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Friday's Afternoon Update

Consumer sentiment at highest in five years

Consumer sentiment rose to its highest level in five years in October as Americans were more upbeat about prospects for the economy and their own finances, a survey released on Friday showed. The Thomson Reuters/University of Michigan's final reading on the overall index on consumer sentiment rose to 82.6 from 78.3 in September. It was at its highest level since September 2007 on a final reading basis. [Source: Reuters]



Safariland, which makes body armor and other protective equipment for law enforcement and military customers, is back in the hands of Warren B. Kanders, who paid $124 million to acquire the company from BAE Systems through an affiliate of his investment firm Kanders and Co.

» Safariland

More land being used for citrus

Increased food prices and optimism about the future of the citrus industry are driving up the sale of land once meant for development, with buyers looking to create more citrus groves in Polk, Highlands and Lake counties, a new report has found. [Source: Lakeland Ledger]

Florida’s rich report they are 20% richer

About 50% of Florida’s affluent residents reported a 20% increase in their net worth since 2007 and more optimism about the economy, according to PNC Wealth Management’s Wealth and Values Survey Investors’ Outlook. Read more from the Orlando Business Journal and PNC.

» FRIDAY PREVIEW: Coming next week to FloridaTrend.com:

  • Rick Scott, Midterm: The outsider has had to become more of an insider.
  • Lining Up: Already, at least six candidates are considering running against Rick Scott.
  • Hobbies with a ROI: The IRS has strict rules on claiming losses or profits from hobbies.
  • Deal Making in Investment Banking: James Cassel and Scott Salpeter are two of south Florida’s best-known investment bankers.

» You'll find all these stories first on the Daily and Afternoon Pulse e-mails.

Out of the Box

With only a drop of gas in their car, Cindy Kenny and Toni Damigella were determined to make it to see the Oscar Mayer Wienermobile parked at a Pembroke Pines Wal-Mart on Thursday. “When I saw it I was freaking out,’’ said Damigella, 46, of Pembroke Pines. “I’ve never been inside.” Since 1936, the Wienermobile has been traveling to cities across the nation, spreading the joy of hot dogs.

» Read the full story from the Miami Herald and track the Wienermobile's stops in Florida and elsewhere.