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June 25, 2018

Tuesday's Afternoon Update

What you need to know about Florida today

| 8/26/2014

Home prices show smallest gains in 17 months

U.S. home prices in June showed their smallest annual gains since early 2013, extending a cooling trend in prices that began last fall. The Standard & Poor's/Case-Shiller 20-city home price index, released Tuesday, increased 8.1% in June from 12 months earlier. More from USA Today and the AP.

Gas prices for Labor Day will be lowest since 2010

Gasoline prices this Labor Day weekend are expected to drop to their lowest level since 2010, travel club AAA forecast. Prices are dropping largely because of increased U.S. production of oil. More at the South Florida Sun-Sentinel.

Burger King confirms deal to buy Tim Hortons

Business Profile

Ocala start-up's future is blowing in the wind

wind turbines
The realization hit Fred Huffman as he piloted tour buses carrying big-name musical acts across the country. Wind power.

Fast-forward about four years and Huffman's Ocala-based company, His Wind Turbines, sits on the eve of its first big test.

» More from the Ocala Star-Banner

Burger King Worldwide Inc. agreed to buy Canadian coffee-and-doughnut-chain Tim Hortons Inc. for about $11 billion, confirming plans to move the iconic American brand north of the border under a tax inversion deal. More at the Wall Street Journal

and USA Today.

Orange juice sales at lowest point in ten years

Orange juice may not be a breakfast staple anymore, as retail orange juice sales fell to a record low in the four weeks ended Aug. 2. Demand was down 39% from the same period a decade ago, according to Nielsen’s most recent report published by the Florida Department of Citrus. More at the International Business Times.

Sanborn Studios countersues Sarasota County

Sanborn Studios — the film production company that received a $650,000 financial incentive grant from Sarasota County in 2010 — is countersuing the government, charging that the county “violated its own ethics rules and state ethics codes, disregarded its own audit reports, and deliberately undermined the studio’s business.” More at the Sarasota Herald-Tribune.

Business of the Street
Street vendors organize, take on Miami laws

miami street vendors Miami-Dade’s 3,000 or so street vendors pound pavement while hawking everything from churros and flowers to woven baskets, hand-crafted trinkets and arepas. They also tread a fine line of municipal and county laws, which often place tight restrictions on where and how they can sell their goods.

» More from the Miami Herald

Tags: Daily Pulse

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An overview of the features and articles in this month's issue of Florida Trend.


Florida Trend Video Pick

Lincoln Road keeps growing — and its small businesses keep closing
Lincoln Road keeps growing — and its small businesses keep closing

Over the last five years, a wave of out-of-town investors have paid record-high prices for Lincoln Road properties looking to capitalize on the Beach's international cachet. Increasingly, small businesses unable to keep pace with the skyrocketing rents in the historic Miami Beach shopping district are being forced to decide between relocating or closing.

Earlier Videos | Viewpoints@FloridaTrend

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