Business

Business
1:48 pm
Tue February 5, 2013

Crystal River Nuclear Power Plant to be Shuttered

The Crystal River generator in better days

The Crystal River nuclear power plant will be retired, the parent company of Progress Energy said today, affecting about 600 employees and ending months of uncertainly over the facility's future.

The reactor has been offline since late 2009, when its concrete containment building cracked during a maintenance and upgrade project.

Officials with North Carolina-based Duke Energy, which owns Progress Energy, had said fixing the plant could take nearly three years and cost billions of dollars.

Read more
Business
3:36 pm
Mon February 4, 2013

TECO Seeks to Raise Residential Rates by 10%

Tampa Electric Company will ask for a 10 percent increase on residential rates. It could mean an average of $11 extra a month coming out of customers' pockets.

TECO  is blaming the slow recovery of the economy and costs to maintaining their infrastructures for the rate increase request.

"We know there's never a good time to raise rates and we empathize with our customers who like us are also feeling the effects of a difficult economy," says company spokeswoman Cherie Jacobs.

Read more
Business
3:15 pm
Mon February 4, 2013

Cash Cow: Thousands of Cattlemen Expected at Tampa Convention Center

Credit FreeDigitalPhotos.net

Where's the beef? The answer, at least for this week, is Tampa.

Tuesday through Saturday, the Tampa Convention Center will host the National Cattlemen's Beef Association convention. As many as 4,000 cattlemen will be in town for the event, the Tampa Tribune reports.

Read more
Business
9:54 am
Thu January 31, 2013

Florida Foreclosure Rate Highest in U.S.

Florida was a poster child for all the familiar excesses of the housing bubble -- the bad loans, the overheated market, the frenzied development. Although the party ended in 2007, the hangover continues. Recent numbers show the state has the highest foreclosure rate in the country.

Read more
Business
12:35 pm
Tue January 29, 2013

S&P/Case-Shiller Home Price Indices Rise Again

A sign of the times in Boca Raton, Fla. (November 2012 file photo.)
Joe Raedle Getty Images

Originally published on Tue January 29, 2013 10:17 am

There's more good news about the housing market this morning.

Read more
Business
6:55 am
Thu January 24, 2013

Fla. Tomato Growers Say Mexico Trade Deal Is Rotten

J. Pat Carter AP

Originally published on Wed January 23, 2013 11:01 am

Half of all tomatoes eaten in the U.S. come from Mexico, and tomato growers in Florida aren't happy about that. In fact, they're willing to risk a trade war to reverse the trend.

At JC Distributing In Nogales, Ariz., one misstep and you're likely to get knocked over by a pallet full of produce. Forklifts crisscross each other carrying peppers, squash and especially tomatoes from trucks backed into the warehouse loading dock.

"This is a Mexican truck being unloaded," says JC President Jaime Chamberlain. "He's just waiting for his paperwork to get back."

Read more
11:08 am
Wed January 23, 2013

Florida No. 3 for Bank Branch Closings

Following a nationwide trend of bank closings, Florida had a net loss of 18 bank branches in last year's fourth quarter. That's according to new figures from SNL Financial. Only Indiana and Pennsylvania fared worse. Experts attribute the closings to low interest rates and expect the decline to continue. Bank of America had biggest net loss -- 47 branches nationwide. JPMorgan Chase & Co. added the most offices -- 16 -- and is focusing on expanding in Florida and California, the SNL report said.
Florida has had a net loss of 18 bank branches in the fourth quarter of 2012, a bigger net loss than all but two other states in the nation. While 31 bank branches opened in Florida in the three months ended Dec. 31, 49 branches closed, according to a report from SNL Financial.
Business
10:45 am
Wed January 23, 2013

Deadliest Job in America: Fishing

Being a fisherman was the deadliest job in 2011.
Klas Stolpe AP

Originally published on Wed January 23, 2013 11:56 am

For more from Planet Money, see What America Does For Work

Here's a look at the rate of work-related, on-the-job deaths in 2011 for U.S. workers. We included the three deadliest occupations, along with a handful of other jobs. (Here's the complete list, which comes from the Bureau of Labor Statistics.)

Read more
Business
6:41 pm
Tue January 15, 2013

Florida's Strawberry Fields Faring Well This Season

Credit Wish Farms

Strawberry growers in California have been hit with unusual, freezing temperatures while Florida’s strawberry fields have been bathing in 80 degree temperatures.

Gary Wishnatzki is the owner of Wish Farms, the largest strawberry distributor in Florida. He said California growers are not equipped to handle freezing temperatures.

“They don’t have overhead irrigation to utilize to protect the crop and there’s usually some bloom and small berry damage,” Wishnatzki said.

Read more
Business
4:55 pm
Wed January 9, 2013

PSTA Increases Bus Ridership Despite Low Gas Prices

Credit PSTA

One of the things that increases bus ridership is a rise in gas prices. But gas prices were lower in December than they have been in awhile. 

PSTA's increase in bus ridership last month may have been for another reason.

Bus ridership increased 8 percent last month for the Pinellas Suncoast Transit Authority compared to December in 2011.

Read more
1:56 am
Tue January 8, 2013

St. Pete Airport Passengers Bumped When Plane Seized

For all the reasons for flight delays, 130 unlucky Vision Airlines passengers at St. Petersburg-Clearwater International Airport were the victims of a new, rather unusal issue: their plane was seized right off the runway because of a legal dispute.
  • Source: Tbo
  • | Via: TBO.com
Flight delays aren't unusual these days. Bad weather, maintenance problems or trouble getting a crew together routinely push back or cancel flights at airports across the country. Not so common: Having a flight canceled when a 737 jet is pulled off the runway because of a legal dispute while scores of passengers wait at the gate.
Business
2:32 pm
Mon January 7, 2013

Big Banks Agree To Pay $8.5 Billion To Settle Foreclosure-Abuse Claims

April 2011: A foreclosure sign in front of a home in Richmond, Calif.
Justin Sullivan Getty Images

Originally published on Mon January 7, 2013 6:26 pm

Ten of the nation's major mortgage servicing companies, including household names such as Bank of America and Citibank, have agreed to pay $8.5 billion to resolve claims that they abused some homeowners when they foreclosed on mortgages during the recent housing crisis, the Federal Reserve and the Comptroller of the Currency announced late Monday morning.

Read more
Business
2:31 pm
Mon January 7, 2013

How Twitter Can Help Find You a Job

Betsy Martin NPR

Originally published on Wed January 30, 2013 7:07 pm

Update: Here are the the six questions we'll be addressing during the #NPRTwitterChat at 5-6pm EST on Thursday, January 31. To join in, just follow the #NPRTwitterChat hashtag on Twitter. Then check back on the This is NPR blog next week for a post recapping the conversation and the tips shared.

#NPRTwitterChat Questions

Read more
Business
1:42 pm
Sat January 5, 2013

Planet Money: LeBron James Is Underpaid, and That's Good

Ronald Martinez Getty Images

Originally published on Mon January 7, 2013 5:10 pm

LeBron James, the best basketball player in the NBA, makes $17.5 million a year. He is the most underpaid professional athlete in the world today.

On today's show, we explain why LeBron is getting hosed — and why that's probably a good thing for NBA fans, team owners, other pro players, and even LeBron himself.

Read more
Business
3:59 pm
Thu December 20, 2012

Delays, Parking Restrictions Take Wing at Tampa International Airport

Tampa International Airport terminal

The nasty weather in the Midwest is taking its toll on flights here. Several flights have been canceled at Tampa International Airport. Airport communications manager Christine Osborn:

Read more

Pages