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Formula One Austin picks president


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austin

Published Feb. 22, 2011 at 12:00 a.m.
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Former Churchill Downs Entertainment President and CEO Steve Sexton was picked to lead the local Formula One United States Grand Prix management team.Sexton, also former president of the Churchill Downs racetrack, assumed the same position with Formula One Austin on Feb. 18. Organizers have planned a $250 million, 3.4 mile track and associated development in Austin for races beginning in 2012. It will accommodate 120,000 fans at full build-out.“Steve brings more than 25 years of major sports

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Austin's WhiteGlove Health raises $12.5M


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Published Feb. 22, 2011 at 12:00 a.m.
932446-austin-s-whiteglove-health-raises--12-5m

WhiteGlove House Call Health Inc. has raised $12.5 million to accelerate its national expansion, officials announced in a press release.The Austin-based health care firm, founded in 2007, provides routine care to members at home or the office. WhiteGlove had previously raised a total $15 million and recently expanded out of state for the first time. Officials have said the company plans to grow to at least 20 new markets this year. It expanded to Arizona and Massachusetts last November."Over the

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Keller Williams profit share rises 7.2%


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austin

Published Feb. 22, 2011 at 12:00 a.m.
932447-keller-williams-profit-share-rises-7-2

Austin-based Keller Williams Realty Inc. distributed $34.6 million to associates last year, the company reported on Monday.The realty franchise increased its profit share to associates 7.2 percent last year compared with 2009, bringing its total to $304 million since the program was launched. The company reported a total 79,315 associates in 701 offices nationally last year.Keller Williams has increased personnel by 30 percent in the last six years, adding 40 percent more offices and closing 21

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Spoon added to Texas Film Hall of Fame Awards


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austin

Published Feb. 21, 2011 at 6:40 p.m.

Our colleagues in the Austin Movie Blog have the details on the show, which is March 10 and also includes Renee Zellweger, Rip Torn and the cast from “Friday Night Lights.” Spoon will get the Soundtrack award ...

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Schematic Yesterday, Possible Today


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Published Feb. 21, 2011 at 12:00 a.m.
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In the wake of global communication powerhouse WPP Group merging its four digital agencies, local exec Marc Swearengin sounded off on the change.The new firm, Possible Worldwide, combines Schematic, Bridge Worldwide, BLUE and Quasar. The agency operates 18 offices with about 1,000 staffers around the world.Marc Swearengin, who led Schematic’s Austin office, is now general manager of Possible Worldwide. He said the new global business model has implications for Austin. Day to day operations

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Treaty Oak Bank, Community State Bank sales close


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Published Feb. 21, 2011 at 12:00 a.m.
926934-treaty-oak-bank--community-state-bank-sales-close

Two Austin banks are now owned by Fort Worth-based Carlile Bancshares Inc.The acquisition of Treaty Oak Bank was finalized on Feb. 9 and Community State Bank on Feb. 10. The two banks will merge and operate using the Treaty Oak name, Treaty Oak CEO Jeff Nash wrote to shareholders last week.During a Jan. 26 meeting, shareholders approved the deal with Carlile for a $1.3 million payment with nearly half earmarked for repayment of a $500,000 loan from the U.S. Department of Treasury. Bank

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AmeriCorps launches in Austin with $221K grant


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Published Feb. 21, 2011 at 12:00 a.m.
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Austin has become the eighth Literacy AmeriCorps operating site thanks to $221,000 grant.This money will pay for 15 full-time AmeriCorps staff to provide literacy services from 13 different provider agencies including iACT, Any Baby Can, American Youthworks, Austin Academy, Austin Learning Academy, Christian Women Job Corps, Communities in Schools, Community Action Inc., El Buen Samaritano, English at Work, Foundation Communities, LifeWorks and Manos de Cristo.“We are excited about this

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Seton partnership running Cyberknife program


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Published Feb. 21, 2011 at 12:00 a.m.
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The Seton Family of Hospitals is teaming up with U.S. Radiosurgery to manage and operate the CyberKnife program at University Medical Center Brackenridge.Seton’s partnership with U.S. Radiosurgery, a Nashville, Tenn.-based company that develops and operates radiological centers, will allow for the expansion of the Austin CyberKnife LLC program. The company, founded last year, developed a computer-controlled radiosurgery system that is designed to deliver radiation to tumors in the brain, spine

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Luminex, SolarWinds make fastest-growing tech list


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Published Feb. 21, 2011 at 12:00 a.m.
928729-luminex--solarwinds-make-fastest-growing-tech-list

Austin-based Luminex Corp. and SolarWinds Inc. made Forbes magazine’s list of the 25 Fastest Growing Technology Companies in the United States based on sales.The magazine examined more than 5,000 technology firms with at least $25 million in sales and 10 percent growth from the previous year. Participants were also assessed on their long-term share price growth, and those with legal or accounting issues were excluded. Once screened, the final rankings are based on five-year sales growth, which

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Telecoms vie with Google, others for mobile payments


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Published Feb. 21, 2011 at 12:00 a.m.
928730-telecoms-vie-with-google--others-for-mobile-payments

Google Inc. is one of the companies in a race with mobile operators and phone companies for the future of mobile payments, according to a report Monday.Bloomberg reported that Deutsche Telekom AG and France Telecom SA are looking to let people swipe their mobile phones to make payments at markets and other places.The mobile operators lost the earlier battle for online applications stores to Google and Cupertino, Calif.-based Apple Inc. (Nasdaq:AAPL), both of which have an Austin presence, but

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