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Preview: San Antonio Business News - Local San Antonio News | The San Antonio Business Journal

San Antonio Business News - Local San Antonio News | The San Antonio Business Journal

View Breaking Local News Headlines in San Antonio from the San Antonio Business Journal. Access business resources, company profiles, business advice columns, local jobs and more.

Published: Sat, 10 Dec 2016 16:34:09 +0000

Copyright: American City Business Journals, Inc. and its licensors. All rights. reserved.

St. Philip's College offering scholarships to help ex-Career Point, ITT Tech students

Fri, 09 Dec 2016 20:58:32 +0000

(image) St. Philip's College will give scholarships to qualified applicants who enroll during its second of two free holiday season enrollment fairs specifically for former students of Career Point College and ITT Technical Institute. The enrollment fair will be from 1 to 5 p.m. on Dec. 12 in the college’s Welcome Enrollment Center at 1801 Martin Luther King Dr. Representatives from the Alamo Colleges will be present, said Mordecai Brownlee, the college's vice president of student success, in a news release. Career…

Rigs deployed as optimism surges in the Eagle Ford, Permian Basin

Fri, 09 Dec 2016 20:47:11 +0000

(image) A decrease in crude oil inventories coupled with an increase in prices has meant more rigs out on the field. Figures from the Baker Hughes Rig Count released on Friday afternoon show that the Eagle Ford Shale added three new drilling sites while the Permian Basin added 11 new rigs. Two weeks ago, OPEC announced production cuts that sent oil prices above the $50 per barrel mark. Although it will takes months of oil prices staying above that mark to see any dramatic increase in activity, Friday's…

SA businesses to help promote UTSA’s first bowl with “Orange Friday”

Fri, 09 Dec 2016 20:41:56 +0000

(image) City Councilman Ron Nirenberg, a Trinity University graduate whose district includes the University of Texas at San Antonio main campus, has declared Dec. 16 "Orange Friday." It's part of a larger effort between UTSA officials, city leaders and area businesses to help support Roadrunners football and the program's first bowl game appearance the following day in Albuquerque, New Mexico. As part of the buildup for UTSA's matchup against the New Mexico Lobos in the Gildan New Mexico Bowl, several…

San Antonio businesses organizing to defend NAFTA under Trump administration

Fri, 09 Dec 2016 19:25:23 +0000

(image) Just a few weeks before President-elect Donald Trump is be sworn into office, members of San Antonio's business community are organizing and educating themselves to defend the North American Free Trade Agreement. The San Antonio Business Journal ran a Dec. 2 cover story featuring members of the business community bracing themselves for Trump's proposal to either renegotiate NAFTA or to scrap it. But with a number of San Antonio-based companies depending on the 24-year-old trade deal and its cross-border…

Texas in line for piece of drug maker's $19.5M settlement in deceptive trade practices case

Fri, 09 Dec 2016 14:56:53 +0000

(image) Pharmaceutical giant Bristol-Myers Squibb Co. will pay a little more than $1 million to Texas as part of a $19.5 million, 42-state settlement over allegations of deceptive trade practices. The allegations focused on the company’s antipsychotic drug Ability and accusations the company marketed the drug to children and to patients diagnosed with dementia and Alzheimer's disease. But the drug did not have FDA approval to be marketed that way. The drug, released in 2002, was originally approved to…

Oil and gas: upstream without a paddle?

Fri, 09 Dec 2016 06:00:00 +0000

(image) The current downturn has been difficult for everyone in the energy sector, but none have been hit harder than small upstream firms. As oil slogs through a second year of depressed prices, exploration and production (E&P) operators continue their search for relief in a market where positive indicators come and go like mirages on the Texas plains. Do you feel like you’re upstream without a paddle? These tips will help you weather a challenging energy landscape: 1. Take a deep breath First, remind…

Texas Innovations in Health Care: How forward-thinkers in the state are shaping the future of medicine, biotech

Fri, 09 Dec 2016 00:46:10 +0000

(image) The Texas Business Journals in San Antonio, Houston, Dallas and Austin are proud to bring you our inaugural edition of Innovations in Health Care, highlighting significant developments in this industry that have taken shape in our state’s four largest cities over the last year. It is the result of reporters across Texas collaborating to bubble up some of the important people, places and companies advancing the health care sector. The population in Texas has been growing steadily, organically and…

How some local business leaders moved the needle on Uber and Lyft contracts

Thu, 08 Dec 2016 18:48:34 +0000

(image) The rollercoaster ride of regulating ride-hailing mobile apps Uber Technologies Inc., Lyft Inc. and Get Me LLC, in San Antonio appears to be over — at least until next year. The needle appears to have been moved by some business leaders in San Antonio that have been pushing for the ride-hailing app companies to stay. Hispanic Chamber of Commerce President and CEO Ramiro Cavazos stood in front of City Council this morning to pledge support for the new contract. "We think that competition is good…

Home values surge in Texas, fizzle out West

Thu, 08 Dec 2016 17:33:55 +0000

(image) As 2016 comes to a close, one thing has become increasingly clear throughout the year — everything is bigger in Texas, even its growth in home prices. In San Antonio, prices and sales volume have consistently surpassed records the city's housing market had just finished breaking, and with inventory levels remaining at historically low levels, those increases aren't expected to subside anytime soon. National reports and publications such as Forbes, and Zillow, among others have listed…

SA-based global biotech company halts plans to launch IPO

Thu, 08 Dec 2016 17:10:34 +0000

(image) If San Antonio is going to expand its list of public companies, it’s going to have to do so without Acelity LP. The global biotech company, which has its corporate headquarters in the Alamo City, has decided to end its pursuit of an initial public offering — at least for now. Acelity, which operates multiple wound-care and regenerative medicine companies — including KCI, LifeCell and Systagenix Transition — has filed an application with the Securities and Exchange Commission to withdraw…