Finance News

Area 31 Terrace area overlooks the Miami River in the Epic Hotel

Power Lunch: At Epic's Area 31, It's All About the View

By Eleazar David Melendez |

On the terrace, "the stellar view by itself makes it unique," says Mika Mattingly, a commercial real estate broker who likes to power-lunch with out-of-town clients at Area 31.

Royal Caribbean Revenue Drops as Outlook Disappoints

Revenue dropped to $1.82 billion from $1.85 billion at Miami-based Royal Caribbean. Analysts expected higher revenue of $1.87 billion.

Seminole Hard Rock Gets Foot in NJ Door

New Jersey casino regulators approve a big by the Hollywood-based casino operator to open in Atlantic City or at the Meadowlands.

Who Doubts Yellen's Policies? Ex-Treasure Head Summers for One

Janet Yellen is betting she has the formula for fending off deflationary forces. Investors and some of her fellow economists aren't so sure.

Carnival Explores New Cruise Line for China

Miami's Carnival Corp. signed a memorandum of understanding with China Merchants Group to explore the creation China's first domestic line.

Years After Crisis, Subprimes Are Bank With Different Name

The business of bundling riskier U.S. mortgages into bonds without government backing is gearing up for a comeback. Just don't call it subprime.

Bond Traders Under Florida's Sun Can't Escape Storms in Markets

A thousand miles away from the blizzard in New York City, investors and traders huddled at an exchange-traded fund conference in Florida only to spend all day worrying about a bigger problem: How to make sense of markets that are getting more and more volatile.

St. Joe Gets SEC Wells Notice on Securities Violations

St. Joe Co., a northern Florida real estate developer, received a Wells notice from the U.S. Securities and Exchange Commission indicating the agency will file an action for securities-law violations, according to a regulatory filing.

State Won't Say Which Sports Team Should Get Taxpayer Money

Florida appears ready to approve multimillion-dollar deals to help several of the state's professional sports teams, but state officials now say they will not decide which team deserves the money.

Rothstein Fallout: Ex-TD Bank Exec Accepts Banking Industry Ban

By Julie Kay |

Frank Spinosa, who faces indictment for his role in disbarred lawyer Scott Rothstein's Ponzi scheme, agrees to a lifetime ban from the securities and banking industry in a settlement with the Securities and Exchange Commission.

Fans arrive at Sun Life Stadium for the NFL game between the Miami Dolphins and the Minnesota Vikings.

Agency Backs Pro Staduim Funding Requests

By News Service of Florida |

Florida's economic-development agency gave support to four professional sports facilities that are seeking state sales-tax dollars to help pay for construction projects.

DR Horton Profit Beats Estimates as Home Sales Jumped

D.R. Horton Inc., the largest U.S. homebuilder by revenue, reported fiscal first-quarter earnings that beat estimates as sales jumped. The shares rose as much as 6.1 percent.

Geo Group to Buy LCS Corrections for $312 Million

Boca Raton-based prison operator Geo Group will spend $312 million in cash to buy eight correctional and detention locations from the privately held LCS Corrections Services.