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Top News & Analysis Florida

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  • HAMPTON, N.H., Sept 3- Jeb Bush will lay out a tax plan next week aimed at lowering corporate and personal tax rates and giving the U.S. economy a jolt, the Republican presidential candidate said on Thursday. Companies keep those funds overseas to avoid having it taxed twice, in the country in which they are doing business and again when brought back to the United...

  • NEW YORK, Sept 3- Los Angeles has dropped a lawsuit accusing JPMorgan Chase, the largest U.S. bank, of discriminatory mortgage lending, ending the first of the city's four lawsuits accusing major banks of driving up foreclosures among minority borrowers. Los Angeles is still pursuing similar complaints against Bank of America, Wells Fargo& Co and Citigroup Inc..

  • OKLAHOMA CITY— The United States should end its ban on crude-oil exports and reduce federal regulations that are stifling an energy industry central to the nation's future economic prosperity, U.S. Marco Rubio said Wednesday to a friendly group of mostly oil and natural gas producers. The GOP presidential hopeful from Florida unveiled some highlights of his...

  • Sept 2- Wal-Mart Stores Inc said it would reopen in late October to early November five U.S. stores whose closure had prompted a union to file a complaint with the National Labor Relations Board claiming retaliation against workers for organizing. Wal-Mart announced the store closures in April to fix plumbing and other repair issues. In the complaint the UFCW...

  • The retailer will start hiring workers for the stores in Texas, Oklahoma, Florida and California, and would encourage previous employees and those that had transferred to other stores to apply, company spokesman Lorenzo Lopez said.

  • *Ambarella falls as Q3 revenue forecast misses expectations. *Navistar falls on possibility of SEC lawsuit. Sept 2- U.S. stock futures pared some gains on Wednesday, but kept Wall Street on track to open higher, after weaker-than-expected private U.S. jobs data, raising the odds that the Federal Reserve would not raise interest rates this month.

  • The 20- story tall rocket, manufactured and launched by United Launch Alliance, a joint venture of Lockheed Martin Corp. and Boeing Co., lifted off from Cape Canaveral Air Force Station at 6:18 a.m. EDT/ 1018 GMT. The MUOS network will supplement and eventually replace the Navy's Ultra High Frequency Follow-On satellite system to provide 16 times more...

  • CAPE CANAVERAL, Fla. Sept 1- Jeff Bezos' space transportation company, Blue Origin, won another round of incentives on Tuesday to build and fly rockets near NASA's Kennedy Space Center in Florida. Commissioners in Brevard County, home of the space center, approved by a 4 to 1 vote adding an $8 million grant for the project, bringing the total value of state, regional and...

  • WASHINGTON, Sept 1- Senate Majority Leader Mitch McConnell undercut threats by fellow Republicans to hold the budget process hostage in an effort to defund Planned Parenthood, saying conservatives do not have enough support in Congress to cut off the group, which is under fire from abortion opponents. Republicans have threatened to push for cutting off the...

  • CAPE CANAVERAL, Florida, Sept 1- Jeff Bezos' space transportation company, Blue Origin, won another round of incentives on Tuesday to build and fly rockets near NASA's Kennedy Space Center in Florida. Commissioners in Brevard County, home of the space center, approved by a 4 to 1 vote adding an $8 million grant for the project, bringing the total value of state,...

  • Sept 1- A federal appeals court on Tuesday revived three lawsuits in which the City of Miami accused Wells Fargo& Co, Bank of America Corp and Citigroup Inc of predatory mortgage lending to black and Hispanic borrowers. District Judge William Dimitrouleas in Fort Lauderdale, Florida dismissed Miami's lawsuits. "It is clear that the harm the city claims to have...

  • Sept 1- A federal appeals court on Tuesday revived three lawsuits in which the City of Miami accused Bank of America Corp, Citigroup Inc and Wells Fargo& Co of violating the federal Fair Housing Act by engaging in predatory lending. The 11th U.S. Circuit Court of Appeals said a lower court judge applied too stringent a standard in dismissing the city's claims.

  • CARSON CITY, Nev.— Republican presidential hopeful Marco Rubio says the U.S. doesn't need a federal Education Department, arguing that its recommendations to state and local governments often turn into mandates tied to money. The Florida senator made the comments Tuesday during a town hall meeting in Carson City. Democrats pointed out that Rubio's expensive...

  • "We're taking more time than we originally envisioned, but I don't think any one of our customers wants us to race to the cliff and fail again," SpaceX President Gwynne Shotwell said at a webcast panel discussion at the AIAA Space 2015 conference in Pasadena, California. The accident, along with the failed Oct. 28 launch of an Orbital ATK Antares rocket, has left NASA...

  • *China concerns fuel safe-haven bids. NEW YORK, Aug 31- U.S. safe-haven Treasuries prices rose on Monday on continued concerns over China and emerging market economies, while month-end buying gave longer-dated Treasuries prices a greater boost. "The concerns about instability in the emerging markets, specifically China, will maintain that flight-to-quality...

  • CHARLESTON, S.C.— If there was ever a week for the Republican presidential candidates to talk tough on China, this was it. It's rhetoric that doesn't always square with the realities of the relationship between the world's two largest economies, said experts on America's ties with China, even if it does make for nifty campaign sound bites. "When you're in the early...

  • NEW YORK— A former executive who was in charge of Subway's advertising says he wasn't aware of pitchman Jared Fogle's criminal sexual conduct with minors. Jeff Moody, who was CEO of the Subway Franchisee Advertising Fund Trust, said in a statement Friday that he was "shocked" to learn of the "deplorable criminal sexual behavior with minors" to which Fogle has agreed...

  • CHARLESTON, S.C.— If there was ever a week for the Republican presidential candidates to talk tough on China, this was it: Spurred by the stock market's wild ride, they lashed out at the world's most populous nation. It's rhetoric that doesn't always square with the realities of the relationship between the world's two largest economies, said experts on America's...

  • *Refinery outages, Yemen tensions and storm watch fuel gains. NEW YORK, Aug 28- World oil prices roared back to $50 a barrel in the second day of a frenetic short-covering rally on Friday, with violence in Yemen, a storm in the Gulf and refinery outages helping extend the biggest two-day rally in six years. Warplanes from a Saudi-led coalition killed 10 people in air...

  • NEW YORK, Aug 28- A Florida man accused of running an unlicensed bitcoin exchange and who is among five defendants linked to last summer's massive data breach at JPMorgan Chase& Co is in talks to resolve his criminal case, according to court papers filed Friday. Should a plea deal be reached, it could be a breakthrough for authorities investigating the hacking of...