Sears refutes report that claims company will close 116 Sears, Kmart stores
Fri, 24 Oct 2014 02:22:35 +0000
NEW YORK — Sears Holdings Corp. discredited a report Thursday that says it will be shuttering 116 Sears and Kmart stores, resulting in the layoffs of more than 6,000 workers.
Seeking Alpha, a crowd-sourced financial news and market tracker, reported that Pennsylvania, Michigan and Indiana will see the most closings. Broken down, closures include 55 Kmart stores, 30 Sears stores and 31 Sears Auto Center locations, according Seeking Alpha, citing liquidation sale notices. Many of the closings are expected to happen before Christmas.
Shares rose on the report.
Thu, 23 Oct 2014 19:49:27 +0000
Beaches Business Association, noon, Jacksonville Beach Public Golf Course clubhouse, Penman Road. Speakers: Janet Adkins (R, incumbent) and Dave Smith (D), candidates for State Representative, District 11. $8, lunch. (904) 476-0607 or bbajax.com.
Kiwanis Club of Jacksonville, 12:30-1:30 p.m., Crowne Plaza Hotel, 1201 Riverplace Blvd. Speaker: Elaine Allen, Community Hospice of Northeast Florida. (904) 398-5566, kiwanisjax.com or email email@example.com.
Jacksonville company cited after worker burned by electricity
Thu, 23 Oct 2014 18:15:39 +0000
The United States Occupational Safety and Health Administration has cited a Jacksonville general contractor over a worker’s injuries.
According to OSHA, a 30-year-old painter working for ShayCore Enterprises was painting the exterior of Total Office Solutions on Emerson Street on June 16 when his ladder came in contact with overhead power lines. He received second and third degree burns and fell to the ground, OSHA reported.
Frontier to stop flights from St. Augustine to Washington, D.C.
Thu, 23 Oct 2014 17:24:52 +0000
Frontier Airlines will discontinue its flights between St. Augustine to Washington, D.C. in January. An airline spokesman said the discontinuation is seasonal and no decision has been made about future service.
Frontier started operating out of St. Augustine’s North Florida Regional Airport in May, the first commercial airline there in six years,k with three flights a week to Trenton, N.J.
In September, it added five flights a week to Washington, D.C.’s Dulles International Airport.
It's Your Money: Budgeting for clothes with a family and seasons
Wed, 22 Oct 2014 16:01:48 +0000
One of the great things about North Florida is that we actually have seasons. As someone who spent most of her life in Southern California, this proved to be quite a shock. When we were making plans to move, one of our biggest criteria was that there wouldn’t be any snow. I assumed that if we were living near the ocean and in a Southern state that the climates would be quite similar. But the temperature changes during the seasons are completely different.
This becomes a budget issue when it comes to clothes.
When the temperatures start to cool, our wardrobes have to change.
Feds order 3 million more vehicle recalls over air bag concerns bringing total to 7.8 million
Wed, 22 Oct 2014 15:53:56 +0000
DETROIT — The U.S. government is telling 3 million more car owners to get their air bags repaired immediately, but its message has generated some confusion about which cars are actually affected.
The government’s auto safety agency is now warning 7.8 million car owners that inflator mechanisms in the air bags can rupture, causing metal fragments to fly out when the bags are deployed. The original warning Monday covered 4.7 million vehicles.
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
Last updated at: 10/25/2014 2:38:26 AM ET
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.