One small Florida town is buzzing over its newest millionaire, reports NBC's Kerry Sanders.» Read More
HONOLULU, May 25- The city of Detroit may be facing a deepening financial crisis but that hasn't stopped four trustees of its public pension funds from spending $22,000 of retirement system funds to attend a conference in Hawaii this week.
The FDA said full clinical information about the patients is still being gathered, but it suggested some of the problems were infections and that "at least one of these infections appears to be fungal in nature." The FDA has since stepped up its oversight of pharmacies that compound drugs tailored to specific patient needs.
EAST HAMPTON, N.Y.-- This may be hard to believe in the aftermath of Superstorm Sandy, but an annual list of the best beaches in the country has a New York beach ranked No. 1.. Less surprisingly, that beach is in East Hampton, the vacation playground for the rich and famous.
*China second to U.S. in 2012 luxury retail growth. *Top brands expanding across the United States. Ephraim is the kind of man who gives luxury goods makers high hopes that the U.S. market can fuel future growth, as China runs out of steam and demand in Europe sags.
Jan Brewer's push to expand Medicaid received an obscene and threatening voicemail at her office, a sign that the rancorous debate over embracing a signature component of President Barack Obama's health care overhaul in the state is far from over.
After years of resistance and internal debate, the Boy Scouts has decided to admit openly gay youths as members.
New census estimates show that most of the nation's largest cities further enhanced their allure last year, posting strong population growth for a second straight year.
NEW YORK, May 23- Belgian grocer Delhaize is looking to sell two of its U.S. businesses as it continues to cut costs in the region, according to two sources familiar with the matter. The Food Lion parent has hired Lazard Ltd to sell its Harveys and Sweetbay supermarket businesses, the sources said.
TAMPA, Fla.-- Bloomin' Brands Inc., the parent company of Outback Steakhouse, Carrabba's Italian Grill and Bonefish Grill, on Thursday priced its secondary offering of 19 million shares of its stock at $21.50 per share. Bloomin' Brands will not receive any proceeds from the offering. Bloomin' Brands, based in Tampa, Fla., said the offering is expected to close May 29.
MIAMI-- Perry Ellis' fiscal first-quarter net income climbed 17 percent thanks in part to the sale of some assets. The company still topped Wall Street profit predictions even with those asset sales removed, but revenue fell just shy. The Miami clothing company earned $11.3 million, or 74 cents per share, for the three months ended May 4.
*Texas firm wins NASA study contract. With support from NASA, the firm, Systems and Materials Research Corp of Austin, intends to design, build and test a food printer that can work in space. "The 3- D printing system will provide hot and quick food in addition to personalized nutrition, flavor and taste," the company wrote in its proposal to NASA.
ORLANDO, Fla.-- Seaworld Entertainment Inc. on Wednesday said its first-quarter loss narrowed by nearly 11 percent thanks to a 12 percent jump in revenue. The theme park operator, best known for its water shows featuring killer whales and dolphins, posted a net loss of $40.4 million, or 49 cents per share, for the first three months of the year.
ATLANTIC CITY, N.J.-- Atlantic City's casinos saw their gross operating profits plunge by more than 63 percent in the first three months of this year.
The city settled without admitting or denying the SEC allegations. Because the city loaned proceeds from the first offering to a private developer and restructured a lease agreement related to the parking structure before the second sale, it put the tax-exempt status of both bond deals in jeopardy, the SEC said.
May 22- No. 2 home improvement chain Lowe's Cos Inc reassured investors that sales trends improved significantly in April and May after seeing a weak start to the spring selling season. Like its larger rival Home Depot Inc, Lowe's said it was seeing strong sales to contractors.
NEW YORK-- Shares of Dycom Industries Inc. rose to a 14- month high Wednesday after the telecommunications contractor posted better-than-expected results for its fiscal third-quarter and issued a strong guidance for the current period.
TALLAHASSEE, Fla.-- In just two-and-a-half years Florida Gov. Scott arrived early Tuesday in the South American country of Chile as part of a trade mission with more than 100 people, including top officials from the state's ports and leaders of companies such as Florida Power& Light.
CNBC has been ranking all 50 states for competitiveness since 2007. This year's report comes as states continue to get back in fighting shape—fighting for jobs, that is.
HORSHAM, Pa.-- Toll Brothers' second-quarter earnings jumped 46 percent as a rebounding economy and low interest rates drove sales at the luxury home builder. The Horsham, Pa., company said the average price of homes delivered climbed 3.6 percent in the quarter to $577,000 compared with last year.
May 22- When it comes to managing credit, American women have a slight edge over men, according to a study of credit reports by the credit report agency Experian Plc. Experian looked at 750,000 credit reports, a sample of what it collected nationwide, and found that while women earn 23 percent less than men, they know how to handle debt.