RATES RISING (The Plain Dealer) Borrowing will cost more after

RATES RISING (The Plain Dealer)
Borrowing will cost more after the Federal Reserve raised a key interest rate Tuesday. Several local banks, including KeyCorp, National City and U.S. Bank, immediately raised their prime rate - the benchmark on which many loans and credit lines are based - to 7.5 percent.

MORE BUSINESS BRIEFS: Miami's Ocean Bank reports higher profits (Miami Herald)
Profits at Ocean Bank, which has long ridden the wave of South Florida's real estate boom, surged 16 percent in 2005, the bank reported.