Wednesday's Afternoon Update
Consumer confidence overrides shaky global economy
Consumer confidence – a key determinant of the economy’s health – improved significantly, reaching a new height this January since August 2007. This implies better prospects for the U.S. economy in spite of overseas turmoil. More from Reuters, Zacks, and Economy Watch.
Oil drilling banned from Florida's east coast
The Obama administration has now decided to not allow any oil drilling off Florida’s coast for at least the next 7 years. But there is a catch. Survey companies will still be allowed to explore for oil off Florida’s east coast. More from Bright House Networks.
Carnival Corp. aims to build ships, develop ports in China
In another move aimed at expanding cruising in China, Carnival Corp. & PLC is exploring two potential joint ventures with a Chinese transportation and real estate development company. More at the South Florida Sun-Sentinel.
UF may end midwifery, 2 other nursing programs
The University of Florida College of Nursing is not accepting admissions to three doctoral programs and may eliminate them. The school will not accept applications for the fall term in the nurse midwifery, adult-gerontology primary care nurse practitioner and neonatal nurse practitioner programs. More at the AP.
American Express says sí to Cuba
American Express is the latest U.S. company to throw its hat into the ring and say it plans to do business in Cuba under new regulations outlined by the Obama administration. More at the Miami Herald.