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Friday's Afternoon Update
What you need to know about Florida today
U.S. economy grew at fastest pace since 2011
The US economy grew more strongly than previously estimated in the second quarter, clocking the fastest pace since late 2011, the Commerce Department reported today. Gross domestic product surged at annual rate of 4.6 per cent, the department said, revising the previous 4.2 per cent estimate. More at the AP, the Economic Times, and Bloomberg News.
Lawmakers seeking tougher regulation of Florida utilities
Concern about Florida's utilities has grown in recent years as the power companies have increasingly worked to hold their monopoly control and with a series of missteps by the state's second largest investor owned utility, Duke Energy Florida. More at the Tampa Bay Times.
GE announces plant move to Jacksonville
Mayor Alvin Brown and Gov. Rick Scott are among the city and state officials who announced that General Electric will be building a plant for its Oil and Gas division to Jacksonville. More at the Florida Times-Union.
Why the term “APR” matters to you and your business
When you see the letters “MBA” after a person’s name, this announces to the world that he or she holds a master’s degree in business administration. But have you seen the letters “APR” after the names of certain people and wondered what they stood for and what these people do for a living? More at the Gainesville Business Report.
Gas prices may be heading below $3 a gallon soon
Gas prices typically decline in autumn, and this year they are being pulled even lower by falling global oil prices. By the end of the year, up to 30 states could have an average gasoline price of less than $3 a gallon. More at the AP.
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