Result Page 249 for Florida news & latest pictures from ibtimes.com

Oil slips after tipping new peak over $82

Oil slipped on Wednesday after setting a record high above $82 a barrel, with dealers eyeing a diminishing storm threat to oil rigs in the Gulf of Mexico.

Deluge of mortgage interest rate resets ahead

Many less creditworthy borrowers may lose their homes when interest rates on a flood of adjustable-rate subprime mortgages reset next month.

Billionaire Lewis buys Bear Stearns stake

Joseph C. Lewis, who became a billionaire trading currencies, has taken a 7 percent stake in Bear Stearns Cos Inc, snapping up about $860 million worth of the investment bank's stock over the past two months. He became one of the company's biggest shareholders, if not the largest. Shares shot up more than 3 percent.

RBC Centura to buy Alabama National for $1.6 bln

Royal Bank of Canada subsidiary RBC Centura Inc said on Thursday it has agreed to acquire Alabama National BanCorporation in a deal valued at $1.6 billion.

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July foreclosures up 93 percent vs year ago: survey

Home foreclosures rose 9 percent in July from June and soared 93 percent from a year ago as states that once enjoyed a white-hot housing market are now seeing the greatest number of loan failures, a real estate survey reported on Tuesday.

Suit seeks to force Mattel to pay for lead testing

Toy maker Mattel Inc was sued on Monday in an attempt to force it to set up a fund to pay for testing children who may have been exposed to lead poisoning from its toys, according to a Los Angeles-based attorney.

Florida property market turns cold

Phone books that were delivered but never opened rot away next to empty driveways and overgrown lawns, telltale signs that once-booming southwest Florida is now the center of the U.S. housing storm.

Wall St's silver-hair set takes sell-off in stride

The last time the U.S. markets experienced such wild swings as they have in the past week, Wall Street warriors in their 20s and 30s were trading baseball cards and lunchbox snacks, not stocks and bonds.

Mortgage delinquencies, defaults spreading: AIG

American International Group, one of the biggest U.S. mortgage lenders, warned on Thursday that mortgage defaults are spreading.

Manufacturing growth rate slows; fewer private jobs

Manufacturing grew at a slower rate in July as a drop in new orders spawned caution among factory managers, and U.S. private employers probably added jobs last month at their slowest rate in four years, according to two reports on Wednesday.

Hotels hop as time share takes off

Hotel occupancy is down in some top vacation spots, not through lack of visitors, but because more travelers are investing in permanent options such as property and time shares in places they love.

Mini Power Plants

Florida has plenty of sunshine to power rooftop solar panels but utilities say they won't be cost effective.

Home foreclosures drop in June

U.S. home foreclosures fell in June after jumping to a 30-month peak in May, but default rates will escalate as a horde of mortgages resets at higher loan rates, real estate data firm RealtyTrac said on Thursday.

Macquarie funds buy Global Tower in $1.4 bln deal

Global Tower Partners, a U.S. wireless tower operator, is to be bought by a consortium of infrastructure funds managed by members of Australia's Macquarie Group in a deal valued at $1.4 billion.

Curious gadget fans smash, dissect iPhones

It took Apple Inc. more than six months to build the iPhone but curious gadget fanatics needed only minutes to tear one apart.

Female ex-employees sue KBR, Hallburton: report

KBR Inc. and its former corporate parent Halliburton Co. have been sued by four women claiming they suffered sexual harassment and, in two cases rape, by co-workers while working for KBR in Iraq, the Houston Chronicle reported on its website Friday.

Office Depot shares off on sales warning

Shares of Office Depot Inc. fell nearly 5 percent on Friday, a day after the office supplies retailer said a soft U.S. economy will hurt its domestic sales and quarterly earnings.

Finance: Two homes can compound tax woes

If you're lucky enough to own two homes, you may have recently packed up and moved to your summer residence. That's nice, but it can have tax consequences that are anything but a day at the beach.

May consumer prices rise but core prices tame

Reports showing a moderate rise in a key U.S. inflation gauge and continued manufacturing gains helped fire investor optimism on Friday, despite signs consumers' spirits were dampened by higher gasoline prices.

Yahoo shareholder vote challenges board

A strong minority of Yahoo Inc. shareholders challenged the Web company's direction on Tuesday by voting against board-nominated directors at the annual meeting, and investors confronted Chief Executive Terry Semel.

Dollar rises vs euro for fifth straight session

The dollar rallied against the euro for the fifth consecutive session on Tuesday to an 11-week high, according to Reuters data, as rising U.S. Treasury yields lured investors.

Yahoo Investors Challenge Board, CEO

A strong minority of Yahoo shareholders challenged the Web company's direction on Tuesday by voting against board-nominated directors at the annual meeting, and investors confronted Chief Executive Terry Semel.

Japan Fruit Juice Prices Rising on Hurricanes, Biofuel

Prices for pure fruit juice in Japan are increasing due to strong demand for biofuel and hurricanes in the U.S., according to industry officials.

Progress Energy Profit Gets Boost on Restructuring

Progress Energy Inc. (NYSE: PGN) reported a stronger than expected first quarter on Monday, citing stronger performance from restructuring efforts.

Alleged Shady Debt Consolidator Taken to Court

Imagine a supposedly non-profit debt consolidator tells you it will arrange all your bills into a convenient monthly payment for free, only to find later it has overstated your savings, is charging monthly fees, and is providing no service to improve or prevent your credit rating from deteriorating?

Gavitec AG Strengthens Services Partnership in Philippines

A subsidiary of Florida-based NeoMedia Technologies Inc. said on Friday it will strengthen its existing partnership with Omniprime, a Philippine mobile marketing company by finalizing a licensing contract.