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Accion gets grant to boost border business Accion Texas and Accion New Mexico Arizona Colorado and Accion Texas have been given an $800,000 grant from the U.S. Department of Housing and Urban Development to stimulate job growth and business opportunities in areas along the Mexican border.
Under terms of the deal, Accion Texas has been designated as the lead organization and will receives 60 percent of the money while Accion New Mexico Arizona Colorado will receive 40 percent.
According to the agencies, the project is designed to help localâ€¦
Wed, 12 Mar 2014 13:08:00 +0000 Pittsburgh car loans cheaper than national average Car prices are going up, which means buyers are looking at larger and possibly longer-term loans to pay for them.
According to data from GoBankingRates.com, the average rate for three-year and four-year auto loans in Pittsburgh are respectively 2.91 percent and 3.55 percent and both are below the national and Pennsylvania rates. The regionâ€™s five-year average auto loan rate is 3.99 percent, still below the commonwealthâ€™s 4.36 percent average, but above the national one of 3.58 percent.
Wed, 12 Mar 2014 13:04:00 +0000 Sobrato's Rob Hollister on market, entitlements, and what he learned in China From his office at The Sobrato Organization's headquarters on De Anza Boulevard in Cupertino, Rob Hollister has a world-class view of the Apple campus at One Infinite Loop. It's a good reminder of the real estate firm's impact on the Valley -- Sobrato built the iconic campus back in 1993, and today the project, a worldwide tourist destination, it's still considered one of the best in the Valley.
This is part of a story on Silicon Valley's commercial real estate scene. Click here for more.
Wed, 12 Mar 2014 13:04:00 +0000 Tax proposal for Genesis, other health clubs dies in Kansas House The House Taxation Committee of the Kansas Legislature has tabled and doesn't intend to revisit a bill that would provide tax breaks for for-profit health clubs.
The Topeka Capital-Journal reports Genesis Health Clubs' Rodney Steven, of Wichita, was the chief proponent of the bill. He and others said they have to compete directly against YMCA health clubs, which are tax-exempt.
Rep. Les Donovan of Wichita said he might support a different approach to the issue, such as revoking the YMCA's salesâ€¦
Wed, 12 Mar 2014 13:04:00 +0000 Spansion's John Kispert on why the Internet of things changes everything for chipmakers Smartphone? Obviously. Smarthome? Fast-approaching. But what about a smartcity?
Spansion CEO John Kispert sees one of the next big connected-device markets in your hometown. The Sunnyvale chip companyâ€™s customers are working on projects like street lights that function based on movement (and not just when your neighborâ€™s cat stalks by).
Spansion has reinvented itself to home in on the Internet of Things (i.e. connecting many devices to the network). In 2013, two years after emerging from bankruptcy,â€¦
Wed, 12 Mar 2014 13:03:00 +0000 Microsoft adds activist investor to board Microsoft Corp. said it's added activist investor Mason Morfit from ValueAct Capital to its board.
ValueAct, which owns about 1 percent of Microsoft (NASDAQ: MSFT) shares, was expected to gain a member on Microsoft's board. In August a board seat was offered to the company.
"Mason brings valuable insights given his financial background, his extensive experience as a public company director and his perspective as a significant Microsoft shareholder," said John Thompson, chairman of the Microsoftâ€¦
Wed, 12 Mar 2014 13:01:00 +0000 Obama seeks expansion of overtime pay President Barack Obama plans to direct the U.S. Department of Labor to make millions of workers newly eligible for overtime pay, according to a report from the New York Times.
Obama has the authority to revise rules that are a part of the Fair Labor Standards Act. The Times reports Obama plans to end an overtime exemption for employees that many businesses classify as "executive or professional," such as loan officers, computer technicians or fast-food managers.
Wed, 12 Mar 2014 13:01:00 +0000 Credit Karma connects with $85 million Credit Karma, a credit management site that gives people free credit score reports and claims 20 million users, has raised an $85 million round of funding led by Google Capital.
Also in on the round were Tiger Global and prior investors Ribbit Capital and Susquehanna Growth Equity, bringing the total amount of equity financing raised by Credit Karma to date to $118.5 million. Google Capital Partner David Lawee will join Credit Karmaâ€™s board of directors in connection with the deal.