Tuesday's Afternoon Update
What you need to know about Florida today
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
Ocala start-up's future is blowing in the wind
Fast-forward about four years and Huffman's Ocala-based company, His Wind Turbines, sits on the eve of its first big test.
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.
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