Top News & Analysis Florida

More

  • NEW YORK, May 19- In the month since Prince died and his heirs began wrangling over his estimated $300- plus million estate, many Americans have moved "draft a will"- arguably one of life's most unpleasant tasks- to the top of their to-do lists. Since then, Nolo.com, a legal information site, saw a 24 percent spike in sales for its downloadable WillMaker service, 42 percent...

  • NEW YORK, May 19- Toronto-Dominion Bank's TD Bank NA said on Thursday it has decided to retire its Penny Arcade coin-counting machines in the wake of reports that they were short-changing customers. In one case, filed in New York state court in Manhattan last month, New Yorker Jeffrey Feinman said the machines once gave him a receipt for $25.44 when he deposited...

  • In a 2-1 decision on Thursday, the 2nd U.S. Circuit Court of Appeals said the FDIC did not wait too long to sue Credit Suisse Group AG, First Horizon National Corp, Royal Bank of Scotland Group Plc, Wells Fargo& Co and seven other banks for selling or underwriting toxic mortgage securities that Colonial bought. Banks have agreed to pay tens of billions of dollars to...

  • HUDSON FALLS, N.Y.— Demolition is set to begin on a nearly 65- year-old building at a former General Electric Co. manufacturing site along the upper Hudson River. A spokeswoman for Fairfield, Connecticut- based GE tells The Post-Star of Glens Falls that demolition of the three-story building will begin by the end of the month. The building, which opened in 1952, is...

  • JACKSONVILLE, Fla. _ Stein Mart Inc. on Thursday reported fiscal first-quarter profit of $13.7 million. Stein Mart shares have declined 15 percent since the beginning of the year. Keywords: Stein Mart, Earnings Report.

  • MIAMI _ Perry Ellis International Inc. on Thursday reported fiscal first-quarter profit of $14.3 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 88 cents per share. Three analysts surveyed by Zacks expected $258.4 million.

  • May 19- Real estate investment trust Sovran Self Storage Inc said it had agreed to buy privately owned self storage operator LifeStorage LP for about $1.3 billion in cash to enter markets including northern California, Las Vegas and Nevada. Wells Fargo Securities LLC and SunTrust Robinson Humphrey are Sovran's financial advisers for the deal, while Phillips...

  • In his 104- page public financial disclosure report, the presumptive Republican nominee reported holding investments in companies like Ford Motor Co., Apple Inc. and the parent company of the maker of Oreo cookies— all businesses that he's assailed for outsourcing or, in Apple's case, not agreeing to crack into iPhones for police or federal law enforcement in...

  • WASHINGTON, May 18- The U.S. House of Representatives passed a bill on Wednesday to provide $622.1 million to control the spread of the Zika virus, far below President Barack Obama's request and lower than Senate legislation. The bill passed the Republican-controlled House 241 to 184, largely along party lines, and sets up a confrontation with both the...

  • WASHINGTON, May 18- The U.S. House of Representatives passed a bill on Wednesday to provide $622.1 million to control the spread of the Zika virus, far below President Barack Obama's request and lower than Senate legislation. The bill passed the Republican-controlled House 241 to 184, largely along party lines, and sets up a confrontation with both the...

  • MIAMI _ Globe Specialty Metals Inc. on Wednesday reported a fiscal third-quarter loss of $25.7 million, after reporting a profit in the same period a year earlier. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share. This story was generated by Automated Insights using data from Zacks Investment...

  • SACRAMENTO, Calif.— Frontier Communications blamed its takeover of another company for widespread phone, internet and television service outages in California, Texas and Florida at a legislative hearing Wednesday, saying Frontier inherited corrupt data in its $10.5 billion acquisition of certain Verizon businesses last month. Frontier West Region...

  • NEW YORK, May 18- General Electric Co expects to hit its 2016 earnings targets despite tough conditions in its oil and gas business, lower industrial margins and slower revenue growth, Chief Executive Jeff Immelt said on Wednesday. Immelt affirmed the diversified industrial company's target of $1.45 to $1.55 per share this year in a presentation at the...

  • WASHINGTON— Industry regulators have fined Raymond James $17 million, accusing the financial services firm of widespread failures in its controls against money laundering. FINRA said that Raymond James failed over several years to detect suspicious activity in client investment accounts and to report it to government authorities.

  • By a vote of 68-29, senators limited debate on the measure, paving the way for likely Senate approval this week. Unlike the Senate legislation, the House bill also requires that the $622.1 million be fully offset with spending cuts elsewhere. Republican Senator Roy Blunt from Missouri told reporters that the Senate measure "trimmed this package back to what...

  • NEW YORK— The government's new rules requiring overtime pay for millions of workers have small business owners facing some hard choices. The regulations being issued by the Labor Department Wednesday would double to $913 a week from $455 the threshold under which salaried workers must be paid overtime. In terms of annual pay, the threshold rises to $47,476...

  • WASHINGTON— Americans are of two minds about the economy in the midst of an election race that largely hinges on the issue. Just 42 percent of adults describe the U.S. economy as good, according to a survey released Wednesday by The Associated Press-NORC Center for Public Affairs Research. Some of the difference also reflects political views and education...

  • WASHINGTON— Donald Trump has told the government that his myriad businesses have flourished with rising revenues since his improbable political success, according to financial documents released Wednesday. The presumptive Republican presidential nominee said revenue at his businesses grew by $190 million over the past 17 months, and he had $557 million...

  • NEW YORK— Jack Ma, the head of Chinese e-commerce giant Alibaba, is withdrawing from an anti-counterfeiting convention in Florida just two days before he was scheduled to give the keynote speech. According to an investigation by The Associated Press, Barchiesi had stock in Alibaba Group Holding Ltd., had close ties to an Alibaba executive and had used family...

  • SHANGHAI, May 18- Alibaba Group Holding Ltd's chief Jack Ma has canceled a planned speech at an anti-counterfeiting conference in the United States after the trade group behind it suspended the e-commerce giant's recently gained membership. At least three members of the Washington- based International AntiCounterfeiting Coalition, including board...