Business briefs: Roskamp buys University Park home

Developer Roskamp buys home in Manatee

UNIVERSITY PARK -- Robert G. Roskamp, a developer of senior living facilities and a philanthropist who started an eponymous Alzheimer's research institute locally, has purchased a home in Manatee County.

According to county property records, Roskamp and his wife, Diane, purchased a home at 8105 Warwick Gardens Lane in University Park for $1.1 million late last week. Roskamp founded the Roskamp Institute in the Whitfield area of Manatee County in 2003.

The couple purchased the home from Barry and Susan Davis. The Davises built the home in 2005 on .37 acres they purchased on Warwick Gardens Lane the previous year for $345,000. The 4,227-square foot home features a pool, four bedrooms and five bathrooms. It is located just north of the Market at University Town Center.

The Roskamps took out an $888,000 mortgage on the home from Florida Community Bank, according to records.

U.S. economy rallies to solid Q3 growth

WASHINGTON -- The U.S. economy powered its way to a respectable growth rate of 3.5 percent from July through September, outpacing most of the developed world and on track to extend the momentum through the end of the year and beyond.

An improving economy prompted the Fed on Wednesday to end its stimulus known as quantitative easing. Launched during the financial crisis in 2008, it was an unprecedented and aggressive effort to revive a dormant economy through buying trillions of dollars in bonds.

Not so sweet: Chocolate prices set to rise

NEW YORK -- That bowl of chocolates for ninjas and ghosts won't cost you more this Halloween. Picking the perfect sweet for your Valentine could.

The cost of ingredients in chocolate bars is rising, and the nation's biggest candy makers have already warned of price hikes next year. It's not just costs that are pushing up prices. A growing sweet tooth around the world means more demand for chocolate.

Gerber accused of false claim on baby formula

WASHINGTON -- Baby-food maker Gerber is being accused by the government of claiming falsely that its Good Start Gentle formula can prevent or reduce allergies in children.

In a complaint filed Thursday in federal court, the Federal Trade Commission alleged the company misled consumers by suggesting its formula was the first to meet government approval for reducing the risk of allergies.

The FTC said it wants Gerber to pull its claim from labels and advertisements and left open the possibility of asking the court to require Gerber to issue refunds for the $20-plus packages sold since 2011.

Gerber Products Co. said it didn't violate the law.

-- Herald staff and wire reports