Thursday, September 20, 2018

Business News

Too many homeowners forced to tap home equity to pay for day-to-day expenses
Homeowners tap home equity to pay for routine expenses. (Times files)
Tapping home equity to pay for day-to-day expenses like groceries and utilities is a recipe for financial peril. It can work for a while, especially if home prices are rising. Eventually the spigot runs dry, bills pile up and your home can be lost to...
Marty Petty, president and CEO of the MPetty Group, and Chico's FAS CEO Shelley Broader on stage at a women's leadership luncheon at the Vinoy hotel. (SARA DINATALE | TIMES)
Former Tampa Bay exec and Chico’s CEO Shelley Broader discusses changing retail in St. Pete visit
An analysis by iSeeCars shows that in Tampa Bay, Toyota Priuses are the fastest-selling used vehicle in the area, averaging 19.2 days on the market. Picured is a Toyota Prius. (AP Photo/Toyota, 2005)
Tampa Bay’s fastest selling used car is a Prius. Do you drive the slowest selling car?
MLMC Florida, which plans to open a $10 million factory in Plant City, turns non-recyclable coated paper and cardboard, Styrofoam, plastic films, wood materials and other process or packaging materials into these energy-dense fuel it calls Enviro-Fuelcubes. The cubes are engineered to augment or take the place of fossil fuels such as coal. Moreover, the company has developed its own patented fuel injection technology for use in power plants or rotary kilns that make cement and lime. (Photo courtesy MLMC Florida, via Tampa Hillsborough Economic Development Corp.)
Colorado-based alternative fuel company to hire 45 at new $10 million factory in Plant City

Top Business News

PolitiFact: What percentage of Americans own stocks?

PolitiFact: What percentage of Americans own stocks?

The statement"Most Americans don’t own stocks."U.S. Rep. Ro Khanna, D-Calif., Sept. 12 in a Facebook postThe rulingThe Dow Jones Industrial Average has risen by 32 percent since President Donald Trump took office. But are Americans overall benefiting...
Updated: 2 hours ago
Publix has pumpkin spice everything on sale, and other deals this week in coupons (Sept. 20-26)

Publix has pumpkin spice everything on sale, and other deals this week in coupons (Sept. 20-26)

Sometimes, the coupon gods align. And, man, that’s beautiful because everyone loves so-cheap-it’s-almost-free stuff.Vegetarians rejoice: This week’s steal of a deal is for you. Publix has Quorn "chick’n" nuggets and patties on BOGO (buy one, get one)...
Published: 09/20/18
Homes sales jump in Pinellas and Hillsborough in August after months of declines

Homes sales jump in Pinellas and Hillsborough in August after months of declines

Home sales in August hit their highest levels in a year in Pinellas and Hillsborough counties as prices throughout the Tampa Bay area continued to rise. In Pinellas, sales of single-family homes jumped nearly 7 percent from the same month a year ago....
Published: 09/20/18
Pinellas County strikes bed tax deal with VRBO, HomeAway and other AirBnb competitors

Pinellas County strikes bed tax deal with VRBO, HomeAway and other AirBnb competitors

The Pinellas County Tax Collector’s Office will start collecting bed tax dollars from a slew of home rental apps that operate similarly to AirBnb starting Oct. 1.Prior to the new partnerships with TripAdvisor and Expedia, only AirBnb had set up to pa...
Published: 09/19/18
Study: Tampa International Airport ranks fourth best for satisfying travelers

Study: Tampa International Airport ranks fourth best for satisfying travelers

Times Staff WriterTampa International Airport was named the fourth-best large airport in the U.S. at keeping travelers satisfied, according to a study by J.D. Power released Wednesday.Meanwhile, the study ranked Orlando International as the country’s...
Published: 09/19/18

Business News

St. Pete approves biggest budget in city history: $717 million

St. Pete approves biggest budget in city history: $717 million

ST. PETERSBURG — The City Council blessed the largest budget in city history on Thursday night, adopting a $717 million budget that starts Oct. 1.The 2019 budget is about $200 million more than the current budget. That massive increase was driven by ...
Updated: 3 hours ago
Marijuana use is now as common among baby boomers as it is among teens, federal data show

Marijuana use is now as common among baby boomers as it is among teens, federal data show

Talk to your grandparents about marijuana - before somebody else does.The latest release of a massive federal drug use survey shows monthly marijuana use has skyrocketed among older Americans. The past decade, in fact, has seen a sea change in the de...
Updated: 6 hours ago
Cargill recalls more beef on E.coli worries from Colorado plant tied to previous recall

Cargill recalls more beef on E.coli worries from Colorado plant tied to previous recall

Cargill Inc. is recalling more than 132,600 pounds of ground beef possibly contaminated with harmful E. coli bacteria that food-safety investigators believe has already caused 17 illnesses and one death.The beef originated at a Cargill slaughterhouse...
Updated: 10 hours ago
Floridan hotel misses deadline, faces hearing on repairs to keep more concrete from falling

Floridan hotel misses deadline, faces hearing on repairs to keep more concrete from falling

TAMPA — When a chunk of concrete fell off the Floridan Palace Hotel last month, injuring a woman who was struck by debris, city officials gave the historic building’s owners a deadline to submit an engineering report and make repairs.That deadline ca...
Published: 09/20/18
Valet parking? A concierge? Midtown Tampa outlines plans for an amenity-rich office building

Valet parking? A concierge? Midtown Tampa outlines plans for an amenity-rich office building

TAMPA — A sudden boomlet in premium office space is getting boomier as developers detail their plans for the first of three office buildings planned at Midtown Tampa, a $500 million mixed-use development near Interstate 275 and N Dale Mabry Highway.M...
Published: 09/19/18
Home refinancings up dramatically in the Tampa Bay area

Home refinancings up dramatically in the Tampa Bay area

Counter to the national trend, refinancings in the Tampa Bay area increased in the second quarter of this year. According to ATTOM Data Solutions, lenders originated 41 percent more refinancing loans in April, May and June than they did in the same p...
Published: 09/19/18
Daniel Ruth: City owes Gonzmart and Princess Ulele more than a notice of code violation

Daniel Ruth: City owes Gonzmart and Princess Ulele more than a notice of code violation

This has to be height of bureaucratic pettiness, especially for a city whose track record in promoting quality public art falls somewhere between stick figures and finger puppets.Richard Gonzmart is a community treasure. As the force behind a number ...
Published: 09/19/18
‘Something fishy’ about sale of a golf-course villa in Seminole

‘Something fishy’ about sale of a golf-course villa in Seminole

SEMINOLE — There were so many unusual aspects to the sale of a certain Seminole villa that it’s hard to know where to begin. Is it with the fact the villa sold for $100,000 despite a cash offer of $128,700? Is it that the buyer was a Realtor in the s...
Published: 09/19/18
New restaurants: Olivia from Chris Ponte, Crabby Bill’s Off the Hook

New restaurants: Olivia from Chris Ponte, Crabby Bill’s Off the Hook

COMING SOON: OLIVIAChris Ponte, right, has been a steady and notable culinary leader in our area for more than a decade with his flagship restaurant Cafe Ponte in Clearwater. A couple of years ago he mixed things up a bit by debuting On Swann in Hyde...
Published: 09/19/18
AutoNation CEO Mike Jackson steps down after 20 years in driver’s seat

AutoNation CEO Mike Jackson steps down after 20 years in driver’s seat

Associated PressFORT LAUDERDALE — Mike Jackson is stepping down after almost two decades leading AutoNation, the nation’s largest dealership chain. Jackson, 69, steered AutoNation through the economic crisis and shares have increased fourfold since h...
Published: 09/19/18