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...
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. That means property owners offering their beachfront homes through TripAdvisor and Expedia won't have to worry about remitting taxes to the county themselves.
[LANCE ROTHSTEIN   |  Special to the Times, file, 2017]
Pinellas County strikes bed tax deal with VRBO, HomeAway and other AirBnb competitors
JD Power ranked Tampa International Airport as the country's fourth-best large airport at keeping travelers satisfied. The ranking is decided off of six categories, including terminal facilities, airport accessibility, security check, baggage claim, check-in, as well as food, beverage and retail.
[CHRIS URSO   |   Times file, 2018]
Study: Tampa International Airport ranks fourth best for satisfying travelers
The Midtown One office building at Midtown Tampa is planned to rise seven stories, grounded at the base by first-floor retail and topped by a curved, sail-like facade. Construction is expected to begin in early 2019, with completion expected in late 2020. (Rendering via The Bromley Companies)
Valet parking? A concierge? Midtown Tampa outlines plans for an amenity-rich office building

Top Business News

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
‘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
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
These four people made Florida Trend’s list of the 500 most influential business leaders

These four people made Florida Trend’s list of the 500 most influential business leaders

The 180-page Florida 500 is a compelling read for anyone curious about how the state’s most influential business leaders rose to power.Florida Trend magazine undertook some heavy lifting to compile the 2018 roster. Sure, some of the 500 bios read lik...
Published: 09/19/18

The future of University Mall in Tampa is that it won’t be a mall anymore

TAMPA — The University Mall isn’t bustling on weekday afternoons. But it’s not deserted, either.A line eight-people deep waits at the BBQ counter in the food court. Children jump on inflatable trampolines in front of the Dillard’s clearance store; sh...
Published: 09/13/18
Updated: 09/18/18

Business News

Pasco County Tax Collector warns businesses about Marlin Financial

Pasco County Tax Collector warns businesses about Marlin Financial

The Pasco County Tax Collector’s office is issuing a warning to local auto dealers: Beware of Marlin Financial. The office will begin circulating a letter Thursday to auto dealers it does business urging them to "think long and hard" before interacti...
Published: 09/18/18
New Papa John’s ads emphasize ‘this isn’t a single person’s brand’

New Papa John’s ads emphasize ‘this isn’t a single person’s brand’

Associated PressNEW YORK — Papa John’s, which wants to distance itself from founder John Schnatter, is releasing new ads Tuesday that replace him with a diverse group of franchisees. The commercials show several franchisees looking into the camera a...
Published: 09/18/18
St. Pete condo of Weight Watchers’ Mindy Grossman hits market at nearly $4-million

St. Pete condo of Weight Watchers’ Mindy Grossman hits market at nearly $4-million

ST. PETERSBURG — Mindy Grossman, the former HSN chief who now heads Weight Watchers International, has put her Beach Drive condo on the market at the hefty price of $3.95 million.The three-bedroom, three-and 1/2 bath unit on the 24th floor of Ovation...
Published: 09/17/18
Updated: 09/18/18
Coca-Cannabis? Coke analyzing cannabis in wellness drinks

Coca-Cannabis? Coke analyzing cannabis in wellness drinks

The Coca-Cola Company said Monday it is "closely watching" the expanding use of a cannabis element in drinks, another sign cannabis and cannabis-infused products are getting more acceptance in mainstream culture and a harder look from long-...
Published: 09/18/18
St. Petersburg ranks best in Florida for immigrant inclusivity

St. Petersburg ranks best in Florida for immigrant inclusivity

ST. PETERSBURG — A new study singles out St. Petersburg as the top-ranked city in Florida for promoting the economic well-being of immigrants, but Mayor Rick Kriseman thinks more can be done.Kriseman on Monday celebrated the city’s No. 13 ranking nat...
Published: 09/17/18
Mayo and ketchup mixers, rejoice: Bottled ‘Mayochup’ is coming soon

Mayo and ketchup mixers, rejoice: Bottled ‘Mayochup’ is coming soon

Get your french fries ready: Heinz is set to roll out its newest condiment in the United States very soon.The latest addition to the company’s product lineup is Mayochup. It’s comprised of -- you guessed it -- mayonnaise and ketchup. Back in April, H...
Published: 09/17/18
Report: Florida’s family caregiver laws not so family-friendly

Report: Florida’s family caregiver laws not so family-friendly

Florida may be known for its family-friendly beaches and theme park attractions, but a recent report says not everything in the Sunshine State is as embracing of families. The National Partnership for Women & Families gave Florida a "C-minus" grade f...
Published: 09/17/18
Analysis: The billionaire behind the National Debt Clock has had it with Trump

Analysis: The billionaire behind the National Debt Clock has had it with Trump

When U.S. government debt topped a trillion dollars for the first time in the early 1980s, New York real estate magnate Seymour Durst sent every member of Congress a holiday card that said: "Happy New Year! Your share of the federal debt is $5,000."W...
Published: 09/17/18
Co-founder of Salesforce buys Time magazine for $190 million

Co-founder of Salesforce buys Time magazine for $190 million

WASHINGTON — Time Magazine is being sold by Meredith Corp. to Marc Benioff, a co-founder of Salesforce, and his wife, it was announced Sunday.Meredith announced that it was selling Time magazine for $190 million in cash to Benioff, one of four...
Published: 09/17/18
In Florida and everywhere, a big shift is underway. It’s changing the way we go to the doctor.

In Florida and everywhere, a big shift is underway. It’s changing the way we go to the doctor.

The health care business in Florida and across the nation is the midst of monumental change as insurers, hospital chains and even retailers begin to venture outside their traditional roles. Hospitals are getting into the insurance end of the busines...
Published: 09/17/18