business

Business
2:52 pm
Wed October 2, 2013

Florida Lawmakers Delay Highly Anticipated Gambling Study

Credit Wikipedia.org

A $400,000 gambling report will be delayed because it is too confusing and needs to be reviewed for accuracy, according to Senate Gaming Committee Chairman Garrett Richter, R-Naples.

The final portions of a three-part study by Spectrum Gaming Group were due to the Legislature on Tuesday, the same day executives at the New Jersey-based gambling research firm asked for another 30 days to complete the study conducted with its partner Regional Economic Models Inc., or REMI.

Read more
Business
11:20 am
Mon September 30, 2013

More Than 7 Months After Triumph Fire, Carnival Tries To Correct Course

CEO Arnold Donald of Carnival Corp is the new CEO in the post-Triumph, post-Micky Arison-as-CEO era. He faces the issues rehabilitating it's image and getting customers and travel agents back on its side.
Credit C.W. Griffin / Miami Herald Staff

Smiling children wave. A happy couple dances by the pool. Family members play miniature golf with a view of the ocean, and a man asks a woman to be his wife. There are sunsets, kisses and giant ships serving as backgrounds for vacation snapshots.

“We never forget the moments that matter,” a woman’s voice says. “We hang them on our walls. We share them with everyone we know and hold on to them forever.”

Read more
Business
2:48 pm
Tue September 24, 2013

Carnival's Earnings Hit By String Of Cruise Ship Problems

Part of the previously submerged, severely damaged right side of the Costa Concordia cruise ship is seen in an upright position last week after it was righted by salvage crews in Isola del Giglio, Italy.
Marco Secchi Getty Images

Originally published on Tue September 24, 2013 3:18 pm

Miami-based Carnival Corp., the world's largest cruise operator, reported a third quarter profit nearly a third lower than a year ago following a series of embarrassing and deadly mishaps involving its ships.

Carnival turned a $934 million profit for the period June through August, down 30 percent from the same quarter in 2012.

Read more
Food
12:06 pm
Tue September 24, 2013

Trader Joe's Ex-President To Turn Expired Food Into Cheap Meals

Doug Rauch wants to take wholesome food that grocers have to throw away and cook and sell it as low-cost, prepared meals.
Bunnyhero Flickr

Originally published on Thu September 26, 2013 5:18 pm

Here's some food for thought: One-third of the world's food goes to waste every year. In the U.S., about 40 percent of our food gets thrown out. It's happening on the farm, at the grocery store and in our own homes.

Read more
Finance
7:56 am
Tue September 17, 2013

JPMorgan To Get Whale Of A Fine For Trading Losses

JPMorgan Chase will reportedly pay a $700 million fine to settle allegations that it made risky trades out of its London office that led to more than $6 billion in losses.
Mark Lennihan AP

Originally published on Tue September 17, 2013 9:38 am

Authorities are set to slap banking giant JPMorgan Chase with a massive fine over the bank's huge trading losses in London last year, confirms NPR's Jim Zarroli.

Though details of the deal are still pending, several reports put the amount at more than $700 million. It comes on the heels of the bank's having recently paid $410 million to settle charges that it manipulated energy markets.

Read more
Business
11:39 am
Mon September 16, 2013

Peer-To-Peer Boat Rental Companies Arrive In South Florida

Gene Correa, assistant dock master at Rickenbacker Marina, shows this boat's features to Simons Chase and Lori Anne Wardi, who rented the boat from Matias Aguirre on Boatbound.
Credit WALTER MICHOT / Miami Herald Staff

Getting out on the open sea, wind in your hair, enjoying the ride with your family and friends. Then there’s the boat payments, storage fees, fuel, maintenance and repair — these costs can quickly sink the dream of boat ownership.

Ahoy, mates — a new breed of boat-sharing services is entering the hot South Florida boating market. San Francisco-based Boatbound.co set up its East Coast headquarters on the Rickenbacker Causeway in Key Biscayne and launched nationally in June.

Read more
Health Care
10:52 am
Mon September 16, 2013

More Companies Steering Retirees To Private Health-Insurance Exchanges

Private health insurance exchanges have existed for several years but are separate from the public health insurance marketplace being created by the Affordable Care Act.

Thousands of retirees covered by company health insurance plans will soon see their benefits shifted toward private health-insurance exchanges.

IBM and Time Warner announced the change last week. They’ll provide retirees money to buy Medicare Advantage or supplemental Medigap policies instead, part of a push by businesses to move away from the increasingly costly group-coverage model.

American Airlines may follow. Its parent company, AMR Corp., is seeking approval to make the change from a federal bankruptcy court judge.

Read more
Americas
7:58 am
Mon September 16, 2013

Is Brazil Ready To Step On The World Stage?

An under-20 soccer team trains on the beach in Recife, Brazil.
Melissa Block/NPR

Originally published on Fri September 13, 2013 6:04 pm

As Brazil readies to host next year's World Cup and the 2016 Summer Olympics, All Things Considered host Melissa Block is in the country reporting on how it's all coming together.

Read more
Community Contributor
12:39 pm
Thu September 12, 2013

The Miami Job Fest: Solving Talent Retention Slowly But Surely

Talent retention is a hot topic.

It seems like every group and organization in South Florida is working on a formula to reverse the ‘brain drain’, stop the ‘intellectual exodus’ or prevent the ‘mind migration’. With solutions that range from online resources and job boards to skills-based training and data collection on Miami’s talent pool, there is no deficiency of great ideas.

Read more
Business
11:20 am
Thu September 12, 2013

‘Burn Notice’ Finale Brings Curtain Down On South Florida Production Companies, Too

In this July 24, 2013 photo, film crews prepare the set for rehearsal and taping of an episode of "Burn Notice" in Miami. The cable spy drama is coming to an end after seven seasons with a big finale today.
Credit Alan Diaz / AP

Starting Friday, Miami will see a sharp drop in sabotage, sniper fire and explosions. And that has quite a few people worried about the future.

With Thursday’s telecast of the finale of Burn Notice, the city’s No. 1 source of fictional attacks and espionage will end its seven-year run as the most successful series since Miami Vice and the linchpin of the English-language production industry.

Read more
Finance
8:40 am
Thu September 12, 2013

5 Years After Financial Crisis, Are Big Banks Still A Threat?

The headquarters of Lehman Brothers in Times Square in 2008, the year the financial services firm filed for bankruptcy.
Hiroko Masuike Getty Images

Originally published on Thu September 12, 2013 11:30 am

It's been five years since Lehman Brothers collapsed and touched off a banking crisis that is still being felt by the global economy. Today, the banking industry is a lot stronger than it was, but some critics say efforts to reform banking regulations have fallen short of their potential.

Read more
The Sunshine Economy
11:13 am
Tue September 10, 2013

The Sunshine Economy: The Incredible Shrinking Florida Paycheck

Credit freedigitalphotos.net

Half of the paychecks of Floridians are smaller today than they were in 2004. Thanks to a wicked combination of fewer working hours and the financial erosion of inflation, the median hourly wage in Florida is $0.63 less than what it was eight years ago, according to a recent study by the Research Institute on Social and Economic Policy at Florida International University.

Read more
Insurance
6:08 pm
Mon September 9, 2013

Citizens Approved For 6.3 Percent Hike On Homeowners

Credit Laura A. Ogden

Homeowners covered by Citizens Property Insurance Corp. will see an average rate increase of 6.3 percent next year.

The increase, approved Monday by the Office of Insurance Regulation, is down from a 7.9 percent hike requested on the combined personal-lines and coastal accounts. Citizens officials previously said a 7.9 percent increase wouldn't be enough to cover the projected costs for next year.

The increase doesn't include sinkhole coverage.

Read more
The Sunshine Economy
12:08 pm
Mon September 9, 2013

The Sunshine Economy: Jobs

Credit Tom Hudson

Ian, Jay and Sal. That's them in the photo on the right. Each of them is an unemployment statistic with a story.

Read more
Business
11:22 am
Mon September 9, 2013

How A Miniature Antenna Is Turning The TV Biz On A Dime

Credit Aereo

A TV antenna the size of a dime. That's it below, on the right. Long gone are the days of the RCA console television in your grandparent's (or great grandparent's) living room with two silver rods jutting out at all angles as you squint through the "snow" to catch a glimpse of Looney Tunes.

Thanks to high speed Internet connections and cloud computing, Aereo is disrupting the traditional TV and cable business like very few.

Read more

Pages