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Top News & Analysis Florida


  • Oct 2- Real estate investment trust Javelin Mortgage Investment Corp priced its initial public offering at $20 per share but increased its size to 7.25 million shares, raising $145 million, an underwriter told Reuters. The Florida- based company plans to list its stock on the New York Stock Exchange under the symbol "JMI."

  • NEW YORK, October 02 Fitch Ratings affirms the following credit ratings of Highwoods Properties, Inc. and its operating partnership, Highwoods Realty Limited Partnership,: Highwoods Properties, Inc.-- Long-term IDR at' BBB-';-- Preferred stock at' BB'.

  • American says installation job caused seat snafu Tuesday, 2 Oct 2012 | 5:07 PM ET

    The first sign of trouble showed up last Wednesday, when crews noticed loose seats on a plane that had flown from Dallas-Fort Worth International Airport to Vail, Colo. The seats were tightened again that day in Boston. The same plane had to make an emergency landing Monday when seats came loose shortly after takeoff on a New York- to- Miami flight.

  • TEXT-Fitch cuts Tenet Healthcare notes to 'B-/RR5' Tuesday, 2 Oct 2012 | 5:03 PM ET

    Oct 2- Fitch Ratings has assigned the following ratings for Tenet Healthcare Corp.' s. The ratings apply to approximately $4.9 billion of debt at June 30, 2012.

  • *Orkin acquires portions of hulett environmental services. *Orkin says the transaction was for an undisclosed sum. *Orkin LLC- other Hulett branches in south Florida will remain with the Hulett.

  • US auto sales stay strong in September Tuesday, 2 Oct 2012 | 4:48 PM ET

    DETROIT-- Americans found plenty of reasons to buy new cars in September, making auto sales a bright spot in the economy for yet another month. Sales rose for most carmakers, led by big gains at Toyota, Honda and Volkswagen. Gas prices have jumped 14 percent since July 1, and hit $3.79 per gallon at the end of September, a record for that time of year.

  • Labor standoffs silence orchestras in Minn., Indy Tuesday, 2 Oct 2012 | 4:24 PM ET

    MINNEAPOLIS-- The Minnesota Orchestra was called the world's greatest not long ago, welcome recognition for musicians outside a top cultural center. In Minneapolis, the Minnesota Orchestra has already cancelled concerts through Nov. 25 as negotiators argue over a proposal to trim the average musicians' salary by $46,000 a year.

  • NEW YORK, Oct 2- A Florida fund manager admitted on Tuesday to tricking investors out of $13 million by falsely telling them he had put their money in coveted shares of Facebook Inc and Groupon Inc before the Internet companies went public.

  • Wade: No longer wearing Jordan Brand shoes Tuesday, 2 Oct 2012 | 3:39 PM ET

    MIAMI-- Dwyane Wade will not be wearing Jordan Brand sneakers and apparel. Wade said his time with Converse and Jordan has been an "unbelievable nine years." Wade made the switch from Converse to Jordan Brand in 2009. Both are owned by Nike Inc..

  • --We revised our outlook on Ocwen Loan Servicing LLC to stable as a residential mortgage subprime, special, and subordinate-lien servicer and affirmed our ABOVE AVERAGE rankings on the company in these categories.

  • Fla. man gets prison for NY investment fraud Tuesday, 2 Oct 2012 | 2:09 PM ET

    NEW YORK-- A Florida mutual fund executive on Tuesday admitted that he lied when he promised investors early shares in companies such as Facebook and Groupon and spent their money instead on a lavish lifestyle that included pricey cars and jewelry.

  • Home price changes in each state in August Tuesday, 2 Oct 2012 | 1:37 PM ET
  • Home price changes in 25 largest US metro areas Tuesday, 2 Oct 2012 | 1:04 PM ET
  • Romney's message may be losing its luster in NH Tuesday, 2 Oct 2012 | 11:27 AM ET

    BERLIN, N.H.-- Mitt Romney is a part-time resident of this tiny state, and his fiscally conservative, socially moderate tenure as governor of neighboring Massachusetts once seemed a good match for New Hampshire's independent and libertarian-leaning electorate.

  • 3rd American Airlines flight had seats come loose Tuesday, 2 Oct 2012 | 11:10 AM ET

    DALLAS-- American Airlines says passenger seats on a third flight came loose as the plane was airborne, and it's continuing to inspect other jets with similar seating. Separately an American flight on Tuesday from Chicago to London was diverted to Shannon Airport in Ireland after a report of smoke in the cabin.

  • Florida gets $9 million to study citrus disease Tuesday, 2 Oct 2012 | 10:58 AM ET

    ORLANDO, Fla.-- Florida is getting $9 million to study the citrus greening disease. The $9 million grant from the U.S. Department of Agriculture is going to the Citrus Research and Development Foundation in Lake Alfred, Fla.. By some estimates, it has cost Florida $3.6 billion in lost orange juice production and jobs.

  • Fla.'s pension fund underfunded by $19.2 billion Tuesday, 2 Oct 2012 | 10:49 AM ET

    TALLAHASSEE, Fla.-- Florida's massive retirement fund now has a $19.2 billion gap between the amount of money it has and the amount of money it needs to cover all current and future benefits. The size of the gap is still within a range considered healthy by many financial experts, but it could still fuel a political debate in the Florida Legislature.

  • OIR receives more than 100 filings on PIP changes Tuesday, 2 Oct 2012 | 10:27 AM ET

    TALLAHASSEE, Fla.-- Florida insurance regulators have announced they've received more than 100 filings from auto insurers doing business in the state and are expecting more by the close of business.

  • Sign of the times _ baseball autographs go hi tech Tuesday, 2 Oct 2012 | 9:46 AM ET

    Jim Nash is such a big Yankees fan that he named his son George Mattingly Nash, combining two of his favorite players: George Herman Ruth and Don Mattingly. Now, power up the computer and get a prize from the likes of R.A. Dickey, Cliff Lee, Andrew McCutchen and Clayton Kershaw.

  • Rough economy in clear view for Obama on the road Tuesday, 2 Oct 2012 | 9:40 AM ET

    HENDERSON, Nev.-- Sometimes all President Barack Obama has to do is look out the window to get a firsthand look at the country's economic woes. This week in this town, the presidential motorcade speeds past opulent homes lining manmade Lake Las Vegas as he heads to the sprawling luxury development where he's preparing for the upcoming debates with Mitt Romney.