Things To Do In SW Florida

By LISA LEFF

Target said Thursday that it is eliminating about 1,800 corporate positions in an effort to streamline decision-making and accelerate initiatives to rebuild the flagging discount retailer’s customer base.

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  Winter Park OKs divisive racquet club project with conditions in upscale neighborhood

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  DeSantis slams Florida House’s property tax plan, calling it a ‘political game’

About 1,000 employees are expected to receive layoff notices next week, and the company also plans to eliminate about 800 vacant jobs, a company spokesperson said. The cuts represent about 8% of Target’s corporate workforce globally, although the majority of the affected employees work at the company’s Minneapolis headquarters, the spokesperson said. read more

By BERNARD CONDON

NEW YORK (AP) — Intel has posted a profit in its first quarterly report since the U.S. government became a major shareholder in the struggling chipmaker.

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  DeSantis slams Florida House’s property tax plan, calling it a ‘political game’

The one-time American tech icon reported a net income of $4.1 billion, or 90 cents per share, in the three months ending in September, up from a loss of $17 billion, or $3.88 per share, a year earlier. Revenue climbed 3% from last year to $13.7 billion.

Stock in the company rose nearly 8% in after-hours trading to $41.10, adding to strong gains since the United States invested in the summer. read more

By Tom Schoenberg, Bloomberg News

WASHINGTON — It’s one thing to be cleared by the president. It’s another to be cleared by the bank.

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  Target is eliminating 1,800 corporate jobs as it looks to reclaim its lost lustre

• 
  Intel posts profit even as it struggles to regain market share

• 
  Spirit says it is ‘actively’ exploring a sale or merger as it streamlines operations in bankruptcy

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  Winter Park OKs divisive racquet club project with conditions in upscale neighborhood

• 
  DeSantis slams Florida House’s property tax plan, calling it a ‘political game’

Republican fundraiser Elliott Broidy was pardoned at the end of President Donald Trump’s first term after a conviction for violating a U.S. lobbying law. Yet when he applied for an American Express Co. credit card this year, the lender denied him, citing his criminal history.

Mahmoud Reza Banki, the former chief financial officer of social media company X, says he ran into a similar problem. He claims JPMorgan Chase & Co. sought to close his accounts, citing a 15-year-old conviction for making false statements. He, too, had been pardoned at the end of Trump’s first term. read more

Spirit Airlines’ dramatic overhaul of its operations could well end with a sale or merger with another carrier, according to a recent regulatory filing.

While outlining the sweeping restructuring measures it has undertaken since filing a second Chapter 11 bankruptcy petition in less than a year, the airline has acknowledged holding talks with would-be suitors. The discussions have come as management has engaged in an aggressive transformation of Spirit’s route system, fleet, work force and passenger amenities, while taking stock of various assets that could be sold.

“The value maximizing outcome may be a merger or sale of the company; Spirit is actively working to explore all potential opportunities,” according to the mid-October filing with the Securities and Exchange Commission. “The company is actively engaged in discussions with a number of interested counterparties.”

The filing does not identify any suitor or merger partner.

But the Dania Beach-based budget airline, which filed for Chapter 11 bankruptcy protection on Aug. 29, endured a turbulent period of dueling courtships with Frontier Airlines and JetBlue Airways between 2022 and 2024. read more

Agreement to a cacophony of conditions covering everything from outdoor lighting to indoor window treatments helped the Winter Park Racquet Club get city approval for a controversial expansion project in its upscale neighborhood.

City commissioners Wednesday voted 4-1 to allow the club at 2111 Via Tuscany to tear down a two-story house fronting its campus and replace it with a larger single-story building.

The club founded in 1953 on the shores of Lake Maitland is in the neighborhood known as The Vias, where multimillion-dollar homes with manicured lawns line brick-surfaced streets. The proposal had irked many neighbors, whose concerns went beyond the specific construction project to encompass the number of club members, bright tennis court lights and pickleball noise. Yards across from the club displaying red signs stating: “Stop WPRC Commercial Expansion in Our Neighborhood.”

The project headed to commissioners with nine conditions that came out of Planning & Zoning Board meetings. But a couple hours before the commission met, a gathering of neighbors and club representatives agreed on 12 more — and commissioners added three — for a total of 24. That seemed to calm the opposition. read more