Copyright 2000 The Tribune Co. Publishes The Tampa Tribune
The Tampa Tribune
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June 7, 2000, Wednesday, FINAL EDITION
SECTION: BUSINESS & FINANCE, Pg. 1
LENGTH: 534 words
HEADLINE:
Biz Briefs;
BYLINE: A Tribune staff, wire report;
BODY:
TAMPA BAY AREA TECO proposal OK'd
The Florida Public Service Commission gave Tampa Electric Co. the
go-ahead to buy power from some of its customers during energy
emergencies. Some large industrial customers produce their own electricity
from steam, which they could then sell to the utility at market prices.
South county land sells
Terrabrook, the development company behind
Westchase in Tampa, has purchased 459 acres on U.S. 301 south of Symmes
Road in the Riverview area. The price was $ 7.8 million. Construction is set to
start this year, and 1,140 single-family homes and 215 town homes are
planned. Delay by Florida Progress
Florida Progress Corp. has
again delayed its annual meeting for shareholders because of difficulties
in drafting documents about the company's pending $ 5.3 billion acquisition by
Carolina Power & Light Co. Instead of June 28, the meeting will be
Aug. 17 in St. Petersburg. BAE wins contract
BAE Systems Flight
Simulation and Training operation in Tampa won an Air Force contract worth up
to $ 10 million over five years to provide C-130 aircrew and maintenance
projects.
Training will be conducted at BAE's Tampa simulator site and
elsewhere. Reptron to aid SeaView
The K-Byte division of Reptron
Electronics Inc. in Tampa has agreed to be a turnkey contract manufacturer
for St. Petersburg-based SeaView Video Technology Inc., which markets underwater
video equipment. Production is due to begin in July. NATION
Settlement on slamming
Long-distance giant WorldCom will pay $ 3.5
million as part of an agreement with federal regulators to settle charges
that it switched customers' telephone carriers without permission, a
practice known as slamming. The settlement represents the highest slamming
payment collected by the Federal Communications Commission.
Bernard Ebbers, chief executive officer and president, said the
incidents highlighted by the FCC were perpetrated by a few sales employees
who were fired. Airline merger draws flak
Minnesota Attorney
General Mike Hatch has asked the U.S. Department of Justice to block the
proposed United Airlines-US Airways merger and said he
would sue to stop it if regulators don't.
Industry experts have said
United's competitors, including Minnesota-based Northwest Airlines, likely
would have to explore merger possibilities of their own to be viable if the
United merger is approved. Job cuts defy data
Job cuts in
May decreased 27 percent from April, showing the labor market continues to be
very tight, according to data released by Challenger, Gray &
Christmas. The data contrasts with Friday's employment report, which
showed the unemployment rate rose to 4.1 percent in May from 3.9 percent
in April. NET NEWS Renting software on Net
Microsoft
Corp. entered into a strategic alliance with Compaq Computer Corp. and Britain's
Cable & Wireless PLC that will allow small and midsize businesses to
"rent" popular software programs such as Microsoft's Office suite over the
Internet for a monthly fee. STOCK QUOTES AND UPDATES
Get updated
quotes, and track your portfolio and the market around the clock at www.tbo.com
GRAPHIC: SIGNATURE (C)
NOTES:
BIZ BRIEFS
LOAD-DATE: June 8, 2000
