MORE STORIES

• New CEO for SeaDream Yacht Club

  Atle Brynestad, owner and chairman of SeaDream Yacht Club, assumed the additional post of CEO. He succeeds Larry Pimentel, who was CEO of SeaDream since its founding in 2001.

• Disney's Space Mountain to seek makeover

  Space Mountain -- one of Walt Disney World's most iconic attractions -- will be closing this spring for a makeover. Disney said the Magic Kingdom ride will close April 19 so that the 34-year-old attraction can be freshened up. Park officials expect the ride to reopen later in the year, but no date has been set.

• Home-equity credit delinquencies rise

  Late payments on home-equity lines of credit rose to a record in the third quarter, showing consumers remain under financial stress as unemployment rises amid the credit crisis, the American Bankers Association reported.

• South Florida bank ratings

  South Florida-based banks are getting battered by the brutal economic downturn. Click here to download a PDF chart of how local banks performed during the third quarter.
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  BALANCING ACT

  Circus manager juggles job and family life

  Life is tough but satisfying for Mike Stuart -- circus manager, husband and father of two.

• PORTS

  California company sues Broward over port dispute

  A California stevedoring company is suing Broward County for not letting it establish operations at Port Everglades.

• SMALL BUSINESS

  Florida stimulus plan aims to create jobs

  Gov. Charlie Crist outlined an economic stimulus package targeting small businesses.

• INSURANCE

  Panel: Gradual rate hikes for Citizens insurance

  A task force's initial recommendations to shrinking state-run insurer Citizens include not extending its rate freeze beyond this year.

• Overall economic outlook still grim

  A measure of the U.S. services sector improved slightly in December, but pending home sales and factory orders both fell more than expected and the overall economic outlook remains grim.

• Alcoa cuts jobs and spending

  Aluminum producer Alcoa is cutting about 13,500 jobs, 13 percent of its global work force, and slashing spending and output due to the economic downturn.

• Technical defect in Pfizer patent on Lipitor corrected

  A U.S. Patent & Trademark Office decision to correct a technical defect in one of the patents involving Pfizer's (PFE) cholesterol medicine Lipitor maintains the patent's June 2011 expiration date, crucial to Pfizer because Lipitor brings the company nearly $13 billion in annual sales.

• IRS offers helping hand to delinquent taxpayers

  As the nation sinks deeper into recession, the IRS is offering to waive late penalties, negotiate new payment plans and postpone asset seizures for delinquent taxpayers who are financially strapped, but make an effort to settle their tax debts.

• ENERGY

  Price of oil won't remain low for long

  As oil companies cut back on production, experts warn that prices will likely surge upward once the recession clears.

• MUSIC

  Apple has changed its tune on pricing

  At iTunes, copying limits will be lifted and the majority of songs will drop to 69 cents in April, while hits will sell for $1.29.

• Perry Ellis predicts drop in its quarterly revenue

  Miami apparel company Perry Ellis International (PERY) expects fourth-quarter revenues of between $200 million and $210 million, down from $212.3 million in the same period last year.

• Medical supplier to add jobs in Port St. Lucie

  Diabetes-equipment firm Liberty Medical plans to expand its operations in Port St. Lucie, creating up to 800 full-time jobs in the city.
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  HEALTHCARE

  Pharmed ex-owners face prison in $5 million fraud

  Carlos and Jorge de Céspedes may face seven to nine years in prison if the judge follows recommended guidelines.

• Car sales down 29 percent in December in Argentina

  Argentine automobile sales fell the most in at least four years in December as a global financial crisis undermined exports and discouraged domestic sales.
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  Circus manager juggles job and family life

  Mike Stuart, general manager of the Ringling Brothers Barnum & Bailey Circus visiting Miami, enjoys the atmosphere, the people and the flexibility of his job.
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  Stock futures dip after Alcoa cuts jobs, output

  Wall Street headed for a lower open Wednesday, sobered by aluminum producer Alcoa Inc.'s decision to slash jobs and production to navigate through the global downturn.

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