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  • Construction on $1.3B Thirty Meter Telescope in Hawaii may start in the fall

    National Business News - Local Business News | bizjournals
    Matt Tuohy
    28 Jul 2014 | 8:33 pm
    Construction of the $1.3 billion Thirty Meter Telescope atop Mauna Kea on Hawaii's Big Island could start as early as this fall. The telescope, the largest of its kind, will allow researchers to study planets in our solar system, explore other galaxies and help determine the age of the oldest stars in the universe. The Thirty Meter Telescope has been in production for about 10 years, said Ed Stone, a professor of physics at the California Institute of Technology and the new executive director of…
  • EXCLUSIVE: Cranley steps up on Union Terminal funding; could lead to vote on icon tax

    Business News from the Midwest - bizjournals.com
    Chris Wetterich
    28 Jul 2014 | 3:21 pm
    Cincinnati Mayor John Cranley said Monday he would have the city make annual payments toward the upkeep of Union Terminal for the next 25 years, a move that could pave the way for Hamilton County commissioners to place the so-called icon tax on November’s ballot. Cranley, a Democrat, will propose that the city continue to make $200,000-a-year annual payments toward Union Terminal’s maintenance. That’s what the city has been paying each year, but it is not legally obligated to continuing doing…
  • Judge's ruling allows Ballmer purchase of LA Clippers to proceed

    Bizjournals.com Northwest RSS Feed
    Erin Van Bronkhorst
    28 Jul 2014 | 5:11 pm
    A judge ruled in favor of Shelly Sterling on Monday, rejecting Donald Sterling's arguments in a move that appears to allow Steve Ballmer's purchase of the Los Angeles Clippers to proceed, the Los Angeles Times reported. Judge Michael Levanas of Los Angeles Superior Court gave a tentative oral decision in Shelly Sterling's favor on all three counts in the probate trial, rejecting her husband's arguments and granting an order that allows the sale to be completed, the newspaper said. "Ballmer paid…
  • KaloBios dips as Sanofi Pasteur returns infection-fighting drug

    Business News from Southwest US - bizjournals.com
    Ron Leuty
    28 Jul 2014 | 5:58 pm
    Sanofi Pasteur returned the rights to an experimental infection-fighting drug to KaloBios Pharmaceuticals Inc., sending the South San Francisco company's stock to a new 52-week low. KaloBios (NASDAQ: KBIO), which was one of the first life sciences IPOs of 2013, saw its stock fall more than 16 percent in after-hours trading Monday to $1.61 per share. It had closed regular trading down two pennies to $1.93. The stock's previous 52-week low was $1.66. The drug that Sanofi Pasteur is returning —…
  • New Mass. law allows public input in nursing home acquisitions, closures

    Business News from the Northeast US - bizjournals
    Jessica Bartlett
    28 Jul 2014 | 8:15 pm
    Companies looking to acquire, merge or close nursing homes will now have to go through a public hearing process to do so under new legislation signed by Gov. Deval Patrick. Passed as part of the state budget for the new fiscal year, the legislation will require the opportunity for public input before any license application, transfer of ownership, sale or closure of any skilled nursing facility, in addition to existing reviews by the state Department of Public Health. “Right now, if a hospital…
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    National Business News - Local Business News | bizjournals

  • Construction on $1.3B Thirty Meter Telescope in Hawaii may start in the fall

    Matt Tuohy
    28 Jul 2014 | 8:33 pm
    Construction of the $1.3 billion Thirty Meter Telescope atop Mauna Kea on Hawaii's Big Island could start as early as this fall. The telescope, the largest of its kind, will allow researchers to study planets in our solar system, explore other galaxies and help determine the age of the oldest stars in the universe. The Thirty Meter Telescope has been in production for about 10 years, said Ed Stone, a professor of physics at the California Institute of Technology and the new executive director of…
  • Finance Factors closes on purchase of Honolulu property

    Jason Ubay
    28 Jul 2014 | 8:15 pm
    Finance Factors said Monday it has closed on the purchase of a two-story commercial and residential building in Honolulu's Kaimuki neighborhood for an undisclosed price. The locally owned financial services company would like to open a branch there but no specific plans are set, said Corinne Tanna, vice president of marketing, Finance Factors. She said a new branch would require approval from the Federal Deposit Insurance Corp., which would take at least a year. The company will, however, refinish…
  • New Mass. law allows public input in nursing home acquisitions, closures

    Jessica Bartlett
    28 Jul 2014 | 8:15 pm
    Companies looking to acquire, merge or close nursing homes will now have to go through a public hearing process to do so under new legislation signed by Gov. Deval Patrick. Passed as part of the state budget for the new fiscal year, the legislation will require the opportunity for public input before any license application, transfer of ownership, sale or closure of any skilled nursing facility, in addition to existing reviews by the state Department of Public Health. “Right now, if a hospital…
  • Mohegan Sun ends its 99-year lease for Palmer site

    28 Jul 2014 | 8:05 pm
    Mohegan Sun is ending its 99-year lease with Northeast Realty for the former casino site off Thorndike Street in Palmer, blaming its inability to find a major retailer to anchor a proposed development there as the reason. Northeast Realty, in a prepared statement, said the move comes as no surprise and "confirms Northeast's position that Mohegan Sun never intended to legitimately pursue non-gaming development" on the Palmer land off Route 32. Northeast said that the lease agreement gives Mohegan…
  • Boston Harbor Cruises has more than doubled in size since 2006

    Jon Chesto
    28 Jul 2014 | 7:59 pm
    If the Market Basket mess is a perfect example of what can go wrong with a family-owned company, then Boston Harbor Cruises’ rising tide is a perfect example of what can go right. The company’s roots date back to 1926, and its latest upward trajectory began in 2006 when members of the Nolan family bought out Modern Continental’s majority stake. The construction contractor, best known for the Big Dig, had run aground amid significant financial problems. It was a good opportunity for the Nolans…
 
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    Business News from the Midwest - bizjournals.com

  • EXCLUSIVE: Cranley steps up on Union Terminal funding; could lead to vote on icon tax

    Chris Wetterich
    28 Jul 2014 | 3:21 pm
    Cincinnati Mayor John Cranley said Monday he would have the city make annual payments toward the upkeep of Union Terminal for the next 25 years, a move that could pave the way for Hamilton County commissioners to place the so-called icon tax on November’s ballot. Cranley, a Democrat, will propose that the city continue to make $200,000-a-year annual payments toward Union Terminal’s maintenance. That’s what the city has been paying each year, but it is not legally obligated to continuing doing…
  • Isle of Capri’s former executive chairman, CEO retires from board

    Jacob Kirn
    28 Jul 2014 | 3:09 pm
    James Perry has retired from the board of Isle of Capri Casinos Inc. The move follows the company's elimination earlier this month of his previous post of executive chairman. Perry notified the company July 25 that his retirement was effective immediately and wasn’t because of any disagreement with the company, Isle officials said in a regulatory filing Monday with the Securities and Exchange Commission. Earlier this month, Isle officials had said they had eliminated the executive chairman…
  • Washington man pleads guilty to role in Boeing bribery scheme

    Jacob Kirn
    28 Jul 2014 | 2:30 pm
    The owner of a manufacturing firm has pleaded guilty to mail and wire fraud in connection with a bribery scheme involving Boeing aircraft parts. Jeffrey Lavelle, 52, of Mukilteo, Washington, owner and operator of J.L. Manufacturing, pleaded guilty to one count of mail fraud and two counts of wire fraud. Lavelle will be sentenced Oct. 27. Deon Anderson, 47, a procurement officer for Boeing in St. Louis, beginning in May 2011 and continuing through April 2013, provided J.L. Manufacturing non-public…
  • Former Venice Club sells to Irgens

    Alison Bauter
    28 Jul 2014 | 2:08 pm
    A Milwaukee development group has purchased the recently shuttered Venice Club's Brookfield digs, according to state records. Irgens finalized the deal a few weeks back, according to Casper Balistreri, who ran the Italian staple at 1905 N. Calhoun Road for more than two decades. "They (Irgens) don’t know what they’re going to do with the property," Balistreri said. "At this point they’re undecided." An Irgens spokesman did not immediately respond to calls for comment Monday. State records…
  • Epcon Communities returns to Hilliard with 50-unit condo project

    Brian R. Ball
    28 Jul 2014 | 2:07 pm
    Dublin condominium developer Epcon Communities has a Hilliard community nearing construction after nearly 20 years building on the edges of the suburb. The 50-unit Courtyards at Hayden Run will get under construction in August after a ceremonial groundbreaking nearly two weeks ago. Nanette Overly, Epcon’s vice president of sales and marketing, told me the community set for 6033 Hayden Run Road marks the first project within Hilliard’s boundaries since two communities next to the Heritage Lakes…
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  • Judge's ruling allows Ballmer purchase of LA Clippers to proceed

    Erin Van Bronkhorst
    28 Jul 2014 | 5:11 pm
    A judge ruled in favor of Shelly Sterling on Monday, rejecting Donald Sterling's arguments in a move that appears to allow Steve Ballmer's purchase of the Los Angeles Clippers to proceed, the Los Angeles Times reported. Judge Michael Levanas of Los Angeles Superior Court gave a tentative oral decision in Shelly Sterling's favor on all three counts in the probate trial, rejecting her husband's arguments and granting an order that allows the sale to be completed, the newspaper said. "Ballmer paid…
  • Keen adds 'serious thunder' to its creative team

    Matthew Kish
    28 Jul 2014 | 4:46 pm
    Footwear company Keen Inc. on Monday said it had hired Michael Minter as its first internal vice president of creative. His hiring follows the June 1 start of new president Steve Meineke. Keen said the hire is meant to add some "serious thunder" to its creative team. The hiring coincides with the launch of a new innovation lab in Portland. The first product from the new lab, the Uneek sandal, was unveiled in June. Minter has worked in various roles in the outdoor, action sports, surf and footwear…
  • Developers move forward along Seattle’s waterfront

    Marc Stiles
    28 Jul 2014 | 4:45 pm
    Bertha might be idle under Seattle’s waterfront, but the list of developers moving ahead with multifamily projects near the shore keeps growing. In the last several weeks, plans for two more projects came to light, and news broke that a Seattle developer intends to buy the property and plans for a long-stalled development by CenturyLink Field. With four other previously announced proposals, the developments total around 915 residential units. If they get built, they’ll join some recently completed…
  • 5 fun facts from Nike's proxy statement

    Matthew Kish
    28 Jul 2014 | 3:58 pm
    Phil Knight no longer makes his private jet available to other Nike executives for no charge. That's one of several interesting tidbits in the annual proxy statement Nike filed Friday with the Securities and Exchange Commission. Such annual declarations of executive compensation and insider transactions brim with esoteric language about topics like the Black-Scholes option pricing model. But there are always a few nuggets worth reporting. Here are five from Nike's proxy: Knight previously made…
  • After a big year, another round of big paychecks for Nike executives

    Matthew Kish
    28 Jul 2014 | 3:13 pm
    Nike's robust fiscal year, which included a nearly 10 percent increase in revenue and a 24 percent jump in stock price, resulted in another round of big paychecks for the company's top executives. Here's the value of the 2014 compensation awarded to the company's top five executives, according to an annual proxy statement filed Friday: CEO Mark Parker: $14.7 million Chief Financial Officer Don Blair: $4.1 million Nike Brand President Trevor Edwards: $4.6 million Chief Operating Officer Eric Sprunk:…
 
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    Business News from Southwest US - bizjournals.com

  • KaloBios dips as Sanofi Pasteur returns infection-fighting drug

    Ron Leuty
    28 Jul 2014 | 5:58 pm
    Sanofi Pasteur returned the rights to an experimental infection-fighting drug to KaloBios Pharmaceuticals Inc., sending the South San Francisco company's stock to a new 52-week low. KaloBios (NASDAQ: KBIO), which was one of the first life sciences IPOs of 2013, saw its stock fall more than 16 percent in after-hours trading Monday to $1.61 per share. It had closed regular trading down two pennies to $1.93. The stock's previous 52-week low was $1.66. The drug that Sanofi Pasteur is returning —…
  • BioHealth, Bryman colleges shut doors following bankruptcy

    Shana Lynch
    28 Jul 2014 | 5:41 pm
    BioHealth and Bryman colleges shut their doors after filing for bankruptcy two weeks ago, the Mercury News reported. The health-focused college company led by CEO Sam Shirazi had five campuses in San Jose, San Francisco, Hayward and Los Angeles. It offered certificates in dental assistant, massage therapy, medical assistant and medical administrative assistant programs. Biohealth College Inc., the parent of Bryman College, filed for bankruptcy in the U.S. Bankruptcy Court Northern District of…
  • Trulia-Zillow juggernaut threatens entrenched real estate players

    Patrick Hoge
    28 Jul 2014 | 5:12 pm
    The $3.5 billion purchase of Trulia (NYSE:TRLA) by Zillow (NASDAQ: Z) will create by far the largest online real estate information company and presents a direct threat to the National Association of Realtors, which is closely affiliated with the website Realtor.com, the distant third-place site in terms of web traffic. Many real estate agents worry that the consolidation of the two online market leaders will translate into higher advertising costs. Others predict that a Trulia-Zillow juggernaut…
  • APS aims to enter rooftop solar business

    Patrick O'Grady
    28 Jul 2014 | 5:00 pm
    Arizona Public Service Co. is looking to enter the rooftop residential solar market with a plan to install and operate panels on as many as 3,000 Phoenix-area homes. It's a departure for the Arizona's largest utility, which until this point has only built large utility-scale projects. But APS plans to spend between $57 million and $70 million of ratepayers' money on a plan that would be spread throughout its service territory. "This would not be the first time we've done a residential program,"…
  • Real Madrid superstar Cristiano Ronaldo heading to Dallas to play at Cotton Bowl

    Candace Carlisle
    28 Jul 2014 | 4:50 pm
    Real Madrid's superstar player Cristiano Ronaldo has boarded his flight to Dallas to play in the 2014 Guinness International Champions Cup at the Cotton Bowl Tuesday. The game at the Cotton Bowl is part of the larger tournament throughout North America, which features eight top European teams, including Manchester United and Liverpool FC. Dallas is one of about a dozen cities selected for the tournament, which runs from July 26 through Aug. 4. Each game is expected to attract crowds of between…
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    Business News from the Northeast US - bizjournals

  • New Mass. law allows public input in nursing home acquisitions, closures

    Jessica Bartlett
    28 Jul 2014 | 8:15 pm
    Companies looking to acquire, merge or close nursing homes will now have to go through a public hearing process to do so under new legislation signed by Gov. Deval Patrick. Passed as part of the state budget for the new fiscal year, the legislation will require the opportunity for public input before any license application, transfer of ownership, sale or closure of any skilled nursing facility, in addition to existing reviews by the state Department of Public Health. “Right now, if a hospital…
  • Mohegan Sun ends its 99-year lease for Palmer site

    28 Jul 2014 | 8:05 pm
    Mohegan Sun is ending its 99-year lease with Northeast Realty for the former casino site off Thorndike Street in Palmer, blaming its inability to find a major retailer to anchor a proposed development there as the reason. Northeast Realty, in a prepared statement, said the move comes as no surprise and "confirms Northeast's position that Mohegan Sun never intended to legitimately pursue non-gaming development" on the Palmer land off Route 32. Northeast said that the lease agreement gives Mohegan…
  • Boston Harbor Cruises has more than doubled in size since 2006

    Jon Chesto
    28 Jul 2014 | 7:59 pm
    If the Market Basket mess is a perfect example of what can go wrong with a family-owned company, then Boston Harbor Cruises’ rising tide is a perfect example of what can go right. The company’s roots date back to 1926, and its latest upward trajectory began in 2006 when members of the Nolan family bought out Modern Continental’s majority stake. The construction contractor, best known for the Big Dig, had run aground amid significant financial problems. It was a good opportunity for the Nolans…
  • Mayor Walsh says he's excited about possibility of hosting Olympics in 2024

    Thomas Grillo
    28 Jul 2014 | 7:44 pm
    Boston Mayor Martin J. Walsh returned from a meeting with the U.S. Olympic Committee sounding more upbeat than ever about the prospects of bringing the 2024 Olympics to Boston. Walsh was one of several representatives from Boston who attended the meeting last week at the U.S. Olympic headquarters in Colorado Springs. Contingents from the three other U.S. cities in contention — Los Angeles, San Francisco and Washington — also attended. “I spoke about the 'Boston 2030 plan' for the city’s…
  • Citing traffic and density concerns, D.C. zoning panel defers action on McMillan

    Michael Neibauer
    28 Jul 2014 | 6:50 pm
    The D.C. Zoning Commission on Monday delayed action on the proposed overhaul of the McMillan Sand Filtration Plant, citing continuing concerns about density and traffic and the desire to "make sure it's right." While the controversial, 2.1 million-square-foot plan devised by Vision McMillan Partners is a good bet for eventual approval, issues with density, traffic, loading and the community benefits agreement led the commission to defer its decision on the planned-unit development application until…
 
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    Business News from Southeast US - bizjournals.com

  • Exclusive: Fifth Third Center in downtown Tampa sold

    Ashley Gurbal Kritzer
    28 Jul 2014 | 3:19 pm
    The Fifth Third Center in downtown Tampa has been sold. The sale of the 19-story 281,187-square-foot office building at 201 E. Kennedy Blvd. closed Monday, CBRE Group Inc. confirmed to the Tampa Bay Business Journal. CBRE Senior Vice President Dale Peterson represented the seller, Oregon-based Terrace Tower USA Inc., in the transaction. CBRE declined to confirm a buyer or a selling price. A Hillsborough County deed for the transaction hadn't been recorded late Monday. Terrace Tower paid $52 million…
  • HealthSouth eyes growth after strong 2Q

    Alan Alexander
    28 Jul 2014 | 3:10 pm
    HealthSouth Corp. posted an $81.6 million profit for the second quarter, beating analysts expectations. The Birmingham owner and operator of inpatient rehabilitation hospitals posted net operating revenue of $604.4 million, which was up from $564.5 million a year ago. Its $81.6 million in net income available to common HealthSouth shareholders was down from $159.4 million a year ago because the company posted an $86.5 million, one-time tax benefit during the second quarter of 2013. Still, its…
  • PSC approves Alagasco sale to Laclede

    Bryan Davis
    28 Jul 2014 | 2:57 pm
    The Laclede Group Inc. has crossed a major regulatory hurdle in its bid to purchase Birmingham's Alagasco from Energen Corp. Last week, the Alabama Public Service Commission gave the transaction approval, moving the company one step closer to acquiring Alabama's largest natural gas utility company. St. Louis-based Laclede raised around $600 million through the issuance of 10.35 million shares of stock and 2.8 million equity units for the purchase. The St. Louis Business Journal first reported on…
  • Local falconer brings unique deliveries to weddings

    Dawn Kurry
    28 Jul 2014 | 2:53 pm
    Lillington businessman Chip Gentry is using falconry, a sport dating back hundreds of years that has become a niche industry in the United States, to become a unique wedding vendor. It’s the moment of the big “I do.” When asked for the rings, the groom fumbles with his glove – on purpose. No one expects a red tailed hawk to swoop down and deliver the rings to him from the sky. Hawk Manor Falconry is offering the wedding package for $1,000. The package also includes a reception set-up, in…
  • Ironman Louisville triathlon will move to October starting with 2015 event

    Cary Stemle
    28 Jul 2014 | 2:49 pm
    If the August heat was the only thing keeping you from competing in the Ironman Louisville triathlon, well, you can cross that excuse off your list. Beginning with the 2015 event, the triathlon will move from August to October. “The date shift of Ironman Louisville will provide athletes with more comfortable air and water temperatures — improving race conditions and the overall athlete experience," Ironman CEO Andrew Messick said in a news release. "We look forward to continuing to work with…
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    Accounting News - Accounting News Headlines | Bizjournals.com

  • Construction on $1.3B Thirty Meter Telescope in Hawaii may start in the fall

    Matt Tuohy
    28 Jul 2014 | 8:33 pm
    Construction of the $1.3 billion Thirty Meter Telescope atop Mauna Kea on Hawaii's Big Island could start as early as this fall. The telescope, the largest of its kind, will allow researchers to study planets in our solar system, explore other galaxies and help determine the age of the oldest stars in the universe. The Thirty Meter Telescope has been in production for about 10 years, said Ed Stone, a professor of physics at the California Institute of Technology and the new executive director of…
  • Finance Factors closes on purchase of Honolulu property

    Jason Ubay
    28 Jul 2014 | 8:15 pm
    Finance Factors said Monday it has closed on the purchase of a two-story commercial and residential building in Honolulu's Kaimuki neighborhood for an undisclosed price. The locally owned financial services company would like to open a branch there but no specific plans are set, said Corinne Tanna, vice president of marketing, Finance Factors. She said a new branch would require approval from the Federal Deposit Insurance Corp., which would take at least a year. The company will, however, refinish…
  • New Mass. law allows public input in nursing home acquisitions, closures

    Jessica Bartlett
    28 Jul 2014 | 8:15 pm
    Companies looking to acquire, merge or close nursing homes will now have to go through a public hearing process to do so under new legislation signed by Gov. Deval Patrick. Passed as part of the state budget for the new fiscal year, the legislation will require the opportunity for public input before any license application, transfer of ownership, sale or closure of any skilled nursing facility, in addition to existing reviews by the state Department of Public Health. “Right now, if a hospital…
  • Mohegan Sun ends its 99-year lease for Palmer site

    28 Jul 2014 | 8:05 pm
    Mohegan Sun is ending its 99-year lease with Northeast Realty for the former casino site off Thorndike Street in Palmer, blaming its inability to find a major retailer to anchor a proposed development there as the reason. Northeast Realty, in a prepared statement, said the move comes as no surprise and "confirms Northeast's position that Mohegan Sun never intended to legitimately pursue non-gaming development" on the Palmer land off Route 32. Northeast said that the lease agreement gives Mohegan…
  • Boston Harbor Cruises has more than doubled in size since 2006

    Jon Chesto
    28 Jul 2014 | 7:59 pm
    If the Market Basket mess is a perfect example of what can go wrong with a family-owned company, then Boston Harbor Cruises’ rising tide is a perfect example of what can go right. The company’s roots date back to 1926, and its latest upward trajectory began in 2006 when members of the Nolan family bought out Modern Continental’s majority stake. The construction contractor, best known for the Big Dig, had run aground amid significant financial problems. It was a good opportunity for the Nolans…
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    Agriculture News - Agriculture News Headlines | Bizjournals.com

  • Construction on $1.3B Thirty Meter Telescope in Hawaii may start in the fall

    Matt Tuohy
    28 Jul 2014 | 8:33 pm
    Construction of the $1.3 billion Thirty Meter Telescope atop Mauna Kea on Hawaii's Big Island could start as early as this fall. The telescope, the largest of its kind, will allow researchers to study planets in our solar system, explore other galaxies and help determine the age of the oldest stars in the universe. The Thirty Meter Telescope has been in production for about 10 years, said Ed Stone, a professor of physics at the California Institute of Technology and the new executive director of…
  • Finance Factors closes on purchase of Honolulu property

    Jason Ubay
    28 Jul 2014 | 8:15 pm
    Finance Factors said Monday it has closed on the purchase of a two-story commercial and residential building in Honolulu's Kaimuki neighborhood for an undisclosed price. The locally owned financial services company would like to open a branch there but no specific plans are set, said Corinne Tanna, vice president of marketing, Finance Factors. She said a new branch would require approval from the Federal Deposit Insurance Corp., which would take at least a year. The company will, however, refinish…
  • New Mass. law allows public input in nursing home acquisitions, closures

    Jessica Bartlett
    28 Jul 2014 | 8:15 pm
    Companies looking to acquire, merge or close nursing homes will now have to go through a public hearing process to do so under new legislation signed by Gov. Deval Patrick. Passed as part of the state budget for the new fiscal year, the legislation will require the opportunity for public input before any license application, transfer of ownership, sale or closure of any skilled nursing facility, in addition to existing reviews by the state Department of Public Health. “Right now, if a hospital…
  • Mohegan Sun ends its 99-year lease for Palmer site

    28 Jul 2014 | 8:05 pm
    Mohegan Sun is ending its 99-year lease with Northeast Realty for the former casino site off Thorndike Street in Palmer, blaming its inability to find a major retailer to anchor a proposed development there as the reason. Northeast Realty, in a prepared statement, said the move comes as no surprise and "confirms Northeast's position that Mohegan Sun never intended to legitimately pursue non-gaming development" on the Palmer land off Route 32. Northeast said that the lease agreement gives Mohegan…
  • Boston Harbor Cruises has more than doubled in size since 2006

    Jon Chesto
    28 Jul 2014 | 7:59 pm
    If the Market Basket mess is a perfect example of what can go wrong with a family-owned company, then Boston Harbor Cruises’ rising tide is a perfect example of what can go right. The company’s roots date back to 1926, and its latest upward trajectory began in 2006 when members of the Nolan family bought out Modern Continental’s majority stake. The construction contractor, best known for the Big Dig, had run aground amid significant financial problems. It was a good opportunity for the Nolans…
 
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    Banking & Financial News - Banking & Financial News Headlines | Bizjournals.com

  • Finance Factors closes on purchase of Honolulu property

    Jason Ubay
    28 Jul 2014 | 8:15 pm
    Finance Factors said Monday it has closed on the purchase of a two-story commercial and residential building in Honolulu's Kaimuki neighborhood for an undisclosed price. The locally owned financial services company would like to open a branch there but no specific plans are set, said Corinne Tanna, vice president of marketing, Finance Factors. She said a new branch would require approval from the Federal Deposit Insurance Corp., which would take at least a year. The company will, however, refinish…
  • BioHealth, Bryman colleges shut doors following bankruptcy

    Shana Lynch
    28 Jul 2014 | 5:41 pm
    BioHealth and Bryman colleges shut their doors after filing for bankruptcy two weeks ago, the Mercury News reported. The health-focused college company led by CEO Sam Shirazi had five campuses in San Jose, San Francisco, Hayward and Los Angeles. It offered certificates in dental assistant, massage therapy, medical assistant and medical administrative assistant programs. Biohealth College Inc., the parent of Bryman College, filed for bankruptcy in the U.S. Bankruptcy Court Northern District of…
  • Bank of Hawaii mortgage business down due to low housing inventory

    Jason Ubay
    28 Jul 2014 | 5:32 pm
    Bank of Hawaii Corp. said Monday that its mortgage business has declined as customers move from refinancings to new purchases, but purchases are being hampered by Hawaii’s low inventory of homes for sale. Bank of Hawaii Corp. (NYSE: BOH) reported $1.8 million income from mortgage banking for the second quarter, a decline of $2 million from the first quarter and more than three times lower than the $5.8 million reported for the second quarter of 2013. For the first six months of the year, the company…
  • Darden closes $2.1B sale of Red Lobster; CEO Clarence Otis stepping down

    Anjali Fluker
    28 Jul 2014 | 4:51 pm
    It’s official — Red Lobster has a new parent. Darden Restaurants Inc. on July 28 announced it completed its sale of its 45-year-old Red Lobster business and related assets and liabilities to private equity firm Golden Gate Capital for $2.1 billion in cash. Red Lobster has only one Hawaii restaurant, in Waikiki. Darden (NYSE: DRI) previously announced it plans to use about $1 billion in net cash proceeds to retire outstanding debt, with another $500 million-$600 million going toward a new share…
  • Luminex doubles analysts' Q2 net income forecasts, boosts revenue

    Chad Swiatecki
    28 Jul 2014 | 4:43 pm
    Luminex Corp. on Monday reported second quarter earnings of $4.7 million, or 11 cents per share, on revenue of $55.6 million compared to $3.7 million, or 9 cents per share, on revenue of $54.3 million in the same quarter last year. The company also reported non-GAAP earnings of 20 cents per share, doubling analysts' estimates of 10 cents. Luminex (Nasdaq: LMNX) shares closed down 17 cents Monday to $17.57, before the company released its earnings report for the three months ended June 30. Revenue…
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    Bankruptcy News - Bankruptcy News Headlines | Bizjournals.com

  • Construction on $1.3B Thirty Meter Telescope in Hawaii may start in the fall

    Matt Tuohy
    28 Jul 2014 | 8:33 pm
    Construction of the $1.3 billion Thirty Meter Telescope atop Mauna Kea on Hawaii's Big Island could start as early as this fall. The telescope, the largest of its kind, will allow researchers to study planets in our solar system, explore other galaxies and help determine the age of the oldest stars in the universe. The Thirty Meter Telescope has been in production for about 10 years, said Ed Stone, a professor of physics at the California Institute of Technology and the new executive director of…
  • Finance Factors closes on purchase of Honolulu property

    Jason Ubay
    28 Jul 2014 | 8:15 pm
    Finance Factors said Monday it has closed on the purchase of a two-story commercial and residential building in Honolulu's Kaimuki neighborhood for an undisclosed price. The locally owned financial services company would like to open a branch there but no specific plans are set, said Corinne Tanna, vice president of marketing, Finance Factors. She said a new branch would require approval from the Federal Deposit Insurance Corp., which would take at least a year. The company will, however, refinish…
  • New Mass. law allows public input in nursing home acquisitions, closures

    Jessica Bartlett
    28 Jul 2014 | 8:15 pm
    Companies looking to acquire, merge or close nursing homes will now have to go through a public hearing process to do so under new legislation signed by Gov. Deval Patrick. Passed as part of the state budget for the new fiscal year, the legislation will require the opportunity for public input before any license application, transfer of ownership, sale or closure of any skilled nursing facility, in addition to existing reviews by the state Department of Public Health. “Right now, if a hospital…
  • Mohegan Sun ends its 99-year lease for Palmer site

    28 Jul 2014 | 8:05 pm
    Mohegan Sun is ending its 99-year lease with Northeast Realty for the former casino site off Thorndike Street in Palmer, blaming its inability to find a major retailer to anchor a proposed development there as the reason. Northeast Realty, in a prepared statement, said the move comes as no surprise and "confirms Northeast's position that Mohegan Sun never intended to legitimately pursue non-gaming development" on the Palmer land off Route 32. Northeast said that the lease agreement gives Mohegan…
  • Boston Harbor Cruises has more than doubled in size since 2006

    Jon Chesto
    28 Jul 2014 | 7:59 pm
    If the Market Basket mess is a perfect example of what can go wrong with a family-owned company, then Boston Harbor Cruises’ rising tide is a perfect example of what can go right. The company’s roots date back to 1926, and its latest upward trajectory began in 2006 when members of the Nolan family bought out Modern Continental’s majority stake. The construction contractor, best known for the Big Dig, had run aground amid significant financial problems. It was a good opportunity for the Nolans…
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    Commercial Real Estate Industry News Headlines | Bizjournals.com

  • Finance Factors closes on purchase of Honolulu property

    Jason Ubay
    28 Jul 2014 | 8:15 pm
    Finance Factors said Monday it has closed on the purchase of a two-story commercial and residential building in Honolulu's Kaimuki neighborhood for an undisclosed price. The locally owned financial services company would like to open a branch there but no specific plans are set, said Corinne Tanna, vice president of marketing, Finance Factors. She said a new branch would require approval from the Federal Deposit Insurance Corp., which would take at least a year. The company will, however, refinish…
  • Mohegan Sun ends its 99-year lease for Palmer site

    28 Jul 2014 | 8:05 pm
    Mohegan Sun is ending its 99-year lease with Northeast Realty for the former casino site off Thorndike Street in Palmer, blaming its inability to find a major retailer to anchor a proposed development there as the reason. Northeast Realty, in a prepared statement, said the move comes as no surprise and "confirms Northeast's position that Mohegan Sun never intended to legitimately pursue non-gaming development" on the Palmer land off Route 32. Northeast said that the lease agreement gives Mohegan…
  • Boston Harbor Cruises has more than doubled in size since 2006

    Jon Chesto
    28 Jul 2014 | 7:59 pm
    If the Market Basket mess is a perfect example of what can go wrong with a family-owned company, then Boston Harbor Cruises’ rising tide is a perfect example of what can go right. The company’s roots date back to 1926, and its latest upward trajectory began in 2006 when members of the Nolan family bought out Modern Continental’s majority stake. The construction contractor, best known for the Big Dig, had run aground amid significant financial problems. It was a good opportunity for the Nolans…
  • Mayor Walsh says he's excited about possibility of hosting Olympics in 2024

    Thomas Grillo
    28 Jul 2014 | 7:44 pm
    Boston Mayor Martin J. Walsh returned from a meeting with the U.S. Olympic Committee sounding more upbeat than ever about the prospects of bringing the 2024 Olympics to Boston. Walsh was one of several representatives from Boston who attended the meeting last week at the U.S. Olympic headquarters in Colorado Springs. Contingents from the three other U.S. cities in contention — Los Angeles, San Francisco and Washington — also attended. “I spoke about the 'Boston 2030 plan' for the city’s…
  • Citing traffic and density concerns, D.C. zoning panel defers action on McMillan

    Michael Neibauer
    28 Jul 2014 | 6:50 pm
    The D.C. Zoning Commission on Monday delayed action on the proposed overhaul of the McMillan Sand Filtration Plant, citing continuing concerns about density and traffic and the desire to "make sure it's right." While the controversial, 2.1 million-square-foot plan devised by Vision McMillan Partners is a good bet for eventual approval, issues with density, traffic, loading and the community benefits agreement led the commission to defer its decision on the planned-unit development application until…
 
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    Economic Snapshot News - Economic Snapshot News Headlines | Bizjournals.com

  • Construction on $1.3B Thirty Meter Telescope in Hawaii may start in the fall

    Matt Tuohy
    28 Jul 2014 | 8:33 pm
    Construction of the $1.3 billion Thirty Meter Telescope atop Mauna Kea on Hawaii's Big Island could start as early as this fall. The telescope, the largest of its kind, will allow researchers to study planets in our solar system, explore other galaxies and help determine the age of the oldest stars in the universe. The Thirty Meter Telescope has been in production for about 10 years, said Ed Stone, a professor of physics at the California Institute of Technology and the new executive director of…
  • Finance Factors closes on purchase of Honolulu property

    Jason Ubay
    28 Jul 2014 | 8:15 pm
    Finance Factors said Monday it has closed on the purchase of a two-story commercial and residential building in Honolulu's Kaimuki neighborhood for an undisclosed price. The locally owned financial services company would like to open a branch there but no specific plans are set, said Corinne Tanna, vice president of marketing, Finance Factors. She said a new branch would require approval from the Federal Deposit Insurance Corp., which would take at least a year. The company will, however, refinish…
  • New Mass. law allows public input in nursing home acquisitions, closures

    Jessica Bartlett
    28 Jul 2014 | 8:15 pm
    Companies looking to acquire, merge or close nursing homes will now have to go through a public hearing process to do so under new legislation signed by Gov. Deval Patrick. Passed as part of the state budget for the new fiscal year, the legislation will require the opportunity for public input before any license application, transfer of ownership, sale or closure of any skilled nursing facility, in addition to existing reviews by the state Department of Public Health. “Right now, if a hospital…
  • Mohegan Sun ends its 99-year lease for Palmer site

    28 Jul 2014 | 8:05 pm
    Mohegan Sun is ending its 99-year lease with Northeast Realty for the former casino site off Thorndike Street in Palmer, blaming its inability to find a major retailer to anchor a proposed development there as the reason. Northeast Realty, in a prepared statement, said the move comes as no surprise and "confirms Northeast's position that Mohegan Sun never intended to legitimately pursue non-gaming development" on the Palmer land off Route 32. Northeast said that the lease agreement gives Mohegan…
  • Boston Harbor Cruises has more than doubled in size since 2006

    Jon Chesto
    28 Jul 2014 | 7:59 pm
    If the Market Basket mess is a perfect example of what can go wrong with a family-owned company, then Boston Harbor Cruises’ rising tide is a perfect example of what can go right. The company’s roots date back to 1926, and its latest upward trajectory began in 2006 when members of the Nolan family bought out Modern Continental’s majority stake. The construction contractor, best known for the Big Dig, had run aground amid significant financial problems. It was a good opportunity for the Nolans…
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    Education News - Education News Headlines | Bizjournals.com

  • We need more women in business schools. Here's how one dean plans to do it

    Caroline McMillan Portillo
    28 Jul 2014 | 3:05 pm
    The numbers showed progress. In the eight years that Judy Olian had been dean of UCLA’s Anderson School of Management, the number of female Fortune 500 CEOs nearly doubled. The number of female faculty members at UCLA Anderson doubled. And the number of female full professors tripled, according to Bloomberg Businessweek. But sheer numbers, no matter how positive, weren’t enough. Some female faculty still didn’t feel they got the respect or support they deserved in the predominantly male community,…
  • Prince George's Community College bans e-cigarettes

    Tina Reed
    28 Jul 2014 | 3:01 pm
    It’s hardly newsworthy these days when an institution announces it's going smoke-free. But Prince George’s Community College introduced one of the strictest policies around Monday, banning e-cigarettes along with all other smoke and tobacco products. 
Starting Sept. 15, electronic devices for smoking won’t be allowed on campus — or even in personal vehicles — at the Largo college. That policy applies to regular cigarettes as well as hookahs, chew and any other product tobacco companies…
  • University of Dayton makes changes to new logo

    Tristan Navera
    28 Jul 2014 | 1:39 pm
    University of Dayton is making some changes to its logo after a less-than-popular roll-out, and will have three different versions of the logo. Officials have confirmed the logo at midcourt at UD Arena has been modified so the logo is now entirely red, where it previously was a red “D” with three navy blue wing-like lines. The blue “wings” were confused with being a “U” by many and some thought it looked more like a “V” than anything else. The logo remains the same in form but…
  • Duke prof joins dozens of peers criticizing FAA's drone stance

    Lauren K. Ohnesorge
    28 Jul 2014 | 12:57 pm
    Smith College Professor Paul Voss planned “a quiet week, working on my research.” “So much for that plan,” the Northampton, Massachusetts-based professor says Monday. Instead, he’s fielding dozens of media calls, answering questions about a piece of mail he spearheaded – an open letter to the Federal Aviation Administration on its recent rule interpretation regarding drone aircraft. It’s focused on a rule interpretation about model aircraft, where the FAA says it “intends to apply…
  • Presidential search committee named for Friends University

    Josh Heck
    28 Jul 2014 | 12:51 pm
    Friends University has sought the help of a search committee to help find the university’s next president. Friends is seeking to replace T.J. Arant, who resigned in March amid philosophical differences between him and the university’s board of trustees. Darcy Zabel, the university’s vice president of academic affairs, is Friends’ interim president. When the next university leader is hired, that person will be the university’s 14th president. The search committee includes a mix of Friends…
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    Energy & the Environment News - Energy News Headlines | Bizjournals.com

  • Honolulu looking to develop underutilized lands into renewable energy ventures

    Duane Shimogawa
    28 Jul 2014 | 5:22 pm
    Honolulu is looking to use its underutilized properties to develop renewable energy projects under a public-private partnership where developers will have the chance to propose projects involving solar, wind or other sources of energy, the city’s energy czar told PBN. Justin Gruenstein, an executive assistant to Mayor Kirk Caldwell who handles energy and sustainability initiatives for the city, told PBN that the city plans to draft a request for proposals soon and release it to the public by the…
  • Why are Hawaii electricity rates still so high even after integration of renewables?

    Duane Shimogawa
    28 Jul 2014 | 5:07 pm
    Despite Hawaii’s progress towards renewable energy, which currently stands at 18 percent, many still lament the high electricity rates in the Islands. But Hawaii Energy Office Administrator Mark Glick recently told PBN in an exclusive interview that the fact that the state is hitting targeted goals is reason enough to not worry so much about rates. That’s because he says that the integration of renewables will have a greater impact over time. “The expectation has to be tempered,” Glick…
  • APS aims to enter rooftop solar business

    Patrick O'Grady
    28 Jul 2014 | 5:00 pm
    Arizona Public Service Co. is looking to enter the rooftop residential solar market with a plan to install and operate panels on as many as 3,000 Phoenix-area homes. It's a departure for the Arizona's largest utility, which until this point has only built large utility-scale projects. But APS plans to spend between $57 million and $70 million of ratepayers' money on a plan that would be spread throughout its service territory. "This would not be the first time we've done a residential program,"…
  • PSC approves Alagasco sale to Laclede

    Bryan Davis
    28 Jul 2014 | 2:57 pm
    The Laclede Group Inc. has crossed a major regulatory hurdle in its bid to purchase Birmingham's Alagasco from Energen Corp. Last week, the Alabama Public Service Commission gave the transaction approval, moving the company one step closer to acquiring Alabama's largest natural gas utility company. St. Louis-based Laclede raised around $600 million through the issuance of 10.35 million shares of stock and 2.8 million equity units for the purchase. The St. Louis Business Journal first reported on…
  • Bankrupt solar manufacturer wins $27M judgment

    Sam Kusic
    28 Jul 2014 | 2:47 pm
    A federal bankruptcy court has imposed a $27 million judgment against a Chinese company, siding with attorneys who argued that a broken deal over an industrial glass oven ultimately led to millions in losses for creditors. As Judge Carlota M. Bohm sees it, Zhejiang Daming Glass Co. Ltd. owes $22 million in consequential damages and $5 million in punitive damages over the deal with bankrupt Flabeg US Solar Corp. in Findlay. Flabeg attorneys had asked for an overall award of $55 million. They argued…
 
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    Green News - Green News Headlines | Bizjournals.com

  • Owner of Grand Hyatt Kauai Resort still not happy with dairy's new plan

    Duane Shimogawa
    28 Jul 2014 | 5:53 pm
    Kawailoa Development, the owner of the Grand Hyatt Kauai Resort and Spa and Poipu Bay Golf Course, which is located near the proposed dairy being funded by eBay founder Pierre Omidyar’s Ulupono Initiative, is not satisfied with the dairy’s decision to conduct its operation in phases with a smaller first phase after hearing community concerns. Kawailoa Development, which earlier this month filed a lawsuit against Hawaii Dairy Farms claiming its business will be adversely affected by the dairy…
  • APS aims to enter rooftop solar business

    Patrick O'Grady
    28 Jul 2014 | 5:00 pm
    Arizona Public Service Co. is looking to enter the rooftop residential solar market with a plan to install and operate panels on as many as 3,000 Phoenix-area homes. It's a departure for the Arizona's largest utility, which until this point has only built large utility-scale projects. But APS plans to spend between $57 million and $70 million of ratepayers' money on a plan that would be spread throughout its service territory. "This would not be the first time we've done a residential program,"…
  • VIA's streetcar plan needs voter approval, say City of San Antonio, Bexar County leaders

    W. Scott Bailey
    28 Jul 2014 | 3:50 pm
    VIA Metropolitan Transit has insisted that it does not need voter approval to develop a proposed $280 million downtown streetcar project. However, officials with the City of San Antonio and Bexar County are now asking VIA to develop a new transportation proposal that could be taken to the voters for future consideration. Leaders with both the city and the county are concerned that there is a lack of community-wide support for the streetcar project. They want a broader buy-in on a comprehensive multi-modal…
  • Poll: Reaction to Duke Energy ash spill hurts Tillis politically

    John Downey
    28 Jul 2014 | 2:43 pm
    A new poll commissioned by an environmental group says state voters largely pan the N.C. House bill on coal-ash regulation and that dissatisfaction appears to be hurting House Speaker Thom Tillis politically. According to the N.C. League of Conservation Voters’ poll, 76 percent of voters think state lawmakers should force Duke Energy Corp. to excavate 33 N.C. coal ash ponds and bury the waste in lined landfills. Neither the House or State Senate bill goes that far. And the poll says 82 percent…
  • Delta tunnels opposition to submit signatures blasting environmental and funding plan

    Allen Young
    28 Jul 2014 | 1:57 pm
    A day before a group opposing the Delta tunnels project submits thousands of signatures blasting a 40,000 page environmental report, economists and activists hurled a litany of charges at state and local governments, primarily questioning the source of funding. Government officials behind the Bay Delta Conservation Plan are “hiding their financing plan because can’t produce a plan,” said Jeff Michael, director of the Business Forecasting Center at University of the Pacific, in a conference…
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    Health Care News - Health Care News Headlines | Bizjournals.com

  • KaloBios dips as Sanofi Pasteur returns infection-fighting drug

    Ron Leuty
    28 Jul 2014 | 5:58 pm
    Sanofi Pasteur returned the rights to an experimental infection-fighting drug to KaloBios Pharmaceuticals Inc., sending the South San Francisco company's stock to a new 52-week low. KaloBios (NASDAQ: KBIO), which was one of the first life sciences IPOs of 2013, saw its stock fall more than 16 percent in after-hours trading Monday to $1.61 per share. It had closed regular trading down two pennies to $1.93. The stock's previous 52-week low was $1.66. The drug that Sanofi Pasteur is returning —…
  • Texas Health Resources names Barclay Berdan next CEO

    Bill Hethcock
    28 Jul 2014 | 4:11 pm
    Texas Health Resources has named Barclay Berdan, the system’s chief operating officer, as CEO after a nationwide search. Berdan takes the helm of Arlington-based Texas Health, one of North Texas’ largest hospital systems, effective Sept. 1. He is replacing longtime CEO Doug Hawthorne, who announced last January that he was stepping down from the CEO position of the 25-hospital system. “I am deeply honored to be asked to serve as the next CEO of Texas Health Resources,” Berdan said in a…
  • HealthSouth eyes growth after strong 2Q

    Alan Alexander
    28 Jul 2014 | 3:10 pm
    HealthSouth Corp. posted an $81.6 million profit for the second quarter, beating analysts expectations. The Birmingham owner and operator of inpatient rehabilitation hospitals posted net operating revenue of $604.4 million, which was up from $564.5 million a year ago. Its $81.6 million in net income available to common HealthSouth shareholders was down from $159.4 million a year ago because the company posted an $86.5 million, one-time tax benefit during the second quarter of 2013. Still, its…
  • Targacept misses again - overactive bladder treatment fails in trial

    Matt Evans
    28 Jul 2014 | 2:17 pm
    A string of clinical disappointments for Winston-Salem biotech firm Targacept has been extended by the outcome of a trial of a potential treatment for patients suffering from overactive bladder. There are millions of people who suffer from overactive bladder, or OAB, and Targacept (NASDAQ: TRGT) has seen evidence in preclinical studies that its drug TC-5214 might have an impact on the neural nicotinic receptors that signal bladder contractions and the urge to urinate. But CEO Dr. Stephen Hill said…
  • KCI’s skin-graft device named innovate health product

    James Aldridge
    28 Jul 2014 | 2:01 pm
    Trade publication Podiatry Today named Kinetic Concepts Inc.’s CelluTome Epidermal Harvesting System one of the magazine’s top 10 new product innovations for 2014. Clinicians with experience in surgical advances, wound care and antifungal products prepared the ranking. Kinetic Concepts’ CelluTome System gives health care professionals the ability to perform autologous epidermal skin grafting in an outpatient setting. Patients involved in studies also reported to doctors that the skin-graft…
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    Human Resources News - Human Resources News Headlines | Bizjournals.com

  • In-house counsel go outside on big issues

    Michael Petro
    28 Jul 2014 | 6:00 pm
    For many companies, having general counsel is one way to keep legal matters in-house by professionals who know the organization and can tackle issues that arise in a less-expensive manner. However, there’s no avoiding the use of outside counsel when it comes to complex matters outside their expertise, said attorneys at the Business First Industry Roundtable last month at Hodgson Russ LLP in downtown Buffalo. Kristy Berner, general counsel at First Niagara Financial Group, said to stay on top of…
  • Keen adds 'serious thunder' to its creative team

    Matthew Kish
    28 Jul 2014 | 4:46 pm
    Footwear company Keen Inc. on Monday said it had hired Michael Minter as its first internal vice president of creative. His hiring follows the June 1 start of new president Steve Meineke. Keen said the hire is meant to add some "serious thunder" to its creative team. The hiring coincides with the launch of a new innovation lab in Portland. The first product from the new lab, the Uneek sandal, was unveiled in June. Minter has worked in various roles in the outdoor, action sports, surf and footwear…
  • Managing: When candidates turn down job offers... Plus, Telling co-workers to get to the point

    Alison Green
    28 Jul 2014 | 4:38 pm
    Each week Alison Green, who also writes the "Ask a Manager" website, answers workplace and management questions from readers. Please comment or ask you own question by emailing her at alison@askamanager.org. Question 1: Responding to a candidate who turned down our offer I am a hiring manager. One of the candidates emailed me the turn down my offer. I would like to answer in a professional way. What would be a professional response to someone who turned down your offer by email? Answer: “Thanks…
  • After a big year, another round of big paychecks for Nike executives

    Matthew Kish
    28 Jul 2014 | 3:13 pm
    Nike's robust fiscal year, which included a nearly 10 percent increase in revenue and a 24 percent jump in stock price, resulted in another round of big paychecks for the company's top executives. Here's the value of the 2014 compensation awarded to the company's top five executives, according to an annual proxy statement filed Friday: CEO Mark Parker: $14.7 million Chief Financial Officer Don Blair: $4.1 million Nike Brand President Trevor Edwards: $4.6 million Chief Operating Officer Eric Sprunk:…
  • What you might not know about maternity (and paternity) leave

    Joe Martin
    28 Jul 2014 | 3:07 pm
    There are a lot of questions out there to what an employee is entitled to surrounding maternity or paternity leave, but sometimes there aren't always a lot of answers. The legislation in Texas is the same as national laws for maternity or paternity, but businesses are still required to meet the minimum regulations as put in place by the Family and Medical Leave Act, which applies to employers with more than 50 employees, and with the Pregnancy Discrimination Act of 1978. FMLA states that an employee…
 
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    Insurance News - Insurance News Headlines | Bizjournals.com

  • In hurricane season, a red binder can reduce employee absenteeism

    Anthony Pizzitola
    28 Jul 2014 | 2:05 pm
    Even though the economy is on the rebound, most businesses still maintain minimum staff. After all, tough times are hard to forget. So when employees experience a hurricane or flood, businesses can lose valuable employees for weeks, because most employees are not prepared for disasters. They may evacuate without any identification or insurance information and return to residences that have been destroyed along with vital documents. Not having these documents can create delays in insurance claims…
  • Hearings set next month for Lyft, Uber to consider permanent licensing

    Justine Coyne
    28 Jul 2014 | 1:33 pm
    Hearings have been set to consider Lyft Inc. and Uber Technologies Inc.'s applications for permanent licensure in Pennsylvania. Lyft's evidentiary hearing is set for Aug. 7-8, with Uber's hearing to follow Aug. 18-19. The hearings will be held at the PUC's offices in Pittsburgh. The companies were granted emergency approval July 24 by the Pennsylvania Public Utility Commission to operate as the ride-share startups work on securing Certificates of Public Convenience to operate in the state. Receipt…
  • Assurant Health to pay $30.8M in Obamacare rebates — most in nation

    Rich Kirchen
    28 Jul 2014 | 12:52 pm
    Companies owned by Milwaukee-based Assurant Health will pay consumers $30.8 million in rebates nationwide — more than any other health insurer — for violating an Obamacare rule that requires health insurers to spend the vast majority of premiums on medical care or activities to improve health care quality. The next-closest total rebate amount paid by a health insurer for 2013 was UnitedHealthcare’s Golden Rule Insurance, which owes customers $27.5 million in rebates. A spokeswoman for Assurant…
  • Republican senator cries ‘foul’ on whistleblower judge investigation

    Valerie Bauman
    28 Jul 2014 | 11:58 am
    Republican Sen. Randi Becker is questioning the independence of an investigator who was hired to look into claims of wrongdoing at the Office of the Insurance Commissioner (OIC). A report released last week vindicated senior OIC official Jim Odiorne, clearing him of accusations that he had improperly tried to influence a judge overseeing appeals against the agency. The report was prepared by Patrick Pearce, an attorney for Seattle-based Ogden Murphy Wallace law firm. Patricia Petersen, an administrative…
  • New deal puts Walsh Duffield into Rochester market

    Allissa Kline
    28 Jul 2014 | 11:36 am
    Insurance agency Walsh Duffield Co. Inc. is expanding to Rochester with the partial acquisition of the Stuart G. Smith Agency LLC. Buffalo-based Walsh Duffield announced this afternoon that it now owns 50 percent of the Brighton agency, which has been renamed Walsh Quinn Agency LLC. Terms of the deal, which closed June 30, were not disclosed. Patrick Quinn, president of Stuart G. Smith since 2007, owns the remaining 50 percent of the business, according to Barney Walsh, executive vice president.…
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    Legal Services News - Legal Services News Headlines | Bizjournals.com

  • In-house counsel go outside on big issues

    Michael Petro
    28 Jul 2014 | 6:00 pm
    For many companies, having general counsel is one way to keep legal matters in-house by professionals who know the organization and can tackle issues that arise in a less-expensive manner. However, there’s no avoiding the use of outside counsel when it comes to complex matters outside their expertise, said attorneys at the Business First Industry Roundtable last month at Hodgson Russ LLP in downtown Buffalo. Kristy Berner, general counsel at First Niagara Financial Group, said to stay on top of…
  • Bankrupt solar manufacturer wins $27M judgment

    Sam Kusic
    28 Jul 2014 | 2:47 pm
    A federal bankruptcy court has imposed a $27 million judgment against a Chinese company, siding with attorneys who argued that a broken deal over an industrial glass oven ultimately led to millions in losses for creditors. As Judge Carlota M. Bohm sees it, Zhejiang Daming Glass Co. Ltd. owes $22 million in consequential damages and $5 million in punitive damages over the deal with bankrupt Flabeg US Solar Corp. in Findlay. Flabeg attorneys had asked for an overall award of $55 million. They argued…
  • Best Buy, Target and Wal-Mart are among the top patent-troll targets

    Mark Reilly
    28 Jul 2014 | 1:15 pm
    The retail sector is the No. 1 target for lawsuits by patent trolls, ahead of electronics, media and software, according to a new study. The Wall Street Journal has a report on the numbers from research firm Patent Freedom: So far this year, 136 retailers have been named in 264 lawsuits brought by trolls, which are less-colloquially referred to as NPEs, or non practicing entities, which buy patents on the open market and then look for somebody to sue for infringement. RELATED: Pay the toll to…
  • Home health care provider sentenced to prison for bank fraud

    Diana Barr
    28 Jul 2014 | 12:57 pm
    Tina Kuehl, 45, of Ballwin has been sentenced to 51 months in prison on multiple health care fraud charges for submitting claims to Medicare for services that were never rendered and separate unrelated bank fraud charges. Kuehl also was ordered to pay $200,000 restitution, as was her home health care company, Better Way Home Care of Ellisville, which was sentenced to three years of probation. Kuehl was the owner, president and administrator of Better Way. Kuehl had pleaded guilty in May to one…
  • Robins Kaplan lawyers, spouses injured in car wreck

    Jim Hammerand
    28 Jul 2014 | 12:43 pm
    Three partners at Minneapolis-based law firm Robins, Kaplan, Miller & Ciresi were hurt in a weekend car crash while driving to the annual partners meeting at Gull Lake, attorney Mike Ciresi told the Star Tribune. Lawyers Thomas Kayser, John Eisberg and Jan Conlin were injured. Conlin's husband, Eugene Goetz, was also hurt. Kayser and his wife, Marlene, remain hospitalized. All in the vehicle suffered broken bones. Authorities said a 33-year-old woman swerved to avoid a vehicle and crashed into…
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    Logistics & Transportation News - Logistics & Transportation News Headlines | Bizjournals.com

  • Boston Harbor Cruises has more than doubled in size since 2006

    Jon Chesto
    28 Jul 2014 | 7:59 pm
    If the Market Basket mess is a perfect example of what can go wrong with a family-owned company, then Boston Harbor Cruises’ rising tide is a perfect example of what can go right. The company’s roots date back to 1926, and its latest upward trajectory began in 2006 when members of the Nolan family bought out Modern Continental’s majority stake. The construction contractor, best known for the Big Dig, had run aground amid significant financial problems. It was a good opportunity for the Nolans…
  • Getting a charge out of work: Oregon employers to provide stations for plug-in vehicles

    Wendy Culverwell
    28 Jul 2014 | 2:33 pm
    Portland already has more electric vehicle charging stations per capita than any other city and it apparently aims to hold onto its lead. Fifteen Oregon employers signed onto the U.S. Department of Energy’s Workplace Charging Challenge last week during Drive Oregon’s seventh annual EV Roadmap conference. The workplace challenge aims to boost the number of U.S. employers that provide charging stations to employees who drive plug-in vehicles. Drive Oregon, Intel Corp., Portland General Electric,…
  • Zulily pledging 900 new jobs for Central Ohio

    Brian R. Ball
    28 Jul 2014 | 11:58 am
    The Ohio Tax Credit Authority has approved a 12-year, 75 percent tax credit for Zulily Inc. in exchange for putting a new call center in the region. Zulily spokeswoman Laura Jones told me the Seattle-based online discount retailer has yet to announce a specific site for the jobs, which could number up to 900. Sources in the last couple of months had told me Zulily was looking in the suburbs for office space as well as a call center campus. Information from the state says the payroll on those new…
  • FedEx could face new drug-trafficking charges

    Ryan Poe
    28 Jul 2014 | 11:17 am
    FedEx Corp. faces new or modified charges in a drug-trafficking case that could already carry fines of more than $1.6 billion. In a joint status conference statement filed July 25 in U.S. District Court in Northern California, federal prosecutors said they intend to present a "superseding indictment" by Aug. 28 that would modify or add to the original indictment filed July 17. Memphis-based FedEx (NYSE: FDX) was initially charged on 15 counts of shipping or conspiracy to ship drugs for rogue online…
  • Thousands in donations roll in for and against streetcar, transportation tax

    Austin Alonzo
    28 Jul 2014 | 11:11 am
    Those campaigning for and against a pair of Aug. 5 ballot measures received hundreds of thousands of dollars in contributions during the past two weeks, according to filings from the Missouri Ethics Commission. On Aug. 5, a week from Tuesday, residents of a slice of Kansas City will decide whether they want to create a special taxing district to partially finance more than $500 million worth of transportation projects— headlined by 7.8 miles of streetcar lines — and Missourians will vote on…
 
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    Manufacturing News - Manufacturing News Headlines | Bizjournals.com

  • Keen adds 'serious thunder' to its creative team

    Matthew Kish
    28 Jul 2014 | 4:46 pm
    Footwear company Keen Inc. on Monday said it had hired Michael Minter as its first internal vice president of creative. His hiring follows the June 1 start of new president Steve Meineke. Keen said the hire is meant to add some "serious thunder" to its creative team. The hiring coincides with the launch of a new innovation lab in Portland. The first product from the new lab, the Uneek sandal, was unveiled in June. Minter has worked in various roles in the outdoor, action sports, surf and footwear…
  • HealthSouth eyes growth after strong 2Q

    Alan Alexander
    28 Jul 2014 | 3:10 pm
    HealthSouth Corp. posted an $81.6 million profit for the second quarter, beating analysts expectations. The Birmingham owner and operator of inpatient rehabilitation hospitals posted net operating revenue of $604.4 million, which was up from $564.5 million a year ago. Its $81.6 million in net income available to common HealthSouth shareholders was down from $159.4 million a year ago because the company posted an $86.5 million, one-time tax benefit during the second quarter of 2013. Still, its…
  • Session drags on as pols debate 'Carolina Comeback'

    Erik Spanberg
    28 Jul 2014 | 2:37 pm
    Last week, during one of two celebratory jobs announcements at the Charlotte Chamber, Gov. Pat McCrory proclaimed, once again, the fruits of what he calls a “Carolina Comeback.” McCrory’s Republican administration touted a week of press conference pep rallies headlined by nearly 1,700 new jobs, most of them in Charlotte. “We’re showing strength again in Charlotte, which again helps the entire state,” McCrory, a former seven-term Charlotte mayor, said last Tuesday while introducing Spectra…
  • Getting a charge out of work: Oregon employers to provide stations for plug-in vehicles

    Wendy Culverwell
    28 Jul 2014 | 2:33 pm
    Portland already has more electric vehicle charging stations per capita than any other city and it apparently aims to hold onto its lead. Fifteen Oregon employers signed onto the U.S. Department of Energy’s Workplace Charging Challenge last week during Drive Oregon’s seventh annual EV Roadmap conference. The workplace challenge aims to boost the number of U.S. employers that provide charging stations to employees who drive plug-in vehicles. Drive Oregon, Intel Corp., Portland General Electric,…
  • Washington man pleads guilty to role in Boeing bribery scheme

    Jacob Kirn
    28 Jul 2014 | 2:30 pm
    The owner of a manufacturing firm has pleaded guilty to mail and wire fraud in connection with a bribery scheme involving Boeing aircraft parts. Jeffrey Lavelle, 52, of Mukilteo, Washington, owner and operator of J.L. Manufacturing, pleaded guilty to one count of mail fraud and two counts of wire fraud. Lavelle will be sentenced Oct. 27. Deon Anderson, 47, a procurement officer for Boeing in St. Louis, beginning in May 2011 and continuing through April 2013, provided J.L. Manufacturing non-public…
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    Media & Marketing News - Media & Marketing News Headlines | Bizjournals.com

  • Keen adds 'serious thunder' to its creative team

    Matthew Kish
    28 Jul 2014 | 4:46 pm
    Footwear company Keen Inc. on Monday said it had hired Michael Minter as its first internal vice president of creative. His hiring follows the June 1 start of new president Steve Meineke. Keen said the hire is meant to add some "serious thunder" to its creative team. The hiring coincides with the launch of a new innovation lab in Portland. The first product from the new lab, the Uneek sandal, was unveiled in June. Minter has worked in various roles in the outdoor, action sports, surf and footwear…
  • Survey asks about life, business opportunities in Sacramento

    Allen Young
    28 Jul 2014 | 3:26 pm
    A foodie paradise? Stuffy government town? A community in transition? The city of Sacramento wants to know how you feel about the area, and has released an anonymous survey asking the entire community to weigh in on strengths and weaknesses. The effort is part of an ongoing research campaign to market the city and inform future economic development initiatives that haven’t yet been specified, said Maurice Chaney, a city communications specialist leading the effort. The survey, conducted by Nashville-based…
  • Self-driving cars, health tech, immigration: Google drops $5M lobbying, tying all-time record

    Lauren Hepler
    28 Jul 2014 | 3:03 pm
    It was a busy spring for Google Inc.'s Washington, D.C. public policy office, which propelled the Mountain View tech company to a record-tying quarter for federal lobbying. All told, Google dropped $5.03 million on lobbying from April through June, according to a disclosure report filed with the U.S. Senate. The company has matched that quarterly cash outlay only once before, when the it spent the same amount during the first quarter of 2012. The new quarterly numbers are still being crunched by…
  • Melt taps NASA brainpower to stretch life of catered grilled cheese

    Annie Sciacca
    28 Jul 2014 | 2:27 pm
    San Francisco-based grilled cheese restaurant the Melt claims to have a new solution for an age-old problem: catered food that is soggy, cold or stale. In fact, the fast-casual chain employed NASA engineers to tackle the problem. The result? The Melt’s Smart Box, which is an attempt to keep food — specifically The Melt’s menu of grilled cheeses, soups and salads — fresh upon delivery. The company has been developing the Smart Box since last October. At the time, the chain wanted to expand…
  • University of Dayton makes changes to new logo

    Tristan Navera
    28 Jul 2014 | 1:39 pm
    University of Dayton is making some changes to its logo after a less-than-popular roll-out, and will have three different versions of the logo. Officials have confirmed the logo at midcourt at UD Arena has been modified so the logo is now entirely red, where it previously was a red “D” with three navy blue wing-like lines. The blue “wings” were confused with being a “U” by many and some thought it looked more like a “V” than anything else. The logo remains the same in form but…
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    Residential Real Estate News - Residential Real Estate News Headlines | Bizjournals.com

  • Citing traffic and density concerns, D.C. zoning panel defers action on McMillan

    Michael Neibauer
    28 Jul 2014 | 6:50 pm
    The D.C. Zoning Commission on Monday delayed action on the proposed overhaul of the McMillan Sand Filtration Plant, citing continuing concerns about density and traffic and the desire to "make sure it's right." While the controversial, 2.1 million-square-foot plan devised by Vision McMillan Partners is a good bet for eventual approval, issues with density, traffic, loading and the community benefits agreement led the commission to defer its decision on the planned-unit development application until…
  • Bank of Hawaii mortgage business down due to low housing inventory

    Jason Ubay
    28 Jul 2014 | 5:32 pm
    Bank of Hawaii Corp. said Monday that its mortgage business has declined as customers move from refinancings to new purchases, but purchases are being hampered by Hawaii’s low inventory of homes for sale. Bank of Hawaii Corp. (NYSE: BOH) reported $1.8 million income from mortgage banking for the second quarter, a decline of $2 million from the first quarter and more than three times lower than the $5.8 million reported for the second quarter of 2013. For the first six months of the year, the company…
  • Trulia-Zillow juggernaut threatens entrenched real estate players

    Patrick Hoge
    28 Jul 2014 | 5:12 pm
    The $3.5 billion purchase of Trulia (NYSE:TRLA) by Zillow (NASDAQ: Z) will create by far the largest online real estate information company and presents a direct threat to the National Association of Realtors, which is closely affiliated with the website Realtor.com, the distant third-place site in terms of web traffic. Many real estate agents worry that the consolidation of the two online market leaders will translate into higher advertising costs. Others predict that a Trulia-Zillow juggernaut…
  • Developers move forward along Seattle’s waterfront

    Marc Stiles
    28 Jul 2014 | 4:45 pm
    Bertha might be idle under Seattle’s waterfront, but the list of developers moving ahead with multifamily projects near the shore keeps growing. In the last several weeks, plans for two more projects came to light, and news broke that a Seattle developer intends to buy the property and plans for a long-stalled development by CenturyLink Field. With four other previously announced proposals, the developments total around 915 residential units. If they get built, they’ll join some recently completed…
  • Hunt Construction, Penta picked by Tohono O’odham Nation to build $500M Glendale casino

    Mike Sunnucks
    28 Jul 2014 | 4:00 pm
    The Tohono O’odham Nation has picked Hunt Construction Group and Penta Building Group to build its $500 million casino in the West Valley near University of Phoenix Stadium. The proposed casino and hotel development is moving closer to reality with approval from U.S. Department of Interior for land at 99th and Northern avenues to be taken into trust by the southern Arizona tribe. It will take about 18 months for the casino portion of the development to be completed after construction starts,…
 
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    Retailing & Restaurants News - Retailing & Restaurants News Headlines | Bizjournals.com

  • Citing traffic and density concerns, D.C. zoning panel defers action on McMillan

    Michael Neibauer
    28 Jul 2014 | 6:50 pm
    The D.C. Zoning Commission on Monday delayed action on the proposed overhaul of the McMillan Sand Filtration Plant, citing continuing concerns about density and traffic and the desire to "make sure it's right." While the controversial, 2.1 million-square-foot plan devised by Vision McMillan Partners is a good bet for eventual approval, issues with density, traffic, loading and the community benefits agreement led the commission to defer its decision on the planned-unit development application until…
  • ​Ululani's Hawaiian Shave Ice opening new store on Maui

    Bill Cresenzo
    28 Jul 2014 | 5:40 pm
    Ululani's Hawaiian Shave Ice is opening a new store on Maui in a shopping center anchored by Safeway on Maul Lani Parkway. "We should break ground within a couple of weeks," on the 1,700-square-foot store, which will serve food along with shave ice, said one of its owners, David Yamashiro. "Ideally we would like to go with manapua, dim sum and local food," Yamashiro said. "We take extreme pride in what we serve, and if we cant do it top-of-the-line, Oahu-quality food, we aren't gong to do it." The…
  • Darden closes $2.1B sale of Red Lobster; CEO Clarence Otis stepping down

    Anjali Fluker
    28 Jul 2014 | 4:51 pm
    It’s official — Red Lobster has a new parent. Darden Restaurants Inc. on July 28 announced it completed its sale of its 45-year-old Red Lobster business and related assets and liabilities to private equity firm Golden Gate Capital for $2.1 billion in cash. Red Lobster has only one Hawaii restaurant, in Waikiki. Darden (NYSE: DRI) previously announced it plans to use about $1 billion in net cash proceeds to retire outstanding debt, with another $500 million-$600 million going toward a new share…
  • Lululemon's kids brand Ivivva opens first location in Hawaii

    Duane Shimogawa
    28 Jul 2014 | 4:24 pm
    Ivivva, a girls' active-wear brand created by the popular women's active-wear retailer Lululemon, has opened its first Hawaii location in Honolulu, the manager for the store told PBN. Ivivva Honolulu opened on Thursday inside a 2,000-square-foot ground floor space at 1221 Kapiolani Blvd. at the corner of Kapiolani Boulevard and Pensacola Street, near the Gyu-Kaku Japanese BBQ restaurant, according to Adriann Gin, showroom manager for Ivivva Honolulu. The showroom, which has limited hours, is open…
  • Family Dollar to keep name, brand after $8.5B acquisition by Dollar Tree

    Jennifer Thomas
    28 Jul 2014 | 4:09 pm
    The Family Dollar brand will live on following an $8.5 billion acquisition by Dollar Tree Inc. The Matthews-based discount retailer (NYSE:FDO) announced Monday that it had reached a cash and stock agreement with Dollar Tree (NASDAQ:DLTR) valued at $74.50 per share. Dollar Tree Chief Executive Bob Sasser says he envisions long-term store growth for both brands. "We plan to operate under both banners and grow both concepts," he says. Sasser shared those details during a conference-call discussion…
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    Sports Business News - Sports Business News Headlines | Bizjournals.com

  • Mayor Walsh says he's excited about possibility of hosting Olympics in 2024

    Thomas Grillo
    28 Jul 2014 | 7:44 pm
    Boston Mayor Martin J. Walsh returned from a meeting with the U.S. Olympic Committee sounding more upbeat than ever about the prospects of bringing the 2024 Olympics to Boston. Walsh was one of several representatives from Boston who attended the meeting last week at the U.S. Olympic headquarters in Colorado Springs. Contingents from the three other U.S. cities in contention — Los Angeles, San Francisco and Washington — also attended. “I spoke about the 'Boston 2030 plan' for the city’s…
  • Judge's ruling allows Ballmer purchase of LA Clippers to proceed

    Erin Van Bronkhorst
    28 Jul 2014 | 5:11 pm
    A judge ruled in favor of Shelly Sterling on Monday, rejecting Donald Sterling's arguments in a move that appears to allow Steve Ballmer's purchase of the Los Angeles Clippers to proceed, the Los Angeles Times reported. Judge Michael Levanas of Los Angeles Superior Court gave a tentative oral decision in Shelly Sterling's favor on all three counts in the probate trial, rejecting her husband's arguments and granting an order that allows the sale to be completed, the newspaper said. "Ballmer paid…
  • Real Madrid superstar Cristiano Ronaldo heading to Dallas to play at Cotton Bowl

    Candace Carlisle
    28 Jul 2014 | 4:50 pm
    Real Madrid's superstar player Cristiano Ronaldo has boarded his flight to Dallas to play in the 2014 Guinness International Champions Cup at the Cotton Bowl Tuesday. The game at the Cotton Bowl is part of the larger tournament throughout North America, which features eight top European teams, including Manchester United and Liverpool FC. Dallas is one of about a dozen cities selected for the tournament, which runs from July 26 through Aug. 4. Each game is expected to attract crowds of between…
  • A win for Shelly: Donald Sterling loses bid to block sale of Clippers

    Hilary Burns
    28 Jul 2014 | 3:30 pm
    Donald lost. A probate court judge ruled today that Donald Sterling, the owner of the L.A. Clippers, could not block the sale of the team that his wife, Shelly, brokered against his wishes, according to The New York Times. The judge, Michael Levanas of California Superior Court, said Shelly was more credible as a witness than her husband. Remember, he called her a pig. “Donald’s combative testimony last week veered from his vow to sue the NBA until he dies to accusations that a doctor who…
  • EXCLUSIVE: Cranley steps up on Union Terminal funding; could lead to vote on icon tax

    Chris Wetterich
    28 Jul 2014 | 3:21 pm
    Cincinnati Mayor John Cranley said Monday he would have the city make annual payments toward the upkeep of Union Terminal for the next 25 years, a move that could pave the way for Hamilton County commissioners to place the so-called icon tax on November’s ballot. Cranley, a Democrat, will propose that the city continue to make $200,000-a-year annual payments toward Union Terminal’s maintenance. That’s what the city has been paying each year, but it is not legally obligated to continuing doing…
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    Technology News - Technology News Headlines | Bizjournals.com

  • Construction on $1.3B Thirty Meter Telescope in Hawaii may start in the fall

    Matt Tuohy
    28 Jul 2014 | 8:33 pm
    Construction of the $1.3 billion Thirty Meter Telescope atop Mauna Kea on Hawaii's Big Island could start as early as this fall. The telescope, the largest of its kind, will allow researchers to study planets in our solar system, explore other galaxies and help determine the age of the oldest stars in the universe. The Thirty Meter Telescope has been in production for about 10 years, said Ed Stone, a professor of physics at the California Institute of Technology and the new executive director of…
  • Enterprise Honolulu CEO Pono Shim to advise Maui tech firm Mbloom

    Jason Ubay
    28 Jul 2014 | 5:37 pm
    Enterprise Honolulu CEO Pono Shim will serve in a volunteer advisory capacity to Mbloom, the Maui-based early-stage investment fund. "I believe we have an opportunity at hand that can lift us all in the technology sector," Shim said in a statement. "We need as may successes as we can find and I intend to assist to include opportunities for us all to dream and risk. The investment is a public-private partnership with Hawaii Strategic Development Corp. and New York-based investor Devon Archer. Mbloom…
  • We need more women in business schools. Here's how one dean plans to do it

    Caroline McMillan Portillo
    28 Jul 2014 | 3:05 pm
    The numbers showed progress. In the eight years that Judy Olian had been dean of UCLA’s Anderson School of Management, the number of female Fortune 500 CEOs nearly doubled. The number of female faculty members at UCLA Anderson doubled. And the number of female full professors tripled, according to Bloomberg Businessweek. But sheer numbers, no matter how positive, weren’t enough. Some female faculty still didn’t feel they got the respect or support they deserved in the predominantly male community,…
  • Self-driving cars, health tech, immigration: Google drops $5M lobbying, tying all-time record

    Lauren Hepler
    28 Jul 2014 | 3:03 pm
    It was a busy spring for Google Inc.'s Washington, D.C. public policy office, which propelled the Mountain View tech company to a record-tying quarter for federal lobbying. All told, Google dropped $5.03 million on lobbying from April through June, according to a disclosure report filed with the U.S. Senate. The company has matched that quarterly cash outlay only once before, when the it spent the same amount during the first quarter of 2012. The new quarterly numbers are still being crunched by…
  • KCI’s skin-graft device named innovate health product

    James Aldridge
    28 Jul 2014 | 2:01 pm
    Trade publication Podiatry Today named Kinetic Concepts Inc.’s CelluTome Epidermal Harvesting System one of the magazine’s top 10 new product innovations for 2014. Clinicians with experience in surgical advances, wound care and antifungal products prepared the ranking. Kinetic Concepts’ CelluTome System gives health care professionals the ability to perform autologous epidermal skin grafting in an outpatient setting. Patients involved in studies also reported to doctors that the skin-graft…
 
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    Travel Business News - Travel Business News Headlines | Bizjournals.com

  • Virgin America files for an IPO

    Eric Young
    28 Jul 2014 | 2:13 pm
    Virgin America Inc. has won over travelers. Now it wants to win over Wall Street. The Burlingame-based company said Monday it filed with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common stock. The number of shares to be offered and the price range for the IPO have not yet been determined. "The airline gave a placeholder fundraising target of $115 million, a figure used only to determine filing fees," according to the New York Times. The airline…
  • California State Fair attendance hit more than 750,000

    Mark Anderson
    28 Jul 2014 | 2:09 pm
    Attendance at the 2014 California State Fair hit more than 750,000 in paid attendance, which is 8 percent higher than last year. For the first time in a decade, fair attendance exceeded 70,000 on four separate days. The highest attendance was the second Tuesday of the fair, which was Wells Fargo Kids Day, and drew 75,957 people. The fair also did well considering that it included five days over 100 degrees. “Setting new attendance records during a summer of adverse weather, drought and fires,…
  • U.S. Open more than doubles Pinehurst hotel revenue

    Dawn Kurry
    28 Jul 2014 | 1:57 pm
    The U.S. Open in Pinehurst last month drew a crowd that more than doubled typical June hotel revenue. The Convention and Visitors Bureau for the Pinehurst, Southern Pines and Aberdeen area reported that Moore County hotels drew in $10.7 million in June. That’s up from the last U.S. Open held in Pinehurst in June 2005, which brought hotels $10.4 million. Typically, area hotels see about $4.5 million in June. The revenue collected by the hotels may include money spent on other amenities offered…
  • Hilton dials up new room-selection app in hotel tech race

    Rebecca Cooper
    28 Jul 2014 | 1:34 pm
    It seems like the region’s hotel companies are doing whatever they can to one-up each other in the technology arena. The latest? Hilton guests will soon be able to select their exact room within a hotel using a smartphone app, Hilton Worldwide Holdings Inc. said Monday. Marriott said in May that it was working on giving guests at its new Marriott Marquis the ability to order meals for delivery or pickup — a pared down form of room service — using a smartphone app. The hotel also has mobile…
  • Phoenix Sky Harbor named best airport for small businesses

    Emily Overholt
    28 Jul 2014 | 1:18 pm
    Phoenix Sky Harbor International Airport earned the top spot for airports in the U.S. for new small businesses, according to a report by the U.S. Department of Transportation’s Office of the Inspector General. Phoenix made its way to the top of the pack by adding 14 new small businesses in the 2012 fiscal year, as well as re-bidding on a large concession lease. This beat out Atlanta, with 10 new businesses, and Miami, with seven. This comes after a flurry of new, local eateries continue to opening…
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  • In hurricane season, a red binder can reduce employee absenteeism

    Anthony Pizzitola
    28 Jul 2014 | 2:05 pm
    Even though the economy is on the rebound, most businesses still maintain minimum staff. After all, tough times are hard to forget. So when employees experience a hurricane or flood, businesses can lose valuable employees for weeks, because most employees are not prepared for disasters. They may evacuate without any identification or insurance information and return to residences that have been destroyed along with vital documents. Not having these documents can create delays in insurance claims…
  • New nonprofit furniture store sets up in Uptown

    Tim Schooley
    28 Jul 2014 | 1:55 pm
    A new nonprofit furniture store has moved into the former home of a 110-year-old plumbing supply business in Uptown. Pennsylvania Furniture Warehouse, a nonprofit retailer that sells discontinued and “scratch-and-dent” merchandise at discount prices, has leased 21,000 square feet in Spring Way Center on Fifth Avenue, a portion of the former home of Meyers Plumbing, which closed down at the end of 2012. The business moved from a location near Frankstown Avenue for the new location in Uptown…
  • Business plan competition underway for PA women entrepreneurs

    Patty Tascarella
    28 Jul 2014 | 12:43 pm
    The Pennsylvania Commission for Women and state chapters of the National Association of Women Business Owners announced a business plan competition for women business owners in the commonwealth who started their companies on or after Jan. 1, 2012. Deadline for entries is Aug. 14. NAWBO chapters — Greater Pittsburgh, Greater Philadelphia and Northeast Pennsylvania — will each select one finalist to compete at the 2014 Women’s Mentorship Symposium, scheduled for Sept. 30 in Pittsburgh. Each…
  • MIA among top airports for new small businesses

    Emon Reiser
    28 Jul 2014 | 11:47 am
    Miami International Airport is the No. 3 airport in the U.S. for new small businesses, ranking among airports in Phoenix, Atlanta, Milwaukee and New Orleans. According to the report by the U.S. Department of Transportation's Office of the Inspector General, Miami found its place on the list by adding seven new disadvantaged business enterprises and small concession businesses, while simultaneously handling a major construction project in the 2012 fiscal year. Airports in Phoenix and Atlanta outranked…
  • Hiring among Miami small businesses rises, but pay falls

    Emon Reiser
    28 Jul 2014 | 11:43 am
    Miami's small businesses aren't yet following a nationwide trend of rising pay, according to a report from SurePayroll, an online payroll service. Year-over-year changes show that small businesses in Miami have had a 6.4 percent increase in hiring, but a 5 percent decrease in pay per check. The results also showed that Miami has had no change in pay per check and a 0.3 percent decrease in its hiring index. SurePayroll reported the first nationwide rise in pay per check in 2014, with a 0.2 percent…
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    Albany Business News - Local Albany News | Business Review of Albany

  • Family Dollar to keep name, brand after $8.5B acquisition by Dollar Tree

    Jennifer Thomas
    28 Jul 2014 | 4:09 pm
    The Family Dollar brand will live on following an $8.5 billion acquisition by Dollar Tree Inc. The Matthews-based discount retailer (NYSE:FDO) announced Monday that it had reached a cash and stock agreement with Dollar Tree (NASDAQ:DLTR) valued at $74.50 per share. Dollar Tree Chief Executive Bob Sasser says he envisions long-term store growth for both brands. "We plan to operate under both banners and grow both concepts," he says. Sasser shared those details during a conference-call discussion…
  • Cuomo defends Moreland outcome: 'Is it perfect? No. Is there more to do? Yes.'

    James Fink
    28 Jul 2014 | 3:34 pm
    Offering his first public response to a scathing New York Times article that alleged possible interference by his administration with a state commission created to tighten political ethics, Gov. Andrew Cuomo said the panel did exactly what it was supposed to do -- craft new legislation that addresses transparency issues among elected leaders. Cuomo used a University at Buffalo appearance to defend the work of the Moreland Commission. That commission led to Albany lawmakers approving new anti-bribery…
  • PricewaterhouseCoopers to close one of its Albany, NY offices

    Keshia Clukey
    28 Jul 2014 | 2:17 pm
    PricewaterhouseCoopers LLP will close one of its offices in Albany, New York, by Oct. 31. The firm is set to close its location at 677 Broadway, an office tower in the heart of downtown. PricewaterhouseCoopers was ranked fifth in the Albany region on the Business Review's 2014 CPA Firms List. When the List was published in January, the firm reported that it had 35 locally based, full-time CPAs. Its top three client industries include consumer/industrial products, health care and colleges and universities. The…
  • St. Peter's and Ellis Medicine start physician practice targeting diabetes

    David Robinson
    28 Jul 2014 | 12:07 pm
    A partnership between St. Peter’s Health Partners and Ellis Medicine is continuing to take shape. The latest news involves St. Peter’s and Ellis -- two of the region's largest hospital systems -- forming a physician practice to deal primarily with diabetes patients, of which the Albany area has about 43,000. Called the Capital Region Diabetes and Endocrine Care P.C., the project shows a growing trend in health care to consolidate doctors into practice group. Growing competition for patients…
  • Two more hours to bet at New York's racinos, when most people sleep

    Michael DeMasi
    28 Jul 2014 | 11:53 am
    Gamblers at Saratoga Casino and Raceway in Saratoga Springs, New York -- along with the eight other 'racinos' in the state -- could get two extra hours to bet at a time when most people are sleeping. A change in state law approved by the Legislature and signed by Gov. Andrew Cuomo allows racinos to close at 6 a.m instead of the previous 4 a.m. deadline. Racinos house hundreds of slot machines, a form of gambling that props up their original business, harness horse racing. The owners of the Saratoga…
 
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    Albuquerque Business News - Local Albuquerque News | Albuquerque Business First

  • Call reports too burdensome, ICBA says

    Dennis Domrzalski
    28 Jul 2014 | 1:48 pm
    The national organization that represents America’s community banks is asking bankers to sign an online petition to help stop one part of what it calls a “regulatory tsunami” against community banks. The Independent Community Bankers of America’s latest target in its self-proclaimed war against an increasing regulatory burden is the quarterly call reports that banks must file with the Federal Deposit Insurance Corp. The reports have 80 pages of forms to complete and 670 pages of instructions…
  • Work ceases on rumored Gigafactory site in Reno

    Dan Mayfield
    28 Jul 2014 | 1:32 pm
    Tesla Motors continues to mystify Gigafactory watchers. On Monday, the Reno Gazette Journal reported that work has halted on a site presumed to be one of two Gigafactory sites. Tahoe-Reno Industrial Center developer Lance Gilman told the paper that he could not confirm that the earthwork going on at the site was Tesla’s. The pad being cleared is 85 percent complete and is scheduled for a second phase of work, Gilman said. The news comes on the heels of many media reports, including some from…
  • Startup costs throw shade on Sol soccer team

    Dan Mayfield
    28 Jul 2014 | 1:16 pm
    The Albuquerque Sol professional soccer team may have wrapped up its season, but it isn’t slowing down. Sol President Ron Patel said Monday that the local Premier Development League team will bring in Carlos Valderrama, a former Colombian soccer superstar, for first-of-its kind exhibition game in Albuquerque this September. Valderrama and other former World Cup players will play in an exhibition called the International Legends Cup. “It will be two all-star teams of World Cup players, former…
  • New med school could bring 400 residency slots

    Dennis Domrzalski
    28 Jul 2014 | 12:59 pm
    The Burrell College of Osteopathic Medicine to be built on the campus of New Mexico State University hopes to open up to 400 new residency slots for medical school students in the next 10 years, the school’s CEO said Monday. Those slots are essential to increasing the supply of doctors in New Mexico because medical school graduates can’t practice medicine without first going through a residency program. And some of those slots could be at Lovelace Health System’s hospitals in Albuquerque. “We…
  • Hickey: 'court rulings have no impact on New Mexicans' (Video)

    Dennis Domrzalski
    28 Jul 2014 | 12:26 pm
    Dr. Martin Hickey, CEO of New Mexico Health Connections and New Mexico Health Insurance Exchange board member, told Albuquerque Business First on Friday that New Mexicans won't lose their federal health insurance premium subsidies. "We are a state-based exchange, therefore the court rulings have no impact on New Mexicans. All New Mexicans currently receiving subsidies and all New Mexicans who are eligible for subsidies in the new enrollment will be sure to get them, no matter what goes on in the…
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    Atlanta Business News - Local Atlanta News | Atlanta Business Chronicle

  • Valmiera Glass bringing HQ, 150 jobs to Georgia

    28 Jul 2014 | 1:23 pm
    Latvian fiberglass products company Valmiera Glass will open a $20 million U.S. headquarters in Dublin, Ga. The HQ will bring 150 jobs to the Peach State. Valmiera Glass will build an 80,000-square-foot facility on 40 acres in an industrial park on Interstate 16 in Dublin. The factory will make fiberglass products for the North American market. As a global partner to industries such as aerospace, oil and gas, automotive and others, Valmiera Glass offers a range of products including fiber production,…
  • Imagine Music Festival announces full lineup

    Phil W. Hudson
    28 Jul 2014 | 12:41 pm
    Imagine Music Festival has announced the full lineup for its inaugural two-day music event. The event will take place during Labor Day Weekend, Aug. 30-31, in Atlanta at three different locations – Historic Fourth Ward Park, Masquerade Music Park and Clear Creek Basin. Imagine is the third major electronic dance music festival to come to the Peach State. TomorrowWorld, the state’s largest music festival, announced its line up on June 17 and will be held from Sept. 26-28. in Chattahoochee Hills,…
  • FAA could fine Southwest Airlines $12M for improper repair procedures

    Nicholas Sakelaris
    28 Jul 2014 | 12:23 pm
    The Federal Aviation Administration could impose a $12 million fine against Southwest Airlines for improper procedures used during the airline fleets’ “extreme makeover.” Southwest (NYSE: LUV) and its contractor, Aviation Technical Services Inc., conducted major repairs on 44 Boeing 737s in 2006 that included repairing the aluminum skin on the aircraft. ATS is based in Washington state. In a statement, Dallas-based Southwest said it would respond within the 30 days required. Southwest does…
  • Metro Atlanta No. 5 for minority depository institutions

    Phil W. Hudson
    28 Jul 2014 | 11:54 am
    Metro Atlanta ranked fifth nationally by number of minority depository institutions (MDIs) by the Federal Deposit Insurance Corporation. Atlanta is home to nine institutions and 35 offices. Additionally, the Peach State ranked sixth nationally by number of MDIs, with 10 institutions and 41 offices. “Minority depository institutions are a time-honored institutional form, with the earliest minority-owned banks dating back as far as 1866. Yet, over time, there has been a growing recognition that…
  • Roswell’s Canton Street scores new location of The Big Ketch

    Amy Wenk
    28 Jul 2014 | 11:37 am
    Roswell’s historic Canton Street has landed another restaurant. The Big Ketch Saltwater Grill, a concept from Atlanta-based Southern Proper Hospitality, is planning a new location at 1105 Canton St. The roughly 5,000-square-foot restaurant would be the second location of The Big Ketch. The first is in Buckhead. “It’s another good addition to the increasingly impressive restaurant lineup in Roswell,” said Greg Eisenman, a vice president with the retail services group of Colliers International…
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    Austin Business News - Local Austin News | Austin Business Journal

  • Luminex doubles analysts' Q2 net income forecasts, boosts revenue

    Chad Swiatecki
    28 Jul 2014 | 4:43 pm
    Luminex Corp. on Monday reported second quarter earnings of $4.7 million, or 11 cents per share, on revenue of $55.6 million compared to $3.7 million, or 9 cents per share, on revenue of $54.3 million in the same quarter last year. The company also reported non-GAAP earnings of 20 cents per share, doubling analysts' estimates of 10 cents. Luminex (Nasdaq: LMNX) shares closed down 17 cents Monday to $17.57, before the company released its earnings report for the three months ended June 30. Revenue…
  • Austin-based investor expands Dallas-Fort Worth real estate holdings

    Candace Carlisle
    28 Jul 2014 | 4:25 pm
    Capital Commercial Investments Inc. of Austin has bought Two Hickory Centre, an office building in Farmers Branch, Texas, just north of Dallas. The 97,117-square-foot office building at 1750 Valley View Lane is about 40 percent occupied, with tenants including Beazer Homes, Border Foods and Bartlett Cocke. This acquisition is part of the Austin-based real estate investment firm's strategy to expand its holdings in the Dallas-Fort Worth metroplex, said Capital Commercial President and Founder Doug…
  • EZCorp names 4 board members on eve of Q2 earnings release

    Christopher Calnan
    28 Jul 2014 | 3:00 pm
    EZCorp Inc. took steps to shore up its board of directors Monday after the sudden termination and resignation of some longstanding board members. The Austin-based company (Nasdaq: EZPW) reported that interim President and CEO Mark Kuchenrither, former CEO Joseph Rotunda, former board member Thomas Roberts, and Peter Cumins, managing director of Western Australia-based Cash Converters International Ltd., were named to the board, according to a Monday filing with the U.S. Securities and Exchange Commission. The…
  • TeVido CEO: Austin biotech scene needs help to catch up to Boston

    Chad Swiatecki
    28 Jul 2014 | 12:54 pm
    Members of Austin’s fledging biotech and health care startup scene have an opportunity to make important connections on Tuesday when Seton Healthcare Family and Texans For Economic Progress present the MedTech and the Future of Health conference at University Medical Center Brackenridge. Meeting the heads of other health-focused startups in Austin is one of the top priorities for Laura Bosworth-Bucher, CEO and founder of TeVido BioDevices LLC, who said Austin companies will have to work together…
  • BP3 Global doubles office with move into Calxeda's space

    Christopher Calnan
    28 Jul 2014 | 12:50 pm
    BP3 Global Inc., a consulting firm specializing in business process management, is expanding its office for the third time in four years to meet heavy demand for its software and services. The Austin-based company is moving from a 6,000-square-foot office on North Mopac Expressway to the 12,000-square-foot previous home of Calxeda Inc., the semiconductor chipmaker that shuttered operations in late 2013. CEO Lance Gibbs expects BP3 Global to employ 75-90 Austin workers within two years, and 125-150…
 
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    Baltimore Business News - Local Baltimore News | Baltimore Business Journal

  • TowsonGlobal leader wants modern downtown Towson space for incubator

    Sarah Gantz
    28 Jul 2014 | 12:03 pm
    TowsonGlobal leader Frank Bonsal III wants to move the business incubator from the back of a nondescript office park to downtown Towson. The Towson University incubator does not have any immediate plans for moving out of its 7801 York Road office and Bonsal does not have a specific spot in mind. But he thinks a move to Towson’s increasingly vibrant downtown would make the incubator more attractive to students and startups looking not just for office space, but also a dynamic place to live and…
  • Archdiocese of Baltimore recruits Sellinger, Bramble to raise school revenue and enrollment

    Joanna Sullivan
    28 Jul 2014 | 11:52 am
    The Archdiocese of Baltimore has tapped two heavyweight Baltimore businessmen to help turn around the finances and enrollment declines of its 50 Catholic schools. James B. Sellinger, who led IBM’s Baltimore operations for 20 years, will take on the newly created role of chancellor of education for the school system. He starts the new job Aug. 1. The move by Archbishop William E. Lori will allow Barbara McGraw Edmondson, the schools superintendent, to focus on academics rather than the business…
  • Minority business advocate Arnold M. Jolivet dies at 71

    Sarah Meehan
    28 Jul 2014 | 11:26 am
    Baltimore lost one of its biggest minority business advocates Sunday. Arnold M. Jolivet, managing director of the Maryland Minority Contractors Association I, died July 27 at Sinai Hospital. He was 71. Jolivet held Baltimore City to its minority business participation goals, frequently challenging contract awards by the Board of Estimates and even filing lawsuits against city and state agencies. Baltimore City Councilman Carl Stokes said in a statement he was saddened by Jolivet's death. “I’ve…
  • BECO Management buys former Motorola complex outside Chicago, plans $50M redevelopment

    Ryan Sharrow
    28 Jul 2014 | 10:49 am
    Rockville’s BECO Management Inc. has paid $9.5 million for the former Motorola Mobility headquarters complex outside Chicago. BECO plans to spend $50 million to transform the 1.2 million-square-foot complex into Innovation Park, Chicago-Libertyville. The project will be managed by a newly created BECO Midwest division in Chicago. BECO purchased the five-building complex from Motorola Mobility Holdings LLC. BECO plans to complete renovations of the business park in late summer or early fall 2015. The…
  • LPGA International Crown at Caves Valley tops revenue, attendance goals

    Ryan McDonald
    28 Jul 2014 | 9:47 am
    The LPGA International Crown at Caves Valley Golf Club in Owings Mills exceeded its revenue budget despite an early exit by the U.S. "Obviously not having the Americans around on Sunday may have hurt us a little bit," said Rich Thomas, director of the International Crown. The top-seeded U.S. team was eliminated from the inaugural tournament on Saturday after it lost to South Korea on the first playoff hole. But Thomas said that even with the early elimination of the U.S., he was surprised with…
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    Birmingham Business News - Local Birmingham News | Birmingham Business Journal

  • HealthSouth eyes growth after strong 2Q

    Alan Alexander
    28 Jul 2014 | 3:10 pm
    HealthSouth Corp. posted an $81.6 million profit for the second quarter, beating analysts expectations. The Birmingham owner and operator of inpatient rehabilitation hospitals posted net operating revenue of $604.4 million, which was up from $564.5 million a year ago. Its $81.6 million in net income available to common HealthSouth shareholders was down from $159.4 million a year ago because the company posted an $86.5 million, one-time tax benefit during the second quarter of 2013. Still, its…
  • PSC approves Alagasco sale to Laclede

    Bryan Davis
    28 Jul 2014 | 2:57 pm
    The Laclede Group Inc. has crossed a major regulatory hurdle in its bid to purchase Birmingham's Alagasco from Energen Corp. Last week, the Alabama Public Service Commission gave the transaction approval, moving the company one step closer to acquiring Alabama's largest natural gas utility company. St. Louis-based Laclede raised around $600 million through the issuance of 10.35 million shares of stock and 2.8 million equity units for the purchase. The St. Louis Business Journal first reported on…
  • Man found dead in Dreamcakes truck that had been reported missing

    28 Jul 2014 | 2:33 pm
    No foul play is suspected in the case of a man who was found dead Sunday evening inside of a Dreamcakes food truck. According to the company's Facebook page, a heart attack is suspected as a possible cause of death of Shane Caldwell, 40, who was a driver for the popular food truck and cupcake company. Dreamcakes had previously said on social media that the truck was missing and had encouraged its followers to help track it down. Shortly after their plea, the truck was found in Homewood, according…
  • After decade of change, where does Birmingham rank as a banking hub?

    Antrenise Cole
    28 Jul 2014 | 1:04 pm
    The growth of Birmingham banks, specifically Regions Bank, has helped the area maintain its status as a banking hub despite a decade of significant change for its bank scene. The Birmingham-Hoover metro area now ranks as the 12th largest banking center by assets in the nation. That’s according to first-quarter data compiled by Bancography, using the total assets of bank subsidiaries headquartered in the market. Local banks reported a combined $245.7 billion in total assets as of March 31,…
  • Meet the Most Influential: Southpace's John Lauriello

    Bryan Davis
    28 Jul 2014 | 12:57 pm
    Editor's Note: In the July 11 issue, the Birmingham Business Journal unveiled its list of Birmingham's Most Influential Executives for 2014. Throughout this week, we'll be introducing you to several executives on the List. Click here to see the full List. It's hard to imagine Southpace Properties Principal John Lauriello as a long-haired bartender, who only missed the Woodstock music festival in 1969 because he had to turn around in the heavy traffic. A product of the 1960s, Lauriello’s life…
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    Boston Business News - Local Boston News | Boston Business Journal

  • New Mass. law allows public input in nursing home acquisitions, closures

    Jessica Bartlett
    28 Jul 2014 | 8:15 pm
    Companies looking to acquire, merge or close nursing homes will now have to go through a public hearing process to do so under new legislation signed by Gov. Deval Patrick. Passed as part of the state budget for the new fiscal year, the legislation will require the opportunity for public input before any license application, transfer of ownership, sale or closure of any skilled nursing facility, in addition to existing reviews by the state Department of Public Health. “Right now, if a hospital…
  • Mohegan Sun ends its 99-year lease for Palmer site

    28 Jul 2014 | 8:05 pm
    Mohegan Sun is ending its 99-year lease with Northeast Realty for the former casino site off Thorndike Street in Palmer, blaming its inability to find a major retailer to anchor a proposed development there as the reason. Northeast Realty, in a prepared statement, said the move comes as no surprise and "confirms Northeast's position that Mohegan Sun never intended to legitimately pursue non-gaming development" on the Palmer land off Route 32. Northeast said that the lease agreement gives Mohegan…
  • Boston Harbor Cruises has more than doubled in size since 2006

    Jon Chesto
    28 Jul 2014 | 7:59 pm
    If the Market Basket mess is a perfect example of what can go wrong with a family-owned company, then Boston Harbor Cruises’ rising tide is a perfect example of what can go right. The company’s roots date back to 1926, and its latest upward trajectory began in 2006 when members of the Nolan family bought out Modern Continental’s majority stake. The construction contractor, best known for the Big Dig, had run aground amid significant financial problems. It was a good opportunity for the Nolans…
  • Mayor Walsh says he's excited about possibility of hosting Olympics in 2024

    Thomas Grillo
    28 Jul 2014 | 7:44 pm
    Boston Mayor Martin J. Walsh returned from a meeting with the U.S. Olympic Committee sounding more upbeat than ever about the prospects of bringing the 2024 Olympics to Boston. Walsh was one of several representatives from Boston who attended the meeting last week at the U.S. Olympic headquarters in Colorado Springs. Contingents from the three other U.S. cities in contention — Los Angeles, San Francisco and Washington — also attended. “I spoke about the 'Boston 2030 plan' for the city’s…
  • Brightcove powering Yelp's new video feature

    David Harris
    28 Jul 2014 | 1:42 pm
    Brightcove(Nasdaq: BCOV), a Boston-based provider of cloud services for video, announced Monday that it's powering Yelp's new video feature. With the new feature, users of business review site Yelp (NYSE: YELP) can upload short video clips up to 12 seconds long with the help of the Brightcove video cloud online video software and the Brightcove Zencoder cloud-based encoding service. Video content can range from the scenery and setting around a business to the ambiance and services inside. Other…
 
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    Buffalo Business News - Local Buffalo News | Business First of Buffalo

  • In-house counsel go outside on big issues

    Michael Petro
    28 Jul 2014 | 6:00 pm
    For many companies, having general counsel is one way to keep legal matters in-house by professionals who know the organization and can tackle issues that arise in a less-expensive manner. However, there’s no avoiding the use of outside counsel when it comes to complex matters outside their expertise, said attorneys at the Business First Industry Roundtable last month at Hodgson Russ LLP in downtown Buffalo. Kristy Berner, general counsel at First Niagara Financial Group, said to stay on top of…
  • Niagara Falls hospital launches program for care at home and in the community

    Tracey Drury
    28 Jul 2014 | 12:10 pm
    Niagara Falls Memorial Medical Center is launching a new program to enhance care for patients once they leave the hospital. With $376,000 in grant funding from the New York State Department of Health, the hospital will create Building Bridges to Home and Community Care to support family members caring for Medicaid beneficiaries at home and in the community. The program restructures the discharge process to ensure better post-hospital care with a goal of reducing hospital readmissions and nursing…
  • Liazon, Bak are among eight companies pledging a total of 659 new jobs in WNY

    James Fink
    28 Jul 2014 | 11:54 am
    The rapid growth of one Buffalo company and the arrival of another are highlights of today's announcement of Start-Up NY incentives. Gov. Andrew Cuomo announced at the University at Buffalo that eight firms will either expand or locate in Western New York, partly because of Start-Up NY packages. An emerging online-benefits exchange provider, Liazon Corp., has pledged to create 500 jobs during the next five years because of Start-Up NY, while fledgling Bak USA says it will create 100 jobs. Start-UP…
  • New deal puts Walsh Duffield into Rochester market

    Allissa Kline
    28 Jul 2014 | 11:36 am
    Insurance agency Walsh Duffield Co. Inc. is expanding to Rochester with the partial acquisition of the Stuart G. Smith Agency LLC. Buffalo-based Walsh Duffield announced this afternoon that it now owns 50 percent of the Brighton agency, which has been renamed Walsh Quinn Agency LLC. Terms of the deal, which closed June 30, were not disclosed. Patrick Quinn, president of Stuart G. Smith since 2007, owns the remaining 50 percent of the business, according to Barney Walsh, executive vice president.…
  • Cuomo defends Moreland outcome: 'Is it perfect? No. Is there more to do? Yes.'

    James Fink
    28 Jul 2014 | 10:40 am
    Offering his first public response to a scathing New York Times article that alleged possible interference by his administration with a state commission created to tighten political ethics, Gov. Andrew Cuomo said the panel did exactly what it was supposed to do -- craft new legislation that addresses transparency issues among elected leaders. Cuomo used a University at Buffalo appearance to defend the work of the Moreland Commission. That commission led to Albany lawmakers approving new anti-bribery…
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    Charlotte Business News - Local Charlotte News | Charlotte Business Journal

  • Poll: Reaction to Duke Energy ash spill hurts Tillis politically

    John Downey
    28 Jul 2014 | 2:43 pm
    A new poll commissioned by an environmental group says state voters largely pan the N.C. House bill on coal-ash regulation and that dissatisfaction appears to be hurting House Speaker Thom Tillis politically. According to the N.C. League of Conservation Voters’ poll, 76 percent of voters think state lawmakers should force Duke Energy Corp. to excavate 33 N.C. coal ash ponds and bury the waste in lined landfills. Neither the House or State Senate bill goes that far. And the poll says 82 percent…
  • Session drags on as pols debate 'Carolina Comeback'

    Erik Spanberg
    28 Jul 2014 | 2:37 pm
    Last week, during one of two celebratory jobs announcements at the Charlotte Chamber, Gov. Pat McCrory proclaimed, once again, the fruits of what he calls a “Carolina Comeback.” McCrory’s Republican administration touted a week of press conference pep rallies headlined by nearly 1,700 new jobs, most of them in Charlotte. “We’re showing strength again in Charlotte, which again helps the entire state,” McCrory, a former seven-term Charlotte mayor, said last Tuesday while introducing Spectra…
  • Family Dollar to keep Matthews HQ for ‘foreseeable future’

    Jennifer Thomas
    28 Jul 2014 | 2:12 pm
    Family Dollar Stores Inc. (NYSE:FDO) will continue to operate its Matthews headquarters for the foreseeable future. The Matthews-based discount retailer will be acquired by Dollar Tree Inc., based in Chesapeake, Va., in a deal valued at $8.5 billion. Family Dollar released a memo to employees on Monday from CEO Howard Levine. It also included a list of frequently asked questions, addressing topics from compensation and benefits to job roles and what happens next. “There are no plans for relocation…
  • Kicking off a big football week in Charlotte

    Erik Spanberg
    28 Jul 2014 | 1:43 pm
    Here comes the first local test of whether interest in the World Cup this summer translates to buying tickets from watching matches on TV. On Saturday at Bank of America Stadium, an international exhibition match — a friendly, in soccer parlance — takes center stage uptown as Liverpool faces AC Milan. As noted earlier, Charlotte soccer fans will be forced to make do without Luis Suarez, the suspended kicking-biting dual threat who left Liverpool for Barcelona this month. The soccer match …
  • Report: Finance and accounting employee confidence drops

    Phil W. Hudson
    28 Jul 2014 | 1:14 pm
    Finance and accounting employee confidence fell in the second quarter after reaching a near seven-year high in the first quarter, according to The Randstad Professionals’ Finance & Accounting Employee Confidence Index. The index dropped to 58 in the second quarter, down 6.3 points from the first quarter. Despite the overall decline in employee confidence among professionals in this sector, the index remained above 50, which indicates a positive reading. Atlanta-based Randstad U.S. said despite…
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    Cincinnati Business News - Local Cincinnati News | Business Courier of Cincinnati

  • EXCLUSIVE: Cranley steps up on Union Terminal funding; could lead to vote on icon tax

    Chris Wetterich
    28 Jul 2014 | 3:21 pm
    Cincinnati Mayor John Cranley said Monday he would have the city make annual payments toward the upkeep of Union Terminal for the next 25 years, a move that could pave the way for Hamilton County commissioners to place the so-called icon tax on November’s ballot. Cranley, a Democrat, will propose that the city continue to make $200,000-a-year annual payments toward Union Terminal’s maintenance. That’s what the city has been paying each year, but it is not legally obligated to continuing doing…
  • Three reasons analyst says Fifth Third shares should jump

    Steve Watkins
    28 Jul 2014 | 12:01 pm
    The impact of doing away with payday-like loans, strong loan demand, a cheap stock and cuts to its branch network give Fifth Third Bancorp the potential to crank up the stock price, one analyst says. Those factors combined to cause Robert W. Baird & Co. analyst David George to lift his target for Fifth Third’s stock price to $23. That’s a 10 percent gain from the $20.87 level where Fifth Third was trading in mid-afternoon on Monday. It had fallen 31 cents, or 1.5 percent, on the day. George…
  • New juice bar coming to Over-the-Rhine

    Tom Demeropolis
    28 Jul 2014 | 11:42 am
    A new juice bar, Off the Vine Cincy Juice Bar, is coming soon to Over-the-Rhine. The new juice bar concept will be located at 1218 Vine St. The space was formerly occupied by Cincy Haus: American Legacy Tours, which was the hub for Over-the-Rhine walking tours and a shop for Cincinnati merchandise. Cydney Rabe, the owner and trainer at Core a Movement Studio, also in Over-the-Rhine, is one of the co-owners of Off the Vine. There was a need in Cincinnati for a juice bar concept, she said. "We were…
  • Local startup’s partnership with Amazon helps launch new store

    Andy Brownfield
    28 Jul 2014 | 11:39 am
    E-commerce giant Amazon (NASDAQ: AMZN) announced Monday the launch of a new 3-D Printed Products store that was created through a pilot done with local startup 3DLT. The new store allows consumers to choose and customize one of more than 200 unique products and designs and have them printed on demand. Products at launch include jewelry, toys, home decor and fashion accessories. Amazon started a pilot project involving 3-D printed objects earlier this year, which involved 3DLT and four other companies. John…
  • Candace Klein lands new role at crowdlending firm

    Andy Brownfield
    28 Jul 2014 | 11:12 am
    Attorney, serial entrepreneur and founder of embattled microlending platform SoMoLend Candace Klein has landed an executive role at a San Diego tech firm. Klein was named chief strategy officer at online crowdlending provider Dealstruck. Dealstruck connects small- and medium-sized businesses with individual and institutional accredited investors as an alternative to loans from banks and alternative lenders. If that sounds familiar, it’s because the concept is similar to what Klein created in…
 
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    Columbus Business News - Local Columbus News | Business First of Columbus

  • Epcon Communities returns to Hilliard with 50-unit condo project

    Brian R. Ball
    28 Jul 2014 | 2:07 pm
    Dublin condominium developer Epcon Communities has a Hilliard community nearing construction after nearly 20 years building on the edges of the suburb. The 50-unit Courtyards at Hayden Run will get under construction in August after a ceremonial groundbreaking nearly two weeks ago. Nanette Overly, Epcon’s vice president of sales and marketing, told me the community set for 6033 Hayden Run Road marks the first project within Hilliard’s boundaries since two communities next to the Heritage Lakes…
  • Zulily expanding Obetz distribution center as it plans 900 new call center jobs in Central Ohio

    Brian R. Ball
    28 Jul 2014 | 1:56 pm
    The 900 call center jobs online discount retailer Zulily Inc. plans to create through late 2014 made a big splash today, but the Seattle-based company has more quietly expanded its Obetz distribution center well above the 580 jobs it originally pledged to create in late 2011. Zulily spokeswoman Laura Jones said the distribution center now has exceeded the initial level. In early March, it worked out a deal to expand the distribution center employment by another 500 jobs in the next few years. Obetz…
  • IronGate Equestrian Center opens Friday, can accommodate thousands of guests for corporate events, weddings

    Dan Eaton
    28 Jul 2014 | 1:46 pm
    The IronGate Equestrian Center is ready to say giddyup to new business. The 105-acre Croton horse boarding and training facility has been a private venture for its 15-year existence, but new owners are set to open it not just to the riding public, but to corporate and wedding events, too. It recently was part of the Longaberger family holdings. Mark Schuster and business partner Scott Snedegar bought it in February for $1.62 million with the intent of keeping it solely as a horse-related facility…
  • Central Ohio companies spending billions on acquisitions, Innovation Forward report finds

    Evan Weese
    28 Jul 2014 | 1:18 pm
    As the balance sheets of Central Ohio businesses continue to improve, more are reaching out of market to grow by mergers and acquisitions in a departure from recession-related trends. That’s according to a midyear report from Innovation Forward LLC. The Worthington venture capital consulting firm found 47 local companies made out-of-town acquisitions during the first halves of 2013 and 2014, at a total cost of more than $3 billion. Over the same period, 37 out-of-market businesses reached into…
  • OSU, AEP Energy installing solar array on top of main gym, will be school’s biggest

    Tom Knox
    28 Jul 2014 | 12:40 pm
    The Ohio State University and American Electric Power Company Inc.’s (NYSE:AEP) unregulated subsidiary have started construction on a solar array in the central part of the school’s campus. Ohio State and AEP Energy are installing the 101-kilowatt solar array on the roof of Ohio State’s main gym, the Recreation and Physical Activities Center. It will be the school’s biggest. When finished in about two months, the 367 solar panels will provide some electricity to the facility. Fittingly,…
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    Dallas Business News - Local Dallas News | Dallas Business Journal

  • Real Madrid superstar Cristiano Ronaldo heading to Dallas to play at Cotton Bowl

    Candace Carlisle
    28 Jul 2014 | 4:50 pm
    Real Madrid's superstar player Cristiano Ronaldo has boarded his flight to Dallas to play in the 2014 Guinness International Champions Cup at the Cotton Bowl Tuesday. The game at the Cotton Bowl is part of the larger tournament throughout North America, which features eight top European teams, including Manchester United and Liverpool FC. Dallas is one of about a dozen cities selected for the tournament, which runs from July 26 through Aug. 4. Each game is expected to attract crowds of between…
  • Texas Health Resources names Barclay Berdan next CEO

    Bill Hethcock
    28 Jul 2014 | 4:11 pm
    Texas Health Resources has named Barclay Berdan, the system’s chief operating officer, as CEO after a nationwide search. Berdan takes the helm of Arlington-based Texas Health, one of North Texas’ largest hospital systems, effective Sept. 1. He is replacing longtime CEO Doug Hawthorne, who announced last January that he was stepping down from the CEO position of the 25-hospital system. “I am deeply honored to be asked to serve as the next CEO of Texas Health Resources,” Berdan said in a…
  • How many Aggies does it take to attract the SEC Network?

    Candace Carlisle
    28 Jul 2014 | 3:17 pm
    Dallas-Fort Worth has a "huge following" of Texas A&M Aggie alums -- 54,219 to be exact -- and they're a big draw for the soon-to-launch SEC Network. The sports network kicks off the upcoming college football season with A&M's opener against South Carolina on Aug. 28. "The SEC has been successful in athletics and this was a great decision to launch their own network, in conjunction with ESPN," Marcus Spears, a former defensive lineman of the Cowboys and SEC Network commentator told the Dallas Business…
  • Pentagon's acquisition chief explains why everyone should cut the F-35 program some slack

    Jill R. Aitoro
    28 Jul 2014 | 1:55 pm
    Sure, it may be years past schedule and billions over budget, but cut the F-35 Joint Strike Fighter program some slack. That was the message from Frank Kendall, undersecretary of defense for acquisition, technology and logistics, speaking July 24 at a roll-out ceremony for the first two F-35 training aircraft delivered to Australia. He pointed to millions of lines of code, an integrated design that brings together stealth, advanced sensors, radars, and infrared sensors, electronic warfare capability,…
  • Why Dallas was named No. 3 travel destination in the U.S.

    Candace Carlisle
    28 Jul 2014 | 1:39 pm
    Perhaps bigger things are happening to Dallas, especially after it was ranked as the No. 3 destination for business or leisure travelers in the United States, according to a recent industry report. "This reaffirms the efforts, such as campaign and marketing efforts, we have embarked on the last few years as Dallas being a destination," Phillip Jones, president and CEO of the Dallas Convention & Visitor's Bureau told the Dallas Business Journal."We have spent billions of dollars on new development…
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    Dayton Business News - Local Dayton News | Dayton Business Journal

  • University of Dayton makes changes to new logo

    Tristan Navera
    28 Jul 2014 | 1:39 pm
    University of Dayton is making some changes to its logo after a less-than-popular roll-out, and will have three different versions of the logo. Officials have confirmed the logo at midcourt at UD Arena has been modified so the logo is now entirely red, where it previously was a red “D” with three navy blue wing-like lines. The blue “wings” were confused with being a “U” by many and some thought it looked more like a “V” than anything else. The logo remains the same in form but…
  • Speedway’s big investment: All about location

    Tristan Navera
    28 Jul 2014 | 1:27 pm
    Speedway LLC looked at a lot of places before it settled on an up-and-coming tech park in Springfield. The company, which today announced a $9.1 million investment in Clark County to create 350 jobs at its Enon headquarters building and at a new location in Springfield ( click here for that full story), had considered a number of other sites, but local officials say its long-standing relationship with local economic development officials was what made it decide to continue its growth locally. “They…
  • Congressman Turner: Dayton ‘doesn’t have resources’ to house illegal immigrant children

    Tristan Navera
    28 Jul 2014 | 11:58 am
    U.S. Rep. Mike Turner says Dayton doesn’t have the resources to address an influx of immigrant children. Turner held a press conference Monday on the heels of Mayor Nan Whaley being contacted by officials at the Department of Health and Human Services about Dayton being a possible site for the relocation of immigrants crossing the border from Mexico. He was joined by Phil Plummer, Montgomery County Sheriff and State Rep. Michael Henne, R-Clay Township. Vote Now: Should Dayton be a receiver site…
  • Airbus to hold Ohio outreach event in Kettering

    Joe Cogliano
    28 Jul 2014 | 11:50 am
    Airbus will reach out to Ohio manufacturers with an event in the Dayton area next month. The National Composite Center in Kettering — along with U.S. Sen. Sherrod Brown, D-Ohio; U.S. Rep. Mike Turner, R-Dayton; and David Williams, vice president of procurement for Airbus Americas — will co-host a procurement conference on Sept. 15. The idea is to facilitate increased business with Ohio’s aerospace manufacturers by providing them an opportunity to connect with Airbus and its Tier-1 suppliers. Note:…
  • Restaurant chain scopes locations in Dayton, boosts local contractor (Exclusive)

    Olivia Barrow
    28 Jul 2014 | 11:37 am
    A popular fast-casual restaurant chain with huge expansion plans is looking at Dayton. Tom & Chee, a grilled cheese and tomato soup shop based in the Cincinnati area, is scouting out spots for corporate locations in Dayton as it also ramps up an aggressive franchising plan, said Jeff Samuelson, managing member/developer of Kettering-based JZ Construction. Related: Readers pick Top 35 best restaurants in Dayton region. JZ Construction won an agreement with Tom & Chee to be the contractor for all…
 
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    Denver Business News - Local Denver News | Denver Business Journal

  • Arvada Urban Renewal Authority picks Buckingham as Ralston Creek North developer

    Molly Armbrister
    28 Jul 2014 | 3:32 pm
    The board of the Arvada Urban Renewal Authority (AURA) has chosen a team led by Buckingham Cos. as the developer for Ralston Creek North, a 14-acre parcel within the Ralston Fields Urban Renewal Area. Indianapolis-based Buckingham's team includes Boulder-based Urban Investment Group and Denver-based Larimer Associates. The Ralston Creek North area includes the Arvada Square shopping center, Independence Plaza and a former Safeway. These sites have become ideal properties for redevelopment, the…
  • Should the U.S. legalize marijuana? New York Times thinks so (Video)

    28 Jul 2014 | 3:23 pm
    Should the nation as a whole join Colorado and Washington state in legalizing recreational marijuana? The New York Times thinks so. In a series of editorials, the newspaper calls on the federal government to "repeal the ban on marijuana." "It has been more than 40 years since Congress passed the current ban on marijuana, inflicting great harm on society just to prohibit a substance far less dangerous than alcohol," the Times says, comparing the federal pot ban to Prohibition, during which "otherwise…
  • Brookdale Senior Living buys Denver Heritage Club building for $20 million

    Molly Armbrister
    28 Jul 2014 | 1:38 pm
    Tennessee-based Brookdale Senior Living Inc. has purchased the building where it operates the senior-living community Heritage Club of Denver for $20 million. Heritage Club is located at 2020 S. Monroe St. in Denver and was formerly owned by Chicago-based Lillibridge Healthcare Services Inc. Brookdale has operated Heritage Club for several years, said Kristin Puckett, public relations manager for Brookdale. The company decided to take advantage of an opportunity to purchase the property, Puckett…
  • Craft beer production is up 18% in the first half of 2014

    Ed Sealover
    28 Jul 2014 | 12:01 pm
    To all those who have been waiting for the craft-beer bubble to burst, the Brewers Association sent a definitive message Monday: It’s not coming anytime soon. Through the first half of 2014, production of locally made beer is up 18 percent from the mid-point of 2013, according to the Boulder-based national industry group. This comes as national shipments of all beer are down 0.1 percent through the end of May — a disparity that Bart Watson, chief economist for the BA, said tells a striking…
  • Denver ranks No. 1 in nation in employment opportunities (Slideshow)

    Heather Draper
    28 Jul 2014 | 11:14 am
    Denver ranked first in the nation in employment and earning opportunities in a WalletHub.com survey released Monday. Using 18 metrics, Wallet Hub — a financial insights website — ranked the Mile High City fourth overall in terms of being recovered from the recession. The slideshow highlights the top 10 most recovered cities. Aurora ranked 14th on the list of most recovered cities. To evaluate the progress of local cities in driving economic growth, WalletHub compared the 150 largest U.S.…
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    Greensboro Business News - Local Greensboro News | The Business Journal of the Greater Triad Area

  • Herbalife stock tumbles 11% after second-quarter earnings report

    Catherine Carlock
    28 Jul 2014 | 2:26 pm
    Herbalife Ltd. late Monday reported$1.3 billion in second-quarter revenue and $141.4 million in adjusted profit, results that missed analysts’ expectations and sent Herbalife shares down more than 11 percent in after-hours trading. Herbalife’s adjusted net profit of $141.4 million, or $1.55 per share, was down 6.2 percent from $150.7 million the year prior, while sales rose 7 percent in that time frame. “Herbalife has once again delivered strong results in sales and profitability while demonstrating…
  • Targacept misses again - overactive bladder treatment fails in trial

    Matt Evans
    28 Jul 2014 | 2:17 pm
    A string of clinical disappointments for Winston-Salem biotech firm Targacept has been extended by the outcome of a trial of a potential treatment for patients suffering from overactive bladder. There are millions of people who suffer from overactive bladder, or OAB, and Targacept (NASDAQ: TRGT) has seen evidence in preclinical studies that its drug TC-5214 might have an impact on the neural nicotinic receptors that signal bladder contractions and the urge to urinate. But CEO Dr. Stephen Hill said…
  • Greensboro, Winston-Salem rank in middle of the pack for most 'recession-recovered' cities

    Meredith Hamrick
    28 Jul 2014 | 1:07 pm
    Greensboro and Winston-Salem rank in the middle of the pack in a WalletHub list of most “recession-recovered cities” in the U.S. TGreensboro was No. 84 and Winston-Salem was No. 87 on the list of all 150 of the largest cities in the U.S Two North Carolina cities claimed top 10 spots. Fayetteville snagged the No. 3 spot because of a large decrease in its ratio of part-time to full-time jobs. Raleigh ranked No. 10. Of all the cities, its population has grown the fastest during the past five…
  • JSNN nanomanufacturing group adds members

    Matt Evans
    28 Jul 2014 | 11:57 am
    An organization established by the Joint School of Nanoscience and Nanoengineering and Gateway University Research Park in Greensboro to build partnerships between academic researchers and industry has grown to 25 members in its first year, according to an update from the JSNN. The Nanomanufacturing Innovation Consortium was formed in July 2013 with an initial group of members that included RF Micro Devices, Syngenta and VF Jeanswear among others. Members pay a fee to join the NIC and in return…
  • Renfro to manufacture, market New Balance socks

    Matt Evans
    28 Jul 2014 | 11:48 am
    Mount Airy hosiery firm Renfro Corp. has struck a license agreement with New Balance to design, manufacture and market new and existing lines of socks for the athletic apparel brand. That license agreement took effect this month and covers the U.S. and Canada, Renfro said in a news release, though no financial terms were disclosed. Renfro has factories in the U.S. and overseas, and about 200 of its 5,000 employees are at its corporate headquarters and warehouse in Mount Airy. New Balance is the…
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    Honolulu Business News - Local Honolulu News | Pacific Business News of Honolulu

  • Officials, lawyer, say Tom Apple is still University of Hawaii at Manoa’s chancellor

    Matt Tuohy
    28 Jul 2014 | 8:52 pm
    Tom Apple is still the chancellor of the University of Hawaii at Manoa, according to a University of Hawaii spokeswoman and an attorney hired by Apple, refuting multiple news reports of his imminent departure. Several local news outlets, citing unnamed sources, reported on the chancellor's imminent departure over the weekend. No official word has been given about Apple's departure from UH Manoa. University spokeswomen Lynne Waters issued a statement saying that, despite the reports, Apple is still…
  • Construction on $1.3B Thirty Meter Telescope in Hawaii may start in the fall

    Matt Tuohy
    28 Jul 2014 | 8:33 pm
    Construction of the $1.3 billion Thirty Meter Telescope atop Mauna Kea on Hawaii's Big Island could start as early as this fall. The telescope, the largest of its kind, will allow researchers to study planets in our solar system, explore other galaxies and help determine the age of the oldest stars in the universe. The Thirty Meter Telescope has been in production for about 10 years, said Ed Stone, a professor of physics at the California Institute of Technology and the new executive director of…
  • Finance Factors closes on purchase of Honolulu property

    Jason Ubay
    28 Jul 2014 | 8:15 pm
    Finance Factors said Monday it has closed on the purchase of a two-story commercial and residential building in Honolulu's Kaimuki neighborhood for an undisclosed price. The locally owned financial services company would like to open a branch there but no specific plans are set, said Corinne Tanna, vice president of marketing, Finance Factors. She said a new branch would require approval from the Federal Deposit Insurance Corp., which would take at least a year. The company will, however, refinish…
  • Honolulu is great for a walk in the park, WalletHub study says

    Bill Cresenzo
    28 Jul 2014 | 5:59 pm
    If you want to take a lunch break with a burger in a Honolulu park, you have plenty of places to do it, but be ready to pay top dollar for the burger, according to a study released this week from financial website WalletHub. The report listed the best U.S. cities for recreation and part of the study considered how much park space each city has and how much burgers cost. Honolulu ranked No. 3 out of 100 on the list in terms of the percentage of parkland, and No. 92 in terms of the prices of burgers…
  • Owner of Grand Hyatt Kauai Resort still not happy with dairy's new plan

    Duane Shimogawa
    28 Jul 2014 | 5:53 pm
    Kawailoa Development, the owner of the Grand Hyatt Kauai Resort and Spa and Poipu Bay Golf Course, which is located near the proposed dairy being funded by eBay founder Pierre Omidyar’s Ulupono Initiative, is not satisfied with the dairy’s decision to conduct its operation in phases with a smaller first phase after hearing community concerns. Kawailoa Development, which earlier this month filed a lawsuit against Hawaii Dairy Farms claiming its business will be adversely affected by the dairy…
 
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    Houston Business News - Local Houston News | Houston Business Journal

  • What you might not know about maternity (and paternity) leave

    Joe Martin
    28 Jul 2014 | 3:07 pm
    There are a lot of questions out there to what an employee is entitled to surrounding maternity or paternity leave, but sometimes there aren't always a lot of answers. The legislation in Texas is the same as national laws for maternity or paternity, but businesses are still required to meet the minimum regulations as put in place by the Family and Medical Leave Act, which applies to employers with more than 50 employees, and with the Pregnancy Discrimination Act of 1978. FMLA states that an employee…
  • 5 reasons why Houston’s apartment market is hot

    Paul Takahashi
    28 Jul 2014 | 2:31 pm
    Developers are building apartment units at breakneck speed to fill Houston’s housing shortage and demand for resort-style living. Garden-style, mid-rise and high-rise apartment buildings are cropping up across the city, especially in the suburbs, the inner Loop and the Energy Corridor. “The entire apartment market is hot, and it’s been hot for several years now because of the job growth driven by the oil industry,” said Bruce McClenny, president of Apartment Data Services Inc., a local…
  • In hurricane season, a red binder can reduce employee absenteeism

    Anthony Pizzitola
    28 Jul 2014 | 2:05 pm
    Even though the economy is on the rebound, most businesses still maintain minimum staff. After all, tough times are hard to forget. So when employees experience a hurricane or flood, businesses can lose valuable employees for weeks, because most employees are not prepared for disasters. They may evacuate without any identification or insurance information and return to residences that have been destroyed along with vital documents. Not having these documents can create delays in insurance claims…
  • Houston private equity group funds new energy company

    Jordan Blum
    28 Jul 2014 | 12:54 pm
    As private equity continues to help fuel the energy boom, Houston-based Post Oak Energy Capital LP has committed $150 million to jumpstart a new energy company. The funding will go to the newly formed CP Exploration II LLC, which is based out of Dallas and Lafayette, Louisiana, for acquisitions and growth capital. CP Exploration, or CPX, is led by CEO Tom Powell, who has a history of developing multiple U.S. basins along the Gulf Coast, the Rockies and Appalachia. The new funding will let CPX expand…
  • Exxon reportedly considering massive Beaumont refinery expansion

    Olivia Pulsinelli
    28 Jul 2014 | 12:51 pm
    Exxon Mobil Corp. (NYSE: XOM) reportedly is considering a major expansion of its Beaumont refinery in response to the U.S. shale boom, according to Reuters. People with knowledge of the situation told Reuters a potential multibillion-dollar expansion of the 344,600-barrel-per-day refinery could expand it to at least 500,000 bpd or possibly as much as 700,000 bpd. The expansion could be complete by 2020 and would include adding a third crude distillation unit. Although an Exxon spokesman declined…
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    Jacksonville Business News - Local Jacksonville News | Jacksonville Business Journal

  • Jacksonville Ronald McDonald House to add 20-plus rooms

    Andrew Thurlow
    28 Jul 2014 | 1:09 pm
    Ronald McDonald House Charities of Jacksonville is looking to add more than 24 rooms to its 30-bedroom facility, a project with a price tag upwards of $8 million. The 42,000-square-foot building at 824 Children’s Way would be expanded by nearly 30,000 square feet although "the final figures are expected to be larger,” a spokesperson for the charity said Monday. Details on the expansion will be released in mid-August, and the project is expected to break ground after Labor Day. The spokesman…
  • Pentagon's acquisition chief explains why everyone should cut the F-35 program some slack

    Jill R. Aitoro
    28 Jul 2014 | 12:22 pm
    Sure, it may be years past schedule and billions over budget, but cut the F-35 Joint Strike Fighter program some slack. That was the message from Frank Kendall, undersecretary of defense for acquisition, technology and logistics, speaking July 24 at a roll-out ceremony for the first two F-35 training aircraft delivered to Australia. He pointed to millions of lines of code, an integrated design that brings together stealth, advanced sensors, radars, and infrared sensors, electronic warfare capability,…
  • EXCLUSIVE: A first look at possible Jaguar plans for the Shipyards

    Andrew Thurlow
    28 Jul 2014 | 11:55 am
    Shad Khan's plans for the Shipyards could include office, retail, residential and medical facilities — and perhaps a Ferris wheel, according to plans unveiled at a builders conference in Orlando. During a presentation at the Southeast Building Conference, Orlando architect Don Evans laid out renderings he said he had designed for Shad Khan, which can be clicked through above. The plans include office, retail, residential and medical facilities, according to a source at the conference. Representatives…
  • Economic optimism rules the First Coast

    Colleen Michele Jones
    28 Jul 2014 | 11:30 am
    On the whole, Northeast Floridians have a pretty positive outlook on the local economy and their place in it according to a survey conducted by JP Morgan Chase in partnership with the JaxUSA economic development organization. Two-thirds of the 490 adults surveyed across Jacksonville and its surrounding six counties said they believed the local economy was stable or getting better. Northeast Floridians are also more optimistic about their employment market than the national average. Nearly two-thirds…
  • Jacksonville not recovering as fast from recession as other Florida cities, says WalletHub report

    Catherine Byerly
    28 Jul 2014 | 11:26 am
    Jacksonville is painfully behind other major Florida cities when it comes to snapping back from the recession, according to a national economic analysis. In Wallet Hub's ranking of 150 cities ranked by recovery from the Great Recession, Jacksonville comes in at No. 124. WalletHub compared the 150 largest U.S. cities to identify those that have experienced the most and least growth since the recession, using 18 metrics to examine how each city has evolved economically in the past several years. Here…
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    Kansas City Business News - Local Kansas City News | Kansas City Business Journal

  • By the numbers: St. Joseph and St. Mary's medical centers

    Brianne Pfannenstiel
    28 Jul 2014 | 1:02 pm
    Carondelet Health announced Monday that it would sell its two Kansas City-area acute-care general hospitals to California-based Prime Healthcare Services Inc. for an undisclosed amount. St. Joseph Medical Center has been providing care in Kansas City since 1874, and St. Mary's Medical Center in Blue Springs has been in Eastern Jackson County for more than 30 years. Their footprint in the metro area is sizable, with about 450 patient beds and about 900 physicians. Here's a look at both hospitals…
  • Sears: KC is ideal location for new distribution center

    Leslie Collins
    28 Jul 2014 | 12:59 pm
    Sears Hometown and Outlet Stores Inc. knew it needed to create a central distribution center for the south-central region, and Kansas City was the ideal choice for several reasons. "One, we needed a facility in the heartland that could serve the central part of the country," said Peter Nero, vice president of real estate for Sears Hometown and Outlet Stores. "Secondly, we already had a presence there and good response in the marketplace for our retail store. Thirdly was the workforce that existed…
  • The five strongest midsized banks in Kansas City (1Q 2014)

    James Dornbrook
    28 Jul 2014 | 12:56 pm
    Thanks in part to a diverse economy and a central location in the agricultural heart of America, the Kansas City area is blessed with many strong banks. But which are the strongest? We studied the numbers for every bank with a presence in the Kansas City area to find out. In the past, we lumped all the banks together to rank them, but noticed that smaller banks with fewer loans had an unfair advantage over larger banks. So this time we've divided the banks into three categories: less than $250…
  • Local M&A activity founders in second quarter

    James Dornbrook
    28 Jul 2014 | 12:52 pm
    Merger-and-acquisition activity in the Kansas City area registered the lowest quarterly total since the first quarter of 2009. Only 26 publicly disclosed deals were closed in the second quarter, according to data collected by Country Club Capital Advisors. For the first half of the year there were 59 publicly disclosed deals, five fewer than last year. John Hense, managing director of CC Capital Advisors, said he was a bit surprised to see the dearth of M&A activity in the first half of the year…
  • Congress passes bill to make phone 'unlocking' legal (again)

    Bobby Burch
    28 Jul 2014 | 12:14 pm
    More than a year and four months after its introduction into Congress, federal lawmakers passed a bill allowing individuals to "unlock" a cell phone to be used on another service provider. The U.S. House of Representatives on Friday unanimously passed the "Unlocking Consumer Choice and Wireless Competition Act." If signed into law by President Barack Obama, the bill would ensure that consumers can more fluidly change providers using their existing phones. Previously, carriers have restricted —…
 
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    Los Angeles Business News - Local Los Angeles News | Los Angeles Business from bizjournals

  • Porter Ranchers worried about oil drilling expansion

    Scott Bridges
    28 Jul 2014 | 12:34 pm
    Porter Ranch’s Aliso Canyon Oil Field is at the center of controversy today, as residents of the northern Los Angeles community have become wary of a proposal to expand a drilling operation. The Los Angeles Daily News reports that Long Beach-based The Termo Company is proposing to build a dozen new oil wells on the land. The company already has 18 wells at the site, where other oil and gas companies also have operations. The Aliso Canyon Oilfield is situated within the Santa Susana Mountains…
  • The volume of Metro fare cheats might amaze you

    Scott Bridges
    28 Jul 2014 | 12:29 pm
    The Metropolitan Transportation Authority today is considering methods of cracking down on freeloaders. Transit officials say the county’s light-rail and subway system experienced a 5 percent increase in ridership, up to 115 million passengers last year. However, a Los Angeles Times analysis of agency data collected at rail stations concluded that Metro was only able to document some 70 million legal rides last year. And determining how many of those rides were paid and how many weren’t is…
  • Dodgers are out at home for most L.A. TV viewers but Congressmembers ask for review

    Scott Bridges
    28 Jul 2014 | 12:23 pm
    It is nearly two-thirds of the way through the baseball season and nearly three out of four local fans are still not able to watch their beloved first-place Los Angeles Dodgers except in nationally televised games. Eight local Congressional representatives are trying to change that. The Congressional reps signed a letter authored by U.S. Rep. Tony Cárdenas (D-San Fernando Valley) that asks the Federal Communications Commission to step in and mediate the continuing dispute over the Dodgers’ television…
  • Pogoseat bounces with $2.3 million in seed funding

    Annlee Ellingson
    28 Jul 2014 | 11:40 am
    It’s no fun languishing in the cheap seats at a baseball game while better seats below you go unused. Well, Pogoseat has an app for that, and the Santa Monica startup has raised $2.3 million to bring it to a stadium near you, reported TechCrunch. The mobile technology enables users to upgrade their seats on game day or even after play has started, plus purchase in-game experiences on the fly like meeting the team mascot or sharing a written message on the stadium screen. The app helps venues to…
  • Weekend box office: ‘Lucy’ flexes girl power with $44 million

    Annlee Ellingson
    28 Jul 2014 | 9:57 am
    Some day—hopefully some day soon—we can stop perpetuating the myth that women can’t open movies. “Divergent,” “Maleficent,” “The Fault in Our Stars” and now “Lucy” all opened at number one this year with ladies in the lead, and Scarlett Johansson’s butt-kicking protagonist wrestled The Rock to the mat this weekend with an estimated $44.0 million, per Box Office Mojo. With an original premise and some smart late-in-the-game rescheduling, “Lucy” outpaced expectations at…
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    Louisville Business News - Local Louisville News | Business First of Louisville

  • Ironman Louisville triathlon will move to October starting with 2015 event

    Cary Stemle
    28 Jul 2014 | 2:49 pm
    If the August heat was the only thing keeping you from competing in the Ironman Louisville triathlon, well, you can cross that excuse off your list. Beginning with the 2015 event, the triathlon will move from August to October. “The date shift of Ironman Louisville will provide athletes with more comfortable air and water temperatures — improving race conditions and the overall athlete experience," Ironman CEO Andrew Messick said in a news release. "We look forward to continuing to work with…
  • Three Kentucky universities sending research to space

    David A. Mann
    28 Jul 2014 | 2:28 pm
    Scientists and engineers from three Kentucky schools are sending a project to space. According to a news release, the University of Louisville, University of Kentucky and Western Kentucky University are using a NASA grant to fund research aboard the International Space Station. The project involves physics experiments on colloids, which are mixtures of microscopic particles suspended throughout a substance. Examples of colloids include milk, which has microglobules of butterfat suspended in whey,…
  • IdeaFestival announces full lineup

    Cary Stemle
    28 Jul 2014 | 2:06 pm
    Louisville's IdeaFestival 2014 has released its full program of events and speakers. The event, which organizers describe as a celebration for creative thinkers and the intellectually curious, will be held Sept. 30 through Oct. 3 at The Kentucky Center for the Performing Arts. More than 20 speakers and performers are set to appear at the four-day event. Topics include exploring creativity with jazz trumpeter Wynton Marsalis, dealing with global geo-economic trends, searching for life in the universe,…
  • A lane on Interstate 65 will remain closed until tomorrow

    Braden Lammers
    28 Jul 2014 | 1:10 pm
    A northbound lane on Interstate 65 in Indiana, between Exit 0 and Tenth Street in Jeffersonville, will remain closed for the Monday evening commute and is expected to remain closed through the Tuesday morning commute. Earlier in the day Monday, Ohio River Bridges Project officials sent out a news release saying that the right lane of I-65 had closed for pavement repairs, and they expected the lane to be open Monday afternoon. However, repairs have taken longer than originally expected, and the…
  • What are your best practices on Twitter?

    Rachel Aretakis
    28 Jul 2014 | 11:59 am
    Guides to Twitter and best practices to follow are abundant on the Internet. So last Friday, a colleague and I tried to de-clutter all of that information for our fellow Business Firsters in a quick lunch-and-learn session about Twitter. We went over the basics — how to engage your audience and what not to do when tweeting — as well as ways to track the impact of tweets via Twitter Analytics. As the social engagement coordinator, I'm always looking for ways to improve our social media and…
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    Memphis Business News - Local Memphis News | Memphis Business Journal

  • National rental homes owner buys big in Memphis

    Rob Robertson
    28 Jul 2014 | 12:41 pm
    A California-based real estate investment trust has just made a large purchase in Memphis. Reven Housing REIT Inc. says has acquired 61 single-family homes in Memphis with one home just across the border in Mississippi for $4,762,800 in cash. The purchased properties average 1,784 square feet and are mostly three-bedroom, two-bathroom houses. The bulk of the properties are currently one-year rentals, with a handful of month-to-month and multi-year leases included. “We are very pleased with…
  • Behind the stage at the Botanic Garden

    Madeline Faber
    28 Jul 2014 | 12:34 pm
    The Memphis Botanic Garden’s annual Live at the Garden summer concert series is in full swing even though a few finishes touches around the new permanent stage remain to be completed. The Jim Duncan Stage will provide a better concert experience for patrons and the performers and also give the Botanic Garden a venue to host a variety of events year round. The grand opening and dedication was delayed, but Memphis Business Journal is giving our readers a look at some the amenities of this $5.6…
  • FDA approves new Medtronic device

    Michael Sheffield
    28 Jul 2014 | 11:30 am
    Medtronic Inc. has received approval from the U.S. Food and Drug Administration to market the Prestige LP Cervical Disc System. The device, which is used for the treatment of single-level cervical disc disease, has been available outside the U.S. market since 2004. The Prestige Cervical Disc is a more flexible and adaptable version of the previous Prestige system that used bone screws to attach to vertebrae. The Cervical Disc allows a range of motions, including bending and rotation. “Our goal…
  • FedEx could face new drug-trafficking charges

    Ryan Poe
    28 Jul 2014 | 11:17 am
    FedEx Corp. faces new or modified charges in a drug-trafficking case that could already carry fines of more than $1.6 billion. In a joint status conference statement filed July 25 in U.S. District Court in Northern California, federal prosecutors said they intend to present a "superseding indictment" by Aug. 28 that would modify or add to the original indictment filed July 17. Memphis-based FedEx (NYSE: FDX) was initially charged on 15 counts of shipping or conspiracy to ship drugs for rogue online…
  • Good weather is bad: Cotton prices tumble as U.S. producers expect bumper crop

    Rob Robertson
    28 Jul 2014 | 11:11 am
    U.S. cotton producers, it would seem, just can’t stand prosperity. I just read through the economic outlook in the most recent newsletter from the Memphis-based Cotton Board in which Jon Devine, a senior economist with Cotton Inc., does a good job of explaining the current outlook for cotton prices going forward. It's not so pretty. Cotton prices are currently tanking, with December futures trading at something close to five-year lows. The short explanation for this is just Economics 101: investors…
 
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    Milwaukee Business News - Local Milwaukee News | The Business Journal of Milwaukee

  • Former Venice Club sells to Irgens

    Alison Bauter
    28 Jul 2014 | 2:08 pm
    A Milwaukee development group has purchased the recently shuttered Venice Club's Brookfield digs, according to state records. Irgens finalized the deal a few weeks back, according to Casper Balistreri, who ran the Italian staple at 1905 N. Calhoun Road for more than two decades. "They (Irgens) don’t know what they’re going to do with the property," Balistreri said. "At this point they’re undecided." An Irgens spokesman did not immediately respond to calls for comment Monday. State records…
  • Milwaukee Bucks owners keep Steinmiller, fill key exec posts for arena push

    Rich Kirchen
    28 Jul 2014 | 1:33 pm
    The Milwaukee Bucks new owners announced that longtime Bucks executive John Steinmiller has been given a new assignment in leading the organization’s community outreach efforts and former HNTB Corp. vice president Bob Cook has been hired as vice president of business affairs. In addition, the Bucks appointed Patrick McDonough as chief financial officer, replacing longtime Bucks executive Mike Burr. McDonough spent the past 13 years in the sports division of The Madison Square Garden Company in…
  • Assurant Health to pay $30.8M in Obamacare rebates — most in nation

    Rich Kirchen
    28 Jul 2014 | 12:52 pm
    Companies owned by Milwaukee-based Assurant Health will pay consumers $30.8 million in rebates nationwide — more than any other health insurer — for violating an Obamacare rule that requires health insurers to spend the vast majority of premiums on medical care or activities to improve health care quality. The next-closest total rebate amount paid by a health insurer for 2013 was UnitedHealthcare’s Golden Rule Insurance, which owes customers $27.5 million in rebates. A spokeswoman for Assurant…
  • Brookfield nutritionist's mindful eating app encourages 'self-compassion'

    Alison Bauter
    28 Jul 2014 | 12:43 pm
    Nutritionist Kim Flannery's passion is helping clients manage their weight, but the weight-loss applications available didn't offer the personal touch Flannery knows it takes to stick with a diet. Not finding what she wanted on the market, Flannery decided to create her own mobile app. Hers is a lifestyle/attitude-centered application dedicated to developing long-term habits that people can stick to. In losing weight, the worst enemy is often people being too hard on themselves, Flannery said. She…
  • Tim Sullivan's tech startup turns its sights on Milwaukee

    Alison Bauter
    28 Jul 2014 | 12:20 pm
    Former Bucyrus International Inc. and Gardner Denver Inc. CEO Tim Sullivan's new tech startup is looking to make its mark on Milwaukee's manufacturing community. The Milwaukee company, GenAlpha, is backed by Sullivan and headed by a team of former Bucyrus employees. It's designed to target manufacturers' aftermarket needs, cataloging products and parts in a searchable and structured database accessible by mobile app. "Probably one of the hardest things to manage is the aftermarket needs," Sullivan…
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    Minneapolis Business News - Local Minneapolis News | The Minneapolis / St Paul Business Journal

  • Downtown Minneapolis' historic Rand Tower fetches $16.2 million

    Sam Black
    28 Jul 2014 | 1:39 pm
    The Rand Tower, a class B office building in downtown Minneapolis, sold for $16.2 million. The sale of the 143,000-square-foot tower closed July 25, according to a certificate of real estate value filed with Hennepin County. The buyer was Felton Properties Inc., a Portland, Ore.-based real estate investment firm, as the Business Journal first reported July 10. The 26-story Rand is Felton's first Minnesota property, but likely not its last, CEO Matt Felton told the Business Journal. The Rand…
  • Jordan brewer bounces back from landslide with new building, bigger system

    Clare Kennedy
    28 Jul 2014 | 12:46 pm
    Fortune has smiled on a budding beer company that was nearly ruined by a landslide in June. Roets Jordan Brewery Co. is negotiating a deal with the City of Jordan for a new space that will double the company's capacity. "We're 99 percent that this will happen and work for us," said Tim Roets, the president and braumeister of the company. Roets had just begun to move into Jordan's historic brewery building when disaster struck on June 19. That day, the hill behind the brewery collapsed, sending…
  • Robins Kaplan lawyers, spouses injured in car wreck

    Jim Hammerand
    28 Jul 2014 | 12:43 pm
    Three partners at Minneapolis-based law firm Robins, Kaplan, Miller & Ciresi were hurt in a weekend car crash while driving to the annual partners meeting at Gull Lake, attorney Mike Ciresi told the Star Tribune. Lawyers Thomas Kayser, John Eisberg and Jan Conlin were injured. Conlin's husband, Eugene Goetz, was also hurt. Kayser and his wife, Marlene, remain hospitalized. All in the vehicle suffered broken bones. Authorities said a 33-year-old woman swerved to avoid a vehicle and crashed into…
  • Polaris adds Roadmaster and two-color paint jobs to Indian motorcycle lineup before Sturgis (Photos)

    Jim Hammerand
    28 Jul 2014 | 12:18 pm
    Polaris Industries Inc. is adding a new motorcycle to its Indian lineup. The Indian Roadmaster was originally made from 1947 to 1953. The 2015 version of the touring bike starts at $26,999 and comes with the 1,811-cc Thunder Stroke 111 engine and six-speed overdrive transmission. View a photo gallery of the 2015 lineup here. Other standard features include remote locking storage, LED lights, keyless ignition, leather seats, anti-lock brakes, tire pressure monitoring, chrome highway bars (and many…
  • Dunkin' Donuts names seven Duluth locations

    Clare Kennedy
    28 Jul 2014 | 11:04 am
    Dunkin' Donuts is staking a claim on Duluth and seems poised to take another run at the Twin Cities. The Canton, Mass. company announced Monday that it signed a franchise agreement with Brian and Sharon Weidendorf, who plan to develop seven restaurants in Duluth. Duluth's first Dunkin' Donuts should open next spring. The chain had no presence in Minnesota until June 30, when it opened the first of five new locations in Rochester. This is not the first time Dunkin' Donuts has attempted an expansion…
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    Nashville Business News - Local Nashville News | The Nashville Business Journal

  • Nashville economy advancing at a 'rapid pace,' PNC report says

    Scott Harrison
    28 Jul 2014 | 12:49 pm
    A recent report from PNC Bank says the Nashville “economy is advancing at a rapid pace.” PNC also writes that “a diverse industrial structure, strong population growth, low business costs and high educational attainment elevate Nashville’s growth potential above the U.S.’s.” In its report, PNC tracked several economic metrics, from population growth, housing prices, and employment numbers. Here’s a quick breakdown of their assessment of Nashville. Nashville’s rate of job growth…
  • Why Under Armour is expanding to the Southeast

    Sarah Meehan
    28 Jul 2014 | 12:34 pm
    Under Armour Inc. follows its customers when it looks to set up its next shop. The Baltimore sportswear maker is preparing to choose one of three cities in the Southeast for its next distribution center. Under Armour's chief financial officer, Brad Dickerson, said the company chose that region because that's where its wholesale and individual customers are. The company worked with a third-party firm to determine where it would make the most sense to open another distribution center. “It’s…
  • AT&T's GigaPower: Hot or not?

    Eleanor Kennedy
    28 Jul 2014 | 12:32 pm
    AT&T's announcement this morning that Nashville will receive its GigaPower network, with Internet speeds up to 100 times faster than the nation's average, seems to validate one of the oft-touted indirect benefits of Califonia tech giant Google's gigabit network Google Fiber: its potential to drive improved service and competition from legacy providers. As Nashville Entrepreneur Center CEO Michael Burcham told me in April following AT&T's initial announcement of its 100 candidate cities and municipalities:"Competition…
  • Bon Appetit bringing its Grub Crawl food festival to Nashville

    E.J. Boyer
    28 Jul 2014 | 11:57 am
    In another sign of Nashville's growing food buzz, food and culture magazine Bon Appetit is bringing its Grub Crawl food festival to Music City this October. Bon Appetit, which launched Grub Crawl last year, describes the event as "a moveable fest that brings food lovers together for an exclusive peek behind the line of some of the most celebrated kitchens in the industry." The festival, which stops in different cities for one day, is like a pub crawl, but at restaurants, and also focuses on local…
  • Developer completes purchase of RCA Studio A

    E.J. Boyer
    28 Jul 2014 | 10:43 am
    The building that started the push to "Save Music Row" has been sold. Brentwood-based developer Bravo Development LLC has bought the building that houses RCA Studio A, located at 30 Music Square West. Mike Kopp, newly-appointed president of the Music Industry Coalition and Ben Folds' manager, confirmed the news. Ben Folds rents the Studio A space. Kopp said tenants were notified today that the sale went through to Tim Reynolds, owner of Bravo Development, but had no other information on the fate…
 
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    Orlando Business News - Local Orlando News | The Orlando Business Journal

  • Breaking: Darden’s Clarence Otis resigns as chairman and CEO, new independent chairman named

    Anjali Fluker
    28 Jul 2014 | 1:50 pm
    Darden Restaurants Inc.'s top executive will no longer be with the company. Clarence Otis Jr. announced on July 28 that he is stepping down as the Orlando-based restaurant company’s chairman and CEO — something activist investors had been calling for for several months. Additionally, the company said it is separating its roles of chairman and CEO, and appointed Charles Ledsinger Jr. as independent board chairman, effective immediately. Darden (NYSE: DRI) said Otis will remain in his role as…
  • Florida exports up 10.4% in May

    Cindy Barth
    28 Jul 2014 | 1:05 pm
    The latest international trade numbers show that $5.22 billion worth of goods left Florida for international markets in May, an increase of 10.4 percent from April, according to Durham, N.H.-based e-forecasting.com. The May data is the most recent available. Exports of manufactured goods contributed significantly to the state’s international trade, accounting for 76 percent of all state exports in May. Exports from state manufacturers increased in May by 16.8 percent from the previous month to…
  • 3 ways to better reach the growing Hispanic market

    Hernan Tagliani
    28 Jul 2014 | 12:45 pm
    Many decision makers struggling to increase sales and stay ahead of their competition don’t understand how impactful the Hispanic market could be for their businesses. Some executives feel that since they haven’t done any outreach in the past and they have low market penetration, it’s not necessary to invest in this target audience. However, Hispanics are emerging as a powerhouse of economic influence. The success of any business will depend on how open-minded executives are in reacting…
  • 3 big deals pass in Orlando: Predators at Amway, Bob Carr's future, MLS

    Abraham Aboraya
    28 Jul 2014 | 12:37 pm
    The city of Orlando approved three big deals July 28, including one to bring the Orlando Predators back to the Amway Center and another to bring new management to the Bob Carr Performing Arts Center. “A lot of interesting business before the council today,” Orlando Mayor Buddy Dyer said. The city of Orlando approved: A contract to allow David Siegel’s Orlando Predators to come back to the Amway Center. The Predators will pay $20,000 to use the Amway for home games on a weekend day and $16,000…
  • Meritage Homes developing new Winter Garden community

    Cindy Barth
    28 Jul 2014 | 12:20 pm
    Meritage Homes soon will get underway on its newest community — Twinwaters — located off Marsh Road and Johns Lake in Winter Garden. Home sites will range from 2,700 square feet to 5,400 square feet, with homes priced from the low-$300s. Meritage Homes Division Vice President Brian Kittle said the community will include 140 home sites. Construction of two models is expected to get underway before the end of the year.
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    Philadelphia Business News - Local Philadelphia News | The Philadelphia Business Journal

  • Ambulance company owner in fraud case gets eight years in prison

    John George
    28 Jul 2014 | 1:35 pm
    Another Philadelphia-area ambulance company owner was sentenced to prison Monday under the federal government's ongoing crackdown on Medicare fraud. Anna Mudrova, 41, of Huntingdon Valley, Pa., was sentenced today to eight years in prison, and ordered to pay more than $1.5 million in restitution for her role in a health-care fraud scheme. She owned Penn Choice Ambulance Inc., which had operations in Huntingdon Valley, Pa. and Camp Hill, Pa. Mudrova pleaded guilty in February to conspiracy to commit…
  • Aetna reaches 5-year deal with Geisinger Health System

    John George
    28 Jul 2014 | 1:15 pm
    Aetna and Geisinger Health System signed a five-year contract that provides Aetna members with in-network access to all Geisinger facilities in Pennsylvania. The contract is the first direct, system-wide agreement between Aetna and Geisinger. Terms of the deal were not disclosed. Aetna (NYSE: AET), based in Hartford, Conn. is the second-largest commercial insurer in the Philadelphia region. Geisinger is a Danville, Pa., health system that operates six hospitals in the north and central parts of…
  • Millennials are very conservative investors – and why that's a problem

    Lonny Strum
    28 Jul 2014 | 11:29 am
    The 70 million Millennials (those ages 18-34) have lived through the stock market crash in 2008/2009 and have seen the angst of their parents just a few short years ago. They have lived through the precarious state of our economy and to some extent feel it even today as they seek employment. Many Millennials with college loans carry a heavy financial burden ($27,000+ on average) and many still live with ma and pa in their 20s and 30s. It’s no surprise if they are frugal. Many need to be. Yet Millennials…
  • Comcast letting X1 users test new features before they launch

    Lauren Hertzler
    28 Jul 2014 | 10:27 am
    Comcast is taking advantage of its cloud-based technology by letting customers test new products before they officially launch. For the past week, Comcast has been allowing X1 users to try out four new features, including: Next Episode Suggestions: When a user finishes watching a TV show, an option to view the next episode pops up, whether it’s via Xfinity On Demand, DVR or purchase. Shuffle Play: This feature automatically plays a set of episodes from a kids TV series or music videos from…
  • No tipping Fishtown restaurant gets zoning board approval

    Francis Hilario
    28 Jul 2014 | 10:02 am
    Cristian Mora and Chef Brian Oliveira, the duo behind the no tipping restaurant Girard Brasserie & Bruncherie, have just cleared two major hurdles for opening the Fishtown restaurant. (Check out the renderings). Mora and Oliveira received the Fishtown Neighborhood Association’s recommendation to gain a variance to operate Girard (300 E. Girard Ave.), and were unanimously approved by the zoning board to move ahead with their plans in the unfinished site of Girard Avenue and Marlborough Street. “I…
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    Phoenix Business News - Local Phoenix News | The Business Journal of Phoenix

  • APS aims to enter rooftop solar business

    Patrick O'Grady
    28 Jul 2014 | 5:00 pm
    Arizona Public Service Co. is looking to enter the rooftop residential solar market with a plan to install and operate panels on as many as 3,000 Phoenix-area homes. It's a departure for the Arizona's largest utility, which until this point has only built large utility-scale projects. But APS plans to spend between $57 million and $70 million of ratepayers' money on a plan that would be spread throughout its service territory. "This would not be the first time we've done a residential program,"…
  • Hunt Construction, Penta picked by Tohono O’odham Nation to build $500M Glendale casino

    Mike Sunnucks
    28 Jul 2014 | 4:00 pm
    The Tohono O’odham Nation has picked Hunt Construction Group and Penta Building Group to build its $500 million casino in the West Valley near University of Phoenix Stadium. The proposed casino and hotel development is moving closer to reality with approval from U.S. Department of Interior for land at 99th and Northern avenues to be taken into trust by the southern Arizona tribe. It will take about 18 months for the casino portion of the development to be completed after construction starts,…
  • Texas group cooking up GRILLiT concept for Arizona, western states

    Tim Gallen
    28 Jul 2014 | 2:23 pm
    Arizona’s crowded fast-casual restaurant scene will become even more so when a new concept out of Miami makes its way out West. A restaurant group out of Texas has purchased master franchise rights to Arizona and several other states for Miami-based GRILLiT, which offers food infused with a Latin-Caribbean flavor. The San Antonio Business Journal reports a franchise group called Texas Expansion Wing Group LLC is bringing the grill concept to western states such as Arizona, Texas, California and…
  • Phoenix Sky Harbor named best airport for small businesses

    Emily Overholt
    28 Jul 2014 | 1:18 pm
    Phoenix Sky Harbor International Airport earned the top spot for airports in the U.S. for new small businesses, according to a report by the U.S. Department of Transportation’s Office of the Inspector General. Phoenix made its way to the top of the pack by adding 14 new small businesses in the 2012 fiscal year, as well as re-bidding on a large concession lease. This beat out Atlanta, with 10 new businesses, and Miami, with seven. This comes after a flurry of new, local eateries continue to opening…
  • Lawsuit challenging Arizona veterinary board moves forward

    Mike Sunnucks
    28 Jul 2014 | 11:15 am
    A Maricopa County judge has denied the state's bid to derail a lawsuit brought by animal massage therapists. Three animal massage therapists are suing the Arizona State Veterinary Medical Examining Board over whether those in their profession should be be governed by the same state regulations as veterinarians. Animal massage therapists provide therapeutic services to horses, dogs and other domestic animals. The veterinary board contends they need to be licensed and regulated similar to veterinarians.…
 
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    Pittsburgh Business News - Local Pittsburgh News | The Pittsburgh Business Times

  • Bankrupt solar manufacturer wins $27M judgment

    Sam Kusic
    28 Jul 2014 | 2:47 pm
    A federal bankruptcy court has imposed a $27 million judgment against a Chinese company, siding with attorneys who argued that a broken deal over an industrial glass oven ultimately led to millions in losses for creditors. As Judge Carlota M. Bohm sees it, Zhejiang Daming Glass Co. Ltd. owes $22 million in consequential damages and $5 million in punitive damages over the deal with bankrupt Flabeg US Solar Corp. in Findlay. Flabeg attorneys had asked for an overall award of $55 million. They argued…
  • After the Amazon deal, a void

    Tim Schooley
    28 Jul 2014 | 2:27 pm
    Amazon’s announcement last week it was establishing a new distribution center in Pittsburgh brings the region’s industrial market to a new inflection point. Where in the recent past close observers of the region’s market for industrial and distribution space would always say there’s only a handful of quality options for major industrial users, now the conversation is whether there’s any availability at all. "We’re at a crossroads in so far as we don’t have an inventory of Class A…
  • New nonprofit furniture store sets up in Uptown

    Tim Schooley
    28 Jul 2014 | 1:55 pm
    A new nonprofit furniture store has moved into the former home of a 110-year-old plumbing supply business in Uptown. Pennsylvania Furniture Warehouse, a nonprofit retailer that sells discontinued and “scratch-and-dent” merchandise at discount prices, has leased 21,000 square feet in Spring Way Center on Fifth Avenue, a portion of the former home of Meyers Plumbing, which closed down at the end of 2012. The business moved from a location near Frankstown Avenue for the new location in Uptown…
  • Pittsburgh Regional Health Initiative gets Medicare contract valued up to $5M

    Kris B. Mamula
    28 Jul 2014 | 1:41 pm
    Pittsburgh Regional Health Initiative will take its patient safety message on the road in Pennsylvania and four other states as part of a five-year Medicare contract that is valued up to $5 million. Starting Aug. 1, downtown Pittsburgh-based Pittsburgh Regional Health Initiative will make its diabetes management initiatives, electronic health system expertise, and hospital-acquired infection reduction practices to hospitals, doctors and other providers in Pennsylvania West Virginia, Delaware, New…
  • Hearings set next month for Lyft, Uber to consider permanent licensing

    Justine Coyne
    28 Jul 2014 | 1:33 pm
    Hearings have been set to consider Lyft Inc. and Uber Technologies Inc.'s applications for permanent licensure in Pennsylvania. Lyft's evidentiary hearing is set for Aug. 7-8, with Uber's hearing to follow Aug. 18-19. The hearings will be held at the PUC's offices in Pittsburgh. The companies were granted emergency approval July 24 by the Pennsylvania Public Utility Commission to operate as the ride-share startups work on securing Certificates of Public Convenience to operate in the state. Receipt…
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    Portland Business News - Local Portland News | The Portland Business Journal

  • Keen adds 'serious thunder' to its creative team

    Matthew Kish
    28 Jul 2014 | 4:46 pm
    Footwear company Keen Inc. on Monday said it had hired Michael Minter as its first internal vice president of creative. His hiring follows the June 1 start of new president Steve Meineke. Keen said the hire is meant to add some "serious thunder" to its creative team. The hiring coincides with the launch of a new innovation lab in Portland. The first product from the new lab, the Uneek sandal, was unveiled in June. Minter has worked in various roles in the outdoor, action sports, surf and footwear…
  • 5 fun facts from Nike's proxy statement

    Matthew Kish
    28 Jul 2014 | 3:58 pm
    Phil Knight no longer makes his private jet available to other Nike executives for no charge. That's one of several interesting tidbits in the annual proxy statement Nike filed Friday with the Securities and Exchange Commission. Such annual declarations of executive compensation and insider transactions brim with esoteric language about topics like the Black-Scholes option pricing model. But there are always a few nuggets worth reporting. Here are five from Nike's proxy: Knight previously made…
  • After a big year, another round of big paychecks for Nike executives

    Matthew Kish
    28 Jul 2014 | 3:13 pm
    Nike's robust fiscal year, which included a nearly 10 percent increase in revenue and a 24 percent jump in stock price, resulted in another round of big paychecks for the company's top executives. Here's the value of the 2014 compensation awarded to the company's top five executives, according to an annual proxy statement filed Friday: CEO Mark Parker: $14.7 million Chief Financial Officer Don Blair: $4.1 million Nike Brand President Trevor Edwards: $4.6 million Chief Operating Officer Eric Sprunk:…
  • Getting a charge out of work: Oregon employers to provide stations for plug-in vehicles

    Wendy Culverwell
    28 Jul 2014 | 2:33 pm
    Portland already has more electric vehicle charging stations per capita than any other city and it apparently aims to hold onto its lead. Fifteen Oregon employers signed onto the U.S. Department of Energy’s Workplace Charging Challenge last week during Drive Oregon’s seventh annual EV Roadmap conference. The workplace challenge aims to boost the number of U.S. employers that provide charging stations to employees who drive plug-in vehicles. Drive Oregon, Intel Corp., Portland General Electric,…
  • Adidas gives basketball another Boost

    Matthew Kish
    28 Jul 2014 | 2:28 pm
    Fresh off signing four of the top six picks in the NBA Draft, Adidas on Monday said it will incorporate its popular Boost cushioning technology in basketball shoes. Adidas first unveiled the well received technology last year in high-end running shoes. Since then it's incorporated Boost in lower-end running shoes as well as a running shoe that it will sell at mall-based retailers. The technology was developing in partnership with chemical giant BASF and is designed to be responsive and provide…
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    Raleigh Business News - Local Raleigh News | The Triangle Business Journal

  • Local falconer brings unique deliveries to weddings

    Dawn Kurry
    28 Jul 2014 | 2:53 pm
    Lillington businessman Chip Gentry is using falconry, a sport dating back hundreds of years that has become a niche industry in the United States, to become a unique wedding vendor. It’s the moment of the big “I do.” When asked for the rings, the groom fumbles with his glove – on purpose. No one expects a red tailed hawk to swoop down and deliver the rings to him from the sky. Hawk Manor Falconry is offering the wedding package for $1,000. The package also includes a reception set-up, in…
  • Roses store with groceries to open in southeast Raleigh

    Amanda Jones Hoyle
    28 Jul 2014 | 2:18 pm
    Art Pope’s Roses discount store chain has emerged as the new owner of the vacated Kroger shopping center in southeast Raleigh with plans to restart retail sales by Thanksgiving. A new Roses discount store will carry the traditional apparel and homegoods that the brand is known for, but the space will also be outfitted to sell also fresh produce, meats and other grocery items, confirms Phil Pope, senior vice president of real estate for Roses’ parent company, Henderson-based Variety Wholesalers. “We…
  • U.S. Open more than doubles Pinehurst hotel revenue

    Dawn Kurry
    28 Jul 2014 | 1:57 pm
    The U.S. Open in Pinehurst last month drew a crowd that more than doubled typical June hotel revenue. The Convention and Visitors Bureau for the Pinehurst, Southern Pines and Aberdeen area reported that Moore County hotels drew in $10.7 million in June. That’s up from the last U.S. Open held in Pinehurst in June 2005, which brought hotels $10.4 million. Typically, area hotels see about $4.5 million in June. The revenue collected by the hotels may include money spent on other amenities offered…
  • Informatica: Cary-based StrikeIron cost $55 million

    Lauren K. Ohnesorge
    28 Jul 2014 | 1:55 pm
    Want to buy a Cary-based data-as-a-service firm? That will be $54.6 million. That’s at least how much California-based Informatica (Nasdaq: INFA) bought Cary-based StrikeIron for in June, according to a recent earnings transcript. StrikeIron, expected to contribute a little more than $1 million of subscription revenue per quarter to Informatica’s figures, develops the kind of data platform pizza restaurants use in recalling your address when you place an online order. An Informatica spokesperson…
  • Cary's five-star Umstead Hotel opens new park for canine guests

    Amanda Jones Hoyle
    28 Jul 2014 | 1:16 pm
    Cary’s five-star Umstead Hotel & Spa has added a new amenity for its guests and their owners: The DogWoods dog park. The new fenced-in, play area for dogs is located on north side of the hotel campus off Harrison Avenue, near the entrance to the hotel’s adjoining conference and meeting center. But this dog park is open only to hotel guests. The Umstead Hotel has always had a policy that allows guests to bring pets onto the hotel property and into its guest rooms, as long as the guest was also…
 
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    Sacramento Business News - Local Sacramento News | The Sacramento Business Journal

  • Survey asks about life, business opportunities in Sacramento

    Allen Young
    28 Jul 2014 | 3:26 pm
    A foodie paradise? Stuffy government town? A community in transition? The city of Sacramento wants to know how you feel about the area, and has released an anonymous survey asking the entire community to weigh in on strengths and weaknesses. The effort is part of an ongoing research campaign to market the city and inform future economic development initiatives that haven’t yet been specified, said Maurice Chaney, a city communications specialist leading the effort. The survey, conducted by Nashville-based…
  • Arden-Arcade business puts ice cream inside doughnuts

    Sonya Sorich
    28 Jul 2014 | 2:25 pm
    Imagine ice cream inside a doughnut. Before you form an opinion, consider this: Nutella is a topping option. You’re likely either confused or salivating, and the owners of The Parlor in Arden-Arcade hope it’s the latter. The business, which had its grand opening Saturday, specializes in ice cream puffs — ice cream sandwiches in which the “bun” is a doughnut. The Parlor is at 2620 Fair Oaks Blvd., near Fins Market & Grill and across the street from Loehmann's Plaza. The setup inside the…
  • California State Fair attendance hit more than 750,000

    Mark Anderson
    28 Jul 2014 | 2:09 pm
    Attendance at the 2014 California State Fair hit more than 750,000 in paid attendance, which is 8 percent higher than last year. For the first time in a decade, fair attendance exceeded 70,000 on four separate days. The highest attendance was the second Tuesday of the fair, which was Wells Fargo Kids Day, and drew 75,957 people. The fair also did well considering that it included five days over 100 degrees. “Setting new attendance records during a summer of adverse weather, drought and fires,…
  • Delta tunnels opposition to submit signatures blasting environmental and funding plan

    Allen Young
    28 Jul 2014 | 1:57 pm
    A day before a group opposing the Delta tunnels project submits thousands of signatures blasting a 40,000 page environmental report, economists and activists hurled a litany of charges at state and local governments, primarily questioning the source of funding. Government officials behind the Bay Delta Conservation Plan are “hiding their financing plan because can’t produce a plan,” said Jeff Michael, director of the Business Forecasting Center at University of the Pacific, in a conference…
  • Domino's targets downtown Sacramento with takeout, delivery

    Mark Anderson
    28 Jul 2014 | 1:42 pm
    Domino's Pizza Inc. is getting ready to open one of its pizza pick-up and delivery locations at 19th and J streets in Sacramento. It is in the strip center in midtown Sacramento that has a Starbucks, Noah’s New York Bagels and Dickey’s Barbecue Pit. Domino's (NYSE: DPZ) also recently opened a store at 3119 Broadway, which is at the corner of Alhambra Boulevard. The two downtown stores likely will cover downtown, midtown, East Sacramento, Oak Park and Curtis Park and Land Park. In an email,…
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    St. Louis Business News - Local St. Louis News | The St. Louis Business Journal

  • Isle of Capri’s former executive chairman, CEO retires from board

    Jacob Kirn
    28 Jul 2014 | 3:09 pm
    James Perry has retired from the board of Isle of Capri Casinos Inc. The move follows the company's elimination earlier this month of his previous post of executive chairman. Perry notified the company July 25 that his retirement was effective immediately and wasn’t because of any disagreement with the company, Isle officials said in a regulatory filing Monday with the Securities and Exchange Commission. Earlier this month, Isle officials had said they had eliminated the executive chairman…
  • Washington man pleads guilty to role in Boeing bribery scheme

    Jacob Kirn
    28 Jul 2014 | 2:30 pm
    The owner of a manufacturing firm has pleaded guilty to mail and wire fraud in connection with a bribery scheme involving Boeing aircraft parts. Jeffrey Lavelle, 52, of Mukilteo, Washington, owner and operator of J.L. Manufacturing, pleaded guilty to one count of mail fraud and two counts of wire fraud. Lavelle will be sentenced Oct. 27. Deon Anderson, 47, a procurement officer for Boeing in St. Louis, beginning in May 2011 and continuing through April 2013, provided J.L. Manufacturing non-public…
  • Home health care provider sentenced to prison for bank fraud

    Diana Barr
    28 Jul 2014 | 12:57 pm
    Tina Kuehl, 45, of Ballwin has been sentenced to 51 months in prison on multiple health care fraud charges for submitting claims to Medicare for services that were never rendered and separate unrelated bank fraud charges. Kuehl also was ordered to pay $200,000 restitution, as was her home health care company, Better Way Home Care of Ellisville, which was sentenced to three years of probation. Kuehl was the owner, president and administrator of Better Way. Kuehl had pleaded guilty in May to one…
  • After Icahn’s push, Family Dollar sells

    Jacob Kirn
    28 Jul 2014 | 12:55 pm
    Dollar Tree will acquire 10 St. Louis-area Family Dollar Stores when it closes on its $8.5 billion purchase of the chain. Activist investor Carl Icahn, who recently resigned as chairman of St. Louis-based American Railcar Industries, had been pushing for Family Dollar (NYSE: FDO) to sell itself. (He owns a 9.39 percent stake in the company.) Dollar Tree (Nasdaq: DLTR) has nearly 50 locations, including Deal$ stores, in the St. Louis metropolitan area. Dollar Tree CEO Bob Sasser told the Associated…
  • Dennis Jones’ new $34 million yacht

    Jacob Kirn
    28 Jul 2014 | 12:24 pm
    Dennis Jones, the multimillionaire St. Louisan whose business, Jones Pharma, was sold for $3.4 billion in 2000, has a new luxury yacht. An upgrade from the 151-foot Delta Jones previously owned with his wife, Judy, the new 164-foot superyacht cost $34 million. Jones told the New York Times that amount is equal to the $34 million he’s donated to charity since King Pharmaceuticals’ buyout of his company. The New York Times piece offers a new perspective on the luxury toys of the “0.1 percent”:…
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    San Antonio Business News - Local San Antonio News | The San Antonio Business Journal

  • VIA's streetcar plan needs voter approval, say City of San Antonio, Bexar County leaders

    W. Scott Bailey
    28 Jul 2014 | 3:50 pm
    VIA Metropolitan Transit has insisted that it does not need voter approval to develop a proposed $280 million downtown streetcar project. However, officials with the City of San Antonio and Bexar County are now asking VIA to develop a new transportation proposal that could be taken to the voters for future consideration. Leaders with both the city and the county are concerned that there is a lack of community-wide support for the streetcar project. They want a broader buy-in on a comprehensive multi-modal…
  • San Antonio opens drop-off point to recycle plastic bags

    James Aldridge
    28 Jul 2014 | 2:37 pm
    The City of San Antonio’s Solid Waste Management Department will unveil a new recycling center called ReCommunity Recycling on August 1. This new recycling facility will allow the city to begin accepting plastic bags as long as they are clean of receipts and paper, are dry, bundled and tied tightly. No trash bags or any dark color bags will be accepted and bags should not contain any recyclables. The facility can accept dry-cleaning bags, grocery bags, newspaper bags, bread bags, produce bags,…
  • KCI’s skin-graft device named innovate health product

    James Aldridge
    28 Jul 2014 | 2:01 pm
    Trade publication Podiatry Today named Kinetic Concepts Inc.’s CelluTome Epidermal Harvesting System one of the magazine’s top 10 new product innovations for 2014. Clinicians with experience in surgical advances, wound care and antifungal products prepared the ranking. Kinetic Concepts’ CelluTome System gives health care professionals the ability to perform autologous epidermal skin grafting in an outpatient setting. Patients involved in studies also reported to doctors that the skin-graft…
  • Craft beer business booming in first half of 2014

    W. Scott Bailey
    28 Jul 2014 | 1:53 pm
    It’s been a good year so far for the craft beer industry. Over the first six months of 2014, small and independent brewers have increased production volume by 18 percent nationally. In fact, according to new mid-year data released by the Brewers Association, approximately 10.6 million barrels of beer were sold by craft brewers during the first half of this year. Over the same period a year ago, craft brewers sold 9 million barrels of beer. “The sustained double-digit growth of the craft category…
  • Tech job cuts spike as industry adjusts

    Mike W. Thomas
    28 Jul 2014 | 1:26 pm
    Technology companies are cutting jobs at a faster pace this year compared to last despite signs that the overall economy is doing well, according to a report by Challenger, Gray & Christmas Inc. The global outplacement consulting firm found that through the first half of 2014, technology employers cut payrolls by 48,402 positions, which translates to 68 percent more jobs that were cut during the first half of 2013. And these figures do not include the recently announced plans by Microsoft to reduce…
 
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    San Francisco Business News - Local San Francisco News | The San Francisco Business Times

  • KaloBios dips as Sanofi Pasteur returns infection-fighting drug

    Ron Leuty
    28 Jul 2014 | 5:58 pm
    Sanofi Pasteur returned the rights to an experimental infection-fighting drug to KaloBios Pharmaceuticals Inc., sending the South San Francisco company's stock to a new 52-week low. KaloBios (NASDAQ: KBIO), which was one of the first life sciences IPOs of 2013, saw its stock fall more than 16 percent in after-hours trading Monday to $1.61 per share. It had closed regular trading down two pennies to $1.93. The stock's previous 52-week low was $1.66. The drug that Sanofi Pasteur is returning —…
  • Trulia-Zillow juggernaut threatens entrenched real estate players

    Patrick Hoge
    28 Jul 2014 | 5:12 pm
    The $3.5 billion purchase of Trulia (NYSE:TRLA) by Zillow (NASDAQ: Z) will create by far the largest online real estate information company and presents a direct threat to the National Association of Realtors, which is closely affiliated with the website Realtor.com, the distant third-place site in terms of web traffic. Many real estate agents worry that the consolidation of the two online market leaders will translate into higher advertising costs. Others predict that a Trulia-Zillow juggernaut…
  • S.F. voters likely to give each other finger as Sean Parker's pro-auto measure drives onto November ballot

    Mark Calvey
    28 Jul 2014 | 2:51 pm
    San Francisco voters will have their say on one of today's hottest debates, whether the automobile provides unprecedented personal freedom or is the root cause of all that's wrong with America. The measure put forward by auto enthusiasts is designed to rein in San Francisco's transit first policy by "restoring transportation balance in San Francisco," as the initiative is titled. The full text is posted on the city's Department of Elections website. Tech giant Sean Parker is providing the financial…
  • Melt taps NASA brainpower to stretch life of catered grilled cheese

    Annie Sciacca
    28 Jul 2014 | 2:27 pm
    San Francisco-based grilled cheese restaurant the Melt claims to have a new solution for an age-old problem: catered food that is soggy, cold or stale. In fact, the fast-casual chain employed NASA engineers to tackle the problem. The result? The Melt’s Smart Box, which is an attempt to keep food — specifically The Melt’s menu of grilled cheeses, soups and salads — fresh upon delivery. The company has been developing the Smart Box since last October. At the time, the chain wanted to expand…
  • Investors snap up Latham Square office building in Oakland's Uptown for creative space

    Blanca Torres
    28 Jul 2014 | 2:27 pm
    The new owners of Latham Square in Oakland plan to revamp the building into creative space. Ridge Capital Investors LLC and Contrarian Capital Management LLC picked up the 114,000-square-foot, 15-story office property at 1611 Telegraph Ave. in Oakland for $12 million or about $105 per square foot via Auction.com. A lender took the property back in 2012 through a foreclosure. The owners want to renovate the 1920s building before the end of the year to cater to tenants seeking creative space —…
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    San Jose Business News - Local San Jose News | The Silicon Valley / San Jose Business Journal

  • BioHealth, Bryman colleges shut doors following bankruptcy

    Shana Lynch
    28 Jul 2014 | 5:41 pm
    BioHealth and Bryman colleges shut their doors after filing for bankruptcy two weeks ago, the Mercury News reported. The health-focused college company led by CEO Sam Shirazi had five campuses in San Jose, San Francisco, Hayward and Los Angeles. It offered certificates in dental assistant, massage therapy, medical assistant and medical administrative assistant programs. Biohealth College Inc., the parent of Bryman College, filed for bankruptcy in the U.S. Bankruptcy Court Northern District of…
  • Self-driving cars, health tech, immigration: Google drops $5M lobbying, tying all-time record

    Lauren Hepler
    28 Jul 2014 | 3:03 pm
    It was a busy spring for Google Inc.'s Washington, D.C. public policy office, which propelled the Mountain View tech company to a record-tying quarter for federal lobbying. All told, Google dropped $5.03 million on lobbying from April through June, according to a disclosure report filed with the U.S. Senate. The company has matched that quarterly cash outlay only once before, when the it spent the same amount during the first quarter of 2012. The new quarterly numbers are still being crunched by…
  • Elon Musk's Gigafactory may be popping up in Nevada — or not

    Eric Van Susteren
    28 Jul 2014 | 2:50 pm
    Each new report about where Elon Musk will place his Gigafactory battery plant sparks a round of speculation about the strategy and future of Tesla Motors Inc. The latest report as to where Tesla will build the $5 billion battery factory? That the little town of Sparks, Nevada, just outside of Reno, may have landed it — or maybe it hasn't. Tesla first announced that it would build the factory in one of four southwestern states, later adding California to the mix. Then it said it may begin work…
  • Virgin America files for an IPO

    Eric Young
    28 Jul 2014 | 2:13 pm
    Virgin America Inc. has won over travelers. Now it wants to win over Wall Street. The Burlingame-based company said Monday it filed with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common stock. The number of shares to be offered and the price range for the IPO have not yet been determined. "The airline gave a placeholder fundraising target of $115 million, a figure used only to determine filing fees," according to the New York Times. The airline…
  • Los Gatos' 'North 40' plan enters new phase as Grosvenor plans for new homes, retail

    Nathan Donato-Weinstein
    28 Jul 2014 | 1:24 pm
    For decades, Los Gatos' "North 40" — the town's largest chunk of undeveloped land — has beckoned developers because of its location on two major highways and proximity to the town's affluent shoppers. Now, after years of debate, a town planning process that would allow redevelopment of the area (which is actually 44 acres) is slowly approaching the finish line. One developer with a lot on the line is Grosvenor Americas, which went into contract with the area's largest landowner, the Yuki family,…
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    Seattle Business News - Local Seattle News | The Puget Sound Business Journal

  • Judge's ruling allows Ballmer purchase of LA Clippers to proceed

    Erin Van Bronkhorst
    28 Jul 2014 | 5:11 pm
    A judge ruled in favor of Shelly Sterling on Monday, rejecting Donald Sterling's arguments in a move that appears to allow Steve Ballmer's purchase of the Los Angeles Clippers to proceed, the Los Angeles Times reported. Judge Michael Levanas of Los Angeles Superior Court gave a tentative oral decision in Shelly Sterling's favor on all three counts in the probate trial, rejecting her husband's arguments and granting an order that allows the sale to be completed, the newspaper said. "Ballmer paid…
  • Developers move forward along Seattle’s waterfront

    Marc Stiles
    28 Jul 2014 | 4:45 pm
    Bertha might be idle under Seattle’s waterfront, but the list of developers moving ahead with multifamily projects near the shore keeps growing. In the last several weeks, plans for two more projects came to light, and news broke that a Seattle developer intends to buy the property and plans for a long-stalled development by CenturyLink Field. With four other previously announced proposals, the developments total around 915 residential units. If they get built, they’ll join some recently completed…
  • Paul Schell: A lifetime of achievement, with a touch of controversy

    Marc Stiles
    28 Jul 2014 | 2:51 pm
    In the 1970s, when former Seattle Mayor Paul Schell was the president of a civic group called Allied Arts, he led the fight to save Pike Place Market from being redeveloped. Mayor Wes Uhlman named Schell the director of the city’s community development department, where Schell successfully pushed for the creation of an office of urban conservation. The idea was to look for ways to accommodate development while preserving places like Pioneer Square. Schell went on to become mayor of Seattle from…
  • A rare sale in Kitsap County as shopping center trades hands

    Marc Stiles
    28 Jul 2014 | 2:44 pm
    There's something about shopping centers with Safeway grocery stores that appeals to a San Diego real estate investment company called Garrity Group. The privately held company on Thursday paid $20.8 million for the Bethel Junction shopping center at 3331 Bethel Road S.E., Port Orchard, according to Capital Pacific, the real estate company that brokered the sale. It was the first time in more than 10 years that a large Kitsap County shopping center anchored by a grocery store has sold, according…
  • As U.S. military orders dwindle, Boeing ups exports of Puget Sound-built aircraft

    Steve Wilhelm
    28 Jul 2014 | 2:43 pm
    In the last month, two out of three military aircraft deliveries Boeing announced were sent outside of the United States. This reflects Boeing’s greater dependence on military exports as the company tries to keep balance between the commercial and defense sides of the business, as U.S. defense budgets continue to tighten. This matters for the Puget Sound region because out of those three deliveries, two were Seattle-based: The delivery of the first of four upgraded radar aircraft to the French…
 
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    South Florida Business News - Local South Florida News | The South Florida Business Journal

  • Ampel joins South Florida Business Journal

    28 Jul 2014 | 12:00 pm
    University of Missouri graduate Celia Ampel has joined the South Florida Business Journal as the venture reporter, covering technology, startups, venture capital and angel investment. “It’s a great time to be covering the South Florida tech scene as it’s continuing to develop,” Ampel said. She grew up in Tucson, Ariz., and previously served as an intern for the Miami Herald and the Star Tribune in Minneapolis. “Celia is a talented journalist who will add significantly to our mission…
  • MIA among top airports for new small businesses

    Emon Reiser
    28 Jul 2014 | 11:47 am
    Miami International Airport is the No. 3 airport in the U.S. for new small businesses, ranking among airports in Phoenix, Atlanta, Milwaukee and New Orleans. According to the report by the U.S. Department of Transportation's Office of the Inspector General, Miami found its place on the list by adding seven new disadvantaged business enterprises and small concession businesses, while simultaneously handling a major construction project in the 2012 fiscal year. Airports in Phoenix and Atlanta outranked…
  • Hiring among Miami small businesses rises, but pay falls

    Emon Reiser
    28 Jul 2014 | 11:43 am
    Miami's small businesses aren't yet following a nationwide trend of rising pay, according to a report from SurePayroll, an online payroll service. Year-over-year changes show that small businesses in Miami have had a 6.4 percent increase in hiring, but a 5 percent decrease in pay per check. The results also showed that Miami has had no change in pay per check and a 0.3 percent decrease in its hiring index. SurePayroll reported the first nationwide rise in pay per check in 2014, with a 0.2 percent…
  • Apollo Bank secures approval to buy First Bank

    Brian Bandell
    28 Jul 2014 | 11:43 am
    Apollo Bank received final regulator approval to acquire First Bank of Miami and the deal should close within a few weeks. Miami-based Apollo Bank should have more than $500 million in assets once the purchase is complete. That would raise its permissible lending limit to $12 million per client and make it among the 25 largest South Florida-based banks. As of June 30, Apollo Bank had $296.4 million in assets while Coral Gables-based First Bank had $192.8 million in assets. “The timing was right…
  • South Florida construction activity sees double-digit growth in first half of 2014

    Brian Bandell
    28 Jul 2014 | 11:00 am
    McGraw Hill Financial found that contract awards for construction projects in South Florida grew 10 percent in the first half of 2014. There were $3.49 billion in contracts awarded in the tri-county area, up from $3.18 billion a year ago. That included $2.29 billion in residential contracts, an increase of 23 percent. However, commercial and infrastructure construction contracts fell 9 percent, to $1.2 billion. RELATED CONTENT: Wells Fargo makes $27M construction loan to pave way for Trader Joe’s The…
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    Tampa Business News - Local Tampa News | The Tampa Bay Business Journal

  • Exclusive: Fifth Third Center in downtown Tampa sold

    Ashley Gurbal Kritzer
    28 Jul 2014 | 3:19 pm
    The Fifth Third Center in downtown Tampa has been sold. The sale of the 19-story 281,187-square-foot office building at 201 E. Kennedy Blvd. closed Monday, CBRE Group Inc. confirmed to the Tampa Bay Business Journal. CBRE Senior Vice President Dale Peterson represented the seller, Oregon-based Terrace Tower USA Inc., in the transaction. CBRE declined to confirm a buyer or a selling price. A Hillsborough County deed for the transaction hadn't been recorded late Monday. Terrace Tower paid $52 million…
  • ​Anticipating medical marijuana, Gray Robinson forms special practice group

    Eric Snider
    28 Jul 2014 | 2:40 pm
    As a referendum to legalize medical marijuana approaches, and polls continue to suggest it’s likely to pass, the Gray Robinson law firm has added the Regulated Products Practice Group to provide myriad services in what is bound to become a legal quagmire. The head of the group, Richard Blau, is based in Tampa. Twenty-five Florida attorneys are part of Regulated Products, with a wide range of specialties: compliance, labor and employment, banking and finance, medical, land use, and of course all…
  • Suncoast Credit Union Foundation appoints executive director

    Marin Guta
    28 Jul 2014 | 11:55 am
    Cindy Helton is the new executive director of the Suncoast Credit Union Foundation. Helton’s responsibilities as executive director of the foundation include conceptualizing, developing and facilitating the implementation of projects, donations, grants and events related to Suncoast Credit Union’s commitment to the community, according to a statement. Helton started her career at Suncoast Credit Union in 1976 as a member service intern and most recently served as member development director.…
  • Profit rebound at Tampa Bay community banks

    Margie Manning
    28 Jul 2014 | 11:54 am
    The second quarter of 2014 is shaping up as a generally positive one for community banks in Tampa Bay. With 16 of the 36 banks headquartered in the Bay area reporting 2Q 2014 results, profits are up a median of 4.4 percent compared to the second quarter of 2013. Each of the banks is in the black for the just-ended quarter, with one exception - Flagship Community Bank in Clearwater had a net loss of $73,000, based on information in call reports filed with the Federal Financial Institutions Examination…
  • Pinellas restaurant delivery service enjoying off-the-charts growth

    Eric Snider
    28 Jul 2014 | 11:40 am
    Tanner Loebel got the idea for Food Now, his fast-growing Pinellas County restaurant delivery service, from hungry nights in a condo at 400 Beach Drive in downtown St. Petersburg. It was 2011, and he’d returned from Manhattan — where he could order in myriad meals virtually around the clock — to his native city and saw a wasteland where only pizza and subs were delivered. Founded with a $15,000 investment, Food Now is on pace to deliver $1.5 million in restaurant sales in 2014, topping 100…
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    Washington, D.C. Business News - Local Washington, D.C. News | The Washington Business Journal

  • Citing traffic and density concerns, D.C. zoning panel defers action on McMillan

    Michael Neibauer
    28 Jul 2014 | 6:50 pm
    The D.C. Zoning Commission on Monday delayed action on the proposed overhaul of the McMillan Sand Filtration Plant, citing continuing concerns about density and traffic and the desire to "make sure it's right." While the controversial, 2.1 million-square-foot plan devised by Vision McMillan Partners is a good bet for eventual approval, issues with density, traffic, loading and the community benefits agreement led the commission to defer its decision on the planned-unit development application until…
  • Prince George's Community College bans e-cigarettes

    Tina Reed
    28 Jul 2014 | 3:01 pm
    It’s hardly newsworthy these days when an institution announces it's going smoke-free. But Prince George’s Community College introduced one of the strictest policies around Monday, banning e-cigarettes along with all other smoke and tobacco products. 
Starting Sept. 15, electronic devices for smoking won’t be allowed on campus — or even in personal vehicles — at the Largo college. That policy applies to regular cigarettes as well as hookahs, chew and any other product tobacco companies…
  • MicroStrategy announces 'corporate restructuring' ahead of first earnings call in nine years

    Bill Flook
    28 Jul 2014 | 1:59 pm
    MicroStrategy Inc.'s long earnings call hiatus ends tonight, and CEO Michael Saylor should have plenty to talk about. The Tysons Corner analytics company is set to host a conference call discussing its second quarter results at 6 p.m., its first since 2005. Nine years ago, MicroStrategy (Nasdaq: MSTR) said stopping the calls would be in the "best interests of its shareholders to focus on long-term financial performance." It reversed that policy earlier this year, following complaints by a group…
  • Hilton dials up new room-selection app in hotel tech race

    Rebecca Cooper
    28 Jul 2014 | 1:34 pm
    It seems like the region’s hotel companies are doing whatever they can to one-up each other in the technology arena. The latest? Hilton guests will soon be able to select their exact room within a hotel using a smartphone app, Hilton Worldwide Holdings Inc. said Monday. Marriott said in May that it was working on giving guests at its new Marriott Marquis the ability to order meals for delivery or pickup — a pared down form of room service — using a smartphone app. The hotel also has mobile…
  • Rep. Jim Moran weighs in on Fort Belvoir janitor strike

    Jill R. Aitoro
    28 Jul 2014 | 1:04 pm
    Representative Jim Moran, D-Virginia, is weighing in on a pending strike of janitors that work at Fort Belvoir, asking the garrison commander at the Fairfax County Army installation to take appropriate action “to ensure the contractors are held responsible for their actions.” Moran sent a letter to Col. Michelle Mitchell Monday, pointing to the decision by contracted janitors to authorize a strike in response to federal labor charges against their employer, Brown and Pipkins. “Disregard for…
 
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    Wichita Business News - Local Wichita News | The Wichita Business Journal

  • No slowing down: A look at the 737 at Spirit AeroSystems

    Daniel McCoy
    28 Jul 2014 | 12:53 pm
    A tornado can’t stop it. Neither can a train derailment. No matter what gets thrown its way, the 737 line at Spirit AeroSystems keeps humming along. CNET, which last week peeked behind the company’s work on the 787, took at look at the 737 program at Spirit as part of its Road Trip 2014 series. At Spirit (NYSE: SPR), Wichita’s largest employer, the 737 is a workhorse. The company builds 70 percent of the aircraft for the Boeing Co., shipping the completed fuselages and other components…
  • Presidential search committee named for Friends University

    Josh Heck
    28 Jul 2014 | 12:51 pm
    Friends University has sought the help of a search committee to help find the university’s next president. Friends is seeking to replace T.J. Arant, who resigned in March amid philosophical differences between him and the university’s board of trustees. Darcy Zabel, the university’s vice president of academic affairs, is Friends’ interim president. When the next university leader is hired, that person will be the university’s 14th president. The search committee includes a mix of Friends…
  • FAA proposes $12 million fine against Southwest over aircraft repairs

    Daniel McCoy
    28 Jul 2014 | 12:47 pm
    The Federal Aviation Administration said on Monday it wants to fine Southwest Airlines $12 million for allegedly not making the proper FAA-required repairs to some of its aircraft and continuing to operate those jetliners. According to the FAA, the proposed civil penalty stems from three separate enforcement cases involving aircraft from Southwest’s fleet of Boeing 737s dating back to 2006. The statement does not say that the repairs were not made, but rather that the proper FAA procedures…
  • 40 Under 40 employer countdown: City of Wichita is No. 3

    Emily Behlmann
    28 Jul 2014 | 12:44 pm
    The roster of Wichita Business Journal 40 Under 40 honorees and alumni is full not just of private-sector workers, but also of those who work for government. The city of Wichita is the employer with the third-most honorees since 40 Under 40 began in 1998. For these purposes, we combined together those who work for the city in an administrative function, those who are a part of the Wichita Police Department and a few others. You can see all 17 honorees in the attached slideshow.
  • General aviation gets the family back together as EAA AirVenture opens

    Daniel McCoy
    28 Jul 2014 | 12:37 pm
    The world’s largest general aviation fly-in and convention kicked off on Monday at the EAA AirVenture in Oshkosh, Wis., a gathering Experimental Aircraft Association chairman Jack Pelton likened to a family reunion. The annual event runs from Monday through Sunday. In his official welcome to attendees, Pelton, former CEO of Cessna Aircraft Co., said that show was once again made possible by the “countless hours” and “generous support” of the thousands of EAA volunteers. Pelton also…
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