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June 13, 2002  
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Today’s headlines
Pest purveyor finds a new project to bug him
The 84-year-old has plans to bring his new pest control venture to St. Petersburg.

Mall to get four-star hotel
The Renaissance hotel planned for International Plaza expects to draw leisure and business travelers.

Pinellas looks at loan for tourism
A cash crunch forces county tourism marketers to slash their budget and agree to negotiate a loan from funds for beach renourishment.

Univision is buying Hispanic radio group
Hispanic Broadcasting will give Univision an advantage in the U.S. Hispanic market, letting it offer a combination of TV, cable and radio spots.

Business digest
DOW GAINS CALLED MEANINGLESS: The Dow Jones industrials rose 100 points, but analysts say investor sentiment hasn't turned around. Investors were cautious after the big sell-off Tuesday. Allegations of unethical business practices by ImClone's former chairman added to the uneasiness, as did profit warnings from companies including Safeway and Monsanto. "The market's a mess," said Charles White, portfolio manager at Avatar Associates. Analysts say the Dow's gains were meaningless and attributed them to "short covering," where investors are forced to buy stock to replace shares they had borrowed and sold on the expectation that the market would fall further. The Dow closed up 100.45 at 9,617.71. Broader indicators also finished higher.




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