While protesters chanted outside at his second annual summit to deal with global warming, Gov. Charlie Crist praised Florida Power & Light for moving toward green energy.
Miami-Dade hotels posted a strong May, bolstering hopes that economic turmoil won't infect South Florida's tourism industry. Occupancy grew about 3 percent in Miami-Dade, even as hotels boosted rates 7 percent to an average of $154 a night, according to a new report from Smith Travel Research.
The publisher of the Palm Beach Post said Wednesday it will cut 300 workers from its payroll of 1,350. ''A prolonged slump in our advertising revenues, increased competition from the Internet and an overall difficult economic environment have combined to make this type of cost reduction necessary,'' Palm Beach Post Publisher Doug Franklin said.
Consumer confidence in the Sunshine State is at its lowest level since the University of Florida began measuring it 25 years ago, according to results released Tuesday. And a home price index for South Florida fell by 26.7 percent in April versus last year.
Stiefel Laboratories, a global dermatological pharmaceutical company based in Coral Gables, announced Monday morning it was expanding yet again -- this time in a deal to buy Barrier Therapeutics for $148 million.
Fort Lauderdale-based Republic Services said Monday it will buy Phoenix-based Allied Waste Industries in a $6.07 billion stock deal that would join the second- and third-largest players in the disposal industry.
Bacardi has hired a new chief financial officer. Graham C. Hetherington, 48, succeeds Ralph Morera, 62, on May 1 and will be based at the spirits giant's global headquarters in Hamilton, Bermuda.
MD Medina Investments, a company controlled by Manuel D. Medina, has purchased 500,000 shares of stock in Terremark Worldwide for $7.50 per share, the Miami-based company said Monday. The shares were purchased from Sun Equity Assets Limited, a corporation controlled by Francis Lee. Terremark Worldwide operates Internet exchanges and provides infrastructure solutions. Its shares closed Thursday at $8.13.
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