Finance

Appellate court affirms ruling against Wachovia free with registration

A federal appeals court affirmed a $1.1 million arbitration award that primarily covered attorney fees and costs against the former Wachovia's brokerage firm.

Latest Finance News

'PayPal mafia' fortunes to be boosted by Yelp free with registration

Jeremy Stoppelman and Max Levchin own about $200 million in Yelp shares heading into the company's initial public offering, setting up the latest payday for PayPal's former executives.

Boca Raton-based SBA pays $1.1 billion for 2,300 antenna sites 

To meet growing demand for wireless data services, SBA Communications is acquiring more than 2,300 antenna tower sites in the United States and Central America from Mobilitie for $1.1 billion in cash and stock.

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The buzz about small business may be wrong  free with registration

Although Republicans and Democrats alike tout small business as the answer to what ails the economy, several economists suggests that most small businesses are not particularly adept at creating jobs mdash; at least not the best jobs.

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Wal-Mart profit drops in 4Q, but earnings beat estimates 

During the holidays, Wal-Mart guaranteed shoppers it would give them the lowest price on a given item, no matter when they bought it during the holiday season. That resulted in its first gain in customer counts in several years.

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Kraft 4Q net income rises on higher prices  free with registration

Kraft Foods, whose brands include Nabisco, Maxwell House and Trident, and the rest of the food and beverage industry are coping with higher costs at a time when consumers in developed markets are limiting spending.

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Holiday spending pushes Macy's 4Q profit higher  free with registration

Macy's, which runs Bloomingdale's and its namesake stores, is reaping the benefit of tailoring merchandise to local markets. It has been outperforming mid-price peers such as Kohl's and J.C. Penney.

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Home Depot 4Q net income climbs on sales spike  free with registration

Home-goods sellers like Home Depot and others are facing cautious consumer spending and prolonged weakness in the housing market. They've had to adjust to fewer consumers making large-scale home renovations.

Leading economic indicators index climbs 0.4 percent in expansion  free with registration

The Conference Board's gauge of the outlook for the next three to six months climbed 0.4 of a percent after a revised 0.5 of a percent gain in December that was more than initially reported.

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Most-hated stocks burn short sellers as Sears, Netflix lead S&P  free with registration

The 26 companies in the S&P 500 with the highest so-called short interest relative to shares available for trading rallied 18 percent this year, compared with 8 percent for the full index.

On Real Estate

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Pembroke Pines medical facility tenant gets $10.63M loan 

The tenant at a 123,073-square-foot medical facility in Pembroke Pines medical facility obtained a $10.63 million leasehold mortgage.

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Dealmakers

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Attorneys help pawn shop parent gain control of Mexican company 

National pawn shop chain EZCorp. more than doubled its net revenue in 2011, so they sought help from Holland & Knight in purchasing a controlling stake in Crediamigo, which specializes in payroll deduction loans.

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SPECIAL REPORTS

Despite second chances, more struggles for bank customers 

Daily Business Review

Even as South Florida community banks push to work out bad debt, nearly half the borrowers fall behind on their restructured loans. Community banks based in Miami-Dade, Broward and Palm Beach counties have restructured more loans, many of them secured by residential and commercial real estate, but almost half of these second-chance loans were past due at midyear, according to our annual survey.

Top Dealmakers 2011 

Daily Business Review

Deals are back, and Top Dealmaker competition is tough. No one is so bold to say the economy is back, but dollars once stuck on the sidelines are starting to flow back into the marketplace.

Industrial Guide 2010 

Daily Business Review

Leases, sales and development projects by federal and local government agencies could pump new life into the industrial sector, but closing a transaction with the government can be a lengthy, bureaucratic process.

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