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June 19, 2002  
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Today’s headlines
Food? Color it quirky
Blue margarine? Yellow Oreos? Green ketchup? Colored French fries? Popcorn that changes color? It's all part of a trend that shows little sign of fading away.

More positive economic signs emerge
Consumer prices are down and housing construction is up, fueling the economy's recovery.

R.J. Reynolds hits bars for customers
The tobacco giant gives away cigarettes to twentysomethings to attract customers. Opponents compare it to targeting minors.

Merger unites counties' builders
Pinellas home builders voted Tuesday to merge with builders in Hillsborough to form the Tampa Bay Builders Association.

Business digest
TECO COMPLETES OFFERING: TECO Energy Co. said it completed its previously announced secondary offering of 15.525-million common shares of company stock. The offering included an initial offering of 13.5-million shares, which was completed June 10, and 2.025-million of over-allotment shares, which the offering's underwriters exercised their option to purchase. All of the shares, including the over-allotment, were sold at $23 each. The offering "completes TECO's anticipated equity raising needs for this business cycle," chairman and chief executive Bob Fagan said in a statement. The $346-million in net proceeds will be used for general corporate purposes and to repay short-term debt, TECO spokeswoman Laura Plumb said. TECO's shares closed at $24.48, up 45 cents.




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