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Top News & Analysis Florida

  • CARLETON, Mich., July 7- Two lanes apart at a noisy, fast-paced auto auction near Detroit, two vehicles show why major U.S. automakers have a problem with used cars. In one lane of the Manheim auction facility, a black 2015 Chevy Malibu sedan with barely 20,000 miles on it sold for just over $13,000, less than half its original sticker price. In the other lane, a white 2013...

  • Trump has said he wants to find ways to work with Putin, a goal made more difficult by sharp differences over Russia's actions in Syria and Ukraine, and allegations Moscow meddled in the 2016 U.S. presidential election. Trump, who has angered world leaders with his decision to pull the United States out of the Paris accord on climate change, will likely have to leave...

  • July 6- The energy unit of Warren Buffett's Berkshire Hathaway Inc is nearing a roughly $18 billion deal to acquire Oncor Electric Delivery Company LLC, people familiar with the matter said, three years after the utility's parent entered bankruptcy. The deal is a bold bet by Buffett that he can win approval for the acquisition from Texas regulators, after they...

  • July 6- The energy unit of Warren Buffett's Berkshire Hathaway Inc is nearing a deal to acquire Oncor Electric Delivery Company LLC, allowing the utility to exit a three-year bankruptcy, according to people familiar with the matter. It also represents a return to a previously soured investment for Buffet, who in 2013 lost $873 million on his bonds in Oncor's...

  • July 6- Liberty Interactive Corp said it would buy the remaining 62 percent of HSN Inc it does not already own in a deal that values the TV shopping network at $2.1 billion. HSN shareholders will receive 1.65 shares of Series A QVC Group stock for every share held, Liberty Interactive said. HSN will be overseen by QVC Chief Executive Mike George and will remain...

  • NEW YORK, July 4- A new fund led by Greystar Real Estate Partners, the largest operator of apartments in the United States, will acquire luxury U.S. apartment developer Monogram Residential Trust Inc in a deal valued at about $3 billion, the companies said on Tuesday. Plano, Texas- based Monogram owns, operates and develops luxury apartment communities in coastal...

  • NEW YORK, July 4- A new fund led by Greystar Real Estate Partners will acquire luxury U.S. apartment developer Monogram Residential Trust Inc in a deal valued at about $3 billion, the companies said on Tuesday. Monogram owns, operates and develops luxury apartment communities in coastal markets including South Florida and Boston. The new fund led by Greystar,...

  • *Nike shares surge 11 percent after Amazon program. *Nasdaq dips but posts best 1st- half since 2009. June 30- Major U.S. stock indexes ended a volatile week on a modestly high note on Friday, led by a surge in Nike shares, and the S&P 500 scored its biggest gain for the first half of the year since 2013 while the Nasdaq Composite's first-half gain was its best in eight years.

  • *Nike shares surge after results, Amazon program. *Nasdaq dips as biotechs decline. June 30- Major U.S. stock indexes on Friday ended a volatile week on a modestly high note, boosted by Nike's well-received quarterly report, with the S&P 500 tallying its best first half of the year since 2013..

  • CAPE CANAVERAL, Fla Reuters- United Launch Alliance, a partnership of Lockheed Martin Corp and Boeing Co, for the first time beat Elon Musk's SpaceX in competition for an Air Force satellite launch, both launch companies said on Friday. The contract value is $191,141,581, the Air Force said. United Launch Alliance, which previously had a monopoly on launches, has...

  • BEIJING, June 30- China urged the United States to revoke immediately its "wrong decision" to sell Taiwan $1.42 billion worth of arms, saying it contradicted a "consensus" President Xi Jinping reached with his counterpart, Donald Trump, in talks in April in Florida. The sales would send a very wrong message to " Taiwan independence" forces, China's embassy in...

  • BEIJING, June 30- China urged the United States to revoke immediately its "wrong decision" to sell Taiwan $1.42 billion worth of arms, saying it contradicted a "consensus" President Xi Jinping reached with his counterpart, Donald Trump, in talks in April in Florida. The sale would send a very wrong message to " Taiwan independence" forces, China's embassy in Washington...

  • WASHINGTON, June 29- The United States plans to sell Taiwan $1.42 billion in arms, the first such sale under the administration of Donald Trump and a move sure to anger China, whose help the president has been seeking to rein in North Korea. "support for Taiwan's ability to maintain a sufficient self-defense capability," but there was no change to the United States'...

  • Nonetheless, the blog's authors concluded that liquidity remained resilient after examining the effects of the 2013 "taper tantrum" in the Treasury market, the Oct. 15, 2014 "flash rally" in the Treasury market and the liquidation of the Third Avenue's high-yield bond fund in December 2015. "We find that dealer balance sheets have continued to stagnate and that...

  • June 28- Southwest Airlines Co said it would reduce the number of flights to Cuba, joining other U.S. airlines, as President Donald Trump's Cuba policy continues to restrict Americans traveling to the country. The airline will stop flying to Varadero and Santa Clara in Cuba on Sept. 4 and has applied with the U.S. Department of Transportation for another daily...

  • WASHINGTON, June 27- President Donald Trump is growing increasingly frustrated with China over its inaction on North Korea and bilateral trade issues and is now considering possible trade actions against Beijing, three senior administration officials told Reuters. The officials said Trump was looking at options including tariffs on steel imports, which...

  • WASHINGTON, June 27- President Donald Trump is growing increasingly frustrated with China over its inaction on North Korea and bilateral trade issues and is now considering possible trade actions against Beijing, three senior administration officials told Reuters. The officials said Trump was looking at options including tariffs on steel imports, which...

  • June 27- Linde AG's Lincare unit has agreed to pay $20 million to resolve a whistleblower lawsuit accusing the company of fraudulently billing the U.S. government for oxygen and respiratory care equipment. The accord, confirmed by the U.S. Attorney's Office in Massachusetts, will resolve a lawsuit filed under the False Claims Act by former employees of the...

  • CAPE CANAVERAL, Fla., June 27- SpaceX wants to expand facilities in Florida to refurbish and store its reusable rocket boosters as it increases the pace of launches, documents filed with authorities show. The privately owned rocket company, operated by entrepreneur Elon Musk, proposes building a 67,222- square-foot hangar just south of its Cape Canaveral...

  • WASHINGTON, June 27- President Donald Trump is growing increasingly frustrated with China over its inaction on North Korea and bilateral trade issues and is now considering possible trade actions against Beijing, three senior administration officials told Reuters. The officials said Trump was impatient with China and was looking at a range of options,...