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Tampa Business News 02/14/2020 14:55
Madico's CEO quickly claimed a piece of Pinellas Park property for the window film manufacturing firm's global headquarters, and the 117-year-old company celebrated the opening of the building on Thursday. Madico Inc., previously headquartered in Woburn, Massachusetts, has taken the space of the former Transitions Optical plant, a 216,000-square-foot facility on 19 acres at 9251 Belcher Road. The new location consolidates the company's existing 90,000-square-foot St. Petersburg office and its...
Tampa Business News 02/14/2020 14:53
The Tampa Bay Lightning want to up their game when it comes to food-and-beverage service at Amalie Arena. The Bolts on Friday unveiled Cur(ate) TPA, which the team calls an umbrella brand for its vision for drinking and dining options. Cur(ate) does not replace Delaware North, which has a multiyear contract to manage food and beverage service at the arena.
Tampa Business News 02/14/2020 14:38
The University of South Florida has been awarded an $85 million contract with U.S. Special Operations Command. The contract, awarded this month, will be used to "access applied research and advanced technology development," according to the U.S. Department of Defense. The USSOCOM, headquartered at MacDill Air Force Base in Tampa, will collaborate with the USF College of Engineering's Institute of Applied Engineering to work on initiatives including research, demonstration, prototyping, software...
Tampa Business News 02/14/2020 14:24
Forbes released its annual Best-In-State Wealth Advisors list and multiple Tampa Bay advisers made the cut. In total, the bay area had over 40 advisers make the best in north Florida rankings. Forbes categorized north Florida as Tampa Bay to the north border. The rest of the state was broken into South Florida, which includes anything below Tampa, except Miami, which is considered its own area in the ranking. Forbes ranked Michael Valdes of Merrill Private Wealth Management in Tampa as the No.…
Tampa Business News 02/13/2020 17:09
A delivery transportation firm is shuttering its Tampa location due to a canceled contract with Amazon. Lenexa, Kansas-based RailCrew Xpress LLC will lose the contract as of April 12. The logistics firm notified the state on Thursday that as a result of the canceled contract, 72 employees will be laid off by April 12 in Tampa at 8800 East Adamo Drive, where an Amazon Prime (NASDAQ: AMZN) distribution center is located. RailCrew Xpress didn't provide a reason for the loss of the contract in...
Tampa Business News 02/13/2020 14:16
AmeriLife Group LLC, an insurance provider based in Clearwater, has acquired a majority interest in J.D. Mellberg Financial, an Arizona-based annuity and retirement planning company, for an undisclosed amount. The combined entity will be a combined organization that represents more than $4.8 billion in annual annuity premiums, the company said in a release. This latest acquisition is another step in AmeriLife’s plan to further its investment and retirement planning services.
Tampa Business News 02/13/2020 13:57
Tech Data Corp. shareholders have voted to approve the $6 billion acquisition of the company. At a Feb. 12 meeting, over 28 million shareholders voted "yes" to being acquired by Apollo Global, with 19,612 shareholders against the decision. Roughly 3,500 shareholders abstained from the vote. In November 2019, Apollo Global announced it would acquire Tech Data (NASDAQ: TECD) for $5.4 billion, later upping the offer amount to $6 billion. According to U.S. Securities and Exchange Commission reports,…
Tampa Business News 02/13/2020 13:20
Tampa area bankruptcy courts recorded two business filings - including one with total debt above $1 million - during the week that ended February 7, 2020. Year to date through February 7, 2020, the court recorded 21 Chapter 7 or Chapter 11 business bankruptcy filings, a 91 percent increase from the same span the prior year. Chapter 7 bankruptcy protection typically provides for the liquidation of a business’ assets to satisfy creditor claims, while Chapter 11 protection enables a business to restructure…
Tampa Business News 02/13/2020 12:03
The University of South Florida has appointed J. Michael McConnell, a retired U.S. Navy vice admiral and former director of the National Security Agency, as the executive director of Cyber Florida effective Feb. 17. Cyber Florida is a state-funded organization hosted at USF that works with public universities in Florida, as well as private companies, government and the military to develop programs to improve Florida’s cybersecurity industry. McConnell’s served 29 years as a U.S. Navy intelligence...
Tampa Business News 02/13/2020 11:51
The recently resigned director of cancer research at Moffitt, who has been in the limelight of the China investigation, is now suing the Tampa cancer center. Dr. Thomas Sellers, who was forced to resign along with the CEO and others, is claiming defamation by Moffitt and is also suing Dr. Sheng Wei, who was the earliest known participant in the data threatening Thousand Talents Program.
Tampa Business News 02/13/2020 10:14
The parent company of the Bradenton Herald filed for Chapter 11 bankruptcy Thursday in an effort to restructure debt and address its pension obligations. The McClatchy Co. revealed some of its pension challenges in November, saying that it was in restructuring negotiations with lenders, bondholders and the Pension Benefit Guaranty Corp. for its qualified and nonqualified pension obligations.
Tampa Business News 02/13/2020 07:19
The city of Tampa plans to once again seek proposals for an 18-acre, publicly owned property in the West River area — and this time, it's looking for developments focused on affordable housing, transportation and sustainability. Mayor Jane Castor on Wednesday announced the findings of her housing affordability task force and said the city was looking to re-issue the RFP.
Tampa Business News 02/13/2020 07:14
An appeals court Wednesday cleared the way for a lawsuit filed against a Pinellas County hospital by a volunteer who was diagnosed with the disease Methicillin Resistant Staphylococcus Aureus, or MRSA. Ronald Wendel, who had served as a volunteer at Mease Countryside Hospital, filed a lawsuit alleging that he contracted the disease because of the hospital’s negligence, according to the ruling by a panel of the 2nd District Court of Appeal.

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