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Today’s headlines
St. Petersburg high-rise bought for $41-million
A trio of low-profile, bay area investors acquire the Bank of America building from Echelon Development.

Talks deepen for Andersen assets
The company is near an agreement to sell its international operations to a rival firm, a report says.

In hindsight, experts question airline bailout
At a private meeting on Capitol Hill five days after the Sept. 11 terrorist attacks, aviation expert Darryl Jenkins gave congressional leaders his stamp of approval on a multibillion-dollar bailout being lobbied for by the airline industry.

Business Digest
BANKS DETAIL RISKS: Wachovia Corp.'s off-balance sheet risks totaled $228-billion at the end of 2001, the company said in its annual report. Rival Bank of America Corp. said in its annual report that its total off-balance sheet risk is about $340-billion. The disclosures come at a time when investors are studying corporate finances more closely in light of Enron Corp.'s collapse.