Finance News

Could a Merger Follow the PayPal-eBay Split?

Carl Icahn, who months ago called on eBay to spin off the lucrative online and mobile payment service, continues to believe the payments field must be consolidated, either by PayPal buying up smaller rivals or by merging with another major player.

Alexander Mijares (Young Alumni Spotlight Award / Artist), Tatiana Cartaya ( Majaries Art / Gallery Manager).

After Hours for Oct. 1: FIU 2014 Hall of Fame Gala

FIU College of Business Honors Alumni Achievement and Community Impact at 2014 Hall of Fame Gala.

Europe Buyers Cross Atlantic in $87B U.S. Deal Spree

European companies are snapping up U.S. targets at the fastest pace since 2008 as they use cheap financing and record cash levels to seek growth outside of the continent.

FANNIE MAE

Shareholders Don't Get Fannie Mae, Freddie Mac Profits

U.S. District Judge Royce Lamberth said the government is allowed to amend bailout agreements to send profits from Fannie Mae and Freddie Mac to the U.S. Treasury.

Seminoles Want to Gamble on Banking, Buying Mackinac Savings

By Adolfo Pesquera |

The Seminole Tribe of Florida Inc. plans to acquire Mackinac Savings Bank of Boynton Beach to enter the Florida banking market.

eBay to Split Off Lucrative PayPal Business

eBay CEO John Donahoe had been adamant that splitting off PayPal was the wrong move for the company. But Tuesday, the company said that making the mobile payment service a separate publicly traded company next year "maximizes strategic focus and flexibility for eBay."

EU Says Ireland Grants Apple Illegal Tax Benefits

Ireland appears to be granting Apple illegal tax rebates that may have to be recouped, the European Union's competition watchdog said Tuesday as it pressed on with an inquiry into the iPhone maker's overseas tax practices.

Citigroup CEO Expects Steadier, Lower Returns

Citigroup CEO Michael Corbat said bank investors should expect lower volatility of earnings and steady returns.

For Whistleblowers, Risks Can Pay Off Under SEC Program

By Joseph Mamounas |

On Sept. 22, the U.S. Securities and Exchange Commission announced that it had paid $30 million to a whistleblower living overseas, its largest award ever and more than double the $14 million the SEC paid in 2013.

News Corp. to Buy Owner of Realtor.com for $950M

News Corp., the newspaper publisher controlled by Rupert Murdoch, agreed to buy the owner of Realtor.com for $950 million, expanding its digital real-estate listings to compete with sites such as Zillow.com.

Lawyers Grill Bernanke, Geithner on AIG Bailout

Maurice "Hank" Greenberg said the $182 billion taxpayer bailout that saved AIG during the 2008 financial collapse was a government rip-off.

ATM, Checking Account Overdraft Fees Surge

The average fee for using an out-of-network ATM climbed 5 percent to a new high of $4.35 per transaction, while overdraft fees rose to an average of $32.74.

Shareholders Urge ClubCorp to Pursue REIT Conversion

ClubCorp Holdings Inc., the largest owner of private golf and country clubs in the U.S., is being urged by shareholders Red Alder LLC and ADW Capital Partners LP to convert itself into a real estate investment trust.

U.S. Bank Refunding $48M to Credit Card Customers

U.S. Bank was ordered to repay about 420,000 customers who signed up for credit monitoring products and charged for services they didn't receive.

Economy Grows 4.6%: Best Quarter Since 2011

The U.S. economy expanded in the second quarter at the fastest rate since the last three months of 2011 as companies stepped up investment and households boosted spending.

Settle or Fight? That's the Question for GM Victim's Families

A compensation expert says 21 deaths are eligible for payments from GM due to faulty ignition switches in cars such as the Chevrolet Cobalt.

Anna Werner, a server at Hardy Park Bistro, with a customer favorite dish, the fish taco.

'Countrified' Restaurant Finds Success Off Beaten Path

By Julie Kay |

Hardy Park Bistro has quickly been discovered by the power lunch crowd in Fort Lauderdale, particularly government and courthouse workers.

Traders Grab Options To Protect Against Housing Slump

Investors are growing concerned that the housing recovery may be derailed when the Federal Reserve increases its benchmark rate.