Finance News

Sepi Tofigh, associate, Bruce Jay Colan, partner, and Bill McCullough, partner, Holland & Knight.

Holland & Knight Team Works $30 Million Miami Seaquarium Sale

By Eleazar David Melendez |

A legal team at Holland & Knight arranged the $30 million sale of Miami Seaquarium for seller Wometco Enterprises.

Wall Street Job Boom Fades as Puerto Rico Convulses

Money managers in the municipal market are adding analysts at the slowest pace since before the financial crisis, a sign research staffs are able to manage the volatility stemming from beleaguered Puerto Rico.

Related Leads Donors Getting N.Y. Brownfield Tax Credits

New York Governor Andrew Cuomo has collected at least $650,000 in campaign contributions from recipients of tax credits to redevelop industrial sites during the past four years.

A scene from Electronic Arts’ video game NCAA Football14. The NCAA is suing EA and Atlanta-based Collegiate Licensing Co. in Fulton Superior Court.

NCAA Settles Head-Injury Suit, Will Change Rules

The NCAA agreed to settle a class-action head-injury lawsuit by creating a $70 million fund to diagnose thousands of current and former college athletes to determine if they suffered brain trauma playing football, hockey, soccer and other contact sports.

JPMorgan to Sell $1.3 Billion Loan Portfolio to Sankaty

JPMorgan Chase agreed to sell about $1.3 billion of loans and securities to Sankaty Advisors LLC as the largest U.S. bank pares back non-essential holdings.

Million-Dollar U.S. Housing Loans Surge to Record Level

Banks are handing out mortgages of as much as $10 million to the wealthy in record numbers while first-time homebuyers struggle to get loans.

Argentina In Last-ditch Effort To Avert Default

A delegation is traveling from Argentina to New York to meet a court-appointed mediator a day before a deadline for paying bondholders $539 million.

Worry Not, Justices Hold Line In Securities Fraud Cases

By Charles Lichtman |

Worries that the U.S. Supreme Court would issue another ruling to impede the pleading or proving of securities fraud cases has dissipated as justices unanimously rejected an attack on Basic v. Levinson for the fraud-on-the-market presumption of reliance on misrepresentations at class certification, writes attorney Charles Lichtman.

Red Lobster Sale To Investment Firm Complete

The new CEO of Red Lobster announces an end to steep discounting, but some popular promotions will stay.

Zillow To Acquire Trulia For $3.5 Billion In Stock

Zillow has agreed to purchase rival Trulia in a $3.5 billion stock deal that makes the combined entity the largest online real estate advertising company.

Bankia

Bankia Profit Jumps on Revenue Boost as Bad Loans Fall

Bankia, the nationalized lender that Spain's government is selling back to investors in a sign of the country's recovery, said profit more than doubled as revenue rose and bad loans and costs fell.

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.

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.

United Airlines Posts 2Q Profit, Reversing 1Q Loss

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

Jobless Aid Applications Drop To Eight-Year Low

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

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.

American Airlines Boosts Profit On Higher Revenue

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

Recalls Chop $1.5B From GM Profits

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

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.

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.

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.