Finance News

Office Landlord Plans To Go Public For $2.5B

Paramount Group, a New York-based real estate investment trust, plans a $2.5 billion initial public offering.

Broccoli Rabe and Sausage pizza at Verde restaurant at the Perez Art Museum

Power Lunch: Art Museum's Restaurant Is A Hidden Gem

By Julie Kay |

Verde at the Perez Art Museum hasn't been open a year yet it has almost tripled the expectations of its manager as it attracts the power lunch crowd.

Yup. Your Power Bill Will Go Up. And You Can Thank Florida Supreme Court For That

The Florida Supreme Court upheld a rate increase by the state's largest utility Florida Power & Light Co.

SEC Adopts Rules On Loan-Backed Securities, Conflicts

The U.S. Securities and Exchange Commission adopted new rules for securities linked to mortgages and auto loans on a 5-0 vote.

The ABCs Of Exploring Alternatives To Bankruptcy

By Peter E. Shapiro |

As consumers and businesses continue to steer away from the financial relief of bankruptcy amid high filing costs and low interest rates, consider these strategic alternatives to bankruptcy which may be considered with or without judicial involvement and oversight.

Warren Buffett

Warren Buffett Satisfies 76-Year Quest For Junk Food

Timbit doughnut holes, recently acquired by Burger King, have a cult-like following in Canada, exactly following Warren Buffett's model of investing in popular food companies.

U.S. Bank Liquidity Rule Said To Exclude Municipal Bonds

Municipal bonds will be excluded from the group of easily sellable assets that banks can use to show they're able to survive a credit crunch, according to a person familiar with the rule.

Buffett To Help Finance Burger King Tax-Saving Deal

Warren Buffett's Berkshire Hathaway Inc. is providing financing for Burger King Worldwide's planned takeover of Tim Hortons, the latest deal being backed by a commitment from the billionaire.

Duke Energy Called To Explain Billing Change

By News Service of Florida |

Duke Energy Florida will have to explain to state regulators an ongoing change in its billing process that two state senators say is spiking costs.


BlackRock Favors Long Bonds At Priciest Since 2012

Longest-dated municipal bonds are delivering the best returns in the municipal market as yields approaching five-decade lows lead investors to take on more risk. The gains have driven yields on top-rated 30-year munis to 0.92 percentage point above debt due in 10 years, the smallest gap since December 2012.

FIG Partners Hired To Find Buyer For Miami's Espirito Santo Bank

By Samantha Joseph |

The bank's beleaguered Portugal-based parent hires the adviser to sell its Miami operations.

Yellen At Bankers' Confab: Labor Markets Can't Take Higher Rates

Even as they signaled international monetary policies are set to diverge as economic recoveries increasingly differ, banking officials meeting over the weekend in Jackson Hole, Wyo., placed jobs at the center of their decision making by saying stronger hiring and wages are still needed to drive demand.

Burger King In Talks To Buy Tim Hortons

Burger King is in talks to buy Tim Hortons in hopes of creating a new, publicly traded company with its headquarters in Canada, meaning the Miami-based company could shave its U.S. tax bill.