Houston Business Journal articles from June 1996

Houston Business Journal archives from June 1996

Amoco/Enron Solar deals for Hawaiian power plant. (Amoco/Enron Solar Power Development)
June 7, 1996... Amoco/Enron Solar Power Development is negotiating with a Hawaiian utility to build a 4-megawatt solar power plant in the Hawaiian islands next year. If the discussions with Hawaiian Electric Co. are successful, the Houston-based partnership...

For some shop owners, bagel boom turns to bust.
June 7, 1996... There's a hole forming in Houston's bagel market as a handful of bagel stores begin to close up shop. Three local bagel chains have been forced to call it quits after an onslaught of newcomers invaded Houston with pledges to open scores of...

Childtime grabs up six local centers. (Childtime Children's Centers Corp.)
June 7, 1996... An offspring of baby foods giant Gerber Products Corp. has entered the local child care market, snatching up eight child care centers including the entire Houston-based chain of Learning Cottages Inc. Michigan-based Childtime Children's Centers...

IKON acquires Global Services, but name remains same for now. (IKON Office Solutions)
June 7, 1996... It's a done deal for Houston-based Global Services Inc. and its suitor, IKON Office Solutions. After eight months of negotiations, IKON completed the acquisition of Global Services last week, making IKON one of the largest office machine...

'Las Vegas Luigs': Global Marine riding high as chairman's gambles pay off. (Global Marine Inc. Chmn., Pres. and CEO C. Russell Luigs)
June 7, 1996... Russell Luigs is a gambling man. He gambled that his offshore drilling company, Global Marine Inc., would survive the oil bust and subsequent bankruptcy, that his foray into turnkey drilling would work - and that every time he flies his...

Data Projections: 'growth by keeping up.' (Data Projections Inc.)(Growth Strategies)
June 7, 1996... Until a couple of years ago, Linda Carole Zaleski wouldn't use her married name professionally. She didn't want anyone to think that the company she owns with her husband, Bill Zaleski, was just a another mom-and-pop operation. It turns out...

Iomega stock keeps zipping along after company creates new standard. (Iomega Corp.)(Growth Strategies)
June 7, 1996... Perhaps you have seen the headlines in business newspapers and magazines - the stock of the formerly small niche computer peripheral hardware manufacturer, Iomega, has gone utterly berserk - through the stratosphere. This is what happens to a...

Lyondell Petrochemical Co. (Proxy Report Excerpts)(Company Profile)
June 7, 1996... NYSE LYO 1221 MKINNEY STREET, HOUSTON 77253-3646 (713) 652-7200 Lyondell Petrochemical Co. is among the nation's largest and most efficient petrochemical producers. Total shares of common stock outstanding as of March 15, 1996 80,000,000...

Hernandez wins award for entrepreneurial success. (Hernandez Engineering Inc. founder Mike Hernandez)(Small Business Monthly)
June 7, 1996... After working for the National Aeronautics and Space Administration for more than a decade, Mike Hernandez, winner of the SBA award for Entrepreneurial Success, saw business opportunities in the international conquest of space. In 1983, he and...

BMC Software eyes new building to house fast-growing operations. (BMC Software Inc.)
June 14, 1996... Less than three years after developing a mammoth new headquarters building in the Westchase area, BMC Software Inc. is considering building another facility on the site to handle its explosive growth. Houston-based BMC, a developer of mainframe...

NGC decides on downtown as new home for 700 employees. (NGC Corp.)
June 14, 1996... Houston-based NGC Corp. ended months of anticipation this week when it announced it would move its headquarters from northwest Houston to downtown. In what will be the largest suburban-to-downtown move in at least three years, NGC will...

Proposed CRSS-Phillips lignite plant would be first in a decade. (CRSS Inc.; Phillips Coal Co.)
June 14, 1996... When CRSS Inc. of Houston reached a preliminary agreement with the Tennessee Valley Authority to build a $470 million lignite-fired power plant in Mississippi, it was making news on two fronts. First, the project would be the first new lignite...

Cashing in on the year 2000. (COREStaff Inc. president Michael Willis)
June 14, 1996... Michael Willis is using the ups and downs of information technology to put fast-growing Corestaff in the forefront of placement firms Michael Willis can't wait until the Year 2000 arrives. The president of newly public CoreStaff Inc. - one of...

A plethora of plastics: sale of colored acrylic sheets brings rousing revenues. (A and C Plastics Products Inc.)
June 14, 1996... Sale of colored acrylic sheets brings rousing revenues Although Carolyn Faulk had a memorable stint as a teacher, she's had a more extraordinary career as a student. A small-town girl with an accent to match, Faulk has been a student of...

Retail firm ready to go public again; Stage Stores has new look with second IPO. (Stage Stores Inc.; initial public offering)
June 21, 1996... Stage Stores has new look with second IPO After putting an initial public offering on hold for four years, the parent company of Palais Royal and Bealls Department Stores has assembled a new management team and is ready to try the equity market...

Kent Electronics, Frito-Lay plan major expansions in Fort Bend County; pair of projects will bring 450 new jobs. (Kent Electronics Corp.; Frito-Lay Inc.)
June 21, 1996... Pair of projects will bring 450 new jobs Two expected but long-awaited expansion projects were announced this week which will bring nearly 450 new jobs and 480,000 square feet of new construction to Fort Bend County. Houston-based Kent...

Boss man of the corporate barbecue pit. (Luther's Bar-B-Que Inc. President and CEO Mike Jolley)
June 21, 1996... Mike Jolley has Luther's smoking again after rocky times for the restaurant chain Mike Jolley stands out in sharp contrast to the typical chief executive officer of a $32 million corporation. Jolley, 37, often rides to work on his prized...

Copy center outsourcing trend takes high-tech turn.(Focus on Business Communications & Equipment)
June 21, 1996... Photocopying used to be so simple. A single sheet or stack of letter-sized documents was fed into one end of a copier and black-and-white, same-sized duplicates slid slowly out the other. Today, high-tech, high-speed, high-cost machines exist...

Sanifill Inc. (Proxy Report Excerpts)(Company Profile)
June 21, 1996... 2777 ALLEN PARKWAY, SUITE 700, HOUSTON 77019 (713) 942-6200 Sanifill Inc. is dedicated to providing quality service with integrity in the management and disposal of nonhazardous waste. Total shares of common stock outstanding as of March 21,...

Dallas waste giant moving to Houston. (USA Waste Services Inc.)
June 28, 1996... CEO returns, bringing $1.3 billion company to compete with former firm A former Houstonian is moving back to town from Dallas, bringing his billion-dollar waste management company with him. USA Waste Services Inc., headed by Chief Executive...

New owners quickly take Crown acquisition public. (Crown Services Inc.)
June 28, 1996... Three months after acquiring Houston-based Crown Services Inc., a trio of former executives from Browning-Ferris Industries Inc. are using the company as a public springboard to launch a national network in the home service industry. American...

Expanding electrical company moves headquarters to Houston. (Bath Electrical Systems Inc.)
June 28, 1996... An electrical testing and maintenance company is moving its headquarters to Houston after nearly 25 years of operation in Clute. Bath Electrical Systems Inc. will shut down its LaPorte facility on Aug. 1 and move to a 11,750-square-foot...

Plains Resources Inc. (proxy excerpts)(Company Profile)
June 28, 1996... AMEX PLM 1600 SMITH STREET, SUITE 1500, HOUSTON 77002-7346 (713) 654-1414 Plains Resources Inc. is an independent energy company engaged in the acquisition, exploitation, development, exploration and production of crude oil and natural gas....