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Tuesday, May 4, 2004
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Latest from the markets
 Our annual report rates the 10 most successful public companies in the Tampa Bay area. Special report
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Today’s headlines
Seniors wary of drug cards
Enrollment begins, but wary and confused Medicare recipients take a wait-and-see approach.
Phone rate hike heads to Florida high court
The Public Service Commission requests for it to reconsider its approval of increases in local basic rates.
Sasser worms into PCs globally
Unlike traditional worms transmitted by e-mail, the latest automatically finds systems to infect.
Times' circulation results mixed
Circulation is growing modestly at most of the state's and the nation's largest newspapers, according to the latest industry numbers.
Catalina will restate earnings from 2001-03
Catalina Marketing Corp. took another big step toward recovering from last year's accounting scandal Monday when it said it will restate earnings for the 2001, 2002 and 2003 fiscal years.
Star dot-com banker found guilty
Frank Quattrone, who helped plan IPOs during the Internet boom, is convicted of obstructing a federal inquiry.
SUVs, hybrids drive solid April auto sales
DETROIT - Americans' appetites for gas-slurping pickups and sport-utility vehicles boosted business for several automakers last month, even as high fuel prices helped contribute to record sales for gas-electric hybrid cars.
Cost increases slow manufacturing
Yet, though the expense of materials rose in April, manufacturing's still growing, as is construction activity.
Travel unit concerns cloud IAC report
The e-commerce company beats forecasts, but its shares fall along with reservation sites' profit margins.
Business Today
FUNDING FOR FLORIDA ACQUISITIONS: Capital Environmental Resources Inc. of Ontario said Monday it has completed $374-million in financing, part of which will go toward its Florida acquisitions. The financing includes a $160-million line of credit, an offering of $160-million in senior subordinated notes and a private placement of 13.4-million shares. About $98.5-million will be used to complete its acquisition of Florida Recycling Services in central Florida, including Tampa. An undisclosed amount will go toward its purchase of the remaining assets of Allied Waste Industries in northern and central Florida, including the Tampa Bay area.
Volvo joins Rays' sponsor lineup
The team's marketing strategy this year is to find new sponsors and get businesses involved with the Rays in innovative ways. It looks to be working.
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