Thursday, May 24, 2018
Business

Alcoa reports larger-than-expected profit for first quarter

Alcoa Inc. kicked off earnings season Monday by reporting a larger first-quarter profit than analysts expected, helped by strong demand for aluminum used to make airplanes and automobiles. The company still sees demand for aluminum growing 7 percent in 2013, with gains cutting across many industries. Alcoa is the first company in the Dow Jones industrial average to report first-quarter results. Because its products wind up in so many things, from cars and buildings to soda cans, investors study Alcoa's results for hints about earnings at companies in other industries.

The U.S. Senate has confirmed Mary Jo White's nomination as chairman of the Securities and Exchange Commission, making her the first former prosecutor to lead the federal agency that oversees Wall Street. White was approved Monday by a Senate voice vote. She will replace Elisse Walter, who has been interim SEC chairman since Mary Schapiro resigned in December. President Barack Obama nominated White, who had served as U.S. attorney in Manhattan from 1993 through 2002.

J.C. Penney is naming Mike Ullman as its new CEO. He takes over from Ron Johnson, who is leaving the company. Ullman was head of the department store chain, based in Plano, Texas, prior to Johnson's appointment to the top spot in 2011 in an effort to halt the chain's sliding earnings. Johnson came under pressure after his turnaround strategy failed to win over shoppers. His drastic changes included slashing the number of sales in favor of everyday low prices, bringing in hipper designer brands such as Betsy Johnson and remaking outdated stores.

United Airlines is putting the Boeing 787 back into its flight schedule, even though the airplane is still grounded by government authorities. United acknowledged on Monday that the plane is in its schedule starting May 31. Travel website Jaunted.com noted a 787 flight from Houston to Denver that day. United Continental Holdings Inc. spokeswoman Christen David said the airline will make more schedule changes as it gets a better idea of when the plane will be cleared to fly.

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Tutor looks to empower athletes in Wesley Chapel

Tutor looks to empower athletes in Wesley Chapel

Rashay Hudson operates a tutoring business in Wesley Chapel, and NaDorian Hudson has played basketball his entire life, including in college and the ABA. Now, the husband and wife duo are combining their areas of expertise with a new program for kids...
Updated: 6 minutes ago
Bar builder finds solid success in Tampa

Bar builder finds solid success in Tampa

TAMPA — Ever since he was a little boy, Chris Davenport loved to build things with Legos and erector sets. As he grew older, he spent time working with his dad, a carpenter, and then took welding classes in high school. While in college studying engi...
Updated: 19 minutes ago
Metro Diner brings fare to South Tampa

Metro Diner brings fare to South Tampa

Metro Diner, having already established several locations across Florida, including St. Petersburg, now brings its large portion-sized comfort food options across the bay.The local diner is slated to open Tuesday (May 29) at 4011 W Kennedy Blvd and w...
Updated: 26 minutes ago
Organic eatery closes doors to Davis Island site for more space

Organic eatery closes doors to Davis Island site for more space

Tasty Roots says goodbye to its current Davis Island location on Saturday (May 26) as it closes to prepare for the opening of a new location in the heart of South Tampa at 3415 W Bay to Bay Blvd.For the last three years, locals have flocked to Tasty ...
Updated: 1 hour ago
Hooper: More than a restaurant, Lee Roy Selmon’s was a meeting place

Hooper: More than a restaurant, Lee Roy Selmon’s was a meeting place

It’s where former Tampa Bay Buccaneers quarterback Doug Williams had lunch with current Bucs quarterback Jameis Winston.It’s where University of South Florida fans often gathered to watch the program’s biggest road games.It’s where folks showed up in...
Updated: 5 hours ago
St. Petersburg City Council throws wrench into Housing Authority’s Jordan Park plans

St. Petersburg City Council throws wrench into Housing Authority’s Jordan Park plans

ST. PETERSBURG — The City Council rejected a request from the St. Petersburg Housing Authority for a letter the agency said would help it proceed with a $43 million makeover of Jordan Park.There’s also a question about whether the housing authority, ...
Published: 05/24/18
What’s bringing that new $50 million boutique hotel to Ybor City? It’s not just the local history

What’s bringing that new $50 million boutique hotel to Ybor City? It’s not just the local history

TAMPA — The historic charm of Ybor City is only part of the reason developers will break ground today on a $50 million boutique hotel on E Seventh Avenue.Two other key factors are Tampa’s larger business climate and the hospitality market in particul...
Published: 05/24/18
Two vacant lots in the ‘heart’ of St. Petersburg. Why does one look so much nicer?

Two vacant lots in the ‘heart’ of St. Petersburg. Why does one look so much nicer?

ST. PETERSBURG — When several old buildings on the 400 block of Central Avenue were demolished two years ago, the owners were required to attractively fence and landscape the property. The reason? To avoid having an unsightly vacant lot in the "heart...
Published: 05/24/18
Birchwood owner will open a three-story restaurant and bar at St. Petersburg pier

Birchwood owner will open a three-story restaurant and bar at St. Petersburg pier

ST. PETERSBURG — Chuck Prather, owner of the Birchwood in St. Petersburg, returned from his daughter’s Maine wedding this week with an exciting announcement of his own. On June 7 the St. Petersburg City Council is expected to sign off on him being on...
Updated: 4 hours ago
St. Petersburg’s Jabil expands in Israel with new innovation center

St. Petersburg’s Jabil expands in Israel with new innovation center

St. Petersburg-based contract electronics company Jabil announced Wednesday it has expanded in Israel by opening an Optics Technology Innovation Center.The 6,560-square-foot complex is in Haifa, Israel’s third-largest city. "Our Optics Innovation Cen...
Updated: 4 hours ago