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February 4, 2003  
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Today’s headlines
Shuttle Disaster: Space Coast cringes at thought of slowdown
The Challenger explosion devastated the area's economy. Many business owners and workers hope Columbia's effects are different.

Tampa bank bought
Southern Exchange Bank will have a new name, First National Bank of Florida, as part of a $150-million deal.

Cryo-Cell works to calm parents as its stock falls
CLEARWATER -- Doug Smith and his wife decided to store their son Sean's umbilical cord stem cells with Cryo-Cell International Inc. after his birth in June just in case of emergency.

Court delays Microsoft order
The mandate that Microsoft add Java to Windows is put on hold while an appeal is considered.

BellSouth blocks Sprint hire
Sprint says it's commited to hiring Gary Forsee as chief executive officer despite a temporary restraining order obtained by his current employer to prevent it.

Business Today
REPTRON DOWNGRADED TO "D': Standard & Poor's downgraded Reptron Electronics' credit rating Monday in the wake of last week's bond default. The ratings service dropped the Tampa electronics company from a "B-" to a "D," indicating that it is in default on its debt. Reptron failed to make an interest payment to bondholders and is attempting to restructure its debt. Low credit ratings make it more difficult and more expensive for a company to borrow money.


Latest business news
  • Monday's Metal Prices
  • Skilling, Lay optimistic as testimony ends
  • Wachovia shares fall on Golden West deal
  • GAO: Sarbanes-Oxley costs high for cos.
  • London's FTSE-100 index closes down 24.6
  • Calif. attorney general files fourth suit
  • Rigas sentencings reset for April
  • Plaintiffs in insurance fraud lawsuit
  • Health insurance plans claim vast fraud
  • TD Ameritrade fiscal 1Q profit up 5 percent
  • Wells Fargo net rises on deposits, lending growth
  • Citi misses Street; 4Q profit down 11 percent
  • Housing bust still haunts the banks
  • Infosys quarter profit $458M, cuts guidance




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