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March 27, 2003
Today’s headlinesHome sales, economy sputtered in February
New-home sales and manufacturing slump, but Tampa Bay area home sales remain hot.
Jury clears Tyson's hiring
The poultry company was accused of arranging illegal immigration. Jurors say the government didn't present a good case.
Companies 'hunker down'
The Federal Reserve Bank of Atlanta head expects the economy to flourish once the uncertainty over war ends.
A penny saved incurs $12.45 fee
ST. PETERSBURG -- Anyone with a healthy respect for the tax man knows that paying late can lead to penalties and interest.
Energy refunds ordered in Calif.
WASHINGTON -- Seven Enron Corp. subsidiaries and five other energy companies manipulated natural gas and electricity prices and supplies in California, federal energy regulators ruled Wednesday.
Sears puts credit arm on sale
The retailer wants to lose the troubled division and focus on sales.
Cigna will close Tampa call center
All 135 jobs will be gone by the end of October.
Business Today
HEALTHSOUTH OFFICER PLEADS GUILTY: The suspended chief financial officer of rehabilitation clinic operator HealthSouth Corp. became the second company executive to plead guilty to criminal charges in a huge accounting fraud. William T. Owens, placed on leave March 20 along with HealthSouth chairman and chief executive Richard Scrushy, admitted his guilt Wednesday in U.S. District Court in Birmingham, Ala., to federal fraud and conspiracy charges. Owens, 44, of Birmingham, faces a maximum of 30 years in prison and as much as $5.5-million in fines, said prosecutors, who agreed to recommend a lighter penalty in return for his cooperation. Owens and Scrushy were suspended last week after the SEC filed a lawsuit accusing Scrushy and the company he founded of overstating profits by at least $1.4-billion since 1999.
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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