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Long Island Business News By Dawn ManningThe presentation of Long Island varies depending upon the network, but could include a news ticker, logos, and various other graphics.
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NCDOT to hold meeting in Winston-Salem for minority, small businesses<img src='http://assets.bizjournals.com/triad/news/post-road-money_8727*100.jpg?v=1'>Is your company a small and minority-owned business interested in breaking into the transportation industry?
The N.C. Department of Transportation is hosting an outreach meeting from 9 a.m. to 11:45 a.m. on May 24 in Winston-Salem for small and historically underutilized businesses interested in subcontracting opportunities related to transportation projects in eastern North Carolina.
NCDOT is seeking small and minority-owned businesses that specialize in activities such as hauling and trucking,...<div class="feedflare">
<a href="http://feeds.bizjournals.com/~ff/bizj_triad?a=A3EGeT4izeA:Bfb31va2wZg:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_triad?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_triad?a=A3EGeT4izeA:Bfb31va2wZg:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_triad?i=A3EGeT4izeA:Bfb31va2wZg:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_triad?a=A3EGeT4izeA:Bfb31va2wZg:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_triad?i=A3EGeT4izeA:Bfb31va2wZg:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_triad?a=A3EGeT4izeA:Bfb31va2wZg:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_triad?d=qj6IDK7rITs" border="0"></img></a>
</div>Kernersville golf course to be auctioned in June<img src='http://assets.bizjournals.com/triad/news/post-Pine-Knolls-Golf*100.jpg?v=1'>Pine Knolls Golf Club, Kernersville's only golf course, will be auctioned next month with a starting bid of $600,000.
The 151-acre golf club was purchased in 2006 by Graham Ruttle and Pearse Mahon for $2.8 million, and includes a swimming pool, a 2,600-square-foot pavilion and 4,937-square-foot clubhouse. The club will be auctioned June 13 at the Marriott Winston-Salem at 460 N. Cherry St. by Racebrook Marketing Concepts and its auction affiliate, Sheldon Good & Co.
Ruttle and Mahon are brothers-in-law,...<div class="feedflare">
<a href="http://feeds.bizjournals.com/~ff/bizj_triad?a=lKnxa3gpkJo:tVZpy52Bl34:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_triad?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_triad?a=lKnxa3gpkJo:tVZpy52Bl34:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_triad?i=lKnxa3gpkJo:tVZpy52Bl34:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_triad?a=lKnxa3gpkJo:tVZpy52Bl34:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_triad?i=lKnxa3gpkJo:tVZpy52Bl34:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_triad?a=lKnxa3gpkJo:tVZpy52Bl34:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_triad?d=qj6IDK7rITs" border="0"></img></a>
</div>ECU plans dental school at Davidson County Community College<img src='http://assets.bizjournals.com/triad/post-stateofdavidson4*100.jpg?v=2'>East Carolina University?s School of Dental Medicine is partnering with Davidson County Community College to build a $3 million, 8,000-square-foot dental center on the community college?s Lexington campus.
The facility will be one of 10 such dental centers statewide, which were established in part to address the shortage of dentists in rural, underserved communities. The first center opens in Ahoskie on June 28. Other locations named to date include Elizabeth City, Lillington, Spruce Pine and...<div class="feedflare">
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</div>State of Davidson: Unemployment belies job opportunities<img src='http://assets.bizjournals.com/triad/post-StateofDavidson1*100.jpg?v=3'>Davidson County faces some steep uphill battles: thousands of furniture, textiles and manufacturing jobs lost, a 10.5 percent unemployment rate and a population where 30 percent of adults do not have high-school degrees.
But there are opportunities out there, according to business, education and economic development leaders speaking at The Business Journal?s State of Davidson event, held Thursday morning at Davidson County Community College.
Around 35,000 workers leave the county every day to...<div class="feedflare">
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</div>Duke Energy wants to pilot rate cuts for large customers<img src='http://assets.bizjournals.com/charlotte/Duke%20Energy%20HQ%202%20315*100.jpg?v=2'>Duke Energy Carolinas proposes spending about $13 million in shareholder money on a one-year pilot program to offer a 6 percent rate cut to large commercial and manufacturing customers in North Carolina.
The program's aim is to help business customers that are having trouble in the current economy. But it also might also keep large customers from buying power from other sources.
If the one-year pilot is successful and demonstrates benefits for the state and for Duke?s customers beyond those that...<div class="feedflare">
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</div>On the eve of Facebook's IPO, a look at the Triad's recent IPOs<img src='http://assets.bizjournals.com/sanjose/print-edition/11-FACEBOOK-ipo*100.jpg?v=1'>Facebook is going to make a lot of people millionaires Friday when it finally goes public, though if you're not an insider or blessed with connections, you probably won't be one of them.
But the Triad has had a few IPOs over the years too. Few being the operative word lately, since just a handful of Triad-based firms have braved the IPO market since 2008. One of those, regenerative medicine firm Tengion, only moved its headquarters to Winston-Salem recently and wasn't based in the Triad when it...<div class="feedflare">
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</div>Greensboro considering purchase of former YWCA buildingGreensboro is considering buying the former YWCA property in downtown Greensboro, according to the News & Record.
The City Council authorized staffers to explore that possibility in a closed session on Tuesday. The city already owns the property around the 23,000-square-foot building, including the Greensboro Public Library and the Greensboro Cultural Center.
The YWCA has had the building for sale since 2009 after it moved to Spring Garden Street to reduce costs. The original asking price was $3...<div class="feedflare">
<a href="http://feeds.bizjournals.com/~ff/bizj_triad?a=1_jPQN_DJfk:o4TJdHDISp4:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/bizj_triad?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_triad?a=1_jPQN_DJfk:o4TJdHDISp4:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/bizj_triad?i=1_jPQN_DJfk:o4TJdHDISp4:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_triad?a=1_jPQN_DJfk:o4TJdHDISp4:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/bizj_triad?i=1_jPQN_DJfk:o4TJdHDISp4:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.bizjournals.com/~ff/bizj_triad?a=1_jPQN_DJfk:o4TJdHDISp4:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/bizj_triad?d=qj6IDK7rITs" border="0"></img></a>
</div>North Carolinians are financially stressed<img src='http://assets.bizjournals.com/jacksonville/news/stressed%20office%20worker%20315-0-64-251-251*100.jpg?v=1'>Felt financially stressed through the start of 2012? You're not the only one.
North Carolina ranked 12th in the United States for its financial distress level in the first three months of the year, according to the latest CredAbility Consumer Distress Index.
Atlanta-based credit counseling agency CredAbility reported North Carolina has an overall distress score of 67.1 on the index, which is based on five categories: employment, housing, credit, household budget and net worth. A score below 70...<div class="feedflare">
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</div>Warren Buffett buying Media General newspapers, including Winston-Salem Journal<img src='http://assets.bizjournals.com/charlotte/warren%20buffett%201%20315*100.jpg?v=1'>Warren Buffett is buying the majority of Media General's newspapers, including the Winston-Salem Journal, Eden News, The Reidsville Review and the Danville (Va.) Register & Bee.
Media General, Inc. (NYSE: MEG) announced Thursday that it has signed agreements with BH Media Group, a subsidiary of Buffet's Berkshire Hathaway, Inc., for the purchase of 63 daily and weekly newspapers and new financing. Most of the newspapers are in the Southeast. The sale, for $142 million in cash, does not include Media...<div class="feedflare">
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</div>Slideshow: Phillips Building in Winston-Salem illustrates obstacles in renovations<img src='http://assets.bizjournals.com/triad/news/post-Phillips-Building*100.jpg?v=1'>Developers and architects face unique issues when renovating downtown buildings, including necessary structural adjustments, amended building codes, new seismic requirements and inefficient mechanical, electrical and other operational systems.
CJMW Architecture and New Atlantic Contracting Inc. came across many of these issues when beginning renovation of the Phillips Building, a 40-year-old space in downtown Winston-Salem.
The nearly 270,000-square-foot building includes six stories of office...<div class="feedflare">
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Post Holdings postpones results following Ralcorp?s delay
<img src='http://assets.bizjournals.com/stlouis/blog/Stiritz,-William2*100.jpg?v=1'>Post Holdings Inc., which was spun off in February from Ralcorp Holdings, said late Wednesday that it has delayed the release of its earnings for the second fiscal quarter of 2012.
The delay follows Ralcorp's announcement Tuesday that it has delayed the release date for its fiscal second-quarter earnings for the second time this month, citing its ongoing investigation into accounting errors found in earlier results.
St. Louis-based Ralcorp (NYSE: RAH) delayed announcing its results for the fiscal...<div class="feedflare">
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Urban League President James Buford to retire next year
<img src='http://assets.bizjournals.com/stlouis/blog/buford_james_2011*100.jpg?v=1'>James Buford, who has been president and CEO of the Urban League of Metropolitan St. Louis for 27 years, will retire in the middle of 2013, he said today at a meeting of the league?s board of directors.
Board Chair Debra Denham will appoint a search committee to seek local and national candidates to fill Buford?s position.
Under his leadership, the St. Louis affiliate of the National Urban League has grown in scope, services and community influence, and he is widely recognized as an effective...<div class="feedflare">
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St. Louis adds 2,900 jobs during past year
<img src='http://assets.bizjournals.com/stlouis/news/SaintLouisArchGatewayWeb*100.jpg?v=1'>The St. Louis metropolitan area added 2,900 nonfarm jobs from March 2011 to March 2012, an increase of 0.23 percent.
The St. Louis area employed 1.3 million people as of March this year. The metro area's small percentage growth in the past year ranks it 85th of the 100 largest metro areas, according to an On Numbers analysis of the latest figures from the U.S. Bureau of Labor Statistics.
All but 14 of the nation?s biggest metro areas added jobs during the past 12 months.
Percentage-wise, Stockton,...<div class="feedflare">
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Scott Credit Union pledges $100,000 for new St. Joseph?s Hospital
<img src='http://assets.bizjournals.com/stlouis/news/ScottCreditUnion_Promo*100.jpg?v=1'>Scott Credit Union has pledged $100,000 over the next five years to support the new St. Joseph?s Hospital being built on Route 160 at Troxler Avenue in Highland, Ill.
The new building is about a mile north of the current 64-year-old hospital it will replace.
Construction recently began on the new 91,000-square-foot facility, which is scheduled to be complete in the summer of 2013. The $60 million medical campus will include a 25-bed critical access hospital and medical office buildings.
St....<div class="feedflare">
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Nominate your rising star for 30 Under 30 awards
With just over 24 hours remaining in the nomination process, more than 110 individuals are vying for a spot on this year?s 30 Under 30 awards list. The nomination period will close at midnight tomorrow (Friday, May 18), so this truly is your last chance to recognize an up-and-coming star in your industry.
Our pool of nominations includes individuals from all parts of the St. Louis metro area who work in a variety of industries. From nonprofits to government agencies and health care to financial...<div class="feedflare">
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Concord Bank CEO Tony Feraro dies at 64
<img src='http://assets.bizjournals.com/stlouis/print-edition/2010/11/19/Feraro,-tony_web*100.jpg?v=1'>Tony Feraro, 64, the president and CEO of Concord Bank, died Wednesday afternoon, according to a statement the bank released today.
Feraro joined the bank as president and chief executive in November 2008. He previously had worked as chief executive of Silvergate Bank in La Jolla, Calif., since 2006. Previously he had been a bank consultant and had served as chief executive of Unity Bank Corp. in Clinton, N.J. Feraro had worked in St. Louis from 1984 to 1995 as president of a division of ITT Financial.
Concord...<div class="feedflare">
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Alton Telegraph to be sold to Versa Capital Management
Officials from Irvine, Calif.-based Freedom Communications Inc. said today that they reached an agreement to sell the Telegraph in Alton and three other newspapers to an affiliate of Versa Capital Management LLC.
The financial terms of the deal were not disclosed. The sale is expected to close within the next 30 days, and all employees will transition to the new company, Freedom Communications said.
Philadelphia-based Versa Capital Management, led by CEO Gregory Segall, is a private equity investment...<div class="feedflare">
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Enterprise Holdings acquires Mint Cars On-Demand
<img src='http://assets.bizjournals.com/baltimore/blog/Enterprise-Rent-a-car*100.jpg?v=1'>Enterprise Holdings has acquired New York City-based Mint Cars On-Demand, a car-sharing company serving more than 8,000 members in New York City and Boston. Financial terms of the transaction, which closed today, were not disclosed.
Mint will operate under its current brand name for the short-term before being incorporated into the local Enterprise car-rental fleets in the New York City and Boston regions. From there, it will operate as a natural extension of the Enterprise home-city business model,...<div class="feedflare">
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Stillman's Blues group raised $72 million to buy team
<img src='http://assets.bizjournals.com/stlouis/Stillman_Tom_Web*100.jpg?v=1'>Tom Stillman?s ownership group of the St. Louis Blues raised $72 million in an equity offering to buy the team, with each investor putting in at least $1 million, according to a document filed with the Securities and Exchange Commission.
The SEC Form D document, required for such fundraising, does not specify how much each investor kicked in.
The name of the corporate entity was SLB Acquisition Holdings LLC and is registered to the same address as Stillman?s Summit Distributing beer distribution...<div class="feedflare">
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MEMC CFO Murphy resigns, Wuebbels named successor
MEMC Electronic Materials Inc. said Wednesday that its chief financial officer, Mark Murphy, resigned effective immediately to return to Praxair Inc. , and that Brian Wuebbels has been named executive vice president and CFO to succeed Murphy, the St. Louis Business Journal reports. Murphy, who is leaving to become president of Praxair Surface Technologies, will work with MEMC in a consulting role to assist in the transition.<div class="feedflare">
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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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