Tuesday, April 24, 2018
Business

Business: Beyond Tampa Bay

All but one of the nation's 30 largest banks are better able to withstand a severe U.S. recession and global downturn than at any time since the financial crisis, the Federal Reserve has determined. Results of the Fed's annual "stress tests" showed Thursday that only Zions Bancorp failed to meet the Fed's minimum level of capital to withstand a crisis. The 30 banks tested included Bank of America, Citigroup, JPMorgan Chase and Wells Fargo.

AT&T will take orders for Samsung's new Galaxy S5 smartphone starting today, while T-Mobile will start Monday. Verizon, Sprint and others are also expected to carry the phone, though details have yet to be revealed. Samsung has said the phone will start shipping worldwide on April 11. The S5 has a 5.1-inch screen, measured diagonally, a 16-megapixel camera and a fingerprint sensor to use in place of a passcode to unlock the phone or make payments through PayPal. AT&T says the phone will cost $200 with a two-year service agreement or $650 without a contract. T-Mobile is charging $660 under its installment plan.



The number of people seeking U.S. unemployment benefits rose 5,000 last week to a seasonally adjusted 320,000, which is close to pre-recession levels and suggests a stable job market. The four-week average of applications, a less-volatile figure, fell 3,500 to 327,000, the lowest since late November, the Labor Department said Thursday. About 3.35 million people received unemployment benefits as of March 1, the latest figures available. That's about 101,000 fewer than the previous week.

Starbucks plans to turn more of its cafes into destinations for beer and wine in the evenings, saying it is looking to expand alcohol sales to "thousands of select stores" over the next several years, although it didn't provide details on an exact time line. The chain first offered beer and wine after 4 p.m. at one of its Seattle cafes in 2010. The drinks are now in about 26 cafes, with plans to reach 40 by the end of this year.

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St. Pete Pier public arts committee to meet with finalists, make decision

St. Pete Pier public arts committee to meet with finalists, make decision

ST. PETERSBURG — The pier public arts committee is expected to decide today which artist or artists will have their work showcased in the new 26-acre Pier District. The committee, which selected six finalists with the help of consultant Ann Wykell, w...
Updated: 2 hours ago
Hernando Chamber boosts small business with videos

Hernando Chamber boosts small business with videos

SPRING HILL — Jaden Trotter claims he was basically shy. When a new sandwich shop opened a year and a half ago, he applied for work as a delivery driver, a job not requiring a lot of people skills.But Ryan Noruzi, owner of the local Jimmy Johns franc...
Published: 04/24/18
Armed Forces History Museum collection has a new home, but new owner is a mystery

Armed Forces History Museum collection has a new home, but new owner is a mystery

LARGO — The contents of the Armed Forces History Museum have been sold, but no one is ready to talk about the future of the collection of military memorabilia.A collector named John Piazza used his personal collection to start the public museum, whic...
Published: 04/24/18
Big visitor calls at Port Tampa Bay

Big visitor calls at Port Tampa Bay

TAMPA — The 750-foot-long Ireland, one of the biggest cargo vessels ever to call at Port Tampa Bay, arrived Sunday.The Ireland is on its inaugural voyage, having left a shipyard in China for a stop in Mexico’s Yucatan peninsula to pick up 64,865 shor...
Updated: 2 hours ago
Work starting on JW Marriott, but Water Street Tampa expects to have 10 buildings under way within a year

Work starting on JW Marriott, but Water Street Tampa expects to have 10 buildings under way within a year

TAMPA — Water Street Tampa marks the start of construction Tuesday on its first building, the posh JW Marriott hotel, but there’s a lot more to come.And soon.Within a year, developers said Monday, construction should be underway on 10 — 10! — of Wate...
Updated: 2 hours ago
Sears in Clearwater’s Countryside Mall to close in mid-July

Sears in Clearwater’s Countryside Mall to close in mid-July

CLEARWATER — The Westfield Countryside Mall Sears will close in mid-July as part of Sears Holdings’ latest store cuts, bringing the number of shuttering Kmarts and Sears to nearly 200.The store’s liquidation sale will begin on Friday, according to Se...
Published: 04/23/18
Foreclosure defense attorney Mark Stopa draws praise, criticism at penalty hearing

Foreclosure defense attorney Mark Stopa draws praise, criticism at penalty hearing

CLEARWATER — Homeowners from as far away as Texas and North Carolina crowded a Pinellas County courtroom Monday in support of embattled foreclosure defense attorney Mark Stopa. Facing possible disbarment for professional misconduct, Stopa also drew s...
Published: 04/23/18
Tampa workers accuse General Dynamics unit of underpaying

Tampa workers accuse General Dynamics unit of underpaying

TAMPA — The Tampa call center of a federal contractor is being accused of underpaying its employees. Workers for General Dynamics Information Technology filed wage theft complaints with the Department of Labor Monday, calling for an investigation int...
Published: 04/23/18
With lights from Toys R Us dimmed, sales plunge at Hasbro

With lights from Toys R Us dimmed, sales plunge at Hasbro

Associated PressNEW YORK — With its sales falling due to the liquidation of Toys R Us, Hasbro is looking for new places to sell Monopoly, My Little Pony and its other toys. Hasbro said Monday it will rely more on online sales, although it has also be...
Published: 04/23/18
Sears’ biggest shareholder offers to buy Kenmore brand

Sears’ biggest shareholder offers to buy Kenmore brand

Associated PressNEW YORK — Sears’ biggest shareholder appears to be pushing for a breakup of the 125-year-old company that has survived two world wars and the Great Depression. Chairman and CEO Edward Lampert — whose hedge fund has forwarded millions...
Published: 04/23/18