business

Updated at 10:51 a.m. ET

A record 3.28 million Americans filed for unemployment benefits last week as the coronavirus pandemic shut down much of the country. The Labor Department's report for the week ended March 21 was one of the first official indicators of how many people have suddenly been forced out of work nationally.

In the prior report, for the week ended March 14, initial claims totaled 282,000.

At a time when millions of Americans are losing jobs at restaurants, hotels and airlines because of the coronavirus pandemic, a few large companies are on a hiring spree.

That's because despite mass shutdowns and lockdowns, Americans still need food and medicine. And that means a new hiring push at supermarkets such as Kroger and Albertsons, pharmacies like CVS and Walgreens, convenience and discount stores like Dollar General and 7-Eleven, and retail giants like Amazon and Walmart.

Updated at 8:03 p.m. ET

On Monday evening, President Trump stressed what he called the need to reopen America for business even as he said the government also would continue tackling the spiraling coronavirus pandemic.

The White House's team will make an assessment after next week as to how effective social distancing and other mitigation measures have been in stifling the spread of the virus, said Vice President Pence.

Broward And Palm Beach To Close All Non-Essential Businesses To Contain Coronavirus, Governor Says

Mar 20, 2020
Amy Beth Bennett / South Florida Sun Sentinel

Broward and Palm Beach counties soon will shut down all “non-essential” businesses as part of containing the new coronavirus, Florida Gov. Ron DeSantis said Thursday afternoon.

Miami Herald

The “last call” for alcohol in South Beach will come earlier than usual this spring break.

The Miami Beach City Commission voted Wednesday night to roll back the hours that alcohol sales will close in the city’s entertainment district, from 5 a.m. to 3 a.m. after an extensive debate and feedback from small business owners who said the rollback would hurt their employees.

Jet fuel-guzzling Delta Air Lines and fossil fuel-pumping BP are vowing to go carbon neutral.

Updated at 10:30 a.m. ET

The Boy Scouts of America has filed for bankruptcy, a sign of the century-old organization's financial instability as it faces some 300 lawsuits from men who say they were sexually abused as Scouts.

The organization says it will use the Chapter 11 process to create a trust to provide compensation to victims. Scouting programs will continue throughout.

Questions From Pension Agency Might Slow Down McClatchy's Bankruptcy Process

Feb 17, 2020
KEVIN G. HALL / McClatchy

Bankruptcy proceedings for McClatchy Co. began Friday with a key government agency saying it opposed quick resolution of pension matters because of concerns about a 2018 transaction between the company and its largest creditor, Chatham Asset Management.

The Pension Benefit Guaranty Corporation, which takes over pensions in the event of company distress, argued against a request by McClatchy and Chatham to move immediately to mediation. The judge delayed a decision on the mediation request until Tuesday.

Spirit Airlines Is Done Dealing With Hurricanes, So Operations Are Moving Out

Feb 14, 2020
ERIC SALARD / Creative Commons

South Florida residents have grown used to the looming threat of hurricanes crashing into the coast and disrupting their lives for days or weeks. But Spirit Airlines has had enough.

The airline, one of only a handful still operating out of South Florida, is relocating its operations department to somewhere much less likely to get leveled by a hurricane — Tennessee.

News Company McClatchy, Owner Of The Miami Herald, Files For Bankruptcy

Feb 13, 2020
McClatchy

McClatchy Co., owner of the Miami Herald and 29 other newspapers, filed for bankruptcy Thursday, a move that will end family control of America’s second largest local news company and hand it to creditors who have expressed support for independent journalism.

The Chapter 11 filing will allow McClatchy to restructure its debts and, it hopes, shed much of its pension obligations. Under a plan outlined in its filing to a federal bankruptcy court, about 60 percent of its debt would be eliminated as the news organization tries to reposition for a digital future.

The experience of raising money last year bewildered Elizabeth Giorgi at first. Almost always, she pitched her startup company, Soona, to an all-male audience of investors.

"People would assume that my male colleague was the founder and not me," she says. "I would occasionally have people ask me about whether or not I have children or if I was planning on having children anytime soon."

Pedro Portal / Miami Herald

Miami-Dade is getting wealthier.

But as the cost of goods and services here rises alongside incomes, some residents may be getting pushed out.

Carl Juste / Miami Herald

Amazon’s fulfillment center in Opa-locka is aptly named: It fulfills the impossible-seeming task of having almost any item imaginable shipped directly to one’s door in a matter of hours.

A few clicks of a mouse set into motion a veritable ballet of autonomous functions and approximately 2,000 human packers in Northeast Miami-Dade that allows a shopper, or his intended recipient, to pick up packages from their doorsteps.

Brendan Farrington / AP via Miami Herald

A series of polls from the St. Leo University Polling Institute shows Floridians deeply divided on some of the major issues that the state will face in the coming year. But most Floridians support increasing the state's minimum wage.

Florida Republican Governor Ron DeSantis is calling on state lawmakers to further crack down on undocumented immigration by mandating the use of E-Verify. The effort comes nearly a year after the legislature approved a ban on so-called sanctuary cities which requires local law enforcement to cooperate with federal immigration authorities. 

E-Verify is a federal database used by employers to check an applicant's work eligibility. Currently all Florida state agencies are required to use it. DeSantis wants to expand that requirement to private business owners and employers.

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