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The Village of Imagine has fallen victim to the local and nationwide housing slump.

Brazilian airplane-maker Embraer will open a $51 million, 150,000-square-foot assembly plant at Melbourne International Airport, the company and state officials announced this afternoon.

Consumers, battling soaring gasoline prices and a slumping economy, cut back further on their spending in April.

Wall Street turned in a mixed performance Tuesday after a fresh report on retail sales and a new oil price record told investors the same old story: The economy is hurting and costs are rising, but things could be worse.

Oil prices shot to a new record near $127 a barrel Tuesday on concerns that Iran may consider cutting crude oil production. Gas prices, meanwhile, rose to a new record over $3.73 a gallon Tuesday, and their advance shows little sign of slowing with Memorial Day weekend, the traditional start of the summer driving season, just 10 days away.

The United States Department of Justice has charged and intends to prosecute individuals responsible for the theft of credit and debit card numbers from 11 Dave & Busters Inc. locations, including the one in Jacksonville.

A local developer has acquired an out parcel on Beaver Street for a $700,000 retail project.

Third quarter earnings were down 15.7 percent for Winn-Dixie Stores Inc., a drop the company attributed to higher reported income tax expense and lower interest income. (WINN)

Sales of existing single-family homes and condominiums in Northeast Florida dropped another 36 percent and 40 percent, respectively, in the first quarter, according to the Florida Association of Realtors.

The information technology division of MPS Group Inc. has acquired a German competitor for an undisclosed amount. (MPS)

Saks Fifth Avenue, a veteran retailer at The Galleria mall in Fort Lauderdale, soon will close its doors, leaving another vacant anchor space at the shopping center.

Research In Motion Ltd. on Monday introduced its first major new BlackBerry model in more than a year: the Bold, a high-end model that further demonstrates the company's desire to make tools for both work and play.

Cablevision Systems Corp. is buying the Long Island-based newspaper Newsday from Tribune Co. in a deal valued at $650 million, the companies announced Monday.

Boca Raton-based Devcon International Corp . , which specializes in electronic security for homes and businesses, said Monday it expects to stop listing its stock on the Nasdaq stock exchange Friday after notification it does not comply with requirements for $10 million in shareholder's equity.

Improving credit outlook also helps

Wall Street rallied Monday as oil prices fell back and alleviated some investors' concerns about accelerating inflation. The Dow Jones industrials gained 130 points.