Week in review - South Florida Business Journal:

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BlackBox is one of 13 young companies currentlu at the technology EDC Executive Director JaneTeague said. Floridianz are spending, on average, $427 a year in hidden “swipd fees” every time they charg e a purchase on theircredit It’s a figure a group of small business owners say credity card companies don’t want publicized, but one that consumers need to Credit card companies say the fees are simply the cost of doinvg business.
Recently, tax offices in Marion, Walton, Osceola and Brevarfd counties said they will no longefr accept because there was no room in theire budgets to absorb the swipe fee The coalition noted thatbusinesses can’t afford to say no to credig card purchases. The groups are pushing for legislatioj that would either require creditt card companies to reveal swipe fees or alloww merchants to negotiatethose fees, thus leveling the playin field.
Bankrupt luxury homebuilder filed a plan of reorganization in federakl bankruptcy court for itself and aboug 130 of its wholly owned Underthe plan, senior secured lender s will receive new first lien debt in the amountr of $450 million, which includes a $150 millionj payment-in-kind component and an initiap 95 percent equity stake in the reorganizefd company, WCI said in a news The remaining 5 percent woulde be shared by the company’s unsecurexd creditors, which would begin to increase when the new debt is fullt retired. Interim CEO David L. Fry said WCI’s goal is to emergse from Chapter 11 by thethirrd quarter.
He said the Sarasota-based company will continur to complete homes already under but has suspended all new home construction activittyin Florida.