business

Amazon Names Miami A Finalist For Second Headquarters

Jan 18, 2018
AP

  Amazon named Miami one of 20 finalists on Thursday to house the tech giant’s second headquarters, HQ2, according to an announcement made by City of Miami Major Francis Suárez. 

 

In a sign of the challenges facing brick-and-mortar retail, Macy’s announced Thursday morning that its downtown Miami store will close.

The downtown Macy’s, at 22 East Flagler Street, is one of 11 stores around the nation that the department store giant said would be getting the ax. The others are in California, Indiana, Idaho, Michigan, Ohio and Vermont. In Florida, the Macy’s story in Oaks Mall in Gainesville will also be closed.

Kari Pinto and her husband recently retired, and now they hope to trade Iowa — and its harsh winters — for a state with a milder climate.

But the tax bill President Trump signed into law last month has complicated their search for a new home.

"Now we just have another wrinkle in trying to determine where to go, and how much it's going to cost us," she says.

It's New Year's Day, so it's time for football, hangovers, resolutions — and forecasts.

With the first three, you're on your own. But for forecasts, we have economists to help. They get paid to peer into the future, and in general, they are seeing good times ahead, thanks to an upbeat business cycle.

"The stage is set for continued solid growth in 2018," Nariman Behravesh, chief economist at IHS Markit, said in his annual forecast. "While economic risks remain, most are low-level threats to the overall picture for 2018."

Roberto Koltun / Miami Herald

Data confirms what many South Floridians might have guessed: the alarming impact of Hurricane Harvey in August likely motivated people to prepare early for Hurricane Irma last month. And that meant spending a lot of money. Think of it as plywood and Pop Tart spending.

The retail landscape has changed dramatically in recent years, and Toys R Us has been trying to maintain its foothold in the industry amid a heavy debt load and the rise of online shopping.

Late Monday, the largest U.S. toy chain filed for Chapter 11 bankruptcy protection in Richmond, Va. The move had been expected.

Uber has appointed Expedia CEO Dara Khosrowshahi to be its new chief executive, a source familiar with the ride-sharing company tells NPR.

Khosrowshahi has been at the travel company Expedia for more than a decade, reports NPR's Aarti Shahani. He steps into the role at a tumultuous time, as Uber seeks to fill a leadership vacuum. Co-founder Travis Kalanick resigned under pressure in June, though he remains on the company's board.

Updated at 10:30 p.m. ET

President Trump declared Wednesday he is disbanding two economic advisory panels, after a growing number of the corporate CEO's who sat on them decided to leave, in the wake of Trump's response to the violence in Charlottesville, Va., over the weekend.

Trump said in a tweet that he is ending the Manufacturing Jobs Initiative and the Strategic and Policy Forum "rather than putting pressure on the businesspeople" that made up those groups.

Katie Lepri

Dr. Phillip Frost thinks it has become "heresy" to question the role of human factors in the changing climate.

"I don't question that [the climate] is changing. But what I also know for an absolute fact is that over centuries it has been changing all the time," said Frost during a wide-ranging interview with The Sunshine Economy in which he discussed business, his philanthropy and the science museum that now bears his and his wife's names.

Cuba is not an easy place to buy things. Food is rationed, wages are low, and the black market is a way of life.

But now, Cubans can buy shirts with those little alligators on them at Lacoste. Or at L'Occitane en Provence, face cream for $162.40 an ounce. Or watches in the $10,000s.

Amanda Rabines / WLRN

Starting in 1938, the S&S Diner on Northeast Second Avenue served the Miami community and its visitors - until it just couldn’t any longer. The diner closed in September after long-time owner Simon Elbaz was evicted, losing a year-long legal battle with the original property owners over a lease.

But there’s good news for fans who remember those fluffy pancakes, or the roasted turkey that was traditionally served every Tuesday. The S&S Diner found yet another corner retreat on 2699 Biscayne Boulevard, just a couple blocks from its original venue.

Nadege Green / WLRN

Felecia Hatcher and Derick Pearson started their nonprofit Code Fever Miami three years ago.

The husband and wife duo wanted to use their background in math, science and marketing to support entrepreneurs of color in South Florida and to connect them to the start-up and tech scene.

Kate Stein / WLRN

Businesses and entrepreneurs, it's your chance to shape greater Miami's future.

 

That's the message of chief resiliency officers from Miami-Dade, Miami Beach and the city of Miami, as they put together a plan to address challenges from affordability to Zika.

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Courtesy of Sealed Air Corporation

Donald Trump has famously called climate change a hoax. That kind of talk doesn’t just worry scientists and environmentalists; it's also of concern for many American businesses. And they’re letting the new president know it.

Like Mars — the candy company behind M&M’s, Snickers, Twix and Skittles — which recently made a plea to the new president to continue with policies and international commitments to fight climate change.

Fifty-four businesses from seven counties have alerted the state they have suffered some form of economic damage from toxic green algae coating waterways in parts of Florida.

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