BRADENTON -- Delaware-based RW Partners LLC, doing business in Florida as RW Cortez LLC, sold the property at 3710 Cortez Road W. to Bradenton Taco Pooh LLC, also a Delaware-based company, on July 28.
The less than 1-acre property includes a Taco Bell and Pizza Hut with a drive-thru housed in a roughly 2,200-square-foot building.
The restaurant was built in 1995.
Jordan's lawyer: Name worth $480M to Nike
CHICAGO -- Michael Jordan's lawyer has told jurors at a civil trial on the unauthorized use of his name that his identity was worth at least $480 million to sportswear company Nike.
That's the sum the attorney said in opening statements in Chicago federal court on Wednesday that Jordan was paid by Nike from 2000 to 2012 for Jordan's endorsements.
The trial stems from a suit the former Bulls player filed against the now-defunct Dominick's Finer Foods.
The only issue for jurors is how much the grocery-store chain should pay Jordan in damages for invoking his name in a 2009 steak-coupon ad.
Jordan's attorney, Frederick Sperling, said Jordan's identity was worth at least $10 million per use.
Dominick's attorney Steven Mandell said that overvalues the market value of Jordan's name alone.
U.S. budget deficit swells due to July calendar
WASHINGTON -- The U.S. government ran a much higher budget deficit in July than a year ago, but it's still on track for the lowest full-year deficit in eight years.
The Treasury Department said Wednesday that the July deficit totaled $149.2 billion, up from a deficit of $94.6 billion a year earlier.
The deterioration stemmed mainly because Aug. 1 fell on a Saturday.
As a result, the government paid out $42 billion in August benefits in late July.
Through the first 10 months of this budget year, the deficit stood at $465.5 billion, 1.1 percent higher than a year ago.
The outlook for the full year looks more promising.
The Congressional Budget Office estimates that the year-end total will drop to around $425 billion, making it the lowest deficit since 2007.
The expected improvement this year reflects a strengthening economy, with tax revenues rising as more people find jobs and the government pays out less in unemployment benefits.
Last year's deficit dropped to $483.3 billion, down from $679.5 billion in 2013.
For the four years before 2013, the deficit had ballooned to above $1 trillion as a deep recession cut into revenues and expanded spending on programs such as unemployment benefits.
-- Herald staff and wire reports