FLORIDA

Mel Martinez to resign early from US senate

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Florida republican, Senator Mel Martinez, has decided to leave the senate permanently in the next few weeks following his earlier announcement that he would no longer be running for re-election in 2010.
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Colonial BancGroup faces criminal probe, FDIC action

Colonial BancGroup Inc said it faces a criminal probe by the U.S. Department of Justice related to accounting irregularities at its mortgage lending unit, and the struggling lender warned it may be put under receivership.
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Breakthrough deal announced in UBS tax dispute

The United States and Swiss bank UBS AG said on Friday they had agreed to settle a dispute over tax evasion and bank secrecy, heading off a showdown that had threatened relations between the two countries.
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Deal reached in UBS tax case

The United States and UBS AG have reached an agreement in principle to settle their dispute over U.S. demands for the names of thousands of wealthy Americans suspected of using the Swiss bank to evade taxes, a U.S. Justice Department attorney said on Friday.
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U.S. clinches deal in UBS tax case

U.S. Secretary of State Hillary Clinton said on Friday there had been an agreement in principle with Switzerland over a tax case involving Swiss bank UBS .
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U.S. and UBS reach deal in tax case

The United States and UBS AG have reached an agreement in principle to settle their dispute over U.S. demands for the names of thousands of wealthy Americans suspected of using the Swiss bank to evade taxes, a U.S. Justice Department attorney said on Friday.
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Summer camp flu outbreaks presage fall surge: CDC

Outbreaks of the H1N1 flu among children attending U.S. summer camps presage a surge in cases this fall as students return to school, an official at the U.S. Centers for Disease Control and Prevention warned on Wednesday.
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Unemployment spreads distress in U.S. home loans

Cities in the U.S. Sun Belt states of California, Florida, Nevada and Arizona dominated the record foreclosure spree in the first half of the year, but distress in other regions emerged as joblessness spread, RealtyTrac said on Thursday.
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Welcome to Florida Keys

Welcome to the Florida Keys, a string of islands, which when connected by route US 1, provide passage to the southernmost point in the United States.
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U.S. government says no deal yet in UBS tax case

The United States said on Wednesday no deal had been reached so far in talks to settle a tax evasion dispute with UBS AG and it expected a trial against the Swiss bank to go ahead as scheduled on Monday.
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U.S. housing turning corner but consumer mood darkens

U.S. home prices rose in May for the first time in three years, the latest sign suggesting the battered housing market is stabilizing, but a weakening job market hit consumer confidence in July and could prevent near-term economic recovery.
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Office Depot loss widens; shares drop

Office Depot Inc reported a bigger-than-expected quarterly loss on Tuesday as the recession weighed on sales at the No. 2 U.S. office supplies retailer, and its shares fell 13 percent.
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Flight grounded by coffee maker aroma

The electrical smell that caused a Southwest Airlines flight to make an unexpected landing Sunday was caused by a coffee maker in the back of the aircraft, a company spokesman said on Monday.

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