Fourteen of the local stocks tracked by the San Antonio Business Journal increased in value at the close of trading on Friday. GlobalSCAPE’s local stock was unchanged. Abraxas Petroleum Corp. was the local stock market leader on Friday. The stock rose 4 percent. The company searches for crude oil and natural gas in the Rocky Mountain, Mid-Continent, Permian Basin and onshore Gulf Coast, and in the province of Alberta, Canada. The Dow Jones Industrial Average fell 74 points, or 0.58 percent, to close out the day at 12,660...

Below is a wrap-up of all the big stories filed by the Business Journals across Texas in the last 24 hours. • Facebook to file for IPO next week AUSTIN — Social media giant Facebook Inc. may file for its initial public offering as early as on Feb. 1. Facebook is looking at a $75 billion to $100 billion valuation. Click here for the full story. • Three Rivers files for $300 million IPO AUSTIN — Three Rivers Operating Company LLC filed a registration statement with the Securities and Exchange Commission to conduct an initial public offering of stock...

Insight Enterprises Inc. is ending its title sponsorship of the Insight Bowl after 14 years. The Fiesta Bowl, which also runs the annual Tempe bowl game, said it is searching for a new title sponsor and will rename the game."We are grateful to Insight Enterprises for its support and help building the game into a top-tier bowl," said Fiesta Bowl Chairman Duane Woods. "We have enjoyed a long and stable partnership. With our ties to the Big Ten and Big 12 Conferences, an unmatched record of hospitality and a premier location, we believe we have a lot to offer...

The California Public Utilities Commission has fined San Francisco-based Pacific Gas and Electric Company $16.8 million for failure to conduct pipeline leak surveys. PG&E has 10 days to pay the fine to the state’s general fund from shareholder dollars or submit a notice of appeal. The CPUC fined PG&E under its new citation program, created Dec. 1, 2011. Under the program, natural gas companies can be fined by CPUC staff for violating state and federal safety rules. PG&E is the first utility to receive a citation under the program...

A former manager of First Hawaiian Bank branches on Oahu and the Big Island pleaded guilty Friday to a federal charge of embezzling more than $2.6 million, the U.S. Attorney’s office said. Lani Ann Miho, 52. a bank employee for 29 years, was a branch manager and personal banking officer at First Hawaiian Bank branches on Oahu and the Big Island from 2000 to September 2010, U.S. Attorney Florence T. Nakakuni said in a statement. During that time, Miho created about 56 accounts under different names, withdrawing money and using proceeds from recently opened accounts to pay balances due on earlier accounts, and using her position at the bank to keep track of the accounts and pay them before they became delinquent, then converting the funds to her personal use, Nakakuni said...

Anyone who wonders how schools can prepare the next generation for tomorrow’s jobs in technology should consider Google’s Rajen Sheth. The 36-year-old Denver native helped create Google’s Apps products for business, which has 40 million customers, and today he’s product manager for its Chromebook and Chrome browser for businesses and schools. Before Google, Sheth had Stanford University degrees, an internship at Microsoft during the dot-com boom, and Silicon Valley startup experience. But Sheth traces his career success to Cherry Creek High School...

Hawaii Gov. Neil Abercrombie on Friday released more than $15.6 million for capital improvement projects statewide that are designed to improve the state’s public safety, wastewater, civil defense and communications infrastructure. The funds include $6.65 million for repairs and alterations to buildings under the state Department of Public Safety’s jurisdiction, such as the Oahu Community Correctional Center and the Halawa Correctional Facility; $3.5 million for staff positions at the Public Works Division within the state Department of Accounting and General Services; $3...