Stocktons Window To Negotiate Debt Extended
The city of Stockton announced Monday that its creditors have agreed to extend negotiations aimed at restructuring the citys debt. Read more...
KCRA.com - Local News, May 21, 9:11pm
Sac Mayor Heads To L.A. For Fundraiser
Sacramento mayor Kevin Johnson left Monday afternoon for a political fundraiser that was scheduled to be a held a few hours later in Los Angeles. Read more...
KCRA.com - Local News, May 21, 8:39pm
Driver Dies After Car Hits Tree In Nevada Co.
California Highway Patrol officers said a driver died after hitting a tree in Nevada County on Monday. Read more...
KCRA.com - Local News, May 21, 7:47pm
Senate Bill Would Cap Cal State Pay
California State University employees who make more than $200,000 annually would have their salaries capped under a bill approved by the state Senate. Read more...
KCRA.com - Local News, May 21, 7:22pm
CU law school’s Ohm to help FTC monitor online privacy
Paul Ohm, an associate professor at the University of Colorado Law School, has been appointed to the Federal Trade Commission’s Office of Policy Planning as a senior policy adviser.
Ohm is regarded as an authority in online privacy matters and formerly was a federal prosecutor with the U.S. Department of Justice’s Computer Crime and Intellectual Property Section.
The FTC in recent years has been looking into the privacy policies of Internet giants such as Facebook, Google and Twitter.
“I... Read more...
Latest news from Sacramento Business Journal, May 21, 7:10pm
Nonprofits Pledge Work To Restore Dos Rios Ranch
Dos Rios Ranch in Stanislaus County is a restoration project that includes six miles of riverbanks where the San Joaquin and Tuolumne rivers meet. Read more...
KCRA.com - Local News, May 21, 6:45pm
Chamber Leadership Foundation’s McDonald leaving for museum post
Maureen McDonald, executive director of the Denver Metro Chamber Leadership Foundation, is leaving to take a position with the Denver Museum of Nature & Science.
McDonald next month will become the museum’s director of donor relations and major gifts.
“I have long loved the museum and have been a visitor since my childhood in Park Hill,” she said in a statement. “The opportunity to be part of a team that transforms this regional cultural institution to one of international renown is so... Read more...
Latest news from Sacramento Business Journal, May 21, 6:32pm
Photos: Tons Of Pot Found Floating In Ocean
Authorities say three and a half tons of marijuana have been found floating in the ocean off Southern California. Read more...
KCRA.com - Local News, May 21, 5:51pm
Sac Co. Experiences Spike In Officer-Involved Shootings
The number of officer-involved shootings in Sacramento County has spiked, according to sheriff's department statistics. Read more...
KCRA.com - Local News, May 21, 5:45pm
Images: Area Officer-Involved Shootings In 2012
Nearly halfway through 2012, the Sacramento County Sheriff's Department said it has broken an annual record it hasn't seen in a decade. The department has seen nine officer-involved shootings. In this slideshow, read about some officer-involved shootings in the area throughout the year. Sac Co. Experiences Spike In Officer-Involved Shootings Read more...
KCRA.com - Local News, May 21, 5:41pm
Woman Blames Eclipse For Striking 2 Pedestrians In SF
A driver who hit a mother and daughter crossing the street in South San Francisco is blaming the crash on glare from the "ring of fire" eclipse. Read more...
KCRA.com - Local News, May 21, 5:32pm
Lawmakers Trade Insults Debating Airport Gun Bill
A bill that would require law enforcement officers to arrest anyone bringing a concealed gun into an airport has sparked a heated partisan debate on the Assembly floor. Read more...
KCRA.com - Local News, May 21, 5:10pm
Denver gas prices slide as summer driving season approaches
With the first big driving weekend of the summer just days away, Denver motorists are getting a break at the pump.
AAA’s Daily Fuel Gauge report for Monday shows the average price for a gallon of regular gas in the Denver area is $3.736 Monday, down 4.1 cents from a week ago and down 13.7 cents from a month ago.
Earlier in the year, steady gains in gas prices threatened to blast the price of regular in Denver through the record $4-a-gallon set in July 2008.
Mid-grade gas in Denver averages $3.849... Read more...
Latest news from Sacramento Business Journal, May 21, 4:59pm
Safeway Picketed Over Monterey Clerk's Suspension
The Safeway supermarket chain is defending its decision to suspend a meat clerk at one of its Monterey County stores after he struck a man who had been kicking his pregnant girlfriend. Read more...
KCRA.com - Local News, May 21, 4:53pm
Bill Helps Gay Vets Affected By 'Don't Ask' Policy
Californians discharged from the military for being gay would have a better chance of recouping veterans' benefits under a law approved by the Assembly. Read more...
KCRA.com - Local News, May 21, 4:49pm
Community Housing Concepts remodels historic St. Louis complex
A 121-year-old apartment complex in the St. Louis area, owned by Denver nonprofit Community Housing Concepts Inc., reopened its doors Monday following a $27.3 million renovation.
CHC acquired the 209-unit complex in 2007 and hired Steele Properties to complete the historic redevelopment. The property was purchased as part of a pool of seven affordably-priced properties.
CHC partnered with U.S. Bank, the Missouri Housing Development Commission, St. Louis County and the Department of Housing and... Read more...
Latest news from Sacramento Business Journal, May 21, 4:46pm
Colorado stocks: StarTek up 14% as Dow rebounds
Wall Street rallied Monday after three weeks of declines, and only a dozen Colorado stocks lost ground for the day.
StarTek Inc. (SRT) had the biggest day with a 14.07 percent increase. Shares rose by 37 cents to close at $3.
Among the more actively traded stocks — those with an average daily volume of least 500,000 shares — the biggest gains belonged to:
• Molycorp Inc. (MCP): up 9.88 percent, or $1.94, to $21.58.
• Kodiak Oil & Gas Corp. (KOG): up 8.07 percent, or 64 cents, to $8.57.
•... Read more...
Latest news from Sacramento Business Journal, May 21, 4:43pm
Metro Denver unemployment rate at 7.9% in April
Metro Denver’s unemployment rate stood at 7.9 percent in April, down from 8.1 percent in the same month of 2011, according to raw, unadjusted county jobs data from the Colorado Department of Labor and Employment.
The 7.9 percent rate is for a 10-county area that includes Denver, Aurora, Lakewood, Broomfield and Centennial but not Boulder County.
With Boulder County included, the regional unemployment rate stood at 7.8 percent in April, down from 7.9 percent in the same month of 2011, CDLE reported... Read more...
Latest news from Sacramento Business Journal, May 21, 4:15pm
Denver Chamber, Mountain States Employers to debut Manager Summit
The Denver Metro Chamber of Commerce and the Mountain States Employers Council are launching a new annual training event for managers.
The inaugural Manager Summit will be held Thursday, July 26, from 8 a.m. to 4:30 p.m. at the MSEC offices at 1799 Pennsylvania St., Denver.
“The event will provide how-to tactics to improve managerial skills,” the chamber said in a press release. “Discussion topics include: beating the budget, understanding and managing your boss, overcoming obstacles to high... Read more...
Latest news from Sacramento Business Journal, May 21, 3:13pm
CH2M Hill-led group lands $929M Australia contract
A consortium led by CH2M Hill inc. has been awarded a $929 million contract for work on a power plant in Australia, the Douglas County-based global engineering company said Monday.
The contract is for engineering, procurement and construction and commissioning of a power plant supporting the Ichthys Liquefied Natural Gas (LNG) project in Australia’s Northern Territory.
The contract was awarded by JKC, comprised of JGC Corp. of Japan; Kellogg, Brown, and Root of Australia; and Chiyoda Corp. of... Read more...
Latest news from Sacramento Business Journal, May 21, 2:41pm
Sinclair can’t condemn property for petroleum pipeline, Colorado Supreme Court rules
The Colorado Supreme Court on Monday ruled that Sinclair Transportation Co. doesn’t have the legal authority to condemn private property for construction of a petroleum pipeline.
But the seven-member court was far from united in its decision. Justice Nancy Rice wrote the majority opinion, while three other justices dissented.
Two of the justices — Gregory Hobbs Jr. and Allison Eid — went so far as to write separate dissenting opinions.
Sinclair Transportation is a subsidiary of Salt Lake... Read more...
Latest news from Sacramento Business Journal, May 21, 1:39pm
DBJ Tech Watch for Monday: Facebook IPO, Yahoo, Apple, Google, Microsoft
Welcome to the Denver Business Journal's Tech Watch, our roundup of today's tech news from around the nation, featuring reports on Facebook, Yahoo, Apple, Google, Microsoft, DaVita, Alibaba, Amazon.com, Samsung, Motorola Mobility and more.
And click here for more DBJ tech coverage.
Nasdaq apologizes for Facebook IPO snags
Facebook, other social stocks, dive on Monday
Facebook closely watched after tepid Nasdaq debut
Facebook's Zuckerberg marries after IPO
Facebook's Zuckerberg No. 26... Read more...
Latest news from Sacramento Business Journal, May 21, 11:15am
Tons Of Pot Found Floating Off Coast
Authorities have seized hundreds of bales of marijuana that were floating in the ocean off of Southern California. Read more...
KCRA.com - Local News, May 21, 11:11am
Small Plane Crashes In Sutter County; Pilot Dies
The pilot of a small plane died in a crash Monday morning near Nicolaus, the Sutter County Sheriff's Department said. Read more...
KCRA.com - Local News, May 21, 11:05am
A's Snap 11-Game Losing Streak At AT&T Park
Josh Reddick hit a two-run homer and visiting Oakland halted an 11-game losing streak at San Francisco's AT&T Park. Read more...
KCRA.com - Local News, May 21, 10:34am
People Rush To Register To Vote Before Deadline
California's primary election is just 15 days away. People must be registered to vote by Monday. Read more...
KCRA.com - Local News, May 21, 9:58am
Aspen prepares for possible drought
The city of Aspen is taking steps to reduce its own water consumption by 10 percent as the area prepares for a potential drought, the Aspen Daily News reports.
Aspen is reducing the number of times it flushes fire hydrants, and implementing a more strategic watering plan at the municipal golf course.
The city used 38.8 million gallons of water last year. Read more...
Latest news from Sacramento Business Journal, May 21, 8:46am
CEO of Midway Gold resigns, citing health reasons
Daniel Wolfus has resigned as chairman and CEO of Midway Gold Corp. because of health reasons, the Englewood-based company announced Monday.
Wolfus, who owns 3 percent of stock in Midway Gold (NYSE: MDW), was re-elected to the company’s board earlier this month and will remain a director.
Company president Kenneth Brunk was promoted to chairman and CEO. Brunk was named president a year ago.
Wolfus joined the Midway Gold board in November 2008 and slightly more than a year later was named chairman... Read more...
Latest news from Sacramento Business Journal, May 21, 8:29am
Joe Coors could be wealthiest member of Congress
Joe Coors could stand out as the richest member of Congress if he wins the seat now held by Ed Perlmutter, The Denver Post reports.
Coors, who's trying to represent Colorado's 7th Congressional District, has family assets worth as much as $478.1 million. The wealthiest current member of Congress is Darrell Issa, a Republican from California who's worth as much as $451.1 million. Read more...
Latest news from Sacramento Business Journal, May 21, 8:21am
High Sierra Energy to be acquired for $583 million
Denver's High Sierra Energy LP and its general partner, High Sierra Energy GP LLC, are being acquired by NGL Energy Partners LP of Tulsa, Okla., for about $583 million.
NGL Energy Partners (NYSE: NGL) on Monday announced the signing of merger agreements with the High Sierra Energy companies. The purchase price is $693 million, minus assumed debt.
The expected debt level at closing values the equity portion of the deal to $433 million and the cash portion to $150 million.
The closing is due in... Read more...
Latest news from Sacramento Business Journal, May 21, 8:03am
Grow your business one customer at a time
With companies such as Facebook and Twitter gaining users daily by the thousands, it’s easy to look past the fact that every business, no matter how large, grows by one customer at a time.
Each customer has their own unique situation, needs, and even purpose and approach to using your product or service. A good example is when Microsoft first reached out to its Excel users and discovered that most of them didn’t use the program for its spreadsheet capabilities (like they thought), but instead... Read more...
Latest news from Sacramento Business Journal, May 21, 8:00am
Is poor EI preventing you from gaining more business?
You’ve preached the importance of consistent prospecting and business development to your sales team. All heads nod up and down in agreement.
You dedicate a portion of each sales meeting to teaching your team new skills and strategies for opening up opportunities. Key performance metrics are set and tracked.
So with all this time and attention, why are so many sales managers and CEOs still complaining that there aren’t enough new opportunities coming through the door?
Most sales organizations... Read more...
Latest news from Sacramento Business Journal, May 21, 8:00am
Social Madness gets 91 Colorado entries; it's game on June 1
The entry period for our Social Madness challenge is now closed, and 91 Denver-area businesses submitted nominations.
American City Business Journals, parent company of the Denver Business Journal, is in the process of reviewing nominations for eligibility. Any ineligible nominees -- donation-supported nonprofits, for example, or companies not headquartered in Colorado -- will be notified.
The competition itself begins Friday, June 1. Companies will be scored based on votes at bizjournals.com as... Read more...
Latest news from Sacramento Business Journal, May 21, 8:00am
DaVita agrees to pay $4.42 billion for latest purchase
DaVita Inc. announced Monday it will pay $4.42 billion to buy HealthCare Partners, which operates medical offices in three states.
Denver’s Davita (NYSE: DVA) said it’s signed a definitive merger agreement for $3.66 billion in cash and about 9.38 million shares valued at $758 million. DaVita said it expects to use available cash, borrow under its credit facilities and tap into additional debt financing to cover the cash portion of the deal.
DaVita has been stockpiling cash for potential acquisitions... Read more...
Latest news from Sacramento Business Journal, May 21, 7:47am
Briefcase Plus: Fast-growing Denver startup raises $3M, plus more biz briefs
Denver-based startup UrgentRx has closed on a $3 million Series B round of financing, led by Los Angeles-based venture capital fund Jump Investors. The company provides over-the-counter medications, such as aspirin, in a fast-acting powder format, packaged in single-dose, credit card-sized packets.
The money will be used to aggressively expand the company’s distribution footprint, grow its team, and for marketing and brand awareness, according to an UrgentRx spokesman.
The funding comes on the... Read more...
Latest news from Sacramento Business Journal, May 21, 7:00am
Solar Eclipse Draws Neighbors Together
An annular solar eclipse, also called a "ring of fire," crossed the skies Sunday evening, creating a spectacular view for millions across the world. Read more...
KCRA.com - Local News, May 21, 3:15am
Photos From The Field: Pacific Rim Street Fest
Thousands made it out to Old Sacramento for the Pacific Rim Street Festival on Sunday. Read more...
KCRA.com - Local News, May 20, 11:19pm
Millions Look Skyward As Eclipse Crosses US, Asia
Millions in Asia and the western United States watched as a rare "ring of fire" eclipse crossed their skies on Sunday. Read more...
KCRA.com - Local News, May 20, 11:15pm
Timelapse: See Photos Of Annular Solar Eclipse
See Sunday's annular eclipse from start to finish with this series of photos taken from KCRA's solar eclipse cam. Read more...
KCRA.com - Local News, May 20, 10:40pm
Child With Lighter Blamed In Apartment Fire
Authorities say a child playing with a cigarette lighter ignited a fire that gutted a second-story apartment in Redlands. Read more...
KCRA.com - Local News, May 20, 10:19pm
Share Your Solar Eclipse Photos On u local
Upload your photos of Sunday's annular solar eclipse. Read more...
KCRA.com - Local News, May 20, 10:13pm
Lawmakers Seek To Remove Barriers To Success
California lawmakers are considering three bills designed to help ex-convicts get jobs. Read more...
KCRA.com - Local News, May 20, 1:15pm
A Day On The Farm Kicks Off In Rancho Cordova
A Day On The Farm kicks off in Rancho Cordova at 10 a.m. on Sunday. Read more...
KCRA.com - Local News, May 20, 12:06pm
Firefighters Battle House Fire In Sacramento
Fire crews battle a fire that hit a home in Sacramento. Read more...
KCRA.com - Local News, May 19, 7:43pm
Mark Explains Best Way To See Eclipse On Sunday
What is the best way to view the eclipse on Sunday? Read more...
KCRA.com - Local News, May 19, 5:26pm
DBJ on CBS4: What business needs to know about Denver's camping ban
Denver's new homeless camping ban has stirred controversy -- and triggered questions among business people about how the ordinance will work.
The new rule, adopted by the Denver City Council May 14, takes effect May 29. It bans homeless people and others from camping overnight on public or private property without permission.
The ordinance comes as the number of unsheltered homeless people has risen sharply, according to a recent point-in-time survey.
Denver Business Journal reporter Dennis Huspeni... Read more...
Latest news from Sacramento Business Journal, May 19, 5:18pm
Denver rated 5th cheapest destination for summer air travelers
Denver ranks No. 5 on a list of the nation's 10 most affordable destinations for fliers this summer, based on air fares, according to Cheapflights.com.
The website, which specializes in finding and publishing travel deals online, said the average roundtrip fare to and from Denver is $243.
Chicago ranks No. 1, with average fares of $218.
The ranking comes from an analysis of air fare deals that Cheapflights.com users have found during the past 90 days.
"We have millions of visitors looking for... Read more...
Latest news from Sacramento Business Journal, May 19, 4:33pm
Lawmakers Withhold Political Office On Ballot
At least 10 current state legislators are running in the June 5 primary election without disclosing their political office on the ballot. Read more...
KCRA.com - Local News, May 19, 2:34pm