Gorman’s gamble pays

James Gorman’s big bet on Morgan Stanley’s brokerage business is finally starting to pay dividends.The investment banking chief — who has hitched the firm’s fortunes to its legion of 17,000 financial advisers at its wealth-management unit — reported fourth-quarter results that topped analysts’ expectations. The performance sent the shares up nearly 8 percent...

Read More..

Norwegian Cruise Line launches strong IPO

Miami-based Norwegian Cruise Line joined its larger local competitors on Wall Street Friday in a strong debut.Norwegian Cruise Line Holdings Ltd. raised nearly $447 million in an initial public offering of about 23.5 million shares and saw stocks sail 30 percent in trading. Shares closed Friday afternoon at $24.79, up $5.79 from the $19 offering price set late Thursday night....

Read More..

Sen. Marco Rubio to swear in Miami-Dade commissioner Rebeca Sosa on Friday

Miami-Dade Commissioners Rebeca Sosa becomes Miami-Dade commission’s first Hispanic chairwoman when she is sworn in on Friday by U.S. Sen. Marco Rubio. Also being sworn in is fellow commissioner Lynda Bell, who is now the vice chair. Miami-Dade County Judge Gladys Perez will swear in Bell The installation ceremony will be at 11:30 a.m. ceremony at the commission chambers...

Read More..

ASUS in talks with Microsoft to develop a Windows Phone 8 smartphone

The PC industry is in shambles and manufacturers have begun to explore new options to increase revenue. According to The Wall Street Journal, ASUS (2357) is in talks with Microsoft (MSFT) on a licensing deal to offer Windows Phone 8 device. This makes sense for ASUS since smartphone shipments increased by nearly 50% in 2012, compared to a mere 3.2% growth in computer shipments, and the company already...

Read More..

Undercover Boss Gets Chastised by Pushy Manager

A verbally abusive manager is bound to get his comeuppance on the next Undercover Boss.PICS: Celebrity Dream JobsPresident of Moe's Southwest Grill, Paul Damico, gets a rude awakening while going through employee training at one of the restaurant's branches. Under the alias Marc, Paul is chastised by a store manager on a power trip."Tito's a little flippant with me," Paul says, who felt the atmosphere...

Read More..

Thieves prey on Brooklyn residents who leave their doors open

You're not in Kansas anymore. It’s Brooklyn!Thieves last year preyed on dimwitted residents who left their doors open in the rapidly gentrifying neighborhoods of Boerum Hill, Brooklyn Heights and Downtown Brooklyn.There were 146 burglaries in the 84th Precinct in 2012 — and almost 50 came from residents who left their doors opened or unlocked, authorities...

Read More..

Prices for Miami Beach luxury condos soar to records

Ultra-luxury condominiums on South Beach are fetching nosebleed prices.On Tuesday, a penthouse at the Setai Resort at 2001 Collins Avenue closed for $27 million — the highest price ever for a South Florida condominium, according to real estate agents. “We’re definitely seeing the market turning upward,” said Jeff Miller, of Zilbert International Realty in Miami, who represented...

Read More..

Scammers to be sentenced for selling fake Cuban birth certificates to people seeking U.S. residency

U.S. District Judge Cecilia Altonaga is expected Friday to sentence members of a network who sold false Cuban birth certificates to undocumented immigrants so they could pretend to be Cubans and obtain green cards. Thanks to the 1966 Cuban Adjustment Act, Cubans who arrive in the United States without a visa can remain in the country and apply for residence after a year and...

Read More..

Commentary: Background Checks? Yes, but Leave Video Games Alone

COMMENTARY | I have mixed feelings toward the White House‘s gun violence response. I agree that background checks should be required before people are allowed to buy a firearm and that an assault weapon ban should be reinstated into law. While limiting the number of bullets in a weapon’s magazine will decrease the number of deaths in a mass shooting, the public does not need high-capacity magazines....

Read More..

Kirstie Alley's Cheers Reunion

It's been nearly two decades since Cheers went off the air, but the onscreen chemistry hasn't changed between Kirstie Alley and Rhea Perlman, as seen in Kirstie's new TV Land pilot, Giant Baby.On the show, Kirstie plays a Broadway diva whose life gets up-ended.VIDEO: Kirstie Alley Celebrates 62nd Birthday with ET"You know, we were planning this when we were doing Cheers," Kirstie said of reuniting...

Read More..