Macy's Bloomingdale's to open to downtown Miami Worldcenter

Miami’s cachet as an international shopping Mecca is taking a quantum leap forward.

Macy’s and Bloomingdale’s unveiled plans to open new stores at Miami Worldcenter, the outsized, mixed-use project planned for downtown’s Park West district, which is west of Biscayne Boulevard across from AmericanAirlines Arena.

Macy’s Inc., the parent of both retailing heavyweights, expects by late 2016 to open a 195,000-square-foot Macy’s and a 120,000-square-foot Bloomingdale’s, anchoring three levels of retail comprising another 425,000 square feet.

The Forbes Company and Taubman Centers Inc., two prominent regional mall developers, formed a joint venture to develop the urban mall on a 10-acre site it is acquiring from Miami Worldcenter Associates.

Miami Worldcenter Associates, headed by Nitin Motwani and Art Falcone, is the master developer overseeing the redevelopment of some 27 acres of prime downtown property that currently includes parking lots, night clubs, an art house and a tech accelerator. Earlier development efforts had stalled during the real estate crash, but the venture has since gained momentum.

The working name for the shopping center is The Mall at Miami Worldcenter.

“Our hopes are to break ground in late 2014,” said Nathan Forbes, managing partner of Forbes, based in Southfield, Mich.

Source: sfgate

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NBC's 'The Sound of Music Live'

Few people would mistake the Long Island commuter town of Bethpage (elevation: 105 feet) for the Austrian Alps. But on a vast soundstage in an anonymous industrial park about 45 minutes from Manhattan sits a gently sloping, man-made hill that will double for one of that country's scenic peaks on Thursday.

That's when NBC unveils "The Sound of Music Live!," a three-hour televised version of the 1959 Rodgers & Hammerstein musical featuring country music megastar Carrie Underwood in the iconic role of free-spirited nun-turned-governess Maria.

On a recent afternoon the "American Idol" winner, looking mildly rebellious in black skinny jeans and a Rolling Stones T-shirt, wandered through the ersatz landscape, rehearsing the titular opening number as Beth McCarthy-Miller, one of two directors on the show, watched the action on a flat-screen monitor about 50 feet away. They were in the middle of a long day of camera-blocking, the painstaking process by which cast and crew work out the precise choreography of the upcoming live telecast.

Source: latimes

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Why Drone Delivery Won't Replace the UPS Guy

When Jeff Bezos, the C.E.O. of Amazon, told “60 Minutes” this week that his company was experimenting with having drones deliver its packages, he seemed to be conjuring up a future in which fleets of flying …

United Parcel Service, Inc. (UPS), currently valued at $94.43B, started trading this morning at $101.46.

During today’s session, UPS traded between $101.46 to $102.08 with the price of the stock fluctuating between $72.58 to $103.04 over the last 52 weeks.

UPS shares are currently priced at 21.37x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 35.55x earnings multiple for the same period.

And for income investors, the company pays shareholders $2.48 per share annually in dividends, yielding 2.40%.

Consensus earnings for the current quarter by the 27 sell-side analysts covering the stock is an estimate of $1.43 per share, which would be $0.11 better than the year-ago quarter and a $0.00 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $4.76 would be a $0.23 improvement when compared to the previous year’s annual results.

The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $15.11 Billion. If realized, that would be a 3.71% increase over the year-ago quarter.

Source: jutiagroup

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Nelson Mandela dead at 95

Nobel laureate and human rights campaigner spent 27 years in prison.Nelson Mandela, the anti-apartheid icon who became the first president of a democratic South Africa, passed away Thursday at his home in Johannesburg after a prolonged lung infection. He was 95.

South African President Jacob Zuma announced that Mandela, "the founding president of our democratic nation, has departed," adding that he "passed on peacefully."

"Our nation has lost its greatest son. Our people have lost a father," Zuma said.

"Our thoughts are with the millions of people who embraced Mandela as their own and who saw his cause as their cause.… This is the moment of our deepest sorrow.”

Mandela will be accorded a state funeral, Zuma said, and national flags will be lowered to half-mast.

"We saw in him what we seek in ourselves. And in him we saw so much of ourselves," he said. "Nelson Mandela brought us together and it is together that we will bid him farewell."

Mandela's respiratory problems in recent years may have been connected to his imprisonment, when he contracted tuberculosis after working in a prison quarry. He had been in hospital in recent months.

Mandela was a prominent international figure for more than half a century, first as a leading human rights campaigner in South Africa and then as the world's best-known political prisoner.

Source: cbc

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Actor Walker died from multiple injuries in crash

"Fast & Furious" actor Paul Walker died from multiple injuries in a weekend car crash, the Los Angeles County coroner said on Wednesday, as Universal Pictures suspended production of the seventh installment in its lucrative car racing film franchise.

Walker, 40, was a passenger in a fiery one-car crash on Saturday in Santa Clarita, California, about 30 miles northwest of Los Angeles, that also killed 38-year-old driver Roger Rodas.

The coroner said Walker's death resulted from "traumatic and thermal injuries." While the coroner did not elaborate, thermal injuries are heat-related and are commonly burns.

Universal, owned by Comcast Corp, said filming of the big-budget action movie has been put on hold for an unspecified amount of time as it decides how to continue production without Walker.

"At this time we feel it is our responsibility to shut down production on 'Fast & Furious 7' for a period of time so we can assess all options available to move forward with the franchise," Universal Pictures said in a statement.

The film, which began production in September, is currently scheduled to be released in theaters on July 11, 2014.

Source: reuters

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4 reasons the Yankees will regret the Jacoby Ellsbury deal

Sports’ Bob Nightengale is reporting Jacoby Ellsbury has signed a seven-year contract with the New York Yankees that is in excess of $150 million, ending his seven-year stint with the Boston Red Sox.

Reactions to the deal were mixed. Some Red Sox and Yankees fans felt the signing was the second coming of the Johnny Damon deal, with the Yankees grabbing away another likable Red Sox center fielder and, in doing so, hurting their biggest rival.

This is silly. The Red Sox were never going to pay what Ellsbury (and his agent Scott Boras) wanted. Ellsbury is 30 years old and has been injury-prone is his career so far. The Yankees just gave him a seven-year deal. Let’s count all the ways this is problematic.

1. The Yankees will be paying Jacoby Ellsbury $20 million a year until he’s 37

So the Yankees just went through a nasty ordeal in which they needed a league suspension to (hopefully) get out of paying a declining superstar (Alex Rodriguez) a massive amount of money every year. So, let’s say they are granted this incredibly lucky reprieve — before it’s even finalized they turn around and offer a another massive contract to a guy entering his 30s? Um, what?

2. Ellsbury is known for his speed, something that typically declines in human beings when they are in their late 30s

Yankees fans lamented Alex Rodriguez’s decline, and the massive amount of money he was owed, when his bat speed slowed down a bit. Know what deteriorates faster than bat speed in guys as they age? Speed speed. Ellsbury is a phenomenal hitter, but he relies as much on his legs as anything, both on offense and defense. We’ll see how fast he is when he’s 35, and how happy Yankees are that he still has two years left on his deal.

3. The Yankees already have Brett Gardner

Wait, the Yankees already have a speedy, 30-year-old center fielder who’s stolen 50 bases in a season before? Yes, yes they do. Now, Ellsbury is a better player than Gardner. No one is arguing that. But is he that much of an improvement to justify spending $150 million over seven years? To the people who respond: “But Gardner is injury prone!” um, have you met Jacoby Ellsbury?

4. The Yankees have not learned from the mistakes of others

Two years ago, the Angels spent huge bucks to sign Albert Pujols. Last year, they spent huge money signing Josh Hamilton. Both were in their early thirties, and had produced big numbers up until that point. Both immediately fell off from their peak production, and now the Angels are saddled with two massive contracts, when all they want to do is build around their young phenom Mike Trout.

Source: usatoday

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Bill Beckwith Dies In Motorcycle Crash

Bill Beckwith, the handsome 38-year-old carpenter who won over legions of fans on the HGTV show Curb Appeal, died in a motorcycle crash in San Francisco, Calif. on the evening of Dec 2.

Bill passed on Monday, Dec. 2, when his motorcycle was hit by a car in San Francisco. Bill was a popular figure on Curb Appeal, which he co-hosted with John Gidding, Chip Wade and Kimberly Lacy. 

The handsome handyman helped homeowners make improvements to the outdated exteriors of their homes to raise their appeal to potential buyers. It was a great job for Bill, who “started working with his hands at an early age” on a 60-acre vegetable farm in midcoast Maine, according to his official HGTV bio. 

He then studied English and martial arts at the University of Montana, and moved to Northern California to become a licensed contractor. He ran his own company, BB Design Build, in addition to working on Curb Appeal.

HGTV expressed their condolences in an email: “The HGTV family is deeply saddened by Bill’s tragic death and we mourn his loss along with his many family and friends who will miss his creativity, adventurous spirit and general love of life.”

The network also reached out on the show’s official Facebook page. ”We are heartbroken,” HGTV wrote. “Bill was truly a beloved and respected member of our Curb Appeal family and this loss is devastating to us. We send our deepest and most sincere condolences to Bill’s family.”

Source: hollywoodlife

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