Apple’s shares swallow biggest loss in four years

NEW YORK/SAN FRANCISCO (Reuters) – Apple Inc shares tumbled more than 6 percent on Wednesday, chalking up their biggest single-day loss in four years as fears grow about intensifying competition in the mobile device market.

Investors and analysts blamed the sell-off on a mix of factors, including a forecast by an influential research firm that the iPad maker is continuing to cede ground to rival Google Inc’s Android gadgets, and unconfirmed reports that at least one major stock-clearing house was raising margin requirements on Apple stock trades.

Analysts also cited fears about a hike in the capital gains tax in 2013 in the event that ongoing Washington fiscal negotiations fail, as well as news that Nokia had beat Apple to the punch by striking a deal to sell its flagship Lumia through China Mobile, that country’s largest wireless carrier.

Wednesday’s drop rounded off a bleak 10 weeks for the most valuable U.S. company.

The stock was one of the day’s biggest percentage losers on the S&P 500, shedding $ 35 billion of market value as more than 37 million shares changed hands — blowing past the company’s average daily volume over 50 days of 21 million.

Apple‘s shares, once among the most desirable of portfolio holdings, have headed steadily lower since September on growing uncertainty about the company’s ability to fend off unprecedented competition. This year saw a surge in sales of Amazon.com Inc’s cheaper Kindle Fire and Microsoft Corp’s first foray into the tablet market with its Surface.

Meanwhile, Samsung Electronics continues to chip away at the iPad‘s dominance with its Galaxy line.

The assault on Apple‘s consumer-electronics home turf presents a stiff challenge for CEO Tim Cook, who was elevated shortly before the death of Silicon Valley legend Steve Jobs and is now charged with keeping the world’s largest technology company humming.

“This is not going to be a short-term trend. This is a management test, of how well they can perform without Steve Jobs,” said Brian Battle, director of trading at Performance Trust Capital Partners in Chicago. Referring to Apple‘s new iPad mini, which is only a smaller version of the existing iPad, Battle said the company needs “another home run” for shares to return to levels around $ 700.

“They need another new product that hits it out of the park. Without that, they could get a gradual grind-down in confidence,” he said.

On Wednesday, research firm International Data Corp said Apple most likely shed market share in the tablet computer space in 2012. Its worldwide tablet market share will slip to 53.8 percent in 2012 from 56.3 percent in 2011, while Android products would increase their share to 42.7 percent from 39.8 percent, IDC said.

Concerns that tax rates on dividends and capital gains may rise next year were also cited as contributing to the Apple sell-off.

The stock’s massive market value meant Apple was almost single-handedly responsible for Wednesday’s 1.1 percent decline in the Nasdaq 100 Index.

Apple is still up 33 percent this year, but is down nearly 24 percent from its record high of $ 705.07, hit on September 21. The stock slid more than 6.4 percent on Wednesday to close at $ 538.7923.

BEFUDDLING SLIDE

Some analysts were perplexed at the fall from favor in Apple stock, which has been a staple in almost all growth portfolios. The company is expected to deliver reliably high revenue and earnings expansion for years to come, and one in two tablets sold globally remains an iPad.

It is now gearing up for the introduction of its latest iPhone 5 and iPad mini in international markets. It will begin selling the iPhone 5 in 50 countries in December, including China and South Korea.

“Apple stock is significantly more volatile than its earnings and innovation stream,” said Daniel Ernst, analyst with Hudson Square Research. “And yet the wind blows slightly from the south instead of the east one particular morning, and the stock is down 6 percent.”

“It makes no sense. There are lines around the block for their products all around the world,” he added. “No other company has that.”

Separately, Nokia said it will partner with China Mobile, in a sales deal that will give the Finnish company an opportunity to win back Chinese market share from Apple‘s iPhone.

But some analysts continue to believe the dominant carrier in the world’s largest cellular market will eventually embrace the iPhone as well.

“China Mobile already carries multiple smartphones from multiple vendors. We continue to expect China Mobile to add the iPhone in the back half of 2013,” Piper Jaffray’s Gene Munster wrote in a research note.

While lines for the latest iPad model appeared lighter than usual when it hit stores in November, Apple said at the time that demand was so strong that it “practically sold out of iPad minis.” It sold 3 million of the new iPads — including the full-sized version — in the first three days on the market.

Some analysts suggested that investors also sold shares of Apple amid uncertainty over ongoing fiscal negotiations in Washington. If no agreement is reached on the issue, higher tax rates on dividends and capital gains are possible in 2013.

Investors who had hoped for a special dividend this year, as many other corporations have announced on expectations of higher tax rates next year, may be disappointed as time is running out.

“If you were expecting a special dividend by year end, that’s less likely to happen because its December 5,” said Colin Gillis, an analyst with BGC Partners.

The fear of higher taxes on capital gains also has prompted some investors to lock in profits now, particularly on a stock like Apple, which has posted gains of at least 25 percent for four consecutive years.

“Depending on what happens with the (U.S. fiscal negotiations), rates could rise next year or they could stay the same,” said Battle, of Performance Trust Capital. “They will not be lower, so if you’re an investor who has seen gains in Apple, it is better to take those gains this year rather than next.”

Tax selling “can take a life of its own,” said Tim Ghriskey, chief investment officer of Solaris Group in Bedford Hills, New York.

“Some taxable investors take the gains, that creates some negative momentum, institutional investors are heavily weighted the stock and reduce exposure.”

Some market participants also cited reports by media including CNBC, which Reuters could not confirm, that margin requirements on the trading of Apple stock had been raised by at least one clearing firm.

(Additional reporting by Charles Mikolajczak in New York and Doris Frankel in Chicago; Editing by Bernadette Baum, Andrew Hay, Leslie Adler and Ken Wills)

Gadgets News Headlines – Yahoo! News

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Dancing with the Stars Partners Reunite on Big Screen

Dancing with the Stars pro Karina Smirnoff is joining her Season 12 partner Ralph Macchio in a new movie, Us Weekly reports.

RELATED: Ralph Macchio Gets 'Happily Divorced'

According to the news source, the 34-year-old dancer plays a woman who becomes the object of a 10-year-old boy's fascination when he sees her dancing in a neighboring house.

"It is a dream come true to have this opportunity in working with Ralph again," she says of her former dance partner who writes and directs the film. "He wrote such an inspiring script, and I'm grateful to be a part of it. The story is sweet but profound, and my character is very compelling. I'm loving the process!"

This is Smirnoff's first movie role but she gave her acting qualifications, saying, "I feel like I've always acted within a dance ... Now I get to just act, and I'm extremely excited for the opportunity."

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Innovate MIA puts spotlight on startup community

If you think the next week is all about art, you may be surprised to learn there are also six entrepreneurship events vying for your time.

And that is all by design.

In much the way that Art Basel helped put Miami’s arts community on the international map, organizers of the first Innovate MIA hope their weeklong grouping of events will shine a light on the city’s growing tech startup community and its position as the gateway to Latin America.

Many of the events — ending with Florida International University’s Americas Venture Capital Conference — are after Art Basel. That’s also why the third annual AVCC was moved to Dec. 13-14 from its previous mid-November dates.

“Our message is come for Art Basel, and stay for AVCC,” said Juan Pablo Cappello, a lawyer, entrepreneur and investor who is on the steering committee of the venture capital conference and several other Innovate MIA events. And all week, there will be plenty of opportunities for Miami’s entrepreneurs, creatives and investors to mingle with their counterparts from all over the Americas and beyond.

In addition to the AVCC, there’s Incubate Miami’s DemoDay, where its class of startups present their companies, the martial arts-inspired TekFight and HackDay, which dangles a $50,000 cash prize. Endeavor, the global nonprofit that promotes high-impact entrepreneurship in emerging economies, is bringing its two-day International Selection Panel to Miami, and Wayra, an international accelerator, is holding a one-day event to showcase its promising startups from Latin America and Spain. It’s all part of Innovate MIA week: “I don’t think anything like it has ever been organized here in South Florida,” Cappello said.

The AVCC will be the big draw, with about 300 people expected to attend the two-day event at the JW Marriott Brickell. The conference, themed “Data, Design & Dollars,” will feature thought leaders from all over the world, particularly Latin America, and presentations by 29 selected companies. This year, the format has been overhauled and energized, with lots of short talks and more time for question-and-answer sessions and networking, said Jerry Haar, associate dean of FIU’s College of Business, director of the Pino Global Entrepreneurship Center and AVCC co-chair.

The AVCC’s 36 speakers include Martin Varsavsky, Argentine tech entrepreneur, investor and founder of Viatel, Ya.com, Jazztel and FON; Hernan J. Kazah, co-founder and managing partner at Kaszek Ventures and co-founder of Mercadolibre; and Jason L. Baptiste, CEO and co-founder of Onswipe. There’s also Michael Jackson, former COO of Skype and now a venture capitalist; Albert Santalo, founder and CEO of Miami-based CareCloud; and Bedy Yang of 500 Startups.

Chosen from more than 100 applicants, the 29 presenting companies hailing from all over the Americas will be giving either two-minute or five-minute pitches, fielding questions from a panel of judges and competing for prize packages valued at about $50,000. Eight of the startups are from South Florida: itMD, Kairos, Trapezoid Digital Security, Esenem, LiveNinja, OnTrade, Rokk3r Labs and Zavee.

The presenting companies have “proven innovation, proven management teams and the ability to scale well and be a pan-regional player,” said Faquiry Diaz Cala, president of Tres Mares Group and co-chair of AVCC. “The word is out this is a great place to come and pitch to great investors in addition to potentially being one of the prize winners.”

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Fiend watched his victim die: Homeless man arrested in Times Square subway murder

A homeless drifter last night confessed to tossing a Queens father onto a Times Square subway track, where he was fatally crushed by a Q train, law-enforcement sources told The Post.

Naeem Davis, 30 was being grilled in the grisly death of Ki Suk Han, 58, who was struck in front of horrified onlookers Monday after trying desperately to scramble back to the platform.

Davis told police that he “stayed and watched” as the train hit Han, a law-enforcement source said.

“He said he heard his torso snap and he knew he was dead.”

Davis showed no remorse for causing Han’s death, another source said.

FiOS 1 News

COLLARED: Naeem Davis is in police custody yesterday after he was arrested in the gruesome murder of a straphanger he allegedly shoved onto the tracks Monday.

Davis — who has worked at the Pax eatery in Times Square and gets paid to help street vendors haul their tables to local garages — was picked up at about 1:30 p.m. yesterday near 50th Street and Seventh Avenue after a transit police captain on a coffee break recognized him.

The suspect, who has eight prior arrests in the city and a lengthy rap sheet in Pennsylvania, told cops he and Han “bumped into each and started arguing before getting to the turnstiles” and then “continued the confrontation” on the platform, sources said.

“He said the victim was harassing him and that he pushed him onto the tracks,” a source said.

“I begged him to leave me alone, and he wouldn’t,” Davis allegedly told police. “He wouldn’t stay away, and I pushed him.”

Davis is expected to be put through multiple lineups today at the Midtown North Precinct station house, sources said.

Han, a Korean immigrant who lived with his wife and teenage daughter in Elmhurst, had been headed to pick up a Korean passport when he crossed paths with his killer.

His distraught wife, who yesterday was making funeral plans, said she and her husband had argued the day he died and that her husband was “drunk” and angry when he headed into Manhattan.

Afterward, authorities found a bottle of vodka on Han, a former Laundromat worker who was unemployed at the time of his death.

Witnesses said that, as the victim and his killer argued, straphangers inched away.

Then, just as a loudspeaker announced the incoming train, Han was “launched” onto the tracks, a witness said.

The suspect last night told police he saw flashes as the scene unfolded, and people on the platform screamed at Han and tried to get the train operator’s attention. “He said people were yelling at [Han] to lie down in the tracks to avoid the train,” a source said.

The flashes were a warning to the motorman from Post freelance photographer R. Umar Abbasi, who was waiting on the platform when he saw Han go “flying.”

Abbasi was hoping that the motorman would see the flashes and stop.

Davis most recently lived in Queens, according to public records, but neighbors said he moved about six months ago.

Records show he has five sealed arrests since 2010 and a March arrest for selling T-shirts on the street.

He has two open arrests, one in October for sleeping on a park bench and one in September for smoking pot in public.

Davis was due in court today on the park-bench charge, records show.

In Pennsylvania, he has been busted for burglary, receiving stolen property and theft from a vehicle, records show.

While cops hunted for him Monday night, the suspect stashed the clothes he was wearing and spent the night in a van, according to a source.

Davis also shaved off his dreadlocks in an apparent bid to change his appearance.

“He always wears a hat, but today he had no hat on. I saw his head for the first time. His hair was short, almost shaved,” said a worker at a video store on 50th Street who saw detectives take Davis into custody.

“He would walk down the street talking to himself. He was always alone.”

The suspect is well-known to vendors.

“He’s homeless,” said hot-dog seller Esran Shanbi. “He sleeps in a chair or milk crate or on cardboard on 49th Street. I’ve seen him around for years. He looks shifty; he looks sick. But I’ve never seen him in a fight.

“Sometimes, he wants a free hot dog or soda, so I give it to him. He makes about $20 to $40 a day.”

Davis helps vendors wheel their tables to a garage on 48th Street, getting $5 to $10 per job. “I saw his picture today and I said, ‘This guy? I know this guy.’ To me, he was always very nice,” said vendor Mama Sarr, 38.

“He always seemed straight. I never saw him fight or act dangerous.”

Additional reporting by Kirstan Conley and Laurel Babcock

larry.celona@nypost.com

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On shared stage, Sen. Marco Rubio and U.S. Rep. Paul Ryan take steps toward 2016

WASHINGTON --
Just days after he was sworn in, Sen. Marco Rubio was trying to knock down speculation.

"This is the one job that I wanted. I wanted to be a U.S. senator, not a vice presidential candidate, not a presidential candidate," he told a radio interviewer in January 2011. "I didn’t run to use it as a stepping-stone."

But Tuesday night at the Mayflower Renaissance Hotel, Rubio took another step in reaching for the next thing.

Encircled by the buzz over a potential run for president in 2016, the Florida Republican delivered a speech on ways to lift the middle class, calling it "the answer to the most pressing challenges we face" as he tried to project a fresh outlook for a GOP still reeling from last month’s election.

Rubio shared the stage, and a similar message, with another GOP hotshot and likely presidential candidate, U.S. Rep. Paul Ryan. The ambitious, young politicians — Rubio, 41, Ryan, 42 — competed for the spotlight under the watch of several hundred guests, more than two dozen reporters and viewers of C-SPAN.

Rubio is more polished and charismatic, using the emotional power of his immigrant parents’ tale to drive his message. But Ryan, of Wisconsin, is beloved among conservatives and was equally well received.

The positioning was acknowledged only through a joke.

"You’re joining an elite group of past recipients — so far, it’s just me and you," Ryan said to Rubio, who was given a leadership award by the Jack Kemp Foundation at the group’s banquet Tuesday at the Mayflower. "I’ll see you at the reunion dinner — table for two. Know any good diners in Iowa or New Hampshire?’’

Rubio, who traveled to Iowa on Nov. 17, later joked, "I will not stand by and watch the people of South Carolina ignored."

For Rubio, who arrived in Washington by defeating a sitting governor knocked as a relentless office climber, his continued national emergence is a delicate balance of managing his vow to focus on the Senate with his political drive. He played down talk of becoming Mitt Romney’s running mate, a job that went to Ryan, but with the GOP left without a clear leader and searching for direction, Rubio won’t close doors.

Romney’s loss and other election disappointments have left the party searching for a new direction, and Rubio’s and Ryan’s speeches reflected their efforts to appeal to a broader group of voters. Both made an effort to distance themselves from the impression Romney left that half the country is hopelessly dependent on government — the infamous "47 percent" comments delivered at a private fundraiser in Boca Raton.

They pulled back on partisan rhetoric and tried to project a more hopeful and inclusive vision with a heavy focus on middle-class families.

"Some say that our problem is that the American people have changed," said Rubio, born in Miami to Cuban immigrants who worked blue-collar jobs. "That too many people want things from government. But I am still convinced that the overwhelming majority of our people just want what my parents had — a chance."

Ryan, in his first speech since the election, said: "We’ve got to set aside partisan considerations in favor of one overriding concern: How can we work together to repair the economy? How can we provide real security and upward mobility for all Americans — especially those in need?"

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Amazon launches Kindle content service for kids

NEW YORK (AP) — Amazon is launching a subscription service for children’s games, videos and books aimed at getting more kids to use its Kindle Fire tablet devices.

Amazon.com Inc. plans to announce Wednesday that the Kindle FreeTime Unlimited service will be available in the next few weeks as part of an automatic software update.

Amazon said subscribers will have access to “thousands” of pieces of content, though the company did not give a specific number. Kids will be able to watch, play and read any of the content available to them as many times as they want. Parents can set time limits, however.

The service, aimed at kids aged 3 to 8, will cost $ 4.99 per month for one child. It’ll cost $ 2.99 per child for members of Amazon Prime, the company’s premium shipping service. Amazon Prime costs $ 79 per year for free shipping of merchandise purchased in the company’s online store.

Family plans for up to six kids will cost $ 9.99 per month and $ 6.99 for Prime members.

The Kindle already allows for parental controls through its FreeTime service. Parents can set up profiles for up to six children and add time limits to control how long kids can spend reading, watching videos or using the Kindle altogether. With the content subscription service, kids can browse age-appropriate videos, games and books and pick what they want to see. They won’t be shown ads and will be prevented from accessing the Web or social media. Kids also won’t be able to make payments within applications.

Amazon is launching the service as competition heats up in the tablet market among Apple, Barnes & Noble, Microsoft and Samsung. Amazon’s strategy is to offer the Kindle at a relatively low price and make money selling the content.

Offering a subscription service aimed at kids helps set the Kindle apart from its many competitors.

“We hope that our devices are really, really attractive for families,” said Peter Larsen, vice president of Amazon’s Kindle business.

Gadgets News Headlines – Yahoo! News

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Adorable Tots: Celebs and their Cute Kids!

Mariah Carey & Nick Cannon

"Monroe's in paradise," posted Mariah Carey along with an adorable snap of her daughter lounging in a room full of Hello Kitty toys as her twin brother Moroccan looks on.

"Roc doesn't share the fascination lol," she remarked.

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iPad’sdominance limits apps for other tablets

Q. When are companies going to start writing applications for tablet computers other than the iPad? I own a Pandigital tablet, and when I try to download apps, I’m told they’re either for the iPad or iPhone.

LeRoy Hilton,

Oro Valley, Ariz.

You can expect more apps for non-Apple tablet computers when those devices gain more market share. How soon, or if, that will happen is anyone’s guess.

People who write apps are motivated by the revenue they’re likely to get. They can maximize that revenue by focusing on the tablet computer that is owned by the largest number of people.

Right now, the best opportunity for app writers is the iPad, which in the first three months of 2012 accounted for 68 percent of the 17.4 million tablet computers sold worldwide, according to market research firm IDC. The iPad’s chief competitors, in order of market share, are tablets made by Samsung, Amazon, Lenovo and Barnes & Noble. Pandigital is further down the list.Q. I recently bought a Kindle Fire tablet computer, and I’m disappointed that it cannot be read in the sunshine as other Kindle devices can. Is there anything I can do to make the screen more readable outdoors, such as buying an anti-glare screen protector?

Mary Jo Ready,

Shoreview, Minn.

An anti-glare protector won’t help. The issue is that your Kindle Fire’s LCD, or liquid crystal display, screen is lit from inside, but isn’t bright enough to compete with sunlight. Your only outdoor options are to raise the screen brightness and find some shade. A video that explains how to adjust screen brightness can be found on Amazon’s help pages, at http://www.tinyurl.com/7289vlo. Q. My Windows task bar was always at the bottom of my screen, but the other day it went to the top for some reason. How can I get it back to the bottom of the screen?

Kathleen Gignac,

Bartow, Fla.

The task bar can be dragged to a new location using your mouse. Left-click a blank space on the task bar and, while holding down the mouse button, drag the bar to the bottom of the screen.

You can skip this manual process if you are using Windows XP or Windows Vista. Just go to http://www.tinyurl.com/c7qwp8 and click the automatic “fix it” button. That will return the task bar to its default position at the bottom of the screen.

If you have problems with either of these techniques, the task bar may have become “locked” in its current position. There are directions on the same Web page that explain how to “unlock” the tool bar’s location so it can be moved.

Contact Steve Alexander at Tech Q&A, 425 Portland Ave. S., Minneapolis, Minn. 55488-0002; e-mail steve.j.alexander@gmail.com.

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News Corp. is to split into publishing, entertainment arms & close The Daily

News Corp. named Wall Street Journal Managing Editor Robert Thomson as CEO of its soon-to-be spun-off publishing entity.

News Corp., which will split into two publicly traded companies — the other will be entertainment-focused — also announced the publishing company will retain the News Corp. name and that Rupert Murdoch would serve as its chairman.

The entertainment company will be named Fox Group.

Murdoch will be CEO and chairman of Fox Group. Chase Carey will serve as COO and president.

“The challenges we face in the publishing and media industries are great, but the opportunities are greater,” Murdoch said in a statement.

Wall Street Journal, Twitpic

Chairman Rupert Murdoch douses Baker with Champagne in celebration, while Thomson cheers him on.

The assets of the new News Corp. will include the Journal, Times of London and The Post.

“Under Robert’s leadership at News Corp., we will build on our traditional mission to inform, entertain and enhance the lives of readers and viewers around the world, and relentlessly drive global growth by promoting excellence and investing in our businesses,” Murdoch also stated.

The split is expected to take place on July 1.

Thomson, who joined the company from his post as US editor of the Financial Times, will work closely with Murdoch.

Thomson is set to step into the wider role on Jan. 1.

Also joining the newly configured News Corp. is former MGM Studios executive Bedi Ajay Singh, who becomes CFO.

In addition:

* Paul Cheesbrough, current News Corp. chief technology officer, will slide across to join the new News Corp. Cheesbrough developed new digital products for the Times of London. Also, Keisha Smith joins from Morgan Stanley to run human resources.

* The company also named Jesse Angelo publisher of The Post. Angelo, a longtime executive editor of the paper, is editor-in-chief of The Daily, the iPad-only publication. The Daily will cease publication on Dec. 15.

Greg Clayman, publisher at The Daily, is being elevated as digital boss across the publishing division.

* Murdoch has asked the current publisher of The Post, Paul Carlucci, to focus on his other role, running News America Marketing, a company that manages newspaper inserts and in-store marketing.

* Gerard Baker has been named managing editor of the Journal and will take over from Thomson.

* Mike Darcey has been named new CEO of News International. He was COO of BSkyB.

“Change always breeds uncertainty, but let me be very clear about one thing that is certain: We aren’t finished achieving what others deem impossible,” Murdoch said in a memo to employees. “Not even close.”

Separately, News Corp.’s UK newspaper division chief, Tom Mockridge, said he was leaving the company.

News Corp. shares, up more than 37 percent this year, dipped 0.5 percent yesterday, to $24.53.

catkinson@nypost.com

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Son of slain Miami Gardens car wash owner: ‘He put his own life before someone else’

When Dameion Peart got the phone call from his uncle, he didn’t believe it. He drove to his father’s Miami Gardens car wash to see for himself. He hoped the news wouldn’t be too bad, or maybe the shooting happened someplace else.

He pulled up, saw flashing lights and police tape, and knew it was true.

His father, Errold Peart, had been trying to protect a customer Sunday afternoon from armed robbers at the car wash he ran at Northwest 191st Street and First Place.

The robbers turned their gun on Peart, killing him.

“He put his own life before someone else,” his son said.

Now, Peart’s family began the unexpected task of planning a memorial. He was five days away from his 60th birthday.

He won’t get to see his daughter, Mishka Peart, 23, graduate from the University of Miami’s medical school.

“It’s just sad,” Dameion Peart said. “It was unnecessary.”

When the community heard of the shooting, they started dropping by the scene. They were the ones who lived nearby, longtime customers and friends, each with their own tale of how his father had helped them through the years.

They talked about the times Peart, 59, didn’t charge for carwashes to people short on money. They told Dameion Peart, 32, how his father would give money to people who needed help paying for water and electricity, never asking for the money back.

They shared stories about people who couldn’t get jobs because they had convictions — until Peart gave them work.

One of the younger employees told him it was Errold Peart who convinced her to go back to school.

“He was a very good, kindhearted person and a good father at the same time,” Dameion Peart said. “The community where his business is located, he really helped them out here.”

Errold Peart hailed from Jamaica, where he played cricket and worked at one point at a school for problem children, his son said. He eventually came to the United States, where he continued to play cricket for the USA national team.

Peart represented the USA in five matches at the 1990 International Cricket Council Trophy in the Netherlands, where the batsman was the team’s leading scorer, ESPN reported. The USA made it through the first round that year before losing in the second, according to ESPN.

At first, Peart worked with an airline, his son said, but later decided to open his own business.

He started the car wash more than a decade ago, his son said. He chose the location because it was near a busy stretch of U.S. 441 and near Florida’s Turnpike, the Palmetto Expressway and Interstate 95.

“It was like a landmark,” Dameion Peart said. “Everyone knew him.”

But Peart worried about safety.

“He didn’t like guns. But every year, around this time, for the past three years he got held up at gunpoint and people tried to rob him,” Dameion Peart said. “The last time they even followed him home.”

So Errold Peart got a concealed weapons permit.

On Sunday afternoon, he noticed a pair of young men trying to rob a customer. Errold Peart went out to try and stop it, his son said, only to be shot himself.

The men ran away, leaving behind the customer and a bleeding Peart.

Miami Gardens Police still were looking for the suspects on Monday.

Anyone with information is asked to call Miami-Dade Crime Stoppers at 305-471-8477.

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