Select Medical Corp., a Mechanicsburg, Pa., health-care provider, said it will close its Clearwater billing office as early as April 28, resulting in 66 layoffs. Also closing a Pinellas County office is contact-lens manufacturer Essilor of America Inc., a French company that plans to shutter its facility at 2400 118th Ave. N in St. Peterburg by Dec. 31, putting 84 employees out of work.
Renaissance Park nearly filled up
Less than two years after shedding its biggest tenant in Capital One, Renaissance Park has nearly filled its 530,000 square feet of offices on Henderson Road near Veterans Expressway. The five-building, 71-acre campus will reach 99 percent capacity with two recent leases: Engineering firm Wade Trim is taking 16,000 square feet and managed care company WellCare Health Plans Inc. is expanding into 20,000 square feet, according to leasing agent Cushman & Wakefield. WellCare remains the biggest tenant at about 370,000 square feet. Capital One shut down a calling center at Renaissance in 2004, laying off 1,100 employees, but retains a smaller presence at Renaissance for its auto finance division.
Google shares drop 13 percent on remark
Google Inc.'s shares plummeted by as much as 13 percent Tuesday after chief financial officer George Reyes raised the specter of slower earnings growth - a remark that soured recent investor enthusiasm that had been building for the Internet's leading search engine. Reyes predicted it will become increasingly difficult for Google to maintain its rapid growth pace. Shares plunged by as much as $51.87, or 13 percent, on the Nasdaq Stock Market immediately after Reyes' comments, but recovered as investors digested his remarks. The shares wound up shedding $27.76, or 7.1 percent, to close at $362.62.
Northwest pilots vote to authorize strike
The pilots union at Northwest Airlines Corp. said Tuesday its members have authorized a strike if the carrier imposes its threatened pay-cut and work-rule changes. More than 92 percent of pilots voted in favor of authorizing a strike, said Wade Blaufuss of the Northwest branch of the Air Line Pilots Association. The vote authorizes union leaders to call a strike, but doesn't guarantee they will. The union has said it wouldn't strike unless Northwest imposes pay-cut and work-rule changes.
Other airline news . . .
DELTA: Pilot negotiations will go to arbitrators if a deal isn't reached today, but Delta and its pilot union said talks would probably continue even if the dispute is submitted to an arbitrator.
ATA: ATA Airlines and parent company ATA Holdings Corp. emerged from bankruptcy protection Tuesday after 16 months. The airline employs 3,000 people - about half the number of workers it had before filing for Chapter 11 protection in October 2004.