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Business Today

First Advantage buys stake in LeadClick

By TIMES WIRE
Published November 9, 2005


First Advantage Corp. and its largest shareholder, First American Corp., have acquired 75 percent ownership in LeadClick Media Inc., a San Francisco online marketing company. The deal, which gives the companies the right to buy the rest of LeadClick over the next three years, cost First Advantage $150-million in a combination of cash, stock and notes. LeadClick generates leads to the auto, real estate and financial services markets. First Advantage of St. Petersburg said LeadClick will become part of its Data Services segment.

Lawyers argue for halt to Scripps work

for Florida Wildlife Federation and the Sierra Club urged a reluctant federal judge Tuesday to halt construction of the Scripps Research Institute biotechnology project in Palm Beach County so a comprehensive study can be done of its effect on the Everglades and other sensitive wetlands. But U.S. District Judge Donald Middlebrooks, who in September found the Scripps project in violation of federal environmental permitting rules, repeatedly said during a two-hour hearing that he would prefer a compromise. "I sure wish you all would resolve it," Middlebrooks said. "You all have more latitude than I do. . . . I just hesitate to think that things have to be so black and white."

FCC won't cut off Internet phone users

Federal Communications Commission won't require Internet phone service providers to cut off customers who don't have reliable 911 emergency call service. The agency said providers that have not achieved full 911 compliance by Nov. 28 will not be forced to discontinue such service to customers. However, the FCC said it expected providers to discontinue marketing service and accepting new customers in areas where the companies are not routing 911 calls to emergency response centers.

Freddie Mac says earnings were lower

finance giant Freddie Mac, emerging from an accounting scandal, said Tuesday that its earnings for the first half of 2005 were about $220-million lower than originally reported because of computer errors. The government-sponsored company, the second-largest buyer and guarantor of home mortgages in the country, said it earned $1.4-billion in the first six months of the year, instead of the $1.6-billion reported on Aug. 31.

Linens N Things to be bought for $1.3B

N Things Inc., a top retailer of bedding, towels and home goods, agreed Tuesday to be acquired by investment firm Apollo Management LP in a deal worth about $1.3-billion.

Delta delays earnings

Air Lines Inc., which filed for bankruptcy protection on Sept. 14, said Tuesday it is delaying the release of its third-quarter results for five days.

[Last modified November 9, 2005, 00:39:17]


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