News from The Business Journals
Delta Air Lines Inc. will add new flights to 10 destinations in the Caribbean, Bermuda and Florida from LaGuardia Airport and John F. Kennedy International Airport in New York.
The Atlanta-based carrier said the flights will start in late 2012 and early 2013. Click here for flight schedules.
“We’re excited to be announcing new and expanded service to these popular leisure destinations at the same time we’re building our new domestic hub at LaGuardia Airport,” said Gail Grimmett, Delta senior...
May 21 2012
10:09am EDT
Google Inc. has reportedly been approved by Chinese regulators as of Saturday to move forward with its $12.5 billion purchase of U.S. phone maker Motorola Mobility.
According to the BBC, the deal marks Google's largest acquisition to date and its entrance into making phones and tablet computers. The acquisition has already received approval from U.S. and European regulators.
Mountain View-based Google (NASDAQ:GOOG) will be required to keep its Android mobile software free for other devices for...
May 21 2012
10:08am EDT
After fits and starts, iPierian Inc. will focus on developing monoclonal antibodies targeting Alzheimer’s disease and other neurodegenerative conditions, the company said Monday.
The South San Francisco stem cell technology and drug development company -- whose top-drawer investors include Kleiner Perkins Caufield & Byers, Google Ventures and venture groups tied to GlaxoSmithKline and Biogen Idec -- said its antibody drugs will zero in on tau protein and the Complement pathway.
Tau is a suspect...
May 21 2012
10:05am EDT
One Ballston Plaza, at 1010 Glebe Road, has been acquired by Bethesda-based The Meridian Group for $49 million, or $343 per square foot.
Boston-based private equity firm TA Associates sold the 143,000-square-foot building.
Eastdil Secured arranged the sale.
The eight story building was built in 1986 and currently has 13 tenants, including government contractors, private firms and national associations, according to Eastil.
May 21 2012
10:05am EDT
Microsoft Corp. has quietly launched a new social network called So.cl that it says is aimed at students.
As Forbes reports, Microsoft's (NASDAQ: MSFT) So.cl isn't aimed at Facebook Inc. as much as it's designed to compete with Google Inc.'s, Google+ by providing social network and search functions.
May 21 2012
10:04am EDT
Just in time for Memorial Day travel, gas prices are continuing to drop.
According to AAA Auto Club South, gas prices in Georgia now average $3.45 a gallon, down from $3.52 a week ago, $3.77 a month ago and $3.83 a year ago.
The national average price of regular unleaded gasoline is $3.68 -- down 4 cents from last week.
The national average price for regular retail gasoline fell for 45 consecutive days after peaking at $3.93 on April 6, according to AAA’s Historical Fuel Gauge Report.
Gas price...
May 21 2012
10:02am EDT
Alibaba Group Holding Ltd. agreed to repurchase up to half of Yahoo Inc.'s stake in the company for $7.1 billion following several attempts to reach a deal on a sale.
The deal calls for Yahoo (NASDAQ: YHOO) to sell half of its 40 percent stake in the Chinese Internet company for $6.3 billion in cash and around $800 million in Alibaba preferred stock.
The deal comes ahead of an initial public offering by Alibaba and values the company at $35 billion.
Yahoo bought a 40 percent stake in Alibaba in...
May 21 2012
10:01am EDT
The Milwaukee Metropolitan Association of Commerce has raised more than $18 million in commitments in sponsorship and tickets from Milwaukee-area businesses to support the Bradley Center.
The business commitment is seen as a key step in helping fund necessary maintenance and building upgrades at the downtown Milwaukee sports and entertainment facility for the next five to seven years to allow community leaders to begin the controversial discussion on how to pay for a new basketball arena.
MMAC...
May 21 2012
10:01am EDT
In a surprise move, BMO Harris Bank has secured the naming rights to the Bradley Center as part of a new six-year sponsorship deal aimed at helping extend the building’s life during the debate over a new basketball arena.
The move comes just four years after Bradley Center officials dropped an effort to sell naming rights for the building because the children of Jane Bradley Pettit, the philanthropist who donated $90 million to build the center, publicly opposed the effort.
But Bradley Center...
May 21 2012
10:01am EDT
The Nasdaq Stock Market on Sunday acknowledged that technology issues affected trading in millions of shares during Facebook Inc.'s initial public offering, the Wall Street Journal reports.
The Nasdaq delayed the start of the stock's trading by 30 minutes to fix the technology glitches, which left investors with orders that were improperly processed.
Some are saying they lost money and want compensation.
The trading glitches, which came amid the overwhelming investor interest in Facebook's (NASDAQ:...
May 21 2012
10:00am EDT
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