BankUnited Financial, Florida's largest bank, is no longer considered ''well-capitalized'' by regulators and will be restricted from accepting deposits through brokers. Shares in the Coral Gables-based lender declined 9.2 percent in extended trading.
You should have completed your major hurricane preparations -- installing a generator and arranging for vital services such as alternate delivery systems after a disaster -- before the hurricane season began. But now with multiple storms churning out in the Atlantic, there are still things you can do to safeguard your business if a hurricane threatens.
With Hurricane Ike possibly just days away from menacing South Florida, officials on Friday reported no issues with local fuel supplies.
As the state's economy slipped further into the doldrums, the number of Florida home loans entering foreclosure continued to rise at a rapid clip in the second quarter, with more than 78,000 new homes in jeopardy of being repossessed by lenders, according to an industry report released Friday.
Shares of Pompano Beach defense contractor Point Blank Solutions plunged Friday after the company said it was eliminated from consideration for a huge contract with the U.S. Army.
Continental Airlines said it will charge some coach customers $15 for the first checked bag after determining the fee didn't erode demand at other carriers and would help counter elevated fuel costs.
In an ongoing battle against mortgage fraud, a pervasive crime in South Florida, two defendants have pleaded guilty in a scheme involving 25 properties and more than $10 million in fraudulent home loans in Broward County, according to federal prosecutors.
A Broward County man has filed a lawsuit against Florida Power & Light on behalf of about 38,000 customers who gave FPL $9.75 every month to help develop green energy -- only to learn most of the money was not used for that purpose.
The Delano wants to go to Dubai. Morgans Hotel Group announced Friday morning plans to open a Persian Gulf version of its iconic South Beach hotel, which helped redefine small hotels in the 1990s as stylish (and pricey) ``boutiques.''
The nation's unemployment rate zoomed to a five-year high of 6.1 percent in August as employers slashed 84,000 jobs, dramatic proof of the mounting damage a deeply troubled economy is inflicting on workers and businesses alike.
The union for Spirit Airlines' pilots filed a lawsuit this week in Michigan federal court alleging the company has engaged in unlawful behavior by imposing a series of changes in pay rates and working conditions.
After months of discussion, the Public Service Commission on Thursday approved agreements from the state's five investor-owned power companies so that customers can receive credit for electricity that they feed back to the grid from solar panels and other forms of renewable energy on their property.
The number of South Floridians filing for bankruptcy rose almost 60 percent in August from a year ago, but fell about 7.5 percent from July.
Sunrise-based Pediatrix Medical Group said Thursday it has secured a new $350 million revolving credit facility that will provide a funding source for more acquisitions and other corporate purposes.
Five farm bosses have pleaded guilty to a scheme to enslave Mexican and Guatemalan nationals as agricultural workers in southwest Florida, the Justice Department announced Wednesday.
(AP) -- A new study by a Wisconsin watchdog group has found executives of a Florida power company gave Gov. Jim Doyle almost $24,000 weeks before Doyle softened his stance against nuclear power.
Flagler Development has named a new chief executive: Jose M. Hevia takes over the Miami-based commercial real estate company, a unit of Fortress Investment Group. Armando Codina, who has been chairman and chief executive, will remain chairman.
A new online sports news and entertainment site, OPEN Sports, has signed a multiyear deal to make legendary NFL quarterback John Elway its spokesman for the site's Fantasy Football products.
FPL Group, the owner of Florida Power & Light, cut its 2009 adjusted earnings-per-share forecast to $4.05 to $4.25. FPL Group, based in Juno Beach, previously put the 2009 earnings range at $4.15 to $4.35 a share. The company put its 2010 adjusted earnings forecast at $4.50 to $4.90 a share, according to presentation slides for a Lehman Brothers conference Wednesday. The 2008 forecast remains at $3.83 to $3.93 a share.
TradeStation Group, an electronic trading platform provider based in Plantation, said Wednesday that daily average revenue trades declined 8 percent in August.
