http://www.miamiherald.com/business/economy/index.html http://media.miamiherald.com/images/logos/rss_sitelogo.gif http://www.miamiherald.com/business/economy/index.html 140 25 News, sports and entertainment from MiamiHerald.com en-us Copyright 2009 MiamiHerald.com Economy 60 Mon, 23 Nov 2009 14:38:13 EST http://blogs.law.harvard.edu/tech/rss McClatchy Interactive's PubSys miamifeedback@miamiherald.com http://www.miamiherald.com/business/economy/story/1345077.html http://www.miamiherald.com/business/economy/story/1345077.html Sat, 21 Nov 2009 01:00 EST A long-awaited pilot program designed to offer training and loans to thriving, mid-stage Florida companies is beginning to take shape -- and take applications. http://www.miamiherald.com/business/economy/story/1345075.html http://www.miamiherald.com/business/economy/story/1345075.html Sat, 21 Nov 2009 01:00 EST Medical-products manufacturer Boston Scientific will close its plant in Doral, eliminating 1,400 jobs by 2012, Miami-Dade economic development officials said Friday. http://www.miamiherald.com/business/economy/story/1346093.html http://www.miamiherald.com/business/economy/story/1346093.html Sat, 21 Nov 2009 01:00 EST When the gavel came down on Andy Warhol's painting 200 One Dollar Bills earlier this month, the usually staid audience at the Sotheby's auction house broke into applause as if they had won the bid themselves. http://www.miamiherald.com/1383/story/721381.html http://www.miamiherald.com/1383/story/721381.html Fri, 10 Oct 2008 17:31 EDT Experts answer your economy questions http://www.miamiherald.com/1383/story/721340.html http://www.miamiherald.com/1383/story/721340.html Fri, 10 Oct 2008 17:06 EDT Ask housing reporter your questions http://www.miamiherald.com/1383/story/721377.html http://www.miamiherald.com/1383/story/721377.html Fri, 10 Oct 2008 17:29 EDT Millennials blog on savvy spending http://www.miamiherald.com/business/economy/story/1345074.html http://www.miamiherald.com/business/economy/story/1345074.html Sat, 21 Nov 2009 01:00 EST Banking regulators seized Commerce Bank of Southwest Florida and sold the tiny Fort Myers bank to Central Bank, of Stillwater, Minn., marking the 124th U.S. bank to fail during 2009 and the 12th in Florida. http://www.miamiherald.com/business/economy/story/1344834.html http://www.miamiherald.com/business/economy/story/1344834.html Sat, 21 Nov 2009 01:00 EST Antonio Palou is temping, but not complaining.<p/> He'd love a more permanent job, but he knows plenty of other information technology professionals who have been out of work for a year or more. http://www.miamiherald.com/business/economy/story/1342794.html http://www.miamiherald.com/business/economy/story/1342794.html Fri, 20 Nov 2009 01:00 EST With the economy sputtering, South Florida couples are staying together more or attempting do-it-yourself divorces rather than paying pricey divorce lawyers. http://www.miamiherald.com/business/economy/story/1341039.html http://www.miamiherald.com/business/economy/story/1341039.html Wed, 18 Nov 2009 22:00 EST Florida employers will soon be asked to pay more -- a lot more -- to cover the cost of unemployment compensation, adding yet another thorn in the side of businesses struggling to recover from the economic downturn. http://www.miamiherald.com/business/economy/story/1338780.html http://www.miamiherald.com/business/economy/story/1338780.html Wed, 18 Nov 2009 01:00 EST Penn National Gaming will offer up to $102 million to buy the Fontainebleau Las Vegas, an unfinished and bankrupt casino hotel that spent about $2 billion on construction and development over the past three years. http://www.miamiherald.com/business/economy/story/1337344.html http://www.miamiherald.com/business/economy/story/1337344.html Tue, 17 Nov 2009 01:00 EST In possibly the largest sale of retail real estate space in New York City over the past year, Potamkin Automotive, based in Miami Lakes, has sold its flagship Manhattan showroom for $125 million. http://www.miamiherald.com/business/economy/story/1337334.html http://www.miamiherald.com/business/economy/story/1337334.html Tue, 17 Nov 2009 01:00 EST The economic outlook for the Americas presented by two prominent economists Monday was upbeat enough to avoid heartburn among the large luncheon crowd of Latin American bankers gathered for an international banking conference Monday. http://www.miamiherald.com/business/economy/story/1335523.html http://www.miamiherald.com/business/economy/story/1335523.html Mon, 16 Nov 2009 06:42 EST Rodolfo Saccoman works full time and then some as director of e-commerce for The Breakers resort in Palm Beach. But each week night around 8 p.m., he starts his second shift as an entrepreneur. http://www.miamiherald.com/business/economy/story/1333069.html http://www.miamiherald.com/business/economy/story/1333069.html Sat, 14 Nov 2009 01:00 EST Federal authorities have ordered a Boca Raton investment advisor to pay a $90,000 civil penalty for alleged misappropriation of a client's money.<p/> In a Sept. 29 order, the Securities and Exchange Commission says that beginning in November 2004, Charles B. Ganz misappropriated more than $400,000 from a client's account to pay personal expenses. http://www.miamiherald.com/business/economy/story/1332793.html http://www.miamiherald.com/business/economy/story/1332793.html Sat, 14 Nov 2009 01:00 EST The former Versace mansion, once the hottest and most exclusive party spot in South Beach, has gone dark in the fallout from the Scott Rothstein scandal. http://www.miamiherald.com/business/economy/story/1330827.html http://www.miamiherald.com/business/economy/story/1330827.html Fri, 13 Nov 2009 01:00 EST With economic and political concerns rising as the unemployment rate has broken double digits, President Barack Obama announced on Thursday he will hold a high-level forum at the White House next month to try to find new ways to reverse job losses. http://www.miamiherald.com/business/real-estate/story/1347888.html http://www.miamiherald.com/business/real-estate/story/1347888.html Mon, 23 Nov 2009 11:37 EST Initial findings from a study of 51 homes by the Consumer Product Safety Commission links corrosion in homes with Chinese drywall to the imported product, the agency said Monday. http://www.miamiherald.com/business/real-estate/story/1346404.html http://www.miamiherald.com/business/real-estate/story/1346404.html Mon, 23 Nov 2009 01:00 EST HOMESTEAD<p/>WAREHOUSE SELLS<p/>FOR $1.75 MILLION<p/> Location: 701 S. Homestead Blvd.<p/> Seller: American National Self Storage, represented by Edward Westpy, president. http://www.miamiherald.com/business/real-estate/story/1341967.html http://www.miamiherald.com/business/real-estate/story/1341967.html Sun, 22 Nov 2009 01:00 EST Graham and Candice Walsh are the new owners of a 6,401-square-foot home in Miami Beach. The property was sold for $5,020,000, or $785 per square foot. The two-story Mediterranean home has six bedrooms, four full bathrooms, two half bathrooms, and a separate maid's quarters. http://www.miamiherald.com/business/real-estate/story/1342789.html http://www.miamiherald.com/business/real-estate/story/1342789.html Fri, 20 Nov 2009 01:00 EST Florida continues to hold the dubious distinction of having the highest foreclosure rate in the nation.<p/> One in four mortgages in Florida were either past due or in foreclosure, according to third-quarter data from the Mortgage Bankers Association. Nevada was close behind at 23 percent. http://www.miamiherald.com/business/real-estate/story/1341867.html http://www.miamiherald.com/business/real-estate/story/1341867.html Thu, 19 Nov 2009 13:57 EST Florida had the highest foreclosure and mortgage delinquency rate in the nation during the third quarter of 2009, as 18.8 percent of all loans were either 90 days overdue or in foreclosure, the Mortgage Bankers Association reported Thursday. http://www.miamiherald.com/business/real-estate/story/1341590.html http://www.miamiherald.com/business/real-estate/story/1341590.html Thu, 19 Nov 2009 08:12 EST Mortgage rates dropped to a historic low, but fewer people are getting home loans.<p/>The benchmark 30-year fixed-rate mortgage fell 13 basis points, to 5.06 percent, according to the Bankrate.com national survey of large lenders released Thursday. A basis point is one-hundredth of one percentage point. http://www.miamiherald.com/business/real-estate/story/1337625.html http://www.miamiherald.com/business/real-estate/story/1337625.html Tue, 17 Nov 2009 08:52 EST Palm Beach builder Robert Matthews' development dynasty has tumbled during the past several months, losing to foreclosure his historic Nantucket Inn, the former Heart of Palm hotel in Palm Beach, and now a second island property, which will go to auction next week. http://www.miamiherald.com/business/real-estate/story/1337623.html http://www.miamiherald.com/business/real-estate/story/1337623.html Tue, 17 Nov 2009 08:52 EST The pace at which people fell behind on their mortgages slowed during the summer for the third consecutive quarter, but the overall delinquency rate hit another record, a new report shows. http://www.miamiherald.com/business/real-estate/story/1337572.html http://www.miamiherald.com/business/real-estate/story/1337572.html Tue, 17 Nov 2009 08:22 EST North Miami Beach-based Equity One, an owner, developer, and operator of shopping centers, said Tuesday it has closed on the purchase of a 22-acre property on Long Island, N.Y. http://www.miamiherald.com/business/real-estate/story/1334598.html http://www.miamiherald.com/business/real-estate/story/1334598.html Mon, 16 Nov 2009 01:00 EST Six years ago, Robert Finvarb had a spot picked out for his new Courtyard by Marriott in Coconut Grove -- land next to a Burger King, with a view of U.S. 1. http://www.miamiherald.com/business/real-estate/story/1334584.html http://www.miamiherald.com/business/real-estate/story/1334584.html Mon, 16 Nov 2009 01:00 EST HIALEAH<p/>OFFICE BUILDING<p/>SELLS FOR $675,000<p/> Location: 2899 W. 4th Ave.<p/> Seller: First States Investors 4200, LLC, represented by Allan B. Rothschild, vice president. http://www.miamiherald.com/markets/story/1347567.html http://www.miamiherald.com/markets/story/1347567.html Mon, 23 Nov 2009 06:49 EST Investors halted stocks' three-day losing streak Monday, buying across the market on a range of factors including the weaker dollar and better-than-expected home sales numbers. http://www.miamiherald.com/markets/story/1346659.html http://www.miamiherald.com/markets/story/1346659.html Sun, 22 Nov 2009 13:59 EST Investors are heading toward the final month of the year with more questions about the economy than they had just a few weeks ago. http://www.miamiherald.com/markets/story/1344488.html http://www.miamiherald.com/markets/story/1344488.html Fri, 20 Nov 2009 18:16 EST Stocks fell for a third straight day Friday as a disappointing outlook from computer maker Dell Inc. suggested that an economic recovery could be uneven. The market, which has been shuttling between concerns about the economy and traders' need to find high-yielding investments, is back to worrying about the economy. Demand for safe haven investments like Treasurys and the dollar rose for a second day in response to Dell's outlook and comments from European Central Bank President Jean-Claude Trichet, who said the ECB plans to start reining in some of its stimulus programs. A rising dollar also hit commodities producers and exporters. http://www.miamiherald.com/markets/story/1343508.html http://www.miamiherald.com/markets/story/1343508.html Fri, 20 Nov 2009 07:11 EST Investors can't shake their fears that the economy isn't keeping up with the stock market. http://www.miamiherald.com/markets/story/1341516.html http://www.miamiherald.com/markets/story/1341516.html Thu, 19 Nov 2009 07:05 EST Stocks are set to continue their slide as the dollar is strengthening, and after a week of mixed economic reports. Futures are modestly lower. http://www.miamiherald.com/markets/story/1340574.html http://www.miamiherald.com/markets/story/1340574.html Wed, 18 Nov 2009 17:59 EST Signs of a subdued economic recovery sent investors out of stocks Thursday and in search of safer assets like the dollar. Energy and material stocks logged some of the biggest losses as a jump in the dollar sent commodity prices tumbling. Meanwhile, an analyst's downgrade of the chip industry pulled technology shares sharply lower. http://www.miamiherald.com/markets/story/1340444.html http://www.miamiherald.com/markets/story/1340444.html Wed, 18 Nov 2009 17:08 EST The following stocks were among those that moved substantially or traded heavily Wednesday on the New York Stock Exchange: http://www.miamiherald.com/markets/story/1339235.html http://www.miamiherald.com/markets/story/1339235.html Wed, 18 Nov 2009 06:55 EST Stock futures are pointing toward a lower opening following the lead of overseas markets and ahead of a weekly report on unemployment. http://www.miamiherald.com/markets/story/1338379.html http://www.miamiherald.com/markets/story/1338379.html Tue, 17 Nov 2009 16:53 EST The following stocks were among those that moved substantially or traded heavily Tuesday on the New York Stock Exchange: http://www.miamiherald.com/markets/story/1337476.html http://www.miamiherald.com/markets/story/1337476.html Tue, 17 Nov 2009 06:54 EST Stock futures are pointing to a modestly higher opening as investors await a new report on housing and the dollar resumed its slide. http://www.miamiherald.com/markets/story/1336860.html http://www.miamiherald.com/markets/story/1336860.html Mon, 16 Nov 2009 18:24 EST Stocks finished an erratic session mixed Tuesday as higher commodity prices lifted energy and materials shares. Major stock indexes had their third straight advance, reaching new 13-month highs, but there were more declining shares than advancers on the New York Stock Exchange and the Nasdaq Stock Market. Stocks had zigzagged for much of the day on mixed news from retailers and industrial production. http://www.miamiherald.com/business/personal-finance/story/1346408.html http://www.miamiherald.com/business/personal-finance/story/1346408.html Mon, 23 Nov 2009 01:00 EST Most of us in business roles have been on the receiving end of holiday gift-giving. But in these wobbly economic times, are holiday gifts still expected and necessary? Are they even appropriate? http://www.miamiherald.com/business/personal-finance/story/1345157.html http://www.miamiherald.com/business/personal-finance/story/1345157.html Sun, 22 Nov 2009 01:00 EST Selected world gold prices, Friday<p/> London morning fixing: $1,142.50 up $7.00<p/> NY Handy & Harman: $1,140.00 up $4.50 http://www.miamiherald.com/business/personal-finance/story/1345156.html http://www.miamiherald.com/business/personal-finance/story/1345156.html Sun, 22 Nov 2009 01:00 EST There's no surprise that charitable giving is down this year.<p/> Fifty-one percent of charitable organizations responding to a poll by the Association of Fundraising Professionals reported lower fundraising totals so far in 2009 compared to the same time period last year. http://www.miamiherald.com/business/personal-finance/story/1345155.html http://www.miamiherald.com/business/personal-finance/story/1345155.html Sun, 22 Nov 2009 01:00 EST The ``buzz-question'' around town these days, as we watch the Madoff auctions and Rothstein repossessions with horrified fascination, is ``How can these scams keep happening? Don't people know that if it sounds too good to be true it probably is?'' http://www.miamiherald.com/business/personal-finance/story/1344834.html http://www.miamiherald.com/business/personal-finance/story/1344834.html Sat, 21 Nov 2009 01:00 EST Antonio Palou is temping, but not complaining.<p/> He'd love a more permanent job, but he knows plenty of other information technology professionals who have been out of work for a year or more. http://www.miamiherald.com/business/personal-finance/story/1340870.html http://www.miamiherald.com/business/personal-finance/story/1340870.html Thu, 19 Nov 2009 01:00 EST While the tentacles of the $1 billion investment scheme attributed to Fort Lauderdale attorney Scott Rothstein have reached far and wide, some of the firm's attorneys are escaping the effects of any stigma now associated with him. http://www.miamiherald.com/business/personal-finance/story/1336791.html http://www.miamiherald.com/business/personal-finance/story/1336791.html Mon, 16 Nov 2009 17:42 EST Money is serious business but it's impossible to ignore the emotions that drive each of our financial decisions. That's most likely why married people still say money is the No. 1 reason they fight, according to a new survey by findlaw.com, a legal information website. http://www.miamiherald.com/business/personal-finance/story/1333069.html http://www.miamiherald.com/business/personal-finance/story/1333069.html Sat, 14 Nov 2009 01:00 EST Federal authorities have ordered a Boca Raton investment advisor to pay a $90,000 civil penalty for alleged misappropriation of a client's money.<p/> In a Sept. 29 order, the Securities and Exchange Commission says that beginning in November 2004, Charles B. Ganz misappropriated more than $400,000 from a client's account to pay personal expenses. http://www.miamiherald.com/business/personal-finance/story/1322576.html http://www.miamiherald.com/business/personal-finance/story/1322576.html Sun, 08 Nov 2009 01:00 EST Some investors with millions of dollars at stake thought they had asked the right questions about the double-digit returns that Rothstein Rosenfeldt Adler was offering. http://www.miamiherald.com/business/personal-finance/story/1310863.html http://www.miamiherald.com/business/personal-finance/story/1310863.html Sun, 01 Nov 2009 01:00 EDT The safest way to keep teens safe is to keep them off the streets and highways.<p/> But living in South Florida often requires teens to drive to school, sporting events and part-time jobs. Once they get behind the wheel, they need insurance coverage. http://www.miamiherald.com/business/personal-finance/story/1310864.html http://www.miamiherald.com/business/personal-finance/story/1310864.html Sun, 01 Nov 2009 01:00 EDT These days, it's rare to see a teenager without a cell phone in their hands. But a group of six teens in Parkland are urging their peers as well as everyone else to put the phones down while they're driving. http://www.miamiherald.com/banking/story/1338768.html http://www.miamiherald.com/banking/story/1338768.html Wed, 18 Nov 2009 01:00 EST Burgeoning trade between Latin America and China is spurring Chinese banks to step up their focus on the region, a panel of representatives from three Chinese banks said Tuesday. http://www.miamiherald.com/banking/story/1337622.html http://www.miamiherald.com/banking/story/1337622.html Tue, 17 Nov 2009 08:52 EST IberiaBank executives Monday discussed their goals for the 34 banking offices the Lafayette, La.-based institution acquired Friday when it took over the latest failed financial institutions in Manatee and Sarasota counties: Century Bank FSB of Sarasota and the Naples-based Orion Bank. http://www.miamiherald.com/banking/story/1330834.html http://www.miamiherald.com/banking/story/1330834.html Fri, 13 Nov 2009 01:00 EST Banks will have to secure their customers' consent before charging overdraft fees on ATM and debit card transactions, according to a new rule announced Thursday by the Federal Reserve. http://www.miamiherald.com/banking/story/1317704.html http://www.miamiherald.com/banking/story/1317704.html Thu, 05 Nov 2009 08:02 EST Investors who fear they may have lost hundreds of millions entrusted to Fort Lauderdale lawyer Scott Rothstein are now questioning the bank that held the investment money. http://www.miamiherald.com/banking/story/1311584.html http://www.miamiherald.com/banking/story/1311584.html Mon, 02 Nov 2009 08:37 EST The bankruptcy of a key lender that helps retailers stock their shelves is adding to the industry's worries ahead of the critical holiday shopping season. http://www.miamiherald.com/banking/story/1297872.html http://www.miamiherald.com/banking/story/1297872.html Sat, 24 Oct 2009 01:00 EDT Citigroup, which has yet to repay $45 billion in federal assistance, has more lobbyists than any other company that registered to try to shape legislation regulating the financial industry, U.S. Senate records show. http://www.miamiherald.com/banking/story/1297854.html http://www.miamiherald.com/banking/story/1297854.html Sat, 24 Oct 2009 01:00 EDT Bank closings for the year hit 103 on Friday when regulators shut down three Florida banks and a bank in Georgia.<p/> Partners Bank and Hillcrest Bank Florida -- both in Naples -- Flagship National Bank in Bradenton, and American United Bank of Lawrenceville, Ga., were the latest casualties as financial institutions collapse under the weight of soured real-estate loans and the Great Recession. http://www.miamiherald.com/banking/story/1295888.html http://www.miamiherald.com/banking/story/1295888.html Fri, 23 Oct 2009 01:00 EDT BankAtlantic Bancorp., weighed down by continuing loan losses, posted a third-quarter net loss of $38.4 million compared with a loss of $6.1 million in the year-ago quarter. http://www.miamiherald.com/banking/story/1293933.html http://www.miamiherald.com/banking/story/1293933.html Thu, 22 Oct 2009 01:00 EDT A monument to the financial crisis is rising amid this city's thicket of skyscrapers: a gleaming, glass-walled trophy tower that was intended as a fitting headquarters for Wachovia's national banking empire. http://www.miamiherald.com/banking/story/1287075.html http://www.miamiherald.com/banking/story/1287075.html Sat, 17 Oct 2009 01:00 EDT Pacific National Bank, a tiny Miami-based bank indirectly owned by the government of Ecuador, has signed a consent order with federal regulators that labels it ``troubled'' and tightly restricts its management and operations. http://www.miamiherald.com/banking/story/1286257.html http://www.miamiherald.com/banking/story/1286257.html Fri, 16 Oct 2009 16:52 EDT El Nuevo Herald staff reporter Gerardo Reyes contributed to this report.