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Jacksonville Business Journal
  • Web.com reports $3.6M profit in 4Q, $9.3M loss for 2011
    Web.com Group Inc. reported net income of $3.6 million in the fourth quarter, but a net loss of $9.3 million for 2011. The company had a net loss of $16.1 million in the fourth quarter of 2010. Earnings per diluted share were 8 cents for the fourth quarter of 2011, compared with a loss of 63 cents in the fourth quarter of 2010. The net loss of $9.3 million, or 30 cents per diluted share, for 2011 was 43 percent greater than the net loss of $6.5 million, or 26 cents per diluted share, for 2010. Web...


  • Ben Bernanke: Community banks improving financially
    ARLINGTON, Va. — Community banks are seeing improved financial performance despite a challenging economy, Federal Reserve chair Ben Bernanke told a conference of community bankers on Thursday. Community banks' profits have risen the past several quarters, while banks are having to set aside less to cover potential losses to their loan portfolios, Bernanke said at a conference on the future of community banks organized by the Federal Deposit Insurance Corp. That is good news for community banks -- those with assets under $1 billion-- and the communities they serve...


  • Developer confirms plans for new Northside shopping center
    The developer of the River City Marketplace has confirmed its plans to develop a new shopping center on the Northside. In its fourth quarter report Tuesday, Ramco-Gershenson Properties Trust (NYSE: RPT) said it commenced development of the first phase of Parkway Shops, adjacent to the River City Marketplace, in the fourth quarter. Ramco-Gershenson, based in Farmington Hills, Mich., developed, owns and operates the nearly 1 million square foot River City Marketplace. River City has only one vacancy, a restaurant space...


  • Dade Medical College adds Jacksonville campus
    Dade Medical College has opened a fifth campus in Jacksonville after receiving approval from the Accrediting Bureau of Health Education Schools. “I’m proud and excited to announce that Dade Medical College is coming to Northeast Florida,” Dade Medical College President and CEO Ernesto Perez said in a news release. “We look forward to bringing our outcome-based educational mission to the city of Jacksonville and to becoming part of the fabric of this community.” Enrollment is open now and classes are expected to begin at the campus, at 9550 Regency Square Blvd...


  • Southwest raises round-trip fares by $10
    Southwest Airlines has raised its round-trip fares by $10, and other airlines are likely to match the hike. MSNBC reports that the move is the third attempted fare hike of the year. Delta Air Lines (NYSE: DAL) led two fare increases in January, according to the report, but competitors matched only the first one. Other airlines are expected to follow Southwest's lead, according to the report, because every fare hike initiated by Southwest (NYSE: LUV) in the last six years has been matched. Southwest Airlines is the busiest commercial carrier at Jacksonville International Airport.