http://www.miamiherald.com/business/breaking-news/index.html http://media.miamiherald.com/images/logos/rss_sitelogo.gif http://www.miamiherald.com/business/breaking-news/index.html 140 25 News, sports and entertainment from MiamiHerald.com en-us Copyright 2009 MiamiHerald.com Breaking News - Business 60 Thu, 08 Jan 2009 22:35:38 EST http://blogs.law.harvard.edu/tech/rss McClatchy Interactive's PubSys miamifeedback@miamiherald.com http://www.miamiherald.com/business/breaking-news/story/843674.html http://www.miamiherald.com/business/breaking-news/story/843674.html Thu, 08 Jan 2009 14:26 EST Gas prices in South Florida have soared by double digits in the New Year, fueled by the rising conflict in Gaza. Since New Year's Day, prices have gone up 12 to 13 cents in South Florida, to $1.7981 in Fort Lauderdale and $1.8363 in Miami, AAA figures for Thursday show. http://www.miamiherald.com/business/breaking-news/story/843993.html http://www.miamiherald.com/business/breaking-news/story/843993.html Thu, 08 Jan 2009 17:20 EST Spirit Airlines said it is further expanding its Caribbean route network with new service between Fort Lauderdale-Hollywood International Airport and Santiago, Dominican Republic. http://www.miamiherald.com/business/breaking-news/story/843657.html http://www.miamiherald.com/business/breaking-news/story/843657.html Thu, 08 Jan 2009 18:25 EST Six years after opening the Royal Palm, developer R. Donahue Peebles has put the entity that owns the South Beach hotel into bankruptcy protection amid a dispute with the lender trying to foreclose on the property. http://www.miamiherald.com/business/breaking-news/story/842944.html http://www.miamiherald.com/business/breaking-news/story/842944.html Thu, 08 Jan 2009 05:23 EST The top business news from The Associated Press for the morning of Thursday, Jan. 8, 2009: http://www.miamiherald.com/business/breaking-news/story/843273.html http://www.miamiherald.com/business/breaking-news/story/843273.html Thu, 08 Jan 2009 10:44 EST The Bank of England on Thursday cut interest rates to the lowest level in its 315-year history, taking it into uncharted territory as it attempts to ward off a prolonged recession. http://www.miamiherald.com/business/breaking-news/story/843982.html http://www.miamiherald.com/business/breaking-news/story/843982.html Thu, 08 Jan 2009 16:39 EST Commercial banks borrowed more, while investment firms drew less over the past week from the Federal Reserve's emergency lending program. http://www.miamiherald.com/business/breaking-news/story/842951.html http://www.miamiherald.com/business/breaking-news/story/842951.html Thu, 08 Jan 2009 05:38 EST Confidence in the EU economy sank to a record low in December, the European Commission said Thursday, while official data confirmed the 15-nation euro zone officially slipped into recession in the third quarter. http://www.miamiherald.com/business/breaking-news/story/843343.html http://www.miamiherald.com/business/breaking-news/story/843343.html Thu, 08 Jan 2009 11:09 EST The BBC said Thursday it will launch a Persian-language TV channel next week that can be seen in Iran, Afghanistan, Tajikistan and elsewhere, despite Iranian claims that it will be used to recruit spies. http://www.miamiherald.com/business/breaking-news/story/844044.html http://www.miamiherald.com/business/breaking-news/story/844044.html Thu, 08 Jan 2009 17:29 EST Schlumberger Ltd., the world's largest oilfield services company, says it's eliminating up to 1,000 jobs in North America, or about 5 percent of its work force, and is looking at cuts elsewhere globally. http://www.miamiherald.com/business/breaking-news/story/842968.html http://www.miamiherald.com/business/breaking-news/story/842968.html Thu, 08 Jan 2009 06:08 EST Hong Kong's main stock dropped nearly 4 percent Thursday as heavy selling in Chinese banks and computer maker Lenovo Group weighed on the market. http://www.miamiherald.com/business/breaking-news/story/843405.html http://www.miamiherald.com/business/breaking-news/story/843405.html Thu, 08 Jan 2009 11:44 EST President-elect Barack Obama is spelling out the key elements of an "American Recovery and Reinvestment Plan" that he is touting to treat a sick economy. http://www.miamiherald.com/business/breaking-news/story/844087.html http://www.miamiherald.com/business/breaking-news/story/844087.html Thu, 08 Jan 2009 17:54 EST Chevron Corp. said Thursday the huge drop in crude prices at the end of 2008 will be a big blow to its fourth-quarter earnings, a sharp reversal from the favorable market conditions that fueled record profits earlier in the year. http://www.miamiherald.com/business/breaking-news/story/843004.html http://www.miamiherald.com/business/breaking-news/story/843004.html Thu, 08 Jan 2009 06:58 EST The leaders of France and Germany appeared to put disagreements over economic policy behind them Thursday, calling on the U.S. to join global efforts to address the financial crisis. http://www.miamiherald.com/business/breaking-news/story/843503.html http://www.miamiherald.com/business/breaking-news/story/843503.html Thu, 08 Jan 2009 12:14 EST Hurt by a late-year strike and shrinking airline demand, Boeing Co.'s passenger jet deliveries fell 15 percent in 2008, ensuring that archrival Airbus retained its rank as the world's top plane maker. http://www.miamiherald.com/business/breaking-news/story/844094.html http://www.miamiherald.com/business/breaking-news/story/844094.html Thu, 08 Jan 2009 17:59 EST The many Bernard Madoff investors who withdrew money from their accounts over the years are now wrestling with an ethical and legal quandary. What they thought were profits was likely money stolen from other clients in what prosecutors are calling the largest Ponzi scheme in history. Now, they are confronting the possibility they may have to pay some of it back. http://www.miamiherald.com/business/breaking-news/story/842697.html http://www.miamiherald.com/business/breaking-news/story/842697.html Thu, 08 Jan 2009 00:08 EST President Hugo Chavez will keep donating heating oil for poor American families in a costly decision that suggests the Venezuelan leader wants to keep to his pledges - and buttress his image - in spite of falling oil prices. http://www.miamiherald.com/business/breaking-news/story/843021.html http://www.miamiherald.com/business/breaking-news/story/843021.html Thu, 08 Jan 2009 07:28 EST Dismal sales figures for the holiday shopping season are probably a sign of worse to come for merchants in 2009 - not only more sharp discounts and cheaper groceries but probably fewer stores. http://www.miamiherald.com/business/breaking-news/story/843570.html http://www.miamiherald.com/business/breaking-news/story/843570.html Thu, 08 Jan 2009 12:34 EST A million people have swollen the ranks of the unemployed claiming benefits during the past year in Spain, taking the total past the 3 million mark, according to official figures released Thursday. http://www.miamiherald.com/business/breaking-news/story/844197.html http://www.miamiherald.com/business/breaking-news/story/844197.html Thu, 08 Jan 2009 19:29 EST More than 100 flights at Rome's main Leonardo da Vinci airport have been canceled by a ground workers protest against job cuts that are part of Alitalia's imminent relaunch. http://www.miamiherald.com/business/breaking-news/story/842716.html http://www.miamiherald.com/business/breaking-news/story/842716.html Thu, 08 Jan 2009 00:28 EST Shares of Lenovo Group tumbled Thursday after the world's fourth-largest computer maker warned it expects a loss for its latest quarter and will lay off 11 percent of its work force and cut executive pay.