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Top News & Analysis Florida

  • President Donald Trump's now-defunct Trump University formally said on Monday she would appeal a federal judge's approval of the $25 million settlement of three fraud lawsuits over the real estate seminars. Sherri Simpson, of Fort Lauderdale, Florida, who paid $19,000 to learn Trump's investing secrets in 2010, filed a notice of appeal seeking to take Trump...

  • WASHINGTON, May 1- The U.S. Supreme Court on Monday ruled that cities may sue banks over predatory mortgage lending to minorities that harms municipal finances, but cast doubt on whether such cases can succeed by throwing out a lower court decision that had allowed litigation brought by Miami to move forward. The Supreme Court ruling also affects a related case...

  • WASHINGTON, May 1- The U.S. Supreme Court on Monday threw out a lower court ruling that had given Miami the green light to pursue lawsuits accusing major banks of predatory mortgage lending to black and Hispanic home buyers, but gave the city another chance to argue its case. The court ruled 8-0 in tossing out a ruling in favor of Miami by the Atlanta- based 11th U.S....

  • WASHINGTON, May 1- The U.S. Supreme Court on Monday threw out a lower court ruling that had given Miami the green light to pursue lawsuits accusing major banks of predatory mortgage lending to black and Hispanic home buyers, but gave the city another chance to argue its case. The court ruled 8-0 in tossing out the ruling in favor of Miami by the Atlanta- based 11th U.S....

  • WASHINGTON, May 1- The U.S. Supreme Court on Monday threw out a lower court ruling that had given Miami the green light to pursue lawsuits accusing major banks of predatory mortgage lending to black and Hispanic home buyers, but gave the city another chance to argue its case. The court ruled 8-0 in tossing out the ruling in favor of Miami by the Atlanta- based 11th U.S....

  • CAPE CANAVERAL, Fla., May 1- A SpaceX Falcon 9 rocket lifted off from Florida on Monday, carrying the company's first satellite for the U.S. military, and breaking a 10- year monopoly held by a partnership of Lockheed Martin and Boeing. Musk battled for years to break the monopoly on the military's launch business held by United Launch Alliance, a partnership of...

  • First NBC was closed by the Louisiana Office of Financial Institutions, which appointed the Federal Deposit Insurance Corporation as the receiver. The regulator said Gulfport, Mississippi- based Whitney Bank would assume all of First NBC's transactional deposits and branches. Whitney Bank will reopen 24 branches of First NBC in Louisiana and five branches...

  • BOSTON, April 28- The Massachusetts attorney general sued a unit of Ocwen Financial Corp on Friday, accusing the mortgage servicing company of engaging in abusive practices that harmed thousands of homeowners in the state. The lawsuit, filed in Suffolk County Superior Court, came a week after the U.S. Consumer Financial Protection Bureau, the Florida attorney...

  • Q1 GDP comes out weaker than expected. *U.S. core PCE, an inflation gauge, is at 2 percent. NEW YORK, April 28- U.S.

  • WASHINGTON, April 28- Tiffany Cartagena said she was eating with her mixed-race girlfriend at a restaurant in Ohio last month when she heard nearby diners remark about the "monkey" at the next table. As Trump nears his 100th day in the White House after a campaign punctuated by his inflammatory comments about Muslims and immigrants, a number of Americans say U.S....

  • WASHINGTON, April 27- R. Alexander Acosta was confirmed on Thursday by the U.S. Senate to head the Labor Department, making him the first Hispanic member of President Donald Trump's cabinet. The Senate confirmed Acosta by a 60-38 vote. Acosta had served as a law clerk to Samuel Alito from 1994 to 1995, when the conservative Supreme Court justice was a judge at the 3rd...

  • WASHINGTON, April 27- R. Alexander Acosta was confirmed on Thursday by the U.S. Senate to head the Labor Department. Acosta, a former member of the National Labor Relations Board and dean of the Florida International University College of Law in Miami, was nominated in mid-February by President Donald Trump to be labor secretary. The Senate confirmed Acosta by a...

  • Since inauguration day on Jan. 20, top executives from at least 186 companies have visited with Trump or senior advisers at the White House or on presidential trips, including those to Mar-a-Lago, the private, seaside Florida club where he spends many weekends. But Reuters analyzed more than 900 White House press pool reports to give the first big picture view,...

  • CHICAGO, April 27- At least 10 major U.S. airports say their rules prevent security officers from physically removing passengers from airplanes unless a crime is committed, meaning they would normally avoid incidents such as the one involving the passenger dragged off a United Airlines flight in Chicago. Officials at 10 of the busiest U.S. airports- in Atlanta,...

  • WASHINGTON, April 26- President Donald Trump unveiled a one-page plan on Wednesday proposing deep U.S. tax cuts, many for businesses, that would make the federal deficit balloon if enacted, drawing a cautious welcome from fiscal conservatives and financial markets. Only Congress can make major tax law changes, and Democrats immediately attacked the...

  • CARACAS, April 26- Demonstrators injured in Venezuela's often violent street protests are facing additional hardship: how to get treatment in a crisis-hit country where basics like antibiotics and painkillers are running short. Venezuela's state prosecutor says 437 people were hurt in nearly a month of protests against leftist President Nicolas Maduro,...

  • BOSTON/ PONTE VEDRA BEACH, Fla., April 25- Wells Fargo& Co's directors face an unusual and difficult task after shareholders rebuffed most of them: reformulating the board in a way that satisfies investors without causing more chaos. Chairman Stephen Sanger said no directors will step down immediately, even after a dozen fell short of a traditional threshold of...

  • SAO PAULO, April 25- Embraer SA has signed a partnership with Uber Technologies Inc to develop and implement small electric vehicles with vertical takeoff and landing capabilities, the Brazilian planemaker said on Tuesday. The partnership stems from Embraer's newly-established innovation center based in Melbourne, Florida, according to a securities...

  • DUBAI, April 25- Emirates signaled on Tuesday that its U.S. expansion plans were on hold until demand recovers from a slowdown that the airline has blamed on President Donald Trump's travel restrictions. The Dubai- based carrier announced last week it would reduce flights to five U.S. cities from May following a "significant deterioration" in demand.

  • NEW YORK, April 25- A brief, noisy protest by drum-beating young adults at Citigroup's annual shareholder meeting on Tuesday evolved into an orderly exchange between an older tribal woman and the bank's two top executives, who conceded it had approved investments in a North Dakota pipeline too quickly. "We wish we could have a do-over on this," Chairman Mike...