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Category: Business

Amazon to buy MGM for $8.45B, paving way for extensive TV & film library on Prime

NEW YORK / AP — Amazon is going to Hollywood. The online retailer giant is buying MGM, the production studio behind James Bond, “Legally Blonde” and “Shark Tank,” with hopes of fill its video streaming service with more things to watch. Amazon is paying $8.45 billion for MGM, making it the company’s second-largest acquisition after it bought grocer Whole Foods for nearly $14 billion in 2017. This deal is the latest in the industry that’s aimed at boosting streaming services to compete with Netflix and Disney+. Amazon doesn’t say how many people watch its...

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Important things to know before the stock market opens Wednesday

Here’s a list of the most important news, trends and analysis that investors need to start their trading day: 1. Dow could rebound after breaking three-day winning streak Stock futures for the United States increased on Wednesday after the Dow broke a three-day winning streak. The 30-stock average closed down 81 points on Tuesday as the market struggled for direction ahead of Memorial Day weekend. It was up more than 100 points at session highs. 2. Bitcoin makes some progress, but the recent collapse has strengthened gold prices Prices for the popular cryptocurrency “Bitcoin”...

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Florida homeowners face soaring property insurance rates

FORT MYERS, Fla.– Property insurance rates are on the rise for homeowners in Southwest Florida. In some cases, people are seeing the amount they normally pay, doubling. The property insurance market is in turmoil and one big reason is the massive amount of fraud since hurricane Irma struck the state. If you’re a property owner in Southwest Florida, your home insurance might be going through the roof. The problem is so serious that many realtors fear it could threaten the booming housing market.   Serena Warf, a Cape Coral resident, was caught off guard when she...

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Companies could legally require employees to get vaccinated

FORT MYERS, Fla. — More and more people are getting vaccinated from the coronavirus every single day. That means getting life back to normal, and for many, back to work.  But can your employer ask if you got your vaccine? Or even more, can your work require you to get a shot?  “Yes,” says Attorney Lance Dunford, a partner at the Law Firm of Scott T. Moorey. “The simple answer is yes.” Employers can even go as far as to see your vaccine card, despite Gov. Ron DeSantis’ executive order against vaccine passports.  “What’s on this vaccination card does not give any...

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36,000 faux AirPods seized by US Customs

CINCINNATI, Oh. / CNN — US Customs and Border Protection officers have seized 36,000 headphones that resembled Apple AirPods. CBP in Cincinnati said that the headphones, which arrived in three shipments from China, were in violation of “trademark and copyright codes,” according to a news release. The wireless headphones violated trademarks that “protected Apple configuration” recorded with CBP, the release said. “Counterfeit products can be deceiving at first glance,” Cincinnati Port Director Richard Gillespie said in a statement. “They’re...

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