June 30th, 2011
Salt River Project was working to restore power to most of Mesa and parts of Apache Junction on Thursday evening after a fire destroyed one of its transformers. About 80,000 customers were without power as the noon fire at the Thunderstone substation damaged at least one transformer and overloaded SRP's system within Mesa. As demand climbed during the afternoon with higher temperatures, which produced rolling outages affecting homes and businesses. "Our system became pretty overwhelmed in that area," said Patty Likens, a spokeswoman for…
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June 30th, 2011
BNY Mellon (NYSE: BK) said a combination of relocations and new hires will add about 400 new jobs to Massachusetts as its asset servicing business continues to grow. The bank currently employs more than 4,000 people in Greater Boston, including Everett, Lynnfield, Newton and Westborough. In July 2010, the company welcomed more than 1,100 new employees from its $2.3 billion acquisition of the global investment servicing, or GIS, business of PNC Financial Services. As Boston Business Journal reported at the time, the deal gave BNY Mellon capabilities in the…
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June 30th, 2011
Missouri American Water filed a rate increase request Thursday with the Missouri Public Service Commission (MOPSC) and said it also is requesting a consolidated rate structure. The company is asking to hike rates $19 per quarter, or $6.33 per month, for an average residential customer using 22,500 gallons of water per quarter in St. Louis County, and about $8.20 per month for an average residential customer using 7,000 gallons of water monthly in St. Charles County. The Missouri PSC approved a $28 million rate increase for Missouri American Water last…
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June 30th, 2011
The Travaasa Hana hotel opened Thursday in east Maui. The hotel features 70 cottages and suites and is owned by the real estate investment firm Amstar Group. The Denver-based firm purchased the hotel, formerly the Hotel Hana-Maui, in May of last year. The Travaasa Hana hotel is the second Travaasa-branded hotel. The Travaasa Austin opened in…
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June 30th, 2011
Two bidders who recently lost protests over the awarding of the Honolulu rail transit’s core systems contract will appeal the City and County of Honolulu’s decision. Bombardier and Sumitomo Corp. of America announced this week that they will appeal the city’s decision to the Hawaii Department of Commerce and Consumer Affairs. In April, the two companies filed objections with the city over the awarding of the $574 million contract to Ansaldo Honolulu. The city’s Department of Budget and Fiscal Services rejected the two protests on June…
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June 30th, 2011
Quick, what is the most expensive commercial construction project currently under way in Hawaii? Can you spell M-I-C-K-E-Y M-O-U-S-E? Yes, it’s Disney’s Aulani Resort & Spa at Ko Olina in West Oahu. Its $800 million building permit makes it by far the state’s largest construction project. And, it’s almost finished. The resort is scheduled to open on 21 oceanfront acres on Aug. 29. The second-largest commercial project, with a $300 million building permit, also is in West Oahu but will be less…
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June 30th, 2011
Washington state’s population barely budged in the last 12 months, although some cities grew significantly, largely because of annexations. The Evergreen state’s population increased a scant 0.64 percent to 6,767,900 as of April 1, according to an annual estimate released Thursday by the state Office of Financial Management. The state agency attributed the “unexpected slowdown in population growth” to the weak economic recovery following the financial crisis of 2008. Some cities welcomed new citizens by the thousands, however, in most cases because of…
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June 30th, 2011
The Business Courier's website was chock full of big news in June, from a local attorney and radio personality being kicked off the air to a major Cincinnati employer landing billions in contracts. Want to know the top five stories from June? Click…
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June 30th, 2011
Want to cheer up a friend who’s having a case of the Mondays, or maybe you forgot about someone’s birthday until the day of? Starbucks just made it easier for iPhone and iPod touch users to send a drink or food gift through their mobile device. Starbucks on Thursday launched its newest app, Starbucks for iPhone, which combines two iPhone apps — My Starbucks and Starbucks Card Mobile. The new app adds an extra perk — the ability to send Starbucks gift cards via your mobile device, using either your phone or Facebook…
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June 30th, 2011
Buckhead was well represented late Thursday at a legislative hearing on redistricting. More than a half dozen speakers at the two hour session on the campus of Georgia Tech asked Georgia lawmakers in charge of the upcoming redrawing of legislative and congressional maps to put their community back together. Attorney Brad Carver, leader of government affairs at Hall Booth Smith & Slover, P.C., and a resident of Buckhead, called for the General Assembly to restore a Buckhead/Sandy Springs-based state Senate district once represented by the late Paul Coverdell, who also represented Georgia in the…
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SRP works to regain power in Mesa
