Crushed by the housing crash, Tampa is still seeing some weakness but is finally beginning to return to a normal market pace.» Read More
Edouard, a Category 3 hurricane on the Saffir-Simpson scale, had top sustained winds of 115 miles per hour by 11 a.m. AST and was swirling 420 miles east of Bermuda, the Miami- based agency said.
NEW YORK, Sept 16- Eagle Merchant Partners, a private equity firm, is exploring a sale of PODS Enterprises Inc that could value the U.S. moving and storage company at about $1 billion, including debt, according to people familiar with the matter.
LOS ANGELES— Computer-driven cars have been testing their skills on California roads for more than four years— but until now, the Department of Motor Vehicles wasn't sure just how many were rolling around. Google's souped-up Lexus SUVs are the biggest fleet, with 25 vehicles. Google alone is closing in on 1 million miles.
TAMPA, Fla.— Captain Citrus was born in 2011 as a big, fat talking orange wearing a green cape. The Florida Department of Citrus revealed its made-over mascot Tuesday at a comic book store. The agency paid $1 million to Marvel Comics to create the new character in hopes of bolstering orange juice's reputation as a healthy and wholesome drink.
NAPLES, Fla.— Dodging a proxy fight with billionaire Carl Icahn, Hertz has added three of his chosen candidates to the board. Hertz CEO and Chairman Mark Frissora resigned earlier this month for personal reasons.
DUBAI, Sept 16- Investcorp, an alternative investment manager based in Bahrain, said on Tuesday it had acquired a portfolio of office and industrial property assets in three cities in the United States for around $250 million. The purchases, done in separate transactions, were completed by the firm's U.S.-based real estate arm, a statement from Investcorp said.
CARACAS, Sept 16- Buses across jungle borders, boats through Caribbean waters and private flights from small airfields have become a new norm for departing Venezuela as a multi-billion dollar pay dispute turns the country into something of a' no-fly' zone.
'Minecraft' could boost Microsoft's mobile reach. NEW YORK— Microsoft's decision to spend $2.5 billion for the creator of the hit game "Minecraft" could help the Xbox maker grab attention on mobile phones, a new priority for the company. In addition, the founders of Mojang, the Swedish company behind "Minecraft," aren't staying with Microsoft.
CAMDEN, N.J.— A bankruptcy court judge on Monday approved a Sept. 24 auction for the failed $2.4 billion Revel Casino Hotel in Atlantic City after a Florida developer offered $90 million cash for the closed building. Judge Gloria M. Burns approved the auction date along with a $3 million breakup fee that Straub would be paid if the sale to him doesn't go through.
Sept 15- The bankrupt Revel casino hotel in Atlantic City will go to auction on Sept. 24, a judge ruled on Monday, after the only bidder clashed with creditors who wanted to slow the rushed sale.
Industry analysts expect strong growth as the housing market improves, particularly in once hard-hit Sun Belt areas including Phoenix, Miami and San Diego, California, and aging Americans find value in growing old in their homes. They are also being boosted by high-appreciation, gentrifying neighborhoods in older cities such as New York's Brooklyn borough.
NEW YORK— Office Depot is leaving the New York Stock Exchange to list its stock on the Nasdaq. Office Depot's Chief Financial Officer Stephen Hare said Nasdaq is providing "cost effective access to a portfolio of tools and services to reach investors." Office Depot Inc., based in Boca Raton, Florida, has more than 2,000 stores around the world.
Sept 15- Bankrate Inc, which runs financial information websites, said U.S. regulators were investigating its financial reporting during 2012 and that its chief financial officer of eight years had resigned.
CABO SAN LUCAS, Mexico— Residents and tourists hunkered down in shelters and hotel conference rooms overnight as a powerful and sprawling Hurricane Odile made landfall on the southern Baja California peninsula.
NEW YORK— Do you leave a tip in your hotel room for the maid? Marriott is launching a program with Maria Shriver to put envelopes in hotel rooms to encourage tipping. Some 750 to 1,000 hotels will participate from Marriott brands like Courtyard, Residence Inn, J.W. Marriott, Ritz-Carlton and Renaissance hotels.
DENVER— The calls to 911 raised an instant alarm: One caller said he shot his co-workers at a Colorado video game company and had hostages. Another in Florida said her father was drunk, wielding a machine gun and threatening their family. A third caller on New York's Long Island claimed to have killed his mother and threatened to shoot first responders.
WASHINGTON— Income inequality is taking a toll on state governments. "Rising income inequality is not just a social issue," said Gabriel Petek, the S&P credit analyst who wrote the report. Stagnant pay for most people has compounded the pressure on states to preserve funding for education, highways and social programs such as Medicaid.
TALLAHASSEE, Fla.— A new report says a rising concentration of income among the nation's richest households is a problem for Florida because it is one of 10 states most dependent on sales taxes. Florida has no state income tax and its major source of revenue is a 6 percent sales tax.
ATLANTIC CITY, N.J.— The proposed auction date for the Revel Casino Hotel is too soon and a $3 million breakup fee that would go to a Florida developer if he's outbid for the recently shuttered site is inappropriate, a U.S. Bankruptcy Court trustee said.
NEW YORK, Sept 12- The dollar index posted its ninth consecutive week of gains on Friday and the U.S. currency rose to six-year highs against the yen on speculation that the Federal Reserve may strike a more hawkish tone when it meets next week.