Finance News

CityPlace Doral rendering

Related Gets $137M Loan for Doral Complex

By Samantha Joseph |

The Related Group secures the loan from Regions Bank to finance the first phase of CityPlace Doral with retail and residential segments.

Normal Banks Are Helping Shadow Banks Grow a Lot

A new report shows that U.S. bank loans to nondepository financial companies have jumped more than 230 percent over the past three years.

Can America's Largest Banks Get Simpler and Less Complex?

The largest U.S. banks, under pressure from regulators to simplify their organizational structures, haven't made much progress paring subsidiaries, a sign they'd still be difficult to close down in a crisis.

A ship floats amongst a sea of spilled oil in the Gulf of Mexico after the BP Deepwater Horizon oil spill disaster.

Gulf States Reach $18.7B Settlement With BP Over Oil Spill

BP and five Gulf states announced a record $18.7 billion settlement that resolves years of legal fighting over the environmental and economic damage done by the energy giant's oil spill in 2010.

US Rails Skid Into Bear Market on Triple Whammy Cargo Slump

U.S. railroads, Wall Street favorites for much of the past decade, are slumping into a bear market amid a three-way squeeze from plunging coal, crude-oil and grain shipments.

Warren Buffett

Who Will Succeed Warren Buffett as CEO of Berkshire Hathaway?

Warren Buffett is 84. Only the Oracle of Omaha and Berkshire's board know who's destined to eventually fill his Brooks running shoes.

Barack Obama.

Boosting Overtime: Obama Calls for Broader Coverage

They're called managers, and they sometimes work grueling schedules at fast-food chains and retail stores. But with no overtime eligibility, their pay may be lower per hour than many workers they supervise.