Newspaper article The Florida Times Union

Morning Briefing

Newspaper article The Florida Times Union

Morning Briefing

Article excerpt

AMWARE TO MOVE FACILITIES

Amware Logistics is moving its facilities from Bright Avenue to a 248,000-square-foot industrial space at 1111 Imeson Park Blvd. Amware is a Colorado-based third-party provider of public and contract warehousing, storage and transloading. The lease was handled by Grubb & Ellis Phoenix Realty Group Inc. and King Commercial Realty of Florida Inc.

CORNERSTONE HONORS BUSINESSES

The Jacksonville Cornerstone Regional Development Partnership announced its fourth annual international trade awards yesterday at its quarterly luncheon.

RRB Systems International won small-business exporter of the year for its development of a law enforcement baton. The Bacardi Bottling Corp. was named international trader of the year for its long-standing international spirits distribution out of Jacksonville.

Global transportation company AMPORTS won the award for trade service provider of the year. AMPORTS is the largest independent import and export automobile processing business in the nation.

And George Gable Jr., executive partner of the Jacksonville law office of Holland & Knight won international person of the year. Holland & Knight is the largest commercial law firm in Florida and is among the 20 largest law firms worldwide. Gable works in international maritime law and some media law.

Cornerstone is the regional economic development division of the Jacksonville Regional Chamber of Commerce. A Cornerstone committee chaired by Graham Martin determined the award winners.

NATION

INVESTORS SHAKE OFF POOR REPORTS

Wall Street shook off a trio of disappointing economic reports and forged ahead with its fall rally yesterday, posting a fourth consecutive weekly win for the first time in more than two months.

Analysts attributed the recovery and subsequent rally to buying momentum that built up throughout October.

"Investor psychology has changed. The market has become very resilient to bad news. Today is a good example of that," said Michael Murphy, head trader at Wachovia Securities in Baltimore. "Nobody wants to be left behind."

Stocks overcame news that consumer spending and manufacturing activity declined and that the unemployment rate increased.

The indexes scored a four-week winning stretch for the first time since the four weeks that ended Aug. 23. For the week, the Dow rose 0.9 percent, the Nasdaq gained 2.2 percent, and the S&P advanced 0.4 percent.

UPS WON'T NEED EXTRA HOLIDAY HELP

United Parcel Service doesn't plan to boost the workforce at its main air hub in Louisville, Ky., to handle the holiday shipping season because of its new $1.1 billion automated sorting operation.

In past years, UPS has hired up to 1,700 temporary workers to handle the holiday work load. The new sorting operation, named WorldPort, allows the company to sort more packages with no additional employees. …

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