Friday, August 17, 2018
Business

Uber CEO Travis Kalanick resigns at request of investors

Uber CEO and co-founder Travis Kalanick has resigned.

Kalanick said in a statement to The New York Times on Tuesday that he has accepted a request from investors to step aside. Kalanick says the move will allow the ride-sharing company to go back to building itself rather than become distracted by another fight.

Kalanick had already been on indefinite leave amid criticism of his management style and following the death of his mother in a boating accident.

The San Francisco-based company he co-founded in 2009 has been trying reverse damage done to its reputation by revelations of sexual harassment in its offices, allegations of trade secrets theft and an investigation into efforts to mislead government regulators.

Comments
Volkswagen scam: How will Florida spend its windfall from the diesel-gate settlement

Volkswagen scam: How will Florida spend its windfall from the diesel-gate settlement

The state has a challenge: How to spend a windfall from the Volkswagen diesel-gate scandal. The German manufacturer agreed to pay $2 billion to promote zero-emission vehicles and spend billions more to buy back or modify most of the cars. Nearly $3 b...
Updated: 1 hour ago
Pinellas commission candidate faced stalking, abuse claims

Pinellas commission candidate faced stalking, abuse claims

ST. PETERSBURG — A political newcomer seeking a Pinellas County Commission seat has faced accusations of physical abuse and stalking from her fiance, who twice sought court-ordered protection from her.Both allegations came after Democrat Amy Kedron f...
Updated: 1 hour ago
Wages remain stagnant in Florida despite super low unemployment. What’s going on?

Wages remain stagnant in Florida despite super low unemployment. What’s going on?

It remains our biggest economic enigma: Sluggish wage growth despite low unemployment. In a robust job market, pay rises as the supply of available workers shrinks. At least that’s the way it normally works. This time around, the ingredients appear ...
Updated: 1 hour ago
Children who lived with smokers are more likely to die of lung disease as adults, study says

Children who lived with smokers are more likely to die of lung disease as adults, study says

Childhood exposure to secondhand smoke is linked to lung disease decades later, according to a study published Thursday by the American Cancer Society.For 22 years, researchers have been following more than 70,000 adults who have never smoked. At the...
Updated: 2 hours ago
What would it take to overthrow king Publix? Safeway’s Florida exit begs the question.

What would it take to overthrow king Publix? Safeway’s Florida exit begs the question.

LARGO — Everything is on clearance inside Tampa Bay’s only Safeway grocery store. Patio furniture, 40 percent off. Beach chairs, too. Most grocery items are 30 percent off; the entire liquor store is 20 percent off.The discounts will probably get ste...
Updated: 3 hours ago
Florida unemployment falls to 3.7 percent

Florida unemployment falls to 3.7 percent

Florida’s unemployment rate inched down to 3.7 percent in July from June’s 3.8 percent. The state added 27,400 jobs in July, according to the latest state figures released Friday. Florida’s unemployment rate has held steadily at or below 3.9 percent ...
Updated: 5 hours ago
Trump asks SEC to look into ditching quarterly filings

Trump asks SEC to look into ditching quarterly filings

NEW YORK — President Donald Trump says he’s asking federal regulators to look into the effectiveness of the quarterly financial reports that publicly traded companies are required to file. In a tweet early Friday, Trump said that after speaking with ...
Updated: 6 hours ago
Dear Penny: How can I tell my boss to stop making fun of my old car?

Dear Penny: How can I tell my boss to stop making fun of my old car?

Dear Penny,I’m a recent college grad who’s been working an entry-level job for the past year. I only make about $33,000 a year, but I’m doing OK. I’m able to pay my bills without taking on more debt. One of the reasons I’m able to do so is that I dri...
Published: 08/17/18
SunPass users with overdraft fees can now request reimbursement

SunPass users with overdraft fees can now request reimbursement

If you’re a SunPass user and you’ve seen overdraft fees on your account, you can now ask for that money back.Florida Department Transportation spokesman Ed Seifert announced today that Florida’s Turnpike Enterprise has launched a system to process ov...
Published: 08/16/18

Nature’s Food Patch brings organic offerings to Dunedin

DUNEDIN — Nature’s Food Patch recently opened a new downtown location at 966 Douglas Ave. The new store will stock much of what is offered at the Clearwater location, including organic produce, grass-fed meat, a fresh juice/smoothie bar, organic and ...
Published: 08/16/18