Finance News

Power Lunch: Fork & Balls Rolls On To Restaurant Scene

By Julie Kay |

Fork & Balls, the newest creation of Fort Lauderdale restaurant empresario Tim Petrillo, is the first to bring the latest restaurant trend of meatballs to South Florida.

American Airlines Boosts Profit On Higher Revenue

The air carrier plans to share some of its gains with shareholders.

United Airlines Posts 2Q Profit, Reversing 1Q Loss

Shares of United Continental Holdings jumped on the news that earnings beat Wall Street estimates.

Southwest Reports Record Profit For 2Q

The company also set records for passenger fares per mile and the percentage of seats sold on its planes.

Ford 2Q Net Income Rises To $1.3 Billion

Automaker chalks up a record profit in North America and makes money in Europe for the first time in three years.

Recalls Chop $1.5B From GM Profits

Quarterly net income is down 85 percent in the worst recall crisis in the automaker's history.

Wal-Mart Names New CEO Of US Discount Division

The head of Wal-Mart's Asian business is replacing Bill Simon, who served four years.

Jobless Aid Applications Drop To Eight-Year Low

U.S. unemployment aid applications fell last week to 284,000, a pre-recession bottom.

SEC Poised To End $1 A Share For Some Money Funds

Regulators prepared to vote to end a longtime staple of the investment industry—the fixed $1 share price for money-market mutual funds—at least for some money funds used by big investors.

ConocoPhillips Tops For 401(k) Plans; Facebook Last

ConocoPhillips estimates that an employee could retire at 60 after 35 years of service with savings of $3.8 million.

Annette Taddeo

Taddeo Touts Status As Small-Business Owner, Working Mom

By News Service of Florida |

Democratic gubernatorial candidate Charlie Crist announced that his running mate would be Annette Taddeo, chairwoman of the Miami-Dade Democratic Party and a political consultant's dream: a Hispanic working mom who runs a successful small business and hosted her own show, Taddeo2Day, on CNN Latino.

Instead Of Fearing Higher Rates, Learn To Love The Fed

In the last two tightening cycles by the Federal Reserve, instead of tumbling, U.S. debt securities from Treasuries to junk bonds gained.

Vladimir Putin

Russian Billionaires In 'Horror' As Putin Risks Isolation

Gennady Timchenko and the 18 other richest Russians lost $14.5 billion since the start of the year, compared to an increase in wealth of $56.5 billion for the richest 64 Americans.

Thirst For American Craft Beer Goes Full Circle Back To Europe

Green Flash became the first U.S. craft brewery to begin making and selling fresh beer in the European market, taking its West Coast IPA to in the U.K., Belgium, France, the Netherlands and Italy.

Wage Gauge Blurred By Boomer-Millennial Shift

Older Americans are trading big salaries for part-time gigs or retirement, just as an even larger group of young people come into the labor force at entry-level salaries.

JPMorgan Threatens To Stop Originating FHA Loans

JPMorgan Chase's Jamie Dimon wants clearer rules over when the government will demand triple penalties.

Juan Valdez Cafe in downtown Miami

Juan Valdez Goes After Starbucks With Franchise Cafes In Florida

Juan Valdez, the coffee brand backed by the Colombian Coffee Growers Federation, is opening franchised cafes in Florida in a fresh attempt to challenge Starbucks on its home turf.

Showboat Casino, Atlantic City, N.J.

Casino Closings Zap Jobs, Make For Uncertain Atlantic City Future

About a quarter of the casino jobs that propped up Atlantic City for more than three decades are on the line as gambling houses close.

Finance Industry Bonuses Hit In Poll As Revenue Disappoints

Almost half of all finance professionals expect bonuses to be smaller this year, if they get one at all, according to a Bloomberg Global Poll.