40-year old Raleigh woman qualifies for U.S. Olympic swimming trials She is a director of human resources for James Maynard's Golden Corral Corp. in Raleigh. And now, add an Olympic hopeful to the 40-year old Erika Braun's resume. Braun qualified for the U.S. Olympic trials on Saturday in the 50 freestyle swimming after she clocked 26.32 seconds. She had to beat 26.39 to qualify. This is not the first time Braun has qualified for the Olympic trials. She qualified in 1988 when she was just 16 years old. Her husband Eric Braun, an attorney by trade, says he believes... Posted 11 hours ago
Arizona, US banks still struggle with TARP, mortgage fund It’s been more than four years since the U.S. Department of the Treasury invested $204.9 billion into 707 banks of all sizes under the Troubled Asset Relief Program initiative known as the Capital Purchase Program. In return for the investment, the banks agreed to give the Treasury an ownership interest in the form of preferred stock and warrants to purchase more stock. Banks that accepted TARP also agreed to pay the Treasury quarterly dividends and to restrict executive compensation. According... Posted 12 hours ago
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... Posted 1 day ago
EveryoneSolar seeks investors to grow in solar hot water market If you're interested in solar hot water heating for your home or small business, solar water heating startup EveryoneSolar LLC has a unique technology that is picking up interest, with five permits underway and a growing U.S. market opportunity. The company hopes to install more than 350 systems in 2012. Its competition comes from primarily outside the San Francisco Bay Area, companies such as Greenwood, S.C.-based Velux America Inc., which has a solar hot water division, and Fontana, Calif.-based... Posted 1 day ago
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... Posted 1 day ago
Dayton area to get $5.8M for cleanup Two Dayton-area communities are getting $5.8 million from the state to clean up old commercial sites. On Friday, the state announced Dayton was awarded $3 million for work at the former General Motors Corp. site at 2701 Home Ave. The city will use the funds to clean contaminated soils, remove asbestos and general waste, as well as demolish existing buildings. The National Park Service plans to purchase and restore the historic buildings at the site to become part of the Dayton Aviation Heritage... Posted 1 day ago
DBJ Weekend Tech Watch: Facebook IPO, SpaceX, Microsoft, IHS Welcome to the Denver Business Journal's Tech Watch, our roundup of today's tech news from around the nation, featuring reports on Facebook, SpaceX, Microsoft, Motorola Mobility, IHS, Zynga, Yelp, Boeing, General Dynamics, Northrop Grumman, Boston Scientific and more. And click here for more DBJ tech coverage. Facebook shares fall flat on IPO debut Facebook buys social gift app maker Karma Zynga, Yelp down as Facebook closes flat 5 warning signs that time to invest in Facebook is over ... Posted 1 day ago
$635M deal for remaining Colorado Interstate Gas assets El Paso Pipeline Partners LP will acquire the remaining 14 percent interest in Colorado Springs-based Colorado Interstate Gas Co. LLC and all of Cheyenne Plains Investment Co. LLC from El Paso Corp. for $635 million and the assumption of about $242 million in debt. Colorado Interstate Gas (Cigco) has about 4,300 miles of natural gas pipeline in Colorado, Wyoming and neighboring states. The transaction between El Paso Pipeline (NYSE: EPB) and El Paso Corp. (NYSE: EP) is expected to close during... Posted 1 day ago
World of Beer franchise to open in Tempe A new World of Beer franchise will open on Mill Avenue in the old Tempe National Bank building this summer. WOB General Manager John Paul Watts, who will head up the new franchise, said the company believes Tempe to be a great location and will open a location July 23. “We believe the biggest and earliest growth is going to be in the Southwest,” Watts said. “Phoenix is a great market.” Watts said the fact WOB CEO Ben Novello is an ASU alumnus also might have influenced the decision. The... Posted 1 day ago
From Hong Kong to Santa Clara, TiE connects entrepreneurs The world can be ridiculously small. When I was in Hong Kong a few weeks ago on vacation, I ran into Iain Reed, a veteran in financial research and an entrepreneur whose company creates financial data management software. Over dinner with a few friends, he mentioned he was starting Southeast Asia’s TiE chapter and would be at the global TiE conference, May 18-19 in Santa Clara. Fast forward a few weeks, and I met up with him at the opening night reception with some of his other charter members.... Posted 1 day ago
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