Business briefs: A new Fox Channel

Today, News Corp. (NWSA) starts the Fox Business Network. Two years in the making, the channel will challenge General Electric Co.’s (GE) CNBC. Rupert Murdoch has said his channel will aim at “Main Street” rather than Wall Street, while other executives have said CNBC is not friendly enough to business and focuses too much on scandal instead of positive corporate deeds.

CITRUS FORECAST

Florida will rebound from a small citrus crop last season with a 30 percent increase in orange production this year, the federal government forecast. The U.S. Department of Agriculture orange forecast for Florida is 168 million boxes, each of which weighs 90 pounds. Last year, the state hauled just 129 million boxes, its worst season since devastating freezes in the 1980s.

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