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Top News & Analysis Florida

  • Labor Secretary nominee R. Alexander Acosta told a Senate committee on Wednesday he would abide by President Donald Trump's directive to review a pending "fiduciary rule" for retirement investment advisers, indicating he believed it goes too far. Acosta told the Senate Committee on Health, Education, Labor and Pensions that the fiduciary rule, slated to take...

  • WASHINGTON, March 22- R. Alexander Acosta, tapped by President Donald Trump to head the U.S. Labor Department, on Wednesday told a Senate panel he had reservations about an overtime rule put in place by the Obama administration, saying its effect on the economy needed to be considered. At his confirmation hearing, Acosta conceded it was unfortunate the existing...

  • WASHINGTON, March 22- U.S. home resales fell more than expected in February amid a persistent shortage of houses on the market that is pushing up prices and sidelining potential buyers. The National Association of Realtors said on Wednesday existing home sales declined 3.7 percent to a seasonally adjusted annual rate of 5.48 million units last month.

  • United States Attorney for the Southern District of Florida and nominee for Labor Secretary.

    President Donald Trump's labor nominee is also facing questions about how he would back up American workers when his record provides few clues.

  • DUBAI, United Arab Emirates— The president of Emirates, the Middle East's biggest airline, defended security measures at the carrier's Dubai hub on Wednesday and said the ban on personal electronics onboard U.S.-bound flights came without warning. Dubai was one of 10 cities in Muslim-majority countries affected by the new rule, which will force passengers to...

  • MIAMI _ Perry Ellis International Inc. on Wednesday reported fiscal fourth-quarter net income of $9 million, after reporting a loss in the same period a year earlier. The Miami- based company said it had net income of 59 cents per share. Perry Ellis expects full-year earnings in the range of $2.07 to $2.17 per share, with revenue in the range of $870 million to $880...

  • WASHINGTON, March 22- R. Alexander Acosta, tapped by President Donald Trump to head the U.S. Labor Department, will appear before a Senate panel on Wednesday morning for an initial hearing on how he would lead the agency. He was then appointed U.S. attorney for the Southern District of Florida, where he went after high-profile defendants such as Jack Abramoff and UBS,...

  • WASHINGTON— President Donald Trump's nominee to lead the Labor Department said Wednesday he won't allow potential political pressure from the administration to influence his hiring decisions and regrets he let that happen on his watch at the Justice Department. But Alexander Acosta, testifying before the Senate Health, Labor, Education and Pensions...

  • WASHINGTON— As FBI Director James Comey was in the hot seat, being grilled on Russia's interference in the 2016 election, the White House was busy trolling him on Twitter. The episode resulted in a real-time fact-checking of President Donald Trump by the FBI director— an unprecedented moment that put a sharp focus on a pattern of misstatements and...

  • *Britain follows U.S. lead, citing security concerns. WASHINGTON/ LONDON March 21- The United States and Britain on Tuesday imposed restrictions on carry-on electronic devices on planes coming from certain airports in Muslim-majority countries in the Middle East and North Africa in response to unspecified security threats. President Donald Trump was...

  • NEW YORK, March 21- Wells Fargo& Co will launch a new multi-channel ad campaign, its chief executive said on Tuesday, in a further sign of the bank's efforts to regain trust after a sales scandal last year caused a sharp drop in account openings. "For our team members and customers, we want to create a culture that's better every day," Chief Executive Officer Timothy...

  • NEW YORK, March 21- Wells Fargo& Co will launch a new multi-channel ad campaign, its chief executive said on Tuesday, in a further sign of the bank's efforts to regain trust after a sales scandal last year caused a sharp drop in account openings. "For our team members and customers, we want to create a culture that's better every day," Chief Executive Officer Timothy...

  • NEW YORK— Wells Fargo plans to upgrade all 13,000 of its ATMs next week to allow customers to access their funds using their cellphones instead of traditional bank cards. The announcement was made by Wells Fargo CEO Tim Sloan on Tuesday at an employee town hall in Orlando. To access their money, customers would get unique eight-digit codes from their Wells Fargo...

  • TALLAHASSEE, Fla.— A small, all-natural dairy isn't being deceptive when it calls its skim milk "skim milk," a federal appeals court has ruled— a victory for a Florida creamery that fought the state's demand to label the product "imitation" because vitamins aren't added to it. The ruling overturns a decision last March when a federal judge sided with the Florida...

  • Lennar's shares were down 3.2 percent at $50.97 in morning trading on Tuesday. Gross margin fell to 21.1 percent in the quarter ended Feb. 28 from 22.7 percent a year earlier, the company said. "In this environment of accelerating sales pace, together with limited land and labor, and tight inventory particularly at the lower price points, we believe we are...

  • NAPLES, Fla. _ Beasley Broadcast Group Inc. on Tuesday reported fourth-quarter profit of $41.5 million. The Naples, Florida- based company said it had profit of $1.57 per share. For the year, the company reported profit of $47.5 million, or $1.98 per share.

  • "Results were supported by an improving macroeconomic environment following last year's election," Chief Executive Stuart Miller said on Tuesday. President Donald Trump's promises of tax cuts, infrastructure spending and simpler regulations have raised expectations for strong economic growth, boosting prospects for sectors such as banks and real...

  • MIAMI _ Lennar Corp. on Tuesday reported fiscal first-quarter net income of $130.8 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share. Five analysts surveyed by Zacks expected $2.17 billion.

  • CAIRO— The Latest developments related to the U.S. government move to bar passengers in eight Muslim-majority countries from bringing laptops and other electronics onboard direct flights to the United States:. Royal Jordanian flies from the Jordanian capital of Amman to New York, Chicago and Detroit. The official says Middle East Airlines, Lebanon's...

  • The ruling overturns a decision last March when a federal judge sided with the Florida Department of Agriculture, which said the Ocheesee Creamery couldn't label it's skim milk "skim milk" because the state defines the product as skim milk with Vitamin A added. The Institute for Justice is representing Ocheesee Creamery owner Mary Lou Wesselhoeft in the...