Mortgage company coming to bay area
By wire services
Published October 15, 2005
Blue Marble Lending, a mortgage and title business, is establishing its headquarters in the Tampa Bay area.
The company pledged to create 275 jobs during the next three years, qualifying for incentives under Florida's Qualified Target Industry Tax refund program. Blue Marble has leased 17,000 square feet in the Thompson Center and plans to invest $800,000 in construction, renovation and equipment costs.
Judge: Winn-Dixie can reject leasesWinn-Dixie Stores Inc. received approval Friday from a federal bankruptcy judge to reject leases on three distribution centers, two dairies and a pizza company, saving the bankrupt supermarket chain $700,000 a month.
Kraft eliminates 600 salaried positionsKraft Foods Inc., the nation's largest food manufacturer, said Friday that it is eliminating about 600 salaried positions as part of its 2004 plan targeting 6,000 job cuts by 2007. The latest cuts are to occur by mid November at several locations mostly in North America, including Kraft's corporate base in suburban Chicago. They will bring the total eliminated under the 21-month-old restructuring to 5,200, leaving 800 positions yet to identify.
Huffy emerges from bankruptcyHuffy Corp. emerged from the bankruptcy and reorganization process Friday. The bicycle and sporting goods company, which filed for bankruptcy protection in October 2004, will become a private company and will maintain its headquarters in Miamisburg, Ohio.
Goldman Sachs chief economist to quitThe chief U.S. economist for The Goldman Sachs Group Inc. said Friday that he's stepping down and will move into an advisory role at the investment bank and securities firm. William Dudley said in a note to investors that he is stepping down at the end of the company's fiscal year and handing over the reins to colleague Jan Hatzius.
Harvard picks new endowment managerHarvard University, whose wealth recently surged past $25-billion, tapped a specialist in emerging market debt Friday to oversee its endowment and try to extend a yearslong streak of hugely successful investing. Mohamed El-Erian, a recent candidate to lead the International Monetary Fund, will become CEO of Harvard Management Co. early next year. He succeeds Jack Meyer, who helped grow Harvard's endowment from $4.7-billion when he arrived in 1990 to $25.9-billion at last report.
Apple chooses COOApple Computer Inc. named Tim Cook operating chief, cementing his position as a potential successor to chief executive officer Steve Jobs, and said iPod unit head Jon Rubinstein was retiring. Cook has been vice president of worldwide sales and operations since 2002, presiding over the surge in sales the iPod digital music player.