Florida tops in delinquent mortgage loans
Florida has more delinquent mortgage loans backed by Freddie Mac and Fannie Mae than any other state, according to a new report. The Sunshine State had 292,000 delinquent loans by the government-sponsored agencies as of Dec. 31. Of those,166,000 have been late on payments for at least a year. California, the largest state, in contrast, […]
Florida women pay extra for health coverage, report says
Health insurance costs Florida women as much as 52 percent more than men — up to $1,141 more on average each year —because of a gender gap that has existed for decades, a report said Monday. And that doesn’t include the extra cost of maternity coverage. Florida is one of 39 states that allow insurers […]
Miami-Based Burger King Dethroned By Wendy’s
Miami-based Burger King has been dethroned as the country’s second biggest hamburger chain. Wendy’s edged out Burger King in U.S. sales volume for the first time since Wendy’s was founded in 1969, according to a report by the food industry research firm Technomic Inc. that’s set to be released next month. Wendy’s had sales of […]
South Florida inventors hoping to make it on the shelf
Three South Florida residents hope they have what it takes to get their inventions on the shelves at Walmart stores nationwide. They’ve each entered their own unique products in Walmart’s Get on the Shelf competition, which boasts more than 4,000 inventors across the country who are all vying for the top prize: a spot on […]
Florida Sets Records For Jobless Claims In 2010
The Great Recession has taken a large toll on the Florida workforce, even after the recession technically ended. According to new numbers from the Bureau of Labor Statistics, employers in Florida held 1,231 mass layoffs in 2010 that ended up with 88,776 workers filing for unemployment insurance. While the numbers for 2010 were high, it […]
South Florida iPad fans wait in line for the new release
South Florida residents set on being one of the first to get the new iPad released today didn’t let a little early morning rain stop them. Kevin Booker, from Hollywood, staked out his No. 2 spot in line at the Apple Store in the Galleria Mall around 9 p.m. Thursday night. That means he spent […]
Luxury watch boutiques expand in Miami’s Aventura Mall
When David Palermo stumbled upon the Breitling watch boutique in Aventura Mall, he couldn’t resist going inside to take a look. Admiring the $11,100 MontBrillant 47 Limited Edition he placed on his wrist, Palermo was definitely tempted. But he already owns four luxury watches and wasn’t quite ready to fork over the credit card for […]
Cruise industry leaders talk safety in Miami
At a forum typically reserved for optimism, top cruise line executives on Tuesday spent a somber part of the morning discussing their dedication to safety and the fallout from January’s deadly shipwreck in Italy. The “State of the Industry” panel at this year’s Cruise Shipping Miami conference revealed an industry that is eager to emphasize […]
Sling Broadband Postpones Cooperative Venture with LightSquared
Sling Broadband has announced a postponement of a planned cooperative venture with the technology company LightSquared after the Federal Communications Commission (FCC) halted licensing for LightSquared’s innovative satellite-enhanced broadband network due to possible broadcast spectrum interference with GPS devices. In 2005, after extensive discussions with the GPS Council, the company that became LightSquared obtained […]
Miller beer moving its Latin American HQ to Miami
One of the region’s largest brewers plans to move its Latin American headquarters out of Latin America and into South Florida. It’s looking like Miller Time on Brickell Avenue. The company behind Miller, Coors Light and Corona plans to move its Latin American headquarters out of Bogotá and into Miami, according to several people familiar […]
Fort Lauderdale cruise-ship simulation training center opens
A new simulation training center for cruise ship captains and officers opened Monday at the Resolve Maritime Academy in Fort Lauderdale. The 7,000-square-feet center at 1510 SE 17 St. cost $6.5 million to build and will offer safety and navigational programs specifically tailored to the needs of the world’s second largest cruise operator. “The intention […]
Affordable fares keep Fort Lauderdale a top Spring Break destination
Fort Lauderdale may no longer be the Spring Break mecca for college students it was in the 1980s, but the destination is still wooing travelers during the peak March-to-April travel season. Fort Lauderdale recently ranked No. 4 among the 10 most desired Spring Break destinations, behind Orlando, Las Vegas and New York, in a review […]
Miami Beach board game company expanding, adding new items
Inside a sunny, living room-like office near Miami Beach’s Lincoln Road, Eric Poses lays out his board game Loaded Questions and pulls out a card: “What would you do if you wanted to annoy someone?” Poses, the founder and president of the game company All Things Equal, happily explains how the game works — the […]
Employees protest Jackson Health layoffs
Miami-Dade County commissioners were met in front of Government Center on Tuesday morning by dozens of protesters wearing purple shirts emblazoned with “Save Jackson.” Nurses, doctors and patients urged the commission to hear them out in reaction to last week’s announcement that over 1,100 jobs would be cut to keep Jackson Memorial Hospital financially afloat. […]
Nimer named new director for University of Miami’s cancer center
Dr. Stephen Nimer, one of the world’s premier leukemia and stem cell transplant researchers, will lead the University of Miami’s Sylvester Comprehensive Cancer Center. Medical breakthroughs discovered in the laboratory can take a long time to be positioned into follow within the exam room, frequently as a result of there is little communique among analysis […]
Florida’s tribal casinos grew revenue by 1% in 2010, report says
An annual industry report shows that Indian gaming in Florida had slow growth in 2010 after two years of double-digit increases — but still raked in $2.06 billion. After years of dramatic growth, Florida’s eight tribal casinos — all but one operated by the Seminole Tribe — came back down to earth in 2010, growing […]
Fort Lauderdale air ambulance firms to operate jointly
Two longtime castle Lauderdale-primarily based competitors in the air ambulance business have merged to save lots of on costs and assist consumers. Aero Jet International and Air Ambulance Professionals combined operations this month, but will keep their names and existing hangars at Fort Lauderdale Executive Airport, Dawn Cerbone, executive director of the merged company, said […]
Dadeland, Miami’s Original Mall, To Get Major Upgrade
Dadeland Mall, South Florida’s first shopping mall and a South Dade landmark since 1962, will get it’s 5th major overhaul, with a new building housing restaurants and a new group of stores developers are calling the Kendall Wing. The mall will also see an expansion of the parking deck. The -tale growth used to be […]
Four years later, South Florida’s worst recession only hints at a real recovery
About 3 years ago in the depths of the recession, contractor George Cuesta was once hoping to land a small resort renovation process in South seaside. He didn’t get it, however no one else did either. The gutted construction sat idle off twenty second side road when the investment fell aside, as pigeons nested at […]
Health insurance refunds in Florida in the works
Hundreds of thousands of Floridians could be in line for perhaps $100 million of health insurance rebates in August, under a federal review process that began Thursday. The federal health care overhaul passed by Congress in 2010 forces insurers to pay rebates starting this year if they spend more than a certain amount of their […]