Thursday, April 19, 2018
Business

WellPoint to buy Amerigroup

WellPoint Inc., the second-biggest U.S. health insurer, will buy Amerigroup Corp. for $4.9 billion, a move that may spur a wave of acquisitions as companies compete to manage an expanding Medicaid market. Amerigroup stockholders will receive $92 a share in cash, 43 percent more than the July 6 closing price, according to Monday's statement by the two companies. The agreement makes Indianapolis-based WellPoint the biggest private provider of Medicaid coverage for the poor with 4.5 million members, eclipsing the 3.5 million patients served by UnitedHealth Group.

Staples office supply stores will sell the Nexus 7, a computer tablet that Google designed to compete with the Kindle Fire and the iPad. Monday's announcement makes Staples Inc. the second major retailer to embrace the Nexus 7 since Google unveiled the device last month. Video game retailer GameStop Corp. also plans to stock the Nexus 7 in its U.S. stores. Other merchants are expected to agree to add the Nexus 7 to their store shelves when the tablet ships later this month. The Nexus 7 will sell for $199 in an 8-gigabyte model and $249 in a 16-gigabyte model.

Campbell Soup Co., the world's biggest soup maker, is looking to court a new generation of consumers with baby carrots, premium juices and refrigerated salad dressings. The company, based in Camden, N.J., said Monday that it will buy natural foods maker Bolthouse Farms in a $1.55 billion cash deal from private equity firm Madison Dearborn Partners LLC. Campbell says Bolthouse's line of juices and carrots will help it feed Americans' growing appetite for fresher foods.

Palo Alto Networks Inc. and Kayak Software Corp. led companies that announced plans Monday to raise almost half a billion dollars in initial public offerings, a sign that the market is recovering from a monthlong drought following Facebook Inc.'s disappointing debut. Palo Alto Networks is seeking to raise as much as $229 million, while Kayak aims to raise as much as $87.5 million, according to regulatory filings Monday.

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Spring break, hurricane relief boosted Tampa Bay hotels in March

Spring break, hurricane relief boosted Tampa Bay hotels in March

The Tampa Bay area’s hotel occupancy rate rose to 87.5 percent in March, the highest level in three years. The rise was fueled by spring break vacationers as well as insurance adjusters and hurricane cleanup crews flooding the state to restore it aft...
Published: 04/20/18
St. Petersburg police remove disabled adults from ‘deplorable’ assisted living facilities

St. Petersburg police remove disabled adults from ‘deplorable’ assisted living facilities

ST. PETERSBURG — Beef jerky, mayonnaise and Altoids mints were the only edible things in view inside one of the houses. There was no running water. The refrigerator was empty. A bed sat on top of the deteriorating living room floor. Cigarette butts b...
Updated: 2 hours ago
Marriott Edition to bring five-star hotel ambitions to Water Street Tampa

Marriott Edition to bring five-star hotel ambitions to Water Street Tampa

TAMPA — At the Gramercy Park Hotel in New York City, hotelier Ian Schrager transformed a Jazz Age building with its own rich history into a destination offering even more heady experiences — extravagant, edgy and bohemian.In Tampa, Schrager will have...
Updated: 2 hours ago
Here’s your first look at what will be Riverwalk Place, Tampa’s tallest tower

Here’s your first look at what will be Riverwalk Place, Tampa’s tallest tower

TAMPA — Developers on Thursday detailed plans for what they touted as the tallest building on Florida’s west coast, with condominiums priced in six and seven figures and a shimmering glass design they say would stand out in the skylines of New York, ...
Updated: 2 hours ago
The St. Pete Pier takes another step forward

The St. Pete Pier takes another step forward

ST. PETERSBURG — Development of the city’s long-awaited pier advanced another step Thursday.The City Council approved a $15 million construction contract and additional money to design a waterside restaurant, build a playground and ferret out naming ...
Updated: 10 hours ago
Free rides on PSTA and HART buses to celebrate Earth Day

Free rides on PSTA and HART buses to celebrate Earth Day

Those who use mass transit across the Tampa Bay area can ride for free on Sunday.To celebrate Earth Day, both the Pinellas Suncoast Transit Authority (PSTA) and the Hillsborough Area Regional Transit Authority (HART) will be offering free rides on Su...
Published: 04/19/18
Wells Fargo said to be target of $1 billion fine

Wells Fargo said to be target of $1 billion fine

Federal regulators are poised to impose a $1 billion penalty on Wells Fargo for a number of alleged misdeeds, including forcing customers to buy auto insurance policies that they didn’t need, according to people briefed on the regulatory action. The ...
Published: 04/19/18
Tech Data names Rich Hume to take over as CEO

Tech Data names Rich Hume to take over as CEO

CLEARWATER — A longtime IBM executive is becoming the new leader of Tampa Bay’s largest public company. Tech Data on Thursday named Richard "Rich" Hume as its new CEO effective June 6. Hume joined Tech Data two years ago and is currently the chief op...
Published: 04/19/18
LA Fitness tones up Hillsborough location

LA Fitness tones up Hillsborough location

When LA Fitness on West Hillsborough Ave. reopens mid-summer, it will have undergone a $5 million renovation and a complete transformation. Closed since November 2017, the 10-year-old facility was completely torn down and is still undergoing construc...
Published: 04/19/18
Kids have fun and gain coding skills at Code Ninja in Westchase

Kids have fun and gain coding skills at Code Ninja in Westchase

A new program that teaches coding to kids is coming to the Tampa Bay area. Code Ninjas is a Houston-based franchise that is opening its first location in Westchase in early May. There are plans for other centers in Carrollwood, South Tampa, New Tampa...
Published: 04/19/18