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Business/Economy

  • Business Spotlight: Leaving the past behind

    Local business owner, Tracy Maddox, has put recent troubles behind her as she prepares for her new endeavor as owner of the Hilltop Spa.

    Maddox opened Southwest Office Solutions in Los Alamos six years ago, after years of working as an executive with the Xerox Corporation. She was on the corporate fast-track with the company; however, she simply wanted to own her own business — a place that customers, employees and the community could be proud of. She used her expertise in the field to create a successful, community-oriented office solutions company.

    Maddox built SOS upon a sense of family and a deep dedication to customer service and employee satisfaction. She says that she has always been inspired by helping people find solutions; something that continues to be a core principal in her daily business practices.

    Maddox will now be helping customers find solutions related to their well-being, in addition to the office environment as she applies the same principles to her newly acquired business, the Hilltop Spa. Minor renovations are currently underway, but Maddox said she was fortunate to have acquired such a well-established business.

  • Defying the formula

    Convincing outside businesses, especially regional and national chains, that Los Alamos is a worthwhile investment is no easy task, since the county does not fit neatly into the formulas companies typically use to project the success of a new enterprise.

    Los Alamos Commerce and Development Corporation Executive Director Scott Randall took up that challenge recently at the International Council of Shopping Centers’ RECON convention. It was the second year Los Alamos had a presence at the convention, and the efforts may be starting to pay off.

    “The real motive was to get our name and our demographics and information about the community in front of people. It’s not even so much doing deals as it is establishing those relationships,” Randall said. “Because it was relatively new for this community, I felt that the best we could hope for was to get people to realize that we were on the map and that we had a lot to offer.”

    Randall, who has attended the convention for 16 years, began his preparations in advance in order to gain some traction among the 40,000 attendees.

  • Facebook soars after 2Q results beat estimates

    SAN FRANCISCO (AP) — Facebook's stock is flying high after the world's biggest social network posted higher revenue from mobile ads and delivered a healthy second-quarter profit that reversed a loss a year earlier.

    The results, which come in the heels of weaker-than-expected results from online search leader Google Inc., signal that Facebook's aggressive push into the mobile advertising market continues to pay off. The company began showing mobile advertisements for the first time last spring. On Wednesday, Facebook said mobile ads accounted for 41 percent of its total advertising revenue.

    The Menlo Park, Calif.-based company's stock jumped $4.93, or 18.6 percent, to $31.44 in extended trading after closing at $26.51. The stock priced at $38 when Facebook went public in May 2012 and hasn't hit that since.

    "I'm completely surprised," said Gartner analyst Brian Blau, summing up the sentiments of many investors who've watched Facebook's stock price stagnate over the past year due in large part to concerns about its mobile prospects.

  • NM awarded nearly $19M to market health exchange

    SANTA FE, N.M. (AP) — New Mexico has received a nearly $19 million federal grant for its health insurance exchange for marketing, education and outreach to make uninsured individuals and businesses aware of their options for obtaining medical coverage through the state's online marketplace.

    The exchange, which is envisioned as a one-stop online shopping center for insurance, expects to enroll more than 80,000 uninsured New Mexicans in insurance plans next year and up to 211,000 people by 2020.

    However, the exchange faces rapidly approaching deadlines under federal law of starting enrollment in October and fully operating in January.

    New Mexico plans to initially rely on a federally operated exchange to enroll individuals but use the state-run system for businesses.

  • Officials break ground on Smith's Marketplace concept

    A broad cross-section of government entities were represented along with high-ranking officials from Smith's and parent company Kroger, as others from Los Alamos gathered for a groundbreaking ceremony Tuesday afternoon that was staged on a mound of dirt near the intersection of Knect and Trinity.

    The officials made their way up onto the mound following a round of speeches heralding the start of construction for the long-awaited project. Kroger and Smith's executives said the new Smith's Marketplace is going to be unique in relation to any other store among the holdings of the nation's largest retail grocer. 

    The 110,000 square-foot store is scheduled to open before Thanksgiving 2014.

    See more on this in the Los Alamos Monitor and in the Multimedia section here on LAMonitor.com.

  • Raton Range closes, publisher hopes not for good

    RATON, N.M. (AP) — The Raton Range, a biweekly newspaper serving the communities along New Mexico's northeastern border with Colorado, has ceased publication.

    In a letter posted on the newspaper's web site, publisher Paula Murphy apologizes to readers for failing to deliver Friday editions, citing the high costs of printing and the shrinking population in Raton.

    She says the company is saddled "with so much debt that it would take the glory days of advertising revenue to pay it back."

    Still, she says she is an optimist and is working on one more potential option for saving the publication where she has worked for 28 years. Murphy says she cannot say with any certainty that it will work, but she hopes it will. "So this may not be our death, but merely a regrouping. "

  • Salvaging The Future

    Some might at first think of Brian Kelley as a modern-day Sanford and Son, turning one man’s electronics trash into another’s treasure.

    As computers, Smartphones and other trappings of the 21st century permeate virtually every aspect of life; an issue arises in terms of how best to dispose of outdated devices.

    The one place they shouldn’t be is in a dumpster or trash can. In many cases, these machines that in proportion can contain as much metal, plastic and toxic materials as a subcompact car, disposing of a computer properly can be a pretty involved task.

    Unless, of course, you live or work in Los Alamos. In that case, all you have to do is call “Azazo Recycling” at 500-0569 and they will drop by free of charge whether you’re resident or business, pick up your old machine and dispose of it properly. Or, you can drop by the business at 3540 Orange Avenue, Room LV-1.

    Azazo creator and owner Brian Kelley knows a lot about computers and other electronica, as well as the harm they can do to the environment when they are just tossed in the trash. He sees his business as a kind of salvage yard of the future. That’s the reason he started Azazo Recycling, to make sure as much of Los Alamos’ “e-waste” comes his way instead of the landfill.

  • Business Spotlight: Therapist seeks to heal using alternative method

    There have been several new tenants to open up shop in the Small Business Center recently and mental health counselor Lori Padilla is among them. Padilla is a therapist that specializes in the technique of “psychodrama and action methods.”

    Born and raised in Los Alamos, she works on a part-time schedule, splitting time with her full time job at the Los Alamos National Laboratory. She has worked for LANL for 31 years. Padilla has been taking clients on an a      ppointment-only basis for the past four months.

    “I plan to retire from the lab in the next couple of years, so I can work as a therapist full-time,” she said.
    Padilla has a bachelor’s degree in organizational psychology, a master’s degree in counseling from the College of Santa Fe and a certificate in psychodrama and action methods from Southwestern College in Santa Fe. She is also licensed LHMC in the state of New Mexico. She received her license in 2012.

    “I use techniques from the schools of Psychodrama and Actions Methods, Interpersonal Neurobiology and trauma therapy,” Padilla said. “About 17 years ago, I first participated in a group process where these methods were used.”

  • Business Spotlight: U-Haul opens in Pueblo Complex

    With a nice smile, head for business and a professional can-do attitude, Victoria Work is certainly the kind of U-Haul dealer you’d want to help guide you through a stressful move. But she admits she only wears the trademark uniform on occasion.

    “My mother always told me to dress like a proper lady,” she said, sitting behind a desk at her new U-Haul store inside the Pueblo Complex in Los Alamos, dressed in a fun yet modest looking skirt, complete with a leather pair of silver toned sandals and a snappy set of earrings.

    But don’t let the outside fool you; Work is all business, coming from a family of business people. If you’ve been around these parts for a while, you may remember John Work, her father, who managed White Rock Builders and was also a general contractor.

    It’s been a busy past couple of weeks for Work, as she has been busy starting up her U-Haul business here in Los Alamos while at the same time keeping track of what’s going on at her other U-Haul store in Pojoaque, called “Valley-U-Stor-It.”

    With her son also in the moving business with a company called “Moving Angels,” the Work family is pretty much a fixture in the moving business. She started the Pojoaque business in October of 1986, and she added the U-Haul side of it in 1996.

  • Microsoft reshuffles company structure

    NEW YORK (AP) — Microsoft Corp. is reshuffling its business in an attempt to promote faster innovation and a sharper focus on devices and services. The move by the world's largest software maker comes amid lukewarm response to the latest version of its flagship Windows operating system and a steady decline in demand for PCs as people turn to tablets and other mobile gadgets.

    CEO Steve Ballmer said in a memo to employees Thursday that the changes mean the company is "rallying behind a single strategy" and organizing by function. While it has been widely anticipated, it's too early to tell how well the reorganization will help Microsoft compete with more nimble rivals like Apple and Google.

    "You don't make massive, sweeping changes like this unless something is wrong," said Colin Gillis, an analyst at BGC Financial, pointing to Wednesday's reports of declining PC shipments around the world.