MONEY STORE CEO RESIGNS: First Union Corp. said William Templeton resigned Friday as chief executive of its Money Store lending unit. First Union wouldn't say whether it named a replacement. The bank plans to say more about Templeton's departure this week, a spokeswoman said. First Union bought The Money Store Inc. in June 1998 for $2.1-billion. Templeton, 50, served as CEO of the consumer-finance unit since May, when he succeeded company founder Marc Turtletaub. The Charlotte, N.C., bank, struggling to regain investor confidence after twice cutting its profit forecast in the past year, said its purchase of Money Store will reduce earnings by 3 cents a share this year as the bank changes the way it accounts for home-equity loans.
NETOY.COM NAMES CEO: Netoy.com, an online toy retailer based in Largo, has named former Walt Disney Co. executive Gilbert Serrano as chief executive. Serrano was with Disney for five years, working in retail operations and sports merchandising. He will work with company chairman and founder Michael Cao.
Net income fell 6.6 percent for the the nation's biggest operator of outpatient rehabilitation clinics in the quarter ended June 30. The Birmingham, Ala., company operates 24 surgery and rehab centers in the Tampa Bay area.
2ndQtr Year Ago
Revenue $1.05-bil $979.1-mil
Net Income $114-mil $122-mil
Per Share 27 cents 28 cents