Investment banking and interest income helped bump up revenue for the second quarter of FY 2019 at Raymond James Financial Inc. Raymond James (NYSE: RJF) reported net income of $261 million, or $1.81 a share, on revenue of $1.86 billion for the three months ended March 31. Revenue was up 3 percent and net income was up 7 percent over the same period a year earlier, the St. Petersburg financial services firm said.
Shelley Broader, a businesswoman with several Tampa Bay ties, abruptly resigned Wednesday as president and CEO of Chico's FAS (NYSE: CHS), a women's clothing company in Fort Myers. Broader previously was president and CEO of Sweetbay Supermarket in Tampa and she is a member of the board of directors of Raymond James Financial Inc. (NYSE: RJF) in St. Petersburg.
Masonite International (NYSE: DOOR) said it will not reopen a cut-stock facility in Stockton, in central California, after the plant was severely damaged in a fire. About 120 workers at the plant fabricated wood for production of doors, Recordnet.com reported. Masonite, a Tampa-based manufacturer, said in a news release that it will help workers find new employment opportunities. The company expects to ramp up production at two other cut-stock plants.
SalonCentric, a St. Pete-based distributor of salon professional products, partnered with Tippy, a Fort Lauderdale company with a disruptive tipping solution for the salon and spa industry. Tippy’s technology allows service professionals such as stylists to collect tips and deposit them into their personal bank accounts daily.
Frontier Communications Corp. will continue to be the “official residential television and Internet provider” for the Tampa Bay Buccaneers through 2024. As part of the multi-year agreement, first entered into in 2016, the Bucs and Frontier will work together to engage fans throughout the Tampa community with sweepstakes and other activities. Significant branding in Raymond James Stadium is part of the partnership. Financial terms were not disclosed.
Jane Castor will become the next mayor of Tampa. The former police chief captured 73.1 percent of the vote Tuesday night, defeating David Straz, a philanthropist and retired banker. Castor will take office on May 1, succeeding Bob Buckhorn, who served eight years as mayor.
Raymond James Financial (NYSE: RJF) Chief Investment Strategist Jeff Saut will retire from the company effective April 26. Saut, 69, has worked at Raymond James for 20 years, a news release said. The St. Petersburg-based financial services firm said it retains a very robust investment strategy team led by Chief Investment Officer Larry Adam, former chief investment officer at Deutsche Bank.
A lawsuit filed in Connecticut accuses Outback Steakhouse of Florida and Bloomin’ Brands Inc. (Nasdaq: BLMN) of failing to comply with that state’s minimum wage law. At issue is how servers were paid for time they spent on non-service work such as cleaning and stocking. The prospective class action lawsuit could cover hundreds of servers in Connecticut, law.com reported. The company did not respond to requests for comment from law.com or from the St. Pete Catalyst.
Spectrio, a Tampa-based company that provides in-store music, on-hold marketing and related services, has merged with Commercials On Hold, a division of Transmedia Advertising in Macon, Georgia. Financial terms were not disclosed. The deal expands Spectrio’s in-store marketing customer base, a news release said.
Tapp Network will cut the ribbon on its new St. Petersburg office Wednesday. The marketing and technology agency is operating out of co-working space at Station House, while it grows its local team. Tapp serves nonprofits and organizations seeking to accelerate their social impact and capacity building for good and to accelerate equitable economic growth in the community, a news release said.
The city of St. Petersburg has released applications for incentives under the newly approved Storefront Conservation Corridor Plan. Eligible businesses along Beach Drive and Central Avenue can apply for up to $20,000 in grant funding for a variety of uses and property owners can access a $10,000 incentive for leasing to a local, independent business. For eligibility information, guidelines and to apply, visit stpete.org/storefront.
aXiomatic LLC, a Los Angeles-based esports firm, raised $21.5 million in an offering earlier this month. The company issued debt, options and warrants, a filing with the U.S. Securities and Exchange Commission said. Tampa Bay Lightning owner Jeff Vinik is co-executive chairman of aXiomatic.