Category archives for: Business news

January freeze damaged 4 percent of Florida oranges

January freeze damaged 4 percent of Florida oranges

ORLANDO — Florida citrus growers lost more than 4 percent of their orange crop and more than 3 percent of their grapefruit crop during last month’s freezing weather.
A citrus forecast report released Tuesday puts Florida’s orange crop in February at 129 million boxes, down from the estimate of 135 million boxes in January. Each box [...]

Rail bill’s fate in Florida Senate in doubt

Rail bill’s fate in Florida Senate in doubt

TALLAHASSEE (AP) — The fate of legislation that would clear the way for a commuter rail system in central Florida remains in doubt.
Senate floor debate is set for Tuesday afternoon — if the bill can clear two more committees before then.
The measure easily passed in the House on Monday but a few hours later barely [...]

Florida leads nation in foreclosures

Florida leads nation in foreclosures

Florida had the highest foreclosure and mortgage delinquency rate in the nation during the third quarter of 2009, as 18.8 percent of all loans were either 90 days overdue or in foreclosure, the Mortgage Bankers Association reported Thursday.
The National Delinquency Survey found 12.18 percent of all mortgages in Florida were past due and 6.07 percent [...]

Florida employers face a huge jump in unemployment compensation taxes

Florida employers face a huge jump in unemployment compensation taxes

Unemployment compensation taxes paid by Florida businesses will jump dramatically because of the state’s double-digit unemployment, the Associated Press reported.
The minimum tax will jump almost 12-fold, from $8.40 per employee to $100.30 in 2010, state Department of Revenue officials said.
The maximum will go up from $378 per employee to $459. Another factor contributing to the [...]

Florida lawyer linked to extensive Ponzi scheme

Florida lawyer linked to extensive Ponzi scheme

MIAMI (Reuters) – A prominent Florida lawyer whose assets were seized this week by federal agents is believed to have run an elaborate Ponzi scheme that defrauded investors of hundreds of million of dollars, authorities said.
Criminal charges have not yet been filed against 47-year-old Scott Rothstein, whose Fort Lauderdale law firm Rothstein, Rosenfeldt, Adler, PA [...]

Verizon Florida to pay $2M settlement

Verizon Florida to pay $2M settlement

TALLAHASSEE, Nov. 11 (UPI) — Verizon Florida agreed to pay $2 million to settle charges of failure to provide discounts and for prolonged service outages, officials said.
The Florida Public Service Commission charged the telecommunications company with poor upkeep on land lines, the Miami Herald reported Wednesday.
The commission cited the firm with 262 violations in 2007 [...]

Florida unemployment hotline taking calls on Veterans Day

Florida unemployment hotline taking calls on Veterans Day

Florida’s unemployment office is extending its customer service hotline hours because of the new extended benefits — again.
The Florida Agency for Workforce Innovation will staff its toll-free unemployment compensation hotline, 1-800-204-2418, from 6:30 a.m. to 8:30 p.m. on Wednesday, Veterans Day, to handle any surge in calls.
The agency also kept its hotline operating last weekend [...]

Attorney General sues Expedia, Orbitz over lost taxes on hotel rooms

Attorney General sues Expedia, Orbitz over lost taxes on hotel rooms

Bill McCollumFlorida Attorney General Bill McCollum has sued Expedia and Orbitz, the leading Internet travel companies, saying they failed to pay the right amount of taxes on hotel room rentals.
The lawsuit states that while the companies have been collecting these taxes from consumers all along, they have only been giving a portion of the money [...]

Florida utility company to pay $25 million for ‘08 blackout

Florida utility company to pay $25 million for ‘08 blackout

WASHINGTON — A Florida utility has agreed to pay a record $25 million penalty for causing a blackout that left nearly a million customers in the dark in February 2008.
The next-largest penalty ever assessed for violating rules governing the electricity grid, $250,000, was levied in March against another subsidiary of the company that owns the [...]

Florida’s orange crop will shrink this year

Florida’s orange crop will shrink this year

Florida’s orange crop will decrease this year by 14.5 percent making crop levels lower than previous years.
Combined with current inventory, consistent supplies of high-quality Florida orange juice will be available in the U.S. and international markets.
The 2009 crop estimate, released today by the U.S. Department of Agriculture, indicates Florida will produce 136 million boxes of [...]

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