FLORIDA JOBLESS RATE RISES: Florida's unemployment rate reached 4 percent in June, the highest it has been since April 1999. The Agency for Workforce Innovation reported that there were 313,000 Floridians looking for work in June. The 4 percent jobless rate was slightly higher than the 3.9 percent unemployment figure for May. The national unemployment rate is 4.5 percent.
DISNEY IN TALKS FOR NETWORK: Walt Disney Co. is close to an agreement to buy cable-TV network operator Fox Family Worldwide Inc. for about $5.3-billion in cash and assumed debt, the Wall Street Journal reported in its online edition. Disney and News Corp., which owns half of Fox Family, declined to comment. Last December, Saban Entertainment Inc., which holds the other half of Fox Family, exercised an option to force News Corp. to buy its stake in the company. The two have not agreed to terms.
IMRGLOBAL SALE CHALLENGED: A lawsuit has been filed challenging the sale of Clearwater-based IMRglobal Corp. to CGI Group Inc. of Montreal just a week before shareholders are to vote on the $438-million merger of the information technology consultants. The potential class-action suit, filed in state court in Florida, claims that CGI is not paying enough for IMRglobal stock and that IMRglobal directors were induced to approve the merger because of personal benefits. IMRglobal chief executive Satish Sanan, who has pledged his 27 percent stake in the company in favor of the deal, will be given a two-year employment agreement with CGI, the forgiveness of a $5-million loan and unspecified stock options. In a statement late Friday, Sanan said the claims in the suit are "entirely without merit." IMRglobal has scheduled a shareholder vote on the merger Friday in New York.