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Top News & Analysis Florida

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  • NEW YORK, July 31- A U.S. appeals court on Friday upheld a lower court's decision to clear Qualcomm Inc in a patent lawsuit by wireless chip developer ParkerVision Inc, allowing it to escape a $173 million verdict for infringement. The U.S. Court of Appeals for the Federal Circuit in the District of Columbia also ruled that nearly all of the patents ParkerVision...

  • DETAILS: Quartet Magnetic and Dry Erase Boards sold between January 2005 and December 2013. The boards were sold in eight sizes, including 5 ½ x 14, 8 ½ x 11, 11 ½ x 11 ½, 11 x 17, 12 x 12, 14 x14, 17 x 17 and 17 x 23. They were sold at Ace Hardware, Fred Meyer, Menards, Office Depot and other stores nationwide. FOR MORE: Call ACCO Brands at 800-611-6654 from 8 a.m. to 5 p.m. CT...

  • NEW YORK, July 31- Puerto Rico on Friday planned to cover a payment due on debt owed by its development bank, a source familiar with the matter said, but the U.S. territory may still be short of the funds needed to pay all of the obligations due on Saturday. But Puerto Rico is expected to default on a $58 million payment on Public Finance Corporation bonds due Saturday...

  • Puerto Rico Governor Alejandro Garcia Padilla shocked investors in June when he said the island's debt- totaling $72 billion- was unpayable and required restructuring. Puerto Rico has flagged that it will likely skip a $58 million payment due Aug. 1 on its Public Finance Corporation debt, which has weaker investor protection than some other bonds.

  • NEW YORK, July 31- A U.S. appeals court on Friday upheld a lower court's decision to clear Qualcomm Inc in a patent lawsuit by ParkerVision Inc, allowing it to escape a $173 million verdict for infringement. ParkerVision had accused Qualcomm of infringing its patents beginning in 2006 over a means to convert radio frequency signals, and incorporating its...

  • MIAMI— Royal Caribbean cruised beyond most expectations for its second quarter thanks in part to falling energy prices and it raised its profit guidance for the year. The per-share earnings were 12 cents better than Wall Street expectations, according to a poll by Zacks Investment Research. Royal Caribbean now foresees 2015 adjusted earnings in the range of...

  • WINTER PARK, Fla. _ Ruth's Hospitality Group Inc. on Friday reported second-quarter net income of $7.5 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share. Ruth's Hospitality shares have risen almost 9 percent since the beginning of the year.

  • Puerto Rico Governor Alejandro Garcia Padilla shocked investors in June when he said the island's debt- totaling $72 billion- was unpayable and required restructuring. Puerto Rico has flagged that it will likely skip a $58 million payment due Aug. 1 on its Public Finance Corporation debt, which has weaker investor protection than some other bonds.

  • MIAMI— Drawing a sharp distinction with Republican rivals in the pivotal election state of Florida, Hillary Rodham Clinton on Friday called on the GOP-run Congress to end the trade embargo the U.S. has imposed on Cuba since 1962. President Barack Obama has normalized diplomatic relations with Cuba and made it easier for Cuban-Americans to visit and send money...

  • SAO PAULO, July 30- The lawyer behind the plea bargain deals that helped investigators unearth a multi-billion-dollar corruption scandal at Brazilian state-run oil firm Petrobras said on Thursday she closed her law firm because she felt threatened by a congressional committee. A congressional committee investigating Petroleo Brasileiro SA, as...

  • JACKSONVILLE, Fla. _ Web.com Group Inc. on Thursday reported second-quarter net income of $4.6 million, after reporting a loss in the same period a year earlier. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share. Web.com shares have climbed 22 percent since the beginning of the year.

  • MIAMI _ World Fuel Services Corp. on Thursday reported second-quarter profit of $29.9 million. World Fuel Services shares have risen almost 1 percent since the beginning of the year. Keywords: World Fuel Services, Earnings Report.

  • NEW YORK— In one of his first forays into policy as a presidential candidate, Republican Donald Trump calls for the deportation of all 11 million people estimated to be living in the country illegally while allowing the "really good people" to return. Deporting them all "is impractical and is opposed by a large majority of Americans," said Clint Bolick, an Arizona...

  • GRAPEVINE, Texas— No injuries were reported after a tire on a landing gear on a Spirit Airlines jet caught fire while landing at Dallas-Fort Worth International Airport. Airline spokeswoman Paul Berry says Spirit Flight 407 was arriving shortly before 1 p.m. Thursday from a three-hour flight from Orlando, Florida, when the tire on a landing gear ignited.

  • RTI Surgical tops Street 2Q forecasts Thursday, 30 Jul 2015 | 10:15 AM ET

    ALACHUA, Fla. _ RTI Surgical Inc. on Thursday reported second-quarter profit of $3.5 million. For the current quarter ending in September, RTI Surgical said it expects revenue in the range of $69 million to $70 million. RTI Surgical shares have climbed 29 percent since the beginning of the year.

  • Rayonier Advanced Materials posts 2Q loss Thursday, 30 Jul 2015 | 10:06 AM ET

    JACKSONVILLE, Fla. _ Rayonier Advanced Materials Inc. on Thursday reported break-even earnings in its second quarter. Rayonier Advanced Materials shares have declined 34 percent since the beginning of the year. Keywords: Rayonier Advanced Materials, Earnings Report.

  • Teco meets 2Q profit forecasts Thursday, 30 Jul 2015 | 9:33 AM ET

    TAMPA, Fla. _ Teco Energy Inc. on Thursday reported second-quarter profit of $61.5 million. The Tampa, Florida- based company said it had net income of 26 cents per share. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 26 cents per share.

  • IRadimed posts 2Q profit Thursday, 30 Jul 2015 | 9:21 AM ET

    WINTER SPRINGS, Fla. _ IRadimed Corp. on Thursday reported second-quarter profit of $1.8 million. IRadimed expects full-year earnings in the range of 63 cents to 65 cents per share, with revenue ranging from $30.2 million to $30.4 million. IRadimed shares have increased 62 percent since the beginning of the year.

  • Virgin America's 2Q profit beats Wall Street forecasts Thursday, 30 Jul 2015 | 8:51 AM ET

    Virgin America's second-quarter profit beat Wall Street expectations on cheaper fuel, and the airline plans to grow at a double-digit rate next year after it starts flying to Hawaii. For example, he said, Virgin will resume flights between San Francisco and Fort Lauderdale, Florida, and offer an additional daily flight to New York from both San Francisco and Los...

  • National Retail Properties reports 2Q results Thursday, 30 Jul 2015 | 8:45 AM ET

    ORLANDO, Fla. _ National Retail Properties on Thursday reported a key measure of profitability in its second quarter. The average estimate of 11 analysts surveyed by Zacks Investment Research was for funds from operations of 55 cents per share. National Retail Properties expects full-year funds from operations in the range of $2.21 to $2.24 per share.