Finance News

Carnival Earnings Beat Wall Street Estimates

Miami-based Carnival Corp. benefited from lower fuel costs and higher passenger spending.

Letter to Editor: New Reverse Mortgage Rules Protect Consumers

By Phil Stevenson |

A reverse mortgage can provide retirees with significant benefits, the ability to convert illiquid home equity into a different type of investment, says letter writer Phil Stevenson.

A History of Failure Hasn't Stopped Speculators From Trading This Note

Speculators are again piling into an exchange-traded note that lets them bet on how long days of calm will last in the U.S. stock market.

Puerto Rico Prepares for Luxury Shopping Amid Recession

A pair of nearly 5-inch black satin heels with a large gold alligator that serves as the front strap retails for almost $1,600 at the first Saks Fifth Avenue store to open in Puerto Rico, more than what the average person here earns in a month and where nearly half the population lives in poverty.

Jack Lew

Lew Warns Lawmakers Against Weakening Dodd-Frank, Risk Panel

U.S. Treasury Secretary Jacob J. Lew warned lawmakers against weakening financial rules adopted since the 2008 crisis, saying ordinary Americans and small businesses would suffer.

Tamarina Restaurant located at 600 Brickell Ave.

Power Lunch: At Tamarina, 'They're Doing Things Just Right' (Slideshow)

By Eleazar David Melendez |

The Tamarina restaurant in Miami's Brickell Financial District is a designer niche with Italian leanings.

The Lyric Theater

Will $2M in Grants to Two Politically Connected Organizations Bring Nightlife to Overtown?

By Eleazar David Melendez |

Miami's Southeast Overtown-Park West Community Redevelopment Agency is pushing a nighttime initiative with $2 million in grants to two organizations.

State Senate Tax Plan Held Up by Health Questions

By News Service of Florida |

The Senate has lined up a series of tax cuts that could top the House's freshly announced $690 million package.

Suspicion Surrounded Florida Businessman Who Faked His Death

Jose Lantigua, 62, and his 57-year-old wife, Daphne Simpson, are jailed on seven Florida insurance fraud charges each after he was arrested by federal agents Saturday in North Carolina wearing a brown toupee and a dyed beard.

Survey Suggests an Increase to CMBS Originations This Year

By Paul Bubny, GlobeSt.com |

SEC's Plan on Broker Rules Has Both Sides Cheering, Jockeying

When U.S. Securities and Exchange Commission Chairwoman Mary Jo White backed tighter rules for brokers last week, her words were greeted with cheers, oddly, by both supporters and opponents of the controversial plan.

Auto Theft Claim Ends Up Costing State Farm $546,000

By Samantha Joseph |

Auto insurer State Farm lost a 12-year fight after denying a $25,000 auto theft claim by a couple in Miami Gardens.

Miami's Overtown CRA May Be Left With Biggest Bill for Tri-Rail Station

By Eleazar David Melendez |

A plan to create a Tri-Rail station as part of the All Aboard Florida project in downtown Miami assigns a $28 million share to the Overtown community redevelopment agency.

AmEx Troubles: Some Cardholders Can Leave Home Without It

For decades, American Express was the undisputed credit card of choice among corporate road warriors, the wealthy and the well-traveled, who lived by the company's slogan, "Don't leave home without it." But times have changed.

Fed Review Says Leak in One Case Was Unintentional, Careless

The Federal Reserve said disclosures of confidential information about 2012 policy deliberations were unintentional and "careless," and prompted recommendations about dealings with the press.

In Florida's "Beer War," the Growler Appears to Be Winning

After a two-year political and public relations battle, Florida's craft beer fans may soon be able to leave their local brewery with the preferred half-gallon refillable jug of the microbrew they love and retire their "Free the growler" T-shirts.

More Women in Charge Means Bigger Profits

A male-dominated culture at executive levels has been blamed for the aggressive risk-taking that led to the global financial crisis. IMF chief Christine Lagarde said investment bank Lehman Brothers might still exist if it had been Lehman Sisters.

Freddie Mac Headquarters at 8200 Jones Branch Drive, in McLean, Virginia.

Freddie Mac Selling $1 Billion of Loans in Largest Deal

Freddie Mac is selling more than $1 billion of soured U.S. home loans in its largest sale of the debt.