Below please find daily updates pertaining to the latest in financial, business, and tax news:
Hooman Radfar: Too many startups obsessed with media coverage
Posted: Tue Jun 18 14:19:56 PDT 2013AddThis founder Hooman Radfar did an interesting Q&A with Tech Cocktail this week, covering a lot of ground in 600 or so words. It's definitely worth a read. What struck me most ? besides his exhortation to not "be any platform's bitch," a reference to Facebook-dependence ? was his take on the Startup-Media Industrial Complex. "I can?t count the number of companies I talk to that are obsessed ...
Terrie Battuello hired as Port of Everett?s new development chief
Posted: Tue Jun 18 14:19:31 PDT 2013Terrie Battuello on Monday was named the Port of Everett?s chief of Business Development. Battuello will join the port from the city of Bothell, where as assistant city manager of Economic Development she has led the effort to bring $220 million of private investment to that town, including a new McMenamins entertainment complex. In Everett Battuello, whose base salary will be $134,000 a year...
MRC Global acquires valve automation provider, expands operations
Posted: Tue Jun 18 14:19:29 PDT 2013MRC Global Inc. (NYSE: MRC) has snapped up a valve automation company ? Odessa, Texas-based Flow Control Products, also known as Dan H. Brown Inc. ? to expand its footprint in the Permian Basin. Houston-based MRC, a distributor of pipe, valves and fittings for the oil and gas industry, said it plans to continue operating Flow Control Products? business as an MRC Valve Automation Center. Furth...
Ohio Medicaid expansion may be delayed if approved at all
Posted: Tue Jun 18 14:18:24 PDT 2013Ohio House Speaker Bill Batchelder doesn?t think lawmakers will have time to vote on whether to expand eligibility for Medicaid and a separate reform bill before the General Assembly recesses for summer at the end of the month, spokesman Mike Dittoe confirmed in an e-mail to Columbus Business First. Batchelder expects work on the legislation to continue during the summer, Dittoe said, and the ...
Grunley to renovate Sidney Yates building
Posted: Tue Jun 18 14:18:05 PDT 2013Rockville-based Grunley Construction Co. Inc. has been selected by the General Services Administration for a $20 million renovation of the Sidney Yates Building at 14th Street and Independence Avenue SW. The design-build contract calls for construction of new mechanical, electrical, heating, air conditioning and fire-protection systems, new windows and a 10,000-square-foot child development ce...
Medicaid 2K13? Billing processor has ?deep concerns? about new claims system
Posted: Tue Jun 18 14:15:11 PDT 2013North Carolina?s largest handler of Medicaid bills from private practices says it has ?deep concern? over the transition in the state?s claims system, which is supposed to go live July 1. Called NC Tracks, the new system must process every Medicaid claim in the state. Tech integration giant Computer Sciences Corp. (NYSE: CSC) is installing the new system at a cost of $485 million. The system m...
Wild Eggs adding fourth location in Louisville
Posted: Tue Jun 18 14:14:58 PDT 2013Wild Eggs is expanding again. The company plans to open its fourth location this fall at 122 S. Floyd St. in downtown Louisville. The breakfast and lunch restaurant will occupy about 4,700 square feet of leased space in the Mercantile Gallery Lofts building, just behind a Jimmy John?s sandwich shop. ?We?re looking at growth right now,? Shane Hall, co-founder and chief operating officer of Eg...
NC regulators ?satisfied? with the selection of next Duke Energy CEO
Posted: Tue Jun 18 14:14:52 PDT 2013The N.C. Utilities Commission, which became involved in Duke Energy?s search CEO search after the surprise ouster of Progress Energy CEO Bill Johnson last year, says it is satisfied with how Duke has chosen Jim Rogers successor. The Duke board, the commission says, abided by an agreement on the process for appointing a new CEO by July 1, if possible, when it voted over the weekend to make Chie...
Rich Kinder to chair Museum of Fine Arts Houston board
Posted: Tue Jun 18 14:14:20 PDT 2013Kinder Morgan Inc. (NYSE: KMI) CEO Rich Kinder has been unanimously chosen as chairman of the board of trustees for the Museum of Fine Arts Houston. The vote took place at the annual meeting of the board on Tuesday. Kinder will take over from Cornelia Cullen Long, who has chaired the board for six years. She will move into a new role as head of the future capital and endowment campaign for the...
The Abbey in Oldsmar sells for $33 million
Posted: Tue Jun 18 14:12:43 PDT 2013The Abbey at Forest Lakes, a 400-unit apartment complex in Oldsmar, has sold for $33 million, or $82,500 per unit. The buyer is Pacifica Companies. Jamie B. May of Institutional Property Advisors, a multifamily brokerage division of Marcus & Millichap, represented seller Abbey Residential. The 42-acre property at 100 Old Village Way, just off Tampa Road, is at the eastern edge of north Pinel...
Today's 3 Best Stocks
Posted: Tue Jun 18 14:15:04 PDT 2013A roundup of the day's best performers within the S&P 500 and what their moves mean for investors. ...
Our Inflation Problem
Posted: Tue Jun 18 14:15:02 PDT 2013The problems we're having with inflation probably isn't what you would think. ...
Mellanox Appoints Lead Director to Chairman
Posted: Tue Jun 18 14:12:26 PDT 2013Federman has 14 years of internal experience. ...
Is There Any Long Term Value in These 3 Fast Food Giants
Posted: Tue Jun 18 14:10:03 PDT 2013Is There Any Long Term Value in These 3 Fast Food Giants ...
Duke Energy Elects New President and CEO
Posted: Tue Jun 18 14:08:20 PDT 2013Rogers will remain as chairman through the end of 2013. ...
Can Oracle Beat These Numbers?
Posted: Tue Jun 18 14:04:03 PDT 2013Checking expectations ...
It's Showtime for Kroger
Posted: Tue Jun 18 14:03:53 PDT 2013Checking expectations ...
Can TIBCO Software Meet These Numbers?
Posted: Tue Jun 18 14:03:43 PDT 2013Checking expectations ...
ConAgra Foods Earnings Are on Deck
Posted: Tue Jun 18 14:03:32 PDT 2013Checking expectations ...
Can Rite Aid Meet These Numbers?
Posted: Tue Jun 18 14:03:22 PDT 2013Checking expectations ...
