Author Archives: Miami Herald Business

Dems look to health vote without abortion foes

House Democratic leaders Thursday abandoned a long struggle to strike a compromise on abortion in their ranks, gambling that they can secure the support for President Barack Obama's sweeping health care legislation with showdown votes looming as early as next week.
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GMAC CEO will receive no cash salary for 2010

The CEO of bailed-out auto finance giant GMAC Inc. will receive no cash salary for 2010 and will be compensated in restricted stock, under a deal approved by Obama administration pay czar Kenneth Feinberg, according to people familiar with the matter.
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Obama outlines plan to spur U.S. exports and jobs

President Barack Obama on Thursday laid out plans to help U.S. businesses double their export sales and add what he said would be 2 million more jobs at home during the next 5 years.
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US criticizes China’s domestic, economic policies

The Obama administration accused China on Thursday of abusing its citizens' rights and maintaining currency policies that cost millions of U.S. jobs, a double-barrel attack that comes amid a growing willingness to confront and even antagonize the Asian power.
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Toyota ‘mystified’ by runaway Prius case in Calif.

A Toyota executive said Thursday the company is "mystified" by a report that a California man's Prius gas pedal became stuck and caused the car to speed out of control on a California freeway.
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Summary Box: Citi CEO sees return to profitability

BULLISH OUTLOOK: Citigroup Inc. says its returning to "sustained profitability" after losing billions on bad loans and taking a federal bailout. CEO Vikram Pandit says the bank is shedding risky mortgage assets and shifting focus to emerging markets like Latin America and Asia.
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SkillSoft 4Q net income falls 16 pct

SkillSoft PLC, an education software company that has agreed to be taken private, said Thursday its fourth-quarter net income fell 16 percent from a year earlier, when it benefited from a tax windfall.
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Obama outlines plan to spur U.S. exports and jobs

President Barack Obama on Thursday laid out plans to help U.S. businesses double their export sales and add what he said would be 2 million more jobs at home during the next 5 years.
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Frontier Airlines extends seasonal KC-Cancun trips

Frontier Airlines said Thursday it would extend seasonal nonstop flights between Kansas City and the city of Cancun in Mexico through Aug. 28.
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NYC judge allows Chevron arbitration to proceed

A federal judge in New York City has ruled Chevron can proceed in arbitration with claims it was not treated fairly in Ecuadorean courts in a dispute over whether it should be held liable for contamination of rain forests in Ecuador.
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Coca-Cola FEMSA bottler to change bylaws

Drinks company Fomento Economico Mexicano SAB said Wednesday its bottler, Coca-Cola FEMSA, plans to change its bylaws so a simple majority of its board can appoint and set compensation of the CEO and people who report directly to him or her.
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Venezuela seizes top food producer’s property

A mayor loyal to Venezuelan President Hugo Chavez has ordered the expropriation of property owned by the country's largest food producer.
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Kroger rewards in litigation

WANTS A CUT: Irving, Texas-based Excentus Corp. has sued Kroger Co., saying Kroger failed to work out a licensing agreement concerning its gasoline discount rewards. Cincinnati-based Kroger has filed suit asking another federal court to declare it has done nothing wrong.
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Miami-Dade commissioner proposes new board for Jackson Health System

In another signal that county government leaders don't trust Jackson Health System's governing body to solve the system's dire financial problems, Commissioner Carlos A. Gimenez plans to present an ordinance Tuesday that would provide for a new oversight board if Jackson has trouble meeting its financial obligations.
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Many Florida timeshare sale and rental companies under fire

Florida has launched a war against the timeshare resale industry, announcing Thursday ongoing investigations into 17 companies, as well as a lawsuit against one company.
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Texas company, Kroger in legal fight

A Dallas area company charges that Kroger Co. is ripping off its technology and methods in the grocery chain's popular gasoline discount rewards program.
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Retail leaders group spent $850,000 lobbying in 4Q

The Retail Industry Leaders Association spent $850,000 in the fourth quarter to lobby on a variety of issues from health care reform to consumer product safety, according to a recent disclosure report.
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Jackson Health System: We are `fully operational’

Financially strapped Jackson Health System issued a news release Thursday saying, “The community can rest assured that Jackson is fully operational, with all the necessary supplies for the most routine procedures to the most complex surgeries.''
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Senate-passed health care bill would cut deficit

Congressional budget referees say Senate legislation that's now the foundation for President Barack Obama's health care plan would cut the federal deficit by $118 billion over 10 years.
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Wis. high court sides with dealer in Volvo dispute

The Wisconsin Supreme Court has sided with a truck dealership in a dispute with a major manufacturer of semitrailers.
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Search for Air France black boxes delayed

The search for the black boxes of an Air France flight that crashed in the Atlantic Ocean while flying from Rio de Janeiro to Paris has been delayed by weather conditions and trouble getting a search ship to Brazil, officials said Thursday.
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Broward judge accused of giving soft punishment to drug counterfeiter

Three former cops and state health inspectors who helped bust a national ring of medication counterfeiters are blasting a Broward County judge for giving a minimal sentence to the Weston ringleader.
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Spanish Broadcasting reports narrower loss

Spanish Broadcasting System reported a narrower loss and lower revenue for the fourth quarter. The loss was $10.3 million, or 14 cents per share, compared to $30.8 million, or 42 cents per share, in the same quarter of 2008. The company attributed the improvement to lower operating and corporate expenses and a decline in [...]
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Florida ranks No. 3 in U.S. in foreclosure filings

U.S. foreclosure filings were 308,524 in January, a 2 percent decline from January and a 6 percent increase from February 2009, according to data released Thursday by RealtyTrac.
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AP source: Obama pushing a new export initiative

President Barack Obama is pushing a new initiative to boost U.S. exports by enforcing trade deals and promoting American-made products overseas.
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World airlines see blue skies ahead

Global airlines are undergoing a surprisingly strong recovery with Asian and Latin American carriers leading the way, the leading industry group said Thursday, halving its loss forecast for 2010 to $2.8 billion.
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Mexico’s Slim becomes ‘world’s richest’ person

The naming of Mexican telecom tycoon Carlos Slim as the world's richest person – the first from a developing nation – underlines the loosening of America and Europe's stranglehold on the top spots in the billionaires' club.
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BP to pay $7 billion for exploration rights

Oil company BP PLC said Thursday it will pay $7 billion to acquire exploration rights in Brazil, Azerbaijan and the Gulf of Mexico from Devon Energy Corp.
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South Florida trade doldrums may be easing

The global recession took a deep cut out of South Florida's trade last year, as seven of the region's top 10 trading partners registered annual declines and two, Brazil and Venezuela, saw trade fall by more than $2 billion each.
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Despite downturn, passion for golf keeps duffers on the links

Even when the going gets tough, die-hard golfers will play.<p/> Pro-tournament watchers are focused on South Florida this week as the WGC-CA Championship gets under way Thursday at Doral Golf Resort & Spa. But passion for the game has kept even average duffers on the links in the deepest economic downturn in decades.
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It’s not getting any easier for Florida’s jobless

Florida's unemployment rate rose to 11.9 percent in January, tying the highest rate ever recorded in the state, and the number of out-of-work Floridians stood at 1.1 million, the state labor department announced Wednesday.
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LifeLock pays $11M to settle false-ad charges

Florida and 34 other states will split $11 million to give to consumers courtesy of identity theft company LifeLock, a deal reached Tuesday that settles allegations that the company's advertising was misleading.
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Democrats, White House close in on health bill

A final agreement nearly in hand, President Barack Obama and Democratic leaders are about to embark on one last sales job that will determine the outcome of the president's signature health care overhaul.
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Reinsurer Everest Re Chile quake loss hits $225M

Reinsurer Everest Re Group Ltd. on Wednesday estimated its preliminary loss relating to the earthquake in Chile at $225 million.
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17 arrests at meatpacking plant in Fremont, Neb.

Seventeen people were in federal custody Wednesday as part of an ongoing investigation of a Fremont meatpacking plant by immigration officials, authorities said.
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Wal-Mart spent $1.78 million lobbying in 4Q

Wal-Mart Stores Inc., the world's largest retailer, spent nearly $1.78 million lobbying in the fourth quarter on a wide range of issues from health care reform to organized crime and food safety issues, according to a recent disclosure report.
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TechTarget posts 4Q loss, CEO sees healthy growth

Technology Web site operator TechTarget Inc. posted a fourth-quarter loss as sales slipped and the company absorbed higher expenses for stock-based compensation, but CEO Greg Strakosch predicted "healthy growth" in 2010, now that "the worst of the downturn is behind us."
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Mine foreman pleads guilty in record-faking case

A foreman accused of forging safety inspection reports at a West Virginia mine has pleaded guilty to violating federal mine safety laws.
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Summary Box: FDA reviews Medtronic stimulator

The Food and Drug Administration has posted its review of a Medtronic device that treats seizures by stimulating areas of the brain used for movement.
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Pharmaceutical group spent $6.3M lobbying in Q4

The pharmaceutical industry's main trade group spent $6.3 million in the fourth quarter lobbying Congress, the White House and multiple government agencies on health care provisions and related issues, according to a quarterly disclosure report.
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Calif.’s unemployment rate 5th highest in nation

New federal labor data show that California's unemployment rate remains the fifth highest in the nation.
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Quinn seeks income tax hike for schools

Calling himself a realist, Gov. Pat Quinn on Wednesday scaled back his proposal to raise income taxes, shifting to a call for an increase of just one percentage point to be used solely for preventing deep cuts to education.
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Psychiatric Solutions shares rise on buyout report

Shares of Psychiatric Solutions Inc. surged Wednesday after media reports said the mental health hospital operator may be bought out by private-equity firm Bain Capital.
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Tropicana sizes shrink, prices rise on citrus woes

Pepsico Inc. is raising prices on its popular Tropicana orange juice because of the deep freeze that hurt much of Florida's citrus crop.
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3Com gets 3-year networking contract

Computer networking systems maker 3Com Corp. said Wednesday that it received a three-year contract with the Department of Education and Training in Australia's Northern Territory to supply schools.
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Disney to sell tickets that gain entrance to all its U.S. theme parks

Walt Disney Co., the world's biggest theme-park operator, will begin selling tickets that will be valid at all the company's U.S. parks.<p/> The “premiere passport'' will go on sale Thursday and provides access to all U.S. parks with no blackout dates, Chief Executive Officer Robert Iger said Wednesday at Disney's annual shareholder meeting [...]
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Florida unemployment rate ties record high at 11.9 percent

This report was supplemented by the Associated Press.
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First lady pushes healthy kids campaign forward

First lady Michelle Obama is challenging software and video game designers to develop games and applications that get kids excited about living healthy.
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Miami-Dade mayor seeks cash solution for Jackson Health System

Miami-Dade Mayor Carlos Alvarez said Wednesday that he's “instructed the county manager to take a look at how we can come up with the money'' to help Jackson Health System bridge a three-week gap in April when its cash may otherwise fall close to zero.
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Abbott Labs spent nearly $2 million on lobbying

Drug and device maker Abbott Laboratories spent $1.9 million lobbying on health care issues in the fourth quarter of last year, according to a recent disclosure report.
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House votes for faster tax breaks for Chile gifts

The House has passed a bill that would allow taxpayers to write off charitable donations to Chile earthquake relief efforts when they file their 2009 taxes this spring.
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Visa agrees to add 350 jobs to Miami operations

San Francisco-based Visa will hire 350 people for a new customer service center opening in Miami this summer, according to a news release from the Beacon Council, Miami-Dade's economic development agency. The center will be located in the same building as Visa's Latin America and Caribbean headquarters, in the Blue Lagoon area near Miami [...]
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HHS Sebelius exhorts insurers to get on board

The head of the Health and Human Services Department is sketching out a stark choice for the nation's insurers: oppose reform and eventually lose customers, or work with the Obama administration to improve the legislation.
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FDA: Medtronic brain stimulator missed study goal

The Food and Drug Administration says a Medtronic nerve stimulating implant failed to significantly reduce seizures in epilepsy patients.
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ID theft protection firm LifeLock must repay customers

Florida and 34 other states will split $11 million to give to consumers courtesy of identity theft company LifeLock, a deal reached Tuesday that settles allegations that the company's advertising was misleading.
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Sarkozy to take tanker fight to Obama

French President Nicolas Sarkozy will raise concerns that the U.S. Air Force's $35 billion tanker contract is anticompetitive when he visits President Barack Obama later this month, a spokesman said Wednesday.
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Florida aims to lure more tourists from China

A delegation of Chinese tour operators arrive in Miami this week for some hotel shopping.<p/> The group of wholesalers from Beijing and Shanghai will tour the Everglades, inspect the Four Seasons and other top hotels, and generally hunt for the best vacation options they can sell travelers back home in the increasingly [...]
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Swiss Re puts Chile quake insurance cost at $4-7BN

Swiss Reinsurance Co. said Wednesday that the strong earthquake in Chile last month will cost the insurance industry $4-7 billion, an estimate shared by its Germany-based rival Munich Re AG.
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Obama pushing on health care end game

President Barack Obama has chosen a suburban St. Louis high school to make his closing argument for a health care overhaul, pushing a new anti-fraud plan as he cranks up the pressure on skittish Democratic lawmakers to act fast.
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Feds to probe cause of runaway Prius in California

The government sent investigators Tuesday to examine a Prius that sped out of control on a California freeway, and Toyota said it wanted to interview the driver as the besieged automaker dealt with a high-profile new headache that raised questions about the safety of its beloved hybrid.
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AT&T boosts Hialeah cell coverage

This week, AT&T has activated a new cell site on East 25th Street in Hialeah as part of its lastest investment to its Florida network. It will boost coverage to Hialeah Hospital and the surrounding area, and it's the second AT&T cell site turned on in South Florida this year, according to AT&T spokeswoman Kelly [...]
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Jackson Health System leaders warn of insolvency without county loan

Jackson Health System is close to insolvency and facing the specter of having one of its major vendors, Johnson & Johnson, shut off supplies unless the company receives a $1 million payment this week.
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Florida International University hosts free forum on housing crisis

Lawyers will be on hand to answer questions at a free forum on the housing crisis Saturday at Florida International University.<p/> The Florida attorney general's office and the Florida InterAgency Mortgage Task Force are hosting the forum from 10 a.m. to 2 p.m. at the MARC Building, 11200 SW Eighth St., Miami.
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Burger King blames cold weather for sales drop

Burger King on Tuesday blamed winter storms and cold weather for a dramatic drop in sales for January and February.<p/> The Miami fast-food chain said January and February same-store sales in the United States and Canada were down 8.2 percent. Same-store sales are considered the best measure of a chain's health. Worldwide same-store [...]
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Protalix chairman resigns for health reasons

Protalix Biotherapeutics Inc., a pharmaceutical company, said Tuesday its chairman of the board is resigning to recover from an illness.
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Major Toyota events leading up to runaway Prius

- March 8 – Driver James Sikes speeds along a San Diego County freeway in a 2008 Toyota Prius for 20 minutes, reaching 94 miles per hour, before a Highway Patrol officer helps slow down the car. Toyota, the California Highway Patrol and federal safety officials say they will investigate.
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Texas Instruments CEO pay up 2 percent to $9.8M

Chip maker Texas Instruments Inc.'s CEO's compensation edged up in 2009, according to calculations by the Associated Press, a recession year that proved difficult for the chipmaker.
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Business Highlights

Feds to probe cause of runaway Prius in California
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Lifelock fraud alert firm to pay $12M in ad suit

An Arizona company that promised to protect consumers from identity theft has agreed to pay $12 million to settle false advertising claims brought by the Federal Trade Commission and 35 states.
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First Solar wins PG&E supply contract

First Solar Inc. said Tuesday it signed a deal to supply Pacific Gas & Electric Co. with power from a solar facility that will be built in Southern California.
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AP Poll: Americans want health care bipartisanship

The latest Associated Press-GfK poll shows that Americans and their lawmakers are out of sync on health care.
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Humana CEO compensation for 2009 jumps 26 percent

Health insurer Humana Inc. paid CEO Michael B. McCallister 26 percent more last year than in 2008, largely because of a $1.8 million performance-related bonus.
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Reconciliation bill will be hard for GOP to derail

Democrats are tying the fate of President Barack Obama's health care overhaul to a fast-track process that will make the bill tough for Republicans to derail in the Senate. But GOP lawmakers will still be able to force votes and make arguments that could give them ammunition for November's congressional elections.
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Arizona fraud alert firm to pay $12M in ad suit

An Arizona company that promised to protect consumers from identity theft has agreed to pay $12 million to settle false advertising claims brought by the Federal Trade Commission and 35 states.
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FDA panel narrowly backs benefit of InterMune drug

Federal health advisers say an experimental drug from InterMune Inc. provides a meaningful benefit for patients with a rare lung disease.
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Texas lottery officials move ahead with bidding

Bidding for a new lucrative Texas lottery contract should move forward because there's no evidence that state consultant Gartner Inc. and the lottery's current operator GTECH Corp. improperly shared information about the process, a lottery official said Tuesday.
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Maine gov cool to cell phone health warnings bill

As a proposal to require health warnings on cellular phones got a fresh legislative review Tuesday, Gov. John Baldacci made clear his opposition but stopped short of threatening a veto.
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White House hosts meeting on energy, climate

President Barack Obama is meeting with Cabinet members and key senators from both parties in a bid to move forward on a long-stalled climate and energy bill.
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Texas co. gets contract for food service software

The West Virginia Department of Education has awarded a contract to a Texas company to improve its food service operations at schools across the state.
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Navy says 3 dogs died after contractor neglect

The Navy says that three dogs died and dozens more were in poor health after being neglected by a private security contractor in Chicago that had been hired to train the dogs to detect explosives.
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Broad business coalition opposing health care bill

Major business groups say President Barack Obama's health care overhaul is a job killer, and they're launching a multimillion-dollar ad campaign to take that message to voters.
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Franchisees suing Cardinal Health over agreements

Medicine Shoppe and Medicap pharmacists are suing Cardinal Health, alleging the health care company failed to make good on promises it made when it asked them to switch to a new franchise agreement.
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Woes at family bank loom over Ill. Senate race

With the public still furious over bank bailouts, Democrats desperate to keep President Barack Obama's old Senate seat are scrambling to counter revelations that a bank owned by their candidate's family may be nearing collapse.
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NM job seekers don’t have to disclose crime record

New Mexico became the second state to "ban the box" with Gov. Bill Richardson's signature on a law prohibiting employment applications for government agencies from asking job seekers if they'd been convicted of a crime.
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One Jackson Health System union says it will `come to the table,’ another balks

Spokesmen for one Jackson Health System union offered Tuesday to be “realistic'' in offering concessions for Miami-Dade's troubled public health system, while another union leader said that offering pay cuts was like “putting money into a sieve.''
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Judge approves Freedom reorganization plan

A federal bankruptcy judge in Delaware has approved the Chapter 11 reorganization plan of Freedom Communications, owner of The Orange County Register in California and other media properties.
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Greek PM not looking for aid in meeting with Obama

Ahead of a meeting Tuesday with President Barack Obama, Greek Prime Minister George Papandreou said the United States cannot afford to ignore the financial woes of his country and, by extension, Europe.
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Texas Instruments shares slip after 1Q update

Shares of Texas Instruments Inc. slipped Tuesday as investors gave the chip maker's latest financial projections a cool reception.
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Moderate Dem rethinks position on health bill

A moderate Democrat who had vowed to oppose any effort by party leaders to push a health care bill through the Senate with a simple majority vote is rethinking her position.
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Google welcomes chance to export to Iran, Cuba

A senior Google executive welcomed on Tuesday a U.S. decision to relax restrictions on exporting Internet communications services to Iran, Sudan and Cuba.
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MGM Mirage to sell $845 million in bonds

Casino operator MGM Mirage said Tuesday it will sell $845 million in new bonds due in 2020, looking to build a healthier balance sheet amid a gambling industry slump.
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Merkel says EU bailout fund would halt speculators

German Chancellor Angela Merkel said Tuesday that a European monetary fund to bail out eurozone nations in need would send a clear signal to markets speculating on the possible break-up of Europe's currency union.
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Mortgage bankers to meet in Coral Gables

The Mortgage Bankers Association of South Florida is holding its first meeting at 11:30 a.m. Tuesday at the Riviera Country Club, 1155 Blue Rd., Coral Gables.
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A policy change on abortion, but how radical?

President Barack Obama's health care bill would change federal policy on abortion, but not open the spigot of taxpayer dollars that some abortion opponents fear.
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Merck, Sanofi to unite animal medicine businesses

PET MEDS: Two top pharmaceutical companies, Merck & Co. and Sanofi-Aventis SA, are uniting their animal health businesses in what would be the world's largest veterinary medicine company.
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Some current Merck, Sanofi-Aventis animal drugs

Some of the top products from animal health businesses Merial and Intervet/Schering-Plough, which are being combined under a deal announced by Merck & Co. and France's Sanofi-Aventis SA:
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Merck, Sanofi combining animal medicine businesses

Two of the world's biggest pharmaceutical companies said Tuesday they are uniting their animal health businesses in a deal to become the top dog in the veterinary industry.
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GM dealership reinstatements have little impact on South Florida

A move by General Motors Co. to reinstate 661 dealerships slated for closing may not have a major impact on South Florida since many local dealers were safe to begin with and others decided not to appeal the carmaker's 2009 decision to downsize.
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Jackson South hospital could be multimillion-dollar white elephant

When the Public Health Trust meets Tuesday to consider $165.4 million in budget cuts, one of the toughest debates is likely to be over the proposed closing of Jackson South, the suburban facility on which the system has pinned its hopes for the past six years.
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IBC Airways to offer nonstop flights from MIA to Cap-Haitien

Starting April 5, IBC Airways will offer nonstop flights to Cap-Haitien, Haiti, from Miami International Airport, the South Florida cargo and charter airline announced Monday.
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Small claims workshop set for Tuesday

Learn how small claims court works and get help filing your case at a free workshop hosted by the Miami-Dade Consumer Services Department in Spanish and English at 6:30 p.m. Tuesday.
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South Floridian charged with Medicaid fraud

Juan Blandy, owner of Supreme Home Health Care Agency, was arrested last week by the Florida attorney general's Medicaid Fraud Control Unit and Miami-Dade Police.
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Top 10 online searches in Miami

What's on the mind of wired locals? Here are the Top 10 search terms in Miami this past week:<p/>1. Dancing with the Stars 2. Alice In Wonderland 3. Paul McCartney tickets 4. Kim Kardashian 5. Katy Perry 6. Online games 7. [...]
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World markets mixed after lackluster US finish

Most Asian markets rose slightly Tuesday, but trading was subdued as investors awaited more clues about the health of the world economy following big gains the day before. European shares slipped in early trade.
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Captain Morgan booted from NYC Puerto Rican parade

Captain Morgan rum is no longer welcome as a sponsor of the National Puerto Rican Day parade in New York City.
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Prius with stuck accelerator glides to safe stop

A California Highway Patrol officer helped slow a runaway Toyota Prius from 94 mph to a safe stop on Monday after the car's accelerator became stuck on a San Diego County freeway, the CHP said.
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How the major stock indexes fared on Monday

Stocks ended mixed after a new round of mergers and acquisitions raised some hope for the economy. Financial shares rose after insurer American International Group Inc. reached a deal to sell one of its major foreign divisions to MetLife Inc. for $15.5 billion. Meanwhile, health care stocks fell after President Barack Obama called for passage [...]
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Texas Instruments raises low end of 1Q guidance

Texas Instruments Inc. raised the lower end of its first-quarter guidance Monday.
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Culver letter prompts Wellmark to delay rate hike

Iowa's largest health insurance provider will delay a planned premium increase after Gov. Chet Culver raised questions Monday about the higher rates to the state insurance commissioner.
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Union wants to speak before Public Health Trust

Local leaders of the American Federation of State, County and Municipal Employees have asked to address the Public Health Trust at their board meeting on Tuesday.
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Chase to open 13 branches in Calif. supermarkets

JPMorgan Chase & Co. will open 13 new Chase bank branches in Stater Bros. Markets stores in California.
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Essex buys condominium project in California

Essex Property Trust Inc., a real estate investment trust, said Monday it agreed to acquire a stake in a 349-unit condominium project in Santa Ana, Calif., for $128 million.
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Clinton, beverage group: School efforts working

The beverage industry says that drinks sold in schools are getting healthier.
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Jackson South hospital could be multimillion-dollar white elephant

Of all the proposed cuts announced last week for the Jackson Health System, the one with the biggest implications is closing down Jackson South, where a $102-million, four-story addition is 40 percent complete.
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Brazil announces sanctions on US cars, fruit

Brazil announced trade sanctions on a range of American goods Monday in retaliation for the United States' failure to eliminate billions in illegal cotton subsidies – a move that affects products from Ford automobiles to Heinz ketchup.
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Treasury allows Internet exports to Iran, others

The Treasury Department is allowing the export of Internet communications services such as instant messaging, e-mail and Web browsing to Iran, Sudan and Cuba to help people in those countries communicate.
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Court will hear case about vaccine side effects

The Supreme Court will decide whether drug makers can be sued by parents who claim their children suffered serious health problems from vaccines.
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Court will decide if NASA checks can continue

The Supreme Court will decide whether to continue to block background checks of low-risk employees at NASA's Jet Propulsion Laboratory in California.
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Ahead of the Bell: Texas Instruments update

Analysts expect chip maker Texas Instruments Inc. to shift its forecast for the current quarter somewhat higher late Monday as business continues to recover.
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Reservations required for Florida cash-for-clunker appliances program

Reservations aren't just for dinner anymore. Floridians who want to cash in on the much-anticipated government cash-for-clunker appliances rebate program next month will need to reserve a spot to claim their 20 percent discount on new energy-efficient stoves, refrigerators and dishwashers.
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AIG sells Alico unit to MetLife for $15.5 billion

American International Group is selling an overseas life and health insurance unit for $15.5 billion to MetLife as it continues to shed assets to repay billions in government aid.
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Obama appeals for public support on health care

President Barack Obama ratcheted up his attacks against insurance companies Monday in a last-ditch attempt to get a reluctant public and skittish Democrats behind his health overhaul legislation.
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Cities not on track with Calif high-speed rail

Mayor Art Brown spent years pushing for a commuter train station combined with nearby housing in his community. But as townhouses are being finished around the $14 million Metrolink station, he's facing the prospect that California's high-speed rail line may plow right through his beloved project.
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Federal regulators launch probe of big agriculture

Some Obama administration officials have made clear their unease with the increasing control a handful of corporations have over the nation's food supply, and this week in Iowa they could show whether they are serious about changing the system.
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Bankruptcies

BANKRUPTCIESRecent bankruptcies for the Southern District of Florida:<p/>CCB Bronze, 3300 NE 192 St. Apt. 804, Miami. Chapter 7. Pelayo M. Duran, 305-266-9780.
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South Florida to have vital role along Haiti’s road to recovery

Clearly the needs in earthquake-ravaged Haiti are huge. Homes, stores, banks, schools and government and commercial buildings have been reduced to rubble. Roads have buckled and the Caribbean nation's ports have taken heavy hits.
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Contest rules

Have you hatched a great idea for a business? You can enter our 12th Annual Miami Herald Business Plan Challenge, co-sponsored by Florida International University's Pino Global Entrepreneurship Center. This year, we will have three contests: A Community Track, which is the main contest open to all South Floridians, an FIU Track and a Student [...]
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Freight that can’t wait is big business at Miami International Airport

Standing in one of Arrow Cargo's huge warehouses at Miami International Airport, Rodrigo Canola, the freight airline's export manager, pointed to stacks of electronic equipment from China and Korea, each separated according to their destinations in Latin America and the Caribbean.
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