Sunday, October 14, 2018

Business News

What Red Tide? New Florida tourism campaigns promote museums, craft beer and local experiences
Ferrell Alvarez, center, enjoys drinks outside Tampa's Ulele. Visit Florida has launched a new campaign targeting millennials interested in experiencing Florida like a local.
[Video screen grab courtesy of Visit Florida]
Visit Florida’s latest ad campaign doesn’t feature sprawling beach scenes with toes in the sand. Instead, look for craft beers, restaurants, museums and murals — a move designed to hook millennial travelers seeking to experience...
CoreLogic projects that wind and storm surge caused between $3 billion and $5 billion in insured losses across all states the storm passed through. Of that, Florida is expected to account for $2.5 billion to 4 billion. Pictured is scattered debris and damage along  Shell Point Beach homes the day after Hurricane Michael struck the Florida Panhandle. [BRONTE WITTPENN   |   Times, 2018]
Report: Insured damages for Hurricane Michael pegged at $3B to $5B
More than 350,000 Floridians were still without power Friday morning according to the Florida Division of Emergency Management. Pictured is the coastal township of Mexico Beach, population 1200, lay devastated Thursday, the day after Hurricane Michael made landfall nearby and would go on to thrash the Florida Panhandle. [DOUGLAS R. CLIFFORD  |  Times, 2018]
Roughly 350,000 still without power in Panhandle Friday morning
Mexico Beach, population 1,200, lay devastated on Thursday, the day after Hurricane Michael made landfall nearby. [DOUGLAS R. CLIFFORD  |  Times]
Hurricane Michael reminds us it’s past time to get smarter about where we build

Top Business News

Stock market drops for a second straight day, dragging many Tampa Bay area stocks down with it

Stock market drops for a second straight day, dragging many Tampa Bay area stocks down with it

Stocks fluctuate, and on Thursday, they fluctuated downward for a second straight day, dragging share prices for many of the Tampa Bay area’s biggest publicly traded companies with them.Among major local companies, Raymond James Financial saw the big...
Published: 10/11/18
Nearly 150,000 in Panhandle still without power post-Hurricane Michael

Nearly 150,000 in Panhandle still without power post-Hurricane Michael

Since Hurricane Michael’s exit from Florida, utilities in the Panhandle have been working to restore power to parts affected by the devastating Category 4 storm. As of late Thursday afternoon, roughly 140,000 remained without power in the Panhandle. ...
Published: 10/11/18
Report: Hurricane Michael insured losses could total up to $4.5B

Report: Hurricane Michael insured losses could total up to $4.5B

Panhandle residents and insurers are still making their way back to assess the damage, but some early projections are in: For Florida, Hurricane Michael likely will not be as costly as last year’s Hurricane Irma."Our expectation is that the loss is n...
Published: 10/11/18
In Tampa Bay, larger cars hold their value the best

In Tampa Bay, larger cars hold their value the best

Looking to buy a new car that holds its value? In Tampa Bay, think big. According to an analysis by iSeeCars, the bay area vehicle with the lowest depreciation over five years is a Jeep Wrangler Unlimited. They average just 26 percent depreciation ov...
Published: 10/10/18
Updated: 10/11/18
Macy’s at Tyrone Square Mall opens new furnishings section

Macy’s at Tyrone Square Mall opens new furnishings section

ST. PETERSBURG — The Macy’s at the Tyrone Square Mall has devoted 14,000 square feet to a new mattress and furniture department. The chain says customers have been showing a growing interest n home furnishings and decor. The new area has lifestyle an...
Published: 10/11/18

Business News

Bucs receiver helps welcome MOD Pizza to Lutz

Bucs receiver helps welcome MOD Pizza to Lutz

MOD Pizza celebrated the grand opening of its first Tampa location on Oct. 9. Pizza sales from that day were donated to The foundation for Bucs receiver Mike Evans, a non-profit private agency dedicated to supporting, empowering, encouraging and moti...
Published: 10/11/18
With few seeing second act for Sears, company shares routed

With few seeing second act for Sears, company shares routed

Associated PressNEW YORK — Sears is being pummeled before the opening bell on a report that banks are pushing the 130-year-old retailer to liquidate. The report Thursday in The Wall Street Journal comes one day after stock in Sears Holdings Corp. tum...
Published: 10/11/18
Stock plunge extends to world markets as Wall Street set to fall again

Stock plunge extends to world markets as Wall Street set to fall again

World stock markets sank Thursday, extending losses from Wall Street, as investors worried that higher interest rates will dent company earnings and a trade war will crimp global business.
Published: 10/11/18
Tampa Bay cracks national Top 10 list for real estate investors

Tampa Bay cracks national Top 10 list for real estate investors

It’s taken 40 years but the Tampa Bay area has finally been named one of the nation’s top 10 markets for real estate investors.And we’re not talking just house flippers but also big-time investors prepared to sink millions into warehouses, office bui...
Published: 10/10/18
Updated: 10/11/18
Duke Energy expects up to 200,000 will lose power from Hurricane Michael

Duke Energy expects up to 200,000 will lose power from Hurricane Michael

Tampa Bay utilities started sending crews north to help the Panhandle after historic Hurricane Michael made landfall on Wednesday.Duke Energy Florida, which serves the Panhandle, expects a total of 100,000 to 200,000 customers will lose power as a re...
Published: 10/10/18
Dow sinks 800 as tech companies swoon

Dow sinks 800 as tech companies swoon

The Dow Jones Industrial Average plunged more than 800 points, its worst drop in eight months, led by sharp declines in technology stocks.Rising bond yields have been drawing investors out of the stock market, and the best-performing stocks over the ...
Published: 10/10/18
Valley National Bank, which bought USAmeriBank, now ‘Valley’

Valley National Bank, which bought USAmeriBank, now ‘Valley’

Valley National Bank, a New Jersey-based bank with 15 locations in Tampa Bay, is rebranding as "Valley." The news comes 10 months after Valley entered the market with the $816 million acquisition of Tampa’s US AmeriBank.The makeover will include a ne...
Published: 10/10/18
Threaten a Tampa Electric employee? Your service might be cut off

Threaten a Tampa Electric employee? Your service might be cut off

TAMPA — Tampa Electric Co. is fed up with customers threatening its employees with physical harm or death. So much so that in a recent filing with state regulators, the Tampa utility asked for permission to take a firmer hand with those who mean harm...
Published: 10/10/18
Joe Henderson: It's getting easier getting to Tampa but try getting around once you're here

Joe Henderson: It's getting easier getting to Tampa but try getting around once you're here

If you haven’t been to Tampa International Airport in a while, do yourself a favor and go. The place is sleek, well organized, and has the look of an airport you might expect to see in some exotic city – which, I guess, we can say Tampa...
Published: 10/11/18
Miami medical company will move to Tampa after Dr. Kiran Patel’s $60 million investment

Miami medical company will move to Tampa after Dr. Kiran Patel’s $60 million investment

TAMPA — Cardiologist and entrepreneur Dr. Kiran Patel has invested $60 million in a medical device company whose headquarters will move from Miami to Tampa. The investment in Concept Medical Inc. will pay for clinical studies on cardiac devices coate...
Published: 10/10/18