Gasoline prices at the pump added more than 2 cents over the weekend nationally, topping a more than eight-month high reached Friday, but consumers have little choice but to play along. ...more

February 25, 2008

Bastan cinco sábados... y es gratis. Tal es el curso que ofrece la Universidad del Sur de la Florida (USF) a quienes quieran desarrollar su potencial como líderes comunitarios. ...more

February 18, 2008

Bankrupt developer TOUSA has won court approval for a restructuring plan that allows the company to keep paying its employees, selling houses and honoring home warranties. ...more

February 9, 2008

Bankrupt developer TOUSA has won court approval for a restructuring plan that allows the company to keep paying its employees, selling houses and honoring home warranties. TOUSA, the parent company of Engle Homes, filed for Chapter 11 bankruptcy protection Jan. 29. It reported assets of $2.28 billion and debts of about $1.77 billion. The new agreement allows the company to borrow $135 million from Citigroup Global Markets Inc. to pay normal operating expenses. The terms of the agreement allow TOUSA and its subsidiaries to continue building homes, pay off liens and sell the houses free and clear. Home warranties also will be honored. TOUSA subsidiary Engle Homes is the primary developer of Live Oak Preserve, The Hammocks and Tampa Bay Golf & Country Club. ...more

February 7, 2008

With all the large write-downs and losses announced for the fourth quarter, hardly any attention is being paid to just how profitable U.S. banks really are. ...more

January 24, 2008

The credit crisis all but wiped out fourth-quarter earnings at Bank of America Corp. and Wachovia Corp., but the banks did make some money - something that can't be said for Citigroup and other Wall Street financial firms. ...more

January 23, 2008

Merrill Lynch & Co. on Thursday recorded its biggest quarterly loss since being founded 94 years ago after the world's largest brokerage took almost $15 billion worth of write-downs from bad subprime mortgage bets. ...more

January 18, 2008

A growing conviction that the United States is headed toward recession sent Wall Street plunging Tuesday, with weak retail sales figures and disappointing results from Citigroup exacerbating investors' pessimistic mood. The Dow Jones industrials tumbled nearly 280 points. ...more

January 16, 2008

For the past few years, banks that issue credit cards have aggressively wooed affluent customers with lavish perks and fat credit lines. Now, that high-end strategy is coming back to bite the banks: There are growing signs some of those consumers are having a hard time paying their bills. ...more

January 15, 2008

Over the years, we have grown accustomed to government bailouts of financial companies. The odd thing about the current credit crunch, however, is that it isn't the U.S. government that is doing the bailing. ...more

January 1, 2008