Toale Brothers Funeral Homes & Crematory has purchased Ewing Funeral Home in Venice, bringing its total number of locations to four in Bradenton, Sarasota and Venice.
Previous owner George Kalbfleisch will continue to serve as the location's licensed funeral director. Kalbfleisch has known the Toale family since 1964 and said selling to them felt right because they share the same values and a commitment to customer service and community.
Founded by Tom Ewing in 1969, the 6,500-square-foot funeral home includes a chapel and showroom. Toale Brothers is one of Sarasota's oldest continuously running, locally owned businesses. Its predecessor company was founded in 1912 by George L. Thacker, Sarasota's first undertaker, and was purchased by the Toale family in 1948. The business is now under the third generation of Toale family management, with brothers Jason and Jeff Toale serving as president/chief executive officer and vice president, respectively.
New ship on tap for Princess Cruises
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Princess Cruises said Wednesday it will welcome a new ship in 2017.
The cruise line, part of Doral-based Carnival Corp., said it has reached an agreement with Italian ship builder Fincantieri for a new 3,560-passenger vessel. The cost will be about 600 million euros, or more than $802 million at current exchange rates.
Princess, with headquarters in Santa Clarita, Calif., has not said what it will call the new ship or where it will sail. The 143,000-ton vessel will be the third in the Royal Princess class; the first debuted last year and the second, Regal Princess, started sailing in May. Princess has 18 ships in its fleet.
Some features that will be included on the new vessel are a central atrium hub; adult-only sanctuary area with a pool and cabanas; and outdoor movies and balconies on 80 percent of staterooms.
Stocks end mixed after Fed delivers no surprises
NEW YORK -- U.S. stocks closed mixed after the Federal Reserve said the economy was strengthening enough for the central bank to continue cutting its stimulus.
Bond yields rose Wednesday after the government reported the U.S. economy grew at a robust annual rate of 4 percent this spring. Several companies fell after reporting results that disappointed investors. Genworth Financial sank 14 percent and Goodyear fell 8 percent.
The Standard & Poor's 500 index closed with little change at 1,970.
The Dow Jones industrial average lost 31 points, or 0.2 percent, to 16,880. The Nasdaq composite rose 20 points, or 0.5 percent, to 4,462. Utility companies fell the most in the S&P 500 index.
Bond prices fell. The yield on the 10-year Treasury note rose sharply, to 2.56 percent from 2.46 percent.
-- Herald staff and wire reports