Business

One local Sears to undergo immediate liquidation sale

NEW YORK (AP) - Sears has filed for Chapter 11 bankruptcy protection, buckling under its massive debt load and staggering losses.

Two Local Realtors Earn Prestigious Honor

Coca-Cola considers cannabis-infused drinks

How Electric Cars are Shaping the Suncoast | Suncoast View

Financial Friday - Tips on How to Save on Required Minimum Distributions

Disney World workers reach deal for $15 minimum wage

Stench from red tide affecting coastal businesses causing temporary closures

Continued Coverage

Small businesses affected by red tide can apply for loan from state

How To Qualify for Bright Futures Scholarships

Crocs to close all manufacturing plants

Hotels seeing cancellations with red tide along Suncoast

Top 5 items you should have in your storm kit

Hartwell Capitol Consulting LLC Expands, Adds New Consultants and Sarasota's ROBRADY to Client Portfolio

Jacqueline Matter

Jacqueline Matter is the anchor of ABC7 News at 11, and the co-anchor of ABC7 News at 5 and 6. Jacqueline joined the ABC7 News team in December of 2016 as co-anchor on Good Morning Suncoast.

FAA commissions new tower at Sarasota-Bradenton International Airport

SARASOTA, FL (WWSB) - A new air traffic control tower at Sarasota-Bradenton International Airport went live early this morning, according to the Federal Aviation Administration (FAA).

Florida gets high marks for handling of state finances

TALLAHASSEE, Fla. (AP) - Florida is getting high marks from a major ratings agency for a "sustained" and "robust" recovery from the Great Recession.

Cumberland Advisors elects John Mousseau President and CEO

SARASOTA, FL - (WWSB) - Cumberland Advisors celebrates its 45th Anniversary eight years after moving their principal office from Vineland to Sarasota, FL. They now have 45 employees and as of April 30th, 2018, more than three billion dollars of client investment funds under management in separate accounts.

Starbucks to close 150 poorly performing stores in 2019

"Libby's" to temporarily close for remodeling and reducing size of restaurant

All system go after Wells Fargo weekend issues

Stores, hotels and restaurants on Siesta Key doing well despite the red tide

Nominations for Manatee Chamber Small Business of the Year 2018.

New aluminum tariffs could hit beer drinkers

Sears to close 72 more stores

(RNN) - Sears said Thursday it will be closing 72 more stores this year as sales continue to dwindle.

Local Engineering Firm and Manatee Consultant Team up to Address Opioid Abuse

RoBrady, a design engineering firm in Sarasota, has developed a smart blister pack for dispensation and tracking of opioids that is the subject of legislation passed last week in the U.S. Congress. Manatee County consulting firm, Hartwell Capitol Consulting, took them to Washington to meet with the FDA, HHS, Senator Rubio's Office, and other key stakeholders in the fight against opioid abuse. RoBrady's design is the leading design being called for by the FDA and Congress.

Tax Cuts: Who Has Benefited So Far?

Sarasota, FL (WWSB) -- In December, Congress passed a massive tax cut package - that's taken the average taxpayer from the 25% tax bracket to the 22% tax bracket. For many, whose income qualified, were eager to see a little "extra" back in their paychecks starting in February. However, more than half of registered voters say they haven't noticed an increase in their paychecks according to a POLITICO/Morning Consult poll.

Average price of US gas jumps 10 cents, to $3 a gallon

CAMARILLO, Calif. (AP) - The average price of regular-grade gasoline in the U.S. jumped 10 cents a gallon over the past two weeks to $3.00.

What it's like inside the Tervis Tumbler Factory

VENICE, FL (WWSB) - Tervis is celebrating the 50th anniversary of their original Osprey factory store. In honor of that, ABC7's Stephanie Webb got an exclusive tour of their Venice factory - and learned the five step process to making the tumblers.

All Faiths Food Bank Veterans Pantry Finds a New Home at Church Of The Palms

SARASOTA, Fla. – A special service for former members of the United States military, known as the Veteran’s Pantry, provides produce, meats, breads and shelf-stable dry goods to veterans for free, has been running at All Faiths Food Bank for more than five years. Over time, the pantry has grown to draw and serve an average of 140 veterans. This number has doubled over the past three years. Veterans receive an average of sixty pounds of food with each visit. With an average of 2.5 people per household served, 350 people are benefiting from the veteran’s pantry every other week. While growth is wonderful, the need is dire: according to the 2011 US Census Bureau, there are more than 40,000 veterans living in Sarasota County, and more than one third of them live either with a disability or below poverty level.

How to do your own taxes

SARASOTA, FL (WWSB) - Thanks to easy-to-use software, more people are filing their own taxes this year. If yours isn't a complicated tax situation, there are some tips to make it easier.

Unique Ways to Make Money Online!

Sarasota, FL (WWSB) -- Looking to make a little extra money on the side but aren't able to work another job? With some help from Lisa Cowan, a money saving expert, here are a few unique jobs you can do right from the comfort of your couch.

Sprint and T-Mobile agree to combine in all-stock deal

NEW YORK (AP) - T-Mobile and Sprint announced Sunday that they reached an agreement to combine into a new company that would reshape the U.S. wireless landscape by reducing it to three major cellphone providers.

Ford shifts gears, will stop making nearly all its North American passenger cars

(RNN) – Ford Motor Co. is pretty much getting out of the car business.

What Age Should You Start Talking to Your Kids About Money?

SARASOTA, FL (WWSB) – When it comes to teaching your kids about money, what’s the right age? Many parents may think 16, when your child gets their first real job, or 18, when they graduate high school and get ready for college. Actually – it’s MUCH earlier. By including your child early in things like grocery budget planning, having them make change while shopping, or even budget their birthday money, you can teach your kids valuable money lessons at an early age.

Study shows best times to buy airline tickets

(CNN) – There’s an art to buying plane tickets.

Tampa Airport sets record for passengers

TAMPA, FL (WWSB) - A record breaking month for Tampa International Airport. The airport seeing a record 2,192,602 passengers in March, making it the busiest single month in Airport history.

Tesla recalls 123,000 cars over steering issue

(RNN) – Tesla is recalling 123,000 Model S sedans because of a power steering issue.

Update: Elite Airways resumes SRQ service to White Plains, New York

SARASOTA, FL (WWSB) - Elite Airways is resuming their service between White Plains, New York and Sarasota-Bradenton International Airport.

Nearly 500K smoke detectors recalled, risk of failure to detect fire

(RNN) - Kidde recalled models of its dual-sensor smoke alarms that may not alert people of a fire in their homes, the Consumer Product Safety Commission announced.

A quick tip to raise your credit score

SARASOTA, FL (WWSB) - Whether you're buying a new car, a new house, renting an apartment or even applying for a job, your credit report (and what's on it) can be a deal breaker.

How often should you check your credit report?

SARASOTA, FL (WWSB) - Whether you're buying a new car, a new house, renting an apartment or even applying for a job, your credit report (and what's on it) can be a deal breaker.

Your Credit Score Affects MORE Than You Might Realize

SARASOTA, FL (WWSB) - Whether you're buying a new car, a new house, renting an apartment or even applying for a job, your credit report (and what's on it) can be a deal breaker.

What's on your credit report?

SARASOTA, FL (WWSB) - Whether you're buying a new car, a new house, renting an apartment or even applying for a job, your credit report (and what's on it) can be a deal breaker.

Toys R US closing its stores

(RNN) – Generations of Toys R Us kids didn’t want to grow up, as the toy store chain’s jingle went.

Toys R Us gift cards good only for the next 30 days

(RNN) – If you have a gift card for Toys R Us or Babies R Us, you have 30 days to use it.

Next up for Amazon: Checking Accounts

SARASOTA, FL (WWSB) - Amazon apparently wants to be your bank.

USFSM hosts successful seminar on Cuba and the Caribbean

SARASOTA, Fla. (Feb. 23, 2018) – USF Sarasota-Manatee hosted a day-long seminar about Cuba and the Caribbean islands on Thursday with panels of internationally renowned experts that included two representatives of Congress and a former U.S. diplomat, among others.

Your local grocery store could be closing

JACKSONVILLE, FL (WWSB) - According to a report on Bloomberg, a local grocery chain in Florida is staring at the prospect of bankruptcy for a third time.

Orioles in Sarasota has record-breaking impact on the local economy

The Sarasota economy is seeing a lot of green and it's all because of the team wearing black and orange. "Feels great to be wanted and also want to be here," said Buck Showalter, manager of the Baltimore Orioles. What Showalter is talking about is the win-win scenario between the Orioles organization and Sarasota County.

A Place We Call Home" - Jetson's Creative Trends Salon

SARASOTA, FL (WWSB) - " Jetson's Creative Trends Salon" has been a gathering place in Newtown for almost 4 decades.

Spark Growth Event Targets Business Owners, Leaders, and Entrepreneurs in and around Manatee County

BRADENTON, Fla. -- Spark Growth, a Bradenton business development firm, is targeting their latest event, "Today’s Decisions, Tomorrow's Future!" toward business owners, business leaders, and entrepreneurs in and around Manatee County. The event will be held at the Manatee Performing Arts Center on Tuesday, February 20, 2018 from 1:30pm-8pm.

Leaders' Exchange Conference Coming to Bradenton February 20th

BRADENTON, Fla. -- Business, civic and thought leaders converge once again at Spark Growth's sixth annual conference, the Leaders’ Exchange. The 2018 Leaders’ Exchange Conference will be held on February 20th at the Manatee Performing Arts Center right here on Florida's Innovation Coast. Attendees can expect to meet extraordinary leaders and innovators with powerful visions, experience, and ideas. By leveraging experience and vision, conference goers will bring clarity, purpose and enhanced skills to the challenges they face. In summary, the Spark Growth Leaders’ Exchange Conference will cultivate the discussion of pressing topics in depth with leaders who bring unparalleled expertise to Bradenton and the surrounding Tampa Bay Area resulting in intellectual and practical fuel that will inspire, challenge and change attendees and their world.

Manatee County Proclaims February 19-25, 2018, Manatee County Entrepreneurship Week in Honor of Spark Growth Leadership Conference

BRADENTON, Fla. -- In honor of Spark Growth Leader Conference, Manatee County proclaims (February 19-25, 2018), Manatee County Entrepreneurship Week. Spark Growth of Bradenton, FL, will hold its Thought Leader Exchange on Tuesday, February 20, 2018 at the Manatee Performing Arts Center.

Gerber names 1st 'spokesbaby' with Down syndrome

(RNN) - Gerber achieved a first when it announced the winner of its 2018 Gerber Baby Contest Wednesday.

Dow plunges 1,000 as market swoons again

By MARLEY JAY

Kanan Enterprises conducts voluntary recall of Southern Grove unsalted almonds

FL (WWSB) - According to the U.S. Food and Drug administration, Kanan Enterprises issued a voluntary recall of Southern Grove unsalted almonds.

Best Buy to stop selling CDs this summer

(RNN) - One major U.S. retailer plans to do away with CDs as soon as this summer.Music merchandise giant Best Buy will pull CDs from its shelves on July 1, according to Billboard.Revenues from CD shipments are down 3 percent to $431 million, while vinyl albums were up 3 percent to $182 million, according to Billboard.CDs are only generating $40 million in sales annually for Best Buy.Best Buy will continue to carry vinyl, which will be merchandised with turntables.In addition, Target demanded music suppliers take the inventory risk on CD sales. Currently, Target pays in advance for the CDs. When CDs aren't sold, Target must pay to ship them back for credit, Billboard said.Copyright 2018 Raycom News Network. All rights reserved.

Miadola

SARASOTA/ORLANDO, Fla. – Miadola is pleased to release Getaway Driver, an evasion racing game that’s a fun take on the classic cops-n-robbers theme. You're a freelance getaway driver. Lend your services to petty thieves or professional criminals whereupon you’ll weave in and out of traffic as you try to escape the police. Upgrade your vehicle with better engines, armor and weapons to get away!

Elon Musk sells out of his $500 flamethrowers

(RNN) – Well, that didn’t take long.

Louis Vuitton store headed to Mall at UTC

SARASOTA, FL (WWSB) - Luxury fashion retailer Louis Vuitton is coming to the Mall at University Town Center.

Sears lays off 220 people at corporate headquarters

(CNN) - The retailer announced Wednesday it's laying off 220 people from its corporate offices effective immediately.

Apple pledges battery fix, medical records in OS update

(RNN) – iPhones users will soon have a feature to search medical records, new ways to explore augmented reality and, of course, new Animoji options.

FANG stocks and other factors that may affect your financial portfolio

SARASOTA, FL (WWSB) - The Nasdaq is leading the way on Wall Street early this year and it has everything to do with FANG. That's investment speak for Facebook, Amazon, Netflix and Google. To give you a better idea of just how well the market is doing consider this: The worst performer from FANG this year is Facebook, which is UP 2.2%.

Amazon increases monthly Prime membership fee

(RNN) - Amazon has raised the price of one of its most popular services.

Amazon announces finalist cities for 2nd headquarters

(RNN) - Amazon has announced 20 cities as finalists for it's second headquarters in North America.

Florida House Speaker has "no interest" in incentive plan to bring Amazon to Florida

TALLAHASSEE, FL (WWSB/NEWS SERVICE OF FLORIDA) - After playing the key role in reducing and revamping Florida’s economic development program last year, Florida House Speaker Richard Corcoran has no interest in developing a state incentive plan to bring Amazon’s new headquarters to Florida.

What Walmart giveth, Sam's Club taketh away

By JOSEPH PISANI and ALEXANDRA OLSON

Circuit City plans comeback online

LAS VEGAS, NV (WWBT) - Former Richmond-based electronic retailer Circuit City is planning a comeback.

New scam targeting sports fans

SARASOTA, FL (WWSB) - The Better Business Bureau of West Florida is warning people to beware of online stores that offer "official" merchandise at unbelievably low prices. Scam websites are conning people out of their money, according to BBB Scam Tracker reports from consumers.

New additions coming to retirement community on the Suncoast

VENICE, FL (WWSB) - Seniors can get ready to enjoy easy, breezy, island living at the newest retirement community in Venice.

Handicap access concerns at a Venice shopping plaza

VENICE, FL (WWSB) - Twenty-six years after the Americans with Disabilities Act was passed, some buildings are still not fully accessible. One Venice woman finding this out the hard way when she faced a serious challenge getting into a local shopping center.

Papa John's founder out as CEO weeks after NFL comments

NEW YORK (AP) - Papa John's founder John Schnatter will step down as CEO next month, about two months after he publicly criticized the NFL leadership over national anthem protests by football players - comments for which the company later apologized.

Bed, Bath & Beyond in-store sales drop significantly

Bed, Bath and Beyond's latest financial report is showing a significant plunge in profit.

Despite a down day, restaurant chains drive big stock gains for Darden

(CNN) - Olive Garden has done it again. Darden Restaurants, the owner of the popular Italian restaurant chain, reported sales and earnings Tuesday that topped forecasts.

The Reserve - "A Place We Call Home"

SARASOTA, FL (WWSB) - The owners of the buildings at 1322 North Tamiami Trail call the three building complex, "The Reserve," and say the buildings have been a part of Sarasota for about 80 years.

Startup Genome Project Aims to Map Sarasota-Manatee Startup Ecosystem

BRADENTON, Fla. – The Startup Genome Project seeks to improve the Bradenton-Sarasota startup ecosystem by attracting more top-talent and investment to the area. Their plan is to gain international exposure through something called the 2018 Global Startup Ecosystem Report.

How the Suncoast's small businesses compete with online shopping

SARASOTA, FL (WWSB) - In the midst of the holiday shopping rush you may be hurrying to get the best deals and must-have items, but how much are you buying online versus in small, local store fronts?

Virtus ETF Solutions Launches Actively Managed ETF With Cumberland Advisors

NEW YORK, Jan. 20, 2017 /PRNewswire/ -- Virtus ETF Solutions, an affiliate of Virtus Investment Partners, Inc. (NASDAQ: VRTS) has partnered with Cumberland Advisors to introduce the Virtus Cumberland Municipal Bond ETF (NYSE Arca: CUMB).The Virtus Cumberland Municipal Bond ETF seeks to maximize total return of income and capital appreciation by investing in a basket of municipal bonds. By actively managing the portfolio, Cumberland is able to allocate across local, state and federal bonds, placing an emphasis on quality issues and the ability to favor shorter maturities should interest rates rise."We believe the current market offers great value in municipal bonds, particularly in intermediate and longer maturity bonds, especially when compared to traditional valuations versus US Treasuries," said David Kotok, Cumberland Advisors chief investment officer and portfolio manager. "The Virtus Cumberland Municipal Bond ETF will give investors the opportunity to obtain total return and diversification in the municipal bond market while capitalizing on Cumberland's 40 years of experience in bond management."The strategy emphasizes both shorter-term and longer-term bonds, which helps the fund benefit from the steepness of the municipal yield curve and capitalize from moves in the municipal bond yield curve and municipal "centric" events.Kotok leads the management of CUMB along with John Mousseau, CFA, Director of Fixed Income and Portfolio Manager for Cumberland Advisors."We are very excited to join Virtus ETF Solutions in launching the Cumberland Municipal Bond ETF and opening the next chapter in our firm's history," Kotok added. "This ETF is a great opportunity for investors to participate in Cumberland's total return municipal bond management style within the affordable structure of an exchange traded fund."CUMB is Cumberland's first ETF launched in conjunction with Virtus ETF Solutions, a multi-manager ETF sponsor."We're thrilled to add CUMB to our growing ETF family, and we believe municipal bonds is an asset class that is best managed by a blue chip sector specialist like Cumberland Advisors," said William Smalley, executive managing director of Virtus ETF Solutions. "We have taken a thoughtful approach to new product origination and will continue to leverage best-of-breed investment managers as we bolster our suite of alpha-seeking ETF solutions."To learn more about the Virtus Cumberland Municipal Bond ETF, visit: www.cumberetfs.com.About Cumberland Advisors Cumberland Advisors is a dedicated fee-for-service only asset manager headquartered in Sarasota, FL that joins market-leading knowledge and analysis with low-fee management. The firm manages approximately $2.7 billion of fixed income as well as equity accounts (using exchange-traded funds only). Its clients include individuals, institutions, retirement plans, and government entities.About Virtus ETF Solutions Virtus ETF Solutions, (VES) is a New York-based, multi-manager ETF sponsor and affiliate of Virtus Investment Partners. With actively managed and index-based investment capabilities across multiple asset classes, VES seeks to deliver a family of complementary exchange-traded funds subadvised by select investment managers.About Virtus Investment PartnersVirtus Investment Partners (NASDAQ: VRTS) is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors. The company provides investment management products and services through its affiliated managers and select subadvisers, each with a distinct investment style, autonomous investment process and individual brand. Virtus Investment Partners offers access to a variety of investment styles across multiple disciplines to meet a wide array of investor needs. In addition to Virtus ETF Solutions, its affiliated managers include Duff & Phelps Investment Management, Kayne Anderson Rudnick Investment Management, Newfleet Asset Management and Rampart Investment Management. Additional information can be found at virtus.com.The fund is an exchange-traded fund ("ETF"). The "net asset value" (NAV) of the fund is determined at the close of each business day, and represents the dollar value of one share of the fund; it is calculated by taking the total assets of the fund, subtracting total liabilities, and dividing by the total number of shares outstanding. The NAV of the fund is not necessarily the same as its intraday trading value. Fund investors should not expect to buy or sell shares at NAV because shares of ETFs such as the fund are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Thus, shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns.Fund Risks:Credit & Interest: Debt securities are subject to various risks, the most prominent of which are credit and interest rate risk. The issuer of a debt security may fail to make interest and/or principal payments. Values of debt securities may rise or fall in response to changes in interest rates, and this risk may be enhanced with longer-term maturities. Municipal Market: Events negatively impacting a municipal security, or the municipal bond market in general, may cause the fund to decrease in value. State & AMT Tax: A portion of income may be subject to some state and/or local taxes and, for certain investors, a portion may be subject to the federal alternative minimum tax. Tax Liability: Noncompliant conduct by a municipal bond issuer, or adverse interpretations, could cause interest from a security to become taxable, subjecting shareholders to increased tax liability. Exchange Traded Funds: The value of an ETF may be more volatile than the underlying portfolio of securities the ETF is designed to track. The costs of owning the ETF may exceed the cost of investing directly in the underlying securities.Please consider the fund's objectives, risks, charges, and expenses before investing. Contact Virtus ETF Solutions at 1.888.383.0553 or visit www.cumberetfs.com for a prospectus, which contains this and other information about the Fund.Distributed by ETF Distributors LLC, member FINRA and subsidiary of Virtus investment Partners, Inc.SOURCE Virtus ETF Solutions

Mario Batali steps down after sexual misconduct allegations

NEWARK, N.J. (AP) - Mario Batali has surrendered oversight of daily operations at his restaurant empire following reports of sexual misconduct by the celebrity chef over a period of at least 20 years.

Sarasota Holiday Boat Parade cancelled

SARASOTA, FL: (WWSB)- Organizers for the 32nd Annual Holiday Boat Parade of Lights in Sarasota have made a decision to cancel tomorrow night's parade due to a small craft advisory issued by the United States Coast Guard.

Update on unemployment rates

WASHINGTON (AP) - The number of unemployed workers filing for jobless benefits fell by 2,000 last week to 236,000, the lowest level in five weeks and further evidence of the strength in the labor market.