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S&P upgrades TECO Energy rating, revises outlook
Standard & Poor’s Ratings Services raised its corporate credit ratings on TECO Energy Inc. and two subsidiaries to BBB+ from BBB. The ratings on TECO Energy reflect the company’s ongoing commitment to improve its credit quality by shedding some of its unregulated businesses, restoring its balance sheet and focusing on better financial performance, said a press statement from Standard & Poor’s. S&P also revised its outlook on the ratings to stable from positive. The revised outlook is based on S&P’s forecast that TECO will continue to incrementally improve its financial performance, the statement…

Florida No. 2 in government job growth
Florida posted the second-largest upswing in federal, state and local government jobs, adding 94,700 government jobs in 10 years, according to an On Numbers study of employment data from the U.S. Bureau of Labor Statistics. Texas took the No. 1 spot, adding 286,800…

Dynamic Therapy owner Andres Cespedes pleads guilty to Medicare fraud
Andres Cespedes, owner and vice president of Dynamic Therapy Inc., pleaded guilty for his role in a scheme to defraud Medicare. Cespedes pleaded guilty to one count of conspiracy to commit health care fraud in an appearance before U.S. Magistrate Judge Mark Pizzo at federal court in Tampa, a press statement from the Departments of Justice and Health and Human Services said. According to court documents, Cespedes and his co-conspirators purchased Dynamic, in Lakeland, from its prior owners, and transformed it into a fraudulent…
