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Wednesday's Afternoon Update
What you need to know about Florida today
Factory activity expands; construction spending tumbles
U.S. manufacturing activity expanded for a third straight month in May, but growth in new orders continued to slow as factories grappled with sluggish overseas demand and weak capital spending in the energy sector. More from Reuters, the AP, and the Wall Street Journal.
Expanded Port Canaveral cruise terminal prepares to reopen
Port Canaveral is in the midst of major upgrades to Cruise Terminals 5 and 10 so those terminals can handle larger ships. That will allow the port to delay building another new terminal, which can easily cost more than $100 million. More from Florida Today.
Golf tournament leaving Trump’s Doral course for Mexico
The annual PGA golf tournament at Doral, a staple of South Florida sports for 54 years, is relocating to Mexico City, the tournament’s outgoing chairman said Wednesday. More from the Miami Herald.
Scott Paint purchased by 'friendly competitor'
Scott Paint Co., one of Southwest Florida's longest-running manufacturing operations, has been sold to an Orlando company in a deal that creates the largest privately owned paint maker in Florida. More from the Sarasota Herald-Tribune.
Bacardi evokes Cuba’s ‘golden age’ in taking Havana Club rum national
Cuba may have won the latest salvo in the trademark battle over who has the right to use the Havana Club rum brand in the United States, but that isn’t keeping Bacardi from rolling out nationwide distribution of the iconic rum brand with a splashy ad campaign that harkens back to the island’s “golden age.” More from the Miami Herald.
Sports Business
NFL moving Pro Bowl to Orlando in 2017
The NFL, ESPN and Walt Disney World have scheduled a news conference for Wednesday at 2:45 p.m. "to make a major announcement." That big news is expected to be that the NFL's all-star game will be played at Camping World Stadium in 2017.
» More from the Orlando Sentinel, the NFL, and the AP.
Higher Ed
Mega-Donations
Across Florida, charitable giving to higher education has surged to record levels, led by seven-, eight- or even nine-figure pledges. Tom Jennings, vice president for university advancement at FSU and president of the FSU Foundation, says a post-recession rebound in stock and real estate prices has left alumni and other key supporters feeling more philanthropic.
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