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Tuesday's Afternoon Update
What you need to know about Florida today
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
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.
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