Stocks rally; S&P 500 has best day of 2014
Tue, 21 Oct 2014 21:12:10 +0000
NEW YORK — The U.S. stock market marched higher Tuesday, giving the Standard & Poor's 500 index its best day of the year.
Investors rallied behind an encouraging report on the Chinese economy as well as strong quarterly results from Apple and other big companies.
The market continues on its recovery from last week's swoon and has now erased much of its losses over the last two weeks.
Jacksonville-based FIS names Norcross as new CEO of banking tech corporation
Tue, 21 Oct 2014 18:54:07 +0000
Jacksonville-based FIS has appointed a new president and CEO in Gary A. Norcross, who will take over the helm of the banking and payment technology company Jan. 1.
Norcross, who is currently president and chief operating officer, will be replacing current FIS CEO Frank R. Martire. Martire has been the FIS CEO for five years and is moving into the position of executive chairman of the board of directors, an FIS news release said Tuesday.
Work Wanted: Conquering fear in the workplace - of being eaten alive
Tue, 21 Oct 2014 18:47:30 +0000
Ernest Hemingway once wrote: “The best way to find out if you can trust somebody is to trust them.” Going first is one of the principles of creating a Green Zone culture in your company. Going green, in this context, is about creating space where organizational trust, emotional commitment, and collaboration rule.
JAX Chamber board officially opposes legalizing medical marijuana
Tue, 21 Oct 2014 16:53:36 +0000
The JAX Chamber board of directors formally came out in opposition to the Florida ballot initiative that would legalize the use of medicinal marijuana.
Early voting is already underway this week where voters are considering Amendment 2 on the ballot among other electoral issues and political races with the Nov. 4 election day approaching. But Tuesday, the JAX Chamber officially opposed the referendum question because of its wording “ambiguity” and, the board said, it would be bad for business, despite figures from the marijuana lobby that state otherwise.
U.S. airlines raise base fares on domestic flights
Mon, 20 Oct 2014 22:50:19 +0000
DALLAS — U.S. airlines are raising base fares on many domestic flights even though they are getting a windfall from lower fuel prices.
JetBlue Airways raised fares by $4 per round trip on a small number of routes Thursday, and Delta Air Lines picked up and greatly expanded the breadth of the increase, according to FareCompare.com CEO Rick Seaney and J.P. Morgan analyst Jamie Baker.
The hike got an important boost when Southwest matched it a day later. Other airlines often drop price hikes if they are resisted by Southwest, which carries the most domestic passengers.
Apple reports record 39.3 million iPhone sales
Mon, 20 Oct 2014 21:38:00 +0000
SAN FRANCISCO — Excitement for Apple's new iPhone 6 and 6 Plus models drove sales of a record 39.3 million iPhones in the last quarter, boosting the company's earnings and revenue well above expectations.
All told, the company sold $23.7 billion worth of iPhones, beating the $21.5 billion in sales expected by analysts polled by FactSet. Apple's signature smartphones are the company's biggest source of revenue and profit.
Career Track: Business and organizational promotions and changes
Mon, 20 Oct 2014 19:13:02 +0000
Kenny Knabb has joined Campbell Plumbing Contractors Southeast, Inc. Knabb brings 40 years of industry experience to Campbell and will serve as Senior Project Manager and Estimator.
Davidson Realty Inc. hired Sharminee Lopez to its real estate team.
Allstate agency owner Stephanie Ando has been designated an Allstate Premier Agency for 2014.
Ando received this designation for her outstanding business performance and commitment to putting customers at the center of her agency’s work.
Winn-Dixie inks NASCAR deal to sponsor Talladega
Mon, 20 Oct 2014 17:50:15 +0000
Jacksonville-based Winn-Dixie supermarkets Monday announced a major sports sponsorship deal with NASCAR.
Winn-Dixie, which is a subsidiary of Bi-Lo Holdings, entered into a partnership with Talladega Superspeedway to be one of the primary sponsors of the Winn-Dixie 300 in Talladega, Ala. as part of the NASCAR XFINITY Series race set for May 2, a news release said.
Company officials said they targeted the race for sponsorship in part because they have 68 Winn-Dixie stores in Alabama and many of their customers are NASCAR fans. Financial terms of the deal were not disclosed.
Canadian Pacific ends merger talks with Jacksonville-based CSX
Mon, 20 Oct 2014 15:02:16 +0000
Canadian Pacific Railway has ended talks with U.S. counterpart CSX about a possible combination and plans no more discussions.
The railway operator did not say on Monday why it ended talks, but it did note in a brief statement that regulatory concerns appear to be a major deterrent for railroads considering combinations.
A CSX spokeswoman declined to comment on Canadian Pacific's statement.
Truck technology targets collision avoidance to limit damage on highways
Sat, 18 Oct 2014 22:06:11 +0000
On May 31, Kris Ruiz, 25, of Palm Coast and his 1-year-old son Jonathan were only minutes from their exit off Interstate 95 when traffic on the busy highway slowed to a stop because of an accident miles ahead.
As the two sat on the interstate in his Honda Civic, Kris had no idea an 18-wheel Freightliner was rapidly approaching from the rear. For unknown reasons, Barbara Pennington, 50, the driver of the semi, failed to notice that the Ruiz car and other vehicles were not moving and slammed into the stopped traffic.
First Coast jobless rate falls nearly an entire percentage point in September
Fri, 17 Oct 2014 19:58:10 +0000
September unemployment figures for the First Coast show a big slide in the jobless rate with a drop of nearly an entire percentage point, according to a University of North Florida economist.
The seasonally adjusted unemployment rate for the market survey area of Duval, St. Johns, Nassau, Clay and Baker counties dropped from 6.47 percent in August to 5.68 percent in September, said Paul Mason at UNF.
“It’s very significant. I don’t remember such a dip in quite some time,” Mason said.
Audrey Moran selected as chairwoman-elect of JAX Chamber
Fri, 17 Oct 2014 14:29:29 +0000
JAX Chamber has selected local business and charity leader Audrey Moran as its new chairwoman.
In a news release Friday, chamber officials said the board of directors selected Moran as chairwoman-elect. She becomes chairwoman of the board of governors in January and in 2016 becomes chairwoman of the board of directors. Moran is the senior vice president for social responsibility and community advocacy at Baptist Health. She also serves on the JAX Chamber board of directors. Moran mounted an unsuccessful bid for mayor of Jacksonville in 2011.
Local businesses combat breast cancer
Fri, 17 Oct 2014 13:32:23 +0000
Breast cancer awareness can be a pink pest-control sign, pink football uniforms or real green dollars.
Plenty of businesses, non-profits and hospitals around the First Coast try to find creative ways to support breast cancer awareness and research in October which is set aside to increase awareness about the disease.
Bug Out Service, a local pest control company, put pink ribbons on its signs planted in lawns.
Research is the Answer, a local all-volunteer non-profit, raises money year-round with different events.
New owners of Jacksonville's Jones College radio say with big changes coming, easy listening fans still have alternatives
Thu, 16 Oct 2014 21:15:31 +0000
Last updated at: 10/22/2014 10:25:51 AM ET
As a format change nears for Jacksonville’s Jones College stations, the new owners are advising easy listening music fans that they can easily find their favorite music elsewhere.
Officials with Educational Media Foundation say the smooth sounds currently carried on WKTZ (90.9 FM) and WJAX (1220 AM) could be switched to Christian music by the end of November. Jones College agreed to sell the frequencies to EMF for about $3.38 million, a move approved by the Federal Communications Commission with the actual financial transaction expected to be completed in November.