business

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.

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.

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.

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.

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.

Is Brazil Ready To Step On The World Stage?

Sep 16, 2013

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.

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.

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.

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.

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.

Citizens Approved For 6.3 Percent Hike On Homeowners

Sep 9, 2013
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.

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.

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.

South Florida-based Spirit Airlines is known for being cheap. It boasts "ultralow" base fares and then charges for items such as carry-on luggage or printing out your boarding pass at the airport.

That thrift carries over to Spirit's advertising. Even compared with other low-cost airlines, Spirit spends almost nothing on ads. And yet the company makes a surprising splash with its campaigns. A visit to Spirit headquarters reveals the secrets of its marketing.

Tom Hudson

Jimmy Choo at Sawgrass Mills. Hermes in the Design District. Even Marky's Caviar in Miami Gardens. South Floridians are welcoming luxury retailers with open arms just like Britto's "Welcome" sculpture greets shoppers near Dadeland Station in the photo on the right.

Luxury retailing in South Florida is expanding beyond its traditional glitzy locations and stretching to include not just shoes and accessories, but also shoppers’ appetites.

RELATED: The Sunshine Economy: Retail

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