Dallas Business Update

(SUMMARY) Hillwood Multifamily, a subsidiary of Fort Worth-based Hillwood Properties, has begun construction on the second phase of Monterra Village, which is a 130-acre mixed-use community project at Alliance Town Center. The phase includes 262 units with...

(SUMMARY) Apple Inc.'s stock rose $7.85 on Wednesday to close at $476.68 per share — an all-time high. The Cupertino-based company (NASDAQ:AAPL) continued the upward trend it has been on for the past month, boosted by analyst estimates. The company, which owns...

(SUMMARY) Cisco Systems Inc. posted a 44 percent jump in second-quarter profit to $2.2 billion, or 40 cents a share, sending its stock up in after-hours trading. Revenue rose to $11.5 billion from $10.4 billion a year ago. The San Jose networking giant's...

(SUMMARY) Lucid Energy Group LLC has secured a $75 million equity commitment from EnCap Flatrock Midstream that the company will use to pursue greenfield initiatives and acquisitions. Dallas-based Lucid is a startup company that provides energy producers with...

(SUMMARY) Developers of the LBJ Express project have launched a program to help drive customers to businesses along the corridor, which is set for four more years of construction. The LBJ Express Marketplace is a “loyalty initiative” to generate business for...

(SUMMARY) In the area of mergers and acquisitions, it's all about the art of the deal. The Dallas Business Journal each year, in association with the Association for Corporate Growth, recognizes the top deals and honors top dealmakers in the Dallas-Fort Worth...

(SUMMARY) One year after starting construction on the LBJ Express project, developers have completed most of the design work and are about 12 percent done with construction. The LBJ Infrastructure Group LLC, the consortium building the project, began work on...

(SUMMARY) The Dallas area had one of the lowest percentages of foreclosure inventory in 2011, compared with the national average, according to research released Wednesday from Santa Ana, Calif.-based CoreLogic (NYSE: CLGX). The Dallas-Plano-Irving market had...

(SUMMARY) Hotels.com is moving its headquarters, and its 300 employees, to Lincoln Centre off LBJ Freeway from its location off North Central Expressway. The online travel provider has signed a lease for about 46,000 square feet of office space in the...

(SUMMARY) Amazon.com Inc. is expected to announce a Web video deal with Viacom Inc. that would put the companies in competition with Netflix Inc. According to a Reuters story Tuesday, details about the standalone subscription are expected this week. Los...

(SUMMARY) Dallas-Fort Worth is ranked No. 4 on Penske Truck Rental's annual survey of the nation's top 10 moving destinations for the year — following Atlanta, Phoenix and Orlando. The list from Penske was compiled from online consumer truck rental...

(SUMMARY) The Texas Rangers have hired Shayne Kelley to be a Major League staff assistant and to be outfielder Josh Hamilton's accountability partner. Kelley was a longtime assistant college baseball coach and a former strength coach in the Kansas City Royals...

(SUMMARY) GameStop Corp. (NYSE: GME) is offering its first quarterly dividend of 15 cents a share. The Gapevine-based company will pay the first quarterly dividend March 21 to shareholders as of Feb. 21. GameStop said it in now debt free. Shares of GameStop...

(SUMMARY) In an apparent change of heart, banks are offering $20,000 or more to troubled homeowners to avoid costly foreclosures. Lenders are offering the incentives to spur a short sale, in which a home is sold for less than the mortgage, or a deed-in-lieu of...

(SUMMARY) The iPhone helped Sprint gain customers in the latest quarter but also forced the carrier to post its largest loss in three years. Sprint Nextel Corp. (NYSE: S) lost $1.3 billion, or 43 cents per share, in the fourth quarter. That compares with a...

(SUMMARY) Apple Inc. has asked for international telecommunications standards to be established over how companies license their patents as legal battles mount around the world over mobile technology ownership. The Cupertino, Calif., company (NASDAQ:AAPL) sent...

(SUMMARY) Dallas-Fort Worth is one of 11 metropolitan areas in the Sunbelt that have posted job gains in the past decade, according to an analysis of preliminary data from the U.S. Bureau of Labor Statistics by On Number. On Numbers determined that only 12 of...

(SUMMARY) Most of a Victory Park condo project was sold back to its lender for $32 million at Tuesday's Dallas County foreclosure auction along with a nearby retail site for $3.5 million. HSH Nordbank AG, a lender based in Germany, bought the project's 112...

(SUMMARY) After 17 years as Richardson's city manager, Bill Keffler announced Tuesday that he will retire at the end of May. Keffler has worked for the city for 35 years. No successor has been named. Mayor Bob Townsend said that much of the city's success was...

(SUMMARY) The Dallas Independent School District could lose $79 million in federal funding if it fails to comply soon with requirements to provide tutoring to students at struggling schools. The Dallas Morning News reported that the warning came from the Texas...