Business briefs: Concession house sells for $2.8 million

May 20, 2014 

BRADENTON -- A 9,000-square-foot lakefront house in The Concession Golf and Country Club neighborhood recently sold for $2.8 million.

ONE Sarasota Realty Group, a Sarasota-based, full-service real estate firm, sold the house which closed May 12.

The house at 18808 Ganton Ave., has four-bedrooms, four full bathrooms and two half-bathrooms. Completed in 2012, the home features a fully equipped home theater, climate-controlled wine room, his-and-her master bathrooms, putting green, waterfall with lily pond, 50-foot pool with fire pit, spa flanked by royal palms, video surveillance system and an exercise room with cork flooring. A guest house on the property includes two bedrooms and one-and-a-half bathrooms. The property is nearly 1.5 acres on one of the communities' largest lakes.

Michael Stone, an insurance executive from Peoria, Ill., bought the property.

Vacant residential land in Ruskin sells for $2.1M

RUSKIN -- More than 76 acres of vacant residential land near the site of the future Amazon warehouse in Ruskin sold for $2.1 million this month.

Bill Eshenbaugh, president of Eshenbaugh Land Co., sold the land at 19th Avenue NE and 12th Street NE in Ruskin. The surrounding area is rapidly transitioning from rural agricultural to development.

Sprint to pay $7.5M for do-not-call violations

Sprint will pay $7.5 million to resolve federal regulators' inquiry into its failure to honor consumer requests they not receive telemarketing calls or texts, the Federal Communications Commission said Monday.

The agreement between Sprint and the FCC marks the largest settlement yet of do-not-call violations, the FCC said. It follows a settlement of similar allegations against the company in 2011. Under the latest accord, Sprint will have to implement a compliance plan and update regulators on its efforts over the next two years.

In an emailed statement, Crystal Davis, a Sprint spokeswoman, said the settlement pertained to issues "resulting from technical and inadvertent human errors" that the company reported to the FCC.

Since 2003, American consumers have been able to opt out of receiving many telemarketing calls by registering on a national do-not-call registry. But companies with which consumers have established business relationships are exempt, as are nonprofits, the FCC said

U.S. stocks advance amid small-cap, Internet rally

NEW YORK -- U.S. stocks rose during one of the slowest trading days of the year as Internet and small-cap shares extended a rebound from losses last week.

Pandora Media, TripAdvisor and Netflix increased more than 4.2 percent

to lead gains in Internet stocks. Pfizer rose 0.6 percent after AstraZeneca rejected the drugmaker's $117 billion offer. AT&T dropped 1 percent after agreeing to buy DirecTV, the largest U.S. satellite-TV company, for $48.5 billion. Campbell Soup lost 2.4 percent after lowering its sales forecast for the year.

The S&P 500 gained 0.4 percent to 1,885.08, following the first back-to-back weekly losses since January. The Dow Jones Industrial Average increased 20.55 points, or 0.1 percent, to 16,511.86. The Russell 2000 Index jumped 1 percent, and the Nasdaq 100 Index climbed to the highest level since April 3. About 4.9 billion shares changed hands on U.S. exchanges, the second-lowest level of the year.

Herald staff and wire reports

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