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Bloomberg News

Bloomberg News

May 30, 2013 | Daily Business Review

Lloyds Sells Miami Business to Banco Sabadell

Lloyds Banking Group agreed to sell its international private-banking business to Swiss wealth manager Union Bancaire Privee for as much as $151 million in cash. The business in Miami will be sold to Banco Sabadell for as much as $12 million in cash.

By Bloomberg News

3 minute read

June 24, 2011 | Daily Business Review

Quiznos owners said to plan equity investment to refinance debt

Owners of the Quiznos sandwich chain are planning to invest about $50 million of equity to help the company refinance debt and avoid a technical default later this year, according to a person with knowledge of the situation.

By Bloomberg News

2 minute read

March 05, 2013 | Daily Business Review

Hostess sales of bread brands draw objection over releases

Hostess Brands' planned sales of most of its bread business shouldn't be approved as currently structured because the buyers would be improperly released from liabilities and obligations to comply with environmental laws, the U.S. said.

By Bloomberg News

2 minute read

March 16, 2012 | Daily Business Review

Wealthy families skip waiting rooms with concierge medical plans

Well-heeled executives and their families increasingly are paying tens of thousands of dollars a year for high-end medical services that aren't covered by insurance.

By Bloomberg News

2 minute read

April 01, 2013 | Daily Business Review

Moody's review of bailouts may dent banks, JPMorgan says

A reduction in Moody's estimate of how much taxpayer support financial firms will receive in a crisis may result in credit ratings cuts for banks from Wells Fargo to Goldman Sachs.

By Bloomberg News

3 minute read

October 17, 2012 | Daily Business Review

Marriott sues Eden Roc owner over takeover attempt

Marriott International is suing the owner of the Eden Roc Renaissance Hotel in Miami Beach over trying unsuccessfully to oust Renaissance Hotel Management Co. as manager of the hotel.

By Bloomberg News

2 minute read

September 28, 2012 | Daily Business Review

Mortgage rates for 30-year loans fall to record low of 3.4 percent

The average rate for a 30-year fixed loan fell to 3.4 percent in the week ended Thursday from 3.49 percent. It was the lowest in data going back to 1971. The average 15-year rate dropped to 2.73 percent, also a record, from 2.77 percent.

By Bloomberg News

2 minute read

April 10, 2013 | Daily Business Review

Florida orange crop estimate cut because of disease, drought

Florida's orange crop, the world's second largest, will be 0.7 percent smaller than forecast in March, the government said, as damage from a bacterial disease and dryness spreads.

By Bloomberg News

2 minute read

February 07, 2012 | Daily Business Review

Era of falling food prices seen at end on growth in population

The United Nations' Food and Agriculture Organization has said global food output must rise 70 percent by 2050 to feed a world population expected to grow to 9 billion from 7 billion now.

By Bloomberg News

2 minute read

August 10, 2012 | Daily Business Review

Home prices rise in 75 percent of U.S. cities as markets stabilized

Prices for single-family homes climbed in three-quarters of U.S. cities, and values nationally jumped the most since 2006 as real estate markets stabilized.

By Bloomberg News

3 minute read