Top News & Analysis Florida

  • NEW YORK/ LONDON, Sept 21- New York cocoa futures on ICE skidded on Friday to their lowest in a month ahead of the start of the next crop year, while raw sugar ended the week down for the first time in five weeks on expectations that India could subsidize exports. *December New York cocoa settled down $34, or 1.5 percent, at $2,167 a tonne after dipping to a one-month low of...

  • Sept 20- The Dow Industrial Average was the last among Wall Street's main indexes to regain record territory on Thursday, as investor concerns over U.S.- China trade spat cleared away and focus shifted to the strength of the economy. The blue-chip index, which had lagged the Nasdaq and the S&P in its recovery, jumped 1 percent to surpass the level touched on...

  • Sept 20- The Dow and the S&P 500 hit record highs on Thursday, clearing away investors' immediate concerns over trade at the start of this week and leaving Wall Street free to return to a rally that now dates back a decade. Tech stocks were again at the forefront of gains, led by chipmakers and a 1.1 percent rise in Apple, which has drawn heart from the exclusion of some...

  • NEW YORK— Darden Restaurants Inc. reported a boost in first-quarter profit on higher sales at its key Olive Garden and LongHorn Steakhouse restaurants, while raising its outlook for the year. The Orlando, Florida- based company also saw a sharp decline in tax costs, helping to boost the bottom line and beat Wall Street expectations. That topped Wall Street...

  • Attempts by foreign government hackers to break into the personal email accounts of U.S. senators and their aides persist— yet the Senate's security office is refusing to defend them, a lawmaker says. Ron Wyden, an Oregon Democrat, said in a Wednesday letter to Senate leaders that his office discovered that "at least one major technology company" has warned an...

  • Foreign government hackers continue to target the personal accounts of U.S. senators and their aides— and the Senate's security office has refused to defend them, a lawmaker says. Ron Wyden, an Oregon Democrat, said in a Wednesday letter to Senate leaders that his office discovered that "at least one major technology company" has warned an unspecified number of...

  • Also, Florence followed the expected path, making evacuations more successful and keeping more vehicles out of harm's way. Still, Florence is being blamed for at least 37 deaths in three states. Kelley Blue Book Chief Economist Jonathan Smoke estimates that 20,000 to 40,000 vehicles will be total losses due to Florence, while Anil Goyal, executive vice...

  • Sept 19- AutoNation Inc's longtime Chief Executive Officer Mike Jackson will step down from the role next year but remain executive chairman until 2021, the largest U.S. auto retail chain said on Wednesday. AutoNation's stock has more than tripled since Jackson became CEO in 1999 after the company's founder H. Wayne Huizenga hired him from Mercedes-Benz USA,...

  • FORT LAUDERDALE, Fla.— Mike Jackson is stepping down after almost two decades leading AutoNation, the largest dealership chain in the U.S. Jackson, 69, steered AutoNation through the economic crisis and shares have increased fourfold since he took over in 1999, though he will relinquish his role as CEO next year with auto sales waning across the industry.

  • LOS ANGELES, Sept 18- The city of Los Angeles, a leading center of the world's fashion industry, moved on Tuesday toward becoming the largest U.S. metropolis to outlaw the sale and manufacture of most fur products within its limits. Following the lead of San Francisco and two smaller California municipalities, the Los Angeles City Council voted 12-0 to direct the...

  • CARACAS, Venezuela— Venezuelan President Nicolas Maduro said Tuesday that new investments from China will help his country dramatically boost its oil production, doubling down on financing from the Asian nation to turn around its crashing economy. Already a major economic partner, China has agreed to invest $5 billion more in Venezuela, Maduro said...

  • Sept 18- Insurance Commissioner Dave Jones on Tuesday filed a complaint on behalf of the State of California against AbbVie Inc, alleging the drugmaker gave illegal kickbacks to healthcare providers to prescribe its blockbuster drug, Humira. AbbVie shares fell 2.5 percent to $92.98 on Tuesday afternoon. The case...

  • The SEC on Tuesday said SeaWorld and Atchison downplayed the documentary's impact from Dec. 2013 to Aug. 2014, even as bad publicity began hurting attendance and SeaWorld' s reputation. SeaWorld' s share price tumbled 32.9 percent on Aug. 13, 2014, wiping out more than $832 million of shareholder value, after the Orlando, Florida- based company finally acknowledged...

  • The SEC's complaint alleged SeaWorld and former CEO James Atchison made misleading and false statements or omissions in SEC filings, earnings releases and calls about the documentary's impact on the company's reputation and business from December 2013 to August 2014. In August 2014, SeaWorld for the first time made a filing with the SEC that revealed the...

  • The local Teamsters union had asked that the five-to-six-dozen drivers be included in their bargaining units, and in May, a regional director of the labor board ruled in their favor. The Teamsters already represented bus drivers, as well as costumed characters at Disney World. "I have never asked Teamsters or any other union to represent me in my job at Disney, nor...

  • Sept 18- U.S. stocks rose on Tuesday led by the technology and consumer sectors, as investors judged the latest exchange of blows in a trade war with China less damaging than first feared. President Donald Trump's 10 percent duties on some $200 billion worth of Chinese goods spared a range of consumer technology products including Apple and Fitbit smartwatches,...

  • Sept 18- U.S. stock index futures pointed to a higher open for Wall Street on Tuesday, buoyed by a rise in oil prices and concessions that analysts said made the latest round of trade tariffs on China less damaging than initially feared. Collection of the tariffs on the U.S. list will start on Sept. 24 but the rate will only rise to 25 percent by the end of 2018, although...

  • TOLEDO, Ohio— There are spicy beers and even peanut butter beers, made to stand out on crowded shelves. The ghastly-looking "Alegae Bloom" beer made by Maumee Bay Brewing Co., which relies on Lake Erie for its water, is a good conversation starter that reminds customers about the toxic algae that show up each year in the shallowest of the Great Lakes, said brewery...

  • CHICAGO, Sept 18- Discount supermarket chain Aldi Inc said on Tuesday that it was expanding its Instacart grocery delivery tie-up to 35 U.S. states from four cities in time for the start of the all-important holiday spending season. Seeking to drive online sales, Aldi began working with Instacart Inc last year to deliver groceries in Atlanta, Chicago, Dallas and...

  • LOS ANGELES— After announcing that he'll take the first-ever commercial rocket trip around the moon, Yusaku Maezawa said he wants company for the weeklong journey. The Big Falcon Rocket is scheduled to make the trip in 2023, SpaceX founder Elon Musk announced at an event Monday at its headquarters near Los Angeles. Musk said the entrepreneur, founder of Japan's...