2D
dallasnews.com
Monday, September 19, 2011
Now on dallasnews.com/business
ROBERT MILLER
bmiller@dallasnews.com
UNT to
open new
business
facility
T
he University of North
Texas and its College
of Business will officially open the new $70 million Business Leadership
Building at 10:30 a.m. Thursday on the Denton campus.
Some of the 180,000square-foot building’s features
include a securities trading
room with a dozen Bloomberg
kiosks and a scrolling stock
ticker; an executive boardroom; 24 classrooms; a café;
computer labs; a rooftop garden; study and tutor rooms;
and an entire floor dedicated
to faculty offices and meeting
spaces.
In a departure from tradition, faculty offices will not be
organized by department, a
feature designed to encourage
interdisciplinary research.
“The grand
opening
marks a new
beginning for
the College of
Business,” said
FINLEY
Dean Finley
GRAVES
Graves. “It
celebrates the opening of a
building on par with any business building in the country,
but it also symbolizes the path
UNT and the Business College
have taken toward becoming a
national research university,
including instruction that
incorporates cutting-edge
technology and research that
impacts the business world
internationally.”
The building is expected to
receive gold-level Leadership
in Energy and Environmental
Design (LEED) certification
from the U.S. Green Building
Council, which means its
design and construction met
strict environmental standards.
UNT president V. Lane
Rawlins said the Business
Leadership Building symbolizes UNT’s dedication to providing students the best education possible.
“Everything we do at UNT
is in support of our students,
so when we build, it’s not just
to make room for more students on a booming campus.
We’ve created a state-of-theart environment to inspire
students and help them become the next generation of
business leaders and entrepreneurs,” he said.
“Walking through the atrium, the primary gathering
space in the building, is a
particular treat for me because
of the opportunity it provides
to stop and chat with students,
an opportunity our old building did not offer,” Graves said.
“The students’ new sense of
community and connection to
the college is amazing.”
The building will use cloud
computing as its main computing platform, which will
allow students and faculty to
access College of Business
software and applications
from anywhere in the world at
any time.
Each classroom has two
video projection screens,
cameras and fast Internet
connections for using live
video with HD video cameras.
Meeting rooms have video
conference capabilities, cameras, projection screens, wireless microphones and teleD
phones.
Construction began in
2009 on the building, which is
at 1307 W. Highland St. It was
designed to accommodate
more than 7,500 students.
To learn more about the
College of Business, visit
www.unt.edu/majors/
ubusiness.htm or call 940565-2681.
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Market Week
WHAT’S MAKING NEWS
Monday
The National Association of Home Builders releases housing
market index for September.
Lennar Corp. releases financial results.
Tuesday
The Commerce Department releases housing starts for
August.
The Federal Reserve meets to discuss interest rates.
Carnival Corp., ConAgra Foods Inc. and Oracle Corp. release
financial results.
Wednesday
The National Association of Realtors releases existing home
sales for September.
General Mills Inc. releases financial results.
Thursday
The Labor Department releases weekly jobless claims.
Freddie Mac releases weekly mortgage rates.
The Conference Board releases leading indicators for August.
Discover Financial Services, FedEx Corp., Nike Inc. and Rite
Aid Corp. release financial results.
Friday
Annual meeting of the International Monetary Fund and the
World Bank begin and run through Sunday.
Nike Inc. releases financial results Thursday, along
with Discover Financial Services and FedEx Corp.
KB Home releases financial results.
The Dallas Morning News
HOUSING
Home sales, building may stay in rut
A chilly era
for cold
detergents
Newly formulated laundry
detergents can wash most
clothes perfectly well in cold
water, manufacturers say, but
customers are stubbornly refusing to turn down the temperature.
About three-quarters of the
energy use and greenhouse-gas
emissions from washing a load
of laundry come from heating
the water — a practice that, scientists say, is often wasteful
and unnecessary.
Procter & Gamble, the consumer products giant that
makes Tide, takes credit for the
innovation of cold-water detergent in North America. After
realizing how much energy was
used to heat water for laundry,
Procter set a goal to convert 70
percent of all washing-machine loads to cold water by
2020; by Proctor’s estimate 38
percent of laundry loads globally are done in cold water.
Tide Coldwater was introduced in 2005. Several competitors followed with their
own cold-water formulas, including Purex from Henkel,
Wisk from Sun Products and
Biokleen from a small company by the same name.
Sales data provided by Henkel shows that sales of cold-water detergents have declined 16
percent in the last year in the
U.S. Despite the challenges,
Procter & Gamble officials remain undeterred.
New advertising is promoting the virtues of Tide Coldwater, and the company is
working with washing machine manufacturers to improve cold-water cycles in
high-efficiency machines.
Hurdles may thwart rebound IPO calendar
The following companies plan initial public offerings this week:
in residential real estate
Company
WhiteGlove Health Inc.*
Sales of previously owned homes in
August probably held close to the weakest level this year while construction
may have dropped to a three-month
low as the industry showed few signs of
emerging from its slump, economists
said in advance of reports due out this
week.
Existing-home sales probably rose
1.7 percent to a 4.75 million annual rate
from an eight-month low in July, according to a survey of 59 economists
ahead of Wednesday’s report from the
National Association of Realtors.
Economists also forecast that Commerce Department data being released
a day earlier will show that housing
starts dropped 2.3 percent.
Limited employment, declining
property values and mounting foreclosures remain hurdles for builders,
thwarting a sustained rebound in residential real estate.
“The economy overall will take this
crawl-stagger-crawl approach into
2012, which reflects all the issues the recovery is wrestling,” said Paul Ballew,
chief economist at Nationwide Mutual
Insurance Co. “Housing should hit a
trough by the end of this year before going sideways at very suppressed levels.”
Federal Reserve officials meet this
week to discuss whether additional
measures are needed to help revive the
recovery and a languishing job market.
Fed officials may propose new measures to galvanize the economy when
The New York Times
Headquarters
Austin
Shares
2.5 million
Price
$6 to $9
CALENDAR
*The offering was scheduled for week of Sept. 12, but did not price.
SOURCE: The Associated Press
TUESDAY
The Associated Press
Construction may be dropping to a
three-month low.
the Federal Open Market Committee
completes a two-day meeting on
Wednesday. Ben Bernanke, the central
bank’s chairman, told economists Sept.
9 in Minneapolis that policymakers
have measures at hand and are “prepared to employ these tools as appropriate.”
The median projection for the annu-
al pace of August housing starts is
590,000, little changed from the
587,000 begun last year, the secondfewest ever. Home construction totaled
554,000 units in 2009, the lowest since
record-keeping began in 1959.
Building permits, an indicator of future construction, probably fell 1.8 percent in August, the report from the
Commerce Department is expected to
also show.
Meanwhile, a report coming Monday may show the National Association
of Home Builders/Wells Fargo sentiment index held at 15 this month. Readings lower than 50 mean more respondents view conditions as poor.
Homebuyer traffic and construction
along the eastern seaboard may also
have been hindered by Hurricane
Irene, which caused losses of about
$12.4 billion, according to an estimate
by Kinetic Analysis Corp., a Silver
Spring, Md., firm that predicts the effects of disasters.
Among data this week, the Conference Board’s index of leading economic
indicators is projected to show growth
may cool in the second half of the year.
Economists expect the gauge of the outlook for the next three to six months
rose 0.1 percent in August.
Bloomberg News
AT A GLANCE
O OIL & COMMODITIES
D DOLLAR
BONDS
Light sweet crude, near term
vs. euro
10-year Treasury yield
$1 will buy ¤0.7212
Yield: 2.08%
Price: -$1.21 per $100 invested
-0.0057
$89.40
3.40%
¤0.74
$115
3.00
0.72
105
2.60
0.70
95
2.20
0.68
85
0.66
1.80
M
J
J
Close
A
S
+0.49
J
J
A
M
S
J
J
A
WEDNESDAY
Success North Dallas: “Taking on the
Giants: The Ambit Energy Story”
with speaker Jere W. Thompson, 7:15
a.m. at Prestonwood Country Club,
15909 Preston Road. Contact Jan
Klodner at 214-316-8920.
Calendar deadlines are one week
before publication. Email business
news@dallasnews.com
COMPANIES
IN THE NEWS
This index lists companies in The
Dallas Morning News’ Business
section today. Not covered are
companies mentioned in passing
and those listed only in financial
tables.
Alcatel-Lucent .....................................1D
AT&T........................................................1D
Biokleen................................................2D
Blockbuster.........................................3D
Dish Network ......................................3D
General Electric..................................5D
Henkel ...................................................2D
Koupon Media ......................................1D
Locai........................................................1D
Meta Watch...........................................1D
Netflix....................................................3D
Procter & Gamble ..............................2D
Proxomo Software .............................1D
SeekDroid..............................................1D
Sun Products.......................................2D
UBS ........................................................3D
Vignature...............................................1D
Business
75
M
Dallas Career Transition: “10 Lessons
for Success” with speaker Mary
Anne Davis, 6 p.m. at Park Cities
Baptist Church Fellowship Hall,
3933 Northwest Parkway. Visit
www.pcbc.org/ctw.
S
dallasnews.com
Change
Year ago
daily 5-day
yield
Close in
4-week YTD 1-Yr
dollars Previous % chg % chg % chg
Futures
Close
Chg
Contract
high
low
1.5809
89.40
+.49
115.55
74.89
3.878
-.161
7.300
3.780
Gas Blend
2.7828
+.0570
3.1167 1.9109
Gold COMX
1778.50
-45.00
1912.80 1482.30
3945.3
-101.6
4953.0 2071.0
3-month T-bill
.01
...
-.01
.15
P
Pound
1.5774 -4.16 +1.40 +1.21
Light sweet crude
2-year T-Note
.19
...
+.02
.47
Canadian dollar 1.0163
1.0104
Natural gas
1.3753 -3.00 +3.91 +6.79
+.69 +1.19 +4.45
5-year T-Note
.94
+.05
+.14
1.44
Euro
10-year T-Note
2.08
+.09
+.17
2.72
Yen
.013005 .013005
30-year T-Bond
3.38
+.11
+.11
3.87
Peso
.077220 .077107 -4.73 -4.66
1.3889
-.46 +5.60 +11.34
-1.31
Silver COMX *
* Reported in cents per troy oz. Others in dollars per unit.
Treasury prices were little
changed Friday ahead of a key meeting of the Federal Reserve’s policymaking group this week.
The euro fell against the dollar after European finance ministers said
they would push back a decision to
pay more bailout loans to Greece.
Oil prices dropped Friday as the
U.S. and Europe clashed over how to
handle the debt crisis in Greece.
© 2011, The Dallas Morning News
Business Editor........................Dennis Fulton
Deputy Business Editor...........Janie Paleschic
CONTACT US
Phone: 214-977-8429
Fax: 214-977-8776
E-mail:
businessnews@dallasnews.com
Mail:
P.O. Box 655237
Dallas, TX 75265
D2 09-19-2011 Set: 20:42:00
Sent by: mapuan@dallasnews.com Business CYAN
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