Students react to threat made at Florida Gulf Coast UniversityMissing and endangered boy found in Lehigh Acres
Students react to threat made at Florida Gulf Coast University Students at Florida Gulf Coast University said they don’t know the specifics of a threat made last week, but they do know it was taken care of.
Missing and endangered boy found in Lehigh Acres Authorities have found a missing and endangered boy in Lehigh Acres. Police asked for the public’s help in locating Zachariah McKelvin.
School District denies bus service to student despite mother’s measurements When we think of the bus stop, we typically think of it as a safe place for our children, but one mother says the Lee County School District told her they live too close to the school to get a bus route.
MATLACHA 2 stranded dolphins rescued from mangroves near Matlacha Two stranded dolphins were pulled from mangroves near Matlacha.
CAPE CORAL NAACP honors Cape Coral Police Chief after acknowledging hate crime NAACP President, James Muwakkil, was so impressed with Cape Coral Police Chief Anthony Sizemore that he wanted the entire city to know.
NAPLES Jingled Elves trolley tour underway Breaking out your best dance moves and spreading Christmas cheer. These ‘jingled elves’ are breaking it down with a purpose.
BONITA SPRINGS Bonita Springs Elementary School’s demolition plans There’s a new lesson plan at Bonita Springs Elementary School: Demolition 101. The school is set to be knocked down, and there’s good reason.
MARCO ISLAND Marco Island Councilmember’s dogs allegedly attack 13-year-old girl Councilor Tamara Goehler is coming under fire after her dogs allegedly attacked a 13-year-old girl and the girl’s five-month-old puppy.
PUNTA GORDA Gilchrist Park’s future brightens as boat cleanup commences The boats blocking Gilchrist Park are ready to be moved two years after Hurricane Ian.
Lee County Department of Health issues red tide alert for Bowman’s Beach The Florida Department of Health in Lee County has issued a health alert for the presence of red tide near Bowman’s Beach.
CAPE CORAL City of Cape Coral working on project to address canal safety An older Cape Coral couple drove into a canal last year. Neighbors are now saying something needs to be done about canal safety.
NAPLES Collier County mental health center receives $4 million donation A giant donation is dedicated to providing people with better mental health care in southwest Florida.
LABELLE City of LaBelle under precautionary boil water notice A water main break has the City of Labelle under a precautionary boil water notice.
ESTERO FGCU student wins ice dancing national championship FGCU sophomore Lucas Appel wins his second US Senior Solo Dance National Championship in three years.
Lee County Sheriff’s Office: Parent brings weapon to Lehigh Acres school According to a Lee County Sheriff’s Office report, there is probable cause to believe a woman unintentionally brought a firearm to school.
Students react to threat made at Florida Gulf Coast University Students at Florida Gulf Coast University said they don’t know the specifics of a threat made last week, but they do know it was taken care of.
Missing and endangered boy found in Lehigh Acres Authorities have found a missing and endangered boy in Lehigh Acres. Police asked for the public’s help in locating Zachariah McKelvin.
School District denies bus service to student despite mother’s measurements When we think of the bus stop, we typically think of it as a safe place for our children, but one mother says the Lee County School District told her they live too close to the school to get a bus route.
MATLACHA 2 stranded dolphins rescued from mangroves near Matlacha Two stranded dolphins were pulled from mangroves near Matlacha.
CAPE CORAL NAACP honors Cape Coral Police Chief after acknowledging hate crime NAACP President, James Muwakkil, was so impressed with Cape Coral Police Chief Anthony Sizemore that he wanted the entire city to know.
NAPLES Jingled Elves trolley tour underway Breaking out your best dance moves and spreading Christmas cheer. These ‘jingled elves’ are breaking it down with a purpose.
BONITA SPRINGS Bonita Springs Elementary School’s demolition plans There’s a new lesson plan at Bonita Springs Elementary School: Demolition 101. The school is set to be knocked down, and there’s good reason.
MARCO ISLAND Marco Island Councilmember’s dogs allegedly attack 13-year-old girl Councilor Tamara Goehler is coming under fire after her dogs allegedly attacked a 13-year-old girl and the girl’s five-month-old puppy.
PUNTA GORDA Gilchrist Park’s future brightens as boat cleanup commences The boats blocking Gilchrist Park are ready to be moved two years after Hurricane Ian.
Lee County Department of Health issues red tide alert for Bowman’s Beach The Florida Department of Health in Lee County has issued a health alert for the presence of red tide near Bowman’s Beach.
CAPE CORAL City of Cape Coral working on project to address canal safety An older Cape Coral couple drove into a canal last year. Neighbors are now saying something needs to be done about canal safety.
NAPLES Collier County mental health center receives $4 million donation A giant donation is dedicated to providing people with better mental health care in southwest Florida.
LABELLE City of LaBelle under precautionary boil water notice A water main break has the City of Labelle under a precautionary boil water notice.
ESTERO FGCU student wins ice dancing national championship FGCU sophomore Lucas Appel wins his second US Senior Solo Dance National Championship in three years.
Lee County Sheriff’s Office: Parent brings weapon to Lehigh Acres school According to a Lee County Sheriff’s Office report, there is probable cause to believe a woman unintentionally brought a firearm to school.
MGN NEW YORK (AP) – U.S. stocks recovered much of an early plunge Wednesday, but the price of oil still suffered its worst one-day drop since September. Energy companies were pummeled as the latest fall in the price of oil threatened more damage to an industry that has already been stricken with bankruptcies, layoffs and other cutbacks. U.S. crude fell below $27 a barrel amid a global glut in oil supplies that won’t go away. That’s the lowest price since May 2003 and a far cry from the $100 a barrel it fetched in the summer of 2014. While cheap oil is good for many companies and consumers, investors are worried demand is falling because the global economy is slowing down. Overseas markets also fell. Japan’s Nikkei index entered a bear market, down 20 percent from its peak in June, and European benchmarks lost between 3 and 4 percent. Gold and U.S. government bonds, traditional safe havens, rose in value as investors shifted money out of stocks. KEEPING SCORE: The Dow Jones industrial average lost 169 points, or 1.1 percent, to 15,846 as of 3:24 p.m. Eastern time. It was down as much as 565 points earlier. The Standard & Poor’s 500 index fell 11 points, or 0.6 percent, to 1,869. The Nasdaq composite index rose 22 points, or 0.5 percent, to 4,499. The Dow and S&P 500 are down 9 percent so far in January; the Nasdaq is down 10 percent. OIL DOWN AGAIN: Oil prices had already fallen to 12-year lows this week and U.S. crude dropped $1.91, or 6.7 percent, to $26.55 a barrel in New York. That was the biggest one-day plunge for U.S. oil since Sept. 1. U.S. crude is down 28 percent in 2016. Brent crude, a benchmark for international oils, fell 88 cents, or 3.1 percent, to $27.88 a barrel in London. OIL GLUT: James Liu, global market strategist for JPMorgan Funds, said the global economy remains relatively healthy and demand for oil hasn’t fallen off. But companies are still producing a great deal of oil, so tremendous stockpiles have accumulated. While companies started shutting down drilling rigs and wells in late 2014 after prices started to decline, production of oil didn’t change much. “We’re starting to see production declines basically two years after rig count started to decline,” Liu said. He said production will keep falling and oil prices will stabilize in the middle of 2016, then start rising. ENERGY KEEPS FALLING: Energy stocks were pelted. Devon Energy lost $1.86, or 7.9 percent, to $21.62. Chevron sank $3.03, or 3.7 percent, to $78.48, the biggest loss in the Dow average. Financial stocks were also hit because banks could lose billions on loans to oil and gas companies. Bank of America lost 48 cents, or 3.4 percent, to $13.76. WHEN WILL IT END? Jack Ablin, chief investment officer of BMO Private Bank, said he thinks stocks will fall a bit further still. But he doesn’t expect a global collapse. Ablin said that for years, investors bought stocks without too much regard for risk. He said investors felt that if things ever got too bad, the Federal Reserve would help prop up the market. “Investors were comfortable taking outsize risks, not because they had earnings to fall back on, but because they had the Fed to fall back on,” Ablin said. So stocks made huge gains in the years since the financial crisis while the U.S. economy churned out years of steady but unspectacular growth. BIG BLUES: Commercial tech giant IBM said its revenue fell for the 15th consecutive quarter. Sales fell about $170 million short of Wall Street forecasts. The stock shed $6.66, or 5.2 percent, to $121.45. SPIRIT RISES: Spirit Airlines said its profit margins will be stronger than expected and costs for aircraft rent, maintenance and other items will be smaller. Its shares gained $4.72, or 12.5 percent, to $42.62. The plunge in energy prices has also helped airlines save money on jet fuel. BONDS: U.S. government bond prices rose as traders shifted money into lower-risk investments. The yield on the 10-year Treasury note dropped to 1.99 percent, its lowest level since October, from 2.06 percent a day earlier. That yield, which is a benchmark for setting interest rates on home mortgages and other kinds of loans, has fallen sharply since the beginning of the year. At the end of 2015 it stood at 2.30 percent. METALS: The price of gold rose $17.10, or 1.6 percent, to $1,106.20. While gold is far below its prices from the financial crisis, it’s up 4 percent in 2016. The price of silver added 3.9 cents to $14.16 an ounce, and is up almost 3 percent for the year. Copper slipped 1.8 cents to $1.96 a pound and is down 8 percent for the year. OVERSEAS: Japan’s Nikkei fell 3.7 percent and is down more than 20 percent from its June peak. Hong Kong’s Hang Seng retreated 3.8 percent. The Shanghai Composite Index lost 1 percent. In Europe, Germany’s DAX tumbled 2.8 percent and France’s CAC-40 shed 3.5 percent. Britain’s FTSE 100 sank 3.5 percent. CURRENCIES: The dollar fell to 116.72 yen from 117.44 yen late Tuesday. The euro fell to $1.0895 from $1.0923. MORE ENERGY: Wholesale gasoline dipped to $1.018 a gallon. Heating oil plunged 4.3 cents, or 4.7 percent, to 86.6 cents a gallon. Natural gas rose 2.7 cents, or 1.3 percent, to $2.118 per 1,000 cubic feet.