Shares of Florida home insurers, including Heritage Insurance Holdings, tumbled on Tuesday and many extended losses later in the day as Hurricane Irma appeared set to hit Florida on Saturday, causing investors to brace for losses.
Twitter Inc reported its slowest growth in quarterly revenue since going public in 2013 and frustrated investors yet again with a disappointing outlook for the current quarter. The microblogging service operator’s shares fell 10 percent in extended trading with investors concerned about its expansion and role in the social media landscape as it faces intense competition from fast-growing competitors like Snapchat and Instagram. The company’s second quarter revenue missed Wall Street estimates and the revenue forecast for the current quarter…
When Charlie Crist last governed Florida, his green energy and climate policies made him few friends among the state’s powerful electricity corporations. Now, as the Republican-turned Democrat bids to return to the governor’s mansion, it may be payback time. Florida’s three largest utilities have poured money into the re-election campaign of Republican incumbent Governor Rick Scott in an expensive and closely watched political battle for the nation’s largest swing state. The election spending is notable in a tight race where…