Finance News

Will President's Immigration Plan Boost Wages? White House Thinks So

President Barack Obama's moves on immigration would expand the labor force and increase worker productivity, according to a White House report.

CEO in 10 Big Mergers to Get $430M: Equilar Study

This year's flurry of corporate mergers may not pay off for shareholders in the long run, but one thing is for sure: The bosses who are selling their companies will do just fine.

Rendering of the new Miami Marine Stadium in Key Biscayne

Officer of Company Vying for Miami Marine Stadium Makeover on Verge of Bankruptcy

By Eleazar David Melendez |

As a company founded by a Miami attorney asks to lead a $121 Million redevelopment of the city-owned Miami Marine Stadium, one of the principals likely to show up at City Hall to make that case appears to be on the verge of personal bankruptcy, the Daily Business Review has learned.

Don't Let Black Friday Breaches Make You See Red

By Luis Salazar and Neha Dagley |

A jam of retail cyberattacks underscores the need for data security awareness. Hint: Don't use spot123 as a password.

Report: Big Banks Gain Unfair Trading Advantages

Wall Street's biggest banks have used their ownership of metals warehouses, oil tankers and other commodities businesses to gain unfair trading advantages and dominate markets, according to a U.S. Senate investigation.

JPMorgan Power Market Influence Targeted in Report

Lawmakers will hear about the influence big banks can have over the U.S. power markets when they can own plants, supply fuel to those units and trade based on the electricity they generate.

Paramount Raises $2.3B in Record US REIT IPO

Paramount Group Inc., an office landlord, raised $2.3 billion in the largest-ever initial public offering for a U.S. real estate investment trust.

Wells Fargo, U.S. Not Optimistic on Mortgage Pact

Lawyers for the U.S. and Wells Fargo & Co. told a judge they doubt they can reach a settlement in a government lawsuit accusing the bank of home-mortgage fraud, a person familiar with the matter said.

Financial Planning Gets a Dose of Virtual Reality

Financial planning often involves lots of spreadsheets, pie charts and eyes glazing over. Fidelity Investments aims to change that equation with an experiment in 3-D technology designed to make money management seem more like a mesmerizing video game than mundane number crunching.

Rendering of the new Miami Marine Stadium in Key Biscayne

Miami Marine Stadium Makeover Comes With $121M Investment

By Eleazar David Melendez |

A redevelopment plan for the Miami Marine Stadium would add adding thousands of square feet of commercial operations to the grounds around the landmark concert venue.

U.S. Federal Trade Commission.

The Reason FTC Shut Down Telemarketing Company Will Get Your Blood Boiling

By John Pacenti |

The Federal Trade Commission has shut down a Fort Lauderdale telemarketing company that claimed to help consumers recover money lost to fraud.

Carnival Enlists Public's Help To Tackle Cruise Image

Carnival Corp., trying to dispel consumer concerns about the cruise industry, is inviting the public to design its next marketing campaign, including people who've never set foot on a ocean liner.

Air-Bag Settlements Keep Details From Other Victims

Confidential settlements over defective Takata Corp. air bags are sealing off relevant information that other victims could use to pursue injury claims.

Blackstone in $2.25B Deal to Sell Tower to Ivanhoe

An Ivanhoe Cambridge Inc. venture agreed to buy a Manhattan office tower from Blackstone Group LP for about $2.25 billion, extending a surge of demand for prime U.S. properties, two people with knowledge of the deal said.

JPMorgan Settles Claims It Cheated Shale-Rights Owners

JPMorgan Chase & Co. settled a lawsuit by Texas mineral-rights owners who accused it of cutting sweetheart deals with oil company clients to cheat them out of $681 million in compensation.

Citigroup Favors Sumitomo Mitsui to Buy Japan Bank

Citigroup Inc. plans to give Sumitomo Mitsui Financial Group Inc. the right of first refusal this month to buy its Japanese consumer-banking business, said people with knowledge of the matter.

Norway Wealth Fund Outsmarts Flash Boys

Oeyvind Schanke, head of asset strategies at Norway's $860 billion sovereign wealth fund, has worked out how to dodge traders in the U.S. trying to profit on his orders by leaving no pattern for them to track.???