NAVIGATION

October 21, 2017

Wednesday's Daily Pulse

What you need to know about Florida today

| 1/4/2017

Florida’s biggest companies had a solid year in 2016

UM’s Florida 50 Stock Index, which tracks Florida firms in the S&P Composite 1500 Index, debuted in January and posted a gain of 11.5 percent this year. That means it beat the broader S&P 500 by 1.92 percent and the S&P 1500 by 0.81 percent.[Source: Miami Herald]

See also:
» Florida's Top Public Stocks

Investment firm buys Florida-based Valpak direct mail business

Valpak, one of the nation's largest direct mail companies, has been acquired by a California billionaire who is the owner of the NBA's Detroit Pistons. Tom Gores' global investment firm, Platinum Equity, announced Tuesday that it had acquired the businesses of Cox Target Media (CTM), Valpak's parent company. Valpak, best known for its blue envelopes stuffed with coupons mailed to millions of consumers, operates a $220-million printing facility in St. Petersburg, Florida. Statement from Platinum Equity, is here. Also read more at the Tampa Bay Times.

Florida schools seeking money for construction projects

Across the state, school officials will be competing for money for their construction projects in the upcoming legislative session. Florida Senate President Joe Negron, a Stuart Republican, says investing in higher education is a top priority, although borrowing to pay for capital projects will continue to face scrutiny from Gov. Rick Scott [Source: Orlando Sentinel]

Florida Lottery sets sales record, collecting $6.2 billion during 2016

The Florida Lottery surpassed $6.2 billion in sales during 2016, setting a record and improving on the previous year’s take by more than $411 million. The lottery’s contributions to Florida’s Educational Enhancement Trust Fund will equal $1.6 billion, 7 percent more than the year before. Full news release from the Lottery here.

Florida Republicans blast and defend attempt to gut ethics office

House Republicans, facing a fierce backlash that included President-elect Donald Trump, backed off a plan to diminish the Office of Congressional Ethics. The vote approving the changes was secret but one Florida Republican said today he was always against the move. [Source: Tampa Bay Times]

ALSO AROUND FLORIDA:

› 2016 was officially Sarasota's warmest year yet
The statistics are in and the National Weather Service has spoken: 2016 was the Sarasota-Bradenton area's warmest year yet. The year's average daily temperature, at 75.3, beat last year's record-setting average by 0.1 degrees, according to weather service meteorologist Paul Close.

Spotlight on
Tallahassee and Leon County

A look at the economies, quality of life and demographics of Tallahassee and Leon County. This sponsored report includes key sectors like banking, healthcare, tourism, real estate and education. Plus, a compendium of notable firms and key contacts. Read it in full, here.

› Lawmaker calls for hunting tegu lizards in Everglades
Lawmakers will be asked to fund a pilot program to hunt non-native tegu lizards said to be decimating the Everglades and other ecosystems throughout parts of southern and central Florida.

› After financial setback, $305 million Miami science museum rises
A new science museum in Miami is on target to open in the spring after surviving financial setbacks that threatened to derail the project. Workers are putting finishing touches on the Frost Science Museum along the Biscayne Bay waterfront downtown.

› Medicare reduces payments to 4 low-performing Jacksonville hospitals
The federal government cut payments to four Jacksonville hospitals because they are among the worst-performing hospitals when it comes to patient safety.

Go to page 2 for more stories ...

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New Rolls Royce Phantom debuts in Miami Beach
New Rolls Royce Phantom debuts in Miami Beach

The Rolls Royce Phantom was unveiled at the Setai Hotel on Miami Beach on Thursday, October 19, 2017.

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