U.S. stocks notch worst day of year as Greek crisis escalates
Mon, 29 Jun 2015 22:48:15 +0000
NEW YORK — Fears that Greece's troubles could spread through the global financial system shook markets on Monday, driving U.S. stocks to their worst day of the year.
Investors fled from stocks in Europe and the U.S. and retreated to the safety of government bonds. Measures of volatility spiked. In many ways, it looked similar to previous episodes in Europe's long-running debt crisis, except that this time, investors said, they weren't quite as worried.
Boston 2024 Olympics organizers update the city's $4.6B bid
Mon, 29 Jun 2015 22:37:44 +0000
BOSTON — The group trying to bring the 2024 Olympics to Boston released the most detailed look yet at its bid for the Summer Games on Monday, unveiling a $4.6 billion plan it says would create thousands of jobs and housing units, expand the city's tax base and leave behind a vastly-improved regional transit system — all with a $210 million surplus.
Career Track: Professionals on the move in Jacksonville businesses
Mon, 29 Jun 2015 20:05:00 +0000
Volunteers in Medicine welcomed Ann Carey and Michael T. Boylan as new board members.
Carey is vice president and CIO, information technology for St. Vincent’s Health Care. Boylan is president and CEO for WJCT Public Broadcasting.
Simon Property Group announced several new hires for The Avenues mall.
Carla De Maria was hired as director of marketing and business development, Jacqueline Spacek as operations director and Scott Carroll as guest services manager.
Northstar pizza closes downtown
Mon, 29 Jun 2015 16:25:54 +0000
Northstar The Pizza Bar has closed downtown. While the Times-Union has been unable to reach anyone there, owner Kris Kaos posted this on the restaurant’s Facebook page:
“Alright everyone it breaks my heart to have to say this but this weekend is the last weekend northstar will be open. I though about quietly not saying anything and riding off Into sunset but for anyone that knows me that’s not my style. Tonight and tomorrow were throwing down like it’s the first week we opened.
Gas prices begin summer decrease
Mon, 29 Jun 2015 16:16:59 +0000
Gas prices starting dropping around the country in the past week as the Fourth of July weekend approaches.
The average price for a gallon of regular gas fell 2 cents nationally to $2.77, according to AAA. It also fell 2 cents in Florida to $2.69 and 4 cents in Georgia to $2.66.
The average price fell 3 cents in Jacksonville to $2.63 over the past week.
Gas production increases this time of year in anticipation of the summer drive season, a AAA spokesman said, but prices should continue to drop through most of the summer.
Roger Bull: (904) 359-4296
Global stocks stumbling as Greece debt woes escalate
Mon, 29 Jun 2015 15:53:30 +0000
NEW YORK — Global stock markets were falling Monday as concerns mount about potential fallout from Greece's escalating debt woes. The declines were worse in Europe following news over the weekend that Greece's eurozone partners refused to extend the country's bailout program. U.S. government bond prices rose as investors moved money into lower-risk assets.
Jacksonville's Crowley Maritime invests in Caribbean, Central American shipping
Mon, 29 Jun 2015 14:46:53 +0000
Jacksonville’s Crowley Maritime Corp. is increasing its commitment to commerce with Puerto Rico, the Caribbean and Central America by acquiring thousands of pieces of shipping equipment for its ocean liners.
The acquisition of 4,300 additional pieces of equipment includes containers and other apparatus for increased service of the company’s trade lanes. The containers include dry and refrigerated compartments for use in the trade routes. A Monday news release from the company did not say how much Crowley spent on the equipment.
Greece imposes capital controls, banks to remain shut
Sun, 28 Jun 2015 19:23:07 +0000
ATHENS, Greece | Greek banks will remain shut for an unspecified time and the country is imposing restrictions on bank withdrawals following a recommendation by the Bank of Greece, the country's prime minister said Sunday.
Sunday's move comes after two days of long lines forming at ATMs across the country, following Prime Minister Alexis Tsipras' sudden decision to call a referendum on creditor proposals for Greek reforms in return for vital bailout funds.
Sunday Business Notebook: More Fort units for south end of Jacksonville
Sat, 27 Jun 2015 19:54:58 +0000
More apartments are coming to South Jacksonville.
Fort Family Investments paid $2,616,000 for about 11 acres at Gran Bay Parkway and Flagler Center Boulevard in Flagler Center. That’s where it will build a 218-unit apartment complex call Alaqua, Abe Fort said.
It’ll be similar to other Fort projects Cabana Club, Hacienda Club and Galleria at Cabana Club — three-story, garden-style complexes. (If you have four stories, he said, you have to have elevators.)
He expects to break ground in September with move-in starting six months after that.
Local breweries ready with half-gallon growlers as they become legal Wednesday in Florida
Fri, 26 Jun 2015 20:11:43 +0000
Breweries around town have their new glass jugs ready to go — hundreds of shiny half-gallon jugs. Distilleries, too, are expecting increased sales thanks to a new law that, quite simply, allows customers to buy more.
Two new laws take effect next week that ease some of the restrictions that Florida placed on how producers of beer and spirits sell directly to customers.
The one that’s gotten the most attention is the approval of 64-ounce growlers, the jugs that breweries and some retailers fill with draft beer for customers to take home.
Fri, 26 Jun 2015 19:50:40 +0000
Healthcare Navigator, presented by the Health Planning Council of Northeast Florida, 10 a.m., St. Johns County’s Main Library, 1960 N. Ponce de Leon Blvd., St. Augustine. Features information on how to sign up for the Health Insurance Marketplace and how touse the insurance. (904) 301-3678.
Beaches Business Association, 11:30 a.m., Jacksonville Beach Public Golf Course clubhouse, Penman Road. $8, lunch. (904) 476-0607 or bbajax.org.
AAA projects boost in Fourth of July weekend travel
Thu, 25 Jun 2015 20:59:29 +0000
NEW YORK | A stronger economy, rising consumer confidence and cheap gasoline will likely have Americans traveling in big numbers this Independence Day.
An estimated 41.9 million people will travel 50 miles or more from home during the holiday weekend, up 0.7 percent from last year and the most since 2007, right before the recession, according to travel agency and car lobbying group AAA.
Aldi and Wendy's holding job interviews
Thu, 25 Jun 2015 18:57:24 +0000
Last updated at: 6/30/2015 1:22:58 AM ET
Aldi and Wendy’s will have hiring events starting this week.
Aldi is one of the world’s largest grocery chains but is new to the First Coast with stores in St. Augustine, Middleburg and one coming on Southside Boulevard. It will be interviewing at Embassy Suites, 9300 Baymeadows Road, on Tuesday, June 30, 8 a.m.-noon and 1 p.m. to 4 p.m.
The salaries: $11.25 an hour for store associate, $14.25 for shift manager, $21 for manager trainee. Applicants must be 18 with a high school diploma or GED.