Daily Business Review

Finance

The Carnival Glory cruise ship

Carnival Declines Most In 16 Months On Lower Profit Forecast free with registration

Carnival Corp. fell the most in more than 16 months after lowering its forecast for the rest of the year. The lower forecast demonstrates the continuing fallout from several incidents at sea involving ships operated by Miami-based Carnival that attracted news coverage.

Latest Finance News

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Florida Hopes To Attract Businesses With LLC Change 

State lawmakers unanimously passed a bill changing the state's 31-year-old limited liability company law to help Florida better compete with other states for new LLCs.

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Best Buy Reports Quarterly Loss On Restructuring Costs  free with registration

Best Buy on reports a loss in its fiscal first quarter as it sold its stake in Best Buy Europe and works on a turnaround plan that includes cutting costs and closing some stores.

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Hershey Launching Chocolate Bar In Chinese Cities  free with registration

The Hershey Company says it's launching a new chocolate bar in three Chinese cities next month, followed by a wider distribution next year. It will be the first new brand the company has launched outside the United States in its nearly 120-year history.

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Saks Quarterly Profit Falls, But Still Beats Street View  free with registration

Saks' net income fell 38 percent in the first quarter, but its adjusted results topped analysts' expectations and a key revenue metric climbed. For the three months ended May 4, the luxury retailer earned $20 million. That's down from $32.1 million a year earlier.

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Priceline Completes $1.8 Billion Deal For Kayak  free with registration

Priceline.com said it completed its $1.8 billion acquisition of fellow online travel company Kayak Software. Kayak is now a Priceline subsidiary, but will continue to operate as an independent brand.

Experts: Combat Terrorism By Hitting Financial Roots 

A panel of information specialists say counteracting and understanding threat finance is the key to fighting terrorism.

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Warren Buffett Meets With Young Entrepreneurs  free with registration

Billionaire Warren Buffett is spending his day listening to business pitches from a select group of kids, but the ideas aren't likely to generate new acquisitions for Buffett's Berkshire Hathaway.

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U.S. Company Credit Swaps Hold As Investors Seek Clues From Fed  free with registration

A gauge of U.S. corporate credit risk held at the lowest in almost two weeks as investors await congressional testimony this week from Federal Reserve Chairman Ben S. Bernanke and minutes of the central bank's April meeting.

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Small Company Stocks Take The Limelight  free with registration

The Russell 2000, an index of small-company stocks, rose above 1,000 for the first time. The index is outpacing the Dow Jones industrial average and the Standard & Poor's 500 index this year.

On Real Estate

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Coconut Creek financial building goes for $5.1 million 

The 4,153-square-foot financial building on 0.28 of an acre sold for $5.1 million, or $1,228.03 per square foot

More On Real Estate

Dealmakers

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Greenberg's Donn Beloff Led $400 Million Merger Of Spanish Media Firms 

A Greenberg Traurig team led by shareholder Donn Beloff arranged the merger of four Spanish-language media companies.

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SPECIAL REPORTS

Business Advisory Board: Hope springs eternal 

Daily Business Review

As real estate, trade and tourism show signs of strength, decision makers cast wary eyes toward Washington and the budget fight ahead.

Special Report: Wealth Management Roundtable 2012, approaching the fiscal cliff 

Daily Business Review

On the eve of the presidential election and with heightened fears of disruptive budget cuts and tax hikes, how are financial managers advising wealthy clients?

Community Banks: Ingredients for boosting loans include staying local and personalized service 

Daily Business Review

Business conditions are more restrained than robust, so bankers and borrowers alike are taking a conservative approach to credit. Yet despite the economy's slow recovery from recession and financial crisis, community banks in South Florida have increased their collective loans outstanding.

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