St. Petersburg Times Online: Business
Place an Ad Calendars Classified Forums Sports Weather

printer version

Loose change

By Times staff writer
© St. Petersburg Times
published January 13, 2002

LIFE IMITATES ART: Prosecutors say American Capital Securities broker Anthony Gaglio, accused in a "boiler room" scam that cheated investors out of $1-million, had underlings watch Glengarry Glen Ross to learn how to close deals. The movie depicts an office of cold-callers who con elderly investors into buying fictitious real estate.

SHOPLIFTING ON THE RISE: Shoplifting losses nationwide are estimated at $10-billion to $13-billion annually, and marketing research company Retail Forward Inc. expects that figure to grow by $1-billion this year. Popular targets for thieves are bookstores, greeting card shops, music and video stores and toy stores, according to Retail Forward.

HAMMING IT UP: Smithfield Foods plans to cook up a huge ham biscuit on Sept. 28 to mark the 250th anniversary of Smithfield, Va., and the Smithfield Inn. The biscuit will measure 8 feet in diameter, contain 500 pounds of ham and feed 1,752 people, a nod to the year the inn was built and the town founded. Planners hope the biscuit will earn a spot in the Guinness Book of World Records.

YEAR FOR BEER: Americans drank a lot of beer last year, judging by Anheuser-Busch's sales figures. The No. 1 brewer said its U.S. unit sold a record 99.5-million barrels in 2001, up 1.2 percent from a year earlier. Budweiser and Bud Light brands led the way.

RETURNING TO THE NEST: The number of young adults who move in with their parents after long absences has doubled since the 1950s, according to California consultation and referral company Work/Life Benefits.

Back to Business
Back to Top

© 2006 • All Rights Reserved • Tampa Bay Times
490 First Avenue South • St. Petersburg, FL 33701 • 727-893-8111
Special Links

From the Times
Business report
  • Loose change
  • Calculated risk, painful failure
  • Ten tips
  • State bond market takes year-end dip

  • From the AP
    Business wire

    From the state business wire

  • Judge denies dismissal of Citigroup shareholder suits
  • Carnival to buy 4 cruise ships from Italian builder