a factor often overlooked. While folks in Washington, D.C. and Atlanta are known to wallow in traffic for hours, the Dayton region is a relative breeze for commuting. In fact, the typical commute distance for Daytonians is a mere 6.6 miles, according to a new report from the Brookings Institute. That skews on the lower side for most medium-…
 
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    Denver Business News - Local Denver News | Denver Business Journal

  • Strategies: How you can cash in on cash balance retirement plans

    Paula Hendrickson
    27 Mar 2015 | 2:27 pm
    Successful professionals and business owners worry about retirement savings, just like everyone else these days. Do they have enough socked away? Could taxes, inflation and healthcare costs rise and nibble away at their savings? What about new regulations and legislation? That’s why many high-earners are increasingly turning to little-known cash balance defined benefit plans, which are similar to old-fashioned pensions but have some 401(k) twists. These plans allow business owners to save up…
  • DaVita's CFO is leaving the company

    Ed Sealover
    27 Mar 2015 | 1:59 pm
    DaVita’s top financial executive is leaving to go back to work in the biopharmaceutical industry. Company leaders DaVita HealthCare Partners Inc. (NYSE: DVA), the Denver-based kidney-care giant, did not identify the company for which CFO Garry Menzel would be going to work. But they thanked him for his service on Friday. “I appreciate Garry’s service and contribution to the DaVita Village,” said Kent Thiry, DaVita co-chairman and CEO. “I wish him all the best as he returns to his professional…
  • Colorado attorney general asks Supreme Court to toss multi-state marijuana suit

    Molly Armbrister
    27 Mar 2015 | 1:51 pm
    Colorado Attorney General Cynthia Coffman Friday responded to a lawsuit filed with the U.S. Supreme Court over Colorado's law legalizing recreational marijuana. The suit, filed by Nebraska and Oklahoma in December, seeks to overturn Amendment 64, which legalized marijuana in Colorado in 2012 with the first recreational sales in Jan. 2014, by arguing the state is violating the federal Supremacy Clause. The states say that marijuana coming across the border from Colorado has led to increased crime…
  • Just $10 million remains for Colorado's unpassed bills in this year's budget

    Ed Sealover
    27 Mar 2015 | 1:48 pm
    Colorado legislators officially introduced the 2015-16 budget bill on Friday, and it is chock full of numbers, such as $10.25 billion in general-fund spending and $216 million in increased K-12 money. But for business leaders watching a host of bills move through the process in the Legislature right now, the most important number is this: $10 million. That is how much room is set aside in the budget for hundreds of bills that are under consideration but have not yet died or become law in this session.…
  • Metro Denver unemployment rate 4.5% in February

    Mark Harden
    27 Mar 2015 | 1:28 pm
    Metro Denver's unadjusted unemployment rate stood at 4.5 percent in February, unchanged from January but down from 6.1 percent in February 2014, according to raw county jobs estimates released Friday by the Colorado Department of Labor and Employment. The 4.5 percent unadjusted jobless rate is for a 10-county area that includes Denver, Aurora, Lakewood, Broomfield and Centennial, but not Boulder County. Boulder County's unemployment rate was 3.9 percent last month, unadjusted. By county, February's…
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    Greensboro Business News - Local Greensboro News | The Business Journal of the Greater Triad Area

  • New coal-ash suit against Duke Energy filed under seal in N.C. Business Court

    John Downey
    27 Mar 2015 | 1:44 pm
    Some Duke Energy executives and current and former board members face a new shareholder lawsuit over damage done to the company by years of coal-ash contamination in North Carolina and Virginia. It is the sixth such suit filed against the company. But this one, filed in the N.C. Business Court, has been sealed so that the complaint and other initial documents cannot be read by the public. The plaintiff in the case, a Duke (NYSE: DUK) investor in Philadelphia named Judy Mesirov and her law firm…
  • N.C. nurses want more autonomy – and might soon get it

    Jason deBruyn
    27 Mar 2015 | 1:19 pm
    Nurses will get another crack at gaining more autonomy this summer. A bill filed shortly before the Senate deadline would lift certain restrictions on Advanced Practice Registered Nurses (APRN), something that would more closely align North Carolina with most other states. North Carolina law requires physicians' supervision for procedures that in other states may be done by nurses or other mid-level providers alone. Nurses in North Carolina argue this drives up cost because physicians nearly always…
  • N.C. development partnership CEO: Hunt for an auto plant may lead to Korea

    Ken Elkins
    27 Mar 2015 | 1:13 pm
    Chris Chung has been on the job at the Economic Development Partnership of North Carolina about 10 weeks now and, yes, he has heard that the state wants his team to reel in an automobile assembly plant. Chung, CEO of the partnership, says the state may need to hire a contractor in Korea to help bring North Carolina its first auto plant. The targets would be Hyundai and Kia. “They’re doing very well in the U.S. with their sales, and at some point their level of sales in the U.S. will outstrip…
  • HondaJet receives 'provisional' certification; final FAA approval expected in a few months

    Katie Arcieri
    27 Mar 2015 | 1:07 pm
    Honda Aircraft Co., the developer of a $4.5 million lightweight jet in Greensboro, announced Friday that the Federal Aviation Administration has approved the design of the HondaJet with a provisional type certificate. Honda Aircraft said Friday it is now targeting final FAA type certification in the next few months, following the completion of final testing and approval by the FAA. Honda will begin first deliveries of the jet after FAA type certification is achieved. Honda said the provisional…
  • Again, North Carolina jobs growth cools

    Jason deBruyn
    27 Mar 2015 | 12:12 pm
    North Carolina added a small number of jobs from January to February, but not enough to budge the unemployment rate. The North Carolina unemployment rate for February was 5.3 percent, the same as the January revised rate, according to figures released by the N.C. Department of Commerce on Friday. Labor statisticians measure employment by two measures, one based on a survey of employers and the other based on a survey of households. In some months, these surveys can show vastly different trends,…
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    Honolulu Business News - Local Honolulu News | Pacific Business News of Honolulu

  • Ala Moana restaurant Manichi Ramen to serve alcohol by this summer

    Lorin Eleni Gill
    27 Mar 2015 | 3:09 pm
    Manichi Ramen restaurant has applied for a liquor license and expects to serve beer and shochu by the end of May, CEO Masayuki Ide confirmed Friday. The Japanese ramen shop, also known as Ramen Man-Ichi, opened in October in the old Ramen Kai spot on Kona Street across from Ala Moana Center. The 1,000 square-foot restaurant currently uses a BYOB policy. Ide said the restaurant specializes in tonkotsu ramen, a dense pork broth which hails from Kurume, Japan. Manichi Ramen is owned by Manichi Asisupo…
  • Hawaii hotel occupancy stays flat as room rates creep up

    Jason Ubay
    27 Mar 2015 | 10:11 am
    Hawaii’s hotels continue to fill more than 80 percent of their rooms despite an uptick in room rates. The statewide average hotel occupancy rate of 83.3 percent last week was down just a 0.1 percentage point from a year ago, despite a 2 percent increase in average room rates to $248.86, according to Hospitality Advisors. Oahu led all islands with 86.6 percent of its hotel inventory occupied, down 1.1 percentage point from last year. Next highest was Maui at 84.5 percent occupancy, a 0.7 percentage…
  • Undersea cable project sparked NextEra Energy's interest in buying Hawaiian Electric Co.

    Duane Shimogawa
    27 Mar 2015 | 9:49 am
    NextEra Energy Inc., which is seeking to buy Hawaiian Electric Co. for $4.3 billion, would not be in a position to acquire Hawaii’s largest utility if the Florida energy giant had not already been doing business in the state, one of its top executives told PBN this week. Eric Gleason is president of NextEra Energy Hawaii LLC, which was formed in 2012 when the company began showing interest in laying an undersea cable that would connect the electric grids of the islands of Oahu and Maui. He told…
  • Valley of the Temples in Kaneohe completes first phase of expansion

    Jason Ubay
    27 Mar 2015 | 9:28 am
    Valley of the Temples Memorial Park in Kaneohe in Windward Oahu recently completed a 10-acre expansion with its Ocean View Terrace, creating more options for families to memorialize the deceased. The park, which was established in 1963, is known for the Hawaii Byodo-In Temple at the rear of the property. It changed ownership in 2011 when it was purchased by Texas-based NorthStar Memorial Group, which also operates Diamond Head Mortuary and Maui Memorial Park, according to its website. Mark Gilmore,…
  • Panel discusses ways to get broadband to Hawaii

    Jason Ubay
    26 Mar 2015 | 7:51 pm
    A panel of experts at the Hawaii Venture Capital Association luncheon on Thursday discussed the state’s need for broadband, which actions are needed to make it a reality and ways that higher bandwidth can be used. Gordon Bruce, president and CEO of Pacxa and previously the CIO of the City & County of Honolulu, was part of the Hawaii Broadband Task Force, which issued its final report in 2008. It had three recommendations: establishing a forward-looking vision to make Hawaii globally competitive,…
 
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    Houston Business News - Local Houston News | Houston Business Journal

  • Houston parks get millions to boost quality of life (Video)

    Joe Martin
    27 Mar 2015 | 1:00 pm
    There's been an influx of cash pumped into the city's major parks over the past decade, and it's safe to say it's had a visible impact. As the quality of life reporter, I've been following park development and renovations because Houston's top companies often sell the city as a recruitment tool. Simply put, no one wants to live and work in an ugly city. Start your day with Houston Business Journal news in your inbox. Sign up for Morning Edition here. Recently, a consolidated effort has been…
  • Rig count slows its fall this week as crude oil prices show slight gain

    Nicholas Sakelaris
    27 Mar 2015 | 12:59 pm
    The Texas rig count finally slowed its free fall this week with only three drilling rigs coming out of service, according to Baker Hughes Inc.. This comes after months of Texas losing 30 or more rigs every week in response to falling crude oil prices. The Lone Star state has lost 404 rigs in the last year. Texas had a total of 462 rigs working this week, the lowest rig count since 2009. Got Energy? Sign up for our Energy Inc. newsletter here Nationwide, there were 21 fewer rigs this week…
  • Dow Chemical to merge Gulf Coast business unit into another company in $5B deal

    Angela Mueller
    27 Mar 2015 | 12:15 pm
    The Dow Chemical Co. (NYSE: DOW) is merging part of it chlor-alkali business with Olin Corp. (NYSE: OLN) in a deal valued at $5 billion. Midland, Michigan-based Dow will separate its U.S. Gulf Coast Chlor-Alkali and vinyl, global chlorinated organics and global epoxy businesses and merge those businesses with Clayton, Missouri-based Olin in a reverse trust transaction. As a result of the merger, Dow shareholders will hold about 50.5 percent of Olin, and existing Olin shareholders will hold 49.5…
  • ConocoPhillips considers selling Canadian assets

    Olivia Pulsinelli
    27 Mar 2015 | 11:13 am
    ConocoPhillips (NYSE: COP), which plans to cut billions in spending over the next couple of years, is looking to sell certain oil and gas assets in western Canada. The Houston-based company retained Scotia Waterous Inc., the oil and gas arm of Toronto-based The Bank of Nova Scotia, commonly known as Scotiabank, as the exclusive financial adviser to assist in the process. Scotia Waterous, which has offices in Houston and Denver, said more information is expected to be available in the second quarter. Got…
  • Shareholders approve $35 billion energy megadeal

    Jordan Blum
    27 Mar 2015 | 9:30 am
    More than 98 percent of voting shareholders from both companies easily approved the $34.6 billion megadeal for Halliburton Co. (NYSE: HAL) to acquire Baker Hughes Inc. (NYSE: BHI) at special meetings on March 27. The combination of the two Houston-based oilfield services giants is not expected to close until "late in the second half" of the year after going through the federal regulatory process and the sales of some business units and assets by both companies, according to Halliburton Chairman…
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    Jacksonville Business News - Local Jacksonville News | Jacksonville Business Journal

  • Despite business opposition, Florida Senate taking up pension reform

    27 Mar 2015 | 11:49 am
    After a sometimes-tense hearing, the Senate Fiscal Policy Committee on Thursday unanimously approved a bill aimed at shoring up local pension plans for police officers and firefighters. The bill (SB 172), filed by Sen. Rob Bradley, R-Fleming Island, and Sen. Jeremy Ring, D-Margate, is identical to a measure that passed the Senate last year. Members of the committee bristled Thursday at opposition from the Florida League of Cities and business groups. "It seems like you're going to be happy with…
  • Jacksonville company launches software to prevent railcar failure

    Jensen Werley
    27 Mar 2015 | 11:42 am
    Shippers using railcars might have an opportunity to save themselves a whole lot of money. That's because Jacksonville-based ShipXpress and SparkCognition have teamed up to create a predictive analytic software that can identify when a railcar is going to break down. “We already have various sensors to tell about the health of a railcar,” said Raghu Misra, cofounder and chief technology officer of ShipXpress. “Until now, we would just do historical reporting on what the health of the railcar…
  • Here are the highest-paid government employees in Jacksonville

    Alexa Epitropoulos
    27 Mar 2015 | 11:25 am
    Although government jobs are still growing slower than those in the private sector, government employees – particularly those in the upper echelons – have competitive salaries. The Business Journal's List this week looked at those salaries, as well as the officials behind them. The result? We found that the highest-paid government officials were from diverse branches that some wouldn't expect. The transportation authorities, including JTA, JAA and Jaxport, were among the highest, but medical…
  • Brookdale tailors Mandarin facility to residents with early-stage Alzheimer’s

    Colleen Michele Jones
    27 Mar 2015 | 11:24 am
    Brookdale Senior Living is planning for current and future market trends by converting its Mandarin Central facility from assisted living for those with dementia entirely to early-onset Alzheimer’s care. The decision is based on the growing need for memory care and a new program by Brookdale designed to slow progression of the disease by building up brain synapses in those with early- to mid-stage Alzheimer’s. Brookdale will spend $400,000 in renovations to ready its location at 10875 Old St.…
  • ​U.S. Bank expands presence in Jacksonville in key line of business

    Colleen Michele Jones
    27 Mar 2015 | 11:09 am
    U.S. Bank is expanding its regional corporate trust office in Jacksonville, adding to its local team to meet the needs of the bank’s growing line of business in this area. “We’re committed to Florida and are excited about this opportunity to grow our business in this market,” said John Stephens, senior vice president for U.S. Bank Global Corporate Trust Services. “This is our saying we’re here, we’re staffing up and we’re here to serve locally.” Corporate trusteeship is one of…
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    Kansas City Business News - Local Kansas City News | Kansas City Business Journal

  • Lawrence ranks No. 2 best college town to live in

    27 Mar 2015 | 12:30 pm
    Lawrence ranks as the No. 2 place graduates could live without every leaving their school’s town, according to College Ranker’s list of the “50 Best College Towns to Live in Forever.” The website cites Lawrence’s music scene and Esquire Magazine’s inclusion of The Replay Lounge among the nation’s top 25 bars and venues. It also mentions Lawrence’s proximity to Topeka and Kansas City and its key employers. The nearest other college town to make the list was Manhattan. The home to…
  • EDC hires manager for new AdvanceKC incentive processes

    Rob Roberts
    27 Mar 2015 | 11:54 am
    The Economic Development Corp. of Kansas City hired development veteran to oversee the city's new AdvanceKC processes for handling requests for public support for projects. The agency hired Gregory Flisram as senior vice president of business and real estate development. He has 22 years of economic development experience, most recently as director of economic development for Green Bay, Wisc. Flisram's hiring came after a national search for the new position, created to meet deal-flow management…
  • Digital Sandbox funds four new companies

    Leslie Collins
    27 Mar 2015 | 11:54 am
    Digital Sandbox KC is adding four early-stage companies to its program. The Kansas City-based companies range from cyber security industry to health care, and each will receive funding for proof-of-concept projects. Digital Sandbox KC will award as much as $25,000 a project. The average funding amount is $21,000. “We continue to see 20 to 25 exciting early-stage companies over our eight-week evaluation cycles,” Director Jeff Shackelford said in a release. “The quality and quantity of Kansas…
  • Market Madness: KC's industrial market scores big

    Rob Roberts
    27 Mar 2015 | 11:28 am
    In the spirit of March Madness, global commercial real estate firm DTZ is presenting 2015 Market Madness, which highlights the Kansas City area and the Midwest as leading scorers in the industrial sector. According to a report released this week by DTZ’s Kansas City office, the 196 million-square-foot industrial market here produced 926,000 square feet of net absorption in the fourth quarter and 3.9 million square feet during all of 2014. Net absorption equals the number of square feet occupied…
  • Two KC commercial real estate capital execs switch firms

    Rob Roberts
    27 Mar 2015 | 8:23 am
    Marcus & Millichap Capital Corp., a commercial real estate investment services firm with offices throughout North America, has hired two new senior directors for its Kansas City office. The new directors, Thomas Cohen and John Schorgl, were previously with Johnson Capital, an Overland Park-based commercial mortgage banking firm where Cohen was a principal and Schorgl was a vice president. In their new positions, Cohen and Schorgl will be responsible for securing debt and equity financing for a…
 
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    Los Angeles Business News - Local Los Angeles News | Los Angeles Business from bizjournals

  • Flick picks: Will Ferrell and Ben Stiller are men at a crossroads in ‘Get Hard,’ ‘While We’re Young’

    Annlee Ellingson
    27 Mar 2015 | 2:59 pm
    The pratfalls and pitfalls of trying to be something you’re not are on display in two new releases this week. For Will Ferrell, it’s “Hard.” For Ben Stiller, it’s “Young.” But whereas “Get Hard” grapples (to varying degrees success) with broad issues like race and class and homosexuality, “While We’re Young” wrestles with a myriad more nuanced themes: aging and ambition and art. Directed by Etan Cohen — the screenwriter behind satires “Tropic Thunder” and “Idiocracy”…
  • ​Ikea begins demolition work on Burbank store

    27 Mar 2015 | 2:40 pm
    Swedish home furnishings retailer Ikea has begun razing the site of its planned Burbank store that will become its largest U.S. store. The company, which received approval for the construction from the Burbank City Council earlier this month, plans to move its current 242,000-square-foot Burbank store to the new location less than one mile away at 805 S. San Fernando Blvd. The new 456,000-square-foot store will be built on 22 acres and have more than 1,700 parking spaces. The store is slated to…
  • ​SunCal buys 15-acre downtown Arts District site for $130 mln

    27 Mar 2015 | 12:51 pm
    SunCal, a developer of mixed-use master-planned communities, has bought a 15-acre site in the Arts District in downtown Los Angeles. Irvine-based SunCal didn’t disclose a purchase price for the property, the largest property in the Arts District, but CBRE Group Inc., which represented the seller, told Bloomberg the company paid $130 million. SunCal, which has already closed escrow on the property on Sixth and Alameda property, said the purchase was financed by a fund affiliated with MSD Capital,…
  • ​Olympus issues new guidelines on cleaning scopes

    27 Mar 2015 | 12:29 pm
    The maker of the medical scopes that have been linked to “superbug” outbreaks at Ronald Reagan UCLA Medical Center and Cedars-Sinai Medical Center, has issued revised cleaning instructions to ensure the devices are disinfected before reuse. Olympus America Inc., a division of Japan-based Olympus Corp., sent the updated guidelines to U.S. hospitals on Thursday and recommended that they be implemented as soon as possible. The new cleaning procedures call for using a smaller bristle cleaning brush…
  • Quiksilver removes CEO, CFO resigns

    27 Mar 2015 | 12:26 pm
    After posting another quarterly loss last week, struggling retailer Quiksilver Inc. has removed Andy Mooney as its chief executive and Chief Financial Officer Richard Shields has resigned. Quiksilver(NYSE: ZQK), which designs and sells clothing and accessories under the Quiksilver, Roxy, and DC brands, said Mooney is no longer with the Huntington Beach-based company and has been replaced by President Pierre Agnes, who has worked at the company for 27 years. The company promoted Greg Healy, Quiksilver’s…
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    Louisville Business News - Local Louisville News | Business First of Louisville

  • One more number you should know about Humana's Concentra deal

    David A. Mann
    27 Mar 2015 | 11:54 am
    $2.1 billion. That's how much revenue Louisville-based Humana Inc. garnered from provider services — that is, services provided by doctors or other health care professionals —in 2014, according to its latest financial statement. I thought I'd share that number because it's about to be cut significantly as a result of Humana's sale of Concentra, which was announced earlier this week. Concentra, which provides occupational health, physical therapy and urgent care services, generated about $1…
  • Seven questions with banking veteran Eddy Barber

    Wesley Kerrick
    27 Mar 2015 | 11:51 am
    Eddy Barber took his first banking job on Jan. 14, 1974. After 41 years in the industry, he's set to retire May 31 from his position as PNC Bank executive vice president and retail market manager for Kentucky and Southern Indiana. PNC senior vice president Jay Hyden, who currently is business banking market manager for the Columbus, Ohio, area, will move into Barber's position on June 1. Barber began at Crestwood State Bank in Crestwood, Ky., where he sold merchant services before becoming branch…
  • Indiana's religious freedom act dispute seen as 'damaging to the tourism community'

    Caitlin Bowling
    27 Mar 2015 | 11:38 am
    The controversy surrounding Indiana's new Religious Freedom Restoration Act will harm tourism efforts in the state, the Clark-Floyd Counties Convention & Tourism Bureau in Southern Indiana said in a statement. "Inflammatory rhetoric on both sides of the Religious Freedom Restoration Act is damaging to the tourism community," the statement says. "Indiana tourism entities are among the first to suffer." Jim Epperson, executive director of the Clark-Floyd Counties Convention & Tourism Bureau, said…
  • Oohology acquires Indianapolis-based video firm

    Rachel Aretakis
    27 Mar 2015 | 11:22 am
    Oohology LLC expects to triple its video services revenue this year with the acquisition of an Indianapolis-based video production company. The web design and branding agency has acquired Engage Video, a three-year old firm whose five employees will join Oohology's Indianapolis office. Oohology is based in Louisville and also has locations in Cincinnati and Chicago. The deal was completed on March 2. Sean Breslin, Oohology CEO, said the agency has worked with Engage Video for the past few years.…
  • Despite failure of local option sales tax, supporters say momentum is building

    Marty Finley
    27 Mar 2015 | 10:56 am
    “Good ideas never die, and this is a good idea.” Those were the first words Mary Ellen Wiederwohl said Thursday evening when Business First asked her about the future of a constitutional amendment allowing local communities the right to vote on a local option sales tax in the state. The amendment, if placed on the ballot, would ask Kentucky voters whether they want to authorize a mechanism through which local communities could approve up to 1 percent sales tax on top of the state's 6 percent…
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    Memphis Business News - Local Memphis News | Memphis Business Journal

  • Legals 03/27/2015

    27 Mar 2015 | 4:10 pm
    Request for Proposals The Shelby County Board of Education, Central Nutrition Center, will be accepting written proposals for a Consulting and Analytical Testing Laboratory. Visit our website for additional information: www.scsk12.org-Departments, Procurement Services link, click on Bids & RFPs. Questions concerning proposals should be addressed to Central Nutrition Center at (901) 416-5550. Thank you for your interest and responses. Shelby County Schools – Procurement Services Publication…
  • Grizzlies' Conley has an admirer in Magic Johnson

    Michael Sheffield
    27 Mar 2015 | 1:57 pm
    Memphis Grizzlies point guard Mike Conley has a big fan in Magic Johnson. During a visit to Booker T. Washington High School to discuss a new scholarship he was creating through his foundation with Cigna, Johnson was asked about the home team. While he said he wouldn’t be attending tonight’s game against the Golden State Warriors (he’s going to see his alma mater Michigan State take on Oklahoma in the Sweet 16), Johnson spoke highly of Conley. “I wish Conley got more publicity and credit…
  • Building permit pulled for LYFE Kitchen on Poplar

    Michelle Corbet
    27 Mar 2015 | 12:39 pm
    Carlisle Corp. is moving forward with its plans to bring Palto Alto, California-based restaurant startup LYFE Kitchen to the Mid-South. Carlisle’s Wendelta Property Holdings LLC filed a $1.1 million commercial alterations permit March 2 to remodel the former Sharky’s restaurant on Poplar Avenue into Memphis’ first LYFE Kitchen. Carlisle Corp. bought Sharky’s in August for $2.9 million after its operating company filed for Chapter 11 bankruptcy with debts near $1 million. Last May, Chance…
  • St. Jude scientific director resigns

    Ed Arnold
    27 Mar 2015 | 12:37 pm
    St. Jude Children's Research Hospital announced the director of its Scientific and Comprehensive Cancer Center has resigned. Richard Gilbertson is leaving St. Jude to return to his native England and become the director of the Cambridge Cancer Centre at the University of Cambridge. Gilbertson has been with St. Jude since 2000. "When Gilbertson joined St. Jude, he thought his stay in Memphis would be five years. We are so fortunate that he has devoted the past 15 years to St. Jude," James Downing,…
  • Fred's acquisition part of longer pharmacy trend

    Meagan Nichols
    27 Mar 2015 | 12:36 pm
    Fred’s is banking big on its pharmacy business. After its mega-million acquisition earlier in the week of Reeves-Sain Drug Store Inc., the Memphis-based discount retailer will have to wait and see how the push to grow its specialty pharmacies will play out. Below is a timeline of events for Fred’s Inc. (NASDAQ: FRED) over the last few years that show executive personnel changes, store reductions and fiscal report highlights. March 2015 Fiscal Report 2014: Net loss totaled $28.9 million, net…
 
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    Milwaukee Business News - Local Milwaukee News | The Business Journal of Milwaukee

  • Mike Jacobs: Retirement not related to Channel 4 ownership change

    Rich Kirchen
    27 Mar 2015 | 12:48 pm
    Longtime WTMJ-TV (Channel 4) news anchor Mike Jacobs says his decision to retire was planned several years ago and has nothing to do with the station’s ownership shifting to E.W. Scripps Co. “That’s a reasonable and fair question and the answer is ‘No,’” Jacobs said in a response to a question from John Mercure on “Wisconsin’s Afternoon News” on WTMJ-AM (620) Thursday evening. Jacobs said when he signed his last contract with WTMJ-TV four-and-a-half years ago, he told station…
  • Proposed route change would run streetcar through Jazz in the Park, Bastille Days

    Sean Ryan
    27 Mar 2015 | 12:45 pm
    Seeking to save significant money on construction costs, the city is considering a new route for the streetcar that has created a concern for events such has Jazz in the Park held in Cathedral Square Park. The city’s current plan would run the streetcar east and west on Wells Street between Broadway and Jackson Street. But there are a lot of underground utilities below Wells Street that would be costly to move for the streetcar. So Milwaukee engineers are considering an alternative to move the…
  • Wisconsin Energy CEO Klappa's direct pay up 1% last year, but pension estimate spikes

    Rich Kirchen
    27 Mar 2015 | 12:10 pm
    Wisconsin Energy Corp. chairman and CEO Gale Klappa’s spot on southeast Wisconsin’s highest-paid executives list is assured with total compensation of $12.5 million in 2014, but the vast majority of his increase results from a spike in the projected future value of his pension benefits. Klappa’s direct compensation in 2014, which the company (NYSE: WEC) disclosed Thursday in its proxy statement, increased about 1 percent compared with his direct compensation in 2013. Excluding the increased…
  • 'Transportation Circus' will highlight alternative forms of locomotion

    Tom Held
    27 Mar 2015 | 11:43 am
    A circus for the transportation-curious is coming to Milwaukee. In this case, the big top will be the streets around the 88Nine Radio Milwaukee (WYMS-FM) studio, 220 E. Pittsburgh Ave., and the acts will be buses and bikes and other forms of alternative transportation. A bigger draw might be the free beer from Milwaukee Brewing Co. The March 31 event from 5:30 to 7:30 p.m. will include tours of a Milwaukee County Transit System bus, bike maintenance demonstrations from Wheel & Sprocket shop mechanics,…
  • Sandy McGee: A People on the Move spotlight

    Barb Zaferos
    27 Mar 2015 | 10:53 am
    Every week in the Milwaukee Business Journal's Friday edition we take a closer look at a person who has been promoted or hired in the Milwaukee seven-county area. This week it is the addition of Sandy McGee as chief operating officer at Vrakas/Blum SC, Brookfield. In her new role McGee will be responsible for management of finances, human resources, marketing, facilities and operations, technology and information systems, and general administration. McGee answered a few questions for the Milwaukee…
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    Minneapolis Business News - Local Minneapolis News | The Minneapolis / St Paul Business Journal

  • Online service that matches tenants with office space expands to Denver

    Caitlin Hendee
    27 Mar 2015 | 1:54 pm
    Minneapolis-based Crelow has launched its online service that matches businesses with office space in Denver. Previously only available in the Minneapolis market, Crelow.com works by having prospective tenants select their desired office space features, such as square-footage, kitchen space, even whether pets are allowed, as well as their company culture. Crelow then conveys the details to the commercial real estate market and calls for bids without needing a broker. "Like many other industries,…
  • 10K Brewing will be Anoka's first craft brewery and taproom

    Clare Kennedy
    27 Mar 2015 | 12:23 pm
    Anoka is finally getting its own craft brewery. The city changed its ordinances to accommodate small brewers in 2012, but it wasn't until this winter that the northern suburb landed one. A new company called 10K Brewing announced this week that it signed a lease on a 1,900-square-foot section of the Bank Block, a 130-year-old building owned by Council Member Jeff Weaver at the corner of Second Street and Main in Anoka. The brewery and taproom will have room for 100 and four taps, with a beer selection…
  • Medtronic buys hearing-implant maker Sophono

    Katharine Grayson
    27 Mar 2015 | 11:52 am
    Medtronic bought Colorado-based maker of magnetic hearing implants Sophono Inc. for an undisclosed amount, it said Thursday. Boulder, Colo.-based Sophono's Alpha 2 bone-conduction hearing device turns sounds into vibrations, which then travel through patients' skin to their skull bones, Sophono said on its website. Medtronic will incorporate Sophono into its ear, nose and throat division. Sophono raised $7 million in funding in a round led by Wexford Capital in 2012. Medtronic (NYSE: MDT) is…
  • Amazon's 'home services' launch to include Twin Cities

    Katharine Grayson
    27 Mar 2015 | 9:54 am
    Amazon.com Inc. on Monday will launch an online marketplace for finding service providers like plumbers that will be available in more than 20 cities, including Minneapolis. TechCrunch first reported the news, citing sources familiar with the Seattle-based company's plans and a website for the service that's since been taken down. Called Amazon Home Services, the offering is a revamp of the company's Amazon Local Services business, which launched in three cities last fall. Amazon Local Services…
  • Hennepin Ave. and other downtown Minneapolis street closures start Monday

    Jim Hammerand
    27 Mar 2015 | 9:51 am
    Utility work will close Hennepin Avenue's southbound lanes south of the Mississippi River bridge starting Monday. The lanes will remain closed for about a week as CenterPoint Energy replaces a natural gas pipeline. The city of Minneapolis said the work will also close a block of Second Avenue North. Per a city news release: Southbound Hennepin Avenue will be closed at First Street for approximately one week. Traffic on southbound Hennepin will be detoured west onto First Street, then south onto…
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    Nashville Business News - Local Nashville News | The Nashville Business Journal

  • Convention center deal: Now it's time to show us the money

    Adam Sichko
    27 Mar 2015 | 12:58 pm
    After 15 months of work, business and city leaders on Friday heralded the arrival of a signed development agreement dictating how developers would revitalize downtown's most prominent piece of real estate. Highlights include a 27-story apartment tower with 350 units, and a 24-story office building with at least 300,000 square feet of space. There will be 205,000 square feet of upscale and new-to-Nashville retail, restaurant and entertainment space, as well as a home for the National Museum of African…
  • Nashville’s next 25 years: Highlights from the NashvilleNext report

    Scott Harrison
    27 Mar 2015 | 12:36 pm
    These topics shouldn't come as a surprise. In fact, they’re some of the key issues crystalizing around Nashville’s August mayoral election. A high-capacity mass-transit system, affordable housing and increased walkability in neighborhoods are among the top issues for the city moving forward, as outlined by NashvilleNext, Metro’s sprawling and extensive plan for the city's next 25 years, which was released Friday after three years of work. The report notes drastic demographic shifts in Nashville…
  • Charleston developer buys SoBro land for apartment project

    Adam Sichko
    27 Mar 2015 | 12:14 pm
    A developer from South Carolina has paid $5.65 million for land in downtown Nashville, where the company plans to build 250 apartments. The Beach Co. announced their plans Friday. The company has retained Nashville developer Marty Heflin to run the project, news we first reported earlier this month. "Nashville and SoBro hit the sweet spot for the kind of location young professionals are seeking," said John Darby, CEO of The Beach Co. The company expects to begin construction in late 2015. For…
  • Nashville ATHENA Program announces 2015 recipients, celebrates 25 years

    27 Mar 2015 | 11:40 am
    Earlier this month, the Nashville ATHENA Award Program announced its 2015 recipients. More than 400 attended the event at the Parthenon in Centennial Park, which also celebrated the program's 25th anniversary, according to a news release. This year's recipients include Traditional Award Recipient Kimberlee Wyche Etheridge, founder of WycheEffect LLC and assistant director for public health initiatives at Tennessee State University, and Young Professionals Recipient Katherine Y. Brown, founder of…
  • What's changed for employers, post-Obamacare

    Eleanor Kennedy
    27 Mar 2015 | 11:29 am
    Nearly a quarter of employers in an annual national survey prefer to wait until the last minute, at least when it comes to the Affordable Care Act. According to consulting firm Mercer's annual study of employer-sponsored health plans, 23 percent of surveyed employers waited until 2015 to take actions needed to comply with the ACA's requirements that they extend coverage to employees working more than 30 hours a week. Fifteen percent took action in 2014, before the requirement officially kicked off,…
 
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    Orlando Business News - Local Orlando News | The Orlando Business Journal

  • Exclusive: See which grocery store is coming to AMP Group's I-Drive center

    Cindy Barth
    27 Mar 2015 | 12:50 pm
    AMP Group, the company behind the successful Perfumeland store on International Drive, announced in early March it was bringing a grocery store to its Orlando Crossings complex this year, and now we know who that will be. Newark, N.J.-based A&J Seabra Supermarkets Inc. — which has locations in New York, New Jersey, Massachusetts and a store in Deerfield Beach — will take up 17,000 square feet of space at the Orlando Crossings shopping center. As previously reported by Orlando Business Journal,…
  • Mixed-use project near Lake Mary Verizon office adds 3rd phase

    Anjali Fluker
    27 Mar 2015 | 12:02 pm
    A new mixed-use development is getting bigger, thanks to demand from office tenants wanting to be near Verizon Communications Inc.’s accounting hub in Lake Mary. Central Parc at Heathrow LLC, whose leading partner is real estate executive Miguel de Arcos, bought a 5-acre site on Heathrow Park Lane adjacent to the existing complex and plans to build additional medical and professional office for sale. This third phase of the project, which is now 73,000 square feet, features nine additional offices…
  • Late-show host joining the Madame Tussauds lineup in Orlando

    Cindy Barth
    27 Mar 2015 | 11:46 am
    Jimmy Fallon, host of NBC's The Tonight Show, will be part of the Madame Tussauds attractions in New York; Washington, D.C.; Hollywood; San Francisco; and, yes, the new one in Orlando. Fallon will join Merlin Entertainments at its New York Tussauds attraction for a special launch of the five brand new, never-before-seen wax figurines of the TV host. This is the first time Madame Tussauds will unveil five unique wax figures of a single celebrity. "We are thrilled to welcome Jimmy Fallon to five…
  • UCF's John Hitt to receive John Young History Maker award

    Cindy Barth
    27 Mar 2015 | 10:49 am
    University of Central Florida President John Hitt will receive the Historical Society of Central Florida's 2015 John Young History Maker Award on April 23. The award is named after hometown astronaut Capt. John Young and is the highest honor given each year by the Historical Society to a Central Floridian whose lifetime of achievement has made a historic impact on the community. Since being named president of UCF on March 1, 1992, Hitt has led the school to triple its enrollment to 60,810 students,…
  • Attorney General's Office reaches settlement with Florida metal building companies

    Cindy Barth
    27 Mar 2015 | 10:37 am
    More than 500 consumers should expect to get about $500,000 in restitution under a settlement agreement between Attorney General Pam Bondi and several Florida metal building companies. This week, the Attorney General’s Office reached an assurance of voluntary compliance with U.S. Metal Buildings Corp., U.S. Building Systems Corp. dba U.S. Buildings; International Buildings LLC; and their principals. The businesses manufacture and sell custom-made or prefabricated steel and metal buildings from…
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    Philadelphia Business News - Local Philadelphia News | The Philadelphia Business Journal

  • Nominate your CFO for the 2015 Philadelphia Business Journal CFO of the Year Awards

    27 Mar 2015 | 11:46 am
    It's that time of the year again when the Philadelphia Business Journal has the great honor of recognizing the efforts of those unsung heroes of the C-suite – the chief financial officers. The PBJ is proud to announce the 2015 CFO of the Year Awards. Now is the time to nominate your CFO hero. But don't wait, the deadline for nominations is April 13. For the nomination form, click here. The winners will be honored at a special luncheon at the Crystal Tea Room in Center City Philadelphia on Thursday,…
  • Who's afraid of the Wolf budget? Business shouldn't be

    Stephen Herzenberg
    27 Mar 2015 | 11:30 am
    When you think of Pennsylvania's business community, the bold budget proposal of business leader-turned-Gov. Tom Wolf brings to mind a scene from the movie Austin Powers. I’m referring to the scene in which Dr. Evil silences his son Scott with "shh” every time Scott tries to speak, and then throws in an extra “shh” with the line “that was a pre-emptive shh.” The governor’s proposal to slash the Corporate Net Income (CNI) tax rate from 9.99% to 4.99% in just two years is a pre-emptive…
  • Cooper CEO stabbed wife then set fire to room in murder-suicide, investigators say

    Kelly Bayliss
    27 Mar 2015 | 10:46 am
    A high-profile hospital CEO killed his wife and then set fire to their bedroom in a bizarre murder-suicide, according to a report released by investigators Friday, nearly six months after their deaths. Firefighters found Cooper University Health System CEO John Sheridan Jr, 72, and his wife, Joyce, 69, in the burning master bedroom of their Montgomery Township, N.J., home on Sept. 28. The much revered CEO stabbed her multiple times in the face and then doused the room with gasoline, trapping them…
  • Philadelphia-area law school takes unusual step, will split in two

    Jeff Blumenthal
    27 Mar 2015 | 10:00 am
    In a move that has been in the works since Dean Linda Ammons stepped down last spring, Widener University’s application to split its law school into two separate schools has been approved by the American Bar Association. The law school has long had campuses in Harrisburg, Pa. and Wilmington, Del. They will now operate independently of each other and be led by separate deans, but remain part of the university. Rod Smolla will serve as dean of Widener University Delaware Law School, the name for…
  • Philly Pretzel cooks up an assertive domestic, international expansion

    Fran Hilario
    27 Mar 2015 | 8:58 am
    Philly Pretzel Factory has an aggressive growth strategy, with plans of opening 500 U.S. locations in the next five years and entering the international market by the end of next year. The pretzel company is in serious growth mode, and it’s even added a chief development officer, Tom Monaghan, to handle and plan its expansions. The company has 148 locations in 10 states, but it’s aiming to open at least 500 locations, in every state, by 2020. “We’ve got the brand, product and the operating…
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    Phoenix Business News - Local Phoenix News | The Business Journal of Phoenix

  • PHX Food Fight: Pizzeria Bianco dominates; Barrio Cafe, Los Dos Molinos nurse slim leads

    Tim Gallen
    27 Mar 2015 | 2:51 pm
    If one thing is clear after two days of our Phoenix Food Fight it's that people love Pizzeria Bianco. Of course, drawing Bianco in the first round likely would have been a tough matchup for anyone. Love it or hate it, Chris Bianco's pies are renowned here in Phoenix and nationally. Beyond the dominance of Pizzeria Bianco, there remains some heated competition across our four Food Fight categories as we head into the weekend. Barrio Cafe and La Grande Orange continue to trade leads in the casual…
  • Someburros rebrands to take on Chipotle, other competitors

    Brandon Brown
    27 Mar 2015 | 2:35 pm
    The last time Tempe-based Mexican chain Someburros changed its logo and branding over a decade ago, competitors such as Chipolte Mexican Grill (NYSE: CMG) did not have strong footing in the market. But recently the restaurant, which has six locations, went through a complete rebranding to look a little more up-to-date and take on the growing dominance of the Denver-based burrito maker. “We also wanted to make sure we stay current with the times and stay relevant,” said Tim Vasquez, Someburros…
  • Arizona coach Sean Miller's $50,000 (and potentially $800,000) March Madness paydays

    Mike Sunnucks
    27 Mar 2015 | 1:25 pm
    University of Arizona Head Basketball Coach Sean Miller earned a $50,000 bonus for last night’s Sweet 16 win over Xavier in Los Angeles. He could earn $800,000 if Arizona runs the table and wins all of March Madness this season. He already has secured $75,000 worth of bonuses for progressing in the NCAA Tournament. Miller will earn another $175,000 bonus if the Wildcats beat the University of Wisconsin on Saturday. The winner goes the Final Four. The UA coach will grab a $500,000 bonus if his…
  • Singapore fund that owns Biltmore shells out $140M for Blackstone commercial properties in Phoenix

    Mike Sunnucks
    27 Mar 2015 | 1:20 pm
    The same sovereign investment fund run by the government of Singapore that owns the Arizona Biltmore Resort & Spa has bought 14 commercial and industrial properties in Phoenix, Tempe and the West Valley for more than $140 million. The Arizona deals are part of a larger $8.1 billion acquistion of U.S. industrial and commercial properties by Singapore’s GIC. GIC bought the Biltmore in 2013. It bought the 14 Valley properties as part of its acquistion of Blackstone Group’s IndCor Properties 117…
  • ​Mission, vision, and (huh?) purpose

    Tom Zender
    27 Mar 2015 | 12:23 pm
    The idea of “mission” is a concept born in the military – what to do in a competitive setting. In business the mission describes what a company does and for whom. More recently, “vision” became an overriding statement of what the business will look like in the future. But few ask the key question: Why does the business exist? Mission: an example of a clear mission statement is, “Apple is committed to bringing the best personal computing experience to students, educators, creative professionals…
 
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    Pittsburgh Business News - Local Pittsburgh News | The Pittsburgh Business Times

  • New agreement for free T rides

    Sam Kusic
    27 Mar 2015 | 2:25 pm
    The Port Authority of Allegheny County has approved a new agreement providing for free light-rail rides between the First Avenue station downtown and the North Side Station on the North Shore. The agreement, with Pittsburgh's stadium authority, is for five years. It will cost the stadium authority and Alco Parking Corp., which shares the cost, close to $2 million over the life of the deal. The new agreements preserves a program offering free T rides between the two points.The previous deal expires…
  • DEP sets hearing date for Shell cracker permit

    Sam Kusic
    27 Mar 2015 | 1:24 pm
    The state Department of Environmental Protection has scheduled a public hearing on whether to issue an air quality permit for Royal Dutch Shell's proposed ethane cracker plant in Beaver County. The hearing has been set for 6 to 8 p.m. May 5 at Central Valley High School, 160 Baker Road Ext., Monaca. The department will take oral testimony on the permit application. The plant will convert ethane into ethylene, and then into polyethylene. Based on the permit application, the plant would be capable…
  • The deal Hog Father's would have liked to refuse

    Sam Kusic
    27 Mar 2015 | 12:41 pm
    As natural gas prices have fallen, producers have sought price breaks from businesses that supply them. As it turns out, they've sought concessions from those that feed them, too. Frank Puskarich, owner of Washington County-based Hog Father's Old Fashioned BBQ, said he was asked by energy producers to cut prices. In the end, Puskarich said he gave up around 10 percent, about a $1 per plate. It wasn't clear from his public remarks if prices came down for everyone or just those in the energy business. About…
  • Yablonsky: Wolf's severance tax plan will hurt development

    Sam Kusic
    27 Mar 2015 | 12:28 pm
    Gov. Tom. Wolf's proposed natural gas severance tax is, by a factor of two, the highest such tax in the U.S., Allegheny Conference on Community Development CEO Dennis Yablonsky said Friday. Yablonsky, speaking during a panel discussion about the downstream business opportunities presented by shale gas development, said the tax, as Wolf is proposing it, carries a 15 percent effective rate. And that, he said, is simply too much. "I believe, at that rate, we would see further capital investment reductions…
  • EXCLUSIVE: Lucky's Market looking in Pittsburgh's East End

    Tim Schooley
    27 Mar 2015 | 10:55 am
    A nationally known grocer with an organic and local approach is scouting the East End for a location in Pittsburgh. Lucky’s Market, which has expanded to 15 stores by emphasizing organic, local and gluten-free foods in stores set up in college communities, approached the Bloomfield-Garfield Corp. with interest in taking over the former Bottom Dollar Food store on Penn Avenue, according to Rick Swartz, executive director of the Bloomfield-Garfield Corp. Lucky’s had an interest in the former Bottom…
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    Portland Business News - Local Portland News | The Portland Business Journal

  • DEQ tells 800 industrial facilities to get the lead — and more — out

    Wendy Culverwell
    27 Mar 2015 | 1:19 pm
    Around 800 Oregon industrial facilities are under pressure to significantly cut the amount of lead, copper, zinc and other pollutants they release into Oregon waters. The Oregon Department of Environmental Quality, which regulates stormwater discharge, recently issued new industrial stormwater permits to 800 facilities. The new permits allow significantly lower amounts of dissolved metals and other pollutants than the ones they replace. The new benchmarks are part of an agreement with the Northwest…
  • Price of Addiction: Why the new war on drugs could work

    Elizabeth Hayes
    27 Mar 2015 | 1:11 pm
    U.S. Health and Human Services Secretary Sylvia Burwell on Thursday announced a three-pronged initiative — and $133 million in new funding — to combat rampant opioid and heroin abuse. Dr. Andy Mendenhall, medical director of Hazelden at Beaverton, thinks the strategy could work. Price of Addiction: Read more stories. “I’m really excited, and as an agency, we’re excited to see additional resources being applied to combat the epidemic,” Mendenhall said. The strategy Burwell outlined…
  • Oracle v. Oregon: State waived its immunity to be sued in federal court, Oracle argues

    Elizabeth Hayes
    27 Mar 2015 | 1:09 pm
    Oracle Corp. argues Oregon consented to the jurisdiction of the federal courts when it contracted in 2011 for work on the Cover Oregon health insurance exchange. Oracle has filed a motion for summary judgment in its lawsuit and is asking a U.S. District Court judge for an order stating that the state waived immunity. Oracle contends the state infringed the corporation’s copyrights for software code related to the now-defunct Cover Oregon. The state insists it cannot be held accountable because…
  • Report: Half of all NW hospitals cut energy consumption

    Wendy Culverwell
    27 Mar 2015 | 1:01 pm
    Half of the nearly 26,500 hospital beds in the Northwest are covered by a formal energy management plan 13 years after the Northwest Energy Efficiency Alliance launched its Hospitals and Healthcare Initiative. The program encouraged health care providers to improve the performance of their buildings. It set a goal of reaching 25 percent of the total market. A 2014 survey of Northwest hospitals and health systems commissioned by NEEA comes as the nonprofit, industry-funded efficiency group moves…
  • OHSU and other Oregon hospitals overbilled Medicare by millions

    Dennis Thompson
    27 Mar 2015 | 11:36 am
    Oregon hospitals overbilled Medicare $23 million in 2013, an increase of $8 million over the previous year, a new analysis has revealed. The state’s overbilling does not place Oregon high on a list of the worst states with Medicare waste — it only ranks 39th out of the 50 states — but does contribute to mismanagement that drained $46 billion in lost funds from the Medicare Trust Fund in 2014, says the advocacy group Council for Medicare Integrity. “If every state’s doing this to varying…
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    Raleigh Business News - Local Raleigh News | The Triangle Business Journal

  • Audit: N.C. DOT failed to check asphalt and concrete for safety

    Jason deBruyn
    27 Mar 2015 | 2:23 pm
    The N.C. Department of Transportation did not have the proper controls in place to properly test asphalt and concrete used in projects that were funded by the Highway Planning and Construction cluster grant, according to an audit released Friday from the office of State Auditor Beth Wood. “As a result, the Department failed to determine that materials used in federally funded highway projects met minimum safety and durability requirements,” the audit reads. It was conducted in 3,783 hours at…
  • Novella added 90 workers since Quintiles acquired the CRO

    Jason deBruyn
    27 Mar 2015 | 1:58 pm
    Roughly 18 months after research giant Quintiles (NYSE: Q) acquired Morrisville’s Novella for $147 million, things operate largely as they had prior to the acquisition. “The good news for us as an organization is that they’ve kept every promise that they’ve made as we were going into the deal structure,” says Richard Staub, president of Novella. Ask someone in Novella operations about the changeover and “they would tell you that nothing has changed.” Novella has even been able to…
  • Four Oaks board member now owns almost half the bank

    Lauren K. Ohnesorge
    27 Mar 2015 | 1:54 pm
    Bank entrepreneur and former SEC attorney Kenneth Lehman just doubled down on Four Oaks Bank parent Four Oaks Bancshares. Lehman, an angel investor who entered into a stock purchase agreement to buy $16 million worth of stock (at $1-a-share) in an offering in 2014, just snagged a board seat, along with former VantageSouth exec and newly tapped COO David Rupp. The appointments were effective this week. Lehman’s opinion will likely hold weight, as he now owns 47.89 percent of the company. The…
  • N.C. development partnership CEO: Hunt for an auto plant may lead to Korea

    Ken Elkins
    27 Mar 2015 | 1:19 pm
    Chris Chung has been on the job at the Economic Development Partnership of North Carolina about 10 weeks now and, yes, he has heard that the state wants his team to reel in an automobile assembly plant. Chung, CEO of the partnership, says the state may need to hire a contractor in Korea to help bring North Carolina its first auto plant. The targets would be Hyundai and Kia. “They’re doing very well in the U.S. with their sales, and at some point their level of sales in the U.S. will outstrip…
  • RDU CEO: We need money to maintain the airport

    Sougata Mukherjee
    27 Mar 2015 | 12:00 pm
    Raleigh-Durham International Airport – a facility that has played a big role in the Triangle’s growth – has a financial problem. It does not have enough money to maintain the $1.5 billion in assets it has amassed with the construction of Terminal 2, redevelopment of Terminal 1 and other ancillary services in and around the airport. So, RDU CEO Michael Landguth is seeking help from the federal government to open up the revenue stream for the airport. Landguth is not alone. Hundreds of airport…
 
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    Sacramento Business News - Local Sacramento News | The Sacramento Business Journal

  • Sutter Health improves its operating margin, reports less demand for charity care

    Kathy Robertson
    27 Mar 2015 | 2:53 pm
    Sutter Health swung to a healthy operating surplus in 2014, according to a new financial report released Friday. The nonprofit Sacramento-based health system reported operating income of $419 million, up from a loss of $22 million in 2013. Sutter’s total revenue rose 5.3 percent to $10.16 billion. The company reported net income of $402 million, up 34 percent from $300 million in 2013. These figures translate to a profit margin of 4 percent in 2014 versus 3.1 percent in 2013. The improvement…
  • Poll: Support for legalizing marijuana in California at record level

    Allen Young
    27 Mar 2015 | 2:46 pm
    Fifty-three percent of Californians told pollsters this month that marijuana should be legal, a record level of support since the Public Policy Institute of California began asking the question in 2010. According to a poll released this week, 45 percent of adults said the drug should remain illegal. Among likely voters, 55 percent favored legalization and 43 percent do not. A ballot measure to legalize marijuana is expected in 2016. This week, pro-pot gubernatorial candidate Gavin Newsom released…
  • Another sign that senior housing market is hot: Oakmont at Folsom sold less than a year after opening

    Ben van der Meer
    27 Mar 2015 | 2:12 pm
    A senior housing community in Folsom has sold as part of a portfolio deal. Oakmont of Folsom, a 66-unit community, sold along with another Oakmont-branded property in Southern California to Health Care REIT Inc. Greystone Real Estate Advisors, based in New York City, advised the deal. Sales prices for the two properties weren’t disclosed, though Oakmont’s Folsom property opened just last fall. Santa Rosa-based Oakmont Senior Living pushed ahead on construction of that and another senior housing…
  • Behind the list: California's top lobbying firms ... and their top clients

    Sharon Havranek
    27 Mar 2015 | 1:50 pm
    A lot of money gets spent in our state on lobbying -- as this week's list demonstrates. It features the top 25 lobbying firms -- and the top 25 industry groups ranked by dollars spent. During the 2013-2014 legislative session, organizations paid $579 million to lobbyists to influence the California Legislature. About $165 million went to the 25 firms on our list. Those firms employ 158 lobbyists. The Western States Petroleum Association is the biggest spender. It made payments of $13.6 million…
  • Kaiser is about to start bargaining with 100,000 workers. Here's how it will work

    Kathy Robertson
    27 Mar 2015 | 1:28 pm
    Kaiser Permanente sits down at the table next week to talk with a coalition of national unions that represent its workers. It will begin negotiating one of the largest private-sector contracts up for renewal this year. The coalition represents 100,000 workers in 28 union locals in eight states and the District of Columbia. Workers include registered nurses, maintenance and service workers, technicians, lab scientists, optometrists and others. More than half live in Northern California; almost 5,800…
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    St. Louis Business News - Local St. Louis News | The St. Louis Business Journal

  • St. Anthony’s to end affiliation with Cardinal Glennon

    Corey Noles
    27 Mar 2015 | 12:20 pm
    St. Anthony’s Medical Center said Friday it will end its pediatric emergency department affiliation with SSM Cardinal Glennon Children’s Medical Center, effective July 1. The two hospitals entered into a relationship in 2003 in which Cardinal Glennon physicians handled pediatric care at St. Anthony's, a 767-bed South County hospital. According to a hospital spokesman, the current affiliation agreement expires on June 30 and St. Anthony’s officials have informed Cardinal Glennon, located in…
  • GALLERY: Top 150 Privately Held Companies

    Veneta Rizvic
    27 Mar 2015 | 12:17 pm
    It's finally here! We're talking about the St. Louis Business Journal's Top 150 Privately Held Companies list of course. We call this the backbone of St. Louis business, and we even put together a gallery of all 150 companies for you. Go ahead, launch that slideshow and glance through all 150 of them. But don't forget to join us in honoring the Top 150 companies on Thursday, May 7 at the Peabody Opera House. The event will begin at 6 p.m. and feature McBride & Son Homes Inc. Chairman and CEO John…
  • St. Charles County inmate who died was denied medical care, suit alleges

    Jacob Kirn
    27 Mar 2015 | 10:24 am
    An inmate in a St. Charles County jail who complained of abdominal pain for five days was denied medical care and died, a civil rights lawsuit filed Friday by his mother alleges. Robert Breeding was incarcerated beginning on Aug. 25, 2013, and died of a perforated peptic ulcer on Aug. 30, 2013, according to the lawsuit, filed in U.S. District Court in St. Louis. During that period, Breeding had complained to guards, nurses, inmates, staff and family about abdominal pain, but no doctor was called…
  • On the market: the most expensive homes in St. Louis Hills

    Katlyn Keller
    27 Mar 2015 | 10:15 am
    On the market this week takes a look at some of the most expensive homes in St. Louis Hills. 5921 Highfield Road, $499,900 This three-bedroom, 4,000-square-foot ranch was built in 1950. It is located in St. Louis city in the St. Louis Hills neighborhood. It has some wood floors, four fireplaces, an in-ground pool and skylights. 6485 Westway Road, $439,900 This three-bedroom, one-and-two-half-bathroom, 2,800-square-foot ranch was built in 1952. The property sits on 0.31 acres and has a two-car…
  • Housing group wins national award for Midland States Bank pact on lending to minorities

    Greg Edwards
    27 Mar 2015 | 9:57 am
    A St. Louis housing group will receive a national award for its agreement with Midland States Bank that included two new locations and $16.6 million in loans in minority neighborhoods. The St. Louis Equal Housing and Community Reinvestment Alliance (SLEHCRA) will receive the National Community Reinvestment Coalition’s National Community Reinvestment Award. SLEHCRA had complained to the Federal Reserve that Midland, based in Effingham, Illinois, had too few home loan applications from black borrowers.…
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    San Antonio Business News - Local San Antonio News | The San Antonio Business Journal

  • Mexico signs second pipeline deal to import Eagle Ford natural gas

    Sergio Chapa
    27 Mar 2015 | 2:28 pm
    Mexico's national oil company PEMEX has signed a deal with U.S.-based investment firms BlackRock and First Reserve to begin the second phase of a pipeline that will bring natural gas from the Eagle Ford shale to cities hundreds of miles south of the border. PEMEX CEO Emilio Lozoya-Austin signed the deal with representatives from both companies in Mexico City on Thursday. Under the 25-year deal, BlackRock is investing $4.6 billion and First Reserve is investing $30 million in the Los Ramones II…
  • Tesoro workers returning to their jobs following seven-week strike

    Sergio Chapa
    27 Mar 2015 | 1:05 pm
    After spending more than seven weeks on strike, workers are returning to their jobs at three facilities owned by San Antonio-based Tesoro Corp. The strike at the three Tesoro (NYSE: TSO) facilities was part of a nationwide strike that started on Feb. 1 and ballooned to include some 7,000 workers from 15 facilities in seven states. The United Steelworkers announced on Wednesday, March 25 that local union members at the three refineries voted to ratify their new labor agreements. Got Energy Sign…
  • Compassionate care bills move through Senate, House committees

    Kimberly Reeves
    27 Mar 2015 | 12:57 pm
    Two bills intended to extend availability of experimental drugs to terminally ill patients have been introduced in both House and Senate committees this session. These so-called compassionate care bills are intended to honor the memory of the late Andi Sloan , an attorney with the Texas Advocacy Project who died after a seven-year battle with ovarian cancer. Sloan and her Andi’s Army fought for access to a drug on the shelves used to treat other cancers but not ovarian cancer. Sloan died on New…
  • San Antonio’s size proving to be a challenge for Google Fiber

    W. Scott Bailey
    27 Mar 2015 | 12:57 pm
    Google has selected Salt Lake City as its next Google Fiber community, leaving San Antonio as one of four markets still under consideration for the company’s gigabit-per-second, fiber-optic Internet network. San Antonio, Phoenix, Portland and San Jose are classified as potential Google Fiber cities. While the Alamo City’s size is attractive, it has also proven to be a challenge for Mountain View, California-based Google (NASDAQ: GOOG). Mayor Ivy Taylor said San Antonio represents the “largest…
  • Toyota helping to build skilled manufacturing workforce in San Antonio

    James Aldridge
    27 Mar 2015 | 12:50 pm
    Toyota Motor Manufacturing Texas Inc. and the San Antonio Manufacturers Association have formed a new workforce development initiative that’s aimed preparing more young people for careers in manufacturing. The Japanese automaker, which has an assembly plant in San Antonio that builds Tundra and Tacoma trucks, will award six grants to manufacturing firms that agree to furnish internships to promising workers. Toyota is making a donation to the Alamo Academies’ Advanced Technology Manufacturing…
 
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    San Francisco Business News - Local San Francisco News | The San Francisco Business Times

  • Sutter Health's profit makes a healthy jump

    Chris Rauber
    27 Mar 2015 | 2:36 pm
    Sutter Health, a Sacramento-based nonprofit battling a reputation for high costs, said its net income jumped 34 percent last year to $402 million, while revenue topped $10.1 billion. The prior year, Sutter posted a $300 million profit on $9.65 billion in revenue. Operational results improved significantly, producing $419 million in operating profit last year, compared to a $22 million loss in 2013 — its only such loss since 1999. Some improvement likely came from workforce reductions. Sutter's…
  • Kleiner Perkins wins partial verdict, jury resumes deliberations on Ellen Pao retaliation claims (updated)

    Cromwell Schubarth
    27 Mar 2015 | 2:25 pm
    A jury ruled Friday that Menlo Park venture capital firm Kleiner Perkins Caufield & Byers didn't discriminate against a former junior partner, Ellen Pao. But an 8-4 majority verdict against the allegation that the firm retaliated against Pao wasn't enough for Judge Harold Kahn, who sent the jury back to deliberate more on that issue. The jury delivered its verdict to a packed courtroom in San Francisco shortly after 2 p.m. The five-week trial in San Francisco captivated founders and funders in…
  • Other tech giants join Salesforce CEO in slamming new Indiana law

    Jim Gardner
    27 Mar 2015 | 2:14 pm
    Several Bay Area tech company CEOs lent their support to calls by Salesforce's Marc Benioff to reduce investment and business ties in Indiana in response to a new law that critics say will serve as legal cover for anti-gay discrimination. [Scroll down to see tweets from Bay Area tech leaders] Yelp CEO Jeremy Stoppelman issued an open letter decrying the Indiana law and similar measures now being considered in several other states. Yelp would not deepen business ties or increase investment in states…
  • Apple CEO Tim Cook: I'll give my fortune away to charity

    Chris Rauber
    27 Mar 2015 | 1:39 pm
    Tim Cook plans to give virtually all of his nearly $800 million fortune to charity before he dies, the Apple (NASDAQ: AAPL) CEO told Fortune magazine as part of a wide-ranging March 26 profile. Cook told the business publication that other than providing for a 10-year-old nephew's education, "He plans to give away all his wealth," wrote Fortune's Adam Lashinsky. The Fortune story says Cook has about $120 million in Apple stock, along with restricted holdings amounting to roughly $665 million, when…
  • In developer's pitch to build tiny apartments, opponents rally for 'family housing'

    Cory Weinberg
    27 Mar 2015 | 10:00 am
    A developer pitching a housing project filled only with tiny studios and one-bedrooms on Market Street got a chilly reception from the Planning Commission on Thursday. Paragon Real Estate Group’s 48-unit market-rate project was seeking the first exception in recent memory to the city law that requires builders in the Market-Octavia area to build 40 percent of the project as two-bedroom or larger units. Warner Schmalz, the project’s architect, said the property at at 1700 Market St. was relatively…
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    San Jose Business News - Local San Jose News | The Silicon Valley / San Jose Business Journal

  • Hacking Weekend Sports: Warriors clinch Pacific, take win streak on road

    Philip Beadle
    27 Mar 2015 | 3:09 pm
    It’s no surprise that the Golden State Warriors were the first team to tie up their division, winning the Pacific Division Championship for the first time since 1976. It’s been a record season for the Warriors, and the team has a chance to not just extend its current seven-game winning streak tonight, but also to tie its franchise record for season wins tonight in Memphis. It’s about time to see how much pride the San Jose Sharks have. Not playing for a playoff spot anymore, pride is pretty…
  • DeVry University leases in Edenvale

    Nathan Donato-Weinstein
    27 Mar 2015 | 3:03 pm
    Equinix's big land acquisition this week isn't the only recent real estate activity in Edenvale. DeVry Education Group Inc. recently leased 48,802 square feet at 5883 Rue Ferrari, a building in the Edenvale Business Park. The company, which operates the Carrington College network of for-profit private colleges, was already in the neighborhood at 6201 San Ignacio. The new lease is not a major size increase, but allows the school to have newer, updated facilities and more parking, said Patty Steele,…
  • Sneak peek at the first-ever Aloft hotel conversion in Sunnyvale

    Nathan Donato-Weinstein
    27 Mar 2015 | 2:53 pm
    When hotel developer Shashi Group first considered buying the old Pacific Inn in Sunnyvale, the original thought was to rehabilitate it and operate it as a boutique property. Then Brian McGuinness, who heads up Starwood's select service properties, took a tour of the asset while in town. (Shashi developed the Aloft Cupertino, rumored to be the most successful in the brand's portfolio.) "He said 'Yeah, let's do it,'" said Alex Stanford, VP of design and construction for Shashi Group, on a recent…
  • Kleiner Perkins wins partial verdict, jury resumes deliberations on retaliation (Correction)

    Cromwell Schubarth
    27 Mar 2015 | 2:23 pm
    A jury ruled Friday that Menlo Park venture capital firm Kleiner Perkins Caufield & Byers didn't discriminate against a former junior partner, Ellen Pao. But there weren't enough votes to settle a separate claim that the firm retaliated against Pao for complaining about gender bias. An 8-4 majority said the firm did not retaliate against her, which Judge Harold Kahn ruled isn't enough for a verdict so he sent the jury back to deliberate more on that issue. The six-man, six-woman jury delivered…
  • First look at Apple Watch third-party apps

    Gina Hall
    27 Mar 2015 | 2:17 pm
    We won’t have our new Apple watches on our wrists for another four weeks, but Apple already revealed its first wave of third-party apps on Thursday. Notable names missing from the list so far? Facebook and Google. The list is made up of 24 apps curated by Apple, according to 9to5Mac. Many critics are already bemoaning the selection, noting that besides Apple Watch support, the apps bring little or no new functionality to the watch. So what will new apps provide? The same thing, only smaller Apps…
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    Seattle Business News - Local Seattle News | The Puget Sound Business Journal

  • $273M: 'Twin Toaster' towers sale is biggest of 2015 so far

    Marc Stiles
    27 Mar 2015 | 4:11 pm
    The Metropolitan Park East and West office buildings in downtown Seattle have sold for just over $272.8 million, according to public records. That's 30 percent more than what the office campus – known locally as the "Twin Toasters" for their shiny exteriors and boxy shapes – sold for less than three years ago. The price is the highest paid for a real estate asset so far this year in King County. Documents that King County recorded on Friday show that CBRE Global Investors of Los Angeles bought…
  • A look back at All Nippon Airways' 12-year turbulent relationship with Boeing's Dreamliner

    Steve Wilhelm
    27 Mar 2015 | 2:51 pm
    All Nippon Airways, the airline that more than any other has been wedded to Boeing’s 787 Dreamliner, renewed its vows on Friday. By finalizing an order for three 787-10s, the largest of the three 787 models, All Nippon cemented its commitment to the Dreamliner, and will become the first Asian airline to operate all three models of the plane. United Airlines and British Airways also have ordered all three models. All Nippon operates 34 Dreamliners, the largest fleet of 787s in the world, and so…
  • 'Strive to do something that feeds your soul, not your pocketbook' and other advice from women business leaders

    Becky Monk
    27 Mar 2015 | 2:32 pm
    On Monday, March 30, nearly 300 people are expected to attend Mentoring Monday, a Business Journal event at the Renaissance Seattle Hotel. At the sold-out event, which will be happening simultaneously in 43 cities across the country where the PSBJ's parent company, American City Business Journals, have operations, the attendees will be able to ask 42 of the region's top women executives for career advice. We asked some of the business leaders who agreed to be mentors what advice they would have…
  • Instant replay: Here's why this Seattle entrepreneur launched a new startup a month after her first failed

    Rachel Lerman
    27 Mar 2015 | 2:27 pm
    Startups fail. About nine out of 10 of them fail, in fact. Many entrepreneurs will tell you that’s just part of the experience. It’s what you do with that failure. Some entrepreneurs take time off, others take jobs at other companies. Some eventually launch startups again. For Janelle Maiocco, “eventually” was about four weeks. Maiocco founded another company with a very similar mission this month after her startup Farmstr closed in February. Maiocco already knew she was passionate about…
  • Counting raindrops and courting Warren Buffett — all in a day's work for Bellevue couple

    Marc Stiles
    27 Mar 2015 | 2:24 pm
    A Bellevue family made a big bet several years ago when it paid $8.5 million for a slice of a former sand-and-gravel pit in Everett and started making plans to build a big warehouse. Despite some anxious times for the husband – David Gartland, an engineer who spent rainy nights thinking about how much water was falling on his 25 acres of dirt – it has turned out OK so far. He and his wife, Shannon Underwood, and their real estate brokers from the Broderick Group have have found tenants for most…
 
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    South Florida Business News - Local South Florida News | The South Florida Business Journal

  • Floridians’ financial confidence is at its highest in 10 years

    Nina Lincoff
    27 Mar 2015 | 11:57 am
    The confidence level of Sunshine State consumers jumped more than three points to 96.8 in March, according to a monthly University of Florida study released Thursday. That means that Florida’s consumer sentiment is the highest it’s been in 10 years. UF gauges consumer sentiment among Floridians each month and in March, the university’s survey showed that Floridians are increasingly confident about finances and the economy. The survey rates consumer sentiment on a scale of 2 to 150. Perceptions…
  • EXCLUSIVE: How AutoNation will sell its next 10 million cars

    Emon Reiser
    27 Mar 2015 | 11:47 am
    After years of growing vehicle sales, Fort Lauderdale-based AutoNation says it will sell its 10 millionth car in May. CEO and President Mike Jackson said no other dealership in the country has achieved that many car sales in the history of automotive retail. In an exclusive interview with the South Florida Business Journal, Jackson outlined the goals and challenges that come with selling 10 million vehicles. AutoNation will continue to focus on digital-to-store experiences. In December, the company…
  • Broward tax preparer gets 6 years for an identity theft tax fraud scheme

    Nina Lincoff
    27 Mar 2015 | 11:13 am
    Just in time for the close of tax season, the operator of several tax preparation businesses was sentenced Thursday to five years and ten months in prison followed by three years of supervised release for an identity theft tax fraud scheme. Broward County resident Julio Lugo was also ordered to pay $279,903 in restitution, according to the U.S. Attorney’s Office for the Southern District of Florida. The scheme ran from about October 2010 through September 2012, according to an indictment. Lugo,…
  • American Express continues layoffs in Weston, cuts 21 more jobs

    Nina Lincoff
    27 Mar 2015 | 11:02 am
    American Express submitted notice Tuesday that is would permanently lay of 21 employees at its Weston Global Billing Services office. On Sept. 24, 2013, the company announced that is was closing its Weston Global Billing facility and moving the billing portion to U.S. vendor DST Output . In the process of closing the facility, American Express has terminated the employment of over 400 people and this is just the latest in the round of cuts. The company expects the process to be completed this year. American…
  • FINRA disciplines five South Floridians and one securities brokerage

    Nina Lincoff
    27 Mar 2015 | 10:53 am
    A Miami-based securities brokerage and five South Florida individuals faced enforcement actions from the Financial Industry Regulatory Authority (FINRA) in the past month: Aggressive trading West Palm Beach-resident Naveen K. Bhagwani has entered into a settlement agreement with FINRA, wrapping up a regulatory order filed in February of 2014. Bhagwani agreed to a ban from the securities industry without admitting to or denying the findings. Bhagwani worked at NSM Securities between September 2007…
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    Tampa Business News - Local Tampa News | The Tampa Bay Business Journal

  • Contempt of court motion filed in Dunkel divorce over millions in Kforce stock

    Alexis Muellner
    27 Mar 2015 | 2:54 pm
    Kforce CEO David Dunkel is no longer married to his ex-wife, but that isn’t stopping some high stakes maneuvering in court. At play, the remainder of the 682,115 shares of Kforce (Nasdaq: KFRC) stock, more than $7 million worth, that wasn’t included when the CEO transferred 361,263 of the stock worth $8.2 million to his former wife, now known as Maureen Daly. The CEO has yet to turn over more than $1 million in cash, also part of the February court order. The stock he did transfer was large…
  • Kriseman proposes new agreement with Rays to search for stadium sites in Hillsborough, Pinellas

    Ashley Gurbal Kritzer
    27 Mar 2015 | 2:50 pm
    St. Petersburg Mayor Rick Kriseman is taking another crack at reaching an agreement that will allow the Tampa Bay Rays to search Pinellas and Hillsborough counties for a site for a new Major League Baseball stadium. Kriseman on Friday submitted a new agreement to the St. Petersburg City Council, which voted down the memorandum of understanding he proposed with the team in early December. The new proposal has two key differences: If city council accepts the agreement, the Rays will provide the…
  • CPAs on the Move: Brandon Powers

    27 Mar 2015 | 2:23 pm
    Brandon Powers Aug. 5, 2014 New hire Employer: Skoda Minotti Position: Manager Summary: Powers has joined the firm as a member of the tax team. This is part of the Lawyers & CPAs on the Move section featuring new hires and promotions in 2014.
  • CPAs on the Move: Jim Daniel

    27 Mar 2015 | 2:21 pm
    Jim Daniel July 29, 2014 New hire Employer: Thomas Howell Ferguson CPAs Position: Senior Manager, Assurance Services Summary: Daniel received his Bachelor of Science in Business Administration in accountancy from the University of Central Florida and has more than 30 years of experience in auditing. This is part of the Lawyers & CPAs on the Move section featuring new hires and promotions in 2014.
  • CPAs on the Move: Brian Berry

    27 Mar 2015 | 2:18 pm
    Brian Berry Aug. 15, 2014 New hire Employer: PDR Certified Public Accountants Position: Staff Accountant Summary: Berry has a bachelor’s degree in accounting from Saint Leo University and has previous experience working for an accounting firm. This is part of the Lawyers & CPAs on the Move section featuring new hires and promotions in 2014.
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    Washington, D.C. Business News - Local Washington, D.C. News | The Washington Business Journal

  • Monument plans micro-hotel in Chinatown

    Jeff Clabaugh
    27 Mar 2015 | 3:02 pm
    Monument Realty has formed a joint venture with Modus Hotels and the Cafritz Co. to develop a micro-hotel on an H Street NW site in Chinatown once planned for an 80,000-square-foot office-and-retail building. The partners are planning to build a 230-room micro-hotel at 627 H St. NW with ground-floor retail space. Construction on the $60 million project is slated to start later this month with delivery expected in 2016. While the site was initially planned for office, Monument President Michael Darby…
  • Moody's downgrades Metro transit bonds

    Michael Neibauer
    27 Mar 2015 | 1:49 pm
    Citing its poor handling of federal grants and the restrictions placed on its spending as a result, Moody’s Investors Service said Friday it has downgraded the Washington Metropolitan Transit Authority’s transit bonds, while revising Metro’s outlook from stable to negative. “The downgrade reflects a ramp-up by WMATA of short-term debt as a tool to bridge restrictions on its receipt of federal funds, the result of findings from a Federal Transit Administration audit of the Authority’s grant’s…
  • Home of the Day: Perfection Defined

    <strong><a href="/washington/resources/real-estate/home-of-the-day/long-and-foster">The Souza Group of Long & Foster Real Estate, Inc.</a></strong>
    27 Mar 2015 | 1:11 pm
    By Cindy Souza, Agent Home of the Day is presented by the Washington Business Journal with The Souza Group of Long & Foster Real Estate, Inc.. This is your invitation to view some of Washington, D.C.'s most-luxurious properties. Come inside and take a look around. Click on the gallery image to view today's featured property. 9237 Cambridge Manor Court, Potomac, MD 20854 | $2,235,000 Breathtaking from the moment you pull up the circular driveway! Located on almost an acre lot in a cul-de-sac…
  • Steve Case thinks millennials are more eager to start companies than past generations. Here's why.

    Kasra Kangarloo
    27 Mar 2015 | 11:28 am
    I caught up with Steve Case earlier this week about the latest chapter in his Rise of the Rest tour, and why the third wave of the Internet should prop up D.C.'s tech ecosystem. He also mentioned a few interesting tidbits about why the millennial generation (a somewhat annoying, amorphous title, but I'll take it) are more likely to break into the world of entrepreneurship. Here are two thoughts on the subject: 1) Case said it’s now "more socially acceptable to be an entrepreneur and be part of…
  • If there’s a Beltway Series, Marlo Furniture will refund purchases

    Jeff Clabaugh
    27 Mar 2015 | 11:14 am
    Marlo Furniture says it will refund all purchases made between March 30 and April 6 if the Baltimore Orioles and the Washington Nationals end up facing off in the World Series. That is potentially millions of dollars in refunds, but Marlo's not going too far out on a limb. The longtime local retailer — with five stores and a warehouse in Greater Washington — is covering the potential loss, regardless of how remote, with an insurance policy. “We’re funding the refunds with insurance because…
 
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    Wichita Business News - Local Wichita News | The Wichita Business Journal

  • TCK departing 125 N. Market for another downtown space

    Josh Heck
    27 Mar 2015 | 1:00 pm
    The Trust Company of Kansas is relocating, but the company is staying downtown. TCK has signed a long-term lease for 6,758 square feet of space in the Farm Credit building at 245 N. Waco. The company will vacate its 7,500-square-foot space in the 125 N. Market building. Tony Utter, of Utter Commercial Real Estate, represented the Farm Credit building. Don Arnold, of John T. Arnold & Associates, represented TCK. This marks the first time in more than 15 years TCK will be relocating. Company President…
  • Fans welcome Shockers home from NCAA Tournament after Sweet 16 loss

    Josh Heck
    27 Mar 2015 | 12:46 pm
    Though the return to Wichita was sooner than the Shocker faithful had hoped, the men’s basketball team was treated to a hero’s welcome Friday afternoon at Charles Koch Arena. Dozens of Shocker fans and Wichita State University students gathered outside the arena to welcome the team home after its Sweet 16 trip to Cleveland. The Shockers lost to Notre Dame Thursday, 81-70, and the pain of the loss was still evident on players’ faces. Still, those in attendance cheered and thanked the team…
  • Shocker fans plan to make the best of a cold Cleveland weekend

    Daniel McCoy
    27 Mar 2015 | 12:42 pm
    It was a frigid Friday in Cleveland, where Wichita State University fans were still coming to grips with the Shockers’ loss on Thursday to Notre Dame in the NCAA basketball tournament. While the weather (understandably) seemed to be keeping many of those fans still in town holed up, others said they plan enjoy the rest of their time in Cleveland. Among them were Ernie and Mary Joan Fink and their daughter, Jill Rarig. On Friday, they were doing some shopping in Tower City Center, with more outings…
  • Boeing finalizes order with ANA for 787-10s

    Bill Wilson
    27 Mar 2015 | 12:30 pm
    The Boeing Co. announced Friday that it has finalized an order with All Nippon Airways for three of its largest Dreamliner aircraft, the 787-10. The deal is worth around $900 million at list prices. Boeing (NYSE: BA) said in a press release that ANA — launch customer for the 787 and the carrier with the largest 787 fleet in operation — becomes the first Asian airline to have all three models of the Dreamliner, the -8, -9 and -10. The order will also mean work for Spirit AeroSystems Inc. (NYSE:SPR)…
  • Bombardier’s CSeries won’t fly commercially this year, report says

    Bill Wilson
    27 Mar 2015 | 12:26 pm
    The Bombardier CSeries won’t carry commercial passengers until next year, the Wall Street Journal reports. It’s the latest setback for the embattled program, purportedly the reason that the company idled work in Wichita earlier this year on its Learjet 85. The news sent shares falling 0.4 percent to $2.50. However, company officials still believe the plane will be certified later this year, clearing the way for delivery to an unnamed first customer.
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