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Tuesday's Daily Pulse
What you need to know about Florida today
Florida's largest bank up for sale
EverBank Financial Corp., the largest bank based in Florida by deposits, is in “advanced negotiations” to sell itself to an undisclosed bidder as U.S. regional lenders seek ways to cope with regulations and low interest rates. The bidder has discussed buying EverBank for $19.50 a share along with payments to holders of preferred stock, the Jacksonville-based lender said in a statement Tuesday. The bank, run by Chief Executive Officer Robert Clements, jumped 13 percent to $17.56 Monday. See the statement from the bank, here. Also read more at Bloomberg and the Florida Times-Union.
See also:
» EverBank misses Street 2Q forecasts
Despite lack of hurricanes, claims abuse driving up Citizens insurance premiums in Florida
Despite a decade of no hurricanes and declining insurance rates in other parts of the state, the tri-county area of Palm Beach, Broward and Miami-Dade is being slammed with rate increases. Last year, the rest of the state saw average rate decreases, whereas most Citizens multiperil policyholders in Miami-Dade County saw rate hikes anywhere between 5 and 10 percent. [Source: R Street]
See also:
» Citizens implements $1.8M estimate review program for Florida water loss claims
Ghost orchid scientists aim to restore rare Florida flowers
Once abundant in the Florida Everglades, experts say fewer than 2,000 ghost orchids are left in the state, where it is considered an endangered plant. Now Mike Kane, a professor of environmental horticulture at the University of Florida, and his graduate students grow ghost orchids from genetically diverse seeds in their northern Florida lab. After the plants have grown for a few years, they take them to a secluded location deep inside the Florida Panther National Wildlife Refuge. [Source: Phys.org]
Gas prices approaching 2004 levels
The average price in Florida declined for the 48th consecutive day on Monday. During that time, prices fell 23 cents in Florida, the longest streak of decline seen at the pump since the period of October 2014 to January 2015. More from the Gainesville Sun, the South Florida Sun-Sentinel, and the Florida Times-Union.
Florida officials say recycling is up in the Sunshine State
Floridians are recycling more according to the state Department of Environmental Protection. DEP officials on Monday released a report that says Florida's overall recycling rate in 2015 was 54 percent. [Source: AP]
› Spirit Airlines bets on Florida
Spirit Airlines has finally announced its first batch of new routes since CEO Bob Fornaro took the helm in January. They all have one thing in common: Florida.
Florida Trend's annual look at the best companies to work for in the state. Lists include:
• Best Large Companies
• Best Midsized Companies
• Best Small Companies
› Gov. Scott's statement on mass shooting at club in Fort Myers
Gov. Rick Scott issued a statement Monday in response to a mass shooting overnight at a club in Fort Myers in which two people were reported dead and at least 16 people injured.
› Orlando's Thrillcorp lands $1.2 billion project, starts hiring
Orlando-based ThrillCorp, which focuses on an Orlando specialty — fun — is set to hire about 30 people in a rapid expansion.
› How to make Miami an elite city? CEOs share their ideas
A comprehensive new report names transportation, housing and income inequality as Miami’s biggest problems. What do local business leaders think is holding Miami back from joining the ranks of the world’s elite cities?
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