Finance News

Tim Cook

Apple's Tim Cook Is a Steal at $65 Million in Pay

Apple Inc.'s Tim Cook has the best pay-for-performance rating of any chief executive officer on the Bloomberg Pay Index, the first daily ranking of the highest-paid U.S. executives.

Firm Financials

How to Help Small Banks

By Bloomberg News |

Legislators say they want to clear an obstacle to U.S. prosperity: burdensome regulation of the community banks on which much of small-town America relies. It's a worthy goal, but Congress isn't pursuing it the right way.

The Westin Hotel

Starwood Hotels Giving Activists Reason to Check in

Starwood owns high-end hotel chains such as W and Westin, but analysts say it would benefit from some lower-cost hotel brands to keep up with rivals.

Gaming & Leisure Said to Raise Bid for Pinnacle's Casinos

Gaming & Leisure Properties Inc. increased its bid for the casinos owned by Pinnacle Entertainment Inc., with a new offer worth $40 a share, according to a person with knowledge of the plan.

Glenn Straub, developer and owner of the Palm Beach Polo and Country Club

Revel Generators Ordered to Be Replaced By Cleaner Ones

Wellington developer Glenn Straub has been told by New Jersey his three portable generator trucks for the former Revel casino probably violate federal Clean Air Act standards.

How Much Americans Really Pay in Taxes to Uncle Sam? Hint, Income Tax Isn't All of It.

Some $1.4 trillion in individual income taxes are due to the IRS on April 15. But for many Americans, that's only the half of it. A new report from the U.S. Congress's Joint Committee on Taxation shows that looking only at income taxes misses most of what we pay to the federal government each year.

CSX Profit Rises 11 Percent By Controlling Costs

CSX Corp.'s first-quarter profit grew 11 percent as it benefited from lower fuel costs, and the Jacksonville-based railroad announced plans to repurchase $2 billion of stock.

Barack Obama

Obama Flubbed Response to China Infrastructure Bank, Former Treasury Secretary Says

The Obama administration miscued in its response to China's creation of an Asian development bank and should have played a bigger role, former U.S. Treasury Secretary Henry Paulson said.

Here Is Why Your Rent Will Probably Rise Again This Year

Living in an apartment? Expect your rent to go up again.

What's in a Hotel Name and What Do They Mean? Guests Try to Decipher the Mystery

Today's traveler faces a bewildering choice of hotel brands with similar-sounding and confusing names. Want to stay at a Hyatt? Take your pick. There's Hyatt Regency, Park Hyatt, Grand Hyatt, Hyatt House, Hyatt Place and, coming soon, Hyatt Centric.

Real Estate Players Digging Deep, Donate to Sarnoff, Regalado Campaigns

By Eleazar David Melendez |

Miami real estate executives are make political contributions to campaigns by Teresa Sarnoff and Raquel Regalado.

Spotify Said to Seek Financing to Value Music Site at $8 Billion

Spotify Ltd. is in the process of raising new financing that would value the largest subscription music-streaming service at about $8 billion, according to people familiar with the matter.

Uber iPhone app.

Florida Senate Seeks Tougher Ride-Share Insurance Requirements

By News Service of Florida |

The Senate and House are on different paths as they consider setting auto-insurance requirements for technology-based ride-share services such as Uber and Lyft.

Corporate Deals Appetite Hits 5-Year High

The current wave of corporate takeovers and mergers is set to grow, with the appetite for deals among executives hitting a five-year high thanks to a strong dollar and low oil prices, a global survey found.

Dollar's Rise Reshuffles Global Economy Into Winners and Losers

The rising U.S. dollar is redistributing growth throughout the global economy.