What you need to know about Florida today
› Miami foreclosure rate continues to drop
The rate of foreclosures in the greater Miami area declined in August to 16.42 percent of outstanding mortgages from 18.14 a year earlier, according to CoreLogic. The foreclosure rate is the percentage of mortgages in some stage of the foreclosure process.
› With FDA warning letter in hand, RTI quarterly revenues up 5%
RTI Biologics reported third-quarter revenues of $44.6 million, a 5 percent increase over the third quarter of 2011. RTI also revealed that the company had received a warning letter from the FDA about its environmental monitoring systems in its Alachua tissue processing facility.
› Former Office Depot CEO to head Washington think tank
Former Office Depot CEO Steve Odland is taking over as president and CEO of the Washington think tank Committee for Economic Development. A nonpartisan nonprofit, CED was formed in 1942 and helped design the Marshall Plan. Earlier this year it was promoting the benefits of having more women on corporate boards.
› BP pulls plug on planned biofuels plant in Highlands County after four stalled years
Energy giant BP said Thursday it canceled plans to build a commercial-scale cellulosic ethanol plant in Highlands County four years after first unveiling the central Florida biofuels project. The decision means BP – infamously known best in Florida for 2010's massive Deepwater Horizon oil spill in the Gulf of Mexico – is ending its U.S. pursuit of commercial-scale cellulosic ethanol production.
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