воскресенье, 30 сентября 2012 г.

BAYLOR UNIVERSITY HONORS TOP TEXAS FAMILY BUSINESSES.(Awards list) - States News Service

Waco, Texas -- The following information was released by Baylor University:

Baylor University's Institute for Family Business will honor the 2012 Texas Family Business of the Year award winners and finalists at an awards banquet on Thursday, Nov. 8 at the University's Bill Daniel Student Center.

The program recognizes outstanding firms whose families demonstrate a commitment to each other and to business continuity, and who are responsive to the needs of their employees, communities and industries. Entries are judged on the following criteria: family involvement, community and industry involvement, and business success and succession.

'Considering all the recent pressures which have fallen upon business owners - economic downturn, the new healthcare expense issues and enormous regulatory restraints, it is really difficult to operate profitable businesses these days,' said J. David Allen, director of the John F. Baugh Center for Entrepreneurship at Baylor's Hankamer School of Business.

'When family issues are added to the mix great skill and judgment are required to remain successful. We really value, respect and honor family businesses that can balance all the issues, business and family, and continue to operate successful businesses. They are truly remarkable,' he said.

This year's winners are:

Small Family Business of the Year - All-Star Martial Arts and Fitness, Inc. - Cypress

Medium Family Business of the Year - Claffey Pools, Inc. - Southlake

Large Family Business of the Year - Johnson Roofing, Inc. - Waco

Community Commitment Award - The Dwyer Group - Waco

Family Values Award - Sabine Pipe, Inc. - Kilgore

Fastest Growing Award - Image Hospitality - Frisco

Well-Managed Award - DW Distribution, Inc. - Desoto

Founders Award - O'Day Drilling Company, Inc. - Rosharon

Heritage Award - Pendery's Taste Merchants - Dallas/Fort Worth

Finalists in the competition are: Advanced Chemical Logistics, Ltd., Richland Hills; Alloy Metals and Tubes International, Inc., Houston; Auto Exam, Inc., Houston; Billy's Automotive Service, Fort Worth; Brasher Motor Company of Weimar, Inc., Weimar; Broome Welding Company, Inc., Galveston; Hakim Sons Films, Inc., Dallas; Modern Method Gunite, Inc., Houston; Texas Disposal Systems, Austin; White and Associates Real Estate Services, Grand Prairie.

Through the Texas Family Business of the Year program and other activities, the Institute for Family Business fulfills its mission to provide a forum for the development and dissemination of information relevant to the health and continuity of family businesses. Other educational and planning programs available to family business owners through the Institute include special interest seminars and entrepreneurship training classes.

ABOUT BAYLOR UNIVERSITY

Baylor University is a private Christian university and a nationally ranked research institution, characterized as having 'high research activity' by the Carnegie Foundation for the Advancement of Teaching. The university provides a vibrant campus community for approximately 15,000 students by blending interdisciplinary research with an international reputation for educational excellence and a faculty commitment to teaching and scholarship. Chartered in 1845 by the Republic of Texas through the efforts of Baptist pioneers, Baylor is the oldest continually operating university in Texas. Located in Waco, Baylor welcomes students from all 50 states and more than 80 countries to study a broad range of degrees among its 11 nationally recognized academic divisions. Baylor sponsors 19 varsity athletic teams and is a founding member of the Big 12 Conference.

ABOUT HANKAMER SCHOOL OF BUSINESS

суббота, 29 сентября 2012 г.

Dennehy's family gathers his belongings as police suspend search.(The Dallas Morning News) - Knight Ridder/Tribune News Service

Byline: Lee Hancock and Matt Stiles

WACO, Texas _ Patrick Dennehy's family began the grim task of sorting through his belongings Wednesday as police briefly suspended the search for his body in rural McLennan County.

'We're exhausted, tired trying to get all this done. It's more than we expected,' his mother, Valorie Brabazon, said in a phone interview from Dennehy's apartment at the edge of the Baylor University campus. 'And it's very emotional, you know, trying to pack up your son's clothes like this.'

Waco police Sgt. Ryan Holt said detectives investigating the Baylor basketball player's slaying decided against mounting a renewed search Wednesday on a farm-to-market road about five miles southeast of Dennehy's apartment.

They had gone there Tuesday after authorities said former teammate Carlton Dotson, now charged with murder, described the area as the place where he left Dennehy's body after shooting him last month.

But hours of searching in the water-logged pit and surrounding dirt piles with horses, helicopters and foot patrols turned up nothing.

'They [the detectives] did not go out today,' Sgt. Holt said Wednesday. 'They decided it's time to take a breather and see where the case is at.'

Dotson remained jailed Wednesday in Chestertown, Md., where authorities scheduled an extradition hearing for him on Aug. 19.

Dotson's lawyers have said they are fighting his transfer to Texas as a strategic move while they prepare motions challenging his mental competency and seek his transfer to a mental facility.

Wednesday, Dotson's lead attorney, Grady Irvin Jr., asked that Maryland authorities provide him information from a mental health evaluation performed on his client after he was booked into the Kent County jail.

Police say Dotson, 21, who lost his athletic scholarship in April, has admitted killing his best friend and former roommate, but investigators have not announced a motive. Dotson of Hurlock, Md., has denied making a confession in his statement to authorities Monday night, the day after he went to a hospital and said he needed a mental evaluation.

On Wednesday, Kent County, Md., authorities released to The Associated Press a transcript of two 911 calls that Dotson made Sunday, asking to meet with police. 'I'm not wanted by them, but um, but I, uh, I mean, they, they want to keep close tabs on me,' he told the dispatcher, who sent officers to pick him up.

Family arrives

Dennehy's mother, stepfather and 14-year-old half-sister, from Carson City, Nev., flew to Waco on Tuesday night along with his longtime girlfriend, Jessica De La Rosa of Albuquerque, N.M.

They headed to Dennehy's third-floor apartment Wednesday morning, trailed by a crew of TV cameras and reporters.

'We want to do something as a family, not as a circus,' stepfather Brian Brabazon said, pleading for privacy.

They then spent the day sorting through belongings and loading boxes.

Brabazon said their first steps into the four-bedroom apartment were tough.

'We were emotional at first, and then we just started going through things and giving the history of the stuff, telling stories to each other about Patrick,' he said.

'It was Patrick's apartment _ a lot of clothes and a big mess,' he said, laughing as he described the jumble of papers, books and other items.

'There were a couple of (rapper) Tupac Shakur posters on the wall, this hologram of him as a catcher when he played baseball hanging up.

'It was normal,' he said.

A minister from Baylor who has stayed in contact with the family since Dennehy's disappearance in mid-June was among those who came by to offer support, Mrs. Brabazon said.

She said the family had no plans to meet with Baylor officials and might not even have time to go on the campus. But they hoped to visit with police detectives after finishing their work at the apartment _ one of dozens in a sprawling, well-manicured complex adjacent to the gold-domed Ferrell Center where Dennehy had hoped to become a basketball star.

Mrs. Brabazon said she wanted to hear personally from investigators about their efforts to find her son.

'They're going to have to find him,' she said. 'We're going to sit on them to make sure. There's got to be some closure here _ somewhere.'

Waco city officials, meanwhile, released documents indicating that a judge had issued an arrest warrant May 29 for Dennehy, after he failed to appear in municipal court.

According to the records provided under the state's open records law, police issued

Dennehy a citation for not wearing a seat belt on the evening of May 3 as he was riding in a black 1998 Jeep Cherokee. Dennehy owed the city a $235 fine for the citation and for not appearing in court within 10 days.

Speaking of prayer

In another development, a couple who had befriended Dennehy and Dotson this spring said Dotson had called them Saturday and talked strangely about religion and prayer.

Tammy Cox, who with her husband, Darron, got to know the players after they visited the couple's farm to look at pit bull puppies, said Dotson talked about religion _ a topic he had never discussed before.

'Carlton said, `I'm going to pray for y'all. He's never said anything like that,' she said, adding that Dotson has called them at least four times since Waco police began looking for Dennehy but did not discuss the investigation Saturday.

'Darron said he just didn't sound right. When you get to know someone pretty well, you can tell by the way people are acting that they are bothered by something,' Cox said.

The two players last went to the farm near Waco on June 10, around the time they began telling friends they felt threatened. They had often visited to look at the pit bulls, fish and play basketball with the Coxes' three children.

Police searched the 50-acre property twice last month, and Hill County authorities said an area around it was briefly searched in connection with the case Tuesday morning.

Cox said the family is now struggling with what police are saying Dotson did.

'There's no reason for him to have shot Patrick, if he did,' she said. 'But I'm trying to think, `Carlton, why in the hell would you do that?''

___

Staff writer Robert Dodge in Chestertown, Md., contributed to this report.

___

Visit The Dallas Morning News on the World Wide Web at http://www.dallasnews.com/

Distributed by Knight Ridder/Tribune Information Services.

пятница, 28 сентября 2012 г.

ON CAPITOL HILL: AAFP PRESIDENT PROPOSES BLENDED PAYMENT MODEL TO FIX MEDICARE PAYMENT SYSTEM. - States News Service

LEAWOOD, KS -- The following information was released by the American Academy of Family Physicians:

By James Arvantes * Washington, D.C.

5/10/2011

In the ongoing battle to fix the Medicare payment system for family physicians, the AAFP took its message to Capitol Hill on May 5, when the Academy was invited to testify before a House panel about alternatives to the sustainable growth rate, or SGR, formula.

During May 5 testimony before the health subcommittee of the House Energy and Commerce Committee, AAFP President Roland Goertz, M.D., M.B.A., of Waco, Texas, proposes an alternative to the current sustainable growth rate formula for Medicare payment.

Congress has to enact a Medicare physician payment system that provides greater support for team-based primary care and the patient-centered medical home, or PCMH, through a blended payment model, AAFP President Roland Goertz, M.D., M.B.A., of Waco, Texas, told the health subcommittee of the Energy and Commerce Committee, during the hearing here.

'Congress, understandably, is most concerned with controlling federal expenditures for health care, especially given the rapidly rising costs for Medicare,' said Goertz during his testimony (12-page PDF; About PDFs). However, 'There is growing and compelling evidence that a health care system based on primary care will help control these costs, as well as increase patient satisfaction and improve patient health,' he added.

'Simply reforming the fee-for-service system, which undervalues preventive health and team care coordination, cannot produce the results that Congress and patients require,' said Goertz. He proposed a blended payment model that contains three elements:

some fee-for-service payments;

a care coordination fee that compensates physicians for their expertise and the time required for primary care activities, which are not paid for currently; and

performance bonuses based on a voluntary pay-for-reporting/performance system, and for care team members and services that are not eligible for fee-for-service billing.

Goertz, acknowledging that it will take time to transition to a blended payment model, called for a five-year transition period with mandated payment updates that incorporate higher rates of at least 2 percent for primary care physicians for Medicare fee-for-service payments.

In addition, he noted, Congress should continue to pay the primary care incentive payment for primary care services called for by the Patient Protection and Affordable Care Act, but it should increase that incentive payment from 10 percent to 20 percent. Congress also needs to permanently extend the program that equalizes Medicaid and Medicare payment rates, Goertz said.

'Both of these programs, along with mandated updates that are 2 percent higher for primary care physicians, will help stabilize current (medical) practices that have seen such financial turmoil in the past few years,' said Goertz.

During this proposed five-year period, it also will be crucial to encourage as much innovation as possible, said Goertz. 'The new CMS Center for (Medicare and Medicaid) Innovation needs to be a key focus of this effort. We believe this center can help CMS create market-based, private sector-like programs that can significantly bend the health care cost curve.'

The SGR formula has repeatedly called for cuts in Medicare payments to physicians during the past few years, forcing Congress to step in and negate the cuts. And the problem has continued to grow. In 2010, Congress intervened five times to block impending Medicare payment cuts mandated by the SGR. Without further Congressional intervention, physicians face a cut of 29.4 percent on Jan. 1.

The SGR formula threatens the stability of the Medicare system for both patients and physicians, said lawmakers during the hearing.

The SGR is systematic of a 'fundamentally flawed payment system,' said Rep. Joe Pitts, R-Pa., chair of the subcommittee. 'Keeping the current system or making minor adjustments is no longer a viable option.'

Congress needs to 'work toward a new way of paying for care, for physicians and all providers, that encourages integrated care,' noted subcommittee member Rep. Henry Waxman, D-Calif.

The PCMH is an excellent example of an integrated care model that uses a team-based approach to deliver patient-centered care, said Goertz during a question-and-answer session, adding, 'There are more than enough demonstrations that already show the benefit (of the medical home).'

Subcommittee member Rep. Tammy Baldwin, D-Wis., also touted the benefits of the PCMH. She described the experience of Dean Health Systems, an integrated health system in her district that has significantly improved care and reduced costs by adopting the medical home model. The health system developed its own payment system to support the PCMH model because of the limitations of the fee-for-service system, said Baldwin.

четверг, 27 сентября 2012 г.

TOP TEXAS FAMILY BUSINESSES HONORED. - States News Service

Waco, Texas -- The following information was released by Baylor University:

Baylor University's Institute for Family Business will present the 20th Annual Texas Family Business of the Year Awards to 20 outstanding businesses at a banquet Nov. 5, in Baylor University's Bill Daniel Student Center.

The program recognizes firms whose families demonstrate a commitment to each other and to business continuity, and who are responsive to the needs of their employees, communities and industries.

This year's winners are:

Small Family Business of the Year:

Gohlke Pools - Denton

Wardlaw Claims Service - Waco

Medium Family Business of the Year:

Parsons Roofing - Waco

Large Family Business of the Year:

United Supermarkets - Lubbock

Community Commitment Award:

Texas Barber Colleges and Hairstyling Schools - Houston

Family Values Award:

Johnston Legal Group - Fort Worth

Fastest Growing Award:

Spec's Family Partners - Houston

Well-Managed Award:

Richard Karr Motors - Waco

Founders Award:

Louis Shanks of Texas - Austin

Heritage Award:

Read's Food Store - Mart

Hurricane Survivor Award:

Ocean Oso's - Galveston

Finalists in the competition were: Armstrong Mechanical, Lubbock; Belltec Industries, Belton; Celebrating Home, Marshall; Chaney Enterprises, Arlington; Home State Insurance Group, Waco; KiDSPACE, Amarillo; Public Steel, Amarillo; Ranch at the Rim, San Antonio; and Sonny Bryan's Smokehouse, Dallas.

'Starting, owning and operating a family business is the foundation of the American Dream,' said J. David Allen, director of the John F. Baugh Center for Entrepreneurship at Baylor's Hankamer School of Business. 'It is our privilege to honor the dedicated, hard-working risk-takers in the state of Texas who contribute so much to our economic and social well-being.'

Through these types of programs, the Institute for Family Business at Baylor University fulfills its mission to provide a forum for the development and dissemination of information relevant to the health and continuity of family businesses.

среда, 26 сентября 2012 г.

Search Continues for Dennehy's Body - AP Online

00-00-0000
Dateline: WACO, TexasThe family of missing Baylor basketball player Patrick Dennehy removed his belongings from his apartment Wednesday after more than a month of waiting and hoping he was alive. Authorities said they would continue searching for his body.

Dennehy's stepfather, Brian Brabazon, said police have told family members that Carlton Dotson, a former teammate who has been charged with killing Dennehy, provided investigators with three sites to search for his body.

Gravel pits and a river bank were searched Tuesday. A search Wednesday morning was delayed by rain.

Brabazon said the family planned to talk with police and tour the Baylor campus while in Waco.

"We appreciate your concern, but today we'd like to do what we have to do as a family," he told news reporters.

Also Wednesday, Baylor's athletic department faced questions about whether coaches made improper payments to Dennehy.

While lamenting the timing of the allegations, athletic director Tom Stanton said the university "has begun a vigorous internal inquiry independent of the athletic department to determine the facts in this situation."

"The investigation will be thorough," Stanton said. "We take these issues very seriously. We are hopeful questions about Patrick's first year at Baylor can be resolved quickly."

Among the allegations is that Dennehy emerged from basketball offices last November with between $1,200 and $1,800 that he told his girlfriend, Jessica De La Rosa, came from a coach and was to go toward the purchase of a car.

The 6-foot-10 center's father, Patrick Dennehy Sr., said in published reports that De La Rosa, a track athlete at the University of New Mexico, reported what she saw to officials at New Mexico and they reported it to the NCAA.

The NCAA prohibits extra benefits to athletes. It's the organization's policy not to confirm or deny whether a school is under investigation.

De La Rosa, who was in Waco on Wednesday with Dennehy's mother and stepfather, confirmed she spoke to New Mexico officials, but declined to comment on what she said.

Dennehy Sr. also said a member of Baylor's basketball staff paid a car service to drive De La Rosa from Waco to a Dallas airport last fall. That allegation was investigated by New Mexico and the NCAA, and De La Rosa was declared ineligible to run track next season. She will likely be reinstated if she repays the cost of the trip, said Janice Ruggiero, a New Mexico athletic official.

Dennehy's father, who lives in Tacoma, Wash., had been estranged from his son until the last few years. He said he was just now speaking up about the alleged financial favors because he was frustrated with Baylor for not keeping him informed about the investigation into his son's disappearance.

Dotson, 21, was charged Monday night with murder after he told FBI agents in Maryland that he shot his teammate in the head after Dennehy tried to shoot him, according to the arrest warrant.

Dotson told the AP after his arrest that he "didn't confess to anything."

An Aug. 19 extradition hearing was scheduled for Dotson in Chestertown, Md. He remained jailed without bond near his hometown of Hurlock.

Dotson's attorney urged authorities to give information to him about his client's psychological condition. He said the jail told him results from a routine mental health screening were not available yet because Dotson had not signed release forms.

"We're trying to ascertain the stability of mind of my client over the past several weeks," said Grady Irvin Jr., of St. Petersburg, Fla. He said his client may not have been in the proper mental state to be questioned.

Dennehy, 21, was last seen on campus June 12; his family reported him missing June 19. The next day, Delaware police told Waco authorities that an informant said Dotson told someone he shot Dennehy in the head after the two argued.

Dennehy's Chevrolet Tahoe was found abandoned, without license plates, in a Virginia Beach, Va., mall parking lot June 25.

Dotson recently lost his scholarship and was not planning to return to Baylor in the fall.


REP. EDWARDS SECURES $350,000 FOR BAYLOR, TSTC, AND FAMILY SUPPORT PROGRAM AS BILL PASSES HOUSE - US Fed News Service, Including US State News

Rep. Chet Edwards, D-Texas (17th CD), issued the following press release:

U.S. Representative Chet Edwards has secured $350,000 for three education programs at Texas State Technical College (TSTC), Baylor, and Waco's AVANCE program under the 2008 Labor, Education, Health and Human Services Appropriations bill, which passed the House Thursday.

'Investing in education and family support services will support jobs and economic growth in Central Texas and truly make a difference in the lives of our families,' said Edwards, a senior member of the House Appropriations Committee.

Edwards secured $150,000 for Texas State Technical College, which would support equipment purchases to provide increased capacity for manufacturing workforce training at TSTC Waco. Additionally, this funding would help complete purchases required to achieve National Institute for Metalworking Skills (NIMS) certification status and to replace outdated automation equipment used for training in electrical and computerized control systems and robotics.

'Supporting manufacturing jobs is crucial for future economic growth in Central Texas, which is why it was a privilege to work with TSTC leaders on this important local priority,' said Edwards.

Edwards also secured $100,000 for the Baylor University Language and Literacy Center. The funding will support the work of speech pathologists at Baylor University's Language and Literacy Center, who have been at the forefront of efforts to assess the relationship between language and reading. The Center has developed a highly effective methodology for improving literacy that has been field-tested and refined through work with roughly 1,000 students over the last five years. The only one of its kind in Texas, Baylor's 'Full-Spectrum' program has resulted in 1 to 3 years of reading-level improvement in five-week intensive summer courses, with similar results in the less-intensive, semester-long regimens.

'Helping young children to read at their respective grade levels can make a dramatic difference in their success in school and in life,' said Edwards.

Edwards also secured $100,000 for the AVANCE Early Childhood Intervention and Family Support Program in Waco. AVANCE Waco is a non-profit organization designed to help mothers and fathers become better parents through various forms of education. This investment will serve 300 families from at-risk, low income Hispanic households with parenting education, early childhood development, ESL and GED classes in Waco.

'Helping parents with jobs and parenting skills will mean healthier, more productive families,' said Edwards.

The bill must still pass the Senate and be signed by the president.Contact: Josh Taylor, 202/225-6105.

вторник, 25 сентября 2012 г.

Business Briefs - Honolulu Star - Advertiser

Blazin' Steaks founder files for bankruptcy

Blazin' Steaks founder Richard Craft Jr. has filed for individual Chapter 7 bankruptcy, seeking to liquidate debts his filing says are primarily business-related. He established the Blazin' Steaks concept, which has grown to dozens of independently operated, quick-service restaurants that serve plate lunches primarily of grilled steak, chicken, or fish, with rice and tossed salad, at a base cost of $6 each.

Those debts are estimated to range between $1 million and $10 million, owed to 47 creditors, while his filing estimates his assets at below $50,000.

The creditor list filed with Craft's voluntary petition, in addition to listing landlords and finance companies, includes Acai-Licious LLC, Blazin' Steaks LLC, Craft Enterprises Inc., Craft Enterprises LLC and Ten Restaurant Group LLC, all of which are at or in care of Craft's home address.

A creditors' meeting has been set in U.S. Bankruptcy Court at 1:30 p.m. July 11.

First Pier 1 Imports opens on Hawaii island

More than 1,000 shoppers showed up before noon Friday for the 10 a.m. opening of Pier 1 Imports' new 8,448-square-foot store in Kona at 74-5586 Palani Road at the Kona Coast Shopping Center.

Jenna Criswell is the store manager, and about 40 part-time workers have been hired to support the new store opening.

'We ... hope that our new Kona location will introduce customers to the eclectic and fun merchandise unique to Pier 1 Imports,' said Alex W. Smith, president and CEO of Pier 1 Imports. 'Pier 1 Imports offers merchandise that fits all decorating styles, as well as a broad array of affordable holiday d�cor, furniture and gifts.'

Pier 1 Imports has three stores on Oahu in Honolulu, Kailua and Pearl City, and one on Maui in Kahului. Pier 1 Imports opened its first Hawaii store at Ward Centers in Honolulu in 1998.

Buffett's Berkshire buys Waco newspaper

WACO, Texas -- Billionaire Warren Buffett's company Berkshire Hathaway Inc. is expanding its newsprint division, buying the Waco Tribune-Herald, its second newspaper in Texas, the company announced Friday.

For Buffett, who is Berkshire's CEO, acquiring the Waco Tribune-Herald fits his stated interest in buying small- and medium-sized newspapers in places with a strong sense of community.

The Tribune-Herald is being sold by Robinson Media LLC, a Waco family business that bought it in 2009 from Atlanta-based Cox Enterprises. The newspaper, with a daily circulation of 34,000 and Sunday circulation of 39,000, has 124 employees. The purchase, for an undisclosed price, is expected to close July 31.

Buffett said his company is likely to buy more newspapers in the next few years. In May, Berkshire announced a deal to buy 63 newspapers from Media General Inc. for $142 million.

Buffett has defended the viability of newspapers, saying that they will have a decent future if they continue delivering information that can't be found elsewhere. They also need to stop offering news free online, he has said.

Olive Garden, Red Lobster seek turnaround

NEW YORK -- Darden Restaurants Inc. is struggling to revive sales at its flagship Olive Garden and Red Lobster restaurants. A key sales figure fell at the chains during the latest quarter, and the company issued a profit forecast that fell short of Wall Street expectations.

The Orlando, Fla.-based restaurant operator has been reworking the menu and pricing to reverse declining sales at Olive Garden, which is its biggest chain and accounts for almost half its revenue. The 10 percent rise in Darden's net income for the quarter came primarily from the opening of new locations.

Revenue at Olive Garden restaurants open at least a year fell 1.6 percent in the quarter. At Red Lobster, the figure fell 3.9 percent. The metric is an indicator of health because it strips out the effect of newly opened and closed stores.

For 2013, Darden forecast a profit of $3.86 to $4 per share, which fell short of Wall Street expectations of $4.06 per share, according to FactSet. Given the expectations for a slow economic recovery, the company forecast sales at established restaurants to grow just 1 percent to 2 percent.

For its fiscal fourth quarter, Darden reported net income of $151.2 million, or $1.15 a share, in line with Wall Street expectations. That compares with $137.4 million, or 99 cents a share, a year ago. Revenue was $2.07 billion for the three months ended May 27, up from $1.99 billion a year ago but shy of the $2.11 billion analysts were expecting.

First Tesla electric sedans hit the road

FREMONT, Calif. -- Electric car maker Tesla's first mass-market sedans took to the road Friday, but it's not certain whether their debut will make or break the fledgling company. Ten of the sedans, called the Model S, rolled out the door at the company's Fremont factory during a ceremony that had the feel of a pep rally.

A crowd estimated to be in the thousands, including Tesla employees, their relatives and a host of local politicians, cheered for the lineup of speakers that included California Gov. Jerry Brown. They roared when the first cars left the building.

Tesla Motors Inc. says more than 10,000 people have put down a refundable deposit for the five-seat sedan, and the Palo Alto company expects to sell 5,000 this year.

The first cars driven out of the factory were part of what Tesla Vice President George Blankenship called the carmaker's 'personal delivery program.'

The first two cars were heading to buyers in Chicago, while the third was going to nearby Palo Alto.

GM recalls popular Chevy Cruze over fire risk

DETROIT --Engine fires are forcing General Motors to recall the Chevy Cruze, a popular model that has helped GM win back small-car buyers.

The recall covers 475,000 vehicles made in the U.S. from September of 2010 through May of 2012. It's the car's fifth recall since it arrived in showrooms nearly two years ago, raising questions about the sedan's reliability.

The fires can break out when fluids drip onto a hot plastic shield below the engine. The problem occurs mainly when oil is spilled and not properly cleaned up during changes, General Motors said Friday.

The company knows of 30 fires caused by the problem, but no injuries have been reported, spokesman Alan Adler said.

GM will notify owners starting July 11 about when to bring cars to local dealers for repairs, which are free and should take about 30 minutes.

IKEA to invest $1.9B in India for 25 stores

MUMBAI, India -- Swedish retailer IKEA plans to invest $1.9 billion to set up shop in India despite its lingering concerns about the country's supply chain regulations, the company said Friday. India's commerce ministry said IKEA had applied for permission to initially open 25 stores through a wholly owned subsidiary.

ON THE MOVE

-- Cadinha & Co. has announced Ty Y. Nohara as head of compliance. She was previously a securities enforcement attorney and acting senior securities attorney for the state Department of Commerce and Consumer Affairs' Securities Enforcement Branch.

-- Veterinary Emergency + Referral Center of Hawaii has announced Doug Rohn as its board-certified veterinary surgeon. His experience includes establishing the surgery service at VetCare Veterinary Emergency and Specialty Care Center in 1997 and founding Bay Area Veterinary Specialists in 1998.

-- The U.S. Small Business Administration has awarded the 2012 SBA Young Entrepreneur of the Year for Region IX to Jerry Guyo,the state of Hawaii winner. He is the president of Pacific Ice Services of Honolulu.

-- The Honolulu Museum of Art has received a record $346,026 incentive from Hawaii Energy. The award was due to the museum's investment in its heating, ventilation and air-conditioning system and control systems.

SHIP AHOY!

Today's ship arrivals and departures:

Honolulu Harbor

Agent Vessel From ETA ETD Berth Destination

NCL Pride of America Nawiliwili, Kauai 6:30 a.m. 7 p.m. 02B Kahului

MNC Mahimahi Oakland, Calif. 4 p.m. -- 52A --

Kalaeloa Barbers Point Harbor

Agent Vessel From ETA ETD Berth DestINATION

WNLI Rhine -- -- Noon BP-6 Tacoma, Wash.