Wednesday's Afternoon Update

What you need to know about Florida today

| 4/6/2016

New rules for financial advisers prohibit conflicts of interest

Financial advisers will be required to recommend investments that are in their clients' best interests — and not just the ones that yield the biggest commissions — under long-awaited "fiduciary standard" rules being rolled out by the Obama administration today. The rules aim to end potential conflicts of interest by brokers who advise on individual retirement accounts and to protect consumers from buying unnecessary investment products. The new rules will be phased in starting a year from now. See the fact sheet about the new rules here. More from USA Today, Reuters, and CNBC.

Analysts say Disney likely to consider outsider for CEO

With Tom Staggs leaving, the Walt Disney Co. will likely seek an external candidate for its next chief executive officer, analysts said Tuesday. Disney announced the imminent departure of its No. 2 executive late Monday afternoon. More from the Orlando Sentinel.

Staples asks judge to dismiss FTC case on Office Depot

Staples says the U.S. government failed to show that the company's takeover of Office Depot should be blocked and urged a federal judge to dismiss an antitrust lawsuit seeking to scuttle the deal. More from the South Florida Sun-Sentinel.

Jacksonville tax software company thwarts patent infringement lawsuit

A Jacksonville tax preparation software company has emerged victorious in a lawsuit that claimed it violated another company’s patents for computerized tax preparation. More from the Florida Times-Union.

Medicaid settlement: Florida will work harder to ensure health care for children

In a sweeping agreement Tuesday, pediatricians, pediatric dentists and parents reached a settlement with Florida's Medicaid agencies, ending a 10-year legal battle over adequate care for children enrolled in the joint federal and state health program. More from the Sarasota Herald-Tribune.

Education
Entrepreneur U

Set aside any preconceived notions you may have of the millennial generation and visit any university campus on the Gulf Coast. Entrepreneurship is so cool that colleges can barely keep up with the demand.

» More from the Business Observer.

Economic Yearbook 2016
Southeast Florida

From a new plan for an old city hall in West Palm Beach to new hotels and apartments in Fort Lauderdale, a look at the downtowns of West Palm Beach, Boca Raton and Fort Lauderdale … plus, people to watch and news in Broward, Palm Beach, St. Lucie, Indian River, Martin and Okeechobee counties.