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April 22, 2003
Today’s headlinesTECO debt downgraded to 'junk'
A ratings agency sees risks from the utility's investments in wholesale power plants.
Pasco juice company out of loan squeeze
The frozen juice maker is one of Pasco County's biggest private employers.
Skittish buyers tip index down
Leading Economic Indicators fall in March, but things could be looking up, now that the Iraq war is over.
Earnings
Tropical Sportswear Int'l Corp.: The Tampa apparel manufacturer missed analyst earnings forecasts, reporting a steep drop in net income. A consensus of two analysts who follow the struggling company were expecting earnings per share of 15 cents. The company reported 6 cents a share, down from 46 cents a share in the same quarter a year ago. Sales also slumped 6 percent.
Business Today
GREENSPAN FACES KNIFE: Federal Reserve Chairman Alan Greenspan, 77, will undergo surgery today for an enlarged prostate, the Fed said Monday. It also reported that tests last week showed no cancer and that he had undergone similar surgery in June 1994. The announcement was made after Wall Street markets closed for the day. The surgical procedure will be done at a Washington hospital that Fed officials declined to identify. Greenspan will not be under general anesthesia, said spokeswoman Michelle Smith. The chairman was in his office Monday and expects to be back at work later this week, the agency said. His current term as chairman runs to June 20, 2004.
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
Headlines from
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