Friday, May 25, 2018

Beyond Tampa Bay: business briefs

Results at Ford Motor Co. could test investors' willingness to hang in during a year of lower profits on the promise of better returns ahead. Ford said Thursday its first-quarter net income fell 39 percent to $989 million, or 24 cents per share. That's down from $1.64 billion, or 41 cents per share, in the January-March period a year ago. Dearborn-based Ford had warned that this year would be leaner than 2013, when it enjoyed a near-record pretax profit of $8.65 billion.

For the first time, General Motors Co. could have an official of the United Auto Workers union on its board of directors. UAW Vice President Joe Ashton was nominated to a board seat controlled by a UAW trust fund that pays retiree health care bills. He plans to retire from his union post in June. The move, which would be considered common in Europe, is a first for General Motors, and a sign of how the relationship between the company and the union has changed in the past decade.

Burger King reported a higher first-quarter profit as cost-cutting offset weak sales in the United States. The Miami-based chain said Friday global sales at established locations rose 2 percent as stronger results overseas boosted a 0.1 percent increase in the United States. McDonald's, Taco Bell and Dunkin' Donuts also reported underwhelming U.S. sales for the first three months of the year, citing the bad weather.

Philadelphia's two largest newspapers will be sold at an ascending-bid auction open only to insiders, a Delaware judge ruled Friday. The decision is a victory for majority owner George Norcross in his fight for control of the Philadelphia Inquirer and Philadelphia Daily News. Norcross and fellow investor Lewis Katz have been locked in a fight over how to run the company, prompting the troubled media company's latest sale. Both men have pledged to open with a starting bid of $77 million, which would make their 2012 investing partners whole.

Comments
Rick Scott, GOP House leaders cut drug programs, slashing hundreds of jobs

Rick Scott, GOP House leaders cut drug programs, slashing hundreds of jobs

Gov. Rick Scott and leaders of the Florida House rejected appeals to save $28 million in prison programs Friday, choosing instead to allow hundreds of layoffs at inmate transition and treatment programs throughout the state when the programs close at...
Updated: 18 minutes ago
Did the NFL really need a national anthem policy?

Did the NFL really need a national anthem policy?

Before we even get going, let me be clear about something.This is not a column making an argument about whether or not NFL players should be able to kneel in protest during the national anthem.That topic has been debated repeatedly, loudly and passio...
Updated: 20 minutes ago
Florida’s smoking ban on medical marijuana struck down by judge

Florida’s smoking ban on medical marijuana struck down by judge

A Leon County circuit court judge ruled Friday afternoon that the state's ban on smoking medical marijuana is unconstitutional, setting up continued legal fights as the state appeals the decision.In a 22-page order, Judge Karen Gievers said that the ...
Updated: 29 minutes ago
Rays trade Alex Colome and Denard Span to Mariners for prospects

Rays trade Alex Colome and Denard Span to Mariners for prospects

The Rays made a major trade Friday afternoon, sending All-Star closer Alex Colome and OF Denard Span to the Mariners.The return is two minor-leaguers, RHP Andrew Moore and RHP Tommy Romero. The Rays also sent cash to the Mariners.Span, a Tampa produc...
Updated: 1 hour ago
Stand down on anthem, NFL

Stand down on anthem, NFL

Before we even get going, let me be clear about something.This is not a column making an argument about whether or not NFL players should be able to kneel in protest during the national anthem.That topic has been debated repeatedly, loudly and passio...
Updated: 1 hour ago
Disgruntled fans break into Brazil pre-World Cup training

Disgruntled fans break into Brazil pre-World Cup training

Brazil fans have cheered their team in the first and only meeting with players before they travel to the World Cup in Russia, but many others also complained about the squad's lack of contact with local supporters
Updated: 1 hour ago
Authorities: Suspected restaurant gunman had gun license

Authorities: Suspected restaurant gunman had gun license

Authorities: Man suspected of shooting at Oklahoma City restaurant had no obvious connection to victims, had Facebook page describing demons
Updated: 1 hour ago
Teacher who confronted Indiana school shooter lauded as hero

Teacher who confronted Indiana school shooter lauded as hero

Authorities say an Indiana middle school student armed with two handguns opened fire inside his science classroom, wounding a classmate and a teacher whose swift intervention was credited with saving lives
Updated: 1 hour ago
In federal trial, jury finds Hernando deputies’ actions justified

In federal trial, jury finds Hernando deputies’ actions justified

TAMPA — Michael Bratt told a story.He said that Hernando County sheriff’s deputies attacked him in his home early one morning eight years ago, beat him severely on his front lawn, and continued the assault as they took him to a hospital.But another s...
Updated: 1 hour ago
The Latest: Girl critical after Indiana school shooting

The Latest: Girl critical after Indiana school shooting

Police say a female student wounded in a suburban Indianapolis school shooting is in critical condition and the teacher who also was wounded is in good condition
Updated: 1 hour ago