1. Archive


BOTTLER TO CUT 2,000 JOBS: Coca-Cola Enterprises, the world's largest Coke bottler, said it is cutting 2,000 jobs, about 3 percent of its worldwide work force, to streamline its North American operations. The company said it expects to save $80-million to $100-million from the cuts, beginning next year.

DISNEY ORDERED TO PAY PENALTY: A federal judge ordered Walt Disney Co. to pay $1.5-million to a former senior vice president whose heirs claimed he was pressured to sign away stock options and life insurance benefits while dying of AIDS. A Los Angeles jury in April 2000 found Disney had no right to deny Robert Jahn his benefits while he was on his deathbed. Jahn in 1994 agreed to renounce his pension, stock options and deferred bonuses to avoid being sued for allegedly taking kickbacks from vendors while he was in charge of producing movie trailers and television commercials for Disney.

RETAILER TO IMPROVE ACCESS: The May Department Store Co.'s 430 stores will be renovated to make aisles, fitting rooms, bathrooms and telephones more accessible to disabled shoppers under a class-action settlement. The agreement is the first by a national department store chain on merchandise access under the Americans With Disabilities Act, said Matthew Dietz, a lawyer who sued the parent of Lord & Taylor, Filene's and others stores. The settlement does not estimate the cost of the changes. Similar lawsuits are pending against the Macy's and Burdines chains.

TUPPERWARE, TARGET TEAM UP: Tupperware Corp. of Orlando said it will sell its products in 62 SuperTarget stores beginning in October. The stores will be staffed with Tupperware consultants who will explain and demonstrate the products like they do at Tupperware parties. There are no SuperTarget stores in the bay area.

Earnings Republic Bancshares Inc.

The St. Petersburg parent of Republic Bank reported flat earnings for the quarter ended June 30 amid plans to expand in Central Florida.

Republic chief executive William Klich said the bank has bought a new branch site in Tampa and is negotiating for two more Tampa locations. The bank also is opening a new branch in the Key West district next month, has a branch site under contract in Orlando and is expanding in Monroe County to four branches.

2nd Qtr Year Ago

Net Income $1.69-mil $1.69-mil

Per Share 15 cents 15 cents

Media General Inc.

The Richmond, Va., parent of the Tampa Tribune and WFLA-Ch. 8 reported a 20 percent decline in earnings as advertising revenues fell. Still, results for the quarter ended July 1 beat analysts' estimates by 3 cents a share.

2nd Qtr Year Ago

Revenue $205.7-mil $211.3-mil

Net Income $7.7-mil $9.6-mil

Per Share 33 cents 39 cents

Gulf West Banks Inc.

The parent of Mercantile Bank of St. Petersburg said total assets exceeded a half-billion dollars for the first time in the quarter ended June 30.

2nd Qtr Year Ago

Net Income $1.15-mil $1.01-mil

Per Share 15 cents 13 cents

F.N.B. Corp.

Non-interest income, including earnings from trust and investment management services, jumped 38 percent in the quarter ended June 30. The Naples, Fla., bank reiterated its third- and fourth-quarter earnings forecasts of 51 cents and 55 cents per share, respectively.

2nd Qtr Year Ago

Net Income $11-mil $10.7-mil

Per Share 41 cents 41 cents

Tropical Sportswear Int'l Corp.

Earnings tumbled in the fiscal quarter ended June 30, as the Tampa clothing manufacturer blamed the sluggish economy.

3rdQtr Year Ago

Revenue $107.3-mil $123-mil

Net Income $1.42-mil $5.74-mil

Per Share 18 cents 74 cents