Florida Citrus Mutual CEO leaves for Va.
Florida Citrus Mutual executive vice president and chief executive Andy LaVigne resigned Tuesday to become president and chief executive of the American Seed Trade Association in Alexandria, Va. LaVigne worked for the citrus growers' group for seven years.
Wal-Mart expects tepid December sales
Wal-Mart Stores Inc. on Tuesday said it expects to report that sales in stores open more than a year rose 2.2 percent in December. That would be on the low end of the company's estimates of a 2 to 4 percent sales increase during a holiday season in which it was far more aggressive in promotion and pricing than 2004. Analysts blamed some of the weakness on customers holding off cashing in gift cards they received as presents.
Former Lincare director Cary dies
Frank T. Cary, a director of Lincare Holdings Inc. of Clearwater since July 1991, died Sunday (Jan. 1, 2006), the company said. Mr. Cary, 85, a former CEO of International Business Machines Corp., served on Lincare's board as a member of the compliance and nominating committees. Lincare is a major provider of oxygen and other respiratory therapy services to patients in their homes.
Busch parks extend military promotion
Anheuser-Busch Cos. on Tuesday said it will extend through 2006 its "Here's to the Heroes" program that last year provided free theme park visits to 900,000 U.S. military service people and their dependents. Busch Gardens Tampa Bay, Adventure Island in Tampa and Sea World in Orlando are among the Busch theme parks participating.
BASF eyes Engelhard
BASF AG, one of the world's largest chemical companies, said Tuesday it has made an unsolicited $4.9-billion cash bid for Engelhard Corp., a New Jersey surface and materials science company.
T-bill rates rise
Interest rates on short-term Treasury bills rose in Tuesday's auction to the highest levels in nearly five years. The Treasury Department auctioned $17-billion in three-month bills at a discount rate of 4.070 percent, up from 3.905 percent last week. An additional $15-billion in six-month bills was auctioned at a discount rate of 4.265 percent, up from 4.200 percent last week.
The Dow Jones Industrial Average closed at 10,783.01 in 2004. An Associated Press graphic on Monday gave an incorrect number.