Last summer, as the Dallas City Council was briefed on the ins and outs of bringing heavy, industrial processes into a densely populated, urban area, industry boosters like Ed Ireland of the Barnett Shale Energy Education Council assured council members we would know in virtually all cases what was ... More >>
America's for-profit colleges offer education only a con man (or a congressman) could love.
Barbarians in the Ivory Tower
Spencer BaraschWe mentioned this morning that Securities and Exchange Commission Chairman Mary Schapiro was in town speaking to business journalists gathered on the SMU campus. Turns out, during her speech she mentioned something that rings a bell: The failure of the Fort Worth office to shut dow ... More >>
Dallas Area Rapid TransitThe Mockingbird Station along DART's Red Line, which will see expanded rush-hour service beginning April 11Bloomberg News says this morning that higher oil prices may be bad for Texans, but are good for Texas -- especially the so-called Rainy Day Fund Gov. Rick Perry does ... More >>
Blockbuster's slouching toward bankruptcy was easily one of the biggest local business stories of the year; from giant to joke, how the mighty had fallen. But since its Chapter 11 filing early on the morning of September 23, there'd been little to report during its reorganization, save for a noti ... More >>
If you'll recall it was Bloomberg News, not The Wall Street Journal, that broke the news last week that downtown-based Blockbuster was talking to bondholders about extending the video-rental company $150 million in loans should the debt-ridden company have to file for Chapter 11. But as soon as T ... More >>
Blockbuster CEO Jim KeyesA few weeks ago, L.A.-based analyst Stan Manoukian told Bloomberg News that downtown-based Blockbuster "will cease to exist by 2013 for sure," for the most part because its bondholders think the debt-ridden company's worth pennies on the dollar. Now, according to Manoukia ... More >>
Allow me to clean out the been-meaning-to-get-to folder ...This morning I made mention of Jerry Jones walking out of the Marriott Marquis in New York City last night with two Sports Business Journal awards: Sports Exec of the Year and Sports Facility of the Year. Which is relevant to this chitcha ... More >>
Monarch's managing principal Andrew HerensteinStill no word from Major League Baseball concerning its imminent seizure of Your Texas Rangers in order to expedite the sale to Chuck Greenberg and Nolan Ryan's Rangers Baseball Express. But, finally, there's been direct contact with Monarch Alternat ... More >>
A little more than one year ago, Bloomberg News sent Blockbuster's stock price tumbling, from 77 cents to 22 cents, with a report that the Renaissance Tower-based company had hired outside counsel to "explore a possible bankruptcy filing," which Blockbuster quickly dismissed. This morning, Bloomb ... More >>
Texas RangersStill no official word on Tom Hicks hiring Barclays Capital to find a buyer for Liverpool FC. But last night, Bloomberg News posted a story that says creditors, led by Monarch Alternative Capital, may throw up a legal roadblock as Hicks tries to complete the sale of the first-place T ... More >>
At this late date, is there even any need to recount Blockbuster's myriad woes? They are innumerable, but to the list add this one: the possibility of having to file for Chapter 11. CEO Jim Keyes says that's so much nonsense, the doing of attorneys who have to give fair warning. But in the 148-pa ... More >>
News publisher Jim MoroneyLate this evening, Dallas Morning News publisher and chief executive officer Jim Moroney called to discuss editor Bob Mong's memo concerning the paper's new "business/news integration," which has some of the paper's section editors reporting directly to newly assigned ad ... More >>
The latest news about The News should come as absolutely no surprise to anyone who's listened to the paper's publisher and CEO, Jim Moroney, since at least February, when he told Unfair Park that, yes, sooner or later A.H. Belo would "experiment" with finding out how much online readers were will ... More >>
On Friday, Radio Shack issued this terse press release: "As part of its ongoing mobility strategy, RadioShack is pleased to announce that it will introduce Apple's iPhone 3G and iPhone 3GS in a limited number of company-owned stores in the Dallas-Fort Worth and New York City metropolitan areas be ... More >>
Monday's the big day -- the grand opening of the AT&T Performing Arts Center, which kicks off at 8 a.m. with South Pacific star Keala Settle performing the "The Star-Spangled Banner" before AT&T PAC president and CEO Mark Nerenhausen, Mayor Tom Leppert and other city officials play ball. ... More >>
One of the few things folks have seen from Duke Nukem Forever, in the making since 1997According to its Web site, Apogee Software "is considered the founder and father of the local Dallas-area game development community," but it's no more. The PC shareware developer's been dead all of a week now, so ... More >>
The Marcus House as it looked during construction in 1938Nine months ago it looked as though Mark and Patty Lovvorn were going to tear down Stanley Marcus's house on Nonesuch Road, built 71 years ago by Dallas architect Roscoe DeWitt after Mister Stanley told Frank Lloyd Wright to take a flying leap ... More >>
In February, the Dallas Business Journal ran a Q&A headlined "Two Minutes with Saul Meyer," referring to the founder of and partner at Harwood Street-based Aldus Equity. In the piece, Meyer said that what set Aldus apart from other private equity firms is its "degree of governance and tran ... More >>
On Sunday, The Dallas Morning News ran a piece headlined "The last, frantic days of Perot family hedge fund," which detailed how Parkcentral Global Hub Ltd. -- described in the story as "a Bermuda-chartered fund run from Plano and Dallas by the Perot family" -- saw its assets dwindle from $2.5 billi ... More >>
BravoTom Colicchio and Top Chef host Padma LakshmiAs Victory Park proves less and less victorious in recent months, stories have circulated that Tom Colicchio was considering moving out of the W and plying his Craft elsewhere. To which the Top Chef head judge says: Not a chance. Indeed, Colicchio te ... More >>
This morning, Bloomberg News pays a visit to Preston Center, where a certain former president is about to set up shop, and finds that it's quite "popular with lawyers who don't want to be downtown, small accounting firms seeking proximity to wealthy clients, and investors who need office space outsi ... More >>
Jeremy Gerard, a theater critic for The Dallas Morning News some two decades ago, is now a New York-based editor for Bloomberg News, the first media outlet to which George Steel denied he was leaving his new Dallas Opera gig for an opening in New York. This morning, Gerard weighs in on Steel's abrup ... More >>
He denied and denied that he was taking the top spot at the New York City Opera, going so far as to tell Bloomberg News right before Christmas, "I'm not interested in the job at New York City Opera." Well, so much for that. Because not five months after he was tapped to head Dallas Opera, soon to mo ... More >>
Southwest Airlines doesn't feel the Federal Aviation Administration's $10.2 million fine, handed down in March and due last August, is "fair or reasonable." So, you know what, Southwest's not gonna pay it, its spokesperson tells Bloomberg News today. To which the FAA says it's "still talking with" S ... More >>
Whitney Lawson George Steel George Steel just got here -- if that. Just four months ago, he was introduced as the general director of the Dallas Opera, following his celebrated tenure as executive director of the Miller Theater at Columbia University. But long before his new home at the Winspear O ... More >>
Enron's collapse may have been engineered from the top, but low-level employees played parts, too
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