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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: Thu, 26 Apr 2018 10:20:24 +0000

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

As opening deadline approaches, tour the progress at San Pedro Creek (slideshow)

Thu, 26 Apr 2018 10:07:00 +0000

(image) As a young boy, Paul Elizondo grew up fishing in San Pedro Creek. Decades later, the Bexar County Precinct 2 commissioner is one of the key figures overseeing the $175 million project to transform the downtown San Antonio waterway into a new local destination — the San Pedro Creek Culture Park. Click the slideshow to see the progress at San Pedro Creek "It's the restoration of economic vitality of an area of the community that has been long neglected," Elizondo said. "This was a neighborhood.…

Wells Fargo shareholders meeting brings heated debate, more criticism for embattled bank

Thu, 26 Apr 2018 10:00:00 +0000

(image) Wells Fargo & Co. held its annual shareholders meeting in Des Moines, Iowa, on Tuesday — and dull is not the word to describe it. The San Francisco-based bank came under fire Tuesday in light of its ongoing scandals, wherein 3.5 million accounts were created without customers' knowledge and auto-lending and wealth-management customers experienced abuses. Wells Fargo (NYSE: WFC) has entered into consent orders with the Federal Reserve System and, most recently, the Office of the Comptroller of…

Investors brace themselves for disappointing iPhone sales numbers from Apple

Thu, 26 Apr 2018 10:00:00 +0000

(image) Apple shares have declined 8.5 percent since last Tuesday, falling for six days in a row. Shares ended Tuesday down 1.6 percent but bounced back slightly on Wednesday, closing up 0.44 percent. Companies in Apple’s supply chain — notably chipmakers SK Hynix and AMS, and supplier Taiwan Semiconductor Manufacturing — are warning their investors that global demand from their smartphone customers has fallen. And while none of the companies have identified Apple by name, analysts worry that…

Former President George H.W. Bush out of intensive care

Thu, 26 Apr 2018 02:15:05 +0000

(image) Former President George H.W. Bush, 93, has been moved out of intensive care to a regular patient room at Houston Methodist Hospital, spokesman Jim McGrath announced April 25.  He’s expected to continue his recovery in the new room for several more days, per the statement from his office.  “He is alert and talking with hospital staff, family and friends, and his doctors are very pleased with his progress,” the statement notes.  “President Bush naturally thanks everyone for their prayers…

Andeavor, Valero stock prices hit all-time highs

Wed, 25 Apr 2018 23:26:32 +0000

(image) Stock prices for both San Antonio-based refining companies hit all-time highs this week. Andeavor's (NYSE: ANDV) stock was trading at $120.09 as of market close Wednesday, while Valero Energy Corp.'s (NYSE: VLO) stock finished the day at $108.68 per share. The closing prices are among the highest ever for both companies. Andeavor's stock set a company record Tuesday morning at $121.90 per share. The stock reached $119.67 per share under the company's former name, Tesoro Corp., in November 2015…

San Antonio looks to create "innovation zones" to pilot smart city tech

Wed, 25 Apr 2018 20:07:01 +0000

(image) The city is expected to release a request for proposals in the coming year for private sector companies to lead some projects.

Luxury watch maker to open boutique at La Cantera

Wed, 25 Apr 2018 18:50:39 +0000

(image) Luxury watch maker Breitling will open its newest boutique at The Shops at La Cantera on May 10. The Swiss company operates nearly 280 stores across the United States and has been in business since 1884. This will be Breitling's first store in San Antonio. The company operates a few dozen stores in Texas, including two in Austin, seven in Houston, eight in Dallas, and others in Tyler, Midland, McAllen and Beaumont. Breitling has stores across Africa, the Middle East, Central and South America,…

Cullen/Frost Bank's new board member wants to bring 'a different perspective'

Wed, 25 Apr 2018 18:46:35 +0000

(image) Jarvis Hollingsworth was approved as Cullen/Frost Bankers Inc.’s (NYSE: CFR) newest board member Wednesday. Hollingsworth is a partner at Houston-based law firm Bracewell LLP and board chairman for the Teacher Retirement System of Texas, which is the sixth-largest public pension trust with nearly $147 billion in assets. He is also a former regent of the University of Houston System. Hollingsworth is a graduate of the U.S. Military Academy and was an officer in the Army. Hollingsworth said his…

NAI Partners San Antonio appoints new vice president

Wed, 25 Apr 2018 18:00:04 +0000

(image) The San Antonio office of Houston-based NAI Partners appointed Carlos Marquez as its new vice president. Prior to NAI Partners, Marquez worked for CBRE Group Inc.’s San Antonio office, where he oversaw the South Texas industrial market and was responsible for the day-to-day leasing and marketing of IDI Gazeley’s industrial portfolio in South Texas and Reynosa, Mexico, which totals 2.8 million square feet of industrial space and more than 250 acres. Marquez originally opened the McAllen office…

UTSA startup lands funding for winch design

Wed, 25 Apr 2018 18:00:01 +0000

(image) A student-led automotive technology startup won a slice of $100,000 in support at the University of Texas at San Antonio Center for Innovation, Technology and Entrepreneurship competition The Winch Men from the University of Texas at San Antonio made a device that attaches to a vehicle’s winch to ensure the cable coils back in place smoothly after use. The competition, which was created in 2009, matches business students with engineers. The student entrepreneurs were awarded $10,000 for their…