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Orlando Business News - OrlandoSentinel.com
Micron CEO dies in plane crash, industry stunned
3 Feb 2012 at 9:00pm
BOISE, Idaho/SAN FRANCISCO, Feb 3 - Micron Technology Inc Chief Executive and Chairman Steve Appleton died in a small plane crash on Friday, a major loss for a U.S. memory chipmaker already struggl...


Super Bowl XLVI goes mobile with apps, live stream
3 Feb 2012 at 4:27pm
Super Bowl XLVI goes mobile Sunday, offering a bunch of apps for fans at the game in Indianapolis and for those at home, as well as an online live stream -- a first for the NFL.





On social media at work? Companies' policies vary, so beware
2 Feb 2012 at 7:43pm
Maybe it doesn't rank with the first time man lit up the cave with fire, but Susan Spradley vividly recalls the day voice mail came to her law office.





UCF medical-school hospital raises concerns
3 Feb 2012 at 12:00am
The University of Central Florida is proceeding with plans to build a teaching hospital despite objections and concerns being voiced by its two partners in the medical school — Florida Hospital and...


Jobless rate at 3-year low as payrolls surge
3 Feb 2012 at 7:15pm
WASHINGTON (Reuters) - The United States created jobs at the fastest pace in nine months in January and the unemployment rate unexpectedly dropped to a near three-year low, giving a boost to Presid...


Orange tourist tax dips for 1 s t time in 22 months
2 Feb 2012 at 5:38pm
Orange County's hotel tax collections faltered slightly in December, after nearly two years of consecutive year-over-year increases.





Florida Senate panel offers plan to tax online retailers
2 Feb 2012 at 5:08pm
TALLAHASSEE – With lobbyists for Amazon.com Inc.watching silently, the Florida Senate on Thursday took the first step toward trying to force the Internet giant and other online retailers to collect...


Orlando's Wet 'n Wild to add playground for younger set
27 Jan 2012 at 3:07pm
Wet 'n Wild became the latest Central Florida park to target the young kids demographic Friday, with an announcement that its first new attraction in more than four years will be a giant water play...


Beth Kassab: Theme parks were smart to bar girl with no hands from thrill rides
1 Feb 2012 at 7:21pm
Katie Champagne has a story that will leave you both inspired and angry.





Flights to Cuba from Orlando get green light from U.S. government
1 Feb 2012 at 7:59pm
Orlando International Airport got word Wednesday that it has permission to offer flights to Cuba, making it the seventh airport in Florida to receive such federal approval.





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Snakes compete for rooftops as floods hit east Australia
3 Feb 2012 at 10:25pm
SYDNEY, Feb 4 (Reuters) - Thousands of Australians were cut off by floodwaters on Saturday as heavy rain broke river banks across the vast eastern outback and some families battled with deadly snak...

UPDATE 3-US prosecutors drop probe of Lance Armstrong team
3 Feb 2012 at 9:53pm
Los Angeles, Feb 3 (Reuters) - Federal prosecutors on Friday dropped an investigation centered on whether seven-time Tour De France champion Lance Armstrong and his teammates cheated the sponsor of...

Actor Ben Gazzara dead at 81
3 Feb 2012 at 9:51pm
LOS ANGELES (Reuters) - Actor Ben Gazzara, known for his brooding tough-guy presence in dozens of films, television shows and stage productions over his long career, died of pancreatic cancer on Fr...

Sunshine Oilsands postpones Hong Kong $700 mln IPO-WSJ
3 Feb 2012 at 9:33pm
HONG KONG, Feb 4 (Reuters) - Sunshine Oilsands Ltd, a Canadian oil explorer backed by Chinese state-owned enterprises, has delayed the launch of a planned up to $700 million initial public offering...


UN 'blood diamond' group aims to salvage campaign
3 Feb 2012 at 8:34pm
The new chief of the UN-sponsored Kimberley Process that aims to stop "blood diamonds" reaching market said she was in talks to regain support of a campaign group that recently quit the...

Jovial Panetta shrugs off controversies on Europe trip
3 Feb 2012 at 7:34pm
RAMSTEIN AIR BASE, Germany (Reuters) - If Defense Secretary Leon Panetta was unsettled by making headlines that jangled nerves from Kabul to Washington on his trip to Europe this week, it didn't da...


Cemex posts $146 million loss in 4th quarter
3 Feb 2012 at 7:25pm
Mexico's Cemex, the world's third largest cement maker, posted a loss of $146 million in the fourth quarter of 2011, a company spokesman told AFP Friday. But Jorge Perez said that...

Durcan takes over as CEO in wake of Appleton death
3 Feb 2012 at 7:23pm
The board of directors for Micron Technology Inc. has named president and chief operating officer Mark Durcan as the company's interim chief executive officer. The move comes hours after

Canadian PM to visit China next week
3 Feb 2012 at 7:16pm
Canada's prime minister heads to China next week where he'll discuss Canada's vast oil reserves in a visit that's being viewed as an "open warning" to the United States, which rejected a...

Iran threatens retaliation over oil embargo
3 Feb 2012 at 7:15pm
TEHRAN (Reuters) - Iran's supreme leader threatened on Friday to retaliate against the West for sanctions, a day after a U.S. newspaper said defense secretary Leon Panetta believed Israel was likel...

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Reuters: Business News
Nasdaq vaults to 11-year high on surge in jobs
3 Feb 2012 at 7:14pm
NEW YORK (Reuters) - A surge in hiring in the world's largest economy last month drove the Nasdaq to an 11-year high on Friday as optimism grew that the labor market is on a steady path to recovery.



Jobless rate at 3-year low as payrolls surge
3 Feb 2012 at 7:14pm
WASHINGTON (Reuters) - The United States created jobs at the fastest pace in nine months in January and the unemployment rate unexpectedly dropped to a near three-year low, giving a boost to Presid...

Analysis: Stock-picking makes a comeback as macro tides fade
3 Feb 2012 at 2:45pm
NEW YORK (Reuters) - Stock-picking once again matters on Wall Street.



New York sues banks over electronic mortgage system
3 Feb 2012 at 5:54pm
NEW YORK (Reuters) - New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database that resulted in decep...

Wall Street analysts struggle to predict Apple
3 Feb 2012 at 5:51pm
SAN FRANCISCO (Reuters) - By day, Robert Leitao manages a Catholic church in Southern California. By night, he indulges his other passion: predicting Apple Inc's results.



Factory orders up, business spending rises
3 Feb 2012 at 2:56pm
WASHINGTON (Reuters) - New orders for U.S. factory-made products posted a second straight monthly rise in December and business capital spending also picked up, a government report on Friday showed.



Nasdaq core profit tops expectations
3 Feb 2012 at 6:32pm
(Reuters) - Nasdaq OMX Group Inc's core profit topped analysts' expectations for the fourth quarter, boosted by a rise in revenue from market data and technology, which helped offset a soft tradin...

Stanford had secret fund for bribes, yacht: witness
3 Feb 2012 at 6:35pm
HOUSTON (Reuters) - Texas financier Allen Stanford drew on a secret Swiss bank account for personal expenses such as yacht maintenance and to pay bribes, the government's top witness said at Stanfo...

A sobering look at Facebook
3 Feb 2012 at 5:15pm
SAN FRANCISCO (Reuters) - It's the year's hottest initial public offering, but some wealth managers find themselves having a hard time recommending Facebook to their clients.



Central bank liquidity tap to stay open
3 Feb 2012 at 11:10am
LONDON (Reuters) - After a blockbuster January for both equities and bonds - rallies that caught many in the market by surprise - investors will be paying keen attention to the world's central bank...

AP Top Business News At Midnight EST
Greek debt talks to stretch into weekend
3 Feb 2012 at 6:55pm
ATHENS, Greece (AP) -- "Crucial" issues remain to be resolved in Greece's critical negotiations over a second multibillion euro international bailout, and talks would continue into the weekend,...

Canadian PM to visit China next week
3 Feb 2012 at 7:16pm
TORONTO (AP) -- Canada's prime minister heads to China next week where he'll discuss Canada's vast oil reserves in a visit that's being viewed as an "open warning" to the United States, which r...

Shareholders sue Hecla Mining Co. after deaths
3 Feb 2012 at 6:52pm
COEUR D'ALENE, Idaho (AP) -- Some shareholders have sued Hecla Mining Co. for stock losses they endured after the federal government shut down the Lucky Friday Mine for safety violations....

Hiring surges in January; jobless rate at 8.3 pct.
3 Feb 2012 at 11:51pm
WASHINGTON (AP) -- In a long-awaited surge of hiring, companies added 243,000 jobs in January - across the economy, up and down the pay scale and far more than just about anyone expected. Unemp...

Ex-Stanford exec tells jurors bank's profits faked
3 Feb 2012 at 7:32pm
HOUSTON (AP) -- Texas financier R. Allen Stanford helped fake profits for his Caribbean bank and funnel millions of depositors' dollars to a secret Swiss bank account used for personal expenses...

Jobs report lifts Dow to highest mark since '08
3 Feb 2012 at 5:57pm
NEW YORK (AP) -- A drop in the unemployment rate to its lowest level in three years propelled the Dow Jones industrial average Friday to its highest close since May 2008, before the financial m...

Super Bowl ads that generate buzz after the game
3 Feb 2012 at 11:40am
NEW YORK (AP) -- Companies hope you'll be gabbing about their Super Bowl ads on Monday morning. But the ultimate score is if those conversations continue throughout the year....

NY's Schneiderman sues banks in foreclosure effort
3 Feb 2012 at 5:53pm
ALBANY, N.Y. (AP) -- New York's attorney general on Friday accused some of the nation's largest banks of deceit and fraud in using an electronic mortgage registry that he said puts homeowners a...

CEO of chip maker Micron dies in plane crash
3 Feb 2012 at 8:12pm
BOISE, Idaho (AP) -- The head of memory chip maker Micron, long known for taking risks in stunt piloting, died Friday when a small experimental plane he was piloting steeply banked, stalled and...

Pew study: Facebook users get more than they give
3 Feb 2012 at 10:59am
NEW YORK (AP) -- The goody-two-shoes among us say it's better to give than to receive. That's not true for the average Facebook user, though....