Gevo, Colorado biofuels maker, plans 1-for-15 reverse stock split

Colorado biofuels company Gevo Inc. said Monday it will initiate a 1-for-15 reverse stock split effective as of the close of business, with trading resuming on Tuesday on the new, split-adjusted basis.

Shares of Gevo (Nasdaq: GEVO) closed at 17 cents Monday and have traded under $1 a share since the middle of May 2014.

The move was approved by the company’s stockholders as a special meeting on April 13, the Douglas County-based company said.

The reverse stock split will cut the number of outstanding…

Surly Girl shutting down in the Short North

With no girl to run the Surly Girl Saloon, the 10-year Columbus watering hole is shutting down.

The Short North restaurant and bar at 1126 N. High St. expects to close by April 28.

Part of local restaurateur Liz Lessner’s Columbus Food League, Surly Girl shares a trio of partners – Lessner, Carmen Owens and Marcy Mays – all of whom have turned their attentions to other projects.

“When we didn’t have an owner there all the time, we knew it was getting time to close,” Lessner told me.…

Under Armour makes bold expansion in Portland, the home of Nike

Under Armour Inc. is bringing more of the fight to Nike’s backyard.

The company on Monday confirmed it plans to grow its footwear and innovation operations in Portland, Ore. The confirmation followed Portland Business Journal inquiries last week about the sale of a nearly 70,000-square-foot former YMCA immediately south of downtown.

“As Under Armour continues its global expansion, Portland has emerged as a strategic hub for the brand, specifically in footwear and innovation,” the company said in…

Hearing starts in SEC fraud case against Laurie Bebo

After former Assisted Living Concepts Inc. CEO Laurie Bebo failed in her efforts to block a U.S. Securities and Exchange Commission fraud case against her, an administrative law hearing started Monday in Milwaukee.

Bebo appeared at the hearing with her attorneys from Reinhart Boerner Van Dueren SC, Milwaukee. Also at the federal courthouse in downtown Milwaukee were four attorneys from the SEC and administrative law judge Cameron Elliot.

Monday’s hearing started with procedural matters as Elliot…

Construction firms named for riverfront NFL stadium

A consortium of one out-of-town and three local developers has been selected by the St. Louis Regional Convention and Sports Complex Authority to be the construction manager for a football stadium on the north riverfront downtown.

The group, called HCKL Stadium Partners, is comprised of Hunt Construction Group, an AECOM Company, Clayco Inc., Kennedy Associates, Inc. (KAI) and Legacy Building Group.

All four previously worked together when Busch Stadium was built in 2004 for $365 million.

Meanwhile,…