Things To Do In SW Florida

By MICHAEL LIEDTKE, AP Technology Writer

SAN FRANCISCO (AP) — President Donald Trump’s administration has been predicting its barrage of tariffs targeting China will push Apple into manufacturing the iPhone in the United States for the first time.

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But that’s an unlikely scenario even with U.S tariffs now standing at 145% on products made in China — the country where Apple has manufactured most of its iPhones since the first model hit the market 18 years ago.

The disincentives for Apple shifting its production domestically include a complex supply chain that it began building in China during the 1990s. It would take several years and cost billions of dollars to build new plants in the U.S., and then confront Apple with economic forces that could triple the price of an iPhone, threatening to torpedo sales of its marquee product. read more

By MARC LEVY

HARRISBURG, Pa. (AP) — A new executive order from President Donald Trump that’s part of his effort to invigorate energy production raises the possibility that his Department of Justice will go to court against state climate change laws aimed at slashing planet-warming greenhouse gas pollution from fossil fuels.

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Trump’s order, signed Tuesday, comes as U.S. electricity demand ramps up to meet the growth of artificial intelligence and cloud computing applications, as well as federal efforts to expand high-tech manufacturing. It also coincides with “climate superfund” legislation gaining traction in various states. read more

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:

The Accounting Lab Group LLC, 1540 International Parkway, Suite 2000, Lake Mary. Filed: March 25. Assets: $1,000,001-$10 million. Liabilities: $1,000,001-$10 million. Major creditors: Newtek Bank N.A., New York City, $3,700,000; Fusion Funding, East Rochester, N.Y., $611,000; Unique Funding Solutions LLC, Hollywood, $280,000. Creditors meeting: Not available.

PB Restaurants LLC, 4700 Millenia Blvd., Suite 400, Orlando. Filed: April 4. Assets: $100,001-$500,000. Liabilities: $1,000,001-$10 million. Major creditors: RingCentral Inc., Belmont, Calif., $400,000; Starwood Value Add Fund LP, St. Louis, Mo., $302,631; Symetra Life Insurance Co. Inc., Minneapolis, $107,000. Creditors meeting: May 5.

Planet Express (LAX) LLC, 4700 Millenia Blvd., Suite 400, Orlando. Filed: April 4. Assets: $100,001-$500,000. Liabilities: $1,000,001-$10 million. Major creditors: Westfield Concessions Management, Los Angeles, $1,000,000; Santa Monica Unite Here Health, Los Angeles, $282,041; Sysco-Walnut Sysco Los Angeles, Walnut, Calif., $54,093. Creditors meeting: May 5. read more

By CHRIS MEGERIAN and SEUNG MIN KIM

WASHINGTON (AP) — The stock market was soaring and the sun was shining when President Donald Trump stepped out of the Oval Office on Wednesday afternoon. Less than two hours earlier, he had retreated from his plans to increase tariffs on many U.S. trading partners, and investors were rejoicing after bracing for a global economic meltdown.

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“You’ve got the markets seeing your brilliance,” Sen. John Barrasso, a Republican from Wyoming, told the president. read more

By ALEX VEIGA, AP Business Writer

The average rate on a 30-year mortgage in the U.S. declined for the third week in a row, another positive move for prospective homebuyers during what’s traditionally the housing market’s busy season.

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The rate fell to 6.62% from 6.64% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.88%.

The average rate has mostly trended lower since reaching just over 7% in mid-January. When mortgage rates decline, they boost homebuyers’ purchasing power.

Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners refinancing their home loans, were unchanged from last week. The average rate remained at 5.82%, but is down 6.16% a year ago, Freddie Mac said. read more