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First hackathon offers prizes in addition to VC exposure<img src='http://assets.bizjournals.com/sacramento/blog/mark-anderson/keyboard_fingers_hackathon_315*100.jpg?v=1'>The Cereal Hack set for Sacramento at beginning of June has more has $1,000 available in prizes for its participants.
A hackathon is an event where small groups are assembled into teams to create, develop and deliver an application after many hours of non-stop effort.
As I wrote in the May 11 print edition, it is thought to be the first large-scale open hackathon in Sacramento, but hackathons are a growing trend across the country.
The events are big in Silicon Valley, where companies literally...<div class="feedflare">
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</div>HP planning 25,000 to 30,000 job cuts<img src='http://assets.bizjournals.com/denver/news/HewlettPackardHPLogoWeb2*100.jpg?v=1'>Hewlett-Packard Co. will reportedly announce plans to cut between 25,000 and 30,000 jobs over the next year or so when it posts earnings next week.
Reports that cite unnamed sources on AllThingsDigital, Bloomberg and Business Insider vary on the size of the work force reduction at Palo Alto-based HP (NYSE: HPQ).
The restructuring will reportedly include a number of voluntary retirement packages, with AllThingsDigital putting that number at about 5,000 people.
Business Insider reported that its...<div class="feedflare">
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</div>Micron stock jumps after chip order reportsReports that Apple Inc. is making large chip orders with Elpida Memory Inc. have spiked interest in Micron Technology Inc.?s stock.
Micron was one of the most actively traded stocks today, according to the Associated Press .
Micron (NASDAQ: MU) last week won the exclusive right to purchase Elpida Memory of Japan for 200 billion Yen, or $2.5 billion.
Debt forced Japanese chip maker Elpida to file bankruptcy protection in February.
As part of the deal, Micron will keep two factories in Japan....<div class="feedflare">
<a href="http://feeds.bizjournals.com/~ff/bizj_sacramento?a=RL_JfyDa408:9KobNlcx6hA:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_sacramento?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_sacramento?a=RL_JfyDa408:9KobNlcx6hA:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_sacramento?i=RL_JfyDa408:9KobNlcx6hA:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_sacramento?a=RL_JfyDa408:9KobNlcx6hA:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_sacramento?i=RL_JfyDa408:9KobNlcx6hA:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_sacramento?a=RL_JfyDa408:9KobNlcx6hA:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_sacramento?d=qj6IDK7rITs" border="0"></img></a>
</div>Rackwise extends contract with Stanford acceleratorRackwise Inc. signed a renewal and expansion of its contract with the SLAC National Accelerator Laboratory in Menlo Park,
The Stanford Linear Accelerator is operated by Stanford University for the U.S. Department of Energy.
The particle research laboratory has been using Rackwise data center infrastructure management since 2009, and it is expanding its use of the software to model power use.
Rackwise (OTC: RACK.OB) is based in Folsom. The company moved its headquarters this month from San Francisco.
?We...<div class="feedflare">
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</div>ED GOLDMAN: An unethical budget move?Quibbles & Bits ? Did your parents ever send you to the store with a detailed list of what you were supposed to buy and the money to do so? And if so, did you follow their instructions ? or did you do what California and several other states are trying to do: use the dough for something else?
As is being reported everywhere, Gov. Jerry Brown is proposing to use the $400 million the banking industry coughed up in our direction not to provide mortgage relief and reduce home foreclosures, as...<div class="feedflare">
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</div>Reports: Energy efficiency should pay off for stateAs California policymakers discuss how to spend revenue generated by the state?s soon-to-be-launched carbon market, four related studies providing legal and economic analysis of different investment scenarios were released late Wednesday, Melanie Turner writes.
How the money is spent will have implications for the state?s economy and future, said F. Noel Perry, businessman and founder of Next 10, a nonpartisan nonprofit organization which commissioned the four studies. ....<div class="feedflare">
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</div>Sutter gold mine slideshowOfficials with Sutter Gold Mining Inc. recently officially kicked off construction at a gold mill expected to go online later this year at the Lincoln Mine. Staff writer Mark Anderson has a slideshow of photos from the event, including workers actually breaking apart rock. ...<div class="feedflare">
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</div>Capital Public Radio hires state government reporterCapital Public Radio has hired longtime journalist Amy Quinton to fill a state government reporter position, the news and information organization announced Wednesday, Melanie Turner writes on the media beat.
Quinton comes from New Hampshire Public Radio, where she was an environmental reporter and interim news director. ...<div class="feedflare">
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</div>Upscale online pet retailer debuts in RocklinAn online, upscale pet retailer is opening its first bricks-and-mortar store in Rocklin today. PoshPuppyBoutique.com customers can pick up their online purchases as well as shop in the store, according to the company. ...<div class="feedflare">
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</div>State new jobless claims rise; nation's stay steadyThe number of people filing new jobless claims across the country was stagnant at 370,000, with no change from the previous week, according to a weekly report from the U.S. Department of Labor. California, however, saw an increase in new claims of 1,613. ...<div class="feedflare">
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Make ABC News Your Business News Source
Building buzz in a revolutionary mart for a new fashioned stock company will clamor for the speed of the mercantile business news machine because you won't have the marketing accumulation excessive Read more...
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Jumping On The Linux Pos (point Of Sale) Bandwagon- Finally, A Choice For Hospitality & Retail Provi
By Derek Meade
In a never ending battle to ease costs, many businesses today are looking at Linux as a server operating system. Issues such as cost and flexibility make Linux an attractive choice. However, just as Read more...
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By Vic Romano
One of the utterly operating costs operational ways you can promote your enterprise is through the use of a powerful corporation card.Building buzz in a in style industry for a Read more...
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Dow Jones Business News To Comprehend All About Business
By Charles Wallace
Just the same promoting your stock company use your web site to communicate with suppliers, resellers, and naturally, your customers. On its own, decidedly, commercial enterprise news is Read more...
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Bud Clark Commons lands top design prize
A Portland low-income housing project has captured a prestigious architecture award.
The American Institute of Architects named the Bud Clark Commons as the group?s top 2012 Housing and Urban Development design. The award will be given to Dave Otte, the lead architect on the project, on Saturday.
The facility opened last summer in Portland?s Old Town
The Washington, D.C.-based AIA praised:
The shelter?s ?abundance of natural light and wood finishes inside,? exemplified by the sustainably...<div class="feedflare">
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H&M to open at Lloyd Center
H&M, the fashion retailer also known as Hennes & Mauritz, opens its fourth Portland mall store at noon, June 7, at Lloyd Center.
H&M has stores at Pioneer Place, Washington Square and Clackamas Town Center.
The 21,226-square-foot Lloyd Center location employs 30.
The popular retailer carries men's and women's apparel. The first 100 customers on opening day will receive an H&M t-shirt and a gift card worth $10 to $300.
Store hours are 10 a.m. to 9 p.m. Monday to Saturday and 11 a.m. to 6 p.m....<div class="feedflare">
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Icahn urges Mentor shareholders to withhold director votes
<img src='http://assets.bizjournals.com/portland/news/Icahn_carl2_carousel*100.jpg?v=1'>Using a quote from Thomas Jefferson, billionaire shareholder activist Carl Icahn on Thursday lashed out at Mentor Graphics for extending its poison pill and refusing to renominate two of his favored board members.
As a result, Icahn is urging Mentor Graphics shareholders to withhold votes for incumbent directors Gregory Hinckley, Peter Bonfield, Kevin McDonough, Patrick McManus and Mentor CEO Walden Rhines. In doing so, he touted a similar recommendation from ISS Proxy Advisory Services.
ISS also...<div class="feedflare">
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Regional stocks: Market slide continues
<img src='http://assets.bizjournals.com/twincities/news/StockMarketDown*100.jpg?v=1'>The major indices continued their slide on Wall Street.
The Dow Jones Industrial Average closed down 156.06 points to 12,442, the NASDAQ closed down 60.35 points to 2,813 and the S&P 500 closed down 19.94 points to 1,304.
The Davidson 99, which measures stocks in seven western states, including 19 in Oregon, closed down 3.47 points to 168.16.
Among the biggest percent losers regionally were Lithia Motors (NYSE: LAD), which closed down 8.4 percent to $22.14, Paulson Capital (NASDAQ: PLCC), which...<div class="feedflare">
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Craft Brew launches gluten-free Omission nationwide
<img src='http://assets.bizjournals.com/portland/news/Craft%20brew%20omission%20carousel*100.jpg?v=1'>Craft Brew Alliance Inc. will start distributing its line of gluten-free beers nationwide in coming weeks.
Portland-based Craft Brew (Nasdaq: Brew) launched its Omission Lager and Omission Pale Ale in Oregon in March. Thursday, it said it will begin distributing the brand nationwide, starting on the West Coast and hitting the rest of the country by mid-June.
Omission is brewed under Craft Brew?s Widmer Brothers Brewing label. Each batch is tested to ensure it complies with international standards...<div class="feedflare">
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Milwaukie light rail line attracts $85M from feds
<img src='http://assets.bizjournals.com/portland/news/Trimet%20max%20carousel*100.jpg?v=1'>Oregon?s U.S. senators announced jointly Thursday that the Portland area?s transit agency will receive $85 million in federal money for the new Portland-Milwaukie light-rail line.
The money, which goes to TriMet, comes from the U.S. Department of Transportation New Starts program.
Senators Jeff Merkley and Ron Wyden announced the funding on Thursday afternoon shortly before TriMet revealed it had also collected $7.5 million in federal grants to buy 18 buses, including four hyrbid vehicles.
The...<div class="feedflare">
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Portland business leaders happy with mayoral options
<img src='http://assets.bizjournals.com/portland/blog/mayoral%20candidates*100.jpg?v=1'>Portland?s business community has delivered a mostly positive verdict in the mayor's race following Tuesday?s election.
After Portland voters winnowed down the number of 23 candidates ? really, they narrowed the field of three front-runners to two, knocking Eileen Brady out of the running ? some prominent business leaders are saying that either of the general election combatants Charlie Hales and Jefferson Smith could be a positive force for the business community.
They warned, though,...<div class="feedflare">
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Timbers, Jeld-Wen Field featured in new Adidas ad
<img src='http://assets.bizjournals.com/portland/blog/Timbers-army-screengrab*100.jpg?v=1'>The Portland Timbers, star forward Darlington Nagbe, and the Timbers Army feature prominently in a new 30-second TV ad making its debut this weekend from Adidas? U.S. soccer division.
Portland-based Adidas America is pushing its micoach SPEED_CELL technology, which uses a chip embedded into the soccer boot to capture the player?s 360-degree movements and document various performance metrics.
The chips store up to seven hours of data and can wirelessly sync to smartphones and be shared through...<div class="feedflare">
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Oregon regional economies make gains
<img src='http://assets.bizjournals.com/portland/news/growth*100.jpg?v=1'>Eugene-Springfield and Central Oregon have joined the Portland metro area in nearing their average economic growth rates, according to the University of Oregon Regional Economic Indexes.
The regional indexes measure economic growth using variables including new housing permits, home sales, sector employment data, the unemployment rate, and airport passenger data. Zero is used to indicate the average growth rate posted between 1998 and 2011.
In Portland, the average economic growth rate for the...<div class="feedflare">
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Precision Castparts surpasses $7B in annual sales
<img src='http://assets.bizjournals.com/portland/news/Precision_castparts_Donegan_web*100.jpg?v=1'>Precision Castparts Corp. on Thursday said it gained ground in new markets as it boosted fourth-quarter and full-year sales by 16 percent.
The Portland-based manufacturer of key metal components for commercial aircraft and energy markets (NYSE: PCP) reported earnings of $336.1 million, or $2.30 per share, on nearly $2 billion in sales for the final quarter of fiscal 2012. That was a sizable improvement over the prior year when it had earnings of $271 million, or $1.87 per share, on $1.7 billion...<div class="feedflare">
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Jawa settles lawsuit with Verizon
Jawa and founder Jason Hope have settled a lawsuit with Verizon Wireless regarding claims the premium texting service company was violating the carrier?s terms for businesses.
The settlement, which was entered into files of U.S. District Court of Arizona at the end of April, would block Jawa or Hope from offering premium texts without written permission from Verizon, and they cannot do so for at least six months, according to the consent decree filed with the court.
Verizon officials said they...<div class="feedflare">
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Suntech, First Solar weigh in on tariff ruling
Arizona has two of the biggest names in global solar module production separated by about 50 miles, but both First Solar Inc. and Suntech Power Holdings Co. Ltd. have a huge stake in new tariffs levied against Chinese modules coming to the U.S.
When the U.S. Commerce Department came down with at least 31 percent tariffs on Chinese companies? modules earlier Thursday, the whole solar industry was talking.
Tempe-based First Solar (Nasdaq: FSLR) has tried to stay above the fray for months. It has...<div class="feedflare">
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Arizona Technology Council tabs new board members
<img src='http://assets.bizjournals.com/phoenix/print-edition/Vermillion_Chuck*100.JPG?v=1'>The Arizona Technology Council has chosen nine new board members and named Roger Vogel as its new vice chairman.
The organization, which represents a wide swath of technology companies in the state, chooses its board members each year. The board?s chairman, OneNeck IT Services CEO Chuck Vermillion, will remain as the board?s leader.
New board members are:
Chad Eckes, chief information officer, Cancer Treatment Centers of AmericaClark Peterson, CEO, TelesphereJeff Unruh, managing director,...<div class="feedflare">
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Mitchell narrowly tops Monti in Tempe mayoral race
<img src='http://assets.bizjournals.com/phoenix/news/Mitchell%20mark*100.jpg?v=1'>Mark Mitchell has overtaken restaurant executive Michael Monti in their contentious and tight Tempe mayor?s race.
Monti previously held a narrow lead on Mitchell, a Tempe City Councilman and son of former Tempe mayor Harry Mitchell. But the count released this afternoon gives Mitchell a 139-vote win over Monti.
Mitchell has 11,351 votes versus 11,212 for Monti, according to the final tally. Monti held a 222-vote lead over Mitchell when the polls closed Tuesday, but some provisional and early...<div class="feedflare">
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Social Madness nominations are in, now what?
<img src='http://assets.bizjournals.com/phoenix/blog/socialmadness/SocialMadness_logo*100.jpg?v=1'>Nominations have closed for Social Madness presented by Capital One Spark Business, and the Phoenix Business Journal raked in about 150 of them. Now, the fun can begin.
For those companies concerned about not hearing an update about the social media competition, fear not! American City Business Journals, our parent company, currently is in the process of reviewing, vetting and approving nominations.
Nominated companies will be notified of their approval before the next phase of the competition...<div class="feedflare">
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Greg Jamison, NHL move ahead with Phoenix Coyotes sale, but no Glendale vote imminent
<img src='http://assets.bizjournals.com/phoenix/blog/business/Jamison,%20greg_sharks*100.jpg?v=1'>Greg Jamison is taking more steps toward buying the Phoenix Coyotes from the National Hockey League, but there is no action yet scheduled by the Glendale City Council on its portion of the deal.
Jamison is slated to sign preliminary sales documents and terms with the NHL later today or Friday. The NHL has owned the Coyotes since buying the team out of Chapter 11 bankruptcy for $140 million in 2009.
The NHL, Jamison and Glendale are trying to finalize a sale of the team to keep it playing in the...<div class="feedflare">
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Arizona college coaches don't approach 'Coach K' kind of pay
<img src='http://assets.bizjournals.com/triangle/images/Coach%20Mike%20Krzyzewski*100.jpg?v=4'>Major college coaches in Arizona make only a fraction of what Duke University basketball coach Mike Krzyzewski makes, but they still bring home a hefty salary.
Tax documents filed by Duke, an affluent, private university in North Carolina, shows that ?Coach K? earned $7.2 million in 2010, including a $3.7 million bonus for winning the NCAA title. That makes Krzyzewski one of the highest paid coaches in college sports.
The basketball and football coaches at Arizona State University and the University...<div class="feedflare">
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Dave Krietor retiring from city of Phoenix post
<img src='http://assets.bizjournals.com/phoenix/news/page41_Krietor_David*100.jpg?v=1'>Phoenix city hall veteran Dave Krietor is retiring from city government after 22 years and taking a position with Scottsdale ambulance company Rural/Metro Corp.
Krietor is currently deputy city manager and oversees Phoenix Sky Harbor International Airport as well as the city?s fire, planning and economic development departments. He will join Rural/Metro as vice president of government affairs.
"We are very excited to welcome him to our team and highly confident that his long and successful career...<div class="feedflare">
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Class action deal could bring $39M for Arizona mental health services
After decades of deliberation, Arizona Governor Jan Brewer signed a two-year agreement today with plaintiffs on the Arnold vs. Sarn class action suit, which outlines reforms and allocates $39 million in funding to community-based mental health services, pending court approval.
The class action lawsuit was initiated in 1981 when a group sought judgment against the Arizona Department of Heath Services, the Arizona state hospital and Maricopa County Board of Supervisors. The plaintiffs claimed that...<div class="feedflare">
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Solar tariffs on Chinese panels will affect Arizona industry
<img src='http://assets.bizjournals.com/phoenix/news/first%20solar%20calilf*100.jpg?v=1'>Arizona?s solar industry may face higher prices for panels, as the U.S. Commerce Department has placed a 31 percent tariff on panels imported from China.
It could go as high as 250 percent.
The decision, announced Thursday, was undertaken after SolarWorld Industries America Inc. protested what it believed were Chinese-backed companies dumping panels in the U.S. to drive down prices.
The case has been working through the Commerce Department and the International Trade Administration for months....<div class="feedflare">
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