Miami’s international banking clients move money to protect financial privacy
Under new IRS disclosure regulations, details about U.S. bank accounts held by foreign nonresident depositors could be shared with their home governments. As a result, bankers say hundreds of millions of dollars have left Florida since April. Miami’s position as a hemispheric banking capital could be weakened as some foreign depositors close their accounts in […]
Apple releases OS X Mountain Lion system upgrade
OS X Mountain Lion makes it easier to share material to social networks and also introduces a notification panel similar to that found on many smartphones. The news was revealed in the company’s third quarter earnings release. Mac sales were 2% up on the year, but the results fell short of many analysts’ forecasts. The […]
Florida-Brazil trade still growing
The Brazilian economy has slowed, but the Central Bank governor says growth is expected to pick up in the second half of the year — good news for Florida traders The Brazilian economic juggernaut has slowed this year, but Florida’s trade with Brazil still shows growth. During the first four months of the year, total […]
Flurry launches AppCloud with help from mobile startup Trestle
The mobile app analytics company aims sky-high and launches its new cloud services collection — hooking it into the company’s analytics, which helps developers increase app engagement. Venturing out of its typical terrain Flurry announced today that it is launching a collection of cloud services to “empower developers to build better apps faster.” To accomplish […]
Swimwear sales rising, say exhibitors at Miami Beach swim show
The swimwear industry is doing swimmingly, according to exhibitors surveyed at the world’s largest industry show now taking place at the Miami Beach Convention Center. Sales have taken off since the recession and are poised for further growth this year, even as the world economy slows, said executives from companies ranging from Miami’s giant Perry […]
Apple Q3 earnings: $35B in revenue, 26M iPhones, 17M iPads
iPhones and iPads once again led the way in a record quarter for Apple, but the results were less than what Wall Street expected. During its third fiscal quarter, which ran through June 30, Apple reported revenue of $35 billion and earnings of $8.8 billion, or $9.32 per share. That was up from the $28.57 […]
Pitbull takes ownership in The New Miami Subs Grill
Latin hip-hop star Pitbull has always had an affinity for the chicken wings and the gyro platter at Miami Subs. As the child of first generation Cuban immigrants growing up in Miami during the 1980s, Armando Christian Perez considered a trip to Miami Subs a big treat. Years later, the Miami Subs on Washington Avenue […]
Google science fair entrants focus on health, environment
Google held the final round of its second annual international science fair on Monday morning, hosting 15 contestants from around the world between the ages of 13 and 18. The science fair this year has grown considerably as not only did Google receive thousands of entries from more than 100 countries, but the program now […]
Entrepreneur aims to restore Windjammer, Chalk’s and other Florida travel relics
Charles Kropke is on a quest to bring back paradise lost. Longing for the era of swashbuckling ships and island-hopping seaplanes, the 48-year-old entrepreneur has set his sights on bringing new life to the former Miami Beach-based Windjammer Barefoot Cruises, the iconic Chalk’s Ocean Airways and the historic, shuttered Belleview Biltmore Hotel on the Gulf […]
Vizio meets the MacBook
Vizio offers a design that could give buyers pause when considering a MacBook Air or MacBook Pro. In the latter case, it’s almost $1,000 cheaper than the lower-end MacBook Pro retina. Vizio is the latest to make a run at Apple’s MacBook. So far, I like what I see. The Irvine, Calif.-based company’s ultrabooks are […]
Genting downscales in Miami as it seeks to expand its global brand
Malaysian casino giant Genting says it will move forward with more modest plans for its downtown Miami site. Globally, the company is seeking to expand. Miami Mayor Tomas Regalado hasn’t seen them. Neither has Miami-Dade Mayor Carlos Gimenez. Nearly six months after the Genting Group failed to get legislative approval for a massive destination casino […]
Apple plans high-security data center in Maiden, N.C.
New 21,000-square-foot “tactical” data center is being built adjacent to the company’s massive 500,000-square-foot data center. Apple is building a high-security “tactical” data center on the site of its massive data center in Maiden, N.C., according to records reviewed by the Hickory Daily Record. According to design plans filed with Catawba County, the new 21,030-square-foot […]
South Florida among top areas for loan modifications
South Florida ranks among the top metro areas in the number of mortgage modifications, an indication that lenders are making progress in addressing the region’s housing debacle, industry observers say. Lenders have approved 46,032 trial or permanent modifications in Palm Beach, Broward and Miami-Dade counties since the Home Affordable Modification Program started in 2009. The […]
Microsoft confirms Windows 8’s October launch date
Microsoft has revealed that Windows 8 will be released on 26 October. The declaration was made at the firm’s annual sales meeting and was published on its blog shortly after. The firm has described the update as the most important redesign of its interface in more than a decade. The announcement was made a day […]
Out of a job, and into a new, dismal life
Veteran banker Emmanuel Charles uses the library now to check his email since he can’t afford Internet service himself. He drives a Mercedes, but one with 250,000 miles on it. He lost his job as a branch manager in 2009 amid a global banking meltdown and has burned through almost all of his cash since […]
Microsoft gives Office a 2013 touch-up
Microsoft has unveiled a touch-ready version of Office, the latest version of the company’s market-leading productivity software suite. In San Francisco, Steve Ballmer described Office 2013 as the firm’s “most ambitious release” to date. The software is primed for mobile devices, cloud computing, and social networking. Office is the globe’s most popular productivity application, with […]
South Florida salvage firms respond to emergencies at sea
For an example of how to base a business on disaster, look no further than Resolve Marine Group’s Joshua James Response Center in Fort Lauderdale. The 33,000-square-foot warehouse, named for a historic life saver, bursts with fire pumps, hydraulic power units, roller bags, dive helmets, pullers, boats, anchors and countless other pieces of equipment that […]
Google’s Marissa Mayer becomes Yahoo CEO
Google’s longtime executive to begin her new job leading the struggling iconic Web company tomorrow. Yahoo has named Marissa Mayer, one of Google’s top execs, as its next CEO, ending a hunt that began after Scott Thompson was forced out in May for padding his resume. Ross Levinsohn, who has been the interim CEO, had […]
Creative businesses find their niche on Etsy
Painters, potters, designers and artists in South Florida have found another medium to display and sell their work. Etsy, an online community for creative entrepreneurs who sell homemade and vintage gifts, art and supplies, hosts shops in a setting similar to Amazon or eBay. But unlike other websites, Etsy has created a community specifically for […]
As Tablet Race Heats Up, Apple May Try Smaller Device
The tech companies are at it again — trying to catch the blockbuster iPad in a race to win the tablet market. Google on Friday began shipping its Nexus 7, which is smaller and less expensive than Apple’s iPad, and is meant to compete with both that device and Amazon’s Kindle Fire. This summer, Microsoft […]