Houston Business Journal articles from January 1993

Houston Business Journal archives from January 1993

Bank United: financial powerhouse emerges from ashes of defunct thrift. (BankUnited, A Savings Bank)
January 25, 1993... Ex-Citicorp chief executive Barry C. Burkholder exudes a cool efficiency befiting his role as the principal architect behind one of the most remarkable success stories to emerge from the thrift debacle. As Burkholder describes the events that...

Growing apartment protests pit developers against homeowners.
January 25, 1993... Five projects trigger opposition from neighborhood activists A hot political issue is unleashing primitive emotions and wild rhetoric, pitting Houstonian against Houstonian and threatening to divide neighborhoods. The controversy? New...

Rival publications join slick crowd in pursuit of Houston arts patrons. (Houston, Texas) (Industry Overview)
January 25, 1993... One of Houston's narrowest publishing niches is attracting a crowd of competitors. Earlier this month, Houston-based Lea Publishing Company Inc. announced plans to unveil Greater Houston Performances Magazine, a slick bi-monthly aimed at...

New public health care company cuts deal to buy imaging centers. (ImageTrust Inc.; magnetic resonance imaging facilities)
January 25, 1993... ImageTrust plans for expansion in MRI market A health care company that hit the stock market late last year has cut a deal to acquire four separate outpatient imaging centers. ImageTrust Inc., which began trading over-the-counter in...

Houston biotech company goes public with undeveloped product. (Energy BioSystems Corp.)
January 25, 1993... Energy Biosystems pitches process for removing sulfur from fossil fuels A Houston-based biotechnology company with a losing financial track record and no proven product to sell is heading into the securities market. Energy Biosystems...

Mitchell Energy & Development Corp. (Proxy Report Excerpts) (Company Profile)
January 25, 1993... AMEX, Pacific MND 2001 Timberloch Place, The Woodlands 77387 (713) 377-5500 Mitchell Energy & Development Corp. is one of the nation's largest independent producers of natural gas and liquid hydrocarbons and is a leading real estate...

Builder battling school district in dispute over land annexation. (John Niday, Jr.; Pasadena Independent School District)(includes related article)
January 18, 1993... If you give developer John Niday Jr. a choice, children living in his new houses would go to Pearland schools. Niday plans to build in Green Tee Terrace, an affluent Pearland subdivision. While most of Green Tee is in the Pearland Independent...

Gulf of Mexico roars back to life as offshore fleet returns to work; rig count climbs, dayrates soar in dramatic turnaround. (Industry Overview)
January 18, 1993... A Dramatic Turnaround in Dayrates Average Average Type of Dayrate in Dayrate in Equipment June 1992 January 1993 300-foot...

Cyberonics sells stock investors on epilepsy products. (Cyberonics Inc.)
January 18, 1993... Despite Wall Street's wariness about the health care industry under the upcoming Clinton administration, a Houston-based biotechnology company is headed for the stock market. Cyberonics Inc. developed and manufactures the NeuroCybernetic...

Taking to the streets: homeowners protest proposed apartment project.
January 18, 1993... Angry homeowners in west Houston took to the streets last week and staged a demonstration on the site of a proposed apartment project. Residents of the Wildwood Cluster Homes and Westchester subdivisions marched with picket signs to protest a...

Go fish: Atlantis investor floats plan to build aquarium on coliseum site. (World of Atlantis Inc.; Sam Houston Coliseum and Music Hall, Houston, Texas)
January 18, 1993... The City of Houston is asking all comers to submit proposals outlining their plans for the old Sam Houston Coliseum and Music Hall site. At stake is a long-term lease on a downtown property with bayou frontage. The site is also just steps...

Compass completes acquisition in stock swap with Dallas bank. (Compass Bancshares Inc.; First Western National Bancshares)
January 18, 1993... First Western shareholders vote for merger after rejecting original offer Houston-based Compass Bancshares Inc. has continued building its fleet of banks in Dallas by acquiring First Western National Bancshares, a bank whose stockholders...

Critical Industries falls from top, files for Chapter 11 bankruptcy. (Critical Industries Inc.)
January 18, 1993... Environmental firm soared to success in asbestos abatement boom Houston-based Critical Industries Inc. filed for Chapter 11 bankruptcy this month, claiming the company was unable to negotiate its obligations with its principal secured...

W.L. Foley Building: 214-218 Travis St. (Houston Heritage)
January 18, 1993... Thanks to the generosity of William L. Foley, two young men were able to launch a tiny venture that eventually blossomed into the chain of modern-day Foley's Department Stores. But Foley was a household name even before James A. and Pat C....

DI Industries Inc. (Proxy Report Excerpts) (Company Profile)
January 18, 1993... AMEX DRL 450 Gears Road, Suite 625, Houston 77067 (713) 874-0202 DI Industries Inc. provides onshore contract drilling in the oil and gas industry, workover and remedial work for existing wells, caissons for bridges, highways and...