Finance News

State Land Sale Helps Fund Environmental Purchases

By News Service of Florida |

State staff has recommended Gov. Rick Scott approve the $803,000 sale of two noncontiguous parcels in Hillsborough County.

Fed Holds First Enforcement Meeting Since 2010

Sen. Elizabeth Warren wants to be sure the Federal Reserve board of governors is involved in regulating banks.

Barclays To Update Investors On Bank, Costs

Chief executive officer Antony Jenkins will speak to analysts and investors May 8 about Barclays' strategy.

They Love Their Burritos And Tacos. Chipotle Sales Surge

Mexican food chain Chipotle reported a higher quarterly profit Thursday as more customers flocked to its restaurants for burritos, bowls and tacos.

Morgan Stanley Lone Winner In Fixed-Income Trading

Morgan Stanley posted a jump in first-quarter trading revenue while Goldman Sachs Group Inc.'s dropped, the first such divergence in two years.

He Missed Prison, So He Robbed A Bank In The Hopes Of Getting Back

Walter Unbehaun is a 74-year-old who has spent nearly all of his adult life behind bars

AutoNation

AutoNation FIghts Off Storms For 15% Profit

Fort Lauderdale-based AutoNation said it made $95.1 million, or 78 cents per share, for the quarter, compared with $83 million, or 67 cents per share, a year earlier.

Bank Of America Loses $6 Billion Tied To Mortgage Costs

Brian T. Moynihan, who compared cleaning up Bank of America's mortgage mess to lugging a backpack up a mountain, posted his fourth quarterly loss since he became chief executive officer.

Builders Begin Work On Fewer Homes Than Expected

The pace of U.S. home construction rebounded less than forecast in March, held back by declines in warmer parts of the country.

Foreclosure

Regulators Examine Departures At Mortgage Registry

Mortgage Electronic Registrations Systems Inc., a little-known firm with a key role in U.S. mortgage finance, remains stuck in limbo, wrestling with regulators, lawsuits and the departures of senior employees.

William Salim

William Salim Worked $328M Revenue Refunding Bond Issue

By Adolfo Pesquera |

The Moskowitz Mandell Salim & Simowitz attorney representedd Goldman Sachs, the senior managing underwriter, in a $328 million aviation revenue refunding bond deal for Miami-Dade County.

Coca-Cola's Profit Dips But More Drinks Sold

Coca-Cola's first-quarter profit fell nearly 8 percent as the world's biggest beverage maker faced a stronger dollar and sold less soda.

Janet Yellen: Fed Examining Additional Bank Rules

Federal Reserve Chair Janet Yellen said that the largest U.S. banks might need to hold additional capital to withstand periods of financial stress.

Consumer Prices Rose Just 0.2 Percent In March

Lower U.S. gasoline prices kept consumer inflation in check last month - though in April prices are soaring - helping offset higher costs for food and clothing.

Daniel Murphy

Pro Sports Opening Up To Paternity Leave

More pro athletes are taking time off to be with their families in the delivery room. Yet Major League Baseball remains the only one of the four major professional leagues in North America to have a standardized paternity leave policy.