Ruden McClosky handing off two offices
Citing the tough economy, Fort Lauderdale-based Ruden McClosky said it will hand off its St. Petersburg and Sarasota offices and their combined staff of about 20 attorneys to the New Orleans law firm of Adams and Reese. The cost-cutting enables Ruden McClosky to concentrate its regional resources on its 25-lawyer Tampa office, which will serve clients throughout the Gulf Coast region. The cuts mean the law firm will shrink from about 150 to 130 attorneys and from 11 to nine offices in the state. For Adams and Reese, the addition of the St. Petersburg and Sarasota attorneys establishes the Louisiana firm's first toehold in the Florida market.
Tech Data okays stock buyback
Tech Data Corp.'s board authorized a $100 million stock buyback Wednesday, signifying strengthened cash flow and confidence. Since 2005, the Clearwater computer products distributor has completed $400 million in share repurchases. "Our financial position and cash flow remain very strong and this program underscores the confidence our board has in Tech Data's long-term business opportunities," Tech Data chief executive Robert Dutkowsky said in a statement. Beyond the repurchase program, Tech Data will continue to consider spending its cash on strategic acquisitions and investments in existing operations, Dutkowsky said. Tech Data's stock in recent months has been trading comfortably above $40 a share, more than bouncing back from a precipitous drop in late 2008. News of the buyback came after the close of market. Shares in Tech Data closed Wednesday at $42.36 apiece, up 5 cents.
Event connects vets, employers
Job-seeking veterans and their spouses can meet with companies at the RecruitMilitary Opportunity Expo today at the Tampa Bay Performing Arts Center, 1010 N. W.C. MacInnes Place, Tampa. The expo runs from 11 a.m. to 3 p.m., and is open to veterans who have civilian work experience, those transitioning from active duty to civilian life, members of the National Guard and reserves, and military spouses. Businesses expected at the expo include: Aflac, Argosy University, Delta Connection Academy, DeVry University, FastTrain, Healthcare Administration — Department of Veterans Affairs, Hillsborough County Sheriff's Office, the Internal Revenue Service, Lockheed Martin Corporation and the Transportation Security Administration.