Stay informed about business news and updates in Tampa Bay, FL.
Kforce Inc., a Tampa-based staffing firm, celebrated its transfer to the New York Stock Exchange by ringing the opening bell on September 16, 2024. The move marks a significant milestone in the company's 30-year history as a publicly traded entity, with executives expressing optimism about enhanced visibility and shareholder value.
Tupperware Brands, known for its iconic food storage solutions, has filed for Chapter 11 bankruptcy protection as it struggles to revitalize its business amidst declining sales and increased competition. The Orlando-based company plans to continue operating and seek court approval for a sale to protect its brand. This move highlights the ongoing challenges faced by the company over recent years.
The International Brotherhood of Teamsters has opted not to endorse a presidential candidate for the 2024 election, marking the first time since 1996 that the union has taken this stance. The decision stemmed from a lack of majority support among its members for either Vice President Kamala Harris or former President Donald Trump, alongside concerns over commitments from the candidates.
Hawkers, an Orlando-based Asian street food restaurant chain, is filing for Chapter 11 bankruptcy to shield itself from a lender it describes as "hyper-aggressive." Despite the filing, all 15 restaurant locations will continue normal operations while the company seeks to negotiate new loan terms.
Florida's property insurance crisis has become a contentious issue in the Senate race between incumbent Rick Scott and challenger Debbie Mucarsel-Powell. While Mucarsel-Powell blames Scott for the insurance woes stemming from his tenure as governor, Scott's team argues that other factors, including current leadership, play a larger role. The debate highlights the complexities of Florida's insurance market and the differing perspectives on accountability.
A strike by approximately 33,000 Boeing machinists has halted production of key aircraft models, including the 737 Max, following the rejection of a contract offer. While commercial flights are not immediately affected, prolonged disruption could lead to significant financial losses for the company.
A Boca Raton-based real estate firm has acquired the Pinellas Business Center in North St. Petersburg for $27.2 million, encompassing 206,275 square feet of flex space. This transaction reflects the ongoing demand for commercial properties in the Tampa Bay area, despite challenging market conditions.
Tropical Depression Francine, which recently made landfall in Louisiana, is bringing heavy rainfall and flooding to the Deep South. As it weakens, it poses continued threats of flash flooding and tropical storm-force winds. The storm is expected to dissipate by Friday.
Hurricane Francine made landfall in Louisiana as a Category 2 hurricane, bringing winds of 100 mph. The storm is expected to weaken rapidly but could cause significant rainfall and flooding across southeastern Louisiana and Mississippi.
The recent purchase of two boatyards in St. Petersburg for $14.8 million has raised questions about the future of the Salt Creek area, previously targeted for redevelopment. Local residents and business owners express concerns about potential job losses and the disappearance of essential marine services, reflecting fears surrounding the unknown plans of the new owners.