Things To Do In SW Florida

Chapter 7

Central Florida individuals and businesses that have filed for liquidation under Chapter 7 of the U.S. Bankruptcy Code include:

Buffalo Body Works LLC, 657 E. Bay Ave., Longwood. Filed: Aug. 19. Assets: $2,500. Liabilities: $106,600. Major creditors: Not available. Creditors meeting: Oct. 1.

Chapter 11

Central Florida individuals and businesses that have filed for reorganization and protection from creditors under Chapter 11 of the U.S. Bankruptcy Code include:

Bravo Brio Restaurants LLC, 4700 Millenia Blvd., Suite 400, Orlando. Filed: Aug. 18. Assets: $50,000,001-$100 million. Liabilities: $50,000,001-$100 million. Major creditors: Sysco Corp., Cypress, Texas, $1,933,757; C.H. Robinson Co. Inc., Eden Prairie, Minn., $721,164; Greene Town Center LLC, New York City, $401,660. Creditors meeting: Sept. 16.

Bravo (Louisville) LLC doing business as Bravo! Italian Kitchen, 4700 Millenia Blvd., Suite 400, Orlando. Filed: Aug. 18. Assets: $1,000,001-$10 million. Liabilities: $0-$50,000.  Major creditors: PNC Bank c/o SS&C/Innovest, Fort Worth, Texas, $12,190; TWB Oxmoor 2 LLC, c/o Baird Trust Co., Louisville, Ky., $6,099. Creditors meeting: Sept. 16. read more

By PAUL WISEMAN, AP Economics Writer

WASHINGTON (AP) — President Donald Trump likes to boast about how much money the U.S. Treasury is raking in from the massive taxes – tariffs — he’s slapped this year on imports from almost every country in the world.

“We have trillions of dollars coming into our country,” Trump said Wednesday. “If we didn’t have tariffs, we would be a very poor nation and we would be taken advantage of by every other nation in the world, friend and foe.”

But two courts have now ruled that his biggest and boldest import taxes are illegal. If the Supreme Court agrees and strikes them down for good, the federal government could have to pay back many of the taxes it’s already collected from companies that import foreign products into the United States.

“We’re talking about hundreds of billions of dollars potentially in refunds affecting thousands and thousands of importers,” said trade lawyer Luis Arandia, a partner with the law firm of Barnes & Thornburg. “Unwinding all that will be the largest administrative effort in U.S. government history.’’ read more

By LINDSAY WHITEHURST and MARK SHERMAN, Associated Press

WASHINGTON (AP) — President Donald Trump is seeking a swift and definitive decision on tariffs from the Supreme Court that he helped shape, saying the country would be on “the brink of economic catastrophe” without the import taxes he has imposed on U.S. rivals and allies alike.

The administration used near-apocalyptic terms that are highly unusual in Supreme Court filings as it asked the justices late Wednesday to intervene and reverse an appeals court ruling that found most of Trump’s tariffs are an illegal use of an emergency powers law. The tariffs remain in place, for now.

The case comes to a court that has so far been reluctant to check Trump’s extraordinary flex of executive power. One big question is whether the justice’s own expansive view of presidential authority allows for Trump’s tariffs without the explicit approval of Congress, which the Constitution endows with the power over tariffs. Three of the justices on conservative-majority court were nominated by Trump in his first term. read more

By STAN CHOE, AP Business Writer

NEW YORK (AP) — Stocks on Wall Street rose Thursday ahead of an update on the U.S. job market that could clear the way for cuts to interest rates that investors love.

The S&P 500 rose 0.6% as it clawed back more of its losses since setting an all-time high last week. The Dow Jones Industrial Average was up 328 points, or 0.7%, as of 2:11 p.m. Eastern time, and the Nasdaq composite was 0.6% higher.

Stocks got some lift from easing pressure from the bond market, where Treasury yields fell following reports on the weaker U.S. job market. One report suggested employers, not including the government, nearly halved their hiring last month. Another said that more workers applied for unemployment benefits last week in an indication of rising layoffs.

Neither number is flashing a recession, and a third report on activity for businesses in the information and other services industries showed a stronger-than-expected growth.

The upside for investors of a slowdown in the job market is that it could push the Federal Reserve to consider cutting its main interest rate for the first time this year at its next meeting in a couple weeks. Such cuts can kickstart the economy and job market, though they can also stoke inflation. read more

By DAVID BAUDER, AP Media Writer

NEW YORK (AP) — The conservative news network Newsmax filed an antitrust lawsuit against Fox News on Wednesday, saying Fox has sought to maintain its market dominance through intimidation and exclusionary business practices designed to stifle competition.

Fox has sought to block television distributors from carrying Newsmax or minimize its exposure, pressured guests not to appear on the rival network and hired private detectives to investigate Newsmax executives, said the lawsuit, filed in U.S. District Court in south Florida. Newsmax seeks a jury trial.

Fox, in a statement, said “Newsmax cannot sue their way out of their own competitive failures in the marketplace to chase headlines simply because they can’t attract viewers.”

This is a developing story and will be updated.

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