March 19, 2024

Tuesday's Afternoon Update

What you need to know about Florida today

| 10/21/2014

Pay raises rarer despite strong hiring

U.S. businesses were much less likely to boost pay in the third quarter than in previous months, even as hiring remained healthy, a sign that wage gains may remain weak in the coming months. More at the AP.


Dania Beach tech firm gets investment from Google, Qualcomm

Magic Leap, a tech firm in Dania Beach, has completed a $542 million round of financing led by Google, with participation from Qualcomm. The proceeds, announced Tuesday, will be used to accelerate product development and commercialize what it describes as its "proprietary mobile wearable system." More at the South Florida Sun-Sentinel and the Silicon Valley Business Journal and Reuters.


Tampa aquarium officials make visit to Cuba

Politics
Jacksonville Mayor Alvin Brown facing political backlash

title
Disenchanted with Jacksonville Mayor Alvin Brown’s handling of his office, businessman Peter Rummell and several of his friends are backing Brown’s Republican opponent this time around.

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Leaders from The Florida Aquarium in Tampa visited Cuba to discuss a possible partnership with the Havana's National Aquarium. Vice President Margo McKnight says the trip and the talks "exceeded her expectations." More at the AP.


Column: What factors help new companies get off the ground

The nature of the term “startup” lends itself to a new beginning, a burst of acceleration. But the keys to traveling in the direction of stability can be hard to pin down. What do leaders of incubators look for to determine the likelihood of a new company’s success? The answers may surprise you. More at the Gainesville Business Report.


TECO Energy sells coal mining assets

TECO Energy Inc. has signed an agreement to sell its coal mining subsidiary, TECO Coal, to Cambrian Coal Corp., in a deal valued at up to $170 million. More at the Tampa Bay Business Journal and World Coal.

Business Florida 2015 -- The Regions
Northeast Florida

everbank It should come as no surprise that A world-class intermodal transportation system made up of multiple seaports, airports, railways and highways has made Northeast Florida a focal point for both international and domestic commerce. Jacksonville boasts six Fortune 1000 firms — more than any other Florida city — and the national or divisional headquarters of more than 80 other companies.

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Tags: Daily Pulse

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