Patel chosen as area's top businesswoman
By wire services
Published August 20, 2005
Dr. Pallavi Patel, president of the Patel Foundation for Global Understanding, was named 2005 Business Woman of the Year on Friday by the Tampa Bay Business Journal. She was selected from seven female business leaders from seven categories. Patel also was named the winner in the international category. Other winners:
BUSINESS SERVICES: Shelley G. Broader, president and chief operating officer, Kash n' Karry/SweetBay Supermarket.
GOVERNMENT: Kathy Castor, Hillsborough County commissioner.
MANUFACTURING: C. Susan Basil-Englander, president and founder, EEI Manufacturing Services.
MEDIA: Marty Petty, publisher and executive vice president, Times Publishing Co., which publishes the St. Petersburg Times.
NONPROFIT/SOCIAL SERVICES: Darby Dickerson, vice president and dean, Stetson University College of Law.
YOUNG BUSINESSWOMAN: Jessica Pawelkop Muroff, account manager, Raymond James Financial.
Oil jumps $2 a barrel, reacting to fire
Oil prices rose more than $2 a barrel on Friday, bouncing back from a dip this week as markets reacted to a fire at a massive refining complex in Venezuela and developments in Ecuador, where protesters had forced a halt to production. Light, sweet crude for September delivery gained $2.08 on the New York Mercantile Exchange to settle at $65.35 a barrel Friday.
Beverly gets bid of $1.91-billion
Nursing home operator Beverly Enterprises Inc. said Friday it received a higher bid of $1.91-billion from a private investor group, forcing the original high bidder to decide whether to submit another proposal to buy the company by Tuesday. On Wednesday, investment group North American Senior Care Inc. offered $1.85-billion, or $12.80 per share, a bid Beverly's board said it would accept. But an investor group led by Formation Capital LLC, the group that mounted the original hostile takeover attempt of Beverly, came in with a late bid of 10 cents more per share Friday.
Truckers still allowed to drive for 11 hours
Truckers can still spend six days on the road during the week and drive for 11 hours at a time, thanks to a rule the Bush administration decided to leave intact even though truckers and safety advocates say it's unsafe. For 60 years, truckers could drive for 10 straight hours. On Jan. 1, 2004, the Federal Motor Carrier Safety Administration changed the rule to allow them another hour behind the wheel. But a federal court threw out the changes. On Friday, the truck-safety agency said a revision to the rule would allow the big rigs to roll for 11 hours, three hours more than safety advocates say they should.