Thomas Lee started doing leveraged buyouts in the 1970s, before the term had even been coined to describe such deals. Photo: Christopher Goodney/Bloomberg News The death of Thomas H. Lee sent shock waves Friday through Wall Street, where decades ago he helped create one of its biggest businesses. Mr. Lee, who started doing leveraged buyouts in the 1970s, before the term was coined and the tools to finance the deals had been invented, died Thursday, his colleagues and family said . Continue reading your article with a WSJ membership

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What happens when a pizza shop owner, a pair of wine retailers, a craft beer enthusiast, and a guy who loves Italian beef sandwiches walk into a bar? You get something like the Littlest Little Italy, a new food hall comprised of five separate businesses sharing 5,000 square feet of space under the same roof. That space is located at 320 W. St. John St., a one-story building that opened in 1925 as the Alameda French Bakery, which stayed in business for about 50 years. The building, which sits across the street from Henry’s World Famous Hi-Life, features a shared kitchen, counters and indoor and outdoor spaces that can seat around 200 people. It’s now home to Bibo’s Little Italy Pizza and Birre by Pour Decisions Taproom at the front; Enoteca La Storia’s Ancora Vino and Salumi bar in the middle section; and Torino Panino Italian Deli and Sandwich shop toward the back. The idea to bring the various eateries under one roof comes from Mike Guerra and Joe Cannistraci, the owners of Enoteca La Storia, who originally opened in the space as a full-service restaurant and wine bar in 2017 and own the building’s master lease. But the […]

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Buy Photos Photo by Ira Wilder | The Daily Tar Heel The Old Well and the South Building are pictured on campus on Nov. 17, 2021. Delta Sigma Pi, a co-ed business fraternity at UNC, is no longer affiliated with the University’s Undergraduate Business Program until at least fall 2024 following complaints about how some of the organization’s recruitment events were conducted. In an email to potential new members, Associate Dean of the UBP Shimul Melwani and Assistant Dean of the UBP Jordan Hale said they received “very concerning complaints’’ from students about the recruitment process. In particular, the email said the organization’s “Something From Nothing” recruitment event at Koury Auditorium on Wednesday, Jan. 18, included inappropriate content and comments that were “insulting and hurtful to individuals and identities.” “It was clear to us that this event embodied harassment,” Melwani and Hale said in the email. The email said that, after they received complaints from students, Melwani and Hale spoke with DSP leadership and held a meeting including all members of the fraternity to clarify how the behavior exhibited during the event was “unacceptable" and discuss how it made other students feel "hurt, uncomfortable, embarrassed, and insulted." Melwani and […]

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CAPE GIRARDEAU, Mo. (KFVS) – High school students from 13 area schools presented their business ideas today at Camp Enterprise in Cape Girardeau, Mo. Camp Enterprise is an entrepreneurial startup activity where students can learn business skills. Students create an idea for a company, research it, and create a market analysis to present to judges and get feedback. Dr. Matt Lacy oversees the event and says he’s very impressed with their work. “A wide variety of businesses from something as mainstream as car detailing to things that are like matchmaking employment services amongst fast food restaurants, so you have web based businesses and you also have rick and mortar type businesses so very traditional, very innovative type of businesses and all points in between,” Dr. Lacy said. Dr. Lacy says this activity gives students business experience, and also works on their collaboration, communication and problems solving skills. Copyright 2023 KFVS. All rights reserved.

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Skip’s Music store founder and owner Arthur “Skip” Maggiora , 75, has died following a long struggle with kidney diseases. Born in Sacramento, Maggiora was in rock bands that played in Northern California in the 1960s and 1970s. He opened his first Skip’s Music store 50 years ago this year. He died Thursday. “With a career spanning more than 50 years, Skip is a local icon, leaving behind a legacy of contributions and achievements in the music industry and as a local business owner," said Mike Snyder , vice president of Skip’s Music, on Skip’s Music’s Facebook page. "He was a visionary who always contemplated the next move. He established himself early as a dependable and reliable resource for the professional and hobbyist musician.” Skip’s Music Inc. is currently in its longtime headquarters location at 2740 Auburn Blvd. and it has had a store for two decades in Elk Grove at 9660 Elk Grove-Florin Road. Maggiora was on stage working equipment all three days of the Woodstock music festival in 1969. He set up concerts by The Jimi Hendrix Experience at California State University Sacramento in 1968. In 1998, Maggiora was one of the three founders of the Alliance […]

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Marcia Wiggins hustled to the front counter to attend to a rush of customers earlier this week, helping them choose between Strawberry Shortcake, Spicy Hot Chocolate, Salted Caramel, Maple Sunday and other treats baked by her staff at Cape Whoopies. Wiggins’ small business success story started 10 years ago in her kitchen and the bakery now produces more than 200,000 gourmet whoopie pies a year. They sell in Wegman’s grocery stores and have been served at the Super Bowl. Since she moved to South Portland in 2018, she’s nearly doubled her staff, which ranges from five or six employees during slow periods to as many as 20 workers during the busy winter holiday season. Despite that growth, the small business owner says she still has to carefully manage every expense. “You’re busy looking at every detail of what everything costs, every week. It’s a constant struggle, like standing on a teeter-totter,” she said. Marcia Wiggins, owner of Cape Whoopies, helps customers at the South Portland business on Wednesday. Wiggins said she’s not against paid family leave but thinks a state mandate may hurt small businesses already facing higher supply and labor costs. Gregory Rec/Staff Photographer So Wiggins is leery […]

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You may be dining in a Parisian bistro before you know it. At the end of January, Air France rolled out their brand new Business Class cabin on one of their most popular routes from New York’s JFK to Paris’ CDG. To celebrate the rollout, from February 28 th – March 5 th , a mockup of the new seats will be popping up in the lobby of Lincoln Center’s David Geffen Hall for the public. From 2PM to 10PM each day, visitors can test out the seats and learn about the new features. But even better, if they stop by during the week, they can fill out a form and be entered to win two Business Class tickets in the new seats from New York to Paris. All they need to do is scan the QR code that is on a sign next to the seats, and fill out some information to be entered to win. Drawing is the following week of March 6 th . While visiting, you can see the completely redesigned iconic seat ensuring extra comfort on the journey. The seats are based on the three “ F”s: Full Flat , meaning that the seat […]

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Pensacola now has three members on a Florida council dedicated to researching, supporting and uplifting small and minority-owned businesses. Allison Watson, Escambia County Public Schools director of purchasing and business services, was appointed to serve a two-year term on the Florida Advisory Council for Small and Minority Business Development, the school district announced last week. She is joined on the council by two local members of the Florida Small Business Development Center, Gregory Britton, CEO of the SBDC Network, and Jane Dowgwillo, SBDC executive director of strategic initiatives. More: Pensacola-area Black and Latino business owners wanted for new small business loan program More: Black Girlz Magic Awards will recognize and uplift Pensacola’s Black women entrepreneurs As part of the Florida Advisory Council for Small and Minority Business Development, the trio will work with the body to provide insight and expertise to the state regarding small and minority business development. Council members from across the state research the role of the small and minority businesses in the state’s economy and provide recommendations on how to improve them. Watson has worked with the School District for the last 25 years and, among other contributions, launched the "Circle of Opportunity" partnership model […]

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Grace Jewelers is a family business. Opened in 1999 by David Ruland, the shop is now owned and operated by his son, Nathaniel Ruland. Nathaniel Ruland’s sons are also now taking an interest in the shop and working there with their father. The store even has a special four-legged seller. “We’re on our third generation here in Black Mountain,” Nathaniel Ruland said. “We’ve been open for almost 25 years.” When the store first opened on State Street, Nathaniel Ruland said Grace Jewelers was the only jewelry shop in Black Mountain. Eventually the store moved to its current location on Broadway Avenue. Today, Grace Jewelers is a full-service shop offering jewelry, repair and custom pieces. Nathaniel Ruland said the custom design process is his favorite aspect of the job. “I really enjoy that,” Ruland said. “It’s a lot of fun to work with a client. They mostly know what they want, they just have to find it. I’m just like the guide and then I make it happen. That’s something I really enjoy.” Though he spent his childhood working with his father buffing rings and changing watch batteries, Ruland did not immediately go into the family business. He said he […]

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February 25, 2023 As Prepared for Delivery Thank you very much for joining me. One of the most rewarding parts of my job is meeting with innovators, entrepreneurs, and business leaders across the globe. That is especially true in India, which has one of the most dynamic economies in the world. As President Biden has said, India is an indispensable partner to the United States. I was able to see the strength of our economic ties firsthand in November when I visited Delhi for the U.S.-India Economic and Financial Partnership. And I’m glad to be back in India to build on my previous trip. The U.S. is India’s biggest trading partner. In 2021, our bilateral trade was over $150 billion. Our people-to-people ties affirm the closeness of our relationship. 200,000 Indians are studying in America and enriching our schools and universities. We depend on each other on a daily basis: Indians use WhatsApp to communicate and many American companies rely on Infosys to operate. As we look towards the future, I am eager to deepen our ties in the technology sector. The United States is advancing an approach called “friendshoring” to bolster the resilience of our supply chains. We […]

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