Florida
Florida Entrepreneur Discusses JetBlue Board Seat as Stake Nears 10%
(Bloomberg) — JetBlue Airways Corp. investor Vladimir Galkin, a Florida entrepreneur, has increased his stake in the carrier to 9.98% and says he’s met with top executives to discuss a possible board seat.
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Galkin has been steadily building up a stake in JetBlue this year, and is now the airline’s third-largest investor, behind BlackRock Inc. and Vanguard Group Inc.
Galkin said in an interview that he met with JetBlue’s Chief Executive Officer Joanna Geraghty and Chief Financial Officer Ursula Hurley earlier this week.
“I have not decided whether I want to become a director,” he said. “Any consideration would, of course, require further discussions with the board and adhering to their nominating process.”
Galkin said he “expressed my interest in monitoring my significant investment as a director at some point” during the discussions. Geraghty didn’t make a commitment “either way,” and encouraged him to speak with the board’s nominating committee as required by the company’s bylaws, Galkin said.
In a statement, JetBlue said it “regularly speaks with shareholders and investors to listen to their views on the company’s strategy and progress.” A spokesman declined to comment on discussions with individual shareholders.
The airline is in the midst of a turnaround effort after federal judges blocked a planned acquisition and a partnership with another carrier, limiting its growth prospects. Geraghty has detailed plans to pull out of some cities and delay $3 billion in new aircraft purchases to help control persistently high costs. The airline will shift its focus back to leisure customers in its original strongholds of New York, New England, Florida and Puerto Rico.
“I was really impressed with Joanna and her team and their progress to date,” said Galkin, who cofounded and owns a majority stake in HUBX, an online global marketplace for wholesale electronics.
Galkin, who cashed in on GameStop Corp. during the meme stock craze, reiterated in the interview that he will hold his JetBlue investment to below 10%. Reaching a 10% stake triggers additional disclosure requirements and would allow him to call for a special shareholder meeting. He would also be considered an insider.
Activist investor Carl Icahn, who took a stake in JetBlue of nearly 10% earlier this year, subsequently secured two board seats.
Galkin has had, and intends to continue to have, discussions with JetBlue executives and board members “regarding the possibility of board representation,” according a regulatory filing Thursday. He may communicate with the board, management or other investors about operational, strategic, financial or governance matters, it said.
Shares of the company rose 1.3% in postmarket trading as of 6:02 p.m. Thursday in New York. The stock is down nearly 3% this year.
–With assistance from Crystal Tse.
(Adds JetBlue comment in sixth paragraph.)
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©2024 Bloomberg L.P.
Florida
Vote: Who is the South Florida High School Basketball Player of the Week? (12/2/2024)
We have looked at schools across the South Florida area and nominated 10 athletes for games played November 25-30, 2024.
We ask you to vote for the South Florida Boys Basketball Player of the Week. Voting will close on Sunday, December 8 at 11:59 p.m. Eastern Time. Here are this week’s nominees: All nominations can be sent to rossvdg14@gmail.com
SBLive voting polls are intended to be a fun way to create fan engagement and express support for your favorite high school athletes and teams. Unless expressly noted, there are no awards for winning the voting. Our primary focus is to highlight the abilities and accomplishments of all the athletes and teams included in our poll. You can vote as often as you wish and are encouraged to share our polls with others. The use of voting bots and other forms of automated voting are not allowed. Individuals will be removed from the poll if any form of automated voting can be verified. – SBLive Sports
The 6-5 senior shooting guard and University of Miami commit finished with 25 points, including the game-winning shot and 5 rebounds in a 55-53 win over Faith Family Academy (Texas) on November 29.
Despite the loss to Santa Fe Catholic, the 6-3 freshman point guard put up a game-high 30 points on November 30. He also recorded 26 points, 10 rebounds, and 5 assists in a loss vs Palmetto on November 29.
Boozer finished one assist shy of a triple-double (24 points, 10 rebounds, and 9 assists) in an 88-54 win over Wheeler (Georgia) at the Holiday Hoopsgiving on November 30.
The 6-5 senior point guard and Duke commit finished with 19 points on 3 made three-pointers in an 88-54 win over Wheeler (Georgia). He also added five assists along the way.
Brooks averaged 18.0 points, 4.5 rebounds, and 3.0 steals per game in two games played for the Biggie.
Jenkins recorded back-to-back double-doubles for the Bulldogs where they picked up wins over Edgewater and Ridge View (South Carolina) at the 2nd Annual Hoop Feast.
Marquez scored a team-high 40 points on 4-of-7 shooting from behind the arc including a 65-foot buzzer-beater to defeat St. Petersburg 93-92 on November 30.
Moss averaged 17.0 points, 3.0 rebounds, and 3.0 assists per game in two games played for the Bears.
Paul recorded a double-double which was his second consecutive to start the season in a commanding win over Ridge View (South Carolina) on November 29.
In three games played this week, Whitby is averaging 17.3 points, 8.0 rebounds, and 3.0 assists per game.
Follow SBLive Florida throughout the 2024 high school basketball season for Live Updates, the most up to date Schedules & Scores and complete coverage from the preseason through the state championships!
Be sure to Bookmark High School on SI for all of the latest high school basketball news.
To get live updates on your phone – as well as follow your favorite teams and top games – you can download the SBLive Sports app: Download iPhone App| Download Android App
Florida
Americans are ‘flocking’ to these Florida suburbs. Here’s what to know
In a recent study, moveBuddha put together a list of the top suburbs that Americans are “flocking” to.
The suburbs included in the ranking didn’t just make the cut because of personal appeal, though; moveBuddha says that these locations were listed thanks to their strong job markets.
“Using search data from the moveBuddha Moving Cost Calculator, we found that among more than 210K move inquiries made so far in 2024, there are 43 suburbs where this aspect of the American dream is alive and well,” the study reads. “In addition to generating more searches from people looking to move in compared to out, these top suburbs also have annual job growth over the August 2024 national average of 1.55%.”
South Carolina took the top two spots on this list with Summerville and Conway, and California came in third with Beverly Hills.
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But Florida managed to take the No. 4 and No. 5 spots with Winter Garden and Davenport, respectively. Meanwhile, Clermont came in at No. 8.
The study shows that these three cities have experienced relatively strong job growth, with Davenport being the highest at 2.7%. However, Winter Garden saw the greatest in-to-out mover ratio.
Florida in general has been a hotspot for migration in recent years, with nearly 1 million more people moving to the Sunshine State in 2023 alone.
While this population bump has helped boost production in the state, the downside is that the cost of living is seeing a similar rise. And the population is only set to grow even more over the coming decade.
But for now, the top suburbs in moveBuddha’s study are as follows:
Rank | City | 2024 In-to-Out Move Ratio | Home Values (Sept. 2024) | Aug. 2023 – 2024 % Job Growth |
---|---|---|---|---|
1 | Summerville, SC | 3.76 | $380,203 | 4.2% |
2 | Conway, SC | 2.56 | $283,668 | 2.1% |
3 | Beverly Hills, CA | 2.54 | $3,511,964 | 1.6% |
4 | Winter Garden, FL | 2.45 | $580,463 | 1.6% |
5 | Davenport, FL | 2.19 | $366,331 | 2.7% |
6 | Cary, NC | 2.00 | $623,359 | 2.4% |
7 | Bluffton, SC | 2.00 | $509,189 | 1.8% |
8 | Clermont, FL | 1.99 | $437,303 | 1.6% |
9 | Wake Forest, NC | 1.97 | $520,909 | 2.4% |
10 | Conroe, TX | 1.94 | $324,720 | 2.4% |
11 | Clayton, NC | 1.90 | $369,829 | 2.4% |
12 | St. Augustine, FL | 1.86 | $452,042 | 1.7% |
13 | Palm Springs, CA | 1.83 | $646,322 | 2.0% |
14 | Zephyrhills, FL | 1.69 | $303,852 | 1.6% |
15 | Fort Mill, SC | 1.67 | $522,685 | 1.8% |
16 | Leesburg, FL | 1.67 | $291,309 | 1.6% |
17 | Mooresville, NC | 1.61 | $472,847 | 1.8% |
18 | Katy, TX | 1.55 | $348,982 | 2.4% |
19 | Rock Hill, SC | 1.55 | $325,945 | 1.8% |
20 | Cypress, TX | 1.50 | $402,023 | 2.4% |
21 | Apex, NC | 1.50 | $611,264 | 2.4% |
22 | Kissimmee, FL | 1.48 | $378,397 | 1.6% |
23 | Meridian, ID | 1.47 | $519,296 | 3.8% |
24 | Milton, FL | 1.43 | $279,487 | 1.7% |
25 | Goodyear, AZ | 1.42 | $479,371 | 2.3% |
26 | Broken Arrow, OK | 1.42 | $275,250 | 2.0% |
27 | Sugar Land, TX | 1.41 | $443,982 | 2.4% |
28 | Mount Pleasant, SC | 1.40 | $837,197 | 4.2% |
29 | Tomball, TX | 1.40 | $355,053 | 2.4% |
30 | Gig Harbor, WA | 1.40 | $798,924 | 1.8% |
31 | Bentonville, AR | 1.37 | $458,251 | 2.9% |
32 | Greer, SC | 1.37 | $339,146 | 2.2% |
33 | Henderson, NV | 1.36 | $485,994 | 3.7% |
34 | Maricopa, AZ | 1.36 | $361,600 | 2.3% |
35 | Wilmington, DE | 1.36 | $309,841 | 2.0% |
36 | Palm Desert, CA | 1.35 | $557,067 | 2.0% |
37 | Edmond, OK | 1.35 | $340,961 | 2.0% |
38 | Orange Park, FL | 1.29 | $322,660 | 1.7% |
39 | Lexington, SC | 1.28 | $297,551 | 2.6% |
40 | Miami Beach, FL | 1.27 | $524,097 | 2.5% |
41 | Surprise, AZ | 1.26 | $432,818 | 2.3% |
42 | Princeton, NJ | 1.25 | $925,296 | 2.4% |
43 | St. Petersburg, FL | 1.25 | $376,876 | 1.6% |
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Florida
Will frozen temps bring any snow to Florida? What to know
As December begins, Florida is expected to continue experiencing freezing temperatures on Sunday and into next week, sparking curiousness over the possibility of snow in the Sunshine State.
The National Weather Service (NWS) has issued a freeze warning for portions of northeast and north-central Florida and will go into effect overnight into Monday morning. The warning comes as a polar cold front is expected to sweep across the state.
The freeze warning extends along the I-10 and I-75 corridors, stretching west of Jacksonville and down to Gainesville. Frost advisories are also in effect on the eastern edges of these areas between 1 a.m. and 9 a.m. Monday.
According to NWS, the temperatures amid the freeze warning could dip as low as 30 degrees as the warning is issued when temperatures are forecasted to go below 32 degrees for a long period of time.
While the cold snap might inspire dreams of a winter wonderland, Floridians shouldn’t expect to see snowflakes. Instead, dry air will dominate, pushing in behind the cold fronts.
“Right now, there’s no opportunity for any snow here through the holiday weekend and into the first week of December,” David Reese, a meteorologist with the NWS in Tallahassee, told USA Today. “Really dry air is pushing in behind the fronts. There will be a little moisture as the front moves through.”
Newsweek has reached out to Reese via a direct message on X, formerly Twitter, and the NWS via email for comment.
The western Panhandle and northeast Florida will experience similar conditions—cold, dry, and clear.
“Our little piece of Florida isn’t expecting snow,” Steve Miller, a meteorologist with NWS Mobile, Alabama, said, per USA Today. “It’ll be pretty dry and breezy, with inland freezes possible Saturday and Sunday.”
While Florida isn’t exactly a winter wonderland, snow has occasionally dusted the state, delighting residents unaccustomed to the frosty phenomenon.
The first documented snowfall in Florida dates back to 1774, according to the Florida Climate Center. And while snow doesn’t fall every year, it’s not as rare as some might assume.
“Since 1886, there have been more than 80 months in which at least a trace of snow has been reported somewhere in the state,” the Climate Center revealed.
Monday night could be the coldest of the season so far, with temperatures dropping to freeze levels in Duval County and potentially hitting the hard freeze benchmark of 28 degrees in some areas, according to Angie Enyedi, an NWS meteorologist in Jacksonville.
“Could possibly have some locations getting to hard freeze criteria of 28 degrees, but it’ll stay dry and clear,” she said, per USA Today.
The NWS Climate Prediction Center has warned of a potential “hard freeze” affecting the Southeast, including northern parts of Florida. The center said this will likely hit early next week. “Please protect susceptible vegetation, and if you are traveling south, bring your jackets!” the center said in an X post.
A hard freeze warning is issued if the temperature is expected to be below 28 degrees for at least three hours. These occur in rural areas in the interior of south Florida about once every 10 years, and less frequently along coastal metropolitan areas.
NWS meteorologists have previously issued freeze warnings or freeze watches across nine Southern states on Thursday amid a cold front that saw temperatures drop below freezing overnight on Thanksgiving.
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