Advertisement

Our coronavirus coverage is free for the first 24 hours. Find the latest information at tampabay.com/coronavirus. Please consider subscribing or donating.

  1. Archive

BEYOND TAMPA BAY

SHEILA BAIR is stepping down as chairwoman of the Federal Deposit Insurance Corp. this summer, ending a five-year term in which she helped craft the government's response to the 2008 financial crisis. The FDIC said Bair will leave her post July 8. Bair was among the first officials to raise concerns about the explosion in high-risk lending to borrowers with bad credit. Under her tenure, the agency closed more than 350 banks since the crisis peaked in late 2008.

* * *

YOUTUBE is adding about 3,000 films to its online video rental store to become more competitive with similar services from Apple and Amazon.com. The expansion is the latest step in YouTube's evolution from a website for quirky homemade videos to an outlet for more traditional fare from television, movie and music producers. Most YouTube rentals cost $2 to $4 per film. That's in the same range as competing pay-per-view services.

* * *

THE NATIONAL HIGHWAY TRAFFIC SAFETY ADMINISTRATION is investigating a fuel tank problem that could affect more than 2.7 million Ford F-150 pickup trucks. The NHTSA said Monday the steel straps holding up the truck's gas tank can rust and break, possibly causing a fuel spill and fire. No injuries have been reported from the possible defect. The agency is looking into trucks from the 1997 through 2001 model years.

* * *

PROFESSIONAL NETWORKING WEBSITE LINKEDIN hopes to sell its stock for $32 to $35 per share in an upcoming initial public offering. The price target, set in a filing Monday with the Securities and Exchange Commission, signals that LinkedIn is nearly ready to complete its IPO. The shares are expected to be sold May 18. The stock would then begin trading under the ticker symbol of "LNKD" on the New York Stock Exchange.

* * *

"We have today made a superior bid."

MARK FRISSORA, CEO of Hertz Global Holdings, which upped its bid to buy Dollar Thrifty Automotive Group to $2.24 billion, countering a bid by Avis Budget Group after Hertz's earlier offer was rejected

* * *

6%

INCREASE IN APRIL REVENUE at McDonald's restaurants open at least 13 months, boosted by strong sales of shakes, coffee drinks and breakfast items

* * *

THE BOTTOM LINE: Bank of America to test program that lets customers approve debit card purchases that exceed their balances by text message ...Tyson Foods' fiscal second-quarter profit stayed steady at $156 million ...GM to add 400 workers at Toledo, Ohio, factory, union official says

YOU MIGHT ALSO LIKE

Advertisement
Advertisement