Web.com To Ring Stock Market Bell
Florida Business News
Jacksonville?s Web.com will have a center spot Thursday on Wall Street. To mark the Web.com golf tour completing its season, a group representing the company and the tour will ring Nasdaq?s closing bell. Having the honor will be CEO David Brown, MIchael Putman, Web.com Tour regular season leading money winner; John Peterson, Web.com Tour finals leading money winner; Chesson Hadley, Web.com Tour championship winner.
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Businessman Patrick Williams: 1921-2013
Florida Business News
A memorial service for Patrick Williams Jr., a businessman and former athlete who never sought credit for his philanthropic activities, will be at 11 a.m. Thursday. He died Oct.10 of pancreatic cancer. He was 92. The service will be at First Presbyterian Church, 118 E. Monroe St.Mr. Williams moved to Jacksonville in 1947 to work for Moore Dry Kiln Co., a family business. It sold wood-drying equipment worldwide.
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Jacksonvilles Crowley Raises $200 Million Through Preferred Securities Share Sale
Florida Business News
Jacksonville-based Crowley Maritime Corp. raised $200 million in gross proceeds from the sale of 200,000 shares of income preferred securities.That money will be used the net proceeds to build new vessels in the cargo company and for general purposes at the business, a news release said Wednesday.?We are very pleased to have concluded this important transaction for the company, especially as it offers a new source of capital to pursue our growth plans,? said Crowley?s President and CEO Tom Crowley.
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Did Duval Businessman Fake His Death Leave Millions In Bills Unpaid
Florida Business News
Dead or alive?While companies maneuver for part of an Atlantic Beach businessman?s estate, a life-insurance company is refusing to pay out on a multimillion-dollar policy for a man it says is still alive.Jose Lantigua, a former finance executive who became the owner of Circle K Furniture, was traveling in April when he was reported dead in Venezuela.The U.S. embassy in Caracas said he died in Rio Chico, a tourist town near the Caribbean coast, and said the 60-year-old Cuban native was cremated in South America.
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CSX And GE To Use Natural Gas To Fuel Locomotives
Florida Business News
CSX Corp. and a division of General Electric announced Wednesday they will explore technology that would allow locomotives to run on liquefied natural gas, an agreement the companies say could revolutionize the railroad industry.Jacksonville-based CSX says it will work with GE Transportation over the coming months on a test plan to outfit some diesel-powered locomotives with a kit that will give them the capability to also run on liquefied natural gas ? an increasingly popular fuel because of its relatively low cost and lower emissions.
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San Pablo Apartments Sell For $35.6 Million
Florida Business News
The Seagrass Apartments on San Pablo Road have sold for $35.6 million before it?s even finished. Mesa Capital Partners of Atlanta bought the 396-unit complex on 22 acres, just south of Atlantic Boulevard.While some of the 15 buildings are completed and occupied, some are not yet done.Brian Moulder, who along with Dhaval Patel represented the seller for CBRE, said it?s the first presale of an apartment complex since the Retreat at St. Johns sold in 2007.
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After Years Of Budget Cuts First Baptist Church Eliminates 47 Positions
Florida Business News
First Baptist Church has laid off dozens of employees. Rumors of the layoffs have circulated for several days, and Wednesday morning, Senior Pastor Mac Brunson sent a letter to church members saying that 14 full-time and 33 part-time positions have been eliminated from its 220-person staff.Jeff Stoll, executive pastor of communications, said that all the affected positions had been occupied by staff except for a few of the part-time ones.Those being laid off were informed last week, he said.
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Jacksonvilles Patriot Transportation Shows Huge Spike In Income
Florida Business News
Jacksonville-based Patriot Transportation Holding, Inc. reported net income of $6.99 million or 72 cents per diluted share in the fourth quarter this year, an increase of $5.63 million over the same time frame a year ago.That?s about a 415 percent increase compared to net income of the $1.36 million or 14 cents per diluted share in the same period last year. The spike in earnings was attributed to gains from sales of investment properties, a news release said Wednesday.
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