Dreams Inc., in Plantation, reported a narrower loss for its first quarter. The sports memorabilia firm lost $240,000, or 1 cent per share, compared to a loss of $447,000, also 1 cent per share, for the same quarter last year. Revenue grew 26 percent to $18.5 million.
Allstate has lost its battle in court and it will be barred from writing new business in Florida until it complies with a subpoena for documents and information issued by the state's insurance commissioner.
(AP) -- The University of Florida's governing body unanimously approved $47 million in budget cuts Wednesday that will result in reducing enrollment and laying off some faculty.
More U.S. homeowners fell behind on mortgage payments last month, driving the number of homes facing foreclosure up 65 percent versus the same month last year and contributing to a deepening slide in home values, a research company said Tuesday.
IVAX Diagnostics reported first-quarter profits of $345,000, or 1 cent per share, compared to a loss of $238,000, or 1 cent per share, in the first quarter of 2007. Revenue grew 6 percent to $5.2 million.
South Florida's inflation rate dropped again in April, falling to 4.9 percent. The rate had been 5.3 percent in February and 5.8 percent in December.
Concord Camera lost $3.1 million, or 53 cents per share, for its third quarter of 2008, compared to a loss of $3.4 million, or 57 cents per share, for the third quarter of 2007. Sales fell 25 percent to $12.3 million due to fewer sales of single-use and traditional film cameras at the Hollywood-based company.
Quipp lost $873,000, or 59 cents per share, in the first quarter, compared to a loss of $650,000, or 44 cents per share in the first quarter of 2007. Revenue fell 15 percent to $3.7 million.
Pompano Beach's Point Blank Solutions, which designs and produces body armor for the military and police, blamed delays in contract awards, higher costs for materials and competition for a drop in sales and profits in the first quarter.
Baptist Health South Florida has agreed to pay the U.S. government $7,775,000 to settle claims it paid excessive compensation to an oncology group that was a source of patient referrals to two of Baptist's hospitals, the Department of Justice said Monday.
Prominent Broward physician Zachariah P. Zachariah has been accused by the Securities and Exchange Commission of using inside information to illegally trade stock in two companies.
Art replaces skin in Miami's new tourism campaign, part of the destination's push for more affluent and sophisticated travelers. Centered around the catchphrase ''Miami: Express Yourself,'' the print campaign features prominent local artists in surreal interpretations of Miami-Dade locales. The aim is to move away from the sculpted and slinky young models in the current campaign and reintroduce Miami as a refined destination awash in culture.
The Saks Fifth Avenue store in Fort Lauderdale's Galleria Mall will close this summer, the company announced Monday. The store's 60 workers will either be offered transfers to other locations or severence packages, the company said. The closing date will be July 20.
PetMed Express said profit grew 35 percent to $4.9 million, or 20 cents per share, for its fourth quarter, which ended March 31, compared to a profit of $3.6 million, or 15 per share, for the same quarter last year.
Ladenburg Thalmann Financial Services, a Miami-based investment bank, lost $1.03 million, or 1 cent per share, in the first quarter, compared to a profit of $874,000, or 1 cent per share in the first quarter of 2007.
BankUnited Financial, parent company of BankUnited, lost $65.8 million, or $1.88 per share, for the first quarter, compared to a profit of $24.4 million, or 64 cents per share, for the first quarter of 2007.
Hollywood Media, a provider of news, information and ticketing covering the entertainment and media industries, lost $3.15 million, or 10 cents per share, in the first quarter, compared to a loss of $3.06 million, or 9 cents per share, in the first quarter of 2007.
Former PBS&J Chairman Richard A. Wickett was sentenced Friday to six months home confinement for his role in a long-running scheme to subvert campaign-finance laws.
They've trimmed trees, replaced poles and strengthened electrical systems at hospitals and fire stations. One of the last things Florida Power & Light workers needed to do to prepare for the upcoming hurricane season was go through a dry run of a storm.
Fort Lauderdale's Levitt Corp., having separated itself last year from its bankrupt Levitt and Sons home-building subsidiary, now wants to shed its name.
