MiamiHerald.com: Economy & Banking

Business spending holding back South Florida’s rebound

Thu, 09 Feb 2012 12:20 EST

If this recovery isn’t going fast enough for you, don’t blame tourism. Construction, on the other hand...

Construction spending finally in a tiny rebound

Wed, 08 Feb 2012 21:31 EST

Construction spending in Florida is finally in a tiny rebound. The bad news: Housing permits are still 80 percent off their peaks.

Hotel comeback hits a December plateau

Mon, 06 Feb 2012 13:57 EST

December brought another record for hotel tax collections in Miami-Dade, but the roaring growth of 2011 may be tapering off.

Share haiku on an economic theme

Sun, 05 Feb 2012 23:00 EST

Two years ago, Business Monday asked readers to use the Japanese poetry form haiku to express themselves. Now we’re asking for new submissions.

Local government jobs holding steady

Wed, 25 Jan 2012 11:04 EST

South Florida’s public payrolls had a better recession than the private sector did, though the pressure is on as government budgets get squeezed.

BankUnited reports strong earnings

Wed, 25 Jan 2012 17:57 EST

BankUnited reported higher fourth-quarter earnings as it refocuses its strategy to stay independent

South Florida bellwether companies took wild rides in 2011

Fri, 30 Dec 2011 17:29 EST

It was a year of wild drama for the stock market that didn’t amount to much. South Florida’s largest companies got caught up in the storylines, too.

Consumer confidence jumps in December

Tue, 27 Dec 2011 18:07 EST

Buoyed by big-ticket buying plans and expectations for a better economic future, consumer confidence rose in Florida and the nation.

Brazil’s economy slows

Fri, 16 Dec 2011 00:00 EST

However, recent measures could put the economy of South Florida’s largest trading partner back on the growth track by the second quarter of 2012.

South Florida startup leaders join talks at White House

Mon, 12 Dec 2011 20:53 EST

As part of the Startup America program announced by President Barack Obama in January, five entrepreneurs, along with groups from other states, discussed challenges and opportunities.

In the economic race, Miami-Dade at back of pack

Wed, 07 Dec 2011 18:34 EST

A consultant’s report describes how badly Miami-Dade County trails its peers when it comes to economic competitiveness.

John Kanas optimistic about BankUnited’s new incarnation

Sun, 04 Dec 2011 23:00 EST

John Kanas is helping BankUnited push aggressively into commercial banking and expand in Florida and New York.

SEC charges Morgan Stanley Investment Management with violations

Wed, 16 Nov 2011 20:19 EST

The Securities and Exchange Commission said Wednesday that it charged Morgan Stanley Investment Management with violating securities laws in a fee arrangement that repeatedly charged a fund and its investors for advisory services they weren’t actually receiving from a third party.

Analysts say European recession likely

Tue, 15 Nov 2011 17:15 EST

Some 1,800 bankers from around the world gathered in Miami for the 45th FELABAN Annual Assembly. They discussed everything from the global economy to banking inclusion

Florida’s economy faces ‘moderate’ risk from European recession

Mon, 14 Nov 2011 18:53 EST

Florida would fare better than many states should Europe slip into recession, a new study found.

Economists say Obama plan would create jobs, but ...

Fri, 09 Sep 2011 19:04 EDT

Could it work? That's the question being asked about President Barack Obama's big new jobs plan. Independent experts answered Friday with a qualified yes.

S&P cuts U.S. debt rating, cites 'weakening' of policy making

Sat, 06 Aug 2011 00:26 EDT

Credit rating agency Standard & Poor's downgraded the AAA credit rating the United States has enjoyed for 70 years late Friday night in a move that had been expected, but still left the Obama administration angry and combative. S&P said the debt-ceiling deal didn't do enough to trim the deficit and showed that U.S. political institutions were not effective in dealing with the economy and the deficit.

Cut federal debt, Americans say, even if that slows economy

Wed, 06 Jul 2011 19:33 EDT

Despite lingering anxiety over the Great Recession, Americans by a large margin want their federal government to focus more on cutting debt than on increasing spending even temporarily to boost the economy, according to a new McClatchy-Marist poll.

Jobless claims rise to highest level in 9 months

Thu, 19 Aug 2010 10:48 EDT

Employers appear to be laying off workers again as the economic recovery weakens. The number of people applying for unemployment benefits reached the half-million mark last week for the first time since November.

Signs of a spring break rebound: busy body piercers

Sat, 20 Mar 2010 00:37 EDT

Some signs spring break has arrived: loud beaches, busy tattoo parlors and a quiet morning at Key West's Fairfield Inn and Suites.

"The free breakfast is usually a huge draw," General Manager Chris Majchrowicz said.

But even with most of the 106-room hotel filled with spring breakers, Majchrowicz saw breakfast service down nearly 50 percent this week.

"They're very late sleepers."