Business

 

 

Irving’s United Development Funding IV to be Acquired by NYSE-Listed Ready Capital

by | Dec 5, 2024
United Development Funding IV provides capital solutions to residential real estate developers and regional homebuilders.
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Dallas College Launches Bitcoin Mining Program Featuring Take-Home Mining Machines
by | Dec 5, 2024
Along with hands-on instruction, Bitcoin Mining program participants will receive powerful industry equipment and materials—including their own mining machine to take home.
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GEICO Taps North Texas for Its Newest Commercial Insurance Operations Hub, Adding 500 New Jobs
by | Dec 5, 2024
GEICO said the expansion follows significant growth in its commercial insurance business over the last 18 months, driven by new products including long-haul trucking insurance.
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Dallas Entrepreneur Seeks to Build Nationwide Compounding Pharmacy Network
by | Dec 5, 2024
Qualthera, a new company founded by entrepreneur Donald Prentiss, has made its first acquisition—Central Drug in Victoria, Texas—and set its sights on Dallas for its second. Prentiss sees an opportunity in the shifting pharmacy landscape, where changes, including downsizing by large chains, have created service gaps that independent pharmacies could fill.
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The Last Word: Pizza Hut’s Elyse Slayton on Her Company’s New Tomato Wine

by | Dec 5, 2024
Think wine just comes from grapes? Plano-based Pizza Hut has poured out an innovative twist that may surprise you. Just before Thanksgiving, the company launched Tomato Wine by Pizza Hut, a limited-edition offering it says "captures the essence of your favorite slice in every sip." The splashy launch has proved so popular, you have to get on a wait list to order some.
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Brinker Appoints Industry Veteran as VP of Marketing at Maggiano’s Little Italy
by | Dec 5, 2024
Parent company Brinker International said that in his new role, Mike Wesley will be instrumental in further amplifying and building the Maggiano's brand as it enters its next era of classic Italian American dining, driving key marketing and promotional strategies.
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Michael Gorton on data centers in space
The Last Word: Dallas Entrepreneur and Investor Michael Gorton on Moving Data Centers — to Space
by | Dec 4, 2024
Dallas-based innovator Michael Gorton, a 15-time entrepreneur and investor, points to a growing challenge: AI, blockchain, and cloud computing are consuming massive amounts of energy in traditional data centers. The terrestrial facilities—often spanning 6 million square feet—can use more power than medium-sized towns. Over the next decade, he notes, nearly a trillion dollars will be invested in power infrastructure improvements just to meet data center demands.
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Collegiate Cricket League Launches Out of Dallas, National Tournament Planned
by | Dec 4, 2024
The CCL's inaugural season will feature student cricket clubs from top universities across the U.S. and Canada—including UT Dallas and UT Arlington—culminating in the first-ever CCL National Tournament with a $50,000 prize and the CCL Trophy.
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Dallas’ Lone Star Funds Closes $3B Acquisition of Carrier’s Commercial and Residential Fire Business

by | Dec 4, 2024
As a result of the transaction, the business will now operate as an independent company under the new name Kidde Global Solutions, Lone Star said.
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Madrid-based SNGULAR Launches New Company Out of Dallas to Revolutionize Construction Management
by | Dec 4, 2024
Dallas-based CEO Borja Roig leads ConnectedWorks, which—after several years of development in collaboration with Madrid's Ferrovial—already has "clients and traction" in countries including the United States, the United Kingdom, Spain, and Chile.
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TriCelta Development Opens New HQ in North Texas
by | Dec 4, 2024
TriCelta Founder and CEO Jake Zwaagstra's portfolio includes projects at Choctaw Casino & Resort in Durant, Oklahoma; The Cosmopolitan Resort & Casino in Las Vegas; and the Signature at MGM Grand in Las Vegas. Now his "boutique firm with outsize impact" has a new home at Watters Creek Village in Allen.
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Patented: Bank of America’s New Browser Security Extension and More North Texas Inventive Activity
Dallas-Fort Worth ranked No. 10 for patent activity out of 250 metros for the week of Nov. 12, with a total of 122 patents granted.
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Pizza Hut Pilots New ‘Digital Forward’ Restaurant Design in North Texas

by | Dec 3, 2024
The Plano restaurant includes self-service kiosks for faster order placement, cabinets for contactless pick-up, and a guest-facing pizza making station to show off the "quality and care" that goes into every Pizza Hut pizza, the company said. There's also a "Hut 'N Go" drive-thru featuring ready-now options.
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East Meets West: Investors, Businesspeople from Japan & Taiwan Take Economic Tour of Texas
by | Dec 3, 2024
The five-day Best of Texas Bus Tour included DFW stops at NTT Data, Toyota Motor North America, and GlobalWafers—with time out for longhorn-riding portraits along the way.
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The Last Word: On the Passing of Dallas Businessman and Philanthropist Pete Schenkel
by | Dec 3, 2024
Pete Schenkel—who owned Dallas-based Schepps Dairy before its sale to Suiza Foods in 2000—led a long, accomplished life of leadership in Dallas before his death Wednesday at age 89. But the former board chair of the State Fair of Texas, DFW Airport, and the Methodist Health System Foundation may be best known for preserving something truly valuable: keeping the Texas-OU game at the Cotton Bowl at least through 2036.
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The Last Word: State Rep. Capriglione on Y’all Street, Digital Assets, and a Texas Bitcoin Reserve
by | Nov 22, 2024

“It’s destined to happen somewhere. I’d rather it happen here first.”

Giovanni Capriglione
Texas State Representative
Chair, Pensions, Investments, and Financial Services Committee
…on the potential for Texas to create a Bitcoin strategic reserve ahead of federal initiatives, speaking at the Texas Blockchain Summit in Dallas this week....

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